I can see a future where every Ethereum project worth its salt inscribes its metadata. Bitcoin will outlast Arweave. if "Arweave is like Bitcoin, but for data" what happens when people realize that Bitcoin IS data?
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@GabeBHiggins@cryptotea Hey man, no one needs you to believe in BSV. Just be open minded, the BTC community loves NFTs and pretty soon they will start using apps that allow low fee, instant transactions and large blocks to store files. That can only be built on BSV….
@the_blockreview@cryptotea My house is not an open-source decentralized network, like #Bitcoin .
It's centralized, owned & controlled by a small group... is that what you're comparing BSV to? Because then we agree on that.
Bitcoins layer 1 was NOT made for jpeg storage
it's a bug in the code
if this happened to a centralized company, they would patch the bug
let's see if a decentralized system can come to the same conclusion
I'm going to start researching privacy coins in the meantime
@the_blockreview@cryptotea Bad take. Bitcoin is what the consensus determines. The protocol can/has/will change when the users determine it's fitting to. Such as adding Taproot.
The nature of decentralization means changing is extremely difficult, which is a feature, not a bug.
early this year i was curious of the claim "bitcoin 2x's per year on average". it checks: the decade jan 2013 - dec 2022 #bitcoin went up 2.036x/year (1200x in a decade). if that continues we'll cross $10mil/BTC and $200 tril market cap by end of next 2 halvenings, about 9 years.
@adamntweet@Dr_CSWright@Pauly0x You do understand that method of proof is not proof. You must go through court to claim that much money. Once the court says Craig has a right to those coins, he can sell as he pleases.
Coffeezilla said it EXACTLY RIGHT. In crypto-space, the normal signals which normally dictate success are almost always wrong. We trust bad heuristics, we trust apparent success for brilliance. We need to look deeper. youtu.be/hi9Rf0oLdHk?t=…