@SStacksats @Bubblespotting @Schuldensuehner He sees a chart going down so he thinks it is going down more 🤦 like my TA! 🤦
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Pillars of Bitcoin
2.4K posts
Pillars of Bitcoin
@BitcoinPillars
Curated Bitcoin articles. #Bitcoin |Knowledge makes a man unfit to be a slave.|
เข้าร่วม Mart 2020
1.4K กำลังติดตาม588 ผู้ติดตาม
El Salvador to become the world’s first country to adopt #Bitcoin as legal tender. President Nayib Bukele says he plans to submit legislation. “This will generate jobs & help provide financial inclusion to thousands outside formal economy,” Bukele said. bloomberg.com/news/articles/…
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Pillars of Bitcoin รีทวีตแล้ว
Breaking: a country of 6m that doesn’t rank in the top 100 economies says they might embrace #bitcoin
Bitcoin community: LFG!!!!!!
GIF
Anthony Pompliano 🌪@APompliano
BREAKING: The President of El Salvador just announced that he is making Bitcoin legal tender in his country. This is the first country to take such a courageous step, but it won’t be the last.
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"To build DeFi on a centralised protocol, or one that is a protocol managed by rulers, is inherently broken from the start"
@AlyseKilleen on #Bitcoin
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The only way to protect ourselves from suitcase nuclear bombs is to experiment with building them in dense urban areas with light security protocols.
Manhattan, NY 🇺🇸 English
@PickACardHS @undef_ined @notgrubles Might be a bad example. But the network per se doesn't mean it's very valuable. I struggle to see value in the Ethereum chain. Bitcoin derives it's value from immutability, and trust. That's almost impossible to replicate.
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@BitcoinPillars @undef_ined @notgrubles (1/2) Torrents do work great if you have people seeding them. What if no one wants to seed a file on a torrent? You're stuck. How do you incentivize someone to seed a file? By paying them. This concerns IPFS/filecoin more than Ethereum though.
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@PickACardHS @undef_ined @notgrubles Smart contracts are pretty cool yes. They have been around for decades. If we could really decentralize these, they have potential to do great things. But a chain running these (that can also be done with a few AWS instances) is not worth billions of dollars imo.
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@BitcoinPillars @undef_ined @notgrubles So you don't believe in smart contracts at all, even ones built using bitcoin? Smart contracts allow for trustless negotiations and trades without any middleman. It makes transactions more efficient and removes the possibility of fraud from the middleman.
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@PickACardHS @undef_ined @notgrubles The financial system's size is about ownership. Ownership of debt, shares of a company, commodities, real estate... What part of the financial system does ether compare to that is so big? None of the above. It's a tool yes, but I don't see much value in a smart contract platform
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@BitcoinPillars @undef_ined @notgrubles That's fine, but it's also why it's going to get flipped by smart contract chains in the future. Bitcoin has a place as a hard money, but even gold is a far smaller market than the financial system as a whole.
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@PickACardHS @undef_ined @notgrubles I don't see defi on bitcoin as a good thing. But that is my opinion. And I'm one of those that think def isn't real, or sustainable.
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@undef_ined @BitcoinPillars @notgrubles This guy is ignorant; let him learn the hard way. Bitcoin defi is going to fail because half of their community doesn't even think defi is real.
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@PickACardHS @undef_ined @notgrubles And we expect people to keep swapping shitcoins for shitcoins? Ethereum collapses every few years. Stablecoins will collapse under regulatory pressure. I will be surprised if this defi thing will even exist in 2-5 years! Let alone the far future.
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@BitcoinPillars @undef_ined @notgrubles They're the largest DeFi dapps, all on Ethereum. Uniswap itself generates over 3x more fees than Bitcoin does on a daily basis, and we expect bitcoin to live off fees in the future?
cryptofees.info
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@PickACardHS @undef_ined @notgrubles I'm not really the person to discuss these kind of things with. I hardly recognise half of those 🙂
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@BitcoinPillars @undef_ined @notgrubles Everything on other chains is basically just a fork of one of these projects with inferior developers and innovation.
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@PickACardHS @undef_ined @notgrubles Developers follow the money. For now, that's Ethereum (partly due to massive funding from the premine). but that can change in a matter of months imo. Apps can be ported on other chains.
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@BitcoinPillars @undef_ined @notgrubles That doesn't seem to bother the thousands of developers building on Ethereum, which is growing by the day. If you don't want to use Ethereum, go use Ethereum Classic.
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@PickACardHS @undef_ined @notgrubles Ehm? Ethereum is the LEAST secure chain of them all. They hard fork at will, without users even wanting it (the DAO?). Not a SINGLE chain has even tried doing that! By definition, it is the least trustable chain of all.
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@BitcoinPillars @undef_ined @notgrubles What do you mean "damage has been done?" Ethereum is regarded to be the most secure smart contract chain and therefore it has the most development and locked value.
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