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leadbyexample · 2w
I'd love for someone to explain to me what bitcoin hashrate renting is all about. Even if 99% recoup was guaranteed, what's the point if you lose 1% of the money you pay? Is ti virtue signaling? If on...
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Tauri @Tauri
You buy hash with KYC coins, you get 95% fresh coinbase non-KYC back. On the p2p markets this costs between 8 and 20% in premium.

Not to mention the slight loss in sats is a price worth paying to decentralise mining that is vital for Bitcoin’s survival. That is if you care about Bitcoin, and not just fiat.
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leadbyexample · 2w
This is actually a good point which I hadn't thought about, thank you. Coinbase coins are arguably better than coinjoined coins (however you want to define "better" in this context), but I am in the long time preference tribe that knows joined coins will be just as fungible one day.
1776 · 2w
What about the additional capital gains headache and loss of value that arises from the KYC spend? I still don’t see the upside for anyone who doesn’t have a massive stack. Thanks.