Damus

Recent Notes

Sean · 36w
It's probably something that I need to do more research on. Although, for the short amount of time I've been here it's only ever been used as an excuse to infringe on the little privacy I have. This ...
Tyler Burns profile picture
For sure. Governments will use any excuse to expand power. But we just need to be careful to not use that as an excuse ourselves to disregard real threats and risks. We just need to make sure to put a check on government power while tackling these problems with real solutions.
Sean · 36w
It's probably something that I need to do more research on. Although, for the short amount of time I've been here it's only ever been used as an excuse to infringe on the little privacy I have. This is personal experience and not necessarily based on any specific peer reviewed paper.
mike · 37w
Understood
mike · 37w
To clarify that. I’m not here to advise anybody anything. I can’t do that morally and I certainly can’t legally give financial advice. But what I can explain is reality. Mortgage literally tra...
Tyler Burns profile picture
Don't get me wrong, as someone who has retired at the age of 42 and have been debt free aside from a mortgage on my home, I abhor debt and understand that more than anyone. But everyone's financial situation is different and saying a penny of debt is equal to slavery is nothing but hyperbole.

Sure, living in a van and travelling the world is a great and free life style. But some people want families and a home and land for their children to grow up in. Who is more enslaved in that regard then, the renter or the home owner with a mortgage?

Everything is relative in the end.
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mike · 37w
The cost of a penny of debt is a contract that has the same legal enforcement as a debt of $1M. That is the point I am making here. If you actually borrow $1 from your mate, he is not going to take you to court to recover it, neither is a firm going to spend a lot of effort recovering a few hundre...
mike · 37w
Yes. And yes, I'm serious.
mike · 37w
I understand this view. Borrow fiat against your Bitcoin rather than spending Bitcoin. I agree, the financial argument is compelling. However, borrowed fiat has a cost. That cost is loss of liberty....
Tyler Burns profile picture
If the LTV ratio is 100%, then you're not really relinquishing control of anything that wouldn't have been spent anyways, no? In the long run I think bitcoin loans will trend toward these higher LTV ratios and thus make taking loans on your bitcoin a better option than it is today.
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mike · 37w
1 penny of debt is all it takes to be enslaved.
Alan Amato · 42w
Not looking for a fight πŸ˜ƒ . I'm just a lowly node runner but I haven't heard any logical reason to remove this limitation. What good does it actually provide node runners? It only seems imho to ...
Tyler Burns profile picture
"Easier" doesn't mean cheaper. It is far cheaper to just witness space as is being done today.

It doesn't harm node runners since the DB growth won't change and is still linear regardless of any limit removal.

Having the current arbitrary OP_RETURN limit in place does however have potential downsides though since it can incentivize alternatives to the default mempool (bad for node runners) and can lead to UTXO bloat since the alternative is to continue using witness data.

A lot of good discussion in the group where more info can be read:

https://groups.google.com/g/bitcoindev/c/d6ZO7gXGYbQ?pli=1
πŸ€™1
Mags · 47w
Shhhhgh