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Recent Notes

BankSith · 118w
Critical Audit Reveals Troubling Practices at Lebanon's Central Bank 🏦 A recent audit of Lebanon's central bank has shed light on concerning financial practices, including alleged misconduct and ...
Knightstr profile picture
Literally every central bank lol. Lebanon is being scapegoated.

You’ll never see a legitimate audit of the Federal Reserve, Bank of Canada, Bank of England, etc for the same reasons. They’re all playing the same games, some just have better economies to hide behind than fucking Lebanon lol.
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Lyn Alden · 128w
“We should change Bitcoin now in a contentious way to fix the security budget” is basically the same tinkering mentality that central bankers have. It begins with an overconfident assumption that...
Knightstr profile picture
It’s important to remember that there are multi-billion dollar mining companies who have a financial interest in changing the protocol in a way that benefits their economics, not necessarily the system as a whole. Now is a particularly challenging time for bitcoin miners with the hash price near all time lows.

It wouldn’t surprise me that public miners are astroturfing ideas to improve their revenues.


The security budget is a non issue imo. If it’s not profitable to mine, hashrate will drop and difficulty will adjust until it is.