@Nuh
Working on https://mlkut.org, designer and maintener of https://pkarr.org.
https://nuh.dev
Relays (3)
- wss://purplepag.es/ – read & write
- wss://relay.damus.io/ – read & write
- wss://relay.primal.net/ – read & write
Recent Notes
Its a hard one. I would like to see some improvements on bitcoin L1, i think its the only way it will survive. But i also see the power of ossification. As Jimmy Song rexently said, people want a stor...
Who the fuck is going to pay for miners if not people exchanging Bitcoin for other things? If all Bitcoin is locked in multisig bridges, these federations will realise they can settle between each other through an even larger multisig or LN channels and never pay fees on chain.
You expect the current hashrate to persist despite no fees forever
If the hashrate falls, what does Bitcoin offer that Litecoin doesn't? Nothing is the answer.
Everything can ossify, that is not a selling point, not until you have a Script that can emulate anything we might need in the future... FFS that is why Satoshi invented Script instead of hard coding all "approved" spending conditions... The fact that Script got neutered since is an accident and a failure that Bitcoiners started to worship for some retarded reason.
You expect the current hashrate to persist despite no fees forever
If the hashrate falls, what does Bitcoin offer that Litecoin doesn't? Nothing is the answer.
Everything can ossify, that is not a selling point, not until you have a Script that can emulate anything we might need in the future... FFS that is why Satoshi invented Script instead of hard coding all "approved" spending conditions... The fact that Script got neutered since is an accident and a failure that Bitcoiners started to worship for some retarded reason.
Vlad, I'm going to have to disagree with you on this. The concern of pricing out low-income folks from running their own nodes is valid.
Low income people won't afford Bitcoin L1 fees at all if we got more adoption... So what is the plan? Keep Bitcoin niche and not global money? Or support upgrades that help scaling?
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And retards will see this and say "Good" ... Because they have this religious belief that Bitcoin is secure at rest... It is just secure because it is Bitcoin duh... No, if no one is paying fees Bitcoin will die, simple as that.
If you don't contribute to mining revenue, you are not doing anything to secure Bitcoin.
If you don't contribute to mining revenue, you are not doing anything to secure Bitcoin.
Should we worry about Bitcoin's security budget? I won't worry unless miner revenue drops epoch over epoch.
1st epoch: $0B
2nd epoch: $2B
3rd epoch: $16B
4th epoch: $46B
5th epoch: $27B so far
We're...
Revenue falling is the only hope we have for the current deadlock is broken and something directionally towards GSR is feasible again. It's while subsidy is high that everyone can pretend Bitcoin can be secure with little to no usage
I know a guy who only eats once a week amd injects methamphetamine daily.
That guy I know could probably out run out lift and outfight this guy and his carefully crafted placebo drug addiction
People have waaaaaaay too much confidence in their knowledge of how the most complex system we ever have to deal with works!
I want all this to be true, but I just know that shit is not that simple unfortunately for everyone.
I want all this to be true, but I just know that shit is not that simple unfortunately for everyone.
That's not what I was saying. But I wouldn't see a problem with that either.
I was kidding, but I would definitely like to see that too.
Good for Gloria, no one should endure online Bitcoiners, they are uniquely retarded to levels honestly hard to find anywhere else.
Breaking; Fiatjaf says he wants Mastodon with Namecoin Drivechain, based.
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