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0 sats \ 0 replies \ @AngeloMetal 3 Jan 2023 \ parent \ on: Luke Dash jr's PGP key compromised and bitcoin stolen bitcoin
or you pretend you got robbed.
"mempoolfullrbf=0" and "what?" have the same percentage. Great. That's exactly why there's this delusion anyway.
Censorship-resistance, privacy (or pseudo-privacy), transparency, portability, difficulty in confiscation, verifiability, minimum cost to send overseas, but more crucially: control over monetary policy. Nobody can screw it up with the supply. That leaves me with a peace of mind.
25 sats \ 0 replies \ @AngeloMetal 9 Nov 2022 \ parent \ on: How do you prefer to buy bitcoin? bitcoin
Buying electricity, and buying bitcoin isn't the same thing, that's all I'm saying.
25 sats \ 0 replies \ @AngeloMetal 9 Nov 2022 \ parent \ on: How do you prefer to buy bitcoin? bitcoin
Sure and you acquire bitcoin, but you don't buy it. You create it.
25 sats \ 4 replies \ @AngeloMetal 8 Nov 2022 \ parent \ on: How do you prefer to buy bitcoin? bitcoin
You did good. You don't buy bitcoin by mining it...
I didn't say on-chain fees are high. I just said they're about 100 times greater than with Lightning.
I've also been trying to inflate bitcoin
You either die as a hero, or live enough to see yourself becoming the villain.
You can't. There's no unlocking script that can unlock that output. They're sent to a locking script that's invalid.
I don't think I was very pedantic. Certainly lost forever versus likely lost forever isn't the same thing, protocol speaking. There might be a time in a hundred years perhaps, that these seemingly lost bitcoins are brought into circulation.
Furthermore, the consideration that 1111111111111111111114oLvT2 is a burning address is arbitrary. The specific address has the same chances to be generated as any other address. The fact that it looks weird doesn't change that fact.
This is misinformation.
These coins are part of the UTXO set, and are therefore normally spendable. There might be no person who owns a private key that unlocks 1111111111111111111114oLvT2, but given that there are 2^160 valid Bitcoin addresses in total, and 2^256-2^32-977 valid Bitcoin private keys, there are about 2^90 private keys that can sign for these coins. They aren't certainly lost forever.
Certainly lost forever are those sent in OP_RETURN scripts, unclaimed miner's rewards, and coins sent to nowhere such as transaction - "5bd88ab32b50e4a691dcfd1fff9396f512e003d7275bb5c1b816ab071beca5ba".
GENESIS