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0 sats \ 0 replies \ @Artilekt OP 15 Jan \ parent \ on: What would be the best hardware wallets to do a 3-of-5 multisig? bitcoin
Yeah I don't have a necessity for it yet either (for the moment) I just kind of want to play around and familiarize myself with the process and best practices in case I want to go that route in the future. Thanks!
Thank you! I'm not familiar with the last three. Do you know if they have good reputations? Would they be suitable in a multisig?
Decades aren't promised to anyone though. Gotta enjoy the present as well. It's a tightrope to walk.
I never understand this question. If bitcoin is the only money I have, how could I spend any other money? After all, even the most staunch low time preference bitcoiner will need at least food to eat and a place to sleep.
Fair point. I think right now though the % of the population that has only bitcoin is an extremely small niche for businesses to target.
We have to make merchants understand that if they don't accept bitcoin, they will lose business to the ones that do.
I totally get this but it just hasn't worked. Bitcoiners generally don't spend their bitcoin. Even at Pub Key, a bar about bitcoin and targeted to bitcoiners, only around 1% of sales are with bitcoin. I don't want to spend my btc either, but I would have to if the guy I want to fix my car only accepts bitcoin.
What will they do when their bank accounts/cards are blocked and nobody wants their bitcoin because they thought that merchant acceptance didn't matter?
For sure and I'm not saying people shouldn't take this approach. I just haven't seen it really go anywhere.
For sure, but that's why the current model of pressuring businesses to "accept bitcoin" just so you can spend it (why would you even want to spend the better money?) isn't going to go anywhere. Will have to come from the demand side. Someday.
People think that the circular bitcoin economy will come from more people spending bitcoin but it will be when people demand bitcoin for their goods and services. When the guy selling the best hot dog in town will only sell it for bitcoin, that's when we'll be getting there.
This reminds me of a conversation I had with my dad once and he made a point that I think relates to this. That we are spoiled by quick technological change, and have been for a long time. It's just a thing we expect now when for most of human history things were done the same way generation after generation after generation.
I think that is the purpose of the bond.
"The bonds would be charged (lost) in case of unilateral cancellation or cheating (lost dispute)."
Personally I think it makes it more likely it was Hal. But like Darth said, it doesn't really matter.