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@Johnny21
stacking since: #349077longest cowboy streak: 3npub1qwk7l...dvtqel8uzv
This was one of my favorite songs as a teen. Back then no one was arguing about gender stuff, but today someone would probably exploit it to gain clicks one way or another.
https://www.youtube.com/watch?v=LJhQd_G5WfQ
Good question, been thinking about this issue as well. But there are even more questions:
- How much bitcoin held by a single custodian is too much? (Looking at you Coinbase)
- How much bitcoin held by several custodians in a single country is too much?
- Can a single country gain control of the network by seizing coins and mining hardware from central entities?
That's bad, I like to recommend this exchange to swap shitcoins to lightning. But at least users seem to be fine.
We would like to emphasize that financial losses affected only our service; hackers stole funds to ensure the liquidity of the service, that is, the company’s funds and user funds were not affected. We also want to emphasize that FixedFloat does not perform the functions of a custodial service, that is, it does not store user funds.
Am I crazy or does this song remind you of the first Linkin Park album Hybrid Theory?
https://youtu.be/LDFVDWt2Nvc?si=amnjwNXG11MmtjUa
I've built one last weekend as part of a workshop given by WantClue. It was a Bitaxe Ultra. It was super fun and soldering was not difficult for me with the right equipment and instructions, but I did only the easy parts by myself. The smallest parts and the asic chip were done by WantClue himself to ensure everything was working in our limited time.
Satoshis initial timechain parameters in November 2008 pre-release:
Blocktime: 15min
Initial block subsidy: 100 BTC
Difficulty readjustment: ~30 days
Halving period: 100,000 blocks (~2.85 years)
This results in a maximum supply of 20 mio BTC after approx. 100 years.
Good question, it can be both. Most people I know choose to ignore it and some stop bothering after doing 10 min of research.
This paper is usually a very good reverse indicator. If they say to buy, you should think about selling!
I've done this several times, especially for newborn kids, and told the parents to hold until they're 21. I've used Electrum to generate the seed, because it doesn't require knowing the derivation path. And I kept a copy of the seed for myself, just in case.
My take-away:
You have to be able to afford self-custody. You need a certain amount of sats as well as the necessary know-how, otherwise only third-party custody makes sense. Solutions are being worked on, but it remains uncertain whether they will ever come.
Question for the future: Will Bitcoin remain decentralized if only the richest 1% can afford self-custody?
That's the wrong question. The right question should be, where will we reach the Bitcoin standard?
At my local meetup once a month, where everyone uses sats only, it's already there!