55 sats \ 1 reply \ @SpaceHodler 6h \ parent \ on: So what are the problems with Monero? bitcoin
And this is also why we can't see how well it scales for example. Monero people are against L2's and believe the base layer should be enough, but it would take the age and popularity of Bitcoin to test their beliefs empirically. Conveniently for them it may never happen ;)
As for ASIC resistance, here is a video that talks about RandomX, and what approaches to ASIC resistance preceded it:
TLDR: instructions for a VM are generated randomly, then the miner executes them. So any 'ASIC' would have to be Turing complete, i.e. a full-fledged CPU.
I think a large part of the divide between Bitcoin and Monero is that bitcoiners embrace NGU and understand that for something to replace fiat, it needs to be liquid, have volume and a large market cap. I.e. it can't be niche and it has to eventually intersect TradFi and be put on company's balance sheets etc.
Monero bros, on the other hand, focus on privacy, but I've never seen them discuss what money is, what role it plays in the economy, or anything Austrian economics related.
I like the idea of ASIC resistance though, with their mining algorithm requiring a CPU, which disincentivizes industrial mining.
Lyn Alden wrote a long note on Nostr about Elon Musk maybe a year ago. I can't find it now, but it was very negative, that he was a grifter trying to capitalize on the freedom community without really helping it. She intentionally didn't post it on Twitter.
I think it's better advice for newcomers than those who've hodled for 10 years.
In a few years, today's newcomers may feel different about their stacks and their actions will reflect that.
So how do we do diamond hands to medium of exchange shift?
Who is "we"?
I don't feel the need to do any "shift". I'll use my bitcoin as I see fit.
10 sats \ 1 reply \ @SpaceHodler 24 Jul \ parent \ on: Diamond hands model is broken FiresidePhilosophy
Are you worried we're going to reach immortality and lower our time preference to zero?
Relax, people will continue to die in accidents.
But the political spectrum in the study was the wrong one. Many libertarians consider themselves to be neither liberal (in the new, non-classical sense) nor conservative. Probably many of them answered "neutral".
He started around 2000, Bitcoin didn't exist yet.
The article mentions that a Chinese commenter said he should have bought gold.
Elon's private jet was spotted landing in Nashville.
David Bailey tweeted about it and Elon suspended his account.
Isn't imposing tariffs is like telling us what and how we buy with my money?
Yes, it's just another form of coercion.
It's used to manipulate the trade balance.
As a result, the economy becomes less competitive.
It's common for people who don't have money to fantasize about a world where money doesn't matter of exist, to bring those most accomplished down to their level, so they have nothing to be jealous about.
You could live without money, but then you wouldn't be posting here, because you wouldn't have a PC or smartphone.
Study Austrian economics and you'll understand the value of money.
As well as time preference, which interest rates arise from.
Exactly. I don't spend on-chain often and when I do, I don't mind adding a few seconds to what takes 10 minutes or more anyway.
For downloading and broadcasting new blocks it shouldn't affect the network either as they're mined every 10 minutes.
127 sats \ 7 replies \ @SpaceHodler 18 Jul \ parent \ on: bitnodes.io tor node count continues to fall bitcoin
If you live in a authoritarian regime, the question is not about tor, but about wtf are you doing about that regime...
Using Tor is one of the things one can do about the regime.
Tor maybe is good to browse with more privacy some websites, but NOT for running LN nodes.
The post was about Bitcoin Core, not LN nodes?