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0 sats \ 1 reply \ @TheBTCManual 18h \ on: What is the point of NFTs? And perhaps fees are *too low* not too high? bitcoin
I was annoyed at them during those peak mempool stuffing, delays and free spikes for sure. I was annoyed that my node is taking up more hard drive space and but then I thought what if Bitcoin was just going through crazy demand and we had 4mb on the regular it would be the same result to my HDD
They have deep pockets but they like every other fad runs out of sellers eventually
I am a knots node runner, I don't like ordinals I don't see the point in them, but running a node is now 2.5x cheaper than when I was peak annoyed so it's not all lost, we can still operate for years to come without pricing out people
If we do get a consistent high-fee environment I'd say its about time, l2s need more pressure to kick on, its a chicken and egg scenario, if the chain is not under pressure we won't have an incentive to scale and push the limits of L2 nor do we get enough funding to improve on the solutions in production.
Depends on their level of conviction if they've figured it out and confident they won't crap themselves and dump if it rips down 10, 20, 50% I guess smash buy can work, but conviction isn't built in a day, DCA is the palatable orange pill for most folks, that gets them hooked on the process and benefit of moving over to a bitcoin standard
I fear not the hodler that buys $10k in one go, but the man that has bought bitcoin 10 000 times
Lol I guess ordinals weren't supplimenting the security budget enough for someone so they took it upon themselves to fat finger pay foundry
Who are you nut bags selling Saylor your Bitcoin, at least make him pay through his teeth to get to 500k this is redonkulous
You could also say you lost they keys and just not move those coins for ages or swap the UTXO with a statechain with someone in another country lol plenty of ways to insert doubt of ownership.
Its good to think about all the possible attack vectors but I don't see them going so hard for your Bitcoin, they'll always try to go for the easiest paydays and theres way more of them out there
Bitcoin would need to be in the multiple trillions and by then you might even have purchasing power that allows you to turn laws in your favour
Even if you put it through a mixer/coinjoin you've already established that you've purchased Bitcoin, sure you can obscure the path on chain but authorities know bitcoin was bought and transfered and while it might not be the case they could come for their slice of the pie and force your de-anonymise your coins to prove you hodl it or pay the taxes
If they do claim you owe taxes if unrealised cap gains come though or some dumb ass rule, you can always offer them up cash or some other asset instead of doxing your stack, should that be the cheaper way to go
Only way to skirt that is to buy non-kyc, earn it directly or mine it!
I've tried dex, and all the unsafe subdomain variations they've listed on the main site, glad i'm not the only one failing to get in though
Correct me if i'm wrong but your custodial account will still be active for receiving and build up a credit balance you can use to setup an albyhub at a later stage and open a LN channel, no? So still salvagable in a way right? All is not lost custodial maxxers
I'm not so sure anymore, maybe a few months ago I'd be convinced that this memecycle would live on Bitcoin, but with pump.fun and the whole SOL craze I think they've captured that market and more power to them, i'm more than happy to see that wasteful expenditure in another ecosystem
I think meme coins are super price sensitive and when you add a hurdle rate that is a volatile fee market you scare off a lot of retail, these people want to expend as little as possible to get their lottery ticket
The whole narrative of fair mints also seems to be dead in the water, the crowd is fickle brother, you need only conjure magic for them once and they will follow the new messiah