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0 sats \ 0 replies \ @clr 22 May \ parent \ on: Happy Mempool Bitcoin Pizza Day Template by MARA for Gemini mempool
Agree. It would be nice if they used actual transactions from the mempool instead of fake ones.
That would require a sorting algorithm. Real art requires effort.
others are calling for [...] deregulation to keep the crypto paper trail more anonymous
KYC is dangerous.
Basically all this drama is about making standardness rules for OP_RETURN outputs identitcal to consensus rules.
Yes.
So why was the 80-byte OP_RETURN limit never a consensus rule in the first place? I suppose that because Core never made it so.
This is the danger we are facing. That the Core church is getting to define what bitcoin is, because most people just run Core's software and go along with whatever they do. We need competition in churches. It's a shame that in 2017 and later many developers went on to making competing forks that have gone nowhere. I hope they come back to bitcoin and help people understand that bitcoin is not Core.
PoW isn't the only thing that counts. It's not the only consensus rule.
How so? When bitcoin gets widely used, let's say the majority of miners start awarding themselves more bitcoin. They would just need Core to provide a convenient excuse to distract people. After all, with which other coin that nobody uses do you intend to trade?
Some might say: "The people would revolt!" Well, now we have central bankers and their cronies stealing >2% of humanity's output every year (the inflation target, and this doesn't even account for productivity increase due to technological progress), and I don't see anyone revolting (in fact, most people love this system).
If the current Core version does not mine transactions with OP_RETURN above 80 bytes, why is it considered a standardness rule instead of a consensus rule? Who or what determines that?
At this point, given the rationale in this discussion, what's stopping miners from giving themselves a higher block reward or whatever? What's the point of nodes verifying blocks if PoW is the only thing that counts?
I'd like to be able to zap sats to those who can accept sats, even if I have enough CCs I'm my account.
They have been offering this for ages outside the US, as well as their competitors. And they don't ask for ID verification. Precisely one of the points of using cash is to remain private.
And calling cash "exotic" is pathetic.
Yes, it has acted as a lifeboat. Yes, it's volatile. Just look at how the life raft bounces up and down with the waves and compare it with the "stability" of the sinking ship. And in the lifeboat there is no heating, no light, no roof, no drinks and no orchestra. The purpose of the lifeboat is to save lives, not to be comfortable. Comfort will come in due course (UX is improving, LN is becoming more reliable and volatility is decreasing).
The euro is very comfortable. The comfort of the boiling frogs. But any politician or bureaucrat can take away your comforts with a keystroke if they don't like you or fall out of favor or whatever. If you don't have a place in the lifeboat, you will have to jump straight into the freezing water (or stay put and listen to the orchestra until the end, while you pretend that everything is fine).
Of course I've thought about that. It's like selling your place in the lifeboat to try to buy it later at a "lower" price. Or like collecting cents in front of a steamroller.
I know someone who mortgaged their house to buy bitcoin, panicked and sold everything during the covid crash, had to pay capital gains tax and then bought again at more than 2x the price. Hope it serves as a cautionary tale.
I also know several people who had been "trading" and admitted that had they just held, they would have come out the same or better and with much less stress. Time in the market is more important than timing the market.
Nice! There is a similar app for Thailand: https://plebqr.com/
They did the same during covid hysteria, when people would brigade-rate 1-star shops that forced customers to wear masks or vaccinate. This is not new.
For instance, when governments and businesses started requiring proof of COVID-19 vaccine before entering certain places, we put extra protections in place to remove Google reviews that criticize a business for its health and safety policies or for complying with a vaccine mandate.