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100 sats \ 0 replies \ @cryptoquick 10 Apr \ on: supply is quantity? nope antifragile
"So the fixed 2.1 quadrillion bitcoin, doesn't make it valuable."
This is what's called a non-sequitur.
It sounds like the transactions need to be made atomic, as they would be in a PSBT swap. Then you can get rid of escrow.
I'm a technologist and I'm not in it for the tech.
It was never just about the technology.
It's also not a get-rich-quick scheme.
Bitcoin is an idea, that we don't need authorities to have electronic cash.
We do build some mighty fine tech, tho.
To an extent... There's the new Manifest V3 proposal that locks things down a bit more. The major problem the author seems to have is, code on webpages can always be updated. This is particularly relevant in this day and age where JS single page apps have thousands of dependencies, and if any one of those are compromised, an attacker can exploit the supply chain and inject malicious code into browsers that reveal secrets.
He does point out that extensions help mitigate against this a bit, since extensions are explicitly versioned and distributed from an authority that can sign that specific code. This is marginally better, but extensions will also update without user knowledge or intervention. This cuts both ways; if a critical vulnerability is found, it can be nice to rush a fix out, but there's also the problem that an attacker can exploit this also, and for a period of time, their exploits can automatically update in every running browser.
I would say Bitcoin uses crypto. secp256k1, ECDSA, Schnorr, ECC, SHA-2, CSPRNG, HMAC, AES, that's crypto.
Let's see... Reward, 4% in kind, after a year. Risk, earning -100% yield. Sounds like a pretty straightforward decision to me.
lol at the people pushing >25%... Are they not aware of what a ponzi scheme is? ngmi.
This is collectivist nonsense. I'll use language however I please. What other groups of people do is not my concern.
As a gay Bitcoin maxi, I really would prefer you didn't make that comparison...
I might also add, any straight man confident enough to meet women while carrying a rainbow umbrella is very likely gonna do fine.
I agree with you, but there's nothing wrong with Bitcoin maximalism, it's okay to be toxic to scammers, and to do one's best to teach people the difference Bitcoin and literally everything else.
Of course it is. It is for anyone who uses words to decide that. Unless they're being coerced otherwise for some reason. Then, it is not their decision, but someone else's. But I don't abide by that kind of thing, so, who else would you rather decide?
Agreed! I first started using "cryptoquick" in 2005, and registered the domain, cryptoquick.com, in 2009, and I hadn't heard of Bitcoin then. I wasn't working with cryptography at the time, it just sounded cool. But now we have these affinity scammers calling Bitcoin a cryptocurrency, yet Satoshi never used that term in the whitepaper. I'm down with putting the entire term "cryptocurrency" to bed, and calling everything that claims to be a "Better Bitcoin" a fucking scam that is stealing people's money. Do people make their own currencies with good intentions? They can certainly say so, and people can think that, but there's no way to know that's true. What I do know is true, what is cryptographically proven, is that Satoshi never sold his coins, but all the other scammers making their own scamcoins did so. That's what's called a rugpull, a bait and switch, an inflation scam. Scammers don't need to take your coins to have your money if they can just premine and dump on unsuspecting retail investors. People say, "it was voluntary", but that's just blaming the victim, saying "they should've known, should've done their research." We should be blasting the scammers instead. So, I get the vitriol against it, I'm very sympathetic. But why should I change when they're the ones who suck?
Anyway. Next time someone asks if I'm "buying crypto", I'll say, nah, I only use Free Open Source cryptography.
Thank you! Yes, BitMask is our first mainnet release. It was also our most complex and ambitious yet, and I think it pushed everyone on the team past their limits. Some time off is hopefully in order soon.
I just kind of assumed, do you know how I can run my own trampoline routing server? And where I can change that in the mobile app build? Was looking through here, but nothing obvious jumped out at me:
https://github.com/ACINQ
damn straight, @bitgidie