I'm pretty shocked by the interest. Equally shocked by those learning to run nodes, and bullish on bitcoin's sound money principles. Not what I was expecting.
10 sats \ 0 replies \ @erresil 8 Feb 2023 freebie
Do you think that Lightning network should improve its operability in order to be accepted by the government?
reply
10 sats \ 0 replies \ @erresil 8 Feb 2023 freebie
Where could I find more info about it?
reply
3 sats \ 1 reply \ @orthwyrm 8 Feb 2023
One thing I like about this space is that it constantly surprises me. I don't think many had FTX collapse or Bitcoin NFTs on their bingo cards this time last year.
I'm agnostic on the whole thing. While I would never buy, mint, or recommend NFTs to others, as far as I can tell there's no existential threat to Bitcoin here. There's been some discussion recently on how nodes don't necessarily have to validate or even download witness data, which if true means bandwidth doesn't get bloated and my node isn't forced into hosting illicit images (while the latter has always been possible, NFTs have kindled a renewed interest in publishing arbitrary data to the chain).
Contrary to the desperate wishes of some, I don't think these things are going away. Bitcoin NFTs will probably trade at a premium because a) They're scarcer due to the famously limited blocksize and b) They're more "durable" than NFTs on weaker chains like Solana.
reply
0 sats \ 0 replies \ @Eximpius 8 Feb 2023
“Theres no existential threat”. Tell that to someone who is poor and wants to run their own node in 4 years if we start getting constant 4MB blocks. Thats 220GB a year or 1GB in 4 years. We are only at 500GB and its been 14 years. There is a threat of centralization if it starts costing to much to run a node.
reply
0 sats \ 0 replies \ @21millions 8 Feb 2023
There is no such thing as "bad advertisement".
Just advertisement.
reply
0 sats \ 0 replies \ @siggy47 8 Feb 2023
Not sure if this is bad news or good. Probably a mixed bag once it all plays out.
reply