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1 sat \ 0 replies \ @raw_avocado OP 17h \ parent \ on: 10,000 Bitcoins for a mining client bitcoin
Well yeah value of something, is just the price of it at a moment t in a market.
Thats exactly my point.
What I was criticising was "People didn't realize true value of Bitcoins", that was the true value at that time.
There is no such thing as true value of anything.
10 sats \ 0 replies \ @raw_avocado OP 20h \ parent \ on: 10,000 Bitcoins for a mining client bitcoin
Haha, absolutely.
The question is what are those things that are happening today? :D
YW.
They realised it very well.
Bitcoin was a dinky science experiment that had a very low chance of succeeding.
And the value of something is what someone else is willing to pay for it.
Don't say it is excellent until you see it :P
As I said in the tweet, recording voiceover and looking for sponsorships, when these are done.
I don't have an ETA, I don't think anyone could estimate how long things like this take. honestly.
Did you know BIP39 had a 5th author who removed himself?
Thomas Voegtlin(creator of Electrum) removed himself from the authors after multiple disagreements with the BIP39 design.
If you are not aware there was quite a bit of drama on the Bitcoin mailing list around '13 when the standard was being proposed.
For context, Electrum was the 1st deterministic Bitcoin wallet that allowed for a BIP32 seed to be backed up into 12 words, and then came BIP39.
In all fairness BIP39 was kinda rushed, and even though valid criticism was provided regarding it's shortcomings, they were ignored.
Electrum has its own backup scheme that supports versioning & is not dependent on a dictionary, vastly superior IMO.
I 100% agree.
Btw I suspect this was where everything went down hill :p
"Two years ago I proposed exactly this and you refused to add extra information to mnemonic, because "it isn't necessary" and "it makes it longer to mnemonization". What changed since then?"