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31 sats \ 0 replies \ @satyagraha 28 Jun \ on: Cove vs Bluewallet bitcoin
It's at https://covebitcoinwallet.com/ and appears to be bitcoin and Apple only, no android, no Lightning.
Whichever, he's not completely wrong:
"listening to the same six podcasts host the same dozen guests week in, week out."
Simply Swan Bitcoin.
But this kind of bile could be spewed on titantium.
This raises concerns by elevating "miners" above other network participants and prioritising their interests.
In a peer-to-peer network like Bitcoin, all participants—whether running nodes, validating transactions, or mining—are equal. Core’s focus on “miners’ rational self-interest” and Core's role in “predicting what transactions will be mined” or “speeding up block propagation for expected transactions” oversteps their role as developers.
These judgments undermine the decentralised ethos of Bitcoin, where no central authority dictates transaction validity or network behavior. Core should focus on neutral protocol development, not steering the network to favor specific groups, which risks alienating users and weakening Bitcoin’s core principles.
It's a shame there are some who wish to utterly confuse nomenclature about bitcoin and Satoshis. I vote we don't change it and sats to the dollar becomes a thing.
That's their problem, our solution is to mine, for individual and small scale mining to focus on Bitcoin not the profit from it.
Otherwise the golden goose may be stuffed with ordinalia for the benefit of miners (public profiteers) and die.
The ETFs sure won't kill it
The math, right there in the white paper of Lightning Network, states that block size has to increase to afford every human a personal payment channel.
Perhaps the number of humans could fall.
People thinking trade and speculation are the only/significant use cases.
Bitcoin is a savings technology and one that tests human coordination. If noöne accepts bids, nor undercuts the lowest ask, the existence of price insensitive users will monotonically increase the spot exchange rate.
There are few important bitcoin companies and casinos aren't any of them.
But whatever, it takes to feed Nic's unique and better opinion of himself.
It's not for gain, it is to sustain, otherwise currency rules instead of the people.
When a pool blocks ordinal "theory" spam, my .2 Thash will be there.
0 sats \ 0 replies \ @satyagraha 25 Mar 2023 \ parent \ on: Maybe Bitcoin NFTs Are a Mistake bitcoin
Bitcoin needs mining, it doesn't need more money for centralised profit making miners.
And really, less attention of the fashionable kind wouldn't harm a utility.
Not sure I saw anything "just" about Jack's bounty
I wonder how long your list of features is to grow before it looks just like Github, akin to the way NOSTR is looking more and more like Twitter.
The opportunity for NOSTR is much larger than Github, and Twitter.
It is after all, at core, a signed packet. And packets can do anything.
All kinds of things https://t.me/lnurl/34994
"Steelmanning" something poor Charlie Munger used to advocate, but in his dotage can't do it anymore, or at least not for Bitcoin.
Meanwhile, how come there are so many duplicates on the Telegram feed of Stacker.news?
Holding bitcoin doesn't make me a good person. It doesn't make me a smart person.
Holding is for people who know they're not smart and we're all full of shit in that regard.
Yes, there is disappointing hypocrisy in all corners of human existence and we're lucky that Bitcoin is a roach motel for our weaknesses, once we've set the terms, there's no going back and Bitcoin is effectively immortal. Make a change, most of us will ignore it.
Rules, not rulers, unless it's Ordinal Inscriptions and then, despite the rules permitting it, hypocrites start wanting their opinion of utility respected and their rules obeyed.
An open censorship resistant PubSub/store and forward network, and it's initiator is up in arms and attributing their opinions of a use case to the protocol.
Aye, we're all for our freedoms, but woe betide any that uses those freedoms without respecting our responsibilities.
SBF helped speed up a very necessary purge
That remains to be seen. If Gary Gensler and Maxine Waters disappear completely, then the necessary purge will be complete. Otherwise it's just business as usual.
Before this, perhaps some improvement in the tools for diagnosing channel inactive status.
Actually, not improvement, but existence. Given the whole game is channels that there's no way to get ANY information about the reasons a channel is INACTIVE is a glaring oversight.
Highly available bits would definitely demand methods to determine the health of channels and if they aren't available isolate and identify what the reasons are. Currently there doesn't seem to be much one can do but pray.