0 sats \ 0 replies \ @sp 13 Mar \ on: Something expensive worth buying meta
I purchased a second-hand 2015 Wrangler for $7k and I put $20k of special parts to make it the ultimate zombiecar
Technically it's called scope creep, and it's due to very poor product management practices. Plenty of articles explaining why it happens - the bad news is that you can't do much about it, just ditch these shitty products and use something else
It's at least ten years the mainstream narrative has been pushing this FUD - sort of "Operation Mockingbird," but for Bitcoin.
And I wouldn't be surprised if the narrative goes all the way down some form of McCarthyism, and whoever holds bitcoins become an enemy of the State.
Countless people I successfully orange-pilled sold on some news that Bitcoin is dead, and a large number of them bought shitcoins following the made-up narrative of "not wasting energy" or "differentiate."
But I have good news for you: they all came back. 2022 was the worst year ever for any form of financial wealth, and was the worst year ever in terms of trust in governments worldwide.
I have two movie quotes:
- "You have to understand; most people are not ready to be unplugged.”
- "The more you tighten your grip, Tarkin, the more star systems will slip through your fingers.”
I am not unplugging people, I'm building emergency exits.
This is helping me to improve the messaging. In one of the first passages:
make your time special and more valuable.
So the money leverage increases the value of the same unit of time.
"Leverage" in our fiat world is a very specific term involving the use of debt, which has nothing to do with my point and Bitcoin in general.
Images and illustrations for "leverage" show Archimedes' "lever" - while images and illustrations for "lever" are what you use on your bike to slow down.
As mentioned right before it, there's a "cognitive dissonance" problem. In their mind, the Dollar or the Euro will never suffer debasement - not because it cannot, but because they won't allow themselves to believe it
Appreciate the effort to leave your feedback. Would you elaborate, in your own words, on how the message should improve?
Let's look at the silver lining: all ETHheads adopting Casa will be only one QR code away from stacking bitcoins when the time comes...
Do you need to build a service? Or Deezy works in this case? https://deezy.io/
Yes, for safer LN custody, unsure if some hardware device would make sense, given the transactional nature of it.
It will probably need some smart-phone enabled process, potentially compatible with VLS work https://vls.tech/
I like the BoltCard concept, maybe with some additional checks
Yes.
I can't see how it will survive the regulatory capture forcing some
KYC=1 flag in the account to have transactions approved by block producers.
Maybe some people will be able to fork it - good luck with UASF initiatives if full nodes can't even be synced on a workstation-spec machine (see this article by Jameson Lopp)The steelman argument here is hoping they make it without more drama - with all customers getting their money back. This would set a precedent that even the worst crypto casino can get out of trouble without the bailout of governments and central banksters.
Of course SBF and his fellow directors will have to pay
Speaking of which, what's the point of having tx relay checks then? If not proactively adversarial, the mining pool operator might have been running a non-standard node. Would you be happy to provide them with your hashpower?
Plus, wasn't everyone blasting Faketoshi/Wright on Twitter for not understanding the relay consensus rules?
According to Roasbeef (and confirmed by Sipa), the transaction was non-standard and required an adversarial mining pool to make it into a block.
The question is whether the mining pool was cooperating to broadcast this transaction or was running a "custom-made" client that won't do the expected checks before including it into a block (which is, in a way, questioning the point of blaming btcd).
(Nevertheless, I agree with Peter Todd position)
If you mean in USD, it will inevitably go up - because of rampant inflation.
On the other hand, I doubt you can see the same numbers in places like El Salvador, given their average income and living costs.
There's also a risk of sampling bias, as I doubt that Lightning_over_River is used as much as Visa & Mastercard at retail/brick_and_mortar stores - and the opposite, where Lightning might be used primarily online.
I couldn't find why it needs new opcodes when Taproot is available (as also proposed by Del Bonis earlier this year, mentioned in the article as well).