Do you think bitcoin should be used for monetary transactions?
Use bitcoin for monetary transactions, then.
Discussion
These are the projects pushing this vision forward.
Not these "anti-spam" LARPers.
Amen.
There is a group who believe bitcoin should be used for capital leverage.
That group is boring and should have stayed in TradFi. 😅
Let’s not make it harder to run nodes. Let’s make it easier for low bandwidth, low income people to run nodes. v30 does the opposite.
Nonsense.
correct, if anything it makes it easier to run nodes, assuming they are correct that op_return spam will increase. This will lead to smaller blocks.
How will it lead to smaller blocks?
op_returns don’t get the witness discount. If people started spamming them the total size of the block would be smaller (up to 1mb) compared to a potential of 4mb for txs that get the witness discount (inscriptions, segwit txs, etc). The utxo set would be smaller as well since op_returns are provably unspendable so they can be removed. All of these things make it easier to run a node: slower growth of disk space requirements, quicker validation.
Not saying that blocks full of these would be a good thing, just saying they wouldn’t make running a node harder, it would make it easier.
What's nonsense? I feel like missed something. Granted have been working a lot.
Yep. That’s the great part about tools, you can use them for whatever the hell you want to use them for.
You're selling something for Bitcoin?
Yes, my labour.
I've been getting paid almost exclusively in bitcoin for about a decade now.
The Genesis Book is also for sale in bitcoin: https://store.bitcoinmagazine.com/products/the-genesis-book?srsltid=AfmBOopMQMCWMFx99bhUwvY6c_Hn-0FKbx7Lb8gISEJzuhJpjklvri_R
No, I use Monero for that.
Bitcoin is better suited for balance sheets, SBR and cold store of value storage.
The only weakness of Bitcoin is that only a tiny number of those who hold it use btc for monetary transactions. In my experience, almost all businesses, while aware of it, do not accept payments with it, and those who hold it prefer to pay in fiat.
Bitcoin is money but somehow some people think it ought to host jpegs and other random shit.
We use it for monetary transactions only.
That is why we run Bitcoin Knots and support the soft fork.
But you and your spam supporter friends who gravitate around shitcoinmagazine seem to really like spam on Bitcoin and the compromised Core v30.
... together with the shitcoiners.
I am using BTC by hodling it. I don't want to buy things right now, I want to save purchasing power. That's a core monetary use.
I definitely don't want shitcoinery and stupid meme jpgs.
Yes, but not directly. I think the Future is It backing various kinds of Bitcoin-backed currencies, like eCash. Those currencies convertable to Bitcoin.
Everyone is different. Thats a good thing :)
Absolutely! I actually used Bitcoin to book a fishing yacht here in Dubai last month. We sailed out near the Palm, caught some kingfish, and paid in BTC , super smooth. If you’re into combining adventure with crypto, check out this fishing yacht cruise in Dubai:
https://www.yachtdxb.com/yacht-packages/fishing-yacht-charter-dubai-cruise-catch/
No cash, no hassle – just sea and Satoshis 😄
Yeah I agree. Part of me just want to accumulate more sats 😂 But I found myself thoroughly enjoying asking vendors if they accept BTC and then paying those that do