The funny thing about the ordinals and now the fucking shitty runes, is the amount of unspendable dust they are creating, it's a shame, it's a total disrespect to Bitcoin.
Is anyone still surprised given the huge amount of money needed to mint this shit that certain groups of miners are not behind it?
And will there still be people who are also surprised that behind all this shit is also the hand of the CIA?
All attacks constantly
What info you got on the CIA angle slick?
#AskNostr
When something makes absolutely no sense from an incentive perspective think CIA. They do this kind of stuff constantly because they think they can control the world 🌎. Remember their name is “Central”. There power diminishes greatly with decentralized systems! Opt out!
Why is this bad? It is like a donation to all the people that hold bitcoin. So your bitcoin are worth more. The "attacking" miners are subsidizing the honest miners this way. Also dust amounts are easily filtered in the UTXO set. The only downside is a temporary spike in fees. If this is an attack, it is a badly thought out attack.
It's more WEF. Whitney Webb's awesome 'Unlimited Hangout' podcast sheds light on how the WEF spawn and incentive private companies to operate outside the law to sabotage projects such as Bitcoin. Some of these companies even front themselves as open source projects.
Link to Webb podcast?
o.O?
https://podcastindex.org/podcast/2489595
podcastindex is pretty good
Imma try find it for you.
Might take a while tho... I found 'Unlimited Hangout' around christmas, and spent a few weeks running through Whitney's back catalogue ofepisodess in reverse chron order... so the guest and release date don't immediately spring to mind XD
> The funny thing about the ordinals and now the fucking shitty runes, is the amount of unspendable dust they are creating, it's a shame, it's a total disrespect to Bitcoin.
Bitcoin is incredibly well designed or so I hear.
> And will there still be people who are also surprised that behind all this shit is also the hand of the CIA?
Also Bitcoin is decentralized and also stick it to the man. Or so I hear.
Miners are pretty happy for it, but if they are subsidising it, it has a real cost when someone else mines a block. This is unlike NFT mints giving 'millions of dollars' worth of NFTs to celebrities. It is short sighted because in the long run it is going to drive more custodial approaches. I think ETFs are more likely to be behind it to drive down self custody.
Part of me wonders if this is some 4D chess played by court jesters to make a point of pain so that users are accepting of a scaling solution.
Bitcoin is perfectly designed to withstand this nonsense. Ever Sat they trap in dust makes your Bitcoin more valuable. PV
I can anticipate anti-btc people saying there wont be enough liquidity somehow for global adoption. Idk how to analyze that kind of stuff to prove/disprove it. Is this something someone worked out?
There 2.1 quadrillion satoshis. Which is oddly enough, I believe, roughly how many cents are in existence.
It's like the Joker in the Dark Knight when he's burning the money.
