I'm fine with nonmonetary transactions if they want to pay for the blockspace. They'll get priced out of the base chain eventually anyway. But I do worry about what Kratter and Mechanic are currently arguing, that this means we'll all have to store and relay arbitrary 100kb files, including illicit / evil stuff. I fear we could be putting node runners at risk for very little benefit.
https://fountain.fm/episode/vNS3UnEX1NMhmngvCl9m
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The greater fool theory kills me. Someone decides to store value by hanging on to something with good monetary properties. Over time, he does better than someone holding onto something with worse monetary properties. Other people follow suit and the good money obtains a monetary premium and goes up in value. This doesn't require anybody to be fooled about the nature of the money. It would be foolish to not adopt the better money.
https://fountain.fm/episode/NYnqsqd7mDA2Irs4UdTp
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I don't understand what Jack is on about wih debasing the dollar against Bitcoin and not against housing and eggs. Surely you don't get to choose. Stablecoin liquidity into Bitcoin doesn't get locked into a box. The person you just bought Bitcoin from now has dollars with which to bid up housing and eggs. Debasement is debasement. What am I missing?
https://fountain.fm/episode/dx7ZCbuFd02B2WNHw5t0
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"Microstrategy but with ETH" sounds like a hilariously bad idea. Like something you would suggest as a joke.
https://fountain.fm/episode/kXECvtVUz0YchqJwYojt
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I saw Saif take some flak for saying that, but he's right. If your business model relies on bitcoin never dumping again, you're gonna have a bad time.
https://fountain.fm/episode/wAEPrSdJaSN6sBoXPiyc
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"That can change quickly" aged well. Great rip.
https://fountain.fm/episode/3e1qizjW8iQ1eMOvK8yP
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The back to back WBD episodes with Shinobi and Mechanic were interesting because both sides sound completely reasonable while making the other side sound unreasonable. I don't know where I stand on OP_RETURN but I guess more people on Knots is good for decentralization. Thanks for the balanced coverage, Chris!
https://fountain.fm/episode/AOzP3E36q3uaYd7A1yBC
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