Your Bitcoin / Somebody else's Bitcoin
How can users find out who runs a fractional reserve before they get rug pulled / exit scammed?
What is your opinion about the ability for the Mint to issue more eCash tokens than they can back with real Bitcoin?
Buying Monero today for 0.001984 BTC. Is it a sign?
And the ones who convert their bitcoin into Monero now because bitcoin is being hijacked by the system and will not give us freedom are even smarter.
True, there is a correlation between former and the latter group.
Most will understand that only when they have to connect their digital id to their utxo's and custodial wallets.
caps lock key still broken dude, CAPS LOCK KEY STILL BROKEN
This is the narrative which is more than a decade old now.
A 12tb harddrive costs 120$ now, Internet speed is 10-50x faster. There is no point running a node on a raspberry pie for $50. A single transaction has cost more a couple weeks ago.
Instead of increasing the blocksize to a reasonable size, adapt to the technological progress we have a chain which forces users into custodial wallets, which are not decentralized at all. It is paypal on bitcoin, no progress, no privacy, no control over your coins.
The blocksize limit is destroying everything what bitcoin was made for. It was supposed to be a p2p currency and to replace banks. Now we have Bitcoin Banks. Fuck that.
Monero.
yea in hindsight, looks like they were right about many things.
yea in hindsight, looks like they were right about many things.
yea in hindsight, looks like they were right about many things.
You are right, they dont pay most of the Core developers. They paid the most influential ones at the time of the Blockchain wars though and it seems that this cemented the blocksize limit as the golden cow.
Im also not a fan of huge blocks, but a blocksize upgrade to 10mb or something would solve most problems for now, also self custodial lightning would be easier if fees were lower.
The current limit is treated like a golden cow which can not be touched even though we have much faster internet and much larger storage capacity than 13 years ago.
Sad to see that so many people get onboarded to custodial lightning wallets which is just paypal on bitcoin, no privacy, not your coins, not your keys. Just a bank with a different name.
True. And Monero is what Bitcoin meant to be.
I agree, i also believed many small block arguments back in the days. almost 10 years later it looks different to me.
Small blocks are now kind of a religion and one can not deny the fact that Blockstream benefits from the flaws of Bitcoin.
With improving my life, i did not mean crypto.
thanks for the hint but i likely focus my attention on something which can improve my life.
if satoshi is adam back, why would he support creating something completely different out of Bitcon than what was originally planned?
do you have a source?