Almost all Monero users are former (and still) Bitcoiners. They just chose evolution instead of stagnation.
What a pain in the ass. All of this just because you want to pay for something?
Because it will collapse if it is not being used. Then there is no NGU anymore.
If yāall want Bitcoin to stay purely a monetary protocol- then start fucking using it as money.
Before you read this take, know that my ideal scenario is monetary protocol only. Also know that I think itās fucking dumb that nostr:nprofile1qqs8fl79rnpsz5x00xmvkvtd8g2u7ve2k2dr3lkfadyy4v24r4k3s4spremhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet59uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tc9vz57s got silenced for expressing a valid concern.
Here we go:
Hodling, sitting and waiting for NGU do NOTHING to increase long term demand for blockspace- which, in case you didnāt know, is needed to secure and stabilize the network once the block reward dwindles. This is what most people in Bitcoin do, unfortunately. This is why we started Conduit and why Iām personally hyper focused on marketplaces: if we can make global Bitcoin circular economies then thereās a chance this thing becomes self-sustaining and the phase change to zero block reward doesnāt result in fucking chaos.
So far, Nostr is the biggest circular economy here, and hate to say it, but since itās all happening on Lightning we are barely moving the needle for base chain settlement demand. Surprised about empty blocks? Iām not.
Do all of you who disapprove of Core devs approach to increase block space demand actually use the blockchain for anything besides UTXO management when fees are low? Are you building anything that increases block space demand for monetary use?
nostr:nprofile1qqsve2jcud7fnjzmchn4gq52wx9agey9uhfukv69dy0v4wpuw4w53nqpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqpp4mhxue69uhkummn9ekx7mqx7hhq8 is not stupid. Heās been writing about long term instability for years: https://petertodd.org/2022/surprisingly-tail-emission-is-not-inflationary
Important quote:
āTo date no proof-of-work currency has ever operated solely on transaction fees, and academic analysis has found that in this condition block generation is unstable. To paraphrase Andrew Poelstra, itās a scary phase change that no other coin has gone through.ā
He also created Opentimestamps which is severely under used in my opinion (NIP 03 would enable so many great features for a decentralized social protocol).
Neither is nostr:nprofile1qqs0w2xeumnsfq6cuuynpaw2vjcfwacdnzwvmp59flnp3mdfez3czpsprpmhxue69uhhyetvv9ujumn0wd68y6trdqhxgef0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7wrtw00 stupid. Or anyone else involved in the current drama. Theyāve probably thought this through more than most.
You think these people are evil and donāt care about Bitcoinās long term health? Think again. They are being practical and doing something about the blockspace demand problem.
You donāt agree with how they are going about it? Then build something that increases demand for block space in the way YOU want it.
Or run Knots. Thatās a great and valid way to express that view. I support it. But make sure youāre prepared for the consequences if you win this war (stay sat flow positive)- and probably consider using the base chain more, or participating in the Bitcoin circular economy (which means spending Bitcoin).
I find it funny how so many people here celebrated big money and big government when it came in and are now surprised these same parties are taking action to protect their investment. If you donāt do it yourselves, theyāll continue to do so for you.
Fully agree with you. But i also do not use BTC as money anymore, it just sucks as money, big time. Lightning also sucks big time when you use it self hosted, channel management etc.
Monero is so much better as money, BTC has no chance if it does not evolve. There is no advantage of using BTC as money. Only downsides.
Sad but thats the reality.
Bitcoin is a good start - but a transparent ledger can and will be misused against us by the ones in power.
Teach kids about Monero too. Privacy is vital in their digital life.
Wen Monero support Sir?
Looking forward to hear you talking about Monero, Ross!
using bitrefill is not using bitcoin, pretty obvious no?
famous last words.
Is this "separating the money from the state"? asking for a friend.
You got blocked because you should attack ideas rather than people. You need to work on learning how to engage in contentious conversations in good faith.
FYI my investments are all disclosed on my web site https://lopp.vc which tells me the outrage is not genuine - no one actually bothered to look.
how was that an attack on a person?
if you dont use bitcoin, you change nothing.
So, 95% of todays NGU Bitcoiners and Saylor Fanboys are the enemy?
many OGs are doing exactly that.
CD156: EVAN KALOUDIS - ZEUS AND CASHU
- nostr:nprofile1qqszmxrnkfdl9hdxzstgf4zdt6mk4avlzemc3fvwxcatzeclalhg0uspr9mhxue69uhhxetwv35hgtnwdaekvmrpwfjjucm0d5q32amnwvaz7tm9v3jkutnwdaehgu3wd3skueq0gen8q
https://cdn.satellite.earth/83c60d05b58c2eaa59da3c5d4e6eba9725e27a18c6d511c91f3f667b2935dfc1.mp4
The more i listen to you, the more i wanna convert BTC to Monero.
Ukrainians (most likely) assassinated a Russian Major General at his home near Moscow yesterday, yet another in a long list of assassinations of Russians (e.g. the EW warfare expert, Yevgeny Rytikov, killed with a car bomb earlier this week).
https://video.nostr.build/704010ad864830f584cc6608ec58e537e07921e56cc3fbc00819feab058d20a9.mp4
One interesting detail: the assassination seems to have been done with an IED made of grenades planted in car they parked on the street outside his apartment, probably triggered remotely with a webcam. Not all of the grenades exploded at once, which meant that after the first explosion, additional secondaries kept on happening.
Now think about it: suppose the general had only been wounded, not killed. A stream of secondary explosions would discourage anyone from getting close enough to help, maximizing the chances they he does in fact die. Smart.
https://video.nostr.build/88fb9144d589a0ad281008e25cc23f323022c509a9e16f7a2fbc94e422adf010.mp4
Russia does follow-up "double-tap" air strikes all the time on Ukrainian civilians to try to kill rescue crews. Using a similar tactic on Russia for assassinations is more than fair.
Killing random innocent people to retaliate the killing of random innocent people.
Absolute fairness.
