Why older addresses should be taxed higher? I don't see the logic here. Beauty of Bitcoin, imho, is that you pay same amount of transaction fees whether you move a quarter of it or 100. As well whether you move a decade old coins or freshly minted.

This is more than important to note. It takes curiosity as well. Easy to go by the flow and just believe something is what it's said to be.

Honest question as I struggle a lot - how do you seem to have so much time to post all the time and do the great things you do?

Sir, I liked your show. Interesting points. Just stumbled upon this movie as it seems to be shown in my country and I'm curious about your take on it. Have you heard about this movie? https://www.youtube.com/watch?v=pUsPt_xUt7I (Atomic Bamboozle: The False Promise of a Nuclear Renaissance)

Thanks for sharing it with me. I'm always curious to know why Bitcoin thought leaders won't use the rails of Bitcoin.

Make 'em! 😆 Okay, I understand. Is the receiver end located in an area with Bitcoin offramp?

But why don't you just send Bitcoin?

Cut out the middle thieves.

It's cool

A drive chain is a proposed technology for the Bitcoin ecosystem that would allow for the creation of separate blockchains, known as drivechains, that run parallel to the main Bitcoin blockchain. These drivechains would be able to experiment with new features, enhance scalability, and explore innovative use cases while leveraging the security and network effects of the Bitcoin ecosystem.

Drivechains would be created using a process called "pegged sidechains." In a pegged sidechain, bitcoins are locked on the Bitcoin blockchain and then minted as new tokens on the sidechain. These tokens can then be used on the sidechain for whatever purpose the developers of that sidechain want.

To move bitcoins back to the Bitcoin blockchain, the tokens on the sidechain would be burned and the bitcoins would be unlocked on the Bitcoin blockchain. This process would be secured by a two-way peg, which is a mechanism that ensures that the number of bitcoins locked on the Bitcoin blockchain is always equal to the number of tokens minted on the sidechain.

Drivechains have the potential to address some of the challenges facing Bitcoin, such as scalability and limited functionality. They could also be used to create new applications for Bitcoin, such as decentralized exchanges and smart contracts.

However, drivechains are still a proposed technology and have not yet been implemented. There are a number of challenges that need to be addressed before drivechains can become a reality, such as the security of the two-way peg and the governance of drivechains.

Overall, drivechains are a promising technology that could have a significant impact on the Bitcoin ecosystem. They could help to make Bitcoin more scalable, functional, and innovative. However, there are still a number of challenges that need to be addressed before drivechains can become a reality.

Here are some of the potential benefits of drivechains:

Increased scalability: Drivechains could be used to increase the scalability of Bitcoin by offloading some of the transactions to the sidechains.

Enhanced functionality: Drivechains could be used to add new features to Bitcoin, such as smart contracts and decentralized exchanges.

Increased innovation: Drivechains could be used to experiment with new technologies and applications for Bitcoin.

Here are some of the challenges that need to be addressed before drivechains can be implemented:

Security: The two-way peg must be secure in order to prevent fraud and theft.

Governance: There needs to be a way to govern drivechains and ensure that they are used in a responsible way.

Adoption: Drivechains will need to be adopted by developers and users in order to be successful.

Overall, drivechains are a promising technology with the potential to significantly improve the Bitcoin ecosystem. However, there are still a number of challenges that need to be addressed before drivechains can be implemented.

I don't have enough time to go through the feed with couple of hundred people. So I choose to get less content, but from people I use to follow on the previous holy grail of Bitcoin related knowledge. Is there any service that populates your posts automatically from different SM platforms to nostr?

Blockstream's Bitcoin satellite service aims to increase the robustness and accessibility of the Bitcoin network. Here's a summary of the service, along with its advantages and disadvantages:

Summary:

Blockstream Satellite broadcasts the Bitcoin blockchain from space, allowing anyone with a satellite dish to receive Bitcoin block data without the need for an internet connection. The main idea is to make Bitcoin accessible in regions without reliable internet infrastructure and to provide redundancy for the Bitcoin network.

Advantages:

Accessibility: It enables people in areas with limited or no internet access to participate in the Bitcoin network.

Redundancy: Even if parts of the internet are shut down or censored, the Bitcoin network can continue to operate, ensuring its resilience.

Privacy: Using the satellite can provide an additional layer of privacy, as users don't need to connect to the traditional internet to receive blockchain data.

Fixed Cost: Once the satellite dish and equipment are set up, receiving data is generally without ongoing costs, as opposed to internet data plans which might charge by the amount of data used.

Disadvantages:

Initial Setup Cost: Users need specific hardware, including a satellite dish and a receiver, which might be expensive or difficult to obtain in some regions.

Technical Complexity: Setting up and pointing a satellite dish, and configuring the necessary software, can be complex for users without technical expertise.

One-way Communication: The satellite service is primarily for broadcasting data. If users want to make a transaction, they'll need another way to broadcast it (unless combined with another service like mesh networks).

Coverage Limitations: While the satellite network has extensive coverage, it doesn't cover 100% of the Earth's surface.

Potential for Centralization: Depending on its usage and reliance, it could introduce a central point of potential failure or control. Blockstream is the entity behind the satellite, and over-reliance could theoretically introduce risks.

In conclusion, Blockstream's satellite service is an innovative approach to increasing Bitcoin's robustness and accessibility. It addresses some key challenges in Bitcoin adoption but also introduces new challenges and considerations.