Oh god, I hope they all stay away, I can't handle that many feet
And you're much less likely to waste money on crap you don't need when you price it in sats - can't understand why environmentalists hate bitcoin - using hard money is the best way to prevent overconsumption
And have to fly our own spaceships, that's fucking ridiculous
How do I hide #footstr notes?
Then that's the way it goes.
If using a particular tool allows you to outcompete those who don't, then those who don't become economically irrelevant and eventually die out.
No different to using Bitcoin and outcompeteing nocoiners. It's evolution.
Presumably to try and break lightning privacy
#[0] run
#[0] recommend
Only you can decide
Banker/gov monies are shitcoins also, there's no clear distinction between what is money and what is debt.
Best metric is bitcoin mined : gold mined
But if a nation state did it with seized bitcoin (e.g. they thousands of silk road coins the US gov has) couldn't they just create a billion small utxos and break all our nodes?
Is bloating the utxo set the most effective way to attack Bitcoin?
Yeah, but only 69 days left.. it will probably all happen on the last day: https://usd.rip/
Caitlin covered this on a recent podcast with Laura Lin and Meltem, but this is the point most people seem to be missing. The velocity that FedNow could enable could be catastrophic to banks.
The lack of reserves + instant transfer could cause bank runs that make SVB look tame. Any move that banks make to limit this velocity will immediately trigger people to scream CBDC lockdown, which they are already looking for, and that could cause a collapse in trust for that reason.
It’s going to be a fascinating shitshow.
https://twitter.com/caitlinlong_/status/1643969160278573056?s=21
Don't see how, if it became a problem they could just rate limit it or block money from leaving certain banks. It gives them more control, not less.