#Bitcoin is publicly electronic CASH and transactions create new "bitcoin bills" called UTXOs. This creates fee and privacy concerns worth studying.
Aloha Friday 🤙
She brought out her bedroom voice to ask that question 😂
Massive new demand for *treasuries
Thesis is that maybe tether is their CBDC appetizer. It currently gives much of what a CBDC aims for but has an added benefit of creating massive new demand for the dollar
I don't know about USDC but tether announced onboarding the FBI and chainalysis and freeze wallets on ofac sanctions list
Do they currently not surveil, censor, or seize tether?
Let me know when it exists and i will book a flight to play a game
What would a #CBDC do for the US government that they can't yet do with #USDT or #USDC? 🤔
#asknostr #bitcoin
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You reference a link in the description. What is that link?
Great stuff Nat!!
He told a story of seeing Kamala whisper "just sign it" into Biden's ear and while believable, it's too strong a claim to not backup. The only thing I could find was this clip. Can you ask Col. Douglas Macgregor if there's a more credible source?
https://rumble.com/vm3bph-joe-biden-says-he-doesnt-know-what-he-is-signing..html
maybe this helps: A summary done by https://venice.ai
The main issue discussed is the growing divide between those who can afford Bitcoin fees (A group), those who can afford UTXOs but not often (B group), and those who cannot afford either (C group). While solutions like Lightning Network help the B group, there's no clear answer for the C group. Various approaches have been tried or proposed, such as moving people into the B group, locking up funds to cover fees, or grouping people together. Two main approaches remain: grouping people through community cooperation and relying on incentives.
Grouping people can work within a community, but it's subject to ghettoization if the coordinator exploits the system.
Relying on incentives involves schemes like e-cash mints, single UTXOs held for multiple people, or more ambitious proposals that align incentives against dishonest coordinators.
The importance of making Bitcoin more expressive is highlighted, as this can lead to better solutions. Overall, finding a solution for the C group remains a significant challenge requiring further research and development.
Can you make it a little shorter?

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