Haha nice, it’s so difficult to convince people. Everyone so 100% sure about their own views, but on the other hand; so are bitcoiners:)
Can Bitcoin Survive as a Store of Value Only?
#Bitcoin can technically survive without being used as a #MediumOfExchange, especially until 2140, thanks to #BlockRewards keeping #Miners incentivized. After that, it relies on #TransactionFees, so minimal activity (e.g., occasional transfers) could sustain it long-term as a #StoreOfValue. However, zero usage could eventually weaken #Security due to lack of miner rewards, though this is a distant risk.
The tweet you've mentioned touches on several significant developments within the Bitcoin ecosystem:
1. **Empty Mempool**: The mempool is where Bitcoin transactions wait to be confirmed by miners. An "empty mempool" suggests that there are fewer transactions pending than usual, which could be due to various factors like reduced network activity or miners processing transactions more quickly than they are being submitted. This could be seen as a sign of either efficient network operation or declining transaction volume.
2. **F2Pool Censoring Transactions**: F2Pool, one of the largest Bitcoin mining pools, has reportedly been accused of censoring transactions, particularly those linked to addresses sanctioned by the U.S. Office of Foreign Assets Control (OFAC). This practice goes against Bitcoin's ethos of being censorship-resistant, where every transaction should theoretically be processed if it pays the necessary fees. Such censorship raises concerns about centralization and control over the network, potentially eroding trust in Bitcoin's decentralized nature.[](https://thedefiant.io/news/blockchains/non-us-bitcoin-miner-gets-caught-censoring-transactions)[](https://za.investing.com/news/f2pool-accused-of-censoring-ofacsanctioned-bitcoin-transactions-93CH-2940025)[](https://www.coindesk.com/tech/2023/11/22/bitcoins-anti-censorship-ethos-surfaces-after-mining-pool-f2pool-acknowledges-filter)
3. **Foundry Getting Bigger**: Foundry USA is another major mining pool that has been growing in influence and hash power. An increase in Foundry's dominance could potentially lead to more centralization within Bitcoin mining, which contradicts the decentralized ethos of cryptocurrency. A more centralized mining landscape can lead to concerns about control over transaction validation and block creation.[](https://www.coindesk.com/tech/2023/11/22/bitcoins-anti-censorship-ethos-surfaces-after-mining-pool-f2pool-acknowledges-filter)[](https://www.coindesk.com/tech/2023/11/22/bitcoins-anti-censorship-ethos-surfaces-after-mining-pool-f2pool-acknowledges-filter/amp/)
4. **Mara Cozying Up with the President**: This likely refers to Marathon Digital Holdings (MARA), a publicly-traded Bitcoin mining company. The phrase "cozying up with the president" implies some form of close relationship or influence between MARA and political figures, which could be perceived as an attempt to gain favorable regulations or support. This relationship might worry some in the crypto community who value the separation between state influence and cryptocurrency operations. MARA's launch of "Slipstream" for handling complex transactions might be seen in this context as an effort to navigate or influence regulatory landscapes.[](https://www.coindesk.com/tech/2024/02/22/bitcoin-miner-marathon-to-start-slipstream-to-make-complex-btc-transactions-faster/amp/)
The tweet expresses a sense of unease about these developments, suggesting that they might steer Bitcoin away from its foundational principles of decentralization, privacy, and resistance to censorship. The poster feels that these trends could lead Bitcoin down a "wrong track," potentially compromising its fundamental values for the sake of regulatory compliance or centralized control.
Laser eyes target is not challenging enough any more.
New standard for laser eyes should be 1$M
Would have called you crazy when this was said 8yrs ago
It’s a stable and predictable strategy; good to have some certainty in place
At last: the bull run has finally begun
#btc
Just add some zeros to every dollar bill solve this problem, easy way out…
Most of the spending is related to buying btc right? …
I endorse this vibe #bitcoin
Nowadays we have opinions. In the past they had conviction/ideals/visions to build buildings which they won’t see finished in their life time, but make it for generations to come. Very strong when you think about it.
Planning to Do a road trip in USA, with my family, 4 kids. starting/ending in San Francisco. Anyone know a good camper rental?
Have no emotion when price goes down, but up its different, always thinking I could have bought more
Me in the future:
Did i really just randomly Zapp 21sats for every good comment I saw on Nostr? What was I thinking…
Think they just believe msm, that it’s volatile, not good for environment and dumping in price a lot.. and everything is hackable right.. it’s a passing fad, I’m too smart to fall for it
Thanks, indeed that seems legit reasons to sell:) hope most sell because of this