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InigoBTC
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You kill my monetary value, prepare to die.

You had me at tax free and capital gains free.

What I’m not so keen on is the bit where the federal government gets to pocket half of the upside.

Why wouldn’t I just stay humble and stack into cold storage?

Replying to Avatar Dimi

As someone who’s worked in infrastructure engineering for 25 years, this hits right in the feels. 🤣

Have you considered only unanimous regulation? By making the barrier to regulation above say, 85 percent of market participants - you would allow for sensible regulations that everyone agrees to, whilst eliminating the possibility of regulation by the few aimed at moat protection.

Hey thanks dude! That was my first ever zap!

Great news! Now I’ll have to reconsider my Gamma mining into a pool for that sweet .05c per day profit!

The same can be said of the internet at large. The brilliance of this insight is that resilient systems designs operate well under a variety of system degradation conditions.

Curious if you are aware of any resources discussing the business / market opportunities of running a Cashu mint? I spent some time looking up ways I might provide a mint service to my local community, but only really came across general ā€˜the benefits of ecash’ type content.

I would advise reworking the logo such that there is no longer a direct suggestion that imbibing the product would lead to an untimely demise.

Just that unless you specifically chose to opt out, the default behavior will be to mix your low threshold transaction for privacy.

Replying to Avatar Ava

me: monero is an awesome addition to bitcoin (it is), one for stacking, the other for private spending

the church of satoshi nakamoto of latter-day bitcoin saints:

#m=image%2Fgif&dim=360x360&blurhash=U7B%7By6JC00%7D%40MKIpPV-U%25N%24%23MxIo0Ls.%5EkI%40&x=7ca64596798d52d8d04e9a72fae20d32b7d94772c643af46a71cbdf5c551782f

lol. not saying this about everyone, love my bitcoin fam, but it needs to be said that the 'toxic btc cult' reputation seems well earned for more than a few of you.

it's generally the one's who just parrot blanket 'btc is the saviour, everything else is a shitcoin' statements, don't speak with their own words, link to sources they don't really comprehend, think nostr is private, only recently learned why they need a vpn on the internet and don't actually understand how all this privacy stuff works.

harsh? yes. so have recent comments been. bring it. love the free speech.

again this is not for most of you #plebchain. most of you have level heads and still love bitcoin. i am an avid bitcoiner, but i don't drink the cool-aid and ignore it's shortcomings.

bitcoin is about freedom. privacy is essential for freedom. it is complicated to have privacy on a public ledger. bitcoin is an awesome store of value, but it needs a 2nd layer for greater privacy and to solve the fungibility problem. lightning is maturing. cashu is also maturing. monero solves the spend issue now with privacy baked in on a protocol level. it is currency. it's meant to be spent.

#cybersecgirl #privacytechpro #bitcoin #monero

I’d rather see bitcoin push for native privacy guarantees without the need for another chain. Something like first class mixing for all transactions below a certain utxo threshold. Opt in by default at the protocol layer.

Btc needs to remain auditable, otherwise nobody will feel safe that additional coins haven’t been created beyond the guaranteed 21M limit.

Before you all pull out the pitch forks and torches, let’s be reasonable and wait for official comment from Corey and crew. There may be a perfectly reasonable explanation behind this.

#Bitcoin ers are building the culture by which humanity will thrive for the next 1000 years.

Replying to Avatar Jack K

Fundamentally, quantum mechanics has been a language problem since discovery. We haven’t had a ā€œlanguageā€ to actually understand and communicate it until bitcoin; which describes the relationship of energy, information and time. Use Bitcoin as the lens to think through.

What physicists call a qubit has an identical nature to UTXO. In both, energy is fundamental.

Superposition: UTXOs are in a constant state of spendability (0 or 1) and their state is unknown until blocks are mined; only probabilistic.

Entanglement: A single UTXO can be sent to infinite addresses, split innumerable ways, can interact with any other UTXO and can interact with UTXOs from different times. Remember, all UTXOs exist in the past except the ones in the present block.

Measurement: Mining is the measurement of hashes per valid nonce and the measurement collapses the indeterminate block config into a single deterministic verifiable state. This also sets the direction in quantum measurement (which UTXOs become spent and which remain unspent)

UTXOs persist indefinitely through time; it appears Satoshi solved decoherence 16 years ago. Again, it’s a language and expectation problem. We are told QM is too complex to for us understand, trust the physicists.

The ledger is the ā€œtimespaceā€ (history from Genesis) and the current block is the ā€œspacetimeā€ or the present.

Given this context, is it possible a UTXO is a qubit? What properties is a UTXO missing to be one?

What effects could centralization have on a quantum system? (Think Bitcoin, ownership, nodes, mining)

What is more important for a quantum computer to compute than perfect money and a shared equal reality with no singular observer?

This is an awesome vehicle by which to draw comparisons between the odd behaviors of quantum and relatable classical systems.

I don’t believe however they are the same thing. Bitcoin is a complex system that just so happens to emit similar emergent properties as quantum.

Where things break down are in the details. Like where actual entangled particles can influence each other from infinite distance.

I read through the proposal last night, it was not only very well written, but was comprehensive in its telling of the problem against the backdrop of possible solutions. Trade offs are always going to be front and center, and it was nice to see them addressed directly.

The detail and care that went into the risks associated with the prior epochs coins present a well grounded schedule of concern for action.

Very well done across the board, bravo.

Every man needs a well curtained den of iniquity in his living room.