This weekend I'm going to the Bitcoin film festival in Warsaw and I'll be spending your zaps on alcohol and Bitrefill coupons for McDonald's French fries.
#sorrynotsorry
Did ordinal inscriptions increase the miners’ revenue from fees?
Well, not directly. According to Luxor CEO @hash_bender, the inscriptions only helped in cases where they paid high fees to get into the next few blocks. The ones that pay the mininum fee and wait in the mempool for weeks don’t make much of a difference.
However, ordinal inscriptions do make a difference in terms of increasing the base fee. Other participants must compete to get their transaction mined, so they pay more money for it – and therefore increase the miners’ revenue.
Learn more about it by listening to S13 E7 of the Bitcoin Takeover podcast - now available on Spotify, Apple Podcasts & YouTube 🔥
#luxor #miningusa #miningbitcoin #bitcoinminning #luxormining #bitcoinfee #transactionfee #ordinals #ordinalbitcoin #ordinalinscription #bitcoinsecurity #bitcointakeover #btctkvr #podcast #bitcoinpodcast
Listen to the episode for free on your favorite podcast app and don't forget to subscribe, leave likes & provide any kind of feedback. It all helps a lot!
Special thanks to Wasabi wallet, Cryptosteel, BumBee & ShopInBit for sponsoring!
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https://open.spotify.com/episode/4z03dHEA0hjG8IkCTMOdFR?si=fd8ca8621fab4b1d&nd=1
S13 E9 of the Bitcoin Takeover podcast is now live on Spotify, Apple Podcasts, Fountain & more.
This week's guest is
#[0], who has been in Bitcoin since the days when you could collect free BTC from Gavin's faucet.
In 2014, Martijn became a media sensation for implanting his Bitcoin wallet in his hand as an NFC chip.
And today, he works towards increasing BTC adoption with @generalbytes ATMs.
Check it out! Will also upload the video version for BumBee and Patreon subscribers, while everyone else gets access to it on Friday.
I’ve read that in William Holden’s voice from the intro of Sunset Blvd 😜
After every bull-bear cycle, the volatility of bitcoin gets lower and the resistance to dumps becomes stronger.
In January 2015, BTC dropped to $179. The previous ATH was $1237. That's a drop of 85.5%
In December 2018, BTC dropped to $3196. The previous ATH was $19345. That's a drop of 83.4%
In November 2022, BTC dropped to $15877. The previous ATH was $68789. That's a drop of 76.91%
85 -> 83 -> 77
We're still super early.
Jeff Beck’s “Cause we’ve ended as lovers” is such a masterpiece of a guitar song.
That crescendo gets me every time. It sounds monotonous in the beginning and then it hits you – at first you raise your eyebrows, then your jaw drops. What a piece!
What’s so special about the mempool.space project? It’s neither the first, nor the last Bitcoin blockchain explorer. However, it’s the one with the most intuitive user interface and the most accurate fee estimation.
Or, as Emzy puts it, the perfect middle ground between Blockchain.info (which is too basic and shitcoiny) and Blockstream.info (which is too technical and advanced).
To learn more, listen to S13 E8 of the Bitcoin Takeover podcast – now available on Spotify, Apple Podcasts & YouTube! 🎧
I’m the world’s greatest detective!
What are the odds that someone else creates a BIP39 wallet with the same 12 seed words?
That's 1 in 2048^12.
Or 1 in 2^132.
That number is 115792089237316195423570985008687907853269984665640564039457584007913129639936
or
115 quattuorvigintillion 792 trevigintillion 89 duovigintillion 237 unvigintillion 316 vigintillion 195 novemdecillion 423 octodecillion 570 septendecillion 985 sexdecillion 8 quindecillion 687 quattuordecillion 907 tredecillion 853 duodecillion 269 undecillion 984 decillion 665 nonillion 640 octillion 564 septillion 39 sextillion 457 quintillion 584 quadrillion 7 trillion 913 billion 129 million 639 thousand 936
Bitcoin will replace the US dollar. But which use case do you think will get accomplished first:
1/ Reserve currency via governments buying national reserves to stabilize their economies and potentially back their bonds/paper currency
2/ Medium of exchange thanks to hundreds of millions of people making payments multiple times every day in a circular economy
I could also be starring in the Fast & Furious series alongside Vin Diesel and the Rock. But guess what, reality contradicts my pointless expectation. And it does the same with your dishonest “I could have” claim.
You don’t even understand how Bitcoin works and what blockchain analysis can and can’t do.
But you, for whatever reason, defend a spook and a company which owns a closed source blockchain analysis tool, collects the xpubs of newbie users, received financing from 3 letter agencies for the GoTenna project, and regularly creates Telegram chats where the users talk about their CoinJoin rounds.
Samourai has a very efficient surveillance system that flies under the radar only because their competition is busy writing better code and doing actual privacy research. Tell Keonne and Willy Hilly that Vlad says hi.
If you judge a project according to how a non-native English conducts himself in interviews, you’re ngmi.
You say you’re technical enough to have contributed to all 3 CoinJoin projects but bring people and personal attacks as your only arguments?
Please tell me more 😂
My client froze, I wasn’t sure if the “post” button was working so I pressed it multiple times 😅
You’ve committed the cardinal sin of showing signs of independent thinking. That’s dangerous, Qno 😂
Economics is all about supply and demand. Unless you create demand for your goods and services, it doesn’t matter how low and disinflationary the supply is. Other people won’t care and will hate you.
The best way to create Bitcoin adoption is not through force or promises of generational riches. It’s better to just tip or make small payments to reward people’s time and effort. They won’t fear it if they also have some and they won’t hate you for using it first since you shared it.
Gotta spread real grassroots adoption, this is why Bitcoin really exists.
You can rightfully call Wasabi wallet cowardly, but if you were in their position would you choose to go to jail like the Tornado Cash dev while being unable to pay the developers who work on building the future of privacy? As a matter of fact, are spooks ever concerned about going to jail or do they LARP 24/7 on Twitter about having created a wallet for the streets that’s perfect even though it collects the xpubs of users (I’m referring to Samourai here).
You also don’t understand how this works. Bitcoin is a public ledger, chain surveillance doesn’t need anyone to send them addresses because it’s all in the open. What CoinJoins do is to do large public transactions where the inputs are known, while the outputs become a more difficult guess.
What ZK Snacks did was to avoid “North Korea and human traffickers are using Wasabi” accusations by denying service to unwanted participants. They have no expertise in filtering, so they delegated the task to a company which already curates lists of addresses associated with crime.
When you own a blacklisted UTXO and try to join a CJ round, you get an error message on your screen. Wasabi, ZK Snacks & blockchain analysis can’t know who/where you are because they have no access to IP addresses (communications happen over Tor) or xpubs (Wasabi makes you download blocks so you don’t use somebody else’s node).
Blockchain analysis doesn’t get any kind of information that they didn’t already have.
The side effect of this controversial decision is that the volumes increased. Now exchanges can no longer accuse Wasabi CoinJoins of being potentially criminal. They might as well join some rounds too. So if you get into a Wasabi mix, you know that your coins are universally accepted.
I’m sorry that you got poisoned with misinformation and distorted facts. But in the spirit of Bitcoin, I’ll let you take a look at a Wasabi CoinJoin so you understand what it is and what it does: https://mempool.space/tx/13e6b17842c4aeee6f30642abb493f7eea0fcd809df9a35a83a3c364addb1ae3