This. Think about it. Plebs basically got disincentivized out of mining a long time ago when Core Devs never came up with a better decentralized way to mine after Satoshi put an arbitrary and temporary block size limit to fend of DDOS attacks. It worked well for miners ($) but the fallout was that the pleb miners got pushed out. And don't come at me with the pool mining angle.
This is where Monero at least tried. Mining is break even if you're decent at it in Monero and decentralized by design.
I've heard a lot of ppl say that BIP300 is needed for $ for miners in the future. But I disagree.
As mining becomes less profitable for the mega corps, then perhaps pleb mining might make a comeback. It's not as pie in the sky as it might seem.
Agree.
Yeah. Already mostly are.
Ask yourself, based on the principles of money, is BIP300 good?
Does it make Bitcoin better at being the best money ever created/discovered based on the principles of good, sound money (fungible, scarce, portable, durable, recognizable)
👀🤔
BIP300 feels like shitcoiners and miners wanting to make significant changes, with inherent increased attack surfaces and altered mining, just to basically game mining and pin all kinds of crap to Bitcoin.
Remember kids, Satoshi didn't intend mining to be some huge corporate game. He wanted plebs to mine off of CPUs. It's a fair point to consider when thinking about how Bitcoin succeeds as a money.
Think deeper on this.
Maybe mining wasn't supposed to be mostly centralized corporations. In concept.
Satoshi intended plebs to mine off CPUs.
It has augmented significantly since then...
In theory, is changing the Core code good for the money itself?
Mining will be fine, as difficulty will adjust. Same security.
Thoughts on how to un-KYC. 🤔⛓️
Aren't a lot of mixers hot wallets essentially? Where if they went poof, goodbye, everyone gets rugged?
Yes. Federated side chains are the epitome of trust. But there is no such thing as completely trustless. (Think about it). From the software kernels to the hardware devices to the Core and mempool interfaces, we're using some limited trust often.
Liquid is what I consider a lukewarm wallet.
Adam Back IMO has been here since day 1 and has a good reputation for being all about the tech. He's low key and sticks around to build interesting stuff. Not a lot of ego. Just a computer and finance geek enjoying tinkering.
Blockstream makes good FOSS stuff too IMO.
Whereas, Sparrow, for example, when mixing, at some points is hot. Your coins and getting zipped around and you have to trust they'll come back.
IMO, Liquid has a good reputation and trusting them in small, measured doses is a point some of us can consider.
Fees to peg in and out are 0.1%. Lowest in the game for what's trying to be accomplished.
Caveat: no I don't work for them. I just went down the rabbit hole and literally came up with: liquid, coinjoins, or atomic swapping off chain with something like XMR.
In each scenario trust was involved at some level, as were fees.
I'm just seeing this now. And it's 🥲 beautiful.
WOAH. 🤯🥴 This is wild. The revenue agency canned 120 employees for taking pandemic relief handouts they were ineligible for. I mean...
I feel like some very powerful and influential people are low key using #SimpleX #Tor #Proton etc... on highly protected networks...
While some other more aloof powerful and influential people are running a raw Apple iPhone with 1234 as a password.
Makes you wonder who has access to who's info. 🤔 🥴
#Privacy #Surveillance #Freedom #PersonalInformation
As an economics teacher, thinking about the past 100 years of finance and economics... this is legit funny.
Not 100% sure I get it. But I like all the interpretations I come up with haha.
-Sincerely, A Tax Slave.
Always. Done & done! Thanks for showing me EFF. I like it 🔥
Is this the same as umbrel and start9? I'm not yet educated on what exactly I'll be hosting. Haha.
But I want to run a Pi BTC node.
I have a long list and goal of going as much FOSS as possible.
First, get a Pixel phone. Then run Graphene OS. Then use Proton VPN, drive and email with forwarding from gmail.
Then use Kiwi browser with Orbot VPN.
Then Amethyst for Nostr.
Then Obtanium for App downloads or Github APKs.
What am I missing?
Totally