But doesn't that reduces the security budget of the network as well? By 2X.
With higher fees many avoid transactions so transaction fees is not enough for this high cost mining machines to run.
Then with 2X less issuance, miners make lesser money.
Basically the network's security is dependent on "hope" that the fiat price will have to go up.
During my gaining, it's super hard without carbs.
In carbs, I prefer complex carbs rather than simple ones.
And in low carb diet it almost took 5X more time to gain that same amount. During that time - high protein, low carb. High weight, lower reps.
Are other social media platforms also banned or Govt just went after X only?
Wow.
So someone ran a delete/update query in 401k provider but didn't run an insert query in Fidelity ๐ ๐ค
Welcome.
Jai Hind ๐ฎ๐ณ
But in your timeline it shows you are celebrating it reaching 65k in fiat.
isn't 1 btc = 1 btc, then why measure such a great thing with something that 'no one cares about' ๐ค
Does me pointing out the points of improvement on the protocol makes me eligible for this ๐ค๐
Economy (Point 1) - Why not even 10% of world economy is dependent on Bitcoin after 14 years of it's existence. I know the doomer case for it, when everything collapse everyone will apparantly use bitcoin or gold. But why not during good times ๐ค
Privacy (Point 2) - "Can be achieved". The real question remains why it hasn't been? Probably less than 5% bitcoiners use this. Most exchanges will block your transaction if you coinjoined it.
Cheap Transaction (Point 3) - "We will get it" Same question when? Bitcoiners spent ungodly amount of time on lightning and rejecting all other alternatives. If a company has 10+ years to develop something but still couldn't most would abandone it. As people have their money in this so most will stick.
Centralised - Yes other chains are centralized but as I said they have found real good market fit. Decentralisation alone isn't a selling point.
Internet - Most who say bitcoin and internet are same wasn't even born during that era. Internet's limitation was hardware not software. There weren't any routers, fiber etc. for internet businesses to distribute their product quickly. Bitcoin is built on top of this infra.
Didn't study enough - I often hear this including HFSP. Basically if you argue that some stuffs of bitcoin is broken, you either is a troller, hater, didn't study bitcoin or want to stay poor. There apparently isnt 1 guy who understands tech and distribution who can point out issues in bitcoin.
Bitcoin isn't a test, its product that is yet to find a product market fit. Yes it's decentralised.
I do agree with that. I was saying about Bitcoin.
Monero does have achieved privacy brilliantly and with seraphis I think it's going to improve more.
Once someone figures out the transaction speed part, it's going to unlock real value.
Maybe we will close our eyes and other protocols/networks will go away.
They we can claim victory that we won.
The problem I believe with most bitcoiner or any crypto person is they talk about fundamentals more than technicals. Also they feel as the fundamentals is strong so it's a good product market fit.
Another argument can be made here that nearly a decade has gone and there is still no way to have privacy in transactions or even do transactions at all as it's slow. Lightning is garbage, most knows who ran a lightning node themselves.
Bitcoin, Monero, ETH guys fail to understand that whatever they are building may be really fundamentally sound but most use it to get fiat rich.
Meanwhile cross border payments, small donations, peer to peer payments for services/products are being done with USDT on Tron. Unfortunate reality.
It actually is.
Warpcast is actually just the front end app to the Farcaster network. The network is fine and running.
I can easily connect and post with other client.
