And cmon they smoked ftx, now that was savage
Still is doing better compared to the mess in the US sector. Give them credit for where its due, all this "regulator clampdown" on binance us, the comingling of funds, crypto banks shutdown, attack on BUSD even though paxos is who manages the stable coin and not binance, the dropping fees for liquidity etc
Yous have every reason not to like them ever growing monopoly but I still think they're doing quite a bit of lobbying and strategic interests to protect themselves (crypto industry including btc) with the profits they're making, so even though the shitcoinery is degenerative I still think they're net positive.
Im neutral i don't have any insider information, but if say 2 years from now if they are standing they've managed risk quite well.
Oh awesome hahav
Yeah I messed up regarding the 50k transactions are needed so badly lol, mind being foggy, I've seen on mempool when exchanges send.
Ty ill read more tomorrow.
But yeah I certainly not downplaying what btc can do rn, its fucking great.
My following feed is acting weird, I get random nostr posts that are like weeks old and miss some other newer ones.
Yeah I picked 50,000 as an arbitrary number. I don't see it being that realistic we'll just suddenly overnight have such a large number but regardless we can just x large number.
I know Exchanges can send to multiple outputs from 1 or more inputs. I've heard about Coinjoin/Wasabi but I haven't delved into it. Where can I find out more about this pooling of multiple transactions?
I thought Coinjoin was purely just for privacy. I just watched a video I made a mistake of assuming all inputs need to be owned by the same person. I need to read about it more but I never heard of it saying it can help with scaling.
50k ppl buy btc on exchange. They all want to withdraw, so 50k transactions are needed. Can you explain further on the 100 transactions or less.
I don't think there's anything wrong with current scaling solutions we have and will have in the future though as more interest builds. I just mean if overnight a major country just all switches to Bitcoin it's unrealistic to say it will handle well.
It's good that we have time to slowly build with adoption.
Knew it was to good to be true lol
I don't think he's wrong if suddenly 50,000 people suddenly overnight opened on chain transactions. The 2nd reply is all bs. the first he didn't say anything factually wrong? Yes lightning and custodial solutions but "hot wallet bad" "not your keys not your coins". Why mockery of people who just don't understand fully.
Easiest way to find all npubs of those that you follow on Twitter ? or just transfer followings.
Ngl I'm skeptical of Binance too, but you guys keep throwing shade without their exchange actually suffering.