Bitcoin is supposed to be an upgrade from the current banking system. Bringing censorship resistant banking and wealth storage to those who are unbanked, stuck in hyperinflation or politically unpopular. If we are paying $50 to move a utxo, how is that barrier better than just going with visa? it renders the ability to use the network, unworkable.
If saylor is correct, and Bitcoin is going up forever, what is the real cost there? in some cases, the current fees are more than the utxo's are worth.
As far as "spammers" go, if they are clogging the network that is meant to withstand governmental attacks, but can effectively make the system unusable by the average person with monkey pics, then who are we kidding? An engineered currency that can't be used as currency, doesn't sound like a bright new future.
Maybe have an intelligent conversation about the issue instead of telling people to fuck off?
agreed. it destroys the whole principle of what we're doing here. I don't know enough about the base layer or how we got to where we are, but it's my understanding (and I could be very wrong) that Taproot opened the door to these shenanigans.
Do you know the history here or how we got here?
So, can talk about this high fee environment and how it's effectively creating the same mobility issue as gold? Did Rune do this, because it's effectively an attack on the network. If that's true, then the what are the proposed solutions?
I've heard people talk about spam filters for the network, but isn't that effectively censoring transaxrions? If we start censoring transactions, then maybe someone can help me understand from a technical aspect, how this censorship-resistant asset stays censorship free... while we begin to censor?
#Bitcoin #WTF
So we should take one for the team and serve... 👀
Nah...😂
More people need to understand jury nullification. We are not kept slaves. If a law is b.s. or the circumstances of a case are b.s. then that's why we have a jury of our peers.
The public absolutely has the right to say... "Thanks, but no thanks. We do not comply."
There's no turning this train wreck around without a Bukele style round up. The corruption runs too deep. Democrats are in full Commie Banana Republic mode complete with show trials and Pravda media. Republicans are corrupt and have been since I came of voting age... probably decades before.
One thing we can say though. Trump stopped the absurd outflow of tax dollars to other nations, ended the wars in the middle East, did not start any new conflicts and we had real wage growth for the first time since 2001. Only president to check all those boxes since before WWII, and I did not see that coming.
But then again, both parties went full retard on effectively writing the bill of rights out of the law... so pick your poison. It's a dying empire.
Didn't taco bell have one too? now it's like $9 for 3 soft tacos and a coke...
These fees are ridiculous. Has me looking at ecash. I wasn't around for the block size war but maybe Roger was onto something.
Lightning is a bar tab... Liquid is a bankers model... Why?
Why? I've been trying to understand why bitcoiners think that liquid is a good thing. Once upon a time, we had gold. But it sucked to transport. So we made banks to store our gold in and they gave us receipts or tokens that we could trade...
Then we had Bitcoin. It was a new dawn. But everyone insisted on small block size which made transactions expensive. Then we created liquid so that we can place our Bitcoin and trade tokens instead...
I just don't get it. We're going right back to the banking model that Bitcoin frees us from aren't we? What am I missing?
idk if this is true... but boondock saints is in my top 10.
Being paralyzed by gangs and crime tend to impose on liberties, as well. I’m into the “boondock saints” vibe.
Oh, for sure. If will be a combo of both. My point is, the major mining operations will become more centralized over time because of that race for efficiency.
But with that centralization, wouldn’t that also equate to more voting weight when it comes to deciding which version is predominant?
Is running a node enough? I see risk there.
Was actually thinking similar thoughts this morning while considering whether or not to transfer the whole kyc stack to a new wallet through a coinjoin.
Like, what am I, 1 of 100 that cares about privacy? They already know that I bought it 🤷♂️
They can’t really get to it now, and they can’t really get to it if I coinjoin. Am I really gain anything?
Used to love payday because it was the one day I wasn’t broke… I’m still broke, but now I love it because it’s my #bitcoin DCA day.
Slow and steady.
It’s all perception. That perception is accurate if you have a Keynesian understanding of economics. It is the prevailing thought.
If government spending is what’s driving the economy, they are only able to do so in an inflationary environment. The inflate the bubble. If they don’t… it collapses. In that sense, the view is very accurate.
We’re just taking about two opposing systems of economics. Don’t forget that Keynes was a socialist.
