I don’t think payments necessarily need to be fully decentralized in the same way the base layer is. Some things just aren’t technically feasible and we have to live in reality with realistic expectations.
The fact that every other L1 blockchain is now needing L2s to scale (or has become overly centralized instead) should be the only signal needed for everyone to realize that Bitcoin + L2s was the answer all along and that these shitcoins never actually solved any important problems.
Do You ₿elieve in Miracles?
Yo, what’s up? Just trying out @‘ting someone?
DOGE is the future…said nobody ever with two fucking brain cells.
Lol I’m much less certain about short term price predictions. Always take those with a grain of salt.
I’m pretty convinced that $1 USD will be worth less than 1 sat at some point in the future…I’m just not exactly sure when.
I’m also not sure how much that dollar will be worth. Probably worth a lot less than a dollar today.
“Imagine, everything there is and everything that will ever be, divided by 21 million.” – Knut Svanholm, ∞/21m
Yup…see my more recent post.
Everything divided by 21 million bitcoin keeps getting closer and closer with each passing epoch. ∞/21m
Fucked up the math on that last post…projected compound daily growth rate to get to $1m in 80 days should’ve been 4.56%.
I've started tracking Balaji’s $1M #bitcoin bet.
80 days left, Projected CDGR = 0.373%
Can’t wait for this shitcoin to die. ETHBTC about to fall off a cliff.
Ever wonder why there will only ever be 2,099,999,997,690,000 sats and not 2,100,000,000,000,000 sats? It's because of the way the halving is executed, using a bitwise shift, and because there aren't sub-sat denominations on-chain.
Looking at how this affects the block rewards, we see there are 11 halvings where the block reward is rounded down to the nearest sat, meaning there are 210,000 * 11 = 2,310,000 sats that will never be mined as a result.
2,100,000,000,000,000
- 2,310,000
–––––––––––––––––––
2,099,999,997,690,000
TA is dumb and these blue and orange lines mean nothing…but I still like to watch them lol.
Nah crypto is just a subset of fiat. Think about it. Why don’t you go beg JP for lower rates…and while you’re at it, go and beg Vitalik to let you unstake your ETH. Bitcoin has no rulers.
Yes. Crypto boiis are coping hard because they thought their favorite shitcoin was just as important as Bitcoin but now they’re permanently rekt.
₿itcoin ≠ Crypto
