Avatar
21seasons
ba40a9197ddc4cf2e900beb4ec625093033d78a5d8b40f9e4d0756f4d1ca8326
Writing notes and comments about #Bitcoin, #Nostr, #Freedom and software development

Ah, I might got what you were thinking. Bitcoin keys are encrypted.

Bitcoin uses cryptography in a multiple ways for sure but Bitcoin itself is not encrypted. All the senders, receivers and transactions are not encrypted and are recorded to public blockchain.

And we want PLTCs

Gold is more divisible than bitcoin, and also verifiable.

On the other hand gold is "only" relatively scarce, bitcoin is absolutely scarce.

Politics is not about truth, it's about votes.

Why hold your value in some system which has constant hard forks? Why not to hold your value in system that you can trust it's resistant to corruption?

Why hold your value in something that's infinite? Why not to hold your value in something that's has absolute scarcity?

Except that miner is not a specialized node. It's just a regular node with generate option(mining function) enabled.

I see what are you implying, that mining is just a function in node software. But practically speaking most of the entities owning miners are not running their own node. They are connected to some pool which runs the Bitcoin software for them.