It doesn't, everything just goes down against it.
Few
Interesting! Although PTLCs suffer from this attack: https://bitcoin-problems.github.io/problems/ptlc-cycle-jamming.html
Interesting also, haven't heard about PTLC cycle jamming before, have to read more about how it works. Thanks for pointing this out!
I believe that adaptor signatures and PTLCs would fix latest Lightning vulnerability. This is because in HTLCs all the payments use the same preimage and hashlocks, but in PTLCs each is bonded to a different secret, so any entities cannot retrieve the information about payments by just controlling multiple nodes in a payment paths.
Also it would lower the fees as they uses less block space while increasing security and privacy.
What do you think, when we will see PTLCs used with Bitcoin and Lightning as they're now allowed by Taproot and Schnorr signatures?
https://www.nobsbitcoin.com/how-does-a-lightning-replacement-cycling-attack-work/
#Bitcoin #Lightning #LightningNetwork #HTLC #PTLC #Taproot #Schnorr
Copying #Bitcoin codebase, tweanking few parameter and running it within in small circle jerk is not considered as actualized hard fork.
How it's growth? It doesn't affect Bitcoin in anyway. It's just paper bitcoin.
ETF is not growth, individuals hodling #bitcoin is growth, ETFs are for actual losers.
Where are you located?
In Europe, nostr:npub1sqzr42dj8vx32yd5jcvvl3ytux45kl0etgf6y2ymjvmd7lqmuwmqk9vk7v is very good choice. You can stack straight to your cold storage or use Relai wallet where you control your keys.
For a harware wallet I would recommend something fully open source like Jade, Passport, Bitbox or Trezor
Why do you care? #Bitcoin continues not to care.
Hate, greed and jealousness are tendencies of human beings, they're what makes humans, human, they can cause problems but they're not problems itself.
Bitcoin will definitely fix most of the scams, conflicts, crimes and politics.
Which problem you think #Bitcoin cannot solve?
Bad feelings if you stub your toe on the corner of the table? Car got broken after hitting it to concrete wall?
If thinking problems like that, you're correct, Bitcoin doesn't solve them.
I see that almost any problem I can think of has something to do with printing too
much fiat. What problems are you referring to?
Fiat is bad measurement because it's dynamic.
It's like trying to measure your height over time with a measurement whose definition is constantly changing. For example, today you measure your height in centimetres and tomorrow in centimetres and a half. Makes not much sense in my opinion.
Nobody uses #bitcoin for buying coffee any more, #sats are way more suitable for this!
Yes, you should learn about sats!
It's already way over compared to most fiat currencies.
Depends on what you compare it to.
Pumping against fiat? For sure.
Pumping against your time and energy? Never, it's always on par with it.
nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx
When Peter interviewed the fed guy Joseph Wang he asked why we need the Fed.
Wang’s answer was: before the Fed there were market crashes and the private sector would have to step in. You don’t want to always have to rely on the private sector, you need public insurance. (He didn’t say this in so many words, but this was the gist of his response). Thus allowing the fractional reserve banking to continue.
If Tesla cannot survive as a business without government subsidies, it’s not a viable business model.
If a bank fails because they took the reserve fraction too low and couldn’t pay their debtors they should go out of business, not have their losses socialized.
If a bunch of banks fail simultaneously then the *system* needs to change, not have *all* the losses socialized.
If you socialize the losses then banks are *incentivized* to take greater risks. It’s a perverse incentive.
This 👆
Crypto is more like anti-bitcoin, fiat and the state is in the middle.