Is it as easy as running a bitcoin node? I would consider.
To me 1BTC = 1BTC means nothing more than what it literally says, and is equal to $1 = $1. What more it could mean does not explain the emergent process that is the valuation of a monetary good. It cannot be planned, it can not be understood in full, it is what happens if it happens. This is the magic of a free market. And I am in no doubt that homo sapiens will reach consensus on this important topic.
Can you dive a level deeper? Why would 1BTC = 1BTC a problem?
How is this different for you than pricing other free market goods or for example public traded stocks. Does it matter what the unit of account is? Shells, gold, fiat money or bitcoin? We have had many systems for measuring distance, weight and value. Bitcoin is nothing more than the evolution of money.
In times of war both sides express their anxiety and anger in ways we despise. Yet they are the way of war.
“175 million people in some form are involved in this world of Bitcoin and crypto and all of the others. So they said, Let’s be nice to them at least until after the election”.
~
Trump @ Bitcoin conference 2024, Nashville
This is peak Youtube. What a worthless piece of garbage where channels can have 317k subscribers and 300k people watching an Ai video of Elon Musk telling people to send bitcoin and double their money.
Doesn’t this weaken protection against the evil maid scenario since a yubi does not have pin protection like hardware wallets?
I think David Bowie would love this cat a lot.
You lost one of the seed phrases but didn’t you have one hardware wallet left that had all of the xpubs/derivation parhs?
Ouch! Yes in case you lose a key you need the original keystore to recover.
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Convenience or necessity? Can I know your seed phrases then?
But i practiced a lot, all kinds of scenarios. But in the end its the seed phrases that make you hardware wallet and vendor independent. That’s a comforting thought.
When restoring from seed phrases i did not use the original keystore file. I created an entirely new setup based on the same seed phrases, probably even in a different order and confirmed i could see the funds and transact them.
I haven’t experimented with the order of the keys in the keystore.
As long as you tested the setup and have the seed phrases there can be no disaster.
I created a multi sig with sparrow and three cold card, tested it every way I could, including restoring from seeds. Everything cool. I did have one glitch where one coldcard in the multi sig said invalid transaction when signing when psbt was created with sparrow. When psbt was created with blue wallet the same colcard device would sign it. Loading the multi sig config again on that device solved that. Reported this to coinkite support got a we don’t care response, probably Sparrow.
seems he's just farting
I think the Chinese miner-ban was also a blessing. Imagine not truly knowing what a substantial miner-ban would mean for bitcoin. Same with the silly ordinals. I think they will not survive and only make the network stronger by having been part of the evolution of Bitcoin.
IMHO Ordinals are a blessing. They teach us what it means to be a permission-less network. They prepare the network for worse. Without them a bigger attack could come as a nasty surprise. Ordinals are part of growing up. I suspect more Ordinal-like attempts will be made, and why not? It's a permission-less network. Miner are free to exclude them.