Give credit where itās due, Abraham Lincoln (?)
It looks like de-dollarization is happening at the margins and that shows up in the graph.
My Bitcoin Twitter feed is now flooded with random people I donāt follow talking about advancements in AI.
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bitcoin:BC1Q74ACVCYYUMNY0PR9M676WXRVRYQUC86J3T7G6P?amount=0.0006942&pj=https://do.payjoin.org
Very interesting
On second thought Iām going to pass for the moment. This looks like you guys are looking for someone a little more advanced than I am.
Ooh, this interests me. I havenāt quite learned how to open my own channels using my node. Can I participate in the lesson?
Great idea for SkepticismSunday, lots of possibilities for topics to flesh out! Some I have off the top of my head :
1: is John-q-public, aka Joe the Plumber, technically capable of being onboarded to use Bitcoin beyond just buying/holding on an exchange, but as a transactional medium?
2. What are the negative implications to AML/KYC? Is it just FUD, or will big brother be coming to claw back my sats?
3. Are mixing services actually providing privacy, or just the perception of privacy?
4. Is lightning sufficiently private for a receiver, or just a sender, or neither?
5. Is the government trying to completely cut off all exchanges from banking with operation chokepoint 2.0? Or are they just limiting (picking) which banks and which exchanges will continue on (Strong KYC / AML compliance required).
One of the funniest things Iāve seen today is this typo in the Decrypt article about #SkullOfSatoshi where they describe how bitcoin runs on a āproof-of-porkā consensus algorithm.
https://decrypt.co/124486/greenpeaces-new-skull-of-satoshi-artwork-hits-meme-status-bitcoin-fans
Which tastes better, proof-of-pork or proof-of-steak?
New York is definitely at the front of the line to block any/all fiat on-ramps.
That is definitely something that needs to happen, but I donāt think itās ALL we need. It is definitely starting to feel like the tides are changing from āā¦then they laugh at youā¦ā to āā¦then they fight youā¦ā
Fiat is a confidence game.
What good is a bank/custodian that only ever takes deposits but doesnāt allow withdrawals? What would be the point? Sounds like Ethereum.
Thatās a very good point. But if they claim to be holding your bitcoin, and you try to convert it, send it or spend it, and they cannot back the request because they were ālyingā, it will be a very short-lived lie. They cannot print more bitcoin.
Donāt let good be the enemy of perfect. Self custody is obviously ideal, but I donāt think _all_ people/businesses are ready to handle that level of technological responsibility. Having well-regulated entities in the space will bring stability, which will bring adoption.
Trying to understand more about ordinals and inscriptions. If you say every Bitcoin is fungible with every other bitcoin, like a dollar bill, isnāt an inscription like putting a serial number to track that dollar bill?
Ugh, you know what it feels like? It feels like Bitcoin is this pristine area, like a national park, and the griftersā¦ excuse me, those that support ordinals are the ones going around carving graffiti all over everything and claiming it as theirs.