Did he mean it's ok to do terrible things as long as you then stop doing terrible things?
I get it. When all is said and done people judge value by how much work they'd have to do to get it.
Evaluating what they want in terms of what they have is not unreasonable. Hours worked x productivity would be a better gauge going forwards.
TNstacker's link there is awesome. I include mention of those issues. The main thrust though is what you or I can do about it as patients and practitioners faced with a problem we need to solve.
This is spot on
Lightning I trust for day to day transactions, but not for storage. Hence there is still the issue of, say, moving the funds onto lightning and back off there to do the weekly shop. Personally I wouldn't keep more than a few hundred $ worth on lightning for any length of time. You are right, the issue is block chain congestion. So the more popular Bitcoin becomes the more likely than ever it's usefulness will be limited to large amounts and big players, or else very small change activity on lightning. By extension, this will limit growth in value and price. This also means the system is vulnerable to DDOS and/or big players congesting the mempool at critical times and thereby manipulating the system. Increasing competition among miners is the only mathematical solution I can foresee. The bottom line is that in order for Bitcoin to remain useful and keep increasing in value, affordable domestic scale mining is the next area of development urgently needed so we can have millions more miners.
Raising funds to get it published. For the record I haven't called it fiat medicine in those terms or compared it in that paradigm. It's really about the ideas that were lost when medicine became centralised and what is missing from modern attempts to liberate our healthcare. The angle is about how all systems, both mainstream and so called alternative fail to engage with complexity.
Not saying gold is the answer. I'm saying that as long as fees are set in ever appreciating satoshis while block rewards keep halving the cost of moving Bitcoin is going to become prohibitive except for increasingly large amounts. Tell me I've got that wrong please.
Yes, I just have. It's actually about decentralised healing with fiat as the background for comparison.
When the day comes when you can do your shopping in sats, how's it going to feel paying double because the sats per transaction are the same as now?
It's 45 mins work at my job to pay for mining fees this morning and 45 mins = 45 mins.
Yes to courier a 10oz lump of gold interstate here in Australia costs $25 Australian plus insurance. One email and it's there tomorrow. I've got a transaction stuck in mempool for at least the next day with a $20 fee. This is only going to get worse.
That's the point. I can courier gold coins and bars around the country for a fixed price of $25. Increasing Bitcoin mining fees mean very soon only large movements will make economic sense. Lightning wallets aren't secure for storing large amounts and moving it back on or off chain will be prohibitive just to do the weekly shop. When they say Bitcoin is the new gold this is what it means. Ten years from now it's going to sit mostly idle in large wallets out of reach of most citizens while the hoypoloy transact in Montero. The only solution I can see is through more affordable and efficient mining technology to bring about greater numbers of domestic level miners.
Half the fun of being away is that sense of being far away. Gotta take the rough with the smooth.
Yup there is no way of knowing if you actually survive the trip or if your memories just get planted in a 3D printed synthetic body.
I see problems for Bitcoin before too long. It's getting more expensive to move than gold already. After the halving that can only get worse, right? Am I missing something?