Meant to say filtering. Dyac. View quoted note β†’
I don't think keeping transactions with op_return > 80 bytes is censorship. In exactly the same way that I don't think letting minors create more than 21 million Bitcoin is censorship. Calling both of those censorship is demagoguery. View quoted note β†’
I think you misunderstood the fire movement. They're not trying to get a 25x return. They're trying to reduce their spending so that having a nest egg that is 25x their annual spending is easier. And then live a lifestyle that allows them to withdraw 1/25th (4%) every year. The growth they need to sustain that is to merely match inflation. They don't need 25x to do that. View quoted note β†’
Also, "Bitcoin is already an index of human incentive" is the most insightful thing I've heard in a while. I'm shamelessly stealing that. View quoted note β†’
When it comes to the importance of Bitcoin becoming a medium of exchange, I generally agree. But I'm skeptical about it's urgency. I think the path to that is first becoming a universally recognized store of value. I don't think we can get to medium of exchange without the majority of people wanting Bitcoin. But I think it's going to happen on it's own. If enough people want bitcoin, they will naturally be willing to trade for it. The only question is if they'll be able to. If the infrastructure that Bitcoin has will support being able to earn and spend Bitcoin. But necessity is the mother of invention. When we get to the point where people universally want it, that will create incentive for a lot more brains to work on that problem than we have now. I guess I'm not worried. I think it's required. And I think it's going to happen. I'm sure there's a gap in my thinking. Would love to hear what it is.
What I wish @Marty Bent had asked in TFTC #620: "Isn't slower block propagation a feature when there are transactions that contain OP_RETURN > 80 bytes?" "Doesn't that create a higher cost for including spam in the chain?"
Bitcoin is not crypto. That word was only after there was more than one thing that needed description and people wanted to lump what they thought of as similar things into a category. When Bitcoin was the only, no one called it crypto. They called it Bitcoin. So when you say crypto, you're really saying "all the Bitcoin wannabes" Conclusion: Bitcoin is not crypto.
High wing, low wing. Whatever. Beats no wing. #teamlowwing View quoted note β†’
When I use a hardware wallet, I have my private keys on that wallet. I don't have them on a mobile wallet. So I don't understand what you mean by trusting a mobile wallet when it's paired to a hardware wallet. As far as supporting the show, I didn't even know you existed until you showed up in fountain. And I immediately trusted the fact that it was users sending in their support as an indication that this was a quality podcast way more than fiat marketing. Thanks for not blasting my ear holes with fiat mindset ads. View quoted note β†’