Anyone here knows how to use Payment code in Blue Wallet?
Cannot get it to work even fron Blue wallet to blue wallet.
Unable to add the payment code to the contact list on 2 different phones.
In the most basic level, you can view bitcoin as merely a system where one can update a set of information constrained to 2.1 quardrillion units in a way that the updates are true, certain and immutable.
Incredibly, such a system requirements, all the most advanced nations and big tech corporations are unable to execute.
That's the power of bitcoin.
#bitcoin
I'm beginning to think I will be a Triple Issues voter.
I will NOT vote for any party that proposed the following:
1. attempt to ban bitcoin economy
2. attempt to implement CBDC
3. attempt to ban, censor or control speech and social media.
Other than the Islamic worldview and the Jewish worldview in a narrow manner, I don't know of any worldview or society that consider Riba or Usury or Interest on money lending/borrowing a sin.
But almost everyone agree that secretly stealing other people's value and money via money printing is evil.
Note that even in a world where money printing is impossible, interest on loans can still be applied.
Is bitcoin the Peer-to-peer electronic cash system it was designed to be?
Some thinks that it must be able to facilitate buying coffee in order to be cash system. Wrong.
Even if you make the block size 100GB, you cannot use it to pay for coffee if the wait time is 10 min. The block size have nothing to do with making immediate payment with full settlement.
Peer-to-peer electronic cash... its important to understand the meaning of the word "cash". Cash does not mean fast and immediate (even though it can be in different circumstances). It meant once it change hands, the custody is on the other side, thereby traditionally it is physical cash.
Why it does not necessarily meant it will be fast and cheap? If you have $10 or $10mil in cash, if you want to buy anything that is not within hand-reached, it will be slow and costly. If you want to send physical cash of $10 or $10mil to someone 100km away, it will be expensive and slow.
So, bitcoin with it's 10 min confirmation and if you wanna wait even 6 confirmation, an hour for final, permissionless settlement, where custody is transferred to the receipient in finality, bitcoin is peer-to-peer electronic cash system.
