One of the things I'm looking forward to as the dollar loses its reserve status is the decline of the venture capital industrial complex. These are blowhards that are worse than journalists in terms of how much they're listened to versus how much they know.
Real expertise will get rewarded instead of the fiat knowledge that these guys spout.
Gotta love the people moralizing on how other people should behave as if Bitcoin is a centralized system.
There are friends and enemies, incentives and consequences. Let's just say these haven't played out yet.
Would the government entrap Bitcoiners? That is fund them to do stuff that they wouldn't otherwise do to get them in trouble?
Maybe they have and they're now altcoiners or former altcoiners.
Spamcoiners are malicious altcoiners
Bare Multisig Outputs
-----------------------
Blocks are getting filled with bare multisig outputs and it's an obvious troll from people that hate Bitcoin. Let me explain.
Multisig currently can be done in many ways, but before p2sh (BIP0013), the only way to do multisig was through putting the many pubkeys on-chain. As ECDSA doesn't really let you aggregate keys, outputs had to specify something like "3-of-5 of these pubkeys." The normal UTXOs have the following number of bytes:
p2pkh:25
p2sh:23
p2wpkh:22
p2wsh:34
p2tr:34
By contrast the n in the k-of-n bare multisig determines the number of bytes and it's 5 + 34 * n (my math might be off, but around there). So for 3-of-5, it's upwards of 170 bytes. But that's using compressed keys. For uncompressed keys, you it's 5 + 66 * n or 335 bytes+, and worse, you can put in illegitimate uncompressed keys (keys that are provably have no private key) to add data to the chain
Why does this matter? Because these bytes stay in the UTXO set, which is what Bitcoin software optimizes for because that's how you validate that a transaction is a not double spend and satisfies the conditions of the smart contract that locked it.
What's worse, if the pubkeys are unspendable (uncompressed keys that are not real points on the secp256k1 curve), then they'll *never* be pruned. So the UTXO set grows larger and requires more resources for your typical node runner.
Interestingly, this was how the whitepaper was embedded into the Bitcoin blockchain by putting pieces of the whitepaper pdf in 64 byte chunks through uncompressed pubkeys. Luke's Eligius pool was one of the first to ban such transactions because they were clearly bloating not just the blockchain, but the UTXO set.
That's what these trolls are doing. They're adding to the UTXO set that's not easily prunable, though now, I'm guessing some people will add pruning for UTXOs with multisig outputs that don't have any legitimate keys.
Whenever you get something for free, you should be suspicious. Because it takes great virtue to give something away without an agenda.
For those that haven't been to Argentina, you have to realize, there are two rates. The "official" rate and the Blue dollar rate. The Blue rate is the real rate. That's what everyone uses when you're buying anything in Argentina.
The official rate is only used for credit cards when foreigners are stupid enough to use them. It's a way for the government and banks to rent-seek.
The devaluation is just bringing the official rate to be the same as the Blue Dollar rate, nothing more. It's not some grand conspiracy. It's just recognizing reality.
The inflection point for Fed rates has passed.
When they cut a bunch of times next year, it's really going to pour fuel to the fire on a Bitcoin rally.
"I love Bitcoin, buy my shitcoin"
The affinity scammers dominated the last cycle. How do we prevent them from dominating this cycle?
In this clip @SchoonoverAndy explains why it's impossible to navigate the health care system within the health insurance framework.
https://rumble.com/v40w41h-andy-schoonover-explains-why-its-impossible-to-navigate-the-health-insuranc.html