Mitigated Skeptic | Pleb | DJ | Time Traveler | Villain | PGP: FF6E 3A72 C75B AF16 1CBB 649C 2753 0EFA ECBC 4F65
Tijuana, BC Mexico
Joined December 2013
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Crypt Loco retweeted
because bitcoiners need to be on another list…
#Bitcoin
#Bitcoin is changing politics for the better with @BitcoinVoter
Sign up here to get involved: bitcoinvoterproject.org/sign…
Crypt Loco retweeted
Many Bitcoiners that fancy themselves as monetary theorists like to point out how Bitcoin is better than gold because it is digital and thus easier to transfer and store.
What if that isn't true?
What if the cost of securing gold becomes lower than BTC due to rising network fees?
Crypt Loco retweeted
github.com/bitcoin/bitcoin/p…
“Given the clear economic demand for this data (for better or worse), the best a policy rule can do is provide a mild inconvenience. The worst it can do is cause the development of mempool-bypassing transaction relay rails to miners, which I consider far more harmful in the long term that any current hype.”
This has been said by critics of filters from the start.
Crypt Loco retweeted
Bitcoin is meaningless as a store of value without its medium of exchange functionality.
This type of binary thinking is frankly completely retarded.
Medium of exchange is nowhere near as important as store of value.
No matter how attractive the exterior of a house looks, it will crumble if it’s not build on a solid foundation.
For a new money such as #Bitcoin to succeed, it makes no sense to prioritize a transaction layer to the detriment of store of value. It’s like focusing on lavish windows for a house set on shifting sands.
It’s all an exercise in futility if the essential, underlying structure—the base layer—is compromised.
Crypt Loco retweeted
this must be how the etf meetings are going
xitter.gq/Enezator/status/174300…
Crypt Loco retweeted
Maybe don't encourage a whole bunch of noobs to store private keys in their web browser while calling it progressive. Disaster waiting to happen.
Crypt Loco retweeted
FTX’s bank, Silvergate, just got nailed with a class action suit for aiding and abetting fraud, breach of fiduciary duties, and unjust enrichment for processing transactions from FTX to Alameda.
Silvergate probably should have blown the whistle.
