incorrect logic due to factual error.
Trust placed in FED, ECB, etc- ALLOW THEM TO CHANGE THE RULES. (print money, decide arbitrary interest rates, etc.)
The "trust" in core devs etc, is a web of trust that non-devs use to verify the source code, and choose which applications to use in order to interact with bitcoin in a self-sovereign way.
There is no trust in bitcoin. There will only ever be 21 million.
(to be exact: 20,999,999.977x100,000,000 satoshi)
difficulty to mine adjusts every 2016 blocks. halving of mining issuance occurs every 210,000 blocks.
If I verify that I own 1000 satoshi today, that 1000 will always be the exact same ratio of the whole that it is today. 1000 sat = 1000 sats. There is nothing any dev can do to change that.
nicnym
npub1jr…lpnqf
2024-04-05 06:12:44
in reply to nevent1q…cu9g
Author Public Key
npub1jr4jqdjwag3uxg9h2prkkdnh9df530efvrgddw55zgu62ak2x9gqylpnqfPublished at
2024-04-05 06:12:44Event JSON
{
"id": "a8730296b45d90dbfc8d885f1a4173d2ab649dfba75119db21405c449bdf244e",
"pubkey": "90eb20364eea23c320b750476b36772b5348bf2960d0d6ba941239a576ca3150",
"created_at": 1712297564,
"kind": 1,
"tags": [
[
"e",
"7e25d58c1c0f1fedd94deeb5be4a764b5c662fc0093acdac2545767a32b9bd6a",
"",
"root"
],
[
"p",
"bd4577608cd572c7d0625e48ac020aefccff9c05396b00c2515221b49ba16fbc"
]
],
"content": "incorrect logic due to factual error. \n\nTrust placed in FED, ECB, etc- ALLOW THEM TO CHANGE THE RULES. (print money, decide arbitrary interest rates, etc.)\n\nThe \"trust\" in core devs etc, is a web of trust that non-devs use to verify the source code, and choose which applications to use in order to interact with bitcoin in a self-sovereign way. \n\nThere is no trust in bitcoin. There will only ever be 21 million. \n(to be exact: 20,999,999.977x100,000,000 satoshi)\ndifficulty to mine adjusts every 2016 blocks. halving of mining issuance occurs every 210,000 blocks. \n\n\nIf I verify that I own 1000 satoshi today, that 1000 will always be the exact same ratio of the whole that it is today. 1000 sat = 1000 sats. There is nothing any dev can do to change that. \n\n",
"sig": "6f2475653314664ed24a59729213e81556f39485cf3230ff64272eebfc948e73e7f66b43a41e6ff65ac02b60cf397c93de8f26d8c3be46ecdc63b7bc898f1335"
}