BitcoinStu

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relay.primal.net

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Last Notes

2025-01-03 06:25:09

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price doesn't follow hashrate actually, if you look at a correlation coefficient you'll see nothing. That's just some BS Max Keiser likes to say.
What's concerning to me is that the hashrate has gone parabolic. And that is unsustainable. All parabolas blow off, it's like a law of physics.
I would not at all be surprised to see a coordinated nation-state attack in 2025 that attempts to deadlock the network by cutting the hashrate to the point where not enough blocks are found for difficulty to adjust. This type of attack has been theorized since the early days and we may be on the cusp of seeing it now.
The central banking cartel rules the world. Bitcoin is an existential threat to their power. They will do everything, and I mean everything, that they can to stop Bitcoin.
Hopefully there are enough countries with hashpower that will oppose such a coordinated attempt to deadlock the network, but based on the fact that basically every government on Earth participated in the Covid crackdown on liberty I wouldn't be so sure.

2024-12-31 09:24:28

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it sounds like your buddy has his priorities well established. As I said in the beginning of this conversation, very little about my life would change if bitcoin does a 100x tonight. That's a good sign I think that I am already focused on what's important in my life.
You're already living in what you consider to be the best country in the world, so that's a good start. Just gotta keep stacking until you don't have to stack anymore.

2024-12-30 10:00:29

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also consider that a lot of people are just stupid. Watch those "i won the lotto" shows and see what happens to "average" people when they become rich... most end up broken in a couple of years, often far less happy than they were before it happened.
You can't really fix stupid.

2024-12-29 20:33:57

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tax fraud is a pretty serious thing. Good luck with that

2024-12-29 20:21:08

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neither do i. Other than buying some coldcards that required me to spend bitcoin because they don't take cash from the country I live in, I haven't sold a single satoshi since 2017

2024-12-27 18:15:50

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do you guys have a chart of Ocean's hashrate over time? I'd like to see how it's going

2024-12-27 04:28:03

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humans do control the Earth. If me and my tribe have a good thing going and you want in, if you and your culture are shit then you can go fuck yourself. Come here and we'll simply kill you. This is the way life works.

2024-12-27 04:25:28

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I left the US where I was born years ago and it had nothing to do with economic reasons. For me it's all about culture. The way the people act and treat each other is what's most important to me.
You could not pay me enough to live in the west again.
So you're wrong if you think people only move because of economics. This may be true of people in a shithole like India where there is feces in the streets, but San Francisco is the same thing, a shit filled hell hole.
There are better places in the world and it has nothing to do with economics.

2024-12-26 02:14:46

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You are going to lose in the long run doing that. Being a professional trader is a skill. How many years have your studied and practiced to build your skills?
If you were going to take a professional boxing fight I would say the same thing. "How much experience do you have boxing"? You're going to get your ass kicked.
I would not let you perform a kidney transplant on me either. Again, you lack the requisite experience.
So what the hell makes you think you can be a successful trader with no experience whatsoever?
You're going to lose money, it's 100% guaranteed. Your impatience and hubris will be your downfall.
Could you become a professional (ie successful) trader? Possibly. But at a bare minimum it will require YEARS of practice. How many years did you practice paper-trading to learn? Zero I bet. You're just jumping in blindly with no experience which is the same as just jumping in the ring with professional boxers. The people you are trading against are professionals and highly developed algorithms. You are going to get eaten alive, 100% for sure guaranteed.

2024-12-25 10:26:57

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Naaa, there are things in the world that have value and utility other than Bitcoin. Realestate will never be 0. Stocks will never be 0. Commodities will never be 0. Things are simply getting repriced in Bitcoin, but their price will never be 0.

2024-12-22 03:17:19

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a majority of bitcoin would be 10.5 million which is impossible to own so this statement is really just rhetoric and has no basis in reality.

2024-12-21 13:43:58

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Very few. They will fine curated and censored platforms that prevent anyone from disagreeing with them, exactly how they like it. Nostr is not a platform that would interest a modern leftist at all

2024-12-19 11:21:56

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Good faith? You claim to be involved in Bitcoin since 2011 which is almost certainly a lie. Nothing that you've said is good faith, it's just hyperbolic panic over something you don't really understand. I was trying to help you understand that better but your fear has blinded you.
You should sell your bitcoin now because there is a 0% chance the algorithms will be swapped out for a quantum resistant anytime soon.

2024-12-19 04:24:37

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quantum computing, if it's actually possible to build, and I'm quite skeptical about that, would pose an existential threat to all encrypted communication. It would be among the most closely guarded secrets that any military has. The fact that public companies are advertising how much progress they're making is proof that they are making none.
If a programmable quantum computer exists you will not know about it for decades because it will be used in secret and bitcoin will be the least of our problems.

2024-12-19 04:21:00

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I only know you from what you say. Clearly you're uninformed about the progress toward cold fusion.
For someone involved in bitcoin, allegedly, since 2011 you seem woefully unaware of the work that has been done on quantum resistant addresses and mining in Bitcoin.
You also seem unaware of what would be required to do such an upgrade. You say something quite naïve like "it might be painful at first". How exactly do you propose we change the mining algorithm out on a running blockchain? Just tell the global mining community to throw away their asics and start building new chips that run a quantum resistant algorithm?
You sound like a guy who read some media hype headlines about quantum computers, got scared, and ran to twitter to create a moment to "make bitcoin quantum resistant" with little to no understanding of the work that has been done so far nor the practical implications of doing so

2024-12-19 04:08:34

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It sounds like you have insufficient information about both quantum computing as well as cold fusion. Stop reading media headlines.

2024-12-19 03:31:37

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we've been 10 years from cold fusion for 50 years. No one who has a quantum computer would tell anyone. This is just marketing to drive investment in abc.

2024-12-16 00:25:25

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I think Monero makes some pretty big tradeoffs to get it's privacy. I would not feel confident putting my family's wealth into it.

2024-12-15 10:21:27

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yes, no need to go to conferences, you're a fiction author now :)

2024-12-14 10:32:23

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it will never be out of reach

2024-12-14 09:08:30

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totally incorrect. The value of bitcoin relative to everything else is going up, and it's going up a heck of a lot faster than the value of the dollar is going down.

2024-12-04 22:46:26

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Conquered, not stolen. Humans have been having wars over land as long as there have been humans. The Native Americans, for example, had forms of torturer they visited upon each other that would make the Spanish Inquisitors blush. So there is more than enough blame for everyone.
You only own what you can defend.
As for the bitcoin, the US government could absolutely buy 1 million BTC. The ETFs did 1.2 million in less than a year. There are millions of Bitcoin that will move when the price is high enough, and the US has the world's largest money printer.

2024-12-04 12:10:59

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perhaps find some like minded parents and work together to homeschool them?

2024-12-04 09:07:25

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get your kids out of public schools is the best thing you can do for them

2024-12-03 01:44:42

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the alleged tax fraud was in 2017. When he goes to prison it wont be the first time. The first time was when he sold explosives without a license for which he spent almost a year in prison.
The only thing about Ver that I respect at all is his training of BJJ. But he's a total dipshit and there are countless videos of him proving it.

2024-12-02 15:53:58

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Roger Ver is a moron, the deep state is not scared of him. They arrested him because he didn't pay his taxes, because, again, he's a moron.

2024-12-02 14:24:44

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It sounds to me like you don't understanding how mining works either.

2024-12-02 14:21:10

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tax fraud is indeed what they charged him with when they arrested him. I didn't make that term up, silly pants.

2024-12-02 14:03:12

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My guess is that you are one of those people who thinks they were "late" to bitcoin. And since you were late you have to find some alternative where you can be early, since you don't really have much wealth built up yet in your life.
But damn son, you'd be better off buying that Kaspa shitcoin, at least it's new and not down 98% against bitcoin in it's lifetime.
Of all the shitcoins you would waste your money buying bcash is one of the very worst of them.
I do feel bad for you though, you've missed the greatest economic opportunity of the last 100 years. Instead you've presumably taken what little money you do have and bought a failed contentious hardfork of bitcoin.
Sad.

2024-12-02 13:58:56

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Roger Ver is the biggest baffoon in the space, wild that you would post a video of him. That guy is a moron... and also in prison for tax fraud. Not someone to take advice from, a dummy in prison.

2024-12-02 12:38:52

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I call it bcash because it's easier to type, easier to say, and because I once watched a video where Roger Ver totally lost his mind because someone called it that. I found that video hilarious, and the name just stuck.
For the 5th time though, it doesn't matter what you call them. I will keep using the one with the small blocks, segwit, and taproot.

2024-12-02 12:31:12

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another thing I find amusing about your argument is that you say, on Nostr, that lightning failed. And you say it ON NOSTR where thousands of people are using lightning every day.
No one is zapping people on nostr with bcash...
Funny you.

2024-12-02 12:27:08

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well everyone else calls them bitcoin and bcash so... you keep doing you may, fight the good fight. Good luck.

2024-12-02 12:22:45

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i call it bcash. I don't care what you call it.

2024-12-02 12:17:31

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in fact I actually run my own fork of Knots with my own modifications ... so technically I am running my own node implementation. I have not changed consensus rules of course, because the rules implemented are the ones I am interested in obeying.
If I wanted big blocks I would run a bcash consensus system. I want small blocks so I run my own personal fork of Knots.
Open source software is amazing.

2024-12-02 12:11:01

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you might be unaware of this but there are multiple bitcoin implementations as well. Personally I run Bitcoin Knots.

2024-12-02 11:59:31

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1. you do not run your own node.
2. if you wanted to, you could, because the bcash blocks are all empty
3. if the blocks were full you could not run your own node
Only bitcoin is trustless and will remain that way.
What I find most amusing is how you claim "no one needs to run their own node" some of the time but then other times you say "I run my own node".
You are a silly person. I will reiterate what I said before If you support bcash you are either ignorant or paid to do so. In your case, probably both.

2024-12-02 11:56:22

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You don't have to worry bcash blocks will never been full at 32 meg... your node is safe forever

2024-12-02 11:53:53

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"i run my own bcash node"
I'll take "things that didn't happen for $1000 Alex"

2024-12-02 11:52:05

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again I do not care what you call it. I will continue to use the network that I can run myself on my laptop. I don't care that you say I don't need to, I have a different opinion. I will not use a network that I cannot validate myself. You are welcome to call it whatever you like. But the broader world calls that network bitcoin, so that's what I call it so people know what I'm talking about.
You, who are trying to deceive people, try to confuse them by calling the network with all the hashrate and market cap something else, and calling your failed contentious hardfork with no use and empty blocks "bitcoin".
Those are just names. For me, it's the one with the small blocks I am interested in.

2024-12-02 11:49:35

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"using your own wallet you can validate your own holding on the chain". This is not true and suggests you do not understand the technology all that well.
Without a full node validating the entire chain your "wallet" must rely on a 3rd party node to provide it the data. You cannot validate your own "holdings" without a full node with the entire chain validated.
In other words, bcash is not trustless.

2024-12-02 11:38:32

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the amazing thing about open source software is that you can run whatever version you want (well in the case of bcash you can't really run your own node, but putting that fact aside).
Some people wanted to trade security and decentralization for scalability. Others wanted to sacrifice throughput for cheap and easy validation.
I've studied both systems. I like the one with the small blocks. You should use the one with big blocks if you like. You can make all the payments you want. Of course, the value of your wealth stored in the network is going to zero... but at least you can buy coffee with it.
I will continue to use bitcoin, with it's small blocks, 1.5 trillion dollar market cap, and rapidly approaching global adoption.
It's amazing that we both get to choose which network we use. Good luck with your bcash, I'm sticking with bitcoin.

2024-12-02 06:20:47

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what's amusing is you say "decentralized" in the same paragraph where you say "but not everyone can run their own node". You justify that by saying "well, not everyone has to". But all you're really doing is contracting yourself.
If not everyone can run a node, then it's not trustless. It's really quite simple and has nothing to do with "banker talking points". I knew that I wanted to be able to validate the chain myself long before the "bankers" were involved in bitcoin. Before bcash was created, adding yet another failed contentious hardfork.
There is a reason that bcash is down 98%. And it's not "talking points". It's because many of us who have studied enough to understand what's important in a monetary network realize that bcash is a centralized garbage shitcoin.
Bitcoin only. You'll learn, one way or the other.

2024-11-25 04:14:53

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There will be no bitcoin users that are not internet users. You can stand by whatever silly fantasy you want it wont change reality.

2024-11-12 18:19:46

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Nothing sly or round-about about it. They print tokens, sell them for fiat, and buy treasuries with the fiat.
As for what will the fiat people do, they will lose their jobs, lose their homes, own nothing, and be very unhappy. That's their punishment for being too lazy or stupid or afraid to study bitcoin.

2024-11-11 08:35:46

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i don't really think that opting out of politics is the right way to go. Bitcoin is a tool that can help us wrench control of our governments from the Marxist central planners and have it start serving the people. Bitcoin does not remove government, it helps us fix it. If you opt out of giving a shit or participating in the process then you are missing an opportunity to help bitcoin fix it.

2024-11-06 11:53:44

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coldcard, hands down. I've tried most HW wallets on the market and it is first in class.
I don't use a hot wallet. I do not trade my bitcoin for anything right now. Some day i will trade some for things that improve the lives of those I love, but 75k in purchasing power is not nearly enough.

2024-11-05 13:55:13

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There are very real and present threats to bitcoin. Centralization of block template construction is a very serious problem. It's also quite possible that Core will soft-fork some bullshit into the system that will have unintended consequences that weaken the network. There are other threads as well but those two are big ones.

2024-11-05 03:13:28

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That's correct. It's important to understand the tax brackets on long term capital gains. The first $47,000 of long term capital gains (in the US) is taxed at 0%. So by selling that amount of bitcoin, you realize a gain, but it's a 0% taxed gain. Then when you buy back, your cost basis is set to the new purchase price. When you eventually sell you are taxed from the new tax basis.
It's a way to protecting $47,000 a year from taxes, every year.

2024-11-04 14:56:01

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I don't think you fully understood what I was describing. My selling and the immediately buying back you harvest the capital gain rate of 0% but lose no purchasing power of your bitcoin.
Your money never even touches a bank. You simply move $45,000 of bitcoin to an exchange, sell it, buy it back, and withdraw it

2024-11-04 08:13:19

One reason I'm selling some bitcoin right now: As a US citizen the long term capital gain rate for my status is $44,625 at 0%. If I do not take advantage of this, it's wasted.
So for example if I want to buy a house in 3years for $300,000 worth of bitcoin, I pay a lot of long term capital gains tax on that in the future when I want the house.
But if instead, in these years while I'm waiting, I sell $44,625 of bitcoin, take the 0% capital gain tax, and then immediately re-purchase the bitcoin, it adjusts my cost basis up by $44,625 per year. If I do this for 3 years, then when I'm ready to buy my house in 3 years, I have $133,875 of added cost basis, saving me 15% (or more) tax on all that.
If instead I ignore this opportunity and just hodl until I need the $300,000 I will pay dramatically more taxes.
Something to think about.

2024-10-31 18:24:52

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shitcoiner obsessed with his own face.

2024-10-31 15:31:35

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Ah yes, I see... you actually are a shitcoiner. Makes complete sense now.

2024-10-31 04:48:44

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what are you talking about "cryptocurrency"? There is bitcoin, and then there are 200,000 scams.
Bitcoin is the revolution, the rest are distractions attempting to steal your Bitcoin.

2024-10-31 00:28:47

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of course there is a way, global authoritarian surveillance, extreme use of force and violence, forced compliance. Totally possible.

2024-10-31 00:06:03

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there is absolutely no doubt i am a superior being to you. Sorry, comes down to genetics.

2024-10-29 16:00:55

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🙏

2024-10-29 15:17:42

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Same, I left the US years ago and have not gone back. There are better places.

2024-10-28 04:14:07

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I am not responsible for your ignorance, nor am I responsible for fixing it for you. There is an enormous amount of information available on this subject, and understanding it takes a great deal of time and effort. You have to do more than read someone's blog. You have to actually study.
Good luck with your shitcoin.

2024-10-28 03:57:27

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it's actually getting less concentrated. When you say "as far as I can tell" what that appears to mean is actually "I haven't really don't any research into this, and this is just what I imagine is happening, not based on empirical evidence."

2024-10-28 03:05:03

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bitcoin becomes more decentralized over time. Telling lies about that will not help your shitcoin.

2024-10-23 08:40:40

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Value is subjective, but price is the aggregate of that subjective opinion across the market. So when asked "what is the value of bitcoin" you only have two possible answers which meaningfully answer the question.
You either refuse to give an answer stating that it "makes no sense". Or you say "as of right now $66,698".

2024-10-23 04:45:18

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Yes I'm quite sure. Not only do you know nothing about Masonry, you have no interest in learning. You are speaking to a life long Mason, highly experienced, advanced in the craft, and you have not asked a single question. You are the type of guy who thinks you have all the answers when you actually know next to nothing. Dunning Kruger effect on full display.
Being ignorant, such as you are, is nothing to be ashamed of. Being willfully ignorant, such as you are, is.

2024-10-23 00:58:08

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You obviously know nothing about Freemasonry.

2024-10-13 19:38:40

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Mining is a way to turn electricity directly into money. Poor people don't have a lot of excess electricity, therefore mining is not a good option for them. Better to use their labor to earn fiat and then convert that into bitcoin.
It doesn't matter how you earn the bitcoin, mining or otherwise, it's the same result, you hold Bitcoin.
Shitcoins are a terrible idea and a great way for poor people to become even more poor.

2024-10-13 18:18:20

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so many things wrong with this post... but we'll start with "dead in the water" which is not even close to true. Microstrategy was netting 100 million a year before they adopted Bitcoin. Pretty far from dead.

2024-10-05 02:37:06

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they just can't help but mess with it. If it ain't broken, don't fix it. Bitcoin should be feature-complete now. Maintenance only going forward. But I'm sure that's not what will happen.
In particular soft-forking some bullshit in there (like covenants) that can be exploited or have unintended consequences is the biggest threat to bitcoin.

2024-10-04 09:52:09

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Raoul Pal, same guy who said "Tera Luna is basically risk free yield" and then it went to 0 in a day. The guy is a grifter.
Bitcoin only. Stay away from the shitcoins.

2024-09-24 22:16:06

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You've just answered your own questions... If you do not want to self-custody then many more than 100 million can have bitcoin. All 8.2 billion people can have it as long as you trust a 3rd party custodian.
And in the case that you don't trust a custodian you can keep it in your brain, or you can keep it in a vault, or you can burry it in your yard, or you can set up complex access with n of m keys being required to access it. You can do all kinds of fancy custody methods with bitcoin if you have self-custody options.

2024-09-23 18:14:05

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The idea that bitcoin's value going up will cause riots is absurd. You are suggesting that because your rocks are debaseable they are better, and that somehow a harder form of money will cause riots? Riots are cause by debasement of the currency. Something gold, but not bitcoin, suffers from.
Bitcoin is stored in your brain. Gold is kept in your butt. Enjoy your shiny yellow rock. Good luck.

2024-09-23 16:55:28

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Yes if you hold gold you will remain poor thanks to it's 2% yearly debasement. You also have to put it up your ass to transport it to places where the government is hostile.
Broken obsolete yellow rocks keep you poor, you got that right.

2024-09-23 16:46:03

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Yes that's right, anyone holding bitcoin becomes rich. But only about 100 million people will be able to own bitcoin because of the limits on the UTXO set.
Luckily for humanity Bitcoin will break the central banking cartel that exists on currency debasement which will set humanity free.

2024-09-22 20:55:11

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So you're saying poor people already hold gold... yup, checks out.

2024-09-22 01:39:27

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6 years in, never sold a single sat

2024-09-16 20:23:06

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Yes probably down. Interest rate cuts are not bullish for risk assets as they draw money out of risk and into bonds, because lower interest rates mean higher bond prices.
Global liquidity is what drives bitcoin. That won't happen until they start printing money again. That's not the same as cutting rates.

2024-09-16 20:17:18

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I completely disagree. The biggest threat to bitcoin is soft-forking something in that can be exploited or has unintended effects.
Bitcoin should be feature complete. That is not the same as ossification. Maintenance is necessary, but new features are not.
There is an ancient wisdom. "If it aint broken, don't fix it". You should study that wisdom.

2024-09-16 04:45:34

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if bitcoin remains open, permissionless, and decentralized then it's inevitable. But bitcoin remaining that is not in inevitable.

2024-09-08 22:33:12

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To guess a Bitcoin private key (256-bit number), the total number of possible private keys is:
2^256, which is approximately:
115,792,089,237,316,195,423,570,985,008,687,907,853,269,984,665,640,564,039,457,584,007,913,129,639,936
This number is astronomically large. For context, the estimated number of atoms in the observable universe is about 10^80.
Even with powerful computing hardware and optimized software, the time required to guess a valid private key through brute force would be virtually infinite.
Regarding the guessing of a 12-word mnemonic phrase, the entropy is 128 bits, so the number of possible combinations is:
2^128, which is approximately:
340,282,366,920,938,463,463,374,607,431,768,211,456
Both numbers are incredibly large, meaning that brute-forcing either a Bitcoin private key or a 12-word mnemonic phrase is computationally infeasible.

2024-09-08 19:15:47

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In that case the most likely problem is your SSD's throughput. Make sure you're using a very fast SSD with the proper high throughput cable. You can test your drive's throughput to verify this is the issue.
Beyond that, it's your network.

2024-09-08 17:46:03

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The early blocks were empty. It's the validation that takes time. Bigger cpu will speed it up.

2024-09-08 17:26:44

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I run a full node without pruning on a raspberry pi with a small SSD. If you believe bitcoin has a storage problem how do you expect anyone, outside a giant datacenter, to handle the kaspa chain with it's 10 bazillion tx per second?
The bottom line is that it's quite cheap and easy to run a bitcoin node that validates every single transaction in every single block. In contrast kaspa is impossible to validate unless you have millions of dollars of equipment running in a low latency data center.
They are not the same. Kaspa is not trustless, and as a result, it's a shitcoin.
Bitcoin does not have a storage problem. Kaspa has that, plus a validation problem.

2024-09-08 15:31:31

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all nodes validate all blocks and all transactions. If you think they are the same as kaspa which is not trustless then you misunderstand how this technology works.
Pruning a bitcoin node is not the same as allowing other nodes to do your validation for you.

2024-09-05 17:19:45

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There are many religious systems and many sacred books. You've chosen yours. Good for you. I hope it works out for you.
I won't debate you on the Bible, that's pointless with a true believer such as yourself. I'll just say that I have read it, multiple times, and I do not see it the same way you do.
Now you'll probably say that you'll pray for me or in some other way be patronizing or condescending. That's ok, I'll forgive you.
May Lord Shiva protect you from all harm and bless you with good health and vitality.

2024-09-05 05:08:24

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Have not tried a bitbox, but some issues I have with it. It requires being plugged into a computer and therefore cannot be used airgapped. It does not allow you to create your own entropy.
It appears to be focused as a discount device. Something you can get into for a low price. If that's what you want, maybe it's a good entry level device. Then again, I'm not sure a discount HW wallet is a great idea in the first place.
Perhaps I will buy one to check it out.

2024-09-05 03:59:17

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Yes. My opinion is based on owning most of the major HW wallets. They all have their pros and cons. The jade however seems like the cheapest of them. The button (the little stick thing) feels like it's going to break off, the casing seems thin and cheap. It just seems like a junk product compared to the others.
In fact I would prefer any other HW wallet I've tried to the Jade. Cannot recommend it. I'd rather use Ledger or Trezor to the jade. And like I said, ColdCard is best in class in my experience.
Yes it's my opinion. An informed, experienced, and unbiased opinion.

2024-09-05 03:43:33

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I got a couple of these. They are pretty cheap and flimsy. Pretty much crap. I prefer the coldcard.

2024-09-03 18:00:01

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I asked chatgpt-4o how many r's in strawberry and it said 2. I'm not worried.
And as a professional software engineer who uses AI on a daily basis I can tell you that while it IS going to take some jobs, it's also going to level off soon.
AI right now is at that stage like nuclear power was in the 1950's. We have fission, it's only a matter of time until we have cold fusion reactors... yeah well, it actually requires another substantial breakthrough for that and it's not 80 years later and we still can't do it... and not for a lack of trying.
But if your job only requires a 90 IQ you might be in serious shit from AI soon.

2024-09-02 23:27:16

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Sometimes it's best to just mortgage it. You always need a place to live.

2024-09-02 21:45:06

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I don't think there is any way they let Trump be president again. And they are probably due for another major crisis to justify the liquidity injection required to finance the debt through 2025.
Who knows what those fuckers have up their sleeve.
I suppose one option they have is to let Trump be president and then create a crisis big enough that they can just completely override anything he wants to do. Like let of a nuke in some European City and blame it on Russia. In that case the military would just step in and run the show, creating such chaos that Trump's domestic policy would go nowhere.
Another option would be to do a proper assassination of Trump. Just put a sidewinder missile into his private jet. If the CIA can really control the military they could probably do that. Just blame it on a terrorist bomb or something like that.
The one thing that seems completely unlikely to me is they let Trump be president, let him stop the war in Ukraine, let me drive his domestic agenda, let me defund large aspects of the federal government, let the US treasury market implode when the debt rolls over in 2025, and quietly sit by while we all build freedom technologies. That seems pretty unlikely.
So a crisis coming? Yeah, probably. And the money print they need this time is going to require something bigger than 911, bigger than GFC, and bigger than Covid.

2024-09-02 20:54:18

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The best and most creative musicians typically had little to know understanding of music theory. It was all intuition.
There is an argument to be made that the theory interferes with the natural intuition.

2024-08-31 12:47:33

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So it should be illegal to have a picture of a naked person? That seems quite authoritarian.

2024-08-30 20:29:17

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Yes. And you're saying your 16 year old son is a child. When is he an adult in your eyes? The day he turns 18, or is this a process that happens gradually over time?
You see what I'm getting at? And thanks for your response. Genuinely interested in your opinions on this.

2024-08-30 07:21:37

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because the tx throughput is so massive it's impossible for a node to validate the entire tx set and is therefore not trustless. The only way to run kaspa trustlessly is to have a massive stack of servers sitting in a low latency datacenter.
It's a shitcoin.

2024-08-29 18:08:23

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Ah I see from your website that you are also a shitcoiner. Yeah, I'm going to just go ahead and ignore you now.

2024-08-29 17:50:42

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Ah, socialism via UBI. No thank you. As far as "totally doable" the federal debt is 34 trillion dollars, you think a sales tax is going to fix that? They are adding 1 trillion in debt every 100 days.
You will never see the removal of income tax.
Study #Bitcoin, that's your best bet.

2024-08-29 12:24:26

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Monero is terrible as money far worse than bitcoin. It's a worse store of value, it's accepted less places so it's a worse medium of exchange, and it's just as bad as bitcoin as a unity of account due to it's wild fluctuations in purchasing power.
Monero is good at one things, making secret payments when you are trying to hide your financial transactions

2024-08-29 08:44:04

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Money:
1. store of value
2. medium of exchange
3. unit of account
There is no good money on Earth right now. I use bitcoin for #1 and eventually the others will follow.

2024-08-29 07:21:55

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I just fucking did it for you, lol. Run that script and see for yourself.

2024-08-29 07:21:01

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I'm not arguing "against Monero" I'm simply helping you understand the differences between an open public ledger that can easily be audited with someone with basic python skills and a protocol that requires complex cryptographic proofs just to ask it how many coins there are.

2024-08-29 07:15:39

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do you see how easy that was? Simple arithmetic. Now compare that to the logic required to attempt to verify Monero:
transaction.verify_pedersen_commitments():
transaction.verify_bulletproofs():
transaction.verify_ring_signatures():
have a look in the Monero python cryptography libraries for those functions. So much for simple arithmetic. They are vastly complex, certainly beyond my ability to understand. Maybe you're a better software engineer and cryptographer than me.
So your argument that "Monero can be audited too" is just simply invalid. It's not the same, apples and oranges.