brettinthewoods / BrettInTheWoods is on Nostr

God-fearing Bitcoiner

Last Notes

2023-10-02 23:36:45

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Yes, DNMs adding Monero but not removing Bitcoin.
I think that momentum speaks more to Monero being better than ZCash and MimbleWimble
That said, I’ve seen ransomware discounts as high as 10% for paying in Monero over Bitcoin. That’s not nothing.

2023-10-02 22:52:58

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Always a Bitcoin maxi BUT I dipped my toe into Monero not long ago. Lots of FUD surrounding Monero, esp around mining, decentralization, supply audits, etc.
What ultimately turned me off of it was liquidity. Even DNMs are far more likely to accept Bitcoin than Monero. It’s much easier to pay with Bitcoin or turn Bitcoin into USD. Most of the KYC-free buying of Monero involves buying Bitcoin first.
Also pseudonymous, unconfiscatable, and uncensorable are 99.9% as good as true anonymity.

2023-08-29 13:59:20

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I finally made the jump. Nostr feels so much more alive and human. Twitter feels so soulless and corporate.

2022-12-22 06:05:37

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high energy use is a feature because it ties a real world cost to the issuance of Bitcoin AND to attacking the network.
It’s not that I can’t think of a better way. I don’t see a fault…

2022-12-21 00:06:53

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Hey Bit, reading your other replies, you obviously have thought about this more and more technically than most.
That said, I think you’re reading about PoW from people who don’t understand it. PoW is an incorruptible clock to ensure the order of transactions in the ledger is accurate. https://dergigi.com/2021/01/14/bitcoin-is-time/