/ rattie_lives is on Nostr

"03da97775ec424f04bebc1bb18cf53abe22aaa23a494479241b8b38af5063e6b326849071b0df43f602ecbbaaa98c6b0a02d60cc2372d60327eb42cf28f5f021"

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2024-12-15 18:39:42

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If anything, pumping a fully paper asset should be easier than a real one.
At least people understand crypto is just a casino. Horse race betting at best.

2024-12-15 18:37:50

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>In most cases it may be even better to use established fiat systems than using any of those crippled Bitcoin services.
Bitcoin Maxis have been advocating this for years now.
Now they're laughing in our face, because their number goes up, and nothing else matters for them more.
"Pay your taxes and enjoy gains." It's sad.

2024-12-14 09:48:32

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Yes. Imagine being born today!
What a loser you would grow to become.
By the time you're old enough to buy Bitcoin, it'll be year 2040, and its price will be in $50,000,000 - $100,000,000 range. You won't be able to own more than just a few thousand satoshis, and even worse, you won't own it through UTXOs, because network fees for relaying just one transaction on-chain would be like $1000. Oh, no. Your sats will be held by a bank, and your employer will pay you wages using a bank transfer. God forbid you rise up against the authorities, the bank will freeze your satoshis, and then your social credit score will plummet.
Guys who bought Bitcoin in 2010-2015 will be immortal cyber demi-gods, who own entire regions and continents.
Guys who bought it in 2016-2025 will be CEOs and bosses of you, and will tell you where to go, what to do, and will push you around with incredibly low wages. They will be able to get limitless resources by putting their coins into a forever growing trust fund.
Guys who bought Bitcoin in 2026-2035 will be the last ones to party, as their custodial-held coins will be taxed heavily and most they'd be able to do, is pay off their mortgage. But not their medical or student loans.
After 2035, all the remaining Bitcoin would've already been bought up and stored by whales, central banks, and corporate wallets.
It's sad how bad those kids born today will have it in life...

2024-11-16 08:34:20

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Wait, I think Binance still has XMR futures being traded?
https://www.binance.com/en/futures/XMRUSDT
Not the actual asset, just futures. Very sneaky. I think most exchanges will do this eventually.
We'll end up with two prices of Monero: the "above ground" CEX paper price, and the "street" price on DEX.

2024-11-16 08:34:20

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2024-10-30 07:39:40

Makes sense, I'm thinking the same. My biggest point against self-custody is that ordinary people are not made of concrete and stone like banks. People can be robbed, mauled, shot at, kidnapped, or worse. Banks and money custodians exist for a reason, because they can resist physical attacks much better than regular person, and are completely resistant to blackmail and abduction.

2024-10-30 07:39:40

2024-10-29 10:11:50

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BCH's privacy problem could be fixed by everyone shuffling their coins all the time. It would not be a burden on the chain, as BCH can efficiently prune and enable some next-gen scaling like UTXO commitments, making storage of the whole chain all the time a thing of the past.
Monero doesn't scale, like, at all. Every node must keep 100% of the blockchain, all the time, forever. Especially with the recent full-chain membership proofs, any transaction from anywhere can be a member of the ring. As usage grows, Monero blockchain will grow out exponentially, and the need to constantly scan blocks for transactions will clog volunteer non-mining nodes.
I see only grim future and unfixable obstacles for XMR.

2024-10-27 17:36:04

I mean, what even is the point when it's all tied to horrible billionaire-shilled bloatchain that's BTC?
Don't want to be a part of this. Don't want to hear about BTC. I hate it, I despise it, I want it destroyed.
Hopefully I won't have to wait long for that. BTC will implode after a few more halvings.

2024-10-27 17:30:52

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Surely there are some other projects out there?
What about BCH?

2024-10-27 17:27:52

https://image.nostr.build/29e9e1df76a37eec51dd11348d3ab7287eaba318773d2efb4255227eb4a848cd.jpg
It's funny how iris is still new.
Still, they mention sats and I see Bitcoin signs everywhere. That's a bad thing obviously.

2024-10-27 17:26:21

https://image.nostr.build/f2fb5f4ede8d0313039df8acf769e892ff6879be5266895cd23f9c48fab8fad5.jpg