Francis / FRANCIS - BULLBITCOIN.COM ⭐ is on Nostr

Founder of BullBitcoin.com

Last Notes

2024-09-07 17:53:45

what it's like ordering raw milk and grassfed beef and get it delivered in the jungle in Costa Rica
#note1e30…3492

2024-09-07 17:53:45

what it's like ordering raw milk and grassfed beef and get it delivered in the jungle in Costa Rica
#note1e30…3492

2024-09-07 17:52:59

there is a contrarian position on this... the Bitcoin Core clique of devs is very hermetic and exclusive, and one could argue that giving too much money to the same clique of people is counterproductive in the long term but if this was true one would also fund other groups of devs simultaneously (e.g. Knots, BDK) and especially one would also fund non-protocol developers as well. I have no confidence in the Bitcoin Core development process at all (especially since speedy trial).
#note1snf…m039

2024-09-07 17:52:59

2024-09-07 17:52:01

*The Rare Sat Lie*
Let's start with some facts.
You cannot own a satoshi (sat). You can only own a utxo, who's value is measured in sats. Just like you cannot own a "kilogram" but you can own something which weights a kilogram.
The idea that a sat can be rare is a lie, since sats don't exist.
A utxo also cannot be sold, because as soon as it is spent, a completely new utxo is created, and the creation of this new utxo makes the previous utxo (which you wanted to sell) spent. To act of spending "an unspent transaction output" (UTXO) transforms it into something fundamentally different, a "spent transaction output" (STXO) and creates a new UTXO.
The idea that a utxo can be sold is a lie, since even utxos cannot be sold.
The idea that a rare sat from a "special" utxo can be bought is thus a double lie.

2024-09-07 17:52:01