Federico Tenga @[email protected]
Working on Bitcoin projects, you can read some of my stuff at https://medium.com/@FedericoTenga
Joined Aug 2018
Which other asset has so many manic holders not willing to sell even after making 10x to 1000x profits?
Normal market cycles heuristics don't apply to bitcoin
My price target for bitcoin is whatever guarantees enough incentives to completely obscure the sun with orbital mining satellites
Now every single person in the world has someone richer than him who invested in bitcoin
Regulators and bureaucrats are literally in panic mode just because people can write numbers on a ledger without asking permission
AML laws are not only privacy destroying, but also ridiculously ineffective:
"Anti-money laundering policy intervention has less than 0.1 percent impact on criminal finances, compliance costs exceed recovered criminal funds more than a hundred times over, and banks, taxpayers and ordinary citizens are penalized more than criminal enterprises."
https://www.tandfonline.com/doi/full/10.1080/25741292.2020.1725366
Federico Tenga
boosted
@nvk The world isn't perfect. Having bitcoinhackers.org is still a huge improvement over Twitter. You don't need to solve every problem perfectly, first try.
Everyone will be so depressed when bitcoin will crash -25% below 100k
Mastodon is great but just don't use it for DMs, there is no end-to-end encryption and @nvk can read everything
Let's hope that at least here Mastodon we don't get invaded by discussions about American politics
Make Mastodon Great Again
Glad to see some activity over here again, hopefully this time we get some critical mass to keep this going
My experience from gifting some satoshis to the next generation
https://medium.com/@FedericoTenga/gifting-satoshis-to-future-generations-5fc324ae2c22?source=friends_link&sk=dd51d1072545cd97fa7427006e12fc5c
“No private entity can claim monetary power, which is inherent to the sovereignty of nations”
Nation states won't give up monetary monopoly without a fight. Probably big corporation are still not powerful enough to directly compete with governments, right now only Bitcoin can do it as it wisely moved the battlefield outside of bureaucrats comfort-zone
https://www.reuters.com/article/us-facebook-cryptocurrency-france-german-idUSKCN1VY1XU
New proposal for distributed storage. No useless token or dedicated blockchain, just pay in bitcoin for a service
Federico Tenga
boosted
Despite their claims, @[email protected]'s hosted mining services are absolutely a centralisation risk, just like any other hosted mining.
If you're going to buy hosted mining anyway, pick a small-hashrate company to provide it, but don't fool yourself into thinking it's comparable to actually mining yourself.
(BetterHash only helps when you physically control the hardware.)
Shit, I just destroyed my Cold Card wallet by forgetting the PIN. I set it up months ago, never put any money on it, now I wanted to start using it but I have no idea what PIN I used
I had no idea it was impossible to reset the device without the PIN
Working on Bitcoin projects, you can read some of my stuff at https://medium.com/@FedericoTenga
Joined Aug 2018
