Pinned toot

Bitcoin's unique value proposition:

1/

Bitcoin makes it possible to electronically transfer funds directly between two parties without the need for a trusted third party.

don't like to be aware of coins drama...

tracyspacy boosted

Good breakdown on the "upgrade" that allowed in its wake a 51% attack by the two top miners to collude and choose which tx's to accept -- twitter.com/TheCryptoconomy/st
Its what we suspected all along, that is a centralized forking mess, that allows a few bad actors to enforce their rules on the participants.

tracyspacy boosted

This article is a great writeup about how the core assumptions of are fundamentally incorrect, compared with uptake by
medium.com/coinmonks/why-ether

tracyspacy boosted
tracyspacy boosted

bch pools forming a cartel to cut 12.5% of miners rewards and redirect it towards a developers fund.
Welcome to miners taxation!

medium.com/@jiangzhuoer/infras

bch pools forming a cartel to cut 12.5% of miners rewards and redirect it towards a developers fund.
Welcome to miners taxation!

medium.com/@jiangzhuoer/infras

They taught you money has 4 functions:
- medium of exchange
- unit of account
- standard of value
- store of value
But they forgot to tell, that they are speaking about 1875s money, when the gold standard was in place.
Today's fiat is not store of value anymore.

tracyspacy boosted

@tracyspacy Tell myself to set it further back, then take a nap.

tracyspacy boosted

Imagine your government issued stablecoin backed by fiat 1:1.
Question: Considering Tether and co already exist what you gonna use?

🔮 Imagine time machine and all that crap, you traveled back to 21th January 2019 ⏰ .
What you gonna do?

Beer prices in 1950-2019 in EUR and Gold. 1950 is the base

Cumulative funds lost from exchange hacks according to Messari

just boosted my own toot, am I turning to the dark side? 😱

Who wants to hold bitcoin :bitcoin: if one can just gamble on price movements of bitcoin :bitcoin: owned by others 🤢

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