I’m Hoarding Bitcoins, and No You Can’t Have Any
https://nakamotoinstitute.org/mempool/im-hoarding-bitcoins-and-no-you-cant-have-any/
Unfortunately, Andreas falsely claiming a double spend did _not_ happen is dangerous: people have to realize that a single confirmation is not an absolute guarantee.
This case was ~$20, and looks like someone was just moving money between different wallets.
But if you're accepting a payment large enough that you can't risk even a very low chance of a double spend, you _do_ need to wait for multiple confirmations. Claiming otherwise could lead to people losing money.
RT @DocumentBitcoin
75% of all dollars were printed after #bitcoin was created.
RT @HectorRosekrans
A deflationary currency will lead to lower time preference, less mindless consumption, and an end to the rat race necessitated by inflation
Reducing mindless consumption is the #1 thing we all can do to fight climate change, and Bitcoin is the incentive mechanism https://twitter.com/buildsoil/status/1335418912876347394
The question now is: Are you less likely to die of COVID-19 when convicted of a crime or are Texas county jails filled with 80% innocent people (until proven guilty)?
https://www.vox.com/platform/amp/2020/11/12/21562278/jails-prisons-texas-covid-19-coronavirus-crime-prisoners-death
Ahahahahahahahaha 😂
AND ITS GONE: Popular BSV multisig provides no security at all and eventually the coins all go poof. - bsv
https://www.reddit.com/r/bsv/comments/jq9jv3/and_its_gone_popular_bsv_multisig_provides_no/
This is the reason why I urge anybody to not lend out their bitcoin to gain interest. It's just too risky - especially if you expect the price to go up significantly.
And let's be honest - although bitcoin has utility regardless of price, all of us expect the price to go up significantly even if we're never selling our coins.
@zechendorf - I'm with you.
It would be great to have some of the prominent #bitcoin personalities over here but if I can engage in thoughtful #bitcoin conversation here I an ultimately better off. I can avoid all the distractions and BS on twitter and vote with my feet against twitter censorship.
Disturbing reports that Google Play is threatening to kick out Mastodon apps. See:
https://mastodon.social/@Gargron/104763960269049818
https://toot.fedilab.app/@fedilab/104765191594914330
App stores have a track record of acting capriciously & are also easy targets for gov't censors (including Trump). This is why alternatives like @fdroidorg are so important for user freedom.
If unfamiliar: F-Droid is a free & open source app you can use to install other Android apps, with focus on free & open source software. Get it here:
Anybody interested in inbound #lightning capacity? Shill me you node!
Anarchist. Bitcoin maximalist.