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Talking about "self-custody" on a network with mining as centralized as Bitcoin is as a silly as thinking you have sovereignty over the money in your bank account because you're the only person who knows your login password.

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26,683 subscribers

30,220 Aufrufe • vor 27 Tagen •via X (Twitter)

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30 Kommentare

Profilbild von 1-year Coinbase Maturity Dave BIP-110⚡️

1-year Coinbase Maturity Dave BIP-110⚡️vor 27 Tagen

“We did a soft fork that made it so that you can’t spend Coinbase rewards (which is what miners get paid with) for 45 days after they get mined. And what that meant was all of these miners that couldn’t care less about the health of the network weren’t able to instantly sell all their coins for fiat. And that just made the price go up and up and up. So a lot of them quit, while a lot of miners didn’t quit who were just hodlers. And it occurred to me that that is basically a hard and fast principle inside a blockchain: the less you pay miners, the greater a percentage of the remaining miners are there because they need to protect the network, not because they want to get a cheap, quick payday. The more you pay miners, the worse that ratio gets." Well said.

Profilbild von MoparMiningLLC

MoparMiningLLCvor 27 Tagen

lol coming from a guy who shitcoins. You simply do not understand Bitcoin so you rage against it with your bs fud. Miners can change pools fast - look at Ocean when it backed your shitcoin fork - they lost over 80% of their miners within 48 hours - and the miners came back when Ocean started mining Bitcoin again. Pools may have the "power" you claim but they only have it as long as they do what the miners want. It's like saying your car has all the power - well, it can only use that power when you put your foot on the gas.

Profilbild von XBT Discipline

XBT Disciplinevor 27 Tagen

Great to see you again! I'll watch the video later, thanks!

Profilbild von XBT StackItDeep 🪢

XBT StackItDeep 🪢vor 27 Tagen

I went through Mechanic withdrawal - there were some very difficult days. Now that you're back, I think we're both stronger for it. But, please don't leave for a month again. lol

Profilbild von Uvas

Uvasvor 27 Tagen

I'm sorry no one liked your soft fork.

Profilbild von Lilly

Lillyvor 27 Tagen

heyyy

Profilbild von Cøbra

Cøbravor 27 Tagen

Oh no, you're still here. 🤡🤡🤡🤡🤡🤡🤡

Profilbild von Dr. Anton

Dr. Antonvor 27 Tagen

So the same applied 5 years ago?

Profilbild von Luis Marcano 🦉 Bitcoin

Luis Marcano 🦉 Bitcoinvor 27 Tagen

Grajear to see you back on track 👏🏽

Profilbild von Information

Informationvor 27 Tagen

Welcome back!

Profilbild von Toine

Toinevor 27 Tagen

Welcome back

Profilbild von Adiney 🟡 ₿itcoin 🪢 X₿T

Adiney 🟡 ₿itcoin 🪢 X₿Tvor 27 Tagen

As always, an enlightening insight about mining. Long live DATUM

Profilbild von rockabillyguitar

rockabillyguitarvor 27 Tagen

People on sha256 may as well just buy some stocks. Same thing. Or stocks may be batter

Profilbild von Bonato BIP-110: Digging Mithril we found a Balrog.

Bonato BIP-110: Digging Mithril we found a Balrog.vor 27 Tagen

Good comparison. The banks are held by the necessity to keep the illusion going, just like the miner oligopoly has to maintain the illusion...for now. But those things don't last. It is certainly not the future. Minercoin can at best become a money printer, but not defeat it.

Profilbild von pr123

pr123vor 27 Tagen

Scaling with big blocks solves the problem. Because tx's become so cheap that you can split $1000 into 1000 unrelated addresses which are never reused, so no one can track your coins. With small blocks tx are expensive so get grouped together. And with few txs it's easy to trace.

Profilbild von Balkan Hodl

Balkan Hodlvor 27 Tagen

Great to see you alive and well🔥

Profilbild von rockabillyguitar

rockabillyguitarvor 27 Tagen

Man this is so true and so many people just stuck there head in the sand

Profilbild von Aussie Bitcoin Pleb

Aussie Bitcoin Plebvor 27 Tagen

You’re back! Haven’t watched yet but was hoping the break allowed you to come to your senses… Please tell me you’re not still XBT’ing bro? You’re better than that.

Profilbild von smartmark23

smartmark23vor 27 Tagen

Grow up man. Mining is how it is now, because you refuse to be a miner.

Profilbild von BRODA

BRODAvor 27 Tagen

Everyone who would fight against the abuse of the network by centralized miners already left. Btc is all fur coat and no trousers now.

Profilbild von Hardfork Šimek 💛🖤

Hardfork Šimek 💛🖤vor 27 Tagen

Welcome back!

Profilbild von OB1

OB1vor 27 Tagen

Can you find one transaction that has been blocked by miners on the Bitcoin network since Jan 2009. Then, when you're done, can you explain how you justify blocking miners rewards for 365 days on the shitfork you and a few other commies dare call the "real Bitcoin."?

Profilbild von 🟠 Dibalik.btc Anti-ShitcoinCore™ #BIP-110 #XBT

🟠 Dibalik.btc Anti-ShitcoinCore™ #BIP-110 #XBTvor 27 Tagen

Happy to hear you coming back

Profilbild von beyondField

beyondFieldvor 27 Tagen

Or delete a message on WhatsApp thinking is no where

Profilbild von Jack 🪢 XBT

Jack 🪢 XBTvor 27 Tagen

Welcome back man, you were missed 🫡

Profilbild von An Honest Node

An Honest Nodevor 27 Tagen

@Versie21M Yeah, tell that to somebody escaping tyrants

Profilbild von Anonymous Visitor

Anonymous Visitorvor 27 Tagen

Will you stop slop and drop if we all agree with you and move on? I mean, I'm willing to say you're correct. About as correct as all the other retards hanging around the Bitcoin space. Please for the love of Luke's god, just STFU already.

Profilbild von nope

nopevor 27 Tagen

You can’t centralize power. Don’t be silly.

Profilbild von Caged Bird Sings, "Singing Is Resistance"

Caged Bird Sings, "Singing Is Resistance"vor 27 Tagen

Summary: Peter Todd is EVIL.

Profilbild von 7Bluerabbits 🏴󠁧󠁢󠁥󠁮󠁧󠁿🪢

7Bluerabbits 🏴󠁧󠁢󠁥󠁮󠁧󠁿🪢vor 27 Tagen

Awesome 👍

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