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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.

30,471 görüntüleme • 1 ay önce •via X (Twitter)

30 Yorum

1-year Coinbase Maturity Dave BIP-110⚡️ profil fotoğrafı
1-year Coinbase Maturity Dave BIP-110⚡️1 ay önce

“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.

MoparMiningLLC profil fotoğrafı
MoparMiningLLC1 ay önce

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.

XBT Discipline profil fotoğrafı
XBT Discipline1 ay önce

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

XBT StackItDeep 🪢 profil fotoğrafı
XBT StackItDeep 🪢1 ay önce

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

Uvas profil fotoğrafı
Uvas1 ay önce

I'm sorry no one liked your soft fork.

Lilly profil fotoğrafı
Lilly1 ay önce

heyyy

Cøbra profil fotoğrafı
Cøbra1 ay önce

Oh no, you're still here. 🤡🤡🤡🤡🤡🤡🤡

Dr. Anton profil fotoğrafı
Dr. Anton1 ay önce

So the same applied 5 years ago?

Luis Marcano 🦉 Bitcoin profil fotoğrafı
Luis Marcano 🦉 Bitcoin1 ay önce

Grajear to see you back on track 👏🏽

Information profil fotoğrafı
Information1 ay önce

Welcome back!

Toine profil fotoğrafı
Toine1 ay önce

Welcome back

Adiney 🟡 ₿itcoin 🪢 X₿T profil fotoğrafı
Adiney 🟡 ₿itcoin 🪢 X₿T1 ay önce

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

rockabillyguitar profil fotoğrafı
rockabillyguitar1 ay önce

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

Bonato BIP-110: Digging Mithril we found a Balrog. profil fotoğrafı
Bonato BIP-110: Digging Mithril we found a Balrog.1 ay önce

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.

pr123 profil fotoğrafı
pr1231 ay önce

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.

Balkan Hodl profil fotoğrafı
Balkan Hodl1 ay önce

Great to see you alive and well🔥

rockabillyguitar profil fotoğrafı
rockabillyguitar1 ay önce

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

Aussie Bitcoin Pleb profil fotoğrafı
Aussie Bitcoin Pleb1 ay önce

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.

smartmark23 profil fotoğrafı
smartmark231 ay önce

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

BRODA profil fotoğrafı
BRODA1 ay önce

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

Hardfork Šimek 💛🖤 profil fotoğrafı
Hardfork Šimek 💛🖤1 ay önce

Welcome back!

OB1 profil fotoğrafı
OB11 ay önce

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."?

🟠 Dibalik.btc Anti-ShitcoinCore™ #BIP-110 #XBT profil fotoğrafı
🟠 Dibalik.btc Anti-ShitcoinCore™ #BIP-110 #XBT1 ay önce

Happy to hear you coming back

beyondField profil fotoğrafı
beyondField1 ay önce

Or delete a message on WhatsApp thinking is no where

Jack 🪢 XBT profil fotoğrafı
Jack 🪢 XBT1 ay önce

Welcome back man, you were missed 🫡

An Honest Node profil fotoğrafı
An Honest Node1 ay önce

@Versie21M Yeah, tell that to somebody escaping tyrants

Anonymous Visitor profil fotoğrafı
Anonymous Visitor1 ay önce

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.

nope profil fotoğrafı
nope1 ay önce

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

Caged Bird Sings, "Singing Is Resistance" profil fotoğrafı
Caged Bird Sings, "Singing Is Resistance"1 ay önce

Summary: Peter Todd is EVIL.

7Bluerabbits 🏴󠁧󠁢󠁥󠁮󠁧󠁿🪢 profil fotoğrafı
7Bluerabbits 🏴󠁧󠁢󠁥󠁮󠁧󠁿🪢1 ay önce

Awesome 👍

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