Proof of Stake requires trust in top Stakers b/c there's no way to countervail their higher stake. Proof of Work requires zero trust in top Hashers b/c it's always getting cheaper/easier to countervail their higher hash. It's that simple. twitter.com/BitcoinMagazin…
The Lightning Dev Kit project is building tools and libraries that make it easy to integrate #Lightning features in #Bitcoin wallets: lightningdevkit.org @spiralbtc @jack ⚡️ pic.twitter.com/P2VO1Ejs5P
Fees will collapse, gas will become abundant, tokens will largely fail to capture any economic rent outside aside from their use as a censorship resistant store of value. twitter.com/QwQiao/status/…
The single biggest “risk” for Bitcoin IMO is the aggressive way the block reward subsidy drops. It’s a dangerous game of Russian roulette in which the Bitcoin network pulls the trigger and prays the price shoots up. So far it’s worked out fine though. Thoughts?
If you use the #lightningnetwork for the 1st time you need to know the channel graph & existing nodes from gossip. From whom & where to download this info on 1st usage? @Snyke @darosior & @roasbeef for @lightning labs run DNS seed servers for bootstrap. #24herosOfLightning thx!
Ethereum is useful f/lots of reasons, but sovereignty isn't 1 of them. This is why PoW is more secure than PoS. The fundamental security flaw of PoS is that it gets increasingly harder to countervail the control authority of stakers over time, forcing users to trust them pic.twitter.com/LhH6MOVpFp
Proof-of-Work versus Proof-of-Stake redux The difference between PoW and PoS becomes starkly clear once you understand these 2 things: * PoS is a modified, weaker form of PoW * Energy efficiency and conservation of energy A thread. 1/
Del Bigtree (The HighWire) interview, one on my most important ones yet. We will soon make it available in several languages. Please share! …ea01.safelinks.protection.outlook.com/?url=https%3A%… Follow me on Telegram! Geert Vanden Bossche - Voice for Science & Solidarity
BREAKING: The President of El Salvador just announced that they have bought 420 new bitcoin. The nation state continues to buy the dip.
Understand #Bitcoin like a pro Here are 10 best YouTube discussions on Bitcoin 👇 $BTC
I'm not pro-ivermectin or pro-fluvoxamine. I'm pro-medicine - as it's been practiced for a 100 years. Not by bureaucratic fiat, but by physicians and patients finding their way together. The way we still practice in every other area of medicine aside from pandemic response.
In 2008-09, when the Fed started quantitative easing, I thought that inflation would take off. I was wrong. Instead, velocity - the rate at which money turns over per year - declined, taking away its inflationary sting. Velocity still is falling. twitter.com/jack/status/14…
"There's a lot of unused green power in the world. Quebec province has unused hydropower that is two times more than the #Bitcoin network. That province could run the entire Bitcoin network and have spare capacity left over." - @adam3us pic.twitter.com/xK7WPSpkBS
#Bitcoin is growing faster than Tesla, Apple and Amazon. pic.twitter.com/JPy0HgvLGW
NEW - Argentina's largest futures market to create #Bitcoin futures & options contracts pic.twitter.com/LwLFfdExAn
The blockchain itself is decentralised but what CBN has done is to build a centralised frontend with a static ie stablecoin(a cryptocurrency derivative) as its asset. Now this asset in paper money is inflationary since its pegged to the current fiat Naira puntured by deductibles. twitter.com/thecableng/sta…
BREAKING: The Korea Teacher's Credit Union, which has more than $45 billion in assets, is now purchasing bitcoin for their balance sheet. (h/t @iamjosephyoung)
BREAKING: Mastercard set to announce plan to allow all merchants to accept #Bitcoin and offer $BTC rewards – CNBC pic.twitter.com/ApqxFJuV4q
Not "legalized plunder". It's theft. The supply of the fraudulent money of the State is increasing yearly by design; this is called "Inflation". This is the real face of the McDonald's menu from the early 1970s. Inflation is not fascinating or a fun fact; it's criminal theft. pic.twitter.com/A35yCvXyck
In 1972, the man in the picture above could have gone to McDonald's on his pension and eaten a full meal. Today, he can't. The amount of his pension has not increased with the increase in the money supply (Inflation). Bitcoin fixes this, because the supply of money will be fixed. pic.twitter.com/whG4x39nTb
In a pinch, the price of BTC vs each fiat currency may be the best single measure of inflation. But it is possible that Google may stop showing this info, and centralized exchanges may come under pressure. This is why on-chain price feeds are more important than many think. pic.twitter.com/hthR8x9R6y
Inflation since 1800. Incredible to think that prices FELL over the course of the 19th century. So normalised are we to fiat, we think rising prices are normal. #Bitcoin fixes this. So does #Gold pic.twitter.com/ixwyZ2PS91
