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@aeonBTC
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🗝️Nullius In Verba⚖️ #Bitcoin Rationalist | #Privacy Activist | #Adversarial Maximalist | Researcher | Educator | Musician | Philosopher
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Currently
#Dogecoin
is beating
#BitcoinCash
in on-chain tx volume. Goes to show that
#Bcash
is nothing but marketing gimmicks and sockpuppets trying to confuse uneducated investors.
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Forget Binance
Forget CZ
Forget the ETF
Forget L2 scaling
This is the most important news story in
#Bitcoin
right now.
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$UST bank run in progress. Imagine being a Bitcoin maxi and celebrating the
@stablekwon
ponzi buying BTC that it will eventually have to dump on the market. Hats off to people like
@coryklippsten
for calling out this garbage when very few did.
Massive withdrawals from Anchor Protocol past hour, frequency increasing
There's only $300MM left of exit liquidity left on pool 53 before BTC peg
Hope this isn't how it starts -- on a low liquidity weekend
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The state is well aware of this attack vector.
Advocating for government approval and regulation of
#Bitcoin
mining is a reverse trojan horse that can lead to on-chain censorship.
White market hash is 100% a security risk.
The only secure hash is unknown (black market) hash.
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Default
#Bitcoin
Core block template vs
@ocean_mining
block template.
-0.15 BTC / -$6600 / -17% less fees for ocean pool users.
Economically irrational behavior does not fare well in free market environments.
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@MichaelPSenger
These people are just advertisers for big pharma. Broad immunity means having more than just immunity to the spike protein. Broad immunity comes from your own immune system overcoming the entire virus.
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Bitcoin Maxis: Everything will be built on Bitcoin!
Also Bitcoin Maxis: Nooo! Don't build that on Bitcoin!
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Bitcoin is algorithmically enforced anarchy, there are rules but there are no rulers. Many people cannot stand this fact, they may claim to be anarchist/libertarian/voluntaryist but slowly Bitcoin reveals them.
This phenomenon is also known as Bitcoin Derangement Syndrome.
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All of these transactions are overpaying fees.
Even at these levels next block fee is only 0.00003100 BTC ($0.15).
Fees aren't high, the fee estimators are...
1. Use wallets with custom fees, RBF, and CPFP
2. Manually check mempool before each tx
3. Optimize for next block.
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Veriblock was the project that used BTC txs as a means to secure its own chain, so-called Proof of Proof. This is what happens when you try to ride on the coattails of BTC's success. You get priced out because your coin has no use-case other than gimmicks that profit the founders
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Satoshi Nakamoto drastically changed the world forever without ever needing to visit the ballot box.
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Who could have ever predicted that the state would target miners to 51% attack the network and censor transactions? The clowns out there crying about jpegs are completely oblivious to the actual threats facing
#Bitcoin
.
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@bobbyclee
@Twitter
You should look below the surface. There is obvious spamming of low fee txs on the Bitcoin network. The majority of the time fees are quite low, its only when miners spam the network to fees skyrocket and blocks are full.
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@WhyBitcoinCash
@bitcoinist
@NickSzabo4
Your website is full of lies
#bitcoincash
is highly centralized by chinese miners using
#asicboost
exploit. Also over 50% of the nodes are hosted by Alibaba cloud servers. Bcash is nothing but a marketing gimmick.
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Practical use cases for OP_CTV (BIP 119).
🧵
1. Vaults: Imagine your private keys are compromised and your coins are at risk of being stolen. With vaults you can set conditions where even if your keys are stolen, the funds can only be sent to an address that you control.
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Bitcoin must be able to endure any and all attacks, forks, and FUD. The longer it endures the stronger it becomes, it is a gift that Bitcoin has so many enemies.
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@StarfuryFlames
@EricRWeinstein
@lexfridman
@Breedlove22
@dergigi
@real_vijay
@Bquittem
He clearly doesn't understand that PoW is gauge theory. He also claims that nature solves the byzantine generals problem, but in the context of quantum indeterminacy it doesnt solve it, it just builds off an outcome, much like the blokchain does.
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@officialmcafee
@Caffrey_888
@abrkn
Incredibly gross misjudgment right there
@officialmcafee
. Unfollowed.
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When someone says, "What if something better replaces
#Bitcoin
?"
It's the equivalent of someone in the 1960s saying, "What if something better replaces integrated circuits?"
Literal world changing technology is invented and people think this kind of thing happens everyday.
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@ocean_mining
In reality you're not filtering anything, you're building on and securing blocks with spam in them. Even your filtered block contains close to 50 inscriptions, while also losing out on 11% in fees. Blockspace marxism is futile and ends only in bankruptcy.
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This
#Bitcoin
bill has two glaring caveats that are not being talked about.
1. In regards to the $200 tax exemption.
2. In regards to the "right" of self custody.
Stop 👏 Trusting 👏 Politicians 👏
The fundamental value proposition of Bitcoin is a direct threat to governments
BREAKING: U.S. Senator Cynthia Lummis has officially introduced her
#Bitcoin
and crypto bill 🇺🇸
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@IT_AIRmass
@ThinkingBitmex
It's a loan to a market marker who will sell the BTC to hold the UST peg. That's the whole point of BTC as collateral.
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@cz_binance
@JeremyRubin
@_prestwich
@bcmakes
@hasufl
@JihanWu
The fact that this was even considered reveals a significant lack of judgement and understanding on the part of
#Binance
.
The events that unfolded today have heavily impacted your credibility.
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@petertoddbtc
The crypto world should have blocked
@gavinandresen
when he vouched for that fraud CSW being Satoshi.
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@alexstanczyk
Uses cryptographic hash functions ✅
Uses public key cryptography ✅
Uses elliptic curve cryptography ✅
Why you gotta bring woke culture into Bitcoin and get triggered by words so easily?
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@liron
@0xCryptoCafe
@MartyBent
This is not "your hack", it's a 51% attack and it's been known about since the white paper. The person you're sending BTC to can just wait for more confirmations, meaning you have to perpetually sink more hash and capital into a chain that may or may not have the most work.
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The only secure hash is black market hash. All white market hash is a security risk.
My miningpool-observer project recently reported six OFAC-sanctioned transactions as missing from blocks.
Four of these transactions were likely filtered by F2Pool. This is the first filtering based on OFAC sanctions I've seen.
More in:
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Co-founder of
@f2pool_official
looks to be admitting here to that they are enforcing OFAC censorship.
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@rogerkver
@infowars
@PrisonPlanet
@PrisonPlanetTV
@RealAlexJones
@BITCOlNCASH
@WarRoomShow
@allidoisowen
@DewsNewz
@krassenstein
@EdKrassen
Meanwhile
#BCH
still has less on-chain tx volume than
#Dogecoin
, with higher fees as well. Literally a meme-coin is more popular than
#BCH
.
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The fundamental laws of information theory dictate that if your system can store anything at all, it can also store JSON data.
For those who don't know, JPEGS aren't even the problem anymore. Its BRC20/SRC20/RUNES, which are all just JSON data. There is no way to stop this.
The fundamental laws of information theory dictate that if your system can store anything at all, it can also store jpegs.
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@RedPillTrading
@nvk
@rogerkver
"Patents are an illegitimate grant of monopoly privilege by the state." -Ver
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A few reasons why
@bluewalletio
is one of the best Bitcoin/Lightning wallets out there.
• Trustless: Configurable to connect with your own Bitcoin/LN nodes.
• Versatile: Import almost any mnemonic seed, private key, or xPub/zPub without worrying about derivation paths.
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@brian_armstrong
A self investigation? Where have I heard this before? The responsible thing to do is announce to all in advance when trading will being instead of trying to hide information that can easily be capitalized on.
@coinbase
is becoming very shady, we will no longer recommend them.
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@jgarzik
@mikebelshe
Didn't Bitgo engineers publicly disagree with Mike Belshe technical competence and understanding of this hardfork? I trust engineers first.
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The anti-CTV crowd are intellectually bankrupt. They have no valid technical arguments and now resort to politics and mud throwing. They no longer verify, they trust. They have become a hollow shell of their Bitcoin principles.
Don't forget the "Bitcoiner" leading the CTV charge was recently bought by
#Bitcoin
Mag. His name rhymes with Shinodi. EXTREMELY difficult to trust anyone coming out of that camp imo.
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@Trezor
@wasabiwallet
Chain surveillance from the comfort of your cold wallet.
For those who don't know, wasabi admits and actively works with chain surveillance companies.
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@DGWilkinson
@jordanbpeterson
There are two words that encompass the entirety of why a soft science should never be treated as a hard science.
Unknown Variables.
Chemistry is a hard science, climate science is not.
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If you're focused on politics instead of economics you're missing the entire point.
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@rogerkver
@jaxx_io
@CreditSuisse
Did you tell them that a truly anon zcash tx takes ~8gb of memory? Zcash will be even harder to scale buddy. Critical thinking much?
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@SeeBaloney
It would be more akin to bidding on a shipping container to move your gold. There is no cost to store bitcoin or to move your private keys. But there is a cost to move them to a new UTXO.
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Alternative L2s: Imagine a L2 as trustless as LN, but with the added benefit of not having to be online to receive payments, and not having to deal with inbound/outbound liquidity or channel balancing. Utilizing CTV, is a proposal for such a system.
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@cheddar
@jimmysong
He is correct. Enterprise blockchains are just a shared datebase among trusted participants, this is nothing new. What
#Bitcoin
does is completely remove those trusted parties, creating a universally secure triple-entry record keeping system.
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2. Shared UTXOs: Imagine if 1000s of users were able to trustlessly share one UTXO. This allows for:
- Self sovereign scaling for low net worth users.
- Bulk LN channel creation for 1000s of users.
- Plausible deniability privacy using payment pools.
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@sbetamc
@dailyblockchain
You can see it here as well. Notice the jumps in txs across multiple sat/byte levels, all happening simultaneously. Miners are exploiting the fee market for profit.
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@SamouraiWallet
"Bitcoin offers zero protection against banking controls unless you simply don’t use them. It also offers zero protection against laws unless you are willing to break them." -Eric Voskuil
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@ErikVoorhees
@WhalePanda
@ShapeShift_io
Well then it would be wise for you to not support contentious hard forks being pushed by a handful of private companies.
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@Bitcoin
You forgot that over 90% of the miners of
#bcash
are located in China. You also left out the fact the
#bitcoincash
has not patched covert
#asicboost
. Chinese miners blocked segwit because it patches
#asicboost
so they forked to continue using the exploit.
#bcash
is insecure.
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@depression2019
That is like asking, what if the human condition of greed euphoria disappeared?
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@CaptainSRogers
@ObsoleteDogma
Bitcoin has never been hacked, only poorly run exchanges have.
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@martinshibuya
@decentraland
Ever heard of VR Chat? Way more interesting and expressive in terms of avatars and interaction. Also doesnt pretend to be decentralized.
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@BioVisionary
@TheEliKlein
Yes, further devastating the work force by firing 10s of thousands of medical staff for not taking a vaccine that they don't need will surely help your cause.
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@iam_preethi
@VinnyLingham
@danheld
TLDW
@Vinnylingham
kept presenting unrealistic hypothetical arguments, interrupted constantly, and has no sound argument but to appeal to emotions.
@danheld
asked one simple question in the beginning, "Who decides what fair is?" and Vinny was never able to answer.
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@StopAndDecrypt
Just another CEO who thinks Bitcoin is here to serve their business interests. Like many that came before him he will learn the hard way.
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@BitcoinCashKE
How is BCH the original Bitcoin? It hard forked onto its own minority chain by changing the blocks and the difficulty adjustment algorithm. BCH was producing 100's of blocks per hour highly offsetting the coin inflation rate.
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@Bitcoin
@aantonop
You are misrepresenting the facts. The BTC mempool currently has 50MB consisting of 1 sat/byte transactions. If you were to send a tx with 2 sat/byte it would be confirmed in the next block. This is not congestion, these are not high fees. Your account is consistently untruthful.
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