my2sats

giving my 2 satoshis & follower of @SavedBySatoshi

[my2sats @2_sats]

Bitcoin is... a thread 👇

[my2sats @2_sats]

These are my 2 sats!

[my2sats @2_sats]

https://t.co/P0G6jZ2YSM

[₿𝔢𝔫 ∞/2.1Psat ⚡️💊🧠📚🌍🌏Ⓐ🏴🌹 @Ben_deWaal]

@maxtannahill I disagree that Bitcoin is software. Bitcoin is a combination of mathematics and social consensus that is primarily implemented in a software program.
If the software has bugs, that's a problem but it doesn't break Bitcoin, it just means the software isn't "doing Bitcoin" right.

[my2sats @2_sats]

Bitcoin is... a thread 👇

[my2sats @2_sats]

https://t.co/QYbNit2s2N

[Manbyt EsCamera @ManBytesCamera]

Number go Up

should really be

Number go Out

#Bitcoin is a blackhole sucking wealth out of the fiat system. Inevitable.

[my2sats @2_sats]

https://t.co/0O9jyEYila

[my2sats @2_sats]

@Satoshis_D Guess what, it's actually useful in a bunch of cases 👌

[my2sats @2_sats]

https://t.co/z33yvqVr4R

[hodlonaut #BIP-110 @hodlonaut]

It's becoming increasingly clear to me that #Bitcoin is the best bet we have to unfuck the world and reclaim our liberties and independence.

We are part of something very big and very important here.

[my2sats @2_sats]

@mcnicollme @elonmusk @PeterSchiff @jk_rowling @hodl_american For us, sure but for twitter administrators? 👀

[my2sats @2_sats]

@mcnicollme @elonmusk @PeterSchiff @jk_rowling @hodl_american The correct answer is: No, I don't and won't #opsec

[my2sats @2_sats]

@m_murfy @SaturnJS Introducing trust in a system that could be trustless 👍

[my2sats @2_sats]

@MindoMax @shadders333 Three things:

1. if you can't wait even 1 hour, it is still nearly instant, just accept 0 confirmation tx

2. fees ensure that the network is not abused with silly transactions, why do you need to cement your payment for coffee on-chain?

3.:
https://t.co/N4fae84eaT

[my2sats @2_sats]

@SaturnJS Let me rephrase that.
Not running a node makes the user essentially a second class citizen:
- you give up privacy
- you are not verifying the blockchain you follow

Also, a node on a phone would have a hard time validating a 369MB block and you want to go even bigger 🤦‍♂️

[my2sats @2_sats]

@SaturnJS Never hinted that I would hate people.

I don't even hate you 🤷‍♂️

[my2sats @2_sats]

@SaturnJS Exactly, increasing the block size to ridiculous amounts is only driving out competition. It's a power grab.

And once only an elite has control we are exactly in the position we are trying to get out of.

[my2sats @2_sats]

@SaturnJS It's not only the miners, also full node operators are affected. Big blocks increase centralisation. A regular user loses privacy and needs to trust 3rd parties by not being able to run a full node.
Last time I checked not everybody can afford Terabyte SSDs and 10Gb/s connections

[my2sats @2_sats]

@SaturnJS Are you referring to compact blocks?
Even then, it's not only the headers send. Miners need to tell the network which tx they include so the block can be validated.

Also, connection speed is only as fast as the weakest link. A 10Gb/s won't help when other nodes are slow.

[my2sats @2_sats]

@pjgallantry @jk_rowling That's not true. The network could use the same or less energy and its value could still rise.
The value is defined by demand/supply and not by energy use.

[my2sats @2_sats]

@vires_numeris https://t.co/MmiEZYxP1w

[my2sats @2_sats]

@SaturnJS 😂

Have you ever wondered how long it takes for this block to propagate through the network? By the time other miners can start mining the next block, the one who found that one has many seconds of a headstart. Miner centralisation in the making 👍