@Rajatsoni But this situation is no different to yield on Gilts, where @saylor hiking the $STRC rate is actually a strong signal there's less appetite for them and so to attract more buyers he has to hike the rate to overcome market sentiment
It's not a 'good' event, it is a necessary one.
@jackmallers All prior monetary systems were based on perpetually adding money to a system of work thereby diluting the value of the work and enabling unearned wealth
Bitcoin is the first time in human history we are adding work to a closed system of money. No unearned wealth
♾
IMMANENTIZE!
@Xfatfuk@Bitcoin_Teddy It is but you can opt out of it through learning how to manage your own bitcoin, whereas you can't opt out of digial fiat payment rails.
The learning curve towards safely managing your own bitcoin puts some people off, so the trade-off is that they ask a corporation to help them
@SimpleXChat Honestly @SimpleXChat the term 'NFT' is so utterly burnt, having been associated with the scammy 2021 jpeg hype cycle it cannot be used ever again, even for legitimate, non-scam implementations
Where you have a clearly-defined use-case call it something else, anything but an NFT
@xpugHODL Jesus, come on dude...
The FIRST rule of Bitcoin:
You do not talk about YOUR bitcoin!
The Second rule of Bitcoin:
You DO NOT talk about YOUR bitcoin!
🤕🔧
Bitcoin didn’t succeed because of code. It succeeded because of design. Satoshi wasn’t a great programmer. His C++ was clunky and criticized, but that never mattered. The genius was in the incentive structures that keep the system in balance: miners securing for rewards, users verifying for self-interest, developers constrained by social consensus. The game theory is what makes Bitcoin work, not the elegance of the code. What’s overlooked is that most changes today are argued by people who can write code, but Bitcoin’s real oversight has always come from outside of that circle. Economists, philosophers, and everyday users. Satoshi himself belonged more to this other group. He was a systems thinker who used code as a tool, not as the essence of Bitcoin. At its core, Bitcoin is not software. It’s a social contract expressed through rules. The code simply enforces the design.
@dopemind10 Who'd have thought an intellectually dishonest religious bigot would have an ulterior motive?🤷
I mean, he surely wouldn't be motivated to spin up myriad Knots nodes in the cloud so he can point to them and declare them to be proof that the community wants it, would he? /s
@maxkeiser@jack You and @jack are both wrong - because you're looking at traditional money and thinking MoE and SoV are mutually exclusive there so must be for Bitcoin, too
Bitcoin becoming more valuable as adoption and use grows does not in any way prevent it being a valid MoE
Think about it
@tuftythecat@iang_fc@CsTominaga Yep
Most likely a very drunk @CsTominaga attempting to sound threatening and utterly mangling his grammar - even more so than he used to regularly do on Twitter in the pre-@grok era. That's how you know a real Craig post from AI, one of them is an idiot, the other has spellcheck
@peterktodd Ah, yeah, that's true - I should probably back up that statement. I absolutely remember seeing screenshots of it tho and even @inversebrah recalled it, too a couple of years back, but he said 'religious leaders' not Pope, so maybe that's more accurate
https://t.co/8gdKXSsDUT
member wen he said hed strongly consider tryina conpromise le bits Coin code base if it was asked by religious leaders lmwo (cant yet find dem screenshods smw)
luke is built very different iwo
@hotwiresol Using IEO funds to mine $XMR which is then sold, with those funds used to buy #QUBIC off the market, to be sent to burn addresses as a supposed mechanism to lift its price, also happens to be an excellent system for exfiltrating the IEO funds into insider's pockets
Just sayin'
@unstoppablebyhs To shill his next round of blockchain-buzzword-bingo bullshit coin project.
And he didn't harm Monero, he pulled a dumb publicity stunt which all the low-iq rubes creamed their khakis over thinking it was gonna make them rich, and then game theory kicked in and rapidly ended it.
@CaffeinatedUser You're just shilling hard for #qubic, yet another CfB shitcoin attempting to claim itself as something more than the buzzword-laden FOMO-fuelled greater-fool crap they all are
You also clearly know nothing about how a mining pool actually functions
None of this math is valid
@venorusprime What's the air quality where it's going to be based?
Fans blowing 24/7 can lead to a huge build up of crap on the chips and heatsinks if you don't have really good filters that are cleaned regularly
You might want to think about opportunities for utilising the heat generated, too
@tuftythecat Antony Starr - with dark hair and @cstominaga's classic supposed-billionaire-yet-still-hasn't-had-it-fixed snaggle-tooth and he would absolutely nail that damaged, desperate narcissist with a tissue-thin ego character which defines who Craig is and has been his entire life.
@P_ScottMorgan Oh LOL @CsTominaga utterly REKT by @grok again and again!
And it's not like its having to work hard at it, though, just simply spitting facts.
"Based on Craig Wright's history of clumsy forgeries, inconsistent boasts" - His entire career in one sentence.
Love to see it.😆