drew

Bitcoin

[drew @hodlrate]

the collective pleb could assert more economic power by literally doing periodic self transfers

hodlers sitting on static coins for years is using bitcoin but it may not be sufficient. Even periodic consolidation and simple hygiene transfers by many thousands of plebs could occupy a mempool floor for monetary txs and possibly price out some spam

it sounds retarded as self transfers are already validated incoming txs but with payjoin and lightning fee sharing it makes a decent case for more active management of your stack and asserting some level economic power on your node

ordering PSBTs is not illegal and we need some push back on exchanges to offer payjoin directly, positioned more as a consumer protection narrative that tradefi can understand

[Kyle Torpey @kyletorpey]

Bitcoin’s invisible tug-of-war between suits and cypherpunks

I asked @cakewallet's @sethforprivacy, @citrea_xyz's @0x_orkun, and @21Shares's @PapaDari_ about whether Bitcoin is changing TradFi and government or the institutions are changing Bitcoin. Here's what they said:

"If the majority of the money and influence in Bitcoin has a perverse financial incentive to remove privacy of the individual and retain power for themselves, we are likely to see less funding and resources being poured into improving Bitcoin’s privacy or self-custodial tech." - Seth For Privacy

"If a majority of people rely on custodians or ETFs, transactions will occur at that layer without ever touching Bitcoin’s mainchain. This lack of onchain transactions means fewer transaction fees, which will become a critical issue as block rewards continue to halve." - Orkun

“Bitcoin has undeniably shaped narratives in TradFi and policy circles, from El Salvador’s legal tender move to the global ETF race pushing institutions and governments to take it seriously. At the same time, TradFi’s entry via ETFs and regulated custody solutions is influencing Bitcoin’s perceived legitimacy and utility, especially for institutional portfolios.” - Moukhtarzadeh

I will post the link to the full article for @CointelegraphZN as a reply to this post shortly.

[drew @hodlrate]

@benjitaylor Th name doesn’t really roll off the tongue

[drew @hodlrate]

@dgt10011 This will help

[drew @hodlrate]

@SaniExp On chain users will be subclass citizens at some point

[drew @hodlrate]

@LukeGromen It’s literally just due diligence for underwriting a loan, sometimes you get denied 🤷

[drew @hodlrate]

@AmerBanker lol

[drew @hodlrate]

@davidmarcus @lightspark Which legacy banks underly the settlement of all those fiats.?

[drew @hodlrate]

@realizingerin ordinals subtweet

[drew @hodlrate]

@LorenHodl This is always the most depressing space every time I try to listen

[drew @hodlrate]

@MrHodl Crazy 👀

[drew @hodlrate]

@rustyrockets Fake and Ghey

[drew @hodlrate]

@DavidJHarrisJr Parents should be incarcerated

[drew @hodlrate]

@moonsandhues raw dawgin reality. Keto a surprising sober altered state as well

[drew @hodlrate]

@Mandrik And drains

[drew @hodlrate]

@itsolelehmann Mushroom fertility cult-ure, @grok

[drew @hodlrate]

@thdxr Loose definitions used to charge you more fees. any breakdown of the types?

[drew @hodlrate]

@_Rob_Wallace What.)

[GregZaj1☣️ @gregzaj1]

The first rule of Bull Runs, is WE DON'T TALK ABOUT BULL RUNS.

[drew @hodlrate]

@unusual_whales @grok is there such a thing as a doomer boomer?

[drew @hodlrate]

@rektfencer @BTCYN He literally said he’ll be buying the top forever. Selling a bottom makes sense.