@phyrooo@BitMEXResearch@druidian If I actively try to avoid a topic or gossip about rumors I don't believe in, would that be a problem for you? Don't I have the right to remain silent?
@michaeljs1990 @cryptoquick I see no alternative but to set a deadline for migration and enable "silent transitions". Here is one way to do this
https://t.co/uE7qEBPzBi
🧵Silent transition to Post-Quantum Bitcoin outputs is a joint work with @adamedics that describes a scalable path for migration to PQC keys on Bitcoin that mitigates congestion problems before the transition deadline by not requiring users to move coins.
https://t.co/03IzJuWCtr
@dallairedemers@phyrooo Direct upgrade is preferable. Silent transition is a plan B when the otherwise preferred option is not adequate, especially if someone (e.g. Satoshi) wants to avoid disclosing their existence for reasons like personal safety or preventing market volatility.
🧵Silent transition to Post-Quantum Bitcoin outputs is a joint work with @adamedics that describes a scalable path for migration to PQC keys on Bitcoin that mitigates congestion problems before the transition deadline by not requiring users to move coins.
https://t.co/03IzJuWCtr
@cheez_cheddar@amphlux@OwenBenjamin@saifedean The point is it was and at that time it was a money substitute, but now this is not the case. I know his "theorem" but strictly speaking it is a hypothesis, and BTC clearly shows that other utility other then being money is not necessary to get pricing.
@cheez_cheddar@amphlux@OwenBenjamin@saifedean Fiat IS a token money. What does is substitute then? You mentioned it's irredeemable, so don't say gold. Strongly suggest you to read Simmel's Philosophy of money. Among other things he also talks about objectivity, subjectivity and intersubjectivity.
@cheez_cheddar@amphlux@OwenBenjamin@saifedean Yes and the same is true for token money. To reiterate: once utilized there is demonstration and no longer just subjective belief✅Production requires utility to take place✅Utility requires a thing to have properties which are intrinsic to it✅
@cheez_cheddar@amphlux@OwenBenjamin@saifedean If you know how to and have means to open it. Otherwise it's pretty valueless isn't it? You have to have some knowledge and belief that something can be utilized.
@cheez_cheddar@amphlux@OwenBenjamin@saifedean Of course they are. Tell a squirrel how much utility gold/silver has. Valuation is a belief system as explained above (well, actually you don't need 2 parties, 1 is enough, e.g. Crusoe economy).
@seba1337@_zaze_@romunov Pri *direktni* demokracjiji pa vsi odlocajo o vsem neposredno brez predstavnistva. To je sploh neucinkovito v luci rational ignorance, pa tudi ce bi zelel bit neignoranten, je to nemogoce, ker vsemu pac ni mogoce slediti in biti na tekocem.