Lucien Deters

[Lucien Deters @DetersLucien]

@pattyrikku @littleonefaith The Protestant model cant even infallibly call a dispute “secondary.” Everything is left to the interpretation of the individual, and unfortunately the 50,000+ denominations active today show that these disputes are impossible to resolve through scripture and reason alone.

[Lucien Deters @DetersLucien]

@pattyrikku @littleonefaith Well disputes on matters of salvation would be my largest concern with the Protestant model, but how would you even know how to distinguish between the two?

[Lucien Deters @DetersLucien]

@pattyrikku @littleonefaith How do you which interpretation is connected to the Holy Spirit when there is a dispute?

[Lucien Deters @DetersLucien]

@Eddizluv2 If a stranger revealed that they inherited a billion dollars, it would be hard to develop genuine friendship with them. If God was fully revealed to everyone immediately, it would be hard to lovingly choose him. In this way, we’re free to develop genuine friendship with God

[Lucien Deters @DetersLucien]

@eps27196820 @Heinz57 What about those who insinuate the sinfulness of someone who insinuated the sinfulness of someone else?

[Lucien Deters @DetersLucien]

@cryptomanran Now we just need to build a few thousand large hadron colliders, dedicate them all to alchemy, and we might be able to increase the gold supply by like .0001% while losing about $1T for every $100 of gold we produce.

[Lucien Deters @DetersLucien]

@RickWarren It’s hard to be certain, but I don’t think Jesus being between two thieves had anything to do with 2 party politics.

[CyberMonk @RealCyberMonk]

@Gentilenewsnet Would there even be a Tesla and Space 𝕏 if it wasn't for
1. America, that Americans fought and died in wars for. The country we built and made the greatest in the world.
2. American taxpayers. Without the government funding, would Tesla even exist today?

[Lucien Deters @DetersLucien]

@ParikPatelCFA Notice the realized profit?

[Lucien Deters @DetersLucien]

@Swordfishv44183 Been doing a weekly $UVXY DCA since 2011

[Lucien Deters @DetersLucien]

@JSCaldwell2 @GRomePow First, thats not how SHA-256 works at all. Just because the NSA published it doesn’t mean they have some secret backdoor to obtain the original data from any SHA-256 hash value.
Second, transactions are meant to be public on Bitcoin

[Lucien Deters @DetersLucien]

@SlopeOfHope Nice victory lap on the first bit of downside since 25k. I’ve thought this run was over done since 35k, but to think it’s worthless with a $800B market cap…
Maybe you are just missing something

[Lucien Deters @DetersLucien]

@TheLynx_1 @rleder @cicadaXBT @GRomePow Okay, but if they were to do this it would be obvious and tyrannical which is exactly the reason to own Bitcoin. If they want to kill you they can always do that, if they want to steal from you they can always do that.
At least with bitcoin they can only steal if you let them.

[Lucien Deters @DetersLucien]

@raycivkit I heard they have great velocity over there in Argentina

[Lucien Deters @DetersLucien]

@TheLynx_1 @rleder @cicadaXBT @GRomePow I believe your point is that this stake in BTC means the U.S. government already has leverage over the network through holding these coins, but owning supply literally means nothing. Leverage over the network is only obtained through hash power

[Lucien Deters @DetersLucien]

@GRomePow Network is the only reason that any medium of exchange has value. Sure you can’t eat fiat currency, you couldn’t build a house with $1,000,000 in paper bills, but a network of people exists where all of the participants will accept your USD in exchange for goods and services.

[Lucien Deters @DetersLucien]

@GRomePow Network is the only reason that any medium of exchange has value. Sure you can’t eat fiat currency, you couldn’t build a house with $1,000,000 in paper bills, but a network of people exists where all of the participants will accept your USD in exchange for goods and services.

[Lucien Deters @DetersLucien]

This is apples to oranges.
You can copy and paste BTC’s code exactly, but you cant just copy and paste the 50,000+ nodes currently validating specifically the BTC network. Successful nodes require expensive materials to build and large amounts of energy to run.
By the time a company, or even a conglomerate of companies, could put together a network with a fraction of the nodes to validate an exact copy of the BTC code, they would realize it is vastly more profitable to just validate the existing BTC network.
The cost of building and running those nodes for a new network that starts with nearly 0 users would quickly bankrupt the companies. Even if they could afford to absorb the losses for years they will only have created a different, incredibly centralized version of the BTC network.
To encourage users and validators of the BTC network to actually switch to using their network, they would have to make significant changes to the code. If these were meaningfully good enough changes, the original BTC network would likely just approve those changes for itself anyway.
Even if the fiat on ramp is eliminated, it would have to be eliminated everywhere for it to matter. For example, BTC is legal tender in El Salvador. As long as that country exists, and allows tourism, your BTC can be exchanged for USD there.
Additionally, this is all assuming people will still want to use USD in the future. There are plenty of countries where illegal black markets exist, facilitating exchanges with currencies that are not legal tender of the country in which the transaction is taking place.

[Vlad @VladTheInflator]

Lets say for a moment, you could copy a Lamborghini down to the last bolt.

Called it Lamborwenie, but it cost $50,000.

Who would pay $400,000 for the brand name?

[Lucien Deters @DetersLucien]

Because this new network starts with a more centralized consensus mechanism, it would be easier for the validators to agree on changes to the network. So, while it would start as an exact copy of BTC’s code, it could be changed very easily, making it less stable and more risky.

[Lucien Deters @DetersLucien]

It comes down to miners and liquidity. Bitcoin’s network is valuable because of the decentralized consensus provided by its validators, and the market that exists for the mining rewards. Its decentralized nature makes it difficult to change, insuring stability and security.

[Vlad @VladTheInflator]

Can I ask a stupid question, why couldn't someone simply copy BTC code and start the same exact thing with the same exact functionality?

[Lucien Deters @DetersLucien]

The network’s stability and liquidity makes it profitable to mine, incentivizing miners to stay. If an entity launched a new network using the exact same code, that network would have to start extremely centralized, with far less liquidity, making it less attractive to mine.