@MartijnRvR@adam3us@_Checkmatey_ Yeah, this is just my understanding of the side effects of the current state of things, there may be others I'm not aware of.
My guess is that spammers will find a way to spam as long as it's profitable. Once block space is too expensive, they will stop.
@MartijnRvR@adam3us@_Checkmatey_ Even if all nodes filtered spam from the mempool, spammers can go to miners directly (and currently do): https://t.co/mxTfGE22pj
@MartijnRvR@adam3us@_Checkmatey_ Mempool can't see out of band transactions = bad
Some miners get advantage for accepting out of band transactions = bad
Data written to unspendable UTXOs that we track forever instead of OP_RETURN = bad
@parkeralewis If the US dollar is a reserve currency that other countries NEED and US dollars can only be printed inside the US, how do dollars enter the world economy WITHOUT a trade deficit?
@BitcoinPierre You could wind up with both. If enough people get rekt at the casino you could find yourself with a Bitcoin ban in four years WITH popular support.
@AnitaPosch@alanbwt "Political power, money and guns", it doesn't sound like you need to have ANY Bitcoin position to influence humans and how they think about changing the protocol.
@RvTdt@WalkerAmerica@saylor@titcoinpodcast Every 210,000 blocks (~4yrs) the block reward gets cut in half. Less BTC available to meet demand drives up price. That's why Bitcoin has 4 year cycles.
https://t.co/0kC08hDNMy
@DIYFractal@LukeGromen The Y-axis is Millions of dollars. Fed data is sometimes in millions and sometimes in billions. If you want them to appear correctly together on the same chart, you need them to be in the same unit. A billion dollars x 1,000 = equivalent in millions of dollars.
@CostaRosa2019@PrestonPysh@JoeCarlasare@LukeGromen Joe: Foreigners are still buying almost as much US debt as ever so don't panic.
Luke: But we've got lots more debt (and rising), they aren't keeping pace, and may sell US debt if they need dollars.
Q: Who will buy all that debt?
A: Fed will print more $ and buy it.
@dylanleclair This reminds me of @LukeGromen talking about USTs being "as good as gold for oil" until about 2014, when foreign governments slowed their purchasing of USTs.
@dylanleclair I thought it was based on long-term global productivity growth being roughly 2% and the need to debase at least at the same rate to prevent deflation in a debt-based global financial system that requires constant expansion.
@LynAldenContact I like that Lyn sees movies first and really lowers my expectations. That way, when I really see the movie it's much better than I expect. #MatrixRevolutions