@0xJonnyDee@AlexesNakamoto@saylor “And he sold”, why make it sound like he did a full exit and rugged everyone? It’s a rounding error. I rather have him shave of these tiny slices now and then if it benefits dividend payout. It was always in the fine print.
Huge milestone for Cashu.
After 3 years of work, we finally have unruggable mints.
I'm testing the first on-chain Cashu mint running inside a Trusted Execution Environment (TEE), where the mint keys are generated entirely within the enclave and remain unknown to the operator.
That means the operator cannot inflate the ecash supply and cannot access the Bitcoin reserves backing it.
We've moved from trusting operators to relying on hardware-enforced cryptographic guarantees.
There's still work to do, but the path forward is clear. This is an incredibly exciting step toward trust-minimized ecash.
@GavinOnEarth Except Satoshi didn’t pre mine, Core doesn’t control Bitcoin monetary policy, miners work for Bitcoin, institutions don’t control Bitcoin, and “retail” can be fully self sovereign
shitcoiners love to dunk on bitcoin L2 issues when we discuss grownup topics like scaling issues, privacy, and decentralization.
“just use zcash/monero/whatever”
bro. blockchains don’t scale. the only reason you can pretend otherwise is because you have no users. nada. niente.
you can play your stupid games and pretend like your coin is an alternative but if you’d every grow up, you’d face the same scaling pressure as bitcoin does. and then what?
until then, we literally don’t give a fuck about your tech as long as only a dozen people can use it. if you had any meaningful adoption, you’d have zero ideas how to scale it beyond that.
just stop. you’re not only not in the same league. you’re not even playing the same game as we do. you’re being ridiculous and you don’t sound as smart as you think you do.
end of rant. fucking shitcoiners.
Bitcoin Pizza Day is the wrong story.
10,000 BTC for two Papa John's pizzas. Everyone knows the number. Almost nobody knows what happened 12 days earlier.
On May 10, 2010, Laszlo Hanyecz posted the first working GPU miner for Bitcoin on BitcoinTalk. Until that day, everyone mined on CPUs. GPUs were orders of magnitude faster. By December 2010, Bitcoin's total hashrate had jumped 130,000%.
Laszlo's wallet received over 81,000 BTC between April and November 2010, almost all of it from his own GPU rigs. 10,000 coins sounds like a fortune. For Laszlo in 2010, it was about a week of mining.
He didn't stop there. Laszlo later admitted he spent close to 100,000 BTC that year. Pizza, random stuff, more pizza.
The reason matters. Satoshi had messaged him privately, saying GPU mining was bad for the network. Fair distribution needed CPUs. Centralizing hashrate broke the design. Laszlo agreed. He said he felt guilty for "crapping up the project".
So he cashed out. Not into fiat. Into anything that wasn't BTC. Pizza was a convenient target.
The most famous transaction in Bitcoin history wasn't a guy who didn't get it. It was a mining pioneer apologizing for his own breakthrough, paid in the coins his invention let him mine.
This Friday, when the pizza memes start, remember the second story.
Imagine there was an asset with a supply cap that can never change, that no government can print more of, that no CEO can dilute, that settles in minutes anywhere on earth without asking permission, that anyone with a phone can hold, that no border can stop, that no bank can freeze, that runs 24/7/365 without downtime, that has been operating for 17 years without a single successful hack, and that you can verify every unit of yourself without trusting anyone.
Now tell me where the new buyer comes from.
Everyone.
Everyone is the new buyer.
You’re asking where demand comes from for the only finite, permissionless, censorship-resistant bearer asset in human history during a period when every government on earth is debasing its currency and every CEO is pumping his stock. That’s like asking where the demand for fire came from.
Perhaps the demand will come when influencers stop confusing people with misinformation about other altcoins being more interesting, valuable, and easier to use.
I know hundreds of people who have found Bitcoin to be the most interesting thing in the world. It is easy to use everyday if you try, and it is more valuable than all other coins, all of which are centralized and permissioned.
By the way, @jason, do you have stakes in $tao or $SOL? Asking for the readers…
Some people take years before they begin to grasp bitcoin, other's never really do. They are so blinded by the investor/VC perspective that they totally fail to see it any other way.
I'm just not sure where the new Bitcoin buyer comes from it you have stablecoins, $tao and solana:So11111111111111111111111111111111111111112 being more interesting, valuable and easier to use 🤷
Anyone have 10x bitcoin:native thesis?
@saylor I miss Michael from the WiM Show Saylor Series with Breedlove. Back then you fought the good fight, were an honest educator and on top of all you did it with class and grace.
@QuintenFrancois Seeing that I know most of these channels makes me realize how much time I wasted on this crap. Crypto has been and will continue to be a net negative for humanity.
@benjamincowen It's called the great realization. I used to frantically follow many of these back then untill I finally woke up. Now it's Bitcoin only and watching @mattkratter videos daily. Crypto is dead and will be studied by future anthropologists.
I am never deleting this app.
I think Joel’s world view was shattered after this simple exchange.
How many crypto bros think first to mine, means pre mined?
@mars_quaking@theswansjr I get what you're saying. But I think your framing is inaccurate imo. There is no transformation of anything, just a barrier (the C in BCRA). We could run the bitcoin network on 1 laptop if we wanted. The information change from every block would still be more or less the same.