So, you know how relay rules prevent you from submitting a #bitcoin transaction that is not yet valid? I’m talking about time locked transactions…
Well, maybe we should drop that relay filter as well…otherwise miners might accept (out of band) txs for long term storage (for a fee). This would favor mining companies more likely to still be around at the time the transaction becomes valid…a case of bigger miners get bigger while little guys lose out.
I don’t see anyone talking about this yet…but the parallels to op return are pretty obvious.
@Jameson Lopp
Dr. Bitcoin, MD
drgo@nostrplebs.com
npub1fa8c...thnd
Bitcoin OG since 2010, former laptop solo miner - which makes me (amongst) the first obsolete Bitcoin miner(s), blockstream satellite node runner, #2A rights user, radiologist
So…gold…it is up quite a lot.
If I were a central bank antihumanist, and I didn’t drink my own cool aid too much, I’d realize fiat is over and we have to substitute fiat currency with something else…something better…maybe something our grandparents taught us how to manipulate and control…
I am suggesting the move to gold is being forced by Bitcoin. Bitcoin is too good of a money for the psychopaths who defraud us all via fiat currency and partial reserve banking to want to use…but bitcoin is too good to let them continue to use fiat.
Saylor has accomplished something brilliant and yet obvious at the same time: $STRC is exactly what anyone would do if they truly believed in the long term market beating returns of bitcoin…or any asset, really. Why has this not been tried before?
Well, it has, actually. Kings would issue perpetual debts payable by his subjects with the expectation that the debt proceeds would buy far more economic activity than the sum of interest payments. Because kings have absolute authority, they can pledge the current and future property of his subjects as collateral.
Ok, besides kings and agents of unlimited taxation authority, why hasn’t this been done before by private citizens?
There hasn’t been anything to invest in that was worth the summation of interest payments to the borrower and worth the risk to the lender…until bitcoin…