Love how every company is sending dovish messages asking me if I want an earlier debit order "for my convenience", but the bank? Yeah no, hello, GFY, we're debiting you early

I propose a new mining pool, BlockPool, that only mines empty blocks, filtering everyone, so we can have a common enemy. Not to be confused with Antpool.

Think all this hullabaloo about Samourai, Whirlpool and Ocean Mining "filtering" is pretty immaterial since fees are too high to mix anyway. 🤷🏻‍♂️ Though I'm always up for more Samouari scrutiny, something about their hard shell smells like a honeypot. And who knows what those Whirlpool coordinators are up to anyway. #bitcoin

#Bitcoin is a mess currently. We've got people minting nonsense on-chain that's driving up fees for everyone else, which makes UTXO management and mixing a nonstarter currently. It also prevents people from "taking your Bitcoin off exchanges" as we love to chant. It's hard to explain why fees are high for noobs. Meanwhile we punt lightning which is majority custodial and feels like falls apart in high fee periods, and is not supported with most exchanges globally, which is where most, normal people will want to exchange. Just seems weird to me we can simultaneously talk up Bitcoin and all it's virtues and look past the fact that a simple transaction is $3 right now and who knows what'll happen to your custodial Lightning wallet. Electronic cash, it is not. Lightning seems like a complex and unstable mess that has to be readjusted every time the wind changes direction, and with Bitcoin is getting more and more complex with each PR to the point that I don't know if I'm running a node that will later play host to some debilitating bug. Those who created it are motivated to keep L1 incentives as is so L2 is always necessary, and oh look, they created L2 as well. Bitcoin should be as a simple as possible. Less risk of complexity, and bugs, and unexpected edge cases, and accept that, for now, it's a savings technology that's striving to be money. Lightning needs cleansing fire.

Governments around the world print money out of thin air, then launder, legitimise, and take it back by taxing everything

Starting to think work-from-home policies make those companies less competitive. Nothing beats building something in close proximity, whiteboard, shoulder time, doing all that online is simply not the same

This is not what I had in mind guys, appreciate getting paid to get this crap but would be nice to set a minimum receive threshold

In our country, electricity is regularly turned off for 2 or more hours a day, on a schedule. How bout you?

Paying "capital gains tax" on #Bitcoin "gains" is pretty messed up if fiat is becoming worth less. Our argument is that Bitcoin is better money and better reflects the value we want to store over time; I'm not "gaining" ground or capital, I'm trying to save what I produce, fiat is simply much worse. My gain is due to their loss. If the unit value of fiat collapses versus Bitcoin, taxing me seems not only unfair but a pretty perverse incentive to collapse even further, in order to take back a bigger portion of the capital they destroyed. So long as governments refuse to acknowledge Bitcoin as money, and continue playing fiat games, they'll appear entitled to a portion of this "gain", when really it's an inflation tax levied on savers. At minimum, my input cost should be inflation adjusted.

Let this be a warning. If you're planning on selling somewhere near the top of the coming cycle, get those transactions or deposits ready when fees are cheap, so that amongst the panic you aren't getting romped at 200+ sats/vB

20 Followers Why tho

$10 for a transaction, my chesssssst #bitcoin

#Bitcoin

The idea that you can "earn money" by trading is a bit weird. Strictly speaking, you aren't creating any value, you're taking it from others. If there's a certain amount of fiat and Bitcoin deposited at an exchange, their totals don't change as a result of your trades. Value just sloshes around from user to user depending on their needs and strategies. Trading, then, is more like a game of poker - some strategy, some luck, but the real value being played for came from outside the game. I say this because I see young guys getting into trading at the expense of gaining other skills. Sure, some get very rich, but it was at the expense of someone else at the table, not because they created that value. Do or create something that people need, get paid for it, and get it into Bitcoin. This way, you create and preserve that value.

#memes