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Bite Dat Crypto
bitedatcrypto@bitcoiner.chat
npub14l9c...832t
Multichainer ๐Ÿ”— | โ‚ฟ Bitcoin Enthusiast #Bitcoin means more than a blockchain; it is the revolution of humanities, economics, and geopolitics.
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bitedatcrypto 2 years ago
Can any #bitcoiner convince me why PoS consensus mechanism is centralized and a trojan horse for tyranny? Though I researched quite a bit, I've never seen a compelling argument that turned me. Even if there are ppl with massive capital in their ecosystem, there's a thing called "slashing" to punish bad actors creating fraudulent activities on the network (and the only thing they could do is to double spend which are easily caught). And the rich getting richer is same for PoW consensus what ppl refer to as miner or pool centralization. Please don't talk about dapps or nfts, that's the issue for another day. I just want to know WHY many maxis or Bitcoiners in general HATE PoS consensus. I'm still at an infant level in this space so bear me with love ;) #PlebChain #zapathon #BTC #Bitcoin #Ethereum image
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bitedatcrypto 2 years ago
Some argue that the #Bitcoin dominance has been trending downwards over the years, never realizing the fact that its Sound Money Dominance has always been 100%๐Ÿ’ช #PlebChain #zapathon #BTC #Bitcoin image
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bitedatcrypto 2 years ago
Testing out #Zapraiser for fun! 5000 sats are enough for a cup of coffee ;) #PlebChain #zapathon #BTC #Bitcoin image
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bitedatcrypto 2 years ago
#asknostr So... I just uploaded a post on Amethyst and switched to Plebstr then this happened. What's wrong? Can't even see it on Iris too image
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bitedatcrypto 2 years ago
#asknostr Does anyone know what broadcast feature is on Amethyst?
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bitedatcrypto 2 years ago
I think the term "web3" is quite illusionary for some reason, at least for now. So as far as I can tell, the whole point of web3 is the user sovereignty of the asset through decentralized protocols. These are open source, so it's quite sure that no one entity can manipulate them; however, this is only theoretically correct. The biggest web3 devs are happening on dexes, which are more centralized than many deem to believe. I'm not saying it's wrong ethically, but saying that the point of web3 is decentralization is wrong. Seeing web3 protocols licensing and cooperating for corporate services and creating possible backdoors for so-called "protect against malicious actions" could go way beyond our imagination and end up blurring the distinction between web3 and web2, just being more "complicated internet service." Some instances like metamask and some "decentralized" services banning users based on IP addresses and other reasons, a few wallets holding the majority of votes in many small-cap protocols, and lastly, censorship on the blockchain itself through authorities like OFAC (eth network) could lead to serious centralization issue on the environment, which makes it no different from web2 stuffs. #PlebChain #zapathon #BTC #Bitcoin image
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bitedatcrypto 2 years ago
@Openvibe Hi there, I really love the UI on plebstr but I am wondering if there's any way I can connect my alby wallet as a payment solution on this app. It works for receiving, but not sending. Thanks.
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bitedatcrypto 2 years ago
Fiat is not yours. Learn to own your assets. #PlebChain #zapathon #BTC image
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bitedatcrypto 2 years ago
GM, Just deleted twitter this morning. Too much useless contents. Love to see fellow Bitcoiners out here #PlebChain #zapathon #BTC
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bitedatcrypto 2 years ago
A classic old school gym in the park. Love this place image
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