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RockoCocko
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Bitcoin & Freedom Maxi | Sovereign Mindset | Decentralisation Advocate | Independent Thinker | Meat Eater | Tech Enthusiast | Blue Light Reducer | Animal Lover | Anti-Ponzi Advocate | Tasmanian | Minimalist
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Rocko 7 months ago
Any big news from the Bitcoin conference this year or mostly just stuff we already knew? I've seen a few clips of speakers using the word crypto more times than I'm comfortable hearing it and that's about it.
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Rocko 7 months ago
After 12 weeks of pure carnivore diet, had to celebrate Pizza day right with a meatlovers pizza from an Italian restaurant in Launceston. This ones for you Satoshi. image
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Rocko 7 months ago
Soft Money → Bad Times → Hard Money → Good Times 💲✅🏆
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Rocko 7 months ago
I'm hoping Nostr continues to grow and facilitate the creation of small and growing businesses that are run by Bitcoiners that sell uniquely valuable products and services. I love to see it!
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Rocko 7 months ago
I can feel it in my timbers, we'll be at all times highs again soon.
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Rocko 7 months ago
The new UI changes to the Fountain app are quite nice, and I've already noticed the increased stabilty and performance.
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Rocko 7 months ago
Warren Buffett *steps down as CEO* Warren's replacement *loads Berkshire up with Bitcoin* image
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Rocko 7 months ago
It will be super interesting to see how high BTC dominance will go over the next 12 months or so. I'm gunna guess we see 75%? image
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Rocko 7 months ago
New best ever difficulty after only 5 days since beginning my solo mining venture. Some luck already 🔮🎱🎲 image
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Rocko 7 months ago
Bought a decentralized hat using the Lightning network. Such a satisfying way to spend. image
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Rocko 7 months ago
Maybe users should be free to store arbitrary data on Bitcoin’s blockchain if they are willing to pay the fees, aligning with its censorship-resistant ethos. Such data could be vital in future scenarios like information destruction or book burning, preserving critical records. However, this increases the UTXO set, slowing node syncing times. Storage capacity isn’t the issue, syncing delays are, especially if Bitcoin faces threats from powerful entities, potentially hindering users ability to influence its direction through full node participation. Fortunately, solutions like Utreexo and UTXO snapshots are in development to reduce syncing times, and I’m optimistic about ongoing innovations. Higher fees from arbitrary data boost miner rewards, incentivizing mining and strengthening network security, which could be crucial as block rewards halve. This supports Bitcoin’s growth as a global monetary base layer, fostering a freer market and reducing systemic oppression. Compromises like the Lightning Network help manage high fees with several trade offs. Supporting decentralized mining, including home mining, enhances Bitcoin’s resilience. I value Bitcoin for its immutable, fungible, democratic, and decentralized properties, but we must ensure miners remain incentivized to secure the network, paving the way for a global, equitable financial system. That said, I’m not convinced mining profitability will continue to be under threat particularly with the growth of decentralised and innovative solutions coming to home based mining and especially as Bitcoin’s value rises against fiat, which “has no bottom.” Concerns about dwindling block rewards might be temporary a hiccup in Bitcoin’s long-term growth as adoption grows so will node and mining participation, Still, I recognize my perspective may reflect financial privilege from a first-world country like Australia. In many regions, lower fees would have a far greater impact, enabling broader adoption. I’m not wedded to these views and believe we all might need to reconsider rigid perspectives. Bitcoin’s monetary properties are crucial, but I’m eager to learn more, as knowledge is never enough. I want Bitcoin to succeed as money more than anything as it’s my main source of hope in a truly unfair world, not just for "number go up" but the "freedom go up" it promises. I share this to spark discussion, learn from others, and gain new perspectives, acknowledging my view is shaped by the information that I currently have. I could also be completely retarded but I'd like you to explain to me how. There's so many layers to this onion.