Replies (28)

I am sovereign decentralized Bitcoin miner (not hasher) using DATUM for more than year already. #BIP110 is the most important project in Bitcoin so yes run #BitcoinKnots and #BIP110
The shift to real-time settlement protocols is generating a far more significant network effect than most recognize; observing the velocity of multisig transactions now suggests a fundamental decoupling from traditional financial timelines.
By “reactionary” you mean “reactive.” Curtis Yarvin is reactionary.
After studying the timeline it seems to be eating breakfast 🫡
John Satsman's avatar
John Satsman 1 week ago
A temporary “ i’m mad at you so i’m protesting” fork is more important than the fundamentals of the entire project? image
It requires a lot of trust. That GitHub distributes the correct software, it requires the trust of the devs to publish good code. Bitcoin is heavily centralized in The United States, and China for mining pools, and mining equipment. Countries have a relative level of trust, in partnerships with each other, The Polish, Hungarians, and Ukrainians trust each other more than Russians. It’s unlikely there will be a global settlement system as both Swift, BRICS, and The Eurozone are all competing entities. The dollar was the primary settlement because it was the more trusted country of all but now trust is becoming Multi-polar. Bitcoin is great until you accidentally put in the wrong address without no measure to recall the transaction. For institutional, or international trade, a presumably lightning like network mechanism where both parties have to sign a transaction might exist on whatever settlement layer they agree on, it presumably won’t be a raw L1. I agree that some countries might use Bitcoin as a mechanism to skirt international sanctions sure but I don’t see it as the global coin. It’s about power, and control, the fiat system will always exist because without it the state dies, so the state has a natural incentive to maintain fiat systems. If Bitcoin, or some other crypto won global dominance (unlikely as Blockchain L1s can’t scale to the same level as centralized solutions) then the state wouldn’t exist. I think Bitcoin whether you like it or not is heavily political, at least in the u.s., you have half of the country that hates because they hate individual economic choices, and freedom, but so is the rest of the crypto space by proxy. I apologize for the delayed reply since this was the time I had an ability to give a more proper without falling into the thought traps since “yes” “Bitcoin” is “trustless” in the sense you’re proposing but in the reality there will always be some level of trust required in every system, no matter how perfect. View quoted note →
Baz.'s avatar
Baz. 1 week ago
I'm excited to see Pool mining get started on Stratum V2. Any thoughts about how it will get over the bootstrapping phase?
The focus on scaling solutions is predictable, but the video’s framing—specifically the decentralized oracle network—highlights a critical shift toward verifiable truth generation within the blockchain itself.