I've always been a bitcoin and Monero bull but have always thought of BTC as being the store of value for the ngu tech but it seems like we may be hitting a point where the tweeters are realizing Moneros value and we may see the value proposition sooner rather than later. IOW I think the next few months are critical.  @Caps..Hope your weathering the coof reasonably, being vaxed helped me alot imo. <<<--- not gonna post this in wo as don't need to hear the insane asylum lose their shit. |
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Let's not count :p
but I heard gays are most soft hearted people on earth they can't hurt any one and they are harmless too. Is it true?
Don't ask me how i know.
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It's pretty fucking gay.
Don't much like things gayer than myself.
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I have to admit... I am not done processing this news, and the concept gives me a little pause.
BUT. One thing I think many have not yet seen (gawd I sound like CSW) is the fact that the Bitcoin blockchain will continue to be the most secure distributed shared database on the earth. And that quality gives it the unique ability to underpin these sorts of products.
One thing you often hear from the mouths of alt-coiners is that Bitcoin will not be able to pay the miners after a few more halving to remain as secure as it should. But the tradeoffs being made imply the possibility that transactions on the base layer could become quite expensive over time. Either that or we allow more of them, or a combination.
But what we have here is a transactional currency that is rooted in the security of the base chain.
I really wish Finney had lived to see this. I would love to hear his thoughts on the matter. I feel like it could be a sort of extension to what he described with his "bitcoin banks" ideas.
Is it dangerous? Does it somehow subvert Bitcoin and give control back to the elites?
I have no idea. But I do know we will hear that a lot. Tech surprises us. This is a VERY interesting evolution in the history of Bitcoin. i do think this is going to get the attention of a lot of very powerful people. And the fun part is... if the Fed does not allow the dollar to be traded this way, then something else will happen instead. They either embrace this. Or they get steamrolled.
I haven't looked into any of this but are they just copying bitcoin omni layer onto lightning? Sir i want to Explain it as much i know it. It is going to be merged like The Lightning layer and the OMNI layer the basics of OMI layer is to provide the Base of the Flow of Stable Currency as USDT through out the various nodes on the Lightning Layer for the funds transection. It seems like combo in which stable coin flow will be of Pegged or Derivative Contract as TUSD and USDT. Other i am not sure for The Communication between the layers Sorry but I just can't follow your broken English posts, maybe in the future you might want to just quote pertinent information rather than trying to paraphrase it? I've found this article that seems to do a pretty good job of eli5ing it and indeed it does look like a patch to run omni code over lightning. https://thebitcoinmanual.com/articles/ln-stable-coins-work-omnibolt/OmniBOLT is based on the fundamental theory of Lightning Network specification and describes how to enable OmniLayer assets to be circulated via lightning channels and how can smart assets benefit from this novel quick payment theory. |
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I have to admit... I am not done processing this news, and the concept gives me a little pause.
BUT. One thing I think many have not yet seen (gawd I sound like CSW) is the fact that the Bitcoin blockchain will continue to be the most secure distributed shared database on the earth. And that quality gives it the unique ability to underpin these sorts of products.
One thing you often hear from the mouths of alt-coiners is that Bitcoin will not be able to pay the miners after a few more halving to remain as secure as it should. But the tradeoffs being made imply the possibility that transactions on the base layer could become quite expensive over time. Either that or we allow more of them, or a combination.
But what we have here is a transactional currency that is rooted in the security of the base chain.
I really wish Finney had lived to see this. I would love to hear his thoughts on the matter. I feel like it could be a sort of extension to what he described with his "bitcoin banks" ideas.
Is it dangerous? Does it somehow subvert Bitcoin and give control back to the elites?
I have no idea. But I do know we will hear that a lot. Tech surprises us. This is a VERY interesting evolution in the history of Bitcoin. i do think this is going to get the attention of a lot of very powerful people. And the fun part is... if the Fed does not allow the dollar to be traded this way, then something else will happen instead. They either embrace this. Or they get steamrolled.
I haven't looked into any of this but are they just copying bitcoin omni layer onto lightning? |
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Apparently the Chinese need to stock up on pickle jars. |
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It wouldn't be much of an issue if the paper wasn't rolled over but was settled at close.
What's 'close' in the Bitcoin world? On chain transaction as far as I'm concerned. |
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"BTC is manipulated just like gold". It is a double edged sword. You want some ability to maneuver shift and trade it, but an exchange at 20x leverage or more is hurting it by allowing too much push in the wrong direction at a smaller cost.
It wouldn't be much of an issue if the paper wasn't rolled over but was settled at close. They like to use the "adding liquidity" lie to hide their schemes. |
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S2F is not significantly or materially disrupted, yet..
Sure S2F might be delayed or it might need to be adjusted.. but it is not disrupted.
#justsaying
delayed or adjusted == disrupted.  Hahahaha Fair enough.. We can disagree on that point, even though it is a fairly reasonable semantical point.... You may have already noticed that I have a bit of triggering in me when I just get somewhat irritated by some of the prematurity of the attacks (and denigrations) on the S2F model, and perhaps PlanB brought some of these kinds of attacks on the model upon himself when he has been making claims (even in much of 2020 when the BTC price was underperforming the model's expectations) that if x price does not occur by y date then S2F is broken and blah blah blah nonsense (then he was making similar kinds of claims in late 2021 that if certain BTC prices are not met by certain dates then the S2F model is broken.. blah blah blah).... . I'm not one of those to jump on a bandwagon, feel free to go back and check my history. I have said S2F was broken from day 1. It does not take into account the institutional fuckery going on. Derivatives and fractional reserve naked shorting are skimming off by my guess 15-20% of the cap across the board (which btw is about how much out of wack stf is on a cursory glance) and if people do not stop supporting the actors that are doing this it will only get worse until bitcoin is manipulated just like gold and that is what the scumbag bankers ultimate goal is in this space.
Paper bitcoin is their goal to our detriment and that was not satoshi's dream. |
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17 million customers and 19,000 registered sellers and recorded at least $1.35 billion in sales in 2020 alone. Despite the massive revenue, however, the German police were only able to seize 543 Bitcoin worth around $25 million at current prices due to the “Bitcoin Bank Mixer,” a proprietary mixing service for obfuscating Bitcoin transactions provided by the platform. https://cryptobriefing.com/germany-seizes-25m-bitcoin-darknet-marketplace-bust/ |
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[NEW POOL]
please test new pool
xᴍʀᴍɪɴɪɴɢ.ᴛᴋ
Pools are old Tech. Use P2Pool people. |
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S2F is not significantly or materially disrupted, yet..
Sure S2F might be delayed or it might need to be adjusted.. but it is not disrupted.
#justsaying
delayed or adjusted == disrupted. |
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I like both models but S2F seems disrupted due to covid. derivative and naked shorting fuckery
FTFY |
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It's somewhat reassuring that we haven't gone down the road of the EU. There are still some people in government here who understand that financial privacy is a human right (even though they may still need some educating on the finer points). Then there's Elizabeth Warren. She's in a class by herself LOL. At least she thinks she's fighting the good fight. But UnJustin Falsdeau -- an utterly contemptible creature without a moral compass.
We've got some pretty nasty people to contend with, here in the West
IOU +1Warren is the enemy and is using 1984 as an instruction manual. |
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