The problem with this line of reasoning is that the most intuitive solution is: All means of production, not only labor, should be in the hands of the laborers. That's communism, or some variation thereof.
Yes, doesn't really pass the litmus test of slavery which is the inability to walk away (unless one considers being subject to natural processes like thermodynamics and gravity to be slavery). Also most people put the "collar" around their own neck Personally, I could live in the house I own and grow and kill my own food to my own benefit but I'd still have to stump up $ in taxes so if there's any slavery, it's right there. |
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Everyone got their 69 memes ready to go? It might be a narrow window of opportunity.
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The Jamie Dimon clown show contra indicator:  Just underscores the old adage of it's not what you know, it's who you know. Meanwhile, where five years ago, mentioning Bitcoin as a hedge against inflation when it came up in forums would typically be met with poo-pooing or countering with suggestions of gold five years ago. These days, no pushback or maybe someone pushing shitcoins at the most. |
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I don't understand why any long term holders are selling at these levels. The rocket is just igniting and weve already been at this level this year.
.... the real question is what are they buying that they think will serve them better than bitcoin? You can't eat a bitcoin or take it with you. |
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Knock Knock $59k anybody home?
 60 by daybreak? |
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Squid Game? Fun, but I left because they refused to pay the winnings in Bitcoin. Pff....  My honeycomb picture was a Mandelbrot set  |
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if you are willing or able, you can borrow the mobile phone of your wife, gf, child or parents for these few minutes and quickly take a photo  that's how it was in my case too, and certainly with the other two bros as well   I've heard that some people possess a new kind of device where they have separated the picture taking functionality from the phone into its own module. My sources say that this may be called a "camera" |
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Funny how things went from:
"Bitcoiners" ---> "Bitcoin maximalists" ---> "Toxic Bitcoin maximalists"
The MSM trolls and shills hard at work astroturfing, gaslighting, and labeling a group as 'toxic', to push the public away from one thing (bitcoin) and towards another (shitcoins).
It must be working. Shitcoin communities are toxic circlejerks full of cognitive dissonance and delusional hopium.
This is SOP these days. Everything is filtered through the lens of the writer's agenda and no attempt at journalistic detachment is made. Sad times. |
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So, are "toxic bitcoin maximalists" only considered to be toxic by shitcoiners that don't get that shitcoins are shitcoins? I was wrapping my mind around this randomly appearing term too much in the last few days. In other news: Ants at work Toxic = "I don't agree with you but don't have a good argument to put forward either". Not that there aren't toxic people out there but when you see it used like this... |
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Looks like Gold prices are finally starting to feel the upward push of inflationary policy. I think our BTC rise so far this month has been more of a self fulfilling prophecy situation. Price going up because everyone is expecting it to go up Oct. through Dec. But now Gold is showing the natural effects of money printer go brrr and we'll start to see BTC accelerate in its uppity climb.
Anyone buying "gold" without holding shiny metal in their grubby paws is in for a shock when they open the vaults. |
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More like: "I am taking back the rainbow for Christians”
Pretty ballsy to be waving the symbol of gods promise not to flood the earth again in his face like that.. Methinks..
ARE you an A-hole just because some people think your are one?
What about the people who thing they are A-holes for using that symbol? Are they all A-holes because some people think they are?
I guess it depends on whose opinions you give a shit about, if any..
Taking back the rainbow for stoners  Nobody owns rainbows, they're a natural phenomenon. I do have a particular issue with the way the alphabet people are using it because they originally were using it to promote tolerance but now it's all about exclusion and all sorts of nonsense. |
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Enlighten me: why has the gold price been dropping in the past year?  From my (limited) understanding of economics, I'd expect gold to go up when (the fear of) inflation kicks in. But instead, it stopped going up the moment the inflation went up. Is this "normal"? Or could it have to be with Bitcoin taking over part of gold's safe haven position? Buy the rumor, sell the news? People may also be selling to buy things that they think may be about to become less available with the supply issues going on. |
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Translated from german, OT: EU is working on the “master key” for social networks
At the meeting of interior and justice ministers in Luxembourg, which ended on Friday, the start of an EU regulation against secure encryption in social networks was quietly and secretly set. Commissioner Ylva Johansson had such a regulation
(Interior department) already announced in spring.
It was discussed how WhatsApp and Co. should be obliged to compromise their end-to-end encryption (E2E) with master keys and to transfer chats in plain text to the prosecutors. According to Johansson, this is necessary to track child abuse online. The subject was not mentioned in the press release after the ministerial meeting.
Few things get me angry, but this one is exceptionally hard to swallow. I don't use facefook and whatsCrap, tho. EDIT: How about "democracy abuse", this would probably get most of these fuckers into jail. Never irrelevant  |
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Agreed. His contributions to Bitcoin are super valuable. And continue to be. As long as I ignore who he flamboyantly blocks on twitter and for why, I am fine. That was the bit the sort of surprised me. He does the cancel-culture thing pretty hard for people who hold different beliefs than him politically. Obviously there are some assholes on twitter (lol understatement) but it's strange to me that he is able to see so much nuance in some arenas and seemingly so little in others.
He was always someone I'd heard mention of but seemed never to hear much of directly other than the occasional tweet posted on the WO thread. For me though, the shine definitely went off when I heard that he had not accumulated any bitcoin over the seven-odd years he had been involved in it (at the time). That just beggars belief.
56.50 |
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Let see the worst case scenario how much Satoshi owns guessing from the earliest wallets. Two Bitcoin wallets associated with Satoshi holds 980,000 bitcoin which is about $54.10 billion as of today on Oct 2021. That’s less than two days of current trading volume of Bitcoin. (last 24h volume is $38.36b).
So yes it will slightly effect bitcoin price in terms of $ and guess how much time would it take to recover back? Few weeks? Couple of months? Or a year? That’s it…. That’s it even a year is too much of over calculation. But question here is would I be selling “any thing” because of any such event?
Well, the concern behind Satoshi moving his coins has always been less about his ability to move the market and more about possibly losing his anonymity and his hands-off approach and also the potential signalling of his confidence in Bitcoin. I'd say all three of these are much diminished compared to, 5-7 years ago though. |
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imho, nfts will evolve into a method of human/machine and machine/machine interaction rather than mostly 'artsy' objects.
1. an nft that opens a rented airbnb in London.
2. an nft that gives you the right to purchase something for certain price at a certain location or any location.
3. an nft that secures your car loan
if machine/machine interaction would be possible, then you would just 'task' your AI-agent and they 'go' around making it possible while you don't have to make a gazillion phone calls.
You can't just list random shit that people do and add "with an nft" next to it. They are simply bullshit invented by get-rich-quickers to fleece woolly thinkers of their money. |
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What happens when these channel states get ridiculously long? Is there a point at which we really NEED to close the channel and start a fresh one? Or can we really just keep these little channel ledgers going and going forever.
AFAIK, most channels are typically going to operate unidirectionally (either constantly or net over time) in the real world so periodic settlement is and reopening is likely. |
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To be fair, email is a pretty shitty protocol by today's standards. Encryption and signing should be standard. Some email clients kinda-sorta can but it's not what you could call well supported. Even the web with it's broke-ass root CA system has managed to get everyone moving to https.
Some emails do encrypt the data on the backend I think. I think most email providers encrypt it on the backend because it makes it easier for normal people to use the email without knowing how to encrypt. I think it is well supported and it makes it easy to use. You cannot expect a 80 year person to learn about PGP and encrypt their own emails because it would reduce the people they could talk to because not everyone knows how to do it. I think encrypting it on the backend makes it easier for people to communicate quickly and safely. Maybe they do, maybe they don't. Who controls the keys and what protection is in place? There's some point to point encryption in SMTP and POP and IMAP but what we're really needing is end-to-end encryption, by default. And yes, 80 year olds and anyone shouldn't need to learn that shit but they should be able to look at the big red bar at the top of the email that says "This email is not from your bank", or paypal, or ebay, or your grandson in jail that should be there in a well-written protocol. Don't get me wrong though. I know why email is how it is and why it's so difficult to change. It's just that the people writing the email clients should be doing better, especially those who can afford to do so, like Microsoft. Especially now we're all carrying side-channel communication devices which could be utilized for fairly secure key exchange. |
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Problem is, noobs tend to assume everything in their Inbox is true and genuine. "But it was an email! To me! It had my name on it!" they scream, as if this somehow makes it genuine.
To be fair, email is a pretty shitty protocol by today's standards. Encryption and signing should be standard. Some email clients kinda-sorta can but it's not what you could call well supported. Even the web with it's broke-ass root CA system has managed to get everyone moving to https. |
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I’ll say it again - stupidity seems to be the rule here.
Greedy noobs, beware ffs, and DYOR.
It's an interesting study in human psychology for sure. |
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