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1041  Bitcoin / Bitcoin Discussion / Re: Lightning Network Observer on: July 28, 2023, 02:22:23 PM
im not a bitcoin cash fan. i never used it i never even claimed their forked coins of the same key i used on bitcoin ever


No? But you merely claimed that Bitcoin "bilaterally split into Bitcoin Core and Bitcoin Cash", right? Therefore making Bitcoin Cash as rightful as having to be considered also Bitcoin? You further said that it's like the "Dollar". There's the U.S. Dollar, the Australian Dollar and the other "Dollars". What was that? Your attempt to make what is considered Bitcoin worth less?

Quote

you are the ultimate troll that are again spouting silly rhetoric trained on you by an idiot mentor of yours that makes you think those that dont treat core as god must be a fork coin lover


To be called a troll by you is an honor. That means I'm doing something right. But you, why would trustworthy developers like gmaxwell and Achow give you a negative trust-rating?

 

Your script is to convert "layer 2" to "subnetwork".  
Your script is to convert "offchain" to "other networks".  
Your script is to convert an inclusive and eloquent soft fork into "bloat".  


He's gaslighting. It's actually to confuse the newbies reading our debates.

It's so moronic that the forum vote for him as the "anti-hero", giving him recognition. It probably means that a majority of people in BitcoinTalk don't truly have a grasp of basic concepts about Bitcoin or what's happening around it.
1042  Bitcoin / Bitcoin Discussion / Re: Lightning Network Observer on: July 28, 2023, 08:39:48 AM

subnetworks have a NICHE but are not the solution. especially not this flawed subnetwork called LN that needs a complete rebuild or be scrapped and a fresh attempt made using different economic model.. rather then waiting another half decade for empty promises and pretend successes, even when the stats do not convey what they pretend


What's that? Haha. I know there are some smart developers who are right to criticize some aspects of the Lightning Network, but from a troll like you saying that it should be "scrapped"? Roll Eyes

The developers working on Lightning are doing a better job in REAL scaling if you look and compare it with a coin like BCash. You laugh at the people in this forum because they support Lightning? Look at your community in BCash, believing that the solution to real scaling is by making blocks bigger and bigger forever, without any consideration for the limitations of bandwidth and hardware.
1043  Economy / Speculation / Re: Bitcoin - The road to a SIX DIGIT price valuation on: July 28, 2023, 06:13:27 AM
I respect your opinion and you have a point, but I can't entirely agree. Bitcoin is a blackhole for fiat currencies. If the Cabal behind the Central Banks print more, Bitcoin will absorb more and add to its market value. It's currently right there happening in front of us, and the ETFs will make the trajectory to six digits steeper and faster. Plus wait for QE when there's more liquidity available in the system. It might be "Oh My God It's Christmas" during March of 2025.
Wait?

Would be great right if bitcoin drive its value and more and more people join the crypto industry right or I am missing something here so in my opinion Bitcoin ETF is great but anything also has advantages and disadvantages

the big Disadvantage is those companies like BlackRock and other US companies will have the majority of Bitcoin maybe in total would be couple of percent of Bitcoin supply and the ETF buyer dont have real impact to Bitcoin world


I'm tired of wasting time making the same debate like a broken record. Read the hypothesis in OP about Gold's ETF and just connect the effect of an ETF in Bitcoin's own market.

 Cool

~snip~
I have no fascination. Simply noticed the large difference in networth between Chad Saylor and BlackRock. Larger networth = Possibly a larger investment into Bitcoin. It probably might be three times Saylor's investment by BlackRock? More if we consider the investments of the other major asset managers?

Of course, the difference in capital that you mention is incredible, because a few billion $ compared to $10 trillion managed by one company together with all other companies/funds make up tens of trillions of $ in value, and all this in a possible combination with investing in Bitcoin definitely tickles the imagination of anyone who thinks about it.

The question of all questions is how much interest there is in investing in Bitcoin through such funds - is it 1%, 5% or maybe even 10% - are we talking about tens, hundreds of billions of $ or even trillions of $?


I actually don't know, but if BlackRock was correctly and accurately described in this post, https://bitcointalk.org/index.php?topic=5459385.msg62598645#msg62598645

Therefore I truly believe BlackRock will make the largest investment by an institution/asset manager in Bitcoin's history. How much is Chad Saylor's Bitcoin investment? 0.05% of Total Supply?
1044  Bitcoin / Bitcoin Discussion / Re: Lightning Network Observer on: July 27, 2023, 03:37:18 PM
*Luddite noises*

The evidence is clear.  On-chain "scaling" (which isn't actually scaling) might gain a few extra transactions per second.  But off-chain allows for a far greater number of transactions per second.  Even with all your whining about routing issues, it's still giving us, right now, a larger number of transactions than your caveman notions of how Bitcoin ought to work would give us.  No one cares about your backwards, ignorant notions about how this should work.  You have zero credibility, you can barely even read and most people find you to be an undesirable nuisance at best.  Give it a rest, you deluded basket-case.


Like now StopAndDecrypt's write up says that the term "on-chain scaling" gets used many times without context, I believe it's the same with us in the forum.

For context, the post in this quote is REAL on-chain scaling,

Quote

When I talk about scaling in this article, I’m talking about one thing and one thing only, increasing functionality without sacrificing decentralization, and the total set of validating nodes is one of the most direct representations of how decentralized the network is. Focusing on anything else when discussing scaling in regards to blockchain networks is either a result of not properly understanding this, disagreeing with it, or an act of intentionally misleading for whatever reasons one may have to do so.

https://medium.com/@StopAndDecrypt/266c136fc55d#aee4


We can't have a proper debate and we can't learn from each other if we don't have the real, common definition of on-chain scaling. Plus there's another concern, that's if the other party of the debate is a troll who is merely misinforming and gaslighting the public.
1045  Bitcoin / Bitcoin Discussion / Re: The blocksize war on: July 27, 2023, 03:19:03 PM
Hello. I am interested in learning about "The blocksize war".

I have been in Bitcoin since 2020, and therefore, I don't know the history before 2020. I know that it was a "debate" regarding the block size, but I want to read details about it.

I can google it, but I don't know who to trust. So, knowing that there are many knowledgeable people in this forum, could you tell me more about this period?

Of course, any relevant website, video, article is more than welcome.
 

Read "The Long Road To Segwit: How Bitcoin's Biggest Protocol Upgrade Became A Reality" by Aaron Van Wirdum. He's definitely the most trustworthy person you can find that wrote about the subject-matter.

https://bitcoinmagazine.com/technical/the-long-road-to-segwit-how-bitcoins-biggest-protocol-upgrade-became-reality

That write up will give you the history, what caused the "Scaling Debate", the context why, and why the the Core Developers chose the path where we are today.
1046  Bitcoin / Bitcoin Discussion / Re: Lightning Network Observer on: July 26, 2023, 03:18:49 PM
If the Lightning Network is as bad as you say, then OK. But that doesn't signify that the developers should stop working on it or users should stop using it just because of your trolling-opinion.

Honestly, if I were a dev and having doubts or second thoughts about the work I was doing on LN, but then I read one of franky1's posts, I'd redouble my efforts and work that much harder just to spite him.  That's the effect he has on people.  He thinks he's being demotivational, but he's doing the complete opposite.  If he had any real faith in what he's claiming, he'd just shut up and let it happen.  But he sees LN development continuing and more in the pipeline to come, so he feels compelled to keep sniping from the sidelines.  Palpable butthurt is palpable.  No one likes his worthless ideas, so he has to lash out at the ideas people do like.  Petty and tragic in equal measure.


Why would any dev read franky1's posts? They're laughable and full of disinformation. I know there are criticisms directed to the Lightning Network, but there probably isn't another team of developers that's doing as great of a job. Compare Lightning developers to the developers of something like BCash. It's not close in my opinion and franky1 comes in the forum and gaslights us that we are wrong? Haha.

you seem obsessed that the debate is core or bcash...


No frankandbeans, it's you. You're the one obsessed about making the Core developers look "evil" by accusing them that they're keeping the blocks small so they could promote their, what is it? Their "alt-subnetwork"? Without taking into account about the technical debate that they've presented. But once presented with a technical debate, the big blockers start to use big walls of texts made up of ad hominem, straw man fallacies, and disinformation to confuse and gaslight everyone.

 Cool
1047  Economy / Trading Discussion / Re: For newbies and plebs who want to self-study to become "traders" on: July 26, 2023, 02:47:55 PM
My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.

This has been the norm for a long time. I know a lot of self-acclaimed expert traders who primarily make their money from users subscribing to their signal service or enrolling programs. If majority of the trading learning resources (video, article, etc) are from traders who aren't profitable, it becomes a problem for newbies to learn since they would be unprofitable as well when they eventually put the trading skills to practice.

Biggest question iis findimg quality trading resources.


For under-capitalized plebs like many of us are, you won't have to find quality "trading resources". It would be a waste of our already limited capital. The best use for it is merely to buy the Bitcoin DIP, and HODLing it as a store of value, then DCA any additional capital that you earn.

Plus instead of wasting your time in trading, just find a job, a second job, or other ways to earn extra money.
1048  Economy / Speculation / Re: Bitcoin - The road to a SIX DIGIT price valuation on: July 26, 2023, 02:29:49 PM
~snip~

BlackRock wants to offer a spot BTC ETF to the market, which for me is something much different than the fact that they as a company have a special interest in Bitcoin or anything else except that their company increases profits. In addition, the part of their request in which they mention forks does not look the least bit friendly when it comes to Bitcoin, because they already suggest in that statement that they could choose any fork that would be more favorable for them at that moment.


I made these posts about the issue,

https://bitcointalk.org/index.php?topic=5456494.msg62417885#msg62417885

https://bitcointalk.org/index.php?topic=5456494.msg62452869#msg62452869

I asked in one of them what's BlackRock's stance on E.S.G. - Environmental, Social, and Governance.

Quote

What Is Environmental, Social, and Governance (ESG) Investing?

Environmental, social, and governance (ESG) investing refers to a set of standards for a company’s behavior used by socially conscious investors to screen potential investments.

https://www.investopedia.com/terms/e/environmental-social-and-governance-esg-criteria.asp


Quote

Furthermore, why the fascination with the trillions of $ they manage as if all that money or at least some significant part will flow towards BTC? We can hope for some things, but we still need to be realistic and take into account the other two possible outcomes - and the first is that the SEC will not approve the ETF, and the second is that even if it is approved, it will not have too much of an effect on the BTC price.


I have no fascination. Simply noticed the large difference in networth between Chad Saylor and BlackRock. Larger networth = Possibly a larger investment into Bitcoin. It probably might be three times Saylor's investment by BlackRock? More if we consider the investments of the other major asset managers?
1049  Economy / Economics / Re: Can CBDC users lose control of their money? on: July 26, 2023, 07:16:38 AM
I'm sorry ser, but you are very very wrong, and I'd advice you to be very careful in carrying that kind of thinking with you.

Maybe he should read [GUIDE] All About Central Bank Digital Currency (CBDC)

Quote
A CBDC is a centrally programmable digital currency issued and controlled directly by the government itself. It's not like "mobile banking", it bypasses the banking system, and they should actually be made illegal. There should be a separation of Money and State.


CBDCs are from governments and central banks and I think they will be made legally at least in their nations. Their governments and central banks that create those CBDCs will accept their own CBDCs legally.

I guess you wanted to discuss that CBDCs will be considered as illegal at global scale. Like a CBDC in one nation will be considered as illegal in other nations or by IMF. Is it what you meant?


No, I literally mean that from a technical perspective - Direct programmability of a digital currency made by a centralized authority should be illegal. CBDC will be MORE tyrannical than the current, ALREADY, tyrannical financial system.

I believe that anyone involved in BitcoinTalk should spread more awareness about the challenges that CBDCs present in our financial freedom. Because it's obviously not just another form of "digital fiat".
1050  Bitcoin / Development & Technical Discussion / Re: The Lightning Network FAQ on: July 25, 2023, 03:17:08 PM

Using Lightning through BlueWallet does not have "remarkably low fees". It was known that it had hidden fees for each LN transaction that would sometimes cost the user high fees than the average, depending on demand and transaction size.
When it did exist, yes, but isn't BlueWallet's hub shut down?


They did, as I also mentioned in the same post, which wasn't included in your quote. Cool
1051  Bitcoin / Bitcoin Discussion / Re: My Appeal to the Average Joe and Jane Bitcoin Investors: Buy Bitcoin Now! on: July 25, 2023, 02:56:22 PM
The worst advice to convince the Average Joe and Jane to invest in Bitcoin is when someone force them to start buy now when they still not understand what's Bitcoin, how's Bitcoin work and the reason they want to invest in Bitcoin.

Most of people are invest in Bitcoin for making money, but if they're invest in Bitcoin because of decentralization, inflationary, security, privacy and be your own bank reasons, they're definitely long term holder and not care about FUDs.


It's just part of that cycle of adoption when a new technology starts emerging like the genesis of the internet's popularity. Many people who didn't regularly use the internet during those early days thought it was just a short-lived craze used mainly to post pornographic images. It will be the same for Bitcoin, many people heard a rich old dinosaur say that it's "Rat Poison Squared", and therefore for people who don't use it, it's just a scam.

 Cool
1052  Bitcoin / Development & Technical Discussion / Re: The Lightning Network FAQ on: July 25, 2023, 02:39:40 PM
OP, probably good to remove BlueWallet and add Mutiny.


In my venture to explore the Lightning Network (LN), I opted for the seamless experience provided by BlueWallet. The transactions conducted were solely in BTC, amounting to a mere USD $0.1. The swiftness of these transactions was remarkable, accompanied by remarkably low fees. However, I find myself more inclined towards Bitcoin (segwit) due to familiarity.


Using Lightning through BlueWallet does not have "remarkably low fees". It was known that it had hidden fees for each LN transaction that would sometimes cost the user high fees than the average, depending on demand and transaction size.

Quote

For LN, it may be suitable for facilitating sales and purchases at various stores while also introducing the original Bitcoin, highlighting how it is perceived, what is observed, and so forth. As of now, there are no plans to uninstall the game here.


Uninstall the "game"? You mean BlueWallet? They already removed support for LN two months ago, that's why OP must remove it in his list and add another wallet like Mutiny.
1053  Economy / Economics / Re: Can CBDC users lose control of their money? on: July 25, 2023, 07:39:37 AM
Here's what was found there:

Tweet about it. Curious options, right?

"Many in the cryptocurrency community have raised concerns that a CBDC has the potential to infringe on their financial freedom and encroach on their privacy." - This wording sounds in the article (from cointelegraph.com).
What was the expectation?

It’s centralize and control is the whole point. For what is worth, we still operating some form of mobile banking and has got to operate just the way commercial banks do operate and that is, freezing and unfreezing of account, transferring coins as they deem fit and monitoring the transaction of users. It makes no difference. CBDC and mobile banking, it’s typically the same thing to me.

There still exists a huge difference between CBDC and cryptocurrency hence, the ideas which backs it up to be a competitor for the cryptocurrency innovation is very much wasted.


I'm sorry ser, but you are very very wrong, and I'd advice you to be very careful in carrying that kind of thinking with you. A CBDC is a centrally programmable digital currency issued and controlled directly by the government itself. It's not like "mobile banking", it bypasses the banking system, and they should actually be made illegal. There should be a separation of Money and State.
1054  Economy / Trading Discussion / Re: For newbies and plebs who want to self-study to become "traders" on: July 25, 2023, 07:23:09 AM
Trading is like gambling

It IS actual gambling, especially for us plebs. I don't care what "skill arguments and justifications" many people post because if there's any possibility that we'll lose money in something, then it's a gamble.

Having said that, even starting a business is a gamble, and a leveraged gamble at that if you, as the entrepreneur, are using borrowed/loaned money.

New business is gambling because one hasn't have the experience of the market challenge and you will not be fully prepared for the risk. Trading is gambling and only few traders make success in trading just the way gamble is. In trading one with always loss more than he gains. When you trade is like you are chasing shadows instead of hodli to make big profit.

Newbies think trading is profitable and they rush into it without know the risk involved in it for professional traders,talk more of the newbies.What I have understand in bitcoin investment,it is better that you cherish your coins and keep hodli than you get greedy and gamble them off,think that you want to make profit with your coins.


No, the point is more like, to start a business you need to borrow money, and to borrow money you need to have something as collateral as an assurance for the borrower, with you knowing that you might lose the collateral if your business fails. That's the gamble, and the probability of success for any new business is only 25% to live for 15 years. 75% of new businesses fail within 15 years.
1055  Economy / Speculation / Re: Bitcoin - The road to a SIX DIGIT price valuation on: July 25, 2023, 05:36:13 AM
From just a business and investment perspective, what would be the more significant investments than what BlackRock and the other asset managers are going to bring if their applications are approved? I can't think of any other unless Russia and other sanctioned countries start buying Bitcoin and HODL them in their "vaults".

Why, buying actual Bitcoin and holding it. As I've mentioned many times, institutional interest from 2016 already led to huge OTC buys. Look at the famed custodians holding huge amounts on behalf of institutional. Look at Saylor, more recently. Look at the Norwegian sovereign wealth fund from a few years back.

They didn't need to sit around waiting fir ETFs (which interest short-term speculators). They went out and added actual coins to their portfolios. You don't think those are more significant than ETFs that sometimes also use derivatives? Then again. I'm no expert, just an opinion-monger ha.


I'm no expert too, I'm merely a pleb like most people in BitcoinTalk, BUT what I heard is BlackRock has ownership rights in most United States Banks, they own shares in most of U.S. Pharma and they are said to be an administrator of 10% of trading of major stocks WORLDWIDE. The total assets they manage might be half of the United States' GDP, it's said to be worth 10 Trillion United States Dollars.

BlackRock is also the biggest asset manager that owns shares in Amazon, Google, Facebook, other major tech companies, AND currently they want Bitcoin.

To $500,000?

¯\_(ツ)_/¯
1056  Economy / Trading Discussion / Re: For newbies and plebs who want to self-study to become "traders" on: July 24, 2023, 11:28:49 AM
Trading is like gambling

It IS actual gambling, especially for us plebs. I don't care what "skill arguments and justifications" many people post because if there's any possibility that we'll lose money in something, then it's a gamble.

Having said that, even starting a business is a gamble, and a leveraged gamble at that if you, as the entrepreneur, are using borrowed/loaned money.
1057  Economy / Trading Discussion / For newbies and plebs who want to self-study to become "traders" on: July 24, 2023, 08:27:16 AM
My advice - BE CAREFUL

Investment and trading books, articles and videos are made by people who might not actually be winning traders. They make their money by writing "investment materials" and sell it to us, the plebs.

Plus "as traders", most of you will lose money and leave. Some of you might return and lose more money. Some might have learned their lesson the hard way and just HODL Bitcoin. The few who actually put in the most time, effort and who are well-capitalized might make it.
1058  Bitcoin / Bitcoin Discussion / Re: Days you need to work your ass at minimum wage for a BTC, by country on: July 24, 2023, 08:11:55 AM

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Luxembourg
Australia
New Zealand
Germany
United Kingdom
Ireland
Netherlands
France
Canada
Monaco
Belgium
San Marino
South Korea
Israel
Austria
Slovenia
Spain
Japan
United States of America
Andorra
Taiwan
Malta
Lithuania
The Bahamas
Poland
Greece
Oman
Hong Kong
Macau
Portugal
Saudi Arabia
Argentina
Barbados
Slovakia
Czech Republic
Romania
Estonia
Latvia
Croatia
Palestine
Saint Kitts and Nevis
Montenegro
Hungary
Antigua and Barbuda
Palau
Costa Rica
Turkey
Bulgaria
Belize
Ecuador
Jordan
Lebanon
Uruguay
Chile
Trinidad and Tobago
Marshall Islands
Bolivia
Paraguay
Morocco
Bosnia and Herzegovina
Guatemala
Colombia
Panama
Albania
South Africa
El Salvador
Serbia
Turkmenistan
Seychelles
Gabon
Vanuatu
Fiji
Thailand
Mexico
Dominica
Brazil
Peru
Ukraine
Philippines
Equatorial Guinea
Malaysia
Russia
People's Republic of China
Dominican Republic
Mauritius
Indonesia
Azerbaijan
Honduras
Republic of Macedonia
Kosovo
Saint Vincent and the Grenadines
Jamaica
Kuwait
Cambodia
Papua New Guinea
Iraq
Guyana
Tunisia
Republic of the Congo
Botswana
Moldova
Armenia
Algeria
Mongolia
Laos
Vietnam
Comoros
Nepal
Nicaragua
East Timor
Chad
Pakistan
Iran
Libya
Uzbekistan
Haiti
Mauritania
Lesotho
Solomon Islands
Nigeria
Benin
Afghanistan
Central African Republic
Kazakhstan
Ivory Coast
Cameroon
Togo
Burkina Faso
Kenya
Eswatini
Myanmar
Senegal
India
Angola
Niger
Mali
Bhutan
Sri Lanka
Zambia
Sierra Leone
Mozambique
Ghana
Uganda
Guinea-Bissau
Madagascar
Malawi
Tajikistan
The Gambia
Democratic Republic of the Congo
Bangladesh
Tanzania
Kyrgyzstan
Syria
Cuba
Sudan
Venezuela
341
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371
405
435
439
451
454
455
456
514
522
556
630
641
661
677
726
735
915
974
996
1,003
1,009
1,018
1,067
1,091
1,098
1,102
1,141
1,223
1,239
1,257
1,261
1,265
1,387
1,543
1,548
1,568
1,579
1,714
1,718
1,733
1,755
1,782
1,823
1,840
1,872
1,982
2,025
2,038
2,052
2,055
2,373
2,632
2,690
2,700
2,740
2,773
2,791
2,823
2,867
2,952
2,983
3,000
3,033
3,193
3,336
3,373
3,380
3,388
3,401
3,528
3,554
3,746
3,807
3,831
3,862
3,922
4,109
4,138
4,145
4,191
4,314
4,471
4,497
4,525
4,529
4,538
4,549
4,559
4,563
4,704
5,249
5,292
5,434
5,475
5,621
5,665
5,815
6,128
6,162
6,190
6,322
6,882
6,900
7,185
7,271
7,935
8,436
8,495
8,774
9,367
10,519
10,799
11,151
11,454
11,736
12,153
12,659
12,762
13,337
13,739
13,826
13,949
14,465
14,600
15,598
15,778
15,847
15,962
16,246
16,516
16,846
17,776
17,980
18,159
18,372
19,043
19,909
25,289
25,704
26,578
29,122
41,165
41,321
43,281
49,773
51,651
52,392
67,593
114,063
248,864
842,308
1,095,000


Compare with the countries with the highest inflation rates and notice the numbers in Venezuela, Sudan, and Syria.

Quote

Top 10 Countries with the Highest Inflation Rates (Trading Economics Jan 2022)

Venezuela — 1198.0%[/b)
Sudan — 340.0%[/b]
Lebanon — 201.0%
Syria — 139.0%[/b]
Suriname — 63.3%
Zimbabwe — 60.7%
Argentina — 51.2%
Turkey — 36.1%
Iran — 35.2%
Ethiopia — 33.0%

https://worldpopulationreview.com/country-rankings/inflation-rate-by-country


It doesn't only show that people in countries with the lowest minimum wages take longer to accumulate until they have one whole Bitcoin, it also shows that if you live in one of these countries, you SHOULD own Bitcoin as a store of value.
1059  Bitcoin / Wallet software / Re: A Non-Custodial wallet, Atomic Wallet, being compromised on: July 22, 2023, 03:51:14 PM
Just did a quick look around, has there been ANY update anywhere on this?

None that i have heard or seen of, i think the bigger issue here is that Atomic Wallet doesn't know what caused the mass attack of their customers, so i don't think we are looking forward to any update. It is closed source, they don't know what caused the hack, then it can happen again!


Because it's closed source doesn't mean that they do not know what caused the hack, they probably do. It should actually be BECAUSE it's closed source that the community should be more suspicious. The Atomic developers can check the code, but the open source community can't. What could go wrong?

¯\_(ツ)_/¯
1060  Economy / Speculation / Re: Bitcoin - The road to a SIX DIGIT price valuation on: July 22, 2023, 03:30:29 PM
From just a business and investment perspective, what would be the more significant investments than what BlackRock and the other asset managers are going to bring if their applications are approved? I can't think of any other unless Russia and other sanctioned countries start buying Bitcoin and HODL them in their "vaults".

Let's hope this bold will not happen (at least not officially) because it would be the ideal vector of attacks on Bitcoin in the rest of the world.


Well whether that will or won't happen, it's truly out of our control. We will have our differences and our own personal opinions about it, but there's nothing that can be done about it. No one has any right to say how, or who, or where Bitcoin should be used, who should be using it, and where it should be used. Bitcoin itself is neutral.

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The implications that such countries would start buying larger amounts of BTC add fuel to the fire of those who want to portray BTC as something that serves these countries to avoid sanctions.

Of course Bitcoin as well as fiat can serve good as well as bad purposes, but the key difference is that the "dirty fiat" has the support of every state that issues it, while Bitcoin is exposed to attacks from all sides and practically has no adequate defense.


I know everyone wants Bitcoin to be viewed as something as a net-good for the world, but as technically designed, what does everyone truly and honestly think could happen?
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