My whole point in my post was to briefly explain to NotATether that using DEX for exchanging crypto is not actually a centralized way and if we think that technically it's a centralized way, then we can consider absolutely everything about bitcoin to be centralized. That was just my point, that's all.

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Btw guys, have you thought about what would be Bitcoin's price if centralized exchanges didn't exist? Or how massively adopt it would be? I am not a CEX fan but it has its pros and cons that we can't deny.

Lol. Its running on vegetable oil or is it just cooled by vegetable oil? Both seem like bad ideas to be honest. 

I heard that you can even mix in vegetable oil with diesel or run modern diesel cars (with a few tweaks) on pure vegetable oil and for the short term, everything will be fine, performance-wise. But in the mid term or long term it will absolutely gunk up and destroy the car's engine.

The same must be true for electricity generation for Bitcoin mining. At some point in the very near future the vegetable oil will gunk up everything and the motor will stop working. Why not just use old motor oil or something? Hell, you could even melt down and distill plastic into use-able fuel which won't gunk up the motor (much).

Modified fuel systems

Most diesel car engines are suitable for the use of straight vegetable oil (SVO), also commonly called pure plant oil (PPO), with certain modifications. Principally, the viscosity and surface tension of the SVO/PPO must be reduced by preheating it, typically by using waste heat from the engine or electricity; otherwise, poor atomization, incomplete combustion, and carbonization may result. One common solution is to add a heat exchanger and an additional fuel tank for the petrodiesel or biodiesel blend and to switch between this additional tank and the main tank of SVO/PPO. The engine is started on diesel, switched over to vegetable oil as soon as it is warmed up, and switched back to diesel shortly before being switched off to ensure that no vegetable oil remains in the engine or fuel lines when it is started from cold again. In colder climates it is often necessary to heat the vegetable oil fuel lines and tank as it can become very viscous and even solidify.

https://en.wikipedia.org/wiki/Vegetable_oil_fuel

But I do like the idea of using waste to fuel Bitcoin mining. Another good idea would be to ferment alcohol from scraps or methane gas from cow dung. 

It's really important not to oversell Bitcoin because that can cause a lot of negative reactions from people and associations with scams, Ponzi schemes that people promote because they really need others to join.

If there's a community that doesn't have the Internet connection, I think working on providing that connections and helping to learn the basics of using the Internet. Such people don't need to learn about Bitcoin unless they're really interested because first things first.

As for knowledge not being a waste, even if a person doesn't have enough money to invest into Bitcoin, I agree with the op on that.

That's the problem. As I said in the previous article, I also do not prohibit if someone really wants that but in other conditions of course in this case we must be aware of our capacity and if you are not able to do that then do not have high expectations, especially doing crazy things like exchanging bitcoin and switching to altcoins in the hope of higher returns after that you can buy bitcoin again with a larger amount of money.

This #Bitcoin mining farm in Guatemala 🇬🇹 is running on vegetable oil, helping restaurants from throwing it at a local lake ⛏️

https://twitter.com/LuxorTechTeam/status/1677041481486327808

Well, thinking that way, Bitcoin is everything other than decentralized p2p payment method that doesn't depend on 3rd parties. Actually, you depend on 3rd parties, including miners and node runners.

If nodes don't broadcast and if miners don't include your transaction in the next block, you won't be able to finalize transaction. You also depend on Core developers, internet service providers, on electricity and so on.

Woah thats crazy that they are actually thinking about doing that. I don't even get why they made the 32 ETH thing in the first place. Lots of other PoS coins don't have a minimum size to stake at all, or if they do it's a lot less than that amount of money. Ethereum seems to be the most complicated and centralized version of PoS out there.

If they changed it to 2048 ETH lol literally you'd probably only have a few dozen stakers. Centralized ones like liquid staking pools and exchanges, plus the ETH founders and initial investors, and anyone who was lucky enough to buy a bunch of ETH before 2017 and hold onto it. Basically the ETH network would be validated by a few very wealthy people plus centralized services.

It's funny when people who don't know what they are talking about try to say that Bitcoin should move to PoS like Ethereum lol. I actually saw some rant online a week or two ago where someone was arguing that Bitcoin is bad because even though Bitcoiners say they will eventually move to PoS they won't really do it. All I could think was who in the heck was this guy talking to who said Bitcoin would move to PoS lol, no Bitcoiners talk about switching away from PoW, he must have been talking to some people who were pranking him haha. Only the people who don't know the value of Bitcoin would say such a thing.

My opinion is that neither China nor the United States needs a new global conflict. But this does not mean that the U.S. has "bent over" to China. I have confidence that although Taiwan has become somewhat of a hostage to the current, complicated, international situation, but... The terms of Taiwan's "return" will be exclusively according to China's rules. My opinion is that there will be an agreement on sufficiently broad autonomy for Taiwan.
I have written more than once that in my opinion it will be a "showcase peace treaty" with the Chinese CCP presenting it as "China's great victory over Western hegemony", but there will be "nuances" that will not be publicly talked about. This includes China's concessions not to support Russia as an international terrorist. The world is already tired of cataclysms - KOVID, the light version of the third world war, etc. Again, let me remind you that China needs Taiwan as a working leading manufacturer of microelectronics, and any forceful solution to this "issue" will lead to the total destruction of Taiwan's unique economic sector.

--Snip--

But in terms of the actual topic, which is monetary sovereignty and control over your own funds, both on-chain and off-chain have options that allow you to be your own bank.  LN has options if you want to sacrifice sovereignty for convenience, just like on-chain does.  I'd always encourage people to explore the options where they retain full control of their funds, but with the disclaimer that personal responsibility is vitally important.  Make sure you know what you're doing before you commence with self-custody.  That's for both on-chain or off-chain, but particularly off-chain as there's a steeper learning curve and more to actively manage.

"BlackRock" CEO Larry Fink made an anti-Bitcoin comment on Bitcoin in October 2017 and called Bitcoin a significant tool for money laundering. At the time, Larry Fink was a staunch opponent of Bitcoin.

Yeah, it's all business for them, if you can't beat them, then join them attitude.

Speaking of Michael Saylor, this is now the (in)famous tweet,



https://twitter.com/saylor/status/413478389329428480

At least though, he attacks and then admit that Bitcoin is really different and now becoming the biggest personality in the bitcoin market.

Only if you're not in your right mind would you trade diamonds for copper lol.

but i see how now you want to make an altnet pretend to be more bitcoiny than bitcoin..

as for the second IOU status

doomads post history for years is his preference that people use middlemen(channel+routing partner) for payments. heck he even celebrates services that middleman the $->altnet token IOU's but he hates people using the same service to $->legacy bitcoin.

Like it or not, China has begun to change its rhetoric and OFFICIAL POSITION in a big way.
Brussels, Belgium. China's representative to the European Union said that Beijing has nothing against Ukraine's desire to restore its territorial integrity to its 1991 borders, including Crimea, the peninsula annexed by Russia in 2014.
In a recent interview with Al Jazeera and two other media outlets, when asked about Fu Kong's support for Kiev's goals, including the return of other Ukrainian regions now occupied by Russia, the senior Chinese diplomat said: "I don't see why not.

Judging by China's sharply changed rhetoric, Putin is already a downed pilot for Beijing ....

It's not that I'm too arrogant, yes, regarding the matter of certainty, for me altcoins cannot be placed on long-term expectations and returns cannot be expected like Bitcoin.

Altcoin holders can argue that my opinion about the altcoin is wrong because more than twelve months I have seen several of them that are considered to have the potential to actually cause big problems, such as FTX and LUNA.

It is not impossible that other altcoins that have looked good so far and have the potential to suffer the same fate as the two types of coins we have said.

In contrast to Bitcoin which is still and will continue to be used as a hope.

Why not? The profits it gets benefits the company and everything to its future investment plans. Also, it's a company owned by multiple people who have shares and doesn't have 1 person to do the decision making. I know how bullish to bitcoin Saylor is, but a company/incorporated such as microstrategy doesn't work like that.

If they sell on bull run i don't mind i guess there wont be any significant change but if they sell in bear market that would be the worst case scenario cause it will have huge effect on the market probably we will experience a very long bear season.

I agree, those who waits might lost the game in the long run. We've heard people here and from other social media outlets how they wanted to buy but they want to get it cheaper. Well in the first place, price has always been cheap for bitcoin specially in a bear market. That's why I will say that there are two sets of individuals here, those who are smart enough to recognized and buy discounted bitcoin anytime, and then there are those who always says they wanted to buy but not doing it because they wanted it to decline more. This kind of opportunity like seeing a lowest low might just come once or twice and if you don't buy that time and keeps on believing that the price will continue to go down, then you lost already. As the saying goes opportunity knocks only once.