0xBTC

bitcoin

I can't make up my mind on Bitcoin Cash

I see. When it comes to BCH, is it more vulnerable to this kind of attack because of the increased block size? Does it require better hardware with the larger block size?

ah I see, you would need the ASIC miners to perform the attack, not just nodes. I am not sure why that went over my head. 

yeah but if the nodes are easy to run, what is stopping them from running a bunch of nodes and 50% attacking the blockchain?

when you say a near future, when? I have heard this before but when will that be the case? 

yeah but in theory, can't they just spin up a bunch of nodes anyway (given their unlimited money)

For some reason, I keep coming back to BCH. It seems like it is such a good idea, and I am not sure the main arguments as to why increasing the block size was such a big deal. I get that the increase in block size is less secure, but are there any other arguments that were a big deal in 2017? 

I briefly read that SegWit was a hot topic at the time, but I do not understand why. The articles I am reading are rather unclear and am finding it hard digging through all of the Reddit posts. 

Anyone deep into the argument back then?

Ask_SN

With the price rising, I tend to get more co-workers, family members, friends and others asking me about Bitcoin and I almost don't want to talk about it. They only care about the price going up and see it ask making more fiat. When I try to tell them I am never selling/holding for years, they look at me like I have 3 heads. It feels like I am speaking a different language than them. 

Has any of your family/friends started asking you about Bitcoin again?

Are we all ready for Wednesday?

Me either, I am just aware of the impact they will have. Nothing like good old BlackRock taking a % fee from boomers when they could easily store it themselves. The rich get richer. 

Wednesday is rumored to be the approval date of Bitcoin ETFs. Are you ready for a possibly drastic price movement? We could see $60K BTC or we could see $30K, but likely somewhere in the middle. What're your predictions for Wednesday? 

Why do people declare the LN a failure?

do you self host your LN wallet? If not, isn't centralization a risk? 

My big gripe with the LN is the security. From my understanding, it is less secure than on-chain 

Fun Fact Friday - Best Fun Fact Gets 10,000 Sats

Every year about 98% of the atoms in your body are replaced.

yeah but LN is so much less secure than on-chain self-custody. 

so then if there isn't one, are they right?

yeah but how do you feel about the on-chain to LN fees? do you think theyre too high? 

I have been looking around different subreddits and have seen different people talking about how fees are too high. I know that because I am on subreddits that oppose Bitcoin (r/btc), this would be the case. However, when I see people talk about the lightning network as a fix, they all call it a failure because of the fees you have to pay to send from on-chain to off chain. What're everyone's thoughts on this? 

What're everyone's thoughts on the BTC ETFs?

its 1% of your investment, so maybe not exactly the same, but it still harms your total btc.

Blackrock spot BTC ETF along with about 10 other companies that have filed for one.

Personally the 1% fee per year to me is insane. Over 30 years, a holder of the BTC ETF will lose 0.27 BTC (or 27% of their stack). We need to promote self-custody hard so those around us can be educated. Electrum, Cold Card and more.

2 questions about wallets

seeker

Phoenix is great for lightning to on-chain. Open source. Would reccomend