pull down to refresh
102 sats \ 1 reply \ @CruncherDefi 21 Jul \ parent \ on: Tether Fun Unbelievable Details - Part I bitcoin
They want to limit arbitrage opportunities for others, so they can collect all the arbitrage revenue. And there is some serious money in there - ask wallstreet.
Arbitrage is extremely-margin-thin and zero-sum game. If they themselves don't pay the fee, it effectively makes it impossible to get into the game for others, cause they will sweep the opportunity before it's ever profitable for other players.
Also an example, in which the author is a sufficient condition to disregard (or at least scrutinize more) the paper.
He is literally proved to be a fraud in the court.
Of course you are not required to listen to the podcast and as a adults people it should be explainable to each other.
However
I finally told him the truth which is that I prefer AI slop over listening to his podcast.
seems like an unnecessary cruelty.
Can a human institution override Natural Law?
You made it say as if "Natural Law" wasn't invented by man. It is. Maybe it's more ancient/low_level/basic but still it's invented by man. Similarly institutions/goverments and constitutions are invented by man.
And as both are man-made I don't see any contradiction by one overruling another. It's just a convention we made up.
What if the person is innocent?
That is the problem with death penalty. It's an ultimate tool to silence inconvenient people forever.
Without death penalty if you set up someone and send them to jail (think dictator states) you risk getting exposed somewhere in the future. It introduces some back-pressure to the oppressive state.
And that is the reason why I am against death penalty. It's just a too powerful tool for dictator wannabes.
yea you're a real expert
I wouldn't go that far, but nevertheless I added my remarks to the PR discussion for this BIP. I encourage you to do the same on the github PR page! Surely you have some useful insight to share with the community xDDD
Such a quantum threat would also be a quantum miner, making key-cracking superfluous.
Wtf are you talking about. Quantum threat is only about breaking key-signing of UTXOs.
When it comes to mining, quantum algos improves SHA generation only slightly, nothing game changing.
Anyways its clear from this post that you are clueless, so its an end-of-topic from my side.
Quantum is a hoax
xDDDDDDDD Thank good you are not the decision maker. Feel free to have this incorrect opinion, but don't get in the way of us other people fixing the issue instead of pretending it's not a problem.
Last time I checked bitcoin value goes up forever. So small amounts of sats also go up forever in value.
So why would it be controversial to allow <1000 sat/vb transactions? Perhaps we hit a bitcoin price so high, that it's justified?
Some stupid people assume that freedom means "free to do/say anything" but they don't consider that those actions/utters consequences are also their responsibility.
Everyone is free to say something. But it this utterance leaks national secret, breaks some NDA they signed or causes someone to be beaten hard, they are to be held responsible for consequences of the utterance.
Free to do action, not free from the consequences.
In cases where we have prisoner dilemma dynamics from mathematical branch of game theory.
Unconstrained, players will go for greedy 'defect' action. Which makes other players also retaliate with 'defect' action and everyone ends up worse off.
If you can limit possibilities of playing 'defect' action, it's easier to stay in pareto-optimal solution of everyone playing 'cooperate' action in which everyone is better of.
another major reason is that fewer people keep piles of cash in their house, and most of the portable, high value items are becoming harder to sell.
This is the real reason. Home security systems are not even close to being the real reason.
would the kidnapper be able to easilly tell it was a timelocked UTXO tho?
Yes.
Also kidnapper probably would only consider bitcoins transfered to their wallet as valid giving up your money. Good luck trying explaining to the kidnapper "Those are private keys to the UTXO, its timelocked but after the lock expires, its gonna work for you, pinky promise" instead.
Yeah, my kidnapper totally would be satisfied and let me off after I gave them timelocked UTXO.
If anything it only gives them incentive to get rid off me for good to make sure I don't sweep the timelocked UTXO after it unlocks (from their perspective its just a timelocked UTXO)
Community-powered hosting: Visitors can extend your site's lifetime by contributing Bitcoin. If your content is valuable, your site can stay online indefinitely!
Good stuff. We could have digital equivalents of pyramids in cyberspace.
I just wish that infrastructure would also be decentralized. That way we truly could have our first digital monuments that can exist for hundreds of years.
1 out of every 500 bitcoin transactions in the world happened at Steak ‘n Shake
Yeah, how possibly could they know that? They cannot. LN transaction are not broadcasted to the world. It's a bullshit statement.
A.I. has always been around, since the early days (1776)
Whoa! It's so cool that they had GPUs figured out back then! Thanks for the insights!
However, the capability to detect invisible multispectral infrared light with the naked eye is highly desirable.
Why? Who claims that its 'highly desirable'? What problem does it solve?
However, this does not change the fact that the intrinsic value of all Bitcoins in the world is zero.
And it's a good thing. It makes bitcoin purest money there is. Its value is 100% monetary premium without any value stemming from utilitarian properties. Less noise, more signal.
I'd argue that simply holding bitcoin is being short fiat with neutral 1x leverage. Fiat credit allows for higher >1 leverage shorting.
fiat usecase which is as a short
I think you are missing important piece. Fiat is short instrument for privileged elites*.
Bitcoin gives option to easily short fiat to everyone. If asymmetry is eliminated why bother still keeping fiat? If asymmetry is eliminated everyone (including privileged elites) is better off with a simpler system.
==
*Privileged elite on the planetary scale. >90% of humans cannot buy real estate or stocks.