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0 sats \ 7 replies \ @ek 3 Feb 2023 \ parent \ on: Ordinal Inscriptions are Good for Bitcoin bitcoin
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what precisely are you confused by?
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"and Crypto". But hey, almost all of us where there, took me 10 years to figure it out. Finally being able to write shitcoin code and seeing the toxic culture inside the development organisations and then the collapse of Terra/Celsius/etc shook me out of it.
I'm sure you'll get there eventually. Bitcoin's the only legit project out there, and it's problems needing solving are the most worthwhile, and among the most challenging.
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Yawn. You assume a lot. I have lost nothing on shitcoins. Sorry you fell for yield games and stablecoins.
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No, I was writing the code, not speculating. "yIeLdS" - nearest I got to that was putting my bitcoin up for margin lending on Bitfinex just before the hack on cryptokitties. I lost my bitcoin because I was margin trading and the exit panic the hack prompted. Previous success in 2008 with USD/EUR forex trading made me try to do it but in the end the volatility was wider than required for the strategy that worked on forex.
There isn't many other ways to interpret "and Crypto" than that you have some assets tied up in altcoins. I will admit I am not totally hostile to Monero but it is the simplest privacy coin protocol and has acquired a great deal of users on the dark web, similar to how the first bitcoin marketplace of any size was there. But IMO, LN is going to replace it there, when the privacy side of things is fully nutted out. And things like trustless escrow on LN.
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By crypto I mean the tech itself not any project or coins in specific. I have no assets in any of them, I do receive various coins and tokens through rewards programs and such which are immediately traded for sats. I also mine monero with my spare pcs and convert that to sats. I don't have the capital for btc mining.
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Well, sounds good, but "the tech" of "crypto" is a bit of a fraudulent marketing pitch used by all the shitcoins. But if you are anchoring your holdings in BTC then you obviously get it :D
I'm also still pretty skeptical about Nostr but this very subject in the OP is my main reason - that the tech needs a way to become profitable to support. Sure, most of the crap that will be posted on it will be worthless junk but the more relays the better the UX for users.
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I can see nostr and the relay ecosystem becoming something akin to the dialup bbs scene in the 80s and 90s.. at least until some large group of relays with high throughput become ubiquitous.
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