This is a thread for random discussions that gets posted everyday at 5am central.
Tell us what you're doing today, ask questions, or vent about your life. Whatever you want, let it rip!
It seems that the number 1 country in terms of BTC nodes is USA, the number 1 City is Moscow, and the number 1 ISP is Deutche Telekom. You couldnt make this up :)
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Sounds plausible, what's the problem?
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I learned more about using heroku today!
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Bought some tees and stickers from Lightning.store, and lightning payment via Breez took, like, 10 attempts before the transaction went through. Is that normal?
This was my first time ever buying anything with bitcoin, btw.
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My default tip is 100 sats and it feeeeeeeeels nice. Like sugar and spice.
There are some occasions where I want to just do 1-10 sats though, like to acknowledge a reply.
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Litecoin's implementation is MimbleWimble and subsequent banning from Exchanges has confirmed my belief that Bitcoin privacy must be handled on L2
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Exchange delistings are something to be embraced, IMO, especially if there are real technical gains made that anger the establishment.
Monero has faced this "problem" for years with both delistings and large exchanges (i.e. Coinbase) refusing to list it because it actually works. I would be very worried if the current broken system is more than happy to support Bitcoin and don't seem scared or worried.
As far as privacy on L1/L2 -- while it's a nice sounding idea to just build privacy into L2, if L1 is not private (a la Bitcoin) L2's privacy suffers as a result, just like we've seen with many of the core privacy flaws in Lightning being the result of on-chain privacy issues bubbling up to Lightning.
I still do think Lightning is probably the most promising tool in Bitcoin for potential approachable privacy, but on-chain is still superior in most cases (if done right).
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It's harder for exchanges to ban Bitcoin than to ban Litecoin... because of the userbase
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Governments have a history of regulating things into non-existence. Adding privacy on L1 only would help strengthen part of their argument - which will be supported by nocoiners.
If a DEX becomes available for Bitcoin, then I would be 100% support of L1 privacy
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I think we need just a bit more adoption and then we should push really hard for privacy on L1...
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Bitcoin already has L1 privacy by way of CoinJoins and CoinSwaps. And getting banned from exchanges shouldn't really matter, since we have p2p exchanges such as Bisq.
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Shots fired
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Thinking about a yearly subscription to Amboss prime service! Support bitcoin startups
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is it kinda clear now that the price is not rising because normal pleb buyers have no more money left to buy the dip?
if the above statement was true, then what will the institutional/whale buyers do now?
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The price is not set by plebs, but by the super-wealthy.
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That's why price isn't rising:
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I think you’re spot on. Food and gas is more important than sats right now.
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apart from the inflation thing, i mean, people have repeatedly bought 6-7 dips now from 68 to 65 to 55 to 50 and so on...and now have no more money left, so I think, the whales/govts. have stopped dumping their coins as they no longer need to lose their bitcoins in order to prevent the market from jumping. So if all the small guys have no more money left to pump bitcoin. what is going on in the minds of the whales/govts.? Are they going to orchestrate a big dump which will cause almost half the holders to let go of their coins? Or are the whales going to buy now and pump it?
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Considering how chaotic the world is under a macroeconomic lens I’m shocked Bitcoin hasn’t fallen to 10k yet.
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Me too. For me it's pretty high signal its status as wealth store has 10x'd.
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