142 sats \ 1 reply \ @Radentor 26 Jun \ on: The Concerns of Someone Newer to Bitcoin bitcoin
Is lightning the best layer two solution
At least currently yes
if not - what else can reasonably take its spot this decade?
Ark
How do we further diversify mining pool activities? 70% of the hash rate is with three pools.
  • If you're on the cold side of the planet, HeatBit > Regular heater
  • If you're on the hot side of the planet, mine Bitcoin with solar energy
  • If you're on the humid side of the planet, hydromining is also an option
  • Some Guatemala Miners also reportedly mine Bitcoin using cooking oil waste
Those options can further increases hashrate by making access to mining easier. I haven't even mention country-based mining such as what El-Salvador would established, Stratum V2 can also helps decentralizing mining and lastly solo plug-&-play ASICs such as Nerdminer exist
What efforts to further decentralize the node options for lightning wallets?
We have :
  • Many different big nodes to connect : ACINQ, Voltage, Blixt, Olympus, WoS, Bitfinex, Kraken, River etc
  • Connecting to own node is also an option
  • Connecting to your peers that you regularly transacts with is also an option
If your "Lightning Wallets" can't be configured to connect to different node than you choose the wrong wallet to begin with
In a hyperbitcoinized world, there are/ will be risks of extreme wealth disparities. With an ever- deflationary model, incentives will evolve for the better. How will you get your hands on Bitcoin if you can’t buy it anymore?
Do you think the already-existing "Bitcoiner" do not eat, do not need house, do not need cars etc etc At that time, as long as you can provide value, you'll get compensation for that
Will everyone make it on the life raft, for those who don’t (and many will), won’t the government become extremely authoritarian and draconian to Bitcoiners?
This is why you shouldn't wear Bitcoin t-shirt/cap/jacket etc to begin with if you know you're in non-Bitcoin friendly country. The point is too lay low and not bragging your bag. Freedom is earned, not demanded
Will we see a peaceful world on a Bitcoin standard or more of a world ruled by Oligarchs in Citadels?
Why do you even ask?
If Satoshi were to ever be revealed would this be a net positive or net negative?
Why do i/we/you even care ? The software has been running for 15 years and 80% of that without Satoshi's influence
If Satoshi were to dump on retail where would bitcoin be?
He gave the world fair distribution of Bitcoin since the beginning, everybody (with enough knowledge and humility) can mine Bitcoin since it's release of source code.
If one day his UTXOs were to be moved, that's not my/your/anyone's business to worry about. If you're talking about fiat prices, then i'd be glad to have another chance buying cheap Bitcoin.
Core developers earn a meager salary and meager living, any ways to incentivize whales to offer more development efforts on the core?
You can't force people to donate to someone in the first place on any topic to begin with. But, Grants exist from such organization such as HRF & Opensats
With as many smart people as there are studying the code, and analyzing the BIPs, how did Taproot get pushed through with the unintended consequences of Ordinals?
You can put "non-transaction suff" on Bitcoin since it's inception, Ordinals are just another way to do it. How to store data on the blockchain?
How is the older generation handling the learning of Bitcoin? What are the biggest gaps, and biggest successes?
There will always be ways, what are we talking about exactly ? You can always find analogies that helps such as : UTXOs ≈ paper bills & coins
Service and Internet issues? Without excellent internet, bitcoin can be a sluggish experience. In addition to Star Link, what is being done to enhance the internet in every square foot of El Salvador and country wishing to adopt Bitcoin?
How has Chivo functionality been improving in the past couple of years? -What hardware wallets are Salvadorans (and other nations with smaller capital pools) able to subsidize self-custody? Most hardware wallets are $60+
  • Chivo is not the backbone of Bitcoin lmao, Bitcoin still operates well with/without Chivo
  • Hardware wallets are for paranoid geeks
  • All singlesig wallets are equally hackable, private keys are just number between 1~2²⁵⁶ and there are many derivation path to brute-force right now
  • You can create multisig wallet without hardware wallet
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31 sats \ 0 replies \ @DarthCoin 26 Jun
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