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0 sats \ 0 replies \ @mynym OP 14 Apr 2023 \ parent \ on: Sat4service vending bitcoin
alas, a shitty internet misunderstanding. despite it, good day and pv to you anon.
Ah, it seems I was too vague, and I apologize. I mean things like file conversion, totally see where the message got mixed up. But also like, be kinder? There isn't any paywall in front of that, is there?
yeesh, a bit patronizing don't you think? i wasnt looking for a blogging thread, more so data processing services like conversion tools, as i mentioned in the post, but sure the thread you linked is somewhat related so thanks, i guess.
ok a follow up: I've acquired about half my sats using a decentralized exchange, and have been storing those in the same wallet with my older KYC sats. have my KYC sats effectively tainted my non KYC sats, making them linkable to my identity? or would the "men in black" as it were still only be able to trace the KYC sats to my identity.
switching off halvings doesn't seem to be an unreasonable method if it turns out that tail emission is an absolute must. after all this discussion, my prediction remains that it won't be. but whether it is or isn't, i look forward to an sharing an inevitable orange future with my you friend
I guess maybe the arguments that other people are making on this post as to why network security is not at risk are convincing me a little more than your arguments about tail emission. :P
I'm not sure that this is convincing to me. Of course Satoshi wasn't infallible, otherwise he/she/they would have designed the perfect product and no BIPs would ever be needed. But Satoshi clearly got enough right we are seeing the emergence of a completely unique asset with brilliant properties that are transforming how people on a mass scale are looking at the concept of money.
And like I said, many people believe that Bitcoin's hard supply cap is instrumental to its utility as a sounds money. Can you strongman why this is for me? Why are so many brilliant economists and technologists pointing to this as one of the greatest strengths of Bitcoin, and not instead advertising the idea of tail emission? As soon as tail emission is introduced, no longer can Bitcoin be said to be the only absolutely scarce asset. Why would node runners ever agree to a change that would potentially devalue their holdings? And even if it did get through, how do we decide what is the right amount of tail emission? Who gets to decide what the tail emission is? Why wouldn't people will argue again, "uh oh, Bitcoin reward is getting too scarce again, bump up the tail emission" ad infinitum until BTC is another fiat currency?
The hard cap is what makes people who hold it have incredibly long time preference. People will only hoard as much of the strong money money as they can afford to, if the hoarding gets in the way of meeting their basic needs, they will trade it. So to me the scarceness is a mechanism that makes people think long and hard on what to trade their hard earned energy for, rather than piss it away like the fiat system encourages us to do. I'm just not seeing the argument for tail emission.
yes, i run my node on umbrel :) i've been meaning to read Jonathan Bier's "The Blocksize War", because although I've heard people say miners merely serve nodes, i haven't quite grokked it for myself why that is. this does help clarify though so thank you
lmao yes yes i've seen you propose this on other posts. i'm certainly not saying i completely disagree, as i'm simply not knowledgeable enough to take a side on the issue. but this is a very uncommon take in the space, pretty much everyone with a large platform evangelizes the hard supply cap. why do you think this is? and if i'm missing someone who doesn't, please point me to them
but this is the very thing im worried about. if it gets this easy, the network can easily be 51% attacked. don't we want the difficulty stay as hard as possible and for mining to be as competitive as possible because that's where the network security comes from?
serial procrastinators will rule the world!
here's the PR: https://github.com/lightningdevkit/rust-lightning/pull/1919
its just a really simple change that limits the number of route hints added to an invoice. i'm new to Bitcoin/Lightning development and oss contribution in general so starting off very small