If only the US gov and Saylor hold real Bitcoin, real Bitcoin will not be worth much. Even Saylor understands that. His problem is that he sees Bitcoin mainly as a store of value, when it is also a unit of account and a medium of exchange. For his use case, gold would be fine as well since he does not use key properties of Bitcoin at all. I.e fast global settlement.

I don’t think it would be a big problem if 20% of the mining power is in the US. The US makes up 5% of world population, so their “fair share” would already be 5%. I don’t endorse what the US is doing geopolitically but there is at least some sort of possibility to enforce your rights there compared to other countries.

When it comes to Saylor, a figure like him was inevitable. The path to hyperbitcoinization was always going to go beyond the original cypherpunks. That being said, I also don’t like him. He demonstrated repeatedly that he does not understand Bitcoin and his vision of what Bitcoin should be I do not endorse. Thankfully, Bitcoin is money for enemies. Let him cook. If he wants to lobby for Bitcoin on every balance sheet, I am for it. If he blows up spectacularly, we get his Bitcoin at a discount.

:)

Thanks! What’s your opinion on Umbrel as a hub for everything?

Does anyone know whether the federation has backdoors to read confidential transactions on liquid?

Phoenix is a wallet

It really is beyond annoying. Fuck this. KYC increases the risk of identity theft and abuse.

Capital efficiency

Thanks, would be interested to hear how it works out. Some decentralized non KYC solutions are really needed

And put the fiat in your bank account secured with a 6 letter password that is also the name of your dog.

Fuck the travel rule and fuck regulations. Needed to be said

Sure, there is always trade-offs and I think that is fine. A layer 2 or 3 does not need to have the same decentralization and security guarantees as the base chain. I even think custodial solutions are eventually fine for everyday purposes. I don't care if I have a few sats for groceries on a normal bank account in the future.

You are so funny, almost feel sorry for you man ;D You sound like and probably are a 30y+ virgin who has nothing in life except a few bitcoin in cold storage to be proud of.

Don’t know what’s your feed in tariff, but under most circumstances you can amortize a miner in 1-2 years with a solar panel

You are easily scared it seems

I think what @joda means that you have a single point of failure here. In order to transact, you need to sign with this wallet and however you do it, in this process malware can extract the private key from your wallet. Having hardware signing devices mitigates this attack vector to a huge extent. You of course open a new attack vector by trusting the manfacturer, therefore, you should use devices from at least two different ones in a multisig.

literally your title, with dying empire you imply imminent death but let's not get into linguistic intricacies. i think you understand me