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0 sats \ 1 reply \ @ok 24 Jul 2023 \ on: Bitcredit Protocol First: Introduction bitcoin
"This will stabilise the purchasing power of Bitcoin, thus eliminating Bitcoin's volatility."
Or will bitcoin volatility eliminate you?
Both source and destination wallets would be cold. But the automation requirement probably means converting the source wallet to hot, which isn't too much of a problem if the intent is to abandon it after all UTXOs are transferred.
Watched Knut Svanholm and Samson Mow discuss this recently: https://youtu.be/64uo7EnPmKU?t=1890
The absolute number of bitcoin in supply isn't important for its usability as money. The idea that value of each unit increases as supply is lost is equivalent to the maintaining of equilibrium. The only concern I am aware of is divisibility of units. If supply gets low enough, there would need to be an extension to the software to allow divisibility into units smaller than sats.
- At this point, Bitcoin development should exclusively be focused on supporting L2s, with generalized and theoretically sound extensions, only as needed and as ready. This in turn supports all customers.
- More L3s.
- Clients I've used seem functionally broken. Of the clients I haven't used, many aren't supported on any of my devices. (Assuming here that my personal problem is the biggest problem.)
I just discovered RSS works with youtube by using https://www.youtube.com/feeds/videos.xml?channel_id=CHANNEL_ID, where CHANNEL_ID can be found by searching "browse_id" when viewing the page source of the channel. Pretty useful for me since I refuse to log in with a google account.
186 sats \ 0 replies \ @ok 29 Oct 2022 freebie \ parent \ on: will quantum computers + A.I, destroy btc? bitcoin
Can you point me to further reading on the topic? I'm particularly interested in better understanding why quantum attacks only work once the public key is available. I'm fairly ignorant about the overall attack vector.
Maybe treat posting like bitcoin mining and adjust cost automatically to achieve a target average daily volume. Then we discuss whether we liked the post volume over to previous 2 weeks, which somehow gets used to set the next target.
But I suppose that's essentially what's already happening, just without a coded algorithm in place and with a more predictive model.
Admittedly without evidence, I suspect that there's a continual but gradual change in behavior from single address reuse toward never using the same address twice. The reason just being spread of awareness.
GENESIS