I got a chance to listen to this recently, really good stuff. I'm not sure I agree with Eric Voskuil's feeling that governments will 51% attack #Bitcoin as I don't think they can source the hardware.
None the less, it is good for all of us to think of possible attack vectors and prepare accordingly.
Hey, @martybent, I strongly suggest you listen to our discussion with @DavidBCollum, @Erikcason, & @evoskuil ....and follow up on some of the critical points we could be facing in the (near) future.
@MichaelPSenger: CCP-engineered lockdown
Enjoy this fantastic deep down the rabbit hole episode with Dave Collum, Erik Cason, & Eric Voskuil.
@DavidBCollum, @Erikcason, @evoskuil
-#Bitcoin vs. Nation-States & Cent…
As time goes on and more corporations and wealthy individuals buy #Bitcoin it becomes less likely that government will attempt to outright ban or place overly burdensome tax requirements on Bitcoin. Corporations and the donor class run this country. Politicians need to get reelected so they can't mess with their corporate and private overlords.
That being said, we need to remain cautious. Buy KYC-free and hold your own keys.
If your looking for actual bitcoiners who aren't just cross posting from bird site give these folks a follow.
These are some of my favorite follows. (no particular order)
Have I missed any please let me know.
Learn To Setup @SpecterWallet Multi Signature
✅ What is Multi Signature ?
✅ Add Multi-Sig Devices
🔷We use 2 @COLDCARDwallet + #bitcoin core hot wallet
✅ Export Multi-Sig XPUBS on Coldcard
✅ Creating Multi-Sig Wallets
✅ Using Multi-Sig Wallets
Is this still the case? Seems things might be slowing a bit on mastodon.
I still think the signal to noise is much better over here all though I have to admit I do enjoy the occasional dunk on no-coiners on birdsite during these big pumps.
Just did my first ever replace-by-fee transaction in Electrum. Just feeling like if my 20 sat/b transaction hadn't confirmed yet this weekend it wasn't going to happen.
I ended up bumping to 41 sat/b and the transaction cleared, USD price of about $7.
Kind of my last major concern about Bitcoin's long term success was would fees get high enough to incentivize the miners when the subsidy goes away. It seems we might be seeing the fee market develop now. Will the mempool ever empty again?
Good luck with banning Bitcoin. See how that's going in Nigeria and India. It's just like prohibition and the drug war in the US. When you have a product that people want/need regulation won't stop it.
Did you use a company to get the LLC setup? If you had a decent experience would you mind sharing the company name?
Do you know if I could invest my and my wife's IRA funds in the same LLC or would I have to set up multiple?
Sorry for all the legal questions!
Correct, it is not to late for them!
They would rather make excuses instead of improving their situation.
I'm not going to claim that Tether is fully backed, no one except Tether knows the truth. However the insinuation of Tether truthers that 32 billion of Tether is holding up #Bitcoin and its 1T value when we know corporations are buying billions worth is laughable.
Lots of cope
I've been running LInux for a long time and it seems these days you don't have too much worry about hardware support. The Kernel has amazing driver support.
I'm thinking about going AMD for CPU also so I will have to be a bit more careful with the motherboard since I will lose out on the Intel NIC which has sure fire kernel support.
It is time. My computer is older than #Bitcoin because I've been stacking but I need to build a new one.
I haven't paid much attention to the Linux hardware landscape lately but as I understand it the open source AMD GPU drivers are the way to go for a Linux only system that I'll use for light gaming and Bitcoin stuff. For a mid range (see $500 these days) GPU I was thinking I'd target the AMD RX 6700 when they come out.
Anyone have any thoughts in general on a new Linux only build?
Anyone have any experience with these IRA products where you hodl your own #Bitcoin keys? Lately I've been feeling less comfortable with the counterparty risk of the $GBTC I hodl in my IRA.
Just a bitcoin lizard trying to gobble up some sats.
This server was setup as a means to decentralize the Bitcoin social networking community in a small way. I came from bitcoinhackers.org. The administrator there felt that the users should create their own Mastodon instances to keep the community decentralized so I created this instance.