evergreen212 / is on Nostr

"2d79d1e9309ed554498fafebfc46a5d95e146ef47f4e9af0a4cd52e93d0ad569046d6177eb50c13fa2659336de2fc19d644dd9eca7067133ee14c27cabb9231a"

Last Notes

2024-06-23 14:49:09

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You still havent answered the question either
"So do you think there are only 20,000-50,000 or so Bitcoin users in the world right now?
If no, then why isn't even a fraction of them running a node right now? Why is Bitcoin considered to still be decentralized right now even though hardly any of them run a node? Not anywhere close to all users wants or needs to run a node for a network to avoid capture and be decentralized."

2024-06-23 14:40:10

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Oh now trade offs are okay just not with an other crypto lmao
All your caveats sounds like this
https://image.nostr.build/925fc32ffc80832582e53360f8b7cb4a766e0bd3bbfbfb3f6689180624f9b20d.png

2024-06-23 14:37:21

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Insults are not arguments I thought Jeff Swann would know better than that
Yes, I know plenty about monetary debasement and austrian econ and I listen to Tom Woods regularly. You don't have some special esoteric knowledge. You can have decentralized, predictable, and PoW issuance that has none of those things in common with fiat.

2024-06-23 13:56:32

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Didn't you just mention Ecash as the solution in your last reply? Isnt ecash centralized and ruggable?
You guys are blinded by hate for other crypto without seeing trade offs (EXCEPT WHEN IT COMES TO BITCOIN LAYERS!!! THEN ITS OK!!!). If I slapped on the word "Bitcoin" onto anything piece of trash and started making the podcast rounds and spitting buzzwords yall would gobble it up whatever it was

2024-06-23 13:52:16

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You don't have to call me a retard just because I don't agree with you
No I wouldn't run a node to audit the Fed because I wouldn't be using the US Dollar if every transaction was hundreds of dollars in fees to use it (Bitcoins future with more adoption as we see EVERY TIME USAGE INCREASES). No one would.
So do you think there are only 20,000-50,000 or so Bitcoin users in the world right now?
If no, then why isn't even a fraction of them running a node right now? Why is Bitcoin considered to still be decentralized right now even though hardly any of them run a node? Not anywhere close to all users wants or needs to run a node for a network to avoid capture and be decentralized.
Ironically the coffee txn is what 99% of the world cares about. How cheaply and easily they can use their money. That's why most of the global south is using USDT on cheap networks.

2024-06-23 13:31:06

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Not necessarily true. All depends on rate of adoption and rate of consumer tech advancements/protocol improvements which is a risk for any crypto if the former surpasses the latter.
If Bitcoin ever has a steep enough rate of adoption it would fail too. We get glimpses of this every time transactions go crazy like a few months ago. Even Lightning barely works when that happens.
Last part definitely isn't true. Litecoin and Doge regularly surpasses Bitcoin in transactions and Ethereum is always way ahead.
https://bitinfocharts.com/comparison/transactions-btc-eth-doge-ltc.html#1y

2024-06-23 13:16:54

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Why tf is someone going to run a node for a network they can't afford to use?
Do you guys ever listen to yourself?
Not even most Bitcoiners run their own nodes and fees are relatively cheap right now (imagine if global adoption ever happens). There are only ~20,000 bitcoin nodes (or ~50,000 depending how you want to measure it). Unless you think there are only that many Bitcoin users in the world?
https://bitnodes.io/

2024-06-23 11:56:01

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Unless you've gone thru every single line of Bitcoin and understand it (no single dev does), then you are "trusting the protocol". Have you gone thru all billion+ transaction inputs/outputs? How about all new transactions every ten minutes? Ok, then you're trusting software that you don't fully understand. Completely different from merely running a node.
Bitcoin relies on cryptographic assumptions too. All cryptocurrencies do.

2024-06-23 11:47:35

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Gigablockers: will centralize because few are willing or can afford to run a massive node
Microblockers: will centralize because why would anyone run a node for a network they can't afford to use?
https://image.nostr.build/f3d4dc2a45d469b1ba3c7f7dad2ec4fb47303d7f53cae9e671f774c31d2ea379.jpg
Hal said a lot of things
https://image.nostr.build/7fba44b177478e68db7a4282cd4822212bdc437e6cc62992b34713b7d020af84.jpg

2024-06-23 11:36:20

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Dude let's not pretend you or any bitcoiner combed thru a billion+ bitcoin transactions and made sure all input/outputs were good. You don't do that to all new transactions every ten minutes either.
You just run a node and pay zero attention like any Monero user
"But bro three people on the planet actually do that" So now you're trusting others to do it for you and be honest if they find it and not exploit it? What was the point of running a node then?
Yall make no sense