41–50 of 70 posts
Nocoiner Frances Coppola: "Bitcoin is not scarce because each coin is subdivided into satoshis". These comments are entertaining but seem to get more ridiculous with every year.
Nocoiner Frances Coppola: "Bitcoin is not scarce because each coin is subdivided into satoshis". These comments are entertaining but seem to get more ridiculous with every year.
Earlier quoted context omitted.
https://www.theblockcrypto.com/post/48857/former-head-of-cir... I worked with Dan. Circle Trade was the second biggest desk back then after Cumberland. You don’t do all billions at once, that was in total.
Yes, I recognized the language from that article/interview. It did not explain how Tether was redeemed by Circle. That interview did not cover in any detail how much Tether was redeemed or how Tether was wiring millions or billions of USD to Circle. I want to be very clear here that selling USDT is not the same as redeeming it directly with Tether themselves.
As someone who casually bought a bunch of BTC in late 2013 just for fun and never really did anything with it since then, I think the salt mine of btc hater blog posts that come out every time there is a new spike in value are the comedy gold.
Nocoiner Frances Coppola: "Bitcoin is not scarce because each coin is subdivided into satoshis". These comments are entertaining but seem to get more ridiculous with every year.
I mean you can't technically guarantee the scarcity of bitcoin. Even though it is the source code that there should be 21 million, you can just fork the repo and start again from scratch and call the first bitcoins mined epoch-1 and subsequent coins as bitcoin epoch-n. The public will come to understand any coins mined using the bitcoin protocol as bitcoins if this comes to pass.
Earlier quoted context omitted.
I mean you can't technically guarantee the scarcity of bitcoin. Even though it is the source code that there should be 21 million, you can just fork the repo and start again from scratch and call the first bitcoins mined epoch-1 and subsequent coins as bitcoin epoch-n. The public will come to understand any coins mined using the bitcoin protocol as bitcoins if this comes to pass.
Forks of Bitcoin have already happened multiple times. Bitcoin Cash and Bitcoin SV also claim to be the original Bitcoin, but the mainstream view is that the chain with the highest hashpower, highest trading volume and highest price is the real Bitcoin. Which chain is the real Bitcoin is entirely determined by the community and I don't see a plausible future where a sizeable chunk of the community agrees to increase…
Bitcoin is a novel innovation that is actually useful to some people - it is artificial digital scarcity and a decentralized payment network that is separate from government or any centralized entity. It is totally voluntary. Ethereum is also an absolutely fascinating technology. Some people become “experts” and refuse to see innovation when it is staring themselves in the face. The world can’t change to these people…
Yes, Bitcoin is excellent for money laundering.
Weaver's claim about Tether being a vehicle to inflate the price of Bitcoin is odd. The main Tether-BTC transacting I'm aware of is in high frequency trading. Any longterm position in Tether is effectively against BTC (electing to instead hold a tokenized USD). Furthermore, Tether has a market cap only 1/16 of BTC. You can say either are flawed individually, but their valuations are independent. China also has a geop…
They so know because of bitcoin's stupendous price rise. And as the reasoning behind it they are pointing to Tether issuers' imminent facing of regulatory and criminal scrutiny.
Earlier quoted context omitted.
Forks of Bitcoin have already happened multiple times. Bitcoin Cash and Bitcoin SV also claim to be the original Bitcoin, but the mainstream view is that the chain with the highest hashpower, highest trading volume and highest price is the real Bitcoin. Which chain is the real Bitcoin is entirely determined by the community and I don't see a plausible future where a sizeable chunk of the community agrees to increase…
I'm not too deep into this world, and you can correct me if I'm wrong but weren't those forks of the ledger due to technological disagreements and not folks starting over from scratch? Has anyone said, we are literally copying the exact same protocol and tech from bitcoin and just say this is another parallel version? As an end user why would you care if coins were in epoch-1 or epoch-2 if they perform the same exact…
Earlier quoted context omitted.
Forks of Bitcoin have already happened multiple times. Bitcoin Cash and Bitcoin SV also claim to be the original Bitcoin, but the mainstream view is that the chain with the highest hashpower, highest trading volume and highest price is the real Bitcoin. Which chain is the real Bitcoin is entirely determined by the community and I don't see a plausible future where a sizeable chunk of the community agrees to increase…
I'm not too deep into this world, and you can correct me if I'm wrong but weren't those forks of the ledger due to technological disagreements and not folks starting over from scratch? Has anyone said, we are literally copying the exact same protocol and tech from bitcoin and just say this is another parallel version? As an end user why would you care if coins were in epoch-1 or epoch-2 if they perform the same exact…
That's their PR message, not their goal. They were pretty clearly social attacks trying to coopt the name.