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$105B Electronics Giant Sony to Launch New Bitcoin Exchange

bitcoinmagazine.com

41–46 of 46 posts

Re: $105B Electronics Giant Sony to Launch New Bitcoin Exchange

#41
post #24

Earlier quoted context omitted.

The govt can definitely touch bitcoin if you ever want to cash it out, or have ever connected a wallet to your irl identity. It's the most traceable money in history. Monero ftw.

Can you point on the blockchain to the lightning network payment I’ve just sent?

No, but the government can if you give them an incentive.

Re: $105B Electronics Giant Sony to Launch New Bitcoin Exchange

#42
post #6

And Sony's decline continues. This move reeks of desperation. I used to buy a lot of Sony products. Lately. Zilch. I know they still make some movies and PS5. But, man, they used to be so much bigger than that.

Sony camera business seems very strong. They’re clearly the leader in mid-range video in their A7 line and are quite commonly discussed in Hollywood blockbuster making-of, I think the recent Top Gun was shot on all Sony hardware. They’re the sensor in iPhone.

Re: $105B Electronics Giant Sony to Launch New Bitcoin Exchange

#43

...why? I mean I guess the primary reason is to make money but still...why now?

Probably just trying ANYTHING to see what sticks.

It must have been some nft craze they tried to latch onto years ago and finally corporate fatassery moooooves slowly

But that can't really be it either because bitcoin is generally not NFT, that would be ethereum... maybe they somehow got a bunch of the mtgox pay out through many rootkit installations? "bad music consumer! we are taking your bitcoin as punishment!"

Re: $105B Electronics Giant Sony to Launch New Bitcoin Exchange

#44

Earlier quoted context omitted.

In what way do you think BTC has an advantage over any other cryptocurrency in this regard?

Most cryptocurrencies are controlled by a small number of insiders. Bitcoin's high level of decentralization makes this not the case. Although the increasing centralization of mining, mining pools, and mining hardware is becoming a concern.

So you are saying that literally garbage features like Runes and Ordinals were introduced in the codebase by some voting or other democratic decentralized process? Or was it done by some small cartel of people controlling this system?

Re: $105B Electronics Giant Sony to Launch New Bitcoin Exchange

#45
post #24

Earlier quoted context omitted.

Can you point on the blockchain to the lightning network payment I’ve just sent?

No, but the government can if you give them an incentive.

Let the Bitcoin privacy arms race begin.

Re: $105B Electronics Giant Sony to Launch New Bitcoin Exchange

#46
post #44

Earlier quoted context omitted.

Most cryptocurrencies are controlled by a small number of insiders. Bitcoin's high level of decentralization makes this not the case. Although the increasing centralization of mining, mining pools, and mining hardware is becoming a concern.

So you are saying that literally garbage features like Runes and Ordinals were introduced in the codebase by some voting or other democratic decentralized process? Or was it done by some small cartel of people controlling this system?

Those are unfortunate, IMO. But miners would support those because they increase transaction fee revenue. Hopefully they'll get priced-out of the fee marketplace eventually, either by the network getting more legitimate use (moving money instead of creating NFTs) or by people losing interest in NFTs.
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