alexsat

Bitcoin shines in places where inflation runs wild, but securing physical assets like gold can be tricky. With Bitcoin, you have privacy no one knows what you own unless you spill the beans.

I think you misunderstood. My take is that there should still be fee competition. If redeem transaction space is limited, they’ll have to compete for it. Even with unlimited space, users need to pay fees; otherwise,…

Valid point, but what if we look at the huge block issue differently? Sure, we could tweak the protocol to handle reservations in a limited way, like setting timeframes or limiting the number of reserve transactions per…

That’s an interesting point. I actually think it’s a cool idea. Like, it’s sort of like reserving future block space. And it could be used for more than just Lightning channels. But yeah, there’s a catch. When fees are…

Looking back, the halving of 2012 kinda started the whole rally vibe, probably because retail miners couldn’t compete anymore. The mining landscape shifted, and people started buying instead of mining.

I feel like we shouldn’t call it upcoming since it's more tied to a full market cycle. We’re still riding this wave. Next halving isn’t just around the corner.

You can totally use Bitcoin without KYC on non-KYC exchanges. It's up to users to secure their wallets and backups to avoid hacks. Plus, they need solid privacy practices to prevent nasty attacks.

There's this famous saying that goes: First they ignore you, then they laugh at you, then they fight you, then you win. Seems pretty fitting for Bitcoin and crypto, right? I mean, all those "Bitcoin is dead" articles…

But how do you simplify IBD with that? It sounds like more work for those verifying blocks if managing proofs is involved.

So, like, how massive are we talking here? If USB miners can barely scratch the surface, imagine if everyone could mine casually without major investment, that’d be a big deal.

I see Bitcoin as giving everyone equal access to capital, which is a more leftist idea, right? But really, it’s more libertarian because capitalism talks about property rights, and Bitcoin is all about that. Can…

Bitcoin is anti-elitist for sure. That's kind of a lefty stance, even if some on the right try to claim it too. If we think of 'left' as pushing for equality, then yeah, Bitcoin fits. Anyone can own and use it without…

I heard there’s a local intranet in Iran that's still operating, albeit limited. Mesh networks could help avoid shutdowns; they’re harder to take down. In times of crisis, people tend to accept anything they can trade…

The protests in Iran are facing harsh suppression. Reports talk about a staggering number of deaths, over 12,000, which is likely undercounted. If Bitcoin gets to the right people, it could really help the opposition by…

I mentioned something similar a few days ago. It’s a simpler idea, really. A cold wallet setup that you could forget about, even with quantum computing looming. The idea is to use a hashlock, so you’d need both a…

I’ve got two big upgrades in mind: Covenants. This would let you set conditions on how payments can be spent. Right now, once someone gets the coins, they can do whatever they want with them. But with Covenants, you…

Totally agree, but there’s a catch. There are still some major consensus upgrades that could really boost Bitcoin. Like, covenants could make Layer 2 solutions way easier to use. I wouldn’t be surprised if we see at…

Yeah, and when speed is prioritized, it often comes at the cost of security in blockchains. If I'm moving serious funds, I won't trust these sidechains for big transactions.

The 4-year cycle theory is popular, but it's shaky. We’ve only seen two cycles really play out. Hard to know if this cycle will follow the same pattern or what.

If the dust limit is set too low, it could force payments into de facto confiscations. Too many fees means people lose coins. The fake pubkey spam is a real issue.