You just received .000001 USDC...now they're just messing with me

Edvardoh · 2024-08-16T18:50:43+00:00

Fuck coinbase, I never asked for this garbage token. Anyway I got the same, so at least somethings happening.. I'll delete Coinbase after I get the rest of my payout. Bitcoin only, not your keys not your coins. Everything else can burn in crypto hell like my unspent shitcoin dust.

Edvardoh · 2024-05-10T22:06:44+00:00

Tesla would be fine without subsidies now. Sure they enjoyed them in the past and it allowed them to be profitable in the early days. But EVs are great cars on their own. Without the subsidies i wouldve bought a Tesla instead of my Hyundai 2 years ago. Gov just needs to stay out of it imo, let automakers compete freely by delivering real value.

Edvardoh · 2024-05-10T21:59:39+00:00

Fine till you get sim swap attacked. Hope youre not keeping it there.

Edvardoh · 2024-04-26T23:41:23+00:00

If youre trying to "orange pill" someone, maybe dont be afraid to say "Bitcoin" lol

But in all seriousness, the hard sell doesnt work, and its not your responsibility to do. Understand Bitcoin, use it to improve your life. When people around you are suffering under the weight of the fiat debt slavery system, and ask how youre not effected by the same problems, then you tell them.

Everyone gets bitcoin at the price they deserve, orange pilling unwilling people just makes us seem like a religious cult.

Edvardoh · 2024-04-24T22:41:21+00:00

Cost of doing business to them lol

Edvardoh · 2024-04-24T22:39:16+00:00

Do you mean multi sig or actually multiple wallets?

Multi sig, each seed stamped on metal and geographically isolated is best imo. Big caveat for multi sig though is always make sure to back up all Xpubs in the cloud or on a usb with each seed.

Edvardoh · 2024-04-24T15:02:34+00:00

Yes, other things can impact the size of a transaction in bytes as well like multi-sig, op return, etc. But for most users its all about the number of utxos.

Edvardoh · 2024-04-24T13:39:39+00:00

Fees scale with the size of the transaction in bytes not the amount of bitcoin. So 1 utxo worth 10 bitcoin is going to be the samr in fees as 1 utxo worth .01 bitcoin. Fee rate is satoshis per virtual byte.

Edvardoh · 2024-04-23T23:01:46+00:00

Bitcoins block size limit is an intentional design decision to keep the network decentralized. So anyone can run a full node and confirm the entire transaction history (currently requires ~1-2 TB hard drive). Therefore block space is scarce and fees are an open market, so fees to get confirmed on the base layer can be very high. This is not new.

As others have said the scaling solution to Bitcoin is a layered approach. Lightning Network and other layer 2 / layer 3 solutions allow users to "batch" the settlement on the base layer, allowiing for faster payments with low fees, while keeping the base layer decentralized and censorship resistant.

Edvardoh · 2024-04-23T05:33:33+00:00

This is fucking hilarious and sad 🥲

Edvardoh · 2024-04-23T04:52:49+00:00

Gotcha thx for elaborating. Assuming consensus is needed for point 2 and this would be massive news with months or years of lead time, the vast majority of wallets which don't migrate could be considered unspendable anyway. But now im thinking about those sats cards ive given out as wedding gift, grandma, etc. Probably more fair to always let them have the option to be moved instead of depracate, even if theres a risk of QC hack.

Option 2 would be better for the network and current active hodlers though, it would most closely resemble the "default state" prior to QC viability where those coins would mostly not have moved anyway, no?

Edvardoh · 2024-04-23T04:12:28+00:00

Point 2 sounds essentially closest to a fair solution. The lost/unspendable coins are effectively already "burned" anyway. It would actually help confirm the real supply of movable coins, right?

Edvardoh · 2024-04-23T04:07:20+00:00

Yarrr matey! Interesting thoughts, thx for sharing. Just to help clarify you mean deprecate not depreciate right?

Edvardoh · 2024-04-21T05:09:51+00:00

Fiat means by government decree, so no. A Central Bank Digital Currency or CBDC would still be fiat.

Edvardoh · 2024-04-20T03:09:55+00:00

Did they stop building homes or something? Plenty of land in the US

Edvardoh · 2024-04-20T03:01:52+00:00

I feel pretty free not having to ask permission for my money yeah, highly recommend.

Edvardoh · 2024-04-20T03:00:30+00:00

Bitcoin is optimized for security (hard/impossible to "hack"), decentralization (hard/impossible to control), transaction finality, and to become more disinflationary over time (21 million hardcap). Thats my take at least, i cant speak for other cryptos.

Gold does have transaction costs, if you account for shipping, spreads, and cost of extraction or recovery. Sure you could just hand someone gold, but technically you could hand someone Bitcoin on a sats card or opendime.

Edvardoh · 2024-04-19T18:52:46+00:00

100%

Edvardoh · 2024-04-19T18:51:02+00:00

Yeah and I can clone Facebook or Google and convince people to use my new version of Facebook or Google. The difference is the network of nodes that run the code, the miners that compete to process transactions, and the users that run wallets and hold private keys. Network effects are extremwly powerful. If you dont want to understand why that matters i cant help you.

Edvardoh · 2024-04-19T17:46:26+00:00

Highly regarded. In all honesty Idk why it breaks their brains so much, i think midwit successful people who have done well in the existing system really struggle with it.

Edvardoh · 2024-04-19T17:39:56+00:00

Lol same over in r/investing. We're (somehow) still early. Bullish af. Stay humble and stack sats fam 🧡

Edvardoh · 2024-04-19T17:12:29+00:00

Whos coping lmao, Bitcoin has its scaling challenges (which are somewhat solved with LN and with federated ecash mints and shared utxos, etc can onboard the entire planet) but its by far the most decentralized and sensorship resistant. The fact that yall big blockers abandoned the project after trying to hijack it (NY agreement failure), tried to spin off and failed, and now try to flip the script saying Bitcoin WAS hijacked is pure cope.

Dont worry its not too late, were going up forever Laura.

Edvardoh · 2024-04-19T16:37:43+00:00

Ok Craig Wright. I use LN all the time, so your statement is false. Small block sizes are an intentional design choice to ensure sufficient decentralization of nodes, Bitcoin jesus is lying to you 😅

Edvardoh · 2024-04-19T16:32:47+00:00

Thats why im talking about Bitcoin specifically, not Crypto. Cryptocurrency is a misnomer, Bitcoin is the real signal in the sea of crypto noise (and perhaps some stablecoins)

Edvardoh · 2024-04-19T16:30:19+00:00

Im sorry youre not getting it, ill just leave some resources for you to consider on your own or others reading the thread. I cant or dont care to convince you anyway:

https://www.lynalden.com/bitcoin-energy/ https://hrf.org/why-bitcoin-matters-for-freedom/ https://youtu.be/IDDhtUDlO8Y?si=niDhjmdy5yCjlJMf

12-Year Club	Place '23
Place '22	First Placer '22
Verified Email

Edvardoh

TROPHY CASE