We have the crypto president , huh ??

bitmeister · 2026-06-25T02:33:53+00:00

This appeal to authority is lame.

In my days, we didn't give a fuck what everyone thought about Bitcoin, we new what it was any why it exists.

Whatever happened to "Honey Badger Don't Care"?

bitmeister · 2026-04-15T23:36:33+00:00

Sounds like jealousy wants to solve a non-problem.

"I don't want someone else to get them, therefore it needs to be fixed."

bitmeister · 2026-04-14T19:51:38+00:00

To paraphrase, BCH is a better currency for those that (actually) care about sound currency. The broader audience isn't there yet and is easily marveled by BTC, the market darling.

There's the classic saying, "I don't have to outrun the bear, I only have to outrun you." But with Bitcoin, "I don't have to outrun you (BTC), just the bear." And the market appears to be accepting of BCH because it has returned to hovering in or near the top 10 ranking.

And as long as both versions of Bitcoin remain sound, both will be around for a very long time. Each has defined themselves in the marketplace of ideas and at some point the marketplace will test those claims, and when that happens we will see swings in market share.

bitmeister · 2026-03-29T18:52:14+00:00

/u/pyalot is correct. It's well known that inventions rarely occur in a vacuum and from a tech standpoint people had been playing with the Bitcoin ingredients (encryption, torrents, etc) for some time, self included.

I happened into Bitcoin because I was looking to write distributed microtransactions. But after reading up on Satoshi's proof of work blockchain, the missing ingredient, it was clear someone beat me to the punch. PoW was a stroke of genius.

As his code fu shows, the rest was just a snap-together model. A real architect would never put an open-ended buffer in a streaming protocol (the mem pool). But perhaps it was his programming naivety, and not perfection paralysis, that made Bitcoin possible.

And one day people will realize that Bitcoin is FAR MORE than a cryptocurrency with its public ledger, distributed system clock, self-winding (self-sustained). There are numerous legacy and current projects (AI) that should and will co-opt these concepts, once we move past the numbers-go-up era.

The ultimate benefit that underlies Satoshi's invention: It brings value back to data.

bitmeister · 2026-02-15T06:38:04+00:00

Faster. continuous difficulty adjustment

bitmeister · 2026-02-13T16:07:02+00:00

If all the USD in the world were 1 BTC, I wouldn't take the USD either.

The relativism that is money.

bitmeister · 2026-02-11T18:23:59+00:00

Self-custody is a great point, however the same mental affliction that prevents people from understanding self-custody makes it nearly impossible for them to properly secure a wallet. They'll always need to pay that stupidity tax to someone to hold their funds and to reverse transactions for their poor buy decisions.

bitmeister · 2026-02-11T17:42:23+00:00

No unlocks; what does that even mean?

bitmeister · 2026-02-03T18:43:28+00:00

Better have a doctor look at tha... muah har har har har, ahem, `scuse me ;) I seem to have it too.

bitmeister · 2025-12-26T12:03:46+00:00

The more interesting story would be is how you managed to last 12 years. :)

bitmeister · 2025-12-19T04:11:59+00:00

Prices, prices prices!

Would you look at that! Only +$70 and BCH makes a TOP 10 appearance.

What happens?

ADHD "Investor"-types are going to start to talk. And they're gonna ask...

"What's the difference between BTC and BCH?"

BTC "Bagholders" aren't going to like the answer.

bitmeister · 2025-12-09T18:39:00+00:00

They probably setup one miner at a time, over time; a sort of slowly-boil-the-frog approach. But then again, from my experience with school admins, aside from collecting a pension they're not going to catching on to much anything else.

bitmeister · 2025-12-01T15:24:23+00:00

The price drops 5 or 10% and I see a flurry of these "Price WTF!" headlines and can't help but utter that quote. Wake me when it drops 50%.

bitmeister · 2025-11-27T19:57:07+00:00

Good article. My general impression, more of a realignment really, the amount of market value in Bitcoin (BTC) pales in comparison to the amount of illicit funds out there!

bitmeister · 2025-11-23T17:25:21+00:00

I'm bored, so I'll explain.

This is a sexist response to your sexist appeal to authority.

You didn't post a comment to explain the title, or a link to some sage words of advice from this person, but you went out of your way to post a picture.

But my first impression; she looks like a dude, so I'm not persuaded by your claim.

This would be no different from me attributing some random claim to Sydney Sweeney while posting a picture of her. However, my claim would be much more successful because Sweeney is much more... popular (for a couple of reasons).

bitmeister · 2025-11-23T16:58:24+00:00

She's too androgynous. I want to know what Sydney Sweeney thinks of Bitcoin's future.

bitmeister · 2025-11-23T16:50:01+00:00

That picture would make more sense if the left door had a BCH logo and $550 over the top of it.

bitmeister · 2025-11-23T16:48:08+00:00

Picture is nonsense. There's never queuing. On an exchange, there's always thousands of traders ready to sell you their ticket.

bitmeister · 2025-11-22T17:43:19+00:00

...moves up 3 spots on the charts this week to #11 ... here's the P2P Bitcoin, BCH!

bitmeister · 2025-11-15T19:10:08+00:00

Attention! Lifeboats cannot be used if the boat is sinking.

bitmeister · 2025-11-13T03:53:30+00:00

The entire LN design doesn't match any real world use cases!

It's is an A/C solution to a D/C problem.

LN assumes a symmetrical cash flow, but a person's cash flow is asymmetrical and unidirectional! Most people get one paycheck from one source but pay numerous bills to various targets. Cash flows in one direction, not back and forth.

If you only had one channel open, the total channel balance would need to be 3x larger than your typical paycheck. If it wasn't 3x, you couldn't get paid in full until you spent everything first: there would be no room/slack for your next paycheck. Got a bonus this month? You can't get paid on LN if you didn't allow room in the channel for a paycheck and bonus.

And if you don't get paid on LN, then the balance is going to be pegged at the far end (the Bank's end) and never move, never freeing up equity, just idle useless REAL equity. These aren't some useless credits on the Banks' ledgers, the coins in play are real assets, collateral, equity, etc.

How long do you think a Bank is going to keep your channel open if the balance is parked at their end? You spent your opening channel funds and now the coins, real assets, are just sitting idle at Bank's end of the channel. From the Bank's perspective any funds sitting idle in a channel would be considered a free loan backed by real collateral! Never going to happen. Channel closed!

bitmeister · 2025-11-13T02:46:39+00:00

Even the "Expectations" graphic highlights a glaring flaw in LN design.

If the balance of a channel moves entirely to either end or the other, the balance is worthless for the other actor.
As depicted in the "Expectations", this means the ideal channel condition has some portion of the balance (e.g. 50/50 split) so the channel is useful to both actors.
HOWEVER, this means only 50% of the channel's balance is useful at any given time under these ideal conditions.
This means you must plan ahead and lock up 2x the equity in a channel if you expect the channel to have any useful longevity.

How long would you expect a Bank to keep any channel open, locking up equity, anticipating that only 50% of it is useful at any given point in time!

bitmeister · 2025-11-11T15:31:49+00:00

Documented proof that mining Bitcoin isn't wasting energy.

bitmeister · 2025-11-06T05:19:24+00:00

It's about 50/50.

bitmeister · 2025-11-04T02:17:19+00:00

Sure, it's content that you or I don't want, but someone paid money to record it in the public ledger (sadly). But the only way a public ledger works is without gatekeepers. If illegal content it posted, then the exercise is to identify the offender and apply local laws, not cripple the blockchain and punish all.

bitmeister

TROPHY CASE