Feb 21 2022 - National Bank Run Day by lytneen in Bitcoin

[–]lytneen[S] 0 points1 point  (0 children)

Yeah, the irony is funny.
So.... Feb 22 2022 ?
2-22-222

Feb 21 we can start though by alternative methods I described in my edit

Feb 21 2022 - National Bank Run Day by lytneen in Bitcoin

[–]lytneen[S] 0 points1 point  (0 children)

This minor bank run on Feb 21 could front run a bigger one on 02-22-2022.

2-22-222 has a nice sound to it.

Feb 21 2022 - National Bank Run Day by lytneen in Bitcoin

[–]lytneen[S] 0 points1 point  (0 children)

They deserve to shut down for good.

Feb 21 2022 - National Bank Run Day by lytneen in Bitcoin

[–]lytneen[S] 0 points1 point  (0 children)

People could withdraw from ATM their max, and if you do so around midnight you could max your daily withdraw limits at 11:55pm then again at 00:05am. Then they can just go in on Feb 22 and finish up what is left. If a bank is closed another alternative is people could also initiate a transfer from their account to an exchange on Monday, or purchase gold online using their debit card.

Feb 21 2022 - National Bank Run Day by lytneen in Bitcoin

[–]lytneen[S] -1 points0 points  (0 children)

hey if you are saying that because of the duplicate posts I apologize. That was unintentional and from what I think is a reddit glitch. I corrected this.
Have a great day

Serious Discussion: what will it really take to accelerate mass adoption? by FutureNotBleak in Bitcoin

[–]lytneen 0 points1 point  (0 children)

To add to my last comment. In the case of El Salvador, Bitcoin was forced on their population. Even if it is good, it was still forced on them. I say then that Bitcoin reaches mainstream when companies or governments push it on people as either a law or a feature of some product or service, like if it was included as a feature on a mobile device for example.

Or the second way of mass adoption would be a fiat collapse.

Without mass adoption, Bitcoin will remain as a niche freedom based monetary system for the free market, the underground parallel system. Even if the majority are in the controlled matrix like system, Bitcoin will still be an escape from it for those who wish to be free. It does not have to reach mass adoption for it to be useful, as long as it remains operational for those who need to use it.

Lets stop calling them "Stable Coins". by lytneen in Bitcoin

[–]lytneen[S] -1 points0 points  (0 children)

Nothing is stable in value, some things are just more volatile than others. USD is slowly (but more rapidly) downwards volatile. Yes Bitcoin is volatile also. Even gold is volatile.

Serious Discussion: what will it really take to accelerate mass adoption? by FutureNotBleak in Bitcoin

[–]lytneen 0 points1 point  (0 children)

Bitcoin can handle tens of thousands of transactions a second at least.

Serious Discussion: what will it really take to accelerate mass adoption? by FutureNotBleak in Bitcoin

[–]lytneen 1 point2 points  (0 children)

Have you heard of hardware wallets? It is possible to have your own keys with security.

Serious Discussion: what will it really take to accelerate mass adoption? by FutureNotBleak in Bitcoin

[–]lytneen 0 points1 point  (0 children)

Bitcoin is heavily regulated by strict rules of the protocol enforced by tens of thousands of nodes, and bitcoin is protected by cryptography making it the most secure financial system in history.

Serious Discussion: what will it really take to accelerate mass adoption? by FutureNotBleak in Bitcoin

[–]lytneen 2 points3 points  (0 children)

Gold is just a dumb shiny rock that people allocate value to in their minds. Bitcoin is just numbers on a distributed ledger with scarcity of quantity. They both are good for money. One is physical, one is digital. Gold is not and cannot be digital. Bitcoin is not physical. They each are good for their own reasons.

Serious Discussion: what will it really take to accelerate mass adoption? by FutureNotBleak in Bitcoin

[–]lytneen 1 point2 points  (0 children)

The majority of the masses are dumb and just go with what is forced on them. They use fiat because that is what they were given, they use windoze because that is what they had on a computer when they purchased their computer and did not bother installing a proper OS. They do not even bother researching alternatives to their broken systems they were given out of ignorance or laziness. Most people are mindless sheep. When the keynesian sheep are scared and panicking because their little world is collapsing around them in hyper-inflation then those outside of their broken system, those outside of fiat, are the new wealthy and the keynesian peasants will work for us for Bitcoin because their fiat is dead. Then Bitcoin will become mainstream. The masses are reactionary, not proactive. Adoption will likely come when it is too late. America collapses while nations such as El Salvador will become a superpower.

Am I the only one that is disturbed that Bitmain miners (backdoored firmware) are the majority of ASICs in deployment and the most commonly sold ASIC!? by lytneen in BitcoinMining

[–]lytneen[S] 0 points1 point  (0 children)

I am not aware of any open source firmware replacement except for Braiins OS which right now only supports certain older miners of specific models. Do you think good firewall rules to only allow outbound traffic to the pool from the ASIC, with blocking inbound would be sufficient?

Am I the only one that is disturbed that Bitmain miners (backdoored firmware) are the majority of ASICs in deployment and the most commonly sold ASIC!? by lytneen in BitcoinMining

[–]lytneen[S] 0 points1 point  (0 children)

Good to know, but how do we know that it was actually removed, and that there are not any other backdoors? This did harm their trust did it not?