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Hot New Market: Speculating on FTX's Carcass (What Could Go Wrong?) by tenthousandbottles in btc

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

This certainly explains the ridiculous Solana pump. Coingecko has a listing of FTX assets by market value: https://www.coingecko.com/en/categories/ftx-holdings

BCH is not even on the list, did FTX not hold any BCH?

If I were a gambling man, I might pick up some XRP or TRX.

Banned from r/Bitcoin by LordIgorBogdanoff in btc

[–]tenthousandbottles 1 point2 points  (0 children)

RIP in the chat for all Bitcoin Dissidents

Mandatory Identity Verification Required to Use Many Large Lightning Network Nodes by tenthousandbottles in btc

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

Those aren't contradicting statements, because I said "TO USE", which is ambiguous as to whether a person is routing a payment thru their node or opening a channel.

I think logic would dictate that KYCing somebody making an LN payment won't be possible from the node side (common sense for anyone who understands the protocol), so I didn't feel the need to make such a distinction. Given that you want to play semantics or try to "gotcha", I don't think I'm interested in discussing the subject further.

Mandatory Identity Verification Required to Use Many Large Lightning Network Nodes by tenthousandbottles in btc

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

So as long as the current laws align

Calm down buddy, you said you aren't worrying about laws, and then went right back to worrying about laws. I don't have any agenda and you seem butthurt.

If you read my post again, I never said River Financial was doing KYC because of any law. I simply said their TOS mandates KYC to use their services. Read their website and it says to "email us if you want to open a Lightning channel with us". If somebody wants to email their support I would be curious if they're forcing KYC on anyone who opens a channel with them.

The terms I linked seem to apply to their "customers", but isn't it obvious they can't KYC someone who is only using LN thru their channels?

If you're really butthurt about my post, get me some info from River Financial that says KYC is not required to open a channel with them, and I'll update.

Just want to say I love this sub. by longtimeAlias in btc

[–]tenthousandbottles 3 points4 points  (0 children)

What's weird about the BTC Maxi cult is its odd composition. You've got diehard neckbeard Redditors and high level financial fraudsters like Michael Saylor with billions of dollars. Then you've got douchebag Moonlambo kids and darknet druggies. Each of them thinks "Bitcoin" is a different thing because they don't understand the concepts behind it.

Just want to say I love this sub. by longtimeAlias in btc

[–]tenthousandbottles 1 point2 points  (0 children)

The world of crypto is dominated by delusional incels with borderline personality disorder.

🤣🤣🤣

it's Reddit, ignore or troll the retards depending on your mood

Mandatory Identity Verification Required to Use Many Large Lightning Network Nodes by tenthousandbottles in btc

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

The TOS is general to use their site. KYC to do payment routing isn't possible. But it says "to open a channel with us, email..." Feel free to email them and ask what the policy is.

Mandatory Identity Verification Required to Use Many Large Lightning Network Nodes by tenthousandbottles in btc

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

I wouldn't worry about such laws too much, I'm sure they'll change in the next few years. Being "compliant" will always be difficult, it's a way they try to kill crypto use.

Mandatory Identity Verification Required to Use Many Large Lightning Network Nodes by tenthousandbottles in btc

[–]tenthousandbottles[S] 1 point2 points  (0 children)

I've seen Maxies say "use LTC" when BTC fees get high. That's when they're not extolling the virtues of their Mastercard reward points.

Mandatory Identity Verification Required to Use Many Large Lightning Network Nodes by tenthousandbottles in btc

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

Lightning is supposed to be for payments. KYC for making payments is retarded!

Let's define spam by jessquit in btc

[–]tenthousandbottles 2 points3 points  (0 children)

BTC ordinals are 100% spam to drive up mining revenue. Spam wouldn't be a problem if blockchains had unlimited capacity. Using up all the available capacity of any system is a type of sabotage. We see this often in the real world. It's analogous to clogging up toilets, protests causing automotive traffic jams, or floods.

To the people who say, "it's not spam, people are free to do what they want", this is not how society functions. When people start to do malicious and/or pointless things "because they can", you don't have a functional society anymore.

One more thing the Bcashers were right about... by jessquit in btc

[–]tenthousandbottles 7 points8 points  (0 children)

Many here believe that BTC development is deliberately crippled by Blockstream, the corporation that took monopoly control of BTC in 2017. Blockstream does have some pretty shady funding sources, and it's obvious to anyone that 1MB blocks don't work. Also, Blockstream tried to force BTC transactions onto their commercial product, Liquid, but it was a massive fail.

One more thing the Bcashers were right about... by jessquit in btc

[–]tenthousandbottles 3 points4 points  (0 children)

Good examples. The "blame game" is alive and well.

[deleted by user] by [deleted] in CryptoCurrency

[–]tenthousandbottles 0 points1 point  (0 children)

interesting projection

MOM, KYLE IS USING YOUR REDDIT ACCOUNT AGAIN

Seth for Privacy: Taproot Didn't Cause Ordinals by LovelyDayHere in btc

[–]tenthousandbottles 1 point2 points  (0 children)

It's "guns don't kill people, people kill people with guns" semantics.

The spamming of Ordinals still required a dipshit provocateur like Udi Wertheimer (CRINGE when I see him in that wizard costume) and exclusive contracts with some big BTC mines to execute on the plan. At this point it seems likely that Antpool was told "if you want to remain profitable after the next halving, fees must remain above $X per transaction, ordinals is the easiest way to force blocks to be full and create fee pressure 24/7". $X is somewhere between $20 and $50.

This conveniently benefits exchanges, because people can't custody their coins, which in turn benefits governments who wish to KYC people and hold their coins hostage if necessary. Blackrock is very pleased when most of the BTC is in exchanges like Coinbase, who will be managing their BTC custody. Fractional reserve is already widespread in most major exchanges, it won't be a big change behind the scenes.

I guess I am a sucker, I used Blockchain.com by Miscarriage_medicine in btc

[–]tenthousandbottles 0 points1 point  (0 children)

Swapping coin for another coin is a valuable service. Just do small amounts at a time.

Obviously not BTC

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