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RainDogDance
I'm here to learn
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RainDogDance 5h
> A system giving visibility and predictability is a first good step to avoid that. Do you mean, that this is what bitcoin already is/is helping with, or do you have any specific improvements in mind?
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RainDogDance 5h
Replying to @hasufl @SGBarbour
.. the scenario of 0 fees is very unlikely to happen, as I see it? Esp. since the rewards disappearance is gradual (this conversation gives a great reminder of the importance of the gradual disappearance btw 👍)
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RainDogDance 5h
Replying to @hasufl @SGBarbour
> Transaction in an environment with 0 block reward never finalize But they never finalize only if there is also 0 fee revenue, no? So if bitcoin started out with 0 block rewards, this scenario would be the reality, but given that it's already bootstrapped/bootstrapping,
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RainDogDance 5h
Replying to @hasufl @SGBarbour
Oh I see, you mean, because in that example miners are not willing to mine when there are no tx and no block rewards? Makes sense now :)
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RainDogDance 5h
Replying to @hasufl @SGBarbour
Why is the lack of block rewards influential for the desire of users to transact? And if someone is paying $1m in fees, it's only for their transaction, not for the tx's of the other 100 people?
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RainDogDance 6h
Replying to @hasufl @SGBarbour
Isn't bitcoins security also excludable then, because if I pay for it, my tx occupies a limited space in a block, thus excluding anyone else from that space?
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RainDogDance 7h
Replying to @hasufl @SGBarbour
Ah ok, I misunderstood "excludable". Interesting, need to think bit more about that.
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RainDogDance 7h
Replying to @hasufl @SGBarbour
I don't quite follow why a) + b) = common good. Mind expanding? F.ex priv. security firms are also rivalrous (competing for a limited pool of customers who want to be protected) & non-excludable (disregarding regulations etc).. But we don't consider priv. security a common good?
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RainDogDance 8h
Bitcoin is "dominated" by bitcoin twitter in a similar way that gold is "dominated" by gold twitter or r/gold.
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RainDogDance 11h
Replying to @hasufl
Very important thing to understand in investments indeed. And once again nicely mirrored in poker, where the bias towards "doing something" leads to one of the biggest/most frequent mistakes a beginner can make: playing far too many hands
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RainDogDance Aug 7
Replying to @RainDogDance
In case you're wondering how to do that on btc:
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RainDogDance Aug 7
TIL there is no command to verify the current eth supply on an ethereum node
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RainDogDance Aug 6
Replying to @RainDogDance
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RainDogDance Aug 6
TL;DR: The bottleneck is not developers in the role of "code writers", but developers as in "reviewers of other people's code"
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RainDogDance Aug 5
See "recommended wallets" here: Or here:
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RainDogDance Aug 5
75% sounds like a good number indeed.. would you be able to remember the source for that, plz?
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RainDogDance Aug 4
Sorry I just was trying to peer pressure you into getting on TFTC ;)
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RainDogDance Aug 4
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RainDogDance Aug 3
Replying to @amizi
also Taproot and Mast :)
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RainDogDance Aug 3
Replying to @amizi
Mempool
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