Netflix - How to sell drugs online (fast) S02E03

submitted by /u/slywalkers [link] [comments]

Only in a totalitarian dictatorship would a government prevent currency competition.

Freedom to choose between competing currencies is a basic human right. It is the mechanism we use as free human beings to stop money being corrupted.

We had this freedom for thousands of years when the world cumulatively settled on gold as its free market choice for storing wealth.

Somewhere along the lines we were decieved into accepting and storing wealth in un-backed fiat instead. The damage this has done is immeasurable, slow insidious inflation is a cancer that slowly kills its host leaving an entire society wondering why their salaries are only 2% that of other countries, hyperinflation is a bullet to the head.

Freedom of choice, freedom of commerce, freedom of interaction and freedom to choose how we save and spend our own economic value are all basic human rights, just as important as freedom of speech.

"Power corrupts, and absolute power corrupts absolutely". Monetary corruption under a fiat system is inevitable, in fact Quantitative Easing is the literal manifestation of monetary corruption.

Bitcoin is simply better money, it will expose which countries are disguised totalitarian dictatorships and which countries are truly free.

submitted by /u/slvbtc
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Bitcoin Magazine: The Van Wirdum Sjorsnado - Explaining Taproot - NADO 2

submitted by /u/BashCo [link] [comments]

One of the first missions of the DAA Workgroup was to set a list of goals for the new DAA. Drift was never an item on that list, nor was it ever discussed before ABC's article.

submitted by /u/JonathanSilverblood [link] [comments]

source https://www.reddit.com/r/btc/comments/hy0nx2/one_of_the_first_missions_of_the_daa_workgroup/

Bitcoin Embody The Tools To Fight The “Corrupt Fed” - Robert Kiyosaki

submitted by /u/ArnitaHayward [link] [comments]

source https://www.reddit.com/r/btc/comments/hy0kcc/bitcoin_embody_the_tools_to_fight_the_corrupt_fed/

Start with 8 end with 9....

submitted by /u/-WarrenBuffet [link] [comments]

The danger when a majority of users is relying on SPV wallets (by belcher_)

This is a repost of a post by u/belcher_ on the bitcoin-dev mailinglist (source). I think it is a good description of why relying on SPV wallets (or someone else's node) can be dangerous for bitcoin from a "macro perspective. For clarification: SPV means "Simplified Payment Verification". In very simple words, it's a wallet that doesn't verify everything on the network (as opposed to what a full node does), and can be fooled in certain attack scenarios, as described below, f.ex.

For example, consider if bitcoin had 10000 users. 10 of them use a full node wallet while the other 9990 use an SPV wallet. If a miner attacked the system by printing infinite bitcoins and spending coins without a valid signature, then the 9990 SPV wallets would accept those fake coins as payment, and trade the coins amongst themselves. After a time those coins would likely be the ancestors of most active coins in the 9990-SPV-wallet ecosystem. Bitcoin would split into two currencies: full-node-coin and SPV-coin.

Now the fraud miners may become well known, perhaps being published on bitcoin news portals, but the 9990-SPV-wallet ecosystem has a strong incentive to be against any rollback. Their recent transactions would disappear and they'd lose money. They would argue that they've already been using the coin for a while, and it works perfectly fine, and anyway a coin that can be spent in 9990 places is more useful than one that can be spent in just 10 places. The SPV-wallet community might even decide to use something like invalidateblock to make sure their SPV-coin doesn't get reorg'd out of existence. There'd also likely be a social attack, with every bitcoin community portal being flooded with bots and shills advocating the merits of SPV-coin. This is not a hypothetical because we already saw the same thing during the scalability conflict 2015-2017.

Before you know it, "Bitcoin" would become SPV-coin with inflation and arbitrary seizure. Any normal user could download software called "Bitcoin wallet" which they trust and have used before, but instead of using Bitcoin they'd be using SPV-coin. You may be one of the 10 wallets backed by a full node, but that won't do much good to you when 9990 users happily use another coin as their medium of exchange.

submitted by /u/TheGreatMuffin
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