Can't decide if I should trust the opinion of an MIT trained rocket scientist and billionaire who can recite the history of mankind by memory or someone who has publicly made countless incorrect predictions about technology and makes money by recycling other people’s oversimplified takes.
What do you guys think? Tough choice
I'm so tired of their hostile attitude to BCH. They dragged their feet for ages after the fork before adding support for BCH, and acted like it was some unfair burden placed upon them. These guys are closet maximalists of the worst kind. I'm so over this evidence free argument that "scaling won't work". It's like it's just taken as an article of faith.
Reason 1 isn't even coherent, reason 2 is "lightning network" and reason 3 is just how cryptocurrencies work.
Fortunately, if you found those three poorly thought out statements unconvincing, they follow up with the super persuasive argument that it would be "naive and reckless" to take any other approach.
From their blog post on Taproot:
Like it or not, one of the governing rules of the Bitcoin network is that block size is limited. This means that only around 3000 transactions can usually fit into a block, resulting in an effective transaction throughput of around five transactions per second. Objectively, this may seem rather low*, but there are many reasons why it is a pretty good trade-off over centralized alternatives:*
Increasing the block size, as some Bitcoin critics have proposed, is a naïve and reckless way to increase throughput.
In conclusion, Fuck Trezor.
I like to think of myself as a power user and have been in the space since 2014. I always held most of my Bitcoin on a hardware wallet and only kept tiny amount of sats on my phone wallet. Last night something happened which made me come here and make a post so that you guys don't fall for it as well.
I've always been an Android user and most attractive thing about Android for me was the ability to sideload apps. I had all kinds of sideloaded apps on my phone like VPN, livestreams, IPTV, Spotify, Camera apps and never had an issue before. I used one app named Mobdro for years for livestreams and such and it worked as expected, but a couple of weeks ago I got an update notification from this app and I clicked "Update" without thinking much about it. Last night I sent $35 worth of BTC to a friend and saw that the address this BTC was being sent to was not my friends address but it was too late since the TX was already in mempool. I quickly realized that my phone has been compromised and I had to factory reset it.
Turns out the Mobdro app developer was arrested last week and somehow someone got access to their app resources and pushed an update containing malware which would detect a Bitcoin address copied in the clipboard and replaces it with one of the attackers address. So long story short, I ended up losing $35 of BTC to a stupid malicious app.
TL;DR
![[link]](https://i.redd.it/lu76xpjojsx61.jpg){kind=link}
![[link]](https://i.redd.it/8e3vo7whcrx61.jpg){kind=link}