doomroot

10 ms·

61.
by doomroot 5y ago
Have you tried sending money to Rwanda? There are obvious benefits to an open money api.
62.
by doomroot 5y ago
mempool.space
63.
by doomroot 5y ago
How about $1 billion? Irreversibly, in 30 mins, for 10 cents? Doubt it.
64.
by doomroot 5y ago
10 cents?
65.
by doomroot 5y ago
No you wouldn’t. Your clearly just want to pump your bags.
66.
by doomroot 5y ago
Forbes is reporting[0] that they are using BitGo. FYI Salvadorians are not required to use chivo at all. The interoperability is the exciting part not chivo. [0] https://www.forbes.com/sites/jonathanponciano/2021&#
67.
by doomroot 5y ago
Btcpayserver is by far the best open source solution in the space.
68.
by doomroot 5y ago
This is true but not in the way you’re implying. El Salvador wants to attract bitcoin tourists. To spend bitcoin in the US it’s a taxable event, not in El Salvador though. If you are in your 20s with a few bitcoin you can live like a king
69.
by doomroot 5y ago
I know this is a tongue-in-cheek comment but I’ll respond. Currently, no. To receive bitcoin tips you must have a kyc’d strike account.
70.
by doomroot 5y ago
> Bitcoin itself is incredibly volatile. Largely in the right direction.
71.
by doomroot 5y ago
Why does the bitcoin blockchain need to be used for normal transactions? Do you not think a neutral payment rail/unit of account between nation state level actor’s could be valuable?
72.
by doomroot 5y ago
Bandwidth is the bottleneck not disk space. I fear that a lot of projects are moving to layer 2 too late. Layer 2 makes bitcoin so much more usable that as a result more hobbyists are running L1 nodes.
73.
by doomroot 5y ago
I agree, it also forces interoperability. Regardless of what you think about bitcoin the asset, if it decouples the sender and receiver’s payment technology it might all be worth it.
74.
by doomroot 5y ago
If you’re worried about it denominate it in USD? I don’t see why the problem is here.
75.
by doomroot 5y ago
You have the first part right, but to insinuate that lightning is not using the bitcoin blockchain is entirely wrong. In the case of lightning, the bitcoin blockchain is only used in a dispute over funds. This is how you properly scale a de
76.
by doomroot 5y ago
https://bitcoin.org/bitcoin.pdf
77.
by doomroot 5y ago
Generally speaking banana republic is an offensive term to those living the states you’re referring to.
78.
by doomroot 5y ago
Malicious in what way? Do you mean the software? The software has been developed in the public for 10+ years.
79.
by doomroot 5y ago
The mempool is relatively empty to fees are pretty minimal at the moment. But you are mostly right about holding balances on the app on a centralized database. However they are partnered with large lightning payment providers like Strike to
80.
by doomroot 5y ago
Because bitcoin is by far the most scalable decentralized censorship resistant cryptocurrency. That isn’t a popular opinion here but it’s true. Improvements to the protocol are slow and often boring. The kind of thing that countries want in
81.
by doomroot 5y ago
Financial sovereignty
82.
by doomroot 5y ago
Sounds like you need to quit your job. I hear they’re paying new hires a lot.
83.
by doomroot 5y ago
https://www.google.com/amp/s/www.circle.com/blog/greater-tra... Do some googling before commenting please.
84.
by doomroot 5y ago
Bitcoin fees would simply double if that? Also one of the benefits to a mature proof of work system is that miners incentives align with the success of that currency. Imagine spending thousands of dollars on special purpose hardware only to
85.
by doomroot 5y ago
https://stacker.news/ Is really fun if you’re interested in primarily bitcoin. You can authenticate yourself with a tiny tiny bitcoin payment over the lightning network.
86.
by doomroot 5y ago
You won't like the future.
87.
by doomroot 5y ago
> Custody doesn't have an agreed-upon definition when it comes to crypto. This is not true, custody is very well understood when it comes to blockchain assets. Legal definitions of ownership are another question altogether that do r
88.
by doomroot 5y ago
This is a well structured comment and much of the reason I still spend time on this site. Thank you.
89.
by doomroot 5y ago
Bitcoin
90.
by doomroot 5y ago
Don’t people who play video games screw over anyone who wants a graphics card to render 3D graphics for movies by your logic? Have you looked into how strike.me is using Bitcoin? It’s essentially a Venmo/cash app competitor that is tra

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