rawtxapp

26 ms·

211.
by rawtxapp 5y ago
People use their bank's apps, their investment institutions apps (Robinhood, Fidelity, etc) and a lot of other financial apps all the time.
212.
by rawtxapp 5y ago
Because Trezor doesn't control the iOS app store?
213.
by rawtxapp 5y ago
Do you have any numbers to back up that claim?
214.
by rawtxapp 5y ago
They might have think twice if Apple didn't promise to make sure the app store was completely secure. A promise which they realistically can't keep at their scale no matter how hard they try. Also, this is just one example, the ar
215.
by rawtxapp 5y ago
The worst thing is, people have this belief that Apple is somehow protecting them, so they offload the critical thinking to Apple and lower their own guards. For example, a person thought he was getting a legitimate Bitcoin wallet app, but
216.
by rawtxapp 5y ago
Any changes to BTC require broad consensus of all participants (nodes/miners/users/exchanges/etc). No one can unilaterally make changes, when they try they end up with forks like Bitcoin Cash. Just take a look at a chang
217.
by rawtxapp 5y ago
Well if I keep running it like this for long enough, the engine might end up being destroyed beyond point of no return is the point I guess.
218.
by rawtxapp 5y ago
That's very much possible, but it's still difficult to know that through the noise of the usual volatility I guess.
219.
by rawtxapp 5y ago
Their "net worth" would increase significantly wrt to other countries that didn't adopt it or adopted it too late.
220.
by rawtxapp 5y ago
El Salvador already gave up that monetary control by using USD, many other countries also have currencies that are worthless and/or rapidly becoming worthless.
221.
by rawtxapp 5y ago
Channel factories will be able to open and close many channels at once, so if you open 100 channels in a single transaction, well then you can divide the onchain cost by 100.
222.
by rawtxapp 5y ago
That's typical volatility, imo, a reaction would have been 10+% in either direction and it was well known throughout the day well before the actual announcement itself.
223.
by rawtxapp 5y ago
My car's "check engine" light has been on for a while now, but it still runs with no serious repercussions, guess I can ignore it. You see how that logic would be flawed?
224.
by rawtxapp 5y ago
I'd even take ~99.99% daily drops (which is a great opportunity to harvest some capital losses btw) if it means I'll get 300% YoY and needless to say that has paid off very well so far.
225.
by rawtxapp 5y ago
If that "productive thing" isn't productive enough to yield better than an asset that just sits there in a cold storage, I would argue it wasn't all that productive and/or efficient to begin with. People will alwa
226.
by rawtxapp 5y ago
I think if Bitcoin price turns around and keeps increasing (big if), we are going to see a large scale game theory at play. The countries that have opted in will be in a much better place so that would create a race to get in. The next 5-10
227.
by rawtxapp 5y ago
Strike is using lightning where the fees are barely a few satoshis (much smaller than cents) most of the time. This isn't the Bitcoin of 2015, there has been lots of new development, lightning is here and is being used with growing a
228.
by rawtxapp 5y ago
To add on to that, it's been used pretty nicely in the El Zonte beach town [1]. 1: https://www.forbes.com/sites/tatianakoffman/2020/07/14/this-...
229.
by rawtxapp 5y ago
Historically, Bitcoin appreciated 300% YoY whereas the dollar is in a constantly depreciating cycle, I know which one I'd prefer.
230.
by rawtxapp 5y ago
Even though the market hasn't really reacted to this news (which I suspect is due to the fact that it's proposed/didn't happen yet), this is one of the most bullish news in a very long time in my opinion (even more bulli
231.
by rawtxapp 5y ago
When you consider a country-wide currency or global reserve currency status, things like security/trust are the most important properties. You can then use other layers for much faster and cheaper transactions while keeping the base la
232.
by rawtxapp 5y ago
Stablecoins are an unfortunate side-effect of limited banking for the crypto industry. For the longest time, even legitimate exchanges had issues getting deposits/withdrawals working properly with normal banking system. Most traders I
233.
by rawtxapp 5y ago
FWIW, I've never seen any value whatsoever in these ethics classes (note: I'm not saying it's not an important topic, it's extremely important). The hypotheticals and situations presented and discussed in many of them ar
234.
by rawtxapp 5y ago
So if I give 10$ cash to buy something, the US government is right above my right shoulder approving that transaction? You realize that doesn't make any sense right.
235.
by rawtxapp 5y ago
If encryption was illegal, all these corporate secrets would be even more out in the open, not sure how that's better.
236.
by rawtxapp 5y ago
Well it's one thing getting robbed when you took precautions like securing your back entrances, putting security cameras in your store, putting the cash in some kind of safe and it's a different if you take no precautions whatsoev
237.
by rawtxapp 5y ago
FWIW, Google afterwards opened up the possibility of full-remote work (saying they expect ~20% of the workforce to do that iirc), but individual PAs will need to come up with actual guidelines which are due in a couple of weeks.
238.
by rawtxapp 5y ago
Lightning channel factories will reduce the on-chain transaction requirements very significantly by batching many channels open/closes into a single transaction.
239.
by rawtxapp 5y ago
Google does have it's own internal "VC fund" (Area 120) which has yet to produce anything of significance. Not a lot of engineers actually want to start their own company, they are happy to just come and engineer new produc
240.
by rawtxapp 5y ago
Except only one of them requires ongoing capital investment which means you can't hold on to the return on your capital because you got it with practically no effort.

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