XMR Future on Nostr: Bitcoin supply is not stable. It is constantly dwindling because of lost or burned ...
Bitcoin supply is not stable. It is constantly dwindling because of lost or burned coins. 21 million is theory not reality. Bad for price discovery and stability.
Range proofs assure this inflation bug is not the case. Bitcoiners love espousing transparency, but never take advantage of it by manually verifying. They just trust a node to correctly audit, exactly as monero.
Building on a second layer is already a compromise. You give up final settlement. You create centralized nodes. And now you have most lightning users giving up custody to use it. Shame.
Published at
2023-04-06 12:17:47Event JSON
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"pubkey": "0e1314f29c0a64ec3679671c59dabaf655594e1ca6bbd8712366e3ac175a964f",
"created_at": 1680783467,
"kind": 1,
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"content": "Bitcoin supply is not stable. It is constantly dwindling because of lost or burned coins. 21 million is theory not reality. Bad for price discovery and stability.\n\nRange proofs assure this inflation bug is not the case. Bitcoiners love espousing transparency, but never take advantage of it by manually verifying. They just trust a node to correctly audit, exactly as monero.\n\nBuilding on a second layer is already a compromise. You give up final settlement. You create centralized nodes. And now you have most lightning users giving up custody to use it. Shame.",
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