翠星石 on Nostr: ren :shraggot: >it's volatile 1 BTC == 1 BTC and there's a fixed supply, the only ...
ren :shraggot: (npub1qu9…wkf7) >it's volatile
1 BTC == 1 BTC and there's a fixed supply, the only volatility is the exchange rate with USD.
>most darknet markets have moved to more stable coins like monero
Most darket markets have moved to monero because it's private and fungible.
>you can't reverse transactions and you lose all your shit if you accidently send stuff to an incorrect address
It sounds like a bug, but it's a feature really, as a cryptographic guarantee transactions cannot be reversed is what a digital currency needs.
>while relying on internet primarily controlled by corpos.
There is no reason why bitcoin cannot be tunneled over overlay networks or even via meshnets, just as long as all the nodes can eventually communicate with each other.
1 BTC == 1 BTC and there's a fixed supply, the only volatility is the exchange rate with USD.
>most darknet markets have moved to more stable coins like monero
Most darket markets have moved to monero because it's private and fungible.
>you can't reverse transactions and you lose all your shit if you accidently send stuff to an incorrect address
It sounds like a bug, but it's a feature really, as a cryptographic guarantee transactions cannot be reversed is what a digital currency needs.
>while relying on internet primarily controlled by corpos.
There is no reason why bitcoin cannot be tunneled over overlay networks or even via meshnets, just as long as all the nodes can eventually communicate with each other.