banitama boosted

@banitama @MrSkweeze Let’s say the companies outnumber normal nodes 4:1 with malicious software (maybe expanding to 42 million coins) Normal nodes wouldn’t run the malicious software and the network would likely fork. Miners would stick to the original chain which would be more valuable having not been diluted with more coins.
Companies would have themselves a chain that no one would want and would have wasted all their capital spinning up malicious nodes.

@MrSkweeze A full node costs ~100$ if you opt for a typical 2GB RPi 4. A 32-core HEDT migh cost 1500$ but you could virtualize multiple instance of full node.
For companies, conjuring that amount of money is easy. What's left is some logistics problem, resource to do it, and some motives...

banitama boosted

"It is no coincidence that the century of total war coincided with the century of central banking."

— Ron Paul, End the Fed

Is it possible that a group of companies run thousands of nodes to take over the consensus of the network from the plebs?
Looks like I need to buy more Pi.

banitama boosted

Bitcoin hodlers have another instance to join here.

hodltech.com

Boost / repost this to reach more potential users and keep the fediverse distributed.

This instance is Pleroma with Soapbox. The web UI is pleasant and has a great one on one messenger that you won’t find on Mastodon. You can also use apps compatible with Mastodon and Pleroma.

Onion service available: 4jqv7gntqtwjqijamez7ikrioy7sezgeghr4idjtvhnwvn4ehdxryxad.onion

banitama boosted
banitama boosted

When did bitcoin network begin?
Please boost for exposure.

banitama boosted

Be ready for your funds to be kept hostage for information on all the custodial exchanges.
* use @bisq_network and @hodlhodl
* buy from friends with cash
* earn
* mine
#bitcoin
---
RT @plan_marcus
Today @Bitstamp has gone even further than the law requires. They now want me to:
- show them how much I earn
- show them where I got my #bitcoin from
- proof of funds

Seriously!! WTF!! And I can’t withdraw and leave so must comply..
twitter.com/plan_marcus/status

@eatoutfrom5lbs i see, I thought yo already had the page ready. We'll be waiting then

@eatoutfrom5lbs good idea. Also I don't see any link to that page in craigwright.lol, all I see is a message with a list of signer

banitama boosted

Alright, tried nyx by torproject. I guess it's not for me. It ate half of my system's RAM.

@SteakDestroyer @SterlingtoOrange Pretty much this. If they don't understand bitcoin, big chance they will just throw that money away for nothing.

banitama boosted

@LibreBell Thanks. Nice addition to the usual htop & lntop.

banitama boosted
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nakamoto.social

Front-running the VC bros in seizing another nakamoto domain.