this is long, and I wrote it while watching, hope theres something good for someone to take away!
the interviewers leading questions for the guest bitcoin expert melt my mind lol (I’m writing the rest while this video plays, but Matt you’re gonna have to really convince me to watch another one of these, the interviewers here are very clearly biased and leading in their questions, peak political narrative types, are other breaking point journalists a bit better than this? i don’t watch BP)
also, no one in this call/interview is clearly a real software dev//experienced in code, the guy is just like saying the devs could just decide to change the number on a protocol thats running across 22K+ nodes (https://bitnodes.io/) GLOBALLY
sure hard forks happen, but then everyone would have to accept the fork of the protocol….
42 devs for a global project is actually decently large, espeically something as long lasting and big as BTC, I also would be curious how he came up with that number….
idk if this is the official bitcoin core repo, but theres 999 contributors with commits to the software, could be the true number of core core developers is smaller, but thats
what BTC nodes are complying to OFAC standards??? also, I do think he has a point on that, but the day that starts to really happen is the day BTC dies
IIRC theres the concept of dirty BTC that is full of UTXO transactions outside a ceritified exchange and has gone through washing… but has coinbase actually blocked a BTC UTXO becuase it had old sanctioned addresses in its history?
I rhink there is 100% weight behind his statement that stablecoins are just shadow QE, and I love it…. get everyone on a blockchain we can audit and make it so anyone can verify cash reserves for any company/public entiry without having to trust a 3rd party auditor.
also, get us away from the corrupt federal reserve that can’t even be audited… at least with a stablecoin provider, you know how many stable coins they’ve issued and their reporting is better than the fed. we the american tax payers pay the fed to print dollars and gain interest on our taxes we’ve paid to our government, its also private to boot.
So I’m all for just recognizing the fact that at least the stablecoin companies are privately held entities, and I also have hope the market competition will force them to pay stablecoin holders yields… kraken is doing that right now with USDG (paxos).
LOL yea the BTC “bubble” will pop and we get the BIG LONG of BTC
I still need to look into this more, but u or Kyle dropped that TFTC video on the BIG LONG and it was pretty inspiring. Made me go out and watch, THE BIG SHORT, for the first time. I knew the system was rigged, but not how bad it was rigged….
honestly, FTX was way tamer compared to what the MBS industry was doing in 2007/2008. Whoever this guy they brought on is, I don’t understand how he thinks regulation, big banks, and the fed are going to protect consumers when they never have in the first place???? Sure, is BTC peer to peer payments? no, but whatever chain actually uses BITVMX and other BTC soft forks that enable layer 2s to scale into native BTC will be able to run P2P payments, trustlessly! Not like lightning which involves so much trust it scares me to use.
specifically this is a reply to the clearly confuzzled individual those folks interviewed, which calling the leading questions an interview is circumspect at best
this is long, and I wrote it while watching, hope theres something good for someone to take away!
the interviewers leading questions for the guest bitcoin expert melt my mind lol (I’m writing the rest while this video plays, but Matt you’re gonna have to really convince me to watch another one of these, the interviewers here are very clearly biased and leading in their questions, peak political narrative types, are other breaking point journalists a bit better than this? i don’t watch BP)
also, no one in this call/interview is clearly a real software dev//experienced in code, the guy is just like saying the devs could just decide to change the number on a protocol thats running across 22K+ nodes (https://bitnodes.io/) GLOBALLY
sure hard forks happen, but then everyone would have to accept the fork of the protocol….
42 devs for a global project is actually decently large, espeically something as long lasting and big as BTC, I also would be curious how he came up with that number….
idk if this is the official bitcoin core repo, but theres 999 contributors with commits to the software, could be the true number of core core developers is smaller, but thats
what BTC nodes are complying to OFAC standards??? also, I do think he has a point on that, but the day that starts to really happen is the day BTC dies
IIRC theres the concept of dirty BTC that is full of UTXO transactions outside a ceritified exchange and has gone through washing… but has coinbase actually blocked a BTC UTXO becuase it had old sanctioned addresses in its history?
I rhink there is 100% weight behind his statement that stablecoins are just shadow QE, and I love it…. get everyone on a blockchain we can audit and make it so anyone can verify cash reserves for any company/public entiry without having to trust a 3rd party auditor.
also, get us away from the corrupt federal reserve that can’t even be audited… at least with a stablecoin provider, you know how many stable coins they’ve issued and their reporting is better than the fed. we the american tax payers pay the fed to print dollars and gain interest on our taxes we’ve paid to our government, its also private to boot.
So I’m all for just recognizing the fact that at least the stablecoin companies are privately held entities, and I also have hope the market competition will force them to pay stablecoin holders yields… kraken is doing that right now with USDG (paxos).
LOL yea the BTC “bubble” will pop and we get the BIG LONG of BTC
I still need to look into this more, but u or Kyle dropped that TFTC video on the BIG LONG and it was pretty inspiring. Made me go out and watch, THE BIG SHORT, for the first time. I knew the system was rigged, but not how bad it was rigged….
honestly, FTX was way tamer compared to what the MBS industry was doing in 2007/2008. Whoever this guy they brought on is, I don’t understand how he thinks regulation, big banks, and the fed are going to protect consumers when they never have in the first place???? Sure, is BTC peer to peer payments? no, but whatever chain actually uses BITVMX and other BTC soft forks that enable layer 2s to scale into native BTC will be able to run P2P payments, trustlessly! Not like lightning which involves so much trust it scares me to use.
specifically this is a reply to the clearly confuzzled individual those folks interviewed, which calling the leading questions an interview is circumspect at best