Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What twisting? that's literally a screenshot.
Context here: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-60#post-2263
Context here: https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-60#post-2263
He is clearly not displaying panic.
That's why I provided the context, so you can make your own mind on the subject. For me, that is panic together with this:
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Twisting aside -- that some share of the cryptocake capitalization will go to chains with varying degrees of trust reliance is unavoidable, imo. Said as much before and still think it'll be the case, long term. Only, that doesn't change the simple economic insight that, once you're planning to clear / register / etc. among a broader group where your lack of trust in them times the capital on the line is greater than the cost of complying with creaky old BTC (fees and delays, warts and all), you have no good localized economic reason not to use the latter... So what's the big deal, exactly?*
* And that's not even accounting for the (orthogonal) incentive to be on a permissionless network.
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Twisting aside -- that some share of the crypto
* And that's not even accounting for the (orthogonal) incentive to be on a permissionless network.
Unloading of the blockchain for txs that don't need to be persisted forever in the main blockchain. Helping scalability. Which seems to be a bit of a deal these days (more because of fabricated crises than reality, but it's the way it is). Improvements are always welcome to me.