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Showing 6 of 6 results by ArmandoAKADarwin
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Board Bitcoin Discussion
Re: A Sovereign Bitcoiner's Manifesto
by
ArmandoAKADarwin
on 02/09/2020, 12:07:25 UTC
Quote from: sapta on August 31, 2020, 04:07:28 PM
Quote from: OroroMunroe on August 30, 2020, 02:14:17 PM
It wouldn't surprise me if, in the not too distant future, Bitcoin defi (or sovrynomics), will exceed that of Ethereum. Bitcoin "marketcap" is an order of magnitude greater than that of Ethereum. There is simply a much larger pool of funds that could flow into the decentralised Bitcoin economy once it get's going. The technology to allow this to happen is here. This is a big reason I am so excited to be working on Sovryn.

It's not only Sovryn. Bisq and Hodl Hodl are seeing big increases in volume and are perfect decentralised P2P gateways into crypto. Money On Chain have created the first Bitcoin-backed stablecoin, and I am sure there will be many others.

Decentralised services for Bitcoin are at the beginning of a renaissance and I think the whole space could change over the next year or two.

IF somehow Bitcoin can be superior to Ethereum in this new DeFi stuff, is there any way to make it easier? Because if I understand correctly, your average Joe won't be able to join the hype without understanding Ethereum in the first place. Easier thing brings more people, which is generally good for Bitcoin.

Not sure if I agree. If a bitcoiner can connect their HWW directly to an app running on RSK, why do they need an understanding of Ethereum?
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Re: A Sovereign Bitcoiner's Manifesto
by
ArmandoAKADarwin
on 31/08/2020, 10:45:20 UTC
Quote from: enquirer on August 30, 2020, 09:11:31 PM
Quote from: OroroMunroe on August 29, 2020, 02:12:51 PM
I will never understand why any bitcoiner would be fearful of ethereum or vice-versa. Is just 2 different blockchains with way many differences that makes them both valuable.

I'll explain it so you understand. The most significant promise of Bitcoin as a value store is that it's supply is limited - 21M bitcoins. Proliferation of alts breaks that promise. Now there are 21M bitocins, plus 90M ethereums, plus miriads of other cryptos.
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Topic
Board Bitcoin Discussion
Re: A Sovereign Bitcoiner's Manifesto
by
ArmandoAKADarwin
on 31/08/2020, 08:40:23 UTC
Quote from: chipm0nk on Today at 04:47:48 AM
Nice thread. Looking forward to follow.
Quote from: ArmandoAKADarwin on August 29, 2020, 03:27:43 PM
Quote
Moreover, KYC is not required everywhere, so one can choose a place where it's not enforced.
Where there is a central operator, there is the risk of government intervention and erosion of sovereignty .
It is not a risk. It is a certainty. State intervention is guaranteed. Government will protect its Westphalian sovereignty from any self-sovereign on its territory. It will always corrupt a central operator. And some, such as the US, will use long-arm legislation and sanctions to extend their sovereign power beyond their borders.

100% agree. This is precisely why we need to extend the envelope of non-KYC and uncensorable applications to use and trade BTC.
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Board Bitcoin Discussion
Re: A Sovereign Bitcoiner's Manifesto
by
ArmandoAKADarwin
on 29/08/2020, 15:27:43 UTC
Quote
Moreover, KYC is not required everywhere, so one can choose a place where it's not enforced.

True, there are such options, however I think it's important that there be trading venues where KYC "can't" be enforced. Where there is a central operator, there is the risk of government intervention and erosion of sovereignty .
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Board Bitcoin Discussion
Re: A Sovereign Bitcoiner's Manifesto
by
ArmandoAKADarwin
on 29/08/2020, 14:25:37 UTC
I think a lot of the aversion to Ethereum that you seen in the Bitcoin community stems from a sense that Ethereum portrays itself as something that it is not (decentralized, immutable, verifiable). I think these criticisms hold a fair amount of truth to them. But if you understand that Bitcoin is a singular invention (of hard money that cannot be monopolized), then there is no reason to "fear" Ethereum. All that is left is to warn noobs and learn from all the experiments that Ethereum has facilitated.  
Post
Topic
Board Bitcoin Discussion
Re: A Sovereign Bitcoiner's Manifesto
by
ArmandoAKADarwin
on 29/08/2020, 14:05:23 UTC
Quote
If any technology can provide value for Bitcoin, Bitcoin will simply adopt it

Couldn't agree with this more and it's exciting to see this start playing out. Bitcoin is the first real application of decentralized finance, and today we have the tools to build on top of that and provide services that are immutable, uncensorable and that draw on the hardest money to ever exist..

Quote
Ethereum is Bitcoin’s Testnet

This is the right attitude. I have a feeling that many of the successful Defi apps on Ethereum will soon be migrating to other chains, and Bitcoin is a natural choice and probably the only choice, since its sound money attributes will keep on sucking in all the liquidity.