Oddbean new post about login | logout Imagine being this much of a scammer. https://image.nostr.build/46490b5ff69e5b83418f9a3eca57aa5a9325e5a7194b98ffe97afe1ddc7fa857.jpg
This is officially the dumbest shit I’ve seen all day.
A question, why are the transaction fees actually so high ? Because of the amount of transactions before the halving…ore else ? Are Ordinals now Runes , one is fungible the other non fungible ? Don’t get it. What is the average Bitcoiner to do with Runes? Is is maybe interesting for art to get easier access to tokens ? ( But what for another protocol?) Is it good or what’s the critique? How much does a rune token cost ? #asknostr
There are multiple factors. First of all there was a lot of competition right at the halving, because people wanted to get their TX in the block. It caused a peak of transactions that resulted in a backlog. Then there are runes (aka. shitcoins). This protocol promotes an auction like fee-competition because people do not only compete for block space but also for runes.
More nonsensical deflection from the Gold Shield bearer. “Gold works if you put it on a blockchain.” Jeez. Translation: I have to convince people that gold is better or Pacific will fold and I’ll lose my a**
Grandpa Pete is talking nonsense again
Tokanized on a block chain? Wtf? Same trust proposition.
Who stores your physical gold when you hold the block chain token ? Just asking....lol ! Larry "ratfink" Fink wants to tokenize ALL physical assets, including your house. "Must be a good deal!" Its coming and You Will Own Nothing(TM). People are asleep
When does this "you'll own nothing" event happen ? When the $quadrillions derivatives markets collapse. Either under their own weight or they get pulled. Probably the latter. They are still getting their ducks in a row, building their blockchains(SQL databases) , tokenizing(centralizing) all assets and changing the collateral laws so that the banks are first in line(and you're not in the line) to get the collateral. People's heads will spin when they realise what happened. Not your keys , not your bitcoins.
"tokenized on a blockchain" - the year 2015 is calling 😅
Oh. So he's moving from gold to gold-shitcoin. That's kinda an improvement. I guess.
What innovation is around the corner to make gold currency? What new asset class is raising up an army of people innovating to solve global issues? Not in the gold community. You build the world you create. Gold bugs just want power but they don’t deserve it. Bitcoiners should learn from Peter that when you only care about being better or right you lost sight of humanity and people dislike you because of your pride. Stay sweet, stay humble, stack bitcoin
just to be completely honest. it isn't clear why such statement makes him a "scammer". he made a statement where gold could be tokenized onto a blockchain, which could be done. tether already does it ( XAUT ). and if you were to put it on some fast blockchain, like L2s on ethereum or in the cosmos ecosystem like on osmosis, it would of course be better in sense that it'd be faster and cheaper than currently transacting on bitcoin base-layer. sure it wouldn't be as secure and decentralised as bitcoin is now on basechain, but that's not the topic of an argument. please don't fall down to being dogmatic and taking everything from someone you don't like and labeling it as scam and waiting for others from your 'tribe' to clap you. its not productive. explain why he's wrong. not just purely say he's idiot.
Sir go see a doctor because I think you have brain damage
The main point of the argument against this is final settlement. When a bitcoin transaction settles, you have control of the actual bitcoin UTXO. If your “gold on a blockchain” transaction settles, do you have the gold? https://m.primal.net/Hyvb.jpg
LMFAO
tokenized gold on the blockchain LMAO! might as well just back the dollar with gold again. no shitcoin chain needed for that.
