Post by twetch#116

1HsARx…32gH Key · twetch
twetch_twembed1589167014812.png
What the chain says
Block
634 371
Time
2020-05-11T03:50:15Z
Signer
1HsARx3TiY2iYHWoyu4XF88fZq9rih32gH
App
twetch
Type
post
Content type
image/jpeg
Filename
twetch_twembed1589167014812.png
Name in tx
twetch#116

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 1HsARx3TiY2iYHWoyu4XF88fZq9rih32gH Verified

Reposted by (1)

Replies (9)

16SgJC…e6WS Key · twetch
Replying to@1HsARx…32gH

To play devil's advocate, BTC can have use as a base of monetary supply - like gold bars that are very rarely actually shipped around. It has the advantage of being encrypted gold, it can't be stolen (maybe). BSV is more like ethereum, but I'm new to it.

19C3V2…JVek Key · twetch
Replying to@16SgJC…e6WS

As block rewards shrink every 4 years by half (like this week), transactions must increase to cover the miners costs. The Digital gold concept can only destroy the network because it encourages hodl aka hoarding and not spending.

16SgJC…e6WS Key · twetch
Replying to@19C3V2…JVek

How often do people really ship real quantities of gold that matter? I think Nick Szabo sees it this way. If there is a demand for a gold standard, with a public that trusts the banks but thinks the government might seize the bank's gold, BTC would help.

16SgJC…e6WS Key · twetch
Replying to@16SgJC…e6WS

Just to be clear, I have no strong opinion of BTC vs gold or BSV vs. Ether. But the pricetag on BTC doesn't have to be a bet on adoption by the layperson. Actually the value of bitcoin is not proportional to how many people buy pizza with it at all.

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