Author: dfmines

It is possible for home stakers to rely on Infura and Alchemy instead of running their own nodes. In the limit, this could lead to dangerous amount of centralization. Has anyone thought about how to incentivize people to run nodes? submitted by /u/GreatFilter [link] [comments]

…and that is putting it mildly –MicroStrategy supposedly buying the orange coin hand over fist –El Salvador adopting it as one of their official currencies –Other countries putting forth resolutions to do similarly –Several cities in the US (and other places) considering adopting it for government workers –Increased decentralization because of miners being forced out…
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I don’t understand for the life of me the maximalist view on eth. What market is it going for? Some of the weak aspects of eth I feel are often overlooked like realistically what is it really even the best at anymore decentralization? Number of projects atm?Its going to be a while until it gets…
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I don't give a shit if you think it's going to 100k by the end of the year, or $1M in five years. You will not get rich on Bitcoin. Here's why: Let's say that BTC doubles by year end and we're sitting at 100k (a theoretically possible, but very optimistic scenario). Buying today means…
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The mystery of the Chivo wallet persists. And Bitso comes into the picture as part of a more credible report confirmed through official channels. It seems like NewsBTC was right to doubt Forbes’s article about BitGo being behind the Chivo wallet.  This Reuters report, on the other hand, comes with specific information and quotes confirming the news. For example: “We are looking forward to working with El Salvador in an initiative that will transform payment structures and increase financial inclusion in the country,” said Santiago Alvarado, vice-president of Bitso for Business. Related Reading | Bitcoin Price Bloodbath: Is El Salvador A “Sell The News” Event? Even that could be considered evasive, it doesn’t refer to the Chivo wallet specifically. This chunky bit of information, on the other hand, leaves little to the imagination. “Bitso said it will work with Silvergate Bank, a U.S. federally-regulated and California state-chartered bank, to facilitate transactions in U.S. dollars.” The language suggests they’re talking business. El Salvador made history by becoming the first country to make Bitcoin legal tender, and today, we’re proud to announce that Bitso is committed to building and developing El Salvador’s vision of Bitcoin by being the core crypto-service provider for Chivo.Let’s #MakeCryptoUseful https://t.co/2rrTNDdXab — Bitso (@Bitso) September 7, 2021 If Bitso Is Behind The Wallet, What’s The Deal With BitGo? On the other hand, in the BitGo report, the language suggested otherwise. The quote from BitGo’s CEO was non-comital and it all sounded like a paid press release. NewsBTC questioned: “The most worrying sentence, however, is “Forbes has learned El Salvador appears to have tapped…” They’re not committing to anything here. It “appears” this way, but nothing is certain.” However, could both companies be involved? Reuters says Bitso will be “the core service provider for Chivo.” Forbes said that BitGo would “provide Chivo’s wallet infrastructure and security platform.” Are both of these statements contradictory? Or are both of these giant companies behind the controversial Chivo wallet? A funny detail is that Bitso’s name was present in the leak of the Chivo wallet’s architecture that our sister site Bitcoinist reported on. BitGo’s name wasn’t. And Athena was at the center of the whole operation. Still, it’s a funny detail. One thing’s for sure, Strike seems to be completely out of the picture. In a recent Twitter thread, Strike’s CEO Jack Mallers clearly said “Strike has no business relationship with Chivo wallet or any of their ATMs.” All that was needed was interoperability with the #Bitcoin network. Strike has no business relationship with @chivowallet or any of their ATMs. We simply both integrated and operate on top of the same, singular, payment standard that is #Bitcoin and the Lightning Network. — Jack Mallers (@jackmallers) September 7, 2021 Mallers seems to be perfectly fine with the situation. “With the Bitcoin network, there is one singular, open standard for the world,” he says later on in the thread.  BTC price chart for 09/10/2021 on Bittrex | Source: BTC/USD on TradingView.com Remittances Are The Key In the days prior to the Bitcoin Law coming into effect, Bitcoinist quoted the executive president of the Central American Bank for Economic Integration, Dante Mossi. He said their eyes were on remittances and that: “Guatemala, Honduras and El Salvador are the countries that would have the most to gain if the adoption of bitcoin lowered the cost of sending remittances.” All countries in his organization’s area of influence. Instead of focusing on how much Salvadorans are going to get back, a recent report about how much Western Union is going to lose with El Salvador’s Bitcoin move recently made the news. About it, Bitcoinist said: “With bitcoin though, the middleman, in this case, Western Union and the likes, are completely removed from the process. The funds sent go directly to the recipient without the need for a processing fee to a third party. It is estimated that these remittance companies are set to lose about $400 million a year when remittances are routed through bitcoin instead.” Related Reading | Bitso Raises Over US$1.85m to Boost Mexican Bitcoin Remittance As it turns out, remittances are Bitso ’s specialty. The company processed “more than $1.2 billion in remittances between the United States and Mexico in 2020.” In the article, Reuters quotes Santiago Alvarado again: “As the leading crypto exchange in the region, we are thrilled to bring our experience in remittances and in secure and low-friction financial services to Salvadorans.” So, this all makes sense. Still, the mystery of the Chivo wallet continues. Featured Image by Thomas Jarrand on Unsplash – Charts by TradingView

submitted by /u/tfproblem [link] [comments]

Listen, if you, at the end of the fiscal year, make some nice gains, and some of that goes to pay for schools, roads, bridges, social security, Medicare, you’re doing yourself and everyone else a service. And that’s good vibes. I know there’s a lot of “BURY ME WITH MY MONEY!” shenanigans in this sub,…
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submitted by /u/MadCribby [link] [comments]

submitted by /u/craig_b2001 [link] [comments]