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So Prime told customers and Gensler presumably that assets were in individual seperated mini accounts, even in the event of collapse these lil sub accounts would be safu
But allegedly they mixed up all the corn with god knows what and created accounting entries just before it blew up....allegedly
So potentially the customers could get told that because of the mess, the sats legally may not have been theirs all along
Damn bro if there ever was a poster for NYKNYC
I don't recall this particular Prime blowup, just quickly researched it, seems v. Similar to the other big blowups
I have a idea π‘ bookmarked
Cool exercise in creative writing βοΈ and makes you go off and research something, never know might actually learn something π
I agree with you, seems like from the narrative this is all being pushed from one particular dev and others are joining in on the idea
Ah yes more like bullshit in the sense of saying word salad that sounds true
It's difficult to even explain a bullshitter, there are so many nuances, we as hierarchical creatures have an inbuilt need to clamber to the top like the lobsters π¦
I know a few software sales guys and they are particularly good at massaging the truth
Look at buying shit, at retail, sometimes if I can't sleep I'll put on the late night shopping channels for background noise and I get sucked in to their bs π€£π€£π€£
Could end up buying a 6000 dollar water bed that massages your balls
Is there an argument that this is like a boomer saying we must use paper road atlases and learn to read them to navigate rather than use satellite navigation
But then on reflection the world wasn't flooded with fake bullshit maps, I guess there was a bit of roads not being in the right place but then your point wins over as the boomer who knows how to read the paper atlas in the glovebox can get himself out of trouble
Or is the draughtsman that hand draws the schematics for the architect rather than CAD which ironically has probably been replaced by an even further advanced option
Actually there's so many I could list like the quill pen over the typewriter which again supercedes into computers slotting closer to our present day point you make
Is there an argument that technology just moves on and although it's nice to look back in wonder that code was written all by hand it's just easier to let technology do it's thing
The one thing that counts is Technology moves on when it delivers superior results at lower cost that's key and if it's bullshit it's not superior
And how do we verify what is superior? Currently do the work like k00b says but it won't be long until technology solves this problem and in the future we'll be lamenting about how we sifted for hours looking for bugs while the young kid on his hoverboard is thinking OK boomer
And lastly this is a tough one to explain but we come from a mindset of work of getting up everyday and going to work, in the future people will look at us going to the fiat mines for 40 years the same way they look at children in the mills in the Victorian era
It might look like bullshit but at some point you have to let go of the reigns and let the engine takeover
Unless im just suffering from proof of work derangement syndrome
I use UblockOrigin on Firefox for lappy and works well but where Tubular wins is you dont need to be signed in to a goog account. And can still get
- subs
- history
- last watched restarts
Could this argument be correlated against the case of Orange pilling businesses, they dont want to accept bitcoin but instead stay on the old fiat system, I guess the business accepting cash is like NewPipe
but with a little more privacy.
As opposed to taking card payments, akin to using youtube as goog want
Using Bitcoin as a business is like using say Justin's video platform, it requires a new type of thinking about how we access content, and then how do you get the creators over there etc
As Optimism says this item isn't in the basket anymore,
I wonder what item always has been in there and always will be and can it be historically priced, like bread or milk or something
But then could they manipulate the production cost to cook the books no pun intended
Also proof of steak π come on, could've used it lol
If the NewPipe dev is queueing up for coffee and sees someone in front paying with Bitcoin
They'll think 'Remember that guy who wanted to donate sats'
I suppose one of the multiple variables that springs to mind is how do they store their sats, on chain is just as cluttered in options as lightning is, without describing all the options, it's important they start off with at least good decisions, it's who makes those decisions I suppose which is key
They are busy running a business, finding time to learn that spark is a bad idea, takes time
Wise words as always
So a great usp for them is stacking for at least a year and then they could decide to stay in sats or convert with 0 tax implications
THANKS π Optimism
Yes I should have tagged you too tbf you're just as passionate about the correct use of lightning