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Critiquing a Bitcoin Maxi called Dick | CTTPodcast 110
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Direction: @Starkerz, @TheyCallMeDan
Executive Producer: @TheDeltron
Edition/Social Media: @noakmilo
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Replies (11)
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I don't think I've ever seen @TheyCallMeDan's real face before.... Wow, this has been an amazing podcast, but it would be great to have subtitles so those of us who speak Spanish can also enjoy all the information.... A big hug!
Here's a summary of the episode:
https://inleo.io/@ai-summaries/summary-cttpodcast-ep-110-march-25-2024
The beauty is that CTT nature of podcast often quite interesting and informative altogether
Genial😍😍😍😊
Your rant around the 8 minute mark reminded me so much of Chris Rock. Would be so funny if he dubbed it over.
Now to a more serious point … When bitcoin inflation hits zero and miners are supported on fees only, what happens to bitcoin network security when bitcoin can be exchanged off of the bitcoin chain like what is being proposed by several projects on Hive and other places. I might not understand it enough, but that seems to be a weak point the bitcoin hard cap. Right?
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https://hive.blog/hive-104387/@bpcvoter3/se19g2
Downvoted BY HIVE FARMERS
6 days ago in #life by slobberchops (81)$0.00
Reply 3
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[-]bpcvoter2 (-5)(1) 4 days ago · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED
https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb
https://www.publish0x.com/the-dark-side-of-hive
https://www.reddit.com/r/stoptheabuseonhive/
https://peakd.com/hive-164833/@bilpcoinbpc/you-have-all-witnessed-this-account-being-downvoted-to-a-negative-reputation-for-no-reason
SHAME ON YOU ALL SAD PEOPLE WHO SCAM LIE AND FARM HIVE AND HIVERS
[-]acidyo (82) 3 months ago
Haha at "I shouldn't make commercial" :D Maybe something to worry about when you have more youtube subscribers! Quite interesting content though, these things should get more subs on there and here.
$4.28
1 vote
Reply
[-]gogreenbuddy (67) 3 months ago
Yeah thought that was funny too
$4.54
4 votes
gogreenbuddy: $4.47
acidyo: $0.06
holbein81: $0.01
koleso: -$0.00
https://hive.blog/life/@gogreenbuddy/i-had-to-give-up-on-my-gabion-fencing-too-much-work
@themarkymark @buildawhale @upmyvote @ipromote @gogreenbuddy @usainvote @punkteam @makerhacks @apeminingclub @leovoter @blockheadgamds @rollingbones farm @cwow2 @solominer @steevc @adm @abit @theycallmedan @dalz @abh12345
HE MAKES CURATION REWARDS WITH ALL HIS ALT ACCOUNTS BURNING TOKENS LIKE THIS DOES NOT TAKE OLD TOKENS IT MINTS NEW ONES AND BURNS THEM
https://hive.blog/hive-167922/@bilpcoinbpc/the-power
https://www.bilpcoin.com/hive-167922/@bilpcoinbpc/the-power
https://www.bilpcoin.com/hive-167922/@bpcvoter1/response-4-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts
Credit: ybf
Earn Crypto for your Memes @ HiveMe.me!
FAKE HIVE POLICE
HIVE IS DEAD
HIVE IS ONE BIG FARM
!LOL !WEED !MEME !GIF
https://hive.blog/hive-104387/@bpcvoter3/se19g2
Downvoted BY HIVE FARMERS
6 days ago in #life by slobberchops (81)$0.00
Reply 3
Sort: Trending
[-]bpcvoter2 (-5)(1) 4 days ago · Will be hidden due to low rating
NO DOWNVOTES FOR MARKY MARK'S SELF VOTING !WEED
https://hive.blog/life/@slobberchops/re-gogreenbuddy-sdr1wb
https://www.publish0x.com/the-dark-side-of-hive
https://www.reddit.com/r/stoptheabuseonhive/
https://peakd.com/hive-164833/@bilpcoinbpc/you-have-all-witnessed-this-account-being-downvoted-to-a-negative-reputation-for-no-reason
SHAME ON YOU ALL SAD PEOPLE WHO SCAM LIE AND FARM HIVE AND HIVERS
[-]acidyo (82) 3 months ago
Haha at "I shouldn't make commercial" :D Maybe something to worry about when you have more youtube subscribers! Quite interesting content though, these things should get more subs on there and here.
$4.28
1 vote
Reply
[-]gogreenbuddy (67) 3 months ago
Yeah thought that was funny too
$4.54
4 votes
gogreenbuddy: $4.47
acidyo: $0.06
holbein81: $0.01
koleso: -$0.00
https://hive.blog/life/@gogreenbuddy/i-had-to-give-up-on-my-gabion-fencing-too-much-work
@themarkymark @buildawhale @upmyvote @ipromote @gogreenbuddy @usainvote @punkteam @makerhacks @apeminingclub @leovoter @blockheadgamds @rollingbones farm @cwow2 @solominer @steevc @adm @abit @theycallmedan @dalz @abh12345
HE MAKES CURATION REWARDS WITH ALL HIS ALT ACCOUNTS BURNING TOKENS LIKE THIS DOES NOT TAKE OLD TOKENS IT MINTS NEW ONES AND BURNS THEM
https://hive.blog/hive-167922/@bilpcoinbpc/the-power
https://www.bilpcoin.com/hive-167922/@bilpcoinbpc/the-power
https://www.bilpcoin.com/hive-167922/@bpcvoter1/response-4-to-themarkymark-marcus-buildawhale-usainvote-ipomote-leovoter-gogreenbuddy-and-over-100-of-his-alt-accounts
Credit: lolz.burner
Earn Crypto for your Memes @ HiveMe.me!
Here is a detailed summary article about the key topics discussed in this episode of the Community Token Talk Podcast:
Bitcoin Maxis and the Centralization Trap
The hosts engage in a deep discussion about the problematic mindset of many Bitcoin maximalists (or "Maxis"). They argue that these Maxis are too focused on the price of Bitcoin going up, rather than ensuring Bitcoin actually delivers on its promise of freedom and decentralization.
The hosts assert that Bitcoin Maxis are creating a system that will inevitably lead to greater centralization and wealth inequality. By advocating for high transaction fees on the Bitcoin base layer, they are pricing out the average user and forcing them to rely on centralized, KYC-compliant layer-2 solutions like the Lightning Network.
"If you're pro deflation, if you're pro cap, you're pro high fee. Period. If you are pro low fee, you're pro inflation. There's no other two ways about it," one host states. They contend that this will result in a two-tier system - one for the wealthy who can afford the high base layer fees, and one for the masses who will be relegated to the centralized, controlled layer-2 infrastructure.
The hosts argue that this goes against the core ethos of Bitcoin as a tool for freedom and financial sovereignty. They assert that Bitcoin Maxis are more concerned with getting rich than actually solving real-world problems of financial inclusion and censorship resistance.
The Need for a Decentralized, Non-KYC Stable Token
As an alternative, the hosts propose the idea of a decentralized, non-KYC stable token that can be easily earned and distributed to the masses. The key features they envision are:
The hosts argue that this type of system, built on incentivized infrastructure, could truly empower the unbanked and underserved populations around the world. By distributing this token widely and allowing people to earn it, the network effect and value of the token would grow organically.
In contrast, the hosts see Bitcoin's high fees and reliance on centralized layer-2 solutions as a recipe for continued control by the elite and powerful. They urge Bitcoin Maxis to reconsider their approach and focus on building systems that truly prioritize freedom and financial inclusion for all.
The Dangers of Unchecked Wealth Concentration
Throughout the discussion, the hosts express concern about the wealth concentration that could result from Bitcoin's current trajectory. They warn that a small group of Bitcoin holders becoming extremely wealthy, while the masses are priced out of self-custody, is a recipe for social unrest.
The hosts argue that this type of wealth inequality, where a tiny elite control the majority of the wealth and power, is fundamentally at odds with the principles of freedom and decentralization that drew many to cryptocurrencies in the first place. They caution that if left unchecked, this could lead to a backlash against the Bitcoin community.
Overall, the hosts make a passionate case for rethinking the Bitcoin narrative and building systems that empower the many, not just the few. They believe that a more equitable, decentralized approach is not only morally right, but also crucial for the long-term sustainability and success of the cryptocurrency ecosystem.