Demand for BTC remains deeply negative at the moment, according to CryptoQuant. https://t.co/Yhg1Umoiia
Demand for BTC remains deeply negative at the moment, according to CryptoQuant. https://t.co/Yhg1Umoiia
ETF FLOWS: BTC, ETH, SOL and HYPE spot ETFs saw net outflows on June 25.
$BTC: -$696.29M
$ETH: -$81.87M
$SOL: -$3.94M
$HYPE: -$4.64M https://t.co/b6UJcs4bIc
Goodwill is Not a Security Model.
Bitcoin privacy at the base layer would resolve more of Bitcoin's internal political conflicts than people give it credit for.
The entire Bitcoin Knots debate, the argument over whether nodes should be able to filter and discriminate against certain types of transactions like ordinals or inscriptions, only exists because transactions are visible enough to categorize and judge in the first place.
If the base layer had meaningful privacy, you simply couldn't tell which transaction was a JPEG, which was a hundred-dollar payment, and which one came from somewhere on a sanctions list.
A genuinely censorship-resistant system should be structurally incapable of discrimination, not merely committed to not discriminating as a matter of current policy.
The moment a system can see and categorize transactions, it becomes a system where the only thing standing between you and selective censorship is the current goodwill of whoever is running the nodes and mining the blocks .
Goo
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.