Monero Bros: Bitcoin hashrate is centralized due to pool concentration.
Monero: >50% of hashrate centralized in 3 pools.
🤡.
ShiShi21m
shishi@nostrplebs.com
npub1ugnq...898l
Open Source Defender ⚔️🧡
What Ethiopia is doing with Bitcoin miners right now is the perfect example of how Bitcoin can help nations deal with their electric supply shortcomings.
In Ethiopia it's a drought that's causing power issues.
In Texas a couple years ago it was extreme cold that caused power issues.
I'm both instances, both would've been worse off to deal with the crisis if Bitcoin miners didn't build out infrastructure.
Anyone hating on @Oshi for accepting Monero is an idiot.
Anyone who doesn't accept all forms of payment for their services is an idiot.
Publicly grandstanding claiming you've rejected sales in a currency people are offering you makes you a grand-idiot.
I accept fiat currency for my services & convert it into Bitcoin.
It's what you end up in, not what you receive.
Unpopular opinion:
The best savings tool the world has ever seen shouldn't be transacted in daily (as of today).
If you can setup a single sig wallet, you can setup a multisig wallet.
I'm not a Bitcoin Maxi.
I'm a best tool for the job Maxi.
How that coincides has everything to do with lack of alternatives that exceeds the properties I'm after.
It's not tribalism if it's merit based.
PSA: Hold your Bitcoins in a 3of3 multisig with backups for each seed in 3 separate safety deposit boxes, where 2 out of the 3 seeds are in each, where one box being corrupted doesn't affect you whatsoever.
If you can't do this, you should use a Bitkey, adding as many emergency contacts as you can, as well as maxing out the number of fingerprints you can add to the device itself.
For large stacks that affect net worth:
Keep the Bitkey in a safety deposit box.
Keep a smartphone with the app in a separate safety deposit box.