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Red Panda
Member since: 2026-08-07
Red Panda
Red Panda 19h

If we didn't live in a world with price controls, the USD to BTC price should have been a lot more volatile the last 24 hours. More evidence its just another form of fiat at this point.

Red Panda
Red Panda 1d

There has never been as high a demand for sound money as today.

Red Panda
Red Panda 5h

Interesting how when you assume I wouldn't sell my bitcoin and I inform you I did, you pivot to I must not have a lot of money. As if calling someone poor is an "own" of some sort. Let's assume you are correct, that is kind of elitist isn't it? I suppose its no wonder you do not care about raising the cost for node runners in places like Haiti, or other impoverished nations. You've shown your true colors.

Red Panda
Red Panda 6h

Lets be honest, it was probably an email drafted by an executive assistant at some fund that informed the regulated mining companies. Larry Fink ain't got time for that shit himself.

Red Panda
Red Panda 6h

6 months ago I would agree. I don't think I do anymore. I think "starting fresh" could actually be a great tool in our toolbox, especially as more of the world's population realizes that fiat is corrupt and more people are educated on sound money. If your running any other type of network and it becomes so corrupted with virus, spam, spyware, etc., sometimes as a last ditch effort you just need to wipe everything and start fresh. I don't think this is anything different. The value in bitcoin doesn't come from the historical ledger. It comes from being scarce, sound, and not easily confiscation. If it becomes so corrupt, it creates a demand for a ledger that isn't corrupted. Any ledger, whether new or not, that provides a less corruptible list of transactions (ie more sound) will have more value by definition. A brand new ledger created tomorrow, that upholds all the sound money principles bitcoin used to uphold, will be infinitely more valuable (perhaps not yet realized) than the current iteration of corecoin. It may take years, decades, or even a century for that value to be realized, but by basic definitions of money it carries more value.

Red Panda
Red Panda 6h

Sold already. If I want exposure to corecoin, it would be better at this point to just go to the source of ownership and buy a BlackRock mutual fund IE MABAX or MALVX or a Vanguard fund. It's just a derivative product from wall-street now. Probably will just buy gold and silver until a hardfork.

Red Panda
Red Panda 14h

25% of nodes signaled they wanted the BIP to be enforced. 75% of nodes signaled they were fine either way. 0% signaled a URSF. It is by definition a 51% attack on the network by miners. It is sad, because you will see many sheep continue to believe this iteration of bitcoin is decentralized, when it is in fact controlled by whomever controls the leadership at a few large regulated mining pools.

Red Panda
Red Panda 19h

Its clear users don't have any say in the network. We got a very clear answer on that. Storing data on a monetary network is the modern, digital version of coin clipping. In 2026, there exists no money on the planet, digital, fiat, or otherwise, that has sound principles.

Red Panda
Red Panda 1d

I am somewhat relieved the UASF did not pan out. After observing the last few months, my preference has shifted from wanting BIP-110 to succeed to desiring a hard fork. I think a proof of work change is necessary. It is clear that regulated mining pools and tradfi have captured bitcoin. Satoshi only made two more forum posts after he posted this: "It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us." I think he knew what was coming and understandably sought anonymity. IMO a proof of work change was probably needed quite some time ago. The Byzantine generals should not have been deciding when to attack, but when to retreat. I hope that discussions for whether or not a proof of work change is proposed occurs on github discussions, nostr, or somewhere else without retarded kyc. Discord, X, Telegram all require a phone number verification, which is dumb.

Red Panda
Red Panda 19h

It is proof that the current bitcoin network is just fiat 2.0. Its a good thing. We know that all the influencers in the space are just digital versions of your everyday wallstreet bro. This is valuable information. It allows our focus to be on seeking out a money that does have sound principles. The value of coins on the current network won't go to $0 fiat, but it will be price controlled and institutions will slowly bleed everday people dry, just like they have for hundreds of years with fiat. Your wallstreet bros will continue with their hype and price predictions and silly shenanigans while normal people get bled dry. Eventually it will be evident that the only nodes on the network are controlled by institutions, because the everday Joe doesn't want to commit resources to supporting a network that is captured. All of this is valuable information to those who still want the world to have sound money. Eventually we will. They can kill the current iteration of the network, but they can never kill the ideas behind bitcoin.

Red Panda
Red Panda 19h

you had the choice of two different versions of knots. One signalling for RDTS and one not.

Red Panda
Red Panda 19h

Good luck stopping the cap increase that is incoming.

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