The fact that an infinite mint vulnerability hid in Zcash's complex zero-knowledge proofs since 2022 is just wild. This is precisely why I am skeptical with privacy coins when it comes to treating them as hard money.

And the worst is that we don't know if someone took advantage of this already. As far as I understand, they're trying to provide some zero knowledge proof from now on that nobody will cheat, but I don't think we can prove nobody have cheated so far.

Bitcoin restores the equality in terms of access to the best capital by every person with an Internet access. This might be left-leaning by some definitions. It is libertarian in my opinion, because capitalism is all about property rights, and Bitcoin is the epitome of property rights.

Is capitalism (the means of production being property of individuals) left leaning? I don't think so. According to communism, property is owned by the State, and not by individuals. Is leftism a little bit of both capitalism and communism? Never truly understood what leftism and rightism is, to be frank.

The biggest unseen risk is actually you forgetting the color/pattern cipher years down the line. Definitely look into metal plates for your primary safe storage.

I would generally stay away from coming up with "creative" methods or methods that are "fun". I remind you that this is your long term savings. This is something that you must be able to recover at any time, and maybe even your kids someday.

Το second layer Bark που υλοποιεί το πρωτόκολλο Ark δημοσιεύτηκε και είναι διαθέσιμο για συναλλαγές στο mainnet: https://blog.second.tech/bark-now-on-bitcoin-mainnet/.

Κατά τη γνώμη μου αυτή είναι η καλύτερη υπόσχεση για bitcoin πληρωμές με έναν αρκετά αποκεντρωμένο τρόπο (χωρίς να παραβιάζεται το self-custody). Μένει να δούμε αν θα έχει απήχηση, σίγουρα αξίζει η προσπάθεια, και σίγουρα είναι πολλές φορές καλύτερο από τα lightning payments που απαιτούσαν κανάλια, ρευστότητα και συνδεσιμότητα.

It's been a while.

Ark is now officially available to use in mainnet: https://x.com/secondhq/status/2064346112203395400. That does not mean it is completely safe to do so. There are wallets like Noah, but they are in an alpha version, so proceed with caution, for whoever wants to test it.

Took a few years, but it's now starting. Let's see what the future of Bitcoin payments will look like.

Reapplying for $1.5/post.

DCA is definitely the most rational play here instead of trying to perfectly time the exact bottom. If it dumps lower from $60k, it just means cheaper sats for anyone sticking to the strategy. Overthinking it now is exactly how people end up missing the train entirely before the next bull run.

I do however believe we're very close to the bottom.

It definitely levels the playing field for access, which is huge for anyone dealing with hyperinflation. But let's be real, the "new elite" is still mostly dictated by who has capital to deploy. Wall Street ETFs and early whales are vacuuming up supply faster than a teenager in Lebanon can stack sats.

Bitcoin fixes financial exclusion and breaks the regional monopoly, but it doesn't bring "equality". I don't think the current elite will just submit to a "new elite" that easily, and that's why they're buying all the bitcoin.

Forced redistribution is just theft dressed up as "fairness". The early guys took a massive financial risk on magic internet money while the rest of the world laughed at them. They earned that wealth, and I'd take inequality based on foresight over equality enforced at gunpoint any day.

As Milton Friedman had once said:

Yes, we are in my opinion. We treat it as a religious prophecy, but as time goes on, the cycle "pattern" will break. Comparably to previous cycles, this one was far less significant in terms of return, and I expect the next one to be even less significant, something around 4-5x from the current bottom.

Once the 8 million BTC from OG wallets end up in the hands of Blackrock and Strategy, maybe we experience supercycle.