The Sat Standard - May 15 2023

Thought of the week from Marty Bent:‌‌‌
Those who tell the truth are going to benefit massively during the transition away from the fiat system. For many it's hard to do now but as people continue to begin to realize they've been rugged and lied to they will look to the truth tellers.

Thought of the week from ODELL:
A node is required to interact with the global bitcoin network - if you do not use your own node then you must trust someone else's node. If nodes become inaccessible to run then the network will centralize around the remaining entities that operate them - threatening the censorship resistance at the core of bitcoin's value prop. The bitcoin protocol uses three main mechanisms to keep node operation costs low - a fixed limit on the amount of data in each block, an automatic difficulty adjustment that regulates how many blocks are produced based on current mining hash rate, and a robust dynamic transaction fee market.

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