Ben explained this to me at the El Salvador conf. It's clever: basically, the offline device and some remote server have an ECDH shared secret. When the customer requests an invoice, the offline device generates it and gives a secret *encrypted to the ECDH key*. The customer sends that to the server with the payment, the server decrypts, and sends the customer back the one-time secret/pin which they enter into the offline device as proof. Neat.
When they're new, they really think "I can make money trading this thing". Chances are they won't.
Do what you can to guide them away from gambling with their life savings.
Bitcoin is savings, not a gamble.
Hence, BSP - Bitcoin Savings Plan
@dowodenum lol
@Limburg3rt "i know this looks bad.. But itll soon get much worse!" (Bear market edition lol)
Inflation is transitory, they told us. No Bitcoiner believed that. Now the staff of the ECB is demanding higher wages, because of inflation. This all is a joke.
Of COURSE they have
Twitter bans largest Ghislaine Maxwell trial tracker account, @TrackerTrial
The tech giant purges a major source of information on the high profile trial.
https://reclaimthenet.org/twitter-bans-ghislaine-maxwell-trial-tracker-trackertrial/
@anita host4crypto
If the new German government coalition contract requires open-source software for public/government projects, then does that mean it requires the monetary system, which they require all citizens to use, to be open-source, or at least interoperable with open-source software and money?
The answer will obviously be "no", which is how you know what actually matters for central planning and control. Your public school's video conferencing app does not.
@Shadowman311 wtf