Hynek

Public Key

npub1lz8xv2dnyryrk4vswkcgf52vqqzruqwuyp53s7pvusx4fef9fh2s7hh86s

NIP-57 Address

hynek@walletofsatoshi.com

Profile Code

nprofile1qqs03rnx9xejpjpm2kg8tvyy69xqqpp7q8wzq6gc0qkwgr25u5j5m4gpzpmhxue69uhkummnw3ezuamfdejsz9nhwvaz7tm4d438yetv9ekx7cmpdsargwp58q08jthc

Publishing to

nostr.wine

umbrel.local:4848

Author Public Key

npub1lz8xv2dnyryrk4vswkcgf52vqqzruqwuyp53s7pvusx4fef9fh2s7hh86s

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Last Notes

2025-06-17 06:21:52

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Yes. We call it social backup and considering to store this data onchain to be sure you will not lose them

2025-06-11 09:11:53

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No lies detected 👍

2025-06-05 17:55:24

Agenda for dev/hack/day is amazing.
Mainly morning of Prague East room.
https://btcprague.com/wp-content/uploads/2025/04/dhd2025-agenda-v1.pdf

2025-06-04 18:57:41

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Thank you.. I'm testing Nostur right now. Damus stopped working to me.. worstly the notifications..

2025-06-04 16:44:39

Sometimes I miss interesting content on the feed. What kind of clients do you like the most in terms of the algorithm for suggested posts?
#asknostr

2025-06-04 16:42:35

Stablecoins have huge business potential. 🌋
They bring some of the advantages of bitcoin and request smaller leap for people. People think in the same currency and receive more options.
Still, I can’t shake a certain bad aftertaste. 🤢
Bitcoin doesn’t appeal to me because we want to improve fiat. I consider fiat a criminal tool for robbing the uninformed — people who naively save in it their whole lives and never actually accumulate anything. An asset the state can block, devalue, or outright steal at any time.
If a stablecoin ecosystem is successfully built, I believe it will be even harder for people to leave the polished cage.
There is only one Bitcoin. Stablecoins are a polished fiat (scam).

2025-05-31 10:20:13

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You have a great point, but I think it’s also fallacy. I’ve tried to express it here:
https://github.com/hynek-jina/Hynek/blob/main/blog/Is%20it%20time%20to%20pay%20with%20bitcoin.md
Or here in czech here:
https://jednadvacet.org/je-na-case-platit-bitcoinem/

2025-05-31 09:52:05

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Prices need to be informative, not necessary stable

2025-05-31 06:15:12

**Your wealth is fading silently **
The obsession with "store of value" alone isn’t healthy. It’s much better to embrace all three characteristics of bitcoin at once.
- 💭 Think in bitcoin, so you get real insight into how the value of your assets is evolving.
- 📈 Save in bitcoin, so you don’t lose your wealth.
- 💪 Pay in bitcoin, so no one can stop you from doing so.
Read the full article here:
https://github.com/hynek-jina/Hynek/blob/main/blog/Your%20wealth%20is%20fading%20silently.md
…and let me know in the comments what you think.

2025-05-30 08:43:11

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Thx.. I’m very interested in some demo..

2025-05-30 08:23:20

This looks interesting. Is it valid or another bullshit? 🤔
https://xcancel.com/tierotiero/status/1927724597266571282

2025-05-29 17:26:17

Stable coins are the very same shit as fiat

2025-05-29 05:41:54

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Nostr jako sociální síť u nás nikdo moc nepoužívá. Nicméně je dobrá šance, že ho využijeme jiným způsobem. Například při komunikaci více Suit mezi sebou. Konkrétně třeba bezpečná výměna adres bez nutnosti interakce uživatelů.

2025-05-27 06:49:50

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Yes.. but..
How it started:
#note1arm…v8f2
How it continues:
https://image.nostr.build/9477410fe9477d846770b016ad72dd8097da224f484ccb55fc9dd73f7b67668b.jpg

2025-05-22 16:18:11

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It’s obvious red flag 🚩

2025-05-22 06:03:29

Come to BTC Prague 🔥
You probably already now a lot about bitcoin. But you can always discover more on dev/hac/day. Or network on the conference itself.
I'll be at BTC Prague on all days, including dev/hac/day. We can chat about various topics. I'm most interested in projects that help with p2p adoption of bitcoin without KYC. 🚀
- 🏷️ The promo code HYNEK gives you 10% discount
- ⚡️ Another 5% discount applies when you pay with bitcoin
DM me if you want to meet and we'll work out the details.
https://btcprague.com/

2025-05-22 05:39:51

My friend recommended me to round up to hundreds of sats when paying in bitcoin. I may pay few peanuts extra that way, but I like the effect of it suddenly not being a random string, but a much more understandable number. When paying repeatedly (ie for lunch), you can see how both parties perceive the sats amounts right away after a few repetitions.
I remember cheap lunches at 16,000 sat, today even 8,000 sat for lunch seems too much.

2025-05-22 05:31:55

I love this developer:
https://github.com/trezor/trezor-suite/issues/10724#issuecomment-1898957968

2025-05-22 04:33:00

What do you do when the bitcoin reached new ATH?
Keep earning bitcoin, right?

2025-05-18 16:40:54

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Ignore the noise.

2025-05-18 13:49:53

Anyone having experience with https://shockwallet.app/ ?

2025-05-18 13:37:48

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Why people want to be robbed?

2025-05-18 08:37:34

@npub1hcw…h9rq is coming back to USA as self-custody wallet
https://xcancel.com/walletofsatoshi/status/1923875750165479768

2025-05-16 13:53:06

Xapo bank is introducing Bitcoin beneficiaries → inheritance plan
https://xcancel.com/xapobankapp/status/1923372680226508934

2025-05-16 09:27:14

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Stát je mafie

2025-05-16 07:10:34

Trezor Suite 25.5.1. has increased fee rate granularity. It’s better adapted to current low fee environment, but works even in other scenarios.
You can set your desired explorer to for example @npub18d4…6lt3.
We have renamed `bump fee` to `speed up`. Following industry pattern just like for example @npub1jw7…35fg does.
The Suite now closes instantly, which also makes it easier to quickly hide it in shared or public spaces. There are many other improvements - maily small UX fixes.
You can demand the update in settings.
Join early access program if you don’t want to wait till next week with the release.

2025-05-16 06:06:10

Výborný článek - Kdo žije v kultu?
https://medium.seznam.cz/clanek/ivan-warp-bitcoineri-vs-kritici-kdo-zije-v-kultu-148317

2025-05-16 05:54:50

- 😥About the third cryptocurrency-related kidnapping attempt in 🇫🇷 France this month.
https://x.com/BGatesIsaPyscho/status/1922241946031923339
- 😥 Coinbase data breach from yesterday
https://www.bleepingcomputer.com/news/security/coinbase-discloses-breach-faces-up-to-400-million-in-losses/
KYC is very dangerous! Bitcoin is P2P, use @npub1mft…rkl3 if you don't have bitcoin friends...

2025-05-12 11:51:17

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Currently they are checking the interest. So please join if you like the idea. LN support can be added later 👍

2025-05-12 11:26:37

Interesting new service (PoC and 🇨🇿 only)..
https://www.bitplatby.cz/
You top up bitcoin and set the regular fiat payments. Service cut your bitcoin balance and pay for you..
So you can hodl as long as possible and potentially not having fiat account at all.
Btw. they claim it's regulatory feasible without KYC.

2025-05-11 07:54:18

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Do people still use Google?

2025-05-10 13:38:27

Privacy is very underrated…

2025-05-08 17:00:23

Comparison of ⚡ LSP and ASP based on simulations.
https://blog.second.tech/ark-liquidity-research-01/
Lightning performs generally better at spending, but Ark has advantages in saving scenarios.
Since Ark is “more onchain” it could work better with Trezor 🤔

2025-05-08 16:56:41

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Bitcoin doesn’t care

2025-05-02 17:47:42

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In some areas I do it already, but for example with tax payments I am still afraid to face the evil…

2025-05-02 17:02:43

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Wau. Yet another rabbit hole ahead

2025-05-02 16:56:31

I got an offer today to give a keynote at ETHPrague on topic "What I don't like about Ethereum"...
I'm actually kind of tempted.. 🤔
It’s a distraction, but could be fun…

2025-05-02 16:51:49

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It’s eye opening, yet kind of hard to process.

2025-04-28 06:18:29

What’s the point of having “fuck you money” when you don’t say fuck you…
https://fountain.fm/episode/38bUAZr7kUhyT1MqalpD

2025-04-25 08:30:42

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👏 Krásně se to rýsuje

2025-04-23 14:47:55

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I didn’t get how it works from the website, but stablecoins are red flag 🚩

2025-04-23 14:44:45

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Exactly 👍

2025-04-23 06:20:40

@npub1nyy…7gan has a lot of great features, but I would be worried if it gained traction and the masses relied on such a leaky security model.
https://image.nostr.build/4fbd7f9846c8731336e97e634042a60f1fb8c9edb7f47a0d8ea478ba4b5b9b1a.jpg

2025-04-23 05:51:47

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I’m not sure, but I think you are right

2025-04-21 10:50:04

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Looks very similar to Mercury. Potentially offering better trade off. Best use case could be transfer of opened LN channel.

2025-04-20 16:01:26

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There are no tokens involved

2025-04-20 10:55:36

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You lock your bitcoin. Based on that receive the fiat. Once you pay back your bitcoin will be unlocked. If you don’t pay back you can lost your locked bitcoin. It’s 2/3 multisig between you, counterparty and firefish (mediator).
If the price of bitcoin dumps you are prompted to increase collateral. In the worst case you will keep your fiat and counterparty gets your bitcoin with nice exchange rate 🥲

2025-04-20 06:15:52

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Product is live. See for example https://firefish.io/

2025-04-16 04:53:42

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Visit one bitcoin meetup and use @npub1mft…rkl3

2025-04-16 04:47:35

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Patents could make sense if the parties agreed on terms, but that’s not the case.
Commonly it feels like someone share his nudes and then potentially sue anyone who is watching.

2025-04-14 18:35:40

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That’s why we use dedicated account for that in Trezor

2025-04-13 15:47:16

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Cool 🔥
How can I test it?

2025-04-04 05:57:40

Nice usage of offline lightning ⚡️ payments at honey 🍯 ATM
#note1836…dhq5

2025-03-27 12:55:53

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Do you have a table of content?

2025-03-23 19:30:38

Ark on signet feels good…
https://docs.second.tech/getting-started/

2025-03-21 18:05:34

https://image.nostr.build/27e94e1b34f5d1a737b192855f692c299edc536cb1829444d363c5cd99f0bc8a.jpg

2025-03-14 05:11:23

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Yes. It makes a lot of sense to detach payment and settlement.
And cashu seems to be natural payment protocol. It will became the default.

2025-03-09 17:39:33

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Why would anyone want to pay taxes?

2025-03-08 17:12:00

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You are right it’s not a big problem per se. But I think it might be important building block.

2025-03-08 08:28:34

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Nice,
But do you feel like you have to decode every emoji now, too? 😂

2025-03-08 08:19:19

Cashu is for peanuts…

2025-03-08 04:52:05

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Everyone can help with sovereign adoption

2025-03-08 04:25:12

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Yes

2025-03-07 19:28:53

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Still Signal, but SimpleX looks also promising…

2025-03-07 14:05:05

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Yes, Settle Up is cool.. I would be interested in some p2p solution. Not based on groups, but p2p connections..
Have you seen something like that by any chance?

2025-03-06 20:52:20

This looks interesting:
https://cowbolt.com/

2025-03-06 12:25:29

Great bitcoin adoption report by River:
https://river.com/learn/files/river-bitcoin-adoption-report-2025.pdf

2025-03-06 05:21:04

It's kind of funny how is everything USA instead of decentralized today 🍿 https://image.nostr.build/8cca6fab50fdf27798a7f388570a54fa9fefd5a5f5643104595437f969cc25f1.jpg

2025-03-04 19:35:48

This is the way. #note1x6c…edyj

2025-03-03 13:33:18

This #note12j0…ftw2

2025-03-02 08:31:26

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It is legit. Developed by SatoshiLabs - just like Trezor for example.

2025-03-02 08:17:08

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What do you mean?

2025-03-02 06:16:14

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Or use free https://vexl.it/

2025-03-02 06:15:13

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Bitcoin is fine, but it could help us

2025-03-01 20:21:24

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I'm not aware of a specific plan at Trezor.
But my personal plan is to explore the possibilities of verified contacts, forwardingverifiedonchain addresses via nostrrr and then building a p2p network:
#note174q…d5y4

2025-03-01 19:46:09

Basic nostr integration was merged to Trezor firmware - in debug mode so far.
https://github.com/trezor/trezor-firmware/pull/4436

2025-02-25 21:18:54

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Nice

2025-02-25 16:34:29

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USD sucks. That’s why we bitcoin

2025-02-24 06:26:08

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Thanks. It looks compatible. I was thinking about local storage. Since I don’t need to publish the proofs 🤔

2025-02-24 05:32:50

I see verified contacts as the most important feature to develop right now. It may not seem revolutionary on its own, but I believe it is a fundamental building block for a resilient P2P network.
- You verify your contact’s identity (npub) in your hardware wallet.
— This is best done offline. You don’t need many contacts, just ones you fully trust.
- When sending an on-chain transaction, you use an address signed by that contact.
— This means you don’t need to check the address on your HWW, just the human-readable name tag.
- The verified contact’s address can be automatically retrieved in the background.
— We tested this using Nostr in our prototype, and it worked well.
- The same approach can be used to verify anything else.
— For example, LN invoices or Ark addresses.
- This could also enable:
— P2P marketplaces
— Social backup
— Trust-based scaling #note174q…d5y4
Ideally, a high-quality standard would emerge that various HWWs could adopt. This would allow deriving backups for any hot wallets, and verified contacts could be used consistently across all applications.

2025-02-23 19:58:04

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I have an idea, but not working specifically on this part of it right now.
1: Derive contacts (npub/npriv) from seed (ready in Trezor)
2. Verify offline your trusted contacts (TBD)
3. Derive shamir that leads to the same result as initial seed (already working in Trezor)
4. Encrypt these shares with previously verified contacts
5. Store it securely - there are more options with various trade-offs- it could be shared directly with your verified contacts, it could be recorded on blockchain (that enables automated health-check, but you can’t remove the trusted contact later on), or you can store it on your(or trusted) node/server → that enables later changes and health check - server can’t misuse these data since they are encrypted.

2025-02-23 11:51:45

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Good point

2025-02-23 08:20:49

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I’ve seen estimates suggesting that around 200 million people own some bitcoin, but only about 10% of them hold it in self-custody.
If roughly 2.5% of the world’s population has some bitcoin, I assume they, on average, hold only a small portion of their cash in it.
So, I agree—the potential is huge, and bitcoin is accessible to anyone. 🤯
However, even if your savings increase tenfold, there are more efficient ways to build wealth.
My main point is you shouldn’t kidnap bitcoiners—there are wealthier targets out there. 🫥

2025-02-23 07:59:23

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Basically anything you save from month to month can be stored in bitcoin

2025-02-23 06:55:45

People often think that if you have bitcoin, you must be rich.🤑
But just saving a bit of what you don’t consume doesn’t mean you’ll be wealthy. A moderately successful entrepreneur who has never even touched bitcoin will likely be better off than an average bitcoiner.
Bitcoin brings freedom and protection against poverty, but the days when it made people wealthy are long gone.

2025-02-23 06:45:56

Speculating on the price of bitcoin is a distraction. If you're not willing to go all in, it's hardly worth it. The most common advice is #DCA, but I recommend going all-in with #GetOnZero.
If you have an income that covers your needs and you believe bitcoin is better than fiat, then keep everything in bitcoin and stop worrying about nonsense.
I've been doing this for several years, and it's incredibly liberating. It also comes with many other benefits, such as:
- You’ll learn to use bitcoin more effectively
- You’ll always prefer paying with it
- You'll start building a network of bitcoiners around you - especially within your family.
- You'll be able to help people because, with your established network, you can - for example, send something to your mom, knowing you have several other people to replenish your bitcoin supply.

2025-02-22 16:19:45

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Solidní program 💪

2025-02-22 07:32:56

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Btw institutions are taking cut from this staking → even more money are transferred from individuals to institutions..

2025-02-22 07:31:57

ETH price denominated in real money in last year…
It is more than 50% loss.. But ethereans get circa 5% back in staking 🎉 https://image.nostr.build/85c34d29fd294e51a5d9cf343cf8a6a882042a88933a4b0aa4f5556b63e2532b.jpg

2025-02-21 19:12:28

It feels like every application is addictive in its own way.
I can sense how, with almost every use of a custodial wallet, my vigilance decreases, and I become more comfortable keeping larger amounts there. Switching away from it gets increasingly difficult.
Cashu wallets offer an easier transition between banks… but I still miss a smooth path to self-custody. It almost seems like if you don’t start with self-custody from the beginning, it becomes more distant rather than closer over time.
How do you see it?

2025-02-21 15:37:34

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Governments are evil…

2025-02-21 06:52:36

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It depends on what you count as costs.
I think that p2p is cheapest in both terms. Money-wise and transaction costs too.
KYC can bring astronomic costs…

2025-02-21 06:11:24

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P2P. @npub1mft…rkl3 can help with that…

2025-02-18 17:03:37

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Cashu.me

2025-02-17 18:57:44

This article is really amazing and fascinating.
https://waitbutwhy.com/2016/03/cryonics.html
One of the reasons why we should hurry with the bitcoin adoption, so we can use the energy to other topics later on.

2025-02-17 16:46:57

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Isn’t the solution in decoupling of issuance and settlement?
#note174q…d5y4

2025-02-17 11:56:13

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Not enough yet

2025-02-15 08:55:20

https://stacker.news/items/180715/r/hynek

2025-02-15 08:35:53

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Trezor for onchain savings. For spending probably @npub1xnf…lpr5

2025-02-14 16:40:38

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I’m looking forward for your insights