Parman - Activate OP_GFY now!!

armantheparman.com

Bitcoin self-custody mentor, and writer.

Public Key

npub1ltt9gry09lf2z6396rvzmk2a8wkh3yx5xhgkjzzg5znh62yr53rs0hk97y

NIP-05 Address

parman@nostrich.cc

NIP-57 Address

dandysack84@walletofsatoshi.com

Profile Code

nprofile1qqs044j5pj8jl54pdgjapkpdm9wnhttcjr2rt5tfppy2pfma9zp6g3cpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg7waehxw309aex2mrp0yhxummnw3ezucnpdejz7arjw4ehgetyqukcuk

Publishing to

relay.primal.net

relay.nostr.band/trusted

primal-cache.mutinywallet.com/v1

Author Public Key

npub1ltt9gry09lf2z6396rvzmk2a8wkh3yx5xhgkjzzg5znh62yr53rs0hk97y

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Last Notes

2024-11-23 14:57:25

A friendly rant about early Bitcoin adoption...
I've come to accept that bitcoin is going to succeed, and by logical definition, not everyone can be "early" - because being early is relative to other people; it's an ORDER thing, not temporal.
Whether the whole world adopted it in one year or 10, the order they adopted bitcoin matters to the meaningful advantage of being "early".
And so, we can't make more people early - that doesn't make sense. All we can do is ...
1) Affect the order of who is earlier than others, preferably prople we care about - so don't spend too much time on idiots, haters, rude people, or socialists. Let natural selection do it's thing, or in other words, use "HFSP" judiciously.
2) Help Bitcoin adoption along, but maximise your impact, again, with judicious use of HFSP.
3) Make the world better in some way 🧡 - Bitcoin will be more valuable the better the world is.

2024-11-16 03:09:52

The more fucking around that happens, the more finding out that happens

2024-11-16 00:14:21

Despite my mission to teach self custody, I accept that holding your own entire wealth is not for everyone - it's OK, really...
I always say, expecting everyone to learn the skills of banking and security is unrealistic and goes against the benefits of having money in society.
Money helps us escape the inefficiencies of barter, and allows everyone to specialise in what they are good at, rather than doing everything themselves.
Banking, like baking, dentistry, or building - is just another skillset, and time drainer.
The existence of Bitcoin banks will not mean that the purpose of Bitcoin has been corrupted or has failed ...
Bitcoin wasn't created to end banks. It's fixing the money - so they no one can create it for free and scam humanity.
Yes it means that some will engage in fractional reserve, and yes that has the*effect* of increasing the money supply, but it's acceptable...
Whatever the increase, it has an anchor to the real fixed supply, and can't keep growing, because as it does, bankruptcies increase pulling it back to reality. Free markets, baby, accept it.
This natural market force, with some people fucking around and finding out, doesn't mean there is any sacrifice to the main mission. We would still have sound money, and have ended central banks (yes self custody TODAY helps defeat them, but that is for the "then they fight you" stage, not the "then you win" stage).
We, the earliest Bitcoiners, have the responsibility to hold our own coins, but also the opportunity to be the custodians of the future, if we so choose. There will be fierce competition, no monopolies, with a myriad of black and white market options that can't be stopped.
People will have the choice to use services for convenience, and won't have to rely on a small handful of custodians to hold all their wealth, they can diversify, OR, is their wealth justifies/demands it, can call someone like me to mentor them to learn self banking skills and extreme security (excuse the smol plug).
Why should the poorest people with 5 sats to their name be concerned with security or the ability to open their own lightning channels? I hope this part is obvious, not going to elaborate.
Rant over. Getting up to a gorgeous day of winning.

2024-11-05 14:48:50

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hahahaha yes

2024-10-30 23:42:59

A quick explanation of how to assess a Bitcoin miner for profitability...
Let's take the S21 Pro.
It has a hash rate of 234 TH/s. The world is hashing at 750M TH/s, so that machine will contribute to the following fraction of the world hash rate...
234/750,000,000 = 0.000000312
Cool.
That means, if left on all day, it should generate the total world bitcoin reward for the day multiplied by that percentage...
450 bitcoin x 0.000000312 = 0.00014040 bitcoin (14,040 stats)
So the S21 Pro produces 14k sats per day if left on.
The next question is how much that costs per day.
The machine is rated at 3510 Watts, or 3.51 kW, 3.51 kilojoules per second.
Electricity prices are in $/kWhr
($/energy). BTW, Energy is kW (kJoules/second) multiplied by 1 hr (ie E / time x time) = Energy.
So 3.51kW * 1hr = 3.51kWhr is the amount of energy used in 1 hour by this machine, and x 24 = 84.24 kWhr in one day.
How much does 84.24 kWhr, which was used in the day to produce 14k sats, cost?
If your electricity price is 0.06c per kWhr, then it costs:
84.24 kWhr x 0.06 $/kWhr = $5.05 per day.
So $5.05 to produce 14k sats. At what price are you effectively "buying" bitcoin? We need the units $/bitcoin...
5.05 ÷ 0.00014040(ie 14k sats) = $35968
The current market price is $72,000
It means that if you pay full price for the s21 Pro ($6318), and have cheap electricity at 0.06c/kWhr (I pay around 20c US btw where I live), you will be mining bitcoin profitably, but... you need to recover the cost of the ASIC.
$72000 x 0.0001404 bitcoin means that you're earning about $10.10 per day in bitcoin, and paying $5.05 in electricity. $5 per day profit will take a while to pay off that $6,318 miner!! (3.46 years)
How can it make sense? Answer:
Well, if the bitcoin price doubles, guess what happens to the value of the ASIC? That will probably roughly double also - if it doesn't many people will buy them, bid up their price, and by turning them on also make mining less profitable. For the miner who got in early, that reduction in profitability is compensated for by a capital gain on the equipment.
Meanwhile, they are still mining somewhat profitably - They'll be mining less than 14k sats/day as the hashrate goes up, but those sats will be worth more. And their daily costs are static.
Another way to put it...
MINING COST FOLLOWS PRICE
...not the other way around as with every other commodity in nature. For everything else, the price follows the cost to produce. I like to call it "anchored" to the cost of production. For Bitcoin, the cost to produce is anchored to the price, and this is fundamentally due to the difficulty adjustment, which keeps the daily production constant regardless of price.
OK, that was a long explanation, not quick, sorry, I lied.
Here's the other thing that most people don't think about...
That $6k miner that was bought hoping for a bitcoin price pump... what if you just bought $6k worth of bitcoin today? You probably would end up with more sats.
Mining is fun but opportunity cost is a bitch.

2024-10-22 10:54:38

If you're looking to learn to code for the joy and empowerment, I highly recommend bash script.
It helps you to be great at maintaining your computer, and following guides to install things with Linux.
Anything you might execute from the command line is code.
Here's how you start (works on Linux or Mac)...
1) create a paranoid crypto anarchist directory and go into it
cd ~
mkdir pca
cd pca
2) make a file
touch GFY.sh
3) edit it with nano (vim later when you're getting skilled and seeking efficiency). This makes step 2 redundant, everyone relax, I know.
nano GFY.sh
4) on line 1, very important, put...
#!/bin/bash
This turns the document into a program.
5) Let's print something. Add these 3 lines
echo "GFY World!"
sleep 10
clear
This will print to screen, wait 10 seconds, then clear the screen, then the program ends. Notice, each new line is a new command, and they can be sequentially typed in if you want. All these lines of bash code work manually too.
6)
Make the program executable...
sudo chmod +x ~/GFY.sh
This is superuser do (elevated privileges), change mode function, add executable option, and the path to the file (~ is shorthand to the home directory of the current user).
7) now you can run the program like this...
./GFY.sh
Or
~/GFY.sh
In the first example the full stop stands for the current directory. So whatever your directory you're in, the computer knows to replace the full stop with the current path, and then it adds on the rest. You have to be in the same directory as your program for this work.
In the second example, you don't have to be in the same directory because you're specifying the path fully, although in shorthand with ~
This might seem very trivial but it is the basic building blocks for building more and more complex things, such as Parmanode .
You can actually read the Parmanode script and see what it's doing.
Maybe I should do a video one day explaining the code.

2024-10-20 11:11:05

Don't let rulers pretend to be your leaders.
FuckTheState ™ , with #Bitcoin.

2024-10-20 10:56:11

In the same way that you don't need to be a mechanic or race car driver to learn some basic skills to drive and maintain your car...
You are required to learn some basic essential computer skills to resist the government's will to monitor and control your family's ability to spend or save money.
I first Xweeted thisin my dream just now, I'm not joking - I think Bitcoin 24/7.
Another way to put it...
If you drive a luxury car, or an antique car (basically analogous to all of us who are the earliest Bitcoiners),
rather than driving a bomb (analogous to the Bitcoiners coming later),
then, your car deserves for you to take more of an interest in it to protect it.
Don't let Ferris drive it!
Nor Armstrong and CZ...
https://m.primal.net/Lbvi.jpg
https://m.primal.net/Lbvo.jpg

2024-10-19 08:07:37

One of the great joys of parenthood is telling completely made up stories at bed time, and then repeating them on request.
The delight they get is incredible - don't forget to do it.
I was getting so good at the stories, I wanted to test my powers, so I randomly made up a storie about two inanimate objects, a bin, and a cloth.
And thus, Binnie and Clothie was born.
17 episode later, all with intro music/singing and recorded for memories:
Binnie and Clothie World - was epic.
Even other stories that connected to B&C world were spun.
I should do children's books 😂
"Do you remember that time when Binnie got tricked by Clothie to go on that ferris wheel, and finally overcame her fear of flying?"
"Or that time Binnie won a cereal contest and went on a rocket to space?"
- "Yeah, that was episode 12 wasn't it?"
"And wasn't it sad that fight they had and lost touch for so many years? 😭"

2024-10-11 07:15:14

The secret to a good life -
Happy wife, happy wife.
wait

2024-09-28 15:27:44

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Milei, out of 10?
Ron Paul, out of 10?

2024-09-28 15:26:43

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or what I said AND what you said.
My bet is she takes meds - for some mental disorder or to help her to overcome the anxiety of lying in public.

2024-09-28 15:24:20

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How about JFK?

2024-09-28 15:03:32

Do you know why it APPEARS that Kamala Harris has extremely poor public speaking skills, despite having worked as a prosecutor, is Vice President, and now campaigning to be President?
These jobs all require supreme oratory skills. Something doesn't add up...
The reason is that when someone is either:
- speaking falsehoods, or
- speaking truths they don't believe in, or
- pretending to believe something they don't
... well then, they end up looking completely pathetic and incompetent, and cannot speak unscripted and rehearsed like a normal person. Otherwise the truth gets out.
You can only speak naturally and off to cuff if you're speaking the truth and being yourself. You can't do that if you're hiding.
She's basically a lying fucking bitch.
All humans can detect it, but many are so pathetic and/or brainwashed, that they choose to accept it.
I could upset fellow Bitcoiners who will vote Harris by saying this, but I don't give a fuck, you should be ashamed of yourself.

2024-09-26 22:35:20

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Nice. I highly recommend starting with this one, as the language and prose is far easier to absorb than the classics

2024-09-26 10:36:51

Always be careful to not use "inflation" interchangeably with "CPI".
They are not the same thing. CPI is whatever you are told it is, completely disconnected from price inflation, and calculated however they want in a way you CANNOT VERIFY.
Also, "inflation" means growth in MONEY QUANTITY, nothing to do with prices, so use "price inflation".
Undoing the scam involves spreading correct information - fixing the language corruption can help somewhat.
Do not do blind superficial research on the definition of "inflation" - you will get scammed.
Study Austrian Economics, the only correct economics which has successfully been censored.
https://www.amazon.com/Choice-Cooperation-Enterprise-Human-Action/dp/1598132180

2024-09-23 10:06:57

GM Bitcoiners...
Umbrel supports an insideous shitcoin used as barter and pretending to compete as money, that has hard forked 15 times and pretends to magically give you privacy, and...
Parmanode is Bitcoin only, with easy to follow code that you can learn from. It also has a tool that lets you import your Unbrel external drive and make it work with Parmanode, no need to resync the timechain.
Act accordingly.

2024-09-23 09:59:02

Bitcoin is both paradoxical and not paradoxical the same time.

2024-09-23 09:50:24

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Umbrel is a shitcoin node, just so you know

2024-09-16 16:03:46

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looks AI generated, or pedophile

2024-09-16 10:55:49

58k, everything is right with the world

2024-09-16 07:22:31

BITCOIN IN ADDRESSES IS SCARCE, "BITCOIN" ON EXCHANGES IS INFINITE.
I want to talk about the effects of #Bitcoin price suppression logically, but use extreme numbers to illustrate some obvious points...
Suppose price was suppressed to $1 today using whatever methods available. What would happen is that all available bitcoin would very quickly be bought, then people would want more, and some who bought might sell for $2, and so on, and up we go.
But why can't price be suppressed back to $1 forever?
First consider the methods...
They all involve either selling bitcoin that doesn't exist to people who think they getting bitcoin (ETFs or long contracts in various forms, that pay bitcoin or cash in the future at settlement - some never settle),
or
getting people with bitcoin to buy contacts in exchange for their bitcoin (the contracts being cash arbitrage profitable for the bitcoin holder). These people anticipate buying bitcoin back later with immediate dollar profits.
Ultimately bitcoin always flows to people who want it more - so even though some people might sell some bitcoin in exchange for a contract, over time the bitcoin they relinquish goes to people who are less inclined to.
Also, the people that are buying real bitcoin eventually get all the available bitcoin, and the people who are buying paper bitcoin lose all their dollars in exchange for infinite quantities of bitcoin (they're getting scammed).
What happens when the people buying real bitcoin buy up all the $1 bitcoin and there is none left?
Either
1)
The exchanges acting badly abolish withdrawals (remember Celucius "HODL" mode? Or was that BlockFi?), with the honest ones having zero trading volume, and users with locked funds can continue to buy and sell fake bitcoin at the artificial price, but never self custody. They might even be able to trade p2p with this easy money (easy = not scarce and "easy" to produce, ie fiat), or they'd make fake unbacked derivatives (wrapped versions with no evidence of backing or ability to redeem). This will birth an ALTERNATIVE MARKET with real bitcoin which can only be exchanged by p2p trade directly with bitcoiners who actually have bitcoin, or via decentralised exchanges. The price of bitcoin will then find its true form, decoupled from paper bitcoin.
Or
They go bankrupt
Or
The price goes back up to a level where bitcoiners release some bitcoin back to the market, sufficient to allow fractional reserve to continue a LITTLE longer but at a higher price - THIS is what I think is happening, which is why bitcoin isn't $1 and also not $1M.
The way the manipulation ends is by waiting. Bitcoin always flows to people who want to hold it harder.
The price gets to $1M when most of the people who wouldn't sell at $1M (me include) own most of the bitcoin. Then up from there.
I don't know how long it takes, but the lower the price, the faster the 1M+ holders get all the bitcoin. That is the logic I can't find a flaw in

2024-09-15 13:14:50

Can someone explain general relativity to me like I'm 5?

2024-09-14 10:14:15

I've been bursting out with "they're eating the dogs!" throughout the day randomly 🤣
I know I'm not alone.

2024-09-13 13:59:54

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Rate cut for ants

2024-09-13 06:24:52

I'm announcing BitVotr, a new voting protocol to fight election fraud, releasing today to the public domain.
The whitepaper of the protocol is available on GitHub and has a website, BitVotr.com.
Pull requests welcome. Questions and comments welcome in GitHub issues section, and will go towards a FAQ document later.
The protocol introduces new concepts and borrows from old...
- Proof of Tax linked to public keys (new).
- Vote merging for anonymity (borrowed from coin mixing).
- Peer to peer network to submit, sign, and merge votes (every voter is a peer).
- Tamper proofing of count via pgp signatures.
- Peers use RAFT protocol for consensus and data protection (borrowed).
- Byzantine Fault Tolerance thresholds for minimum verification, and defends against network attack.
- Data dissemination of the tally and signatures to Nostr and BitTorrent (no blockchain or token required).
- Vote count by the public (like nodes in Bitcoin verifying blocks).
- Election clock using Bitcoin timechain (without writing to it).
BitVote doesn't force a tyrannical government to be honest and benign, instead, it makes election fraud evident.
Voting doesn't overthrow tyranny, only revolution or total collapse does. Step 1 is to overcome the gaslighting and make fraud undeniable.
Of course dishonest governments will reject this. The system must begin small, prove itself, and be unavoidable to larger and larger democracies.
This is not an endorsement of voting as an ethical way to organise society, but if we are going to vote, it should be verifiable by the people it affects.
https://image.nostr.build/77ba90199d4d44b87acba1c2d3c6e6e0f56b43992e28b4e300956b382d75e875.jpg

2024-09-12 05:53:02

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have a look, I'll dm

2024-09-11 17:19:49

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Spirit.
It's a protocol design, not code.

2024-09-11 16:42:16

I've been working on a decentralized electronic voting protocol that's fully peer to peer, eliminates the possibility of electoral fraud or double voting, keeps votes private, and is verifiable by anyone.
It benefits from Nostr relays, and Bitcoin’s clock, and DOES NOT require a blockchain or token.
I would greatly appreciate cypherpunk eyes looking over it before releasing.

2024-09-11 13:25:04

The debate being rigged, or who "won" is not actually relevant. What is relevant...
1) Did anyone change their mind about who they will vote for (don't think so to any significant extent)
2) Did media bias get exposed (a little)
3) Did Kamala's bitch face make her more or less likable as the next ruler?

2024-09-11 11:56:21

Dont forget the most important purpose of #Bitcoin ...
Bitcoin ends the ability of anyone (central banks) from creating money for free (fiat), who then use it to plunder the planet's assets (which worsens the wealth gap), and they control peoples' minds (via media, education, scientific publishing, advisory bodies, politicians) to help them maintain control and the belief that their control of money is necessary, reasonable, and good for them. Thinking otherwise becomes "extremism".
If you place "fuck the banks" higher in priority to "fuck the CENTRAL banks" (very different), then you become susceptible to shitcoiner narratives, and dangerous Bitcoin-upgrade narratives that risk priority 1 in favour of improving priority 2.

2024-09-11 09:18:59

I like cats now

2024-09-10 04:42:24

Thank you for being a Bitcoiner 🧡

2024-09-10 03:42:48

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fucken pussies

2024-09-10 03:41:37

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hamster, hams down

2024-09-09 13:40:19

OK, coffee ready, what else can I do to chip away at the system today? Bit by bit.
I am destroginy!!

2024-09-09 12:45:48

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It's as deep as allowing the possibility that the Earth is flat, and most "humans" are NPCs, as we're in a simulation.
Any further, and you're crazy 🤣

2024-09-09 12:24:39

It doesn't matter what Trump wants. Bitcoin doesn't need politicians but it's preferable that they don't attack it, but even then it's fine if they did.
This election is not really about Bitcoin, it's about the destruction of the United States and turning into an outright Marxist state (USSA), and potentially the beginning of World war III.

2024-09-09 12:23:40

If you ever feel small and insignificant, remember this...
You are one of the universe's minds.
You literally ARE the universe 🧡

2024-09-09 10:00:44

The reason why most people support Trump over Harris, but polls show it's close is because the polls are fake (like the manufactured media hype) is so that when they rig the election, they'll be able to successfully convince enough people that the result was true.
We need independent polls and for results to be widely publicised, to counter the propaganda.
We need Nostr polls.

2024-09-09 09:14:09

To understand what a Bitcoin node does, it's important to understand that the essence of a node is the PERSON running their chosen code/rules, not just the software/hardware.
Run a node so that...
1. You can maximise privacy. Your wallet needs to connect to a node. If it doesn't need to rely on someone else's copy of the timechain data, you won't divulge your IP (your location!) nor you addresses (and their balances). It's potentially dangerous from attackers, but particular surveillance who WILL co-operate with your local ruler when it's confiscation time during the inevitable collapse of fiat.
2. You can verify if you have been paid - like checking a gold payment is real by melting it down. A bitcoin payment must register on your copy of the timechain.
3. Defend the rules of your money if there is a contentious fork - no one can force you to run Bitcoin Larry Fink's Vision, for example.
4. Be one of many cockroaches that need to be destroyed to wipe out the UTXO set (who owns what). Note even that doesn't kill Bitcoin, Bitcoin is an idea. They'd have to kill all the Bitcoiners.
5. Help someone else run a node, or provide the infrastructure so someone else can trust you and connect to your node. Remember, being a human node is not the power to run the software but the power to choose the right software to connect to - you can be that option for people, especially those you orange pill, instead of letting them connect to a random node.
6. Be super cool, and it gives you a great appreciation of the power of Bitcoin. You’ll probably end up buying more, and accumulating more girlfriends.
armantheparman.com/why-should-you…
open.spotify.com/episode/0p1m4c…
Running a node is a essential skill to learn, and every one of my students is running one.

2024-09-09 06:09:06

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Yeah, I make it easy for anyone with Parmanode.
Mine is wss://unhostedwallet.com

2024-09-09 06:07:49

With Parman Bitcoin self custody & privacy mentorship, you don't get one of my underlings, or a large class, or videos.
You learn from ME - 1 on 1, with direct supervision.

2024-09-08 14:22:07

I just had a fight with ChatGPT, defending Pluto's right to be considered a planet.
We are not same. Wait.

2024-09-08 11:06:40

Arguing that "velocity of money" causes inflation (or has anything to do with it) is EXACTLY the same as a technical analyst trader thinking volume causes the price of a stock to go up.
This is obviously nonsense once you understand the analogy.

2024-09-06 12:00:51

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pls stap

2024-09-06 05:25:23

If you read one of my essays each time you whip your phone out while sitting on the toilet, you're gonna make it, and in style.
http://armantheparman.com

2024-09-05 05:29:53

The price of Bitcoin is reflected by the value assessed by the people that have it, and, WANT IT THE LEAST.
It is not a measure of adoption, just a partial indicator - eg a historical look at cycle lows can give some indication. You can never see adoption in today's price.
It's also important to understand the price is not a justification for the validity of a token to compete as money.
No matter what price a shitcoin may achieve, or the returns it has provided, you should never use that to justify its existence. High price scams are successful scams, and will all eventually fail as money.
Similarly, you should not use Bitcoin's price as justification for it being the best money contender.
So how is adoption measured if it is not with price? Fundamentally, adoption is the size of the network of people preferring to receive Bitcoin as payment for their time and labor, in terms of the portion of that payment they wish to keep as their savings in Bitcoin, rather than convert back to their local government shitcoin... This is not something that can be easily measured and it is not seen with clarity in the price.
By the way you should also not use the price of a shitcoin to attack it, because then you are supporting the idea that price can be used to assess if something is a scam or not.

2024-09-04 13:20:08

Tulsi will be president in 2028.
Also, would.

2024-09-03 22:49:52

I just dropped this in the lion's den on ETH Reddit after someone replied to me with "Bitcoin was created out of nothing too". Enjoy.
**********
It's convenient to think that because the truth I'm pointing out here in this ETH echo chamber must hurt...
Bitcoin is created by MINING (that had an energy cost, it's not free). Not a single person got special treatment. Satoshi created the PROTOCOL, an idea, from nothing, fine, but really it was INVENTED from a collection of existing ideas like proof of work and crytptography, but he SOLVED the Byzantine generals problem, something previously thought to be unsolvable for decades. But then he mined something that everyone thought was worthless, and gave himself no special privilege, and sold none of his coins, and disappeared and gave Bitcoin as a gift to humanity.
Anyway, the shitcoins then came and COPIED the idea, which is fine, that's not the issue, but ETH was PREMINED, meaning that 80% of the total supply, the fucking TOTAL supply, not just a little bit, was awarded, FOR FREE, no mining, to the founders. WTF. And you people buy it?? Do you even know why Bitcoin was invented?
Learn why.
Documentary...
https://youtube.com/playlist?list=PLBuns9Evn1w-T2RwqMhUnTZbTTe-M-g42
My essays...
https://armantheparman.com/why-bitcoin/
https://armantheparman.com/tpwm/
https://armantheparman.com/joinus/
*********""
https://www.reddit.com/r/ethereum/s/uwM8cml7rS

2024-09-03 07:39:14

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Sorry for jumping in here without reading the whole conversation, but criticising someone for having a problem with democracy, as though democracy is a priori a good thing, is flawed. Democracy is an insidious scam.
See this for what I mean, even if you don't agree...
https://www.youtube.com/watch?v=5VAX3JL_l90

2024-09-02 12:53:45

Stephen really is a dirty Marxist piece of shit, and is being given way too much speech on mainstream, I mean government, media, I mean propaganda.
https://m.primal.net/KaVq.jpg

2024-09-02 12:51:44

What is Bitcoin's price (round your answer off to the nearest 58k)?

2024-09-02 00:28:47

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I want in

2024-08-31 10:20:19

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Champion

2024-08-31 10:13:19

The issuance of #Bitcoin is like a hoarder of bitcoin with 21M coins, selling only in exchange for hashes in a predictable way.
Later, when all the coins are distributed, the "issuance" of bitcoin will be from Bitcoiners, less predictable, but related to their willingness to spend for shoe shines and whatnot.
Moral of the story - get good at shining shoes.

2024-08-31 07:29:21

Daily #WhiteboardNotes
https://image.nostr.build/5023c8493fd69ed8b8ff82806504d890ead90e3175d1bc5303bb886639c42888.jpg

2024-08-31 02:58:22

Brazil, hello

2024-08-31 02:50:45

21 million Bitcoin, 58k each.
The rules can't be changed.

2024-08-31 00:22:40

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http not https for tor

2024-08-30 11:03:47

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Then how will you know which ones are the crazy fuckers?

2024-08-30 11:03:09

Fuck I'm stressed. I don't have enough bitcoin.

2024-08-30 03:52:24

Someone tell Democrats that the solution to their woes is just to vote for Trump.
They don't even necessarily need to wash the dye streaks out of their hair.

2024-08-30 03:43:51

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Champion

2024-08-30 01:52:49

Some people love obeying.
Give them arbitrary rules like, "stand six feet apart".

2024-08-29 08:15:22

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Also, what is your private key?

2024-08-29 08:13:34

Sometimes I accidentally follow someone who's into monero - sorry about that, rest assured, I'll block when I realise.

2024-08-29 08:01:43

Sometimes say "that's what she said" randomly just to confuse people

2024-08-29 03:42:59

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The logic is irrefutable

2024-08-29 01:52:38

There is literally no sexier way to accept sovereign AF Bitcoin payments than running lightning, BTCPay, RTL, Thunderhub, on Parmanode , with Zeus lightning wallet on your phone.
Try it on my donation page.
just_saying.GIF
https://armantheparman.com/donations/

2024-08-29 01:51:33

Daily #WhiteboardNotes
https://image.nostr.build/d0f30101db6f8c7f6ef1622d9e70e64b1d755b6fc893117e04796999224cd53d.jpg

2024-08-28 22:47:35

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Missing out, Parmanode

2024-08-28 05:42:19

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No major objections. Parmanode is just more fun imo.

2024-08-28 05:41:02

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How do you overcome the leakage of privacy in WOT? People/surveillance/tyrants can snoop on exactly who you are associated with.

2024-08-28 05:38:54

Daily #WhiteboardNotes https://image.nostr.build/6f98db9da523dfb2fc52605a86eaffbede9fbd22269d386a07300154d94e970c.jpg

2024-08-28 04:35:34

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Yes, bit the gui apps, wallets, won't work. The server apps will...
Lnd, bitcoin, rtl, BTCPay, nostr relay etc
Not sparrow, not electrum wallet, not specter wallet

2024-08-28 00:54:01

If you run your own Bitcoin node, why not also store your own Nostr data? You can with Parmanode, easy AF.

2024-08-28 00:28:43

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Stunning and brave

2024-08-28 00:26:10

Is there value in building Bitcoin Knotsr?... Nostr relays that serve signed bitcoin data blocks as events.
It's an interesting thing to build, I'm just not sure if it's useful, or what can be done with it.

2024-08-27 22:37:00

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Nah, stay away from shitcoins

2024-08-27 22:17:47

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Turn off and on again.
Send sats

2024-08-27 22:16:47

58k again??
https://image.nostr.build/a2fb6c0a5dad425e0dd3f630f51796015107b5b6e1e9a7b230c15d42bd583eeb.jpg

2024-08-27 10:38:30

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Looool

2024-08-27 09:48:12

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Send nsec

2024-08-27 09:38:04

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I suggest some messaging and tools to encourage users to run tor middle relays - these are easy to deploy, and have no legal pestering risks at all unlike guard and exit relays.
It's good that as the use of Tor proliferates with nostr, we contribute to bandwidth.
I've made it easy to do with my Parmanode (Bitcoin node package) software on Linux (I might enable for Mac next).
The code is in bash and easy to follow.

2024-08-23 23:09:56

There, I said it.
https://m.primal.net/KJzJ.png

2024-08-23 04:22:56

Daily #WhiteboardNotes https://image.nostr.build/26f9de045d533c34f195316507f50a5d93e5e2cda2fe008353c6cab93dfaceff.jpg

2024-08-21 07:58:19

Got mad at the wife, so, bought more #Bitcoin, feel good.

2024-08-20 21:04:24

Quick morning rant:
No matter what...
1) anyone else does with their node, (whether it's -the version they have; the fork they have; if they run one of those sexy Parmanodes all the cool kids have, or the quantity of nodes spun up)
2) or no matter the number of bitcoin others might have...
...if you stay strong, no one can do ANYTHING to change the node you run, which is effectively YOUR CHOICE of the money you have adopted and accept as payment to your wallet.
If no on agrees with you, it affects the quality of the money you've adopted, but it can never affect your choice.
If the rest of the world adopted a shitcoin (fiat, gold, Bitcoin Finks Vision - doesn't matter which), it would mean the true Bitcoin adoption has gone backwards, not that Bitcoin has changed. They all will have to come back eventually after they get diluted to poverty by whoever the rulers of that version are.
No one agreed with Satoshi at the start by the way, but true adoption of a money that no one can control has, and always will, continue to go up, until everyone in the world who hasn't perished, WANTS Bitcoin (not "has", as some will become Bitcoiners beginning in absolute poverty).
I didn't make the rules, Satoshi did.

2024-08-20 11:01:25

Remember to stack #ƨats arrogantly AF

2024-08-19 22:44:58

Parman's considerate driving tips...
There's a double turning lane at a traffic light. 12 cars waiting in one of the lanes, 2 in the other!
The 12th car is blocking others behind from getting in to the empty lane, and backing up the traffic going straight. Only the first 4 to 6 cars will make across each turning light change.
Some people just enjoy lining up and being boosted, farken hell.
Don't be like these people; fill up the lanes evenly.
Stay tuned for more of Parman's considerate driving tips.

2024-08-19 15:23:52

If you're orange pilling a friend who is not going to get off Windows, you can still help them to run a node - Parmanode4Win.
Currently it has Bitcoin Core, Sparrow wallet (autoconnects to Core), Tor, Docker, and WSL - all easy to install AF.
Well you have them syncing the chain, in the coming days I'll have electrs server and mempool available.
You could learn to set it up for your orange pilling adventures later, even if you have no friends at the moment.
Go to the website and download the executable, and then double click. C'mon I couldn't have made it any easier.

2024-08-19 07:45:06

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So, barter.

2024-08-16 20:23:46

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Lol

2024-08-15 21:30:45

I am offering 150,000 sats to anyone who can demonstrate a zk-stark working in the following way...
1) I will create a text file with some arbitrary content, encrypt it, and hash the encrypted version.
2) You shall get a copy of the plain text and the encrypted file, and the decryption key.
3) I will pretend to not know the contents for this exercise, for proof of concept.
4) You will create code that can generate a zk-proof that takes these inputs:
a) the encrypted file
b) the decryption key
c) a regex search (or simple grep search if regex too complex)
... and returns a True or False reading with respect to the regex search.
5) The hard part: I will give you a "random" regex to search, you create the proof, and direct me how to perform a verification SIMPLY, on my local Linux computer, with free open source software, and without the need for a shitcoin's blockchain or 3rd party verifier. I HAVE TO VERIFY.
6) The hardest part - I'll need to be shown that there's a clear way that I can reproduce the procedure; if I need to learn a new coding language, that's not a barrier. If I need to build my own polynomial circuit for this very basic zk-stark check, that could take years of work, so no beuno.
You can use libraries to build the polynomial circuit, but I must be able to be convinced trustlessly that your computer has honestly performed the regex search, and you know if the document contains the search term, and can do that without revealing the contents of the document or the decryption key.
If you do this I agree to paying the bounty and if satisfied, will probably give a tip. I reserve the right to refuse to pay if I detect trickery, shenaniganary, or abuse, eg weaseling out of doing what I intended because of some loophole in the way I structured these terms.
This must be a zk-stark proof, not zk-snark. There must be no back doors, and no trusted setup. If I detect trust required, defeating the purpose of a zk-stark, the deal is off... but I may still pay some amount at my discretion; it's hard to know in advance.
--------
Tweet from 5 days ago ..
After 4 days of math and research, I can demonstrate to anyone interested that #zkstarks is a scam...
They claim to remove the trusted setup of zk-snarks (used in the shit coin zcash), but in fact have shifted the trust to the proover who designs the the individual contract (circuit).
The verifier can't see the circuit but can mathematically verify that the circuit behaves as claimed. Many hundreds of pages have been devoted to showing how the link between the circuit and the proof is valid, but the very first step is not discussed. "How is anyone to know of the circuit was created honestly in the first place?"
The functioning of the circuit is obfuscated mathematically with high degree polynomials, so it could be malicious and the approval must be trusted in how they designed it.
For instance, a claim could be made that a particular encrypted document when decrypted with a key that is not seen yeilds a true result. But the malicious actor could instead insert code that gives a true result directly if that same document is inputted.
No actual decryption is designed to happen. Then this code is converted to a polynomial, and then expand (low degree expansion) to obfuscate the original code.
The verifier then checks that the polynomial behaves as expected, but they've got no way of checking that the correct polynomial has been used.
They could enter or check documents that are different to the target, and of course they'll get a false reading in the same way that they would if the key didn't work, but they'll be deceived.
While the mathematics works, actual inputs a malicious meaning that the setup is trusted...
NZK starks is a scam, bamboozling everyone with mathematics, and hiding the fact If something is simple as:
dog shit in, dog shit out
And they want to bring this into Bitcoin, pppppfffffftttt FUCK YOU

2024-08-12 06:39:07

I disagree

2024-08-07 20:52:27

People realise that bitcoin is scarce, right?

2024-08-07 20:44:08

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That's basically what I said.

2024-08-07 06:27:05

I'm here to burst bubbles.
Dollar cost averaging is GAMBLING. Here me out...
If you regularly buy bitcoin with a component of your paycheck, that's not DCA, that's regular LUM SUM buying.
DCA would be if you take a paycheck and spread the purchasing OF THAT QUANTITY of "money" over the time.
You withhold buying with it all, and spread your risk over time, so that if it goes down after buying with the first small fraction, you don't feel as bad, because you get to buy more bitcoin at a lower price with your next fraction.
In summary of that, you are gambling that the price won't go up over the time you withhold your buying. Because if it does go up you end up with fewer bitcoin, and if it goes down you end up with more bitcoin.
On the other hand, lump sum buying is the exact opposite. You're gambling the price will not go down. If it goes down after you lump sum buy, and it always does, you end up with fewer bitcoin. And if it goes up right after you buy, then your gamble paid off.
People think that DCA is a hedge but in fact it is not, it is one extreme of a gambling strategy, and lump sum is the other extreme.
To correctly hedge you would take any quantitative money that comes to you, and lump some half of it, and DCA the other.
Until next time.
https://image.nostr.build/e81ca3995c709b55b24602ba857537e97010a2a969621767d3dc4d64efbda5b5.jpg

2024-08-06 16:26:11

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Couldn't finish it - is it supposed to be cringy?