repletesumo
replete sumo

mountain man, seeking truth, running bitcoin

Public Key

npub1wl0sg0dwh9qex4v59qmkq6ta78qr448war08t8rk0m5y8r37p36q4pq59t

NIP-57 Address

richpanda2@primal.net

Profile Code

nprofile1qqs80hcy8khtjsvn2k2zsdmqd97lrsp66nhw3hn4n3m8a6zr3clqcaqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqz9mhwden5te0dehhxarj9enx6apwwa5h5tnzd9aqpe845a

Publishing to

eden.nostr.land

nostr.fmt.wiz.biz

relay.damus.io

Author Public Key

npub1wl0sg0dwh9qex4v59qmkq6ta78qr448war08t8rk0m5y8r37p36q4pq59t

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Last Notes

2024-12-27 17:21:03

Bitcoin doesn't fix everything.
Bitcoin does change everything.
Hopefully for the better.

2024-12-01 19:46:12

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A fiscally conservative person who pays off their debt and doesn't take on more debt, destroys credit which puts deflationary pressure of the Fiat system. This is harmful for the current financial system, which relies on ever increasing amounts of credit(and therefore debt). The credit scoring system exists to identify economic actors who are capable of taking increasingly larger amounts of debt(without defaulting).

2024-11-30 23:49:22

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because credit is debt

2024-10-27 17:17:56

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I didn't expect you to say that. This would mean that many of us will grow old and die in a Fiat world. That's unfortunate.

2024-10-27 12:43:19

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Do you think the Fiat era will last another 40 years?

2024-10-21 12:54:59

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For generational cold storage, how do you argue against a 24 word seedplate stored in a block of concrete?

2024-10-21 03:26:06

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I'm not sure I understand your question. To reiterate, I do run experiments but I'm unable to beat DCAing into obvious winners. In fact, in retrospect my biggest losses have been around opportunity cost of not DCAing into assets that I knew would do well.
Eg: DCAing a small amount of $ every month into Bitcoin for over a decade was the obvious, boring thing to do. Alas, it's not something I did.

2024-10-02 12:21:46

From the end users perspective, eCash has the same tradeoffs as custodial lightning, you are giving up control over your keys and therefore increasing your chances of getting rugged. However eCash provides better functionality(bearer token, offline transactions etc) and (perfect) privacy compared to custodial lightning. I'm looking forward to seeing custodial wallets like @npub1hcw…h9rq integrate eCash.
cc: @npub12rv…85vg

2024-09-14 13:01:30

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Mr Obnoxious is an odd name. When I think of you, obnoxious is NOT a word that comes to mind! Why did you pick it?
(I'm still experiencing withdrawal symptoms from the ending of WBD)

2024-09-12 03:01:15

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how often do the calendars publish on chain? Is there a way to track those transactions on a website like mempool.space?

2024-09-09 03:07:07

In the most recent episode of ATP, Marco mentioned that in his view Tesla is likely the best electric car manufacturer at the moment. He then said that he will not buy a Tesla car because of "political reasons". Am I the only one who finds this weird? Are there other people out there who intentionally choose to buy inferior products as a way to signal their political views? 🤔

2024-09-09 03:01:01

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👍

2024-09-09 00:39:34

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ahem @npub1w7f…uthp 😜

2024-08-20 23:48:10

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time limit?

2024-08-17 13:03:26

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who?

2024-08-11 13:37:12

Laws: Restrictions governments put on people.
Rights: Restrictions people put on governments.

2024-08-05 12:52:13

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I'm already dreading the despair phase. It's going to be brutal. Something like ~$250k to ~$60k 😭

2024-08-04 23:38:34

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@npub12vk…pugg 💯

2024-07-27 18:00:00

If your government wants Bitcoin, the government wants your Bitcoin.
Be careful what you wish for.

2024-07-27 17:46:02

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"The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man."
- George Bernard Shaw
"Whenever you find yourself on the side of the majority, it is time to pause and reflect,"
- Mark Twain
🫡

2024-07-27 13:02:10

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If the government wants Bitcoin, the government wants your Bitcoin.

2024-07-27 12:58:52

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https://x.com/jbrukh/status/1816591349715698088

2024-07-27 12:19:42

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It's night and day. It's uncensored.

2024-07-26 23:57:11

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Saylor and Odell sitting on a tree..

2024-07-26 23:47:09

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The only way for large nation states to acquire any meaningful amount of Bitcoin, is to do it quietly.
https://x.com/naval/status/426039693176619008

2024-07-26 23:46:41

https://x.com/TFTC21/status/1816956225810297052
This isn't possible. If the US tries it, Bitcoin will go to infinity and the $ will die.

2024-07-26 02:41:28

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venice.ai

2024-05-28 17:42:13

Politicians planning to leverage Bitcoin to prop up their bond markets.
https://m.primal.net/IQWw.jpg

2024-04-29 23:43:06

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stolen?

2024-04-20 01:25:23

This epoch will decide if self-custodial lightning scales or dies.
https://m.primal.net/Hxew.png

2024-04-19 12:00:23

9̶0̶0̶ > 450

2024-04-07 11:59:23

Fun Bitcoin sizes.
0.01 = sats millionaire
0.002625 = "your" share(8B/21m)
0.1 = sats deca millionaire
1 = wholecoiner/21 million club
10 = sats billionaire
21 = "one in a million"
210 = "lakho mein ek"
21,000 = one in a thousand
210,000 = Saylor
1,000,000 = Satoshi

2024-03-25 15:44:41

On TFTC #492 @npub1az9…m8y8 mention that he expects the (US) ETF's to acquire ~20% of all coins before things start breaking(due to liquidity issues). This is an insightful statement that explains a lot about our current financial system. Let's do some math to explain why.
20% of 21m is 4.2m coins. As of today, the US ETF's have ~800k coins in them. At the current ingest rate of 4kcoins/day it will take the ETF's 2+ years to get to 4.2m coins.
So in 2026-27 we will be looking at:
1. Bitcoin going exponential in terms of $ price OR
2. US executes a 6102 on ETF's to protect the $ OR
3. Both!
Of course, if Bitcoin price rises, the ETF ingest rate of 4k/day will slow down(assuming all other things stay the same, ). For eg: if the price doubles, the ingest rate goes down to 2k/day. So instead of 2 years, we are talking 4 years to get to 20%.
Therefore, this is what the math looks like:
$60k - 2 years(2026) to hyperbitcoinization.
$120k - 4 years(2028)
$240k - 8 years(2032)
$480k - 16 years(2040)
$960k - 32 years(2056)
It's counter intuitive, but THE HIGHER BITCOIN GOES, THE LONGER WE CAN DELAY HYPERBITCOINIZATION and keep the current financial system alive.
This is exactly why governments needs inflation in other assets as well(real estate, stocks etc).
TLDR: FIAT BASED FINANCIAL SYSTEMS NEED INFLATION TO SURVIVE.

2024-03-18 01:20:04

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Thanks for writing these guides! 🙏
How can I verify that the die rolls are being used to add entropy to the original entropy from the cold card?

2024-03-15 11:57:52

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hi there!

2024-03-12 22:00:15

Bitcoin is censorship resistant, hard money.
If you don't need censorship resistance or inflation resistance, you don't need Bitcoin.

2024-03-12 02:04:31

Happy $70k.
We are in for a long bull run. To stay efficient, I'll bucket my wishes into $10k increments. 🫡

2024-02-15 11:24:49

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https://wallet.cashu.me/

2024-02-14 05:21:17

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also https://primal.net/p/npub1cc79kn3phxc7c6mn45zynf4gtz0khkz59j4anew7dtj8fv50aqrqlth2hf

2024-02-14 05:06:55

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try https://unleashed.chat/
it's from the creators of cold card and accepts lightning payments

2024-01-10 22:14:00

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If it breaks $100,000 I will replace my 2012 MacBook Air with a 2020 model 🫡

2023-12-08 00:16:17

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That's $25/card!

2023-12-03 22:26:09

My rule of thumb for valuing 1 btc is:
A meal
A flight ticket
A car <---- we are here --->
A house
A retirement
A legacy

2023-12-03 22:25:11

"Science advances one funeral at a time" - Max Planck
"Bitcoin allocation advances, one funeral at a time" - Yours Truly

2023-11-24 16:39:34

Thoughts on WoS pulling their app in the US:
1. Short-term : It will be a forcing function driving users towards non custodial lightning wallets, and therefore getting them used to (a)managing their own keys & (b)paying on-chain fees for channel creations/closes.
2. Medium/Long term: It will push devs to innovate on L1/L2 to lower the cost of on-chain channel management(channel factories, shared UTXO's, Fedimints et al)
TLDR:
This is good for Bitcoin! 🫡

2023-11-24 15:33:05

2023-11-19 03:02:28

Satoshi = Ben Franklin?
As I read through Ben Franklin's biography, I'm pleasantly surprised by how common and pervasive pseudonymity was in pre-independence American colonies. Ben Franklin used a number of pseudonyms to publish articles in newspapers. Walter Issacson covers this on page 227 of his book:
"As has been frequently noted, Franklin often wrote anonymously or using a pseudonym. Sometimes, he was trying to to be truly anonymous; at other times, he was wearing only a thin mask. This practice was not unusual, indeed it was quite common, among writers of the eighteenth century, including such Franklin heroes as Addison, Steele, and Defoe. “Scarce one part in ten of the valuable books which are published are with the author’s name,” Addison once declared, with a bit of exaggeration. At the time, writing anonymously was considered cleverer, less vulgar, and less likely to lead to libel or sedition charges. Gentlemen sometimes thought it was beneath their stature to have their names on pamphlets and press pieces. The practice also assured that dissenting political and religious writings were rebutted on their merits rather than by personal attacks."
I think the Franklin was onto something with pseudonyms. One of Bitcoin's most important powerful aspects is Satoshi's pseudonymity.
"You can kill a man, but you can't kill an idea."

2023-11-01 00:42:34

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I was trying to be supportive of his frugal stretch.
Why are you so invested in Vic buying a TV somehow? Do you sell TV's? 🤔

2023-10-31 21:22:01

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My TV is 11 years old, has a permanent yellow line in one corner. Works fine otherwise.
Stay humble and stack sats 🫡

2023-09-15 23:35:18

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Alby

2023-09-03 17:02:28

Mental note for Bitcoiners during the next bullrun.
https://collabfund.com/blog/rich-and-anonymous/

2023-08-19 12:10:29

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You need to setup a lightning address on your nostr profile so that I can zap you 100 sats.

2023-08-14 06:38:16

With Bitcoin, you must earn the right to buy more, through deep study. If your allocation of Bitcoin outweighs your understanding of Bitcoin, you'll end up selling at the bottom.
-h/t @npub1a2c…w83a

2023-08-07 12:12:50

I'm at my first ever Bitcoin meetup in India. I just realized that the venue is a "vegetarian" Cafe 😀
Bitcoin is for everyone!

2023-08-02 07:36:18

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Strange, my wallet says it was delivered. Reply again with a prime number to the original post and I'll send you another zap.

2023-08-01 14:32:37

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Hi @npub1xww…l3nz!

2023-07-31 17:26:29

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Limited to one zap per user!

2023-07-31 17:21:51

Hi Nostrnauts, I'm trying out Zaps. I'll zap 100 sats to anyone who:
1. Follows me
AND
2. Replies to this post with a unique 3 digit prime number.
Offer expires on August 31st. Feel free to unfollow after you've been zapped 🙂

2023-07-28 05:57:52

I grew up using 5 paisa coins in India. Today I received a 20 rupee coin as change. That is a 40,000% increase within my lifetime.
https://cdn.nostr.build/i/001197c6954946ad0717d7096119dea0a932eea807a7913645644fa62ee24c0d.jpg
https://cdn.nostr.build/i/54dda4149329ba3d77a937ac4f8b9b5c22744fe8e22d5677c5a24d34a89aa542.jpg

2023-07-15 02:31:16

A "WorldCoin" booth at a mall in India. 🙁
https://nostr.build/i/6b452a1d5e935ecd11ffa871416e4baf102e811384e2aa5b7915fae5b6161fe5.jpg

2023-07-08 12:07:05

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Looking forward to this!

2023-06-21 11:48:23

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Good morning Uncle

2023-06-09 03:18:35

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How does it compare against python?

2023-05-29 19:30:34

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One of the two has a definition 🙃

2023-05-16 02:28:31

Just finished watching @PeterMcCormack interview @obi about @fedibtc.
The last 30 mins sent chills down my spine. Time bound fedimints for events & gatherings is an incredible idea.
Spontaneous & censorship resistant, but also fun and incredibly viral!
https://youtu.be/XosysCtKxt4

2023-04-25 11:34:40

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Lightning should choose to optimize for reliability. We will build eCash in top to optimize for privacy.

2023-04-24 16:14:49

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Do it!

2023-04-24 16:14:37

Bitcoin is not a commodity like gold. Bitcoin is a network of willing participants. A religion if you will.
Governments have a poor track record of exterminating religions. On the contrary, history is littered with examples of emerging religions toppling governments.

2023-04-21 23:16:33

Let's try this again.
Double the tokens this time.
cashuAeyJ0b2tlbiI6W3sicHJvb2ZzIjpbeyJpZCI6IkkyeU4raVJZZmt6VCIsImFtb3VudCI6MiwiQyI6IjAyY2JmNWViM2U3ZjIzYTA3NGM4NDhjMjY4OWJlNDM1MWYxMzY2N2NjZjcyZGRiMDY2ZmEyMDRmZTM3ZThkN2QzMiIsInNlY3JldCI6IkZSYVBua0FCV0Fzbzc3S1dUZDhJRXJ6ZkdJeGxVTWxwb25wZ3lCMHJUUHc9In1dLCJtaW50IjoiaHR0cHM6Ly84MzMzLnNwYWNlOjMzMzgifV19

2023-04-21 13:21:48

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Still waiting
#[0]

2023-04-21 01:43:50

Trying out Cashu eCash.
Let's see how quickly this token gets redeemed.
cashuAeyJ0b2tlbiI6W3sicHJvb2ZzIjpbeyJpZCI6IkkyeU4raVJZZmt6VCIsImFtb3VudCI6MSwiQyI6IjAzZGUwYWRlOThlODQ2NzdjNTIyMWMyNDdjZDk0Y2NhZTk2ODZhNmZlYjY4MDJiZmZkYmY0OGU1MjQ4M2UzMTE5MCIsInNlY3JldCI6IldVRDVzMEZ3QTBkNWF3ZkxpUWs0WGtUQk1Mckk5eVFrdUc3azMyNStzeFE9In1dLCJtaW50IjoiaHR0cHM6Ly84MzMzLnNwYWNlOjMzMzgifV19

2023-04-11 12:07:51

He's Back in Black 🙂
https://twitter.com/saylor/status/1643586872839471105?t=cfW4SCMK2T91yITx-aDN9g&s=19

2023-03-13 16:28:40

Let nature take its course. By letting each thing act in accordance with its own nature, everything that needs to be done gets done.
- Lao Tzu
https://i.imgur.com/wcoMKW1.jpg

2023-03-13 12:56:11

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#Bitcoin cannot have a #Bailout.
#[1]

2023-03-13 03:21:07

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Apparently it's all just the Feds liability.

2023-03-13 02:36:14

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If the Fed allows the banks to borrow against their assets at par, isn't that money printing?

2023-03-12 04:21:56

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I was going zap 100 sats, but you changed my mind 😀

2023-03-11 15:31:52

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Could this affect the Bitcoin custody arm of prime trust? If so, how?

2023-03-11 15:28:23

One tweet summary of what happened. It's ironic that the cause of the failure was that the bank parked a large part of its assets in the "most secure" instrument in the world, US treasuries.
https://twitter.com/ChassNews/status/1634323052950347777?t=CpNiTMNeJtnxRcPhbv5slg&s=19

2023-03-10 18:10:48

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60000÷(6×24×30) = 13.8 months to go!

2023-03-10 14:53:11

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Bitcoin Twitter feels like a ghost town nowadays.

2023-03-10 14:51:02

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Why don't we have Bitcoin ETF's launching in other countries? Singapore? UK?

2023-03-09 17:09:58

Watching Vox videos is a lesson in the "Gell Mann Amnesia" effect. When watching videos on topics I know nothing about, I find the content nuanced and informative. For eg: I enjoyed and "learnt" from this video about myopia.
https://youtu.be/LAkFtka3UFw
However, when I watch a Vox piece on a topic I know a little about, I'm surprised by how biased & frivolous their content can be. It's full of half truths and attempts to mislead the audience without using a heavy hand.
For eg: After watching this terrible piece on inflation, you will leave with a warm and fuzzy feeling about Biden and distrust of large evil corporations. However, you will learn nothing new about the cause of global inflation.
https://youtu.be/qlKx8uc_ppU

2023-03-02 23:10:08

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Nostr becomes the preferred place for creators to post their content.
Cuz zaps>>likes.

2023-03-01 21:19:46

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Looking forward to it!

2023-03-01 21:18:41

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The tech is pretty rock solid. However self hosted rpi4 lightning nodes are still a bit reckless.

2023-03-01 03:18:45

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lnbc10n1p3la3q0pp5h5h0xtf4tksek3srcaqpg7mc98rsqzhg56a77vuc9z3vgreay6dqdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp5j0r03dah3e5v5d2ahqmrajg29h9gcu97fg9gp7ny77j87ln3r8ls9qyyssqakug4wte3yam8rj9vs0ku0hfh6p30eqpwg5p3rjatjlrfwff8yyhszlk698l99f4y2dkqj9lsskqc80ukr4al5wl904n9rcdqev9eggq58kds2

2023-03-01 03:14:13

Hello Nostr People, I think I setup my lnurl correctly. Can someone please send me a test zap?

2023-02-28 02:28:06

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Building on Bitcoin

2023-02-16 13:17:57

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Where is my free hug? 🙂

2023-02-05 19:04:15

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lnbc1u1p3alld8pp5qla7vsqs2u66uesz7qjdlj7xhlmhdq39x08xzuxe7gc4u80et9dqdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp527n6c7scuhthde6l2677kzujyf3dh9w0lg30az2gcfmjk2yhmadq9qyyssqjzf5aty7v399dv9k60puzqc6229tkvwsdaepgtvrmdvqxjrt4qaz4u4qky3flhe0myauth49yfz6l4kf6fy6lr8539aptau22w6nvpgpf8jdx0

2023-02-01 12:46:45

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Thanks!

2023-02-01 02:14:28

lnbc4200n1p3anjhtpp5auz6wwcf35qeatyv35yhsnwm9yfu3pk83xcfnkq22ja2szvcyj3sdqu2askcmr9wssx7e3q2dshgmmndp5scqzpgxqyz5vqsp54552r4xnq2aynzpwgyu5036750e8f57y55j4qkn24gzyua3ndw0s9qyyssqwyn9hmk028mjm6uryuj0pwkrz0qftly26guxfmn5me9r6ule6y3s9sczkhw4vq4qwm8kkdru07xtan8l6x8qralstaq36ck9qaj68hqqtre0hl
Testing WoS