thetrocro
Troy Cross

Philosopher. Environmentalist. Bitcoiner

Public Key

npub1n3sjlzmhpu8rl56umtptc4lua6zkretq2p82yhytnmlcuq639vlqd0te5l

NIP-05 Address

troy@NostrVerified.com

NIP-57 Address

purplelizard1@primal.net

Profile Code

nprofile1qqsfccf03dms7r3l6dwd4s4u2l7waptpu4s9qn4ztj9ealuwqdgjk0spz3mhxue69uhkummnw3erxtnpvd6xutnfduq3camnwvaz7tmjv4kxz7fwdehhxarj9euk7atvda6zummjvuupn2fm

Publishing to

nostr3.actn.io

relay.nostr.youlot.org

relay.lumina.rocks

Author Public Key

npub1n3sjlzmhpu8rl56umtptc4lua6zkretq2p82yhytnmlcuq639vlqd0te5l

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Last Notes

2025-03-10 07:16:39

She’s wearing a very nice bitcoin orange here, I’ll give her that.
https://m.primal.net/PaZn.jpg

2025-02-10 12:03:01

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Yeah that’s exactly the kind of weird auction it is.

2025-02-10 07:57:51

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@nprofile…vytp you do allow that the fiction that determines the existence of the fictional stuff known as bitcoin… this fiction isn’t just the time chain, right? But the software too? So this fictional stuff can exist, according to the fiction, but be no one’s and nowhere on-chain? Is that consistent with your work? (Sorry I should just look it up.)

2025-02-10 07:50:10

Been thinking about Dhruv Bansal’s idea that bitcoin are not produced or generated — wrong way of thinking about it induced by “mining” metaphor — but rather all bitcoin existed from the moment the network was launched, but are auctioned off to miners as a whole, in exchange for hashes (compute), on an auction schedule of 140 years or whatever it is.
Each miner decides to take the network’s offer or not, by running their machines or not. Collectively, they determine how much that latest round of auctioned bitcoin is worth, in hashes and/or in energy.
Then there’s another market on top of this one which is coincidental but distinct, and that’s the market for block space, where the sellers are individual miners and the buyers are would-be transactors and of course that’s sat/vbyte.
I really do think it’s more accurate than thinking of bitcoin miners as “producing” bitcoin the way a manufacturer produces a product like cars or even discovered like gold miners discover gold. The bitcoin, all 21 million exist, just not on the ledger, from the get go. They only need to be auctioned, like treasuries. We don’t think the bidders on treasuries produce the 10-year! It’s just a weird auction mechanism where you have to prove work and your odds of winning the auction are proportional to your work / the total work by bidders.
I do get it and I think it’s right and I think it helps with a lot of misconceptions once you grok it fully. And as Dhruv says it shows you the formula for how bitcoin disrupts everything which is by making markets where there weren’t any, and building layers of distinct markets, including lighting and eventually the internet.
So, good job Dhruv.
But… it is not so easy to communicate is it? This thing is bloody hard to explain, as someone said once.

2025-02-06 14:35:55

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Extremely difficult habit to kick. Good luck and stick with it for awhile. It takes a long time to fully adjust.

2025-02-04 06:10:18

I woke up this morning from a dream in which I noticed I had re-sprouted a full head of hair. In fact, my hairline was actually too low, like encroaching on the eyebrows.
What does it mean.?
Will zap all interpretations.

2025-02-01 07:16:57

I can’t quite tear myself away from X, but I also can’t get that @npub1s05…eyhe voice out of my head.

2025-02-01 04:20:24

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Bounties were well-designed. Reachable, but also added real value.

2025-02-01 04:09:01

Now that they’re out of power (in the US), I wonder if it misinformation experts:
(a) realize the value of free expression and the dangers of censorship,
or
(b) continue to push for aggressive censorship, but assuming they’ll seize power again soon.
I’m thinking it’s (b).

2025-01-26 16:28:14

It’s not about eliminating trust. It’s about bootstrapping integrity.
#note19hu…kqdf

2024-12-23 07:38:14

Will write another post about this that’s NOSTR-specific. Why and where this makes sense to do. Subsidies for solar and why we don’t want them. Etc. In the meantime, this is a thread from that other site with nice pictures.
https://x.com/thetrocro/status/1870342559593357637?s=46&t=z8UE7xH1Oq1lkaJCi5kisw

2024-11-16 18:01:49

Love you, @npub1der…xzpc
#note1kme…r0wl

2024-09-29 12:25:25

Try to hammer this out of existence, John Kerry. Explain how winning an election will stop it.
The fever that needs to be broken is the fantasy of elite power over the collective mind. And tech like this, not an election, is what will do it.
#note13sd…ek3t

2024-08-28 16:13:11

Great privilege to be one of the final guests on What Bitcoin Did and share the results of our survey at The Nakamoto Project.
https://www.whatbitcoindid.com/podcast/who-owns-bitcoin

2024-08-06 17:56:40

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Let’s spread it far and wide.

2024-07-29 16:45:52

They waited a couple days. #note1x64…epqu

2024-07-24 00:06:49

Our study can be downloaded at nakamotoproject.org.

2024-07-18 02:23:31

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Yep. They get one shot, but that would be a great time to take it.

2024-07-18 02:09:05

Imagine. During the Trump speech in Nashville, the US government sells all remaining bitcoin.
Max pain.
“Liz Warren sends her regards.”
Dark Brandon memes.

2024-07-16 19:18:30

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Notice that we did not make that prediction.

2024-07-16 19:18:10

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I’m not the point person there… but very positive. Andrew, Bradley, and Craig have published a piece there once before.

2024-07-16 14:30:54

I actually work in one of these.
#note12yu…75y3

2024-07-16 14:30:04

Co-authored a piece in Newsweek urging Dems to pivot on bitcoin. We also plug “censorship-resistant publishing protocols” and link to a story on Nostr.
https://www.newsweek.com/bitcoin-can-protect-freedom-help-win-elections-opinion-1925491

2024-06-24 18:27:52

Let Germany sell. Let Gox-holders sell. Let the USG sell. Let El Salvador buy. Let plebs buy. Distribute, distribute, distribute.

2024-06-14 18:44:59

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Maybe if I play it faster…
https://m.primal.net/Ikmr.mov

2024-06-14 18:03:12

Words are not coming. If I keep writing they must! Right? Right?
https://m.primal.net/IklL.mov

2024-06-13 12:05:05

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We measured both

2024-06-13 07:53:37

Bitcoin is the people’s money. The network and its future belong to all of us. It’s not any better or worse than we humans.
Bitcoin’s flows of value? Millions of decisions. Gifts and exchanges. Someone is parting with one thing for something else, more valuable to them. Someone on the other side of that exchange is doing the same and both consider themselves better off in the aftermath… otherwise it wouldn’t have happened.
Bitcoin is just that, but scaled up to the globe.
And Bitcoin’s market cap reflects another human choice: to hold a non-debaseable currency over a debaseable one.
This thing is just preferences being manifested. The tech simply gave people another choice and another, more efficient and far-reaching way to do that.

2024-06-13 07:43:58

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Boss

2024-06-13 06:30:44

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There was a kind of libertarianism that shows increased rates of bitcoin ownership. Also self-identified libertarians were more likely to own it (still not very likely tho). But no relation on the right left scale or Dem-Republican.

2024-06-12 12:46:04

Would you believe me if I said there’s no statistical relationship between political orientation and bitcoin ownership in the US?
Dropping a report soon, to that effect.

2024-06-12 02:27:01

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I can’t say I am great at it, and right now the scythe has a handle issue. Blisters today! But I still enjoy it. Have been scything for a few years now and also using my reel mower. Tell me about your experience.

2024-06-11 18:47:14

Working on a new piece.
https://m.primal.net/IhEO.mov

2024-06-11 14:22:41

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Awesome

2024-06-10 16:30:44

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Welcome! Will be reading.

2024-06-10 15:34:50

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It’s a very cool and high-stakes experiment. I don’t just want to sit and speculate about it; I want to be a part of giving it the greatest possible chances of success.

2024-06-10 15:31:41

Back from Oslo. Almost no sleep. Got up early and wrote a couple hundred words (low quality, but something), got the kids off to school, scythed the lawn, did a mace/ kettlebell workout outside in the back alley, played 10 minutes of Bach and now back to writing. NOSTR life off to a promising start.

2024-06-10 15:26:09

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Just all the cool stuff coming here and I want to be a part of it and stay on top of developments. Lots of folks inspired the commitment including Matt but also Lyn, Jeff, Jack, and others.
Lyn made the point that she uses Nostr for her hottest and least filtered takes and I really liked that idea.

2024-06-10 13:13:42

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That doesn’t seem to stop the rug pullers.

2024-06-10 12:44:18

Dumb question: why won’t custodial scaling solutions prompt a series of rugs, and induce popular support for regulations that mean only banks can be mints?

2024-06-09 23:41:33

Inspired to move my thinking over to this platform. Will then take the edge off for the Twitter audience.

2024-06-07 22:35:26

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Hi Carine!

2023-09-15 14:02:08

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I don’t know!!

2023-08-03 22:02:44

This will be epic. #note1nmn…za8u

2023-07-18 06:45:26

You can lose your keys without so much as embarking and pushing off. Save your boats, people!

2023-07-06 03:43:35

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🤣

2023-07-06 02:36:22

Engineering on layer 0.

2023-07-02 13:09:41

Imagine nostr becomes wildly popular. Then it could become the AI censorship Death Star. https://twitter.com/perpetualmaniac/status/1675287728555167744?s=46&t=z8UE7xH1Oq1lkaJCi5kisw

2023-05-18 12:28:38

I always end up talking bitcoin with Uber drivers. They often have a history of shitcoining and are quick to see what makes bitcoin special.

2023-05-04 14:31:35

What is the easiest guide to onboarding ppl to nostr? I need ONE place to send ppl.

2023-03-26 03:53:51

Read it three times. Aloud. Every week.
https://www.citadel21.com/bitcoins-meme-wars

2023-03-04 04:16:30

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🤣🤣🤣

2023-03-02 06:45:49

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Wikileaks docs, a marriage proposal, or jpegs.

2023-03-02 01:44:49

What we will see in the coming years is the market valuing permanent, immutable publication of arbitrary data vs permanent, immutable publication of updates to a ledger. How does capital value these two against each other?
Another question is how do humans value these two against each other. As capital is concentrated in just a few hands… that is a very different question.
I’m uncertain on both.

2023-02-24 22:11:08

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I have heard this exact same thing so many times.

2023-02-24 07:12:08

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I always find it hard to keep focus towards the end for that reason. “OMG, I didn’t screw up yet, I guess here it comes?!” & that takes me out of flow.
Beginning is also hard.

2023-02-24 04:13:11

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Tell us more. I want to know exactly how it came out of their mouths.

2023-02-23 04:43:04

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Sats are showing up in my wallet and I’m sending to others, but not to notes. As soon as I figure out a client that lets me zap notes I’ll be spreading the wealth.

2023-02-23 04:32:54

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Yeah I don’t see the lightning bolts, but figured that is my client: Damus on iOS but not the beta, which is full.

2023-02-20 07:38:31

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Hi!

2023-02-18 22:01:22

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You beat me by a couple of hours.

2023-02-18 21:37:33

#[0] Verifying My Public Key: "@thetrocro"

2023-02-18 21:36:24

#[0] Verifying My Public Key: "Troy Cross"