Lonelypumpkins

🐤

Public Key

npub1jextjwgfkzspzk7h0yl6j27a8aqkaumncwajsrmmvsff5gt20q7slys82z

NIP-05 Address

lonelypumpkins@nostrplebs.com

NIP-57 Address

lonelypumpkins@walletofsatoshi.com

Profile Code

nprofile1qqsfvn9e8yympgq3t0thj0af90wn7stw7deu8wegpaakgy56y948s0gpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3wamnwvaz7tmwdaehgu3wvekhgtnhd9azucnf0g05ulf2

Publishing to

relay.damus.io

nostr.fmt.wiz.biz

Author Public Key

npub1jextjwgfkzspzk7h0yl6j27a8aqkaumncwajsrmmvsff5gt20q7slys82z

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Last Notes

2024-12-23 10:18:22

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I remember learning from him that sim swap attacks pose a risk to cold storage sats

2024-12-20 21:33:08

Slight tweak...ETH isn't worth 0.15 BTC anymore.
#note1fmm…zyqc

2024-12-17 17:19:51

TIL: Nasdaq-100 is a stock index that holds the top 100 non-financial companies listed on Nasdaq. This index is tracked by many passive index funds, notably mega-ETF QQQ. Being in this list is a big deal for a publicly traded company, as it means that lots of funds will be buying their shares irrespective of price/PE/opinion, because they have to own what's in the index. The index is reassessed periodically (quarterly?) for who belongs and who doesn't, and they have 3 substitutions this month.
In: Microstrategy, Palantir, and Axon Enterprise
Most of you are familiar with MSTR. Palantir sells spyware, and Axon is a tech/weapons company whose best seller is the Taser.
Out: Illumina, Super Micro Computer, and Moderna.
Illumina develops genetic research products, SMCI makes AI hardware, and Moderna was one of two companies who brought COVID vaccines to market.
I'm getting a kick out of this info, for reasons I can't quite articulate.

2024-11-25 12:27:03

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success in this context is a process, not an endpoint. in 2000, could have said internet is succeeding even though majority of world has never been online.
what would be bitcoin's success to you?

2024-11-25 10:45:19

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I say yes...does depend heavily upon definition of success though.
To me it's succeeding now as well, even though probably >99% of people have never sent or received actual sats, lightning or on-chain

2024-11-22 16:10:41

https://m.primal.net/MeMo.jpg

2024-11-18 19:48:26

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Some info surfaced a while ago (2023?) about some of the promotions he was running, prior to the adoption of his current nym. See if you can find it.
IIRC, he was hawking get rich quick schemes.
There may be some signal in his videos currently, but I'd wager he'll eventually move to cash in his social capital in the space and exit scam in some way. Strong Richard Heart vibes...that dude put out legit content for years, then used his social capital to fleece people.

2024-11-01 01:59:22

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1pm both dates
Simpson Library on Sat Nov 9th
Denim Coffee Mechanicsburg on Sun Nov 24th

2024-10-31 18:11:46

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a classic example of rent seeking is someone who installs a chain across a river, and when a boat gets hung up in it, charges them to raise the chain.
there's some overlap with extortion.

2024-10-31 16:19:00

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Respectfully, I don't think you understand what rent seeking means.
Things that embody rent seeking extract value from a transaction without adding value.
Saving money isn't rent seeking.

2024-10-22 19:12:37

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ok, I'll take a look tonight

2024-10-22 15:47:54

Email just went out: (links turn to text, did include video titles in text)
Greetings Central PA Bitcoiners!
Our monthly coffee meetup is this Sunday, Oct 27th, at Denim Coffee in downtown Mechanicsburg. Come join us at 1pm!
This is the second time I've used "then they fight you" in the subject of an email. The first time was in April of this year, and it was referring to the arrest of the Samourai developers. There were some news items this week that evoke that same notion.
1. ECB economists publish a paper attacking bitcoin
2. Italy proposes plan to increase capital gains on bitcoin from 26% to 42%
3. Minneapolis Fed suggests banning or taxing bitcoin to sustain deficits
The hypocrisy is off the charts with these. In the first one, the argument is made that early bitcoin adopters are getting rich and capturing wealth from later adopters, in a zero-sum scenario. Of course, this is not zero-sum, and it's how holders of any capital asset are compensated for their risk and correct choices. People who bought AAPL at $1/share 20 years ago are able to realize profit due to the buyers that value it more than that now. Likewise, today's asset buyers will profit in the future if future buyers value it more than they do now.
A wonderful juxtaposition with these news items is a recent video which compares the current Bitcoin-focused pushback to pushback against past disruptive technologies, entited "Bitcoin and the Death of Energy Misinformation" on Swan's YouTube channel. There is a long history of instances where the old guard attempts to FUD the thing that's disrupting them. For example, the bicycle came to prominence in the 1890's, and disrupted several existing industries: horse and buggy, riding apparel, railway, and public transit. A newspaper article was written that claimed "the bicycle to be the most dangerous thing to life and property ever invented". The bicycle since has become the most ubiquitous means of mechanical transportation worldwide.
Lastly, I'll leave you with this gem of a video I recently came across called "Six reasons to withdraw your bitcoin from exchanges" by Arman The Parman. My favorite is reason #6: "Unless you take coins into your own custody, you will never fully appreciate how bitcoin works. If you don't appreciate it, you won't buy enough of it, and this you will regret." Reminds me of the saying "let your education drive your allocation".
Enjoy the rest of your week, friends. Hope to see you on Sunday!
~Lonelypumpkins
Central PA Bitcoiners

2024-08-16 23:27:58

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Dunning-Kruger at its finest

2024-07-22 18:56:41

Apparently Swan is canning some high level employees, including Sam Callahan, and backing away from their mining ventures.
They haven't been involved with mining for that long...they bit off more than they can chew I'm sure.
Cory spinning layoffs and divestment as an "incredible moment".
They learned what a brutally competitive industry mining is. Halving was 3 months ago, and they've been getting squeezed harder and harder since...

2024-07-11 00:18:44

#Bitcoin 2024 keeps trying to alienate attendees more and more each week...
first Russell Brand, now Donald?
I'm calling it...next week they'll announce Epstein's ghost as a featured speaker.

2024-06-22 16:43:31

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nice work!

2024-05-26 10:41:42

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if you're not gonna run your own node, Wasabi might be the best light wallet to run these days privacy-wise, coinjoin functionality/drama aside

2024-05-23 17:06:51

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🤔

2024-05-15 15:04:47

"Vanguard Adds New $100 Account Closure and Outgoing Transfer Fee"
Just a coincidence that VG never had an exit fee for decades, in Jan 2024 blocks bitcoin ETF buys, then in May 2024 announces steeper exit fee than all of their competitors, right?

2024-05-09 12:55:19

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"he is a she/her".
Roger that.

2024-05-08 23:17:32

https://m.primal.net/IElY.jpg

2024-05-08 17:32:06

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I'd suggest CC over trezor.
the model T does have more functionality over the original model. both can be pwned easily if the attacker has physical access to the device.
both have btc only firmware you can run, but that doesn't change the fact that the company spends a lot of their time working on shitcoin BS instead of working on making a better hodl storage device.
do trezors have value? probably.
in a world where CC are available, would I ever suggest one for storing someone's hodl? no.
if price doesn't make sense for a CC, it shouldn't make sense for a trezor either...just repurpose an old phone and run bluewallet or envoy on it.
passports are solid choice too, btw

2024-05-06 18:12:38

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for someone who earns median W2 income in the US, which is a more valuable asset for the federal gov in a given year?
1. the taxes they pay on wages and capital gains
2. the cumulative demand on the price of USD that results from transacting in USD, and their holdings of USD instruments (cash, bank deposits, MM funds, bonds)

2024-05-06 18:02:30

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https://youtu.be/ojXxuibPLp4?si=f33WeCPnhR8-TTvZ

2024-05-01 16:09:40

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once sparrow is set up and talking to coldcard via the channel of your choice, send and receive a few test transactions.
setting up a wallet on sparrow and receiving are important steps, however the true crux of testing a new setup is to spend out of it.

2024-05-01 16:00:30

https://m.primal.net/ICAv.jpg

2024-04-28 18:46:06

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I'm an advocate of not asking questions that imbue an aspect of social pressure to do a certain thing or tacitly imply that one's timeline should be hastened.
ie if in a relationship, "when are you getting engaged?"
if engaged, "have you set a date yet"?
if married, "when are you having kids?"
These are plans for the partners to decide on their own timelines...or not if that's their prerogative.

2024-04-28 13:33:03

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original Ocean's Eleven, Sammy Davis Jr?
that one gets stuck in my head sometimes too

2024-04-28 13:31:56

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what do American UTXO's look like?

2024-04-24 21:55:57

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the bitcoin is always in your custody, never the coordinator. they never have/had the ability to stand between you and your sats.

2024-04-24 21:51:09

Any Samourai users who had funds in their wallet...if you don't run your own node, and have been using their servers, the wallet might not work now. Great opportunity to get acquainted with Sparrow.
PS when importing your seed, keep in mind that your Samourai password is actually a wallet passphrase in Sparrow.

2024-04-24 21:45:37

now where was that dang samourai apk file...

2024-04-24 21:43:39

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yeah, definitely most efficient to offer to pay whoever finds the block via txn fee...gets rolled into coinbase UTXO with all the rest

2024-04-23 15:24:06

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If the transaction itself pays to a certain pool's address, that might be out of band in the context that it's not calculated in the txn fee...certainly more transparent than using a credit card to pay a pool to include a txn.
I have wondered about that...if pools currently monitor the mempool for transactions that pay to their own publicly known addresses. One could pay a small txn fee and have one of the outputs be a certain pool's address, so that pool's incentive to include it is much more than other pools'.

2024-04-07 23:23:12

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uncanny valley x 100

2024-03-30 15:50:59

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the physical limitations of gold are what allowed the legacy financial system to insidiously deviate from the gold standard to the debauchery that currently exists

2024-03-19 01:01:45

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keep on keeping on sir...

2024-03-06 15:24:22

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close approximation...to be more accurate, you'd want to make those candidates several years older than the US median life expectancy

2024-03-06 15:14:15

Sparrow wallet continuing to wipe the floor with other wallets...
#note1uy4…4t2g

2024-01-22 17:56:59

https://image.nostr.build/d1485322b9cfbd128b435bfb3b8b513c1ad6e4c979f1afe60de286d9629c8aca.jpg#m=image%2Fjpeg&dim=524x499&blurhash=%7CMDJ-Z%3Fv%3FctRM%7CRjV%40j%3Fj%40*0D%25o%23WYozj%5Baej%3DWAyEDiRjt7xuxuaeRjRj%25io%23bIj%5DWCWBWAWAof%25N%25Mt7ogbIWUafoLofRjMxIAWCbIj%5DofV%40ayE1IUM%7Bj%5Bt7ofayWBay%25NtRWBflWBRjofj%5Bj%5B%25MogaeaeWBWCozoff6&x=1233d2b1aa0bff6bf1b6ad483c9d66afd4766c701b9a90d3a21168a999fbd9f1

2023-12-22 15:31:44

For anyone wanting to gift on-chain sats to multiple people this season, a way to decrease your transaction fees is to batch the payment into a single transaction. Electrum, blue wallet, and especially Sparrow make this process straightforward.
For Sparrow, when in the "send" tab, just click "+Add" on the right, and you can input the additional addresses and amounts in the new tab.
If you were to gift sats to 5 people, with a fee rate of 150 sat/vbyte, sending to each of them with their own transaction would cost 21k sats per person...sending as a single batched transaction would cost 8k sats per person.

2023-12-21 21:40:29

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Might help you grok this if you mess around with a SHA256 calculator, like https://xorbin.com/tools/sha256-hash-calculator
Paste in the first paragraph (the description under the calculator, starting with "The SHA") and it'll give you a hash that starts with ae8b.
If I told you to make changes to that paragraph until you generate a hash that starts with 0, you should hit that target once every 16 modifications on average, regardless of if you start adding letters to the beginning, subtracting from the middle, or changing punctuation at the end.
Instead of that paragraph, hashers are using block templates and nonces as inputs. Both can change every time, or just one can change, and the odds of finding a hash below the target isn't affected by which one is changing (or if it's one or both).

2023-12-21 20:53:58

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You have to keep iterating changes, then hashing with SHA256, to keep trying to find a hash under the current target.
A few of these levers are to include/exclude a transaction, reorder transactions, or iterate the nonce.
All hash attempts are equiprobable in finding a valid block, irrespective of which levers you're pulling.

2023-12-20 02:04:56

https://image.nostr.build/9f62c9bddcd970281f874bc97e49c312e0589a0838063c98f8b56ca7f85a3c3e.jpg#m=image%2Fjpeg&dim=500x635&blurhash=_EEL%3FD%2510058E1%24%24%252%3D%7BWBI%3BIoRixaRj%3FwozDi%250enM%7CkCJ%3AxZw%5DxaNHELt6tmRjV%3FxaM%7BWBofoyI%3BRis.xuxaR-Q-of%25MIpNHt6WB%24*s.IoNGt7oLxt4oWB%25MocxaWXj%5B&x=5ec2afe3c1b6d38536ccac80a768484496c8ed7d58a0d77ee8d732102fd2742f

2023-12-06 13:05:02

https://image.nostr.build/903451e2408184274f51c6a2667742d921b92ba013e23aabbe67f4cf984e6818.jpg

2023-12-04 14:59:31

RIP Sticky Vicky
https://en.m.wikipedia.org/wiki/Sticky_Vicky

2023-12-02 14:54:09

I don't listen to a lot of top 40 radio. Hearing some today, and amazed by the lack of original songs.
Almost every song is a rehash/remix of another song from the past few decades.

2023-11-24 10:26:57

some things you can do with any sats you might happen to have in WoS...
(1) Send the sats to another lightning wallet...since WoS was the easiest (and most cucked) mobile lightning wallet available, there's gonna be a learning curve if WoS is the only lightning experience you've had. Breez and Muun are probably now the easiest mobile lightning wallets available. Muntiny can run as a webpage, a cool feature...make sure to keep that seed phrase safe though. The self-custodial lightning wallets will require either your node or a LSP's node operating in the background, and these are the most bulletproof options, with the greatlest amount of logistics required. Bitbanana (previously known as Zap), Zeus, and Blue Wallet are some mobile options here.
(2) Send the sats to yourself on-chain. WoS will send on-chain txns as long as your balance is great enough (probably 10k sats of so). An interesting note is that in order to use WoS to receive on-chain, they charge a 0.5% fee (which is very uncommon for wallets to do and demonstrates that they held the keys the whole time).
(3) Buy something with the sats...some options are Bitrefill, extending your VPN term, or swag from lightning.store.
(4) Donate the sats to your favorite cause.

2023-11-19 12:36:08

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Cheers Dan! Next meetup is 3pm on Sat, Dec 16th at the Barn at Creek's Bend in Carlisle

2023-11-16 10:29:50

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If you need your payment to confirm quickly...someone might have sent a deposit to an exchange, or is trying to pay for a service they want ASAP. Most counterparties don't treat mempool txns as payments, so it's not "paid" until it's in a block, or in a block that's had some more blocks built on top of it.

2023-11-16 10:26:54

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There's no incentive to pay way over like that. No matter how much you pay though, the fastest it can ever confirm is when the next block is found. Blocks are found every 10 minutes on average, however the next one could be found in 10 seconds or an hour...

2023-11-13 16:56:00

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WoS should be considered to have comparable security to the mesh pockets in the waistband of bathing suits.
Could the $5 bill I put in there get swept out to sea? Yes. But I might want a sno-cone, and taking the risk is worth it.
Knowing the risk is indeed important.

2023-11-12 22:43:20

https://image.nostr.build/58c3a245944bad49ff8a1e71f65262056e27d25705cb62249fa18b2c8da64d0f.jpg

2023-11-12 18:43:14

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Ahh...I didn't see that one. I remembered they had canons from different well-known bitcoiners and Odell was among them, and it's not there today.
So they're saying that following what they themselves described as best practices (or a writer who they're promoting on their site anyway) will get one kicked off of their platform then now, no?

2023-11-12 18:27:31

@npub1tft…xar5 used to have this great privacy guide by @npub1qny…95gx on their site, among other canons by other curators.
I can't find it there today...what gives, Swan?
https://web.archive.org/web/20220216155848/https://www.swanbitcoin.com/canon/privacy/

2023-11-12 17:18:10

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Bitcoiners should strive for this goal

2023-11-08 17:54:24

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If you can find a place to make bulk purchases of your meat, that can reduce cost considerably. You will probably have to invest in a standalone freezer, however I'd wager it'll pay for itself in under a year.

2023-11-08 16:59:29

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Wicked from Cafe Bitcoin, Rustin from Simply Bitcoin, and Rick from Cryptocloaks

2023-11-05 11:40:22

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@npub1u70…tqna weekly panel on Friday was really great this week

2023-11-03 17:02:29

Stop calling our charade a charade, please.
https://image.nostr.build/69beacbe6b783510d6f45b2b3e6ba82d4a75b5162a181b7f0544c11617016262.jpg

2023-09-21 21:38:58

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I'd put the 2024 halving likelihood
somewhere between Punxsutawney Phil still being relied upon for weather advice in 2024, and the sun coming up tomorrow.

2023-09-19 14:38:36

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Doxxing Cobra was faketoshi's ploy all along...

2023-09-18 16:49:59

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Just breaking your balls...good meming

2023-09-18 16:23:30

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Goats actually cost something to produce though...

2023-09-11 16:13:56

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Nice troll guys

2023-09-08 19:55:30

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We keep learning about the iceberg beneath the surface that is/was Swan custodian train wrecks.

2023-09-06 20:47:05

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Yeah, multisig is the antidote to this risk.
One CC in a potentially pwned safe, one hidden under a mountain, one in your safe deposit box. Still need PINs too, like you mentioned.

2023-08-30 19:27:56

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Even if we put aside the tracking issues with CPI, someone would have to administer this. Armstrong says that an advantage over current stablecoins would be resistance to censorship, however there'd be no difference as the administrator could be leaned upon.
Also, in fiat terms, this product would have a "return". Buy for $1 in 2024, spend/sell in 2026 for $1.20. Where does that difference come from? Someone has to be on the other side of that to finance the difference, in essence shorting the CPI.
Swap products, futures, or street craps...someone has to be on the other side of the transaction.

2023-08-28 18:18:24

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https://nostr.build/av/1a372ea2070e4867b282c13de8d602b85f8e8b8640e1a097e0eaf020df7f0597.mp4

2023-08-27 13:38:06

Self-custody does put a lot of responsibility in your hands...all the responsibility, in fact.
If you feel like you're getting in over your head, zoom out, and practice some reps with smaller amounts. Get your coldcard (or whatever cold storage you're using) set up, send 50k sats to it, then back out. With a relatively small amount of sats on it, and with seed in hand, wipe the device, then go through the process of restoring from seed. Keep increasing the amount that you're storing on it as your comfortability level increases.
All these things take time and may seem tedious...it's time well spent. Once you've developed familiarity with these processes, it becomes to feel natural to trust your hodl to your own setup.
Make sure to keep that seed safe...keep it secret, keep it safe.

2023-08-26 15:07:29

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Sly, roundabout way...love it

2023-08-23 16:04:46

Lunch thought...what an inefficiency that breakfast/lunch wait staff has to deal with..."white" and "wheat" are basically the same word when spoken.

2023-08-21 17:11:18

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You're spot-on about the debt rolling over being the impetus for more massive QE (aka sanctioned counterfeit of USD)
https://cdn.nostr.build/i/f5feea62f4da11a9262c2d7427bc46f525cddbf9c12e38ef97fca6dcf1f0e5c6.jpg

2023-08-21 17:09:03

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Remember that former bitcoiner you met? The one who got orange pilled, went down the rabbit hole, had the majority of his net worth in bitcoin, then changed his mind and aped back into dollars? Me neither.
It's a one-way function...numbers might change here and there, but the trend is undeniable.

2023-08-21 16:51:02

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Let's see...that's all the new supply, plus 1,584 more coins, gobbled up per day. If carried on through the current halving epoch, that'd be all new supply + 428k coins. If the same demand remains through next halving epoch, that'd be current supply + about 3m coins over those 4 years.
So call it 3.5m coins over next 4.5 years.
Haven't looked at liquid vs illiquid supply in a while...I think liquid supply is only 1-2 million coins.
The only way that this can carry on is for long-term hodlers to become more enticed by what they can trade their sats than they're enticed by hodling them.
Hodlers are very enticed by holding sats 😎

2023-08-16 21:07:19

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TIL that inflation is a right-wing talking point.

2023-07-31 16:16:33

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I forget where, but I heard recently that end to end encrypted chats are in the works for some nostr projects.

2023-07-19 15:34:25

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Some bathing suits I've owned have a little mesh pocket on the inside of the waistband. I am comfortable putting a folded $20 bill in there, in case I want a sno-cone or something. If the ocean decides it's gonna take that $20, so be it...I accept the risk for the functionality it offers.
Not gonna put my life savings in that little pocket, though.

2023-07-14 11:24:01

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Send fiat via ach...you're giving your privkey to counterparty & trusting that their fear of violent retribution by the state will keep them from sweeping all your funds to themselves.
Send sats...you're giving your counterparty the agreed upon amount and only the agreed upon amount, and trusting the network, and the impossibility of reversing a SHA-256 hash.
I know which one I trust...

2023-07-12 15:57:51

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Can proxy TG through tor, via orbot...messages work the same, videos are slower to load ofc.
SimpleX is a potential TG alternative I'm seeing

2023-05-17 22:04:00

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NVK has said something to the effect of when considering your setup, figure that BTCUSD is 10x what it is now...it'll probably be there sooner than you think, and when it's there, fees might be high and you'll be more anxious about moving your hodl around.

2023-05-17 21:02:25

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I think up to 5% is reasonable...but then again, if someone had $2k of BTC and wanted to buy a coldcard, I would support that decision. New security devices that increase your knowledge & experience are valuable in that respect though too.
Also keep in mind that if you're comparing it to other investments, 5% might sound like a high expense, but there are zero ongoing expenses for hodling.