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Last Notes

2024-10-20 04:41:08

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I really want to agree with but. But here’s the reality of how this works:
1. Like it or not, CrowdStrike are still leaders in the cyber security space still.
2. Contract terms can be really hard to cancel, require legal intervention that more often than not, is more expensive than any benefit gained by replacing a problematic solution to begin with.
3. It’s difficult (and very expensive) for most companies to rip & replace endpoint security solutions quickly. Think system integrations, staffing, training, all the downstream cross-sell products, etc, etc…that is not trivial to replace.
4. There’s not many players in this space that can meet the demands of enterprise customer requirements anyway. Think of the security and industry compliance that many companies (by law, or by contract), MUST have in place (SOC, GDPR, ISO, HIPPA, and more). CrowdStrike helps achieve these certification requirements…and theres not many others (handful at most).
5. CEO’s of big clients are ‘friends’. See you on Saturday for 10AM tee-time! Drinks at my place afterwards. This is just how its done.
6. Investment funds have built-in risk tolerance levels for tech firms, knowing there will be a ‘bug tax’, or flaw that could temporarily be disruptive and impact equity valuations. It’s tech…shit breaks, and they know this.
In short, while Crowdstrike f’d up, who’s to say that couldn’t happen to any security endpoint solution. They f’d up, they owned it…thats the risk you take with any technology. Technology isn’t perfect. Nothing in the space is.
I’m not defending them; poor QA controls, poor pre-testing on this one. 100% agree. But Crowdstrike still has an excellent record, and theres not many readily - and easily replaceable - alternatives that any company can pivot to at the first sign of any issue.
Endpoint security tends to be sticky. Especially for large scale enterprise accounts. They’re not going bankrupt any time soon. Not until there is a considerably cheaper, easily replaceable solution that meets feature parity of Crowdstrike. I really do hope to see CrowdStrike and SentinelOne become irrelevant with emergent decentralized open-source alternatives that meet 80% of feature parity at a 90% discount to average enterprise cost-per-client. This is 5yrs out at least.
Don’t be surprised if CrowdStrike could be the come-back story of the year.
Hope my explanation makes sense. It’s s good question.

2024-09-29 15:40:14

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Interesting!
1. Can we get a side-by-side listing of trade-offs DATUM compared to StratumV2? I’d like to know more about what the differences are in more detail, and what led to the decision to really create something new instead of building off V2.
2. Are there any other specific aspects of mining centralization that DATUM still leaves unresolved? Where are there still decentralization risks theoretically assuming if this is largely adopted over the next 3-5yrs? Curious to know what Ocean thinks looking forward on this.
3. Are there plans for Ocean to push / advocate for knots? Or is that not the scope of the business plan? Knots could use some marketing / documentation help, maybe there’s an opportunity to do this with Ocean’s efforts. If knots has real advantages over core, this has not been well communicated. Convince more people why knots is better, why doe is advance the decentralization ethos over core, broaden the dev resources & interest in the project, etc…Ocean might be able to help.
4. What are the payout changes/fees etc.. that Ocean pool can set expectations for? Assume this will change as you’re still in bootstrap-mode, so it would be good to really be transparent to what those fee/changes may be in the future (if any). Don’t make people think this is a bait-switch tactic!
Looking forward to seeing how this plays out in the market, exciting stuff! It’s great that Ocean is really taking this mining pool centralization seriously and taking steps to deliver real alternatives with real incentives. And thank you to Jack and others with the funding support to make this a reality. Great work by the team!

2024-06-01 16:47:48

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Ok, I see. Thanks for the explanation. It’s an incremental improvement.

2024-06-01 04:37:25

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How exactly does DNS become un-used? I have a hard time believing that there’s not one dependency that requires a domain lookup call in some form or fashion. Thanks in advance, really interesting.

2024-05-23 20:46:35

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Need to research more on MM. I believe its just another branch of Joe Lubin and Vitalik’s empire. This is not what is needed. Also, there’s data/articles on how MM collects all user IP addresses.
Infura -> Consensus -> Joe Lubin.
Hard pass on MM.

2024-05-01 16:19:54

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Assuming this was the reason for your comment:
https://www.reuters.com/business/finance/us-prosecutors-examining-financial-transactions-block-nbc-news-reports-2024-05-01/

2024-04-28 15:43:48

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How much would it realisticly cost to bring a legal challenge like this to the US supreme court? $10M? $25M+?

2024-04-08 14:31:06

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Is there a workflow diagram / visual presentation to explain how this works, what are the steps, who does what, where counterparty risks may be? Very interesting, but since its bleeding edge it feels like a black box. Would be very helpful to explain this simply & visually to help onboard people.

2024-03-06 04:37:28

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It would be really interesting if they offered bitcoin payments and options for integrated lightning as a service. Agreed with the article, they could offer a compelling competition if they focus on the top 10% of common services ftom AWS/Azure. But won’t be easy. Reliability will be hard, and handling the influx of demand might be a challenge if they aren’t able to attract the right talent and have capital to back it up through what might br a very tumultuous H2,2024/early 2025. Will keep an eye on this though, thanks for sharing!

2024-02-28 15:54:00

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Great to see your posts on NOSTR. Looking forward to seeing more and bringing others to this space. Freedom tech will win as the saying goes!

2024-02-09 04:19:04

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There’s a portion where Putin talks about the US Dollar. I would listen.

2023-11-25 04:48:32

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Not enough discussion about the issues in mining; why is there a stratum v2 that’s being proposed / what are the problems it aims to solve, and what are some of the logistical issues that miners must deal with pools (what type of pools, who runs them, how do you even create a pool, how does one attract miners to a pool to begin with, risks, etc.).
Another area i don’t think gets much attention is the process by which code is approved - and actually added to - the next version of bitcoin core. It’s a bit techy, but very important. Who are the people / devs that hold the keys to even add / commit code to the next version - who appointed them, how did they get it, what happens if they aren’t around or go rogue. Commiting code, and merging to a git branch for release to the public requires some level of human intervention. So…who is that exactly? And why? Along these same lines, what’s the plan if github itself becomes corrupt (not so much from a technical perspective, but from a legal or legislative one should an event occur). There’s a million copies of bitcoin core - got it. So what do the tens of thousands of node operators do when github is gone - are they all aligned on plan B and C? Where do bitcoin core devs now go to continue development?
These topics need more coverage, as they underpin how bitcoin works. The ‘it’s on the internet and open source’ isn’t a good enough explanation - sorry, doesn’t cut it. Need to dig into the mechanics and logistics. For anyone that’s managed a software repo or devs - coupled with an extremely dispersed user and dev base - if your code repo becomes hosed, or there no longer exists people who had signing/commit authority to build a new release - you’ve got a big problem on your hands if you dont have a very well thought out plan B and C.
Perhaps there exist mitigations for this and if so, great; what is it? If not, then this is a risk thst needs to be delt with - quickly. As bitcoin grows, so too will the responsibility to keep bitcoin core releases….releasing. With hundreds of billions, then trillions at stake, these are not unreasonable questions.
Thanks for reading. BCB is a great podcast, really enjoy the content.

2023-08-25 04:37:52

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This was a great pod, really enjoyed listening to this!

2023-08-23 13:31:36

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Purchased! Looking forward to it!

2023-08-11 15:23:40

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Do you think there’s room to put together a professional-grade documentary about Custodia’s journey on all this? Maybe at some point in the future when current legal items settle. Congrats on the progress in face of all the hurdles!

2023-07-28 02:16:05

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Thanks for passing along Preston! If this doesn’t clearly showcase incentives, I don’t know what will. Good luck competing with blackrock barry!

2023-07-27 05:12:53

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Define the best outcome to achieve on this and the single most important thing needed to be successful.

2023-07-24 21:48:49

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Here are some videos that might help. Bitcoin University has 1000+ videos on just about any topic related to Bitcoin. Feel free to browse it has a wealth of information.
Explaining why HEX is a scam:
1. https://www.youtube.com/watch?v=l8TqrC43r0A&ab_channel=BitcoinUniversity
2. https://www.youtube.com/watch?v=KF0orFzxBSk&ab_channel=BitcoinUniversity

2023-07-17 04:18:16

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What’s the signifigance of the Brachiosaurus on slide 2?

2023-05-03 08:45:26

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Recently came across your dashboard, and love the data you consolidate here - Awesome work! I’m still learning about mempool, so I have a question. How do I know what reasonable thresholds / expectations are for these specific KPI’s that would indicate a problem or something super positive? Thank you for any feedback, and I’ll pass your board along!

2023-03-04 03:51:14

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Thank you Lyn for all that you do!