ChrisMartl
Chris Ⓜ️Ⓜ️🅱️ Austrian Bitcoiner

https://wtfhappenedinfeb2023.com/

Sapere Aude!

Educate yourself, do not trust, verify and act accordingly.

Most importantly understand the individual incentives and motivation.

Question everything!

Study Austrian Economics & BitCoin

Advanced Bitcoin Mantras from Bitcoiners for Bitcoiners:

Study BitCoin
Not your seed, not your UXTOs
Not your regular node, not your rules
Not your miner, not your network
Not your selected pool, not your defense

Public Key

npub12dqaahgwa5zd90x8tkw93un5ef6pv9wqcws2x0ksc6q379u0k9ws7g2t6a

NIP-05 Address

lno1zrxq8pjw7qjlm68mtp7e3yvxee4y5xrgjhhyf2fxhlphpckrvevh50u0q23ktt6ee4txgm995ygkj0d4dpydas6qudc7h6adafdmkr22qggwyqszgehgll67j62ehha5cuad58y4thghrycseptvaw2hs3hg8gchhggsqvess4c4wfxjafk4jpf7ylfx5qkvmrnfp6e57lpspds24sharsq2ph9xgd8dex667a2ddwm6pw08ss2hfzz3qtrlwy7kjwyez5kffpa83e4thdmlhu2px7yk343wmggkhs200rtfwqqsm6zjqvccgq3amyysmrzvdru4mu@dummy.dummy

Profile Code

nprofile1qqs9xsw7m58w6pxjhnr4m8zc7f6v5aqkzhqv8g9r8mgvdqglz78mzhglpq7u9

Author Public Key

npub12dqaahgwa5zd90x8tkw93un5ef6pv9wqcws2x0ksc6q379u0k9ws7g2t6a

Show more details

Last Notes

2025-01-19 21:28:39

- reply

A ticker?

2024-11-10 11:21:13

#Bitcoin
• Consent is individual.
• Consensus is collective.
Each one Bitcoin’s End-User (consumer) consents to a particular Bitcoin Node (Hardware AND Software); consents to participate, acquire, and operate a node; to 'run a node'.
Out of this consent, a consensus emerges…

2024-10-21 17:52:58

- reply

“The breach of trust is a key element that distinguishes embezzlement from regular theft.“

2024-10-21 17:52:12

- reply

The key differences between embezzlement and theft are:
1. Relationship to the property:
- Theft involves taking something that does not belong to the thief.
- Embezzlement involves misusing property or funds that have been entrusted to the perpetrator.
2. Position of trust:
- Embezzlement typically involves someone in a position of trust, such as an employee, agent, or fiduciary, who exploits that trust for personal gain.
- Theft does not require a prior relationship or position of trust with the owner of the property.
3. Intent:
- Embezzlement involves a betrayal of trust and a deliberate misappropriation of the entrusted property.
- Theft may be carried out without any prior relationship or trust between the thief and the owner.

2024-10-19 12:02:55

Bitcoin must NOT be changed into Bithereum https://image.nostr.build/a0a82a06c69fed14425c09a5cc7de239bdacd3eaa68e5c5ec037f187706008eb.jpg

2024-10-19 11:23:21

#bitcoin
Bitcoin must NOT be changed into Bithereum:
₿ under the Bitcoin’s system shall reach the status of MoE; i.e. Money.
Then, separate services can be offered against exchanges of ₿:
• Instant payment platforms
• Data storage platforms
• Financial vehicles platforms

2024-10-17 09:31:44

#bitcoin
“fights” for technical consensus rules are so inherently to Bitcoin, like the warfare between states for the dominance of a particular territory.

2024-10-13 19:57:58

- reply

No. At best it can be said scarcity denominated in terms of ₿.

2024-10-12 11:38:31

https://youtu.be/qeXxU8SDyAo?si=qg6JwObT0D7L9SSx

2024-10-12 08:41:58

- reply

I don't think so… ‘action’ would be a better one…

2024-10-11 10:14:00

#bitcoin
Without an initial demand for ‘consensus rules’ checking Bitcoin Node proper ownership/disposition, ₿ can’t become MoE and thus “money”.
Proper node ownership means disposition of the hardware AND the software.

2024-10-10 15:49:52

Will Bitherium be better than Bitcoin? 🤔
And if better, better at what? 🧐

2024-10-10 06:09:50

- reply

What was presented or which Bitcoin prominent was present in BTC Amsterdam?

2024-10-09 07:11:11

- reply

And probably you thought, you could reach a profit from it; hopefully not a retrofit…

2024-09-28 16:26:05

#bitcoin
Bitcoin is an invention using P ≠ NP in a distributed network of instances synchronized by technical consensus rules.

2024-09-18 17:19:21

- reply

Like making an alliance with Bitcoin Core Organization. Bithereum coming? 🤔

2024-09-14 17:53:49

A graphical analogy of the arbitrary data insertion problem.
• The amount of data on the left side can tend to infinity
• The processing and primary storage of the non-mining node is limited. (Can’t tend to infinity)
• The secondary storage capacity on the right side is limited. (Can’t tend to infinity)
How could limited resources process and store data that tend its amount to infinity? https://image.nostr.build/b4ace9da55c8073ae165ee8b02df3b387c8a4b48086fa4cf76363ff74e0b1b9e.jpg

2024-08-15 16:21:10

#Champion
#bitcoin
Kill your heroes and become a champion! #Study_BitCoin!

2024-08-13 16:51:32

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Symbol?
Something like this? 🤔 https://image.nostr.build/fb251efec771901217a072746688410d5b5cb97a846faa69b55888a05d876e06.jpg

2024-08-13 16:17:45

#bitcoin
µc (microcent)
bc = ₿
µc = (1/1’000) * (1/1’000) * ₿/100

2024-08-13 08:41:47

#Bitcoin
If the computational processing for the:
invalidation rule set checks
is not privatized in the interest of the “hobbyist” or “enthusiast” Bitcoin’s participants, then it will be done in the interest of:
Mining-Pools.
Pfew…

2024-08-13 08:37:10

#Bitcoin
If the primary and secondary storage for the:
UTXO Set
and
Timechain
is not privatized in the interest of the “hobbyist” or “enthusiast” Bitcoin’s participants, then it will be done in the interest of:
Mining-Pools.
Pfew…

2024-08-08 04:21:36

#Bitcoin
Instead of using the misnomer terminology “Full” Node, better use these:
Nakamoto Nodes:
BitCoin 0.01 - Bitcoin-Core 0.13.0
SegWit Nodes:
Bitcoin-Core 0.13.1 - Bitcoin-Core 0.20.2
Taproot Nodes:
Bitcoin-Core 0.21.0 - v27.1 (and current version until next Soft-Fork).

2024-08-04 10:15:36

#Bitcoin
#Bitcoin_Core
At the current day (Sunday, August the 4th, 2024)
The Bitcoin-Core Organization is:
40 %: Brink
20 %: Blockstream
20 %: Chaincode Labs
20 %: BitMEX

2024-08-03 08:17:11

#Bitcoin
The usage of ₿ as money is also for “enemies”;
but “enemies” don’t have any legitimate rights to intrude the property of node owners.
GFY arbitrary data insertors
https://wtfhappenedinfeb2023.com/

2024-08-03 07:42:26

#Bitcoin
Get out of the confusion in regard to the word Bitcoin…
Bitcoin: General abstraction of the concept
bc: unit of account (also ₿)
µc: microcent; subunit of account (also known as Sat)
Related terminologies:
Bitcoin’s System
Bitcoin’s Network
Bitcoin’s Software
Further terminologies:
BTC: exchange rate of bc vs. some fiduciary fiat currency; usually USD (also as ₿/$)
BitCoin: the very first Bitcoin’s software authored by Satoshi Nakamoto
Bitcoin (Core): Software based on BitCoin and not authored by Satoshi Nakamoto https://image.nostr.build/4a3471552c5a9006f296a21414659b648a66cd06ac31714bb6a4353e2fd72e5b.jpg https://image.nostr.build/9fa26c4207b8abe4df5eb136f6acb3acbafde8e141bf662c7b7479f9ed89635b.jpg

2024-08-01 16:14:21

#Bitcoin
Bitcoin would offer a better usefulness or serviceability for its consumers and thus have a higher “value proposition”, if it is also a medium of exchange (MoE), rather than just only pure SoV.
Pfew…

2024-07-31 16:02:50

- reply

“Acceleration” business? 🤔

2024-07-25 10:50:18

#Bitcoin_Core
Who approves, disapproves, controls or limits the power of the “big five” to exercise “merging” into the Bitcoin-Core’s GitHub-repository?
Who shall guard the guardians? 🤔
Monopolistic centralization is a threat for #Bitcoin

2024-07-24 08:10:56

#bitcoin
Another word used to obfuscate:
“Prune”
As a verb, it means to cut off or remove unnecessary parts, especially branches from trees or shrubs to promote better growth or shape; orig. from the latin "propago" meaning a cutting.
It’s throwing away; delete, in Bitcoin.

2024-07-22 15:06:05

#bitcoin
Software developers with high proficiency in C++, programming, computing, distributed system understanding, BUT without a proper understanding of
Libertarianism
and
Austrian Economics
are a threat to Bitcoin.

2024-07-20 09:45:36

- reply

“The English term "taboo" originates from the Polynesian word "tapu," meaning "prohibited" or "forbidden." This term was first recorded in English in 1777 by British explorer James Cook, who observed its use in Tonga to describe things that were forbidden to be eaten or used. The word "tapu" is found in various Polynesian languages, including Tongan, Māori, and Hawaiian, and is derived from the Proto-Polynesian *tapu and Proto-Oceanic *tabu, which conveyed a sense of something being sacred or off-limits due to spiritual reasons.”
Correcting my misspelling in english language from “tabu” to “taboo”.
If for
central banking
the word: “audit” is taboo,
then for
Bitcoin-Core
the words: “economic framework”
is also taboo…

2024-07-20 08:55:57

#bitcoin
#Study_BitCoin
If for
central banking
the word: “audit” is tabu,
then for
Bitcoin-Core
the words: “economic framework”
is also tabu…

2024-07-18 20:09:04

#Bitcoin
Marketing is just as important as the service.
Conferences are just as important as Bitcoin-Core…
Pfew…
#Study_Methodological_Dualism

2024-07-18 20:00:11

#Bitcoin
The tabu topic in the Organization Bitcoin-Core is to publicly talk about the economic framework it acts upon.

2024-07-15 10:28:39

#Bitcoin
#Study_BitCoin
Some green influencer shortly said:
“Bitcoin cannot have a ‘formal’ specification”.
Really meaning:
• Bitcoin cannot have a ‘normative’ specification.
But
• Bitcoin can have a ‘descriptive’ specification.
Otherwise dictionaries couldn’t exist in the real world.

2024-07-13 07:15:57

https://youtu.be/pCSqm3EL0v4?si=wvSuSNCZvy34s9-E

2024-07-12 14:14:47

- reply

Bitcoin-Core v27.1
is not a “full-node”
(there is not such node so far), but is the recent iteration of a series of versions;
i.e. an “up-to-date node”.

2024-07-12 14:14:13

#bitcoin
#Study_BitCoin
There is not
“full” node
and such never existed in the System Bitcoin in its entire history so far.
When such node is ever released to the public, then Bitcoin will ossify at its adoption.
In reality, the term “full node” aims to indicate an
“up-to-day node”;
an recent iteration in a series of versions.

2024-07-11 05:44:52

#bitcoin
The framing for dumb people 🤡:
Archival Node
and
Prune Node
The framing for intelligent people 😎:
Node
and
Limited Node
Choose wisely what you trust…

2024-07-10 02:57:32

#Bitcoin
The fallacious narrative for dumb people:
“The Fee Market” 🤡
The real narrative for intelligent people:
“The Fee Auction” 😎
Choose wisely what you trust…

2024-07-09 19:10:10

#Bitcoin
The fallacious narrative for dumb people:
“Blockspace demand” 🤡
The real narrative for intelligent people:
“Monetary transaction processing demand” 😎
Choose wisely what you trust…

2024-07-06 09:35:13

- reply

Waiting for the spam in #Bitcoin to abate or taking action?

2024-07-05 18:52:58

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It can’t be done without a hard-fork; and with it is SegWit whether abolished or fully integrated into the block header…

2024-07-05 11:47:35

#Bitcoin
If the software developers participating in the FOSS Bitcoin Businesses just only understand this, then, they wouldn’t desperately be seeking fiduciary fiat currency grants coming from Cantilloners!
#Hard_money_and_donations
“under a monetary order based on the effective use of [hard money], increased savings sooner or later manifest themselves in increased monetary donations. A savings-induced decline in the return on capital diminishes the opportunity cost of donations. People will therefore tend to donate more of their money.”
Jörg Guido Hülsmann
Abundance, Gratitude, and the State

2024-07-04 06:29:13

#Bitcoin
The adoption of Bitcoin-Core’s node software, as the only provider of the software, is a threat for Bitcoin.
Luckily there are others providers; however, in no way, a relevant, effective or beneficial current state of affairs for node software users.

2024-07-03 19:48:22

#Bitcoin
The next Soft-Fork won’t come without any concessions to mining-pools… (it will be probably in increase of weight capacity or with additional and institutionalized or normalized new revenue streams, …) at expense of non-mining nodes…

2024-07-03 04:41:00

#Austrian_Economics
Of course most humans need objective evidence or objective reasons for them to assign value to something.
Without the objective reasons the entity being considered for valuation would not stand firm and rather have short legs and “evaporate” into nothing. That happens to lies, scams, fallacies, …
The fundamental is, “value” is a matter of relativism, an ordinal entity, a subjective and situational comparison.
“Value” is not a matter of absolutism, a cardinal entity, an inherent attribute of an entity.

2024-07-01 08:21:56

#Bitcoin
There is not “legacy” coins; these transactions are the only ones being fully verified by “ALL” verifying nodes.
Bitcoin coins; Bitcoin UTXOs
and
Bitcoin-Core coins; Bitcoin-Core UTXOs ?
Or rather:
Nakamoto-Andresen UTXOs
and
Wuille UTXOs ?

2024-06-30 10:05:05

#Bitcoin
The block size wasn’t increased.
In reality it wasn’t increased; it was installed a parallel structure via witness field whose merkle root (witness commit) is arbitrarily inserted via OP_Return into the coinbase transaction. And the nodes are verifying adapted rules for this new condition.
#Study BitCoin
#Study Austrian Economics

2024-06-28 11:02:25

#Bitcoin
Remember:
Archival Nodes are just as important as Mining-Nodes.
Archival-Nodes provide processed transactions packets from the past.
Mining-Nodes provide processed transactions packet from the just immediate past.

2024-06-27 14:24:20

- reply

🫡

2024-06-27 12:23:32

Through a parallel structure called the Witness field. And the protection of it via witness commit through OP_Return in the Coinbase transaction. And non-mining nodes verifying that new condition.
In simple words, SegWit is a manifestation of arbitrary data insertion.
Remember in Bitcoin everything is valid until invalidated explicitly.

2024-06-21 09:29:43

#Bitcoin
There is not such “full node”; not even node software Bitcoin-Core client 27.1.
Think & test by yourself the behavior of this software regarding, for example:
• SegWit V2, V3, V4, … V15
• Taproot’s Annex
• Tapscript’s OP_SUCCESS opcodes
& the resulting UTXO.
#Study!
Furthermore, when a so called “full node” software ever appears, released, deployed and adopted, then at that point Bitcoin have Ossified!

2023-12-06 15:42:11

👀 #note1jpa…fjug

2023-11-30 06:02:17

👀 (Remember) https://image.nostr.build/0112705994752e66e9b7035e7412b78497f4a9eb4c392e5b1f543ac7b5c6c834.jpg

2023-11-27 07:41:12

👀 https://image.nostr.build/a30f5ee75044961a7ba675dc358e69d86f751bec694739c5faea76efa0f29d34.jpg

2023-11-26 20:26:14

👀 https://image.nostr.build/24153e478151894a615274de29ac183229a348f4deb125a0ca729147afc52881.jpg

2023-11-26 20:24:29

👀 https://image.nostr.build/810c085bbd29298a8c14fbf0244861fd595714874d5633b782484538f9454ccc.jpg

2023-11-26 19:12:47

👀 https://image.nostr.build/f96188058850d3d6f96a6d01cc4153275cc33ecea592c0977624b625df072173.jpg

2023-11-26 19:04:35

👀 https://image.nostr.build/2d9325306472b6e1d45076b660edf5571e0158514f6bffc6446c96d0f2be1b40.jpg

2023-11-15 09:27:55

x probably is starting to understand: https://image.nostr.build/80990563a7437f552504d7798f6d636d13ea0ebaa2ac660f7717b308846a9a4c.jpg

2023-11-10 13:38:03

👀 https://image.nostr.build/ee3b3d0df55393d2ee79da843fd4252b6be6f88ca22383ae9c6b040652a9f9f5.jpg

2023-11-09 07:10:42

👀 https://image.nostr.build/d80a47499295e4651a09039f8059adcf356e610ecba8ca929745b65529ca4d5c.jpg

2023-11-08 20:46:43

👀 https://image.nostr.build/a037f9fece654e24c43610e6fcd3ced385b8de93471988a9aba81f687ed560a8.jpg

2023-11-08 13:57:08

👀 https://image.nostr.build/3abe487742db6963bbd95a43c80c3ebe2a07af12a412b5f69137ea4afd759b34.jpg

2023-11-08 11:24:30

👀 https://image.nostr.build/7f8063b3e30a5b1195b815e03e19502f4624a4a62765d656d3a36f85f440b5cf.jpg

2023-11-08 07:28:50

I think, everyone operating a proper regular Bitcoin node could simulate already a degree of #Ordislow with following bitcoin.conf configuration:
datacarrier=0
permitbaremultisig=0
dustrelayfee=0.00003001
mempoolexpiry=24
maxuploadtarget=288

2023-11-06 21:00:28

👀
https://x.com/ThermoValue/status/1721632602543595550?s=20

2023-11-06 18:56:38

👀
https://x.com/leo_haf/status/1721601108659826871?s=20

2023-11-06 18:51:18

👀
@npub1ywj…6ejf https://image.nostr.build/94361dec86e49706e0cbafabe164f28614ac43aa2f3990170dc8d01896b68d2b.jpg

2023-10-22 08:35:23

If you want to understand money, then understand #Bitcoin first.
If you want to understand Political Economics (“economics”), then understand Austrian Economics first.

2023-10-22 08:30:35

As general heuristic; not support on my node from my side of any changes before coming halving. An urgency of 6 months vs. 186 months (6/186) is at the margin near to zero.

2023-10-20 20:00:58

“Wars are expensive and, like every governmental effort, they have to be financed through some combination of taxation, borrowing, and the expedience of printing money.”
https://www.federalreservehistory.org/essays/liberty-bonds

2023-10-20 19:22:03

CBDC promotes Bitcoin.
Few…

2023-10-20 11:59:27

Neo-Keynesianism is central planning of incentives. 🤮
The other side of the same coin 🪙
(Central planning of the economy)
The already attempted and failed side of the coin was central planning of transformation (production).

2023-10-20 11:59:01

Austrian economics’ paradigm: decentralization
Neo-Keynesian economics’ paradigm:
centralization

2023-10-18 10:46:16

👀
https://orangepill.ovh/fr/block/000000000000000000037aba057c279e50dd36c92ee6b2cd66557f42e21059c9 https://image.nostr.build/4b98868436879ee955c0200236faba2aabefdad61f4bf998423eb3f79a40a5d3.jpg

2023-10-08 12:12:39

👀
https://github.com/Retropex/Ordisrespector-Bitcoin/releases/tag/v25.0

2023-10-07 12:24:17

Is a Bitcoin Full-Pay-Per-Share (FPPS) mining-pool using exclusively only Stratum V2 the best option for mining-entities?

2023-10-07 11:40:58

What is the advantage of solo-mining-pool vs. solo mining?
I think, none.
Indeed, I think, it’s disadvantageous.

2023-10-07 11:40:32

The Bitcoin system has 7 mining-nodes:
Foundry USA - 119.8 EH/s
AntPool - 104.6 EH/s
F2Pool - 52.6 EH/s
ViaBTC - 42.48 EH/s
Binance Pool - 38.39 EH/s
http://BTC.com - 8.09 EH/s
Poolin - 2.6 EH/s
Why there are not mining pools using exclusively only Stratum V2?

2023-10-07 11:40:07

The easiness degree of a soft-fork realization in the Bitcoin system is indicative of its weakness degree.

2023-10-04 18:33:44

👀
https://www.bitcoin.com/satoshi-archive/emails/wei-dai/1/

2023-10-03 14:15:22

👀 https://image.nostr.build/4a17a5f3a51829f7242ce56eb65c42460f4a9c6e0a12af78893f5972daef71e3.jpg

2023-10-03 10:16:54

👀 https://image.nostr.build/0f84b565c6a883e9201536716eed2f02aa30475c090f2fa3165bfcbbffd03ce1.jpg

2023-10-02 16:01:00

👀 https://image.nostr.build/be1a87085cb85b3e2d79c31ff4c756cf9f299ac6e1abab912ff7f262a93576b9.jpg

2023-10-02 10:08:15

- reply

That would not have a significant effect; at least, non-mining-entities stop running a node. And if this were the case, then the Bitcoin system would experience a value reduction due to from that diminished decentralization characteristic. Attempting to concentrate mining, verification and storage resources by mining-entities would harm themselves in the medium, long run. But it is an educated guess to assume that mining entities are more interested in the short term benefits; so that is a probable Nash equilibrium outcome.

2023-10-01 07:49:53

👀 https://image.nostr.build/5708767d9e4a03e9cdc59c91dff53b6f4e2ff0caf2fa790868769e8ff8b3e0c8.jpg

2023-10-01 05:35:52

👀 https://image.nostr.build/27b51e92be4599dd6b112316d0f769446496c5c0eb5919a7e8c7f327dfeae431.jpg

2023-09-29 07:26:42

👀👏🏻
https://x.com/saifedean/status/1698445019915374849?s=20

2023-09-27 17:38:16

👀 https://image.nostr.build/14e3ca3add76afc6bb85fece9b0b7e8a082939fe22dbe0d0ff0ee684ed8778af.jpg

2023-09-27 11:31:56

👀
https://www.coindesk.com/business/2023/09/27/bitcoin-miner-marathon-reportedly-mines-invalid-btc-block/

2023-09-24 14:09:25

👀 https://image.nostr.build/747deb86795c895b064c2e2f40b4cbafa90255a9279d7f0ce9677a6b47c74f36.jpg

2023-09-23 14:37:15

- reply

https://twitter.com/tulkooo2/status/1705545269398417718?s=20

2023-09-23 12:17:16

👀 https://image.nostr.build/b30dbc3e86df5b0babd82034bcf03b5587d8507580a2cf3616bae918e362d56f.jpg

2023-09-23 09:33:32

👀 https://image.nostr.build/757fc4370185665efc8fbed78f74c9c112abddfdb6d7b8b213a69cc627c61444.jpg

2023-09-19 11:59:27

🎧🎙️
https://podcasters.spotify.com/pod/show/stephan-livera/episodes/v3-Transactions-and-Package-Relay-with-glozow-SLP511-e297opi

2023-09-19 07:15:28

👀 https://image.nostr.build/4c32ba9aeb29bac3de0e4719c40f80da0a4bec909a502d8dec54e9dd9834b22f.jpg

2023-09-17 09:40:47

👀 https://image.nostr.build/994118d6153caf32d6377b4cc79788d89ed0ab6a4e370023bb8efd42a4331776.jpg