saksham

gradually, then suddenly

Public Key

npub172ppwu2h2cnyqlsycgadm4ytttfnlhmjqnnszjysdjpuul48tnwqutcfr0

NIP-05 Address

sm21@getalby.com

Profile Code

nprofile1qqs09qshw9t4vfjq0czvywka6j9445elmaeqfecpfzgxeq7w06n4ehq9fd525

Author Public Key

npub172ppwu2h2cnyqlsycgadm4ytttfnlhmjqnnszjysdjpuul48tnwqutcfr0

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Last Notes

2023-08-15 16:20:04

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exhibit A: architecture?

2023-08-09 17:17:00

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seemingly smart ≠ smart

2023-08-08 14:31:40

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#asknostr

2023-08-08 14:30:07

I am wondering how a person with a graduate degree in math and substantial programming experience can contribute to bitcoin.
Are there jobs for someone with this background that are not typical backend/frontend dev jobs?
#jobstr

2023-08-06 17:51:07

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Brittle bones probably

2023-08-04 23:12:13

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https://media3.giphy.com/media/SnioCkL9cd3B6/giphy.gif

2023-08-03 13:51:02

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Robosats if you’re in Europe

2023-08-03 13:50:08

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*by

2023-08-03 13:49:53

Zapplepay with Plebstr on ios means you are on onlyzaps mode be default 🤙
#plebstr #zapplepay

2023-07-28 20:08:44

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(Un)fortunately Bitcoin is for everyone, even for religious zealots like this one 🤷‍♂️

2023-07-28 19:17:49

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https://nostrcheck.me/media/public/nostrcheck.me_2767722906848291461690571851.webp

2023-07-23 20:07:45

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https://media3.giphy.com/media/5w76kln57PEkg/giphy.gif

2023-07-22 21:44:19

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Where did you meet my ex

2023-07-22 21:19:10

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Reminds me of the saying that you can only lead a horse to water…

2023-07-22 20:00:48

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How the turn tables

2023-07-22 19:42:10

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During the time between dumping bitcoin and pumping their token, they would effectively have to lie about the value of their underlying assets otherwise the spot ETF price would crash. If they do this it will probably be the greatest financial fraud ever

2023-07-22 19:29:38

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Good point, competition in the etf space is good. There are 6 currently being under review. Once they are approved I imagine there would be more to come especially outside the US

2023-07-22 18:55:00

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I get the sybil attack part. This seems plausible but I am not sure about the infinite money part.
- if they acquire 2 percent of supply I would assume price is a lot higher then (100k? 500k?)
- Not an expert on how much of a commodity’s supply is needed to move the price so dumping 2 percent of supply will reduce the price by (approx) how much?
- if the new price after dumping is still high enough and their wash trading is not able to create a higher price, miners will not have an incentive to move into bitcoin BR
- not sure how easy it is to wash trade a token to the moon. Technically, it is possible to detect this and I don’t expect other organizations(SEC?), including the ones with interest in bitcoin to be silent about it.

2023-07-22 17:56:16

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Yes, price plays a role. As I see it, for this to work they also have to convince miners to mine their new tokens at the same time. Mining seems decentralized enough to make this hard to do.

2023-07-22 17:34:33

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It doesn’t…FUD. This is where the small cost of running a full node comes into play

2023-07-20 20:41:50

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Which bank was this? Name and shame I say

2023-07-20 20:08:35

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Ah my bad I read it as <0.1🤦‍♂️

2023-07-20 20:07:53

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Shrimps be shrimping

2023-07-20 18:56:51

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For the same reasons people keep bitcoin on exchanges and yet exchange balance is at an all time low

2023-07-20 18:55:52

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Good discussion though

2023-07-20 18:36:39

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It isn’t but it debunks your claim that “LN volume outside zaps is fairly negligible”
On LN centralization I am on the fence and I haven’t seen any evidence to support it. Your evidence is based on nostr only when there are is a substantial user base outside nostr

2023-07-20 16:07:03

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*the *lightning

2023-07-20 16:06:28

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Not to mention thw number of centralised exchanges that support ligjdning withdrawals now

2023-07-20 16:04:36

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https://nostrcheck.me/media/public/nostrcheck.me_1198146285801260701689868989.webp
Your cherrypicked examples for supporting your argument are not working. Let me just put use cases of lightning outside zaps in front of you just to give you some much needed perspective

2023-07-20 15:04:14

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Zaps on posts were introduced in feb 2023 in nip-57.
You are assuming all of lightning is just zaps which is complete BS.
You have shown no substantial evidence to support your argument that 99% of lightning users do/will use custodial wallets. Pointing statistics from a sample that is not even close to being representative of the population is just being willfully ignorant to prove your point.

2023-07-20 14:39:02

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Nostr is just 6 months old and to assume that zaps make up most of lightning transactions is ridiculous.

2023-07-20 14:09:24

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How did you come up with the 99% number?
WoS has 500k+ downloads on playstore
Phoenix wallet has 50k+ on playstore
Muun wallet has 100k+ on playstore

2023-07-20 08:52:43

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Sure, although their setup from the multisig can get hacked into. They don’t give insurance on deposits so it’s kind of similar to an exchange.
One positive is that they will not be able to loan out your btc without you knowing and even if the company goes down you can withdraw

2023-07-20 08:46:00

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Your analogies are wild. Running an email server and downloading an app on your phone that runs your lightning node are not even comparable in terms of convenience.

2023-07-20 08:40:03

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1-of-2 mutlisig with an institution is as almost as dumb as keeping your btc on an exchange
Most multisig companies I have seen offer 2-of-3 but then again you need a trusted partner for it

2023-07-20 08:36:29

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I wonder how the taxes work with that. In most countries selling btc is a taxable event.
If I buy btc using country A’s bank account and sell it to get fiat in country B’s bank account will I be taxed?

2023-07-19 23:53:25

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Compared to btc…if your post was not meant to be just some contrarian posturing then forgive me for mentioning pow

2023-07-19 23:46:56

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None of them are backed by energy/pow

2023-07-19 18:39:13

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Doesn’t make any sense. You mean to say 50 percent of people don’t have “thoughts”? How can one have thoughts without an internal dialogue?

2023-07-18 19:16:10

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Not if I sell it for cash, directly purchase something from it

2023-07-17 20:33:44

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doesn't have orders for the currency I want to use..not sure if I am not using it correctly

2023-07-17 20:33:01

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I get that buying non-kyc p2p is the best. However...
1. I've tried robosats. It did not have orders for the currency/country I want to buy in/from. Binance remains the only way to stack. (I haven't tried bisq, peach etc yet but they might have the same problem).
2. Many people (including me) have no idea about the pitfalls of kyc when they start stacking. kyc exchange to cold wallet address is very easy for a government agency to track but if something breaks that link it creates a layer of obscurity. Taxable events happen only while spending and if years down the line one decides to spend the stack on something, my understanding is that it will not be straightforward for the tax authorities to detect it if the link between on-chain address and identity is obscured.
I would be interested to know what is the best way to deal with a kyc-stack

2023-07-17 19:16:15

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I think kyc means more than that. It also means that if Binance knows the address of my on-chain wallet if I withdraw on-chain. Not sure how this will work with binance->lightning address->wallet address

2023-07-17 19:05:30

If I send sats from binance to a lightning wallet and then from the lightning wallet to an on-chain wallet do they become KYC-free?
#asknostr #plebchain

2023-07-17 15:24:26

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Yes I can still zap on plebstr

2023-07-17 12:01:34

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If the government is going to hand out free lunches, people are going to take them. Liberal welfare policies will always end up creating spongers at the cost of productive people

2023-07-17 11:08:16

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Assuming a 2bhk is 90m^2. The ratio for a fresh grad with a masters degree in Munich who earns 65k€ gross on average comes down to 13.3 lol

2023-07-17 10:52:19

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Except in major cities where jobs are concentrated- Berlin, Munich, Stuttgart even an apartment is more than $500k?

2023-07-16 18:46:49

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Are you using your own node to get the block height?

2023-07-16 16:39:17

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Definitely. Dealing with the bureaucracy is a pain in the ass for anyone moving there. Most government offices still work in German only. Highly skilled workers don’t get as much purchasing power as their home country or the US

2023-07-16 16:10:31

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Not surprising considering the amount of regulations for businesses and high taxes for skilled workers in Germany

2023-07-16 15:47:19

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I like the Aeropress more 🤷‍♂️

2023-07-15 17:36:21

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Focus on conceptual understanding not the language

2023-07-14 20:15:05

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🤡indeed

2023-07-14 17:39:10

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🚀🌛wen🥲

2023-07-14 17:29:29

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I wish El Salvador introduces something like a bitcoin visa for people from countries with weak passports to enter more easily

2023-07-14 14:55:27

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Dumb question- why doesn’t El salvador hold bitcoin like an etf and just issue bonds. How are these bonds different from the spot ETFs?

2023-07-14 12:29:32

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and what you say can't be deleted just like the real world!

2023-07-13 22:30:33

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Wtf? What if I buy a tv and not use it with cable?

2023-07-13 20:33:36

https://youtu.be/d2Tm3Yx4HWI
So "peer-reviewed" has no meaning in the social sciences. I wonder how many studies with tampered data have been published and cited. I guess we'll never know

2023-07-13 18:21:03

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Kinda similar though the IMF does it in a more sneaky way.
https://bitcoinmagazine.com/culture/imf-world-bank-repress-poor-countrieshttps://bitcoinmagazine.com/culture/imf-world-bank-repress-poor-countries

2023-07-13 13:58:58

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Aren’t the Chinese applying the IMF playbook?

2023-07-12 13:27:01

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That’s ideal. Away from the city. Close to nature with all your space

2023-07-12 10:22:22

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Fr
Apartments in Munich are so cramped up. Pay through the roof to live like a rat and hear your flatmates from other rooms

2023-07-11 20:27:48

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Hand them some ice cubes to demonstrate then

2023-07-11 20:24:44

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Are they still living off of their parents? I’d imagine it’s really hard to understand concepts like scarcity-work-savings-low time preference if one hasn’t engaged with the economy independently

2023-07-11 20:16:48

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I learned about topical steroid withdrawal a few months ago. That shit is scary

2023-07-11 19:05:36

Finally set up Phoenix wallet and zapped some cats at #catstr to test it

2023-07-11 14:42:28

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"The economist is like vogue for ugly people" - Saifedean

2023-07-11 14:40:50

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Correct me if I am wrong but if I spend 1.1 btc from 10 UTXOs and and get 0.1 btc back, I have created 2 unspent UTXOs and 10 spent UTXOs. The net change in UTXOs I caused is negative 8 even though I am a user.

2023-07-10 19:24:58

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I did but not on the protocol or on others engaging with the protocol

2023-07-10 18:24:00

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Respectfully, the advantage of an open peer to peer protocol is that no one can impose their preconceived notions on it. Some people might disagree with certain posts and other people won’t. The mute/block button exists for the kind of content you don’t want to see.

2023-07-09 13:37:18

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Imagine being on life support and windows decides to update

2023-07-09 11:47:24

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Well, 10/10 to them for honesty. Attention is a hell of a drug 🤷‍♂️

2023-07-09 09:43:36

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Curious if you are male/female/none. Everytime I have said something even mildly similar to this in the presence of a woman I have managed to trigger them🤣

2023-07-08 20:27:10

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Depends on what a guy is looking for on a dating app. For the casual ones, yes they try to minimize the effort/nut ratio. For people looking for serious relationships they might actually read your profile and swipe right even if you are average looking but have a profile that brings out your unique personality. But idk, it’s all a mess.
If someone is on nostr it’s a good signal for a level-headed/rational person 🤷‍♂️
I wonder if someone is building a dating app on nostr

2023-07-08 19:24:01

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Also I’d say men swipe right on nearly everyone to increase their chances of matches. They can’t be picky

2023-07-08 19:22:32

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Damn. This just shows that 90 percent of men will not be in that funnel and for them these apps are pretty much usesless

2023-07-08 18:55:36

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So the average male height is around 5’10 and the average female preference(on a dating app) is above 6’5 🤔

2023-07-08 16:05:50

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Needs some achaar then you’re good to go 😛

2023-07-08 12:02:46

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Oh, nothint much just the “essentials”

2023-07-07 20:12:40

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the bully wants their cut

2023-07-07 17:47:51

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Giddy up!

2023-07-07 16:55:06

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You have to add a lightning wallet to your profile to receive zaps ⚡️

2023-07-07 16:51:04

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Great! Will try it out

2023-07-07 13:29:16

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Alternative for ios?

2023-07-06 21:52:06

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Ikr. Programming is the easiest thing to learn online for free

2023-07-06 21:41:03

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Iris.to

2023-07-06 16:27:00

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Let’s see Paul Allen’s fiat mines

2023-07-06 09:58:34

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APKs

2023-07-04 18:30:57

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sample size?

2023-07-03 13:03:45

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I tried sending 10 sats from wallet of satoshi to phoenix wallet but it failed. Do I need to send more than 10k sats?

2023-07-02 09:25:55

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Yes just zapped you from ios 🤘

2023-06-30 22:18:40

Plebstr seems to be working great on ios #plebstr

2023-06-28 17:51:06

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we got a shipcoiner here

2023-06-26 16:07:08

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Not true at all. In India alone (now the most populated country in the world) there were 659 million smartphone users in 2022 (source: statista) and android market share is now 94% (source: gs.statcounter)

2023-06-26 15:59:16

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1/100th of a satoshi to be referred to as one Hayek in the future?

2023-06-25 11:18:18

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Does it allow withdrawals to a private wallet?

2023-06-21 18:47:13

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lnbc1670n1pjfx32app56m6386stamh32q4sz8se344c3g7yzxus3fjpk094fn507f58tlgqdqu2askcmr9wssx7e3q2dshgmmndp5scqzzsxqyz5vqsp5k503v0hhnj8vp4ttawka37vxus8gm7seqxuszqv6gr5y4rs2t6cs9qyyssqv0dwc2ueuhut2jteuh8hvdsu98n63m4yjq0g53yldcxww0ty9hspfwgguka6ngnpsp2jjf84cefc5wnqujxk2l2cgewk49njh4x2p9gqmqatdq