/ is on Nostr

Why Nostr? What is Njump?

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npub1awp3sny5rt2m54czzqfmem9m0wp505g9nrhm4xv0qgpvffj90exqvnyrgs

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nprofile1qqswhqccfj2p44d62uppqyauajahhq686yze3ma6nx8syqky5ezhunqphuymu

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npub1awp3sny5rt2m54czzqfmem9m0wp505g9nrhm4xv0qgpvffj90exqvnyrgs

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Last Notes

2023-04-16 23:37:53

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Sounds nice, I wake up feeling like a (---------------) for having to pay taxes. They are telling me I am going to be hit with a penalty if I don't pay by Tuesday, but the fuckers won't tell me how much I owe!

2023-04-13 23:00:26

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What are you using? Shelter?

2023-04-13 17:03:15

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Well, I think it is and it isn't. The price of homes is pumped up by the amount of credit printed to buy them, but there isn't enough dollars to make good on all that debt. If there are bad enough bank runs then businesses won't be able to pay their old wages, but you are still in the hole for a comparatively big mortgage.
Not saying deflationary crash is the future in store for us, just pointing out that the price of real estate is heavily manipulated to the upside.

2023-04-10 00:31:18

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Satoshi thought they were giving the world a solution to the next financial crisis. I wonder when they realized they gave a solution to the next currency war.

2023-04-09 23:46:25

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The public pays for all government programs, even if the funding is through government debt.
The "iron law of oligarchs" posits that within any institution there will be a concentration of power and influence into the hands of the few. This applies to capitalism, communism, democracy, theocracy, dictatorships etc., its a product of human interaction. The idea that "the public pays", is just like democracy " for the people, by the people", they completely neglect the sociological reality that power and influence will concentrate somewhere.
Do you as an individual have the privilege of divesting from the BBC, do you have editorial power over the outlet?

2023-04-09 23:36:28

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Are they funded by the state? Of course we would all like to look at our favorite media outlets and say they aren't state sponsored because we enjoy their content. Our enjoyment of that content will always bias us towards saying that "it isn't like that other media outlet, they are really run by the state!"
If you want to be objective though, shouldn't you start by defining what their incentives are, as in, how are they being funded?

2023-04-09 23:20:04

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Labeling it state sponsored media?

2023-04-09 00:43:01

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Can your bitcoin do this?
https://i.ytimg.com/vi/bhLlpKzjPGk/hqdefault.jpg

2023-04-09 00:03:25

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Its complicated by the fact that originally, as I understand it, all nodes were miners. Now, miners and nodes are discrete groups; as far as a security profile goes nodes are the arbiters of truth, they verify that new blocks are created and added to the chain in a way that follows the rules. The block reward (subsidy+fees) is a profit motive for miners to create new blocks, competing against each other to hit the difficulty target first, this is a service being paid for, their interest and investment in bitcoin beyond their profit motive is irrelevant.
The miners can create any number of invalid blocks, they can push any fork, they can produce valid but empty blocks or exclude transactions to censor individuals or the network. But they can't force the network, something you can host in your home, to accept the invalid blocks, they can't reimage your raspberry pi to accept a fork, they can't remove your transaction from the mempool. They can only temporarily censor transactions at cost to themselves, making a continuous attack expensive, and nodes could probably rug you in a variety of ways if you did this.
Nodes provide the security.

2023-04-08 19:19:03

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On what basis can you make that guarentee? Elon was the chief engineer for one of the early rockets when they were securing seed capital. Do these companies just run themselves?
At some point, elon would at least had to have hired and elected the appropriate people to run these companies, he owns them, who do you think made these decisions? The result of these decisions, is their wild success and inspiring innovations.
Its also just a bit odd to me, that elon happens to run the only companies that are serious about these industries. Why can't ford or Boeing snipe this same talent?

2023-04-08 10:14:15

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*should*, until your spouse wants a patio and doesn't give a fuck about bitcoin if its not making them happy.

2023-04-08 09:44:22

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Also, let's not forget that the perfect money doesn't mean anything without people innovating and building competitive businesses in the productive sectors of the economy. Even if I take you at your implication that Elon is purely a scam artist, posing for cheap money, anyone who has taken a loan on a house or car has most likely committed equally deceptive acts, loaning money that you will never pay back.
If the monetary model is flawed, then focus there. There isn't evidence that elon would have failed in the free market, only that this business model could never have worked, that just means hes better at understanding the levers. Elon figured out how to fleece an already completely screwed system to allocate capital towards his interests, as opposed to cokes or fords, big whoop, the whole thing is manipulation, violence, and decipt anyways.

2023-04-08 09:20:37

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Electric cars for climate change may be a scam, but electric cars are not, and teslas are pretty cool. I own one, it has great seats, the autopilot increases my situational awareness by taking over for lanekeeping and speed, the entertainment system is the best, it has a glass roof, I never have to go to a gas station, the seats/steering/mirrors adjust to me based on my phone being in the car.
Goverenment contracts are disgusting, but spacex is launching starlink satellite's twice a month regardless of what anyone wants to believe, high speed global internet that doesn't require ground based infrastructure. Starship has another test launch in 2 days, maybe it fails, but they will figure it out. Spacex has an untouchable record at perfecting rocketry.
Being a Tesla investor, I probably hate elon musk more than you could ever imagine. However, I believe that just like anyone, it doesnt attribute negative qualities without serious substantiation.

2023-04-06 19:42:48

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He will join the crowd of forced buyers in the next bull run. I don't speculate on bitcoin price, but what do you guys think the damage will be?

2023-04-06 08:16:35

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I would imagine some tech did this, who's going to miss a megabyte or two? These operating systems have thousands/tens of thousands of files files that they launch with.

2023-04-05 12:14:59

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Bro its supply is dwindling, that means its ultra sound money. And like, since there's like 1000/1 credit to debt in the USD system its actually hyper deflationary, its like UBER sound money, its so sound they have to print it just so the money doesn't get sucked straight out of the system. You maxis are too obsessed with your inflationary poo coin.

2023-04-05 06:16:06

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Again, all fair points. The last couple days have been a continued downtrend for twitter, and it seems obvious that elons ego will get in the way of the platform being everything it could be. You know, when I look at fiatjafs timeline, I have serious disagreements with what he believes, but it doesn't matter because he doesn't CONTROL nostr in the same way.
I still think the lightning integration into twitter is a stretch, cashapp would be an option, but then we haven't decentralized or censorship hardened anything. Lightning, as far as I understand, in any of its implementations, is still very alpha/beta, promising, but not particularly trustworthy (emphasis worthy).
No question nostr is doing more for its users, and that the cost is far cheaper than that of twitter. Just to clarify, I am not saying nostr is any one app, I understand the difference between relays and clients, my point is that from any angle twitter is more fluid, aside from micro payments I suppose.
Nostr is catching up quickly, but I think people here tend to assume we are immune to problems like bots spamming; I think its more like this platform is still small and its userbase is difficult to deceive, once the first factor changes then the second follows naturally, and the problems will become apparent.
It is certainly the time to burn the bridge to the old world though. Whatever problems this platform has, and whatever good qualities twitter has; my soul is wounded by the lack of self reflection/intellectual honesty that ends up in the trending/news tabs.
I appreciate your offer, this account is temporary though, its nice to get on and like some memes, talk smack and vent until I'm ready for a proper nym.

2023-04-05 05:36:51

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And gun control advocates always say "well regulated militia", completely oblivious to the context this had at that time, where states feared federal power. As I understand it, the well armed citizen was the compromise between a free for all between states and an overpowered federal government.

2023-04-05 05:25:36

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Rest in peace. SF isn't the spot peeps.

2023-04-05 04:09:53

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Well, if you are using a pi, then the SD card could pose a security risk. VPN comparability can be a bit of a pain. If you fancy a GUI then even the top model pi will struggle at times. Battery life doesn't seem like an easy thing to manage safely either.

2023-04-04 08:42:41

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I like Greg Foss's analogy, "you are picking up nickels in front of a steam roller"

2023-04-04 06:43:45

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It depends on what you use nostr for, if its a hyper mobile encrypted messaging client, then its not a terrible idea (I say as I get ready to purge this account)

2023-04-04 02:27:51

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There's certainly enough evidence to suggest satoshi could be a group, even a multinational group. Its rare even in the followers satoshi spawned for someone to understand every aspect written into bitcoin, its easier to imagine satoshi as a group, maybe having one public facing head that changed over time.

2023-04-04 01:15:24

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Up until this point he could still be referring to hashcash, which would make "we" mean the history of cypherpunks attempting to make decentralized sound money, no? Do you have any later reference to "we"?

2023-04-03 21:47:32

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This is great! That ks!

2023-04-03 19:57:01

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I was trying to learn to do something like this before, could you provide reference material by chance?

2023-04-03 19:31:20

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Ipfs interests me, but have you seen keet.io?

2023-04-03 12:35:22

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I think these are mostly all valid points, but
1. Twitter isnt going to release half baked alpha software that let's you potentially zap your money into the abyss. I think Elon wants to make twitter into a super app, meaning having a payment service built in; we should make sure nostr dominates this field.
2. Paid verification is their way of controlling bots, if you only scroll twitter then you don't need an account at all, if you want to be treated like a real person with important ideas then you'll have to pay the toll, just like subbing to a paid relay. On both platforms, content creators are being charged, users don't really have an incentive to pay.
3. The UX provided by the central provider, twitter, is already better than any nostr relay; there's no shopping around or ditching one for the other, because there doesn't need to be.

2023-04-03 08:28:26

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Yea, if anything this split in currency dominance only exposes monetarily privileged westerners to the realities of what having a "good money" means. Its one last hurrah for imperialists in Russia and China, they are in as deep of shit as us.

2023-04-03 08:14:45

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Because the block reward is a subsidy, its there to juice hashrate up until fees can take over, but ideally there isn't this source of new money distorting price signals.

2023-04-03 07:52:45

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Still not seeing how this is different than Nostrs paid relays.
When elon said he wanted to buy it, we were falling over ourselves to suggest lightning integration and bitcoin locked in escrow could alleviate the bot issues; if elon adopted that same framework today we would all once again sing his praises, so I find it extremely hypocritical and people here are so quick to attack him over twitter blue.
Of course Elon calling anything that happens at twitter "freedom" is rich; but for the record freedom has never been free, it usually implies a high degree of self reliance, and having to actually trade for someone else's property rather than demanding it for free, you communists.

2023-04-03 03:03:13

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People toast people?

2023-04-03 01:01:50

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Today I learned to not keep the stock google camera app on my home screen, thanks for this.

2023-04-02 23:41:13

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I think it'll taper off, people like to engage with novelty. Once the limitations become clear people will find the bots pretty boring I think.

2023-04-02 20:25:10

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It will decelerate the advancement of culture the same way google has, reinforcing "what is" rather than forcing people to figure out "what could be", maybe. I was looking for something to put on and stumbled across "hidden forces episode 299" that more or less covers the issue, we relive the same year endlessly in some ways, culture hasn't progressed because time is no longer relevant. Who knows, just my 2 sats.

2023-04-02 20:10:00

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Regardless of what anyone says, tik tok is an app we should try to learn from. Its a better search engine than google, it has better reviews than yelp, among other things. I don't think it would be a bad idea for nostr clients to incorporate ideas from wechat and tik tok.
Nostr should be one finger of a "super app" that allows you to plugin your bitcoin & lightning wallet, have video calls/hosting & chat rooms with keet.io, maybe an authentication app like google authenticator, I could see a chromium web browser like brave but without all the crypto bullshit. All would be apps that can function on their own, open source, but collected into one app to rule them all.

2023-04-02 19:52:13

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I would lean towards no, but the global system of imperialistic powers and fiat money will get increasingly erratic as it swings back and forth.

2023-04-01 03:43:22

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I mean, I meant from, but I suppose the government has their problems too lol

2023-04-01 02:49:26

You know its interesting, my baseline assumption when people make huge unnecessary purchases is now that they are trying to drum up confidence.
Justin Sun of Tron offered to buy the bitcoin the government seized from the silk road in a pretty generous offer. My first impression? They are having serious problems.

2023-04-01 00:26:56

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https://i.imgur.com/wKoZCwZ.jpg

2023-04-01 00:06:06

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Vintage

2023-03-30 19:00:36

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Ah, yes, I agree with milisats in that context.

2023-03-30 18:37:39

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Wow...

2023-03-30 18:35:37

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I had to actually price a good in sats the other day. I said "this one costs a million sats, this one costs two million". It felt very cumbersome, and my friends definitely laughed, maybe this will get more natural with time. Millisats doesn't really work, we have enough technical debt having to divide by 100,000,000, we shouldnt mess around with peoples perception of the metric system.

2023-03-30 16:07:56

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Something about DCA just seems relentless, the slow march of plebs eating the liquidity from bitcoin.

2023-03-30 03:48:34

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There were so many warnings, so many second chances, so much begging and pleading to stop, but we didn't listen. Even now, I'm of the firm belief that these countries would drop what they are doing and come back to the table if we could just stop being such dickheads. We deserve this.

2023-03-30 03:37:16

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I'd consider it, but I'll wait until you can run Linux on one.

2023-03-29 22:31:47

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It is, but that's the story, it always had to have a climax, our darkest hour, where we grab victory from the clutches of defeat. If not today, tomorrow or the next day. Its a dark time, but the last couple of years have hardened my resolve beyond what these lizards are capable of breaking, its always darkest before dawn.

2023-03-29 22:27:57

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I don't think tik tok should be delisted, and I don't care what they say about VPN usage, if they want to send then they'll have to come get me. They can't prove fuck all about what I'm doing on the internet, they won't breach any of my devices, they won't get my bitcoin, and they won't get me to bend the knee.
This bill will never pass, but if it does then the government will have finally striked out.

2023-03-29 21:49:49

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No, its "jack Dorsey after a visit to a sports cut and a men's warehouse".

2023-03-29 20:25:52

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Do you think that G7 getting knocked down a few pegs by BRICS will open the way for us to change?

2023-03-29 08:27:12

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I just had a coworker show me on his android, using PIA, seems to work just fine. It does seem like a lot of people have this issue though. What's your exit point?

2023-03-29 08:17:51

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That's weird, my proton is active, set to always on, I'm using secure core, no split tunneling, all brave shields are up except for JavaScript, and it works just fine. I wonder if something about graphene os helped fix this faster. Can you provide any details? I could ask a coworker or two to try to replicate the issue.

2023-03-29 08:08:20

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I would try updating your phone and proton. What OS? Are you using the app or a browser?

2023-03-29 07:46:48

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I don't think that twitter is blocking this activity. I am using proton and it works fine, although like 2 weeks ago there was a bug that broke search, that was a bug though.

2023-03-29 05:33:37

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Schwabstika, hope you don't mind me stealing that term.

2023-03-29 05:29:17

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As for wealth redistribution to miners. There is, say, currently 19,000,000 bitcoin in existence. There are, say, 1,000,000 people that have used bitcoin to store the value they created; you create a car, you sell the car for $30,000, you store that wealth in bitcoin. 10 minutes later, there's 19,000,006 bitcoin, there isn't a corresponding increase in people storing their wealth in bitcoin, there isn't an increase in total value of bitcoin, we have just divided off a little morsel of bitcoins value and handed it to whoever mined the block.
Yes, the miner provided a service, for which they should be entitled the transaction fees of the peoeple who sent bitcoin in that block. But they shouldn't be entitled to my wealth, my value, when I have not made a transaction. They haven't facilitated some financial service for me, I don't owe them anything, yet they have taken a sliver of my wealth through inflation, the block reward (mining subsidy).
I'm not mad at miners or anything, my point is just that this is a redistribution of wealth, it is a subsidy that holders pay for on a service that should be paid for by people making transactions. Its just, the least shitty way of initially allocating all the bitcoin into the economy, and helps prevent a 51% attack until the network grows to support mining through fees.

2023-03-29 05:16:52

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Let's start with the deflationary spiral. Its a long topic to understand but I'll do my best. So let's start by defining 2 different monetary systems.
System 1, commodity money: this is a system where the money is a commodity, a scarce good, like gold or bitcoin, but for the sake of simplicity I'll use gold. In this system, economic resources (land labor capital) must be expended to create new monetary units (mining for gold).
Of all the commodities in the world, silver, iron, salt, cars, plastic etc., gold is the hardest to produce more of (except for bitcoin). So, if you think about it, all other commodities will be produced in greater quantities than gold, the exchange rate of gold to any other commodity will always rise over time. This is deflationary, the value of the gold is always going up.
System 2, credit: in our current system, money is created ONLY through lending. When you get a loan to buy a house, the fed is writing that money into existence on their ledger, and loaning it to your bank for interest (this is the fed funds rate, currently 5%). The bank loans you this money for interest, usually 2-3% above what they get it for. You spend the money into the economy, paying for the land, the material, the labor for your house. The same thing happens at the government level, money is loaned into existence by the Fed to pay the governments bills, the government pays this into the economy, but they owe the fed interest.
Now, this presents a problem, because the Fed is owed more money than the total amount of dollars in the system, in fact, a lot more. So much more, that almost all debt is only serviced (paying minimum interest payments), its never paid off, its only rolled over (which can mean paying higher interest), meanwhile new debt is being accrued. In this system, the currency is always being devalued by the creation of new credit.
So to see the difference in these 2 systems, in a commodity money system, investment has to be funded through savings, there isn't a central bank that can print money into existence. In fiat the same investment is funded through credit, printed money that's owed back to the fed at interest, meaning a failed investment on the part of the bank is a real issue because they owe money up the chain. In a commodity money the bank loses their investment, but since it was funded through savings the contagion is naturally more contained.
When banks default on their loans in a fiat system, the debt hole that's created quickly spreads to other banks and the system as a whole, the money is sucked out of the system, bank runs, unemployment, depression ensue. This is the deflationary spiral, the rapid repricing of dollars because the credit bubble collapses. This effect is far more contained in a commodity money system, because money is real and doesn't get evaporated away by interest payments.
To put this into a final bit of perspective, there's less than $1T dollars, even electronic dollars. There is $32T in government debt, the banks have in excess of $2,000T (yes, you read that right) in debt exposures. When the value of the dollar rises too much (when, not if), these debts will default and the dollar chart will look like OG bitcoin pumps, the effect will be so catastrophic that everyone will call for a bailout, the final act, also known as "monetizing the debt". This is printing money to paper over losses that never existed outside of a balance sheet.

2023-03-29 00:22:50

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My friend, please use a VPN, I literally do nothing without one. Proton is great and my #1, nord works perfectly well too, literally anything. My money goes to my VPN bill before my mortgage, before food, before drugs!

2023-03-29 00:13:50

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Yea maybe, but then you are beholden to the other signers, who may disappear for a variety of unrelated reasons, I need to be able to contribute and ghost.
I think in this case, a board of trustees using multisig is the best, where each is well known in the community but also pseudonymous (think Gigi).
In other cases, someone like jack might need a more corporate solution like a legal trust.

2023-03-28 23:55:22

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Why would you expect them to not turn the printers on?

2023-03-28 20:25:00

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Narrator voice: but the deficit would not be decreasing as planned

2023-03-28 19:55:03

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I once heard something like "people always look at people who help since double/triple digits and say they wish it were them, but they often would not have had the conviction to hold through the ups and downs", I find this to be pretty accurate.

2023-03-28 19:47:00

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Spend a bit of time looking at mempool.space, you'll see some transactions physically take up more real estate than others, fees are for the square footage they take.

2023-03-28 19:04:14

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At times I agree with you, at other times I find these people to be closely ideologically aligned, just missing some flip-of-the-switch that gives them hope or an attitude that morals should come first regardless.

2023-03-28 12:06:16

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What is the scale here?

2023-03-28 12:00:10

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If the node network became shakey for ordinal transactions, wouldn't that encourage wallet devs towards the centralization of node infrastructure between default wallets and mining pool nodes? Is it really smart to pull at this thread right now?
Are you generally against the placement of arbitrary data on chain, despite the fact that snowden hid a poison pill on chain to protect himself from the government/elites trying to assassinate him? Why not just prune this data?
I don't like the timing of this ordinal shit, obviously a lot of people are fleeing towards bitcoin, and degens are clogging up the pipes with jpgs. But, if its not critical to network operation, I don't know if its the best idea to be doing this.
That said, I'm hardly qualified to say, its just my 2 cents.

2023-03-28 11:40:31

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Some transactions take more space than others, depending on a few factors like if its a native segwit transaction, how many UTXOs had to be used, how many outputs there are. You could have a block that only fits 100 transactions, and another that fits 3000, just due to the size of the transactions; so miners price things per byte (v-byte, see segwit) to get maximum fees per block. 1 transaction that takes 250kb but only pays .000,01B isn't worth 100 transactions that take 2.kB and pay .000,001B each.

2023-03-28 11:31:19

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Guy swann of bitcoin audible I believe has one.

2023-03-28 09:52:54

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Have you ever looked into a a degoogled phone? Graphene OS has a reasonably good UX.

2023-03-28 09:42:28

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This attribution report doesn't shy away from singling out climate change as the singular driver in a complex weather system, despite requiring multiple steps to connect the two. I won't pretend to be an environmental scientist, but showing how closely a single phenomena follows a model without justifying that model is how you get the field of economics dominated by Keynesians calling themselves "empiricists".
Its too convenient that this attribution report is picking a negative event to analyze, I reject this premesis. Put these models up against the weather in Virginia over 10 years and show me how they fit.

2023-03-28 08:45:51

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This account is temporary, I am using it for testing and to help pass the time, I'll be rolling under a permenant account in the near future where I'll have all that set up. Thank you for the consideration though.

2023-03-28 08:35:54

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Definitely. Words either, really. So long as you don't violate my personal/property rights then we will get along just fine, I don't care what you think about how I live so long as we can agree to not initiate aggression against each other.

2023-03-28 08:31:49

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Jesus Christ, I hope they make it through alright. Our society is fucked, the response online is making me feel pretty uneasy.

2023-03-28 06:45:14

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I am finding it hard to take this seriously when they are banging on about India's struggles with covid and the WEFs assessments of what they are deficient in. They conflate humidity with air pollution, which seems like a sly way of saying they shouldn't be irrigating their crops. They say stakeholders are working to reduce pollution, which is a red flag, considering the term stakeholder is pretty loaded, and the only way forward for India is modernized appliances like air conditioning.
Generally, they spend this whole section extrapolating 1 or 2 data points without any qualification or reasonable explanation. This has the structure of a deceptive argument, they cite a couple facts to make it seem like this is well researched, but their analysis goes far past the point that can be argued by the data.

2023-03-28 06:23:02

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I think it would be something to the effect of, the banks all fail because they don't have any money in reserve. The fed offers to roll your debt over (house, cars, phone, etc.) Into a new currency. This is attractive because they'll give you a bit of stimulus up front, and your employer won't be able to access their bank either, so it'll be your only choice. From there, they can shut things off whenever they want.
I'm inclined to believe, this is the stick they'll use to scare us into bailing out the banks, rather than their ultimate objective.

2023-03-28 06:10:41

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Oh, ahhh, yes, to answer your question, same with anything like system of a down and immortal technique. Pop makes my ears bleed, I'd rather listen to a garbage can full of silverware being dragged down the street honestly, and I appreciate free thinkers.

2023-03-28 06:03:17

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Compliance and liberation weren't bad, wont stand down I could listen to regularly, but it really just doesn't hold a candle to knights of Cydonia. The lack of serious musical counterculture has been deeply saddening the last few years, at a time when we need them most.

2023-03-28 04:53:07

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Bugs

2023-03-28 04:51:53

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So instead the banks use the BTFP, they get liquidity at current interest rates, now they owe interest on something they own that's not making any money. They think they can thread the needle, if they make enough money this year to dig themselves out then they survive, if they don't they'll be deeper in debt. The level of short term thinking is at once hilarious, and also very sad that its so easy to get people to engage in such immoral behavior.

2023-03-28 04:01:14

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If I could afford to eat what my dog eats that would be quite the blessing. CZ is flexing.

2023-03-28 01:46:26

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I mean, I don't see how nostr fixes this. If we were popular enough then we would have bots too. Paid relays are different than twitter blue how, except for price? PoW signatures don't fix it either, how long will my computer have to sit and hash to create a credible signature? Couldn't a scammer, even with completely outdated hardware...easily...out produce credible signatures? Getting verified here, which I don't really understand, seems like its just some social ring, uhhh paging Craig Wright? There will still be new bots every single day, not saying it can't be fixed, but the solutions proposed aren't a complete picture yet.

2023-03-28 00:54:54

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Everyone has some belief that they find self evident and beyond question. Modern day many act this way towards democracy, never questioning if it is truly a just and fair decision making structure.
This is irrational and destructive, chose what you believe in, don't let it be chosen for you by propaganda or peer pressure. Place your belief in something beyond human ability to change, like god, I lean towards individual soverignity. I could defend it rationally, but my belief in it supersedes any justification, its not on the table, its not up for debate.

2023-03-27 20:18:01

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I have been investigating the possibility of using a used Intel NUC from eBay, buy a new drive and you can run circles around the PUI for maybe $100-150.

2023-03-27 20:06:30

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Maybe I am misreading, but everything else he says seems to argue against how bitcoin works. He is advocating for a money supply based on people involved, and against using CPU cycles.

2023-03-27 20:00:05

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I don't know about Lyn Alden, but I have been thinking about it along the lines of what increasing the money supply means. Its biases the economy towards lending. A decrease in money supply would bias the economy saving. Both if these are deviations from a neutral currency, where there is no external influence on what you should do with your money, its closer to pure information, reacting only to market forces.
This is why we call the block reward a mining subsidy, you are actually biasing the economy towards mining in an unnatural way, you are redistributing wealth from every user towards miners. This is, in a nontrivial way, wrong, but its the least wrong way to introduce a new currency that we have.
Strictly my 2 cents.

2023-03-27 09:57:28

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I wonder how Craig came up with the name "satoshi"

2023-03-27 06:40:34

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Yes, as my cranial matter leaked onto the carpet I passed on my final words to my spouse, "hodl you fool!"

2023-03-27 06:34:21

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Dollar milkshake theory, aka strong-dollar. The meme necessary for hyperbitcoinization hasn't evolved yet, and the space between that meme being born and hyperbitcoinization will be so fast you'll miss it if you take a weekend off of using your phone.

2023-03-27 06:27:42

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Twice. I put everything together, tamper sealed it, got a cup of coffee and ran a drill on myself. Then I made my spouse do it too. It worked, no need to create additional vulnerabilities by pulling it out all the time.

2023-03-27 06:02:18

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Too late to party? The bitcoin community is growing memetically stagnant. It took an actual bitcoin adversary to give us one of the most prolific pieces of bitcoin art ever created. We need more punk rock, heavy metal, drugs, and skanks. If I had kids they wouldn't find us very cool.

2023-03-27 05:15:43

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4.5 hours, 102°F, building HAC, no sweat, MFs think I'm playing games at night.

2023-03-26 23:01:48

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I paid for my VPN with conjoined bitcoin without any KYC. Using 2 hop, all my traffic goes through Switzerland which has strict privacy laws about not revealing VPN customer IPs. Secure core also pads packets to make deep packet inspection useless.
Not saying this is the world I want to live in, but these people are way behind the 8 ball.

2023-03-26 19:55:44

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How do I put this, it takes a special kind of person to engage in military maneuvers. I give you an order to go around back of the building and flush them out; you get there and find anything but an unguarded door, now what? You are too close to them to radio, and we are depending on you to flush them out. Most people really aren't capable of dealing with that, when things don't go as planned, or they get shook up and expect the plan to have changed when it hasn't.
The people that are good at it aren't much of conformist types, they are crude and rude and can get very beligerant about things. All the types of people that have been pushed out, shit, I don't like them either, but I'd rather have them on my side than against me.

2023-03-26 11:27:27

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I'll check it out

2023-03-26 09:59:49

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Except, its not, for bitcoin we have created clever ways of leveraging phones secure element, or using a hardware wallet. Its not unique to amethyst, but the key management really needs to be cleaned up. Imagine having to punch in your bitcoin private key every time you have to log into your hardware wallet, there are numerous security flaws in that. Amethyst should create a secret that my secure element can sign and send back, or let me use a yubi key or something.

2023-03-26 09:51:48

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I don't know what other clients have, but I don't like the idea of having to copy paste my nsec in amethyst.
I have burned every bridge back to Microsoft/google/Facebook land, I am graphene and Ubuntu 100% of the way. UX is underrated, I completely understand why people use Macs and Iphones, even windows makes settings difficult to find and change.

2023-03-25 23:59:50

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Bitcoin is the most widely distributed network in the world, running on several different distributions of software that are based on multiple implementations of the core process, which runs on many different configurations of hardware, powered by every source of power humans have access to, in probably every country on earth. Using bitcoin for transactional or wealth preservation purposes requires minimal electricity that could be provided by anything from a portable solar panel to a hand crank generator.
We, as humans, will be living in caves and eating eachother before the bitcoin network fails.

2023-03-25 09:32:44

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I think there is a circular logic that smart people can get lured into, its like that "I don't know what x is and at this point I'm too afraid to ask" meme.
It starts with a politician or media host saying something like "we can provide every american quality healthcare". Its said with such confidence that smart people believe there is a plan whereby this could be accomplished, we are going to tax all of X, we are going to invest in Y infrastructure, we are going to hire Z people.
There is no such plan. They took the median cost of healthcare that a hospital pays, and they multiplied it by the population. There is no accounting for the pricing system, there's no interest into how breakthroughs happen, there's no hard look at unnecessary cost.
So yes, they do believe it, and they are either dumb as a rock, lying, or repeating something said by a person with more influence than them.

2023-03-25 06:15:30

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Feeling adversarial today?
Chokepoint 2 will certainly make things difficult. A CBDC to boot, they'll make bitcoin difficult to get in and out of; you might have the economic value of $10 million, but you'll only be able to use it for small purchases, you can't buy a house or car with it.
If gold is then still a legal alternative, that would make bitcoins value proposition strained. If its all about protecting your wealth, they could make gold a better asset, and bitcoin would cede value.
From there the bitcoin mining industry collapses and the government buys the mining equipment and holds majority hashpower, they censor all blocks that they aren't mining. Even if everyone gets together and switches algorithms, the chip supply has been centralized by huge government deals already, they'll outhash anything we create.