resistancemoney
Andrew M. Bailey

resistance.money

I’m here to chew bubblegum and talk about bitcoin and I’m all out of bitcoin

Public Key

npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7

NIP-05 Address

resistancemoney@resistance.money

NIP-57 Address

fixedtea22@walletofsatoshi.com

Profile Code

nprofile1qqszv3w274cx5vtk0jfp2v5htgrelpv4pcgqd02svh6a6qsnu6zg49spyjxyl

Author Public Key

npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7

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Last Notes

2024-09-05 04:18:22

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😂

2024-09-05 04:17:20

not a pyramid scheme https://image.nostr.build/dfd21fdd765e99349029fc93e64f64776fb736e7b16401d9c7f155a8a32286a1.jpg

2024-09-05 04:13:18

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Thanks for having me on, Nico! I hope our conversation will prove useful, and I look forward to meeting in person some day.

2024-08-27 13:45:06

my Twitter feed tonight https://image.nostr.build/79cd03265c3edc69b1a8176176e120049e943060125c601e7cc8964ec7db7fb5.jpg

2024-08-23 09:18:19

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Email sent. Thank you!

2024-08-23 04:19:39

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We’ve approached three merchants who sell books for bitcoin, but none of them are interested in stocking this volume. We will keep on trying until we find someone who will, though. Unfortunately we can’t take on the merchant role ourselves — we have day jobs and can’t afford the time and expense of stocking and shipping books; that work is best left to experts.
If anyone is reading this and interested in selling our book for bitcoin, drop me a line. We can hook you up with a significant author discount (30% off list price, shipped anywhere in the world — roughly $22 USD/each), and you’d be free to mark it up from there and pocket the difference.

2024-08-18 01:58:38

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Amazing. Thank you!

2024-08-13 21:44:42

Cash is good. Bring back supernotes, and in bigger denominations — $500, $1,000, even $10,000. But for better financial privacy, we need supercoins too, without serial numbers. This is perhaps my most unusual money policy stance: the US should mint $100 and $1,000 coins.

2024-08-10 11:37:52

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Thank you, General! Glad to have met you in person, too!

2024-08-08 09:55:44

The latest review of Resistance Money is out — this time in The Spectator: https://www.spectator.co.uk/article/does-bitcoin-fit-the-definition-of-good-money/ https://image.nostr.build/fa720ee493003b948da5e4e48de6f9bcf5846c0174ce0f40f78da55e89f873fd.jpg

2024-08-08 01:16:41

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Good taste. Let us know what you think of ‘Resistance Money’ when you get the chance!

2024-08-05 02:16:35

immediately implementing a jubilee: closing all browser tabs, marking all messages as read, restarting laptop
It is good to be free.

2024-08-05 01:04:41

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Unfortunately, Saifedean blocks the authors of the book on Twitter and doesn’t take kindly to folks who have the temerity to disagree with him. But we don’t hold a grudge and would love to see our book for sale on his site for bitcoin!

2024-08-03 13:06:15

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“Years ago my mother used to say to me, she'd say, "In this world, Elwood, you must be… oh so smart or oh so pleasant." Well, for years I was smart. I recommend pleasant. And you may quote me.”
(From _Harvey_, 1950)

2024-08-02 15:43:03

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Correct. But people inside universities should study bitcoin too. We will help them do so responsibly.

2024-08-02 15:28:37

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There is virtually no chance that Saifedean will sell our book on his site, I think. He blocks the authors on Twitter and doesn’t seem to care for dissenting views. Sad!

2024-08-02 15:26:48

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Do you know who runs that site? We’d love to hook them up with discounted copies of ‘Resistance Money’ to resell for sats.
If you’d like an ebook, it can be downloaded for free at all of the usual sites (DM for more info if you’re not familiar with these)

2024-08-02 15:14:56

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On this, and other Frequently Asked Questions, see: https://www.resistance.money/faq/

2024-08-02 15:05:00

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Where do you usually buy books with bitcoin? I would try there first, as the book is available basically wherever books are sold. We are still working on getting a dedicated merchant on this, of course — but that will take time.

2024-08-02 15:02:56

There are some very bad objections to the idea of a strategic bitcoin reserve on the part of the US Federal Government. For example:
1. Bitcoin is bad for the world (false; our best science shows that, on net, bitcoin is good)
2. Bitcoin isn't valuable (false; bitcoin is precious, and useful)
3. Buying or holding bitcoin undermines American values and empowers foreign adversaries (false; bitcoin embodies American values, and a huge chunk of bitcoin is held by Americans)
4. Buying or holding bitcoin weakens the American dollar (this one is complicated, and depends on what it means to 'weaken' the dollar, and how the reserve strategy is actually implemented)
5. People only like the strategic reserve idea because it pumps their bitcoin bags (this one is very psychologically important -- but irrelevant to the merits of the policy as such)
Following are some other objections that strike me as more sensible. What do you think? What are the best replies to these objections? Are there other sensible objections I'm missing?
6. A bitcoin-stockpiling strategy gives the state more incentive to seize bitcoin
7. The state should be neutral between asset classes and assets within them; to hold or buy bitcoin is to pick a winner
8. Massive state holdings confer powers in contentious fork wars that the state shouldn't have (e.g., to massively sell off the more freedom- or privacy-oriented side of a hard fork, and thus move markets in that direction)
9. A sovereign wealth fund should aim at yield-bearing assets to displace taxes or debt, but bitcoin doesn't offer any yield
10. Policy should be neutral about a 'number go up' thesis; but stockpiling bitcoin is pretty plainly a bet on that thesis
11. Impoverished and indebted governments should pay down debts rather than acquire assets

2024-08-02 09:13:48

I’m putting together a strategic bitcoin reserve — a stockpile if you will. https://image.nostr.build/eaea2bc1e4c828e0449bb58e0bcfb5bf3ed973032ca0cebd5f443285f27c60bd.jpg

2024-07-19 20:44:37

You know what doesn't shut down when Windows goes haywire?
Cash.
Today is a good day to act accordingly.

2024-07-17 23:33:16

Everything you say in public will be recorded and remembered forever. We are all surveilled by the future, more so than even Caesars and prophets of old.
Your great-grandchildren will judge you for any intellectual dishonesty. Act accordingly.

2024-07-16 18:53:03

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Thank you so much, Tim!

2024-07-16 13:17:04

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Depends on your threat model. Signal is a good step up from WhatsApp or, god forbid, Telegram; avoid the desktop app if there’s a ’hance your desktop device is compromised, of course. Those who face more sophisticated adversaries will want to try out more sophisticated tools like Session.

2024-07-16 13:14:55

Bitcoin is a powerful force for freedom — and, I argue in a new op-ed in Newsweek with T. Cross, B. Rettler, K. Saunders, and C. Warmke — to win elections too. If Trump's opponents hope to defeat him, they should pivot to supporting bitcoin as he has.
https://www.newsweek.com/bitcoin-can-protect-freedom-help-win-elections-opinion-1925491

2024-07-16 00:21:16

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Are Trump's most enthusiastic critics *correct* that he'll crack down on civil liberties? I have no strong view here except this empirical fact: Operations Chokepoint 1 and 2 — the most dramatic cases of blocking bank access for political enemies — were under Obama and Biden.

2024-07-16 00:18:09

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This is my view.

2024-07-15 23:20:39

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I suspect our editorial will be the first positive mention of Nostr (this is the 'decentralized publication protocol' we link to, and have in mind) in a mainstream publication with wide circulation. That's pretty cool.
(And if I’m wrong about that, please correct me; I’d like to know who was first, if we aren’t!)

2024-07-15 23:11:50

Trump's most enthusiastic critics predict political repression if he wins. If they're right, the thing to do now is to prepare. That means mastering freedom technologies that protect civil liberties: bitcoin, encrypted messaging, and censorship-resistant publication protocols.
We have an op-ed coming out tomorrow with Newsweek that argues this point, among others. Stay tuned, and be prepared to share it widely!

2024-07-15 02:26:46

From a goodreads review: "I've read a lot of books about Bitcoin, and I enjoyed this book significantly more than I expected to. I expected to find myself slogging through another dry read, but instead I found an engaging, funny, and exquisite set of arguments that kept me reading."
Wow! Thanks, Jason! https://image.nostr.build/693c81f3e98b24f52aaa30e91fa8ac5eebb1b724a348c45102d4091818424025.jpg

2024-07-11 01:14:37

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Thank you for your kind attention, Roger! I will return the favor soon, as soon as I get the time to dig in to your new book!

2024-07-09 14:29:22

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I would love that, and I’ll be available to record in person. DM me, please!

2024-07-09 13:29:36

I'll be in Austin, TX in the week immediately after the big Nashville conference — July 29 to August 2. I know Austin is a bitcoin citadel, so help me use my time there well: what events should I attend while I'm there? And does anyone want to have me on their podcast?

2024-07-09 10:03:55

The more success bitcoin enjoys, the greater reason central banks have to seek out ways to crush it. The authoritarians will turn to repression and the boot. Believers in genuine democratic governance and good outcomes will seek to out-compete bitcoin, though — to the good.
In that spirit, here is a hypothesis. Central banks can demolish bitcoin forever with three easy steps:
1. Privacy and censorship resistance: Chaumian ecash
2. Sound money: algorithmic supply management
3. Innovation: an open API
Game over.
Imagine the pumpanomics at play here:
1. Freedom goes up (digital cash)
2. Number goes up (sound money)
3. Innovation goes up (open architecture)
Embrace the pump, central banks, and kill bitcoin while you're at it!

2024-07-06 01:00:46

Today is a good day to act accordingly: submarine swaps, consolidations or splits, atomic swaps, peg-ins and outs, and any other on-chain maintenance required for better privacy and future usability of one's UTXOs.

2024-07-05 13:03:24

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It is a good day to act accordingly

2024-07-05 13:03:03

An academic philosopher who shall remain nameless — someone who has no connection to bitcoin, or philosophy of money, or any of that stuff, really — read our book and had this to say. Wow! https://image.nostr.build/97245025832a277e2e1653546bf42dd8e056a3e80c581433e0af89549a79fc77.jpg

2024-06-28 07:53:10

The fire rises https://image.nostr.build/a0fced2d403f9e94779b3c2acb19719b817f45cf66fb335f5ccf9b9c1a43ae30.jpg

2024-06-25 03:46:49

⚠️ Resistance Money Bug Bounty Alert! ⚠️
Help us identify and fix errors in the text, and you will receive credit on our 'errata' page. Once there's a decent number of these, I will select a few folks at random for some free sats!
Why collect and publicly document errors? Because this is a piece of actual scholarship, not an exercise in cheerleading.
It's the open source way: transparency, collaboration, honesty.
Found a spelling error, a factual mistake, or an infelicity of some other kind? We would be most grateful to know of it. DM me; and let me know if you'd like credit on the Errata page for spotting the mistake.
The Errata thus far: https://www.resistance.money/errata/

2024-06-24 03:17:48

Don't trust; verify. So before you buy a copy of Resistance Money, read Chapter 1 for free!
PDF: https://www.resistance.money/resistance_money_chapter_1.pdf https://image.nostr.build/f00cbe80e8d1f31f65b47ee30c69be8d0b104c3baeff7dff5ebbc0d411f1dfe1.jpg

2024-06-23 20:48:06

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We’re working on setting things up with a merchant partner who will accept bitcoin! Sadly, Amazon and Routledge do not do so themselves.

2024-06-22 08:37:19

Sometimes you just need a box of these bad boys on hand https://image.nostr.build/67098298c49e2aca71ddb813c27f3037f51c203a0c2b0fb9f3d6e3f5022f6b36.jpg

2024-06-21 11:14:09

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Sounds like someone’s been reading Chapter 5 of a certain monograph!

2024-05-15 02:13:22

I’ve been on my college's integrity committee for over a decade, often as its chair. Plagiarism, academic dishonesty, cheating, and the like: these are our remit. I've seen it all. But times are changing. A few thoughts, then, on ChatGPT.
The most important message I have for students is not that using ChatGPT in completing their assignments is unethical, or plagiarism, or pawning off someone else's ideas or words as your own. It can be those things, but needn't be.
My message about ChatGPT, instead, is this: you've got to cover your tracks.
The advice is not about hiding misconduct or dishonesty. Because if you actually do as I suggest, you'll have no misconduct to hide.
ChatGPT-generated prose has some well-known signs, including:
- vague generalities
- hemming and hawing, especially in a summative sentence or paragraph
- 'delve', and other artifacts of the way large language models are currently trained
- pointless filler words everywhere ('complex dynamics', 'multi-faceted analysis')
- generic verbs instead of specific ones ('explores the topic' instead of 'argues that')
- claims without backing textual citations (or worse, with fake ones: pure hallucinations)
- repetitive and flattening use of the present participle
There's an architectural reason why ChatGPT and similar tools have these irritating tics. They write to the statistical median. And the statistical median isn't ungrammatical. It is, instead, mediocre. Boring. Flat. Without any real voice or message. Dull in both style and substance. It doesn't sound like anyone in particular, because it's a blend of everyone all at once, sort of like those generic 'average faces' you can find online — all smoothed over and sort of vaguely pretty but also off-putting and inhuman.
If you can identify and eliminate infelicities like the ones noted above — and doing this thoroughly requires a sentence-by-sentence look at the entire document — no one need ever know that you used ChatGPT to write your essay. Your secret will be safe.
But along the way, you'll also have made the essay your own. You'll have thought about every word. You'll have exercised agency. The words that remain will be there because you put them there, and for a reason. You'll have actually done some writing.
So, ChatGPT-using students, here is my advice once more. Cover your tracks. Ruthlessly eliminate the junk ChatGPT generates. In doing so, you'll make your paper better, and you'll make it only yours. And that is precisely what your instructors wanted from you anyways — your own best work.

2024-03-12 13:15:44

"Resistance Money informs without inflaming and teaches without preaching... It's at the very top of my suggested reading list for anyone curious and open-minded about bitcoin." — Troy Cross, Reed College
https://www.resistance.money/images/troy.png

2024-03-11 09:12:32

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Tough but fair! It was a test, linking to a Twitter-hosted image. It’s from a Reuters article, and it’s a statement from the Prime Minister of Egypt about plans to block remissions outside of their (recently debased and poorly managed) banking system. He thinks it helps. It just drives people towards bitcoin and stables.

2024-03-11 07:59:51

What the central bank tinkerers don't understand is that blocking the exits doesn't quell demand for alternative monies. It stimulates it. Every time you set up a chokepoint, a new person googles 'what is bitcoin?' (or 'ما هو البيتكوين؟').
https://pbs.twimg.com/media/GIGtH-wWgAAIFVc?format=jpg&name=large

2024-03-09 02:48:33

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Baby steps — I’ll add the app to my dock now so I see the icon every day, which will remind me to get on here and participate!

2024-02-18 23:02:41

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Thank you!

2024-02-18 23:02:23

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Haha, do not order the hard copy just yet! In negotiations with the press, we pressed hard on the paperback price, and if it has good sales, other options will open up (audiobook, cheaper hard cover, more markets, translations, etc.).

2024-02-18 22:59:51

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Thank you! We’re working on pulling that release date forward. Strong pre-order numbers will help.

2024-02-18 01:37:22

Pre-order your copy of Resistance Money today! Just $29.95 (USD, paperback, Amazon) gets you the most meticulously researched, lively, comprehensive, and measured evaluation of bitcoin to date — peer-reviewed, and published by a leading academic press.
https://www.resistance.money/book/cover.png

2024-01-09 10:01:16

The real story is not that bitcoin continues to flourish after fifteen years. Nor is it that SBF is a convicted criminal. It’s that the worlds of credentialed academia and journalism got both SBF and bitcoin exactly wrong. The press darling is in jail. Bitcoin roams free.

2023-11-24 07:52:31

One week later, Wallet of Satoshi is gone from the USA app stores. Were you ready, anon? Are you still “onboarding” people with a banking app they may not be able to access in the future? #note15um…dwrq

2023-11-14 17:40:40

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Shotgun KYC; see quoted note. It’s when someone else has your stuff and won’t give it back until you prove your identity and answer intrusive questions. Happens all the time with this sort of app. Wallet of Satoshi is a bank, and shouldn’t surprise us if it turns out to do bank-like things.

2023-11-14 10:42:29

Folks who continue to use Wallet of Satoshi (and recommend its use) would do well to write down some guesses about these three scenarios (rug, shotgun, honeypot). How likely is each, and how does the sum probability of those three dire scenarios compare to a graceful WoS exit or ongoing functionality?
It’s called risk management. You either do this, or reality does it for you. #note126e…jzxy

2023-11-11 02:04:48

Common argument:
1. Halvings introduce no new information about supply.
2. If so, halvings cannot influence price.
3. Therefore, halvings cannot influence price (1 and 2).
I think halvings are priced in, but reject both premises.
Against 1: halvings can introduce new information about supply. They show, with certainty, what was before only expected to some high degree -- that new supply coming to market will soon dramatically click downward.
Against 2: halvings can also introduce new information, not about supply, but about demand. What if you discover, time and again, that people quite stupidly respond to halvings by buying? The first few times, that's new information! And when it stops, that's new information too!
Why do I think halvings are still priced in? Because they're *now* priced in. These effects are known, and known to be known, and negligible after the first few halvings.

2023-11-10 05:10:02

I knew the Bank of Lebanon was no good. But until today, I didn't know quite how no good. They didn't just print too much money. Officials embezzled from the bank, invested in Ponzi schemes, and then lied and printed to cover it all up. Result: Lebanese Pound down 98% vs. USD.
There are a lot of sources that go into more detail on this, and the story isn't over yet. For one recent overview, see: https://www.dw.com/en/how-lebanon-was-plundered-by-its-own-central-bank/a-66613994
When the World Bank released a report about your monetary and fiscal system entitled "Ponzi Finance?" you know you messed up: https://www.worldbank.org/en/news/press-release/2022/08/02/lebanon-s-ponzi-finance-scheme-has-caused-unprecedented-social-and-economic-pain-to-the-lebanese-people
One interesting element of this particular case is how authorities across monetary, banking, financial, and fiscal systems conspired to create a crisis. And 'create' is not an exaggeration, according to the World Bank. They call it a ‘Deliberate Depression’.

2023-11-06 11:33:46

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One can reflect on why counterfeiting might “oppress the poor — and learn from the exercise — without being Catholic, I hope!

2023-11-06 08:32:48

“Whoever knowingly makes or intentionally spends counterfeit money shall be separated from the communion of the faithful as one accursed, an oppressor of the poor and a disturber of the state”
Lateran 1, Canon 13 (15 in some numberings), 1123 AD
What’s interesting to me isn’t just that counterfeiting is singled out for condemnation — it’s that one of the reasons given is that it amounts to oppression of the poor. These guys were onto something.
“How, exactly, do counterfeit bills oppress the poor?” is a good question. Think about it, and you may come to some unexpected conclusions! https://image.nostr.build/2f18379c96e426f23289ff0d78319a8cd42af59ea8c31862096684ca02376e9b.jpg

2023-11-02 23:12:26

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Unfortunately no! We’re finished with revisions (116 people helped us improve the manuscript with sometimes ruthless and penetrating comments and critique). But since this is an academic press, the process doesn’t end there, not by a long shot. This delay is the price of trying to do it right, instead of self-publishing or publishing with BTC Inc or something like that. Hopefully it'll be worth it, and find new audiences beyond the already orange-pilled who buy bitcoin books!

2023-11-01 10:43:25

Make Cash Great Again — pentuple reporting thresholds and bring back or mint new supernotes ($500, $1,000, even $10,000 denominations) https://image.nostr.build/ce181aecb74fd5a5a8679d36bdc9008cdae12f936b6e40ea29a616cc84b3d6c4.jpg

2023-11-01 09:28:47

Academia matters to bitcoin because a sewage pipe is feeding misinformation into the public sphere. And the only way to fight lies is with the truth. Bitcoin is too important to not study with care, and with all the tools we have.
https://youtu.be/LkbeFnYi2xs?si=s9mDQcfu1ngkIrwI

2023-10-25 07:06:02

Bali, for Indonesia Bitcoin. If you’re here too, drop me a line and let’s hang out!

2023-10-18 05:45:28

Just got off a call with a bitcoiner working with some cutting edge projects — L2s and more. We agreed on this: the greatest threat to bitcoin isn't the state, or anything like that. It's complacency.
Suffering is probably the only way we overcome.
Price pumps in the near future may be dangerous for bitcoin's long term future. They'll boost complacency. When we're fat and happy, we don't invest in scaling and privacy and extensibility.
Unfortunately, near term price pumps are also the most obvious path to better funding for bitcoin research and development. We have no token to print at zero marginal cost, no foundation, no company, no lawyers, no marketing office, no trademark holders, no CEO.
A real dilemma!
What kind of suffering could do the job here? I'm afraid many of my readers will hate the answer. It can be expressed in one word. No, not 'dump'. It's 'flippening'.
Imagine the seething, the cope, the fury, the wild cognitive dissonance, were eth to flip bitcoin.
Now that's suffering.
Suffering sucks, of course.
But if I learned anything from all those Greek tragedies, it's that suffering is also the only path to wisdom.
Some will be quick to add that eth has already flipped bitcoin — in daily fee revenue, in L2 proliferation, in TVL, in daily volume (when measured in just the right way).
I reply: sure, but we always had the market cap cope ready to hand. What if that were gone?
Suffering.

2023-07-28 04:42:50

Worldcoin is bad.
https://blockworks.co/news/worldcoin-privacy-concerns

2023-07-03 10:49:38

When someone prints a token for free, and sells it to you for something else, they reveal a preference to hold that something else, rather than their own invented token. What does this tell us?

2023-03-28 13:52:20

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I’m more concerned that my future self will not like it!

2023-03-28 13:33:29

Curious if anyone else is in this boat: I’m more cautious about saying things on Nostr than on Twitter — because deletion is much more straightforward on Twitter.
I feel this way even though I know that deleting on Twitter doesn’t actually remove it (the internet never forgets), and even though I know there’s a much smaller audience on Nostr.

2023-03-25 16:07:02

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Not equally so, no. It might be slightly authoritarian, sure, but in a much less distressing and significant way (no long term implications for First Amendment protections if sustained, for example).

2023-03-25 14:21:37

Pick two:
1. The United States should ban TikTok
2. The United States cannot ban TikTok without expanding capacity for overreach, surveillance, and censorship
3. The United States should not expand capacity for overreach, surveillance, and censorship
- Digital authoritarians pick 1 and 2 and reject 3; this is wicked.
- The starry-eyed dreamer picks 1 and 3 and rejects 2; this is silly and naive.
- The lover of liberty picks 2 and 3 and rejects 1; this is the way.

2023-03-18 03:55:50

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Hi, Sean.

2023-03-14 13:00:05

Few things* give me greater joy than overconfident prognosticators getting punished by markets. Especially when bitcoin is involved.
*actually many things; but this joy remains special

2023-03-13 11:54:35

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This is really nice, Seth — measured, focused on the values that actually matter, and pragmatic. A model.

2023-03-13 11:50:06

It's easy to focus on buying power — number go up, number go down — which messes with your peace of mind.
This is a cost. I find that self-custody compensates for it, and more. I sleep better knowing that my money isn't someone else's liability and can't be rugged.
As usual, this is not financial advice. It is spiritual advice. Self-custody is self-discipline. It is also freedom.

2023-03-11 01:32:43

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Not exactly (I focus on bitcoin); it’s a goof.

2023-03-11 00:15:19

What a 24 hours it's been, and it still doesn't top FTX day in November:
- Ether a security
- 30% tax proposed on bitcoin mining
- Silvergate, dead
- Another big bank, dead
Me, a crypto person: bored, unstimulated, hoping for more.

2023-03-09 22:33:35

Dude drops some gross antisemitism on Nostr. Relays drop him. But if you really want to tune in, you totally can — exactly as one would hope for with a protocol rather than a platform. Nostr is working as designed, in other words. Very cool.

2023-02-25 15:12:35

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I am at my best when I know I am Ralph. Humble, stacking, no trade signals newsletter.

2023-02-25 15:11:03

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Rules one and two are Socratic. We do best when we know our limits.
Rule three reminds us: despite rules one and two, prices encode real information (this does not mean markets are perfect).
The rules are practical, too. For example:
Will I subscribe to your market signals newsletter? No; see rule one.
Will I start a market signals newsletter of my own? No; see rule two.
Will I invest in your pamping ponzi and stake/lock my tokens for years on end? No; see rule three.

2023-02-25 15:10:22

Thinking about the first three rules of Bitcoin Uncensored:
1. You are an idiot
2. I am an idiot
3. Markets are efficient
Pure wisdom. And the three hang together well -- better together than any one or two rules in isolation.

2023-02-24 16:26:03

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Given what we know of the author — he was not nice, or a good person, or wise — I think it more likely that he found other people hellish only because of the hell already within him!

2023-02-24 15:31:48

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Trial and error with smaller and smaller payments, unfortunately. It doesn’t have a reliable “empty this Lightning wallet” payment mechanism, last time I checked.

2023-02-23 22:04:54

BlueWallet is sunsetting their custodial lightning product. Self-custody, without trusted managers, is the bitcoin way. So this move is for the best. Unless everyone just moves their sats to Wallet of Satoshi, that is — in which case custodian risk is amplified and centralized!
This is something I worry about. The more usable and liquid Wallet of Satoshi is, the greater the risk it imposes on those who perhaps can least afford a rug pull. People for whom a million sats is a significant chunk of money, and who may not know what ‘custodial’ means.
So: now is an excellent time to upgrade your mobile lightning setup. And if you’re an Uncle Jim type, to help those in your obit do the same. There are options: Breez, Phoenix, Muun.
Personally, I’ll keep on using custodial lightning for amounts lower than 100-200k sats or so. Cashu is coming along nicely, for example, and has significant privacy guarantees. Anything beyond that threshhold goes on-chain, though.
https://bluewallet.io/sunsetting-lndhub/

2023-02-21 00:18:27

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Howdy!

2023-02-20 21:10:48

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Biola Class of 2006 here. This was my world.

2023-02-20 20:59:37

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Deal.

2023-02-20 18:22:43

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You’ll need to host the file somewhere and paste its URL to use it as a profile photo. I host my profile photo on my own web server. What others do, I don’t know — maybe ask around to find out!

2023-02-20 18:18:53

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So far so good!

2023-02-20 16:35:35

This book on bitcoin’s game theory is going to give me a pretty serious mental workout. Can’t wait!
https://www.amazon.com/Bitcoin-Game-Theoretic-Analysis-Gruyter-Textbook/dp/3110772833

2023-02-20 15:53:47

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Beautiful.

2023-02-20 15:43:16

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Is this how to quote-re-note?
#[0]

2023-02-20 15:27:59

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ser. ser.

2023-02-20 15:17:56

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🙏

2023-02-20 15:12:16

Nostr/bitcoin entanglement means that every misstep by Facebook or Twitter is a setup for new people to hop aboard the bitcoin ship. Social media refugees are looking for alternatives that don’t surveil or censor. Nostr welcomes them — and invites them into the bitcoin world too.

2023-02-20 14:47:03

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1. Follow more people than you’d follow on Twitter (I look for who else has liked note I like). Can always unfollow if they prove to be annoying!
2. Lots of relays. This works best on desktop, not mobile, where it’ll eat your battery before noon.

2023-02-20 14:03:26

https://www.resistance.money/pics/wsd.png
On Presidents' Day, Americans celebrate the civic virtues of founding fathers like George Washington. There is another founding father who deserves celebration too: Satoshi Nakamoto.
Like Washington, Satoshi walked away from power. And so bitcoin now roams free.
The abstract above is from a new paper with #[0], to appear in "The Satoshi Papers" (pending review). It's going to be a cool and totally unique collection.

2023-02-07 12:10:58

Bitcoin is my favorite controlled substance