HASH RATE IS THE PRICE. HASH RATE DOES NOT LEAD PRICE. HASH RATE DOES NOT LAG PRICE. HASH RATE IS THE PRICE. IT IS THE FREEST MARKET IN THE WORLD: ENERGY FOR BITCOIN. https://m.primal.net/HTqA.png
Good point. But traders gonna trade and they’ll use whatever “metric” fits their intent.
Correct
Unsustainable
What are you declaring unsustainable exactly?
Nothing really. Just being glib. 😂
🥵
Not necessarily. No matter how high it gets you won’t get any more bitcoin or faster
And water , don't forget water for Bitcoin , without which it cannot survive.
WAIT TILL ENERGY RICH COUNTRIES STARTS TO PLUG THEIR MINERS 🔥
How much work is the world willing to put into adding new blocks? Hash rate. Everything else is a derivative. Stay humble, add hashrate.
Few
understand
Ordered some bitaxe and a Apollo 2 after the dispatch
STAY HUMBLE AND STACK HASH nostr:note1nylr37sqafssn6894uv7fk4p6sy3vwwauqqq83luphqm5w6jr4kshs55w9
AND A VERY GOOD MORNING TO YOU AS WELL
Also, getting an error trying to zap you. I’ve seen this before. Is this a Damus thing @elsat @jb55 ? https://image.nostr.build/acd3440d8777778000578cf25abfebf9db1cacc11f1225d94b58efad10c096de.jpg
Tested this on a more recent note. Seems as though “private” zaps throw the error above, but anonymous and public zaps haven’t caused the same issue (for me, at least). @elsat is there already a GitHub issue here or should I submit o e? (I did a quick search but didn’t find anything)
Do you receive this error for this one user, or do you receive for all users? I’m not aware of this issue. If you can consistently recreate can you add an issue with all details needed to recreate: Wallet(s) used NWC used Zap type, amount etc Receiver(s) npub and zap address 🙏
Only some users, only some of the time, but Matt is right that it’s usually when they’re receiving zaps to their own node and/or have a slightly unusual zapping address. Although I’ve also noticed it when trying to zap people with the zbd.gg addresses. I am typically not using NWC, just setting a default wallet to open from Damus - Phoenix, Zeus, previously WoS. Zap amounts range from 69-5K sats. I’ll see if I can replicate reliably 🫡
Your post is making waves. Added to the https://nostraco.in/hot feed
The same cloth of suits that do fuckery for fiat markets (coinbase, binance, ftx, other rugpulls) for bitcoin also do fuckery for mining stack (industrial captured operations, antminer maker, country's "bans", hacked botnets for altcoins). Both attempts to TRY to gain some semblance of control via dumps & pumps.
Huh? Can you explain that to me like I’m a ledger user?
measuring in fiat does not make sense measuring in energy makes sense
makes sense
Hey Matt...any chance of doing a video on Citadel Dispatch about how to use Nostr? I joined and learned how to follow people, but that's about it (and even that doesn't work sometimes as all those I follow seems to disappear). Also, not owning my own node I'm a bit confused about what wallet to use (can't use sparrow) for zapping. Basically, a video that could teach your Grandma how to use Nostr.
Try @Alby it's custodial so don't keep any amount of SATs on there that you don't want to lose. They have a great product that's super easy but historically you'll do much better assuming that custodians will steal your SATs without warning at any time. Think of it as a donation that they'll take at some point for creating such an easy lightning wallet for nostr
C'est plus au niveau de l'extension Alby où c'est plus complexe pour les non tech . Je reçois des zaps mais impossible avec Zeus sur mon téléphone pour zapper
Looks like god candle
This will be the way goods are priced in bitcoin once we leave the anchor of fiat measurement. Sat to hash ratio.
Loved your rant this week @ODELL https://fountain.fm/clip/sWFi6sNlU54cVUbvwTX8
Sorry, wrong clip in previous posts. This is the one from this week: https://fountain.fm/clip/gl5MK6qjkBllFz2RsPsj
do you know a reliable place that tracks the Bitcoin "price" per kWh?
The hash rate is the hash rate.
With the replacement of labor slowly becoming electricity (via AI and robotics) rather than fossil fuels this graph starts to become meaningful. BTC would represent the marginal replacement cost of labor, and therefore using BTC as a denominator becomes possible.
Energy for Bitcoin + Bitcoin for immutable record keeping = energy for immutable record keeping, denominated in Bitcoin
👩🚀🔫👩🚀🔫
What does @ODELL mean by this? I don't follow
"THE MATRIX BREAKING DOWN" (MINI-GAME: 2121 sats up for grabs) https://m.primal.net/HcWd.jpg The Matrix might be breaking down, but #Bitcoin is growing stronger, with the hashrate continually setting all-time-highs. And here, let's not forget wise words of @ODELL: nostr:note1fzey87vnhmyt63smpzd0dac6786s8dr2880w332jy2yggxlp7jrqnsa3z3 NOW, for the fun part: FIRST COME, FIRST SERVE: 2121 SATS UP FOR GRABS QUESTION: Satoshee Strategy OÜ was registered on 25 May 2023. What was the last digit of the block height when the company was registered? If you know the answer, add that digit as the final character in the URL below and IF you are the first to do so, you can claim the 2121 sats! https://lightsats.com/tips/clskidpdf06q1oo98r8p8gtv (lightsats.com/tips/clskidpdf06q1oo98r8p8gtv) If you missed this, come join the multi-part game Satoshee Treasure Hunt #1 for the chance to find the treasure of 25,000 sats. As of posting this, 3/5 parts of the secret code have already been revealed: nostr:note1c0xnd3hckmh0sxj84j4tk7rfcw9ekl6y2u2qmp0q5vywfk9fmvmsaajnyn #gamestr #plebchain #nostr #treasurehunt #zapstr #bitcoin #zapvertisement #zapvertising #gamechain #minigame