GM to all in nostrlandia, I had a pretty solid workout yesterday so I slept like a damn baby

https://m.primal.net/HXhc.mp4


Issa whole snack
https://media.tenor.com/eqxRjUu06FwAAAAC/potato-chips-crisps.gif


Lol you mean i'm not rich yet?


Yo, this is so bleek, I used to follow him on YouTube, he used to post quiet frequently and was super critical of Ukraine, wow, can't believe it cost him his life, his poor family

He did say in his final video if you don't hear from me again I'm probably dead, wow


Lol so is AI content and AI code people using it to build shoddy websites but here we are and hopefully it gets better, but I think artists will still be safe from AI


Lol the only one winning here is Azure, AWS and Google Cloud


I'm with you on that, I don't see anon mints really gaining much traction but more power to them, go ahead see where it takes you.

Honestly I see it as more of a tech for custodians like what blockstream did with liquid but without adding another blockchain to the mix. I see fedi working where regional custodians work together like exchanges, payment providers, and service providers as its to their benefit to make it easier for their user base to onboard and enjoy the speed and savings and encourage them to spend their ecash


Me too, i wonder if participants would factor that into the price and demand since theres one less custodian to deal with and you're dealing direct, will have to wait and see


CTV and Cold Channels.

Today in Bitcoin, to make a channel, you must first receive Bitcoin on-chain and then transfer it to a channel with your partner interactively. This is a minimum of two transactions just to open a channel and the channel opening cannot be batched.

With CTV, channels can be hidden inside your pubKey so that when you're paid and the transaction is committed on-chain (can even be batched using only one UTXO), that on-chain commitment is sufficient to use your channel. No need to dump the channel details on-chain.

https://image.nostr.build/9c5674ec45bb1c4b1a84c1c1b7223a6223391c8914639cebc09304e2c9f82616.jpg#m=image%2Fjpeg&dim=819x540&blurhash=r89tP%25yUD*M%7CNZV%5BM%7BxuRRGcnhr%3BoInhWBV%40kWWBHbICbrkURQoybYfRox%5EcW%3DNIW%3DS4oLWCjYayucyAVun%2Ct7V%5BahWAV%5B%7DmR.NKWXNIoeW%3BjFWB&x=860ed55345f9f855729c8bf1dfd19accc63cac0b31f90d19fef23c3a444d4263

https://image.nostr.build/f9fd33773a851e375ef91384b005fcddd297a7be2743da20548f69518991c37c.jpg#m=image%2Fjpeg&dim=825x540&blurhash=r67xBu.5RzRjVtRRIUt8xtpPjKRCaixca_V%5Dk8WBDSH%5DIBodx%40tPf%23WXayr%23bWR%24oxoxa%23k9WEf6tGyBtkogaQRQt7WARj%23xWANEk8k7j%5BbXaija&x=3329ea1a5da027f809f762a80c17fb860055934d498ac379894bcc18adbee1a3


So many #ETFs to choose from all backed by pretty much the same custodian, what could go wrong?

https://m.primal.net/HXej.jpg


Lol its weird how people in the west want to promote communism, why not just move to a communist country and enjoy your ideals you hold so dear


Humbled and honoured, thoughts?


Logo designers be like:

https://www.youtube.com/watch?v=QpygJkPXQX0


Lol so pluto is basically one big bouncy castle?


Sounds like a pain in the arse and plenty of room to scalp profits


correct me if im wrong but im pretty sure there’s no guarantee how many sats a share in these etfs are worth

on a dollar value, they’ll do fine but on a per sat basis investing into an etf in a bull day dilutes the per share sats value of everyone else in the fund

the reverse happens on bear days, afaict. here’s the lil scenario i walked through to convince myself of this dynamic.

100 shares, 100k sats. current price is $2/sat. $200k total NAV
ea share worth 1k sats

lets say the price moves up, to
$4/sat, $400k NAV, 100k sats

i buy 10 shares,  $40k in, buys 10k sats
110 shares, $440k/110k sats
1k sats/share

market moves: day price is $5. $40k buys 8k sats
110 shares, 108k sats
989sats/share

market moves: day price is $2. $40k buys 20k sats
110 shares, 120k sats
1.09k sats/share

the big question is: is the price per share sold updated for the sats they acquire? or do they just accept money at price X, buy as many sats as they can at day-end and that’s what gets added to the fund?


I do think tax rules and vilifying and limiting on-chain custody is going to be the next attack


With some miners starting to simp for OFAC lists and others looking to turn their nose up to ordinal transactions, stratumv2 is really going to let miners decide what they want to do with their hash

https://bit.ly/3NXIz1K


How about a logo for Nostr? Everyone can contribute to the Nostr ecosystem and create the visuals they like. And I love that!

However, I believe having a recognizable logo could be beneficial for the Nostr community as a whole!

I asked designer Andrea Nicolini (aka Bembureda, https://bembureda.dribbble.com), to create a logo and an icon for Nostr. I think he did an amazing job! Don’t you think so?

Download it now! Available in multiple sizes and colors here:
https://github.com/mbarulli/nostr-logo/

The CC0 license allows you to use it for any purposes without restriction.

https://nostr.build/i/0013214867939154ec657baf71673eba08e6ab655993f5848553651f5c57543b.jpg

/cc Thanks for sharing!
nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft
nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6
nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m
nostr:npub1xdtducdnjerex88gkg2qk2atsdlqsyxqaag4h05jmcpyspqt30wscmntxy


Someone has to be the contrarian


Lol proper degens


Lol remember when they told us video games was a waste of money and would rot your brains, now look


The old money is ready to come off the sidelines
https://m.primal.net/HXWS.mp4


Lol I'm glad avoid Twatter now, my brain couldn't handle all that cope


You and me both, just seems like a silo to recycle cash, and to play off the futures ETF that has been around for a while, maybe I am missing something but I don't see why funds would solely allocate and not have people selling to pocket gains at the end of the day, all they care about is fiat nominal gains


I guess you're just trading IOU's based on someones multi-sig reserves sitting with CoinBase, not sure how it needs to be executed, but pretty sure theres room and incentive for rehypothecation

Would be a ballache for CB to constantly have to move UTXOs between multi-sigs, so they probably just consolidate in different intervals

https://media.tenor.com/PqXMOPfeySwAAAAC/greys-anatomy-richard-webber.gif


Permissionless doesn't mean it cannot be attacked, and social attacks can also be part of it, Bitcoin should be ready for anything and so should Bitcoiners who actively use the network to transact and store their wealth

The suits aren't in it for the same reasons, they've not yet explored the options and incentives so who knows how this could go


Only #Bitcoin in self custody is unconfiscatable, everything else is just a decree away from being taken from you

https://m.primal.net/HXVE.jpg


Lol remember when the .eth heads were all flexing their NFT profile pics on social media during the last bull cycle? Looks like not only NFT floor prices have hit new lows since then, but #Txitter is done with this silliness too, took them a while since #Meta shut down the support for NFTs in March 2023.

How will NFT bros flex their poor purchases now?

https://techcrunch.com/2024/01/10/x-removes-support-for-nft-profile-pictures/


Lol front running the institutions and halving is almost over, ah the next cycle is going to be one tough DCA


11 new honeypots, which one rugs its fans? lol


LOL this one pays dividents, you like dividents don't you?


LOL i literally just bought some bitcoin on robosats now, i feel like im being watched


10 years. 10% to FOSS. This is the way.
https://image.nostr.build/1ea8de5344eaf822347d36098219a1ce67d16ecbcdbc81f3772db75ebb1802a6.jpg#m=image%2Fjpeg&dim=716x1246&blurhash=%5D6S6PlIA_3WB%3Fb4nt7-%3Boft74noL-poft7IUWVxuj%5Bt7RjWBofWBofM%7Bofofaej%40_3jYM%7BjsRj%3FbogWCWCRj%7EqoKRiofM%7B&x=c719a5112c89dfeb8c19b3325f6901c87ad733de8f6180a7a85de06cc4064e91


Lol excel sheets still need to be setup and a whole lot of comms need to be put out to explain to boomers, why and how to buy


Lol lets see who holds on to their coins the longest, my bet is with the plebs


Lol SEC throwing hella shade, as if there isn't already so many vapourware backed ETFs


ishares is blackrock


Lol I must of missed it, is this a pump for ants?


I was promised a price pump on the ETF announcement

https://m.primal.net/HXSR.jpg


Lol, depends if you bagged the 1sat per vbyte days but now self custodies a little pricier, especially if you didn't consolidate your UTXOs oh and you needed to buy or build a signing device or set up an environment, nothing in this life is free


and that's your right, you do you brother


Lol ETF has always been an ETF,  now one is using ETH directly everyone is trusting the ETH foundation, Infura and Lido so whats the difference?


10 new ETFs have been approved along with Grayscale Bitcoin Trust getting permission to convert into an ETF, boomer bros can now get their hands on paper #Bitcoin

- Bitwise (BITB) 0.0% (after first six months: 0.2%)
- ARK Invest/21Shares (ARKB): 0.0% (after first six months: 0.21%)
- Invesco Galaxy Bitcoin ETF (BTCO) 0.0% (after first six months: 0.39%)
- iShares Bitcoin Trust (IBIT) 0.12% (after first 12 months: 0.25%)
- VanEck Bitcoin Trust (HODL) 0.25%
- Franklin Bitcoin ETF (EZBC) 0.29%
- Fidelity Wise Origin Bitcoin Trust (FBTC) 0% (after July 31, 2024, 0.25%)
- WisdomTree Bitcoin Trust (BTCW) 0.0% (after first six months 0.3%)
- Valkyrie Bitcoin Fund (BRRR) 0.0% (after three months 0.49%)
- Grayscale Bitcoin Trust (GBTC) 1.5%
- Hashdex Bitcoin (DEFI) 0.9%

https://archive.ph/6cck6

So can we move on now? Whats the next current thing we need to start arguing about?

https://media.tenor.com/GlncGJtai24AAAAC/who-cares-idc.gif


I don't know who needs to hear or see this, but this never happened.

Now go forth and run Bitcoin

https://m.primal.net/HXQO.png


Lol I am glad someone is taking the time to create the receipts, the internet appreciates it


https://media.tenor.com/jpKT7cFjb3oAAAAC/he-aint.gif

nostr:note1685vw5rn6yfmh7zfc3jnzrcr3ngkdzfrk3c2ax2rkmjhha09fplqn3aml4


Lol would be an epic back track, I am hoping for it and a retracement to 34k I need the extra sats


Lol I feel like that too, the more I learn the more I feel I don't know, but as long as I have my coins with me, I feel like I haven't done too badly.

You need to teach me your secret, my orange pilling has not gone so well, my family and friends are not interested, I don't even preach it to them anymore, I rather direct that energy to those that want to learn and to my blog


Lol everyone has to learn humility before they stack sats, so many people still think they're smarter than Bitcoin


Lol if you on Xitter you have to engagement farm even if you are the SEC


That's a pretty sweet view to wake up to, GM!


And what a book its been already a real page turner


😂🤣😂 wheezing


Just a reminder to never trust, always verify

https://m.primal.net/HXNR.jpg


Don’t know, don’t care https://image.nostr.build/0fcdd444bea191e253b4713f3196fabb6b869ab7a1ccfd3f4a8c1a5c4b1141f9.jpg


Now that you can make your own #shytecoins on Lightning, shouldn't it be an opportune time to muck about there, instead of bidding up block space?

https://w3.do/0X_X7te0


Lol They really went all out to make sure they profited from the trade, very cute


Lol ETF approval isn't getting into the next block due to inscriptions


Lol leveraged bulls and bears both properly rekt with a tweet and
a 10-minute candle. Who says Bitcoin is boring?

nostr:note1fj9987yqjeg3yqf24ztvuqaempf568rtvnq5543kp2xfkrmwzwlqypprcm


Damn and bears just got rekt from that tweet, now the bulls are going to get rekt too, don't try to leverage up and trade the news boys and girls, oef this is going to be rough


For those who need a little refresher or introduction into what GBTC is heres a little write up 😉

https://w3.do/HkLhi6j0


Looks like some paper Bitcoin buyers made some saucy saucy returns , #GBTC was trading at a low of -46% discount to nav in 2023 but with all this #ETF hype the discount has steadily eroded over the last new months to -6.82

https://m.primal.net/HXJn.png


Lol to be fair it did take me a few years, and getting burned before I learned, everyone has their own path, and needs to get their old beliefs shattered first


If paper Bitcoin silos are an attack vector then what is the point of Bitcoin? Then it's not anti-fragile, I am keen to see this next phase of attack on Bitcoin and how it unfolds, will they rehyphoticate and get rekt?

Will they get so big they can push for a fork?

Who knows?


And once you pull that trigger, you'll be forced to do it again and again, sanitising your platform of more voices


I'm not sure what nazi bloggers and newsletters are like and what classifies as nazi content, but it ain't gonna fly on #Substack any longer

https://www.platformer.news/p/substack-says-it-will-remove-nazi


That is pretty crazy how strong the blockage can be, my dad can't get himself to entertain it all, i've long since given up trying to explain it to him


Lol wait till he sees what the derivatives market looks like trillions of shit that is backed by stuff, backed by stuff backed by thin air


The future of #Bitcoin is going to blow minds 🤯

Receiving BTC through an app? Pretty cool.

Receiving BTC through a sticker? Waaay cooler.

https://m.primal.net/HXAW.mp4


Very cool, would like to see how brands leverage this concept, could be a great marketing tool to create a local scavenger hunt, and these stickers could be sponsored by various brands and Bitcoin wallets could notify users (paid by brands) that stickers are in their area, kinda like a pokemon go vibe

Brands could have it in their stores too, pulls people in and well you're already there you got your "voucher" so might aswell get a coffee, and spend your Bitcoin or fiat


100%, but i go into it with that expectation, I use this like I would a feature phone


Lol is the current ETH really that much different from an ETF? You were trusting infura and meta mask and lido and so many other entites just to use the chain as is, seems like for them the ETF is actually an upgrade in security


I don't listen to her stuff, but it can't be far off what her music sounds like lol


Trust in closed source tech will get you rekt over a long enough time frame, while I have an old Iphone I don't use it for much but texting and calls, I keep no real data on it, take it if you want lol its old as AF, still rocking the iPhone 7 I mean i isn't broken right why replace it?


Well the rules for Bitcoin is the same for everyone, I don't think you get more fair than that


Lol dudes making his stake the network is risk free statements seem tame


Lol so many suckers are falling for it


Great break down of mercury layer from Shinobi nostr:npub1t8a7uumfmam38kal4xaakzyjccht4y5jxfs4cmlj0p768pxtwu8skh56yu

https://bitcoinmagazine.com/technical/mercury-layer-a-massive-improvement-on-statechains


nuff said!

https://m.primal.net/HXEr.jpg

nostr:note1u2u75999vtwv0hj3hr5rp2uajy8cctf8rhwmndqkhr8gk4wkyy0qexe6nj


Lol there was a time when 3k candles had us feeling like this, we have become so numb to the price action

https://media.tenor.com/DRpT3gbLxUgAAAAC/iota-crypto.gif


Lol soon the lucky turns to lazy when they say oh you just sit and do nothing you just hodl but you're making all the money how is that fair?


Bitcoiners are so lucky https://image.nostr.build/49f85091ad0f78b69d608f27649da2182d75f334fed244294e4c8b56b7d90001.jpg


Lol I appreciate every one of these clowns, they make me look like a genius for just following the obvious incentives


A high fee environment is the ideal time to release a scaling solution and #statechains are finally live with Mercury Layer which a Layer 2 protocol for #Bitcoin that enables the self-custodial transfer of coins (UTXOs) without on-chain transactions and instead uses  blinded co-signing and key-cycling to trade funds.

https://mercurylayer.com/


#sigrandma #grindset

https://media.tenor.com/hNRxKSc00qgAAAAC/impress-based.gif


FEW! If you are going to speculate just add mining stonks and MSTR


Bears drowning in all this liquidity

https://media.tenor.com/1FNNrejbp84AAAAC/angry-throw.gif


If you can cryptographically sign you'll be just fine


Lol im already struggling with the fact that I don't have enough, don't put that evil on me

https://media.tenor.com/XGbm4fYCzGMAAAAC/ricky-bobby.gif


Lol when questioned, Mr Nakamoto's said we need to cut the supply drastically due to the lack of demand for Bitcoin, we need to maintain the price for boomers who want to launch their first failed ETF


Just a friendly reminder that with ease doesn't mean it's your cheese, unless you have your own keys

https://m.primal.net/HXBl.jpg


nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm keeps killing it… 🔥
Brilliant move. The internet is healing 🧡 nostr:note1jhe4yrr0y0qt0ntpa049qk4yrhn2xn2kacvulym056huw99az3zskqxv0u


regular reminder that lightning *is* a “shared utxo” protocol that uses covenants (and multisig) to scale bitcoin payment tx thruput

most of the commentary against it points out that it does not scale number of holders in relation to # of utxos. in my mind this is a good sign of the protocol’s success (it shipped and people use it and they found drawbacks with the MVP). It’s also a sign of bad messaging around the applicability of 2-party accounts to certain payment situations (venmo for example)

sometimes it is useful to have multiparty channels; i’d argue that liquid is one such example of this.

federated mints are another one; note that both of these multiparty systems require consensus algorithms to function. fedimints were using BFS, (iiuc they just changed to a new one). liquid uses “nakamoto consensus” aka a blockchain to keep track and agree on shared balance states

Lightning was shipped as the minimum viable product to scale tx thru-put and it succeeded at that. it did this with minimalist, 2-party design as consensus from 2-parties is the simplest case. this meant it could avoid tricky consensus questions and focus on privacy + throughput instead

shipping multi-party utxos at scale will require a solutions for managing consensus amongst stakeholders in the “shared utxo”; see Ark and already existing federations for examples of contending with this problem 🫡


Lol no news november


My latest invention is Nostr Image Host, a free image hosting api that leverages nostr to store images

https://stacker.news/items/380724


Ah yes, Mash's wallet is another option, do you know if they have a cap on how much funds you can hold with them?


I was referring to this meme

https://i.imgflip.com/54d9lj.png?a473529


It is pretty boring, but a rising tide lifts all ships, if boomers and institutions are allocating it puts more purchasing power in the hands of Bitcoin apps and projects and we can grow the circular economies and open source sector


Which way Norwegian man?


Lol me:

https://media.tenor.com/5F88x0aGqM4AAAAC/pork-butts-catapult.gif


Eat something spicy it helps lol


Lol those that engage with you


It's time for #Bitrefill to get involved!

What are the "must follow" accounts here on Nostr?

#asknostr #grownostr #plebchain #nostr #bitcoin


Thanks 😄


I'm so ready for season 2, I tried monarch in the meantime but its pretty boring, uninteresting characters and they really dragging it out with monsters not featuring much


I didn't know this existed, would be cool if clients could bring this into their front ends too, but I will use it going forward thanks for the tip


Agreed, takes a lot for me to pick up a new series, but from ep 1 I was hooked


So you got kicked out of using custodial #Lightning with #walletofsatoshi and you're looking for alternatives, here's some toilet time reading to help point you in the right direction

https://bit.ly/3NYvK7t


Just finished it now, amped for season 2

https://media.tenor.com/WjGQ2heTLkIAAAAC/silo-juliette-nichols.gif


I kept thinking of the Hunger Games and Maze Runner as I watched it, oh and that movie the Platform.

Can't wait for season 2, I hope it keeps up the pace now and doesn't try to drag it across too many seasons


Keen for season 2!!! I don't think id last long in a silo, bitcoin or not I'd probably go nuts without direct sunlight and just jump in the trash compactor or just get sent out to clean


AAAiiidrian we did it!


Binge watched the first season of #Silo and I really enjoyed it, has anyone seen it?

Do you think you could live in a #Bitcoin only Silo?

https://media.tenor.com/u6q1s1VLSPwAAAAC/silo-juliette-nichols.gif


People mute around here?

https://media.tenor.com/VwM8N_cE240AAAAC/mum-mumprobs.gif


Lol who needs cryptographic proofs, i got my proof right here with my certificate of purchase


#Ethiopia are one of the new kids on the #BRICS block and it looks like they are getting cosy with the Russians, with BitCluster a Russian Bitcoin mining company setting up a new data centre in Ethiopia to take advantage of the hydro power generated in the region

Looks like ETH 🇪🇹, prefers #Bitcoin

https://birrmetrics.com/russian-company-to-commission-120-mw-bitcoin-mining-data-center-in-ethiopia/


and they can't rely on the algo to gamify their reach


I suppose if that is your goal to showcase your burning then yes sending it to a Satoshi wallet is quite a statement, since the transfer came from Binance, I am sure they have the KYC records for who did this


LFG!  We desperately need Lightning native options across Africa

nostr:note13ylf50mdcukrw5ult04nlpl8jgv9am0shwwalc5pxe9aj0grm00szcg9t2


LOL me too, I feel like I get triggered when I see too many on one side which is the bullish side so I have to take the bearish side, if we're wrong so be it, but I would really like a sell off so i can pick up some cheap sats before this inevitable approval


I guess tomorrow we can put to bed the speculation on the ETF, this will it, won't it drama.

Personally, I am on the side of another delay for some random reason, pushing filings back again.

Still, a lot of questions even if it does get approved,

- Do all applicants get approved or only some?
- Will it be cash-settled only or in-kind as well?
- Will #GBTC get the green light to convert to an ETF?

Then there's the question of if this will attract new money or move existing money out of things like mining stocks, coinbase and MSTR stocks into the ETF, will some exchange funds be swapped for the #ETF?

I do think over time, cash will flow into this space as more people want exposure to Bitcoin as part of their portfolio, like 1 - 5% of boomer wealth.

If we look at the US paper gold market, there are currently 35 gold ETFs, with total assets under management standing at $118.70 billion. I could see Bitcoin reaching 10% of that and around $12 billion flowing into this product over the next few months


Friends, family and a good meal and all is right with the world


That would be hella bleak, you could just lose your own keys/burn them why still create all this speculation?


Lol they are really sticking it to us all cutting the supply like that, or maybe its a way to cause FUD stating that Satoshi is still DCA'ing


Lol sheet heads know this is the way

https://www.youtube.com/watch?v=xubbVvKbUfY


Lol leverage is a hell of a drug


Hmmm, the plot thickens, safe to assume something dumb is going on


Hope it does get denied or delayed and we rip down to the 30s again, so I can at least make a little dent, my 2024 stacking goals need all the help it can get


It's insane how much this ETF means to so many people, paper bitcoin with a new name


I'm leaning towards this being some proof of burn thing


Soooo which one of you nutters decided to burn their #Bitcoin and send #Satoshi 26.91679286 BTC yesterday and why are people following this up with tips to the address? I see 9 other transactions following this one?

While these people are making Bitcoin more scarce for the rest of us, there has to be some motivation, for this? Is it some kind of proof of burn for some random token issuance or something?

Make it make sense

https://mempool.space/tx/d7db4f96a4059c8906b953677ce533493d7b9da0f854a21b99f5772910dd0a31

https://media.tenor.com/Z2REEUouKzUAAAAC/angry-kids.gif


Each layer and service offers a trade off that different users might find appealing, no one size fits all


Good PR one the cheap, wonder if anyone is even going to monitor that they do this? Loads of claims get thrown around, i'll believe it when I see the on-chain transactions


Lol apparently he can sign the keys to prove he is on the list


Thanks! LFG!!!


Nostr has it's own Wiki page and it's pretty thin on content, any plebs who do this sort of thing able to contribute to include information on relays and clients?

#Wikipedia gets a tonne of traffic could be a good avenue for traffic that sends users towards clients and grows the network

https://en.wikipedia.org/wiki/Nostr


Lol only difference is this stuff gets rewarded with sats and not likes, let the market decide how much its worth


This is what real investigative journalism looks like.
Ian Burrell, who was a big #Bitcoin sceptic, came to Africa with us with an open and curious mind. Through the trip and meeting people where they were, found a narrative outside of what he thought.

FYI - Ian is one of the top investigative journalists of our time (and a pretty great human being)
Reinforces how hard it is to stop an idea based on truth, hope and abundance, because “eventually” good people will discover it for themselves.

https://unherd.com/2024/01/the-african-village-mining-bitcoin


Lol or learn to fast


Lol you set whatever sat per vybte you want honey


As far as I understand it no, even if the majority of nodes are filtering out by default, those nodes that are will include and propagate the mempool with these transaction types.

What I see now is the disagreement on how the data already in the chain should be indexed, and the community is starting to split off, the BRC-20 guys want to use the old rules, CBRC-20 want to use the new rules, the ARC-20 guys want to do versioning so you can "overwrite" inscriptions, by replacing them with a new one and claiming this new one obsoletes the old status, its all so incredibly dumb and wasteful

But to each their own, I'll pick up the sats these people are overlooking


Lol pleasure, hopefully helps people steer clear and not waste their time or sats


100% agree, its going to be painful and will make things like FTX look like a cake walk, but this is all part of the process, I rekt myself on custodial bitcoin before and i am better for it...not that I don't cry about those lost sats from time to time


Well we are due a new SE, hopefully SE 3 gives the people what they want, SE is the peoples iPhone


Lol its all AI bro, relax


Lol let the boomers enjoy their first rugging, we all need to go through it before we accept the benefit of self custody is real


I feel you, my inbox gets flooded with shitcoin sponsorship pitches all the time as they just spray and pray their marketing budget around. I've never reached out to anyone for a sponsorship either, all I do comes out of pocket and I am okay with that, I still have a day job to keep me out of living under a bridge and I do this because I want to learn and enjoy it

It also feeds my ego when a pleb tells me one of the posts we made was super helpful to them so theres that. I also think if one takes sponsorships you can't say what you really feel, and that would suck the enjoyment out of it for me

I know in a fiat world, selling out to ads and sponsors is so tempting but I hope to stay the course and just keep doing it because I enjoy it.


For sure, I was looking to buy a new pair of soccer boots its like 40% more expensive since the last time I bought a boot 2 years ago


Indeed it does, but it's also money flowing out of altchains, you can look at how the satoshi value of altcoins is one the rise and there are venture capital backed businesses, traders and market makers in this market trying to capture those retail flows, trading is a zero sum game, if theres dumb money flowing, theres smart money on the other end gobbling it up


Nope, they're holding off on mints because of the new ordinals update, get your channels in and consolidate UTXos while you can


Lol dudes just selling into the ETF money that slows into the FAANGS, dumb money at its finest.

Pity he won't pull a Saylor and put that 500 mil into BTC, wonder what he plans to do with it, build another bunker?


This is what I am leaning towards, the "tech" being built is fundamentally unsound and they will reach a limit as narratives dry up and as you say the speculation will head somewhere else, leaving the users, companies and vcs slow to react holding the bag

Looking forward to it, and when we do the great pruning of all that witness data and can move on to arguing about the next soft fork lol


I know alot of Bitcoiners are annoyed with the whole inscriptions trend, myself included, and I try to pay attention to what these guys are doing withe block space out of interest sake so I know what I am talking about when I call it silly and I am growing more confident that we don't need to do anything for it to fail

I know some parts of the community want to take an active stance with spam filters on their node like Bitcoin Knots and #Ordisrespector, OCEAN is offering ordinal free block templates for miners, but these are only speed bumps

What I really think is happening is the #Ordinals community baulks under its own weight, watching the drama with ths #Jubilee update, just shows how disjointed this "protocol" is and every new update adds new attack vectors and points of failure along with infighting between companies and users

Using block space to anchor arbitrary data with more complex off-chain indexing and management is going to fail in my opinion, and they will just need to learn that the hard way and lose a lot of money in the process

https://cryptoslate.com/crypto-community-divided-as-unisat-wallet-adopts-ordinals-jubilee-upgrade-proposal/


Lol you will get a gf eventually


oef, is someone keeping tabs on all the drama, from my memory it was the pedo thing, the prime trust/fortress thing, the texas users ban, alex drama, hmmm just doesn't seem like a good track record


When sign up/in with nostr?


If you have a LN wallet you've likely seen some love notes or spam in your list of transactions, no its not a hack, its #Zapvertising

https://bit.ly/3H6kGBh


psyop lol lets see the birth certificate


Gives those in the know more time to stack, front run the institutions, long may it last

https://media.tenor.com/p-2yjpcXZfsAAAAC/ln_strike-gregzaj1.gif


Lol their shareholders


Lol return it back to 1 camera lens to reduce cost and then give us USB-C connectors, best selling Iphone in history


Lol so sad seeing millennials and gen z parroting boomer logic not understanding that housing going up was a result of 40 years of lowering interest rates generating 170 something trillion flowing into real estate and because boomers and gen x got their ass handed to them in the .coms they doubled down on overbidding for real estate

Also for fucks sake does no one factor in the negative carry with taxes and maintenance when hey shill this shit? Or the hope that your inflation remains higher than the interest rate you locked in so you can get that devaluation in currency versus property


Lol has their really been much change since the 6? Remove headphone jack and lightning connector was about it


Awesome, I always check it from time to time for deals and if I see a local seller I always try to support them so it encourages them to add more liquidity, keep the P2P dream alive


Looks like 2024 is going to be the year of Bitcoin L2s, Blockstream Green, Marina wallet, and the Aqua wallet, have added support for Lightning, Mutiny added support for #Fedmint and said they would look at adding #Cashu

Alby wallet has added support for Liquid and Liquid Network has hit an all time high in Bitcoin pegged in, currently standing at 3,743 BTC

And Mercury layer a #Statechain based L2 has its testnet up and running

Wonder when we get the first super app wallet that will have support for on-chain, Liquid, Lightning, Fedmint, Cashu and Statechains.

https://nitter.net/TTrevethan/status/1742598092359180579


less competition for fountain and podverse, LFG!!


LOL take position, push out "research", cash in, pay off student loan, enjoy avo toast, its the only way, I can't knock the hustle


Buy the rumour, sell the ETF fake news lol people be placing their fortunes on shoddy research from telegram groups and interns ChatGPT reports

https://m.primal.net/HWRU.jpg


#Saylor planning to selling his #MSTR stock options before they expire and you know what he is going to do with that? Yes, #DCA and stack a bunch of sats, dude could easily pick up around 4500 #BTC

Forget being a gigachad, this is such a Tommy move (Tommy from Rugrats)

https://decrypt.co/211626/michael-saylor-to-sell-216-million-in-microstrategy-stock-options-buy-more-bitcoin


Weird looking block.

https://image.nostr.build/62b78e8efdcf05ab47b7bcb9ba2c3ceb9170a4b5ca0748918fba8ca83a6bd11c.png


Oh goodness looks like we have on-chain tetris going on now


Lol and here I thought ramen noodle life is for your student days only, now we're coming full circle


Oef, oh well so damned either way


Happy Birthday Bitcoin, Lol any Brit coiners here know what you can eat for 5 pounds these days?


Lol bro you not getting any yield, interest rates are at decade highs, think of all that chedder


GM from Cape Town, slowly getting back to work today, while most people are still on holiday, so not in the mood, but at least I have soccer later today. whats your plans?


To all the America bros building #Bitcoin businesses, new fiat consensus rules just dropped

If you receive more than $10,000 in "cryptocurrency" in the course of your trade or business, you have to file a report within 15 days under penalty of law.

Guess you better start paying in multiple transactions or set up payment plans for larget ticket items, but it likely starts at 10k and keeps moving down and considering Bitcoins rapid appreciation, you can see how quickly this can apply to more transactions

https://www.coincenter.org/new-crypto-tax-reporting-obligations-took-effect-on-new-years-day/

https://media.tenor.com/YPca1e3ClWAAAAAC/tax-season-tax.gif


And it looks like nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm has a new liquid interface, can we start getting liquid P2P markets going already, tired of this on-chain fees shit pushing people towards leaving funds on exchanges

https://anserliquid.frk.wf/


Throw them in the deep end, there's enough content for them to go and read
https://media.tenor.com/GcIJy6H8hM0AAAAC/hurry-up-diving.gif


Lol as if the meta pixel isn't grabbing enough offsite data, i guess they want to see what is sending users off platform so they can limit that shit and keep you in their feed serving you ads, creeper


So they tradfi bros claim that the spot #ETF is 90% there, but you know anything in finance is a thumb suck so who knows? Personally all this buy the rumour price action looks like its getting way too hot and a rejection would make a lot of sense at this point

https://cointelegraph.com/news/bitcoin-spot-etf-rejected-possibility-bloomberg-etf-analyst


Bear market confirmed, lol


Mine is to trust less and verify more


Don't forget to sign up for ledger recover

https://media.tenor.com/dpSZDy4LaowAAAAC/funny-laughing.gif


Off to make a Bitcoin mood board as we speak


Lol shoot your shot


Looks like there's life in Silent Hill, nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n
 hitting all-time high peg-in value, 2024 and we are so back baby lol

https://void.cat/d/S6yveDk6VYU89WvdxUsMGL.webp


Lol this dude lives in my city, he is hilarious


Lol looks like #Argentina is keen on sourcing some of that sweet crypto tax by offering individuals who declaring domestic and foreign crypto holdings could win Argentines a favourable tax rate

Hello fellow #Bitcoiners, I am one of you, dox your stack for some fiat gains

Lol how about no? Boating accidents all the way

https://www.coindesk.com/policy/2023/12/28/argentinas-milei-proposes-incentives-for-declaring-domestic-foreign-crypto-holdings-in-draft-bill/


A whole generation living life without word art of microsoft paint is tragic


Tell me, why do you have to go short #Bitcoin and then get liquidated?

BTC rips past $45,000 for the first time in almost two years, leaving more than $140 million worth of liquidations in its trail, welcome to the thunderdome kids

https://cryptopotato.com/heres-how-many-short-traders-were-liquidated-as-bitcoin-btc-soared-past-45k/


Lol

https://www.youtube.com/watch?v=GoUfkIluC1o


Indeed, how many countries are thinking they could be next and need to divest from the dollar and the west (Eurodollar system) so limiting exposure to US and EU banks as well


Lol working to get listing on Coinbase and Binance, steady lads!


Looks like the degens have a new gimmick #arc20 tokens,  this latest mint this will require 500k inscriptions to mint out, and probably 1 million total transactions (since the "bitwork" mechanism seems to preclude batching).

This is all so tiresome, people changing a few attributes of a json file and calling it a new token protocol

So might as well get in one the action, I am now deploying the first nrc-20 token on nostr, get it while its hot.

{   "p": "nrc-20",  "op": "deploy",  "tick": "nostr",  "max": "21000000",  "lim": "1000"}

Comment below with your minting note and claim your magical tokens 🤦🤦

https://m.primal.net/HWJi.png


And I am so here for it, people going out of their way to get rekt and telling maxis they are close minded is a sweet sweet karma


Day 1 of 2024,  mempool is currently 1.66 GB with 346,111  of transactions pending and an average cost of 84 sats per vybte while not the worst, still plenty of pointless waste of block space going on

https://m.primal.net/HWIz.jpg


Damn that's crazy a quake and a Tsunami and the year bearly got started seems like 2024 is destined to be a shitshow


Now thats NGU technology


Lol100%, I remember the old netflix where the catalogue was so stacked, now you're paying for basically nothing. I still have family members who were buying different subscriptions and sharing them and that kinda worked until the password sharing crack down so its a bit of a pain

I've long since given up and gone back to pirating not that there is great content around these days


Happy New Year to all of you who stuck it out with #nostr over the last year and may your stack be bigger than the year before

As for looking ahead I think that a lot of #inscription bros will see their magic meta data stolen over the next 12 months.  As this tend is the new hot thing, developers are racing ahead to build integrations and tooling and that means shoddy implementation

Wallets like phantom, originally a sol wallet has not had a good track record on its own, it was one of the #ledger connect hack wallets too.

As these users get into #Bitcoin and relay on third parties to index and relay this on-chain data, they become complacent, as these hot keys are sitting in browser wallets, they are only one phishing link away from being #rekt

https://www.theblock.co/post/268707/phantom-adds-support-for-bitcoin-ordinals-and-brc-20-tokens


Who you calling smol?

https://media.tenor.com/rdsFrsjCoPUAAAAC/angry-smol.gif


Scaling Bitcoin is not going to be a one size fits all, and there are plenty of L2s like Lightning, eCash and sidechains like Rootstock and Liquid while others are still in the works looking for alternative peg in and out methods, but could #BitVM help with that

http://bit.ly/3TE1FOg


None, we're all interested in nostr only


LOL Looks like soy is back on the menu boys


Modern #lotr remake

https://image.nostr.build/367222010320187dd769cd93cc358de4026d8f16ce261344f82e5b8dbec542ba.png


He used the remaining parts of the car to build a fully functional DSLR camera


Lol damn what a legend


Lol those 1 in 4 porn search data is too juicy to give up on, 5 billy is a speeding ticket


The US is pushing the G7 to take $300bn in frozen Russian assets and claim they will be handing it over to Ukraine, could be for rebuilding could be to fund their war efforts, either way, if an entire country with its own military cannot protect their funds in a fiat system, what hope does the average pleb have?

Yes fees are high and can be a pain in the arse, but if you consider it the cost to be unconfiscatable it sure looks pretty cheap relatively speaking

Secure your sats and don't give them a chance to come after your wealth

https://www.ft.com/content/d206baa8-3ec9-42f0-b103-2c098d0486d9


Lol does it count if you owned shitcoins but you gave up on them and those wallets are just sitting there with coins that are probably worth nothing and not worth finding the keys for? If so i'm out of the maxi race


#ByteDance is licensed by #Microsoft to use the GPT APIs but following a report that the China-owned firm was “secretly” using THE “GPT” AI technology to build its own rival chatbot service, their account got suspended.

So OpenAIs LLMs can go out and grab everyone elses data to train itself, and we should all be okay with it, but when someone tries to copy their data, now suddenly its a problem lol

https://nypost.com/2023/12/18/business/openai-suspends-bytedances-account-after-it-allegedly-used-gpt-to-build-rival-ai-product-report/


You don't get much play on algo platforms unless you're hysterical so those people have to provide shock value or the qanon, preppers and  doomscrollers ears wont perk up, its easy to point to one big boogyman, and in some cases I feel like it positions current fiat money as the lesser evil

Bitcoin's incentives don't change, people either adopt it and benefit or try their very best to fail to live without it/outperform it in someway.

Some people will want the full benefit of bitcoin others will make trade offs to get close to it, IE ETFs and Bitcoin backed currencies, and to each their own, I know what I prefer


Tranquil AF, in my own lane, stashing my sats


If you were one of those who had funds tied up with #Celsius looks like they won't be Gox'ing you for a decade and funds will be distributed by partners #Coinbase if you had Bitcoin and #PayPal if you had fiat on their service

I wonder how much users will get back considering they've now restructured and given that they are still mining, the increased fees must have added some coins to the kitty for distribution

Hope this is a swift resolve for all involved and you learn never to trust a custodian with any funds.

https://celsiusnetwork.medium.com/celsius-distribution-faq-1cdd323251ef


Chameleon malware locks fingerprint to force PIN entry and take over bank accounts

https://www.threatfabric.com/blogs/android-banking-trojan-chameleon-is-back-in-action


Who says I am not happy?


Where do we draw the line on this censorship argument, I mean in theory we've always been censoring transactions, if a block was too big, if it was double spending etc, is that censorship?


What brings you the most joy?


Its multipolar world time, you either side with the dollar or the RMB, while those with any brains sides with Bitcoin watching these who devalue each other in a race to the bottom


Lol I'm South African too, Its so dof, like okay we've got a few local exchanges, but they can't exactly bring in all the Bitcoin, they need arb traders to source capital and take advantage of the 1-4% premium we have here on local exchanges.

It's so easy to just buy up USDT and do the arb trading that way, I think if we had liquid support locally or a bigger P2P market I'd do it myself and recycle that money but the current options make it harder to maximise on that premium

I think we're in an advantegous position, the Rand is going to shit faster every year, and these clowns will never get their head around it let alone be able to enforce anything on any meaningful scale.

Not that their won't be a few mamparas that follow whatever dumbass laws the pass and hand over their fiat profits to the government, but to each their own.

Bitcoin just shows you what your savings would be like without the ANC pillaging your nest egg


Looks like #nigeria f'd around and found out, that you can't ban #Bitcoin from your country, you can only ban yourself from Bitcoin and that didn't go very well

After seeing massive grey markets spin up where more people started to opt for Bitcoin and #USDT, the 2-year play to resist is now over and now they want to "regulate" and make something that was permissionless, permissioned

Lol total egg-on-face moment

https://www.reuters.com/world/africa/nigerian-central-bank-lifts-ban-crypto-trading-2023-12-23/


yes, but the microtransaction market is for prestige, vanity and sometimes reduces the experience of the game, not every game developer got it right.

Freemium games are also a product of people not having money to do anything else with their free time


Remember when #gameFI and #playtoearn were the big trend of the day, and now they've been abandoned like every other crypto trend for ordinals right now, which will likley see the same fate in a few years.

I know things seem hype now but theres a lot further to call, according to CoinGecko they claim that 75% of the 2,817 web3 games launched since 2017 have fallen inactive.

Thats a lot of pump and dumps to get through, so be patient

https://protos.com/web3-games-that-rose-and-failed-in-2023/


I think thats the case for every early bitconier, imagine all those people selling weed for hundreds of Bitcoin, where are those funds now? Tim Drapers wallet?


Ending the year off strong!

Over the last few months, we've been preparing our wallet for Fedimint integrations. Today marks the first release with Fedimint support ready for alpha testing!

https://m.primal.net/HVrM.png

Fedimint is software for managing federated custodian funds. It's similar to the trust model of Liquid but better privacy and without a blockchain involved. It also has first-class support for Lightning.

The way we've gone about the integration is to seamlessly smooth over the edges that exist in self-custodial Lightning. Our hybrid approach will use a configured Federation when needed. Otherwise, it uses self-custodial Lightning if it exists for the user. This helps things like channel reserves, channel minimums, high chain fees to get started, etc.

You may add a Federation alongside your existing wallet or start with one without needing to open channels or pay on-chain costs. We recommend keeping the value low since this is a very early release, and there are some known features that we still need to develop.

https://m.primal.net/HVrN.png

It should feel and act like the same Mutiny Wallet with some caveats around backups for now.

A massive shoutout to the Fedimint team for their recent v0.2 release. It's still early for them and us, so all testing and feedback is welcomed! This does rely on having a federation invite code. We suspect that, over the next few weeks and months, more mainnet federations will pop up. There is not a default one built into the wallet.

We should also have Lightning Address support in a few weeks that works through federations. Kody has already started that work, and it seems promising: https://github.com/Kodylow/hermes

Also, there's beginning work on supporting the Lightning Service Provider Specification, which will eventually allow more plug-and-play support for any LSP to power Mutiny. This will be huge for more advanced node runners as the spec matures. Huge shoutout to John Cantrell for that work.

A lot of core infrastructure has been built into this release. Let us know if there are any problems; it should be identical to previous versions if you do not configure a Fedimint or different LSP.

Expect much more to come soon. Happy new year!


Lol this too shall pass


The holidays always remind me how delusional #boomers are, having to deal with family that are damn near financially illiterate but arguing that they were able to accumulate wealth primarily real estate and perhaps a small #stock and #bond allocation, with lower nominal figure wages than we have today.

It amazes me how you can be so clueless, not questioning anything, thinking the world under fiat remains completely relative, not realising they didn't do shit, but ride 40 years of low interest rates and even a ham sandwich could benefit from those conditions and make real returns front running asset classes with cheaper and cheaper credit, never mind their inflated valuations they now see with nominal returns.

Its times like this I want #hyperbitcoinisation to happen faster so boomers can witness the greatest wealth transfer in history and see how wrong their view of the world has been all this time


Lol i'm just here to say that top you're wearing is fire


Lol thats a big ass thigh, hope it tastes as good as it loks


I am working hard to get to that goal, keeping it in mind in most of what I do, I know its all going to be worth it and enjoying the journey


Lol and its boiling the oceans and is super finite


Lol these peeps give me the vibe that they either looking to attract marketing dollars from vc funded projects or they already have the deal and now need to defend the fact that they took money


Exactly, being an unsecured creditor doesn't matter to anyone until it does and you end up with a bail in situation like we saw in Cyprus or a bank run like we saw in Lebanon, then only do people realise they have no rights to that money


Lol most of your money is make-believe, just digits in a spreadsheet with a few redundant servers to claim you have purchasing power, IOUs that you hope you can claim and even with all that mental gymnastics, you still can't send it during certain times as if it requires so much effort to debit and credit balances, its hilarious


Lol your money should never be on holiday

nostr:note1j88n8e5clz7ay827xlw7dt2zve7pmzq8hpqxzdrpa8mjpzc6af9qdycl02


Lol gotta get that clout and maybe some of that VC marketing money, funny how shitcoins were immoral and bad on altcoin chains but can suddenly be orange washed on bitcoin and its all fine and dandy


Lol ingonito, where we don't store the cookies and trackers on your local we just keep it for ourselves and make you think the history is gone.

You really think all those porn search money is going to get left on the table?


Same happens with green wallet, thats the cost of doing business and going non-custodial I suppose, still way cheaper than dealing with on-chain


#OpenAI is in early talks to raise a fresh 8-10 Billion in its latest round of funding which would place it at valuation at or above $100 billion, thats more than all the #USDT currently in circulation, its huge.

If this thing ever goes public will there be any alpha left lol, these valuations are just nuts

How long does this AI bull run last before valuations deflate?

https://www.reuters.com/technology/openai-talks-raise-new-funding-100-bln-valuation-bloomberg-news-2023-12-22/


NEW Article - AS CBDC pilots proliferate, a myriad of elite-gilded and blockchain-powered digital payment networks are vying for their technologies and payment systems to be incorporated in the developing digital currency infrastructures of tomorrow.
https://unlimitedhangout.com/2023/12/investigative-reports/as-cbdcs-roll-out-elite-backed-digital-payment-systems-vie-to-build-the-global-payment-standard/


Everyone will have to monetise differently, ads and commerce will have to become part of the ecosystem if clients are going to survive, charging people for access to premium features is only going to get you so far


Lol who is the exit liquidity?


Lol i guess the decision was made for you, #Txitter doesn't have much runway left in my opinion, so saving you some trouble


lol 50k of nothing is still nothing


I think some clients like snort are already doing it, will be interested to see how much of an income generator that is, you could offer additional paid services like image and video uploads, access to stickers and gifs for a fee but this also ads additional friction versus traditional apps

I'd be very interested to see how the economics of an ad based system would work, like boosting your notes to more people or advertising posts like bounties or eCommerce based posts


I've moved over to Green wallet, but its still in experimental phase,  I think Blink is the closest to WoS right now but if you can't do custodial your best options are something like Mutiny or Phoenix wallet

Here's a few options to consider based on your needs

https://thebitcoinmanual.com/articles/migrating-wos-users/


I don't see a problem with this if you have the customer relationship and trust, any liquid asset is a trust model, like any IOU and if it works and generates business for you thats awesome and shows that you have a good reputation.


Lol people will need to learn the hard way that a blockchain can't enforce anything in the real world, and arbitrary data on-chain still requires legal enforcement and centralised entities to back what is on said chain


Clients will come and go but if they don't solve the issue of regular income, many will end up being a memory with abandoned code on GitHub.

Relying on grants and Bitcoin price appreciation to increase your runway can only take you so far, and with the user base still so small how many can be monetised through subscriptions or through ads that can make it worthwhile?

This is going to be a tough problem to solve, considering clients fragment the user base, it makes it even harder than if you were just trying to compete with traditional social media for users

nostr:note1l2s7wyqg5xz7ke6t20p03t9awk629utr6wxjjmg7k4cqr0eflrdql5p5ke


Oh ofcourse we are at fault, LLMs are only a tool, can't really blame its misuse on only itself, its up to the user to get as much or as little value out of it as possible.

Normally its just simple scripts from GitHub or Stackoverflow I would have copypasta'd anyway but the LLM made it easier, nothing too radical ofcourse, but I can see in future how an LLM could connect prompts and scripts overtime to get you a better result, but for sure the editing, refining and more complex stuff remain in the hands of humans

I can totally see that, i'm sure power users are getting way more out of it than I do and as learning improves the product will be able to provide better results on niche queries. There's ALOT of inefficiencies we can iron out for sure with info so scattered on the internet and access to experts not always available

No I haven't but thanks for the tip, I will try it since many times I get frustrated with the results and then I just give up and go back to search to read forums and try things out myself, making things waaay longer before I figure it out out


I normally use it to give me outlines for topics I want to research or to explain certain concepts to me like I'm 5

While the article below could be a little hyperbolic, I think there is some truth in the burn rate to run ChatGPT, will they be able to remain the popular option with other companies also offering alternatives and diluting market share?

How many users and companies are paying for it currently and whats their churn?

Do they reach a point where they can reduce cost per query to a point where revenue covers it? How long before they reach that goal?

Subsidize as in previous rounds of investment covers cost not revenue allone, and how many more times can it raise? Will it need to IPO to continue since it's already in the multi-billion rage of valuation?

https://www.wionews.com/science/openai-may-go-bankrupt-by-end-of-2024-costs-700k-to-operate-chatgpt-daily-report-625016
https://www.forbes.com/sites/lutzfinger/2023/08/18/is-openai-going-bankrupt-no-but-ai-models-dont-create-moats/?sh=3ee768125e22


Right? It seems like such an obvious marriage of tech and incentives, I don't get why its being ignored, even if they just did the strike model and used Bitcoin as the accounting system on the backend and allowed payments in fiat its still better than doing nothing.

Theres already projects like langchainbitcoin that make this possible with the lightning network, but I guess VCs and Ai bros have other plans, probably to launch a token or some crap


Personally no, maybe summarising text I've provided or arranging things for me yes, like putting things into tables or sourcing scripts for me to try

But i think theres a large portion of people who would and do trust it blindly, the myth or marketing around AI and relatively positive experiences lull people into a believing these things are faultless and I think it will only rise, if we look at how many people blindly believe things ranking on google or showing up on social media feeds (many already created with AI) why would LLMs be seen as any different?

People are lazy and just want instant answers, quality doesn't matter


If people find value in using LLMs over search I get that, but you place a lot of trust in the LLM and very few are going to verify sources so to each their own you get what you pay for when you opt for free or easy

I don't see LLMs paying anyone yet, they are a massively subsidised business, I don't think even OpenAI has a business model that would monetise in a way that would cover query costs, yet so I also don't see them sharing any kind of revenue


I tend to side with you, thats a big tech approach, grow as big as you can and screw as many people over in the process and ask for permission later/apologise/come up with some lame as solution/non-solution

Ad revenue for content is already pretty shitty, very few websites and individual bloggers can pay the bills with only some network display ads and with LLMs pushing users to remain their service and never leaving to other sites, that only reduces their chance of revenue

Even the paywall could be done with Lightning and LLMs that need this content could provide a standard response and one with paid sources.


2023 has been quite the clean up year for #banks losing 60 000 jobs, of people who were clearly not needed if their crappy systems are still running, we're only 90 000 jobs away from 2008 levels and with interest rates yet to see a cut, its surely going to see more trimming of the fat at banks

Meanwhile new Bitcoin #miners kept joining all year, hash rate continues to increase and the asset is up 150% YOY

https://www.zerohedge.com/markets/banks-terminate-60000-workers-one-bleakest-years-employment-2008


Was it worth it?

Lol its like they're asking you to make your own, like please don't buy our product!


LLMs are useful for sifting through large data sets and digesting content, but who gets to claim the revenue, the processor or those providing the data?

Content can live without LLMs, LLMs can't live without content and now creators of that content want a piece of the pie. As #OpenAI got bigger, as their valuations balooned, as its revenue grew this was always going to happen

How they handle it will be interesting, trying to settle with big players who will sue you and ignoring the little players who can't seems like the path forward, but why not simply pass on the revenue through #Bitcoin and the Lightning network

If paid users are prompting an #LLM and your content is used as the reference, why shouldn't some of that value be passed on to the user?

https://www.nytimes.com/2023/12/27/business/media/new-york-times-open-ai-microsoft-lawsuit.html


The year probably but the next quater I think theres a drop down, stock markets are approaching ATHs I don't see how this keeps up, why are people so risk on right now? Where's all this liquidity coming from during a period of "high" interest rates?


Point taken, but it does speed up liquidity flowing into bitcoin, from those who aren't soley consuming and actually want to save, it kills the ability to save in CAD even for the most ardent fiat maxi


Lol point taken, I was just interested because they rolled out block templates so it i wanted to know if their miners opted for most fees or no spam


Whats going on with #txitter? I don't bother logging in anymore


An ordinal free block?


I think their censorship is really only for PR, there have been plenty of content trends on YouTube for example that made a lot of money/views and only got cleaned up after the fact, like text to speech channels, youtube kids focused channels making racy content, its only when they get back lash to a massive extent that they will clean it up or at least limit it to a point

As for these ads for sure they are so prevalent on the site that they shouldn't have an excuse by now, loads of people have lost money but these ads pay top dollar for auctions so YouTube kinda turns a blind eye, gotta show shareholders that revenue

Even if YouTube had to clean it up, they wouldn't go away entirely these channels are normally hacked channels that had a legit record previously and the ad campaigns often use tools that misdirect the bot checker to a legit page link while the user is redirected to another


Lol the fact that this still works is mind blowing, oh saylor or elon is going to send me Bitcoin if I send these billionaires some, gosh then you shouldn't have bitcoin


Lol I'm learning from your rants, give the people what they want

https://media.tenor.com/lWbcKa-SmOIAAAAC/no-way-home-spider-man-no-way-home.gif


Lol uncle asked me about #bitcoin at christmas dinner, we're feeling awfully toppy, especially with the stock market approaching all time highs, time for a good old crash


#Ethiopia is the latest African country to default on its debt after it failed to make a $33 million interest payment following the end of a grace period on Monday.

The last 5 years have already seen their local currency the Birr take an absolute beating against the dollar losing half its purchasing power and with this latest restructuring you can only expect another leg down

The local #Bitcoin price 2,395,083 ETB per BTC so no sense in holding on to your ETB, you already have a better unit of account in Satoshis

Original link:

https://www.bloomberg.com/news/articles/2023-12-25/ethiopia-fails-to-pay-coupon-becoming-latest-african-defaulter

Unpaywalled:

https://archive.ph/sBqGM


Look it's a Christmas Miracle.  Apparently, creditors of exchange Mt. Gox have started to receive fiat repayments for their lost #Bitcoin, which was trapped when the business declared bankruptcy back in February 2014

After a decade, all they're getting is a partial payment for their holdings in fiat, this should be a lesson to anyone still leaving funds on an exchange because "self-custody is hard" or "fees are too high"

Those fees and setup seem like a cake walk compared to a 10-year wait for some of your money. I guess it is better than nothing, might as well throw it back into some real Bitcoin and try and salvage something

https://www.financemagnates.com/cryptocurrency/mt-gox-creditors-start-to-receive-payments-after-10-years/


Looks like things are going down at #Grayscale, could this be part of the conditions for a clean up of #GBTC before it is converted into an #EFT?

https://cointelegraph.com/news/grayscale-barry-silbert-resigns-board


We wouldn't want you to start thinking things we don't want you to think okay?


Merry Christmas to you too! All the best during the festive season :)


While #Bitcoiners are spending time with friends and family, with funds safely in cold storage, #shitcoiners are still getting rekt, according to reports on the  wallet draining service called “MS Drainer/Inferno Drainer” to siphon approximately $81 million from 134,205 wallets and counting

https://dune.com/scamsniffer/inferno-drainer

The scammers capture users clicks from Google Ads and Txitter ads targetting brand searches for services and feeding the users fake versions of popular crypto sites, including Zapper, Lido, Stargate, DefiLlama, Orbiter Finance and Radient.

When the user signs their metamask to access these fake websites the wallet drainer script is activated and those users get cleaned ot


I think MEV and sniping only make the issue worse as people overbid and compete for those transactions more aggressively, so I don't see that one as a solution, maybe you kill a few mints, but you won't capture everything and if you're doing a sniping bot that kills mints you only paying to get nothing in return for yourself

I think it eventually is a combination of the list above, as more people come in to end up with zero, the reputation on this new narrative sours and court cases spring up as there has been with shitcoins, these things get deemed unregistered securities and exchanges cannot process that Bitcoin and reduce liquidity for those users, while VCs take their money somewhere else — This is a comment on: https://yakihonne.com/article/naddr1qqxnzdesxv6rxdp3xumr2wpcqyw8wumn8ghj7mn0wd68ytfsxyh8jcttd95x7mnwv5hxxmmdqyw8wumn8ghj7mn0wd68ytfsxgh8jcttd95x7mnwv5hxxmmdqy08wumn8ghj7mn0wd68ytfsxghxgmmjv9nxzcm5dae8jtn0wfnsz9rhwden5te0wfjkccte9ejxzmt4wvhxjmczyp5z2kx92g0l6g4frgfwy4kujzzfjlmukjc9cjv942d9ch4l5qglyqcyqqq823c4fma0q


I think MEV and sniping only make the issue worse as people overbid and compete for those transactions more aggressively, so I don't see that one as a solution, maybe you kill a few mints, but you won't capture everything and if you're doing a sniping bot that kills mints you only paying to get nothing in return for yourself

I think it eventually is a combination of the list above, as more people come in to end up with zero, the reputation on this new narrative sours and court cases spring up as there has been with shitcoins, these things get deemed unregistered securities and exchanges cannot process that Bitcoin and reduce liquidity for those users, while VCs take their money somewhere else


Merry Christmas to everyone who made it through another year with their stack in tact and my condolences to those who didn't and need a #Christmas miracle to reach their goals

Take the time out from shilling and stacking Bitcoin to enjoy time with your friends and family. January will be here before you know it and you'll be back at your fiat desk, slaving away for another year

Happy holidays Nostr

https://media.tenor.com/Lr0PCfwlRp4AAAAC/christmas-eve-merry-christmas.gif


I think that depends on how entrenched the program is and the % of the population taking advantage of it.

I can't speak for Argentina, but locally, I would say if you went cold turkey here, you would see massive riots boardering on Civil War, just google The 2021 South African unrest and you'll see what I mean, depending on how long that lasts it ends up being costlier than the program you removed.

But if you told people here, okay we're going to start with

- SOE subsidies or they're getting sold off
- Ending tenders
- Reducing the size of government
- Student bursary scheme ends
- Unemployment insurance
- Care dependancy and disability grants

I think they would be anger, but not full on riots

But if you had to pull the rug you have millions of people who have nothing better to do than cause chaos, they are a larger subset than  those working and paying taxes

If you asked the working class South African, they would want it too, but total social break down is not a good trade off

I'm all for cutting government and their involvement down as far as possible, I just think you need to give the private sector time to react, you can't expect the market to solve things in an instant, navigating that lag effect is a tight rope


if only my salary wasn't on ozempic 😂😂😂😂


For real tho. https://i.nostr.build/Oy2E.jpg


Lol isn't this the millennial way? If you're not living with room mates, multi-generational homes or in a van, can you even be part of this generation


I guess its just a staple metric from other socials and I guess people like it because it makes them feel like they mean something and also its a metric to sell to advertisers


For sure, you don't unwind years of failed policy with shock therapy you will only see the addict revolt, especially those benefitting from the status quo.

People don't really want change, they just larp about, if they did Bitcoin would be much bigger, what bigger change is there then moving to a new system?


Lol yet another reason to use ad free tools, no one sees the costs they pay for using "free" tools, but it usually ends up costing them more, as these people found out first hand

Also man the level of trust people have in links they see on sites is crazy, does no one verify anymore? How hard is it to cross check a URL, especially one you're going to use your keys on


"#Google and #Twitter ads are promoting sites containing a cryptocurrency drainer named 'MS Drainer' that has already stolen $59 million from 63,210 victims over the past nine months."

#Nostr decentralized protocol solves this "ad injection" attack

https://www.bleepingcomputer.com/news/security/crypto-drainer-steals-59-million-from-63k-people-in-twitter-ad-push/


Lol the practical reality of stopping government handouts is always going to upset people. It's funny how when the issue is printing money then the constitution is working, but when its stop the money printing oh its against the constitution

Maybe he is a strong man, I don't know I'm not from there, but from what I see and what i've seen all throughout time people prefer hyperinflation to austerity


lol theres an entire industry selling you worthless paper for bitcoin, not going to stop as long as there are suckers with Bitcoin


Lol Banana bread and corn is all we need!!


That's a loaf of Banna Bread.
It has 200mg per 1/2 inch slice.
I use extra Virgin Oilve oil or Home Made butter in everything I make.

My butter is 100 mg per tablespoon.

The Olive Oil has 100 mg per eyedropper. Oilve oil makes a perfect tincture too.

I cam wrap everything pro too but this is a loaf for my hubby and I only.

The green thing is a pro decarbing machine and the black and silver thing is an infuser machine.

Representing.

Thanks for asking.

https://image.nostr.build/75785dbb96e3d71c0fe365ecac7253fc5a509bc5cff7679c1114ba36067fa6b9.jpg#m=image%2Fjpeg&dim=887x1920&blurhash=%5BPEVctt7H%40oL02Rjxtbb%7DTt7o%7CRjNfR*NGt7R*oet6ayr%3DkCozWBXSaxV%40s%3Aa%7Ba%7DafWBn%23j%5Bt7WV&x=17a69a49fc0723d36030cf1109397b7bc04c62b753d3a8b177147cb2ae5f82e1
https://image.nostr.build/f4357b5f774f39992f56b181115f7e2b94c371b3a0452053c6d82a69f1c91598.jpg#m=image%2Fjpeg&dim=887x1920&blurhash=%5BXKl%5DibvwIRj%7EVWBWCj%5B%5EOV%40Sht7%25LR*azoLtlt7WAR%25t7WWWCayRjWBt6t7jZj%3Foej%5BtRofWBWB&x=2fccdb1f1dbb36b7e09b4d50e3b6cc38b422eab6504982db548a902c356b4d92
https://image.nostr.build/a4dd4d07845cb5b294b37b86106340d1003d20272e7ab3fe3f4e31e281575a43.jpg#m=image%2Fjpeg&dim=887x1920&blurhash=%5BELMCS%7Ep%24ikrjY-6s8EN4TZ%23NGM%7CTK-oR%2BX8gO-pWXt6M%7BoIoJjsENRjj%3FkCkCV%40V%40xat7WCjExZ&x=03e84f734151624ccf1a8ee96c1bcc548b2d2483a47a7ff114442356bc92c0ee


Lol its a pain you have to add all the EVM networks to your wallet first IE Poly and all that other shit and see if that address has coins in it, then you have to look if the wallet has any funds in contracts, its just way too much work, unless theres thousands in it might as well burn the keys


Lol guilty of this, sometimes you can also find the articles republished somewhere else with a search, but we're all so lazy sometimes

A bot could help with this if people post a paywalled link it can retrieve the archive or nitter link


It;s for those who tend to wake up feeling corny, or watch too much corn


Lol while you're enjoying an ad free, shill free and algo free experience, the #Txitter bros are still falling for the same old phishing link scams

Elons everything app continues to leave its users with nothing

https://protos.com/old-twitter-flaw-still-exploited-for-crypto-scams-on-x/


Drop some pics 😉 lets see the product


Lol if you didn't do the work you will always find an excuse to stay out of Bitcoin


Been fun F'ing around with Greenlight, lol guess ordinal spammers are forcing us all to learn new things


I will spend bitcoin when I am all out of fiat, and every month I am getting more fiat that some goes into bitcoin and the rest get spent, as soon as my fiat flows dry up ill be hitting up the stash so for now all I can do is make sure theres liquidity those who want to get out of bitcoin


NEW Article - Unmasking Farmington: FTX, Fluent Finance and the Coming Digital Dollar

A former partner of Farmington State Bank, the tiny rural bank embroiled in the FTX scandal, is now building the rails for CBDCs in the Middle East and beyond. Their recent activities may finally reveal the true motives behind Sam Bankman-Fried's and his allies' use of Farmington, with major implications for the coming Digital Dollar.

https://unlimitedhangout.com/2023/12/investigative-reports/unmasking-farmington-ftx-fluent-finance-and-the-coming-digital-dollar/


All a game of control, as long as you believer their IOUs have value you'll give up your labour, freedoms, your first born and more


Few understand: There is no such thing as “tax revenue” at the federal level.

Every dollar that exists came from the State or its agents (banks). The State doesn’t need your money. The State creates currency in whatever supply it wants.

What the State needs is your labor, which it compels through taxation. When you pay taxes, you’re paying with coupons the State made for that purpose. Every dollar is a get-out-of-tax-jail card.

You are a slave. Fiat currency is blood money.


Still a lot of people trusting and not verifying

nostr:note1sdursyve7z59rwvqsqkmfkhsfufaja7ncfxxdg35n3ykms2efwfqfpc5ur


Lol I'm with you, seems you're right all is forgotten already and the new scams that will blow up in the next cycle are already in the works and the numbers will only be bigger and the scams will only get dumber

Happy that people are willing to give me another chance to increase my stack while they play stupid games


With fees on-chain pricing out a lot of users, looking for alternative custody methods are going to be on the rise, having federated mints on-chain is one option, but who would be the guardians of the mint and how would it work?

https://thebitcoinmanual.com/articles/fedimint-federation/


👻

https://www.theblock.co/post/268809/amboss-launches-ghost-addresses-to-help-combat-custodial-bitcoin-lightning-wallet-reliance


Interesting game theory here, keen to see how the 0 fees for leaner block templates make a difference, and how much margin you'd make from those who choose to include ordis


A decentralized #Bitcoin is a Bitcoin where miners decide what goes in blocks, not pools.

OCEAN's ultimate goal is to make this a reality, and today we take one step closer to our vision of decentralized block template construction.

Available immediately, OCEAN is offering 𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗲 𝗯𝗹𝗼𝗰𝗸 𝘁𝗲𝗺𝗽𝗹𝗮𝘁𝗲 𝗽𝗼𝗹𝗶𝗰𝗶𝗲𝘀, giving miners control over what blocks they are mining.

The three options are:

1) OCEAN Recommended (most real financial transactions and least spam)
2) Bitcoin Core with the “Ordisrespector” spam filter
3) Unmodified Bitcoin Core (same as other pools with fewest financial transactions and most spam)

OCEAN will continue its 0% promotional pool fee for options 1 & 2 while there will be a competitive pool fee of 2% for option 3.

Our fees are structured to incentivize miners to make choices that benefit the Bitcoin network in the long term.

Suggestions for more templates? Let us know at mining@ocean.xyz.


I think the lesson has to come at massive scale otherwise people won't take it seriously, we warned users about exchanges, they didn't listen because mtgox was early and quadriga now they see FTX and Celsius and some learned but most didn't this cycle has to repeat and stackers just have to pick up the pieces

lol i'm so here for it man


I tend to side with you, despite how people are pitching it like its all figured out, If they have to stick to the supply they can source, they will need to pause purchases from time to time, which isn't going to fly so I am sure rehypothecation will happen in some form

And boomers are going to have get rugged like everyone who chose to use custodians in the past


If this doesn't push exchanges to adopt LN then I don't know what will


If this ETF goes ahead and they need to buy so called "clean" #Bitcoin that meets their arbitrary regulatory standards, I guess they would need to either mine themselves and be very specific of the transactions they include (#OFAC and #Ordinals excluded) or they would need to buy up every newly minted Bitcoin to meet their demand

So what does that do for the price? Will the #ETF be the leader pushing up the market or will they dislodge from one another and the ETF trades much higher because of all the restrictions?

Would that really make sense if a spot ETF is meant to track the underlying and how much of a difference would the market tolerate between exchange spot and ETF spot prices?

https://cointelegraph.com/news/bitcoin-spot-etf-launch-risks-coinbase-analysts


It will always be the countries with the strongest fiat money that feel they have more to lose and will fight against it and thats great, gives people and smaller countries to build their moat and prepare for the redistribution of wealth globally.

I think politicians should throw everything they can at Bitcoin, push it to the max, no sense in larping that the network is anti-fragile and not seeing how much of an attack it can withstand


Please read this. "Playing nice with the government" is the stupidest fucking thing in the world.

The conclusion is a call to action to vote, but that’s irrelevant. In the near future, you will have the opportunity to vote with your economical node. Please choose the Bitcoin that offers freedom, or we're seriously fucked. nostr:note1kw2lwj4uwwk4n4g9ct8zlhuaxuhluchn28aqq57c9quw7jyhywesyql5nx


Today I'm launching Flare, a video sharing site built on Nostr! 🎉

Like YouTube, Flare lets you upload, view, comment, and like videos from your favorite creators. BUT unlike YouTube, we can't strike, shadow-ban, or demonetize you just because we disagree 🤗

Since Flare is built on Nostr, you are free to serve your content from anywhere and consume content from any kind 34235 client you'd like.

Check it out at https://www.flare.pub/ 🔥
https://v.nostr.build/VygA.mp4


lol nostr - Look at me, I am your everything app now


Tunestr is born.

Take it away, nostr:npub13qrrw2h4z52m7jh0spefrwtysl4psfkfv6j4j672se5hkhvtyw7qu0almy

https://welcome.tunestr.io/


Lol a lot of these bluechecks will leave when they find out you actually have to engage with people and not spam headlines


Lol I wonder what all the blue check brigades are doing now that they can't pretend to be smart on Txitter


No brains allowed

Featuring a certain senator https://image.nostr.build/e766b110686f2223c42bd6b3081a510cf176f41ca220eace3318d2b1127ac3cb.jpg


Bitcoin is a thought crime


BREAKING!!!

Looks like the Marina Browser wallet got an upgrade and you can now send and receive ⚡ #LightningNetwork payments with your Liquid balance on the fly with swaps done via BOLTZ

Never been a fan of keys in browser wallets but hey if you want to F around and find out like the #metamask crowd go right ahead

https://m.primal.net/HUgU.mp4


Lol I was already blocked by him on Txitter so i've been spam free for a while


Watching nostriches take down a #Txitter engagement whore down several pegs is why I love this place.

If you're not going to put in the proof of work, you can always buy engagement by zapping all of us lol

https://m.primal.net/HUgH.jpg


Lol hasn't commented on a single persons post, is this engagement?


Lol the everything wallet is slowly taking shape


I think it already has, have you seen how bad google search results are these days? They didn't prepare at all well for content creating content based on referencing content over and over at speeds no human could do


I'd even settle for some threads, please!!!


Lol guys pahless give me engagement, I need it!


LOL oh no I can't just rely on paying Elon for Algo boosts and bots for engagement so I can drive vanity metrics that get my pipi hard and I can sell to advertisers?

Fuck off!

Nostr where influencers come to die!


Inflooencor: Why no engagemnt here😩
Me: Your content is shit.
Inflooencoor: https://i.nostr.build/g4Y6.webp


Lol dead internet theory at its finest


Lol mix them up, flip them and see where they land, lets make it really interesting


post a picture of each disk laid out on the table for interest sake :P


Stick to Twitter and threads then follow the money and the metrics


Takes a bit of a workaround but you can F around with the Liquid Network in your nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm wallet and bounce between Lightning and Liquid

Use at own risk!

And if you can build an improved experience there's a bounty of 2.1 million sats up for the taking thanks to nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n and Alby!

https://blog.getalby.com/liquid/


Honestly, it makes no sense why you want in-kind, offers little margin for error, I guess maybe it was a ploy put in there to make it seem as if they were negotiating lol

Cash settled gives them definite breathing room to BS boomers and you can be damn sure the temptation to rehypothecate is too strong, they'll tell themselves they can cover it later when they generate X amount in fees buying and selling the IOU on the same Bitcoin over and over

Cash settled makes it far harder to bank run the ETF, especially in times like fucking up your custody or getting hacked


GM! Glad to have you back and hope you having some time off for the festive season


Lol damn liquid is pumping, so many people were shitting on it, and now whats happening? Oh no you don't want to pay fees now suddenly its not a shitcoin?


Lol you're asking the wrong person, I never got into any position of power or rubbed shoulders with people like this, so I have no clue how this game works and I want no part of it, happy to be a simple pleb with sovereign money


Just use a long from client instead, isnt that what they are made for?


I am so ready for the fire works, these law suits are going to make FTX and the rest look like a joke.  Boomers cry the hardest when their money is gone, they don't know how to take a loss

https://media.tenor.com/mcKvZl_bfVQAAAAC/comendo-mastigando.gif


So all this bullish #ETF news seems like there is validity to it and is likely to happen in 2024, but with a snag, this will be a cash settled ETF.

That will make them more expensive and less attractive to buy which is perfect because its only dumb money that buys ETFs so why would they care if they getting a good deal or not lol

On-chain #Bitcoin will still be attractive for the discount, so relax, let the boomers try and fail at paper Bitcoin, just like the #shitcoiners did

https://finance.yahoo.com/news/sec-attaches-string-bitcoin-etfs-151014197.html


Yeah, i'm not pushing it on you, I don't custody on Liquid for long periods, just until my stack is big enough to go on-chain or when I see pauses in fee spikes.

I use LN alot and then swap those balances into Liquid and when I have 1 big UTXO i move it over, the same could be done if you happy with your custodial LN provider and just stack there and do a swap to on-chain when you're ready


Lol Then I guess we have to blame all women, because thats where they come from, so they clearly left their planet to come and ruin ours


Lol I look forward to the great pruning once all this spamming is over


I get that everyone has to make that decision now, its not just about paying premium fees now, but if you're creating small UTXOs in your wallet you're only going to penalise yourself in the future too

Sure you can go with a custodian be that an exchange or an LSP, or even a federated custodian like Liquid, all about your risk profile i suppose, until you're ready to go on chain.

No right or wrong way to stack really, just as long as you know the risk and happy with it.

Is liquid perfect? No but I think 14 custodians colluding versus 1 seems like a marginally better option for me, but to each their own


Lol how do you figure that?


If you wondering why the degens are willing to pay exorbitant fees to create tokens and NFTs on chain where block space is limited and slow and have no interest in moving to a side chain which could be cheaper, here's a break down of reasons why they like the way things are and won't be keen on changing it

https://thebitcoinmanual.com/articles/ordinals-move-liquid-sidechain/


Lol never said these people were the most rational, they're all just hoping to make it out of the dog pile as the one on top


I keep telling myself soon this #ordinals trading will run out of steam but I don't know how soon is soon and does soon come soon enough.

Had a look at the flagship #shitcoin BRC-20 token Ordi and it hit an ATH in satoshis 13 days ago and has held up around 150k sats per coin with users able to mint 1,000 per transaction so the average Ordi mint nets you 1.5 BTC if you're dumping around current prices

Not bad for maybe spending a fraction of it to mint in fees, this is why these people don't give a damn about fees, they think they're getting stinking rich on paper.

Sure there claims to be 10 000 BTC worth of trading in a 24hour period for this shitcoin, but theres nowhere near enough liquidity for all these ass clowns to end up in profit

This is the lie they're selling retail, and this is why so many are flocking into it, they're thinking I missed the Bitcoin bus but hopefully I can 1000x this BRC-20 token and end up with a few #Bitcoin in the end.

https://m.primal.net/HUWI.png


Keep flexing those stacking muscles


Stacking like the halfing, the ETF and lower rates are not priced in


GM! There's no guarantee. But #Bitcoin can deliver.

https://video.nostr.build/18841deba1a9844c587d8a1943da456ce736a1a3a325d18943ee55d30d4dedf0.mp4#m=video%2Fmp4&dim=1920x1080&blurhash=i.HCAoV%40t7aej%5BayaykCay%7Eqj%5Bayj%5Bj%5Bazj%5Bayj%5B%3FbkCWBj%5Bj%5Bj%5Bj%5Bayj%5B%25Mj%5BkCayayayayfkj%5BWBayj%5Bayayayayj%5Baz&x=ae4002601042edb33571208ff03be08b664f2d78d97b01b7152007f56971afbd


ANNOUNCING TOP BUILDER! TopBuilder is an intense competition designed to discover the next wave of innovators in the Bitcoin ecosystem. With many teams competing over two months and three challenging rounds, this event is the pinnacle of Bitcoin-building contests.
This  8-week educational program is an exciting blend of builder sessions, workshops, announcements, and speaker panels, all designed to foster learning and growth within our community. Presented by @_WolfNYC & @PlebLab
Apply before Saturday January 13th to participate in this unique Bitcoin competition.
And win up to $15K in Bitcoin. Learn More: https://www.topbuilder.dev/
https://void.cat/d/XXj5Cb7Gwi9MNmicWCyWHk.webp


GM!

Just checked up on available block space and its still a complete shitshow, so anyways back to what we all were going to do toda

https://m.primal.net/HUVY.jpg


Look mum, one of my memes made it into a book, lol

https://m.primal.net/HURx.png

https://www.amazon.com/dp/B0CNVL4Z34


NEED!!!

https://media.tenor.com/X7HwYNPF2hAAAAAM/i-need-it-robert-downey-jr.gif


Lol they're slowly killing themselves, the plague is starting to migrate to other chains due to the fees and the hype train, so as their little niche dilutes we'll see how long they can keep up.

Really going to be a ballache if a bull run from the halving kicks in or the ETF to give some of these failed projects more runway.


I wonder when a nostr client becomes big enough that they try this shit? I mean Damus already has had issues with Apple they clearly don't know what a protocol is


Lol me showing people complaining about #Bitcoin fees, how easy it is to set up a Lightning wallet with #Greenlight

https://m.primal.net/HUPM.jpg


Yeah no, not in its current form no, these massive hash rate dictating pools just gives me way too much proof of stake vibes, while I like what drivechains wants to do IE scale Bitcoin, I think there are other methods that have better trade offs like CTV


Lol sometimes I forget that normies are stuck with so much baggage from repetitive lies that they can't even think straight, its always so funny seeing people get a hard on for this or that passive income generation opportunity as if there is such a thing

And then secondly not recognising the problem of why they feel the need to go out and source more money

I've tried many times to explain #CAGR is king and you don't need all these interest or dividend products that are underperforming #Bitcoin, but hey to each their own.

Your stack is a reflection of your ability to think critically

https://m.primal.net/HUOq.jpg


Its all one big game, a few ordi bros will make out like bandits, the rest get rekt and miners are under less pressure, the stackers will just need to continue to gobble up bitcoin while these nutters haven't figured out what they spending in fees is actually the thing of value


Very cool, looking foward to seeing more open source tooling 😉


OPENSATS IS PROVIDING FUNDING TO SIXTY OPEN SOURCE CONTRIBUTORS AND PROJECTS. MORE TO BE APPROVED SOON.

WE OPERATE ON A BITCOIN STANDARD. ALL FIAT DONATIONS ARE IMMEDIATELY CONVERTED TO BITCOIN. OUR TREASURY SECURED BY GEOGRAPHICALLY DISTRIBUTED MULTISIG WALLETS.

100% OF ALL DONATIONS ARE PAID TO GRANT RECIPIENTS. WE DO NOT TAKE A CUT. GRANTS ARE PAID IN BITCOIN. MONTHLY.

ONWARD 🫡

https://opensats.org


8:44 Cape Town, South Africa


Yeah I've also redcued my LN custodial exposure, really just stacker news that I haven't, and moved to using Greenlight for some of my LN for now, consoldating all my balances on liquid and now moving on-chain and taking that punch in the teeth fee lol


So many lightning companies are getting rekt right now by compliance, I know first hand.

I think rug risk is up a LOT right now.

If you just keep a balance in a custodial wallet, for zapping, keep it to an absolute minimum and be ready to truly lose it.

If you have more than you want to lose, but not enough to justify on chain fees, consider swapping them for L-BTC on boltz.exchange

Imho


Do you like spending time looking at data and playing around with charts for your orange pilling efforts? Then you might want to keep track of the following data points

https://thebitcoinmanual.com/articles/essential-bitcoin-charts/


Spacechain, softchain, surfchain and engima?


Buy some USDt and swap it for Liquid or LN on a swap service would be the simplest route, everything else is a ball ache


Lol most dudes who think they escaped the matrix just replaced the MSM with podcasters who know even less


Lol, I don't know why they need to make up all this nonsense though just go fuck around with futures on LN markets or some deriatives exchange and blow yourself up without the need for all this token drama


Let the good times roll and the cheap sats flow
https://m.primal.net/HUGg.png


https://image.nostr.build/da681b0cb230df36f15a6a003e32fc41d14d529eea8af1b8678877b1f1779aa8.jpg

Stack sats for the holidays with the first of our December 2023 Blockstream Green Bitcoin #LAYER2DROPS!

To enter:
👍 Follow @BlksGreenWallet on x.com
⚡ Renote this post in the comments below
📷 Comment below with a screenshot from Green with a Liquid receive address visible as a QR code.

We’ll Drop Liquid sats on any Liquid addresses that come from Blockstream Green, the all-in-one #Bitcoin, Liquid, and Lightning wallet 🌊 ⚡


Lol aged like a fine wine


Just when you think the tards were done, they've found a new play toy, with the new update to Ordinals BRC-20 tokens aren't compatible, so theres a new #shitcoin standard in town, CBRC-20 tokens

As if there isn't a mass graveyard of ordinal pump and dumps dead in the water with wasted space on chain already

I hope the #miners take these clowns for every penny they've got, some people are just doing their best to ensure they end up with less Bitcoin and thats fine by me

https://bitcointalk.org/index.php?topic=5478072.0


I would never put it past him, for now I think the one thing he could do is dump more Tesla stonk to keep Txitter afloat a little longer, but does he have the appetite for it? It's not like he can go refinance that current debt book with much better terms to buy some time


LFG!


Tired of clearing the same notifications when switching clients? I just drafted a NIP that can fix this in a compatible way. Take a gander:

https://github.com/nostr-protocol/nips/pull/933


Exchanges that don't support L2s are thinking cool they can keep users locked in and make money on their assets under management, but its so easy to just buy USDT and go swap it for BTC

I would love it if had something like statechain LN channels and users could just buy an LN channel all set up and ready to go


Ballsy move lol


Lol, Mukbungr!


Aren't you just a provocateur, oh well we're all a bunch of glass eaters here, so keep the hot tkes comign


Any takers on when Txitter burns through all its runway? My guess is they have 1 year left and will need some kind of bailout or injection of funds

The debt they hold continues to pile up due to higher interest rates, and advertisers are not bidding their auctions up as aggressively as before with many leaving and CPC's dropping

The whole pay to play needs to 100x from the reported 640k users paying for check marks to around 64million, for it to bridge the gap or so i've heard. Remember they're offering a revenue share and without advertisers the revenue share has to come from other users, kinda seems like a ponzi but hey Elon is berry berry smart

https://m.primal.net/HUFr.mp4


LOL I can't, wheezing!

nostr:note1w604dddhcshsjldq5q8dged5q0p52x9mwltpmygx3mlytkta3fusn824cu


There is definately some metal gymnastics involved, but I don't think it was ever about the technical aspect of it, token contracts have been around for ages, to me its about being able to use block space to signal/infer value


yep, they're just the serial satoshis used to reference the NFTs or tokens they're trading


I don't doubt it, I know one miner bought Ordinal Hub and I'm sure some are actively funding these PSBT dex front ends and wallet development, miners have always been shitcoiners when its helpful, we looked away when they were merge mining but they are always looking to cream some more, thats their business


This is really crazy to see so few normal transactions in a Bitcoin block, look at this block just filled with #Inscriptions and #STAMPS

STAMPS - Bare multi-sig

https://m.primal.net/HUAq.png

Inscriptions

https://m.primal.net/HUAr.png

Looking at mempool.space and filtering a block to see all this fake ass activity is kinda depressing. At least miners are having a good time


Would indeed be interesting to see, if I was living there I'd be hauling ass to get as much Bitcoin for the pesos I own, while I still can


None of us know, it could be state sponsored but my guess is its VC sponsored, a way to create an unregulated securities market on Bitcoin because its labelled a commodity gives them time to run their scams while regulators catch up

I don't see high fees or sustained high fees as an issue because its a forcing function for adoption of L2s, businesses will need to adopt it or lose customers to those that do, and its likely going to be a combination of things, federated custody on LN, improved non-custodial LN, and maybe convanants which can unlock things like darkpools and Ark are my best guess

Fees are already pushing users to seek out other options, I say let them keep attacking it so we build solutions and the satoshis get redistributed to those who value them the most


Lol stacking on Liquid and waiting is my game plan, this too shall pass, did an on-chain a week ago and it was like having my teeth pulled, no point in competing with these crazies


What were you using ledger connect for? Rootstock?


I'm with you, I've ditched Twitter, I didn't get much out of it to begin with, and things like stacker news and nostr always filter out anything that is important, and that i'd want to read anyway and leaves the rest of pseudo intellectual babble on Twitter

I enjoy a life without doom scrolling now


Can you share some stories, i'd like to read up about it, I would have thought india would be focusing on getting as much cheap energy as possible to support the massive population, they really don't have the luxury to build anything that doesn't work at massive scale


Lol welcome to the third world, my water was also off for 3 days last week, we like to make things harder for ourselves


Absolutely, we also had greenies boycott LNG in the karoo and off the coast as well as nuclear, so they got what they wanted, as you say like fiat the effects come later and the feel good and moral grand standing can happen today, before you know it you're shit out luck

I would imagine with AU being a mining nation, and having other heavy industry killing base load is going to kill jobs like crazy. Get ready for rampant unemployment, theft, and general degeneracy, I think G7 nations have much further to fall relatively because they had so much energy to start with to create the markets they have today

So the fall will be much harder, not saying its not a complete shit show here, but we never fully tapped into our energy reserves to begin with

Here are a few articles, one is about them stealing locally, there are now local companies like solar tilt that build more robust structures as an ant-theft measure and microdotting of panels to try and avoid reselling but price is still the factor.

If the going rate for an install is $8100 at minimum for an entry level and someone offers you half price or even less with stolen stuff, who is going to say no?

You have an entire country ready to buy cheap stolen solar,

- https://businesstech.co.za/news/energy/710210/how-criminals-are-stealing-solar-panels-in-south-africa/
- https://www.dailymaverick.co.za/article/2023-07-23-theft-of-solar-panels-on-increase-as-criminals-seize-new-opportunity/

Just an anecdote my father has 4 trucks, and has had to replace batteries 3 times this year, we just did it last week due to a theft, because batteries are registered on a database, they don't tend to put them back into other trucks but rather to set up in peoples homes


LOL if you're having to use a casino as an analogy you've already lost the debate