“At this moment, lying on the bed, sick and remembering all my life, I realize that all my recognition and wealth that I have is meaningless in the face of imminent death…” -Steve Jobs

Most humans on their deathbed would give up all their wealth for just one more day of life - regardless of the level of wealth acquired.

Prioritizing health and wellness in the present is ostensibly worth millions (or even billions if you could get there) to your future self.

It’s also quite interesting to think that one day completely broke but alive is worth entire fortunes. Life and health is the most precious things we’ve got…


UNFORTUNATELY IT SOUNDS LIKE YOUR MATH HAS GOTTEN WORSE


Pronouns: Fuck/Your


There are 60 million millionaires in the world, and every single one of them has a store of value problem. And so does everyone else in the world.

The cost to ship a sizable amount of gold internationally costs hundreds of thousands or millions of dollars. Even if you just buy hundreds of thousands of dollars worth of gold domestically and bring it home, you're paying a spot markup of thousands of dollars. The cost to close a luxury mansion real estate deal (which many wealthy people just own and leave empty as a store of value) can be hundreds of thousands of dollars or more, and then depending on their jurisdiction they pay hundreds of thousands of dollars per year in property taxes on it. An international wire transfer often costs like $30 and takes days and is entirely permissioned/centralized/credit-based. Credit card fees are like 3%. The global banking industry generates hundreds of billions of dollars in fees per year even though it's all centralized.

Bitcoin is a decentralized global liquid store of value and settlement network. You can send money to any internet-connected person in the world generally in an hour or less depending on desired block confirmations. You can indefinitely self-custodially store value in a unit that is scarcer than gold and scarcer than real estate and that unlike both gold and real estate is globally portable. It currently costs like $35 to do this and everyone is losing their minds at how expensive that seems. But $35 is an *outstanding* price for this service, and in ten years I have no idea what the price will be but there are many scenarios where it could be way higher.

Right now, bitcoin fees are higher than normal because people are trading frogs on the timechain and so forth. But regardless, people need to be ready for the prospect of sustained high fees if bitcoin adoption continues to grow structurally with limited block space. This means users, developers, businesses, etc. To put it into this bigger context, fees are still insanely cheap compared to other alternatives listed above that give similar store of value and global payment properties at scale.

I'm a bit surprised fees haven't *already* been $35 on a regular basis by now. So to flip it around; fees aren't expensive because there are frogs on the timechain; fees are still cheap because relatively few people are using bitcoin to send and store money compared to the total addressable market that could be doing so.

Does this price out small users? Unfortunately, yes. That's where layers come in, and the options vary depending on if someone is a power user or not. Hal Finney wrote about that in 2010; it's not a new narrative.

A couple Lightning channels can open a lot of payment liquidity for you. Sidechains like Liquid didn't get much attention when fees were low but now people are giving them a second look. Chaumian mints allow communities around the world to set up their own community banks/custodians with built-in privacy.  Places like Cash App allow people to buy bitcoin with decent custodial assurances run by serious people (eg it's not some crazy-haired idiot in the Bahamas). These are all tools that people can use to have bitcoin price exposure, pay in bitcoin, etc. And a unique aspect of bitcoin is the ability to split control. Multi-institution multi-sigs, or federated sidechains: the fact that ownership can be broken into several different entities is not something available to gold or similar assets, and yet a lot of people take it for granted on bitcoin. These are all tools that businesses can offer and people can use for smaller amounts, and then pull into on-chain self-custody if they have a sizable balance for longer-term storage.

In the future, some soft forks or non-form upgrades might allow other types of models. I think the ecosystem is still in its infancy. But in the meantime, it helps to have perspective on what bitcoin offers compared to alternatives, and to be realistic about the long-run inevitability of substantial base-layer fees if any meaningful adoption becomes sustained, and thus the importance of preparing for them.

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


It's a PSA PSA


PSA. #gunstr #grownostr
https://image.nostr.build/f0686c2c266bcfc750a4f30f4a951226af00aaab3bbac4de7f238604252f6b0e.jpg


If you're listening to Radiohead now, in order from Pablo Honey forward to In Rainbows (and beyond), imagine how their metamorphosis was to experience over the period of ~14 years that took in real time. It was very strange and wonderful.


If you are an operator in the bitcoin mining industry in the US it is imperative that you ignore this survey and tell the EIA, the Department of Energy, and the current administration to fuck off.

Here's what they have in store for you.

https://tftc.io/eia-bitcoin-mining-survey/


Lookit the balls on that little fucker


TBF, they did at least also circle the fire mode indicator...


The most important thing with the #Bitcoin ETFs that most people seem to miss is the rate of accumulation.

The last few $MSTR mega-stacks (over 10k BTC) were 14.6k and 16.1k BTC.

IBIT’s average stack is ˜$200M/day or 4.7k BTC.
FBTC’s average stack is ˜$175M/day or 4.2k BTC.

So every 2 trading days, just 2 of the New Nine are hoovering up what MSTR does in a good month.

But more importantly, the IBIT/FBTC intake is ˜9k BTC a trading day. Mining only supplies 900 a day. So demand from 2 ETFs alone is 10x supply. Supply is going to get cut in half in less than 3 months, which means this demand will be 20x supply.

And this demand is just 2 ETFs. Don’t forget MSTR, Tether, and many more corps are also accumulating, along with nation-states, HNWIs, and plebs.

Plan accordingly.


A blue and yellow poison dart frog with black types and black eyes on stalks.


You got a long way to go, boy.


Hey anon, are you prepping for war? Then you'll want to learn how to mask your signature from drones.

Remember: to be detected is to be targeted. To be targeted is to be killed.

https://2ndbn5thmar.com/wp-content/uploads/2023/09/SIGMAN-Camouflage-SOP.pdf


This is now a Peter St. Onge fan account.

“… in that case, rising GDP means the country is getting richer. Because more stuff is being produced.

But it's actually the opposite when it's government spending. Because government's job is taking wealth and lighting it on fire. That means when GDP is growing from government spending it's not measuring wealth.

It's measuring dissipation of wealth at best, destruction of wealth at worst.

Essentially, the pace at which we're going Soviet, replacing private wealth with government waste.”

https://www.profstonge.com/p/27-trillion-buys-spectacular-gdp


This was so close to being a Haiku


Same, and I have the same one. It's really good, but surprisingly expensive!


A giant crab flexing


You don't unless they can sign a message using the private key associated with it.


We're giving away a BLOCKCLOCK mini from nostr:npub1wu4aye7ll0lnrrg638e90sehzsgpzx5t39t3mwl05aa0d0ap08esdz3vw0

This awesome #Bitcoin art piece can show you live stats from the Bitcoin network. See things like block height, sats per dollar, mempool fees, and much more!

How to Enter:

1. Boost / repost this note
2. Follow nostr:npub1kns8r25ppwc2vpsv5cvhlpk94nfad76k64pkdzfnn704th2hmcksgq3582

We'll pick 1 random winner on January 31 and announce it here on #Nostr
https://bitcoin.rocks/img/nostr/giveaway-blockclock-mini-jan-24-2024.png


Two masked Dustin Hoffman's with heads thrust forward towards each other, standing in front of a giant skull.


It has officially been one year, and everyone here freely using this open protocol most definitely gives a shit about it.

Cheers to everyone using #nostr today, and the many more who will soon realize its power 🤙 https://i.nostr.build/Zzak.jpg


You know why this can't work, right?


Temperament is the most important thing in investing.

I’ve known many smart people, who underperformed because they simply had a difficult time controlling their emotions.

Your brain is constantly seeking psychological comfort, and the truth is that good investing is about being extremely uncomfortable for long periods of time.


Schiff Faced


🍓 pew pew mfer 🍓 https://i.nostr.build/46LG.jpg


Your wife wants you fat. 😂


What am I looking at here?


Blue Wallet and Blockstream's Green Wallet both have coin control, which is the feature you are looking for.


SELL EVERYTHING AND BUY BITCOINS. WE’RE ABOUT TO RIP SO FUCKING HARD. https://image.nostr.build/5ba2a635a278fcd3e556dcab570e1f06448dcfbcffd78c78dd5f6c2397757935.jpg


Less than threeeee


Politics is the epitome of the principal-agent problem.

Too bad 99% of people don’t know what that is.. https://i.nostr.build/l7rj.jpg


5 mixes


Looks like you've got competition, nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8
😂😂😂


Same.


Things I had to learn by doing my own research:

•Paying taxes is immoral.

•Decrees from authority are foundationally corrupt and create negative externalities.

•Plant-based diets are detrimental to human health.

•Sugar isn’t okay to consume.

•Seed oils are toxic (and in 80% of grocery store and prepared foods).

•Butter is healthy.

•Cholesterol is protective.

•Meat is the most nutritious human food.

•The news only (intentionally) broadcasts deceitful narratives.

•Inflation is covert and intentional theft.

•Voting legitimizes and entrenches further the criminal Uniparty system.

•Doctors, police and military personnel are (often unwitting) authoritarian enforcers.

•The fiat monetary system is a Ponzi scam.

•Unnecessary consumption isn’t virtuous or helpful.

•Banks don’t have depositors money nor is the money legally theirs once deposited.

•All politicians lie.

•All regulators become captured.

If it wasn’t for the internet and #Bitcoin I never would have been able to figure these things out.

There is hope for a great awakening and I believe we’re all part of the first big wave of this movement. Gives me a lot of hope for the future. Stay frosty frens.


That's wild. Does your right thumb bend?


Is your thumb...weird?


I dunno what happened to Dr. Drew, but he's seriously compromised these days. Once I realized he was hawking the V-Shred diet nonsense I knew it was time to stop listening to anything he has to say.


Two mer-people having a lively discussion.


Seed phrase


Well, that would imply a 2.1 quadrillion dollar market capitalization. So there's that.


He's doing just fine, despite himself.


We spend our entire lives working for money that they can print for free.

Opt out with #Bitcoin https://image.nostr.build/4470de038461cee5ae40b3100d5acd0b00ad749440365d988a35a90c5499ae02.jpg


Paging nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8


PEE VEE, CEE KAYYY


Those are green iguanas.


You don’t have a #Nostr account. You have a key that signs events, and you publish those events, and then anyone who wants to read those events can do so by retrieving them from anywhere they exist. There’s no one to turn it off, there’s no account to suspend or restrict. There is simply information flowing to and from you and everyone else who uses it. This puts the power of speech back in our hands.


If you grew your savings by 10% in a year, but the price of everything went up 10% at the same time because they keep printing money, you made NO PROGRESS at all.

You worked *harder* and consumed less, to end up exactly where you started.

Stop using money that literally scams you out of what you earn.

#Bitcoin is better money


🔔 🔔 NEW OP_RETURN 🔔 🔔

09/01/24 SEC Chairman on the brink of second ETF approval

https://mempool.space/tx/07bcf35c548e402e2219fbd846d4e736418d777c38bda6465e7f2956fd63e948


Bucktoothed Batman


1,000,000 sats


Funny, but they should really all get suppressors. Don't wanna mess up their hearing unnecessarily.


He was an eagle?


Typically, I have no idea. However I have had some going for weeks now. Sometimes it is fast, but usually not.


Hello, from 10"+ of fluffy snow in the Hudson Valley.


Pretty sure she turned down 200,000 Linden Dollars, or about $20,000 at the time.

No one had hundreds of thousands of BTC in 2009 except maybe Satoshi.


Thanks, War On Drugs! 😂


✌ https://coinkite.com/chancellor.jpg


Can we all start the year 2024 with some #BodyPositivity, please?
https://video.nostr.build/1f348054daf13fd7ce45652e95d8320e77fac1dd23319009f131712b04ad234b.mp4


Some of us don't go to conferences, and can, in fact speak to women.


nostr:npub15879mltlln6k8jy32k6xvagmtqx3zhsndchcey8gjyectwldk88sq5kv0n I get that you don't distrust RT, but can we get some other sources now and then?


VC scam. Do not touch.


Now you can make an analemma


IF YOU SEE nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx POSTING IN ALL CAPS, YOU SHOULD START STACKING HARDER


I'm assuming this is talking about Chronic Wasting Disease?


My Nostr predictions for 2024

Today marks one year since I joined Nostr. It’s been a crazy year, but I have a feeling that 2024 is going to be much crazier. Here are some predictions:

1. Nostr social media clients will become insanely good. By the end of the year we will surpass the legacy social media clients in terms of UX and features, making them look like relics of the past.

2. More lightning wallets will implement Nostr integration. By the end of the year Nostr will become a de facto standard public lightning directory.

3. The bitcoin bull run will bring more users to Nostr, adding more gravity to the network.

4. At some point, a massive new cohort of users will join Nostr. We won’t be ready for them. Relays and other services (indexers, media hosting, etc.) will struggle to support them. After some hiccups, the Nostr ecosystem will adjust.

5. With the increased network activity, spammers will return in force. They will be sophisticated and relentless, putting all of our spam mitigation services to the test.

6. Long form notes will become much bigger on Nostr.

7. At least one “other stuff” content type will take off in a meaningful way.

8. Nostr’s censorship resistance capabilities will get tested in a major public episode.

9. The AI community will get much more interested in Nostr. They will be attracted by the idea that open source language models, combined with Nostr’s open social graph and publicly accessible data - could actually democratize AI.

10. By the end of the year everyone - even the haters - will realize that Nostr is going to win.

11. nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx will accuse me of not being bullish enough.

Anyhow, GM ☀ and Merry Christmas! 🎄🎅🏻


BIG HORN OUTDOORS Portable Infrared Broiler Propane Gas Grill, 1500 Degree Stainless Steel Tabletop Quick Cooking Steak Grill for Meat, Seafood, Veggies https://a.co/d/4l09aCx

I did the research. Was going to buy a Schwank and got this instead. It is fucking amazing. Very happy with it.


Weird flex showing us your wife's turd, but OK.


"When my husband died, because he was so famous for not being a believer, many people would come up to me - it still happens to me sometimes - and ask me if Carl had changed at the end and converted to a belief in an afterlife. I am also frequently asked if I believe I will see him again.

Carl faced his death with indefatigable courage and never sought refuge in illusions. The tragedy was that we both knew we would never see each other again. I never expected to be reunited with Carl. But, the great thing is that when we were together, for almost twenty years, we lived with a vivid appreciation of how short and how precious life is.

We never trivialized the meaning of death by pretending it was anything other than a final goodbye. Every moment we were alive and together was miraculous, but not in the sense of being inexplicable or supernatural.

We knew that we had been beneficiaries of chance. That pure chance had been so generous and so kind. That we were able to meet, as Carl wrote so beautifully in Cosmos, you know, in the vastness of space and the immensity of time. That we were able to be together for twenty years. That's something that sustains me and that's much more meaningful.

The way he treated me and the way I treated him, the way we took care of each other and took care of our family, as long as he lived. That is far more important than the idea that I will ever see him again.

I don't think I'll ever see Carl again. But I saw him. We saw each other. We found each other in the cosmos, and that was wonderful."

- Ann Druyan

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


Yes.


Ahh, here we are


Movie idea, John wick goes after everyone on the Epstein list.


What was the prompt?


DO EET


Says you


Twitter account suspended because I posted “eat the glass” in response to a do hard things entrepreneurship post.

This apparently encouraged self harm and now I’m on read-only until a faceless bureaucrat in San Francisco clicks a button.

The use case for Nostr was always obvious but now it is increasingly tangible.

The censorship will continue until the protocols and tools improve. Thankfully that is why we are all here.


This is the only part that makes me want one, really. Being able to solo mine and point other miners at my node is huge.


GoT tunes?
https://v.nostr.build/d7yO.mp4


assuming this poll wasn't fudged most people ( including republicans ) support price controls, which is basically communism.

as somebody born in USSR i can tell you this will only lead to empty shelves, and ultimately stunting among children due to a diet of ( subsidized ) bread and water.

because we all know they won't subsidize meat or eggs, which is what children need to develop.

we are looking at a future where 90% of people are both diabetic and malnourished.

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

nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a


Sweet brachialis, bro. That is huge.


GM!


No one's looking at the sign, nostr:npub1csamkk8zu67zl9z4wkp90a462v53q775aqn5q6xzjdkxnkvcpd7srtz4x9


Friendly reminder that laws have implications, and that laws need to be enforceable to be effective.

https://dergigi.com/2021/08/02/implications-of-outlawing-bitcoin/


https://image.nostr.build/8d01e2487d856d85de39001e5b0f7c40e92bce9e2fbb2cdd5d695d2b9a751969.jpg

#meme #memestr #nostrmemes #memes #genX 820,749 🤙💜


Everything is theater. Don’t be distracted. Don’t trust, verify.


OVER A HUNDRED TRILLION US DOLLARS WORTH OF BITCOIN HAVE BEEN TRANSACTED WITHOUT SUCCESSFUL CENSORSHIP.

AMID ONE OF THE GREATEST FINANCIAL CENSORSHIP REGIMES IN HUMAN HISTORY.

JUST THINK ABOUT THAT FOR A SECOND. LET IT SINK IN. APPRECIATE IT. DEFEND IT.


GM?
https://image.nostr.build/9181c0b252e3c546ee7826148f2a389650641c87decce6cd30782814d8cb79ad.jpg


GM, lady


GMNVK


https://variety.com/2023/digital/news/alex-jones-reinstated-x-twitter-elon-musk-1235832005/

Since when does "freedom of speech" depend on a vote?

If a popular vote can determine your right to free speech it is not free speech.

If it was not already, it should be now, pretty apparent that Elon Musk is after attention, money, headlines, and popularity.

An advocate of free speech does not use a poll to determine one's right to free speech.

#grownostr #elonmusk #🤡🌎


KYC #Bitcoin behind your keys is still #Bitcoin. But its also dirty and compromised. You should consider cleaning it.


You'll be less confused & upset once you internalize the fact that nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk is Bitcoin's Tenth Man.


Time to update the meme - Warren alone is up to $90 mil...


True use case for it is criminals, drug traffickers, anti-money laundering and tax avoidance. Break it down.

https://video.nostr.build/fab89f588fc617fbb7e0ee36901491edc9c281530602e85f6fcbb905b275bda6.mp4

Turn it up!

😂


No, they are not. The only way they can connect your wallet to you is if that wallet has on-chain connections to your personally identifiable information, usually through an exchange wallet where you have gone through KYC.

If you don't let those connections happen, no one knows who controls the wallet.


Not shipping to NY, eh?


The AC Infinity inline fans make it super quiet. Didn't you set yours up with one?


Imagine knowing about a cure for one of the worst plagues mankind has ever known, a disease which currently affects most of the world’s population, but then a bunch of people online tell you that you shouldn’t talk it because they are afraid it will turn people off to their new social network. #Bitcoin is the most powerful tool for defending freedom in the modern world, perhaps ever, and it is the cure for the plague of centralized control over one of the most fundamental technologies people use to function in their day to day lives—money. Talk about it.


Don't you get that all the time? 🥲


I sold it all for BTC. This is the only real game in town.


nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde
https://image.nostr.build/9827d1391690fe38c06fba0b103df03edeed6ef4154447d073c91fda44fbe1da.jpg


Imagine a company shipping grains of rice in boxes.

One day, a charlatan fools some rice consumers into thinking that rice grains are tastier if first painstakingly ordered by their texture, shape, and color before being packed into the boxes and shipped.

As a result of this procedure, every rice consumer now pays a higher price per shipped box. At least as long as the charlatan is still able to fool people.

The major rice shipping companies are still happy because they get paid more per box. As long as people still choose to consume rice instead of something else. The charlatan is very good at scamming people and even dresses up as a wizard to show how magic his new rice-ordering procedure is.

Suddenly, a new rice shipping company enters the market, willing to call out the charlatan's bullshit and start shipping rice the old-fashioned way, without the pointless rice-grain ordering.

They point out that rice will be more popular in general if normal rice consumers aren't forced to pay a premium because of the whims of a scammer.

The charlatan and his followers call this refusal to play along with the scheme "censorship." They claim that ordering the grains is a "technological advancement."

In the end, the wizard and his rice ordering don't age very well, and people start preferring the new shipping company over the old one.

Keep fighting the good fight, nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m
nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk


Isn't it ∞/21 million?


They are cute to you when they are YOUR newborn. Looking back at photos of them, they are objectively not cute, but at the time the hormones are working hard for both the man and woman.


Zaps represent the only fundamentally new innovation in social media.

Everything else is a distraction.


If someone tells you that censorship is benign, show them this video.

https://video.nostr.build/ed2cec286ebdd2dd07a6afeff25310defb3b85a442058911cca99a5816c96e81.mp4


MATT ODELL: HUMBLECAPS


It looks like one of my peers closed a channel on me with a 11.2 sat/vB fee rate for the closing transaction. Currently mempools are purging <12.9 sat/vB. I don't see a way to bump the fee. What comes next?

#lighting #asknostr #lightningnetwork #plebchain


One place my content won't get removed. Feels nicer here on #nostr sure wish more people would come on over. We need to do better at #GrowNostr posting on other social.

Sure wish I knew what content they removed as I have no clue. 🤷🏼♂
https://i.nostr.build/XXOe.jpg


*laughs in purple*
https://i.nostr.build/BJll.jpg


The run up this time is different from last time.

Last time there was a ton of easy QE money sloshing around.

This time, money is still tight and interest rates high, but everyone is allocating to #Bitcoin.

Pay attention.


ALL CAPS ODELL IS THE BEST ODELL.


I keep hearing about this inflation thing but everything keeps getting cheaper for me. Like this year the price of everything went down 150%

It’s like my savings account is some kind of magical money wtf #asknostr


Nowhere is safe. One must create a safe place within one's own mind.


Stay the fuck out of my node, Fed.


That's what she said.


Ahh, shit. The "trading help" bots have arrived


When capital gains are relegated to the wealthy/investors, it’s easy for the public to ignore it or casually support it.

But in the coming years the overwhelming majority of people will be forced to pay for capital gains on their homes, their cars, their bitcoin, their stocks, everything will be driving higher in dollar terms. And despite all those “gains,” people will feel poorer than ever.

It’ll probably be capital gains tax that triggers the revolt when plummeting purchasing power hits normal people with additional 20% tax on stuff that only went up in price because of inflation. 🤔


Those fittings are a rubber face seal, and Teflon tape on the threads is unlikely to make a difference.

The face seal is more likely the culprit.


Then nostr:npub153xmex42x4chdf757hp3q6zxagykkek7pdgwuwd074964dkyha9s82ryu8 need some better graphic design for that label...


Paging nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak


Henry Kissinger is Dead - Here Are His Top 10 Quotes:

1. Soviet Jews: “The emigration of Jews from the Soviet Union is not an objective of American foreign policy. And if they put Jews into gas chambers in the Soviet Union, it is not an American concern. Maybe a humanitarian concern.”

2. Bombing Cambodia: “[Nixon] wants a massive bombing campaign in Cambodia. He doesn't want to hear anything about it. It's an order, to be done. Anything that flies or anything that moves.”

3. Bombing Vietnam: "It's wave after wave of planes. You see, they can't see the B-52 and they dropped a million pounds of bombs ... I bet you we will have had more planes over there in one day than Johnson had in a month ... each plane can carry about 10 times the load of World War II plane could carry."

4. Khmer Rouge: “How many people did (Khmer Rouge Foreign Minister Ieng Sary) kill? Tens of thousands? You should tell the Cambodians (i.e., Khmer Rouge) that we will be friends with them. They are murderous thugs, but we won’t let that stand in the way. We are prepared to improve relations with them. Tell them the latter part, but don’t tell them what I said before.” (Nov. 26, 1975 meeting with Thai foreign minister)

5. Dan Ellsberg: “Because that son-of-a-bitch—First of all, I would expect—I know him well—I am sure he has some more information---I would bet that he has more information that he’s saving for the trial.  Examples of American war crimes that triggered him into it…It’s the way he’d operate….Because he is a despicable bastard.” (Oval Office tape, July 27, 1971)

6. Robert McNamara: “Boohoo, boohoo … He’s still beating his breast, right? Still feeling guilty. ” (Pretending to cry, rubbing his eyes.)

7. Assassination:  “It is an act of insanity and national humiliation to have a law prohibiting the President from ordering assassination.” (Statement at a National Security Council meeting, 1975)

8. Chile: “I don't see why we need to stand by and watch a country go communist due to the irresponsibility of its people. The issues are much too important for the Chilean voters to be left to decide for themselves.”

9. Illegality-Unconstitutionality: “The illegal we do immediately. The unconstitutional takes a little longer.” (from March 10, 1975 meeting with Turkish foreign minister Melih Esenbel in Ankara, Turkey)

10. On His Own Character: “Americans like the cowboy … who rides all alone into the town, the village, with his horse and nothing else … This amazing, romantic character suits me precisely because to be alone has always been part of my style or, if you like, my technique.” (November 1972 interview with Oriana Fallaci)

Rest in hell


Hallelujah!

nostr:nevent1qqs0j5lkc0lp06ss7vtgt473lhfyvhsn6020l8d3ucytnayyu9l5elcpz3mhxue69uhkummnw3ezummcw3ezuer9wcpzpqt3frpkjq24gqd5j3vqsu0mq4j2t740h9z5syl0990jwp4ujv6eqvzqqqqqqyhky3vk


HAR


Host the miner, then. I use SimpleMining.io, they have $0.08/kWh electricity and have been awesome.


They've actually started going up in price again recently, so get em now if you're gonna get em.


In due course. It will come.


while I agree it would be good to have more content to explain nostr, it won't really matter given the current onboarding and product experience. it's way too confusing for folks, and generally not satisfying instantly. people will and do churn out.

if there's one thing to focus on (for the social media use case) it's search. both for people, but more importantly, topics. Twitter won because of search. it wasn't a social network. it was an information network, and it excelled at real-time because of real-time search. that's a base requirement now.

what nostr adds, and what will make it sticky, is the multi-app/use-case ecosystem. but each use case is going to have different needs for attracting people to it. search is table stakes for the social media one. it won't matter how good the tutorial content is until this is done right.

nostr has the benefit right now of having a completely open and wild API. that matters as every other service is closing down. it's perfectly OK that we mostly have devs and bitcoin-obsessives at the moment. we have time to get all the kinks out and make something that's truly hard to replicate. where the only way to compete will be to join.

nostr:note152dryp2q2m058t7wn7ymev9suladah30qezpq00jt03s622uyw6qu4g79w


#JoyNub


Swap any shitcoins you still hold for BTC.

This is explicitly financial advice.


Flank steak?


That link is giving me an error:

Object "assets/edu/ROL%E2%80%A6" not found


*can't*


It's this going to turn into the DOOM meme where the node ends up in microwaves and toasters?


I knew this day would probably come, but didn't expect it so soon.

I am being investigated for running an illegal money transmission business in Canada (nodeless)

Under the advice of my lawyers I need to shut down the main instance of it.

As you guys know I made Nodeless completely open source in the event that this happens, so that others who don't live under communism can run a honest, privacy focused payments business.

To my clients who are using it, I'm very sorry for the short notice but you'll need to find a new payment processing solution this weekend.

DM me on telegram and I will personally walk you through setting up a btcpayserver instance that you can self host, or even your own instance of nodeless.

I can't give much more information than this, not even supposed to say this much, but I owe it to you guys to let you know what's going on.

To install nodeless on your own server, you can get started here:
https://github.com/nodeless-io/nodeless-monolith


Nice.


If ... In order to help authorities catch criminals ... We must give up our fundamental right to privacy in all of our affairs, including financial - Then we have given up more than Criminals could ever take from us.


Which McSauce is that?


Apparently Braiins is changing to FPPS soon.


Just listened to nostr:nprofile1qqs8dzjwlrgdzltmgmmzg50l3jpr3hxv357hj03rjut5jsfm5ugtv9gpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz9rhwden5te0wfjkcctev93xcefwdaexwtcpzdmhxue69uhhqatjwpkx2urpvuhx2ue0n7gf45 's take on nostr with nostr:nprofile1qqs2auxkkgfgylem580xrztp8ek5sf83s86k0vfq2feuz6y4lkhskgcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz9rhwden5te0wfjkcctev93xcefwdaexwtcpzdmhxue69uhhqatjwpkx2urpvuhx2ue0ks2l6t . His claim is that nostr is not at all censorship resistant because there is no incentive structure that supports each user having multiple relays.

The problem with this is that I think he is comparing relays to legacy social media services, which indeed have a very hard time creating a sustainable business model, just to keep their "single server" running. If nostr requires multiple servers, that makes the business model that much harder, because costs are much higher.

The difference is that relays have the luxury of being small. In theory it's extremely easy to run a community relay profitably, because you can run it on a $5 VPS and charge everyone $1/mo for access (or just don't even bother with a business model at this scale). This is fundamentally different from having to sustain a service that costs billions to run.

In a way, I think blastr is a schelling point for people who misunderstand nostr. It tries to force the many redundant relays to function as a single server by replicating content between them. Parker Lewis makes the opposite mistake, which is that of believing relays aren't sustainable when taken as a single unit. In that sense, I agree. But they aren't a single unit from either a data storage or business model perspective. And that's why nostr is decentralized.


"I’ll tell you what to do so as not to spoil it by overdoing. Hold the steak in one hand, and show a live coal to it with the other; that done, dish it; d’ye hear?" -Stubb, Moby Dick


Who you calling fruitcake?


To our valued Wallet of Satoshi community in the United States of America,

We've dedicated ourselves to providing the best Bitcoin experience with Wallet of Satoshi, being at the forefront of Lightning usability and adoption. However, we've made the difficult decision to remove our app from the U.S. Apple and Google app stores, and will not serve U.S. customers going forward.

This decision doesn't come lightly. Our commitment to providing a secure, user-friendly, and compliant platform globally is unwavering. Our top priority is the safety and interests of our customers and our company.

We understand this may be disappointing news and we share your frustration. We're hopeful that future developments will allow us to revisit and possibly resume our operations in the U.S.

For our existing users in the USA, rest assured that you have full access to your Bitcoin funds. You can seamlessly withdraw and transfer them to another wallet.

We deeply appreciate your support and understanding. We remain committed to bringing the benefits of Bitcoin to as many as possible.

Stay tuned for updates, and thank you for being a part of our community.

Peace, Love and Bitcoin,
The Wallet of Satoshi Team 🧡


Heating my basement / home gym. Also putting heat into the room for my heat pump water heater to use.

https://video.nostr.build/8804ad0a04f036629fa7064de7119b37a6aa304040afe4f8a22fc502acc51b5a.mp4


NETGEAR Wi-Fi Range Extender EX6120

Has an Ethernet port on it, connects to your existing Wi-Fi network. Just works.


This reminds me of that one time on mushrooms...


Easy to see why regulators may prefer it this way, as they can always print more dollars, but they can never print more BTC. nostr:note19zcjq0a79d2s4z3y0ery7e4se8whf5x9crfq5w5xf0p9cc65evaskllrx2


PSA: If a Spot #Bitcoin  ETF is only redeemable in dollars (not BTC), it’s not a Spot Bitcoin ETF.


Ok, app installed, account created. Where do I see the pool free?


Yeah, I am clicking your link.

Should it not be forwarding like that?


Hmm. Still getting this error:

This site can’t be reached
Check if there is a typo in hexacomputers.com.
DNS_PROBE_FINISHED_NXDOMAIN


Fees?

I can't help but see the fact that their website appears to be broken as a bad sign.


The relevant question is WHOSE cold storage?


I know right? I've got sats to coinjoin!


Remember that time when the biggest bitcoin mining jurisdiction in the world banned bitcoin mining, and the Bitcoin network was like, “lol, hold my beer and watch this”? https://image.nostr.build/e3f2fe34f5642c78ff209572fe5de128fc9ca5e95205b092c87582662d4b6200.png


Elon fighting with major corporate advertisers.

Altman pushed out of OpenAI.

Meanwhile hundreds of open source contributors continue to build out nostr without permission.


One might even call that door nostr:npub1lceh8etfq8wdg8sa8szc64qmwuh7qvul4e3u9y4hy4wse08mhcsqgjpa0l


Kai ZENNNNN!


Am I doing something wrong or does this site require you to pay for this test?


Guhmornin'


We got muthafuckin' HORSES!


There have been a handful of times in my life, maybe four or five or so, where I was walking in a dark parking garage or similar venue alone in a city at night, and came across a sketchy-looking dude that was looking at me weird or otherwise triggered my confrontational intuition based on his vibe, clothing, and/or body language.

And each time I kept it cool on the surface, looked at him confidently, but kind of subtlety clenched my fists and was internally amping myself up with uncontrollable adrenaline like, “You want to fucking go dude?” and began running through mental routines of how to drop him based on certain approaches, or what if he has a knife and how to focus on that, etc.

To this day, I don’t know what percentage of them were intending to be a problem. Maybe none. Maybe one or two out of five. I think at least some of them probably triggered defensive instincts in me for a reason; those aren’t there for no reason. Some aspect of them seemed acutely out of place or overly intentional, etc. Studies generally suggest that attackers pick out less confident looking people. Easy targets. They use their instincts too. Part of me wonders if any of them might have tried something if I slumped my shoulders and tried to walk quicker to my car rather than look straight at them and and basically amp myself up while also acting like nothing was happening. Some vibe of me was present for their instincts too.

But perhaps more importantly, I wonder what it feels like to be totally afraid there. To have no defenses, no answer. It happens to people all the time. You’re in a parking lot or garage and there is a sketchy dude or a few drunk guys. You get on a small elevator with a guy and it is you and him and he’s 80 pounds heavier. My father put me in martial arts so that I wouldn’t face a scenario with no answers. While I might feel adrenaline or concern, I never feel powerless. I immediately start running through options. I wonder what people feel like in these situations if they have literally never had a fight in their lives. Like, I might or might not win in this scenario, but either way it’ll be absolutely vicious if it gets down to it. I can’t imagine having no answer.

Or the doorbell rings at 9pm while my husband is on travel. 95% of me like “probably a neighbor” and the other 5% of me is looking out the window and clenching my fists slightly and running through those same routines and thinking about the closest knife location in case this gets weird.

I think that is an important aspect to teach people. Everyone should have basic defense training. Not everyone is going to have extensive combat training, but everyone can have some basics to boost their chances by either improving their vibes to avoid being targeted or having some basic starting points of what to do if attacked, since some actions like yelling and having a handful of moves to get away from a grab or hit someone back or otherwise make someone realize that it’s not worth it. It’s the same as having basic cooking skills, basic repair skills, how to change a tire, etc. you just have to know a few things.


https://image.nostr.build/93595ea7ba6b33bb54ff59e1728ce2d705159b2a7fec4f5ae380eb588e7f1ddb.jpg
#art #nostr #artstr #picoftheday #style #pic #pics #beautiful #love #freedom #bliss #grownostr #artist #digitalart


Sorry for your loss. Hang in there. ❤


Onyx with clothes on. Wild.

Also, followed.


It has kinda jumped the shark, at this point.


Same.


Also, I'm pretty sure he just likes boobs.


Damn, thanks for the zap nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u !!


Muun is great, but when on-chain transaction fees get high it can get very slow because it is sort of "cheating" how it makes lightning work.

I use Muun and Wallet of Satoshi. They all have their trade-offs.


The male urge to protect. It's real, and a pregnant wife brings it out like nothing else.


How those on-chain submarine swaps treating you at 100 sats/vByte?

😂


It's the seed oils.


Steak. It's what's for dinner.

#plebchain #foodstr

https://image.nostr.build/a2b2f199a683f9a865ea686e00af388724fd7bbc74c27cdffe5ee1385cc3c535.jpg


Hashtags... Thanks, NOSTR


#Anisodactylstr

Are my hahaha getting too arcane?


"there is nothing "open minded" about praising poor engineering."

Brilliant.

nostr:nevent1qqsyaxpwfnj8s3d2xtz4sf3q3s55uw6h5hcm3f63cem28265h5yheuqpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyzpxa8uftwq6ksdy2g3x3vjfu6xs9j5pvzx77432fy7wud0lchr4jqcyqqqqqqgfy7czv


Pee Vee


This from the new William Gibson book?


Considering who this is coming from, this is powerful.

nostr:nevent1qqswygc5d25akj09ajqllp5lnyylmqtpc9mpd7rhyly94ajll64489spr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyzzdaehxwmjmkea5448qgt8hpj7cdqg4tk6nt9p0e34q2vu93feyqqcyqqqqqqgd4637w


Is this a play to get Libby to pee on you?


Do you just pee on everything that says that?


If “green energy” (including w/ storage as needed) costs more than hydrocarbons and doesn’t win in the marketplace, then maybe it is more environmentally impactful than you think, with energy-intensive and materially-intensive supply chains.

Likewise, if fake meat costs more than real meat, then maybe it too is more environmentally impactful then you think, with energy-intensive and materially-intensive supply chains.


Cold storage. The halving is coming.


WTF happened in 2008?

Learn #bitcoin 🧡 https://image.nostr.build/90fdd21e345125dca5ef3b7008985c881f88706ff96f6357ca02b36401b984d4.jpg


Very nice. About to do the same, just ordered the fan today.


Va-ree-a-gay-ted


GEE EMM, FAMM


Wen #Helpstr for crowdfunding?

#plebchain
#grownostr


Envision, if you will a room with 350 million doors. This is them trying to close those doors.


https://image.nostr.build/61291b26f2dce1e9e0605e4bddf54e9d41f6f78334e3d2fdd954dc21ab9a2828.jpg
#bitcoin #plebchain #grownostr #zapathon #memes


Glad to see the newsletter is back.


THIRTY K BY LATER TODAY!!!

#PLEBCHAIN


Gee emm

Pee vee


So your rent is going to Says. Just not your Sats... 🥲


"The Quantum Thief", and sequels by Hannu Rajaniemi


Why do you hate fiatjaf?

😂


Good for you!

Same here- I'm down 20 pounds since July. Eating clean, working out, now I weigh what I did 10 years ago, and I'm in better shape.


BOOMERSTR


The Choda Candle


Interesting. Would be cool to see am integration with iNaturalist to narrow down options before sending on to other people for more positive ID.

Definitely not ready for prime time yet!


Get on some podcasts! Be the woman you want to see.


GM

Same, from the East Coast.

You're up early!


And he still insists on using that ridiculous monkey PFP, as though the bottom hasn't fallen completely out of NFTs...


#Fist'r


No one here is going to talk you out of this.


GM


Yes.


Super!


Yes. I have one more configured for 5 mixes and showing 6. This has happened to me before.


Just don't eat those.


Most of human suffering is pre-suffering over imagined situations that never materialize. nostr:note1w54vc9f9vuwgr0jfx299a3h9gy0nuvphgk0chue53q9tjv7y0gdqc6vc06


Fountain


I'm thinking about building one on a trailer base. Transportable, and my town can't give me shit about meeting code... 😉


Have you tried Lavilin?


You can be deplatformed, but you can't be deprotocoled.


Man, that woulda been cool. Oh well.


Good morning!

https://telegra.ph/file/56eb9cc1c199a33421e79.png


Speak for yourself.


1BTC = 1BTC


Julian Assange's wife & brother are now on Nostr. #freejulian

Stella: nostr:npub1xw7h0efeg5s8gla2uyu55jh4lfrlgppcjemrwkmdc7lgvhkcz3fqpvumsa

Gabriel: nostr:npub1dcgppk89h9flnffrznvhhj2vt9a0ym23ht5gk07l9j8m6l5k95qsze06js

Give them a warm welcome as they navigate our growing protocol 💜


mandibles then bitcoin standard

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


Gm

https://image.nostr.build/6d37f6d47db1fb5728fd57d31b7876c45222c91aac44096c838116d7cac88639.jpg


Running out of popcorn


Very excited for this.

nostr:nevent1qqsx2fpf36k84jkds999rxtfjy84386y7m5q9cz5zxze4ulfvz25xngpzemhxue69uhhyetvv9ujuum5dahx2u3wvdhk6q3qaz9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgsxpqqqqqqzp022sk


No.


I think we need different types of "follow". What about something like this:

1. Friend — this person doesn't show up in my feed. But I like them, and want to keep track of them, and maybe be reminded of them on occasion (hey hodlbod, here's what your friend X has been up to this summer). I trust them, and want to factor their opinions in to content recommendations generated for me.
2. Follow — I want to know what this person says if it has engagement, is popular, or matches some other filter, like topics I've expressed interest in. The Hacker News bot might fit in this category.
3. Super Follow — I want to see everything this person says. These are the people on my "pure signal" list currently.
4. Subscribe — these are people you don't care about, and whose opinions you don't care about per se, but are people who get paid (either by you or by advertisers) to recommend content or products. Could be bots or influencers. You'd never see their content, but you would see things recommended by them.

Items #2 and #3 are variants of the same thing, and could be conflated by assigning a decimal value to your follow (suggested by nostr:nprofile1qqsfcts2suzpxaeuhy2mnjwd9cwt69l98t3tp2r2hf09hu8uz0zzp5spzfmhxue69uhhqatjwpkx2urpvuhx2ucpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3vamnwvaz7tmjv4kxz7fwdehhxarj9e3xzmnyuurtjm  earlier, but I used to have something like this in Coracle).

The first category is entirely different though, because the value of the relationship is not based on what they say, but who they are. I honestly don't want to see anything my mom posts to social media unless she tags me in it (in which case she'll email me). But she's one of the most important people in my life.

Likewise the final category. This is an entirely transactional-type relationship, and is exploited to provide additional social signal to otherwise neutral content.

So, any other categories? This is really quite similar to nostr:nprofile1qqsyvrp9u6p0mfur9dfdru3d853tx9mdjuhkphxuxgfwmryja7zsvhqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyt8wumn8ghj7anfw3hhytnwdaehgu339e3k7mgpzpmhxue69uhkummnw3ezuamfdejsxp7af9 's "relationship status" nip, but with more ability to quantify what clients can do based on the relationship. It could also be implemented (of course) using NIP 32.


You are a mustachioed robot. Something is very wrong.


STATEMENT REGARDING MY TWITTER/X ACCOUNT

Today, my Twitter/X account was permanently banned and my appeal to have it overturned was denied.

There was no warning issued, no 2 week suspension, no option to delete the offending tweet. Just straight permanent deplatform.

My offending tweet?

"Bring back the guillotine."

I quote tweeted this sentence to the video presented here on 3rd September.

https://twitter.com/i/status/1698249077061009496

Someone reported the tweet and my account was irretrievably shut down on the basis of violating rules against violent speech.

The vaccines (and vaccine mandates) caused so much harm to people all over the world. Many lost their livelihoods, incomes, businesses, marriages, families, confidence and will to live. Some lost their good health and worse, some lost their lives. The coercion to get vaccinated was immense, and to be told "it was a choice" is a kick to the teeth. Today, many regret having taken the vaccine.

My crime? I dared open up the conversation on how best to hold decision makers accountable for their decisions.

Meanwhile, other Twitter handles are able to post these and keep their accounts. The inconsistencies and arbitrary nature of these suspensions is ashtonishing.

https://image.nostr.build/a1b456c03a938e3bbe2f89e6eccad0424088aae132844053fd519e80a853ba0c.jpg

https://image.nostr.build/a8ef0f9b25fb2d18cd870fdeb5dfa4de5d6b023004680d4e44ff52c5c2d1978b.jpg

Having said that, I fully accept the consequences of my actions.

On a brighter, more productive note, I'm proud to have educated thousands on my YouTube channel (Ministry of Nodes) on how to hold their own keys and run their own Bitcoin node such that these arbitrary decisions can't be made with people's money. I'm convinced it will get worse, and that we need Bitcoin more than ever.

As part of my educational content, I also sell plug & play Bitcoin Nodeboxes to those who want to quickly get up and running without the steep learning curve that goes behind it. Have a watch of how easy it can be.

https://www.youtube.com/watch?v=0RdftQywN6A

I'm offering 10% off to those who purchase a Nodebox with the discount code GUILLOTINE for a limited time.

shop.ministryofnodes.com for details.

https://image.nostr.build/4efeffd13a3c954f242196c10c6d810386f22398ac0485fe19dfe8a1d6e7611f.jpg

Thanks for reading, nostriches.


Same.

Feelsgoodman.jpg


I pay $7 a loaf already...


Our phones spy on us
Our cars spy on us
Our software spies on us
Our stores spy on us
Our social media spies on us
Our credit cards spy on us
Our banks spy on us
Our internet providers spy on us
3 letter agencies spy on us

We could do with less spying.


🚨 WARNING 🚨

This link is illegal in the UK.

https://hodl.camp/bitcoin.pdf


I love this interview so much. Recorded in 1999.

https://nostr.build/av/nostr.build_0f8b44bf63dee7fdbc79ffc9fc55552bc79104429565985db1b78ba5e1a90f01.mp4


#Greystr


Have you tried "BIT N FUMF"?

I hear it's the shit.


This guy gets it…
#911 #sep11 #nostr #grownostr #neverforget https://image.nostr.build/e05325d7ce5c5bad38ab856fcb55a8d0d1535a0db5bf4a59b6239dd2dd39e09a.jpg https://image.nostr.build/e0ae7b86024a7d81373ce90887262598d52d3a08dd2a331c2d5f45fd7afaaaaa.jpg https://image.nostr.build/3764b363431eb4a7c4561c99a73cd624f4783d257ce801962ff93574f2b92a4e.jpg https://image.nostr.build/a49466dfc99b6f9aedd7a492735c575490eb8442c68cdf318e9961523e7afe54.jpg https://image.nostr.build/21866d8b21d09c2f1f4f02fcc04413de7d0c084c9500775c9c932deb183e1096.jpg


nostr:npub1sn0wdenkukak0d9dfczzeacvhkrgz92ak56egt7vdgzn8pv2wfqqhrjdv9, will you speak at nostr:npub1nstrcu63lzpjkz94djajuz2evrgu2psd66cwgc0gz0c0qazezx0q9urg5l?

We’d love to have you virtually.


That nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s, is like he's a totally different person sometimes!


GM!


GM


Raspberry


The fact that Bitcoin isn't yet accepted everywheree and for everything really underlines for me how few people have actually used Lightning. Whenever I show somebody how it works, there's always that "wow" moment. But why was it a surprise?

The problem is that normal people still understand BTC from the one half-remembered opinion piece they read in 2017, and are operating under the belief that transactions still take an hour to settle, rather than being instantaneous and irreversible — money transmission without the Paypal Problem. The public mind needs a cache refresh.


"The future is already here - it's just not evenly distributed" - William Gibson


From my well.


Sim➡plex


Recommendations? YouTube links?


Coinjoin to cold storage in 1mil utxos


4 stages of learning #Bitcoin:

1. UNCONSCIOUS INCOMPETENCE.
At this stage, individuals might dismiss Bitcoin without a deep understanding, much like someone unaware of the complexities behind a technological innovation they encounter for the first time. They don't yet realize the depth or significance of Bitcoin's value proposition.

2. CONSCIOUS INCOMPETENCE.
Here, individuals realize there's more to Bitcoin than meets the eye, but they feel overwhelmed or confused by its technicalities and implications. They recognize their gaps in understanding but may not know how to bridge them.

3. CONSCIOUS COMPETENCE.
Individuals at this stage have spent time delving into Bitcoin's intricacies. They understand its principles, the significance of decentralization, and its potential to revolutionize finance. However, this understanding still requires active effort and continuous learning.

4. UNCONSCIOUS COMPETENCE.
At the pinnacle, these Bitcoiners intuitively grasp the nuances and potential of Bitcoin. Their understanding is so deeply ingrained that they can explain, advocate for, and operate within the Bitcoin universe effortlessly, seeing its inevitability.

Where would you place yourself? #askNostr https://image.nostr.build/d4461302cf73840d872834a42d97e6627b56029956f14c701371b69f9134ec77.jpg


“We should change Bitcoin now in a contentious way to fix the security budget” is basically the same tinkering mentality that central bankers have.

It begins with an overconfident assumption that they know fees won’t be sufficient in the future and that a certain “fix” is going to generate more fees. But some “fixes” could even backfire and create less fees, or introduce bugs, or damage the incentive structure.

The Bitcoin fee market a couple decades out will primarily be a function of adoption or lack thereof. In a world of eight billion people, only a couple hundred million can do an on chain transaction per year, or a bit more with maximal batching. The number of people who could do a monthly transaction is 1/12th of that number. In order to be concerned that bitcoin fees will be too low to prevent censorship in the future, we have to start with the assumption that not many people use bitcoin decades out.

Fedwire has about 100x the gross volume that Bitcoin currently does, with a similar number of transactions. What will Bitcoin’s fee market be if volumes go up 5x or 10x, let alone 50x or 100x? Who wants to raise their hand with a confident model of what bitcoin volumes will be in 2040?

What will someone pay to send a ten million dollar equivalent on chain settlement internationally? $100 in fees per million dollar settlement transaction would be .01%. $300 to get it in a quicker block would be 0.03%. That type of environment can generate tens of billions of dollars of fees annually. The fees that people pay to ship millions of dollars of gold long distances, or to perform a real estate transaction worth millions of dollars, are extremely high. Even if bitcoin is a fraction of that, it would be high by today’s standards. And in a world of billions of people, if nobody wants to pay $100 to send a million dollar settlement bearer asset transaction, then that’s a world where not many people use bitcoin period.

In some months the “security budget” concern trends. In other months, the “fees will be so high that only rich people can transact on chain” concern trends. These are so wildly contradictory and the fact that both are common concerns shows how little we know about the long term future.

I don’t think the fee market can be fixed by gimmicks. Either the network is desirable to use in a couple decades or it’s not. If 3 or 4 decades into bitcoin’s life it can’t generate significant settlement volumes, and gets easily censored due to low fees, then it’s just not a very desirable network at that point for one reason or another.

Some soft forks like covenants can be thoughtfully considered for scaling and fee density, and it’s good for smart developers to always be thinking about low risk improvements to the network that the node network and miners might have a high consensus positive view toward over time. But trying to rush VC-backed softforks, and using security budget FUD to push them, is pretty disingenuous imo.

Anyway, good morning.


NGL, I kinda want one of these tshirts. They're pretty amazing.

However, I won't give them any money, so looks like that's not in the cards.

¯\_(⊙_ʖ⊙)_/¯


The real algorithm was the friends we made along the way.


Wow

https://www.billboard.com/music/chart-beat/oliver-anthony-music-rich-men-north-of-richmond-number-one-debut-hot-100-1235396681/


I see you're trying out the new Cronenberg restaurant.  Be sure to let us all know how the...protein is.


For reference, here are my main thoughts on the current Bitcoin softfork ideas/dramas to those who care.

For context with regards to wherever it might matter, I have a 12-year background as an engineer initially and eventually an engineering manager, including overseeing electrical/mechanical/software for an aviation simulation facility, but although I have written code here and there in my early days, I am certainly *NOT* a software engineer. My career work is on electrical engineering and multi-discipline engineering management, and my master's degree is in engineering management, with an emphasis on systems engineering and engineering economics. Any viewpoint I have is from an engineering/systems management perspective or an economics perspective, not a programmer perspective.

I follow multiple software Bitcoin experts on various topics, many of which disagree with each other, similarly to how I followed my various lead engineers when I was working in engineering management.

The U.S. Constitution is well-written but of course not perfect. It's a good document, especially after the amendments it has had. The most recent amendment was over 30 years ago, and it is minor enough that most people don't know what it is. The second most recent one was over 50 years ago, and that one is also pretty minor, imo, and most people don't know that one either. The Constitution, the Bill of Rights, and a then a handful of key amendments after that to fix key issues with race and gender voting and so forth, have been the foundational aspects of this whole Constitutional project.

In order to change the U.S. Constitution, you need both a supermajority in Congress and a supermajority among States. Good luck getting that. And that near-immutability is exactly why the Constitution is valuable. Even if it was better written and included all sorts of things I liked, if it were easier to change, I would consider it to be a *worse* foundation than it is now. The near-immutability is the critical part. A nearly-immutable good document, is a great document, if it serves as the foundation of something important.

When it comes to Bitcoin, the aspect that I view as being the most valuable is its near-immutability. We have a global open-source ledger foundation that gives us savings and payment/settlement technology. It makes hard trade-offs in order to remain reasonably decentralized. And yet, Bitcoin can settle more transactions per year than Fedwire does, which is the U.S. base settlement layer, which handles (not a typo) 1 quadrillion dollars worth of gross settlement volumes per year. Bitcoin does that function but is global, open-source, and has its own scarce units. Various layers can expand that scalability, (Lightning, sidechains, fedimints, custodial environments, etc). Certain softforks to the base layer may also add some new scalability options (covenants, drivechains, zero-knowledge proofs, etc). But those softforks present risks to the whole project, unless they have a supermajority of support and are considered to be of low technical+incentive risk.

When I was an engineering manager for my aviation facility, if I were to approve a major new change and help fund it, it would be because the supermajority of my senior technical leads supported it, and because they could convince me of it. Objective truth tends to be easy to share between rational people that listen to each other. In contrast, subjective things that are more contested of course tend to be harder. If I liked a new change but it didn't have a supermajority, I respected these divergent opinions and wanted to know why they saw it differently. Unless it was in an area where I was *specifically* the facility expert in (in my case, the electrical/control aspects within our organization's aviation simulators), I would never go with a minority opinion among my technical leads and override the majority of my technical leads.

One of the most common problems I encountered in my career was over-engineering. Not a single person knows every detail about how an aviation simulator works (which was my field of work). There are software experts, graphical design experts, mechanical experts, electronics experts, pilot experts, and then business experts that have to figure out what is valuable to clients and how to get the required stuff and how to make the whole thing economical and thus well-incentivized. Systems engineering, practically by definition, is the science of managing a project that is more complex than any one human mind can possibly understand. Any major project engineer/manager has to deal with this dilemma.

As it pertains to over-engineering, many people often have pet projects that they care about, or want to make really cool complex things, that are not economical or not robust. Endless changes can create endless complexity, which are hard to maintain, are less reliable, and so forth. The most beautiful engineering designs are often the most simple at the foundation. Complexity can exist in layers or silos built on or around that foundation, which reduces contagion risk to the simple-but-robust foundation.

In short, if you you can't convince a supermajority, then maybe your idea isn't right or needs more work. Maybe the problem is on your end. Especially if the supermajority that you need to convince are intelligent relevant people (in Bitcoin's case: software developers, node-runners, miners, capital allocators, etc).

And of course, foundations like the U.S. Constitution or the Bitcoin base layer are far more important than the engineering frameworks of some random aviation simulation facility, so the standards are higher.

So, how do I assess proposed softforks as someone who hasn't written code in a decade but tries to follow the designs and economics of various proposals where possible? I look towards technical leads, and look for a supermajority of serious stakeholders, and need the proposal to clearly make sense to me technically and economically.

I view Bitcoin as being valuable due to its near-immutability. That is the source of its monetary premium. And so as follows, from a project management perspective regarding what is among the most serious of all possible projects:

-The first rule of Bitcoin is you do not break Bitcoin.

-The second rule of Bitcoin is you do not break Bitcoin.

-The third rule of Bitcoin is you do not break Bitcoin.

-The fourth rule of Bitcoin is that, around the margins, you try to find conservative ways to improve Bitcoin that are clear enough to get a supermajority.

Therefore, my view on softforks is that I defer to the supermajority of experts I trust, while also needing it to make sense to me personally. I'm agnostic towards many softforks, since I don't have the detailed software expertise to be relevant between similar proposals. As proposed softworks gain momentum, I check to see if they make sense to me, and then look for a supermajority.

Bitcoin is valuable due to its near-immutability. If it can be changed by minority factions, then the relevance of the project over the long arc of time is limited. To the extent that it's going to be any sort of important base layer, that near-immutability, much like the U.S. Constitution, is critical. To that extent, any proposed change to Bitcoin is not just a software thing; it's an economics thing as well.

Therefore, if proponents of a given softfork try to find a way to push itself on the network without a supermajority of technical experts and economic actors, then whether or not I like it, I will oppose it. That's a way to turn me from neutral to opposed. Because that near-immutability is what I would fight for. I only support highly agreed-upon changes. Whatever small piece that my node, my voice, and my money can do, I err towards the near-immutability.


corrupt french politicians have just legalized spying on protestors - very common anti-protest tactic now - compromise phones: track location, activate mics and cameras, read messages

if you are protesting - anywhere in the world - leave your phone at home - if you need comms consider radios or buy a burner with cash

for secure messaging I recommend signal or simplex - disappearing messages enabled just in case someone gets arrested

https://video.twimg.com/ext_tw_video/1521872340853956608/pu/vid/1240x720/osoN1T_Fa8DJJDWQ.mp4


“Freedom dies by people just taking a little bit more and a little bit more…we just end up in a situation people are like ‘How the fuck did we end up here?’ And at some point down the line you have to practice civil disobedience and say: ‘No, I will not fucking comply.’”

https://video.twimg.com/ext_tw_video/1681001564817829889/pu/vid/1280x720/hHfEn5U79ib2JP-g.mp4?tag=12

https://www.whatbitcoindid.com/podcast/bitcoin-nostr-freedom-tech


I've been running an ApolloBTC (also raspi), for about a year and a half and it has been getting seriously unreliable recently. I'm also thinking of going to something running on a real computer. My Home Assistant is running on an Intel NUC, and it is super solid. Start9 on one of those is seeming pretty sweet about now.


What hardware are you running now?


THANK YOU FOR THE ZAP, SIR. I SEE WE ARE ALL-CAPS AGAIN, SIR. THIS IS BULLISH, SIR.
🫡


Is he open to the Bitcoin thesis? I've always thought he and Justin Rhodes should be, but it is a stretch for a lot of people...


Are you wearing...cheesecloth?


Just #GCODE things


first elon started selling engagement to people willing to pay him $8 per month and do kyc, my feed is filled with blue checks

now I discover android users have not been able to participate in twitter spaces for the last week

twitter has become a complete shitcoin, nostr fixes this


2002 Toyota Tacoma here, with 350k+ miles. This thing ain't never gonna die. It's my zombie slave.


Unfortunately Shriver still doesn't understand Bitcoin yet, despite the best efforts of #[2] and the fact that she's written the most Bitcoin book possible. I still have hope tho.


Seriously tho, where did they all go? There's no way they ran out of shit to stuff into witness data.


Oh, snap. Last block was 375 BYTES...

What, did Udi & Eric get abducted by aliens or something?


I read this as "hypermoisturization"...