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Notes by Jameson Lopp | export

 If generated nude images of young people who don't exist should be illegal, how would you objectively classify it as child porn? Since the subjects in the image don't have birthdays... 
 Welcome to nostr! 
 And nobody can stop my nostr account for asking uncomfortable questions. 
 The concerning aspect about the responses to my recent edgy polls is that apparently a lot of you think that the State should be responsible for enforcing morality. 
 Not sure which clients support it - I use Amethyst. 
 Oh to be clear, the polls are zap polls. You vote with sats rather than clicks. Sybil resistance! 
 Slavery violates the NAP so IDK how an ancap would argue human trafficking is acceptable. 
 BSV scammers have changed tone to "why is everyone so mean to us, can't we all get along?"

Another sign the end is nigh. 
 Should it be illegal to generate deepfake child porn? 
 If it's not a real child, who is being harmed? 
 Swifties got super upset about the deepfake porn published this week and they franctically issued takedown requests wherever it popped up.

This was a tactical error. The gigabrain response would be to generate so much deepfake Taylor Swift porn that even if her real nudes got leaked, nobody would believe it. 
 Abnormal number of requests for testnet bitcoin lately so I started questioning if folks are developers.

One person said they needed it for an airdrop.

WTF? 
 Feeling cute, might drop in unannounced on some Bitcoin meetups. 
 Yes, everyone should attend their local meetups on the off-chance I could show up. 
 Nothing compares to these purple pilled nostriches.
https://www.youtube.com/watch?v=oMhd_SZtLLE 
 After tracking my sleep for a year, I find it fascinating that I can drink coffee or an energy drink an hour or two before sleeping and it has a negligible effect upon my heart rate or sleeping patterns.

But if I have a single unit of alcohol, my heart rate remains elevated for most of the night and I tend not to make it all the way to the morning without waking up at some point. 
 Oura 
 Problem with nostr is everyone is based, no one to pick a fight with or remind they supported bio... 
 FIGHT ME!
REEEEEEEEEE 
 Based Bongbong: President Bongbong Marcos of the Philippines has been criticized for using the presidential helicopter to attend a Coldplay concert. Marcos says he has "studied music for many years" and that Coldplay was "unmissable." 
 Perhaps if enough government officials get swatted, law enforcement will finally put some protections in place to prevent swatting.
https://therecord.media/cisa-jen-easterly-swatting-incident 
 I put suggestions in my closing remarks of this essay years ago. There are several red flags that can be used to stop swatters.
https://blog.lopp.net/reflections-upon-a-swatting/ 
 Join me on Keet for @bitcoin 🔥 chat:
pear://keet/yrbz1okxar4bj7i1pas6e5e1n6bijiws9wnntadi37uy8ch5tq11jk58rjtumpbjywfkgfo8ajidx9fr8dtb6z55g5jrzgt6q4uorrj1cyj6zmuf 
 Wish I could train my AI LoppBot to monitor all the posts from Bitcoin haters and serve up the most retarded ones for me to dunk on. It's quite tedious to scroll through the cringey bullshit manually. 
 It is so hot right now. 
 Turn your miners off. 
 Apparently one of the arguments Keynesians make for why Bitcoin's fair value is close to zero goes like this:

MV=PQ

M is the total money supply
V is the velocity of money, that is the average frequency with which a unit of money is spent.
P is the price level of the money unit
Q is an index of purchases

The value of the Bitcoin economy = (PQ)/(V*21000000)

Since almost nobody transacts in BTC for goods and services, Q=~0 and thus Bitcoin's economic value is basically zero.

While it's true that almost no one transacts in BTC on a regular basis, the logic is flawed.

MV=PQ is the equation of exchange. It's a way of measuring the amount of money that an economy needs based upon the demand for transacting. It's Keynesian demand-side monetary theory as opposed to Austrian supply-side theory.

Here's the unstated assumption for why the equation is wrong. More accurately, I'd say the equation is INCOMPLETE. The whole thing is built upon the assumption that the ONLY factor for demand of money is to SPEND it. We all know that's absurd. As such, this equation can AT MOST only quantify demand for SPENDING value, not storing value.

The Keynesians can't comprehend the value of Fuck You savings. 
 Absolutely - it's demand-side monetary theory.

Another issue with the equation is that velocity does not have a standardized unit of time. 
 Andreas Antonopoulos deserves a lot more recognition than he gets in the #bitcoin community IMO.
... 
 Andreas dropped off social media because he didn't want to deal with the puritanical bullshit.

Thankfully I find the puritanical bullshit entertaining. 
 From time to time I manage to piss off some script kiddie wanna-be hacker and they decide to "teach me a lesson" by DDoSing my personal web site.

I watch them in amusement and take no action.

It's always interesting to see how long it takes them to realize that they made a mistake in assuming that I care about my educational resources that I offer for free being temporarily unavailable. 
 Adventures in urban living:

When you live in a building with 1,000+ residents, it really sucks that any single one of them can trip the fire alarm and shut down the elevators.

Because out of a group that large, there are bound to be some jackasses and idiots.

TIL you can descend 10 floors of stairs per minute if there aren't any slowpokes blocking your path. 
 Trying something very different and living in a high rise condo for a few months.

Urban life pros:

* Convenient access to restaurants & entertainment
* Businesses are open longer / later
* Public transportation

Urban life cons:

* Public transportation
* Expensive AF
* Noisy AF
* Beggars

City dwellers, what should I do to maximize my enjoyment of this experience? 
 Happy Hearnia!

8 years ago today, long-time Bitcoin developer declared Bitcoin a failed experiment and sold his coins for $430.

He went on to work for R3 to build a permissioned blockchain solution called Corda that you've never heard of. 
 Hyperledger is IBM 
Corda is R3. 
 HOW DO YOU EXPECT TO RESIST THE MAN IF YOU AREN'T SUBJECTING YOURSELF TO REGULAR RESISTANCE TRAINING, ANON? 
 When you're on vacation and the machines at the hotel gym only go up to 200 pounds.

OOOH YEAHHH FEEL THE BU... GETTING WEAKER 
 THE FREE WEIGHTS ONLY GO UP TO 50 POUNDS  
 Ballpark estimates of when #Bitcoin full nodes with 1TB disks needs to upgrade? 
 Probably at least 5 years away. 
 Very curious that the shitcoin inscription spam subsided just in time for the ETFs to launch. Alm... 
 They were just busy cooking up the next wave: OP_🐱 
 It’s wild to me how many people say trading #bitcoin is shitcoining.

A transaction needs a buy... 
 It takes some special gymnastics to avoid recognizing that spending bitcoin is also trading bitcoin. 
 OK, that's enough TardFi for today.

Back to building Fuck You Money. 
 Scenario: a node runner decides not to upgrade to the latest version of Bitcoin Core, due to a co... 
 If you're only one or two versions behind the most recent release then security patches will get back ported as a minor version release. 
 Trader chatter indicates expectations that the first day of ETF trading is going to be wild and likely volatile in both directions. Unclear what's going to happen with GBTC... potentially a significant unwind as some folks flee for lower fees. 
 For maximum amusement I'm thinking of hanging out on /r/buttcoin tomorrow. 
 I do not respect the SEC.

But that Hester Pierce gal is alright. 
 Recently learned that you can play Portal and Portal 2 on Switch.

Somehow I keep being more and more impressed by Switch's expansive library! 
 No government agency in the world has sufficient resources to content with the power of a hundred thousand perpetually online nerds. 
 RIP OP_RETURN_BOT (on X)
LONG LIVE OP_RETURN_BOT (on nostr)
nostr:nevent1qqsvejx8k8m42my7p3akpx6yxx633zvxypp5hrlg6fnc8ce7x8j25ucpz4mhxue69uhhqatjwpkx2un9d3shjtnrdaksygxvtuje7qmxsducujjjquwmh9ersup0ldhsepd0d5nnerwmuhq2lvpsgqqqqqqsl2pqft 
 One thing I fucked up when deciding to become a limited partner in several Bitcoin VC funds was not realizing how much I'd hate being contractually obligated to sell BTC in order to fulfill capital calls throughout the bear market. 
 I personally view it as rolling my gains back into the ecosystem in the hopes it will increase the value of my BTC. Not trying to outperform BTC with my LP funds. 
 If bitcoin breaks $100,000 I might splurge and replace my 5 year old laptop. 
 If possible, though I tend to buy open platforms like purism and system76 and last I checked they don't accept it. 
 A few months ago my laptop started having a memory leak or something and has to be restarted every few days or it slows to a crawl due to running out of RAM & swap. 
 I think it's time to do a few Twitter Spaces on the subject of Nostr. It's been nearly a year sin... 
 I'm down 
 Being on keto makes choosing from restaurant menus much simpler... 
 Watching "To Catch a Smuggler" is incredibly frustrating.

These border agents are stealing people's money and destroying their property because it MIGHT have drugs inside. 
 Who would be the best resources to bring on 
@BitcoinAudible to discuss the process of coming sof... 
 What process? 🙃 
 nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp love this!

Does anyone kno... 
 I feel like Edge wallet had a merchant directory. Not sure if they still do.