mittens?


yes.
there is the Setec Astronomy aspect of quantum computing and potential exploitation of normal network security. a scary scenario for sure... in which case we all might be screwed.... at least in the short term.

one would think though, following that "fictional" movie pattern, that an entity controlling that capability would try to keep existence and use quite secret until at least several years of exploitation by themselves (state actors?), no?

question: even if "they" had the discipline to resist "detectable" market interference would they also be able to resist meddling with our bitcoin?

let's say it's decide to mess with the Bitcoin network...

question: what dev energy would be required to make Bitcoin network hard enough to resist Setec Astronomy?

at least for mining, after ~2,000 blocks (two-ish weeks at regular rate) the difficulty level would adjust, theoretically making the target number so small that *only* a quantum computer would be able to mine.... so maybe that would work itself out?

question: separately, what could be done to protect private keys from discovery (that's if I am understanding the implications of quantum being able to reliably work a hash backwards)?


Wondering...
Implications for cracking private keys?
Implications for finding next block?


the basic algos of people matching are (I assume) much less sophisticated than the next word/character prediction functions of llm.

would correlation of your divorce rate increase to increase in meeting through those online people-matching algos support argument the code behind the online dating apps is a failure.

if so, wondering why we would expect the code behind the ai/llm, a much more complex endeavor, would do any better.


nice article, nostr:npub1mznweuxrjm423au6gjtlaxmhmjthvv69ru72t335ugyxtygkv3as8q6mak

https://www.therage.co/untitled/


iykyk

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


we're being inundated
yay
sigh


set up your lightning address, sir


wow


this one resonates

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


gracias, Negr0


yeah probably not that though


many do not yet grok your last sentence there Calle. "And you can lie on blockchains, too."

this fundamental truth is a foreign concept to shitcoiners who deceptively assign magical properties to the blockchains generally to fool people and organizations.

sometimes this is done to shill for VC money. sometimes it's done to promote shitcoinery for some other self-serving motive.

bottom line, the dishonesty of shitcoin shamans is universally harmful.


concur, Lyn
it's one reason to be here among many others... and a good one, too


still a planet


when you say "used as a sponge to suck up the huge waves of upcoming gov debt," do you mean ngu infinite?

if that's it I get it. if that's not it, could I bother you for an explanation please?


I like to imagine that kind of derision of people who have an obvious passion for bitcoin will diminish as ngu. even then though, they still won't get that it's not about ngu (though ngu doesn't make me sad, ngl).

it's almost like crabs in a bucket... and you're the crab just talking about escape. they can't see it and don't want to acknowledge it's even possible because doing so would bring their whole worldview into question.


beautiful place


I can't speak to the Aussie restrictions but pushing money from your US bank account to exchanges in the US is still possible for sure.


from a Venezuelan friend with better insights than me. would like your thoughts on this, hermano.

"This will take some time, but negotiations are ongoing. Maduro was ready to leave and Padrino López, Jorge/Delcy Rodríguez and Diosdado Cabello had to bring him back to Miraflores by force"

"Maduro is not in charge, Padrino López controls the Military and the Cartel de Los Soles drug business. Jorge and Delcy Rodríguez are the real power in Venezuela, they control everything, even the Supreme Court. Diosdado Cabello has lost almost all of his power, he still controls some of the colectivos and the violence currently being directed to the masses."

@Venezuela


this is a big deal

https://bitcoinmagazine.com/business/russia-legalizes-bitcoin-and-crypto-for-international-trade-to-bypass-sanctions


Petare joined the riots, apparently


Malos please call out the neighborhoods you are showing. knowing where things are happening is meaningful.


gas or charcoal?


is this a cultural soft-fork of sorts?


reporting first successful #silentpayment from Blue wallet to Cake wallet.

comfy
nostr:npub1j9qyxka5lck4tw50v7qfrs6gdwczz5ydt7ugqy6nhuva9p6dpy5q8rs2yg #bluewallet


I'm not a lawyer (not legal advice) but I can guess the BSA has already been challenged on constitutional grounds resulting in a loss for the plaintiffs. again, not a lawyer and can't say for sure.


yeah... just scanned the article.
thanks for writing it, L0la.
not surprising to me.

banking customers have to understand that their banker is obligated to surveill customer financial behavior and report anomalous and/or potentially criminal activities. use of ALL internally-available data to accomplish this set of tasks should be expected (to do less would leave the bank open to accusations of negligence).

however, if your bank is monitoring your social media in any way, they've stopped being just a bank. at that point they've essentially become an intelligence agency that offers some banking services on the side.

I recommend any/every retail and institutional consumer establish no less than three banking relationships at the national, regional, and credit union level. without this redundancy you're essentially trapped if you want to shut down an account based on poor treatment (or if the bank suddenly wants to shut you down).

it may take some effort to establish what I'll call resiliency in your operating accounts. but the effort will be worth it should your bank execute a quick pivot on you, your industry, or your latest social media post. (this resiliency will also serve you well if you bank fails because they foolishly concentrated holdings in Treasuries or Commercial RE loans.)

oh... and buy and self-custody bitcoin, too.


There are several companies in the industry pushing a "federated learning" model for transaction monitoring models. I had not heard of incorporating social media data points beyond graphing intra-bank connections.

I'll check out your article.

cc: nostr:npub1pn9xyqt934wesguuz5g77sp9vtlh6ujyd7eqr2x3s47rncmfe8aqxt2xn0


oooo-sa, friend.


to the walled gardens and nostr-fork wannabes:

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


this is interesting

https://custodiabank.com/press/the-banks-are-coming-to-bitcoin/


this


warm and fuzzies

https://craigwright.net/


interesting question

the charges against Samourai appear to rest mostly on a conspiracy to assist in laundering proceeds of crime. as this is already addressed in the laws, not strictly regulation or an interpretation of laws, I suspect the new Chevron decision will not play a role.

now, as for the promulgation of new regulations, like the FinCRN's NPRM related to mixers, etc., that was going around in late 23 for comment... that's the sort of thing that might get rekt (legal term) if it was actually released/published/made official.

NB: as of now it is still in PROPOSED status afaik. (I'm not a lawyer nor am I offering legal advice.)

https://www.fincen.gov/news/news-releases/fincen-proposes-new-regulation-enhance-transparency-convertible-virtual-currency


that is the best use of the meme to date. pays to watch to the end.

kudos.


overt
covert
clandestine

most don't know the difference between the three. proper understanding and application is relevant to security posture v-a-v xpub, address, and utxo management. it's also relevant to risk management for a highly regulated financial institution handling digital assets for themselves or on behalf of clients.


Hey everyone,

Assange is finally free, what a great day !

On my end, I just launched the project on geyser: https://geyser.fund/project/satonomics/

If you can please send some sats, otherwise a repost would really be appreciated !


Thanks for pointing out this resource, David.


thanks for sharing
had not seen
will review and action
cheers


oh I'm happy to discuss... just not on social media or in any other public setting.

if this were an anonymous account... but it isn't though.

cheers, friend. I am reachable if you look for me.


I'll leave that discussion to the courts and café lawyers. I have my own opinions but they aren't relevant to the practical application of an AML program within an institution nor are they appropriate for interpretation of regulatory expectations.


yes
agree


yeah... ummm
nah


question for you nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

if you had a choice between banks participating directly in bitcoin and no banks (just organic growth) which option would you prefer and why?


after reading my profile some wonder why I'm even here.

they say, what the hell? how's a bank compliance guy here? why? what does he want in our space?

I'm the signal you've been waiting for.


wen NOSTR LEO satellite network for uncensorable global connectivity?


as painful as it would be to watch it happen... would love to see a 20% dip right about now... wash out the leveraged longs and give me one last chance to execute (allegedly) a major stacking event.


This is, as the saying goes, a big f-ing deal with far reaching implications for bitcoin and financial institutions.

https://www.zerohedge.com/political/scotus-overturns-chevron-deference-massive-blow-administrative-state


I understand what you're saying though.
Many in banking are still either ignorant or fearful of bitcoin. It's just a fact.

I'm doing what I can do from the inside.


nope
wasn't me


I went through your list about a month ago and followed a few of your follows... so mi casa su casa in a way.


Allow me to be your sample size of one, nostr:npub1m4ny6hjqzepn4rxknuq94c2gpqzr29ufkkw7ttcxyak7v43n6vvsajc2jl.

I think like this.
I am a parent.

But taking your point as a potential indicator of a significant archetype hodler, and thinking optimistically, maybe future bequests to non-family beneficiaries will be championed by childless hodlers.

Can you imagine prominent buildings in future civilizations like "Laeserin Free Library" or "Laeserin Center for Nutritional Research" for instance?


This!


Any time I see a zap between10 and 20 sats I think, "Well, there's a nice fat future Delmonico, medium-rare with a slight toasting of the fatty bits, sprinkled with sea salt, resting on a cutting board... juices still flowing... for my great grandson/daughter in like 50 years."

Because that's where we are, imho.

The ability to visualize likely results of extreme low time preference and hard money pushes one towards mental and emotional castle-building to the benefit of future generations. (Pardon me just a moment while I commission a portrait of self to be displayed in the gallery of my family's future palatial estate.)


This gets me thinking about creation of "easy" financial products that emulate the familiar, targeted toward people who can't be bothered to learn about bitcoin.

Yes. I know. There are examples now in companies like Fold and self-custody or multi-sig IRA... these are primarily opt-in vehicles for those who have studied a bit.

I'm just wondering out loud whether there's something to be done *within financial institutions* to "supercharge" legacy financial products by adding a dash of bitcoin to the mix.

What about paying interest on accounts in bitcoin? A typical retail/consumer savings account might earn 2% or less and a typical interest-checking account might earn 0.25%. Perhaps if the offer was "interest paid in bitcoin to your institutional account (custody)" or, for those who bother to learn self-custody, "interest paid in bitcoin to your KYC'd self-custody wallet of choice?"

Incentives seem to align here.
Thoughts?


Doxies are the best!


On enforcing the second part (don't lie) immediate thoughts for examples of organizations which succeeded for a time on this:
-Merchants of Venice (family ties)
-Medici and other banks
-Hanseatic league for trade
-UK's use of royal charters
-and, of course, every religious or social in-group/out-group paradigm (where ostracism or shunning is a thing).

Key to all of these, I think, may be that last part... the collective will to exclude based on bad behavior -or- perhaps also just not being part of the in-group.

This has got me wondering whether only an inherently "exclusionary" organization can get closer to enforcing honesty...


Hey nostr:npub1excellx58e497gan6fcsdnseujkjm7ym5yp3m4rp0ud4j8ss39js2pn72a
Is Montserrat on your target list for expansion of bicoin? A quick overview shows likely un/underused energy source in geothermal, robust comms network, relative isolation (to encourage development of circular economy), and enough tourism to inject new capital to the mix.

Wiki fwiw: https://en.m.wikipedia.org/wiki/Montserrat


thanks for explaining all that, Guy.
much appreciated.


The Lost Forest Gardens of Europe • Episode 903 of Bitcoin And is on Fountain
https://fountain.fm/episode/c11QowqqU9K4Xz2m5Ngm


that's even funner now because RATM is part of the machine


tried when midjourney was new-ish but not since... goal was to create an artful process flow diagram with the tool. it did not look good at all.

suggestions, Guy?


Thinking maybe a name change for ether to "non-governmental variable consensus digital token with flexible monetary protocol"

Would that give a better context for investors seeking to earn a profit through the effort of others who are, themselves, organized into a loose affiliation which exercises control of token supply, "corporate" strategy, and continued (profitable) operation of the endeavor?


Dude is making me dizzy.
Thanks goodness Rogan's show is constantly interrupted with advertisements else I'd go over the edge.


Thoughts about that... and how knowing this will lead to a new job category / role (just during the interregnum) within institutional treasury management teams. New title can be called something like utxo input/output manager... could even automate to a degree. Obvi there's more to unpack there, starting with "why even?" but if you check my bio it should be obvious why even.

The future is coming on faster than brains can process it all.


Wow. Just wow.
We're so early and too late at the same time.
Depending on perspective, this rate of progress is either excruciatingly slow of face-melting fast.


Can anyone point me to the primary infrastructural vulnerabilities of the ethereum blockchain?

I recall arguments about centralization of validators, about necessity of AWS in many cases, and some tcpip element upon which the entire infrastructure depends (need deets there).

Check my profile and you might be able to see why I'm asking... Can't share more unfortunately.

nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg


Anyone here maintain a handy list of countries where Bitcoin is already legal tender or has legal status as a property?

Already know El Salvador and the city of Lugano for legal tender... Many others where it's considered property.

Any good sources I can look to?
TYIA


disturbing


Yegor, did you ever use Google and Android apps previously? I'm also curious about the graphene experience but concerned I might miss out on some of what have become (at least to me) essential apps.


Lee

AML compliance officer at a top 10 (US) bank. Send a note if you're a bitcoiner or a bitcoin company having AML issues with your bank. I am happy to help to the extent possible (as a personal endeavor... not/not as an officer of the bank). NO ALTCOINERS!


Interested to hear thoughts in this direction, too.


Isn't there a legal principle that financial privacy (or any privacy) is an inviolable human right, exceptions only when there's probable cause articulated in a warrant or involvement of a third-party with access to the "private" knowledge?


Neither a big risk nor courageous on their part, just by the numbers and the structure. The real front-page news will be when a financial advisor of similar stature takes self-custody of bitcoin and makes their announcement.


What with Primal? Did all their relays die or something?


Awful
Just awful
Worse that it took fully 6 seconds for me to get there


Wondering whether this will be discussed in the board rooms of financial institutions still struggling to home-brew their own stablecoin. 🤔


*Liana


Hey @hodlbod
Listened to your interview on Bitcoin And... yesterday. Great stuff sir and gave me loads of homework to do.

Questions: Is there utility in approaching nostr as a potential for "closed" communities? I recall you mentioning a scenario where you and a friend might share the same set of notes... but could that be scaled to maybe 50 friend and family identies with access, 500 tuition-paid students, or 5,000 employees, etc.?

https://fountain.fm/episode/vxd7ojlUhTZTY3RG1Za4


Excellent episode on Revault and Linera from @stephanlivera

https://fountain.fm/episode/ubZGp5GY4wzNS8bAHOZJ


This may be an example of circular reporting but definitely wanted to share as it's in my wheelhouse:

TD Bank Releases Commercial Explaining The Bitcoin Halving And Promotes ETFs
 https://bitcoinmagazine.com/business/td-bank-releases-commercial-explaining-the-bitcoin-halving-and-promotes-etfs via @nikcantmine

I note with interest that Bitcoin magazine does not include any sort of sharing button for nostr like they do for X, LinkedIn, etc.  Why is that, I wonder.


nostr:npub1g0587hzzckcncxfm78n0996qe2s58nspy29wf02tqcj5sdzcpj4q6j40hv any thoughts on this?


Ah... got it.

I'm fortunate to have a local butcher (with abatois) who sells a half or quarter beef for <$4/pound. I'm quite happy to have that opportunity but would prefer an even more direct stomach-to-cow relationship.

I like your retail solution though. Cutting your own probably brings you "closer" to your food, for sure.


yes. ordered yesterday and looking forward to receipt Friday.


When available on Audible, too? I like to do both paper and audio... but audible is my prey over Kindle.


Just added this episode to my fountain queue.


Interesting.
Are you cutting your own because you're also harvesting your own?


Tasty
Delmonico among my faves. Good fat content.


Favorite cut?


Learning


what were you selling?


Samourai is same or different in your opinion?


Entonces, muy amable, pana.


thanks I think 🤔
is that a gift for me?
pretty cool, regardless


Similar to "dusting" with btc from a sanctioned address, in a way...
Interested to see more answers to your hypothetical, Semisol.


This would be nice... though tbh I only understand 80% of what you just said I can point to a potential use-case with a ready made user base(s)... no need to wait for the adoption curve.

...Wondering how one might implement an 'internal nostr' for a company to replace the typical suite of Microsoft products (outlook, office, teams, etc.).

///skipping past all the general and specific requirements you might want to dump into Jira for your agile story... straight to a potential limiter (with silver lining)///

This might imply need to 'translate' items in & out to support external comms for business, etc. Or, could simply not translate at all in order to 'compartmentalize/sequester' the company nostr instance (to prevent spillage of any sort).

Banks, university researchers, healthcare, government... all endeavors that might consider inviting the Lost Boys Kiefer Sutherland character in the front door b/c they see advantage. (Give it some time and shake lightly, et voila! You've made bitcoiners.)


Looking forward to this.


Happy birthday, Mr. Nakamoto, wherever you are!


thanks for sharing that.
I was unaware of the charges being dropped in a separate jurisdiction.


will check it
thanks


sadly, I agree
sometimes I forget many people are not oriented to care.


I'm here.
This is me.
I wouldn't say anything here that I wouldn't also say to a room full of strangers.


Sincere question here: did he (Ross) or did he not solicit (and pay for) a murder for hire?  I'm not asking whether it was entrapment or whether there were extenuating circumstances. I just want to know whether the reporting was accurate about that element.


lulz
thanks for that


Need an audio warning on something like this in future. Maybe, "Warning! Do not play this audio more than once unless you want to throw up a little on your mouth."


I waiver between the long-form email with action items clearly marked, etc. andthe professional yet pithy equivalent of "let's discuss."

What's your preference?


What you say makes sense.
Do you also see the possibility that game theory will make 'zero KYC' options an attractive offering both for individual companies/merchants and for jurisdictions?

All one needs to do is to break the seal and recruit first followers like Sampson Maow (sp). is trying to do.


Thank you


Do you think that will be less of an immediate issue if people use appropriate privacy tools to protect the status of the rest of their stack?


I'm sure they did, Marty.
they almost certainly reported it, too.


Mark Jeftovic at bombthrower.com was the first person I ever heard posit that ethereum would become the defacto CBDC either directly or with a new government token riding on that chain.

So, this sounds about right.


I wonder whether there are opportunities there... I mean, a door-closes, window-ope s kind of thing.


checked into getalby today to get my own readable lighting address but saw they're invite-only now.

any recommendations out there for another service or method?

tyia


Is Tuur hara on nostr?


This week’s newsletter is out. Check your email or read it online.
https://newsletter.unlimitedhangout.com/2024-02-09-newsletter/


They beclown themselves...
Begging for no one at all to take them seriously they legislate against gravity and rotation of the earth.


A minor correction:
#Bitcoin is not risk free at all. But when you understand it, it breaks through the fairy tale of the things that are normally perceived as low risk or risk free. Bitcoin *exposes* risk in all its forms where it is usually obscured or dishonestly portrayed.

By revealing the truth and nature of risk everywhere, bitcoin proves itself to be the least risky, and promises a massive reward for those open to seeing the reality of our volatile world. nostr:note1et8hydcmpxsj4g0j3ec8u7pvald9qcfaveujcwze4cugsw87a5vsz3x6fn


I used to walk them through downloading the Strike app. Now I just share my Swan Force link.