Simple asking ChatGpt:
1. Timeouts

If the time lock expires before the payment is successfully claimed (the receiver fails to reveal the preimage), the sender can close the channel to reclaim their funds. This is a protective measure to ensure funds aren't locked indefinitely if a transaction fails to complete properly.
2. Disputes or Uncooperative Behavior

If there's a dispute or if one party acts maliciously by not cooperating (e.g., the receiver deliberately delays revealing the preimage to claim the payment), the other party may choose to force-close the channel to settle the transaction on the blockchain, ensuring the security of their funds.
3. Network Delays or Congestion

Sometimes, network delays or congestion can prevent timely communication or transaction confirmation. If such delays risk the expiry of the HTLC, a participant might preemptively force-close the channel to avoid losing funds due to the time lock expiring.
4. Safety Mechanisms

Force-closing a channel due to an HTLC taking too long can also be a safety mechanism. It prevents the potential loss of funds by ensuring that transactions are settled on the blockchain if the off-chain mechanisms fail to execute as expected.

Force-closing a channel is generally seen as a last resort because it involves broadcasting the channel's final state to the blockchain, incurring transaction fees and potentially leading to a delay in accessing funds due to the time locks involved in a close transaction. Therefore, parties usually attempt to resolve issues or complete transactions within the HTLC's time frame to avoid the need for a force-close.


I use Alby to login with noStrudel on my desktop. Also use it to login with satellite.earth


#bitcoin
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/3f4091de533d60f2dce5400599d8f873.jpeg


Very true. If they did not hate #bitcoin so much they would send those coins to burn addresses. Always surprised no one has suggested this solution instead of risk of price disruption.


#bitcoin

And the next seizure.

This is what I mean.

UK Police Seized Bitcoin Worth Nearly $1.8B From $6.3B China Inve…

CryptoPotato
UK Police Seized Bitcoin Worth Nearly $1.8B From $6.3B China Investment Fraud
Feb 1, 202408:31 GMT+1
BTCUSD−0.85%

A Chinese-British woman, Jian Wen, is facing charges in London for allegedly helping a fugitive, Yadi Zhang, launder Bitcoin (BTC) obtained from proceeds of a previous investment fraud that affected nearly 130,000 investors.

Authorities seized devices holding over 61,000 Bitcoin that came from $6.34 billion previously stolen by Zhang from investors in China. A Fake Chinese Investment Scheme

Jian Wen, who is currently on trial, is facing a three-count charge of money laundering following her involvement with alleged fraudster Yadi Zhang, whose real name is Zhimin Qian.

According to prosecutors, Zhang, through a fake wealth management scheme, stole £5 billion ($6.34 billion) from unsuspecting investors in China between 2014 and 2017, which was later converted to Bitcoin. She fled China to London in 2017 and assumed a fake identity to evade Chinese authorities.

Wen, who became a British citizen in 2018 after arriving in the United Kingdom in 2007, is alleged to be the front person for Zhang, according to the counsel for the Crown Prosecution Service, Gillian Jones KC.

Jones further told the jury in a London court that Wen helped Zhang to convert some of the latter’s BTC into property, cash, jewelry, and other luxury items, adding that Wen’s attempt to purchase a London property worth £12.5 million for Zhang in 2018 through a law firm, fell through, as the law firm could not determine the source of the Bitcoin.

Meanwhile, Wen has pleaded not guilty, stating that she was Zhang’s carer and believed that the latter’s Bitcoin was obtained from legitimate sources. A Monumental Seizure

The prosecution also revealed to the jury that the Metropolitan Police in 2018 seized four separate devices containing more than 61,000 BTC found in a safety deposit box and a property where Wen and Zhang were residing at the time.

In 2021, the value of all the crypto confiscated by the police was worth £1.4 billion ($1.77 billion), which is one of the largest seizures globally. At the current price of Bitcoin, 61,000 BTC is valued at $2.6 billion.

While Wen’s trial is still ongoing, Zhang is said to have fled the United Kingdom, with prosecutors stating that she remains at large.

In related news, the German police seized more than 50,000 Bitcoin worth over $2 billion from two men who allegedly violated copyright laws following their operation of a piracy website.

https://www.tradingview.com/news/cryptopotato:446683b5a094b:0-uk-police-seized-bitcoin-worth-nearly-1-8b-from-6-3b-china-investment-fraud/


But sad thing is there's always a scam. This way it can become more like gold. 50k coins dumpling each year assuming there is each year such similar scam they seize and dump it market.


#bitcoin

If this hits the markets...

German Authorities Seize Bitcoin Stash Worth Record-Breaking $2.1…

German Authorities Seize Bitcoin Stash Worth Record-Breaking $2.1 Billion Connected To Piracy Websites
ZyCrypto

In a landmark operation, German prosecutors have confiscated 50,000 Bitcoin (BTC) worth a whopping $2.17 billion connected to an illegal file-sharing probe, hailing it as the largest cryptocurrency seizure in the country’s history.

A Historic BTC Seizure

A total of 50,000 BTC was reportedly seized by German police.

The Bitcoins were provisionally seized in mid-January as part of a probe into copyright violations, as announced by the Dresden Public Prosecutor’s Office and the Saxony State Criminal Police Office.

In the Jan. 30 announcement, the Saxony police revealed it coordinated with tax authorities and prosecutors to seize the BTC, allegedly linked to two men of German and Polish nationality.

The authorities said the culprits bought the 50,000 BTC with the proceeds of pirated materials through websites in 2013. The suspects might face charges, including unauthorized commercial exploitation of copyrighted works and money laundering.

One of the individuals voluntarily transferred the Bitcoin to digital wallets controlled by the Federal Criminal Police Office’s management. However, it’s unclear what law enforcement will do with the crypto. “A final decision has not yet been made about the utilization of the bitcoins,” the police noted on Tuesday.

In 2023, the United States government confiscated over $215 million worth of BTC connected to the darknet marketplace, Silk Road. The U.S. now holds approximately $9.4 billion in Bitcoin. The government’s BTC transfers often spook crypto traders as they fear that intense sell pressures could push down the price of crypto.

https://www.tradingview.com/news/zycrypto:29a1c506c094b:0-german-authorities-seize-bitcoin-stash-worth-record-breaking-2-1-billion-connected-to-piracy-websites/


I thought Electrum is able do this. But not used this wallet for quite a while tbh.


I know that feeling. Gl with everything.


How dare you.


Never get bored about this view
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/4a84fba8915a1c98cc9613c841f0184d.mp4


:rolling on the floor laughing:


https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/824055fe9b9d2fa805928b2904153f0e.mp4

Why not?


Umbrel + nostdress solves this


But the repeat could be a problem used in most of media players in nostr clients 😜


Improved version could use an audio mp3 for that...


That first punch in his face. So well done. Indeed, he never recovered after that. End of the Hulk.


Since 2012 sir 👊
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/a9cf7d56648bce1154079c18bb4e27b7.jpg


#bitcoin #etf #blackrock

@ArkhamIntel on X

Blockchain research platform Arkham Intelligence has claimed to have managed to identify the on-chain addresses with Bitcoin
BTCUSD
 backing several spot BTC exchange-traded funds (ETF) in the United States.

For example
https://platform.arkhamintelligence.com/explorer/entity/blackrock

You can query any US entity.


See my other comment
note18xzatpfehzkxa07dnlkjpx9l36l82f9zhfgvq356lwuxvqr33q0saeyp89


If that's the case then you would also gonna exclude people with lots of ecash or something else too? No cannot exclude successful people. They earned it.


meh. Sounds like shitcoinery


Nostr is the proof that a firstmover like X always be a firstmover.
And you know what, that's good for #bitcoin.


Chatgpt thinks it has to do with this
The implementation of the "update_hook" feature in SQLite client libraries can vary based on several factors:

1. **Complexity and Portability**: Implementing hooks like "update_hook" can add complexity to the library, especially in ensuring portability across different platforms and languages. SQLite client libraries are often designed to be lightweight and straightforward, and adding such features could complicate their maintenance and usage.

2. **Performance Concerns**: Hooks can potentially slow down database operations, especially if they are not optimized. Since SQLite is often used in environments where performance and efficiency are critical (like in embedded systems or mobile applications), library developers might opt to exclude features that could impact performance.

3. **Security and Stability**: Implementing hooks that allow for callbacks or external code execution can introduce security and stability concerns. Maintaining the integrity and security of the database is a priority, and adding such features might pose risks if not implemented with stringent security measures.

4. **Specific Use Cases**: Features like "update_hook" are often useful in specific scenarios but might not be broadly applicable to the majority of SQLite use cases. Library developers might prioritize more universally needed features over those that serve niche requirements.

5. **Alternative Mechanisms**: In many cases, the functionality provided by "update_hook" can be achieved through other means, such as triggers within the database, or by handling data change logic in the application layer rather than within the database client library.

6. **Resource Constraints**: Open-source projects, in particular, may have limited resources in terms of contributors and time. Developers might prioritize bug fixes, compatibility updates, and features that benefit a larger portion of the user base over implementing something like "update_hook".

7. **Language-Specific Limitations**: Some programming languages might have limitations or complexities in implementing callback mechanisms, especially in a way that interacts efficiently and safely with a C-based library like SQLite.

That said, the availability of "update_hook" or similar features can vary widely among different SQLite client libraries, and some may indeed offer this functionality, possibly as an optional feature that can be enabled as needed.


Just create a new umbrel lightning node and follow their restore instructions. It's really that easy. Unfortunately all restored channels will be forced closed. Hopefully you have also written down your 24 words needed for your online funds. This is needed because the channel.backup need that too


It's taken from https://bitcointreasuries.net/


I know how it feels because I already have seen it before. Sadge. When restoring all the channels in the backup will be (force) closed by the restore mechanism. At leasy that was my experience. Cannot advice you more on this unfortunately. Anyway. Good luck. I will keep your channel open but I am affraid it will be closed in the restore process. We will see.


#bitcoin #coldcard

Lots of facts here
https://bitcointreasuries.net/


#bitcoin
From @Swan on X (hate to say it)

Where is all the #Bitcoin?

Between ETFs, funds, private and public companies, governments and even DeFi🤮, it only comes out to  2,170,327 BTC or ~10.33% of total supply.

The remaining BTC is in the hands of individuals or lost for good. Stay strong, hodlers.💪
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/7623b2e6d16c1c77ad02821f6a170600.jpeg


He does it wrong
https://www.youtube.com/live/3y3NPw7EVbI?si=Smtq2Ec7iFdXSoGX


For example
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/44629db8c4247a9fa3f899b844f81bba.png


Works great on Firefox Android with Alby extension. I had once to set desktop mode to see the login. After that you can switch it back to mobile 👍💪


ChatGpt4 about this
Those sentences express a viewpoint that aligns with certain ideologies that favor minimal government intervention in the economy, personal responsibility, and the idea that wealth is created by individual effort rather than government action.


Solved. Send those back by the way ! You deserve it more


Fixed! ❤❤
https://github.com/getAlby/nostr-wallet-connect/issues/214

Tested using https://github.com/getAlby/umbrel-community-app-store


Bad joke. #fake confirmed


#bitcoin #core
Anyone can confirm this?
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/6890d3defdeeff840e1462734405ed0b.png


Patch on the way! <3


Wow thank you very much. Thanks for the sats. ❤❤❤❤😘


The simple solutions are the best

https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/9a0ce997db4b5692d658d1b594139db6.mp4


Yes you can always use this backup even if channels has been closed since then. I leave our channel open. Anyway. Good luck and don't worry too much 🙏. I once had a crash and worse thing that can happen is that all channels are forced closed but you always get your funds back minus fees. That is good to know.


So only 52649 sats are lost in case of unrecoverable backup


This is the latest state of our channel seen from my side how it is before the connection broke
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/b21e89bf3f9be07264efbe5ee1dac9b4.png


So. What should I do with our channel? You have a channel.backup I hope? So you have funds in restore? 🙏🤔😥


v0.83.7 finally in the store here 🙏👍


Good luck with finding the cause 🙏


Yes unfortunately it does. Ofc course I also try to restart and even do a fresh installation of a new node. Still its consuming 100% cpu al of the time even with no devices added. So immediately after installation it always consumes 100% cpu.


The list count number. If you click on it you see the list which you are included in


You can query every user and who blocked them


In noStrudel you can see them in your profile last tab
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/68c4c5fd45223412e05cb1a80dc2a464.png


#snow
Anyone ever done this?
https://youtu.be/wcDFgir_jgY?si=2M9OFUJ71094BjnF


Maybe this has to do this
note1mpydtcjyvtjwkux9zrvckja5q3q84jf9vsq7ekhd0r75mvwqq84su6dqq5


#bitcoin
The proof that buying ETFs has totally zero effect on the price of its underlying asset. Dispite trading records. Only spot buying is the way.

Bitcoin ETFs break records, outperforms entire 2023 market in a day

Bitcoin Exchange-Traded Funds (ETFs) have taken the financial world by storm, surpassing the combined daily trading volume of all 500 ETFs launched in 2023. According to data from Yahoo Finance, on January 16th,10 newly approved spot Bitcoin ETFs collectively recorded over $1.8 billion in total volume, leaving last year’s entire ETF market far behind.

https://www.tradingview.com/news/todayq:008de44e0094b:0-bitcoin-etfs-break-records-outperforms-entire-2023-market-in-a-day/


Mining in 2013. Look at that difficulty! Nostalgic low
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/36d5e43cb6520c629c1de39cd0e75313.png


Still not regret it. Changed everything for me. To be honest I had expected it go faster, but yeah. Step by step.


Me mining in 2012
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/fdb897bd8c5989be7ebad1549842b0db.png

https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/89350c3643c05e8f731c9fcce2f48aa9.jpg

#bitcoin #neverforget


You can follow/verify their coins on the blockchain?


Maybe this
Grayscale Transfers Almost 12,000 BTC To Coinbase, Bitcoin Price Reacts

In a significant development that could potentially impact the Bitcoin price, Arkham Intelligence data reveals that Grayscale, the manager and owner of the Grayscale Bitcoin Trust (GBTC), has been sending a significant amount of Bitcoin to Coinbase since the launch of Bitcoin spot exchange-traded funds (ETFs) on January 12.

Grayscale Bitcoin Trust Initiates Substantial BTC Outflow

According to the data, four days ago, Grayscale initiated the first batch of BTC outflows from their holdings to the US-based exchange in four separate batches, totaling 4,000 BTC, which amounted to approximately $183 million. However, the asset manager resumed outflows from the Trust to the exchange on Tuesday.

In a recent update, approximately three hours ago, the asset manager sent an additional 11,700 BTC to Coinbase, amounting to $491.4 million. This additional selling pressure could push the Bitcoin price to test lower support levels.

Furthermore, Bloomberg reports that investors have withdrawn over half a billion dollars from the Grayscale Bitcoin Trust during the initial days of trading as an ETF.

According to Bloomberg’s data, outflows from the Grayscale Bitcoin Trust reached approximately $579 million, while the other nine spot Bitcoin ETFs witnessed inflows totaling nearly $819 million.

Investors Shift Capital To ‘Lower-Cost’ Spot Bitcoin ETFs

James Seyffart, an ETF analyst at Bloomberg Intelligence, noted that investors may be profit-taking following the ETF conversion. The flow data provides valuable insights into the ETF’s performance following SEC approval.

Although over $2.3 billion of GBTC shares were traded on its first day, the outflows indicate that a portion of that volume was due to selling. Seyffart anticipates that a significant amount of capital will enter other Bitcoin exposures.

The outflows from Grayscale’s ETF were somewhat expected. Bloomberg Intelligence had previously projected that the fund would experience outflows of over $1 billion in the coming weeks.

Some of this outflow can be attributed to investors shifting towards more cost-effective spot Bitcoin ETFs. With an expense ratio of 1.5%, GBTC is the most expensive US ETF directly investing in Bitcoin. In contrast, the VanEck Bitcoin Trust, the second-most expensive fund, charges 0.25%.

On the other hand, other spot Bitcoin ETFs have witnessed net inflows. BlackRock’s IBIT attracted nearly $500 million in the first two days of trading, while Fidelity’s FBTC received approximately $421 million.

According to Bloomberg, these inflows suggest strong demand for Bitcoin exposure in physically backed ETFs, even beyond potential seed funding from the fund issuers. Bitcoin Price Finds Support At $42,000

Currently, the Bitcoin price remains unaffected by the news of Grayscale’s transfers to Coinbase. The leading cryptocurrency is trading at $43,100, showing a slight increase of 0.8% over the past 24 hours.

However, since the commencement of ETF trading, it is important to note that the Bitcoin price has experienced a significant retracement, declining by 8%. This decline can be attributed to profit-taking and selling pressure, with Grayscale’s involvement being noteworthy.

In the event of a further drop in the Bitcoin price, a significant support level has been established at $42,000. If this level is breached, the next key level for Bitcoin bulls to watch is $41,350, followed by a potential dip below $40,000.

The market is eagerly observing whether Grayscale and its BTC selloff will continue and how this will impact the Bitcoin price leading up to the scheduled halving event in April, which many consider to be the main catalyst for the year.

https://www.tradingview.com/news/newsbtc:c7e7f2339094b:0-grayscale-transfers-almost-12-000-btc-to-coinbase-bitcoin-price-reacts/


Those were the days when I first started on mtgox. Luckely I immediately withdraw them.
 And yes still hodl🙏
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/b0d21cc801ace6678afaaf6e40734331.png


Nope. I never do this. So. Yes maybe that is the cause. So sorry for you man😥. Hope you get a new one soon 🙏👍


After 5 days still not available in the Store. Strange. Normally this takes less days. Anyway hope it will be there soon🙏


Since December 19th. And I have already done transactions with it.


No problems here since the upgrade.

https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/cbd21b836c554aa9c02d7b4ae59d4b4a.jpg


💯. Be cool bro 👊


So sorry for you man.

I bought a good sale of the umbrel home server for $325 bucks.

https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/29556ee46065b5809163357d060f8af2.jpg

Maybe you have luck and can also find one. I use my raspberry now for webserver only.

Anyway good luck 🙏


https://amboss.space/edge/901786451952009216

This one. Please unfollow t4es5ter5@bitbubblex.com. I made a clusterfuck with that account. It's now michael@bitbubblex.com. Thats also the alias of my lightning node and even my lightning payment address


I just read this
note17uvycezj5zy7p4elysz9ggcqvj3k843rqtsajwtkmlrvzsqqmzhqgjcp8d
Still in progress I guess....


nostr:npub1n0afndp2aml2hjhkgr4ser9uxfpxhgfsq9v73fzztt8l9mprym4sul4l2a your lightning node is offline for several days now. Temporary I hope?


This is what I had with ChatGpt today.
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/92a07b0a77d35d658baf9e49efffbfb5.png


I think he suffers some kind of burnout lately.


Meanwhile Peter Schiff being the same Peter over and over again:

https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/c67d300cd1318a1d9d21c0f85910c0a1.png

Not a single mention about his prior calls:

https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/8c634fbbecb14bbdd831117955e0e906.png

#bitcoin #hodl


    Carbohydrates: The most abundant macronutrient in most plants. Fruits, vegetables, grains, legumes, nuts, and seeds all contain carbohydrates, primarily in the form of sugars, fibers, and starches.

    Proteins: Many plants are good sources of protein, particularly legumes (like beans and lentils), nuts, seeds, and whole grains. Some vegetables, like broccoli and spinach, also contain protein.

    Fats: While not as prevalent as carbohydrates and protein, many plants contain fats, especially nuts (like almonds and walnuts), seeds (such as flaxseeds, chia seeds, and sunflower seeds), and certain fruits (like avocados and olives). Plant oils (like olive oil, canola oil, and coconut oil) are also high in fats.


This is absolutely wild.

Fiat financial fuckery at its finest! https://v.nostr.build/jR9j.mp4


They can't and they won't.


Ironically, Hayes' words are echoed by the SEC Chairman Gary Gensler, who finds that the Bitcoin ETF is contradictory to Satoshi Nakamoto's vision for his brain child.

That's 💯true of Gensler. I agree with that statement.

#bitcoin #etf

https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/b1ae548e01ba25fd9e9a8e214be90019.png


Bullish on #Amethyst


Fine now! Up and running. 👍Thank you. Good weekend


Fine now. Up and running 👍👍


Indeed. I erased the chat already. I don't also trust fully where chatgpt gets his source from.... For me ETFs are not transparent to ever put a single penny in it. Not your keys not your coins.


#bitcoin solves this

https://www.politico.eu/article/france-euro-coins-destroyed-brussels-veto-on-new-design/?utm_source=email&utm_medium=alert&utm_campaign=France%20melts%20down%20millions%20of%20coins%20because%20EU%20says%20its%20stars%20don%27t%20look%20right

France melts down millions of coins because EU says its stars don’t look right
Oops! Paris mint has to start all over again after design falls foul of European Commission’s very strict requirements.

PARIS — France has destroyed and reminted 27 million coins after failing to ask the EU for design approval and then being told they didn't conform.

The Monnaie de Paris, the country's mint, produced the 10, 20 and 50 cent coins with a new pattern in November but later discovered that the way the stars of the EU flag had been depicted was not compliant with the European Commission's very precise requirements.

Under EU law, countries can change the design of the "national" face of euro coins every 15 years, but they need the green light from the Commission as well as other eurozone governments, which have to be informed and have seven days to raise objections.

France informally contacted the Commission in November, before addressing a formal request to approve the design, but the mint had gone ahead without waiting for the EU's OK. It then received an informal warning from the Commission stressing that the new design was not in line with EU rules, according to a French economy ministry official with direct knowledge of the file, speaking to POLITICO on condition of anonymity.

A Commission spokesperson declined to comment on previous informal exchanges with France, but confirmed that the French treasury formally submitted the corrected design on December 12, which got the EU's endorsement on December 21.

The new coins were meant to be presented during a visit of France's Economy and Finance Minister Bruno Le Maire to the Monnaie's prestigious Paris headquarters. Unsurprisingly, that ultimately didn't happen.

Secret design
Now, a blame game has started between the Monnaie and the government.

The same economy ministry official stressed that the Monnaie was an autonomous public company and not part of the French administration. That means the Monnaie would entirely bear the cost of reminting the coins.

"There will be no cost to the French taxpayer, as the company will absorb it in its operating costs," the official said.

The story was first reported by French media outlet La Lettre, which quoted the head of the Monnaie, Marc Schwartz, saying "the French state" was responsible.

The design of the new coins proposed by the French government and validated by the Commission is still a secret and will be unveiled before the spring, the French economy ministry said.

The Monnaie de Paris did not respond to a request for comment.


https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/9b952dfdf1a026eb814437fdfc4878e8.jpg

Also captured today on my way home.


https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/23a60dca5f0d82528a4ccef1c3798911.jpg

My view 30 minutes ago.


ETFs are a hell of a drug.


https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/d522d7afd359e6a6351545e467743863.png

lightning network.

13 channels closed in one block........

(not mine)


No online for two days already.
https://yalls.org/network/031752e64d5feda218e73cd51d9ea19945814165a34709432557bef0748cb100ad


ChatGPT4 gives this answer to your question:
Your understanding of the dynamics of an ETF (Exchange-Traded Fund) investing in a cryptocurrency like Bitcoin (where the denomination is in satoshis, or "sats") seems to be on the right track. Let's break down your example and address your big question.

In your scenario, you're considering an ETF where the underlying asset is measured in satoshis, and the value of these assets fluctuates with the price of Bitcoin. Here's how it works:

1. **Initial Scenario**:
   - 100 shares in the ETF, with a total of 100,000 sats.
   - The price of each sat is $2, so the total Net Asset Value (NAV) of the ETF is $200,000.
   - Each share is thus worth 1,000 sats.

2. **Price Increase to $4/sat**:
   - NAV increases to $400,000 (100,000 sats at $4 each).
   - You buy 10 shares at this new valuation.
   - The fund receives $40,000 and buys 10,000 new sats at $4/sat.
   - Total shares: 110, Total sats: 110,000.
   - Each share still represents approximately 1,000 sats.

3. **Price Increase to $5/sat**:
   - Market price per sat increases to $5.
   - $40,000 now buys fewer sats (8,000 sats).
   - Total shares: 110, Total sats: 108,000.
   - Each share now represents about 982 sats.

4. **Price Decrease to $2/sat**:
   - Market price per sat decreases to $2.
   - $40,000 buys more sats (20,000 sats).
   - Total shares: 110, Total sats: 120,000.
   - Each share now represents about 1,091 sats.

In this scenario, the value per share in terms of sats changes based on the market value of Bitcoin at the time of each transaction. The ETF does not maintain a fixed number of sats per share; instead, the number of sats represented by each share fluctuates based on the fund's total satoshi holdings and the number of outstanding shares.

Regarding your big question: **Is the price per share sold updated for the sats they acquire?**
- In most ETFs, the price per share that investors buy or sell at is based on the NAV per share, which is calculated at the end of each trading day. This NAV reflects the current market value of the underlying assets (in your case, sats) divided by the total number of shares.
- When new shares are issued (like when you bought 10 shares), the ETF uses the money to buy more of the underlying asset at the current market rate. This is then reflected in the NAV and, consequently, in the value of each share.

So, in essence, the price per share is indeed updated to reflect the current value of the assets the ETF holds, which in your scenario, is the number of sats and their current market value.


:face with tears of joy:


Posted the issue here.
https://github.com/getAlby/nostr-wallet-connect/issues/214

Hope this is the right place for reporting issues....


Today I found this about ETFs from Michael Saylor:
Jan 12, 202411:07 GMT+1
Founder and former chief executive of MicroStrategy, vocal Bitcoin proponent Michael Saylor, has taken to the X/Twitter social media platform to comment on the current substantial decline of the Bitcoin price and issue a call to the BTC community in an attempt to prevent a further drop.

In the meantime, small Bitcoin holders continue to sell BTC in order to get exposure to the newly approved spot Bitcoin ETFs.

Michael Saylor strives to stop BTC price fall

Saylor tweeted to tell his followers and the Bitcoin community overall not to sell their BTC. The approval of spot-based Bitcoin exchange-traded funds issued by the Securities and Exchange Commission earlier this week has provoked Bitcoin volatility, and the flagship cryptocurrency has been going down since many are now selling to profit on the first price increase, and many are selling to get free funds to invest in Bitcoin ETFs.

On Thursday, the price of the world’s leading crypto soared by 6.10%, reaching the $48,711 high. Immediately after that, Bitcoin plunged by 6.78%, hitting the $45,729 low.

You do not sell your #Bitcoin.— Michael Saylor⚡ (@saylor) January 11, 2024

MicroStrategy seeks to raise more funds to buy Bitcoin

When he was the CEO back in 2020, in August of that year, Saylor introduced a Bitcoin-based course for MicroStrategy as the company sought a way out of a crisis. On Saylor’s command it began purchasing big chunks of Bitcoin on a regular basis and adding them to its balance sheet.

Several times, MicroStrategy issued bonds to buy more Bitcoin. The most recent BTC acquisition was announced approximately two weeks ago as the company purchased another 14,620 Bitcoins, with $615.7 million between the end of November and the end of December 2023. As of Dec. 27, the company holds 189,150 BTC worth a whopping $8,666,777,340. Per Saylor’s earlier statements, his goal is for the company to acquire a total of 1% of the Bitcoin’s overall circulating supply.

MicroStrategy is also looking to issue more bonds to raise another $750 million to increase its Bitcoin stash. Saylor is going for only Bitcoin, excluding other cryptocurrencies, even the second largest to Bitcoin, Ethereum.

In a recent tweet, another Bitcoin maximalist, Max Keiser, sent a shoutout to Saylor to give him kudos for “taking Bitcoin out of the s-coin gutter” and for “setting the stage for today’s ETF approval.”


nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm your new version of nostr-wallet-connect:0.4.1 in umbrel consumer 100% all the time. Is there any place to make a report of this so that it can be investigated? Thank you.


I keep stacking the real stuff 👍. #bitcoin


This over 10 year article is at least interesting to read and maybe still valid.

Interesting times ahead.

https://www.smh.com.au/money/investing/whos-to-blame-for-great-gold-collapse-20130419-2i4pb.html


Look at the gold and silver price. Then look at at inflation. It has not been a good hedge against it. Most of of the gold and silver is being traded through futures and derivatives instead of the real commodity. Many topics can be found on this subject.


https://halvingfestival.com/ seems to be offline here atm. Also your lightning node seems to be offline.

Hope this is temporary? 🙏🤔

https://yalls.org/network/031752e64d5feda218e73cd51d9ea19945814165a34709432557bef0748cb100ad


They though the same about gold and silver. Look what happened. Hope I'm wrong.


#bitcoin now officialy cornered just like the gold and silver market. Thanks to the ETFs. Thank you


I feel the pain man. This hits me alsi. And there are so many of them. Shame


*not your coins


To me still: not your keys not your keys

Etfs and future related products of bitcoin is the opposite bitcoin really stands for.
Bitcoin don't need it. They need #bitcoin.


Bruh

https://i.nostr.build/Xone.png


If you that believe then what you say can also be faked with AI. #bullshit


Bullish on #Nostr


Does not work. Had expected to listen to Plebchain Radio


Verifying my Nostr Nests identity: -29JDAPXYrOj30HXAbatEMW9HvuwB5zUbQyebbCAoP0
https://nostrnests.com


:face with tears of joy:


From all the examples in the world you could pick, you choose this one 😂


nostr:npub1xcrkgfqejzgqaxle4jhmuyp8g0xpjvsug4yt6ayxw8r7p02j3gjscl60yf I just send you a DM


A garderener to have would be nice too


https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/420b5badce11db3f1b742e2c15be15f8.png

10M opened


Bro, I don't disagree with you a single word. Got in early. I just found out all the hastltle when moving to Malta because of the Wealth tax in the Netherlands. When I bought property and other stuff here needed to do KYC/compliance. Me also did in the early days anonomized bitcoisn. Was a hell of a fight with compliance to get all things sorted out. Good luck, all the best


See also my answer below. Once in the future if you gonna spent some of your coins you need to do kyc. I am taking on my own experience when I bought stuff >10k and kyc is required in this cuck world


You just interpret it wrong. Me was forced transactions >10k to do kyc. Then you realize the hastle you just created by doing this. No joke


Good luck when compliance/KYC needs to know to source of funds.


Looks like my ex.


Please read or ask AI what an ETF really implies. The gold market proves us what happens if majority only holds and trades spot ETF. Real spot needs to be taken off supply and kept in cold storage or in btc circulation without being converted into fiat. In summary: Spot ETF is bad on the long run.


No taxes in Malta.


#bitcoin

ChatGPT 4

User
https://www.tradingview.com/news/bitcoin_com:bd79f05a2094b:0-mystery-transfer-unidentified-wallet-sends-1-19-million-in-bitcoin-to-satoshi-nakamoto-s-genesis-address/

How can anyone ever spent in such address even if he or she has the primary key?

ChatGPT
An unidentified wallet transferred approximately $1.19 million in Bitcoin to Satoshi Nakamoto's Genesis wallet. This wallet, originating from Bitcoin's inception in 2009, is unique because its contents, including the 50 BTC mining reward from the genesis block, are unspendable due to not being part of the unspent transaction outputs (UTXOs) set. This is an artifact of the original coding, not a deliberate feature. The wallet has received small amounts of Bitcoin over the years, but none as significant as this recent transfer. The intent behind sending funds to an unspendable wallet remains unclear. For more details, you can read the full article on TradingView.

User
My question remains:
How can anyone ever spent in such address even if he or she has the primary key?

ChatGPT
Spending Bitcoin from Satoshi Nakamoto's Genesis address, even if someone had the private key, is impossible due to the way Bitcoin's code was initially structured. The 50 BTC in the Genesis block is not part of Bitcoin's unspent transaction outputs (UTXOs) set. UTXOs are a database of spendable Bitcoins; if a Bitcoin doesn't appear in this database, it cannot be spent. Therefore, these 50 BTC are technically unspendable by design, making any key irrelevant in this context. You can read more about this in the detailed article on TradingView.

User
So all al the stories about spent a little to prove he or she is Satoshi are not true?

ChatGPT
Yes, stories about spending a small amount from Satoshi Nakamoto's Genesis wallet to prove identity are not true. The 50 BTC in the Genesis block cannot be spent due to its exclusion from Bitcoin's spendable database (UTXOs). Any claims of moving these specific Bitcoins to prove identity are therefore inaccurate or misleading. This detail is crucial in understanding the nature of early Bitcoin blocks and the limitations imposed by the original code structure. For more in-depth information, you can refer to the article on TradingView.


Panda


:neutral face:


Yes. They do taxing unrealized gains in the Netherlands already. On of the reasons I moved to Malta.


My condoleance to ✝✝✝✝✝✝✝✝✝✝✝


By the way I use Nostdress the have my own lightning address.
https://www.austrich.net/self-custodial-zaps-with-nostdress/


ChatGpt on this:
To verify the validity of the data from USDebtClock.org, you can take several steps:

Cross-reference with Official Sources: Compare the data from USDebtClock.org with official government sources, such as the U.S. Department of the Treasury or the Congressional Budget Office. These agencies regularly publish official statistics on the national debt and other financial metrics.

Consult Independent Financial Experts: Financial analysts, economists, and academic experts often analyze and comment on the national debt. They can provide insights into the accuracy of such data.

Check Historical Data Consistency: Examine historical data from USDebtClock.org and compare it with official historical records to see if there are inconsistencies or discrepancies.

Understand the Methodology: Look into how USDebtClock.org collects and calculates its data. A transparent and rigorous methodology is a good sign of reliable data.

Look for Peer Reviews or Audits: See if any independent financial institutions or auditing agencies have reviewed or verified the data from USDebtClock.org.

Stay Updated with News and Reports: Financial news outlets and research reports often analyze and discuss national debt figures. These can be useful for cross-checking the data's accuracy.

Use Multiple Sources: Don’t rely solely on one source for such critical data. Cross-checking with multiple reliable sources can help ensure accuracy.

Remember that while USDebtClock.org provides real-time estimates, these figures can fluctuate, and small discrepancies might occur due to different data sources or update frequencies.


S8 Samsung?


Nm. And up again. Was broken for about 6 minutes


https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/2e115e128190e3da3981c0a49096803a.png

Currently mempool.space seems to be broken. Temporarily I guess


If you are 53 years old when you read this. Would it still be true? 😔


Shocker: He still thinks it is all temporary. Time will tell.


Image buying in 2010 with #bitcoin.


What an absolute honour it was to interview Fran Finney, the wife of legendary #bitcoin  OG Hal Finney.

Hal wrote the first ever #bitcoin  Tweet, the famous "Running Bitcoin", which we have on the back of our Real Bedford shirts.

Support Fran in everything she does!

https://www.whatbitcoindid.com/podcast/running-bitcoin-with-fran-finney


Don't forget kyc


If people still don't see it after more than 14 years of existence of #bitcoin they will never see it. Pointless to try. Sadly for the the newborn people. Truth can be cruel.


#bitcoin
They report this kind of headlines since the start of bitboin at zero (0)
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/f847804c71c2f4b7731dbd3ff7c5e2ec.png


#bitcoin#
https://www.tradingview.com/news/the_block:6ead0dea8094b:0-bitcoin-faces-risk-of-protocol-level-censorship-as-miners-under-increasing-regulatory-pressure/


They will take effect to take down Tor also.


True. Hard to know what is fabricated. Everyone has an agenda. Facts are gathered by people. No one knows everything. Wish it was that easy. And some things can not be 100% proven.


Then they call you conspiracy theorist. Or worse: criminal


You mean made up data?


https://scenesat.com/

#demoscene


Super easy. 100% better than Ledger especially in terms of ux and security.


#coldcard
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/cbd21b836c554aa9c02d7b4ae59d4b4a.jpg


And idea how this retention is measured? Because keys always exists.


Really no shit. Did you really think it was private 😂?


#bitcoin
https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/799804cd5173fdf305eaa73be1090a58.mp4


That music gives me still the chivers

1st place in pc demo compo at Breakpoint 2007
fr-041: debris. by farbrausch
The size of this demo is 177kb !

From Readme:
  visuals, direction: theunitedstatesofamerica (aka fiver2)
  code: chaos, ryg
  soundtrack: ronny
  synthesizer: kb
  sound effects: wayfinder
  additional graphics: giZMo
  additional code: tron
  special thanks: fried

  https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/fe0c9accfe32c42da7672dbc831c4e17.mp4


#bitcoin

https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/7500d2187596df865056d8d607a62f5c.png

He got a valid point in this imo.

https://www.tradingview.com/news/todayq:651e48d80094b:0-approval-of-bitcoin-etf-will-destroy-btc-nature-says-arthur-hayes/

Posted again because I forgot the #bitcoin hashtag.


#bitcoin


https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/7500d2187596df865056d8d607a62f5c.png

He got a valid point in this imo.

https://www.tradingview.com/news/todayq:651e48d80094b:0-approval-of-bitcoin-etf-will-destroy-btc-nature-says-arthur-hayes/


I used this in 2012:

https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/cefb0a819eaffbbccedce5743aff0f6e.jpg


Thanks. I will check this further 👍

My version on my phone is

https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/e4baa7813150a872b971ff7114e2d75b.png


Interesting. Even on my mobile I got this:

https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/f5ec74229424508759e51a8ce17890c4.png

😕


It's a striking example of how financial institutions navigate central bank policies to optimize their financial positions. This arbitrage might be seen as a creative use of financial instruments or a sign of inefficiencies in the design of central bank programs.


When nostr nostr:npub1qg8j6gdwpxlntlxlkew7eu283wzx7hmj32esch42hntdpqdgrslqv024kw


I think many people are interested indeed. But my Spanish is not that great. Hope I commicate in English language 🙏🤔😝?


On my list


It still surprises me why not send the bitcoins to a burn address. If they are so convinced it's dirty then why still want to risk market influence. Proves to me how much they hate #bitcoin.

https://www.tradingview.com/news/the_block:2a3357a97094b:0-u-s-appeals-court-finalizes-mandate-for-forfeiture-of-silk-road-bitcoin/


And even then, there is no better alternative. #bitcoin forever.


But he clearly said maybe. For what it matters I strongly disagree. Don't want to go into that discussion. But thanks for the link 👍


Any source to backup your statement about the Monero part?


Sad it has come this far.


Via #primal I could finally unmute myself


nostr:npub1lj0gvjxfd8yzche9r66e4u20xzyatmg0wwfd676a9kdffmjunj7szqhkxe test


nostr:npub1gcxzte5zlkncx26j68ez60fzkvtkm9e0vrwdcvsjakxf9mu9qewqlfnj5z once you accidentally block yourself in #Amethyst you can never unblock yourself 😭. Also tried to remove and add account with primary key again but unblock fails always.


https://www.bitbubblex.com/uploads_qsa67WW2_Ju12_55gddG34/cbd21b836c554aa9c02d7b4ae59d4b4a.jpg

👍


Hi nostr:npub1fccpde6z73zjp6g80gs03xqhnvpxh3faqty6wjc2qfah6zr6wqfq599zu4 you have any update on https://lightningnetwork.plus/credit_transactions/1212 ?
Just noticed Last Seen: 11 days ago on lightningnetwork.plus. Thank you 🙏


My whole profile has been erared by snort.social. Very dissapointed.


But they can solve logic tests and puzzles. Even those never posted on internet before. So a bit more than smart text management and acting like a parrot imho.


When Adam Back on #Nostr again 🙏?


Temporary... Patience is the 🔑


Maybe he already had enough inbound to receive those sats? Fees were not always like this. Besides that high onChain fees should not be a problem becuase the lightning network exists longer than the period of high fees we are currently experiencing. Exciting times ehead for sure.