Amen brother. However, I give a certain genocidal ethnostate less than a year before utter collapse. Economically, militarily, demographically, and civil unrest. Nature has a way of sorting this shit out.


I am sorry, that was to miss the point , perhaps. Maybe Rust has escaped the govts grasp ?


Torvalds banned C++ from getting anywhere near the linux kernel lol ! And he is correct. Those polymorphisms that resolve at runtime put you into python interpreted style hell. He has , however, seemed to have moved onto Rust from C


Like I said, 2 of Peter Todd's posts were simarly censored. I saw that. I supposed he also leaked his keys ? The problem is, with only about 4 relays active you have a high chance of skullduggery. If we had , for example , a bit torrent network protocol (mainline DHT) with >10million nodes, tampering would be crowded out


Musk is the biggest welfare queen ever seen. He endorsed Trump probably because he thinks he may get more out of Trump. Trump is no fiscal conservative.  The other lot were sending all the welfare abroad.


Sure youll always get some nefarious relays. Solution : Need more nodes/relays. Bitorrent has millions of nodes, rogue nodes will get buried.


My post was changed and not by me, shlomo. Do you speak English ?


Could be. I was not too worried about the deleted post for that reason. My posts that were censored were in a thread started by Peter Todd, I though he may have tampered with them , until I saw 2 of his posts also were censored in the same way. Unless he censored himself. Weird. Bottom line. We need a tamper proof network , otherwise what's the point ?  Bitorrent with over 10m nodes probably gives you at least a few tens of thousands of nodes for your posts , out the gate.


See the attached , the post had a "sensitive viewing" cover notification  plastered over it. Two posts. Another post was deleted.I didn't do any of that. Don't know how to so that. So, who did it in a "censorship resistant network"

I don't want to go into the network layer and start screwing around with config. Get a proper network layer, like Bitorrent mainline DHT.
 https://image.nostr.build/f204b03ae17f82bcd9ad7e52f10a72d2a1bf09b966a2741bb16700e6af26e351.jpg ?


Well, I got censored. Three times.  So there's that. They're patently lying. Which makes it a honeytrap ?

If the amethyst client did the censoring then there's a problem with the protocol. Something stinks here


The client was amethyst. Shouldn't matter if its truly open source. If we can have Sybil attacks then the architecture is garbage.


Nostr. Nostr censored censored me twice and then deleted my complaint. Nostr is going to die. A real decentralised , censorship resistant app build on something proven like Bitorrent has a chance.


Go suck on an exhaust pipe , shlomo
 https://image.nostr.build/f204b03ae17f82bcd9ad7e52f10a72d2a1bf09b966a2741bb16700e6af26e351.jpg


The more I look I to this the more disappointed I get. After a got a post censored and then deleted on nostr (i still dont know how and by whom)and now this , I think this operation is highly suspect, to the point that it may be malicious ? Bittorrent mainline DHT with millions of relays and #pubky may be a better bet.


The Mafia moved upstairs, to the govt. Protection rackets, extortion rackets, plain theft, drugs running. The west is a steaming pile of shit. The west has earned complete collapse. At its core is usury. Compound interest. Eventually the interest eats the principle.


Fees bottlenecks ? Bitcoin fees are pushing higher and we saw previously that LN is not immune. Especially the self custody LN solutions that use bitcoin submarine swaps on the fly. LN has some big problems. IMO


And you conveniently forget the history of this. 1990 "NATO not one inch east"- James Baker, 2 Minsk peace treaties ignored by the west "we just used Minsk to buy time to arm Ukraine"- Merkel and Holland's admitting this, a coup by the west in Ukraine in 2014(no democracy), suspension of Ukraine voting and time limit on the presidency.

You get the pattern ?


Amen. You're a soldier of truth !!!!


You are 100% correct. However, to name those people is not allowed in many countries. Its a jailable offence and you literally get censored on nostr( do these people also wield central power over nostr?). So we plod on with innuendo. How did we get to this state of affairs ?


One is a war , one is a genocide.

The "right" are Christian Zionists. There are over 50m of them in the USA.


All inviolable properties can be raised to the quatum level. Like quantum encryption. And then they again become inviolable


Use simplex and just add a searchable  directory of available groups. Then you have a secure, properly decentralised, meta data free  Telegram upgrade  without a CEO. Job done. Don't reinvent the wheel.


I think he's missing these key components, gold doesn't have an unalterable public ledger , gold tends to get stored centrally because of security problems and gold is not readily assayable.

Eg. Ft Knox has never been publicly audited and will never be publicly audited. There may not even be any gold in there, or it may not belong to who you think it does , if it is there.

 If you don't know if the gold exists or where it is and it is insecure to carry and you cannot tell easily if its real gold  , you cannot back money with gold. There's the problem.


Skin in the game solves all these problems. People who have money saved in bitcoin are already incentivised.  I am not concerned if the base layer ossifies. That's a feature.


Peter Todd can't be Satoshi. Satoshi knows history, economics, finance, psychology, networks , computers and math.


"Clear headed men" disqualifies you. You don't even know the history of this war starting circa 1990. This was a 30 year NATO buildup, a 2008 us army first strike nuclear doctrine, a 2014 coup, 2 minsk treaties promises broken and a missile provocation. You must have got a woke education.


I am all for innovation and progress, but  mindless cheer leading and completely ignoring glaring problems is very odious. Lots of that here. I get very suspicious of another motive when I see that.


Leaking metadata ? I am very disappointed with nostr. No effective DMs, no Groups, metadata leaks , not true decentralisation and centralised censoring. Simplex has all this fixed already. Nostr is reinventing the wheel with a worse wheel


That was Soviet Russia. That was not Russians. Non Russian, Bolshevik Jews from outside of Russia created Soviet Russia. They were financed by Jews on wall St and London. Mainly Jacob Schiff. Putin is a Christian Russian, he evicted the last remnants of Bolshevism. The wall St gang are back, coming for Russia via Khazaria. "Ukraine will be Israel 2.0" , said Zelensky. This is the Bolshevik Revolution 2.0


Thanks. Followed.


Russia history is atrocious, Russia gets invaded at least every 100 years by people wishing to steal the largest country in the world with the most resources. The Swedes, Napoleon, Hitler and now NATO is knocking on the door through Ukraine. That's atrocious. Of course they say Russia is atrocious as they try to decapitate Russia. "They cry out in pain as they strike Russia"!

I respond to you, not because I think I can change your mind, the MSM is a powerful drug, I respond to you to use you as a sounding board to set the record straight for other duped western patsies.


We have DMs with groups on Simplex. And hiding meta data is critical if you value security. Bill Binney, retired head of tech at the NSA, said meta data tells them almost all they need to know even if they can't read the actual messages. That's probably why most corporations will allow you to install Signal on your phone but will block Simplex installation. Signal is a meta data honeypot.

I am still pissed that nostr, that advertises itself as decentralised and censorship resistant, managed to slap a "sensitive" viewing ban on one of my posts, that not even I could read and then deleted my protestation !? FFS !! Highly suspect.

As it stands, Simplex may end up to be the solution


Every word truth !


Did the mainstream media tell you that ? And who owns that media ? You only get context from history and cross reference and you won't find either in the MSM. Find out who raped Russia in the 90s to the point that its citizens life expectancy dropped by 20 years and it was the fastest falling GDP in the world.

Look up Menetep bank and the rigging of auctions for the main russian resource companies to 7 oligarchs circa 1990. 7 oligarchs ! Who funded this ? Hint : the money came from London. I could go on. Putin rescued Russia and the Russian people know this and the west hates Putin for this to this day.

BTW this history is being scrubbed from the internet by AI. Like all inconvenient history is being scrubbed.


Those that own the control of and means to produce all the money in unilimted amounts also have the means to control all the media and all the govts. And these people want everything, including one global govt. "You will own nothing".  Russia and China, especially, stand in their way.

Bitcoin, is the antithesis to this. And I am constantly surprised how many so called bitcoiners dont understand this. Even so called OG bitcoiners.

Our only hope is to defund these fiat bankers and make them irrelevant and toothless with a money that bypasses them. It will happen , but will it happen before the fiat bankers cause the world to end in a nuclear conflagration ?


Yes. Know your history.

In 2008 the US army published this paper (below)developing their first strike nuclear doctrine. The doctrine is based on strategically placing missiles close enough that can be used to counter a nuclear response after the nuclear first strike is launched, thus defeating the enemy and surviving the response. This is precisely why NATO advanced east to the russian border, including planning to advance into  Ukraine,   and placed anti-missile missile batteries in Eastern Europe and other places. At the time they laughably said it was to counter attacks by Iran. This is precisely why Russia will not allow the west to strike Russia with long range missiles , because  Russia has no way of knowing and less than 5 minutes to find out if it is in fact a nuclear first strike. Its is like Russia placing nuclear missiles in Mexico, this will never be allowed by the USA. Never !

A dangerous game is being played here by insane people in the west. Certainly,  it will be the end of the world.

https://www.jstor.org/stable/48505016


Meshtastic p2p mesh radio network works like this. Every user radio device is automatically a node and a relay. The subnet size that each node can see is the range of the radio and the density of handsets in the range. Replicate that on the internet. Bittorrent essentially also works the same way, each client is a node and relay with the throughput (and also maybe the reach/domain  size?)being configurable.


What if most of the fedmints are spun up by the same entity ?


Nostr is rubbish. Censorship all over here. The dream of a censorship resistant , decentralised platform is dead here. No future. Worse than X. At least at X they're honest about their censorship.


That area of Ukraine is full of Russians. It used to be part of Russia. Odessa and Kharkov, and the rest,  were created by Russia. Those people were getting shelled daily by Ukraine Bandera Azov nazis. The Bandera nazis wanted the donbass resources.


Youve got it completely backwards. The west planned to used the Ukraine to install NATO missiles into Ukraine, train up an 800,000 man military  to batter Russia, divide Russia into 6 countries and steal the resources of Russia. Then onto steal China manufacturing. Russia pre-empted them and battered Ukraine.


Russia lost 25-35million people in WW2. The Bolsheviks alone murdered 65m Christian Russians.

Up your game


50 countries vs Russia and Russia is almost at the Dnieper. It will be at the Dnieper before Dec. Ukraine is on its 3rd army already. Zelensky still begging for arms and money, that's what losing looks like. If Ukraine was winning they would not have to seize people off the streets and force them to the front lines. I'll speak to you again in Dec. Sweet dreams.


Exactly. These shells are probably going to kill and maim kids. All good for business. This Johnson little boy calls himself a Christian.


Defend a govt installed by a coup that has banned elections and a president whose term has expired, by constitution.


Read Solzhenitsyn's "200 Years Together" the book that for years was not allowed by the west to be translated into English and is "the most banned book in modern human history". And see what's really going on today.

https://archive.org/details/TwoHundredYearsTogetherByAlexanderSolzhenitsyn


NATO expanded long before Putin.

Ukraine joined NATO's Partnership for Peace in 1994 and the NATO-Ukraine Commission in 1997, then agreed the NATO-Ukraine Action Plan in 2002 and entered into NATO's Intensified Dialogue program in 2005.

Over the course of the 1990s and early 2000s, NATO expanded three times: first to add the Czech Republic, Hungary and Poland; then seven more countries even farther east, including the former Soviet republics of Estonia, Latvia and Lithuania; and finally with Albania and Croatia in 2009.

During the early 2000s, President George W. Bush pushed for Ukraine to become a NATO member. France and Germany opposed it, fearing escalation with Russia.

Read some history


I agree. We maybe just need a toolset to be able to filter out spam, or what each individual may want to ignore ? I am not sure of a definitive approach here, but certainly most don't want to be inundated with literal nonsense as we've just experienced , en masse


This is massive. Within the past 10 days we came within a hair of being wiped out in a nuclear war. It turns out there was a de-facto coup with the military ordering Biden to stand down on authorising long range missile strikes from Ukraine into Russia. This , by the way, was precisely why Russia went to war with Ukraine, Russia could not allow nukes with a 5 minute flying time to Moscow to be deployed in Ukraine. Especially since the USA already has a first strike nuclear doctrine. Would the USA allow Russian nuclear missiles to be deployed to Mexico ?

https://www.zerohedge.com/geopolitical/american-coup


This is a global Bolshevik revolution, to make a global govt. China and Russia have to be taken, Ukraine was the battering ram to get into Russia, take it and break it into 6 countries, then onto take China. But its going belly up in Ukraine as they get hammered by Russia.


We are in the Bolshevik Revolution 2.0 This time the Trotskyites , retreaded as Neocons, have come back with tech to enslave us. "The first task of the communist revolution is to seize all private property", said Marx. The elites become the govt and they therefore will own everything, the poor have nothing, so the middle class must be destroyed and comprehensively looted into the poor class. They will own nothing. How do you do that ? Tokenize all their property, collateralize it , pull the rug to create a credit default and seize the collateral.

Recognise this for what it is


Tokenization will make YOUR assets more accessible to be seized as collateral in a credit default like a derivative collapse. Your house , your car, your policies, your stocked and bonds everything will be taken ! The laws have already been changed to facilitate this.

"You will own nothing".

Whose side are you on ?


Russia is the richest country in the world. It has maybe quadrillions of dollars of resources. Russia needs nobody else's resources. Russia straddles 11 timezones and is the pivot of Mackinder's World Heartland theory. Without controlling Russia you cannot control the world. Russia gets invaded or provoked into war at least every 100 years by people wanting to steal its resources and gain its strategic position. America has 700 military bases around the world, most are  surrounding Russia. Russia has one foreign military base, in Syria. A bankrupt west needs assets for the bombed out balance sheets. Russia has the assets.

You haven't read any history.


You are 100% correct. Duration matching is one problem, but excess loans without any matching is the  problem and bank failure , or the implied threat of failure by a bank run , is the solution IMO. No regulation, because that becomes regulatory capture, just caveat emptor. Learn the hard way!


Saylor makes this an industry. It's his business model. Nothing wrong until enough volatility wrecks you.


Saylor worries me. The investing graveyard is full of "to the moon assumptions". Nothing wrong with that if you're conservative and debt free , but when you pyramid borrowing and debt to speculate on such an assumption, I think the chances are that you almost certainly eventually go bust, hit by a volatile glitch.


There will always be credit/debt. It will arise spontaneously, not least in the manufacturing cycle, when goods are ordered but only paid for on completion of being manufactured. In the meantime costs and salaries must be paid. Credit notes arise and circulate as money to facilitate this. These notes used to be called Real Bills. They are settled for bitcoin or gold upon payment for the goods manufactured. The problem comes when the debt issued becomes unmoored from the settlement amount. Like in fractional reserve banking. I don't know how you solve this problem. I don't think you can.


Sure, scams are as guaranteed as the sun rising in the east. I should qualify that Aristotle referred to  a universal token of exchange of value or what we now call Sound Money.


anyone know how to dump this ReplyGuy irritant ?


Aristotle defined money a few thousand years ago and is pretty much common sense. Money is a commodity that must be :

Divisible, portable, durable, fungible, desireable, relatively scarce , not consumed by industry and maybe , lately , one or two other properties.

The commodity with the most properties of money becomes accepted as money.


The tech led,  commercial real estate decimation probably hit Trump.


Trump has only one goal for his presidency , to enrich himself. He doesn't give a fig for anyone else. "Warp speed , baby !". Trump makes me sick, as do the rest of the politicos.

Btw who's this Reply Guy grifter spamming the network ?


I'm waiting for the first hardware wallet supply chain attack. Will send shockwaves


LN costs are a function of bitcoin network costs, as we saw during the jegs frenzy. LN became unaffordable to the unbanked. Bitcoin network costs will keep rising as demand increases on a fixed commodity. Will LN make the grade ?


This is extremely important. For 500 years mercantile plunder of the resources rich developing countries was unstoppable. When the jackals were called in a frigate or aircraft carrier arrived off the coast and the dissenting country was bombed back to the stone age. Relatively cheap missile tech, available to almost everyone, puts a stop to this. Brave new world, indeed. Now the mercantilists go bust.


I have to send a written , hand signed, id imaged , request to unlock my bank  account, but I have to fax it !!! I literally cannot find a fax machine and can't be bothered with a software hack.

I think they're trying to tell me "you cannot unlock your acct" , without them actually saying it.

Btc self custody fixes this BS.


40 year bond bull has turned. No finessing it. Years , maybe decades bear or even collapse.


Finititude of life ? Energy is neither created or destroyed, we are energy. We are forever. Just try and be decent.


Reading, resting, thinking, listening, watching,  imagining , are those constraints ? Because whatever they are , they can bring great happiness.


In a geometrically expanding debt system where interest on debt owed on one loan must be paid from new debt, it is not possible to stop the debt expansion , except for some very temporaryy moments, unless you want to crater the economy. The choice is inflate to be moon ,and eventually hyperinflate,  or crater the economy.

Holding a debt free instrument like bitcoin, you just have to be patient. Wait and the value will come to you.

Gradually , then suddenly. We are far closer to suddenly than gradually.


Rust must certainly be better than the current bitcoin dev language C++ . Linus Torvalds, inventor of linux and with kernel development, he is using Rust ! Linus is a legendary stickler for simplicity, efficiency and accuracy and reckons C++ is a nightmare that he wouldn't a touch.


Well, well , well. Look familiar ? Bittorrent's bleep. It died , I think because the feds took over the bittorrent company and then killed off this idea. Probably too much if a threat ? There may be open source forks out there ?

"With BitTorrent Chat, there aren't any "usernames" per se. You don't login in the classic sense. Instead, your identity is a cryptographic key pair. To everyone on the BitTorrent Chat network at large, you ARE your public key. This means that, if you want, you can use Chat without telling anyone who you are. Two users only need to exchange each other's public keys to be able to chat. "

https://engineering.bittorrent.com/2013/12/19/update-on-bittorrent-chat/


Why can't torrents be used for social media ? We need intelligent clients using vast amounts of data moved around the network. The former is not the problem and torrents alread achieve the latter. Torrents also achieve storage redundancy giving resilience  and state.


I think this is correct. Everyone is a node/relay by default. Meshtastic meshnet radio works like this.

What about xmpp, bittorrent as base p2p network ? Proven for decades to be able to move tons of data. Bittorrent for years was more than 1/2 of all internet  traffic. Still huge


P2P can scale. Bittorrent. Massive.

Put the grunt work on the clients, let the relays/nodes just route and transfer the data.


I think his is correct. Everyone is a node/relay by default. Meshtastic meshnet radio works like this.

What about xmpp, bittorrent as base p2p network ? Proven for decades to be able to move tons of data. Bitrrorrent for years was more than 1/2 of all internet  traffic. Still huge


How do xmpp nodes/relays work?. That seems to have held up quite well for years maybe decades moving rich data.  I have wondered if xmpp should not be the  decentralized rich data base standard. Or bittorrent ? Bitorrent moves vast amounts of data. We have proven , distributed tech. Caveat :  I am no expert on this.


I like much of what Thatcher stood for, however, we should never forget that during her (and Reagan's) financial Big Bang they sold off many public utilities to their mates in Walls St and London, probably for pennies,  and their deregulations set the stage for derivatives to go ballistic. To the point that they are now a systemic risk.


In principle, unless we have central directories, relays that are run decentrally by anyone with an interest in securing the peer to peer network , should be good
 No ? I don't know the exact functionality of these relays. That functionality may be the problem.


All centralized media is now a waste of time. And extremely dangerous. We have to build the bittorrent/bitcoin of social media. I hope nostr is the start.


Starting a new , parallel market of economy, ideas, money, education and in the process defunding the current oligopoly IS the solution. Fighting a head to head war is the dumb option with no resolution except the deaths of billions.

Tim May knew :

https://theanarchistlibrary.org/library/timothy-c-may-crypto-anarchist-manifesto


How are relays different from nodes ? Bitcoin has nodes.


Social security is a huge Cantillon scam. The govt and their fascist cronyies on wall st get your money today at full value and give it back to you as inflated , devalued money sometime in the future. They throw you some bones from interest and investment returns, but the big returns go to Wall St. Anyone relying on Social Security when they retire is screwed.


AI , unless its a gas lighting tool(probably is), will by definition tend to the ordinary. It will become Average Man.


Mstr is a debt based leveraged btc position that makes the assumption that there is little or no risk. Margin calls are made for such assumptions. I hope it works out, we need it to work out.


I have had debates with people about no countries vs many countries. I am not quite sure which is best. One world govt also doesn't want many countries , just one. On the other hand divide and rule under one global govt requires many countries.


Amen


"Captured" can mean many things. For example the gold price is captured because the "spot" gold price has nothing to do with spot, it is a paper gold price and is the nearest month derivative price. If you can print unlimited fiat to sell short unlimited (often naked) derivatives then you have captured the price. You can spoof volumes and costs by using off chain trades that may or may not be settled on chain later. Wall st is a spoofing machine and a fractioning of assets(reserves) machine. Its practically all they do.

Which is why I am no fan of ETFs and other financial products based on bitcoin. But they will always exist so we need to get used to that.


Or he gets a margin call.....


The yen carry trade , where the lower yen rates vs the dollar were exploited by borrowing yen to buy higher yielding  treasuries and pocketing the difference almost risk free , has blown up. This was a huge source of profits for decades in the west, paid for by the productivity of the Japanese salaryman. The west tried to shore up their bombed out  balance sheet by seizing Russian resource assets, the richest in the world and then claiming back Chinese manufacturing industries, by war. Plunder and war and financial chicanery is all the west knows. And now its over,  the west has lost everything. The shithole will disappear under the waves.


Many bitcoiners are like idiot savants, genius at design and coding, but no clue how the world really works. So be it. We need these people.


"Confessions of an Economic Hitman" John Perkins

That's your answer.


Religion is that shared sense that gives the cohesion.( At a bitcoin conference there is another type of religion lol!) Why do you think the Bolsheviks and now the Ukrainian govt almost as the first order of business destroyed the churches ?


The EU and the USA , that want full financial transparancy '"for security", have stolen the interest earned from Russian forex that they have frozen and will soon also steal that.

Why would anyone sanr put any money in these jurisdictions ? They wont, and already sovereigns like Saudi are pulling their money out. The EU and USA are committing suicide. Good riddence.


Another protonmail leak to Eu authorities

https://restoreprivacy.com/protonmail-discloses-user-data-leading-to-arrest-in-spain/


Is proton the company that upon request gave EU prosecutors email data of their users ? If so, they can go to hell

https://www.reddit.com/r/collapse/comments/pjqs5b/anonymous_email_provider_protonmail_deanonymizes/


Cynicism is a valid protection mechanism gained through insightful  experience.


Don't have to be any expert in anything  to know that something stinks:

"So a 20yo,  loaded up a long gun, drove to a trump event, parked, carried the long gun, somehow found a ladder, all while evading 100 police and bystanders.  Climbed a mystery ladder, laid down on a white roof with dark clothes, bystanders yelled for help for minutes,  and somehow got off a few shots"


This.

Layer 1 is hard, sound , secure ,auditable, low attack surface money(see Aristotle's principles of sound money as the basis) All the whizz bang features go in higher layers.

 More features->more attack surface->less security


Vance cant be trusted. Foreign money to influence politics is the definition of treason. Vance is on the list, only Massie is not on list.

Rogues gallery :

https://trackaipac.com/us-senate


Those liabilities will all be funded , by a hyperinflated dollar. Youll get your entitlements but it will buy you a loaf of bread. The govt/banksters stole the money at today's value and will pay you at tomorrows value. Nice business if you can get it. Called the Cantilion effectc


What about fees ? When, not if, bitcoin fees go higher than the unbanked can afford, is this different ? Are these nostr txn fees somehow tied to bitcoin fees ? Because it was shocking to see non custodial LN freeze when  bitcoin  fees went through the roof.


The real estate market is tied to the bond/mortgage market. And as rates rise and bonds crash, real estate prices come down. When servicing the mortgages become unaffordable, buyers dry up and your property loses value even if you've fully paid off your house. The only time to profit from real estate is in the debt expansion cycle. The debt contraction phase kills property value. The last bond bull market lasted nearly 40 years, this contraction could last decades and this time the fiat currency will also collapse.


Hawala is neccesary in a gold based system, where transferring physical gold is a huge risk.  Portability and verification are the downfall of gold. Hawala gave birth to the goldsmiths and that gave birth to fractional reserve banking. And we've been debt slaves ever since.


The left(I don't even know what that means anymore), or socialists/communists are repulsed by bitcoin because they dont understand non-inflating, sound money. Or as Hayek said (paraphrase) "communists are communists because they dont understand sound economics "


The only thing we need to know about economics is that the rules must arise from the bottom up, not the top down. Decentralised from every man and woman making daily economic decisions for their own lives. That is the solution. Dont get confused by the myriad of bollocks words they use for the same top-down control. MMT, CBDC, communism, central banks etc is all different words for the same centrally controlled top-down slavery.


We have to defund the political process. We have to decentralise the control of the issue of money. Until we do this , voting won't help us. The owners of the infinite  money machine just buy up everything including the votes. What we are seeing everywhere is the effect of the ability to print infinite amounts of money by a small (hat) clique. This too will end.


Read "Confessions of an Economic Hitman". Egypt displays the classic symptoms. Install a puppet president, flood the country with loans(debt) to build useless infrastructure built by your own crooked corporations, the country eventually defaults on the debt repayments, the utitlies and resources are seized by the lenders as collateral, the crooked president flees the country to some mansion in Florida and a huge Swiss bank acct, he country collapses, the people are impoverished. Rinse and repeat. Isnt mercantilism wonderful.? The west was built on this type of plunder, it's now bust and collapsing. The east is rising.


Does anyone know where the quoted price of bitcoin is set ? Probably not. Does anyone know that the quoted  "spot" price of gold is a paper price, the nearest gold futures contract ? Very few know this. The gold price has essentially been a paper price for 500 years. Just saying.


Absolutely.

"Without morality our constitutional system cannot work" to paraphrase John Adams. Probably no social system can work without morality. The clue is in the word "social". All religions are premised on morality, except Satanism. Is the latter even a religion ?


My question was actually rhetorical

https://threema.ch/en/faq/server_location

What if a company called twoma offloads the data from threema servers as an offline process,  this wont show uo in threemas open source code and then threema does indeed store nothing. Point is I don't trust them


Threema has has servers ?


Open source is necessary but insufficient. There must also be no central servers. Only self hosted servers by the participants or at least the abity to do so.


The problem with open source, while being better than closed source is that there can be discontinuities on the back end that leak. So, for example, the messages my be end to end encrypted and secure when seen from the open sourced code, but asynchronously the server hosts may possess decryption keys.


Don't trust the Swiss. Protonmail is also open source and they have more han once turned over mail to EU prosecutors. They've just hosted a sham "peace meeting" for Ukraine without inviting Russia lol ! The Swiss are not to be trusted.


Brics and many others will actually end up  using bitcoin even if they don't say that they are. Point to point , permissionless, relatively frictionless transactions of bitcoin are too enticing to pass up on. $1trillion worth of bitcoin transactions per year already? Someone big is using bitcoin already without shouting about it. Bitcoin is still the surest bet I know of.


Even the head of Ukraine intelligence said Navalny died of natural causes. So there's that. Everyone has an agenda and they're milking this.


The danger is gaslighting the nodes that they need this and that malicious upgrade.  After all, mass media as a tool convinced 7bn people to lock down for a non-pandemic.  The biggest danger to bitcoin is constant upgrades that make the attack surface bigger and bigger until its so full of holes that bitcoin becomes useless.


Companies dumping bonds for bitcoin. I reckon all the banks, insurance and retirement funds are bust. Their bond "assets" are getting hammered. And this will continue. So, they're turning to bitcoin

https://www.zerohedge.com/crypto/healthcare-company-semler-soars-after-adopting-bitcoin-primary-treasury-asset


Moreover, Pompeo wanted to murder Assange. Trump is not coming to save anyone.


Stable coins end up inflating away the underlying dollars that the stablecoins track. Its fiat tracking fiat. Stablecoins are OK to use as currency as long as people realise theyre all going to zero.


Mints = trusted 3rd parties are security holes.

However, anything not truly decentralised, and bitcoin is the only truly decentralised coin, will have trusted security holes. These are called shitcoins and shitcoins will have a place  for buying coffee and groceries, as long as  the risks are understood and accepted. Just the way it's going to be. LN(non custodial wallets) will battle to compete IMO, under bitcoin fee pressure LN failed.


How about the USA starts manufacturing products competitively again and stops with the financial chicanery of funny money alchemy?. So sick of of these bunch of crooks engaged in the business of pulling the wool over eyes and running an extortion business. Run an honest trade for once ffs !


Just keep maintaining the car. Lasts forever. After all, there are hundreds of aircraft still flying after 50+ years. Just do the maintenance if you love the car.


Don't fret. Washington is like the bunker in the Reich Chancellory in March 1945. They are issuing decrees and moving around armies on the map that dont even exist. We are witnessing the final collapse.  Bitcoin will be fine.


"Who gets Access" is not the same question as "what is sound money".

There is a cost to decentralised security. Its one of the iron cast tradeoffs. If you want relatively low cost then lower your security.


Sound money is existential. It is a concept expounded and defined by Aristotle and that concept remains valid today. There is only one definition of sound money just as there is only one defn of Pythagoras Theorum.


The poster child of "everything to everyone coin" and unbrideled , go-go dev/upgrade is ETH. And ETH is an unholy spaghetti mess.  It is almost impossible to run a node, they had to change to POS, nobody seems to even know how many ETH are out there. Is this what we want bitcoin to become because we cannot focus on what bitcoin should be : sound money and only sound money ?


This is really important and perhaps not getting enough attention. The go-go devs and upgraders risk killing this project as the attack surface expands exponentially with each upgrade. Many may disagree, but nobody saw monkey jpegs coming out of taproot. The inherent tradeoffs don't seem to be fully appreciated. Decentralisation can't NEVER have the same max throughput as centralisation, it is impossible. Security is the tradeoff. We have to focus like a lazer on Sound Money. This is first , second and nth of what bitcoin must be. It will never be a point of sale commodity  payment rail because then it won't be sound money. I am hearing people complaining that bitcoin is not everything they want it to be, it will never be everything, we have to pick what it is and stick to it. Stick to sound money , that is the killer app that hasn't existed for 3000 years and that is what is missing today and chiefly why the world is in such a mess.


Send to "OG" and tether shill Max Keiser lol !


Efficiency of computing and decentralization are tradeoffs. Decentralisation is not efficient , never will be, it is secure and resilient to resist central control. This is why bitcoin will never have the throughput of centralised computing, all the nodes globally, ideally, must see and verify each transaction and there are finite limits to achieving this. When people try and disolve these physical limitations we end up with a shitcoin. In 15 years 100s of thousands of shitcoins have tried and failed to recobcile this yet we still waste time moping  about it. Centralise small payments , decentralise the base money and the big payments. Trade convenience for security, that the bottom line. Use both in its respective place.


"we just haven’t cracked building cryptocurrency payment rails without an (untrusted!) party being involved." And you probably never will. Because that is precisely what makes bitcoin such hard money. It's why everything else is shitcoins. The tradeoff always will be decentralization vs throughput. So, use the shitcoins for coffee money and use  bitcoins for auditable (!) base money, as an unimpeachable mark-to-market for the entire financial system. We have to stop this nonsense of trying to be all things to all people, we have tradeoffs , they will never go away, recognise this and build around it.  Stop the hand wringing already !


The yen carry trade , underwritten by the superhuman work ethic and productivity of the Japanese salaryman, has kept the west afloat for about 4 decades. That perpetual motion machines wheels are now falling off. The west's economies will sink without a trace.


The stupidist "cleverest guy in the world". All hype no substance


Has a central server. Is all that also open sourced ?


Xmrbtc getting hammered , long term. Market doesn't like monero vs bitcoin https://image.nostr.build/3ed53724b92be715c2a5d3fe792157db488cce164169c20731b4e7b4b8331eb3.jpg


All of what you say is true, except once you take the first inflation step the market never trusts you again. With money its all about trust. Its like tax, once introduced it never gets withdrawn and only gets worse. The market has voted , xmrbtc is plummeting over the long term. Bloated block chain also a factor ? .  Use monero as side-chain to spend privately. Imo


The real problem, even for the well meaning MMT advocates(Chartelists), is that they can actually finess the inflation and tax levers to accurately control the monetary system and the allocation of resources. The Austrian School's foundation argument is that it is impossible to accurately do economic calculation because each actor in the economy has a personal goal that cannot be  aggregated accurately. From that , ALL aggregated economic management is ultimately nonsense.


So, if monero is so good then it can be used as a privacy sidechain to btc, as can perhaps LN. Because , as it stands, xmrbtc is getting hammered. I don't think monero will ever have the first mover network effect, mining power and number of nodes. Also, I don't like tail emissions. Inflation is a distortion of price throughout the economy, leading to malinvestments and economic malaise. No thanks.


We need a publicly auditable blockchain. How much gold is in ft Knox ? The public is not allowed to know, the public is not allowed to audit it. For 3000 years we could never audit publicly the base money supply and the movements of the base money. This is the root of our big problems. The govt going beserk with a cartel of money producers because nobody really knows what they are up to.. We have public auditability of money now, for the first time in 3000 years,  and this is the big bitcoin breakthrough. We also need personal anonymity and we have that but that's largely up to the individual. The protocol is fine.


"it's not because we want evm style smart contracting, it's because we want bitcoin to actually work as money, and that means it needs both scale and privacy"

These are the only changes that are required. Make it work as sound money. The rest goes off-chain


Bitcoin is sound money. How do you price somebody out of sound money ? You can use money for any dumb purpose you want, all that happens is that you usually end up with no money.


"But devs want upgrade and innovate !" Now we have this unintended consequence because the attack surface got too big to manage.


Targeted killings "to exterminate amalek". According to Netanhyu. You should be concerned if a) you're Amalek or b) you are not Amalek

Which one are you , punk ?


The US govt is now going after all bitcoin users as being "money transmitters" which they say is only the domain of banks. They are terrified of bitcoin and if they were not going after bitcoin it would be seen as ineffective money. They wont make bitcoin Legal Tender ie. State approved money , because theyre terrified of it, but they will try and treat it as money to get rid of it. How ironic.


Let's all join handa and sing kumbaya !

The good engineers dont ask "how many ways can this bridge stay up?" They ask "how many ways can this bridge fall down!"


Law is wielded by those with the most guns. Take it from there.


Phoenix and the others leaving the USA is completely understandable. The US passing legislation to steal Russia's forex sends a signal that the USA is now a rogue state where no assets are safe. Nobody sane will invest under such conditions. The dollar will go to hell. Europe is going the same way. We are witnessing state suicide. Get out !


Threatening people to give money is called an extortion racket. Give voluntarily.


It is called The Great Taking

https://m.youtube.com/watch?v=1GHXe0PbNG4

Tokenization - you'll own nothing.

Here is the detailed explantion of the mechanics of this, even for paid off property. How the collateralization laws have been changed , who the new benfactors are(central and investment  banks) , what will trigger this (a $quadrillion derivatives crash, that coming as sure as the sun rises). He does give a nod to the tradeability of these tokens as having some virtue *while the going is good*, but that's just a caveat, probably to stay on youtube lol !

The most interesting part of this is that nobody seems to care. This guy should have millions of viewers, he hasnt even got 1 thousand.

https://m.youtube.com/watch?v=nQhGSchqlvE&pp=ygUfdG9rZW5pemF0aW9uIHlvdSdsbCBvd24gbm90aGluZw%3D%3D


The problem is not bitcoin, the problem is that the non custodial lightning network becomes too expensive for everyone, especially for the unbanked . Certainly the wallets that use submarine swaps


When does this "you'll own nothing" event happen ? When the $quadrillions derivatives markets collapse. Either under their own weight or they get pulled. Probably the latter. They are still getting their ducks in a row, building their blockchains(SQL databases) , tokenizing(centralizing) all assets and changing the collateral laws so that the banks are first in line(and you're not in the line) to get the collateral. People's heads will spin when they realise what happened.

Not your keys , not your bitcoins.


Who stores your physical gold when you hold the block chain token ? Just asking....lol ! Larry "ratfink" Fink wants to tokenize ALL physical assets, including your house. "Must be a good deal!" Its coming and You Will Own Nothing(TM). People are asleep


Austrian School missed the bitcoin bus , badly. The incorrect "Regression Theorum" bamboozled them into thinking bitcoin could not be money because it didnt have "intrinsic value" or value as a commodity before it became money. What a shame. Some of them have been waiting since the 1970s for gold to go to the moon.


Instead , as it stands, the private bankers issue money(debt) to oppress


Holywood is a big part of the problem. Wall to wall mind fuck. Woke crap from start to finish.  Cant watch more than 5 mins.


Patience. The USD is going to zero, it is already inflating away savings at a greater rate than the official cpi. Tether is the USD and related treasuries proxy.


Its a bit worrying that a so called bitcoin OG(lol!) has not got the first clue about  the cause,  effects and history of geopolitics. Is he also confused about the defn of money ? Sometimes techies can just tech.


Sometimes developers might be genius at tech but dont have a cooking clue about money, history, philosophy and economics iow money. In fact , I think thats a rule. Techies like everyone , need to remain humble.


Bitcoin is sound money. It is not some app. No other software is sound money. Sound money doesnt change


Are Aristotles properties of sound money cast in stone ? I suggest that they are. Its like a math definition, its ossified. The only changes I would support are to make bitcoin conform more to sound money than it might not already be. The rest can go into the layers.


Credit notes will always spontaneously arise and will be traded as currency
Always !!! Why ? Because in the supply chain, for example, manufacturers may not get paid until their goods are completed and in the meantime they need to pay wholesalers and wages. They will raise notes and this will be used as currency until their finished goods are settled for bitcoin. This has been known since before Adam Smith. These notes were called Real Bills and were settled for gold.


I dont think many appreciate this. Centralised price discovery is the goal of Wall St, for everything. Thats why Larry Fink said "we want to tokenise everything". When you tokenise everything, you de-materialise everything and centralise everything and then it can be diluted or pledged as collateral in a fungible blob by the usury sharks. The gold price quoted on every media outlet is the nearest derivative(paper) price. Even gold bullion dealers use this price. If bitcoin loses its decentralised price discovery(some say its already lost) then we are on the road to bitcoin becoming irrelevant.


SCIENTISM cheap shots #1025.


"Haven't explained yet". Ah , the old saw that "science can prove everything, it just needs enough time". Godel proved(proved) that *everything* can never be explained. Never.


Godels Incompleteness Theorum blew up the notion that science could eventually providing all the answers. He proved that this can never happen. So, where do all the atheists go after that(most worshippers of SCIENTISM have ironically never heard of Godel) ?  At this point you have to move into the realm of belief or faith. If you believe in Intelligent Design by looking around you at nature, that seems to defy entropy if even locally, then statistics backs that up , pure chance can never make all of this. Darwin has a Cambrian Explosion problem as well as "something coming from nothing" problem. God is looking more and more plausible.
As nobel physicist Joseph Hoot Taylor says(paraphrase), "science does not contradict God , it reveals God"


Nato can no supply ukraine with sufficient arms or troops. No 155mm shells, no capwblr air defense, no capable aircraft, no capable  tanks, no answer to hypersonic weapons, no jdams. Nato is a MIC money laundering talking shop, thats why countries join. Russia and Ukraine had a peace plan in Turkey signed and on the table in March 2022 and Nato told them to take it off and continue fighting. The west is hopelessly bankrupt. Nato will not survive this excursion.


Minsk treaties skulduggery admitted by Merkle, Hollande, and others. "Nato not one inch east"-James Baker circa 1990. 2014 coup "fuck the EU"-Nuland. Read some history. Get a clue ffs !


It's not the govts who want to accumulate btc, it's the private central bankers, just like they accumulated most all of the gold and then created a paper gold market in which  they manipulate and set the price. I submit that is the real reason for the ETFs.


Are adverts real , do adverts drive consumption ?


There are some shitcoins that can and will function as currency. You save on the bitcoin blockchain, and use the bitcoin blockchain for big transfers , institutional transfers and base money and use the shitcoins as currency, private or otherwise. I am not seeing the purpose of the Lightning Network anymore.


Lightning network failed the test.


garyj

bitcoin and decentralisation is our lifeline


Here's what the money printer does:

1. Creates a paper bitcoin via non-spot ETFs and other products
2. Makes the paper bitcoin price the ruling price, broadcast that price on all the media. They do this with gold, the ruling price is not the spot price, it is the nearest futures derivative price(paper)
3. Prints infinite money and shorts the paper bitcoin or shorts the real bitcoin or both , or  just oversupplies the paper bitcoin. The money and the paper bitcoin is infinite.

Job done. People cheering paper bitcoin are in for a traumatic awakening


When the money printer has INFINITELY deep pockets to INFINTELY short any paper market, including bitcoin ETF paper markets into dust, there are no free markets . What don't people understand about this !?


All paper bitcoin. Wall st hates bitcoin. Why would a fiat ponzi not want to utterly destroy bitcoin, the biggest threat to the ponzi ever invented ?  Wall st has more ways than sundays of rehypothecating the hell out of bitcoin. The bitcoin maxis are so naive.


or to put it another way, the definition of sound money is that it has no diminishing marginal utility. Whereas fiat does.


The boeing mess is just one symptom of an entire compromised economy(world) Why?  Because interest rates were held too low for too long by the banking cartel and it became cheaper for managment to borrow and buy back stock and cash out options and reap than to invest in great engineers and plant and organically grow the business. The banking ponzi cancer extends right through the economy and into govt. It will now collapse and leave us all in great pain. The banking cartel is the source of this problem. The banker tail is wagging the govt dog. The best democracy money can buy.

Decentralize finance, get the govt and the bankers , as they stand, out of the way.


Keep Wall St out of finance.


"The bitcoin blockchaim can be anything , let the free market decide !" No it won't. The bitcoin blockchain will be sound money , it is designed and protected for this purpose alone,  the free market has no say in that. Graffitti, games, poems and other forms of art and literature can go somewhere else.


Bitcoin is under attack by money printers with infinitely deep pockets. There is no free market, this wont be resolved by passively waiting for the free market. It will be resolved by active consensus by the hard money  actors in the bitcoin network.   Don't give the vandals access to a spray can to destroy the bitcoin work of art. Filter the spam like we filter dust and other clutter , this is a  hard money transaction system of record, not a jpeg spam system of record.


Tax is surveillance and data collection. The money printer finances the govt, tax is the control system.

As the debt based financial system collapses, the source of their control and power collapses. Bitcoin as sound money is a direct threat to this system. They will attack bitcoin mercilessly. Get ordinals out of the blockchain , ordinals are not money , ordinals is an attack.


Unless it's a malicuous attack....


Bitcoin is hard money. Monkey jpegs have nothing to do with hard money.  If you don't filter jpegs out at least filter ONLY hard money in.

Disappointed in Blockstream, they say there's no way to stop this. If that's the case we'd all better pack up and go home. Talking their books perhaps ?


Dollar is "failing upwards". That's the basis of all this. The last gasp of the reserve currency as sovereigns etc scramble to find dollars to pay dollar loans that now require more dollars to service as rates rise. Oil rising is due to price caps which always end in shortages and price rises. Real rates are (temporarily) rising putting headwinds on gold and bitcoin. End of empire playing out as advertised.


Baseload large nuclear reactors are being shutdown. De-industrialization for the Great Reset but small reactors to power the surveillance state.


Gresham's Law will persist until hyperinflation crushes it. Position accordingly.


Attack surface !!! Every tinker risks widening the attack surface in ways that can be bewildering.


This is a fantastic enterprise ! Great work ! The main problem standing in the way of  bitcoin's mass adoption is Gresham's Law. These shack dwellers in south Africa are getting a cynical fiat cash handout each month called SASSA. I fear that is priming them to be CBDC slaves. The problem is , if offered fiat printed handouts the hungry  masses will beg for it.


Ossify the base layer. It's a feature for base money. Extensibility in the upper layers.