Looking at the previous yearly movements (assuming this random website I found is accurate at all) the peaks are very revealing.
I've heard two things:
1. The pumps are dampening.
2. The FTX etc. fiasco outright killed the last bull.
If it is dampening, it looks pretty bleak for next year (doesn't feel like it)
If the FTX thing is true, those green bars are a marvel to look at. 🤤
I ain't no influencor or certified anything, but this was too feel good not to share. GN
https://image.nostr.build/392dce8566a3f3e24e0970cbe7d6f63f75a8a0080e7a2f7502fee2f380fe36e0.png
Good to know. Thanks 🤗
nostr:nevent1qqsdl4fwuztd3sqn936cwdh4mss3tw9s9nyveqprnyx0vwaeusdnyzcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygrceeh65u3xgwrjsnny0wnf8zv4wd0v3374ckn9wdl92yc0qf3s05psgqqqqqqsau4g5f
Plebs must do it for themselves.
There are people dismissing Bitcoin in the poor class, in the middle class and the upper class.
There are people gambling in all classes and there are people learning and applying themselves in all too.
Bitcoin isn't a get rich quick scheme, unfortunately that is what it will seem like to everyone else but the studies will get it.
Bitcoin incentivises you to learn how to live beneath your means, improve your situation, it motivates you to save.
It does this because you finally have access to something you can save in, that isn't guarded by red tape requiring you to have a stable salary, that has a logical reason to keep its value and you understand why your money today sucks.
The wealthy will get more wealthy, but the poor can lift themselves past those who gamble and ignore.
This is the same for everything. If there are no schools near or accepting, how can this person expect to educate their child.
Opportunities must arrise and people must take those opportunities. You don't know what you don't know so it is indeed hard for people with limited access to knowledge and resources to progress.
Some will never see opportunity, which is unfortunate and some will never take opportunity, but it doesn't mean bitcoin is not for them.
Even without them discovering bitcoin, the economy will get better as more people invest in and then use bitcoin, as they deprogram themselves from the free money ideologies they have and as people become more charitable because of it.
Time is a silent killer for people today, but over time, the benefits outweigh the individual benefits.
What is intrinsic value, what has it, and why is it something you care about exactly? Does the dollar have it? Is the dollar speculative? If not, is anything else not speculative? Was it well known that covid was going to cause massive inflation? What non speculative asset do you save with to avoid going down with the ship? Do you think your government officials are going down with the ship also?
According to nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpz4mhxue69uhkummnw3ex2mrfw3jhxtn0wfnszynhwden5te0wahhgtn4w3ux7tn0dejszxthwden5te0wdjkuerfwshxummnvekxzun99e3k7mgrcp7e2 Bitcoin doesn't fix this, we are living this. Haven't read it myself yet.
Like most things, start small and build your confidence. If you have the ability to convert from yen to another currency and pay with that (e.g. neo banks), then consider seeing if you can trade outside Japan.
I noticed that everyone has their weird excuse to dismiss bitcoin:
Crypto - "I love bitcoin, I save in it, but it isn't something something future something blockchain"
Investor- "I hold bitcoin, but it is in my small speculative pot, I prefer things that pay dividends, like stocks and real estate so I don't need to sell"
Side note:
Can't wait for investors to lose their lunch actually, because that mentality is them saying they want to abuse the system and bleed money without producing value. They are right because if they don't do it, someone else will, which is why when they lose their lunch, they join us.
I feel like the ring trick would amaze the crypto folk 10000000 times more than the average Joe. They seem to be the type to just lap this shit up.
We are too, but we have limits. I just love how we can keep our sense of wonder while in just 5 minutes, merchants are like, "thanks for payment, next!"
People shouldn't have this kind of reaction: rising up or curling into a ball, for a result of a vote. Especially one for a two party corrupt either way system.
If the votes were proven to be rigged, sure. If a war were started or even instigated or fuelled, sure, but not this. This, whether you like it or not, was the result of democracy. It is what a large percentage of your fellow citizens wanted.
This is the result of so much divide and extreme belittling between parties.
Curious on people's thoughts on this.
I was thinking about multisig vs single sig and I think I came to the conclusion that multisig protects best against THEFT and not necessarily LOSS.
Let me explain.
If you are considering single sig vs multi sig, consider if you think you are more prone to losing things or if you are more likely to be robbed or targeted.
If you are more prone to losing things, then you are probably also more likely to lose 2 things before you realise you lost anything.
You also burden yourself with finding multiple safe spaces, ideally geographically disperse. Either you don't disperse them well enough and a house fire destroys 2 of 3 keys, or you do, but it is difficult to monitor them and they are MORE prone to losses without your knowledge.
This has always bugged me about multisig, this idea that we just turn one problem into three (or two in case of collaborative custody)
If you are worried more about theft or being targeted, then multisig has a meaningful benefit.
Why might theft be an issue?
- Maybe you insist on a digital key (hot)
- Maybe you are a public figure
- Maybe you live in a bad neighborhood
This doesn't guarantee protection against a $5 wrench attack, but if you have to travel across town with a gun to your back to spend the funds, maybe they'll move on considering it a waste of their time and maybe that leads to more deadly outcomes, but we'll ignore that.
I'm thinking more along the lines of a digital data leak or a home invasion while you are away.
In this case, if you used a single key, your funds are gone. At best you and the attacker are racing or raising fees, just to prevent the other from getting the money.
In a multi sig setup, assuming you are not loss prone and are likely to learn of a copied or stolen key in a reasonable time, you know how to get to 2 keys to recover the funds quickly while the attacker is still looking for another valid key.
If you use collaborative custody, chances are that there are identity checks or time constraints for the attacker and you still have 2 keys to immediately recover.
At the very worst, a sophisticated attacker might steal one key to trigger you to start recovery and then follow you and $5 wrench attack you once they have all the pieces. But this starts to reach into the what if category. Well, you basically have to be a VIP public figure or a dick who boasts about their wealth most likely and also not have hired security.
I'm curious if I hit the nail on the head here or if you have a different opinion. Let me know.
#asknostr
If you haven't had a look at SEEDXOR, definitely do. It allows you to take an existing key and turn it into 2, 3, 4, 10 if you want.
You just generate 9 new keys (for 10, just to be extra here) and combine them, and then combine them with the real key. That will give you the 11th key and you can safely discard of the real key and geo disperse the 10 keys.
Okay, don't do 10 remaining keys.
Yeah, multisig offers the ability to spread trust across multiple hww, but conversely, it kind of mandates it too. If you are gonna use a single device, with MAYBE the exception of seed signers.
If you were gonna do it all on one device, then what's the pojnt of it? You're bringing the keys into one place, and even if not, you're bringing the keys onto one device.
The main benefit to seedxor for me is that you never lose entropy, or better said, the entropy is only ever as low as the lowest entropy key.
As an example, if I have a random key and xor it wjth 11111.... then if you find the random key, then you are way more than half way there. Conversely if all keys are properly generated, then even if you have 2 of 3 of the 128bit keys, you still are 0% of the way to finding the final answer.
Get me? Like if you have a 256bit 24 word phrase, and split it into 2, 12, and I find the first 12 words, I'm half way there. I only need to brute force 128bits.
If you have 3 128 bit keys, and you find 1 of them, you have nothing, you still need to brute 128 bits... if you find 2 of 3, same, brute 128 bits. If you had 0, brute 128 bits.
Plus each key is valid, checksum and all. So you never even have any clue how many parts there are.
GM. I just learned how surveilled Reddit is.
I regularly use a VPN, and Librewolf, but I still had a bit of a senior moment.
I wanted to ask /r/Bitcoin an innocent question but didn't want that question associated with my main account for privacy reasons, giving personal-ish info about myself, so I logged out and created a throwaway account.
I didn't go incognito or clear cookies, and I don't know how well that would protect me or not.
After creating my post, I saw my account get permabanned. Not sure why, it wasn't anything against the rules AFAIK, but they said it was.
A few days later, my main account is temporarily banned for circumventing a ban on reddit. I asked why I was banned, what other account and the mods told me that Reddit doesn't tell them which account, but that if I told them, they'd un-ban it so that I wouldn't be banned on my main account. Also that without the temp ban, I was already shadow banned for circumventing a ban on another account.
Before I could reply again, Reddit did a 7 day site ban, so I can't even DM anymore.
I found an appeal form and told them I use VPN and a privacy Brpwser and that it must be a mistake, and got a message that my appeal was denied. I tried to play the plausible deniability card.
Do thet really know? Damn.
I mostly used Reddit on /r/bitcoin exclusively to answer noob questions, esp. About how things worked, what Lightning is, that sort of thing.
I think they lost a good account and I have had my eyes open a little bit more. I don't know exactly what data they linking two accounts, but if they have conclusive evidence despite my setup, it must be through cookies, maybe timing analysis, but then I should have been given the benefit of the doubt.
Either way, anon accounts are not safe on Reddit. They have a surveillance tool behind it looking for links between accounts. Be warned that Reddit ACTIVELY monitors your activity and good bye Reddit. 👋
GM #NOSTR.
A previous account I used was blocked for "suspicious logins" which was "for my protection".
I suspect that it was purely due to me beginning to use VPN and switching locations often.
Anyway, I couldn't recover the account because I had to associate an email to recover... I know I can use a throwaway, but I just never wanted to associate any email. I loved that you can use a simple username and password.
That account is now in the graveyard along with my latest account.
I left twitter a while ago too. Reddit had people in need that I could help, twitter just had trolls mostly.
I am now NOSTR only and Reddit lurker, but I let's see, every now and then I start to reply and then remember that I'm banned so I may end up abandoning it all together to avoid that negative feeling.
I never gave Stacker News enough attention. Maybe I'll see how that has evolved.
Sensible web browsing.
In all seriousness, macs are pretty good at keeping itself safe, but consider backup services or tools for important documents, notes and photos like OneDrive or iCloud or whatever.
Antiviruses are basically viruses. They hog all the computer resources, make it slow and pop up ads to upsell you and overall get in your way more than anything.
They won't stop or protect you from things like ransomware but backups do.
Just saw that you said your computer was being slow.
1. Jot down all the programs you have installed that you care about.
2. Backup important files but sacrifice folders like the download folder, the desktop and other dumping grounds.
3. System restore: https://support.apple.com/en-gb/guide/mac-help/mh27903/mac
Note that you may want to follow one of the links in the important section at the beginning based on your mac model.
4. Re install apps as you see fit from your notes.
5. Restore your files.
This can be a theraputic thing for many people and anything you lose that you forgot about is likely something you can rebuild. In many cases, you may decide you didn't need it anyway.
Oh shit, he really lost it all/most of/a lot of his bitcoin?!
I thought he was a real one. And at such an age, I would think he wasn't gonna take risks, and he fucking knew the "asymmetric upside" geez!
IMO he got very repetetive very quickly. He was fun to listen to for a bit but then he got annoying.
Didn't dislike the guy, just didn't think he ever had anything new to say.
Lol. Except the part about no one asking for ID because everyone is still asking for your ID as you log in to all your services. Windscribe can't solve that magically for you, you gotta solve it yourself.
If I understand this right, Alice and Carol start by swapping their respective currencies fpr ecash. So we have eBtc and eDollars for example.
Exchanges are just mints now? Maybe they make money exclusively on the swap ins and swap outs.
HTLC_c (c for Carol) is a {hash or time} locked so if Carol provides a hash, she can claim it, or if time expires Alice can reclaim it. It is ecash for one side of the trade (e.g. eBtc)
HTLC_a (a for Alice) is the opposite for Alice to claim after a successful trade. It is the other ecash (eDollar)
Details unknown but I'll wait 'till you win the hackathon:
- Uncertain how both Alice and Carol could know the same H: Is it public? Is it on HTLC_c?
- Assuming that verifying a HTLC means checking the signature against the mint's pubkeys.
- Uncertain what subscribing to an HTLC is, but we trust/require the mint to follow a protocol of publishing state changes and preimages. But in the case of a bug or downtime, wouldn't this break atomicity?
If it is atomic and trustless, then hot damn, there are no disputes!!! Only disputes land squarely with the mint to honour swaps.
Just got banned on Reddit... because they think I am circumventing a ban on another account when in fact I just use VPN and privacy browsers.
Fuck reddit.
Exposing and arresting big pharma would be a huge signal that would be impossible to ignore and that might shock a whole lotta people into thinking better.
I could only dream if government agencies that targeted the masses with exaggerated misinformation in order to take control of the narrative were also exposed and publicly arrested.
Imagine.
Wow. You think he'll do it?
nostr:nevent1qqsft37cquuu3grfr7d6hekl05q4l96h8yulufvtlkh38zlj3rxz8yqpzdmhxue69uhhwmm59e6hg7r09ehkuef0qgsqm9a74et8lnkfcet578rw7cfxa2tf6jvjcvvcu5wqltzjc5n559qrqsqqqqqpmzq0el
nostr:nevent1qqsrlza2ccnkpmec6d7956m95kn3r98wmwff0hpjg3l44dwudcmcc7spz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg9xyg77x782tk4dq4thhp7fcpld5sd3wxczgedxue8e7s6k73sztvpsgqqqqqqsfr0znz
Exposing and arresting big pharma would be a huge signal that would be impossible to ignore and that might shock a whole lotta people into thinking better.
I could only dream if government agencies that targeted the masses with exaggerated misinformation in order to take control of the narrative were also exposed and publicly arrested.
Imagine.
How your perception of world events have changed...
Almost all my normie friends, colleagues and family are anti-trump. They seem to be emotionally committed to that opinion too even though he mostly doesn't affect them in the UK and Europe.
Curious to see how aligned/misaligned my perception of his progress and world events differs with others this next few years. Also curious if bitcoin social becomes more complaining or celebratory of Trump's actions in power.
Amass more energy than you ever could imagine and reverse time. You'll need the 5 stones of creation and a gauntlet made by a massive midget in space.
Good luck.
I wonder what nostr:nprofile1qqst5teefqektpr4aytgpwyclxlq78v9q9nvd2pem0sgf5pxdttwyzspzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtcppemhxue69uhkummn9ekx7mp0qyfhwumn8ghj7ur4wfcxcetsv9njuetn9u4qf5yj uses since he saw one of my edit proposals and even liked it but I don't think he applied it.
nostr:nevent1qqstjvqe7cyvz4u00w78mn0vugs28ekzhhz63kg4ja5870khfxcz2nqpz4mhxue69uhhyetvv9ujumn0wd68ytnzvuhsyg969uu5svm9s367j95qhzv0n0s0rkzszekx4quahcyy6qnx44hzpgpsgqqqqqqssemtqc
Oddbean new post about login | logout
Notes by Big Barry Bitcoin | export
If I understand this right, Alice and Carol start by swapping their respective currencies fpr ecash. So we have eBtc and eDollars for example. Exchanges are just mints now? Maybe they make money exclusively on the swap ins and swap outs. HTLC_c (c for Carol) is a {hash or time} locked so if Carol provides a hash, she can claim it, or if time expires Alice can reclaim it. It is ecash for one side of the trade (e.g. eBtc) HTLC_a (a for Alice) is the opposite for Alice to claim after a successful trade. It is the other ecash (eDollar) Details unknown but I'll wait 'till you win the hackathon: - Uncertain how both Alice and Carol could know the same H: Is it public? Is it on HTLC_c? - Assuming that verifying a HTLC means checking the signature against the mint's pubkeys. - Uncertain what subscribing to an HTLC is, but we trust/require the mint to follow a protocol of publishing state changes and preimages. But in the case of a bug or downtime, wouldn't this break atomicity? If it is atomic and trustless, then hot damn, there are no disputes!!! Only disputes land squarely with the mint to honour swaps.