Oddbean new post about | logout

Notes by Hedraios | export

 "All is chaos where there is deceit in the unit of measurement."

- Cassiodorus, a Christian Roman statesman, a renowned scholar and writer who served with Theodoric the Great in the 5th century. 

#Bitcoin
#Plebchain
https://m.primal.net/LtXH.jpg
https://m.primal.net/LtXI.jpg 
 #Bitcoin tells the truth. 

That's worth something. 
 Bro what if we never bought bitcoin? 

Do you know how fucked we’d all be? 
 Yeah, I think about this! And then feel so incredibly fortunate/lucky/blessed that I found #Bitcoin (or Bitcoin found me).

At just the right time.  Feels surreal. 
 Anyone else feel relief when #Bitcoin dips, but nervous and unsettled when it pumps? 
 #Bitcoin gave me an increased understanding of ownership.  I'd not given property rights much serious thought until Bitcoin. 

#Plebchain 
 This was a wide-ranging and really fun conversation with nostr:npub1gfxgylgst4lcemkjth6xdvcvq7le8... 
 Thanks for sharing your insights on volatility, liquidity, prices, risk, optimism, age of legends...and especially your mention of your one core belief 
 How is it that after all this time people still dont understand that owning #Bitcoin doesn’t me... 
 Part of my delight for the #Bitcoin rabbit hole is all the paradigm shifting realizations that keep popping up. 
 I plan on getting a solar #Meshtastic node up and running for my area.

I don't have anyone to talk to on it just yet, but I like the idea of contributing to a local mesh communication network 
 I enjoy thinking about #Bitcoin 
 I 🧡 #Bitcoin 
 ‼️ Buy Bitcoin as if your life depended on it...

Because it does, 

We’ve just been blesse... 
 I am continually impressed with your prolific posting 

Blasting signal through the noise 💪 
 To all of you screaming $MSTR  from the rooftops. There’s an important lesson here: 👇 

nost... 
 This is one of my favorite dergigi pieces 
 GM,

This morning I am just reflecting on how profound the internet is.

Much of my of my life an... 
 I think it provides the advantages of division of labor, but in the information realm instead of the physical realm. 
 I. Want. Control. Of. My. Money.

#Bitcoin
#Plebchain 
 All it takes is a good hurricane (and the loss of power, cell service, and WiFi ) to highlight the use case for #Meshtastic 
 I'm hooked on #Meshtastic already.

Can't wait to get my next radios and learn more about all the quirks and settings!

Looking forward to contributing to/creating to the mesh network infrastructure in my area... 
 Day two as a #Meshtastic user!  

Love these little guys (Heltec V3)

Question for other users:

1) What is the significance of the lock icon next to each node in the node list?   (I notice that some are yellow/unlocked, and others are green/locked.)

My clients seemed to be set to green/locked by default, while most others are yellow/unlocked.

How do I change that setting, and why might I want to?

2) Also, if I broadcast a message in the default primary  "Channel 0",  who can see it?  Is it a public channel for any clients in hop range?    What is the significance of setting that channel's encryption setting to "empty" instead of "default"?



https://m.primal.net/LPpr.jpg 
 Awesome, thanks! 
 Ordered my first mesh toys to play with...


#meshtastic
#LoRa
#plebchain

https://m.primal.net/LMQh.png  
 Buy the Heltec V3s; they are $25 or so a pop, which is a pretty cheap entry point.  Get a two pack from Amazon that includes a little plastic case and an antenna;  just adds a little durability when you're playing around with them.

I needed to dig up a *data-capable* USB-C cable to connect the devices to my computer to update the software (firmware) before using them.

You'll likely need to follow directions such as the ones at Meshtastic's website. Some things were l not self-explanatory to me.

Part of the fun is that it's a little technical, so if you like figuring stuff out, you'll enjoy it. 

There's something delightful about transmitting your first message and seeing it pop up on the other device while knowing it's on your own self-created mesh network.  

Is also fun to see what nodes/coverage pop up near by. Depending on your context, it may be just you, or 20 others.

Was helpful for me to just ChatGPT for specific instructions.  There will be no instructions with the product; so either you read Meshtastic website's helpful walkthroughs, or just ask ChatGPT specific questions about settings and terms when you encounter them. 
 #Nostr is great because it just lets people talk.

#Plebchain 
 Ha, spot on 
 What are the chances that #Bitcoin would be discovered and mature at just the right time to offer sanctuary from the imminent fiat collapse?

It could have happened some other way. Or not at all.  But here we are, with a life raft that protects those most interested in honesty and integrity.

It's surreal.

Worth thinking on.

Reminds me of how radar was catalyzed into existence by the newborn threat of aerial attack.("Chain Home" & The Battle of Britain...)

#Plebchain 
 I admire #Bitcoin. 
 Governments are inherently inflationary.

#Bitcoin
#Plebchain 
 Whatever is true, whatever is noble, whatever is right, whatever is pure, whatever is lovely, whatever is admirable—if anything is excellent or praiseworthy—think about such things. 
 https://ashigaru.rs/

"The Ashigaru Open Source Project was established in the months after the United States Department of Justice brought charges against the founders of the self custodial Bitcoin application, Samourai Wallet. At the time of arrest, multiple servers that hosted documentation, code repositories and message coordination services were either seized or failed to remain online, presumably due to being no longer administered. With the indicted individuals placed under restrictive conditions on bail, it became clear that all software development had ceased.

Aims and Goals

We believe anyone should be able to engage in peaceful, voluntary and private commerce on the internet without tracking, surveillance or censorship. The Ashigaru Open Source Project develops, releases and maintains free and open source software that makes extensive use of both published code from active projects as well as those archived in the public domain.

Open, unrestricted communication networks are utilized to ensure continued availability. The software released by the project will always have a low barrier to entry, be non discriminatory, never expose users to counterparty risk and provide as much protection as possible for those transacting on a public blockchain." https://image.nostr.build/91b990a278bd6635a843ca5858ddf5d83c3691bdfdba6fac7cd95c910d4b1449.jpg  
 If you don't have Alby Hub yet... why?
---------------
(we're honestly looking for answers here) ... 
 I don't know what it is (yet?) 
 What even is #Bitcoin, and why is it changing my life? 
 I had predicted that all major clients would implement the outbox model by the end of 2024. The c... 
 Derek, could you briefly describe what the outbox model is? 
 Digital scarcity didn't exist before 2009. 
 Rare disagree.

Most Asinine™️?

I don't value this particular take.

Are we really going to say that people don't mine bitcoin?

The analogy is helpful and  *good enough* for common usage, though perhaps not in technicality....

I mean, True or False:  "Bitcoin miners mine Bitcoin using a Bitcoin mining rig."

GOTCHA! TECHNICALLY ITS FALSE! A BITCOIN MINER DOESNT MINE WITH HIS MINER.  WHAT R U, THE MOST ASININE? SATS ARE ISSUED WHEN NEW BOOCKS ARE CREATED. 
 What aspects do you enjoy most about your favorite sci fi or fantasy novels? Obviously it’s a m... 
 Kelsier burned pewter 💪 
 "Using the Past to See into the Future" - Historical precedent previews the failure of USD.  Make sound money your economic bunker.

https://dailyreckoning.com/fiat-currency/

#Bitcoin
#Plebchain 
 Big ideas to wrestle with in the book, "The Decline of Mercy in Public Life": 

Mercy's marginalization results from an intricate series of events, including the rise of equality and democracy and the corresponding decline of monarchy, as well as the loss of belief in the reality of incarnation and atonement that within western Christianity had helped solve the mercy paradox...
https://m.primal.net/KgfU.jpg
https://m.primal.net/KgfV.jpg 
 From the medieval era:  Nicholas Oresme, on the parasite class, in his treatise "De Moneta" (A.D. 1360)

https://m.primal.net/KgPJ.png  
 Understanding this, largely through the movie "The Big Short", was a key part of my orange pill experience. 
 Love this. Dunno why but love this 
 Beautiful field, and a touch of Bitcoin orange, if I see correctly 
 1.5% back in Bitcoin!

Fold debit card?

PSA:  make sure to read the terms and conditions before jumping in to the Fold card, which offers (up to) 1.5% back in BTC.

Yes, you can theoretically get that reward rate some of the time on some of your purchases

But don't think you'll be getting straight 1.5% back in BTC every time you use the Fold debit card at the grocery store.

1.5% =

* after you pay the $100 annual membership ($120 if billed monthly)
* On bill payments that use ACH transactions
* After you "pre-load" reward eligibility the prior month by spending on gift cards, BTC purchases through Fold, debit transactions made through PAYPAL bill pay, or from select merchants which shift over time
* If you exceed a maximum amount or fail to meet a minimum amount of ACH bill pays, your 1.5% benefit amount is reduced or eliminated

I mean, it can work.  Just starts to feel a little "bait and switchy" when you start trying to calculate all the asterisks.


https://m.primal.net/KTUZ.jpg
https://m.primal.net/KTUi.jpg
https://m.primal.net/KTUj.jpg
https://m.primal.net/KTUk.jpg 
 @dave tell me about yourself 
 Hey friends 
 Hey brady 🫡 
 I'm torn between: 

A) starting a #Bitcoin meetup and publicly advocating for BTC in my community and social circles; or

B) constantly advancing my opsec to the point that I become outwardly removed from and apparently irrelevant to it all.

Anyone else experience this dichotomy?


#Plebchain 
 If the nostr critics on X actually used nostr enough to understand it, they would understand why ... 
 What's new?  Two big things are: No adds, no algorithm.  You only get who you chose to follow / engage 
 If you are reading this, then I encourage you to go ahead and post notes throughout your day.  I follow you because I'm interested in what you have to say.

#Plebchain 
 A hearty hello to all my new connections on nostr, and, if you’re new to nostr, welcome. 
 Tomer! 
 Hello cruel world. Stacking Sats as fast as I can.

#introductions 
 This is the way 

Welcome 🙏🏼 
 I remember Nostr badges. 
 "Privacy, like clothing, reduces unwanted exposure."

- Resistance Money, p.117


https://m.primal.net/KOUz.jpg 
 Who should i follow to start developing my network? #plebchain 
 I second @PermaNerd 🌱 💻 's advice.  Start with a hashtag,  then just follow people you find  interesting. 

It takes a little time, but the result is a really great flow of conversations that match what you're into. 
 Starting to like orange more.

#Bitcoin
#Plebchain

https://m.primal.net/KHPj.png  
 Got to see a live show of Charlie a while back.  Good times 
 Remember The Nostr Report? 🥹 
 Yessir
 
 "If Schrute Bucks have any value at all, Dwight has the incentive to print more. The incentive remains until the value of a Schrute Buck equals the marginal cost of printing a new Schrute Buck."

- Resistance Money

#Bitcoin
#Plebchain
https://m.primal.net/KGqF.jpg 
 While #Bitcoin cannot exceed its 21million supply cap, it can get scarcer...and will...as BTC is lost, forgotten or intentionally burned over time. 

#Plebchain 
 Here's  @walker 's original episode of the @Titcoin  podcast on the difference between cryptos and #Bitcoin 
 Edit: forgot the link 

Here's @walker 's original episode of the @Titcoin  podcast on the difference between cryptos and #Bitcoin:


https://fountain.fm/episode/e0epl3sH9LJoiQqS307P 
 Cool pizza lifehack.  I'll have to try this one simple trick next time I have pizza.

If only it would work with beef too. 
 These observations have a direct impact on a guy's decision about whether to save or not.  

If holding #Bitcoin: the incentive to save increases because the value increases, leading to long-term / low-time preference thinking, short-term self-control, and greater security for when troubles come.

If holding $USD,  I'd want to not save long term, I'd spend sooner, would want to attempt investment gains
in some non-money good, asset or enterprise.

If a guy takes imagines each of these two paths, and scales them across a society and through time, the results are two drastically different worlds. 

I want to be in the #Bitcoin world. 
 Before the #Bitcoin rabbit hole, I had never known that banks could loan out money that they did not have (or even further: money that did not previously exist) 
 This has happened in my life.  My hierarchy of value has been clarified.  

So many things I decided not to buy  because I'd rather have the equivalent sats. 
 Thanks, @Dr. Jeff , for bringing your cheerful insights to us here in the Nostr community.   The ability to find personalized signal apart from the noise of ads, algorithms, and "like and subscribe" is valuable.  Glad to follow you; I always read and consider what you have to say.