Great historical write up about #Easter, involving money, at

https://njump.me/nevent1qvzqqqqqqypzpqe29v7w7jch2nz2w4efvjjymdjdr8klvflvg5tek5vapf02aqveqyfhwumn8ghj7mmxve3ksctfdch8qatz9uq3wamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet59uqzqc93mllgd6m4uccvdp2n5vhmcnk3cdvk29wn4x9h2yxx5axm4nujhxz60u

Thought I'd post my response here...

Great write up. I loved reading this. Since it's Easter, let's be sure to remember what this was all about and not what it was not about.

The days chronicled here, came to be called Maundy Thursday and Good Friday and then Easter Sunday. Maundy Thursday refers to the "last supper" when Jesus identified Judas as his betrayer. Maundy came from Jesus command to love one another. (The Latin mandamus, mandatory, is the root for maundy.) Jesus said we are to love our neighbors, neighbors being everone else, just as he first loved us.

All of the events leading to Jesus' betrayal, pseudo-trial, crucifixion, death, and resurrection were the culmination of his plan from the beginning...to atone for man's sin.

Everything chronicled here looks well researched historically, i learned lots, and I really enjoyed reading through it, though I'd  encourage folks to remember:

Jesus was not on a fix-the-money mission. He had a laser-focussed mission of fix-the-sin. We've all heard, "For the love of money is the root of all kinds of evils," (1 Timothy 6:10, ESV). I think people often wrongly quote it as, "money is the root of all evil." The bible syas it's the "love of money," meaning the problem is actually man's sinful heart, not the metal or paper money. I like the ESV or NIV versions: all KINDS of evils. As is pointed out here, Herod, Pontious Pilate, the religious leaders during Jesus' time (and throughout history), the money exchangers with their table in the temple court, and many other rulers fall into this sin.

When Jesus said to, "Render to Caesar the things that are Caesar's..." (Mark 12:17), he was saying to follow the laws instituted by legal authorities. Bitcoiners likely may not like the lesson, but the Bible does instruct ua to adhere to legal authorities...including taxation. (See Romans 13:1.)

This is a hard pill to swallow. We see corruption, greed, mismanagement, outright stealing, maybe even worse. Yet, still abide by laws and rules? Tough.

Anyway, quick summary...

Money run by men is broken because of sinful, imperfect man.
Jesus came to fix sinful, broken man, not the broken money.

#bible #christian


Great write up. I loved reading this. Since it's Easter, let's be sure to remember what this was all about and not what it was not about.

The days chronicled here, came to be called Maundy Thursday and Good Friday and then Easter Sunday. Maundy Thursday refers to the "last supper" when Jesus identified Judas as his betrayer. Maundy came from Jesus command to love one another. (The Latin mandamus, mandatory, is the root for maundy.) Jesus said we are to love our neighbors, neighbors being everone else, just as he first loved us.

All of the events leading to Jesus' betrayal, pseudo-trial, crucifixion, death, and resurrection were the culmination of his plan from the beginning...to atone for man's sin.

Everything chronicled here looks well researched historically, i learned lots, and I really enjoyed reading through it, though I'd  encourage folks to remember:

Jesus was not on a fix-the-money mission. He had a laser-focussed mission of fix-the-sin. We've all heard, "For the love of money is the root of all kinds of evils," (1 Timothy 6:10, ESV). I think people often wrongly quote it as, "money is the root of all evil." The bible syas it's the "love of money," meaning the problem is actually man's sinful heart, not the metal or paper money. I like the ESV or NIV versions: all KINDS of evils. As is pointed out here, Herod, Pontious Pilate, the religious leaders during Jesus' time (and throughout history), the money exchangers with their table in the temple court, and many other rulers fall into this sin.

When Jesus said to, "Render to Caesar the things that are Caesar's..." (Mark 12:17), he was saying to follow the laws instituted by legal authorities. Bitcoiners likely may not like the lesson, but the Bible does instruct ua to adhere to legal authorities...including taxation. (See Romans 13:1.)

This is a hard pill to swallow. We see corruption, greed, mismanagement, outright stealing, maybe even worse. Yet, still abide by laws and rules? Tough.

Anyway, quick summary...

Money run by men is broken because of sinful, imperfect man.
Jesus came to fix sinful, broken man, not the broken money.


Windows is always "working on updates". Currently stuck at 98%.  #linux


I kid you not, for the life of me, I cannot understand how Mastodon works. It's ridiculous. For a "social media" platform whose literal purpose is to connect people socially it's so balkanized into a million separated buckets of people. "#frustrating


Putting up the cross in preparation for this year's outdoor sunrise #Easter sunrise service.
https://files.peakd.com/file/peakd-hive/crrdlx/23xeos5xdamDyEZk31ZTH4Dao36eBrRiJi5YefNV4aoA4ZCLGKnHwvZHzuBJgZwmJZDRv.jpg
#goodfriday #christian #biblestr


#nostr wishlist item...

A way to change my nsec and carry over everything with me (history, followers, etc.). This would help in case I've ever been too lax with my nsec security.

#plebchain What's on your nostr wishlist?

http://nostrwiki.crrdlx.infinityfreeapp.com/doku.php?id=wiki:nostr-wishlist


I set up the "Nostr AI Helper" at https://nostrai.vercel.app
It's far, far from perfect, but it's available. 🙂

https://files.peakd.com/file/peakd-hive/crrdlx/23w2aaCY4XdfJuo9Du27n8m9HbqmBcD3yznGaup1LdS6QRi7JvbtCDPCXwLUpxFQUbMzQ.gif
#grownostr #plebchain


Event of kind 30023 can be opened with this application: highlighter


Event of kind 34235 can be opened with this application: highlighter


Wanted to try some "other stuff" on nostrn so I put my first recipe on zap.cooking. Corn dogs!
🌽 🐕

https://zap.cooking/recipe/naddr1qqvkxmmjdckkgmm8wvkj6ttxw4hz6ctwvskhjatdd4usygqqt0zdusw0edvq7uw266hgjzdfwetgvvay765nc6ml6kl77y0p5gpsgqqqw4rsp0c3u3
#recipes #nostr


Nostr is a way to write to other people using computers. You can write, send money, and do other stuff.
https://nostr.on.fleek.co - Nostr Wiki


Everybody has a, "When did you first hear about Bitcoin?" story, but somehow, they always seem interesting. I guess it's kind of like the, "So, how'd you two meet?" story that every couple has and it's always fun to hear.

https://nostr.on.fleek.co/


How can the Nostr Wiki be improved?
https://nostr.on.fleek.co
 https://image.nostr.build/b126ccc82cf2d3530ac48b008ab9d4c43beaa14ca6b30ce0cff351b32bc1bb2d.png
#grownostr #plebchain


## Chef's notes

The classic corn dogs that we ate as kids. Easy to make, fun and yummy to eat.

## Details

- ⏲ Prep time: 15 minutes
- 🍳 Cook time: 25 minutes

## Ingredients

- 1 c yellow cornmeal
- 1 c all purpose flour
- 1/4 t salt
- 1/8 t black pepper
- 1/4 c white sugar
- 4 t baking powder
- 1 egg
- 1 c milk
- 1 qt vegetable oil (depends of size of your pot)
- 1 lb hot dogs

## Directions

1. In medium bowl combine cornmeal, flour, salt, pepper, sugar, and baking powder. Stir in eggs and milk.
2. Preheat oil in deep saucepan over medium-high heat. Allow the oil to get FULLY HOT before frying the dogs
3. Skewer the hot dogs. THE HOT DOGS MUST BE DRY. If they're wet or have condensation, the batter will fall off while frying. Roll the hot dogs in batter until well covered.
4. Fry 2 or 3 at a time until lightly browned, about 3 minutes. Drain on paper towels.
5. Allow to cool, serve with mustard, ketchup, or whatever. (They're great for breakfast the next morning too!)


Nice. I wrote my why I like nostr a month or so ago: https://njump.me/nevent1qvzqqqqqqypzqqzmcn0yrn7ttq8hrjkk46ysn2tk26rr8f8k4y7xkl74hlh3rcdzqy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qghwaehxw309aex2mrp0yh8qunfd4skctnwv46z7qpqnu4v0yy0udc5gz7dw8v576n99a6kvmv6tx8ftharenhvwp0an3asgx835d


Kind of excited...have long wanted to go to a warm mineral spring, never got there, but going today. We'll see how it goes.
#nature #fun


I thought he was DJing at first, then realized the cat was actually cooking, and spritzing the food orally. Um, wow. Respect for the neck strength though.


Info and links at https://nostrwiki.on.fleek.co


Hang in there. Things change.


Just wrote this on Habla.news about a Nostr "Web of Trust".

https://habla.news/a/naddr1qqxnzde3xyerzd3exqcnwv3cqgsqqk7ymequlj6cpacu444w3yy6jajksce6fa4f834hl4dlaug7rgsrqsqqqa28j4q994

 https://image.nostr.build/9dad5cc897f9df5165825ce8eb87ca72b63fac492f559993283ffc87e5c75af5.png

#grownostr #nostr #plebchain


Lately I've happily heard more chatter on #nostr about "Web of Trust." In case anyone is unaware, a Web of Trust is essentially a reputation score. In my mind, it'd be a number, say 0 to 100, that would be displayed aside one's Nostr avatar. The number would signal to others your "Nostr rep" in a glance.

[Web of Trust](https://files.peakd.com/file/peakd-hive/crrdlx/23wr5rQJ5N1FF1usyMreZMC2JSqrbPhhMN2KgzaeU1qiZFjGUauNdABpGRX1CW2dhG6jM.png)

That sounds a little creepy at first - it sounds like a "social credit system" that would only amplify an echo chamber, and maybe it is in a way - but I think it has a place and purpose on something like Nostr.

In online arenas, reputation is critical. Anyone who's dealt with the coding space quickly learns that your reputation matters a ton. Try asking a question on Stack Overflow as a newbie and, unless you've flatly shown you've really done some legwork in preparation for the question, get ready to get slapped down quickly and soundly. Your lack-of-reputation precedes you. For anyone who's established something of a good reputation in an online space, maintaining that rep is huge. I've frequently seen prominent people or even anonymous "nyms" write something like, "There's no way I'd do or say or support that. My reputation is far more valuable than me shilling [fill in the blank]." It's the same in places where the digital world meets the real world. We all care about our reputations in places like Uber or Airbnb.

As I understand, the way that a Web of Trust (WoT) works is essentially as a "thumbs up" or "thumbs down" system. Now, this up or down needn't be an actual up/down button on screen. In fact, we already have a Web of Trust. It's called good old fashioned, gettin' to know folks. When a well-known Nostrian posts a note and we see a ton of reactions from others, we're pretty sure that it came from the user that we think it came from. This is simply "building your brand" and establishing one's self, just as we do in our offline, face-to-face lives. Good reputations at work matter, as do bad ones.

In an online arena, though, it's possible to also actually have that up/down button. (Can you imagine having that in real life too?!) A Nostrich posts a note, another Nostrich wants to affirm it or shake their finger at it. Clicking up or down would either strengthen or weaken the poster's reputation.

An important note comes to mind here...

Clicking a "WoT button" is not liking or disliking a note. This is not agreeing or disagreeing. This up/down WoT button would say either, "Yes, this is legit and reputable." Or, no, "This is not good. It might be an imposter, a scammer, or way out of bounds for the community and just not cool." In this way, if any Web of Trust button were to be employed by Nostr clients, I'd hope they would be clearly distinct from likes or agrees...visually, verbally, etc. to denote, "This impacts the user's WoT score." I'll admit, there is nuance here. Because we are humans, liking/disliking someone's note is difficult to divorce from supporting or disapproving of their reputation. Yet, we should try.

To properly use a WoT button, I might grossly disagree with someone's note, but I could still respect their opinion maybe because it was well thought out, supported, or well-written. In this way, I might give them a thumbs up for WoT score, despite my disagreement. I see this as the type of thing that gives strength to open systems, like open source software or open source anything.

As an example, I've written frequently using the Hive blockchain as a blog backbone which employs a "reputation" score calculated by upvotes/downvotes. The formula essentially is:

- Someone else's good rep score helps you with an upvote. And, the higher their rep, the more it helps.
- Someone else's good rep score hurts you with a downvote. That is, if their rep score is higher than yours, then your score goes down.
- Someone else's bad rep doesn't affect you with any vote. They have a bad rep and they're just ignored.

The system is summed in this scratched out flow chart:

[Reputation or Web of Trust flow chart idea](https://files.peakd.com/file/peakd-hive/crrdlx/23twA2WUDx3cB6ePsQ3UqkukxxNpiHHShqGy3CZF9UnsBviJQ7LxwgDaUobSHD5kXT7em.png)

This system is not perfect! I've seen people get started, do some bad things and quickly get downvoted into the negatives, and quickly have their reputation throttled. Sometimes this is over scammery, more often it's over plagiarism. When they wake up to the situation, they typically ask, "What can I do now!" The only answer is, "Start to slowly rebuild your reputation. That, or, you're rekt. Get a new set of keys and just start over altogether."

Isn't that exactly what we do in real life when we've screwed up and made a fool of ourselves? Isn't that what we do when we've said or done ignoramus things and feel that deep, sad sense of hopelessness brought on by jackass behavior?

At that point, the only thing there is to do is to just slowly press on, methodically, one day at a time, and do better. Things will slowly change. That, or we move to an entirely different locale where no one knows us and we start all over again.

Despite the Hive system being far from perfect, it gives an idea of how a Nostr WoT system might work and maybe an maybe offers an idea of some building blocks.

Ways a WoT score could be a good thing:
- Nostriches can quickly "**get a feel**" for another user at a glance.
- Cuts down on **plagiarism**. It's too easy to copy/paste another's work and post it without credit. It's too easy to post AI generated content as one's own.
- Cuts down on **scammery**. It's easy to use someone else's username as your own and pretend to be a better-known Nostrich. Yes, it's easy to check this, but also, yes, many are fooled.
- It promotes **good behavior**, ideas, and value added. Conversely, it disincentivizes bad-actions.
- **Bad actors** are quickly identified as such.
- **Others?**

Ways a WoT score could be a bad thing:
- **Echoing echo chambers.** Psych 101 teaches us about the self-fulfilling bias and the availability heuristic. We accept what we like and buttresses us and push away what we don't like. We take to heart what is easily accessible (what's echoed) and we ignore what's hard to access (because we likely never even see it). This echo chamber effect is commonplace in Bitcoin and cryptocurrency. Case in point...I just wrote "cryptocurrency" and many here immediately went, "Blah! I'm out!" This reaction occurred because you've been told, "It's Bitcoin, not cryptocurrency!" I understand the disdain for other coins. Still, I'd suggest two things: (1) Check your hubris, stay humble. You're not always right. And (2), it's okay to think for yourself; don't apologize for doing so.
- **Others?**

Personally, I would love to see such a system implemented on Nostr. I'd love to see a NIP. And, I'd love to see clients pick it up and implement a visible score alongside avatars. If it happens, there will be growing pains. There will be barking complaints. But, I think it would serve more good than bad in this nascent Nostr.

And, oh, if you're thinking to yourself, "This is just some altcoiner trying to slide other coins into the Bitcoin space!", I'd say this: "I'm a Bitcoiner." I've been "in Bitcoin" a long time and I absolutely believe in it. Absolutely. Check my BitcoinTalk profile, it's bare, but my start there is timestamped. https://bitcointalk.org/index.php?action=profile;u=61129

Stay purple. 💜 Stay orange. 🧡

#grownostr #nostr #plebchain

Thinking about a Web of Trust and Nostr.

This is a long form article, you can read it in https://habla.news/a/naddr1qqxnzde3xyerzd3exqcnwv3cqgsqqk7ymequlj6cpacu444w3yy6jajksce6fa4f834hl4dlaug7rgsrqsqqqa28j4q994


I was asked a while back whether I would be richer if I wasn't Christian. The main implication being that there are so many immoral ways to make money that Christian values prevent. And while I agree that there are ways to make money that are closed off to me, there are also ways to lose money that were closed off, too.

There are a lot of monetary pit traps in the world today. There's all kinds of addictions that can destroy your balance sheet, drugs, sugar, power, games, etc. Christians exercise self-denial muscles through God's grace. So in that sense, I think I've been saved from the many ways in which I could have lost my stack.

To hold is hard. And it requires a lot of self-denial. If you want to hold, Christianity is a sort of super-power.


>I think I've been saved from the many ways in which I could have lost my stack.

Thank you for sharing this, very well said.
Even more, as Christians we're not only saved from possible ways to lose our stack, we're saved from everything. We're saved. 🙂
https://ichthys.netlify.app/


I just spent almost an hour trying to troubleshoot the Windows Print to PDF printer thing so as to print to a custom paper size. Failed.

Then, I downloaded and installed CutePDF and had it printing correctly all within 5 minutes.

Argh. Microsoft. I've got to get linux on this desktop.

#frustrating #computers #linux


I debated keeping the milli and micro units in the app. When I started it in 2013, that was a thing. Maybe time to rethink this. Regarding btc/sat, it's great to hear that it's becoming normal for bitcoiners. I agree. Talking in sats is becoming the norm and will be in the future. Satoshi Day! https://sbc-v7.on.fleek.co/pages/satoshiday.html


You made my day. 😀


nostr:npub1teawtzxh6y02cnp9jphxm2q8u6xxfx85nguwg6ftuksgjctvavvqnsgq5u Verifying My Public Key: "crrdlx"


We hear about sidechains and "layer 2" solutions a lot with Bitcoin. Usually, this centers around either (a) scaling solutions or (b) alternative use-cases. Normally, these layers involve a separate chain or system which then ultimately reconciles onto Bitcoin. The concept of these layer 2's is that the sidechain uses the security, immutability, and trust of Bitcoin to bolster itself and thereby achieve whatever goal that layer 2 holds.

As an example, the Lightning Network (LN) might be the most oft-used Bitcoin layer 2. The problems it tries to address are scaling, speed of transactions and high fees. The LN system uses Bitcoin to address these problems, does so fairly well, but with its own set of problems.

I've heard chatter of layer 3 solutions, though I'm unsure what distinguishes a layer 2 from a 3. During a podcast recently (I don't recall which podcast), when asked if Cashu was a layer 2 Bitcoin solution, the Cashu dev @calle said something like, "it's a layer 69." (He was implying that it's actually not a separate Bitcoin layer at all (apparently, saying it's a layer 69 is just more fun.) The point here is that there are layers. Or are there?

Bitcoin purists might disagree with the idea of layers altogether. There is only Bitcoin. Bitcoin does what it does and doesn't care about layers or talk of layers or what you think about layers. Bitcoin is.

Whether Bitcoin layers exist or not aside, the idea of a layer 0 has been tossed around a bit. If Bitcoin is layer 1, a layer 0 somehow precedes Bitcoin. I heard a discussion on this, I believe amongst panel members and perhaps at a Nashville conference in 2023. One of the members suggested Bitcoin's layer 0 is the people. (Sorry, again I don't recall whom it was to suggest this so I can't give credit.) The idea was that Bitcoin, at it's basic level, is about people and is the relationships between those people. Money is a representation of work done by people and value and debt owed to people for that work. So, Bitcoin is essentially a technological manifestation of these relationships between people. Bitcoin's blockchain and consensus mechanism records and resolves these relationships. Thus, the people are layer 0 and Bitcoin is layer 1.

Jameson Lopp wrote in 2017 Nobody Understands Bitcoin and That's OK. He suggested that the idea of people interacting was/is a fundamental tenet of Bitcoin. This was evident when he wrote, "bitcoin’s strength comes not from being the embodiment of some dogmatic beliefs of immutability, decentralization or other buzzwords, but from collaboration." That is, people working together.

Nostr might be Bitcoin's layer 0. Nostr is not Bitcoin, however it is connected. It's connected technically in it's decentralized structure and in that sats can be easily zapped. It's connected socially in that many Bitcoiner's are there, connecting, interacting, zapping in a permissionless, decentralized way.

Certainly, Nostr is not the only arena of Bitcoin's layer 0...the interaction of Bitcoiners. Anywhere, in any manner in which Bitcoiners interact, there is the layer 0. Yet, Nostr seems to offer a rather seamless integration of the technical and financial components of Bitcoin with a social component. Nostr gives Bitcoiners a way to connect socially and economically.

Sending sats over the layer 2 Lightning Network, person to person, is so seamlessly integrated into Nostr, the layers 0, 1, and 2 blur. Transferring 10k sats to another Nostrich, or saying "Nice write up" with a 100 sat zap, or simply messaging approval for a dog picture with a 21 sat zap, all integrate layers 0, 1, and 2. What's more, the layers of personal interaction, Bitcoin, and the Lightning Network don't even need to cross anyone's mind...it's just, "Sweet doggo! Here's some sats."

I like Bitcoin and I like dogs.

This is a long form article, you can read it in https://habla.news/a/naddr1qqxnzde3xycnxvps8y6nzdfjqgsqqk7ymequlj6cpacu444w3yy6jajksce6fa4f834hl4dlaug7rgsrqsqqqa28c9qu62


Just wrote "Is Nostr Bitcoin's Layer 0?"

https://stacker.news/items/476072

#bitcoin #nostr #dogstr


How about "Bitcoin accepted here" businesses?


Welcome to Nostr. Heh!


I guess it's the following that I like about nostrudel:
. The layout is logical to me
. That it seems to have a ton of functionality

My wishlist for it:
. A signal when I get a notification
. The graphs like with snort


Coracle is the first client I used, the one I signed up with. Now, I use noStrudel most of the time, but also use about three others fairly regularly, not sure why, I guess each has something that I like.


Good to learn stuff first and follow some "Nostriches". Some info at https://nostr.on.fleek.co


Hi, there is a list of prominent nostr names on the "Nostriches" page at https://nostr.on.fleek.co (Nostr Wiki). I don't think "writer" is one of the categories but you might find some interesting topics or people there.


Hello there, welcome to nostr.


Sorry but this is something I really don't know much about. I will say that Kraken seems very legit, as do Gemini and Coinbase. Coinbase gets picked on a lot but my view is that it's because they're the biggest in the US and you've got to pick on someone. Kind if interesting to me is Bisq-2 which just came out. It's peer to peer trading, nit completely sure how it works, but I think it's definitely interesting.


Some info and guides at https://nostrwiki.on.fleek.co
Welcome to Nostr. 😃💜
https://image.nostr.build/0ff5b9650a92e991fe4421b94aba87c7f845da932f2e4c3e7ab427fc8b31fe14.png


A couple of useful #bitcoin guides listed at http://nostrwiki.crrdlx.infinityfreeapp.com/doku.php?id=wiki:bitcoin-guides Bitcoin Rocks is a big Nostr user (they give out free stickers, real hold in your hand stickers, which is fun).


Just did some work on the Nost wiki at
https://nostr.on.fleek.co
 https://image.nostr.build/584708a7d200b82e8c0bba5a2f3479aa4efa4dd6ce960174d693bfd309d3b7fa.jpg

Your edits welcomed.

#grownostr #plebchain


I love that illustration. So much movement.


I wonder what the story is behind this.

https://news.google.com/articles/CBMiU2h0dHBzOi8vd3d3LmNvaW5kZXNrLmNvbS9tYXJrZXRzLzIwMjQvMDMvMTkvYml0Y29pbi1mbGFzaC1jcmFzaGVkLXRvLTg5ay1vbi1iaXRtZXgv0gFXaHR0cHM6Ly93d3cuY29pbmRlc2suY29tL21hcmtldHMvMjAyNC8wMy8xOS9iaXRjb2luLWZsYXNoLWNyYXNoZWQtdG8tODlrLW9uLWJpdG1leC9hbXAv?hl=en-US&gl=US&ceid=US%3Aen

#bitcoin


This accurate?

https://peakd.com/hive-167922/@zpek/btc-to-89k-bitmex-investigates-massive-bitcoin-selloff-today

#bitcoin #plebchain


Stick your nose into your books and studies. Grind.

Grind now, benefit later.


I'm futzing with cashu.me and nutstash.app along with npub.cash though they're a bit hard to wrap my brain around and not sure if they improve on alby. But they're interesting to me.
Also nostree.me is like lintr.ee but runs on nostr


I use Alby.  On my phone I use BlueWallet because it can sync with Alby. So what I see on my phone is the same as what I see on any desktop browser I'm using that I have the Alaby extension installed. Plus, Alby is very helpful in logging into nostr dapps.


I'm talking still way early to nostr (also still early to bitcoin). I know the general thinking is that "I'm too late to bitcoin" but I disagree. I think very, very few people are actually holding bitcoin and the space has a long, long way to go and to grow.


Some info/resources at http://nostrwiki.crrdlx.infinityfreeapp.com/doku.php?id=start
Get that wallet set up. I use Alby...it's easy.


Heh! This is not off-base.


I'd say the social layer is by far the most used, which is fine for now. Lots of folks swear in that the Other Stuff part of nostr is where the real usage will be one day. Got to build it out, it's still early.


You're in the right place to talk bitcoin, here and Stacker.news Tons of bitcoiners here for sure and I get what you mean about crypto twitter, it's a mess if you're mostly/entirely interested in bitcoin and not interested in the noise.


Some thoughts on "CDC damage" (and toe fungus):

https://peakd.com/covid/@crrdlx/cdc-damage

 https://image.nostr.build/4642eec6d4133008e6670dc6bd9bf32670c1c4999cd5dd5019982215aed7f8ff.png

#covid #health


An example under the title: "things you can't do on legacy media".


I heard you talking about Obsidian and encrypted notes. I use a plugin called "meld-cp" that seems to work nicely. Enter a password which then encrypts the note into jibberish.
Enjoying your show...info + humor = good


Not #Satoshi

https://www.coindesk.com/policy/2024/03/14/craig-wright-not-satoshi-didnt-author-bitcoin-whitepaper-judge-rules/?utm_medium=referral&utm_source=rss&utm_campaign=headlines


Things I like about #nostr...

. LN interweaves it to #bitcoin so closely it's sometimes hard to separate the two
. it's kinda bitcoin's social layer
. you can do your thing and you can't be undone by anyone
. getting a half dozen sats every once in a while seems like striking it rich
. it gives off that "we're onto something special here" feeling (remember early internet? remember when you first "got into" bitcoin?)
https://image.nostr.build/b5ef6fed3d4302331729cc99b8cd59dcb09b5c7d943ca0fe2f5d209b23ad1b06.png


Thinking about money, value, and transfer of value using a "vase and vessel" as analogies. A thinking-out-loud exercise. 😃
https://stacker.news/items/463464
#bitcoin #plebchain


Listening to this podcast https://fountain.fm/episode/9J5NZoYjp6Aj6IPahmdR, an interesting analogy was made. The guest had written a book about zero. Yes, the book is about the number zero. I believe it was the host that made a clever point. Zero is about nothingness, but oddly, it is that nothingness that actually is the value...its utility as a placeholder.

https://files.peakd.com/file/peakd-hive/crrdlx/23wC9VMjNAqHLzddYBVTgLaLLma62ALPGXKB8XWDS9B7KRBhn1mLrY5DkauBwt8yUTys5.jpg

The illustration was conjured of clay and how it can be molded into say, into a vase. The vase, however, is not what actually gives it worth, it is the emptiness, the nothingness that makes the vase worth anything (beyond something pretty to look at, which does have its own value). But, you see the point...is is the emptiness that gives the vase its value.

Furthermore, the vase is just the vessel to transfer something else that actually has the value...water. In this way, the vase isn't even the valuable item, the water inside is. The vase is only a tool to transfer the value.

Consider money. Money is the vessel to transfer something else of value. The piece of paper, the fiat money, is just a tool to transfer something else that has value.

Let's combine the vase and money analogies. Instead of a vase made of clay, consider a paper cup. And, imagine you're wandering in the middle of a hot desert. You have a paper cup, but it is worthless. At least, it's worthless without water...that thing you value tremendously at the moment. You consider tossing the cup, but think, "No, I might find water and then I could use the cup to hold my water and transfer it as I walk along." You hold your paper cup.

https://files.peakd.com/file/peakd-hive/crrdlx/2423z8v6C8tw2Ysdx2q9Uap1e9dEsp1PhmpKzJDzzA2pmY7rFAQ5NJ7Du7Kg39ruASNTh.jpg

Imagine you come upon a paper cup printer. (There certainly is a machine that makes paper cups, though I'm not sure why it's in the middle of the desert.) No amount of paper cup printing will help you. You might print a thousand paper cups, but still empty, they have no value.

Imagine you find a bottle of water. You fill your cup. Great find! That water has priceless value. Now, imagine pouring out your cup of water into the thousand other paper cups that you printed. Are you any better off? No, you are not.
https://files.peakd.com/file/peakd-hive/crrdlx/23zbRzC9pywhpV7UowyCeh4Uau96rJ8YrJQkGopnWG7T2cEnYuCpxjKrYqFJcw36KLr3a.jpg

What if you printed a million paper cups? A billion? Or a few trillion paper cups, then carefully poured a fraction of a droplet of water into each of those cups? Are you better off now? And how are things working out for you after those nano-droplets quickly evaporate in the desert sun?

Consider bitcoin. The vase/money analogy can be used, but it's also different. Bitcoin is both the vase and the money. It is the vessel and the value. Bitcoin both serves as the tool to transfer value, and it actually is the valuable asset. Unlike the paper cup vessel or fiat money which can be printed ad infinitum, bitcoin cannot. Thus, it's better money.

Now, I just need a bitcoin vase.
https://files.peakd.com/file/peakd-hive/crrdlx/23w2FdcZfwam6SfjjVRHJfg8oHD4yV7EQWnAgWAkG2PdWYKxp3zdGiwncweYKtrsHvADa.jpg

Images made at leonardo.ai


Why is, "Increase taxes!" nearly always the solution by a sector of the government? Not just #bitcoin but nearly anything, it's always, "Increase taxes and increase regulations." More taxes, less freedom is not the way, ever. https://en.bitcoinsistemi.com/joe-bidens-eyes-on-bitcoin-taxes-pay-attention-to-cryptocurrency-details-in-the-2025-budget/


I don't know. Is http a social network? Is a wire connecting two Morse code transmitters/receivers? I guess it comes down to semantics of "social network." Either way, they're all good systems.


There's a devil-spawned weed in my backyard. I pull it out, try to find the taproot, pull it too, but it's vexing. At each joint it roots. Despite my plucking, it always returns.

Today, it occurred to me it's a distributed network with no central point of failure. It unstoppable.

#bitcoin


help me out, what do you mean by a "blackrock hard fork"?


Maybe it's some pigeon binary coded message? My guess is that is says, "gimme peanuts"


Playing around with my phone, I snapped this pic of an LED floodlight. Reminds me of the huge SpaceX rocket for some reason.
 https://image.nostr.build/12e6f5ffbc76bca196deb0d8eb9c624d7126ddf0586937eaeac5c5186a10f0fa.jpg
#photography #space


We're witnessing history. Here's why...
https://habla.news/a/naddr1qqxnzdes8yunzdfsxu6rzd3jqgsqj0rqhjcdeppu4h3xqdn8qgldp84393j0szqelqm754axl2mc8ycrqsqqqa284pe85s
https://files.peakd.com/file/peakd-hive/crrdlx/23z7QSvg7CBJs9BqX47c7PmKbx2XcKpyZdcK5SVg9azbLLjituYabjsbrps6e5sLpNzxZ.jpg
#bitcoin


Saw this today.
https://void.cat/d/SKTyqPSaUsEduoVvstqcrp.webp
#nature #sunset


crrdlx
13s
Snapped this pic last night. The blossoming tree just scream, "Spring is here."
 https://image.nostr.build/8945cad9de413f6c451b107ad2cbd64b310e3204f51ba5eb2cef5971446e0dc0.jpg
#nature


Well stated.


Biden presidency in one word: damage
Biden presidency in two words: damn age


It occurred to me today that if and when #bitcoin hits an ATH, every single person who has hodled will be in the black, above water. Everyone.

Of course, some will have bought and sold etc. and may be in the red, but no one who hodled will be red. Every hodler will be up. Nice thought.

#plebchain


Be careful today folks. We're almost at an ATH, it's a Monday, and ETFs have never been in this FOMO zone. US markets open at 9 EST (14 UTC). Seatbelts. Not financial advice, but my advice: have a coffee and enjoy the show.
 https://image.nostr.build/346c76650900518ff4d430bd97fd1897d205bcf46ae5b26bc68274015dc064ee.jpg

#bitcoin #coffeechain


"Yep, that's right, and we call them 'sats.' That bitty-talk for 'satoshis.'"


Hello #nostr and good day. Did you know you can add to or edit the Nostr Wiki at https://nostr.on.fleek.co? No need to even make an account, just click "edit." Or, read "How to help" to add an entirely new page.
 https://image.nostr.build/970eee3b1b2c79ba1a82afd219f1934d3439760d7a0e363b2a3f169046fc4ff6.png
#plebchain


Happy Leap Day #nostr. 💜


This morning I snapped this quick photo. For some reason, I liked the trapezoid shapes and strong lines made by the power lines. Looking closely, Venus is in the middle. My astronomy app labeled it as Venus but apparently Mars is right behind it (invisible in the pic) but lined up very closely. Kind of neat.
#astronomy #plebchain https://image.nostr.build/00acd0588317687b8834a4cf08a2065623cb97319e38c5d18475fb125625fa01.jpg


Sitting in the "cell phone lot" at the airport awaiting an arrival. A buddy is coming in. 😀 Cell phine lots are the most convenient thing since the bread slicer (back in the 1920s, i think).

Although I'm only in a parking lot, airports are one of the best places to people watch. Such a wide variety of the human experience, often exagerated...lovers reuniting, or leaving, bereaved attending or returning from funerals, grandparents visiting grandkids, college k8ds returning home, folks leaving on a vacation or returning exhausted, business folk on a boring commute, it's endless.
 https://image.nostr.build/ef863910abcc0a668a3eb76280b498e837b199dd811de8f83b514723ac11a33a.jpg
#nostr #plebchain


In 2017 I suggested "Satoshi Day" - that great day when 1 sat reaches penny parity. Yes, I know, no one here says they care about fiat money. But the truth is, that's a major measuring stick.

Back in 2017, one penny got you 110 sats. Today, one penny only buys you a smidge over 19 sats. We'll get to one penny = one sat. "Satoshi Day!"

See the 2017 posts: https://sbc-v7.on.fleek.co/pages/satoshiday.html
#bitcoin


Howdy, I made some stuff like "Kicking the Hornet's Nest" at https://hive.blog/@crrdlx/satoshi  (which I'm currently reworking into the Third Edition due to the new Satoshi emails that were released last week during the COPA trial)  and  the Sayoshi Bitcoin Converter app athttps://SatoshibitcoinConverter.com


Well, with the new emails from Adam Back and Martii Malmi coming out in the COPA case, I'm having to do a third edition of "Kicking the Hornet's Nest" (all of Satoshi's public writings).

Stay tuned.

Second edition of "Kicking" can be accessed at https://hive.blog/@crrdlx/satoshi
 https://image.nostr.build/08f2a5da69916253afd128f9752e3c693877ec08eef273896107f91c3071cea0.png
#bitcoin


Hi, not sure what you mean by "all can be deep fake". Are you talking about the mmalmi emails at https://mmalmi.github.io/satoshi/?


Of course the first rule of correlations is: "Correlation does not show causation."

Concluding that, "Drinking coffee causes you to be alive," can logically be flipped to say, "Being alive causes you to drink coffee."

Now that I think of it...you may be right!


I hear you. Nostr (and bitcoiners) can stand to work on our "welcoming" demeanor. Still, I'd say don't jump ship just yet.


Awesome that you shared this.  🙂  I'd like to include this info in the book "Kicking the Hornet's Nest" which documents all of Satoshi's words in chronological order. Would that be okay with you?

You can see "Kicking" at https://hive.blog/@crrdlx/satoshi


Does this quote from Satoshi in 2009 sound like what Craig Wright says?

"My writing is not that great, I'm a much better coder."

Source: https://mmalmi.github.io/satoshi/
#bitcoin


Does nostr rhyme with toaster or foster?

This needs to be settled. Vote on poll at

https://stacker.news/items/435516
#nostr


Does nostr rhyme with toaster or foster?

This needs to be settled. Vote on poll at https://stacker.news/items/435516

#nostr #plebchain


"Everybody will start deserving the time they use #Nostr." --crrdlx


Hire Satoshi!


I saw this cow today which is perfect a few days after Valentine's day...
 https://image.nostr.build/c835826850c57b175917be00e19d7f6346985b36c431da43969b9f09559c9273.jpg

 https://image.nostr.build/72204d8c0a893b4a89c18228bd58be12075f765677a9c219825e44d5f725c3e0.jpg

And the other side of the cow...

https://image.nostr.build/b28d78fba4776f9b5f983dc740ac00d31cbe7b42f3d4f7affa93e4481274db29.jpg
So basically we have a hearts and diamonds cow. Somewhere there must be a spades and clubs cow as well. Not sure why hearts/diamonds is black though, maybe spades/clubs is red?

#cows #animals


Was looking for an image in my old files, didn't find what i was hunting, but did stumble on this coffee painting I did 7 years ago. Seems pertinent again.
 https://image.nostr.build/e312489b069b14e2c3d94c1bc1376a1c10d07b5b31b20d25bb0a6642ac8df10c.jpg
Originally posted at https://www.reddit.com/r/Bitcoin/comments/6ow25o/bitcoin_bull/?rdt=54134
#bitcoin


Already working on it. I spoke with a fellow yesterday who is a consultant in the methane business. Evidently they convert animal waste into methane and then pipe it into the stream. I asked about any bitcoin mining, it was news to him (he knows of bitcoin, has some "in his portfolio"). I sent him your energy and environment links.


Any confirmations on whether this Elizabeth Warren #bitcoin flag story is real? In other words, is she really behind it or is it some constituent or other party? Are we just being punked?

Good if true, but my "Hmmm" meter is twitching.

https://www.google.com/amp/s/www.coindesk.com/policy/2024/02/15/did-elizabeth-warren-just-endorse-bitcoin-not-so-fast/amp/

#nostr #plebchain


And the reaction: "Hah! Hah! Hah! Hah!"


Wearing a Satoshi shirt too I think.


Was that @jack in a Satoshi shirt?


Putting my pick here now: Chiefs 31, 49ers 26. #superbowl #football


"Nostrich Nakamoto"
 https://image.nostr.build/1f3098f0b26a4c3cd73f63dedcbaa6f940b9d478dfbc0c2ef024eed0a0066b02.jpg

#bitcoin #nostr


Anyone else planning to enjoy the #eclipse this April 8th? My wife and I are skipping a couple of days work, traveling to stay in a mini house air bnb, and making a vacation out of it. Kind of excites.
#plebchain


I kind of forgot but I wrote about it back in October (was actually writing about "recursive inscriptions" which seems to be kind of a BitVM v1.0).

https://peakd.com/hive/@crrdlx/recursive-inscriptions-part-3-of-3-future-possibilities


Has the potential to change a lot of things. If you believe in bitcoin, you should believe in programmable bitcoin.


Though this is framed as a negative for #bitcoin, I totally see it as a positive. If 78% are not interested, that means 22% of a lot of people and a lot of money are. And 12% of those people plan to sell dollars for bitcoin. That's bullish in my eyes.

https://image.nostr.build/63b18eb25ad99610e19f54750876c329843e1f95ca992a0db182fe4c3d2cf13b.png

Article: https://www.coindesk.com/markets/2024/02/08/jpmorgan-survey-shows-over-half-of-institutional-traders-dont-want-crypto-exposure/?utm_medium=referral&utm_source=rss&utm_campaign=headlines


I was listening to a podcast this morning and the fellow was talking about Latin America, bitcoin adoption, Bukele. He noted how it seems that developing and pre-developed nations seem to jump into bitcoin or crypto more eagerly than the comfortable wealthy nations. That, and those nations with political and/or economic unrest are getting in. Likely he's correct. Of course, Milei came up.

https://images.hive.blog/200x200/https://files.peakd.com/file/peakd-hive/crrdlx/23x1Yjig4oy7Ww6BYx6q8NoSPQeZw7KLJu8kz835g4Gf13zHtbxy6fEiKnRRoANGXkdLa.jpg

As far as I can tell, Milei hasn't said too much about bitcoin or cryptocurrency but has more of a use-whatever-money-you-want mentality. I guess, money-neutral might be a phrase to apply. The podcast speaker mentioned that Argentinians might well use bitcoin or a stablecoin (Tether was mentioned).

This made me wonder:

1. What is the bitcoin/stablecoin/cryptocurrency usage in Argentina now?
2. Will Milei's open door will see an increase?

Anyone know of any stat sources on this?


I'm liking how ETF dashboards are popping up. I only know of two so far, but they're interesting to watch.
https://dune.com/hildobby/btc-etfs
https://www.coinglass.com/bitcoin-etf

#bitcoin #etf #plebchain


Whenever NPR talks about #bitcoin it's either (a) bad in the sense that it's something like adding to the alleged "climate crisis" (any time they can use the word "crisis" it is used!) or (b) normies are catching on. To be fair, NPR is the first place I heard about bitcoin back in my normie days. This morning I heard NPR talking about bitcoin ETF and I translated it as being a good thing to get the word out. The ETF seems built for the NPR crowd. Still waiting for the first NPR #nostr news.

https://www.npr.org/2024/02/06/1229405673/will-bitcoin-etfs-lead-to-it-becoming-more-common-in-investment-portfolios


I imagine team CSW will, amongst other things, ask at some point, "If Wright's not the real Satoshi, how come the real Satoshi never stepped forward?"

How great would it be if Satoshi actually signed a tx with a comment like "I am not faketoshi CSW" while Wright is in the courtroom. Would be fun to hear Craig Wright try to explain that.
#bitcoin #plebchain


NPR was the first place I heard about #bitcoin way back. Just heard an NPR report on bitcoin ETF. Report was rather vanilla, but some dude said it might be the biggest event in bitcoin since it started. Hmm, big statement, but maybe true for the NPR crowd.

#plebchain


Keep the play-by-play highlights coming for the rest of us whilst popping new bags o' corn. 🍿🍿🍿


Nothing here is financial advice. Everything here is crazy number logic.

Three weeks after the bitcoin ETF products started in the U.S. on January 11, 2024, perhaps we can take a step back, take a look, and gather some perspective.

https://images.hive.blog/100x100/https://files.peakd.com/file/peakd-hive/crrdlx/EoARV4ifAcWe8NqGV1CH2xVZxj3SWrWypMfCT8CY6o1Wntbj4eityS2ETQEDfr5AKJy.png

We've already gotten a slick website to monitor data at https://dune.com/hildobby/btc-etfs (screenshot below). I imagine sites and data and presentations will evolve as time passes, but this one is fantastic in the early going for sure.

Figure 1
https://files.peakd.com/file/peakd-hive/crrdlx/23tbHACvc1uEcCxcLmtSQLN4MApqK8gFAxwAK3MCZKzGoetx4YoBVSdtjzNmDmRa4eTPe.png

Seesaw

Listening to podcasts and reading through various bitcoin sources, it seems that there's a seesaw battle going. On one side, the "inflow" side, money is flowing into the bitcoin ETFs. This buy pressure should drive the price upward. On the other side, the "outflow" side has GBTC being sold and cash is flowing into shareholders' brokerage accounts.

If inflows outweigh outflows, the buy pressure outweighs the sell pressure and the BTC price seesaw tips toward "number go up."

If the outflows outweigh the  inflows, well, number go down.

The graph below shows the inflows and outflows since the ETFs' start. Consider the 0-level baseline as something of a water level. Above the baseline water level are inflows of money, BTC buys, (each ETF with its own color moving up vertically). Below the water level are GBTC's outflows of money, BTC sells, shown in purple moving down vertically. The white dot for each vertical column is is the net difference between inflows and outflows. For the number to go up, we want to be above that baseline to a net positive - we want our head above the waterline. Thus far, as you can see from the dots, the trend has been a bit all over the place, up and down, bobbing above and below the water level.

Figure 2
https://files.peakd.com/file/peakd-hive/crrdlx/23tGVGHZpQBBNNucDazcPhnofF93WbjL3XTDmSCT4rdj5nru9LL9yz4YD9bPbauq7FoXG.png

Of course, there are many *other* factors and people and institutions impacting the bitcoin price - it's not just ETFs alone - but within the ETF bucket, this seesaw concept is mentally manageable and seems plausible economically.

Purple decline

Grayscale's GBTC is represented as purple and its sell off is the hindrance. Sorry, Nostr, but in this case, we don't like purple. 💜 GBTC has been around longer than the other ETFs (I'm not sure how exactly they finagled that) and is the big player in this game. Two things to note in the chart below:

1. GBTC is currently huge at $20.5B (the next ETF has only $2.7B)
2. GBTC fees are also huge at 1.5% (most have around 0.25%)

Figure 3
https://files.peakd.com/file/peakd-hive/crrdlx/23swib1PARs4rzGczkGdJ4385KqxaLL4MR6ZDpYzXZQMCdhYANdwJX91Ug5uGkhiqNqFJ.png

Unsurprisingly, people are reacting to incentives and selling GBTC to get out of those high fees. Ideally, they would reinvest back into one of the other ETFs with the lower fees.

A few things are at play here with anyone who currently holds GBTC:

- GBTC holders may sell GBTC and then buy one of the lower fee ETFs to retain the hedge of having a stake in BTC price action. By selling GBTC and buying ETF, the outflow/sell would be counterbalanced by an inflow/buy. For bitcoiners, this would be the preferred scenario as sell pressure and buy pressure would balance the seesaw to a zero net effect.
- GBTC holders may sell and then find themselves suddenly flushed with cash. Naturally, money will go to various places. They may decide on a cruise, or a stock or fund they've been eyeing, or paying off a debt, or a wedding, or a new truck. Life happens. In this way, it's not realistic to expect all of the GBTC funds to be reinvested into a low-fee bitcoin ETF. They won't be. This is the sell pressure that will hold the BTC price down.
- Some GBTC holders will take no action. They know (maybe) they have GBTC in a fund, somewhere, and they don't micro-manage those things...that's what advisors are for. Or, they're busy with life at the moment, or they want to see how things pan out, or they're simply happy with their portfolio as it is, or whatever. Some people will not move their funds. That GBTC will just sit.

Consider the proportion of BTC held by funds currently, as shown in the graph below. There's a lot of purple.

Figure 4
https://files.peakd.com/file/peakd-hive/crrdlx/23tkjcsygGewKKjdGyQghDYRKZQYzjybCWe5TTrGVbw9VrS7UdnsrpBmDxyeKBRaYwE2k.png

Above, I used the word "hindrance" referring to GBTC being sold off. Maybe that's the wrong word, maybe "healthy change" would be a better phrase. The movement away from GBTC is a natural step in the toward-ETF process. Simply put, we want to see that huge purple chunk continue to diminish, as it's doing. It's currently, obviously, the mammoth in the room, but it is declining. Eventually, it will reach a point where the sell pressure of GBTC has run its course...either it will get to the level where holders no longer wish to sell, or it will get to zero. Either way, the GBTC sell pressure will end.

I have to note here two things:

1. GBTC could theoretically also have *buy* pressure. Not sure why anyone would do that given the fees, but it could *add* buy pressure just as much as the ETFs have been doing.
2. Conversely, the ETFs could add *sell* pressure. Right now, people are buying in and hodling. At some point, they will sell. Those colored columns above the water level will, at some point, may point below the water level at times. That seems a rather far away at the moment though. Plus, my guess is that the net will stay positive. One person may sell their ETF funds because that's where they are in life, but the gross aggregate I think will hodl.

The shape

So, as we watch the purple decline, the question arises, "How far will the purple graph drop, or, where will GBTC's outflow/sell pressure end?"

A simple view would be to take the three categories I listed above and just use the rule of thirds to slice things up.

- One third of GBTCers sell and rebuys another ETF.
- One third of GTBCers sell and cashes out (does not buy back into a BTC ETF).
- One third of GBTCers simply hold onto their GBTC.

Using this simple, stupid simple, framework, 2/3 of the roughly 600k BTC that GBTC held in the graph would slide down and the purple decline would gradually level off at around 200k. With GBTC currently holding 476k (see table above), that's 276k still yet to be sold off. That's roughly $11.8 billion. That's a lot of sell pressure. But, it's not insurmountable for the buy pressure to counter, especially if it's spread out over time.

The third-third-third angle is one way to look at it, but here's another way that I dumbly call "The Shape."

Six years ago (Jan. 20, 2018) I wrote about "The Shape" at https://hive.blog/bitcoin/@crrdlx/the-shape Even in 2018, bitcoin had been through several booms and busts. I cited five in my post then. It had died many times already.

A trend I noticed, and I'm sure others have seen this, was the shape of the price rise, peak, fall, and reestablishment of support. I drew that shape as below:

Figure 5
https://files.peakd.com/file/peakd-hive/crrdlx/EoCpRauc7D1NHqseXgbC9JwQxZRUkdKYfQK3q6QKxHLZTrhSXQoeRg3qYibykoYU93h.jpg

And I included an animated gif to illustrate the concept:

Figure 6
https://files.peakd.com/file/peakd-hive/crrdlx/23tmmf8RFJxgAq9htHmMXjosVsx9Q3znznZ7bsYhaRheMfTUK2sRwVyppgBRtpVkAfjGw.gif

It's definitely *not* exact. But the theory is easy to grasp: there is gradual growth, then excitement, then a euphoric rise no doubt FOMO-fueled, then a fragile peak followed by a drastic drop, then finally a general leveling out as new support is established. The bubble has burst, and bitcoin has died again. However, the newly established support level, though considerably down from the high, is also considerably *more* than the baseline that had existed prior to the run-up. Let's mark those points below: red is the original support line, green is the peak, black is the new support line.

Figure 7
https://files.peakd.com/file/peakd-hive/crrdlx/EoEwn3WUXqm8ptTWzcJfSi1M2ezvGVFWAmD8j87BUap9GJGFTmq4YX3WhsptNBSuDNK.png

Considering the third-third-third theory above, it's somewhat ironic that the black line, the new support line, is roughly one third the quantity between the red and green. The point is that the price seems to have stabilized in a roughly consistent position after each crash.

I feel there's something, not sure what, but *something* to the consistency of those proportional markers. More particularly, I look to psychology for a possible answer.

Making changes requires new ways of thinking and viewing things. Adopting bitcoin and thinking about things through a bitcoin world view definitely requires a rewiring of one's brain. This is not easy and not immediate. It takes time and it takes lunges up the mountain and sometimes requires deep slides back down to reestablish solid footing.

I'm sure many of you have seen the graphic below:

Figure 8
https://files.peakd.com/file/peakd-hive/crrdlx/23tw1x5y8YSPYgbbrc5m2qhYffJHs5tvU7XbYNY7QNbBGL5mpqFESMSG75JVuAqtcATGp.png
Source: https://fifthperson.com/psychology-market-cycles/

There are other versions of this, but each suggest the same pattern, the same general shape.

There are two takeaways here in my view:

1. There are human emotions driving, aligned with, or resulting from the wild fluctuations in the market cycle depicted.
2. When taken as an aggregate of humanity, this market cycle may be like the stages of grief (https://www.healthline.com/health/stages-of-grief), or the general adaptation syndrome (https://www.healthline.com/health/general-adaptation-syndrome#stages) in response to stress. That is, the market cycle may be somewhat universal among people.

The psychology of human differences tells us that *two* people may respond to markets in very different ways. One person may innately always remain calm and stick to decisions stoically throughout the cycle. Another person may ride the emotional roller coaster and make decisions as wildly as the market fluctuates. But, *altogether*, psychology tells us that the human brain works in patterns.

There is a reason that the wisdom of the crowd works to guess the weight of an ox (https://en.wikipedia.org/wiki/Wisdom_of_the_crowd#Examples) to within 1%. There is a reason that the decay of human memory could be used to locate a sunken WWII ship (https://www.npr.org/2011/09/27/140816037/how-psychology-solved-a-wwii-shipwreck-mystery). The market is likely no different.

Applying "The Shape" to the bitcoin ETF puzzle, the question, again, is, "How much will the purple GBTC graph decline?" Let's take a giant psychological leap and flip the shape vertically since we're looking for a *decline* rather than an increase. Flipping the shape gives us this:

Figure 9
https://images.hive.blog/300x300/https://files.peakd.com/file/peakd-hive/crrdlx/EoGogeR7HYPXnN7oWpqMX8RNGE4yYyHdQPxsU1BLN9ETHxcunfjDdtXtkX2RcpzNyiN.png

Disregard the sharp drop then rise - that would represent FOMO sell, which I guess is a thing, but doesn't seem to apply here. What I'm interested in is the *net* drop from the top left baseline to the rightmost baseline.

Superimposing that inverted shape onto the GBTC holding graph, we get this:

Figure 10
https://files.peakd.com/file/peakd-hive/crrdlx/23tv8HLFi7E5uFDwswXaXzWHRqyFeo8eAGoU8USb9EQNpZ98fhSV2CUeeWyPz5yTx8m6R.png

It's hard, or impossible, to predict how the purple GBTC holdings will diminish. The decline has been roughly linear so far. Perhaps it will continue linearly and this graph is hogwash. Or, looking back at Figure 4, there does seem to be a *slight* leveling of the purple in recent days - the negative slope of the GBTC "line" seems to be *slowly* nearing zero, slowly flattening out. I'm not sure if that's my imagination, wishful thinking, dead wrong, or *if there's anything at all to it*, but it does seem to show a kernel of a trend there.

If, *if*, IF, there's anything to this "shape" theory, Figure 10 would suggest that the GBTC sell off might be less than might expected. Rather than dropping to, say 200k BTC as with the third-third-third theory, the sell off might level off at a considerably higher level. If so, GBTC's purple dominance would still show obviously today. However, the other ETF funds/colors would begin to grow. *Eventually*, the ETFs would slowly diminish GBTC's proportional dominance.

Below is a brutal graphic of how things *might* pan out when we "zoom out" and look at a broader, future time frame:

Figure 11
https://files.peakd.com/file/peakd-hive/crrdlx/243BrjL1bLbRPvCV67Cpg1TGLFaYLVFi5dWcgriGbFTY1dLVa6fKDeZ8skzimy6GDJHck.png

This is wildly guestimating and contains the assumptions that (1) GBTC will stabilize in size and (2) the ETFs will grow in size rather than diminish. With these assumptions, the point here lies not in any accuracy of the graph...this is merely a visual to help my chipmunk brain conceptualize things. The point lies in the *proportions* held by the ETFs versus GBTC today and then compared to the proportions in the future. Whereas GBTC holds a majority today, in the future they likely will not.

### Summary

As the GBTC sell-off "threat" diminishes, it stands to figure that the BTC buy pressure from the ETFs will gather steam. If you wish to go bare knuckle brutal in estimates, extrapolate the timeline I drew to get a date. The ETFs have been around for 24 days so far (Jan. 11 to Feb. 3). I got out the digital measuring stick, estimated the distance/time from ETF start until today at 3.6 cm and the end of my timeline as 19.4 cm.

Figure 12
https://files.peakd.com/file/peakd-hive/crrdlx/243WgVgLhxuNXsfbfnphywjA7QRsDredesY1NVHf1GVZ7fUaLBb3oWL2nj6BXmoqZoqbG.png

I scribbled out the proportional algebraic equation and solved it below to make my eighth grade math teacher happy:

Figure 13
https://files.peakd.com/file/peakd-hive/crrdlx/23tSzR6hiGb7pUB47hzNUgUPfZYLULWnYr2NMQTwPhAi67KjefaAGZp7LRsARpWw9mPw3.jpg

I got lazy and instead of manually counting out when 129 days is from January 11, I asked ChatGPT to do it for me. I got this:

Figure 14
https://files.peakd.com/file/peakd-hive/crrdlx/23t8CfKPvXW8CYzkUh3C44w6FPnkcRo1FgmMDcX7eNhpRKQfPgKgGztdSmNVJYguFitcL.png

ChatGPT said the date would be April 19, 2024 (turned out wrong!). Since there actually *is* a leap day in there this year, that would make it April 20, 2024. How ironic, 4/20, almost the exact same day the next bitcoin halving is [currently expected](https://bitcoin.clarkmoody.com/dashboard/).

Figure 15
https://files.peakd.com/file/peakd-hive/crrdlx/23tGRUUcNwjV4ha9T73NHfgZNhPXDkyXRApCAT6J7si6Nih6S7Byq1zN8tZm2WEKMaBBc.png
Source: https://bitcoin.clarkmoody.com/dashboard/

My gut said something seemed wrong. Looking at what ChatGPT wrote and actually reading it, which I didn't do initially, it's crazy. So, I got out my tangible paper calendar, the one with the pretty birds and dogs on it, and counted the kindergarten way by physically touching each day with my finger as I counted. 129 days from Jan. 11 got me to May 18, 2024. Umm, ChatGPT, you were a little off.

So, remind me on May 18 and I'll revisit this to see how things went.

Again, this is all crazy number logic, but maybe worthy of a chuckle.

#bitcoin #nostr


I agree. The javascript doohickey doesn't like commas but I'll revisit it.


I recently added some fiat currencies alongside USD to the Satoshi Bitcoin Converter app.

https://image.nostr.build/89140d0bb26bce66e9dfa63be3643e6355b1cb48151b14ddf65554d8591a9928.png
https://satoshibitcoinconverter.com

#bitcoin #plebchain


I'm loving this dashboard for the #bitcoin #ETF products. Amazing how quickly bitcoiners spin up handy tools.

https://dune.com/hildobby/btc-etfs

#plebchain


This podcast episode is wacky enough and far enough out there to the point that I like it. Outside the box thinking is how we push things along.

Short clip:
https://fountain.fm/clip/8e5urkkkMbr6RvGrfPuM

Entire episode: https://fountain.fm/episode/ARLVIzakb2peaiUtNkiy
#bitcoin #robotics #scifi #plebchain


Not sure why I'm kind of surprised (maybe I thought there'd be some delay), but the BTC price and the ETF prices seem to be pretty closely correlated already.
https://image.nostr.build/466c6c790996dbf4c74e435a4f46bca9338be38aa63ced073a6d16aa2fb74f26.png
#bitcoin


I did a little work on the Satoshi Bitcoin Converter this morning. Now, much more importantly, it's time to go fishing!
🐟🐟🐟🐠🐟🐟🐟
https://www.satoshibitcoinconverter.com/

#bitcoin #fishing


The beginning TV reminded me of a silly animation I made a few years back.
https://image.nostr.build/b42d68942c24ddfed50b44ade4be4bf71deb3095d62ddd1f6e7edeedb21245ba.gif

See 'em all at https://wax.atomichub.io/explorer/collection/tvtelevision


I've never been able to do it with Alby either...get an error that says "bad" something. I've used Wallet of Satoshi and it's easy. Make a withdrawal request in Fountain, copy it. Open WoS and it'll pick it up. From WoS I send to Alby.


I think we're all still learning, I know I am!


Just zapped you. Came out of my wallet, I assume it got to you.


Link to source?


I wrote about this last week calling him an "Inverse Bitcoin Maximilist." My thoughts: https://stacker.news/items/393551


Reading "We the Living" right now and enjoying it. Will be the last of Rand's fiction for me. But will likely read "The Fountainhead" again...liked that one best.

"Long live freedom, dammit." -Javier Milie, last week


Yup. Nostr works.


Changing browsers and getting Nostr set up on new browser. Just testin' here.

#nostr


Just took time to read Javier Milei's speech from Davos on Jan. 18, 2024. It's going to be a legendary. It'll be referred back to and referenced in years and decades to come.

Transcript: https://www.weforum.org/agenda/2024/01/special-address-by-javier-milei-president-of-argentina/
Video: https://www.youtube.com/watch?v=Pfcd0gWNIog

#economics #bitcoin


Jamie Dimon is an Inverse Bitcoin Maximilist. Read on Stacker.news at https://stacker.news/items/393551

#bitcoin #plebchain


My favorite part was him saying people can "do bitcoin."

Doing bitcoin


Posted after hearing Jamie Dimon say he's OK if someone wants to "do bitcoin."

https://x.com/squawkcnbc/status/1747598755233218884


Doing bitcoin


Quick ETF thoughts:

1. Initial volume looks great. Such interest seems bullish. Numbers: https://finbold.com/bitcoin-etf-records-10-billion-trading-volume-in-3-days-outshining-all-2023-funds/
2. Then why the price drop? The drop after the launch may be in part due to Grayscale GBTC selling off in order to convert to the ETF. If that comes to fruition...also bullish.
3. Give it time. TradFi moves at a different pace than crypto. Think long.

#bitcoin #ETF #plebchain


Yes, I was aware of this and didn't miss the revolutionary nature of both. Six months ago, I wrote about Martin Luther and how he taught us ways to get one's message out. My article focused on the Hive blockchain, but you could substitute the word "Nostr" for "Hive" in the article and it's completely the same message.

https://hive.blog/hive/@crrdlx/what-martin-luther-taught-me-about-hive


For hard core bitcoiners only: https://hive.blog/bitcoin/@crrdlx/satoshi

https://files.peakd.com/file/peakd-hive/crrdlx/23tcNRVyjR1XecmRYf7VPkdf1cFCaGgABUqZddbMZB5md19xf4FzGaAjaA2exN2mbGMuP.png

#bitcoin #satoshi #plebchain


Man had a good game last night. Had some real zing on the ball.


This Krugman guy annoys me. He's now announcing that, "Inflation has been defeated." Umm, prices are STILL going up. Simply because they're not going up as fast as they were a year or two or three ago at a stupid-high rate, prices are STILL going up.

I can read my receipts at the grocery store.

Maybe I should just be thankful that smart people like Krugman are informing me that inflation has been defeated.

Good morning, Nostr, by the way. :)

https://www.cryptoglobe.com/latest/2024/01/renowned-economist-paul-krugman-declares-that-in-the-u-s-inflation-has-been-defeated/

#economics #inflation #coffeechain


Random nostr-ish gifs (inspired from note at bottom)
https://void.cat/d/YWs7jiRJPgyx7ZkPuprap1.webp

https://void.cat/d/7N29hRBCDJkvAZNFf9sVAR.webp

https://snort.social/nevent1qqsxhvry59xnm4vqgfnh4cp2q3d6v86s9sqm7lvh96mkvevkax9gduqppemhxue69uhkummn9ekx7mp0qgsy8w40ps5wdna3jkchacyrux0t8f90m7k9fkdkhtchqfcw6xf7xnqrqsqqqqqpwgr5xd

https://void.cat/d/2HjLxKvwmFet4UZhz23NtA.webp

#nostr #plebchain


Yeah, I understand. I will say it's actually being used by the "v4v app" at https://v4v.app which is nice.


Pump it.

https://image.nostr.build/71c46d294ffe02012b3246ce195b75342187cd69081ded5d6824becd9f480262.gif

Inspiration from @Bitpopart at note below: https://snort.social/nevent1qqsxhvry59xnm4vqgfnh4cp2q3d6v86s9sqm7lvh96mkvevkax9gduqppemhxue69uhkummn9ekx7mp0qgsy8w40ps5wdna3jkchacyrux0t8f90m7k9fkdkhtchqfcw6xf7xnqrqsqqqqqpwgr5xd

#plebchain


Talkin' logos, I've long pushed for the Japanese Katakana "shi" symbol  シ as the symbol for a satoshi. It's been 8 or 9 years now since I suggested it, wow. Link below shows original suggestion and reasoning.

シ

https://sbc-v7.on.fleek.co/pages/why.html

#bitcoin #logo #logowars #nostrlogo


Forgot the link to the article: https://cryptopotato.com/sec-chair-says-bitcoin-is-centralized-after-approving-etfs/


It's exhausting to read the ignorance all the time. This time, I read Gensler's statement, “Now you can buy [Bitcoin] through this thing called an exchange-traded product that’s, well, centralized.”

Two things here, either...

(1) Gensler is flat out lying by saying buying the ETF is buying bitcoin. I think everyone here knows it is not...it's buying a receipt from someone else who owns the bitcoin and trusting they'll "pay you back" when you choose. But, due to Genslers own rule, they pay you back in fiat USD! You don't get paid in BTC so how can that be "buying Bitcoin?

(2) Or, he's clueless and doesn't know the difference.

Either way, how is it okay for the SEC head to spread such misinformation?

By the way, I realize bitcoin purists here are anti-ETF. Still, I love the ETFs and feel its uber-bullish going forward. I know an ETF is not owning bitcoin, but for what it is, it's great.

But, dang, the misinformation daily is exhausting.

#bitcoin #etf #plebchain


For-the-cause-me says, "Let's promote nostr loudly from every rooftop so as to build this thing up and out."

Selfish-me say, "Let's keep this gem to ourselves. Right now it's full of bitcoin and freedom lovers, let's not bring in the sheep on the 'socials' to pollute it with spew."

#grownostr #dontgrownostr


15 years and still...

Running bitcoin

https://image.nostr.build/21a0377e266e0b5b7d2dd1fb06454954d1744a270035abc68245564b343b0c38.jpg


Can you find the moment that Gary soiled his pants?

https://void.cat/d/4ipXNqzSbTJr8Dqj5Bui11.webp


So, the SEC is out to protect we the people...pretty sure people lost money due to their inability to prevent their X/Twitter from getting hacked. Don't verify, trust (the SEC)!
#bitcoin

https://void.cat/d/DadmMsrmcSbJzeZJBkj9Dy.webp


I love #bitcoin for a ton of reasons but the drama is absolutely amazing!
#ETF #SEC #hack


I had a TDAmeritrade account and had a couple of dividend stocks. Each quarter i get a small dividend, then when I remember, I'd use that cash to buy more shares of the stock.

Then Schwab took over TD and I decided I was overdue to login to Schwab and check things and buy more dividend shares. I was just about to buy, then it hit me...

The #bitcoin #ETF seems to be coming soon. Instead of buying stock shares, I could buy shares of the ETF instead. If I did it each quarter, it would basically be quarterly DCAing bitcoin.

Yes, I know it's not buying bitcoin and is custodial, but the alternatives are either (a) buying stock as id been doing or (b) moving small amounts of cash out of Schwab to an exchange and buying BTC...not practical. The ETF seems a great option to me in thus case.


For perspective, the red arrow here points to the chart highlighted in that April 2013 graphic once zoomed out to max.

https://void.cat/d/AhXWoZz4YuLKGguyxZmfH2.webp


How ETFs work and how JPMorgan can make money...despite Jamie Dimon saying #bitcoin is bad (and his daughter owning bitcoin). Audio clip of about 3 minutes.

https://fountain.fm/clip/fXr6WmcJCq7gJPzejzxX


It's a date. Looks liked we've moved from expecting ETF approval to setting an expected date: January 10. That date already is part of #bitcoin lore as the day Hal Finney tweeted "Running bitcoin"
https://twitter.com/halfin/status/1110302988?lang=en

By the way, I'm kind of slowly participating in the Running bitcoin challenge. Between Jan 3 and 10 you're to run/walk/move 13.1k in support of ALS research. See https://runningbitcoin.us

ETF date article: https://ambcrypto.com/bitcoin-spot-etf-blackrock-expects-approval-on-this-date/


Evidently, Bitcoin Magazine suggested the SEC felt it necessary to put out a FOMO warning regarding a digital assets, i.e., #bitcoin ETF.

The ETF sounds imminent, but also makes me wonder two things, (1) Do they normally do this with a new ETF? And (2) What are they expecting to happen in order prompt them to put out such a notice?

https://twitter.com/BitcoinMagazine/status/1743659848175165823?t=s3kDrIkQrM1zyk9W2thiGw&s=19


My #Christmas lights are still up. This time of year I always feel a little self-conscious because I'm the only one in the neighborhood with lights still shining at night. That's the case now and it kind of stands out. The obvious question, "Why are your Christmas lights still up?

My wife pointed out to me years ago that, traditionally, Christmas lights are left up until Epiphany. A couple of fun facts:

Many folks likely know the word "epiphany" in a way such as, "I was stuck trying to come up with a solution to my problem, but then I had an epiphany and 'Voila!' I figured it out!" In this case, the solution was revealed to you. But religiously, Epiphany refers to events in the life of Jesus that were revealing. Particularly, it is the revealing of Jesus as God's son, the Messiah prophesied in the Old Testament of the Bible. It gets a little muddled from there because there are different events in Christ's life that are "celebrated" with Epiphany: Jesus's circumcision (showing he was a human under God's law), the visit by three wise men (where non-Jews acknowledged him), Jesus's baptism in the Jordan river (where each part of the Trinity were present), or the wedding at Cana (where Jesus performed his first miracle to kick off his ministry). In each of these instances, the revealing epiphany or realization is the message: Jesus is God in human form.

Most people have heard of the Twelve Days of Christmas and the song (which I find kind of annoying and a bit weird). But, the twelve days of Christmas are the twelve days from Christmas day to Epiphany (January 6). Count them out: Dec. 25, 26, 27, 28, 29, 30, 31, Jan. 1, 2, 3, 4, 5. That's twelve. January 6 gets its own special denomination as Epiphany day. So, technically, we're still in the Christmas season. Keep eating those cookies!

Epiphany doesn't seem to get a whole lot of recognition, maybe that's why no other lights are up around the neighborhood. But, I do know that it's a big thing with the Greek Orthodox church. For instance, I know there is a big celebration in Tarpon Springs, Florida that's really neat in a lot of ways. There, on January 6, the entire town essentially shuts down. The Greek community (Tarpon Springs has deep Greek roots...Greek people migrated to the town to dive in the waters for natural sponges) has religious services, then a festival on Jan. 6. The highlight of the festival is when young men (teenage guys), "dive" into the water in the local bayou. A priest tosses a cross into the water, the young men race to retrieve it, and the boy who fetches it is supposed to be blessed. The other boys hoist him on their shoulders and they parade through town. Then the food and music begins. (The food is amazing.) It's really a neat tradition.

So, my lights are still up and then they'll come down tomorrow. 😀
https://void.cat/d/Q8NFATqfGdqVTnGoDqc5Xt.webp


You know you're back in the fiat mines after the holidays when 2/3 of the way to work you realize you forgot your keys to get into the building...turn, go home, get 'em. By "you" I mean "me" today.

It's all good though, I bicycle to work so I just got some extra exercise and extra time listening to bitcoin podcasts on fountain.fm Promoted pods seem back by the way which was an extra bonus.


Preach on!


Happy 15

 A decade and a 1/2 and still going strong,
Thank you, Satoshi.


Computers and coding have a unique way of presenting error messages that tell you nothing, or at least a unique way to phrase things. This one today was an exercise in redundancy.
https://void.cat/d/9XJLe6v4mo8yavGXaLaL2d.webp


#bitcoin is up 7% for the year 2024.


What Gen Z thinks about #bitcoin. Spoiler: bad news, they're kind of meh. Good news, if and when these kids get it, they can get it fast. Good news #2, it's still early.
https://bitcoinmagazine.com/culture/what-gen-z-thinks-about-bitcoin


Anyone interested in #AI I shared some thoughts yesterday. You might like a look see. Talk about AI, drones, dogs, bitcoin, Portuguese man o' wars, and slime molds.
https://peakd.com/ai/@crrdlx/ai-man-o-war-welcome-to-the-aimow


Happy 123123 #plebchain


Wrote some thoughts on AI and humans and dogs and slime molds. Check it at Stacker News or Hive.
https://stacker.news/items/371859

https://hive.blog/ai/@crrdlx/ai-man-o-war-welcome-to-the-aimow

#ai #bitcoin #computers #plebchain


Wow, is this right?

1. Sam Bankman-Fried gave $100 million to politicians.
2. He gets convicted of fraud. Some charges still out there.
3. Yesterday, the DOJ drops the charges pertaining to giving to politicians.
4. This is being done for the sake of the "victims" and "public interest."

Where I saw it, with document: https://dscvr.one/post/1152921508913152879


Jamie, baby, you painted yourself into a corner and need a way out. I got you. Ima write you an X-Twitter post you can copy/paste to fix your problem:

"In the past, I was critical of #bitcoin. Due diligence at #JPMorgan has led me to believe the Wild West days are over. Due to its stability, security, and sound-money qualities as a hard asset, when it comes to bitcoin...I'm in!"

That's it. Tweet that, all is forgiven, you're one of us. It will change your life.


Couldn't sleep, so I was gonna read about JPMorgan and Jamie Dimon...dude's got gall to say one thing and play the opposite. But I figured, nah, pretty, clear night. With my "stargazing" app to guide me, I learned some new astronomy stuff instead. Good decision.

https://cointelegraph.com/news/jpmorgan-ceo-backlashed-for-bitcoin-etf-role-amid-anti-crypto-comments


In a way, yes and that's part of the "sausage making" process and it's a good thing.


My thoughts on Ocean.xyz and the Ordinals debate.
tldr; Bitcoin is seeing the tragedy of the commons play out. Allow the free market to resolve itself.
https://stacker.news/items/369458


Mainstream media just can't resist showering the public with the "crypto scam" narrative. Currently, CNN has a feature story about phishers and human trafficking as the lead. Just below that, Chinese or Myanmar warlords. And then, the obligatory "crypto" scam story. Always necessary to lump things together and push the crypto is bad mantra. (And since bitcoin is king, it must be really bad.)

https://void.cat/d/7DQkLjKd6V5cQz9FGgE62H.webp


Todays Nostr Wiki addition (under construction): http://nostrwiki.crrdlx.infinityfreeapp.com/doku.php?id=wallets


Slowly building it.

https://void.cat/d/79PJKeQ8FYWkuGiAWaHkej.webp

https://nostr.on.fleek.co


Y'all ever hit something on the keyboard and immediately have that "Uh oh" moment?

https://void.cat/d/GHkwyn2MZFjTZMGKdcQEXe.webp


I saw this chart somewhere on the net. Not sure if it's 100% accurate, so take it for what it is, a chart showing bitcoin ETF dates from somewhere on the net.

https://files.peakd.com/file/peakd-hive/crrdlx/23swhwX826gnYCk8psPN229vRDgogAre8v6Vwkg4AXLLucAYh7atGk39MLVphT7tnPETC.png
#bitcoin #etf #plebchain


Unsure, but I don't care.


What's the red eye icon on my profile pic while using Snort.social on my  Android phone (left photo)? On a desktop or laptop, I have a green check mark (right photo).
https://void.cat/d/Lo88CRwuQdXJvXQmX4WH53.webp


Anyone with a dog or puppy in your Christmas plans, y'all need this song...

https://files.peakd.com/file/peakd-hive/crrdlx/23uFwMHA8Ga6EooTLAQpxL4pqiB97WuCGExe2prouqGkwuwYPJSnT3MsTiRPb5vLb4jtt.jpg
Listen to "Christmas Puppy" at https://gateway.pinata.cloud/ipfs/Qmb8qC5z4NNyPbnueoSYFbDoroBnKFjGGcM28PxGdyz7Yw

Other links (mp3, mp4, alternate links): https://nefties.com/pages/puppy


Just worked on this Nostr wiki page. What's missing from this list?

http://nostrwiki.crrdlx.infinityfreeapp.com/doku.php?id=wiki:client

#grownostr #plebchain


Do your research. Know your bitcoin.

https://ordiscan.com/inscription/34145265
#bitcoin #plebchain


For some reason, I've always loved cold, rainy, gray days...just like where I am today.
I just feel growth and promise beneath the cold and rain.
https://image.nostr.build/e26cf6c7947578ac0784722b8065fc4db957ad18fa59297b7397b8676e96c9ee.jpg
#plebchain #hope


Just wrote a bit on #Worldcoin (the iris scanning orb outfit) after they pivoted a bit on how they do things.
https://stacker.news/items/360717
#plebchain #bitcoin


I put everything Satoshi wrote on the#Bitcoin blockchain as an ordinal, everything. It s 100% on chain, not a link to data off chain. See https://ordiscan.com/inscription/34145265


I actually wrote an article today pushing back on this... nostr:nevent1qqs8a47hcetzr4qxtywdw6gmgxyapdcparlhuyshpng5g44rflsl96cpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzqqzmcn0yrn7ttq8hrjkk46ysn2tk26rr8f8k4y7xkl74hlh3rcdzqvzqqqqqqyf2khcz


A fellow wrote a post saying #bitcoin #ordinals were #fiat. I pushed back on that at https://stacker.news/items/357012


It's a little weird to think of it, but Satoshi wrote ideas which were turned into the Bitcoin blockchain. Now, all of those words that created the chain are stored and live on the chain itself and can't be removed.

Reminds me of the weird ouroboros snake...it eats off a piece of its tail in order to survive in a circular pattern.
Satoshi's words in a zip from the chain:
https://ordinals.com/content/dae718486f13ad78c1539264b21cf84e3933e2b2bbe96c960b4d612298f601e7i0

Details at https://hive.blog/@crrdlx/satoshi
#Bitcoin


The church just before the start of the children's #Christmas service tonight.

https://image.nostr.build/5e69861ab57d9b256bceff0d2aed95d982d5bda13881e5e26798f99313cdbc48.jpg


I love Wednesday evening Advent services. Not to mention that pulled pork dinner beforehand was nice as well! 🐖
#Christmas


Bring on the Christmas Songs. Here's mine, "Christmas Puppy"

https://njump.me/nevent1qqs8pqqfj62l84ar3weqkg7u7ztudqqv6dn6qme4fap0jqhacvtcdggpp4mhxue69uhkummn9ekx7mqzyqq9h3x7g88ukkq0w89ddt5fpx5hv45xxwj0d2fuddlat0l0z8s6yqcyqqqqqqgcny003


The pretty anchor on the CBS news was just talking about a photo from the Webb telescope of some supernova. She emphasized that it's 16 TRILLION miles wide to showcase the immensity. How come the US's debt more than doubles that (and is growing), but that'sapparently no big deal?
#debt #bitcoin


It's hard keeping all of one's links up to date. Just got them all good to go with #bitcoin and #nostr links added.
https://crrdlx.on.fleek.co/
I will say I love the auto-deploy of things like fleek, netlify, render, and vercel. Just update the GitHub repo and the website is live.
#plebchain


Which page of the "Nostr wiki" should be written next?

https://nostr.on.fleek.co/


Even better list of links: https://nefties.com/pages/puppy.html


Just realized that link might not work, try this: https://ipfs.io/ipfs/QmdMKiAtukDmrKY5CN3eaAW6Hw3Edmjr1pCMDkSBMWUs7W


Anyone need a smile or a chuckle in the holiday season? Here's the "Christmas Puppy" song.
https://peakd.com/hive-193084/@crrdlx/7hxdrwyrvuezfmxewchlvb
#Christmas #holidays #music


Just updated my "about" page so better reflect a bitcoin-first approach.
https://peakd.com/about/@crrdlx/about
#plebchain #bitcoin #hodl


When you need a quick and simple way to figure sat <--> USD values.
Satoshi Bitcoin Converter at https://sbc-v7.on.fleek.co
https://image.nostr.build/a08fe5ac69197df6146513bfacd32fd9e8f046200ea2fff2b8e1c9c9c9a64e38.png
#plebchain #bitcoin


Here's a #Christmas song I wrote, sang, and animated a couple of years back, "Christmas Puppy."

https://3speak.tv/watch?v=crrdlx/rrloklph

Other links: https://hive.blog/hive-148441/@crrdlx/christmas-puppy-an-original-song

And my crypto sea shanty song, "The Hodl Song": https://peakd.com/crypto/@crrdlx/the-hodl-song


Anyone want to try and explain this so mortals can understand? https://cointelegraph.com/news/bitcoin-nft-marketplace-bioniq-congestion
I've read before of bitcoin transactions being carried out on the Internet Computer Protocol, or that the ICP can interact with the bitcoin chain. This is the first mention I've heard of Ordinals and of Nostr being used as well on the ICP. #asknostr #bitcoin


I doubt they'll do that rhough if the whole reason was fear of regulation. My guess is that they'll rely of people in the wild simply sharing the Android apk.


What's the future of Wallet of Satoshi in the USA?

A. If it's already on your phone, it'll continue to work but will slowly get iffy without future updates.
B. It'll just stop because WoS pulls the plug.
C. It'll just stop due to US regulations.
D. Other?

I think A but don't know.

#plebchain


Schadenfreude Friday

Gary Gensler: https://www.cryptopolitan.com/tom-emmer-eyes-subpoena-for-sec-chair/
Justin Sun: https://coinpaprika.com/news/analyst-warns-of-possible-collapse/
Sam Bankman-Fried: https://www.coinspeaker.com/sam-bankman-fried-prison-crypto/
Do Kwon: https://www.cryptopolitan.com/do-kwons-extradition-has-been-approved/
Unknown: https://dailyhodl.com/2023/11/24/someone-just-paid-3140000-in-bitcoin-fees-for-a-single-btc-transaction-on-chain-data/

#schadenfreudefriday #plebchain #coffeechain


What $100 or 98119.2 🇦🇷 Argentinian Pesos looks like in #Bitcoin:

0.0026534221982116996 ₿


Speaking of orange pills, I just wrote this https://stacker.news/items/326451
You might get a kick out of it.


I got a kick out of this article: https://cryptopotato.com/very-curious-bitcoin-price-correlation-with-an-unexpected-fruit-markets/ and wrote this today: https://stacker.news/items/326451
#bitcoin


https://files.peakd.com/file/peakd-hive/crrdlx/23yU4r8Vj3WgocDJ3oZVow6St2NsLfLYZdEgFwYGaFQWy6UhxpSDbL3oqJgw6ibhhrpZs.png
help buidl out the #nostr #wiki
click edit, have fun
https://nostr.on.fleek.co


Activity: Spent the entire morning, ahem, "coding".

Lesson learnt: It's hard to code when you really don't have any coding skills.

#coding is hard, and frustrating


Milei won in Argentina for this reason:
https://image.nostr.build/29bc41f3f9e2fbc194c8ceae0738d01879d512b74b648693b0c0799d745e4d68.gif
#inflation #economics #bitcoin


This captcha had me puzzled for a minute.
It asked that I "click on all images containing the largest animal in real life."
I wondered, "Largest compared to what?" That hummingbird is larger than the bee. That crab might be bigger than the hummingbird. Or, is it a spider? And there's another crab, but it looks like a fiddler crab, which is smaller than a hummingbird. The tortoise is big, but it's not as big as a lot of other animals in real life.
Finally, I saw the prompt pictured a turtle. So, basically, they were saying, "Click all turtles."
Guess I was overthinking things. #coffeechain
https://image.nostr.build/efceb7f41f249728bd33038235d378f25408b476c318d5b238d4a952c29ed3d2.jpg


"The Hodl Song"
https://peakd.com/crypto/@crrdlx/the-hodl-song
Best when sung with friends in a pub (after you've been there a while!). #hodl #bitcoin


Nostr Assets - trying to wrap my head around this

This post may read as a bit ignorant, but that's okay. When I'm stumped and figuring things out, I write. The writing (a) helps organize my thinking, (b) allows for anyone reading to clarify, and (c) may help any other fellow ignoramuses.

Today I saw an article about "Nostr Assets": https://www.cryptopolitan.com/nostr-assets-halts-deposits-surgingactivity/

https://files.peakd.com/file/peakd-hive/crrdlx/23t752HCrKyr6WzWcegWGQKVc5umqEsCLqKoVRxBB16tNgAEAuXBaVX4iQYTVViFUhvkQ.png

The "Nostr" part is what caught my attention. The blurb above and subsequent tldr; in the article confused me, though. Some terms and phrases in particular threw me off:

- "Nostr Assets", huh?
- "on the Lightning Network"
- suspension of deposits
- suspended a third time this month
- unprecedented surge
- immediate maintenance
- "Fair Mint" launch
- "previous airdrop"

Okay, wait, I have questions. In no particular order...

1. What's this suspension business? And immediate maintenance? Nostr has been working fine.
2. Suspension deposits? You don't need to deposit anything to use Nostr.
3. And "on the Lightning Network", what's that? Nostr is a separate beast from Bitcoin. They love each other, but they're two separate systems.
4. What is this "Nostr Assets" anyway? It must not be Nostr, the protocol.
5. And what in the world is this talk of "Fair Mint" and airdop.

Let's dig.

Quickly, I started to think there must be some type of confusion on my part regarding wording and naming. "Nostr Assets" must be something other than Nostr. A search led to https://doc.nostrassets.com/ which seems "official" for Nostr Assets, as best I can tell. That page sorta helps me, also rather confuses me further. What I conclude, using my chipmunk brain, is:

a. Nostr Asset Protocol (NAP) is a different critter than the Nostr protocol (Nostr).
b. NAP uses Bitcoin Taproot tech. NAP/Taproot essentially bridges between Nostr and Bitcoin to allow for deeper functionality. No change or fork is needed, yet, more things can be done with Nostr using NAP. As I understand, this is very similar to Bitcoin Ordinals (which also use Taproot to do what they do).

The Nostr Assets Protocol Medium has more info: https://nostrassets.medium.com/

Back to the original article that I saw, the parts about "Fair Mint" and "airdrop" were/are a bit worrisome. First, when I read someone pushing "fair", a red flag pops up in my head that says, "I want someone else to do more so I can get more, that's fair." That aside, I have heard of things like a, "Fair launch" of tokens. Generally, this means things like: it's announced up front, anyone can participate, there is no stupid pre-mine, there is no percent reserved for founders, emission is hard-coded and transparent, tokens are distributed based on something like...work.

What's more, I wondered, "There is no Nostr token, what launch are were talking about here?" I still don't know the answer to that question. But, it seems that the NAP somehow allows for token creation, somewhere. Again, this sounds to like Ordinals, like BRC-20 tokens. Maybe I'm wrong, but that's what I see.

Regarding "airdrop", again, my red flag jumps up in alert. I've never heard of an airdrop with Nostr. My "seems scammy" hairs on the back of my neck tingled. Airdrops usually come after a great big pre-mine minting of some coin. Combined with the idea of "deposits" being suspended, it sounds very questionable.

I guess, I'm mixed on reading this. I like innovation and increased abilities sound like a good thing to me. But, parts of this sound incredibly questionable.

If anyone can add insight in comments to help me try to figure this out, I'd be interested to learn.

#nostr #grownostr #plebchain #bitcoin #taproot


Let's throw Throwback Thursday back to Wednesday.

Recently, I was in a public school sitting and waiting. Whilst waiting, my eyes meandered sideways and saw a bitcoin-orange book laying there titled "research colleges on the world wide web." Okay, I'm intrigued. Is my favorite college listed there in the world wide web research book?

I thumbed it open a few pages and immediately got flashbacked backed to the 1990s via a screenshot of Netscape Navigator.

https://files.peakd.com/file/peakd-hive/crrdlx/242DSa8QfAc9c9NtAadWsyNBFCb5fFHxcSwtpUTHboQN9721G5rjBF8y6FZLqbfyVzX4e.png

Why this book was laying there, on a desk in 2023...well...I have no explanation.

https://files.peakd.com/file/peakd-hive/crrdlx/23wXJ5CJR9S8nfDUEp8e52wk2HK7PtFk8ieaQvsL48iM9qM4TPwgFp8RD1whd36c8E1xk.png
"researching colleges on the world wide web" book cover.

https://files.peakd.com/file/peakd-hive/crrdlx/23wXL9C8iMvHxbQShX8HXwfzegvYVh5L62eSgMg1d7jmTAvGRSpxj5R2qn7LuaHQaKy3b.png
Copyright page.

"How old was this thing?" I wondered. I checked the publication year: 1997 with images from 1996. I thought to myself, "This is going to be classic!" and turned to the first page of text, below:

https://files.peakd.com/file/peakd-hive/crrdlx/23vsp76sr4qnbip8KH2oD8PdeXcpn1osjEpYNRs7Y6RAdXLpUGh9NQRZiTTgG9eZFSfEJ.png

Evidently, in 1997, the World Wide Web (capitalized) "brings together all the material available on the Internet--graphics, sound moving images, and text--on one "page" or Web document." Holy smokes! Why can't we have all of the Internet on one page today?!!!

The next page or two had images of Netscape Navigator and I chuckled at the naked simplicity of the UI (which I deeply respect). So sweet were the days, so naive and innocent was the Eden of the nascent Internet.

https://files.peakd.com/file/peakd-hive/crrdlx/23yTzLW5mHhpeHBc1QrnxNn6VyWzhfNhUHMGrhym2DGrBixebZCDFREcUV2NKT2wpNKjW.png

Then things started to get a little weird...

I started to read the text that was screen-captured in the Netscape Navigator image. It was a brief history of the Internet (an Internet *history* written in 1996, nice). The two sentences highlighted below succinctly described the problem with centralized systems with a single point of failure versus a decentralized, rather, a distributed, system which had no single point of failure. Umm, wow. Sure this was written in 1996 or 97?

https://files.peakd.com/file/peakd-hive/crrdlx/23u6QFBE8oB5f1iZ3vi72FyXSzqkdz9rk5NgUPgfEQWnHw3LTqSdR2PSgLUyFNTFC973v.png

If one point in the network was blown up, the whole network would become useless. Paul Baran, one of the Rand thinkers on the project, conceived the idea for a new kind of communications network, one that wasn't organized point-to-point, but instead was set up more like a fishnet.

Still half chuckling on the next page, I guffawed at the arrows pointing out things like "Back button" pointing the button labeled "Back" and "Forward button" pointing to the button labeled "Forward button" and "Location bar" pointing...well...you get it.

https://files.peakd.com/file/peakd-hive/crrdlx/23ydNzsfH8YCAtyZi3Mjj7BBNENcAsmvJ9or5PZCDUyNRFiVT1CGki4L8iRWTMqRV25pU.png

Yet again, I paused to read what was frozen in the screenshot.

https://files.peakd.com/file/peakd-hive/crrdlx/23yxATEoH2Jh42hhGg12pjpnvtFi24GNCQAjG9XQZXPac4xXmsHmfoHL7vVJm9dC9bnFw.png

Zoomed in:

https://files.peakd.com/file/peakd-hive/crrdlx/23w38cpQep1zewYEhszzfdXL6SaR57URxPZAVsJQKUw8EZ9dXVspHSQdyPCPsLjThm79S.png

Netscape will bundle Cybercash's CyberCoin into Netscape LivePayment and future Netscape products. The new technology will broaden payment options for Internet consumers.

Wow. That sounds a lot like bitcoin and cryptocurrency to me. And that was written over 20 years before Satoshi dropped the whitepaper. I'm sure it didn't work anything like bitcoin, and I'm sure it must have been built on the rails of legacy finance, but, wow.

CyberCash was new to me, so I looked it up...CyberCash on CNET: https://www.cnet.com/tech/tech-industry/cybercash-opens-net-to-small-change/ It was trying to handle small payments, down to 25 cents, over the 'net. Bitcoin Lightning fans would be proud.

I can't help but wonder, "Why was that book there after all this time?" I still don't know. But, a word does come to mind and I'm eager to find out more to this story...

Serendipity.

#bitcoin #lightning #plebchain


It's hard enough nowadays to decipher what's real and what's not. There's fakes, and deep fakes, and fake news. Evidently, we're now parsing out "fake news" into sub-categories. Now we have...

genuine fake news

...which, I assume, differs from disingenuous fake news. Or, maybe, from fake news that is fake fake news.

If you're keeping score, we have:
1. news
2. fake news
3. deep fakes
4. genuine fake news
5. disingenuous fake news
6. there must then be genuine deep fakes, and...
7. disingenuous deep fakes
8. fake fake news
9. fake genuine fake news
10. fake disingenuous fake news
11. genuine deep fakes
12. disingenuous deep fakes

Are there more? Inconceivable.

https://image.nostr.build/00974043f1088c6409810c6db9d9730c7385f422bcfb4d6b8e06851f33a8673d.png

Image source: https://en.cryptonomist.ch/2023/11/15/stablecoins-problematic-bitcoin-blackrock/


I totally agree that it's simple and bitcoin is better. To me, your question seems to imply, "Why is it taking so long to change over to a better system? "If that's part of it,  in the second column, it might also list: "putting money into the pockets of banks and the powers that be."


I'm really liking https://nostrudel.ninja on Android. Actually it's a web-based PWA (which I also like). Can "download it and feels like a native app.


Nostr wiki, see https://nostr.on.fleek.co/

Would love some ideas and/or help to build it out. (It's a wiki, no login currently needed, just add or edit.)

#grownostr


Kind of similar: https://iris.to/note10ke5633ad5n9m78783wvcrjl5utyj5skx8y09mn96gd7zqzhnlhsnr4584


I put "Kicking the Hornet's Nest" (all of Satoshi's words) in one on October 31. https://hive.blog/@crrdlx/satoshi
https://files.peakd.com/file/peakd-hive/crrdlx/AKbFN8bsMvbezRG9KfrB6odhByKoT2vnj8kQHmknPsKAVJbQdN1p5YWGMBjazXA.png


Because of religion, I don't agree 100%, but do agree 99.999%. I put Satoshi in the same category as Isaac Newton and definitely with Adam Smith, which is why I edited https://hive.blog/@crrdlx/satoshi


True about Luther's side in that. He wrote a pretty scathing put down of the revolt. I think it's worth noting that his siding was based on religious ideas and not economic or social. Luther had the view that all governments are instituted by God and civil laws should be followed. Roman's 13:1 sums his view, as does the "render unto Caesar..." passage. The plebs were surprised he sided with the powers though. All of his writings were about challenging the old powers and putting power (scripture) into the hands of the people. Really, it was decentralized religious power from the church to "priesthood of all believers." Hence the surprise. But to Luther, it was all religious freedom...he separated the religious and economic and said the political should be followed due to Biblical teachings.


Happy 15 year #bitcoin whitepaper day #plebchain!


100 years from now, people will write, "In 2023, they used to sling around sats for free to one another like mad. Now it's 18 sats mined every 10 minutes."


This reminds me of page 85 through 93 of this: https://www.docdroid.net/SW5DeXa/the-autobiography-of-satoshi-nakamoto-by-matthaus-jandacek-pdf#page=85


My first nostr note was May 6, 2023...
It's no longer "with me" because it was with other keys, but I had the sense to chronicle it anyway.

https://peakd.com/bitcoin/@crrdlx/running-nostr

Still learning, and this note is my first #Zapathon


Serious question: why this rather than Brave?


Agreed. It seems to do everything I'd want, has an uncluttered look and feel, and is a PWA.


Gradually, then suddenly, then gradually.

tldr: Don't be discouraged if a price spike after a #bitcoin #ETF approval is temporary.

We've all heard the "gradually and then suddenly" line. We all know where it's from, right? I'll admit, I didn't until I just looked it up. I knew it was from Hemingway, but I thought it was in answer to how he became famous. Wrong. It's from The Sun Also Rises (my second favorite Hemingway book, behind A Farewell to Arms).
“How did you go bankrupt?” Bill asked.
“Two ways,” Mike said. “Gradually and then suddenly.”
Quote info: https://quoteinvestigator.com/2018/08/06/bankrupt/
I'm not writing a book review here. Rather, I wanted to discuss the bitcoin ETF that all signs seem to point toward imminence. I feel it's imminent...you can't hold back the tide. Recent comments by Blackrock CEO Larry Fink here: https://cryptopotato.com/blackrock-ceo-larry-fink-shares-thoughts-on-a-bitcoin-btc-bull-run/ More specifically, I want to address the feeling that an ETF (or ETFs) approval will send things mooning. We all saw the euphoria over the false X-Tweet recently...the sudden spike and the sudden fall. The easy conclusion is, "When the ETF is really approved, we'll moon!"
I'd caution on that. If and when a bitcoin ETF (or more...giving the green light to more than one at the same time seems plausible to me), is approved, it would not surprise me to see an initial price spike. But, it would also not surprise me to see a quick pull back.
In my view, people who react to an ETF's approval are people who are already "in the game," aware of and knowledgeable of bitcoin. To me, this is largely not who an ETF targets. If you're reading this, you're on Stacker News and you know that owning shares of a bitcoin ETF is not the same as owning bitcoin. What an ETF does is it opens investment opportunities to those people with traditional investment avenues, who aren't interested in self-custody, and who simply wish to tell their broker to "get some bitcoin." In my view, there's a lot, a LOT of money that falls in that category. So, gradually, then suddenly when the ETF is approved, then gradually again.
tldr: Don't be discouraged if a price spike after an ETF approval is temporary.