McCoy

There is not a low fee security problem.
The systems is elegantly Responsively Resistant. Waiting for an *attack*
Fees will spike in response to degens/spammers/scammers AND TO *attacks* from those censoring transactions. The sudden lucrative fees incentivize more mining.
The attackers *mostly* have to pay in miners in SATS and they know this. Gets too costly. *attackers* run out of resources. Fees fall back to baseline.
Like the toughest kid in the schoolyard. Rarely has to fight.
Or a massive militarized border that never fires a shot.

2024-09-11 15:58:22

Build and use things based on solid foundations:
https://m.primal.net/KmqL.jpg

2024-09-11 15:40:31

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Study bitcoin. Real work.

2024-09-11 15:32:26

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Clowns. Opt out.

2024-09-11 15:31:50

Uniparty won’t save us. They are not even talking about the only US fiscal problem that really matters: 35.4 trillion. Take action. Opt out. Use an alternative money. One pleb at a time, one community at a time, one city, county, state….
https://m.primal.net/KmpH.jpg

2024-09-08 20:48:07

“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete”
- Buckminster Fuller

2024-09-08 15:38:51

I don’t trust Trump or Harris.
Trump and his family can GFT.
I like bitcoin, buy my shitcoin.
“Defiant Ones,' 'World Liberty,' or similar names," the Telegram account run by Don Jr. and Eric Trump posted. "Do not engage with these tokens! For your safety, remember that all official information will only be posted right here in this channel by our trusted team. If it’s not from us, it’s not real.”
Fucking clowns.

2024-09-05 17:43:57

https://petertodd.org/2024/covenant-dependent-layer-2-review

2024-09-04 01:02:36

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One can’t tell the difference between *lost coins* and those locked up by a committed hodler

2024-08-30 19:17:49

Shout out me:
✅born pre1970
✅stacking humbly to collaborative custody
✅ running a node
✅ solo mining (bit axe)
✅NOSTR only
✅dumping google
ETF Bitcoin boomers can GFT. Take some personal responsibility
OK, back to humble….

2024-08-30 00:56:29

**programmable money**
….. I’m not so sure we actually need this.
Maybe all we need is the script/constraint/predicate of “prove you have the private key” to spend coins
Rule 30 at play: a few simple constrained rules lead to complexity

2024-08-30 00:50:26

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I like Bitcoin, buy my shitcoin

2024-08-27 18:54:22

Opt out.
Don’t use their money
Don’t use the approved platforms

2024-08-24 02:44:55

Estimated probability of finding a block with 400GH/sec solo/miner over one year of hashing with total hash rate of 700EH/sec:
.002172%
** so you’re telling me there’s a chance**
LFG

2024-08-22 23:42:27

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💯
Everyone is a Bitcoiner. Even your worst enemy and the slow adopter lame himans.
They just don’t know it yet

2024-08-22 18:48:03

“Beyond the financial case for Bitcoin, its rise as a non-sovereign store of value will have profound geopolitical consequences. A global, non-inflationary reserve currency will force nation-states to alter their primary funding mechanism from inflation to direct taxation, which is far less politically palatable. States will shrink in size commensurate to the political pain of transitioning to taxation as their exclusive means of funding. Furthermore, global trade will be settled in a manner that satisfies Charles de Gaulle’s aspiration that no nation should have privilege over any other:
**We consider it necessary that international trade be established, as it was the case, before the great misfortunes of the World, on an indisputable monetary base, and one that does not bear the mark of any particular country**
50 years from now, that monetary base will be Bitcoin.”
- Vijay Boyapati

2024-08-22 15:28:28

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Monoparty won’t save us. Opt out

2024-08-20 00:41:35

It’s about the price.
It’s all about the price.
What other metric incorporates the aggregate of what the market is thinking?
It’s money.
OK, you wanna call it purchasing power, that’s fine.
It’s all about the purchasing power (price)

2024-08-18 17:56:47

When fees are low MUUN wallet is 🔥:
- unique 2/2 allows for recovery in the event of key loss
- easy sweep of funds outside of MUUN if they disappear / app is band
-smooth integration of LN with onchain tx
- UX is tight

2024-08-17 21:42:25

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#FortNakamoto

2024-08-16 22:10:00

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Delete it, no time better than the present

2024-08-16 20:28:02

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💯🔥 Saving our collective work/energy/time/ingenuity/talent - to be used later is great for the collective.
Especially if it RETAINS its value.

2024-08-16 18:51:55

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Not selling

2024-08-16 14:29:00

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Robosats
Buying corn only, never selling

2024-08-16 14:10:47

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Didn’t gold survive and increase in value with the “band”?

2024-08-16 14:08:31

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Opt out: build an alternative set of tech they can’t stop

2024-08-16 14:05:19

https://open.spotify.com/episode/7JCd1x2n0S8RLRTuzq6noK?
Re-test

2024-08-16 13:59:31

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Tracker free version:
https://open.spotify.com/episode/7JCd1x2n0S8RLRTuzq6noK

2024-08-16 13:57:17

https://open.spotify.com/episode/7JCd1x2n0S8RLRTuzq6noK?si=Qfq_JojFS8qQ606jQ0J2JQ
Pierre is always focused on the main problems
🔥🔥🔥

2024-08-14 22:18:41

The only truly scarce thing most humans have a sense for is TIME. This scarcity is arguably the only thing that really matters.
Now a few humans have a sense for a new truly scarce entity, #bitcoin. Most don’t see it.
Ignore at your own peril

2024-08-14 21:59:00

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The Real McCoy of course

2024-08-11 22:20:35

Most of the friction/frustrations with Robosats is the fiat side: Zelle, pending transactions, etc…

2024-08-08 19:17:10

Honeybadger/antifragile path: DEMs win, US fiscal discipline suffers, inflation rips, they threaten self custody, 6102, tax —> galvanizes builders, freedom tools accelerate, adoption rate increases: price up & to the right, steady, humble gains =
WINNING
FOMO path: orange-man wins, slightly better fiscal discipline, inflation still likely, slightly better rules/laws/tax treatment —> US based bitcoin companies thrive and build, kicks off an insane nation-state / corporate FOMO, adoption accelerates, price is insane =
WINNING

2024-07-30 01:13:26

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Enjoy every min

2024-07-30 00:51:03

Rep”n at a family event. Ready for the questions.
https://m.primal.net/JiTq.jpg

2024-07-29 19:12:55

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Funded it. Nothing real happens without money

2024-07-28 00:46:17

Low sats/vbyte. Good time to consolidate UTXOs. Take care of yourself and family. Educate others. The US political noise will pass. Everyone eventually bends the knee
to bitcoin - businesses, corporations, politicians, governments. Stay humble. Work. Save. Stack.

2024-07-27 21:42:11

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East Coast version
https://m.primal.net/JgSH.jpg

2024-07-27 00:49:46

https://m.primal.net/JfZC.jpg

2024-07-24 18:32:27

As the earth’s money problem slowly gets fixed, the key for human flourishing is:
Real work, in the real world
It definitely won’t be “fix the money, fix the world”. ….. then everyone just chills

2024-07-24 01:34:44

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Opt out.
They r not going to solve the main problem: Fiat debasement.
Hard money will win.
They - left, right, those in middle, gov….. will hold on til the end

2024-07-24 01:04:29

All trading is insider information
ALL OF IT

2024-07-23 23:09:49

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Politics aside, it would be the right move for her, taking the wind out of “Orange Man likes the coin” and, obvious great for bitcoin.
Your enemies and friends…. eventually all will be bitcoiners
…and BTW the mono-party won’t fix our problems
Opt out

2024-07-22 19:36:05

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Opt out. Mono party won’t save us

2024-07-22 16:13:44

Once we arrive at the bitcoin standard, there will be no such thing as bitcoiners.
The productive humans will be bringing value OUTSIDE of bitcoin. Making real shit in the real world.

2024-07-22 16:08:50

When the AI bubble bursts - it will make dotcom and 2008 seem like minor blips.
Efficiency gains by AI ONLY increases productivity/flourishing IF humans use the saved time to make something useful/valuable/better in the real world.
Most zoomers, home working, stimmie chkers will just continue to phone it in.

2024-07-22 14:25:18

Debit to GDP 122%
34.9 trillion
Monoparty has no plans to fix this. Don’t be fooled by the noise. They won’t be talking about this.
Opt out.

2024-07-21 03:28:10

Based humans that would have been early Bitcoiners IMHO:
Johnny Cash
Margaret Thatcher
Kenny Stabler
John Lennon
Paul Newman
Marie Curie

2024-07-20 18:02:25

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Opt out . Mono-party won’t save us

2024-07-20 00:52:10

@The: Daniel⚡️
@npub1qny…95gx
@npub10ut…xdlq
@npub1key…lt3h
@npub1guh…6hjy
Will the last RHR be live streamed on nostr.stream?
What about all the hard-working plebs who can’t make it?
Come on man!!

2024-07-20 00:40:56

Zulu time 🔥✅

2024-07-19 22:34:18

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One more:
https://m.primal.net/JWqQ.jpg

2024-07-19 22:17:11

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Npub or nsec? Polly shouldn’t paste nsec into random link, right?

2024-07-19 20:19:03

https://m.primal.net/JWjW.jpg
https://m.primal.net/JWjY.jpg

2024-07-19 18:30:56

Send it.
Could green candle be eminent?

2024-07-16 16:11:06

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19 million gov workers
12% of the US workforce
94% work from home
source: Peter St. Onge

2024-07-15 00:42:29

Whoa
My 4 sats/vByte Tx just cleared.

2024-07-14 20:23:15

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https://youtu.be/YJF01_ztxwY?feature=shared

2024-07-11 01:23:57

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Yes, I picked up on that. Thomas crushed it. Threaded the needle with timely ?s and comments.

2024-07-11 00:10:03

We don’t need *tokenization* of financial assets.
This is BS from the finance industry in an attempt to keep themselves *in the middle* in the face of Bitcoin.
We are way, way over-financialized. The productive humans would survive - and likely thrive - on a bitcoin standard with the bare minimum financialization
There is no *vig* in your local poker game
F* the middlemen

2024-07-10 20:14:03

Never understood the concept of insider trading.
It’s all insider trading - just different degrees along a continuum.
Where is the line?

2024-07-10 16:21:21

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All investing/trading is basically asymmetric information or *insider* information.
Bitcoin levels the playing field.
If the full thesis plays out one can just work, provide value, save in bitcoin and ignore the entire system focused on “getting info before the next guy”
This is a better path for humans.
The suits and *suit-adjacent bros* will continue to try to convince us they are critical to success of Bitcoin. This is BS.
Time will tell.
🍿

2024-07-10 16:13:32

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Anthony was great.
More Mooch, less Novogratz would have been better. Novo kind-of crashed in.

2024-07-04 01:22:12

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💯 in particular show some kindness to all the 80+ year olds out there.
One day you will be there: struggling, lonely, afraid.
They shouldn’t be running our county, but most don’t deserve to be hated/denegrated

2024-07-04 01:15:43

Long weekend predictions:
✅great grandpa Joe will be out of the race
✅mempools will almost clear (at least my 5sat/vByte will)
✅we continue to float/crawl sideways at MTime of 1500-1600

2024-07-03 14:15:50

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https://m.primal.net/JGhi.jpg

2024-07-02 21:06:47

Responsively resistant fee market doing its thing
Draining resources from degens/scammers/spammers
Looks like my 5 sat/vbyte Tx might confirm soon

2024-06-28 21:05:22

Paraphrasing Pierre:
🔥
Permissionless nature of mining is more important than the absolute size of the resources consumed in the mining process.
When “attacked” the system responds with an increasingly lucrative fee market that incentives others to mine without having to ask anyone.
Responsively Resistant. Tough only when you need to be. Kind of like the toughest kid in the school yard. Doesn’t have to fight all the time. Everyone knows the cost.
Leads to situation where humans *can’t* sustain attacks: too costly.

2024-06-23 17:28:12

💯
This is why we shouldn’t shy away from defending bitcoin as money. It is more than speach. That’s why everyone cares.
#note1yz4…lhp9

2024-06-22 18:48:19

Not sure generational wealth is the right goal.
Single generation security - with your work saved in a sound money, followed by time and energy raising your kids to be productive and independent.
This feels more doable and ultimately more sustainable. Each generation *spends* all of their wealth and just passes on good habits, wisdom, and love.

2024-06-21 03:45:49

Money is:
Your time +
Your intelligence / talent / skill +
Your hard work
Everything else is downstream of this

2024-06-21 03:22:20

Freedom Tech matters.
But what really matters is that there is a sound money alternative to the current system. This is what they will fight.
Bitcoin is money. That’s why people care about it and that’s why they’re going to fight it.
Separating money from the state is the movement.
@npub1key…lt3h
@npub1aeh…4nwx
@npub1dnz…x52h

2024-06-20 01:14:07

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https://www.nytimes.com/2024/06/18/opinion/capitalism-inflation.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=c-cb

2024-06-20 01:13:40

Could MSM be starting to wake up?
https://m.primal.net/Iqxi.png

2024-06-18 22:49:07

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AI bubble will pop.
AI efficiency gains ONLY lead to wealth creation IF humans who use them trade-in the time gained for more productive work.
This is a big IF.
Most just go home early.

2024-06-17 03:59:46

Work. Save. Stack. Take responsibility for your future.

2024-06-14 23:25:09

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“Lost coins” look identical to those controlled by a committed HODLer

2024-06-14 23:21:18

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Paradise Trail on a good weather day is unbeatable

2024-06-13 02:53:28

NYC is pure non-violent survival of the fittest.
LFG

2024-06-13 02:30:01

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The youth will save us

2024-06-13 01:48:34

https://musicedmatters.com/

2024-06-12 23:14:48

In the physical world: Sustain quality work wins
In the digital world: Sustained POW wins.

2024-06-12 00:56:35

https://www.forbes.com/sites/frankcorva/2024/06/07/bitcoin-brings-activists-and-entrepreneurs-together-in-oslo/

2024-06-10 20:18:22

Work. Provide value to others. Spend less than you earn. Save in Bitcoin.
Practice and preach personal responsibility - with your work, your family, your private keys.
This is a solid strategy. It is becoming more critical every year.
One day (?soon) it will be so critical that those who can’t do the above literally won’t make it.

2024-06-07 16:46:08

Inflation is the plan….
https://m.primal.net/IcDz.jpg
https://m.primal.net/IcEA.jpg

2024-06-06 22:53:00

In short, the unique s value provides a pathway for getting to the randomly-generated point r.
You can give these two pieces of information to someone else, and starting from the public key point Q they can use the s value to help them get to the random point r. The trick here is that only the person with the corresponding private key d could create a valid pathway to this random point provided by s.
This pathway also has the message hash z encoded in to it, which is what effectively allows us to create signatures for messages; nobody can create the pathways from the public key to a random point on the curve via the message hash without knowing the private key it was created from.

2024-06-05 00:19:31

The people’s money.
Ignore at your own peril.

2024-05-26 02:58:02

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All three kids, now in their 20s, all summer no phone summer camps. Key event that separates them from their peers

2024-05-26 02:48:46

If the plan is to only send my UTXOs to family and humans I trust, then size doesn’t matter.
I can expose the large UTXO, saving on fees.
Can keep some medium-size UTXOs for lightning channels

2024-05-24 19:53:13

Intense burnout is code for being underpayed.
In virtually any job, keep the stresses/work/difficulty fix and 2x or 3x pay:
burnout fades away

2024-05-23 02:54:43

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Most important action one can take is to store your work and energy and bitcoin. Opt out. Patience. Hard work. Personal responsibility.

2024-05-23 01:14:33

“The preceding observations can be directly applied to the case of electronic money. An economic good that is defined entirely in terms of bits and bytes is unlikely ever to be produced spontaneously on a free market, for the very same reasons that we just discussed in the case of paper money. And despite the dedicated efforts of various individuals and asso-ciations, no such money has in fact ever been produced since the creation of the Internet made electronic payments possi-ble. At present, only government money has been produced in electronic form; and as in the case of paper money, governments could do this only because they have the possibility to suppress competition.
On the free market, the new information technologies have been unable to create any new monies. They have been able to develop various new instruments to access and transfer money. These new electronic techniques of dealing with money are very efficient and beneficial, but they must not be confused with the creation of electronic money.”
JÖRG GUIDO HÜLSMANN
The Ethics of Money Production
2008

2024-05-22 04:25:58

Bitcoin Security:
✅Crazy large numbers
✅ ECDSA
✅ Private key set up
✅ Private key management tools
✅ UTXOs stored on widely distributed nodes
✅fee market: responsively resistant to attacks
✅ coin emission and time stamping via POW
✅ node consensus enforcing monetary policy
✅voluntary updates with backwards compatibility
✅ mining incentives: soaking up low cost energy
✅ energy producers
✅humans who embrace personal responsibility

2024-05-22 03:28:12

Best money wins.
There will be a winner.

2024-05-22 00:16:03

🔥
https://open.spotify.com/episode/3vvCuYWcY32diyl0CRK650?si=AT7DBsU5R3yBW612oMWkgw

2024-05-19 17:02:38

Sequence setting: 0xFFFFFFFD = enables both the locktime and RBF

2024-05-19 17:00:13

5 sats/vbyte incoming

2024-05-18 23:58:34

a1075db55d416d3ca199f55b6084e2115b9345e16c5cf302fc80e9d5fbf5d48d

2024-05-18 17:10:29

Learnmeabitcoin.com - check it out
Witness TXID and why OP_RETURN, how OP_RETURN.......
wTXID = HASH256([version][marker][flag][inputs][outputs][witness][locktime])