seha
seha⚡️

makes me think we need to care more about basic math education at scale vs. advanced but niche education (austrian econ, bitcoin development, islamic finance, etc.)

2024-02-03 16:07:46

most people think bitcoin is >20x more expensive than gold when it’s actually >10x cheaper…

2024-01-24 05:12:14

Can someone ELI5 how fedimint federations will collectively manage a lightning node?
How will channel opens/closes of that federation node work?
Is it possible today for a a single node to be managed by a multisig?

2023-09-14 16:09:00

it’s very difficult to help people who ask the wrong questions

2023-09-06 11:35:12

- reply

2023-07-20 06:41:18

- reply

yes yes yes
gang gang

2023-07-20 05:27:00

hyperbitcoinization will not happen until ice cream so good zaps become a thing on nostr…
i don’t make the rules 🤷🏻‍♂️

2023-07-10 15:53:56

- reply

🥁🥁🥁

2023-07-10 15:50:52

- reply

why’s the bar bent like that? 🤔

2023-06-13 17:16:24

- reply

🫡

2023-05-13 18:21:17

i have a ga pass to btc23 that i’d like to donate to an up and coming bitcoin or nostr adjacent dev.
send githubs and a sentence on why you would like to go.

2023-04-19 14:52:56

- reply

that i can wrap my around thank you

2023-04-19 14:51:09

pv
https://nostr.build/i/nostr.build_f7ff35865640e646139ce5394c9a48e848ef81d2111909fad93fd92fcaf6667b.jpeg

2023-04-18 05:07:06

- reply

ELI5 please? How does counting up from 0 break?

2023-04-04 18:07:32

- reply

I’m with you up to the part where the gov coerces private cos to open source their code.

2023-04-04 13:43:37

- reply

also introduced me and many others in my generation to rothbard, mises, and hoppe… people i wish i would have known about and read much earlier in life.

2023-04-03 03:22:30

- reply

nvm mempool has it… though it’s point in time…
https://mempool.space/lightning

2023-04-03 03:14:39

- reply

amboss fee rate and base fee graphs aren’t loading for me though they don’t appear to require a prime sub
https://amboss.space/stats?params=eyJtZXRyaWMiOiJmZWVfcmF0ZV9tZXRyaWNzIiwiY2F0ZWdvcnkiOiJuZXR3b3JrTWV0cmljcyIsInN1Ym1ldHJpYyI6ImNvdW50In0%3D

2023-04-03 03:11:00

is there a website that tracks fees on the lightning network for different scales, ideally over time but ok if point in time?
average fixed and variable fee rates may suffice for me to infer

2023-04-01 18:39:00

- reply

Agree the variance around circumstances is large, but those that can responsibly get close to zero are the exception, not the norm. You’d have to be willing and able to make sudden and significant changes to your lifestyle, which itself would result in a sense of uncertainty.
Saving in bitcoin is meant to help deal with future uncertainty, but that alone won’t be the case until after bitcoinization takes place. Getting on zero during the transition can itself be a source of uncertainty and introduce the very problem we hope sound money helps us avoid in a bitcoinized world.
It doesn’t become prudent to move towards zero fiat until a significant portion of the world’s cash balances are in bitcoin and where it starts to factor into the unit of account for most goods and services in the world.
The path to get there is to be productive, thrifty, and prudent in asset-liability management while growing one’s cash balances in bitcoin. Over time, if bitcoin does what we think it will do, it should move bitcoiners to zero naturally. For instance, OG bitcoiners with large stacks are already effectively on zero even if they hold an epoch’s worth of modest fiat expenses.

2023-04-01 17:48:24

Be your own bank, but avoid runs on your bank.
I discuss how #GetOnZero is a myth and situations where 6.15 BTC may be better for you than 8.15 BTC.
https://seha.cc/the-myth-of-getting-on-zero-fiat/

2023-03-31 02:34:01

- reply

i don’t know about you but the marrow is the most exciting part of this

2023-03-30 13:59:31

Free fractional reserve banking has failed each time it was attempted, not necessarily because a truly free market doesn’t exist, but because the market has repeatedly rejected this product.
Thanks to Saifedean for the comments and reading recommendations.
https://seha.cc/i-like-bitcoin-buy-my-fractionally-reserved-bitcoin/

2023-03-28 20:21:56

- reply

nice croptop

2023-03-28 14:21:26

- reply

100% gonna ask “what do i do with this now and where can i turn it to real money” next time someone hands me a $ bill

2023-03-28 09:14:40

- reply

it is certainly web scale where we can do privacy, verifiability, and censorship resistance better to build a new generation of applications.
https://seha.cc/unchaining-the-web/

2023-03-27 14:00:26

- reply

thanks for this

2023-03-27 06:40:24

- reply

hmm. are you able to id the source of the spikes at all, either by ip or domain? i’d guess rogue crawlers but hard to say

2023-03-27 06:29:03

- reply

sigh. is this thing actually getting through?

2023-03-27 06:15:48

- reply

wouldn’t surprise me if the two aisles united on something like this with the mainstream narrative being protecting the kids from addictive media or the US from CCP spies.

2023-03-27 05:29:35

re:nip58, #[0], #[1], what event do you post for acceptances of badges? 30008 with all prior accepted badges + newly accepted badge?
also, any thoughts on how an issuer may revoke a badge or acceptor may renounce a previously accepted badge?
re: revocation, the telegram history seems to suggest issuing an anti-badge for revocation…
re: renouncing, i’m thinking it would be a 30008 excluding the renounced badge…
would appreciate your thoughts.

2023-03-27 04:21:45

- reply

i encountered some conversations about fractional reserve banking that i hope are educational to folks beyond the tweet sparring
“for you” otho is filled with violence and fear porn… it’s bad

2023-03-26 04:28:00

- reply

few indeed

2023-03-26 00:18:35

- reply

amen

2023-03-25 17:11:54

- reply

🤙 nice. are you running nostream or strfry?

2023-03-25 15:54:20

- reply

flashing 2008.jpeg without having the 2008.jpeg badge
can devs do something

2023-03-25 14:07:56

- reply

thanks agree with gold having divisibility shortcomings. i also wonder if the uncertainty of the s2f / scarcity into the future played a factor. we know now what gold and silver’s historical s2f approximately were… we don’t really know how that changes in the future except tail risk of finding some significant amount on earth or elsewhere in the universe. i have to think the certainty introduced by bitcoin’s supply schedule is part of the story and the rest of the monetization is just the natural emergence of an economic good (menger) where we have to have a human need, a thing that can satisfy that need, knowledge of the thing being able to satisfy the need, and sufficient command of the thing to make it satisfy the need.
as more and more people become aware of and develop command of bitcoin with tools to satisfy their needs for sov, moe, and uoa… i would also expect bitcoin eats into the monetary premium enjoyed by all other goods in each category.
there may be edge cases where we need to account for environments and markets that can’t have stable and sufficiently high bandwidth internet, either because of censorship or poor infra.

2023-03-25 02:55:40

- reply

wen little satoshi skull?

2023-03-25 02:48:38

- reply

higher *

2023-03-25 02:48:18

if silver retained its monetary premium during the gold standard despite gold having a lower S2F ratio, wouldn’t gold and silver retain their monetary premium under a bitcoin standard?
discuss.

2023-03-24 19:45:27

- reply

i like it the way it is. kinda has “molon labe” vibes

2023-03-24 17:18:30

hey y’all, greenpeace is giving away free stickers with #bitcoin art. https://engage.us.greenpeace.org/adH9s4RBEUGt_2vXaM77Pw2

2023-03-23 20:32:42

- reply

footstr has kicked the hornet’s nest, and the swarm is headed towards us…

2023-03-23 02:14:00

- reply

used at #[3] earlier this week to discuss nostr with plebs that were missing out on nostrica: https://seha.cc/nostr-101

2023-03-23 00:24:50

- reply

#[2]

2023-03-23 00:24:07

vibes by #[0]
https://youtu.be/3JyEvJqrjHc

2023-03-22 03:32:36

- reply

“Certain innovations, such as FedNow and a potential U.S. CBDC, could help bring the U.S. financial infrastructure into the digital era in a clear and simple way, without the risks or irrational exuberance brought by crypto assets.”

2023-03-22 03:31:10

the economic report of the president is paving the path for a cbdc…
https://www.whitehouse.gov/wp-content/uploads/2023/03/ERP-2023.pdf

2023-03-22 01:24:20

- reply

provide value to bitcoiners as a side hustle, don’t expect anything in exchange.
probably not being helpful or offering any “shortcut” but I genuinely think this to be the formula.

2023-03-21 03:28:42

Thank you to all that came and #[0] for hosting the first #nostr meetup in NYC!
You can find the notes and links #[2] and I covered here: https://nostr101.com

2023-03-19 15:35:01

Come cope with your #nostrica FOMO!
Join #[1] and I tomorrow at 7PM to talk #nostr at #[3] !
We’ll cover why we need it and where we can go from here.
https://www.meetup.com/pubkey-meetups/events/292210111/

2023-03-15 03:20:02

former fdic chair sheila bair:
“The mere fact that regulators designated two midsized banks as systemic implies they think the system is fragile.”
https://www.ft.com/content/b860ebb6-f202-4ec6-a80c-8b1527c949f4

2023-03-15 01:52:32

- reply

🤌

2023-03-15 01:36:31

In NYC but can’t make #[0] with #[1] and #[2]?
Join us to talk #nostr at #[4] on Monday 3/20 @ 7PM
https://www.meetup.com/pubkey-meetups/events/292210111/

2023-03-14 19:24:50

- reply

is home schooling an option in the UK?

2023-03-14 15:14:27

they’re setting up to print money, but not just yet. the printer will go online after more corrections have occurred and the exits have been blocked.
my guess is another 18-24 months.
this pump may not last if the fed hikes on the 22nd to bring CPI down (by wrecking levered businesses) and delivers a stern message.
with a lifeline extended to banks, and signal to do more to protect their depositors as needed, the only people that would be shaken out with continued hikes are levered folk in the real economy followed by consumer-dependent businesses
once there’s a sufficient reset and the exits have been blocked, the printer can come online
the only sustainable path to hyperbitcoinization remains orange pilling one handshake at a time.
if we lose the big ramps, we may not have the benefit of fiat whales levering long as we did in 2020-2021, and that’s ok.
these are just personal opinions, do with it as you will.

2023-03-13 18:24:26

- reply

they don’t math good

2023-03-13 06:26:33

- reply

what’s his lightning address? i’ll zap him some sats

2023-03-13 04:12:36

- reply

we’re all paying for those bonuses

2023-03-13 04:09:35

- reply

they turned off our ramps?
good.
more time for us to build the p2p economy.
https://youtu.be/IdTMDpizis8

2023-03-13 04:05:32

white pill conspiracy theory: the us is protecting its citizenry by pushing bitcoin to p2p markets so grassroots adoption can take place before more cantillionaires get onboard
🫂🤙

2023-03-13 03:43:12

- reply

i’m more so talking about people i know irl that i’d classify as shitcoiners

2023-03-13 02:27:37

for all the shit we give crypto folk, props to them for taking it on the chin when FTX, luna, and the other ponzis collapsed
they have my respect over whiny cantillionaires that begged for a bailout

2023-03-13 01:16:39

- reply

on the bright side, a whole bunch of tech bros learned about fractional reserve banking so we may get some more devs taking the OP

2023-03-12 23:58:05

unbelievable, the silicon valley crowd memed a bailout into existence.
it’s being touted as costing nothing to taxpayers because it’s being funded by inflation as opposed to taxation.

2023-03-12 18:21:17

memes are on fire today 🔥
we don’t know what the next few months will look like but i’m glad we have bitcoin and nostr 🤙

2023-03-12 07:38:24

- reply

hmm i think my web server broke. let me try fixing but it’s late and may need to repost in the morning

2023-03-12 07:32:48

collected some thoughts to share on linkedin. would appreciate some bitcoiner feedback before i ship it there.
https://seha.cc/we-need-sound-banking/

2023-03-12 01:28:43

- reply

🤣

2023-03-11 23:59:22

- reply

i’m curious who you’re going to @ in the bird app when you post it

2023-03-11 22:54:11

- reply

no, we need a world where “leaders” don’t matter

2023-03-11 22:45:24

- reply

what do you mean by how to run the economy? the economy runs itself because humans naturally economize. we all take action to provide goods and services based on our means and abilities and seek buyers for those goods and services.

2023-03-11 22:15:32

- reply

it’s the ability to voluntarily provide goods and services to my fellow humans in exchange for other goods or services, preferably money in the form of bitcoin so that i’m not dependent on trusted parties for its safekeeping or the preservation of its purchasing power.
regulations can also be voluntary such that the providers and consumers of a service can agree to be bound by certain principles and enforcement mechanisms, which already happens today albeit not entirely free of the state. see saifedean’s recent pod re: law & order in free markets.

2023-03-11 22:04:47

- reply

🧡

2023-03-11 22:01:26

- reply

google speech to text has some free usage but my results have been mixed

2023-03-11 21:36:19

- reply

there already are?

2023-03-11 21:34:21

- reply

azteco though not exactly an atm

2023-03-11 21:32:51

- reply

when future generations look back, i hope they retain sufficient intellect to recognize the societal destruction caused by higher order effects of fiat money during our time and never mess with the money again until the end of time…

2023-03-11 19:07:36

all-in gang asking for US taxpayers to bail out SVB depositors and hold a bag full of venture companies 🫥
https://youtu.be/CEee7dAk25c

2023-03-11 18:37:34

- reply

it’s wild how the average bitcoiner of any educational or professional background knows more about money and economics than big-time VCs

2023-03-11 18:32:07

- reply

what do you mean by lost it? you just need to add it with your npub, see my relays as an example but replace my npub with yours and add it as a relay.

2023-03-11 18:25:41

- reply

a disorderly collapse won’t be good for anyone… we should strive to minimize the pain

2023-03-11 17:36:59

- reply

wasn’t there some coin the USG moved to coinbase recently?

2023-03-11 17:26:48

- reply

i should caveat, i don’t agree that the us economy is powering along with “record employment and strong growth” … more on that here:
https://youtu.be/-EeKYINPWbU

2023-03-11 17:23:24

- reply

rocket ship! get onboard! 🚀

2023-03-11 17:15:03

we can pump fast if a few billionaires get orange pilled through this mess..
we can pump slowly if we keep building tools average people can use on a daily basis…
i would much rather pump slowly, though none of us can prevent the fast pumps when the billionaires show up…

2023-03-11 17:09:31

- reply

🫡

2023-03-11 16:53:31

- reply

calling them stable was a genius marketing move by whoever came up with it

2023-03-11 16:51:12

good summary of the SVB run…
perhaps we should think of ways to move away from a fractionally-reserved banking system so banks don’t collapse every time “a critical mass of people worry that a critical mass of people will pull their money out” 🤔
https://noahpinion.substack.com/p/why-was-there-a-run-on-silicon-valley

2023-03-11 16:33:54

- reply

cook and clean… we’ll be here when you ship the lightning stuff a day later from your clean house.

2023-03-11 15:38:43

a banking system cannot be fractionally reserved and sufficiently decentralized at the same time.
when fractional, reserves consolidate to the biggest banks.
with full reserves, banks big and small can all withstand a run.

2023-03-10 13:34:25

- reply

thought this was greta for a sec

2023-03-10 12:52:55

gm, we’re one bank away from seeing significant disruption to on/off ramps in the US
https://nostr.build/i/nostr.build_f4238bda29f9d662db67a10d77b652390c11f5cbee0dd2dfda76d6d1991aea78.jpeg

2023-03-09 23:32:16

tick tock, next block

2023-03-08 12:59:03

- reply

zapback >>> buyback

2023-03-08 04:38:12

- reply

simpler times

2023-03-08 04:36:37

- reply

there was no profile or profile feed initially. just a feed of everyone you followed.

2023-03-05 20:08:08

- reply

i may need to be educated here, but can I do the initial download and verification without having to fetch the entire 4mb of data for the blocks that are full of inscriptions?

2023-03-05 20:01:14

- reply

in hindsight, it feels like it but it is what it is now. not really possible to rewind and replay an alternate reality.

2023-03-05 19:53:56

- reply

wasn’t the effective 4mb vs. a smaller size limit a clear compromise even though the big blockers were looking to make blocks even bigger?
it’s done now but we could have had smaller blocks if we had accepted some of the network at the time would fork off regardless…