fred
Derf

I like Bitcoin

Public Key

npub1uk65nftw3p9m4zthmx6rvtkpaqar258u3hjcn8vmllm967qq264sq0ltjg

NIP-05 Address

Profile Code

nprofile1qqswtd2f54hgsja639mandpk9mq7sw342r7gmevfnkdllaja0qq9d2cpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsmjx4lh

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub1uk65nftw3p9m4zthmx6rvtkpaqar258u3hjcn8vmllm967qq264sq0ltjg

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Last Notes

2024-08-20 01:43:44

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Why would you want to do that?

2024-05-17 02:37:08

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Looks like ya’ll are having some company over for dinner. Cheers!

2023-12-16 19:25:53

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There will be the Amazon mint, the Walmart mint, the Netflix mint, the Apple mint, the Google mint… it won’t be centralized at all. lol.

2023-12-15 17:32:06

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Sounds wild, but I can think of at least one business use case.

2023-12-07 17:53:23

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Bitcoin Knots OP_RETURN history
Oct 2013 - allow a single 80 byte OP_RETURN
Feb 2014 - limit reduced from 80 to 40 bytes
Nov 2014 - limit increased from 40 to 80 bytes
Oct 2015 - limit increased from 80 to 83 bytes
Nov 2023 - limit reduced from 80 to 42

2023-12-04 00:29:14

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I’m salivating

2023-12-04 00:17:36

This is called the Coffer illusion.
In this image there are 16 circles. Can you find them? https://image.nostr.build/81c0b57c6a240dba1d0adab5dc8c67122358cf400ffa5981665d6c17749fc452.jpg

2023-12-03 23:42:34

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Zap me my sats

2023-12-03 20:28:54

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Cope harder

2023-12-03 20:28:25

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I thought that most of the mempool is clogged up with low-fee ordinals/inscriptions/BRC-20 token degen gambling speculators. That’s crowding people who actually want to use the network out of a low fee environment into a high fee environment. If OCEAN enforces a filter against that, the number of their low fee transactions sitting in the mempool will increase. Some might get frustrated and just stop, but those that remain will have to pay a higher fee for the non-Ocean pool to take their transaction. The higher fee environment may further erode speculation. StratumV2 isn’t going to help them unless they up their fees. Unless I’m wrong.

2023-12-03 17:51:20

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I just want to know, does Ocean have a chance at fixing this? https://image.nostr.build/bb1127e36238aa596b3101b614eb3a9de85fe9264c746b57ec8d42e612e5d758.jpg

2023-12-03 17:48:43

Shill me your Bitcoin memes https://image.nostr.build/415f6e490b65ae0dd6d4840ba1fa1e2b8104c3ad714fceed60b0b3197d08a5f9.jpg

2023-11-29 15:22:40

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I believe that holding your own keys is not that expensive. Forgetting an offline hardware signing device, you could just use an app on your phone, if you don’t have a phone roll some dice to generate your seed words that you store on paper. BUT, if you’re talking about affording the fees to transact on layer-1, then there may be people that can’t afford the fees (especially with Ordinal inscription speculation filling up the mempool). These people may be more in favor of asking their “bank” to hold their bitcoin, which provides them a layer 2 channel for cheaper transactions. The upside is that Banks won’t be able to fractional reserve re-hypothecate as they do now.

2023-11-29 15:16:42

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Well, let’s just say my list of reasons why I don’t trust the government is getting pretty long. https://image.nostr.build/fc4ce10d1ed90b644d8020e506260858dad4bf32efad3eadfaee9b87bd9f262f.jpg

2023-11-29 15:13:50

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I had an idea like this years ago, and people boo’ed me for ‘trusting blockchain tech (or any tech) with voting.’ I suppose the question I would have is if Bitcoin is pseudonymous, how would you prevent voter fraud (like dead people being given a vote) or what blind-spots or dangers do you see to this system?

2023-11-29 08:14:45

Tony Klaus just made a huge post on X about leveraging lightning to create a stable coin channel on Bitcoin. Seems interesting.
https://x.com/tonklaus/status/1729567459579945017
A few day ago I broadcast the first Stable Channel onto the bitcoin mainnet.
Stable Channels lets users get stable USD or leveraged BTC price exposure using Lightning. Peer-to-peer, 100% bitcoin.
This is finance, streaming. Let's look inside.
We have two types of users in a Stable Channel:
1 - Stable Receivers want stable USD. To peg their BTC at, say, $100.
2 - Stable Providers want to leverage their BTC.
Short vs. long. We connect them over Lightning and settle frequently, so they both get what they want.
Both sides put in $100 (of bitcoin) into a dual-funded channel.
Last week this was 0.002648 BTC, or 0.005296 BTC total.
The transaction took less than one hour to settle on the bitcoin blockchain.
Each side contributed $2.15 for transaction fees.
Every 5 minutes there's a Lightning settlement. Both nodes query 5 BTC/USD price feeds and take the median.
BTC price ⬇️? More BTC required for $100 stability. Stable Provider pays Stable Receiver.
BTC price ⬆️? Less BTC for $100. Stable Receiver pays Stable Provider.
Since confirmation, there have been 763 settlement events, 288 per day.
If the Stable Receiver's BTC is not within 0.01% of the agreed-upon USD value ($100), a payment is made.
611 payments were made for a total of $43.90 and an average of payment of $0.07.
Zero fees.
Each counterparty keeps track of their numbers and whether they are paid on time. No oracle signatures are required.
If they are not paid on time, their counterparty's risk score goes up.
Each side remains self-custodial, and can leave at any time. This has trade-offs.
The BTC price has been stable recently.
The stable USD side now has 0.00002545 more BTC. The long side lost BTC.
Despite little volatility, ~$44 dollars went back and forth.
Lots of payments? No problem with Lightning. Lessen counterparty risk with rapid settlement.
What are the benefits of Stable Channels?
Self-custodial, simple, no fiat, no banks, no tokens, no shitcoins, no Treasury bonds, less oracle risk. Better for financial privacy, decentralized, tax advantages.
And of course: only bitcoin and bitcoin infrastructure.
Okay, and the challenges?
Same problems as Lightning: need to run a node, hot private keys, maybe high fees, always online. + your counterparty can leave anytime.
If we can prevent catastrophic failure, can we manage marginal counterparty risk with great software? TBD.
What can you do with Stable Channels?
Stable USD, long BTC. Better trading experience, quick-to-market structured products.
Be kept stable at the 7-day, 52-week, 200-week BTC moving average, lessening user volatility.
Plug in funding rates and yield. Plug in payments!
Acknowledgments. Thanks to many folks for their open-source code, inspiration, and conversations: @jamaljsr @niftynei @Snyke @cguida6 @KenSedgwick @Blockstream @olegmikh1 @r0ckstardev @_AlexLewin @BtcFrancis @endothermicdev @adam3us @arielaguilar @markgoodw_in @peterktodd
Next steps.
Want to get stable in USD terms, or leverage your BTC? DM.
Want to run the code? It's open-source, a CLN plugin. Happy to walk you through it. github.com/toneloc/stable…
Want to suck hundreds of billions of USD liquidity into bitcoin and Lightning? Join us. 🧙‍♂️
https://github.com/toneloc/stable-channels https://image.nostr.build/6f12bbe842d60ca99a9a0fc823e7f75cacb2518368440e2dde0d181eec4a1deb.jpg

2023-11-28 23:08:42

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Woah, it was at 75 people 10 minutes ago! Pres, if this is fully decentralized, does it have the potential to gobble up all the centralized pools?

2023-11-28 22:02:19

I hear decentralized coinjoins using #nostr are coming to Electrum
https://mempool.space/signet/tx/0cf53abb348a1835b7f586c0c669598bacf746053bc810b73d6ebc37c4d6624c

2023-11-28 21:48:49

Hello my people, I’ve been spending too much time on Twitter and have been reminded of how toxic it can be. It’s been a while since I was over here, but the interface looks much improved; I think I’m going to be over here more. https://image.nostr.build/fc560633134d60ad79054c43a94cae812b7ce1fe9937d56bbd05ce966f2b94ac.jpg

2023-09-28 15:33:40

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https://image.nostr.build/e5a957fb1c8bd4cb86ac8f8088955c9bcb8e1ad52c0bc08bb3741b32b236be57.jpg

2023-08-22 00:33:40

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Achievement unlocked : hammered a nail into a wood board using only feet.

2023-08-22 00:31:34

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Are boosted notes sent to the top of other’s feed? I thought it was just chronological posts from people you follow WITHOUT a system to put someone’s note ahead of another note.
Or are we just becoming Reddit 2.0 with upvotes and down votes?

2023-08-22 00:26:03

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Don’t ask why 2%, ask why not 3%.
Why not 5?
The economy is like a turd circling the bowl, and the central bank has already flushed the toilet. They are hoping to accelerate the inevitable. The sooner they can evacuate their mess better.
At some point we could even go to 50% inflation,: then you know they are actively pushing the turd down with the plunger.

2023-08-22 00:15:48

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The playbook is obvious, but few care the direction they are marching until one day when they ask themselves how they got there.

2023-08-15 23:04:07

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https://techguided.com/corsair-vengeance-vs-dominator-ram/

2023-08-15 23:02:00

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CM is Corsair Memory.
K is “Vengeance LPX”
T is “Dominator Platinum RGB”
The T type is better because it can handle higher clock speeds.

2023-08-07 16:15:39

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Please enumerate any/all activities that you can say you have done “for 12 hours straight” that would elicit applause instead of caution.

2023-08-07 16:12:29

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Smart men learn from experience, wise men learn from the experience of others. I like when someone else takes the hard road, and comes back and shares their knowledge with others so that they might have an easier trip.

2023-08-07 15:54:25

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You’re right, it sounds terribly inefficient.

2023-08-01 22:38:29

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“The FBI” is like saying “the city of Miami”… there are departments within departments. It is very silo’ed, without good communication because it has become so big and all-encompassing.

2023-08-01 22:34:24

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Ordinals is a novel invention that was able to capitalize on get-rich-quick gamblers from the “web 3.0 / NFT / crypto” crowd.
It grew on Bitcoin like a vine grows on a tree. Some people confuse the vine as part of the tree. I hope that it dies off and isn’t even a thing one day.

2023-08-01 22:14:01

Who bought the dip? https://cdn.nostr.build/i/04376a68d99d98fc37b935408723d2a585f645b4817e365f5449d26311db17f9.jpg

2023-08-01 17:46:08

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Good idea to protect against hurricane floods and boating accidents.

2023-08-01 17:43:19

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Good luck #TeamBedford

2023-08-01 17:38:12

Plebs, teach me:
Since Apple forced the removal of the zap button on a note, if I see I note I like I currently go to the profile page of the OP and click the zap button, but that doesn’t necessarily attach the zap to the note so the content creator sees why they are getting zapped.
Is there a hidden keyboard shortcut or something that allows me to reply to a note with a zap?

2023-08-01 17:25:47

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Preaching to the choir, but a good start to August to make me smile.

2023-08-01 17:17:42

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Gamblers gonna’ gamble, don’t be mad. Bitcoin is for enemies.

2023-08-01 17:15:53

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📉Curve Finance’s total value of assets locked was slashed by half over the past month after mass withdrawals that followed the $70 million exploit.
💰TRON’s founder Justin Sun bought 5 million CRV tokens from Curve CEO Michael Egorov in a likely OTC deal, at an average price of $0.4.
💣Sun announced a partnership between TRON and CRV on stUSDT, while Coinalyze data reveals traders are lining up to short Curve tokens.

2023-08-01 17:06:57

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Kind of agree. So many reasons to hate the TSA, but in this case I’d be more pissed at the idiot who bumped into the laptop causing it to drop.

2023-08-01 17:02:44

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If Bitcoin has 50% of the crypto market that means 50% are either degenerate gamblers or too dumb to see the truth.
Unfortunately, with bickering about “toxic maxis”, I have a feeling there are people that don’t fully understand Bitcoin, or know Bitcoin.com is a scam, or that BCH/BSV is an alt chain coin, or that Bitcoin Magazine is a grifter preying on people who think monkey jpegs and “rare” sats are worth something.

2023-08-01 14:28:04

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Sad you wasted your $ to see it, but if you have a teenage daughter I understand. Apparently it was one of the big tent-pole releases for the summer. If this is what Hollywood is catering to, I feel sad that there will be more of this garbage coming.

2023-08-01 14:24:19

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First they turn off their nuclear power plants , then they cut back on all livestock farming. Thanks for leading Germany, good job!

2023-08-01 14:23:18

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Tell me you’re going to engineer a famine to convert the world to eat plant-based meat & bugs without telling me you’re engineering this.

2023-07-31 14:00:27

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Good morning ser

2023-07-31 13:59:51

There are some issues with Damus, however. I clicked the “post” button 3 times trying to make my last post because it wasn’t posting right away. Instead it posted 3 times!
The note was a little long so perhaps that was the problem, or perhaps the relays I use were busy, or maybe my wifi signal was weak. But can’t Damus compensate for those things with a timeout on re-clicking the “post” button?

2023-07-31 13:55:16

Apple just updated the Twitter app on my phone so it’s no longer called Twitter but X, and changed the logo so the bird is gone.
I’m reflecting on a journey that has been several years coming. I was addicted to Facebook years ago, but when they forced me to download a messenger app separate from the main app to chat (apart from WhatsApp that I already had) and realized the surveillance system they were creating I walked away and basically quit their platform.
I found a new home in some online forums using Tapatalk to feed my social media addiction. I paid for a lifetime subscription to the app, but then the dev came out with Tapatalk 2.0 (basically the same app w/ more features) and the TOS changed and they wanted me to pay again. By this point however the communities had grown so toxic that as my interests changed I couldn’t even continue on the forums and walked away again.
For a little while it felt freeing to be off everything, but then I got hooked in with Reddit. I had always dabbled in Reddit but I was never a daily user. And then I was. Until the owner decided to change an API so that my preferred app could access Reddit. Again I was disappointed and heard the voices saying Reddit wasn’t what it used to be, saw the writing on the wall, and felt like it was time to move on.
But on to what? Well, I had been co-dependent on Twitter during this time but now I was putting 100% of my time on social media towards Twitter. With Elon came changes: some good, but also some I didn’t like. I’m afraid of and against an all-in-one app like WeChat or Facebook + messenger + LibraPay. I know Apple and Google are interwoven into society in so many ways but I find myself turning more towards sovereignty, FOSS, and Bitcoin.
So, I think it’s time to walk away from Twitter/C and embrace NOSTR fully. It suits my values. So I’m sad, but also happy today!

2023-07-30 16:41:38

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I saw a post about cash vs charge (which could be applied to CBDC)
A man pays $100 cash for a mechanic to fix his car. The mechanic uses the $100 bill to pay a painter to paint his fence. The painter uses the $100 to his dentist for a cleaning. The dentist uses the $100 bill pay a handyman to fix his broken window. At the end of the week the $100 has passed through 10 people’s hands and is now $100 in the grocery’s register.
But if everyone charged $100 to pay for services the credit card company would take 3% every time. After 10 transactions they would have $30 just from the $100 moving around society. That $30 is stolen from the $100.

2023-07-30 16:28:31

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https://cdn.nostr.build/i/ccd3e2f7a5a25c3677ef138eccb2928408479cdc707b280b24abb4c3e087f59b.jpg

2023-07-30 16:25:30

James Madison must’ve been a time traveler. It’s as if he could see into the future:
"There are more instances of the abridgment of the freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpations."
- James Madison (1788)

2023-07-27 01:48:28

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The only people I know who take privacy seriously are those that have negatively experienced loss of privacy. The same goes for security. The folks with the best locks on their houses have been robbed. My friends that own guns have been in situations where they were attacked and wished they could have better defended themselves.
Wise men learn from experience, but the wisest men learn from the experience of others. The rest will always be lazy and choose convenience over freedom.

2023-07-27 01:42:44

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Cool! Did you design the cover as well as the content?

2023-07-27 01:29:20

Plato, who was never seen laughing, and had given himself the model of avoiding the evils and unpleasant situations of society, was asked two questions :
“What are the behaviors of people that surprise you the most?”
Plato enumerated them in order: “They get bored in childhood and hurry to grow up, but then they miss their childhood. They lose their health to earn money, but they pay money to regain their health. Worried about tomorrow, they forget about today. In the end, they live neither today nor tomorrow, they live as if they will never die, but they die as if they had never lived.”
Then came the second question. “So what do you suggest?”
The sage enumerated again: “Don’t try to make anyone like you, the only thing to do is to leave yourself to be loved. And the most important thing to achieve happiness in life, is not to have the most, but to need the least.

2023-07-24 17:00:28

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What did you make? A sandwich?

2023-07-18 23:05:42

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Prior to the passage of the 16th Amendment in 1913, the United States government funded its operations mainly through excise taxes, tariffs, customs duties and public land sales. The federal government had relatively few expenses compared to today and did not have as much need to raise large amounts of money.

2023-07-18 20:43:05

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Hopefully you had shoes on. My mental simulator says “Owch!”

2023-07-18 20:41:51

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How about a peel-off label/sticker/badge that you can keep in a “wine passport”?
Give the passport book out free with a subscription to buying wine. Let users fill up pages with stickers and notes of wines they drank.

2023-07-18 20:39:42

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But what if your kiddie brain can’t tolerate anything deeper than the kiddie pool?

2023-07-15 18:32:15

Was this an intentional mistake, or did they not even know? https://cdn.nostr.build/i/1fa2dd9913f7902b3fdca436c5a600add7ef77a5e073d76148f17b260b674c57.jpg

2023-07-08 21:13:25

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So there can’t be a “zap” button below a note to trigger a payment interface, but there can be a “zap” emoji that triggers a payment interface?

2023-07-08 21:05:58

Everyone is trying to sell you something. Everything is an advertisement.

2023-07-02 04:21:27

Did you all know that Puerto Rico, a US territory, celebrates July 4th with fireworks. Like, I understand America wants to commemorate the date they won their independence from England by saying ‘enough of this bullshit, we’re not going to be your puppet colony any more.’ But why does Puerto Rican, who are under USA’s thumb, celebrate the 4th? It’s kind of ironic, no?

2023-07-01 23:21:16

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Thanks for the tip, its now on my short list.
Leaving the blue bird for the purple bird feels hard- like leaving a concert for a backyard BBQ. Mostly FOMO keeps me on the other platform. But as more good content comes this way I’m excited to be here more.

2023-07-01 18:19:21

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Yup, just happened to me

2023-07-01 16:20:12

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This seems to coincide with the timing of “operation Chokepoint 2.0” narrative that the US is preparing to heavily regulate, restrict, and squeeze crypto into compliance

2023-05-07 00:39:14

https://www.reddit.com/r/oddlyterrifying/comments/139u74n/ai_generated_hamburger_commercial/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
NGL, I’m terrified

2023-04-25 21:24:10

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Give credit where it’s due, Abraham Lincoln (?)

2023-04-25 21:23:31

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It looks like de-dollarization is happening at the margins and that shows up in the graph.

2023-04-22 07:38:39

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I can’t tell if that’s a good thing or not?

2023-04-13 02:35:50

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Thanks

2023-04-13 02:33:03

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Ooh, this interests me. I haven’t quite learned how to open my own channels using my node. Can I participate in the lesson?

2023-04-03 01:45:26

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Great idea for SkepticismSunday, lots of possibilities for topics to flesh out! Some I have off the top of my head :
1: is John-q-public, aka Joe the Plumber, technically capable of being onboarded to use Bitcoin beyond just buying/holding on an exchange, but as a transactional medium?
2. What are the negative implications to AML/KYC? Is it just FUD, or will big brother be coming to claw back my sats?
3. Are mixing services actually providing privacy, or just the perception of privacy?
4. Is lightning sufficiently private for a receiver, or just a sender, or neither?
5. Is the government trying to completely cut off all exchanges from banking with operation chokepoint 2.0? Or are they just limiting (picking) which banks and which exchanges will continue on (Strong KYC / AML compliance required).

2023-03-25 18:34:01

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New York is definitely at the front of the line to block any/all fiat on-ramps.

2023-03-25 05:16:47

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Don’t let good be the enemy of perfect. Self custody is obviously ideal, but I don’t think _all_ people/businesses are ready to handle that level of technological responsibility. Having well-regulated entities in the space will bring stability, which will bring adoption.

2023-03-13 16:23:44

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Nice one… are you planning to release any podcasts that go into the recent ordinals and inscriptions, and the BRC-2.0 fungible tokens now riding on Bitcoin?

2023-03-13 16:00:41

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This smells like a popularity contest between the cheerleader and the honors student.