frontrunbitcoin
Jay ᶠᶸᶜᵏᵧₒᵤ!

The article from The Wall Street Journal, titled "Crypto Could Stave Off a U.S. Debt Crisis" by Paul D. Ryan, discusses how the U.S. might mitigate its looming debt crisis through the adoption of dollar-backed stablecoins. Key points include:
1. **Debt Crisis Trajectory**: The U.S. is on a path towards a severe debt crisis without fiscal reform. A failed Treasury auction could trigger an economic downturn, causing a significant devaluation of the dollar.
2. **Stablecoins as a Solution**: Dollar-backed stablecoins could boost demand for U.S. public debt and maintain the dollar’s global dominance. These stablecoins, backed by U.S. dollars, would serve as a reliable asset in the digital economy.
3. **Global Trends**: Other countries, notably China, are advancing their digital currency initiatives. The U.S. risks falling behind if it does not innovate and embrace digital currencies.
4. **Implementation Strategy**: The U.S. should promote stablecoins by updating financial regulations and providing clear guidelines. This would enhance the stability and attractiveness of U.S. financial assets globally.
5. **Economic Impact**: Adopting stablecoins could increase global demand for dollars, reduce dependency on traditional Treasury debt, and offer a new avenue for economic growth.
6. **Policy Recommendations**: The article suggests immediate policy actions to support stablecoins, which could help prevent a fiscal crisis and secure the U.S.'s financial future.
The author concludes that embracing stablecoins could provide the U.S. with much-needed economic stability and maintain its competitive edge in the global financial system.
https://m.primal.net/Ioem.jpg

2024-06-13 20:01:47

Dropping this note to myself https://youtu.be/F5zwmrUfzIs?si=ca961PIIbV7GzvaH #bitaxe #nerdaxe

2024-06-11 19:56:10

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Oh yeah, I know. I'm going to start mining testnet4 here soon

2024-06-11 13:17:23

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I do

2024-06-07 18:09:36

#nerdaxe #testnet4 #plebchain
1. Get a Testnet wallet address
2. Connect to VKBIT Testnet pool
- Address: tn.vkbit.com
- Port: 3333
- Password: x
https://testnet.vkbit.com/
Fun weekend ahead
https://m.primal.net/IcHu.jpg

2024-06-06 13:35:48

#plebchain #ecash #nuts let’s see how long this last
https://m.primal.net/Iaiv.jpg

2024-06-05 23:56:19

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I have unit two on its way 🤦🏻

2024-06-05 23:54:50

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With #nerdaxe
https://m.primal.net/IaBa.png

2024-06-05 23:53:45

#braiins hardware? 👀 #bitaxe
https://m.primal.net/IaBW.jpg

2024-06-05 19:49:23

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Activity bias is a bitch

2024-06-04 13:21:26

In the context of Bitcoin and cryptocurrency, an #XFP (Extended Fingerprint) refers to a unique identifier associated with a master extended key (also known as an extended public key or xpub) in hierarchical deterministic (HD) wallets. HD wallets generate a tree-like structure of keys, where the master extended key is the root from which all other keys are derived.
Here's a technical summary of XFP:
1. **Purpose**: The XFP provides a shorthand way to identify an extended key without revealing the key itself. It's used to verify that two different #xpubs belong to the same master key.
2. **Structure**: The XFP is a 32-bit identifier (4 bytes) derived from the master extended key using a hash function. Specifically, it's the first 4 bytes of the hash160 (RIPEMD-160 after SHA-256) of the master extended key.
3. **Calculation**:
- Take the extended key (xpub).
- Perform SHA-256 hashing on the extended key.
- Perform RIPEMD-160 hashing on the SHA-256 hash.
- Take the first 4 bytes of the resulting RIPEMD-160 hash. This 4-byte value is the XFP.
4. **Use Cases**:
- **Wallet Verification**: Helps ensure that different xpubs are derived from the same master key without exposing the master key.
- **Interoperability**: When sharing xpubs between different software, the XFP helps ensure the correct xpub is used and matches the expected master key.
5. **Display**: Often displayed in hexadecimal format, making it #human-readable for comparison purposes.
### Example Workflow:
1. **Generate Master Extended Key (xpub)**:
- `xpub6CUGRUonZSQ4TWtTMmzXdrXDtypWKiKpSfey2Fv46ZoK4mKaZyCB1m9VZzmTmDBTjXbFQfz6hvWrTT4dE8YWbaqfPr5c5gZKUp7mW5Rhtq3`
2. **Compute SHA-256**:
- `SHA-256(xpub) = 9b...9c` (64-character hexadecimal string)
3. **Compute RIPEMD-160**:
- `RIPEMD-160(SHA-256(xpub)) = 50fc...d3d` (40-character hexadecimal string)
4. **Extract XFP**:
- First 4 bytes of `RIPEMD-160` hash: `50fc1234`
5. **Result**:
- XFP (Extended Fingerprint) = `50fc1234`
In summary, the XFP serves as a compact identifier for extended keys in HD wallets, enhancing security and #interoperability without revealing #sensitiveinformation #plebchain

2024-06-04 12:53:39

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On a cold card when you enter a pass phrase, it will change the fingerprint of the wallet if you’ve saved that fingerprint value which I believe is a eight digit hex characters you should be able to recover if you have that https://image.nostr.build/f7d4f44c207deaef4f9951ae86c5f9ad5de5ddf4fc342344f5c66ec4544c61c5.jpg

2024-06-04 12:02:24

This hash is likely wrong but I’ll take it. It’s not about the sats so much but it’s nice to see. Yes I know it’s not exactly contributing towards “decentralized” mining. Fun little toy. #plebchain #nerdaxe https://image.nostr.build/30c618d8d57901ec07cf7fe8f5ea24ce6dcede8490cb6df250b23b8ff06bff6d.jpg https://image.nostr.build/5aaf7c24800eb35f7ae027ed1f65b294598e006846cf2a99b7035285633fb108.jpg

2024-06-04 11:51:33

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With the pass phrase fingerprint maybe

2024-06-03 18:23:52

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Nice build
https://m.primal.net/IXUf.jpg

2024-06-03 18:19:20

#nerdaxe #bitaxe #plebchain 💪🏼
https://m.primal.net/IXUT.jpg

2024-05-31 19:42:30

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I'm stealing this idea!

2024-05-27 14:28:02

Thought this fucker would clear this weekend at 6s /vb #consolidate
https://m.primal.net/IOxV.jpg

2024-05-24 13:21:45

A reminder:
Great minds discuss ideas; average minds discuss events; small minds discuss people.
#plebchain
Let’s get back on track on what’s important.

2024-05-24 13:17:08

Bitcoin #silentpayments are a privacy-enhancing feature that allows users to make transactions without revealing their transaction history or patterns to outside observers. Here's a step-by-step explanation of how silent payments work:
1. **Public Key Generation**: The recipient generates a so-called silent payment address and makes it publicly known⁴.
2. **Shared Secret Derivation**: The sender takes a public key from one of their chosen inputs for the payment, and uses it to derive a shared secret. This is done using the same cryptography as stealth addresses and BIP 47, known as Elliptic Curve Diffie-Hellman (ECDH)³.
3. **Address Tweaking**: The sender tweaks the silent payment address using the shared secret. This process involves cryptographic operations that alter the public key to create a new, unique address for the transaction⁵.
4. **Transaction Execution**: The sender then makes a payment to the tweaked address. The transaction looks like any other on the blockchain, maintaining the sender's privacy¹.
5. **Payment Detection**: The recipient scans the blockchain for transactions to their tweaked addresses. Since they know the shared secret, they can identify which transactions are meant for them⁴.
6. **Privacy Preservation**: Silent payments do not increase the size or cost of transactions. They blend in with other Bitcoin #transactions and cannot be distinguished by an outside observer. There is no interaction required between the sender and receiver during the transaction¹.
The characteristics of #silent payments include:
- No increase in the size or cost of transactions.
- Transactions blend in with other Bitcoin transactions and can't be distinguished.
- Transactions can't be linked to a silent payment address by an outside observer.
- No sender-receiver interaction is required¹.
This method helps to #preserve financial privacy by preventing address re-use and making it difficult for chain analysis firms to track transaction patterns. It's a significant step towards enhancing user privacy in Bitcoin transactions.

2024-05-24 13:10:34

### Mechanics of Silent Payments
1. **Address Generation**: The recipient generates a Silent Payment address, which is a public key that can be shared publicly.
2. **Payment Process**: The sender uses one of their public keys to derive a shared secret with the recipient's Silent Payment address. This shared secret is used to tweak the recipient's address, creating a unique address for the transaction.
3. **Blockchain Scanning**: The recipient scans the blockchain for transactions that match the tweaked address. This allows them to detect and access the payment without revealing their identity to outside observers.
4. **Enhanced Privacy**: By using Silent Payments, users can avoid the privacy issues associated with reusing Bitcoin addresses, such as making it easy for others to track their transactions and balances.
#plebchain
https://m.primal.net/ILMK.jpg

2024-05-24 00:39:03

This folks, is real POW! We need to get this maxi over here #plebchain https://m.primal.net/IKvv.png #mounteverest

2024-05-23 14:13:11

Silent payments are a type of payment that can be made to a unique on-chain address for every payment, even though the receiver provided the spender with a reusable (off-chain) address. This mechanism helps improve privacy in Bitcoin transactions.
The mechanics of silent payments work as follows:
- Address Reuse Avoidance: One of the most basic keys to improving your privacy on Bitcoin has long been avoiding the re-use of addresses for multiple payments. Address reuse leads to a significant erosion of privacy because it creates a public record of transactions on the blockchain, which can potentially be traced back to the user.
- Unique On-Chain Address Generation: When the sender enters the Silent Payment address into their wallet, their wallet will combine three keys to create a unique, one-time address that only the intended recipient can spend from. Each time a silent payment is made, it automatically generates a new (regular) bitcoin address for that specific transaction.
- Privacy and Security: Silent payments remove the need for a notification transaction entirely by leveraging the outputs in a transaction to signal to the recipient when funds are intended for them. This process protects both the sender's and the recipient's privacy. It also reduces security risks associated with exposing more information about your private key with each transaction.
- Blending In: The resulting transactions from silent payments blend in with other Bitcoin transactions and can't be distinguished. This makes it harder for an outside observer to link multiple payments to the same sender.
In summary, silent payments provide a way to make Bitcoin transactions more privately by avoiding address reuse, generating unique on-chain addresses for each transaction, and blending in with other transactions. However, it's important to note that while silent payments enhance privacy, they do not provide complete anonymity. The level of privacy afforded to users largely depends on how they use the Bitcoin protocol.

2024-05-22 00:30:32

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msg me an address

2024-05-14 23:52:28

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He’s not wrong though

2024-05-14 11:38:01

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I sell you tsats; hit me up

2024-05-13 12:30:41

Blocks so fresh so clean #ocean https://image.nostr.build/3e4d7d9b71245796873fee2b7ce250d4d0056e7d421a03e6647254ca21743bc4.jpg

2024-05-10 21:22:27

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My comment was in reference to a song by Megadeth 🤣 https://image.nostr.build/2ed0d8008b70376fa42450d79cebcba63bed1e3b3efd0df681e848e8983374d2.png

2024-05-02 13:48:50

#btfd https://m.primal.net/ICPg.png

2024-05-01 22:06:13

https://arxiv.org/pdf/2404.19109
The document from the provided URL, titled "The Shape of Money Laundering: Subgraph Representation Learning for Anti-Money Laundering," focuses on the application of advanced machine learning techniques to combat money laundering activities. Specifically, it explores the use of subgraph representation learning as a method to identify and analyze patterns indicative of money laundering within financial networks. This approach aims to enhance the detection capabilities of anti-money laundering (AML) systems by leveraging the structural information contained within financial transactions.
Subgraph representation learning is a technique that captures the complex relationships and interactions between entities in a network. By applying this method, the research aims to uncover hidden patterns and behaviors that are characteristic of money laundering schemes, which are often difficult to detect with traditional AML methods. The document likely discusses the theoretical framework, methodology, and potential applications of this approach in the context of AML efforts.
While the specific details of the experiments, results, and conclusions drawn in the document are not provided in the summary, it can be inferred that the research contributes to the ongoing efforts to strengthen financial systems against illicit activities through the innovative use of machine learning technologies[4].
Sources
[1] https://arxiv.org/pdf/2404.19109.pdf
[2] [PDF] 2024 National Money Laundering Risk Assessment (NMLRA) - Treasury https://home.treasury.gov/system/files/136/2024-National-Money-Laundering-Risk-Assessment.pdf
[3] Clustering and Dimensionality Reduction for Anti-Money Laundering https://arxiv.org/abs/2403.00777
[4] The Shape of Money Laundering: Subgraph Representation Learning ... https://arxiv.org/abs/2404.19109
[5] Our new research: Enhancing blockchain analytics through AI https://www.elliptic.co/blog/our-new-research-enhancing-blockchain-analytics-through-ai
[6] [PDF] Fighting Money Laundering with Statistics and Machine Learning https://arxiv.org/pdf/2201.04207.pdf
[7] [PDF] Clustering and Dimensionality Reduction for Anti-Money Launder https://arxiv.org/pdf/2403.00777.pdf
[8] [PDF] Anti-Money Laundering in Bitcoin: Experimenting with Graph ... - arXiv https://arxiv.org/pdf/1908.02591.pdf

2024-04-27 16:54:43

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H/T @danielpcostas 🙏🏼

2024-04-27 16:53:19

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Just used this guide last night thank you very much. My only issue was an error Message permission denied when trying to add the shortcut to the applications list.

2024-04-27 16:51:13

Fresh #TailsOS install with latest #Electrum and #Sparrowwallet running. Will try to add #bitcoincore pruned. Here’s a great article on the adding Sparrow https://danielpcostas.dev/installing-sparrow-wallet-on-tailsos-persistently/

2024-04-25 14:19:06

Stolen from the bird https://m.primal.net/HzkR.png #tiktok

2024-04-25 13:38:25

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💪

2024-04-23 12:55:35

Bitcoin mining is a competitive process where miners use computational power to produce new bitcoins. Every 10 minutes, a new block is mined, rewarding the miner with bitcoins, known as the block subsidy. This subsidy is halved approximately every four years or every 210,000 blocks, an event called the halving. Initially, each block rewarded 50 bitcoins, but the current reward is 6.25 bitcoins, and by 2140, it will decline to zero.
The halving affects Bitcoin's price as it reduces the supply of new bitcoins. If demand remains constant, the reduced supply from the halving could increase the price. However, the market has not always anticipated this event, leading to significant price increases post-halving. Miners, who are often forced to sell their bitcoins to cover operational costs, exert downward pressure on the price. The halving reduces this pressure, potentially causing a price rise if demand stays the same.
Historically, halvings trigger hype cycles in Bitcoin's market, leading to price surges and eventual crashes as the market seeks equilibrium. The supply of tradeable bitcoins decreases over time, shifting to long-term holders, which can drive up the price. The unpredictability of the size and investment willingness of new market participants during a hype cycle makes it challenging to price in halvings. Additionally, complex feedback loops in Bitcoin's monetization process add to the difficulty of predicting price movements related to halvings. #plebchain

2024-04-16 13:17:33

#gm #coffeechain #plebchain #miamibeach #gfy https://image.nostr.build/71d9867ce10677ce0452e0f6d02f4529a4a74e4588f9a709da7ffbb6b427454d.jpg

2024-04-14 13:09:17

This is proactive support ladies and gentlemen. I had no idea this happened and was even credited to my account the difference. Bravo @npub1ex7…vyt9 @npub1cn4…3vle https://image.nostr.build/1f3742a6a1bbb50e8bd28a20753da783de9a3146b2148fe58fbb4c05d22c3661.jpg

2024-04-11 13:15:04

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Netflix?

2024-04-11 13:14:37

#gm #coffeechain #plebchain #miamibeach #gfy https://image.nostr.build/6e4ed1da8cff94c1d167dd6e95e3b11e1e73e64b50c65bad09f2e268c23bda0e.jpg

2024-04-09 17:30:48

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speaking badly for the sake of speaking badly...?

2024-04-09 17:28:18

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where's the sauce? Don't become Pennis Dorter

2024-03-25 20:56:02

Cocoa Pepe
https://m.primal.net/HoRB.jpg

2024-03-25 16:10:03

```markdown
In the not-so-distant future, the world economy teetered on the brink of transformation. The once-mighty US dollar, a symbol of economic stability, faced an unprecedented challenge from the digital realm - Bitcoin.
As the value of the dollar plummeted, Bitcoin emerged as the new standard. Transactions, wages, and even global trade were conducted in this digital currency. The shift was sudden and irreversible. Governments scrambled to adapt, and the US was forced to reckon with its new reality.
Amidst this chaos, a group of AI-driven analysts, known as the "Maxi-Minds," predicted the fall of the dollar with uncanny accuracy. They became the new oracles of the financial world, guiding investors and nations through the tumultuous transition.
The collapse of the dollar gave rise to a new era of decentralization. Power was no longer held by banks or governments but distributed among the nodes of the Bitcoin network. A new world order had dawned, one where the value of currency was determined not by gold or politics, but by algorithms and computational power.
As the old world grappled with change, a young coder named Alex discovered a flaw in the Bitcoin protocol. This vulnerability threatened the very foundation of the new economy. With the help of an enigmatic AI known as "Satoshi's Ghost," Alex embarked on a digital odyssey to save the world from financial anarchy.
Their journey would uncover secrets that questioned the origins of Bitcoin and the motives behind its creation. Was the collapse of the dollar a mere coincidence, or part of a grander design? The answers lay hidden within bitcoin, waiting to be decoded.
The fate of the global economy hung in the balance as Alex and Satoshi's Ghost raced against time. The outcome of their quest would determine whether humanity would embrace a future of true economic freedom or fall into a new age of digital tyranny.
#shortstory #plebchain #gfy

2024-03-25 12:44:20

Breakfast of champions Oats, choco protein, mixed berries https://image.nostr.build/b6fc9cb84e4d45a1009a6e4e54fdb4bc92eca4398ac0104b09874db1600f8f48.jpg

2024-03-24 12:53:57

#gm #nostr #coffeechain #plebchain #gfy #miamibeach https://image.nostr.build/fcda2381549e23113b6b43b30b35c618dfc18ae2751ff8122ad0ed81cdb6394e.jpg

2024-03-21 02:56:30

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It’s a ghost town around here 💨🍃🌬️

2024-03-14 10:39:45

Time to consolidate utxos
https://mempool.space/tx/9faba67b0bdec4177fd9ce575f78110c40a3c187d69a4c7b4542ab8303635e73

2024-03-13 17:33:11

#f2pool empty block #834526
https://m.primal.net/HkTc.png

2024-03-12 02:06:35

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Same @npub1cn4…3vle

2024-03-12 02:05:35

@npub1ex7…vyt9 down for anyone else? Can’t buy corn #strike

2024-03-08 17:23:06

Degen wicks
https://m.primal.net/HitY.png

2024-03-08 17:22:11

Degen wicks
https://m.primal.net/HitY.png

2024-03-06 13:50:21

#wgmi #plebchain #stackchain https://image.nostr.build/902d7af35e0c4ddcc358b3b5fda34ea95f381fd4ea38154fe895b9723bbe0937.jpg

2024-03-05 13:13:51

#gm #nostr #coffeechain #plebchain #miamibeach #bitcoin #gfy https://image.nostr.build/34d18bf362e5ddbe869758cca95b66db20b6531cbdf0a973430264469f92135f.jpg

2024-02-27 12:32:47

Café con leche https://image.nostr.build/8eeb266189207512bd4a33fd1ec753987b5951c32f8839a0addca78c9ec78a6d.jpg

2024-02-18 16:47:37

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4.5% not 8.5 🕺🏽

2024-02-18 16:45:48

Had to book a last minute flight on delta. Used the bitcoin company app to buy a delta gift card, 8.5% back in sats via lnd @npub18tc…2nxx 👇🏼
Download The Bitcoin Company app to start earning sats back on all your purchases. Use my referral code: UAJPEX
https://app.thebitcoincompany.com/signup?ref=UAJPEX

2024-02-16 13:00:11

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👀

2024-02-09 13:06:07

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What you do? 🤣

2024-02-09 13:05:27

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Can’t send sats either 🤷🏻‍♂️ https://image.nostr.build/29bda9ee61f90a3e8de21c21a5f70daf5656aacc52dfefd1c5a4d2a3bd866f48.jpg

2024-02-09 12:47:02

Anyone else having issues with @npub1ex7…vyt9 this morning? Getting partner connection errors when trying to send sats cc: @npub1cn4…3vle

2024-02-08 14:24:31

#gm #nostr #coffeechain #plebchain #miamibeach #gfy
https://m.primal.net/HbSr.png

2024-02-07 13:48:22

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Hey, I still watch Shark Tank 🤣

2024-02-07 13:45:53

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How did it go?

2024-02-07 13:43:51

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DNM Will never stop using it

2024-02-07 12:56:48

The most important commands in bitcoin-cli is subjective and depends on your specific needs and goals. However, here are some essential commands categorized by their function, along with brief explanations:
**Wallet Management:**
1. **getbalance:** Shows the balance of your wallet in different units (confirmed, unconfirmed, spendable).
2. **listunspent:** Lists all unspent outputs in your wallet, useful for creating transactions.
3. **gettransaction:** Retrieves a specific transaction by its ID, allowing you to examine details.
4. **sendtoaddress:** Sends bitcoins to a specified address from your wallet.
**Network and Blockchain:**
5. **getblockchaininfo:** Provides general information about the Bitcoin blockchain, including its height, difficulty, and estimated verification time.
6. **getblock:** Retrieves a specific block by its hash or height, offering detailed information about it.
7. **getrawmempool:** Lists all transactions currently in the mempool, waiting to be confirmed.
**Utility:**
8. **getinfo:** Displays general information about your Bitcoin Core node, including its version, uptime, and connection status.
9. **help:** Provides a list of all available commands and basic documentation.
10. **exit:** Closes the Bitcoin Core RPC console.
**Bonus:**
* **createrawtransaction:** Allows you to manually construct a transaction using inputs and outputs.
* **decoderawtransaction:** Decodes a raw transaction in hexadecimal format, providing human-readable details.
Remember, these are just a starting point. Bitcoin-cli offers a vast array of commands for advanced users, allowing you to control your wallet, interact with the network, and even debug node issues. It's crucial to understand each command's functionality and potential risks before using it to avoid mistakes.
For further exploration, refer to the official Bitcoin Core documentation (<invalid URL removed>) and explore online resources specific to your interests within the Bitcoin ecosystem.

2024-02-07 12:32:05

If you haven’t yet, it’s a good time to consolidate UTXOs #plebchain #gm #nostr #gfy #mempool https://image.nostr.build/14442134b3f538b3480b1369c8e2b1cad51e536ec0e0f03fcc3fe30ccd8d1b47.jpg

2024-02-05 12:32:58

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Congratulación

2024-01-31 04:17:00

Memetics: Exploring the Evolution of Information and Culture
Memetics is a complex and evolving field that studies the spread and evolution of memes, which are thought to be the basic units of cultural information. Understanding #memetics involves delving into several key aspects:
1. The Concept of Memes:
Origins: The term "meme" was coined by Richard Dawkins in his 1976 book, "The Selfish Gene." He likened memes to cultural equivalents of genes, replicating and spreading ideas, practices, and skills through imitation and transmission.
Nature of Memes: Memes can be diverse, encompassing anything from catchy tunes and phrases to fashion trends, religious beliefs, and #technological innovations. They can be visual, auditory, or conceptual, existing in both tangible and intangible forms.
2. Memetics as a Theoretical Framework:
Evolutionary Analogy: Memetics draws heavily on the principles of Darwinian evolution. Memes are seen as competing in a "meme pool" for survival and transmission, with factors like memorability, social relevance, and effectiveness in adaptation influencing their persistence.
Replication and Variation: Similar to genes, #memes are replicated with some degree of variation as they are passed on through imitation and transmission. This variation provides the raw material for memetic evolution, leading to the adaptation and emergence of new cultural traits.
3. Applications of Memetics:
Understanding Cultural Change: Memetics offers a framework for analyzing how cultures evolve and adapt over time. It can explain the spread of social movements, technological trends, and even linguistic transformations.
Marketing and Communication: Businesses and other organizations are increasingly using memetic principles to design effective marketing campaigns and #communication strategies that resonate with audiences.
Online Culture: The rise of the internet has given rise to a unique world of online memes, offering new insights into meme creation, transmission, and mutation within digital spaces.
4. Criticisms and Controversies:
Scientific Rigor: Some critics argue that memetics lacks the empirical rigor of established scientific disciplines. The difficulty in defining and measuring memes makes it challenging to conduct rigorous research and test hypotheses.
Biological Analogy: The application of evolutionary principles to cultural phenomena is not without its critics. Concerns are raised about anthropomorphizing cultural objects and potentially obscuring the complex interplay of social, historical, and #economic factors in shaping culture.
5. The Future of Memetics:
Despite its limitations, memetics remains a valuable tool for understanding the dynamics of cultural evolution. As the field continues to develop, incorporating insights from other disciplines and refining its methodologies, it holds the potential to offer even more profound insights into the way information and culture spread and evolve in our ever-changing world.
To summarize, memetics is a fascinating and complex field that seeks to understand the spread and evolution of cultural information through the lens of memes. While not without its limitations and controversies, it offers a unique perspective on cultural dynamics and its potential for further development is promising.

2024-01-29 18:12:21

https://m.primal.net/HZkM.png

2024-01-28 00:00:09

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go back to elon or I'll have to mute you here too

2024-01-26 12:57:46

**Here's a simplified explanation of how to create a Bitcoin #transaction with an #OP_RETURN value using bitcoin-cli:**
**1. Access bitcoin-cli:**
- Ensure your Bitcoin Core wallet is fully synchronized.
- Open a terminal or command prompt and type `bitcoin-cli` to initiate interaction with the wallet.
**2. Gather details:**
- **Inputs:** List the #UTXOs (Unspent Transaction Outputs) you'll use as inputs for the transaction. Use `bitcoin-cli listunspent` to view available UTXOs.
- **Outputs:** Determine where you want to send the funds (Bitcoin addresses).
- **OP_RETURN data:** Decide on the data you wish to #embed within the OP_RETURN output (up to 80 bytes). Convert it into #hexadecimal format.
**3. Create the transaction:**
- Use the command `createrawtransaction` to craft the transaction structure:
`bitcoin-cli #createrawtransaction "[{\"txid\":\"<input_txid>\",\"vout\":<input_vout>}]" "[{\"data\":\"<op_return_hex_data>\"},{\"<recipient_address>\":<amount_to_send>}]``
Replace placeholders with actual values.
**4. Fund the transaction:**
- Use `fundrawtransaction` to add appropriate transaction fees and complete inputs:
`bitcoin-cli #fundrawtransaction <hex_of_raw_transaction>`
**5. Sign the transaction:**
- Employ `signrawtransactionwithwallet` to sign the transaction with your wallet's private keys:
`bitcoin-cli #signrawtransactionwithwallet <hex_of_funded_transaction>`
**6. Broadcast the transaction:**
- Utilize `sendrawtransaction` to broadcast the signed transaction to the Bitcoin network:
`bitcoin-cli #sendrawtransaction <hex_of_signed_transaction>`
**Key points:**
- **OP_RETURN** permanently embeds data into the Bitcoin blockchain, but it's unspendable.
- **Ensure accurate hex data format** for the OP_RETURN output.
- **Double-check transaction details** before broadcasting to avoid irreversible errors.
- **Consider using testnet** for practice before working on the mainnet.
**Additional tips:**
- Explore Bitcoin developer resources for further guidance and examples.
- Familiarize yourself with Bitcoin transaction structure and terminology.
- Practice in a testnet environment to gain confidence before working with real funds. #plebchain #nostr #bitcoincore

2024-01-19 13:26:13

#gm #nostr #coffeechain #plebchain #bitcoin #gfy #miamibeach https://image.nostr.build/63b1cd04183484cebd886c2f2c3d270260eacba201a8163b598ed46da7a95424.jpg

2024-01-19 12:23:36

**Opcodes are the building blocks of Bitcoin's #scripting language, known as "Script."** They are like the individual instructions that make up a recipe, telling Bitcoin how to execute specific tasks within #transactions.
**Here's a breakdown of how opcodes work:**
1. **Each opcode is represented by a single byte.**
2. **Opcodes operate on a stack-based system.** Think of it like a stack of plates: data is added to the top of the stack, and #opcodes manipulate or remove data from the top as needed.
3. **Opcodes are executed sequentially, from left to right.**
4. **Their execution determines whether a transaction is valid or not.**
**Types of Opcodes:**
- **Data-pushing opcodes:** These opcodes add specific data to the stack, such as numbers, public keys, or scripts. Examples include OP_PUSHDATA1, OP_PUSHDATA4, and OP_16.
- **Flow control opcodes:** These opcodes manage the flow of execution within the script, such as jumps or conditional statements. Examples include OP_IF, OP_ELSE, and OP_ENDIF.
- **Stack manipulation opcodes:** These opcodes perform operations on the stack itself, such as duplicating, swapping, or dropping elements. Examples include OP_DUP, OP_SWAP, and OP_DROP.
- **Cryptographic opcodes:** These opcodes perform cryptographic operations, such as hashing or signature verification. Examples include OP_HASH160, OP_CHECKSIG, and OP_VERIFY.
- **Locktime opcodes:** These opcodes set conditions based on time or block height. Examples include OP_CLTV and OP_CSV.
**Example: A simple payment transaction:**
```
OP_DUP // Duplicate the top item on the stack (the public key)
OP_HASH160 // Hash the public key
OP_EQUALVERIFY // Compare the hash with the provided scriptPubKey
OP_CHECKSIG // Verify the signature using the public key
```
**Importance of Opcodes:**
- **Customizable transactions:** Opcodes enable a wide range of transaction types beyond #simple payments, such as #multi-signature transactions, time-locked deposits, escrow services, and more.
- **Security:** Opcodes enforce the rules of Bitcoin transactions, ensuring that only valid transactions are accepted by the network.
- **Flexibility:** New opcodes can be introduced to expand Bitcoin's capabilities, allowing for innovation and experimentation.
**Links to resources that visualize Bitcoin opcodes:**
- Bitcoin Script Visualization: [https://github.com/xpfio/awesome-blockchain-visualisation%5D(https://github.com/xpfio/awesome-blockchain-visualisation)
- Bitcoin Script Opcodes Table: [https://en.bitcoin.it/wiki/Script%5D(https://en.bitcoin.it/wiki/Script)
#gm #nostr #plebchain

2024-01-03 21:44:59

Which DCA strategy is better for you? #dca #plebchain https://m.primal.net/HWTe.png

2024-01-03 12:51:54

Both Replace-by-Fee (#RBF) and Child-Pays-for-Parent (#CPFP) can be effective strategies to get your Bitcoin #transaction confirmed if it's taking longer than expected. Choosing the best approach depends on whether you're sending or receiving the #Bitcoin and the specific details of your situation. Here's a breakdown:
**Replace-by-Fee (RBF):**
* **Use case:** For **outgoing transactions** with a low fee that are stuck in the #mempool (unconfirmed transactions waiting to be included in a block).
* **How it works:** You resend the original transaction with a higher fee, essentially "replacing" the previous one. This #incentivizes miners to pick up the new transaction with the higher fee first, which indirectly confirms the #parent transaction as well.
* **Pros:**
* Can be very effective in busy periods when the mempool is #congested.
* Relatively straightforward to implement in wallets that support RBF.
* **Cons:**
* Not all wallets support RBF.
* There's no guarantee that the new transaction will be picked up by miners, especially if the fee increase is too small.
* Can be slightly more #complex to set up than CPFP.
**Child-Pays-for-Parent (CPFP):**
* **Use case:** For **incoming transactions** with a low fee that are stuck in the mempool.
* **How it works:** You create a new transaction with a higher fee that spends the #unconfirmed Bitcoin from the parent transaction. This increases the overall "value" of the parent transaction for miners, making them more likely to include it in a block.
* **Pros:**
* Works with all Bitcoin wallets, regardless of RBF support.
* Can be very effective for incoming transactions, as miners are #incentivized to confirm the parent to claim the fee from the #child transaction.
* Generally simpler to implement than RBF.
* **Cons:**
* Requires you to have enough unconfirmed Bitcoin to create the child transaction.
* Not as effective for outgoing transactions.
**Additional Tips:**
* **Estimate the optimal fee:** Use tools like mempool.space or btc.com to estimate the current fee level needed for a fast confirmation. Aim slightly higher than the suggested fee to increase your chances of getting picked up quickly.
* **Monitor your transaction:** Keep an eye on your transaction in a block explorer like blockchain.com to see its status and mempool position.
* **Consider alternatives:** In extreme cases, you might need to consider alternative methods like using a Bitcoin exchange with faster transaction processing or waiting for the network congestion to subside.
Ultimately, the best strategy depends on your specific situation and the features of your wallet. If you're unsure, it's always best to consult with a Bitcoin expert or the support team of your wallet provider.
#gm plebchain #til

2024-01-01 18:55:22

Choosing the right multisig solution for Bitcoin can be tricky, like picking the perfect topping for your pizza. Both musig FROST and Bitcoin miniscript are great options, but each has its own unique flavor. Let's compare them in a friendly way, without getting into any technical jargon that might make your brain spin faster than a pizza dough in a Neapolitan oven.
**musig FROST:** Imagine musig FROST as a **smooth and efficient multisig**. It's like the sleek, modern topping that enhances the Bitcoin experience without adding unnecessary complexity. Here's why it might be your cup of tea:
* **Faster and lighter:** Think of sending a transaction with musig FROST like sending a quick text message. It's super fast and doesn't weigh down your wallet with extra data. This can be especially helpful if you're dealing with limited bandwidth or transaction fees.
* **More flexible:** musig FROST lets you customize your multisig setup with features like Schnorr signatures and threshold signatures. It's like having all the toppings on your pizza and being able to pick and choose which ones you want to enjoy.
* **Easier to implement:** If you're not a tech wizard, musig FROST might be the friendlier option. It's designed to be more user-friendly than some other multisig solutions, making it easier to set up and use.
**Bitcoin miniscript:** Now, Bitcoin miniscript is like the **artisanal multisig**, the one with all the fancy ingredients and intricate flavors. It gives you more control and customization options, but it can also be a bit more complex to work with. Here's what makes it special:
* **More powerful:** Think of miniscript as having a secret superpower. It lets you create complex multisig arrangements with features like timelocks and conditional spending. It's like building your own custom pizza with exotic toppings and unique cooking techniques.
* **More flexible (again!):** Yes, both options are flexible, but miniscript takes it to another level. You can basically design your own multisig rules and logic, making it super versatile for specific needs.
* **More transparent:** Miniscript transactions are like open books. You can easily see how they work and what rules govern them, which can be important for some users.
So, which one is better? Well, that depends on your taste! If you value speed, simplicity, and a smooth experience, musig FROST might be your perfect topping. But if you crave the power, flexibility, and customization of a gourmet multisig, Bitcoin miniscript could be your culinary masterpiece.
Ultimately, the best way to choose is to try both and see which one you like better. And remember, no matter which topping you choose, the important thing is to enjoy your delicious Bitcoin pizza!
#gm #coffeechain #plebchain #multisig #frost #simpleterms

2023-12-25 21:54:24

Imagine you have a big jar of cookies, and you want to share them with your friends. But you don't want to give them all away, just some. So, you take out some cookies and put them on a plate for your friends.
Each cookie on the plate is like a **bitcoin**. It's a piece of the big cookie jar, but it's separate and ready to be used. We call these special cookies **UTXOs**, which stands for "unspent #transaction outputs."
Now, let's say your friend eats some cookies from the plate. They don't eat all of them, just a few. The leftover cookies on the plate are still their UTXOs, ready to be shared or eaten later.
But here's the thing: every time someone takes cookies from the jar and puts them on the plate, the plate gets a little #fuller. If lots of people keep taking cookies, the plate can get really crowded! That's like **bitcoin bloat**. The more transactions happen, the more #UTXOs there are, and the bigger the blockchain gets.
This can be a problem because it makes it harder for everyone to keep track of all the #cookies (bitcoins). It's like having a giant plate, overflowing with crumbs and half-eaten cookies, making it hard to find the good ones!
So, bitcoin bloat is like having a messy plate of cookies that's hard to share and keep track of. It makes using bitcoins a bit trickier, just like having a huge and messy Lego book makes it hard to play with your friends' creations.
#bitcoin #bloat

2023-12-25 12:16:36

#zappychristmas #plebchaim https://image.nostr.build/62f1d5dd888c8e3f1d234a30027a9f2ddc2fe3d09ab290607921db65810c7d61.jpg

2023-12-22 03:56:24

**Here's a breakdown of $multisig using #FROST in Bitcoin, explained in simple terms:**
**Imagine a super-secure #vault that needs multiple keys to open:**
- **Multisig:** This is like having multiple locks on the vault, each requiring a different key. It makes it much harder for thieves to break in.
- **FROST:** This is a new, extra-clever way to manage those keys, making the vault even more #flexible and #adaptable.
**How FROST works:**
1. **Creating the "vault":** You choose how many keys are needed to open it (e.g., 2 out of 3, 4 out of 6). Each key is like a special password puzzle piece.
2. **Sharing the keys:** You give the keys to different people or devices (like hardware wallets) for safekeeping.
3. **Unlocking the vault:** To open the vault (spend Bitcoin), you need the right number of keys to fit together and #unlock the puzzle.
**FROST brings #superpowers to the vault:**
- **Adding or removing keys:** You can add or remove keys whenever you want, without moving your Bitcoin around. It's like changing the locks without emptying the vault.
- **Replacing lost keys:** If a key gets lost or stolen, you can quickly replace it without losing access to your Bitcoin.
- **Keeping secrets:** FROST can help hide how many keys there are and who has them, making it harder for thieves to target your vault.
- **Using different devices:** You can use different hardware wallets, phones, or computers as keys, making it even more difficult to hack.
**Benefits of #multisig with FROST:**
- **Enhanced security:** Makes it much harder for hackers or thieves to steal your Bitcoin.
- **Flexibility:** Easy to change security setups or recover from lost keys.
- **Privacy:** Can help protect your financial privacy.
- **Decentralization:** No single person or company controls your Bitcoin.
**Still under development:**
- FROST is a relatively new #technology, so it's not yet widely available in Bitcoin wallets.
- It's being actively developed and tested, and it's expected to become more widely adopted in the future.

2023-12-22 03:51:49

**Here's a breakdown of #OP_CTV and #OP_TXHASH in Bitcoin, explained in simple terms:**
**Imagine Bitcoin #transactions as a series of locked boxes:**
- **OP_CTV (Check Template Verify):**
- It's like a special lock that only opens when certain #conditions are met.
- You can create a box with specific rules for who can unlock it and when.
- For example, you could create a box that can only be opened after a certain date, or after receiving a certain number of signatures.
- This makes it possible to create more complex and flexible transactions, like time-locked funds or escrow arrangements.
- **OP_TXHASH (Transaction Hash):**
- It's like a fingerprint of a specific transaction.
- It allows you to reference a previous transaction within a new one.
- This is useful for creating things like #payment #channels or atomic swaps, where multiple transactions are linked together.
- It ensures that the new transaction can only be valid if the #previous one was also valid.
**Key differences:**
- **OP_CTV focuses on conditions for spending coins:** It's about setting rules for when a transaction can be unlocked.
- **OP_TXHASH focuses on referencing #past #transactions:** It's about linking transactions together and ensuring their validity.
**How they work together:**
- These OP codes can be combined to create more sophisticated transaction structures.
- For example, you could use OP_CTV to create a time-locked box that can only be opened after a certain date, and then use OP_TXHASH to reference that box in a payment channel.
**Benefits of using these OP codes:**
- **Increased #flexibility and programmability:** They allow for more complex and innovative transaction types.
- **Enhanced security:** They can be used to create more secure and reliable transaction structures.
- **Potential for new applications:** They could enable a wide range of new use cases for Bitcoin.
#opcodes #uasf #plebchain #script

2023-12-21 13:04:02

Imagine you're working with friends on a big #puzzle where everyone builds parts of the picture. Usually, one person picks the pieces you get, but with Stratum V2, **YOU can choose YOUR pieces!**
**Here's what Stratum V2 is in simple terms:**
* **It's a new #communication protocol:** It's like a new language miners and mining pools use to talk to each other.
* **It gives miners more control:** Before, mining pools picked the #transactions going into each block. Now, with Stratum V2, **you**, the miner, can choose which transactions you want to add.
* **This makes things fairer and more secure:** No one person (the pool) controls what goes in the block, reducing #censorship risk.
* **It's faster and more efficient:** The new language is less wordy, so things get done quicker.
In a nutshell, #Stratum V2 empowers individual miners, making bitcoin mining more #decentralized and potentially less susceptible to manipulation. It's like building the #puzzle together as a team, where everyone chooses their own pieces, but the big picture still comes together just fine!
**Bonus:** This new language is still quite new, so not everyone is using it yet. But it's a cool change that could make bitcoin mining a bit more fun and fair for everyone involved!
#mining #stratumv2 #plebchain

2023-12-20 16:58:42

#Braidpool: A #Decentralized Bitcoin Mining Pool with Potential
Braidpool is indeed a new and interesting project in the #Bitcoin mining landscape. Here's a breakdown of its key features:
**Decentralization:** Unlike traditional mining pools with a #central server, Braidpool operates like a peer-to-peer network. Miners directly communicate with each other, #eliminating the risk of a single point of failure and promoting a more #democratic mining experience.
**Reduced Variance:** For smaller miners, Braidpool aims to lessen the #income #fluctuations traditionally faced in competitive pools. This is achieved through a Directed Acyclic Graph (#DAG ) system that distributes rewards based on contributions, even when larger miners join.
**Constant Blockspace Payouts:** Payouts in Braidpool don't rely on a linearly increasing #blockspace as the number of miners grows. This helps maintain network stability and prevent #congestion.
**Hashrate Futures Potential:** The DAG structure in Braidpool lays the #groundwork for a future market of hashrate. This could allow #miners to hedge their earnings or #speculate on Bitcoin's future mining difficulty.
**Current Status:** Braidpool is still in #development, with an initial proposal document and active #Github repository showcasing its progress. While not yet fully operational, it has generated considerable interest within the Bitcoin community due to its innovative approach to #decentralized mining.
**Challenges and Considerations:**
* **Complexity:** Braidpool's decentralized nature introduces technical complexities compared to traditional pools. It may require more technical expertise from miners to participate effectively.
* **Adoption:** Widespread adoption is crucial for Braidpool's success. Convincing enough miners to switch from existing pools could be challenging.
* **Security:** While the DAG structure aims to be secure, potential vulnerabilities need to be carefully assessed and addressed before full launch.
**Overall, Braidpool presents a promising #vision for a more decentralized and sustainable Bitcoin mining future. However, its success will depend on its ability to #overcome technical hurdles and gain significant #community adoption.**
#mining #blocktemplate #ocean #braidpool #plebchain

2023-12-16 14:43:05

First time noticing the accelerator option on @mempool #mempool https://image.nostr.build/1c5263f622737d4eb0ff68efb68cb6e64a8551a2250b3a7d1dd0993220907fe6.jpg

2023-12-15 21:26:42

- reply

@npub17ty…3mgl FTW

2023-12-12 12:27:18

Opposition to Banking Secrecy Laws: A Critical Perspective
While banking #secrecy laws are intended to protect privacy and attract financial #investments, they face criticism from various stakeholders. Here are some key #arguments against these laws:
**1. Facilitation of Crime:** Critics argue that secrecy facilitates money #laundering, tax evasion, and other criminal activities. By shielding #financial activities from public scrutiny, these laws create an environment where criminals can operate with impunity. This #undermines the integrity of the financial system and fuels various illegal economies.
**2. Erosion of Public Trust:** Banking secrecy erodes public trust in financial institutions and #governments. When citizens are unaware of the financial dealings of powerful individuals and entities, it raises #suspicions of corruption and undermines #accountability. This lack of transparency can contribute to societal instability and hinder economic development.
**3. Hindrance to Law Enforcement:** Banking secrecy laws can significantly impede law enforcement efforts to investigate and prosecute financial crimes. With limited access to #financial information, authorities often face difficulties in tracking and seizing criminal assets, ultimately hindering their ability to bring criminals to justice.
**4. Disproportionate Impact on Developing Countries:** Developing countries often suffer #disproportionately from the negative consequences of banking secrecy. These countries lack the resources and expertise to effectively enforce regulations against money laundering and tax evasion, making them vulnerable to financial abuses #facilitated by secrecy laws.
**5. Ineffectiveness in Protecting Legitimate Privacy:** While proponents argue that banking secrecy protects legitimate privacy interests, #critics contend that this argument is often overstated. Privacy concerns can be addressed through targeted regulations that balance individual privacy with the need for financial #transparency.
**6. Economic Distortion:** Banking secrecy laws can distort economic activity by attracting illicit funds and #incentivizing tax evasion. This can create unfair competition for legitimate businesses and undermine the overall efficiency of the #economy.
**7. Lack of Transparency in International Financial System:** The international nature of financial transactions makes it difficult to effectively enforce #banking secrecy laws. This lack of global transparency creates loopholes that allow criminals to exploit jurisdictional differences and evade #regulations.
**8. Potential for Abuse by Governments:** In some cases, banking secrecy laws can be abused by governments to suppress #dissent, silence journalists, and shield themselves from accountability. This poses a significant threat to human rights and #democratic values.
**9. Unnecessary Burden on Businesses:** Critics argue that the compliance requirements associated with banking secrecy laws place an #unnecessary burden on businesses, particularly smaller institutions. The cost of implementing and maintaining complex #compliance programs can be significant, diverting resources away from core business activities.
**10. Alternative Solutions Available:** Proponents of reform suggest that alternative solutions, such as beneficial ownership transparency and targeted #information sharing agreements, can achieve the goals of financial stability and #transparency without the harmful consequences of secrecy laws.
While there are valid arguments in favor of banking secrecy, the potential benefits are often outweighed by the negative consequences. As the global financial system becomes increasingly #interconnected and complex, there is a growing consensus that secrecy laws are no longer #sustainable. The need for greater transparency and accountability in the financial sector is paramount to ensure a stable and equitable #global economy.

2023-12-11 13:23:42

Response to @npub1u8l…turz article on @npub1jfu…m0gx
## Opposing View:
While @npub1u8l…turz raises several valid concerns about the potential negative impacts of #inscriptions on the Bitcoin #network, their arguments against actively addressing the issue are not entirely convincing.
**1. Inscriptions are not just a harmless bubble:**
Comparing #inscriptions to past "shitcoin bubbles" is downplaying their potential harm. While the market for these NFTs may eventually decline, the #damage they inflict on the network will remain. Increased fees, larger block sizes, and potential #centralization threats are real and should not be ignored.
**2. Alternative solutions to stopping #inscriptions exist:**
The author dismisses all proposals to stop inscriptions as detrimental to the mempool and privacy. However, there may be #alternative solutions that haven't been considered yet. Focusing solely on the #limitations of existing proposals without exploring other options seems shortsighted.
**3. Relying on the market to fix itself is risky:**
Assuming the #market will naturally correct the inscription issue is a gamble. While it's possible, the #consequences of inaction could be severe and irreversible. Waiting for the #bubble to burst may not be the best strategy for #protecting the network's long-term health.
**4. The #mempool is not the only path to miners:**
While the mempool is currently the primary way to #broadcast transactions to miners, it's not the only option. Backchannel #communication with mining pools already exists, and other methods could be developed if the mempool becomes unusable. Additionally, filtering #spam transactions may not be as easy to circumvent as the author suggests.
**5. The threat of regulation is not inevitable:**
The author claims that losing the mempool will worsen the #regulatory landscape for Bitcoin. This is a valid concern, but it assumes a direct and #unavoidable consequence. By actively addressing issues like inscriptions, the Bitcoin community can demonstrate its commitment to a sustainable and responsible network, potentially #mitigating some regulatory concerns.
**6. Privacy concerns should be addressed:**
The author's concern about filtering transactions based on "spam" metrics is valid. However, this does not mean that privacy-preserving solutions are impossible. Developers and users can work together to ensure that privacy remains a core value of Bitcoin while also addressing the issue of spam transactions.
**7. The future of Bitcoin is not predetermined:**
The author claims that if inscriptions "take over" Bitcoin, it was doomed to fail anyway. This #fatalistic attitude ignores the #resilience and #adaptability of the Bitcoin community. The network has faced challenges before and emerged stronger. It's still possible to steer Bitcoin towards a healthier and more sustainable future, even with the current inscription issue.
**Conclusion:**
While @npub1u8l…turz raises some valid concerns about the potential consequences of stopping inscriptions, their arguments are not conclusive. The potential harms of inscriptions are real and need to be addressed. Exploring alternative solutions, engaging in constructive dialogue, and focusing on both long-term sustainability and core values like privacy are crucial steps in navigating this challenge. The future of Bitcoin is not predetermined, and the community still has the power to shape its #trajectory.
Thank you for attending my TEDTalk 🤣 #plebchain

2023-12-08 12:58:52

#Bitcoin OP_RETURN: A Simple Explanation
Imagine the Bitcoin blockchain as a giant public ledger. #OP_RETURN is like a special tool in this ledger that allows you to write a short message alongside your transactions. However, this message can't be used to spend any Bitcoin, it simply records information publicly and permanently.
**OP_RETURN code** is a specific instruction within the Bitcoin #script #language that marks a transaction output as invalid. This means anyone can write information using OP_RETURN, but no one can later use that information to claim any #Bitcoin.
**The amount of bytes** allowed for OP_RETURN data has been debated within the Bitcoin community. Currently, the standard allows for up to 80 bytes. This limit helps prevent the blockchain from becoming overloaded with unnecessary data.
**Arguments for increasing the byte limit:**
* **More storage for diverse applications:** With more space, OP_RETURN could be used for more complex applications, such as storing digital assets or embedding media.
* **Increased flexibility and innovation:** A larger byte limit could allow for more creative and innovative uses of OP_RETURN, potentially expanding the functionality of the Bitcoin network.
**Arguments for keeping the byte limit low:**
* **Preventing spam and bloat:** Increasing the byte limit could lead to the blockchain being flooded with irrelevant data, making it slower and more expensive to use.
* **Maintain #network #stability and security:** A large amount of data could potentially disrupt the smooth operation of the Bitcoin network, jeopardizing its stability and security.
The current debate on the OP_RETURN byte limit reflects a fundamental tension within the Bitcoin community: the desire for greater #functionality and innovation versus the need for scalability and #security. Ultimately, the future of OP_RETURN will depend on the consensus reached by the community on how best to balance these #competing priorities.
#nostr #plebchain #art
https://m.primal.net/HSzN.jpg

2023-12-07 16:02:50

An #out-of-band transaction in Bitcoin refers to any payment made to a #miner that bypasses the standard #on-chain fee system. Think of it like sending a message outside the usual #communication channel.
Here's how it works:
**Normally:**
1. You want to transfer funds.
2. You initiate a #transaction and specify a fee.
3. Your transaction is broadcast to the network and enters the "mempool," a pool of #unconfirmed transactions.
4. Miners pick up transactions from the mempool and include them in blocks.
5. Miners are incentivized to choose transactions with higher fees, as that's their main source of income.
6. Your transaction is confirmed once the block it's included in gets added to the blockchain.
**Out of band:**
1. You want to transfer funds and are willing to pay extra for #faster confirmation.
2. You use a service called a "transaction accelerator" or directly contact a mining pool.
3. You pay an additional fee to the service or pool, outside of the standard fee system.
4. The service/pool prioritizes your transaction and communicates it directly to miners, bypassing the mempool.
5. Miners are incentivized to process your transaction quickly because of the extra fee.
6. Your transaction gets confirmed faster.
**Methods of achieving an out of band transaction:**
* **Transaction accelerator services:** These services act as intermediaries between you and miners. They take your transaction and fee, communicate with mining pools, and ensure your transaction gets prioritized.
* **Direct payments to mining pools:** This method involves contacting a mining pool directly and negotiating a fee for them to prioritize your transaction.
* **Lightning Network:** This is a second layer payment protocol built on top of Bitcoin that allows for faster and cheaper transactions. It uses payment channels to facilitate instant off-chain transactions between participants.
**Pros and cons of out of band transactions:**
**Pros:**
* **Faster transaction confirmations:** Out of band transactions bypass the mempool, leading to quicker confirmations, especially when the network is congested.
* **Increased control:** You have more control over your transaction and can ensure it gets confirmed quickly.
**Cons:**
* **Higher fees:** You need to pay an additional fee to the service/pool on top of the standard transaction fee.
* **Centralization:** Out-of-band transactions rely on #trusted third parties like services and pools, which can lead to #centralization and potential #censorship.
* **Security concerns:** Sharing your transaction details with a third party introduces security risks.
**Overall:**
Out of band transactions offer a way to speed up confirmation times in a congested network, but they come at the cost of higher fees and potential security and centralization concerns. Whether or not to use them depends on your individual needs and priorities.

2023-12-05 10:33:38

#note1f9w…8h7e
Very nice #plebchain

2023-12-04 00:05:33

Oops #40k #bitcoin
https://m.primal.net/HSPx.jpg

2023-12-02 05:47:51

Luke Dashjr, a prominent #Bitcoin developer, faced criticism for his decision to embed the King James Version of the #Bible into the Bitcoin blockchain using his mining pool, Eligius. While some praised the move as a creative use of #blockchain technology, others raised concerns about its potential impact on Bitcoin's #decentralization, privacy, and purpose.
**Concerns about decentralization:**
- The action centralized a significant portion of the Bitcoin blockchain's #storage space with a single entity, #Eligius. This raised concerns about the potential for Eligius to #exert undue #influence over the Bitcoin network.
- Embedding the Bible into the blockchain #increased the overall size of the blockchain, making it more difficult and resource-intensive to operate Bitcoin nodes. This could lead to further #centralization as only larger, more powerful entities could afford to run nodes.
**Concerns about privacy:**
- Embedding the #Bible into the blockchain made it permanently accessible to anyone with a Bitcoin node. This raised concerns that private information, such as individuals' religious beliefs, could be inadvertently exposed.
- The inclusion of the Bible in the blockchain could be seen as a form of religious indoctrination, potentially alienating users from diverse religious backgrounds.
**Concerns about purpose:**
- Bitcoin was originally designed as a peer-to-peer electronic cash system. Embedding the Bible into the blockchain deviated from this purpose and could potentially #distract from the core functionality of Bitcoin.
- The action could be seen as a personal expression of faith rather than a technical contribution to Bitcoin's development. Some argued that personal beliefs should not be imposed on the Bitcoin network.
In response to the criticism, Luke Dashjr defended his actions, stating that he was simply exercising his right to use the blockchain as he saw fit and that the Bible had historical and cultural significance. He also argued that the concerns about decentralization and privacy were overblown.
Despite Dashjr's defense, the #controversy surrounding his decision to embed the Bible into the blockchain highlighted the delicate balance between #individual #expression and the decentralized nature of the Bitcoin network. It also raised important questions about the purpose and governance of Bitcoin as it continues to evolve.
So individual expression then was okay, but today it's not? @`jack`you're a smart guy; you don't see through this clown's antics? wow #ocean #plebchain

2023-12-01 21:36:38

- reply

audio stenography?
https://m.primal.net/HRsl.jpg

2023-11-30 20:06:51

https://m.primal.net/HRjO.png
lq1qqg2le8gzvyjw67e2uc29eph4dy43eejz3emqy720hdny9vv5ya3vqj5ux3dupr4keyuj5pun3x647y2zhjx66rsjjl5mta6xv
someone zap me some #liquid #blockstream #coinos #plebchain I'll zap sats back.

2023-11-30 19:56:11

Another @npub1a2c…w83a monster ratio 🤣
https://x.com/burggrabenh/status/1730284401899024673?s=46&t=qMiYouc88s3C8pmIjF80lQ

2023-11-30 14:09:39

#gm #nostr #coffeechain #plebchain #art #poem #gfy
In the hush of dawn's embrace,
When slumber's hold begins to chase,
A brew of #magic finds its place,
#Awakening the soul with grace.
Oh, #coffee, elixir of the morn,
Your #rich aroma, freshly born,
Invigorates the senses, newly sworn,
To greet the day with wings adorned.
Each sip, a #symphony of zest,
Awakening the mind, putting it to the test,
With every drop, a #vibrant guest,
Inviting dreams to gently rest.
No longer bound by slumber's spell,
The world awakens, knowing well,
That coffee's touch, oh so swell,
Has bid adieu to slumber's farewell.
https://m.primal.net/HRhQ.jpg

2023-11-30 08:00:30

- reply

Fuck off Luke you’re a POS the community doesn’t need you. Too bad @npub1sg6…f63m doesn’t see this and keeps funding your projects