arceris
Arceris

Thanks for the read, @npub1h8n…rpev!
https://fountain.fm/episode/hhXoxAgKnnaTMZnFcHoi
https://bitcoinmagazine.com/legal/nra-cantero-cases-implications-for-operation-choke-point-2-0-and-custodia-bank

2024-05-31 18:23:30

📜 "NRA & Cantero In The Supreme Court: Implications for Operation Choke Point 2.0 and Custodia Bank"
Recent SCOTUS decisions will have major impacts on Bitcoin!
A bit on the *other* court decisions yesterday…
https://bitcoinmagazine.com/legal/nra-cantero-cases-implications-for-operation-choke-point-2-0-and-custodia-bank

2024-04-27 19:57:51

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Thank you for linking the full document. For some reason almost no one bothers to do this.

2024-04-12 03:34:31

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You’re making me want to have a reason to travel there 🤣😋

2024-04-10 03:12:00

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That’s a $1625 per bottle shot price. It’s a bit steep, but not super out of line (based on bottle price).
We normally priced to pay for the bottle by 25%, so it’s a bit of a discount off that. Though for the super premium stuff like this I’d normally price more aggressively, so I’d probably have priced it more at 50% ($48/oz).

2024-03-27 00:38:24

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👀 @npub1qny…95gx @npub1jdg…2mys @npub1vwy…zugd @npub1ejv…6q8x

2024-03-26 00:51:21

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lol, I figured it was something like that.

2024-03-26 00:42:40

One of these days @npub1vwy…zugd will read the backlog of DMs I’ve been sending him 🤣

2024-03-26 00:35:24

This summer, Wyoming is getting a decentralized conference thanks to @npub1yd2…80tv
Bitcoin, Freedom Tech, Health Optimization, Regenerative Ag, & More
https://sovereignroundup.com/wyoming-sovereign-round-up

2024-03-25 19:19:22

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I moved away from NC years ago, but love the energy I see there!

2024-03-18 23:02:20

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You joke, but this is definitely going to be a big deal. How do you prove you *don’t* have hidden KYC-free Bitcoin, once the allegation is made? Especially if you don’t?

2024-03-17 20:28:18

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GM! Welcome home.

2024-03-15 15:37:07

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Nothing to worry about! Brutus got taken out yesterday.
(Oh crap, there’s no real wood anywhere near me…)

2024-03-15 03:47:56

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@npub1vwy…zugd talks about small businesses that take bitcoin on his podcast, “Bitcoin and . . .”
Circle P is for Pleb, and “Something is afoot at the circle k.”
🤣

2024-03-13 17:50:13

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I mean, the capital gains tax on sales, where at least some of the appreciation is due to inflation. They’re literally taxing you on their tax.

2024-03-13 17:23:02

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Isn’t that basically how inflation already works?

2024-03-12 14:12:11

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It’s worse than that. They could construct a hedged short. Sell the GBTC, then buy the other ETFs (or raw BTC). Then they’re market neutral but still putting pressure on GBTC. Can go much bigger on that?

2024-03-12 02:41:47

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Saw @npub1fj9…230n mention him along with @beisnerds & several other good options

2024-03-12 02:38:17

Hey @npub1vwy…zugd, @npub1jz5…vd4d is another CircleP candidate.
And check your DMs!

2024-03-05 18:56:55

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Looks like the stream didn’t quite take?

2024-02-21 17:12:41

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I believe you are fundamentally correct, though one could say you may have to interact with CTV collaborative custody eventually as someone paying you may use a traffic control TX to pay you. But that’s still different than using CTV. Once the payment is settled in *your* UTXO, there’s no CTV aspect remaining.

2024-02-17 21:08:07

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Hopefully we’ll hear soon if anyone decides to use it!

2023-12-12 03:50:07

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I drive through the big WY wind farms regularly. Most don’t move, even when winds are strong. It’s pathetic.

2023-12-09 17:57:37

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Link doesn’t load for me on my phone. Will have to check with a proper computer later.
But love @npub1qtv…7dze & what they’re doing.

2023-11-21 21:20:11

Hey @npub1sg6…f63m, you know what would be a nice UX boost for CashApp? A countdown timer on the limits so you know when some capacity will open up.
Just want to move sats to cold storage expeditiously.
(Alternatively, get rid of the limits, but I’m guessing that’s not in the cards 🤣)

2023-11-13 17:10:54

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Can they pull things like the IMEI from the phone os, without permission?

2023-11-12 20:00:40

This… this is a great point. #note1zaz…vwmc

2023-09-30 20:33:18

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My wife somehow got through security with a full size box cutter. Didn’t realize it until she was home.

2023-09-13 18:45:40

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Thanks! I should have tried harder to find.

2023-09-13 18:36:19

Being reported on X, but not seeing the analysis here yet. Looks like PayPal may be the fat finger from a few days ago. https://image.nostr.build/1e96255de98c7727640596575548fafac6204d3cd20dc282b1592893c60d1ebf.jpg

2023-09-01 17:34:44

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Waiting for @npub1h8n…rpev treatment 🤣

2023-08-14 17:17:07

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Yes, less hand wavy, and it comports with what I thought you were saying. Thanks.
But I’m not sure it overcomes my point. In 5 halvings (~2040), the subsidy is ~19M sats. Holding the fee at 25M sats, that fully covers the current security budget at a PPP of $450k/₿ in today’s dollars.
In 10 halvings (~2064), the subsidy will be 610k sats/block. A few of 25M sats/block would need to have a PPP of ~$761k/₿ in today’s dollars for the same budget as today.
At the limit (0 subsidy, in 2141), the same budget is maintained (for a fee of 25M sats/block) at a PPP of $780k/₿.
That seems a rather bearish PPP price point for 2040, 2064, and 2141.
If the PPP rises faster than this (which pretty much everyone in Bitcoin believes), then the security budget increases relative to today. Also, if total block fees go up, the security budget increases. Of course, missing these to the downside means the budget goes down, relative.
Drivechains are argued to increase the net block fee, but they’re not the only thing which can do that. And many argue that they do it in a potentially negative manner. Other techniques will also increase the net fee (or reduce the per-effective-tx fee, such as LN channels). As adoption increases, that will also bid up the fee, but PPP increases should act to push it down. So I feel 0.25₿ (25M sats/block) is pretty reasonable, long term.
So, I’m not yet convinced that the security mode is as fragile as you are suggesting.

2023-08-14 14:52:41

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You handwave through your main point. Why isn’t the security model viable?
Fee revenue can stay constant in Bitcoin terms (~25M sats/block) and totally pay for the security of the system. Today that means a reward of ~6.5 Bitcoin/block. In 5 halvings, that means ~44M sats/block.
So all Bitcoin has to do to meet today’s security budget is hit the purchasing power equivalent of ~$450k today… by 2040.
I somehow think it’ll do far better than that.

2023-08-14 00:06:49

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I just zapped you from Damus! Took a bit to reconnect my LN though.

2023-08-12 16:24:09

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No.

2023-07-24 22:27:14

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https://cdn.nostr.build/i/c8bd7fbec638f74a6295a70e274fd7784d03e93af57a156c5e8a11bcea15d063.jpg

2023-07-18 16:50:11

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Sorry, mine are all cold. I can pop one in the microwave for you though.

2023-07-13 00:40:15

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Yay! @npub1mye…7464 is great! I actually think I might need to order more soon…

2023-07-12 03:41:26

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They’re awesome!

2023-07-09 06:00:46

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That does not look RoHS compliant… 🤣

2023-07-06 02:54:17

@npub1cn4…3vle you need to claim your show on Fountain so we can boost you!
https://fountain.fm/show/YQaBnDSYWpg8fTVRqmev

2023-06-13 23:11:09

Can’t have the peasants stage a successful revolt… #note1ts0…kr22

2023-05-26 20:06:03

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Odd, not sure what’s up. Looks to be working on my end.

2023-05-26 04:10:55

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I’m getting up to speed on it. Not sure what to think yet. At present, it looks like Steve is using the patent to protect people (upstream customers) being sued by Cursoe under a patent they filed. But definitely a situation that merits watching. Defensive patenting is a legitimate strategy, and for now, that seems to be Upstream’s play against Crusoe.
Full disclosure: Distributed Hash & CryptoCloaks filed a joint patent on using shrouds in a large scale (not home) mining environment. For the same reason, so that someone can’t try to patent it and block us and try to cover home use too. (Home use is disclosed as a prior art use in our application)
I fully expect to be held to account if we misuse it.

2023-05-23 20:46:37

#[0]
Ace-er-iss or arse-er-iss.
Whatever works for you 🤷‍♂️
It was a throwback to my online gaming days, and was intentionally designed as kinda hard to say.
Glad you liked the poem/limerick though!

2023-05-10 18:42:41

Hey #[0], I know you love poison bean juice, and you love to support LN enabled companies. Have you tried #[1]? Great poison beans ☕️, LN payments, direct from El Salvador 🇸🇻.
#[2], zap him!

2023-05-08 00:28:09

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That looks strongly like a fat-finger, so not the best example. But you are correct, there are examples where an organic fee market caused this:
https://mempool.space/block/000000000000000000131d1df9ba77969ffef2f003a6d42d16765541e808d1df

2023-05-05 16:08:18

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The Cardinal.

2023-04-06 22:29:08

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Reply 🤣. Could be cool.

2023-04-06 07:54:33

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Actually, I’d say that pursuing Apple would be a horrible idea, since they have the power to totally crush him. But yeah, he can ignore it and eventually be unable to sue them due to the statute of limitations passing. (Ongoing infringement could be actionable, or blocked by latches, depending on tons of things). But that’s only with respect to Apple. It doesn’t stop him from trying to go after others.
Also, I’m not so familiar with UK law, so unsure of what will be the impact in that country.

2023-04-06 03:01:57

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This is not the case for copyright, at least in the US. You do lose patent, trademark, and trade secret, for failing to defend, but not copyright. One loses the right to collect damages against parties who infringe too long, but not new parties. (Except if there’s a case that could rise to the level of creating a latches defense, but that’s different than losing the right, and is pretty unique).
That said, CSW is fraudulently claiming copyright, so it’s a moot point with regard to him.

2023-04-06 00:53:19

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I have access to some machines still running 10.13.6, and it doesn’t seem to be present on that version. Anyone able to check 10.14?
https://nostr.build/i/nostr.build_6c23206849f9685d8f849c1ac06b9d4e07c855a97e4089a9ac58dfe77e0d8008.png

2023-04-01 01:29:37

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https://nostr.build/i/nostr.build_a4d2deb30c33c859ca75200caaad6b216014d8dde45723897a25c8546f5d97fb.jpg

2023-04-01 01:28:20

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Wait, wait… what’s an anti-griddle for then? 🤣

2023-03-31 21:31:13

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1.5x? Those are some rookie numbers.
https://nostr.build/i/nostr.build_38dd5836c759cd1031f5036b6b7216002060ef409538bb40bfc215ca5be0c7dc.jpg

2023-03-31 07:30:18

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I think it will be, once Dusty’s splicing gets fully implemented. Not sure if it’s possible now.

2023-03-17 21:31:54

Signature Bank didn’t hang itself.

2023-03-07 17:58:09

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If DST is peak fiat… the fact that pretty much everyone wants to get rid of it, but can’t agree on how to actually do it, is like staning on the peak with a selfie stick.

2023-02-27 17:10:10

Inscriptions Update:
199209 (as of block 778,528):
Paid 57.46₿ in fees
Used ~3.3GB
In 3898 blocks (~879.3kB/block)
With an average fee of 28,842丰
(10.9丰/vB & 75% < 15.0丰/vB)
The average size was 17.2kB, (75% < 14.8kB)

2023-02-22 04:21:17

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Yeah, you have to adjust it in settings. I think #[4] should give you an option to set a custom amount, maybe with a long press.

2023-02-21 18:48:05

Inscriptions Update:
158110 (as of block 777,672):
Paid 51.24₿ in fees
Used ~2.8GB
In 3053 blocks (~946.6kB/block)
With an average fee of 32,407丰
(11.5丰/vB & 75% < 15.0丰/vB)
The average size was 18.3kB, (75% < 15.9kB)

2023-02-16 21:39:41

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I think so.
Part of the free-market reaching the equilibrium state is ensuring that all information is out there, so I’m doing my part by putting what I see out there 🤣
That’s why I said “ASIC operators should hold their pools accountable”
I could be wrong, of course, and many ASIC operators might totally not care about this.
Personally, unless there’s something extreme, I don’t think I’d support a consensus change that forces an equilibrium state. To me, the downside risk there is bigger. If you take the position that these are “unintended consequences,” what’s to say that a new change to fix this consequence doesn’t cause more issues.

2023-02-16 20:21:05

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Yes. It’s not “zero-fee” in that they’re not paying anything, but the fee is out-of-band (ie: not included in the TX).
It’s anti-social, and unnecessary, though it’s not a consensus issue. There’s no reason the fee *couldn’t* be encoded into the TX itself, even for a directly mined TX. If the fee is in the TX, then the direct-miner is still guaranteed to receive 100% of it.
Only reason to hide the fee is to intentionally obscure what is being paid, which is why I take issue with it. On a few small TX, it’s not a big deal, but if it becomes common, especially with big TX, then I believe it starts to negatively impact the fee market, and negatively affects ASIC operators.
To be clear, I have no issue with direct-mining of TX. Plenty of reasons for that. But put the fee in-band.
ASIC operators should hold their pools accountable for taking these TX, by moving pools.

2023-02-16 19:28:35

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Yeah. I don’t like the 0-fee mining of super-heavy inscriptions part, as I feel that fucks with the fee market, but that’s not super widespread (yet). Overall, I think it’s a shiny object that will flash, and then subside to something that ends up being used only when economically relevant.
My point for doing these updates is I also feel that people arguing (either pro or con) without data are just shouting in the wind.

2023-02-16 19:22:05

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Derp. Nevermind, just realized that snort.social can do it.

2023-02-16 19:21:19

Inscriptions Update:
123568 (as of block 776,880):
Paid 40.87₿ in fees
Used ~2.0GB
In 2290 blocks (~929.8kB/block)
With an average fee of 33,077丰
(12.2丰/vB & 75% < 16.0丰/vB)
The average size was 17.2kB, (75% < 14.0kB)
The speed these are being added is continuing to increase.

2023-02-16 19:18:29

Is there a service like Nitter for Nostr yet, where you can generate a direct (and non-logged in) web-link to a Nostr note?

2023-02-16 18:06:04

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You can set up your own private/personal Nostr relay on it, though it only works with clients that connect over TOR.

2023-02-16 15:04:25

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Wyoming is the place to be! DM me if you want to be added to the Wyoming Bitcoiners chat. We just met up in Thermopolis, and are planning another statewide meetup for May.

2023-02-15 19:31:40

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O for a voice like thunder, and a tongue to drown the throat of war!

2023-02-14 23:46:54

I love this fedipool idea:
https://tftc.io/martys-bent/issue-1318-fedipools-as-a-potential-solution-to-centralization-risk/?ref=martys-bent-newsletter&attribution_id=63ebe839c46736003d06f2c2&attribution_type=post

2023-02-14 18:23:55

Inscriptions Update:
89364 (as of block 776,535):
Paid 28.48₿ in fees
Used ~1.7GB
In 1950 blocks (~897.0kB/block)
With an average fee of 31,870丰
(10.9丰/vB & 75% < 15.0丰/vB)
The average size was 19.6kB, (75% < 19.2kB)

2023-01-31 06:08:30

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Soma.

2023-01-25 23:04:49

Ok, thoughts on using Rana to make a vanity pub key. Better to do this now, wait until things like NIP26 are around, or not bother?

2023-01-24 21:21:17

After the LastPass hack, I started thinking about how we could "fix" passwords. Of course, using something like signing with a key is optimal.
But most sites currently aren't set up for that, & just want vanilla passwords. Password management software seems like a good idea…
But *LastPass*.
As Bitcoiners, I think there's a better way.
Enter BIP-85. This can be used to create sub-wallets, but it can also be used to generate arbitrary deterministic passwords too.
Why not extend BIP-85 to make vanilla passwords?
So I started collecting my (probably naïve) thoughts here:
https://github.com/crc32/BIP-85A

2023-01-06 16:51:11

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Nostr is definitely much cleaner & higher signal right now…

2023-01-04 16:47:37

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At the end of January it goes to $11. Inflation!

2022-12-31 01:18:17

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Awesome, will snag as soon as Fountain.fm finds it. Looking forward to it!

2022-12-17 20:07:41

Is there a quick way to take a Damus key (in what looks like bech32 encoding) and convert to Hex? @jb55