bitcoiner

and then miners will get used to false profits and when it dries up they will try to force change to bitcoin not because its better for bitcoin but because its better for their profits

2023-12-10 01:28:26 GMT

gmax on OP_RETURN
https://image.nostr.build/2f27498b3501ba195badf6ddf73540691d63563c47e9d0e572f5822eb0f6aab3.png
https://image.nostr.build/6f030dc7d958238fb057380ab2800503999dc74c38fd0fe0b60f048e0921e9b6.png
https://image.nostr.build/41337f958cdad16bae239fdd8b28d7502ca99b4f2585d1c87e959201e6466eed.png
https://image.nostr.build/88c02542a68e956f57e37c0dbd5cd29ae4df089dae2280bf04df12ff02c3b5d8.png

2023-12-09 15:19:49 GMT

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thats why its good to have many different mining pools, including lukes.
funny how this is the same thing nostr will have through to prevent relay centralization, we always need to have the choice in relays, same with mining pools.

2023-12-08 11:02:14 GMT

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great to finally get the real jimmy here instead of your regular syndicated copy pastes. keep it up!

2023-12-06 16:05:48 GMT

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people forget that bitcoiners only need miners to solve the double spending problem, without that problem miners wouldn't exist in the first place.
we pay miners either directly with fees or indirectly through inflation by block subsidy to fulfil that role.
if miners find other ways to increase profits thats fine for them but if it starts conflicting with solving the double spending problem, it becomes a problem.
when spending becomes too expensive - not because of market demand for spending - but because of miners choosing to direct resources to processing arbitrary data instead of financial transactions, it conflicts with solving the double spending problem.
there aren't many ways out of this problem but ocean is one way, i think they have long term staying power. ordinals or inscriptions come and go, we've all seen this before in the previous cycles.

2023-12-06 13:30:17 GMT

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these are not just profit seeking miners, they are willing to sacrifice some profit for the health of the network, the long term value of their bitcoin outweighs the short term gains of spam fees.

2023-12-06 11:41:46 GMT

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it is satoshi dice all over again

2023-09-30 14:36:34 GMT

TEST

2023-08-04 16:17:04 GMT

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not surprising that it is coming from #[0] hes been acting a bit strange lately, wanting to remove the 21m limit and spreading lies when #[1] got hacked

2023-08-04 16:10:18 GMT

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👍

2023-07-20 12:05:02 GMT

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They also become the validators for anything that happens on the sidechains. Bitcoiners have an ethos of running nodes themselves to validate. That same ethos won’t exist on the sidechains and people will just trust the miners to do it.
If you haven’t noticed, in Ethereum they even renamed the miners to validators.

2023-07-20 12:00:47 GMT

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did you happen to see him driving in a lambo after your hack? 🤣
sorry if too soon

2023-07-20 11:57:42 GMT

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wrong

2023-07-20 11:49:29 GMT

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I don’t like anything that changes the role of mining to anything other than providing Proof of Work. Their role is very simple now, provide valid Proof of Work, get paid.
Adding anything else to their job description distorts incentives and its unknown what the outcomes are on Bitcoin but its disastrous on Ethereum

2023-07-14 05:18:23 GMT

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Assuming it wouldn't end up in failure? Because we already have seen what happened, some did choose the big block route, the block size limit was bigger, but usage lower, so the answer in reality is close to 200 GB.
In a fantasy where we have a magic wand to remove all the bad side effects of that route, maybe between 750-1000GB?

2023-07-05 02:20:18 GMT

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unconfuse: The 10 minute blocktime can only exist because of the 2016 block difficulty adjustment, and the 2016 block difficulty adjustment depends on the time of 2016 blocks.

2023-07-02 11:38:36 GMT

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So you think the problem is cost? What if they just don’t want any scraping and keep the data for training their own language models?

2023-02-27 02:09:04 GMT

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- obfuscate arbitrary data in transactions

2023-02-24 12:21:57 GMT

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"under 1 BTC" means nothing if you don't account for bitcoins price. The 50, 25 and 12,5 BTC block rewards of the first epochs could buy a lot less than todays 6.25 BTC reward.
Unless you are assuming Bitcoin has already become a unit of account in the next few years its a bit speculative to assume 1 BTC will be worth less than 6,25 BTC now.

2023-02-17 18:25:57 GMT

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The problem can occur when clients treat the published list as the single source of truth
Client 1 has no contacts, saves profile and publishes empty list
Client 2 has 50 contacts, sees newer empty published contact list from client 1, wipes all.

2023-01-21 06:07:13 GMT

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Today I learned the 🫂 emoji is not a 🎥

2023-01-06 05:41:38 GMT

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Does anyone remember bitcoingem website? I think I lost about 18 btc to that scam 😢

2023-01-06 05:36:25 GMT

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Nothing and seperate buttons to open /copy/show. If space is limited for only QR then show the buttons after tapping the QR.

2023-01-05 11:57:49 GMT

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True 😀

2023-01-04 16:55:29 GMT

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Except that one guy

2023-01-04 11:02:49 GMT

What is the difference between yellow and blue check?

2023-01-04 03:50:12 GMT

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Apple wouldn’t allow a browser that comes with pornhub as a default tab. In a nostr client the default relays are the default browser tabs. I don’t think Apple would have a problem with users adding their own relays, just as you can visit any website you want.

2023-01-03 15:36:39 GMT

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There are many IRC clients in the app store, under social networking category. Not sure if trying to bypass as utility is the best idea here

2023-01-03 13:54:17 GMT

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Content comes from relays, so should ship with default moderated relay. other relays only manually enabled by user. Its not a desirably solution and I hope you can find a better way.

2023-01-03 12:57:51 GMT

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👍

2023-01-03 06:03:54 GMT

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That probably includes mobile (iPhone)

2023-01-02 08:18:06 GMT

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Should there be relay 2 relay connections? Or will this hurt decentralization? Or maybe its inevitable

2023-01-01 08:59:59 GMT

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There can be many interesting solutions. To prevent closing out people we could have OrangeChecks vouching for others, to onboard trusted friends. With referral codes to give OrangeChecks for free during “sign up”. You’d tell your friend, please don’t spam or I lose my security deposit and/or ruin my reputation.

2023-01-01 02:43:39 GMT

Happy new year all

2022-12-31 18:52:57 GMT

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When NIP-OrangeCheck?

2022-12-31 04:59:00 GMT

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True! They did both personal multisig and multi person mutlisig well

2022-12-30 15:07:27 GMT

What’s this membercashlink thing I keep seeing?

2022-12-30 05:49:32 GMT

Incredible how fast damus app is improving

2022-12-28 04:44:34 GMT

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That won’t stop spam unfortunately, we need lightning security deposits aka orange checks

2022-12-27 11:46:45 GMT

Is there a NIP for implementing the orange check on nostr? for when the spam and bots find their way here

2022-12-26 16:32:27 GMT

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Testing #[4]

2022-12-26 16:26:52 GMT

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npub13l3lyslfzyscrqg8saw4r09y70702s6r025hz52sajqrvdvf88zskh8xc2

2022-12-26 16:25:54 GMT

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@tuur is here

2022-12-26 16:05:38 GMT

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First get TestFlight, then Damus

2022-12-26 16:04:21 GMT

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Needs some UI corrections but that is expected, works great indeed! :D

2022-12-25 03:51:55 GMT

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👍 Go to someones profile, then you can find most bitcoiners in their following list and easily follow from that list

2022-12-24 03:52:34 GMT

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Merry Christmas!

2022-12-20 11:11:33 GMT

Test
lnbc9u1p36r9lspp5xkcsqmcf9rg40hp52dktkkj9rwdyjfer2g79armu24y5a4fwvd3qdq0g3sk6atnyp6xjuqcqzpgxqyz5vqsp5klenu26lt553z9x024u07j4lcvydtyllvkpf3hrnja36swg3l6as9qyyssqcyqych7z906p4cfy0ggkxkdjtgnxq428mjjv4pu5fs26898a034ydwtu79x4j0r9fkk5fh4lpp8eh2ux66dqr8m9qa8lyuu7nx9s4tgpmkns4w

2022-12-20 09:18:53 GMT

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Yes assume compromised, you can create new keys when things get more robust

2022-12-18 19:10:26 GMT

The acid test for any two competing socioeconomic systems is which side needs to build a wall to keep people from escaping? That’s the bad one!

2022-12-17 17:49:03 GMT

here we go