Meanwhile, only ~€1.2 billion in criminal funds are confiscated each year. (...) They're willing to spend 100x more than what they benefit from implementing KYC.
That is very shallow analysis and poor reasoning. For better reasoning make a counterfactual analysis.
What happens in the case of not doing an intervention? Perhaps not doing an intervention increases criminal liquidity flow 1000x and it's still net positive to make an intervention?
Jimmy seriously suggests in the ep. that people who take debt are "stealing from savers" because most debt is issued as newly printed money that dilutes fiat holders.
This is like arguing that people who buy oil for their cars are responsible for drone bombing children in the middle east.
How this man is so well respected in the space continues to amaze me.
Was it difficult to raise money for a startup based in Canada? Did you consider moving to the US/Europe to build, or did you find that the bitcoin ecosystem doesn't care about location?
Yea the chief issue is inadequate LN adoption like ekzyis said. It's not enough. On the other hand, you need an event like this to incentivize LN development.
For me personally this was a short-term pain in the ass — since I hadn't been following in a week and showed up innocently expecting to make an L1 move today that I've changed my mind about 👀 — but that's not a big deal.
I did go on YouTube to see videos from the dozens of crypto scammers fueling this. Probability of this ending in blood, tears, and fire 🔥 for them ... 99%.
I planned to create a larger blog post about this in the future but i'll share it here and maybe we can crowdsource things.
The purpose of this is to have a information to both bootstrap a community from zero and have a local(and distributed) copy of critical knowledge and tools available for any kind of emergency.
My idea was to first collect a list of things that need covering and start collecting the material, then package it in torrents, publish things on nostr, maybe even create a doomsday llm/search that would guide you through the content down the road.
I've quickly created a repo to share some of the links I've collected to make the list public. I'm only linking to the content so please download the actual files. The list can be found in this repository
this cunt that came up with this CO2 bs took a step back and thought about how he can gain power and influence. He figured every living being produces CO2 so that was going to be his angle. Then he figured humans most humans when asked pretend to care about the environment, and maybe they do, so he started acting like CO2 harms the environment. He started saying this over and over and eventually enough people believed it.
What he said next was that in order to prevent this, he should get money and power. But in order to not look like a total fraud he had to deliver something. And he figured Wind mills and Solar panels would pass for a solution. And thats why the world is littered with these kinds of monuments now. Because thats all they are. Monuments. They are not economically viable. They require capital and resources from other parts of the economy to be diverted to them, with force none the less, otherwise they couldnt exist. So they are our modern monuments. Built by slaves, but in a way, and under such pretenses, that people cant seem to figure it out. End of story.
Interesting, here is their "One Sentence" summary:
A network state is a highly aligned online community with a capacity for collective action that crowdfunds territory around the world and eventually gains diplomatic recognition from pre-existing states.
You're assuming Bitcoin nodes have intelligence that they don't. They don't "think". They're computer programs that follow rules. Pre-segwit rules allow those outputs to be spent by anyone; post-segwit rules don't.
As for wallets, they would never create such scripts so they'd never show those scripts as part of their balance.
Question #6: Are there any specific segments of the Bitcoin industry that dsserve more attention/focus yet are under-appreciated or under-funded today?
Pro tip: reverse osmosis is more practical at getting the equivalent of distilled water. In either case, you might find that drinking either type of water will not make you feel "quenched". This is because of lack of minerals and it might lead to all kinds of health problems. If you are going to drink deionized water, you night consider buying unsweetened cherry juice, just a splash in your glass. This will raise the pH to a level that your pallette finds more satisfying. RO water is excellent in your coffee maker or tea pot because it will never cause calcium scaling. However, you cannot use it in beer making because the yeasts require the minerals that naturally occur in spring water (or so I hear).
I work on core. This is meant as an amusing way to point out an issue and why it's very important to support truly free & open source UI's instead of just the protocol stuff. If the only way that non-technical people can use bitcoin is through corporate API's because we didn't value building out these non-corporate UI's, we didn't do anything good here. Support projects like sparrow, and the bitcoin core gui https://bitcoincore.app :)
I know many people who were transformed (for the better) by him. I'd caution against throwing out the good he's done because of some of the bad.
People aren't perfect, including our heroes. If you feel a need to polarize yourself for or against someone for merely being fallible, you'll quickly wind up alone like most people on this Earth. Be forgiving, don't forget, and act accordingly.
That said, I've also found JBP less enjoyable to listen to since he became famous. It could be because he's become repetitive or because some of it's gone to his head. I don't know what exactly, but I don't dismiss everything he says or stands for as a result.
I am a lawyer. Different jurisdictions have different rules, and often courts do not allow rights to damages to be contracted away. Also, under common law tradition, a written document is typically strictly construed against the drafter of the document. So, in other words, if it's a close call, the party who created the document loses. Of course I'm speaking in generalities.I have no knowledge of this specific case, and I'm a U.S. lawyer. So, take what I say with giant spoonfuls of salt.
For single sig, is it best practice to keep your backup seed and hardware device together in a home safe? With the seed, once an attacker has physical access it's game over. If it was only a hardware device, then maybe they would have more trouble getting the actual private keys, but then where would you put your seed?
I remember when they made this meme in the beginning But below it said... "I think we lost the country" 🤣😂 Bukele has surpassed all the presidents like a train 🚄
After a while it felt like I was smoking my sats away, and daily smokers get used to the high pretty easily. Imagine putting your sats on a bitcoin layer called cannabis......it makes you feel good for an hour and then burns your sats, and every time you use it, it takes more sats to get the same effect. Its like rug pulling yourself for a few kicks.
Is anyone aware of advanced discussions or proposals on paying for tx routing/relaying as a way of directly incentivizing node running?
I realize that this is very nontrivial which is why I think it's interesting to think about. We pay miners because they are doing a lot of provably hard work, but is it possible to trust minimally pay for less provable or less hard work?
The story of Satoshi Nakamoto and the creation of Bitcoin is legitimately up there in terms of unbelievable but true
Lightning login works great. I signed up with Breez wallet no problem. Tried to create an event but when I hit submit nothing happened.
That is very shallow analysis and poor reasoning. For better reasoning make a counterfactual analysis.
What happens in the case of not doing an intervention? Perhaps not doing an intervention increases criminal liquidity flow 1000x and it's still net positive to make an intervention?
I've always thought building native iOS apps only was foolish for this reason. You're completely locked in to their platform.
This is why we built Mutiny as a PWA.
Jimmy seriously suggests in the ep. that people who take debt are "stealing from savers" because most debt is issued as newly printed money that dilutes fiat holders.
This is like arguing that people who buy oil for their cars are responsible for drone bombing children in the middle east.
How this man is so well respected in the space continues to amaze me.
So we'll see cars taking 5 minutes to overtake each other like the semi's do 😂😂
Imagine passing so slowly that you gingerly look right and make eye contact!!
LOOK AHEAD AHEAD!!!!
Day 162 of snailposting everyday 'til BTC hits $100k.
__@_'-'
Was it difficult to raise money for a startup based in Canada? Did you consider moving to the US/Europe to build, or did you find that the bitcoin ecosystem doesn't care about location?
Also... wen 🤖?
I think just showing links to nostr posts as embeds like twitter or youtube would be enough "integration" from SN side.
I think what SN is really missing is a public (authenticated) API.
Then stuff like this can be built on top of it instead of messing with the code of SN like this:
nostr is cool but I don't think it's a good idea to entangle different applications.
With a public API, one should be able to write a bot and send every post or comment on SN automatically to a nostr relay.
Yea the chief issue is inadequate LN adoption like ekzyis said. It's not enough. On the other hand, you need an event like this to incentivize LN development.
For me personally this was a short-term pain in the ass — since I hadn't been following in a week and showed up innocently expecting to make an L1 move today that I've changed my mind about 👀 — but that's not a big deal.
I did go on YouTube to see videos from the dozens of crypto scammers fueling this. Probability of this ending in blood, tears, and fire 🔥 for them ... 99%.
I planned to create a larger blog post about this in the future but i'll share it here and maybe we can crowdsource things.
The purpose of this is to have a information to both bootstrap a community from zero and have a local(and distributed) copy of critical knowledge and tools available for any kind of emergency.
My idea was to first collect a list of things that need covering and start collecting the material, then package it in torrents, publish things on nostr, maybe even create a doomsday llm/search that would guide you through the content down the road.
I've quickly created a repo to share some of the links I've collected to make the list public. I'm only linking to the content so please download the actual files. The list can be found in this repository
there is also https://github.com/aljazceru/world-backup/blob/main/IDEAS.md where i'm throwing in ideas on things that i'd like to have a copy of.
this cunt that came up with this CO2 bs took a step back and thought about how he can gain power and influence. He figured every living being produces CO2 so that was going to be his angle. Then he figured humans most humans when asked pretend to care about the environment, and maybe they do, so he started acting like CO2 harms the environment. He started saying this over and over and eventually enough people believed it.
What he said next was that in order to prevent this, he should get money and power. But in order to not look like a total fraud he had to deliver something. And he figured Wind mills and Solar panels would pass for a solution. And thats why the world is littered with these kinds of monuments now. Because thats all they are. Monuments. They are not economically viable. They require capital and resources from other parts of the economy to be diverted to them, with force none the less, otherwise they couldnt exist. So they are our modern monuments. Built by slaves, but in a way, and under such pretenses, that people cant seem to figure it out. End of story.
Interesting, here is their "One Sentence" summary:
Saw that! Just connected with him online to lock in a time
Appreciate the help man, keep 'em coming!
Day 342 of snailposting everyday 'til BTC hits $100k.
__@_'-'
Feeling excited to be part of the SN community :)
Day 365 of snailposting everyday 'til BTC hits $100k.
__@_'-'
Update from David Bailey:
https://nostr.build/i/931a242f17b8462ce81a31540d356688c62f91ff822c33d68fff75bb4b3e80a8.jpg
You're assuming Bitcoin nodes have intelligence that they don't. They don't "think". They're computer programs that follow rules. Pre-segwit rules allow those outputs to be spent by anyone; post-segwit rules don't.
As for wallets, they would never create such scripts so they'd never show those scripts as part of their balance.
https://m.stacker.news/4225
a big brim idea
Well I found my way back. Feels good. I gotta get warmed up first : https://stacker.news/items/417342
Question #6: Are there any specific segments of the Bitcoin industry that dsserve more attention/focus yet are under-appreciated or under-funded today?
Old men in power
Clashing in pointless debate
Fresh voices unheard
"I'd like to see if you'd meet up at ETH Buenos Aires so we can talk about a partnership between WorldCoin and Bitcoin."
OK that's my mic drop. Swear on my mother's life these words were spoken. As we were leaving the bar heading outside. It was the cherry on the sundae.
Howdy Partners! Just enjoying the vibe and material here. Another day another cowboy hat record and sat stacking record. Living the dream!
I already am. Only my body is mortal, and even its demise is temporary.
Wrote a post about Peach Bitcoin for the 21 community.
Went two years in a row and it sucked both times. Won't be going anymore. Tab conf and bitcoin++ are the only conferences I'll be going to now
Pro tip: reverse osmosis is more practical at getting the equivalent of distilled water. In either case, you might find that drinking either type of water will not make you feel "quenched". This is because of lack of minerals and it might lead to all kinds of health problems. If you are going to drink deionized water, you night consider buying unsweetened cherry juice, just a splash in your glass. This will raise the pH to a level that your pallette finds more satisfying.
RO water is excellent in your coffee maker or tea pot because it will never cause calcium scaling. However, you cannot use it in beer making because the yeasts require the minerals that naturally occur in spring water (or so I hear).
I work on core. This is meant as an amusing way to point out an issue and why it's very important to support truly free & open source UI's instead of just the protocol stuff. If the only way that non-technical people can use bitcoin is through corporate API's because we didn't value building out these non-corporate UI's, we didn't do anything good here. Support projects like sparrow, and the bitcoin core gui https://bitcoincore.app :)
I know many people who were transformed (for the better) by him. I'd caution against throwing out the good he's done because of some of the bad.
People aren't perfect, including our heroes. If you feel a need to polarize yourself for or against someone for merely being fallible, you'll quickly wind up alone like most people on this Earth. Be forgiving, don't forget, and act accordingly.
That said, I've also found JBP less enjoyable to listen to since he became famous. It could be because he's become repetitive or because some of it's gone to his head. I don't know what exactly, but I don't dismiss everything he says or stands for as a result.
There are far worse people to look up to.
I am a lawyer. Different jurisdictions have different rules, and often courts do not allow rights to damages to be contracted away. Also, under common law tradition, a written document is typically strictly construed against the drafter of the document. So, in other words, if it's a close call, the party who created the document loses. Of course I'm speaking in generalities.I have no knowledge of this specific case, and I'm a U.S. lawyer. So, take what I say with giant spoonfuls of salt.
For single sig, is it best practice to keep your backup seed and hardware device together in a home safe? With the seed, once an attacker has physical access it's game over. If it was only a hardware device, then maybe they would have more trouble getting the actual private keys, but then where would you put your seed?
I remember when they made this meme in the beginning But below it said... "I think we lost the country"
🤣😂
Bukele has surpassed all the presidents like a train 🚄
Link to the potential node which was shared by another SN user a couple days ago
https://stacker.news/items/194339
https://m.stacker.news/5356
After a while it felt like I was smoking my sats away, and daily smokers get used to the high pretty easily. Imagine putting your sats on a bitcoin layer called cannabis......it makes you feel good for an hour and then burns your sats, and every time you use it, it takes more sats to get the same effect. Its like rug pulling yourself for a few kicks.
Day 119 of snailposting everyday 'til BTC hits $100k.
__@_'-'
Day 12 of snailposting everyday 'til BTC hits $100k.
__@_'-'
Is anyone aware of advanced discussions or proposals on paying for tx routing/relaying as a way of directly incentivizing node running?
I realize that this is very nontrivial which is why I think it's interesting to think about. We pay miners because they are doing a lot of provably hard work, but is it possible to trust minimally pay for less provable or less hard work?
🤯