I just had a little discussion with @DarthCoin about this here: https://stacker.news/items/180849
Transcript:
@DarthCoin: You should not post to get sats, you should post to learn/discuss or teach others (especially shitcoiners) how bitcoin works.
@ekzyis: I think they will learn over time. They can post only thinking about "earning sats" but these posts will probably not earn them sats.
@brxyz: This. The incentive structure built into SN by and large deters shitposting and "sat farming". You very quickly learn that valuable content and contributions are what will stack sats. It's a win-win. Shit, just look at Darth's stack.
@DarthCoin: Sorry man, but that is proof of work.
I didn't came on SN with the only purpose of "earning sats".
As you can see I also spend quite a lot. But not throwing with large amount of sats around. Hard work and NATURAL work (not shity bots) should be rewarded and promoted.
And mostly because I am one of the oldest SN user. Why? Because I (still) have faith in SN.
@brxyz: That's what I'm saying, though. You come on here to create and share valuable content, and you're rightfully rewarded for that. Others may come here with the less altruistic intent to just stack sats, but they'll quickly realize that to do so they too will need to provide value.
It's like a lane closure on a two lane road. Here on SN, the lane for spamming, shitposting, and karma farming is closed so everyone is forced into the V4V lane.
@ekzyis: Yeah, this so much.
@DarthCoin, doesn't bitcoin mining work the same way? Miners don't care about providing value, they just want to "earn sats". But the incentives are such that they do indeed provide value (by enabling the bitcoin network). The game theory of bitcoin itself is built on human greed and turns that human greed into something that provides value.
I would say the same about SN.
@DarthCoin: Greed will never create value. Will create only more greed and suffering.
Miners (or at least not all) are not mining for profit.
Most of them are mining to SECURE the network.
You create value with your knowledge, with your experience, with your expertise in a field you control it well, with you helping others.
Not with greed.
@ekzyis:Most of them are mining to SECURE the network.No they are not. Or do you really think most of them would keep mining without the subsidy and transaction fees?
@DarthCoin: I do. Stop me if you can.
@ekzyis: Huh, that's interesting. For me, that's pretty fundamental about bitcoin but you disagreeing with that is really surprising. I'll create a post about that so more people can join the discussion.
What does the rest of SN think about this?
Block
I specialize in middle distance (400m/800m). In high school I was our team captain, and we won the 5A state championship 3 years in a row. Individually I was 5th in state for the 800m and set a couple school and state records on various relay teams. I ran in college for Penn for a couple of years, but ultimately quite because I just wasn't it at the time. After college, I returned to my old high school and coached the middle distance for 7 years. During that time, I absorbed everything in sight regarding various training philosophies and tactics and coached multiple athletes to and relay teams to state championships of their own.
Today I continue to run half marathons, since the shorter stuff is just too hard on the body once you get over 30 haha. My best half so far is 1:17:58, so about 5:58 per mile.
i'm a strong supporter of using deployed instead of locked when describing bitcoin used as liquidity in lightning network as we're essentially deploying capacity not locking in value
as for the wording on this, I don't have a great replacement for deployed here - as you pointed out it kinda works, its just not the most factually correct necessarily, but maybe thats already in the nitpicking territory.
Tbh probably the thing that bothered me with the list is mixing market places (LN+, Magma, pool, liq. ads) and liquidity providers (ZFR) tho I guess one could say ZFR is also a marketplace to some extent, with only one participant.
Generally when we speak about markets we talk about volumes, tho in this case I guess the closest comparison would be cash markets for commodities as we have delivery, or in this case more deployment of purchased commodity (liquidity).
Before this gets too long - I don't have a clear answer, more of a tendency for this entire space to start naming things with some foresight and consistency to make it easier for people outside the industry to understand and have a clear mapping of what this represents in relation to existing things in the world
https://github.com/stackernews/stacker.news/blob/master/components/reply.js
Mining ⛏️
Today marks the 13th anniversary of the creation of block 94947. It was the block with the most transactions on that day. There were 13 transactions in total.
https://image.nostr.build/b885ad5ab25875e9ff4e62563281956f5da82184c0a77ae82e9e1fdca0ad03b5.png
https://mempool.space/pt/block/000000000007b265e9fe90dfa380b51368f842e21ecee9541be5fe01df5840ce
I knew I wanted to work on/with bdk and ldk so I wrote up a proposal that outlined roughly a years worth of work and submitted it to Spiral. There was a little back-and-forth where they explained the process and expectations a little more clearly and could get a better understanding of what I wanted to work on.
They were pretty flexible as my plans did end up changing quite a lot compared to what I originally proposed. Initially my plan was to focus primarily on DLCs but building out a lightning node (sensei) with bdk+ldk ended up being the core of my work.
I hope that as companies realize how important bitcoin is for the world (and their company) that they will prioritize funding the ecosystem as a core part of their business as Block (and a few others) have.
Day 194 of snailposting everyday 'til BTC hits $100k.
__@_'-'
They don't accept Bitcoin lol
I'm really excited about my Twitch stream tomorrow. It would be a month that I've been streaming bitcoin-only games on Twitch. I hope to inspire other bitcoiners to start streaming bitcoin games on Twitch (or other streaming platforms) to grow the bitcoin ecosystem.
So one of the things I worked on this weekend was to set up a Discord server where I'll be dropping resources to help other bitcoiners set up their Twitch, promote their channels and talk about bitcoin.
For now, it feels like a crazy ambitious project so I'm just using it as a means to have fun and play bitcoin games. If this turns into a movement in the bitcoin gaming industry, great. If not, at least I would have a place where I documented my progress.
I'm just going to take things one step at a time.
Tinkering with The Bullish Webstore (a fork of @supertestnet’s Magic Webstore).
So far, made it sats-only and tweaked the styling. 🤙
https://m.stacker.news/20587
The free market is sorting out territories nicely in my opinion. Bitcoin and bitcoin adjacent posts are still the most popular which are understandable but we have created a nice breadth of subject matter across SN now with territories and some are doing well and others not so much but that's what makes a market. The Stackers will decide which territories will stand the test of time.
Losers write about loser conferences. Winners reminisce about traveling in 2020 in completely empty airports and meeting only high-signal people who did the same.
Winners go and talk to OG's and experts for feedback on their ideas, get inspiration, make connections, put skin in the game by making their face accountable to their peers.
Winners go to conferences and land jobs, win hackathons, raise a little seed money to build the next big thing.
Conference goe'rs are the men and women in the arena. Conference organizers are happy to separate shitcoiners from their money to give Bitcoiners a place to network and take in social mana.