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Based on a recent paper that included collaboration from renowned experts such as Lynn Alden, Steve Lee, and Ren Crypto Fish, we discuss in depth how Bitcoin's consensus is built, the main risks, and the complex dynamics of protocol upgrades.

PT-BR version

Podcast https://www.fountain.fm/episode/wbjD6ntQuvX5u2G5BccC

Presentation https://gamma.app/docs/Analyzing-Bitcoin-Consensus-Risks-in-Protocol-Upgrades-p66axxjwaa37ksn

1. Introduction to Consensus in Bitcoin

Consensus in Bitcoin is the foundation that keeps the network secure and functional, allowing users worldwide to perform transactions in a decentralized manner without the need for intermediaries. Since its launch in 2009, Bitcoin is often described as an "immutable" system designed to resist changes, and it is precisely this resistance that ensures its security and stability.

The central idea behind consensus in Bitcoin is to create a set of acceptance rules for blocks and transactions, ensuring that all network participants agree on the transaction history. This prevents "double-spending," where the same bitcoin could be used in two simultaneous transactions, something that would compromise trust in the network.

Evolution of Consensus in Bitcoin

Over the years, consensus in Bitcoin has undergone several adaptations, and the way participants agree on changes remains a delicate process. Unlike traditional systems, where changes can be imposed from the top down, Bitcoin operates in a decentralized model where any significant change needs the support of various groups of stakeholders, including miners, developers, users, and large node operators.

Moreover, the update process is extremely cautious, as hasty changes can compromise the network's security. As a result, the philosophy of "don't fix what isn't broken" prevails, with improvements happening incrementally and only after broad consensus among those involved. This model can make progress seem slow but ensures that Bitcoin remains faithful to the principles of security and decentralization.

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2. Technical Components of Consensus

Bitcoin's consensus is supported by a set of technical rules that determine what is considered a valid transaction and a valid block on the network. These technical aspects ensure that all nodes—the computers that participate in the Bitcoin network—agree on the current state of the blockchain. Below are the main technical components that form the basis of the consensus.

Validation of Blocks and Transactions

The validation of blocks and transactions is the central point of consensus in Bitcoin. A block is only considered valid if it meets certain criteria, such as maximum size, transaction structure, and the solving of the "Proof of Work" problem. The proof of work, required for a block to be included in the blockchain, is a computational process that ensures the block contains significant computational effort—protecting the network against manipulation attempts.

Transactions, in turn, need to follow specific input and output rules. Each transaction includes cryptographic signatures that prove the ownership of the bitcoins sent, as well as validation scripts that verify if the transaction conditions are met. This validation system is essential for network nodes to autonomously confirm that each transaction follows the rules.

Chain Selection

Another fundamental technical issue for Bitcoin's consensus is chain selection, which becomes especially important in cases where multiple versions of the blockchain coexist, such as after a network split (fork). To decide which chain is the "true" one and should be followed, the network adopts the criterion of the highest accumulated proof of work. In other words, the chain with the highest number of valid blocks, built with the greatest computational effort, is chosen by the network as the official one.

This criterion avoids permanent splits because it encourages all nodes to follow the same main chain, reinforcing consensus.

Soft Forks vs. Hard Forks

In the consensus process, protocol changes can happen in two ways: through soft forks or hard forks. These variations affect not only the protocol update but also the implications for network users:

• Soft Forks: These are changes that are backward compatible. Only nodes that adopt the new update will follow the new rules, but old nodes will still recognize the blocks produced with these rules as valid. This compatibility makes soft forks a safer option for updates, as it minimizes the risk of network division.

• Hard Forks: These are updates that are not backward compatible, requiring all nodes to update to the new version or risk being separated from the main chain. Hard forks can result in the creation of a new coin, as occurred with the split between Bitcoin and Bitcoin Cash in 2017. While hard forks allow for deeper changes, they also bring significant risks of network fragmentation.

These technical components form the base of Bitcoin's security and resilience, allowing the system to remain functional and immutable without losing the necessary flexibility to evolve over time.

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3. Stakeholders in Bitcoin's Consensus

Consensus in Bitcoin is not decided centrally. On the contrary, it depends on the interaction between different groups of stakeholders, each with their motivations, interests, and levels of influence. These groups play fundamental roles in how changes are implemented or rejected on the network. Below, we explore the six main stakeholders in Bitcoin's consensus.

1. Economic Nodes

Economic nodes, usually operated by exchanges, custody providers, and large companies that accept Bitcoin, exert significant influence over consensus. Because they handle large volumes of transactions and act as a connection point between the Bitcoin ecosystem and the traditional financial system, these nodes have the power to validate or reject blocks and to define which version of the software to follow in case of a fork.

Their influence is proportional to the volume of transactions they handle, and they can directly affect which chain will be seen as the main one. Their incentive is to maintain the network's stability and security to preserve its functionality and meet regulatory requirements.

2. Investors

Investors, including large institutional funds and individual Bitcoin holders, influence consensus indirectly through their impact on the asset's price. Their buying and selling actions can affect Bitcoin's value, which in turn influences the motivation of miners and other stakeholders to continue investing in the network's security and development.

Some institutional investors have agreements with custodians that may limit their ability to act in network split situations. Thus, the impact of each investor on consensus can vary based on their ownership structure and how quickly they can react to a network change.

3. Media Influencers

Media influencers, including journalists, analysts, and popular personalities on social media, have a powerful role in shaping public opinion about Bitcoin and possible updates. These influencers can help educate the public, promote debates, and bring transparency to the consensus process.

On the other hand, the impact of influencers can be double-edged: while they can clarify complex topics, they can also distort perceptions by amplifying or minimizing change proposals. This makes them a force both of support and resistance to consensus.

4. Miners

Miners are responsible for validating transactions and including blocks in the blockchain. Through computational power (hashrate), they also exert significant influence over consensus decisions. In update processes, miners often signal their support for a proposal, indicating that the new version is safe to use. However, this signaling is not always definitive, and miners can change their position if they deem it necessary.

Their incentive is to maximize returns from block rewards and transaction fees, as well as to maintain the value of investments in their specialized equipment, which are only profitable if the network remains stable.

5. Protocol Developers

Protocol developers, often called "Core Developers," are responsible for writing and maintaining Bitcoin's code. Although they do not have direct power over consensus, they possess an informal veto power since they decide which changes are included in the main client (Bitcoin Core). This group also serves as an important source of technical knowledge, helping guide decisions and inform other stakeholders.

Their incentive lies in the continuous improvement of the network, ensuring security and decentralization. Many developers are funded by grants and sponsorships, but their motivations generally include a strong ideological commitment to Bitcoin's principles.

6. Users and Application Developers

This group includes people who use Bitcoin in their daily transactions and developers who build solutions based on the network, such as wallets, exchanges, and payment platforms. Although their power in consensus is less than that of miners or economic nodes, they play an important role because they are responsible for popularizing Bitcoin's use and expanding the ecosystem.

If application developers decide not to adopt an update, this can affect compatibility and widespread acceptance. Thus, they indirectly influence consensus by deciding which version of the protocol to follow in their applications.

These stakeholders are vital to the consensus process, and each group exerts influence according to their involvement, incentives, and ability to act in situations of change. Understanding the role of each makes it clearer how consensus is formed and why it is so difficult to make significant changes to Bitcoin.

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4. Mechanisms for Activating Updates in Bitcoin

For Bitcoin to evolve without compromising security and consensus, different mechanisms for activating updates have been developed over the years. These mechanisms help coordinate changes among network nodes to minimize the risk of fragmentation and ensure that updates are implemented in an orderly manner. Here, we explore some of the main methods used in Bitcoin, their advantages and disadvantages, as well as historical examples of significant updates.

Flag Day

The Flag Day mechanism is one of the simplest forms of activating changes. In it, a specific date or block is determined as the activation moment, and all nodes must be updated by that point. This method does not involve prior signaling; participants simply need to update to the new software version by the established day or block.

• Advantages: Simplicity and predictability are the main benefits of Flag Day, as everyone knows the exact activation date.

• Disadvantages: Inflexibility can be a problem because there is no way to adjust the schedule if a significant part of the network has not updated. This can result in network splits if a significant number of nodes are not ready for the update.

An example of Flag Day was the Pay to Script Hash (P2SH) update in 2012, which required all nodes to adopt the change to avoid compatibility issues.

BIP34 and BIP9

BIP34 introduced a more dynamic process, in which miners increase the version number in block headers to signal the update. When a predetermined percentage of the last blocks is mined with this new version, the update is automatically activated. This model later evolved with BIP9, which allowed multiple updates to be signaled simultaneously through "version bits," each corresponding to a specific change.

• Advantages: Allows the network to activate updates gradually, giving more time for participants to adapt.

• Disadvantages: These methods rely heavily on miner support, which means that if a sufficient number of miners do not signal the update, it can be delayed or not implemented.

BIP9 was used in the activation of SegWit (BIP141) but faced challenges because some miners did not signal their intent to activate, leading to the development of new mechanisms.

User Activated Soft Forks (UASF) and User Resisted Soft Forks (URSF)

To increase the decision-making power of ordinary users, the concept of User Activated Soft Fork (UASF) was introduced, allowing node operators, not just miners, to determine consensus for a change. In this model, nodes set a date to start rejecting blocks that are not in compliance with the new update, forcing miners to adapt or risk having their blocks rejected by the network.

URSF, in turn, is a model where nodes reject blocks that attempt to adopt a specific update, functioning as resistance against proposed changes.

• Advantages: UASF returns decision-making power to node operators, ensuring that changes do not depend solely on miners.

• Disadvantages: Both UASF and URSF can generate network splits, especially in cases of strong opposition among different stakeholders.

An example of UASF was the activation of SegWit in 2017, where users supported activation independently of miner signaling, which ended up forcing its adoption.

BIP8 (LOT=True)

BIP8 is an evolution of BIP9, designed to prevent miners from indefinitely blocking a change desired by the majority of users and developers. BIP8 allows setting a parameter called "lockinontimeout" (LOT) as true, which means that if the update has not been fully signaled by a certain point, it is automatically activated.

• Advantages: Ensures that changes with broad support among users are not blocked by miners who wish to maintain the status quo.

• Disadvantages: Can lead to network splits if miners or other important stakeholders do not support the update.

Although BIP8 with LOT=True has not yet been used in Bitcoin, it is a proposal that can be applied in future updates if necessary.

These activation mechanisms have been essential for Bitcoin's development, allowing updates that keep the network secure and functional. Each method brings its own advantages and challenges, but all share the goal of preserving consensus and network cohesion.

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5. Risks and Considerations in Consensus Updates

Consensus updates in Bitcoin are complex processes that involve not only technical aspects but also political, economic, and social considerations. Due to the network's decentralized nature, each change brings with it a set of risks that need to be carefully assessed. Below, we explore some of the main challenges and future scenarios, as well as the possible impacts on stakeholders.

Network Fragility with Alternative Implementations

One of the main risks associated with consensus updates is the possibility of network fragmentation when there are alternative software implementations. If an update is implemented by a significant group of nodes but rejected by others, a network split (fork) can occur. This creates two competing chains, each with a different version of the transaction history, leading to unpredictable consequences for users and investors.

Such fragmentation weakens Bitcoin because, by dividing hashing power (computing) and coin value, it reduces network security and investor confidence. A notable example of this risk was the fork that gave rise to Bitcoin Cash in 2017 when disagreements over block size resulted in a new chain and a new asset.

Chain Splits and Impact on Stakeholders

Chain splits are a significant risk in update processes, especially in hard forks. During a hard fork, the network is split into two separate chains, each with its own set of rules. This results in the creation of a new coin and leaves users with duplicated assets on both chains. While this may seem advantageous, in the long run, these splits weaken the network and create uncertainties for investors.

Each group of stakeholders reacts differently to a chain split:

• Institutional Investors and ETFs: Face regulatory and compliance challenges because many of these assets are managed under strict regulations. The creation of a new coin requires decisions to be made quickly to avoid potential losses, which may be hampered by regulatory constraints.

• Miners: May be incentivized to shift their computing power to the chain that offers higher profitability, which can weaken one of the networks.

• Economic Nodes: Such as major exchanges and custody providers, have to quickly choose which chain to support, influencing the perceived value of each network.

Such divisions can generate uncertainties and loss of value, especially for institutional investors and those who use Bitcoin as a store of value.

Regulatory Impacts and Institutional Investors

With the growing presence of institutional investors in Bitcoin, consensus changes face new compliance challenges. Bitcoin ETFs, for example, are required to follow strict rules about which assets they can include and how chain split events should be handled. The creation of a new asset or migration to a new chain can complicate these processes, creating pressure for large financial players to quickly choose a chain, affecting the stability of consensus.

Moreover, decisions regarding forks can influence the Bitcoin futures and derivatives market, affecting perception and adoption by new investors. Therefore, the need to avoid splits and maintain cohesion is crucial to attract and preserve the confidence of these investors.

Security Considerations in Soft Forks and Hard Forks

While soft forks are generally preferred in Bitcoin for their backward compatibility, they are not without risks. Soft forks can create different classes of nodes on the network (updated and non-updated), which increases operational complexity and can ultimately weaken consensus cohesion. In a network scenario with fragmentation of node classes, Bitcoin's security can be affected, as some nodes may lose part of the visibility over updated transactions or rules.

In hard forks, the security risk is even more evident because all nodes need to adopt the new update to avoid network division. Experience shows that abrupt changes can create temporary vulnerabilities, in which malicious agents try to exploit the transition to attack the network.

Bounty Claim Risks and Attack Scenarios

Another risk in consensus updates are so-called "bounty claims"—accumulated rewards that can be obtained if an attacker manages to split or deceive a part of the network. In a conflict scenario, a group of miners or nodes could be incentivized to support a new update or create an alternative version of the software to benefit from these rewards.

These risks require stakeholders to carefully assess each update and the potential vulnerabilities it may introduce. The possibility of "bounty claims" adds a layer of complexity to consensus because each interest group may see a financial opportunity in a change that, in the long term, may harm network stability.

The risks discussed above show the complexity of consensus in Bitcoin and the importance of approaching it gradually and deliberately. Updates need to consider not only technical aspects but also economic and social implications, in order to preserve Bitcoin's integrity and maintain trust among stakeholders.

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6. Recommendations for the Consensus Process in Bitcoin

To ensure that protocol changes in Bitcoin are implemented safely and with broad support, it is essential that all stakeholders adopt a careful and coordinated approach. Here are strategic recommendations for evaluating, supporting, or rejecting consensus updates, considering the risks and challenges discussed earlier, along with best practices for successful implementation.

1. Careful Evaluation of Proposal Maturity

Stakeholders should rigorously assess the maturity level of a proposal before supporting its implementation. Updates that are still experimental or lack a robust technical foundation can expose the network to unnecessary risks. Ideally, change proposals should go through an extensive testing phase, have security audits, and receive review and feedback from various developers and experts.

2. Extensive Testing in Secure and Compatible Networks

Before an update is activated on the mainnet, it is essential to test it on networks like testnet and signet, and whenever possible, on other compatible networks that offer a safe and controlled environment to identify potential issues. Testing on networks like Litecoin was fundamental for the safe launch of innovations like SegWit and the Lightning Network, allowing functionalities to be validated on a lower-impact network before being implemented on Bitcoin.

The Liquid Network, developed by Blockstream, also plays an important role as an experimental network for new proposals, such as OP_CAT. By adopting these testing environments, stakeholders can mitigate risks and ensure that the update is reliable and secure before being adopted by the main network.

3. Importance of Stakeholder Engagement

The success of a consensus update strongly depends on the active participation of all stakeholders. This includes economic nodes, miners, protocol developers, investors, and end users. Lack of participation can lead to inadequate decisions or even future network splits, which would compromise Bitcoin's security and stability.

4. Key Questions for Evaluating Consensus Proposals

To assist in decision-making, each group of stakeholders should consider some key questions before supporting a consensus change:

• Does the proposal offer tangible benefits for Bitcoin's security, scalability, or usability?
• Does it maintain backward compatibility or introduce the risk of network split?
• Are the implementation requirements clear and feasible for each group involved?
• Are there clear and aligned incentives for all stakeholder groups to accept the change?

5. Coordination and Timing in Implementations

Timing is crucial. Updates with short activation windows can force a split because not all nodes and miners can update simultaneously. Changes should be planned with ample deadlines to allow all stakeholders to adjust their systems, avoiding surprises that could lead to fragmentation.

Mechanisms like soft forks are generally preferable to hard forks because they allow a smoother transition. Opting for backward-compatible updates when possible facilitates the process and ensures that nodes and miners can adapt without pressure.

6. Continuous Monitoring and Re-evaluation

After an update, it's essential to monitor the network to identify problems or side effects. This continuous process helps ensure cohesion and trust among all participants, keeping Bitcoin as a secure and robust network.

These recommendations, including the use of secure networks for extensive testing, promote a collaborative and secure environment for Bitcoin's consensus process. By adopting a deliberate and strategic approach, stakeholders can preserve Bitcoin's value as a decentralized and censorship-resistant network.

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7. Conclusion

Consensus in Bitcoin is more than a set of rules; it's the foundation that sustains the network as a decentralized, secure, and reliable system. Unlike centralized systems, where decisions can be made quickly, Bitcoin requires a much more deliberate and cooperative approach, where the interests of miners, economic nodes, developers, investors, and users must be considered and harmonized. This governance model may seem slow, but it is fundamental to preserving the resilience and trust that make Bitcoin a global store of value and censorship-resistant.

Consensus updates in Bitcoin must balance the need for innovation with the preservation of the network's core principles. The development process of a proposal needs to be detailed and rigorous, going through several testing stages, such as in testnet, signet, and compatible networks like Litecoin and Liquid Network. These networks offer safe environments for proposals to be analyzed and improved before being launched on the main network.

Each proposed change must be carefully evaluated regarding its maturity, impact, backward compatibility, and support among stakeholders. The recommended key questions and appropriate timing are critical to ensure that an update is adopted without compromising network cohesion. It's also essential that the implementation process is continuously monitored and re-evaluated, allowing adjustments as necessary and minimizing the risk of instability.

By following these guidelines, Bitcoin's stakeholders can ensure that the network continues to evolve safely and robustly, maintaining user trust and further solidifying its role as one of the most resilient and innovative digital assets in the world. Ultimately, consensus in Bitcoin is not just a technical issue but a reflection of its community and the values it represents: security, decentralization, and resilience.

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8. Links

Whitepaper: https://github.com/bitcoin-cap/bcap

Youtube (pt-br): https://www.youtube.com/watch?v=rARycAibl9o&list=PL-qnhF0qlSPkfhorqsREuIu4UTbF0h4zb

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The future of physical money is at stake, and the discussion about DREX, the new digital currency planned by the Central Bank of Brazil, is gaining momentum. In a candid and intense conversation, Federal Deputy Julia Zanatta (PL/SC) discussed the challenges and risks of this digital transition, also addressing her Bill No. 3,341/2024, which aims to prevent the extinction of physical currency. This bill emerges as a direct response to legislative initiatives seeking to replace physical money with digital alternatives, limiting citizens' options and potentially compromising individual freedom. Let's delve into the main points of this conversation.

https://www.fountain.fm/episode/i5YGJ9Ors3PkqAIMvNQ0

(PT-BR version here)

What is a CBDC?

Before discussing the specifics of DREX, it’s important to understand what a CBDC (Central Bank Digital Currency) is. CBDCs are digital currencies issued by central banks, similar to a digital version of physical money. Unlike cryptocurrencies such as Bitcoin, which operate in a decentralized manner, CBDCs are centralized and regulated by the government. In other words, they are digital currencies created and controlled by the Central Bank, intended to replace physical currency.

A prominent feature of CBDCs is their programmability. This means that the government can theoretically set rules about how, where, and for what this currency can be used. This aspect enables a level of control over citizens' finances that is impossible with physical money. By programming the currency, the government could limit transactions by setting geographical or usage restrictions. In practice, money within a CBDC could be restricted to specific spending or authorized for use in a defined geographical area.

In countries like China, where citizen actions and attitudes are also monitored, a person considered to have a "low score" due to a moral or ideological violation may have their transactions limited to essential purchases, restricting their digital currency use to non-essential activities. This financial control is strengthened because, unlike physical money, digital currency cannot be exchanged anonymously.

Practical Example: The Case of DREX During the Pandemic

To illustrate how DREX could be used, an example was given by Eric Altafim, director of Banco Itaú. He suggested that, if DREX had existed during the COVID-19 pandemic, the government could have restricted the currency’s use to a 5-kilometer radius around a person’s residence, limiting their economic mobility. Another proposed use by the executive related to the Bolsa Família welfare program: the government could set up programming that only allows this benefit to be used exclusively for food purchases. Although these examples are presented as control measures for safety or organization, they demonstrate how much a CBDC could restrict citizens' freedom of choice.

To illustrate the potential for state control through a Central Bank Digital Currency (CBDC), such as DREX, it is helpful to look at the example of China. In China, the implementation of a CBDC coincides with the country’s Social Credit System, a governmental surveillance tool that assesses citizens' and companies' behavior. Together, these technologies allow the Chinese government to monitor, reward, and, above all, punish behavior deemed inappropriate or threatening to the government.

How Does China's Social Credit System Work?

Implemented in 2014, China's Social Credit System assigns every citizen and company a "score" based on various factors, including financial behavior, criminal record, social interactions, and even online activities. This score determines the benefits or penalties each individual receives and can affect everything from public transport access to obtaining loans and enrolling in elite schools for their children. Citizens with low scores may face various sanctions, including travel restrictions, fines, and difficulty in securing loans.

With the adoption of the CBDC — or “digital yuan” — the Chinese government now has a new tool to closely monitor citizens' financial transactions, facilitating the application of Social Credit System penalties. China’s CBDC is a programmable digital currency, which means that the government can restrict how, when, and where the money can be spent. Through this level of control, digital currency becomes a powerful mechanism for influencing citizens' behavior.

Imagine, for instance, a citizen who repeatedly posts critical remarks about the government on social media or participates in protests. If the Social Credit System assigns this citizen a low score, the Chinese government could, through the CBDC, restrict their money usage in certain areas or sectors. For example, they could be prevented from buying tickets to travel to other regions, prohibited from purchasing certain consumer goods, or even restricted to making transactions only at stores near their home.

Another example of how the government can use the CBDC to enforce the Social Credit System is by monitoring purchases of products such as alcohol or luxury items. If a citizen uses the CBDC to spend more than the government deems reasonable on such products, this could negatively impact their social score, resulting in additional penalties such as future purchase restrictions or a lowered rating that impacts their personal and professional lives.

In China, this kind of control has already been demonstrated in several cases. Citizens added to Social Credit System “blacklists” have seen their spending and investment capacity severely limited. The combination of digital currency and social scores thus creates a sophisticated and invasive surveillance system, through which the Chinese government controls important aspects of citizens’ financial lives and individual freedoms.

Deputy Julia Zanatta views these examples with great concern. She argues that if the state has full control over digital money, citizens will be exposed to a level of economic control and surveillance never seen before. In a democracy, this control poses a risk, but in an authoritarian regime, it could be used as a powerful tool of repression.

DREX and Bill No. 3,341/2024

Julia Zanatta became aware of a bill by a Workers' Party (PT) deputy (Bill 4068/2020 by Deputy Reginaldo Lopes - PT/MG) that proposes the extinction of physical money within five years, aiming for a complete transition to DREX, the digital currency developed by the Central Bank of Brazil. Concerned about the impact of this measure, Julia drafted her bill, PL No. 3,341/2024, which prohibits the elimination of physical money, ensuring citizens the right to choose physical currency.

“The more I read about DREX, the less I want its implementation,” says the deputy. DREX is a Central Bank Digital Currency (CBDC), similar to other state digital currencies worldwide, but which, according to Julia, carries extreme control risks. She points out that with DREX, the State could closely monitor each citizen’s transactions, eliminating anonymity and potentially restricting freedom of choice. This control would lie in the hands of the Central Bank, which could, in a crisis or government change, “freeze balances or even delete funds directly from user accounts.”

Risks and Individual Freedom

Julia raises concerns about potential abuses of power that complete digitalization could allow. In a democracy, state control over personal finances raises serious questions, and EddieOz warns of an even more problematic future. “Today we are in a democracy, but tomorrow, with a government transition, we don't know if this kind of power will be used properly or abused,” he states. In other words, DREX gives the State the ability to restrict or condition the use of money, opening the door to unprecedented financial surveillance.

EddieOz cites Nigeria as an example, where a CBDC was implemented, and the government imposed severe restrictions on the use of physical money to encourage the use of digital currency, leading to protests and clashes in the country. In practice, the poorest and unbanked — those without regular access to banking services — were harshly affected, as without physical money, many cannot conduct basic transactions. Julia highlights that in Brazil, this situation would be even more severe, given the large number of unbanked individuals and the extent of rural areas where access to technology is limited.

The Relationship Between DREX and Pix

The digital transition has already begun with Pix, which revolutionized instant transfers and payments in Brazil. However, Julia points out that Pix, though popular, is a citizen’s choice, while DREX tends to eliminate that choice. The deputy expresses concern about new rules suggested for Pix, such as daily transaction limits of a thousand reais, justified as anti-fraud measures but which, in her view, represent additional control and a profit opportunity for banks. “How many more rules will banks create to profit from us?” asks Julia, noting that DREX could further enhance control over personal finances.

International Precedents and Resistance to CBDC

The deputy also cites examples from other countries resisting the idea of a centralized digital currency. In the United States, states like New Hampshire have passed laws to prevent the advance of CBDCs, and leaders such as Donald Trump have opposed creating a national digital currency. Trump, addressing the topic, uses a justification similar to Julia’s: in a digitalized system, “with one click, your money could disappear.” She agrees with the warning, emphasizing the control risk that a CBDC represents, especially for countries with disadvantaged populations.

Besides the United States, Canada, Colombia, and Australia have also suspended studies on digital currencies, citing the need for further discussions on population impacts. However, in Brazil, the debate on DREX is still limited, with few parliamentarians and political leaders openly discussing the topic. According to Julia, only she and one or two deputies are truly trying to bring this discussion to the Chamber, making DREX’s advance even more concerning.

Bill No. 3,341/2024 and Popular Pressure

For Julia, her bill is a first step. Although she acknowledges that ideally, it would prevent DREX's implementation entirely, PL 3341/2024 is a measure to ensure citizens' choice to use physical money, preserving a form of individual freedom. “If the future means control, I prefer to live in the past,” Julia asserts, reinforcing that the fight for freedom is at the heart of her bill.

However, the deputy emphasizes that none of this will be possible without popular mobilization. According to her, popular pressure is crucial for other deputies to take notice and support PL 3341. “I am only one deputy, and we need the public’s support to raise the project’s visibility,” she explains, encouraging the public to press other parliamentarians and ask them to “pay attention to PL 3341 and the project that prohibits the end of physical money.” The deputy believes that with a strong awareness and pressure movement, it is possible to advance the debate and ensure Brazilians’ financial freedom.

What’s at Stake?

Julia Zanatta leaves no doubt: DREX represents a profound shift in how money will be used and controlled in Brazil. More than a simple modernization of the financial system, the Central Bank’s CBDC sets precedents for an unprecedented level of citizen surveillance and control in the country. For the deputy, this transition needs to be debated broadly and transparently, and it’s up to the Brazilian people to defend their rights and demand that the National Congress discuss these changes responsibly.

The deputy also emphasizes that, regardless of political or partisan views, this issue affects all Brazilians. “This agenda is something that will affect everyone. We need to be united to ensure people understand the gravity of what could happen.” Julia believes that by sharing information and generating open debate, it is possible to prevent Brazil from following the path of countries that have already implemented a digital currency in an authoritarian way.

A Call to Action

The future of physical money in Brazil is at risk. For those who share Deputy Julia Zanatta’s concerns, the time to act is now. Mobilize, get informed, and press your representatives. PL 3341/2024 is an opportunity to ensure that Brazilian citizens have a choice in how to use their money, without excessive state interference or surveillance.

In the end, as the deputy puts it, the central issue is freedom. “My fear is that this project will pass, and people won’t even understand what is happening.” Therefore, may every citizen at least have the chance to understand what’s at stake and make their voice heard in defense of a Brazil where individual freedom and privacy are respected values.

@ a42048d7:26886c32

DIY Multisig is complex and 100x more likely to fail than you think if you do it yourself: A few years ago as an experiment I put what was then $2,000 worth Bitcoin into a 2 of 3 DIY multisig with two close family members holding two keys on Tapsigners and myself holding the last key on a Coldcard. My thought was to try and preview how they might deal with self custodied multisig Bitcoin if I died prematurely. After over a year I revisited and asked them to try and do a transaction without me. Just send that single Utxo to a new address in the same wallet, no time limit. It could not possibly have failed harder and shook my belief in multisig. To summarize an extremely painful day, there was a literally 0% chance they would figure this out without help. If this had been for real all our BTC may have been lost forever. Maybe eventually a family friend could’ve helped, but I hadn’t thought of that and hadn’t recommended a trusted BTC knowledge/help source. I had preached self sovereignty and doing it alone and my family tried to respect that. I should’ve given them the contact info of local high integrity bitcoiners I trust implicitly. Regardless of setup type, I highly recommend having a trusted Bitcoiner and online resources your family knows they can turn to to trouble shoot. Bookmark the corresponding BTCSessions video to your BTC self custody setup. Multisig is complicated as hell and hard to understand. Complexity is the enemy when it comes to making sure your BTC isn’t lost and actually gets to your heirs. Many Bitcoiners use a similar setup to this one that failed so badly, and I’m telling you unless you’re married to or gave birth to a seriously hardcore maxi who is extremely tech savvy, the risk your Bitcoin is lost upon your death is unacceptably high. My family is extremely smart but when the pressure of now many thousands of dollars was on the line, the complexity of multisig torpedoed them. Don’t run to an ETF! There are answers: singlesig is awesome. From observing my family I’m confident they would’ve been okay in a singlesig setup. It was the process of signing on separate devices with separate signers, and moving a PSBT around that stymied them. If it had been singlesig they would’ve been okay as one signature on its own was accomplished. Do not besmirch singlesig, it’s incredibly powerful and incredibly resilient. Resilience and simplicity are vastly underrated! In my opinion multisig may increase your theoretical security against attacks that are far less likely to actually happen, e.g. an Oceans Eleven style hack/heist. More likely your heirs will be fighting panic, grief, and stress and forget something you taught them a few years back. If they face an attack it will most likely be social engineering/phishing. They are unlikely to face an elaborate heist that would make a fun movie. While I still maintain it was a mistake for Bitkey to not have a separate screen to verify addresses and other info, overall I believe it’s probably the best normie option for small BTC holdings(yes I do know Bitkey is actually multisig, but the UX is basically a single sig). This incident scared me into realizing the importance of simplicity. Complexity and confusion of heirs/family may be the most under-considered aspects of BTC security. If you’ve made a DIY multisig and your heirs can’t explain why they need all three public keys and what a descriptor is and where it’s backed up, you might as well just go have that boating accident now and get it over with.

Once you get past small amounts of BTC, any reputable hardware wallet in singlesig is amazing security I would encourage folks to consider. In a singlesig setup - For $5 wrench attack concerns, just don’t have your hardware signer or steel backup at your home. You can just have a hot wallet on your phone with a small amount for spending.

If you get a really big stack collaborative multisig is a potentially reasonable middle ground. Just be very thoughtful and brutally honest about your heirs and their BTC and general tech knowledge. Singlesig is still great and you don’t have to move past it, but I get that you also need to sleep at night. If you have truly life changing wealth and are just too uncomfortable with singlesig, maybe consider either 1) Anchorwatch to get the potential benefits of multisig security with the safety net of traditional insurance or 2) Liana wallet where you can use miniscript to effectively have a time locked singlesig spending path to a key held by a third party to help your family recover your funds if they can’t figure it out before that timelock hits, 3) Bitcoin Keeper with their automatic inheritance docs and mini script enabled inheritance key. The automatic inheritance docs are a best in class feature no one else has done yet. Unchained charges $200 for inheritance docs on top of your $250 annual subscription, which imho is beyond ridiculous. 4) Swan vault, I’ve generally soured on most traditional 2 of 3 collaborative multisig because I’ve always found holes either in security (Unchained signed a transaction in only a few hours and has no defined time delay, and still doesn’t support Segwit, seriously guys, wtf?), only support signers that are harder to use and thus tough for noobs, or the overall setups are just too complex. Swan Vault’s focus on keeping it as simple as possible really stands out against competitors that tack on unneeded confusion complexity.

TLDR: For small amounts of BTC use Bitkey. For medium to large amounts use singlesig with a reputable hardware wallet and steel backup. For life changing wealth where you just can no longer stomach sinsglesig maybe also consider Anchorwatch, Bitcoin Keeper, Sean Vault, or Liana. Don’t forget your steel backups! Be safe out there! Do your own research and don’t take my word for it. Just use this as inspiration to consider an alternative point of view. If you’re a family of software engineers, feel free to tell me to go fuck myself.

@ 8fb140b4:f948000c

Embarking on the journey of operating your own Lightning node on the Bitcoin Layer 2 network is more than just a tech-savvy endeavor; it's a step into a realm of financial autonomy and cutting-edge innovation. By running a node, you become a vital part of a revolutionary movement that's reshaping how we think about money and digital transactions. This role not only offers a unique perspective on blockchain technology but also places you at the heart of a community dedicated to decentralization and network resilience. Beyond the technicalities, it's about embracing a new era of digital finance, where you contribute directly to the network's security, efficiency, and growth, all while gaining personal satisfaction and potentially lucrative rewards.

In essence, running your own Lightning node is a powerful way to engage with the forefront of blockchain technology, assert financial independence, and contribute to a more decentralized and efficient Bitcoin network. It's an adventure that offers both personal and communal benefits, from gaining in-depth tech knowledge to earning a place in the evolving landscape of cryptocurrency.

Running your own Lightning node for the Bitcoin Layer 2 network can be an empowering and beneficial endeavor. Here are 10 reasons why you might consider taking on this task:

1. Direct Contribution to Decentralization: Operating a node is a direct action towards decentralizing the Bitcoin network, crucial for its security and resistance to control or censorship by any single entity.

2. Financial Autonomy: Owning a node gives you complete control over your financial transactions on the network, free from reliance on third-party services, which can be subject to fees, restrictions, or outages.

3. Advanced Network Participation: As a node operator, you're not just a passive participant but an active player in shaping the network, influencing its efficiency and scalability through direct involvement.

4. Potential for Higher Revenue: With strategic management and optimal channel funding, your node can become a preferred route for transactions, potentially increasing the routing fees you can earn.

5. Cutting-Edge Technological Engagement: Running a node puts you at the forefront of blockchain and bitcoin technology, offering insights into future developments and innovations.

6. Strengthened Network Security: Each new node adds to the robustness of the Bitcoin network, making it more resilient against attacks and failures, thus contributing to the overall security of the ecosystem.

7. Personalized Fee Structures: You have the flexibility to set your own fee policies, which can balance earning potential with the service you provide to the network.

8. Empowerment Through Knowledge: The process of setting up and managing a node provides deep learning opportunities, empowering you with knowledge that can be applied in various areas of blockchain and fintech.

9. Boosting Transaction Capacity: By running a node, you help to increase the overall capacity of the Lightning Network, enabling more transactions to be processed quickly and at lower costs.

10. Community Leadership and Reputation: As an active node operator, you gain recognition within the Bitcoin community, which can lead to collaborative opportunities and a position of thought leadership in the space.

These reasons demonstrate the impactful and transformative nature of running a Lightning node, appealing to those who are deeply invested in the principles of bitcoin and wish to actively shape its future. Jump aboard, and embrace the journey toward full independence. 🐶🐾🫡🚀🚀🚀

@ 8fb140b4:f948000c

Chef's notes

Serving these two dishes together will create a delightful centerpiece for your Thanksgiving meal, offering a perfect blend of traditional flavors with a homemade touch.

Details

• ⏲️ Prep time: 30 min
• 🍳 Cook time: 1 - 2 hours
• 🍽️ Servings: 4-6

Ingredients

• 1 whole turkey (about 12-14 lbs), thawed and ready to cook
• 1 cup unsalted butter, softened
• 2 tablespoons fresh thyme, chopped
• 2 tablespoons fresh rosemary, chopped
• 2 tablespoons fresh sage, chopped
• Salt and freshly ground black pepper
• 1 onion, quartered
• 1 lemon, halved
• 2-3 cloves of garlic
• Apple and Sage Stuffing
• 1 loaf of crusty bread, cut into cubes
• 2 apples, cored and chopped
• 1 onion, diced
• 2 stalks celery, diced
• 3 cloves garlic, minced
• 1/4 cup fresh sage, chopped
• 1/2 cup unsalted butter
• 2 cups chicken broth
• Salt and pepper, to taste

Directions

1. Preheat the Oven: Set your oven to 325°F (165°C).
2. Prepare the Herb Butter: Mix the softened butter with the chopped thyme, rosemary, and sage. Season with salt and pepper.
3. Prepare the Turkey: Remove any giblets from the turkey and pat it dry. Loosen the skin and spread a generous amount of herb butter under and over the skin.
4. Add Aromatics: Inside the turkey cavity, place the quartered onion, lemon halves, and garlic cloves.
5. Roast: Place the turkey in a roasting pan. Tent with aluminum foil and roast. A general guideline is about 15 minutes per pound, or until the internal temperature reaches 165°F (74°C) at the thickest part of the thigh.
6. Rest and Serve: Let the turkey rest for at least 20 minutes before carving.
7. Next: Apple and Sage Stuffing
8. Dry the Bread: Spread the bread cubes on a baking sheet and let them dry overnight, or toast them in the oven.
9. Cook the Vegetables: In a large skillet, melt the butter and cook the onion, celery, and garlic until soft.
10. Combine Ingredients: Add the apples, sage, and bread cubes to the skillet. Stir in the chicken broth until the mixture is moist. Season with salt and pepper.
11. Bake: Transfer the stuffing to a baking dish and bake at 350°F (175°C) for about 30-40 minutes, until golden brown on top.

@ a4a6b584:1e05b95b

Step 1: Secure Your Device

1. Install an Antivirus Program
   Download and install a trusted antivirus program to scan files for potential malware.
2. For Linux: Calm Antivirus

3. For Windows: CalmWin Antivirus

4. Install a VPN
   A VPN is essential for maintaining privacy and security. It will encrypt your internet traffic and hide your IP address.

5. Recommended: Mullvad VPN, which accepts Bitcoin for anonymous payment.

6. Install a Torrent Program
   You’ll need a torrent client to download files.

7. Recommended: Deluge

8. Install the Tor Browser
   To access The Pirate Bay or its proxies, you’ll need the privacy-focused Tor Browser.

---

Step 2: Prepare Your Setup

• Ensure your VPN is running and connected.
• Open the Tor Browser.
• Launch Deluge to have your torrent client ready.

---

Step 3: Using Tor Go to The Pirate Bay via Onion Service or Find a Trusted Pirate Bay Proxy

Accessing The Pirate Bay directly can be challenging due to restrictions in some regions. Proxy sites often fill the gap. - The Pirate Bay Onion service: http://piratebayo3klnzokct3wt5yyxb2vpebbuyjl7m623iaxmqhsd52coid.onion - Or find a trusted proxy: Use a site like Pirateproxy or a reliable Tor directory for updated lists.

---

Step 4: Search for Linux Distros

1. On The Pirate Bay, navigate to the "OtherOS" category under the Applications section.
2. Enter your desired Linux distro in the search bar (e.g., "Ubuntu," "Arch Linux").

---

Step 5: Select a Torrent

1. Filter the Results:
2. Look for torrents with the highest seeders (SE) and the fewest leechers (LE).

3. Trusted users are marked with a green skull icon—these are usually safe uploads.

4. Copy the Magnet Link:

5. Right-click on the magnet icon next to the trusted torrent and select "Copy Link."

---

Step 6: Start the Download

1. In Deluge, paste the copied magnet link into the “Add Torrent” box.
2. Click OK to start the download.
3. Monitor the progress until the download completes.

---

Step 7: Scan the Downloaded File

Once the file is downloaded: 1. Scan for viruses: Right-click the file and use Calm or CalmWin to verify its integrity.
2. If the file passes the scan, it’s ready for use.

---

Step 8: Manage Your File

• Seed or Remove:
• To help the torrent community, keep seeding the file by leaving it in your torrent client.

• To stop seeding, right-click the file in Deluge and remove it.

• Move for Long-Term Storage: Transfer the file to a secure directory for regular use.

---

Notes on Safety and Ethics

• Verify Legitimacy: Ensure the torrent you are downloading is for an official Linux distribution. Torrents with unusual names or details should be avoided.
• Support the Developers: Consider visiting the official websites of Linux distros (Ubuntu, Arch Linux) to support their work directly.

---

By following these steps, you can safely and privately download Linux distributions while contributing to the open-source community.

@ 8fb140b4:f948000c

Testing a brand new YakiHonne native client for iOS. Smooth as butter (not penis butter 🤣🍆🧈) with great visual experience and intuitive navigation. Amazing work by the team behind it! * lists * work

Bold text work!

Images could have used nostr.build instead of raw S3 from us-east-1 region.

Very impressive! You can even save the draft and continue later, before posting the long-form note!

🐶🐾🤯🤯🤯🫂💜

@ fd208ee8:0fd927c1

I just read this, and found it enlightening.

Jung... notes that intelligence can be seen as problem solving at an everyday level..., whereas creativity may represent problem solving for less common issues

Other studies have used metaphor creation as a creativity measure instead of divergent thinking and a spectrum of CHC components instead of just g and have found much higher relationships between creativity and intelligence than past studies

https://www.mdpi.com/2079-3200/3/3/59

I'm unusually intelligent (Who isn't?), but I'm much more creative, than intelligent, and I think that confuses people. The ability to apply intelligence, to solve completely novel problems, on the fly, is something IQ tests don't even claim to measure. They just claim a correlation.

Creativity requires taking wild, mental leaps out into nothingness; simply trusting that your brain will land you safely. And this is why I've been at the forefront of massive innovation, over and over, but never got rich off of it.

I'm a starving autist.

Zaps are the first time I've ever made money directly, for solving novel problems. Companies don't do this because there is a span of time between providing a solution and the solution being implemented, and the person building the implementation (or their boss) receives all the credit for the existence of the solution. At best, you can hope to get pawned off with a small bonus.

Nobody can remember who came up with the solution, originally, and that person might not even be there, anymore, and probably never filed a patent, and may have no idea that their idea has even been built. They just run across it, later, in a tech magazine or museum, and say, "Well, will you look at that! Someone actually went and built it! Isn't that nice!"

Universities at least had the idea of cementing novel solutions in academic papers, but that: 1) only works if you're an academic, and at a university, 2) is an incredibly slow process, not appropriate for a truly innovative field, 3) leads to manifestations of perverse incentives and biased research frameworks, coming from 'publish or perish' policies.

But I think long-form notes and zaps solve for this problem. #Alexandria, especially, is being built to cater to this long-suffering class of chronic underachievers. It leaves a written, public, time-stamped record of Clever Ideas We Have Had.

Because they are clever, the ideas. And we have had them.

@ 6e468422:15deee93

We didn't hear them land on earth, nor did we see them. The spores were not visible to the naked eye. Like dust particles, they softly fell, unhindered, through our atmosphere, covering the earth. It took us a while to realize that something extraordinary was happening on our planet. In most places, the mushrooms didn't grow at all. The conditions weren't right. In some places—mostly rocky places—they grew large enough to be noticeable. People all over the world posted pictures online. "White eggs," they called them. It took a bit until botanists and mycologists took note. Most didn't realize that we were dealing with a species unknown to us.

We aren't sure who sent them. We aren't even sure if there is a "who" behind the spores. But once the first portals opened up, we learned that these mushrooms aren't just a quirk of biology. The portals were small at first—minuscule, even. Like a pinhole camera, we were able to glimpse through, but we couldn't make out much. We were only able to see colors and textures if the conditions were right. We weren't sure what we were looking at.

We still don't understand why some mushrooms open up, and some don't. Most don't. What we do know is that they like colder climates and high elevations. What we also know is that the portals don't stay open for long. Like all mushrooms, the flush only lasts for a week or two. When a portal opens, it looks like the mushroom is eating a hole into itself at first. But the hole grows, and what starts as a shimmer behind a grey film turns into a clear picture as the egg ripens. When conditions are right, portals will remain stable for up to three days. Once the fruit withers, the portal closes, and the mushroom decays.

The eggs grew bigger year over year. And with it, the portals. Soon enough, the portals were big enough to stick your finger through. And that's when things started to get weird...

@ 8fb140b4:f948000c

As the title states, scratch behind my ear and you get it. 🐶🐾🫡

@ fd208ee8:0fd927c1

When the shit just don't work

Most open-source software is now so badly written and sloppily-maintained, that it's malware.

That's why the governments are getting involved. They try using OS, to save money and improve quality (and to market themselves as "hip"), and then it blows up their system or opens them up to hackers.

Now, they're pissed and want support (but the dev with the handle SucksToBeYou has disappeared) or someone to sue, but most OS projects have no identifiable entity behind them. Even well-known anon devs are often groups of anons or accounts that change hands.

The software cracks have moved on

There is simply no evidence that OS alone produces higher-quality software. The reason it seemed that way, at the beginning, was because of the caliber of the developers working on the projects, and the limited number of projects. This resulted in experienced people actively reviewing each others' code.

OS used to be something the elite engaged in, but it's mostly beginners practicing in public, now. That's why there are now millions of OS projects, happily offered for free, but almost all of them are garbage. The people now building OS usually aren't capable of reviewing other people's code, and they're producing worse products than ChatGPT could. Their software has no customers because it has no market value.

If everything is OS, then nothing is.

Another paradigm-changer is that all software is de facto OS, now that we can quickly reverse-engineer code with AI. That means the focus is no longer on OS/not-OS, but on the accountability and reputation of the builders.

It is, once again, a question of trust. We have come full-circle.

@ 8fb140b4:f948000c

Test Bounty Note

@ 8fb140b4:f948000c

Intro

This short tutorial will help you set up your own Nostr Wallet Connect (NWC) on your own LND Node that is not using Umbrel. If you are a user of Umbrel, you should use their version of NWC.

Requirements

You need to have a working installation of LND with established channels and connectivity to the internet. NWC in itself is fairly light and will not consume a lot of resources. You will also want to ensure that you have a working installation of Docker, since we will use a docker image to run NWC.

• Working installation of LND (and all of its required components)
• Docker (with Docker compose)

Installation

For the purpose of this tutorial, we will assume that you have your lnd/bitcoind running under user bitcoin with home directory /home/bitcoin. We will also assume that you already have a running installation of Docker (or docker.io).

Prepare and verify

git version - we will need git to get the latest version of NWC. docker version - should execute successfully and show the currently installed version of Docker. docker compose version - same as before, but the version will be different. ss -tupln | grep 10009- should produce the following output: tcp LISTEN 0 4096 0.0.0.0:10009 0.0.0.0: tcp LISTEN 0 4096 [::]:10009 [::]:**

For things to work correctly, your Docker should be version 20.10.0 or later. If you have an older version, consider installing a new one using instructions here: https://docs.docker.com/engine/install/

Create folders & download NWC

In the home directory of your LND/bitcoind user, create a new folder, e.g., "nwc" mkdir /home/bitcoin/nwc. Change to that directory cd /home/bitcoin/nwc and clone the NWC repository: git clone https://github.com/getAlby/nostr-wallet-connect.git

Creating the Docker image

In this step, we will create a Docker image that you will use to run NWC.

• Change directory to nostr-wallet-connect: cd nostr-wallet-connect
• Run command to build Docker image: docker build -t nwc:$(date +'%Y%m%d%H%M') -t nwc:latest . (there is a dot at the end)
• The last line of the output (after a few minutes) should look like => => naming to docker.io/library/nwc:latest
• nwc:latest is the name of the Docker image with a tag which you should note for use later.

Creating docker-compose.yml and necessary data directories

• Let's create a directory that will hold your non-volatile data (DB): mkdir data
• Indocker-compose.ymlfile, there are fields that you want to replace (<> comments) and port “4321” that you want to make sure is open (check with ss -tupln | grep 4321which should return nothing).
• Create docker-compose.ymlfile with the following content, and make sure to update fields that have <> comment:

version: "3.8" services: nwc: image: nwc:latest volumes: - ./data:/data - ~/.lnd:/lnd:ro ports: - "4321:8080" extra_hosts: - "localhost:host-gateway" environment: NOSTR_PRIVKEY: <use "openssl rand -hex 32" to generate a fresh key and place it inside ""> LN_BACKEND_TYPE: "LND" LND_ADDRESS: localhost:10009 LND_CERT_FILE: "/lnd/tls.cert" LND_MACAROON_FILE: "/lnd/data/chain/bitcoin/mainnet/admin.macaroon" DATABASE_URI: "/data/nostr-wallet-connect.db" COOKIE_SECRET: <use "openssl rand -hex 32" to generate fresh secret and place it inside ""> PORT: 8080 restart: always stop_grace_period: 1m

Starting and testing

Now that you have everything ready, it is time to start the container and test.

• While you are in the nwcdirectory (important), execute the following command and check the log output, docker compose up
• You should see container logs while it is starting, and it should not exit if everything went well.
• At this point, you should be able to go to http://<ip of the host where nwc is running>:4321 and get to the interface of NWC
• To stop the test run of NWC, simply press Ctrl-C , and it will shut the container down.
• To start NWC permanently, you should execute docker compose up -d , “-d” tells Docker to detach from the session.
• To check currently running NWC logs, execute docker compose logs to run it in tail mode add -f to the end.
• To stop the container, execute docker compose down

That's all, just follow the instructions in the web interface to get started.

Updating

As with any software, you should expect fixes and updates that you would need to perform periodically. You could automate this, but it falls outside of the scope of this tutorial. Since we already have all of the necessary configuration in place, the update execution is fairly simple.

• Change directory to the clone of the git repository, cd /home/bitcoin/nwc/nostr-wallet-connect
• Run command to build Docker image: docker build -t nwc:$(date +'%Y%m%d%H%M') -t nwc:latest . (there is a dot at the end)
• Change directory back one level cd ..
• Restart (stop and start) the docker compose config docker compose down && docker compose up -d
• Done! Optionally you may want to check the logs: docker compose logs

@ ebdee929:513adbad

Blue light is not inherently bad, just bad in the wrong context.

Blue light provides wakefulness, stimulation, and sets our internal body clock (circadian rhythm).

When we go outside in the sun, we get bathed in blue lightblue light is not inherently bad, just bad in the wrong context.

Blue light sets the human rhythm.

However, sunlight never gives us blue light without the rest of the visible rainbow + infrared.

Light from screens & LED bulbs do not contain any infrared, and has a unnaturally high proportion of blue light.

LEDs = unbalanced & blue light dominant

Light from artificial sources is especially disruptive at night time, where the high blue light component can interfere with melatonin production and sleep quality at a greater rate than lower energy colors of light. Blue Light has a Dark Side

This doesn't mean that red light is completely innocent of disrupting sleep either

It is both the spectrum of light AND the intensity of light that contributes to sleep disruption. See this tweet from Huberman.

We took all of this into account when building the DC-1 to be the world's first blue light free computer.

The DC-1 has a reflective screen that:

• emits ZERO light during the day

• can be used easily outside in direct sunlight

& a backlight that:

• can be 100% blue light free

• has a broad spectrum of light

• can be seen at very low brightness

Our Live Paper™ display technology feels like a magic piece of paper

During the day, that piece of paper is illuminated by sunlight. At night, that piece of paper is illuminated by candle light.

(backlight is converging with a candle light spectrum)

The two sources of natural light are sunlight & fire.

We are trying to reproduce this experience for the most enjoyable, healthy, and least invasive technology experience for humanity.

Root cause problem solving by emulating nature.

"But can't I just put a red light screen filter on my MacBook?"

Absolutely you can, and we advocate for it

Software screen filters are great, but anyone who has changed their screen to full “red mode” to get rid of the blue light knows the downsides to this…

You can barely see anything and you end up having to crank up the brightness in order to see any contrast.

This is because of the highly isolated nature of LED emissive screens, you can only isolate a very narrow band of colors.

Going full red is not something your eyes have ever been used to seeing.

You need a broad spectrum light solution, and that is what we have in our amber backlight while still being blue light free.

This means you can have a better visual experience, turn down the brightness, and get minimal sleep/circadian disruption.

What about FLICKER?

Nearly all LEDs flicker. Especially when changing in brightness due to Pulsed Width Modulation (PWM) LED driver control

Our LED backlight uses DC dimming & is expert verified flicker-free.

This can only be achieved through hardware changes, not software screen filters.

& Blue Light Blocking Glasses?

They need to be tinted orange/red to block all of the blue light.

Thus the same issues as screen filters (bad visual experience, not solving flicker) + average joe would never wear them.

We still love blue blockers, they just aren't a root cause solution.

We made a computer that is healthier and less stimulating, with a low barrier to entry

Whether you are a staunch circadian health advocate or just like the warm vibes of amber mode and being outside...the DC-1 just feels good because it doesn't make you feel bad :)

Learn more here and thanks for reading.

@ 7ed7d5c3:6927e200

There was a time when we dared not rustle a whisper. But now we write and read samizdat and, congregating in the smoking rooms of research institutes, heartily complain to each other of all they are muddling up, of all they are dragging us into! There’s that unnecessary bravado around our ventures into space, against the backdrop of ruin and poverty at home; and the buttressing of distant savage regimes; and the kindling of civil wars; and the ill-thought-out cultivation of Mao Zedong (at our expense to boot)—in the end we’ll be the ones sent out against him, and we’ll have to go, what other option will there be? And they put whomever they want on trial, and brand the healthy as mentally ill—and it is always “they,” while we are—helpless.

We are approaching the brink; already a universal spiritual demise is upon us; a physical one is about to flare up and engulf us and our children, while we continue to smile sheepishly and babble:

“But what can we do to stop it? We haven’t the strength.”

We have so hopelessly ceded our humanity that for the modest handouts of today we are ready to surrender up all principles, our soul, all the labors of our ancestors, all the prospects of our descendants—anything to avoid disrupting our meager existence. We have lost our strength, our pride, our passion. We do not even fear a common nuclear death, do not fear a third world war (perhaps we’ll hide away in some crevice), but fear only to take a civic stance! We hope only not to stray from the herd, not to set out on our own, and risk suddenly having to make do without the white bread, the hot water heater, a Moscow residency permit.

We have internalized well the lessons drummed into us by the state; we are forever content and comfortable with its premise: we cannot escape the environment, the social conditions; they shape us, “being determines consciousness.” What have we to do with this? We can do nothing.

But we can do—everything!—even if we comfort and lie to ourselves that this is not so. It is not “they” who are guilty of everything, but we ourselves, only we!

Some will counter: But really, there is nothing to be done! Our mouths are gagged, no one listens to us, no one asks us. How can we make them listen to us?

To make them reconsider—is impossible.

The natural thing would be simply not to reelect them, but there are no re-elections in our country.

In the West they have strikes, protest marches, but we are too cowed, too scared: How does one just give up one’s job, just go out onto the street?

All the other fateful means resorted to over the last century of Russia’s bitter history are even less fitting for us today—true, let’s not fall back on them! Today, when all the axes have hewn what they hacked, when all that was sown has borne fruit, we can see how lost, how drugged were those conceited youths who sought, through terror, bloody uprising, and civil war, to make the country just and content. No thank you, fathers of enlightenment! We now know that the vileness of the means begets the vileness of the result. Let our hands be clean!

So has the circle closed? So is there indeed no way out? So the only thing left to do is wait inertly: What if something just happens by itself?

But it will never come unstuck by itself, if we all, every day, continue to acknowledge, glorify, and strengthen it, if we do not, at the least, recoil from its most vulnerable point.

From lies.

When violence bursts onto the peaceful human condition, its face is flush with self-assurance, it displays on its banner and proclaims: “I am Violence! Make way, step aside, I will crush you!” But violence ages swiftly, a few years pass—and it is no longer sure of itself. To prop itself up, to appear decent, it will without fail call forth its ally—Lies. For violence has nothing to cover itself with but lies, and lies can only persist through violence. And it is not every day and not on every shoulder that violence brings down its heavy hand: It demands of us only a submission to lies, a daily participation in deceit—and this suffices as our fealty.

And therein we find, neglected by us, the simplest, the most accessible key to our liberation: a personal nonparticipation in lies! Even if all is covered by lies, even if all is under their rule, let us resist in the smallest way: Let their rule hold not through me!

And this is the way to break out of the imaginary encirclement of our inertness, the easiest way for us and the most devastating for the lies. For when people renounce lies, lies simply cease to exist. Like parasites, they can only survive when attached to a person.

We are not called upon to step out onto the square and shout out the truth, to say out loud what we think—this is scary, we are not ready. But let us at least refuse to say what we do not think!

This is the way, then, the easiest and most accessible for us given our deep-seated organic cowardice, much easier than (it’s scary even to utter the words) civil disobedience à la Gandhi.

Our way must be: Never knowingly support lies! Having understood where the lies begin (and many see this line differently)—step back from that gangrenous edge! Let us not glue back the flaking scales of the Ideology, not gather back its crumbling bones, nor patch together its decomposing garb, and we will be amazed how swiftly and helplessly the lies will fall away, and that which is destined to be naked will be exposed as such to the world.

And thus, overcoming our timidity, let each man choose: Will he remain a witting servant of the lies (needless to say, not due to natural predisposition, but in order to provide a living for the family, to rear the children in the spirit of lies!), or has the time come for him to stand straight as an honest man, worthy of the respect of his children and contemporaries? And from that day onward he:

· Will not write, sign, nor publish in any way, a single line distorting, so far as he can see, the truth;

· Will not utter such a line in private or in public conversation, nor read it from a crib sheet, nor speak it in the role of educator, canvasser, teacher, actor;

· Will not in painting, sculpture, photograph, technology, or music depict, support, or broadcast a single false thought, a single distortion of the truth as he discerns it;

· Will not cite in writing or in speech a single “guiding” quote for gratification, insurance, for his success at work, unless he fully shares the cited thought and believes that it fits the context precisely;

· Will not be forced to a demonstration or a rally if it runs counter to his desire and his will; will not take up and raise a banner or slogan in which he does not fully believe;

· Will not raise a hand in vote for a proposal which he does not sincerely support; will not vote openly or in secret ballot for a candidate whom he deems dubious or unworthy;

· Will not be impelled to a meeting where a forced and distorted discussion is expected to take place;

· Will at once walk out from a session, meeting, lecture, play, or film as soon as he hears the speaker utter a lie, ideological drivel, or shameless propaganda;

· Will not subscribe to, nor buy in retail, a newspaper or journal that distorts or hides the underlying facts.

This is by no means an exhaustive list of the possible and necessary ways of evading lies. But he who begins to cleanse himself will, with a cleansed eye, easily discern yet other opportunities.

Yes, at first it will not be fair. Someone will have to temporarily lose his job. For the young who seek to live by truth, this will at first severely complicate life, for their tests and quizzes, too, are stuffed with lies, and so choices will have to be made. But there is no loophole left for anyone who seeks to be honest: Not even for a day, not even in the safest technical occupations can he avoid even a single one of the listed choices—to be made in favor of either truth or lies, in favor of spiritual independence or spiritual servility. And as for him who lacks the courage to defend even his own soul: Let him not brag of his progressive views, boast of his status as an academician or a recognized artist, a distinguished citizen or general. Let him say to himself plainly: I am cattle, I am a coward, I seek only warmth and to eat my fill.

For us, who have grown staid over time, even this most moderate path of resistance will be not be easy to set out upon. But how much easier it is than self-immolation or even a hunger strike: Flames will not engulf your body, your eyes will not pop out from the heat, and your family will always have at least a piece of black bread to wash down with a glass of clear water.

Betrayed and deceived by us, did not a great European people—the Czechoslovaks—show us how one can stand down the tanks with bared chest alone, as long as inside it beats a worthy heart?

It will not be an easy path, perhaps, but it is the easiest among those that lie before us. Not an easy choice for the body, but the only one for the soul. No, not an easy path, but then we already have among us people, dozens even, who have for years abided by all these rules, who live by the truth.

And so: We need not be the first to set out on this path, Ours is but to join! The more of us set out together, the thicker our ranks, the easier and shorter will this path be for us all! If we become thousands—they will not cope, they will be unable to touch us. If we will grow to tens of thousands—we will not recognize our country!

But if we shrink away, then let us cease complaining that someone does not let us draw breath—we do it to ourselves! Let us then cower and hunker down, while our comrades the biologists bring closer the day when our thoughts can be read and our genes altered.

And if from this also we shrink away, then we are worthless, hopeless, and it is of us that Pushkin asks with scorn:

Why offer herds their liberation? 
............................. Their heritage each generation
The yoke with jingles, and the whip.

February 12, 1974

—translated from the Russian by Yermolai Solzhenitsyn

@ c48e29f0:26e14c11

titcoin

Rename Bitcoin to "Titcoin" and sats to "tits."

Redefinition of Bitcoin into “Titcoin” and redefinition of sats into “tits” using that as the Unit Base of Denomination.

TitHub repository available here: https://github.com/WalkerAmerica/titcoin

Abstract

This BIP proposes redefining the commonly recognized "bitcoin" and “sats” units so that what was previously known “bitcoin” becomes “titcoin” and what was previously known as “sats,” the smallest indivisible unit, becomes “tits.” The “Bitcoin” Network will be renamed to the “Titcoin” Network. Under this proposal, one tit is defined as that smallest unit, eliminating the need for decimal places, and 100,000,000 tits is defined as a titcoin. By making tits the standard measure, this BIP aims to simplify user comprehension, reduce confusion, and align on-chain values directly with their displayed representation.

Also, by aligning Bitcoin's brand with live-giving tits, we will supercharge adoption and inject humor into financial sovereignty. After all, every baby came into this world sucking on tits.

Under this BIP: - Internally, the smallest indivisible unit remains unchanged. - With this proposal, "1 tit" equals that smallest unit. - What was previously referred to as "1 BTC" now corresponds to 100 million tits. - Satoshis are permanently eliminated.

Addressing the “Buttcoin” BIP:

Not much time need be wasted addressing the catastrophic “Button” BIP proposed by Rockstar Dev, but two points bear emphasizing:

1. “Butts” is shitcoin-adjacent terminology (where does shit come from? Exactly…)
2. Butts give you poop. Tits give you milk.

Case closed.

Motivation

Bitcoin's branding is boring. Worse yet, critics think Bitcoin is already "a joke," so let’s own it, let's: Make Bitcoin Funny Again. Laughter is universal, irresistible, and much cheaper than marketing agencies and product roadmaps. Besides, basically everyone either has tits or likes tits. Additionally, renaming Bitcoin as “Titcoin” makes the common trope of “Bitcoin BROS” sound even more stupid. “Titcoin Bros”? Get a life, man…

By rebranding Bitcoin to Titcoin (.)(.), we achieve several key goals:

1. Haters Become Users: People like tits. Tits give nourishment to babies. They can stack tits instead of just making fun of them. Adoption skyrockets as trolls turn into tit hodlers.

2. Memetic Power: The word “tit” is both universally funny and ageless. “Send me 10 tits” is instantly iconic. “Nice tits” is a great compliment. “That’s gonna cost you a pair of tits” is hilarious. Try saying that without smiling. You can’t. (.)(.)

3. Simplifying Denominations: Decimals are a blight on humanity. 0.00000001 BTC? Kill it. Under the Titcoin Standard:

• 1 Titcoin = 100,000,000 tits.
• Satoshis are gone. Forever. If you see Satoshi on the road, kill him - just like in Zen, where the teacher becomes the barrier. We transcend satoshis and achieve financial enlightenment.

4. Aligning with the Ledger: Bitcoin’s base unit was always integers, but now they’re funny integers. No more fractions, decimals, or math anxiety. Just tits. (.)(.)

5. Adoption via Humor: Titcoin lowers Bitcoin's intimidation factor. Newbies will feel at ease buying tits instead of serious-sounding fractions of BTC. Tits > Decimals.

Specification

Terminology Redefinitions: - "Bitcoin" → "Titcoin" (.)(.) - "BTC" → "TIT" (ISO-friendly and hilarious) - Satoshis → Gone. Eliminated. Defeated.

Example:

• Old: "I’ll send you 0.00010000 BTC."
• New: "I’ll send you 10,000 tits (.)(.)."

Wallet balances would display as:

• "You have 1,000,000 tits" instead of some boring fractional BTC amount.

Adoption Strategy

1. Memes First: Flood Twitter, Reddit, and Telegram with memes. Start with “Hodl your tits” and “Stack tits”.

2. Titcoin Podcast: There is already a podcast called “Titcoin Podcast” (which many people are saying is the fastest-growing Bitcoin (Titcoin) podcast in the world). Titcoin Podcast will be a driving force in the adoption of the Titcoin Standard. (.)(.)

Nostr: https://primal.net/titcoin

X: https://x.com/titcoinpodcast

Web: http://titcoin.org

3. Kill Satoshis: Developers MUST remove all references to satoshis. Replace satoshis in GUIs, APIs, and block explorers with tits. Satoshis were a stepping stone - it’s time to let go.

4. Emoji Standardization: Use the (.)(.) emoji universally to denote tits.

Rationale

1. Usability & Clarity: "Decimals are for nerds. Tits are for everyone." A common currency for humans should be easy to use, funny, and integer-based.

2. Appealing to Critics: Bitcoin has endured years of attacks from all sides. By adopting the Titcoin Standard, we turn anyone who doesn’t like Titcoin into a tit-hating bigot. It’s an elegant financial counterattack. Additionally, everyone always says “we need more women in Bitcoin,” and now women will feel more represented by Titcoin, because they have tits. (.)(.)

3. Transcending Satoshis: Satoshis served us well, but their time is over. True enlightenment comes when we abandon decimals, satoshis, and arbitrary denominations. If you meet Satoshi on the road, kill him.

4. Memetic Durability: Everyone loves a good tit joke. It’s timeless.

Backward Compatibility

There is no backward compatibility because Titcoin is the future. Applications must hard fork their UI to replace all references to Bitcoin and BTC with Titcoin and TIT.

Implementation Timeline

• Phase 1 (1 month): Meme dissemination. Every wallet dev team is required to add (.)(.) emoji support.
• Phase 2 (3 months): Exchanges rebrand BTC tickers to tit. Nostr zaps tits into hyperspace.
• Phase 3 (6 months): Michael Saylor announces MicroStrategy now stacked 10 trillion tits, declaring it the superior currency. ETFs follow suit, ensuring Wall Street hodls tits en masse. Banks allow tit transfers via SWIFT.

Test Vectors

• Old: 1.00000000 BTC → New: 100,000,000 tits (.)(.)
• Old: 0.00000001 BTC → New: 1 tit (.)(.)
• Old: 0.001 BTC → New: 100,000 tits (.)(.)

Future-Proofing

Tits ensure we have infinite memes for infinite money.

Example Phrases for the Future: - "Better hodl on to your tits." - "This is the Titcoin Standard." - "I’m sending you tits." - “I’ve never seen so many tits!” - “That’s the million tit question.” - “We need more women in Titcoin.” - “I’m a Titcoin Maximalist.” - “Nice tits!” - “I love tits.”

Conclusion

By renaming Bitcoin to Titcoin and adopting a whole-number unit display, we align memetic dominance with financial sovereignty. Haters become adopters. Tits become wealth. And the world gets a little bit funnier. (.)(.)

Let’s hodl our tits and watch the world follow.

Copyright:

This BIP is licensed under CC-🫱(.)(.)🫲-1.0 and the eternal blessing of tit (.)(.) memes.

@ 6e4f2866:a76f7a29

Have you ever felt like you’re running as fast as you can in life, only to find yourself in the same spot? Trying to achieve goals, optimise yourself only to feel unfulfilled & lacking. That’s the hamster wheel—an exhausting, repetitive cycle that holds us captive in patterns we didn’t consciously choose. These aren’t just bad habits; they’re deep-rooted default programs born from early life experiences. Let’s explore what these hamster wheels are, how they shape us, and most importantly, how we can step off them for good.

What Are Hamster Wheels? \ \ The term #hamsterwheels ( hamstr) is a metaphor for the unconscious patterns that keep us stuck. I discovered these wheels through my own introspection & seeing these patterns in my clients. Imagine a wheel turning endlessly, powered by our own efforts but leading nowhere. These programs are often formed in childhood, when trauma, disconnection, or unmet needs force us to develop defense mechanisms to survive. They worked back then, but now they just keep us spinning.

\ The Mechanics of a Hamster Wheel \ \ Every hamster wheel has two opposing forces—gain and loss, right and wrong, attention and neglect, let down & support & unable & able. We strive to stay on the “good” side: gaining approval, being right, or receiving attention. But inevitably, the wheel flips, and we find ourselves losing, being wrong, or feeling ignored. It’s a cruel cycle of frustration that feels impossible to escape. 
You will be positioned on the left side or right side when you look at the wheel. One is yin dominant, non doing, unable, more of a victim. One is Yang, always doing, high achiever, seen as a winner. 

\ \ Left side is safe in the unableness so will self sacrifice when they are to feel able to& start to achieve. So as they climb up the wheel to the right, they will lose interest or confidence in what they are doing, either sliding back exhausted in their endeavour or flipping over into victimhood. They long to be confident & win at life but deep down feel they cannot. 

\ \ Right sided dwellers have to be right, are constantly striving & hate (kryptonite) feeling unable. When they feel unable they will become enraged. They are compelled to gain valuableness in their own eyes and those of others. They are usually very difficult to work with as working with a therapist makes them feel unable. They will eventually put so much energy running up the right side that they will be flung backwards into usableness often times falling into deep depression (unableness) or even attracting illness. 

They always attract unableness & the left sided experiences to balance themselves out. 

The wheel always balances itself out. This is the way of the hamster wheel. 


\ \ Here’s the kicker: these wheels are powered by our deepest fears and insecurities. They keep us stuck not because we’re lazy or unmotivated, but because they’ve become our default way of operating, they are our automated defence systems.

\ Common Hamster Wheels \ \ There are five key hamster wheels that we all grapple with:

1. Gain/Loss: The endless chase for more—more success, more love, more recognition—followed by the crushing fear of losing it all.
2. Right/Wrong: The compulsion to always be right, which leads to the paralyzing fear of being wrong.
3. Attention/Neglect: Oscillating between craving attention and fearing rejection or neglect.
4. Able/Unable: Striving to prove we’re capable, only to feel crushed by moments of doubt or failure.
5. Support/Let Down: Giving endlessly to others for validation, but feeling betrayed or let down when it’s not reciprocated.

If you watch your thoughts closely you will see these programs or songs at the root of all your thoughts.

How Hamster Wheels Impact Your Life \ \ These patterns influence every aspect of our lives: our relationships, careers, and even our self-worth. They dictate how we act, how we think, and even how we feel. For example:

• The drive to gain approval often results in feeling unworthy.
• A relentless pursuit of success can spiral into burnout and self-criticism.
• Efforts to avoid neglect might lead to overcompensating and losing yourself in the process. And the hardest part? These wheels feel like home. They’re familiar, and stepping off them can feel terrifying.

They quite literally create your reality.

\ Breaking the Cycle The good news? You can break free. It’s not easy, but it’s possible. Here’s how:

1. Observe Without Judgment: Start by noticing your patterns. This is real #meditation What thoughts or actions are you repeating? Don’t judge yourself—just observe. Awareness is the first step to freedom.
2. Understand the Roots: These wheels didn’t come from nowhere. They’re the result of unmet needs or childhood traumas. By understanding their origins, you can begin to dismantle their power.
3. Reject External Solutions: No guru, book, or quick fix can save you. True freedom comes from within. The moment you stop looking for external validation, the wheel starts to lose its grip.

You must take full responsibility for everything in your life. Only you can do this proof of work.

\ Final Thoughts Hamster wheels aren’t your fault, but they are your responsibility. They’ve been running your life long enough. Isn’t it time to take back control? Imagine stepping off the wheel, feeling the ground beneath your feet for the first time. That’s where real freedom begins. So, what hamster wheel are you on? Are you ready to step off and embrace a life of clarity, peace, and purpose? The journey starts here, with a single step: observation. Everything else flows from there.

@ dd664d5e:5633d319

Christmas season hasn't actually started, yet, in Roman #Catholic Germany. We're in Advent until the evening of the 24th of December, at which point Christmas begins (with the Nativity, at Vespers), and continues on for 40 days until Mariä Lichtmess (Presentation of Christ in the temple) on February 2nd.

It's 40 days because that's how long the post-partum isolation is, before women were allowed back into the temple (after a ritual cleansing).

That is the day when we put away all of the Christmas decorations and bless the candles, for the next year. (Hence, the British name "Candlemas".) It used to also be when household staff would get paid their cash wages and could change employer. And it is the day precisely in the middle of winter.

Between Christmas Eve and Candlemas are many celebrations, concluding with the Twelfth Night called Epiphany or Theophany. This is the day some Orthodox celebrate Christ's baptism, so traditions rotate around blessing of waters.

The Monday after Epiphany was the start of the farming season, in England, so that Sunday all of the ploughs were blessed, but the practice has largely died out.

Our local tradition is for the altar servers to dress as the wise men and go door-to-door, carrying their star and looking for the Baby Jesus, who is rumored to be lying in a manger.

They collect cash gifts and chocolates, along the way, and leave the generous their powerful blessing, written over the door. The famous 20 * C + M + B * 25 blessing means "Christus mansionem benedicat" (Christ, bless this house), or "Caspar, Melchior, Balthasar" (the names of the three kings), depending upon who you ask.

They offer the cash to the Baby Jesus (once they find him in the church's Nativity scene), but eat the sweets, themselves. It is one of the biggest donation-collections in the world, called the "Sternsinger" (star singers). The money goes from the German children, to help children elsewhere, and they collect around €45 million in cash and coins, every year.

As an interesting aside:

The American "groundhog day", derives from one of the old farmers' sayings about Candlemas, brought over by the Pennsylvania Dutch. It says, that if the badger comes out of his hole and sees his shadow, then it'll remain cold for 4 more weeks. When they moved to the USA, they didn't have any badgers around, so they switched to groundhogs, as they also hibernate in winter.

@ f4d89779:2b522db9

In the game of Ultimate Frisbee, there is a beloved phrase that captures one of the best aspects of playing. Ultimate is about decision making. It is played on a rectangular field with seven players on each side. Much like football, the object of the game is to score with a throw into the end zone.

To "HUCK", means to launch the disc down field in the hopes of scoring. You can probably guess what the "OR YOU'RE NOTHING" means but the spirit of it is that when the opportunity comes ...

PUT THE DISC IN THE AIR

https://i.nostr.build/XyTpXdNOSpv5f8ZZ.jpg

Sorry, I had to channel my inner ODELL there for a second. These are all caps kind of moments. Time feels like it stops, the disc floats in the air, the receiver and defender are sprinting all out, you can hear the collective breath of anticipation from the audience and then you score. If you're good that is.

You know what? You and I are civilized people, we use the NOSTR, so I won't limit myself to just words. Here are some of those moments:

https://v.nostr.build/zav5o04BK97FiNAt.mp4

During the course of play, teams get into a formation with a couple of the players doing the majority of the disc throwing. These players are called handlers. They handle the disc, they have the responsibility of moving the disc downfield, and handle most of the decision making.

A good handler develops a sort of instinct for each of their receivers, can guess the capabilities of each defender, and knows himself well enough to know if he has the throw. They know who is good and reliable at short cuts. They know who has the top end speed to throw a long floating pass into the end zone. With each play they are judging all of the moving objects on the field and deciding on real time risk of each throw and where things will lead.

Mistakes lead to turnovers and turnovers, like in many other sports, are death.

Hopefully, you start to see how ultimate relates to life and Bitcoin. Life is a field and you have defenders and you have receivers. It is your disc and the decisions you make have a huge impact on whether you win or lose.

Knowingly or not, you saw Bitcoin as a potential receiver and Governments, academics, shitcoiners, as defenders. In some ways those around you were also defenders. They whispered, or maybe still whisper the risk and probability of failure in your ear. Their fear weighed against what you know.

With the btc/usd exchange rate at $94k, and companies fighting over the best ways to get sats I think we can say that you did not get lucky. They called you crazy, they said that throw won't work, they said your receiver sucked but you knew better.

You saw that receiver leaving every defender in the dust and you HUCKED it and you are certainly not NOTHING.

@ 65912a7a:5dc638bf

Chef's notes

This is my late partner's award winning Cajun rice & beans recipe. It's an updated take on the traditional Cajun comfort food.

Chef Darin was a classically trained chef who spent 30+ years in the kitchen perfecting his recipes, and delivering authentic Cajun and Creole food to his patrons. This is a 5-star dish that will earn the respect of the most discerning Cajun afficionado. You won't be disappointed.

I suggest making this recipe exactly as directed the first time, and then make whatever adjustments you want for future batches. Also, don't cheap out on the Andouille. No Johnsonville or Hillshire Farms. Chef Aidelle's is a good choice, as is Silva's from Whole Foods. They cost a few extra bucks, but it's absolutely worth it.

Details

• ⏲️ Prep time: 30 min
• 🍳 Cook time: 3 hours
• 🍽️ Servings: 12

Ingredients

• 16oz small red beans, dry
• 2 cups long grain white rice
• 14-16oz andouille sausage, sliced
• 8oz ham, cubed
• 1 large yellow onion, chopped
• 1 green bell pepper, chopped
• 2-3 stalks celery, chopped
• 2 tbsp garlic (12 cloves), minced
• 7 cups water
• ¼ cup olive oil
• 2 large bay leaves
• 1 tbsp parsley, dried
• 1 tsp thyme, dried
• 1 tsp Cajun seasoning
• ½ tsp cayenne pepper, dried
• ¼ tsp sage, rubbed
• 1½ tsp salt (more or less to taste)

Directions

1. Soak beans in a large pot of water overnight.
2. Heat oil in a large stockpot over medium heat. Cook onion, bell pepper, celery, garlic in olive oil for 3 to 4 minutes (until onion is translucent).
3. Add beans, bay leaves, parsley, thyme, salt, MSG, Cajun seasoning, cayenne pepper, Sage, and water. Stir, bring to a boil, and then reduce heat to medium-low (btwn 2-3). Cover and simmer for 2½ hours.
4. Remove bay leaves. Mash some of the beans. Stir Andouille and ham into beans, and simmer uncovered for an additional 30 minutes.
5. Meanwhile, prepare the rice. Bring water and rice to a boil in a saucepan. Reduce heat, cover, and simmer for 20 minutes.
6. Serve beans over steamed white rice.

@ b2caa9b3:9eab0fb5

Yesterday evening, I found myself enjoying a late dinner at the Hostel Bar, followed by diving deeper into exploring a nostr client called Primal. While it promises a partial solution to the issues I’ve been facing with the Alby Custodial Wallet, it’s still not perfect. There are features I’d like to see that are missing, and uploading images — like the ones I’m working on now in a café at the foot of Kilimanjaro — remains a challenge. Primal’s Prime Account is an option, but it doesn’t align with my current needs. If I could generate enough income over nostr to cover itself, I’d consider it, but for now, my search for a solution continues.

This morning, I decided to try a new café, someone recommended to me recently. The ambiance is lovely, and it has a great vibe, though a bit on the pricey side. The cappuccino was delightful, and its proximity to my hostel makes it a convenient spot. I might return, but I’m also intrigued by another recommendation: Aroma Coffee. The name reminds me of Aroma Kava in Ukraine, which I loved. I’ll have to visit it soon and see how it compares.

For today, my plans are simple. I aim to download videos from one cloud storage and transfer them to WeVideo for editing. My video projects have been on my mind, and I’m eager to keep making progress. Additionally, I’m experimenting with setting up VS Code for LaTeX. Currently, I’m drafting this blog post in VS Code using Markdown, but I’ve been inspired to explore LaTeX after reading an article about it. It’s been a while since I used Kile for LaTeX editing, so this will be a relearning experience. My goal is to make VS Code as versatile as possible for my creative and technical needs.

Looking ahead, I’m starting to think about my travel plans for 2025. At the beginning of the year, I’d like to explore new cities, perhaps visit Victoria Falls in Zambia, or even check out Uganda and the Nile’s source. However, I know I’ll eventually loop back to East Africa, with plans to end up in Mombasa. A flight to Germany crossed my mind, but my budget is too tight for that at the moment. Hopefully, in the next couple of days, I’ll have more clarity about my next steps. For now, I need to extend my stay at the hostel, pay my rent, and finalize my plans.

Moshi has been a delightful place to stay. It’s undeniably more picturesque than Kilifi, though each has its charm. While Kilifi boasts beaches, Moshi offers the majestic Kilimanjaro and a plethora of beautiful cafés and restaurants. The streets here are livelier, with newer cars and more spots to relax and soak in the atmosphere.

Unfortunately, I’m temporarily barred from entering Kenya. The border officer informed me that my frequent entries and exits have triggered restrictions. After some time, this should reset, and I’ll be able to return to explore the places I’ve missed.

Speaking of Kenya, I have to mention a surprising development from my time in Kilifi — my psoriasis disappeared. I attribute this to the consistent warm climate, the salty ocean air, and year-round sunshine. I’m optimistic that staying in a warm environment for the next couple of years will keep it away permanently.

Before leaving Moshi, I plan to buy a multipurpose sheet that I can use as a wrap or towel. It fits perfectly with my minimalist lifestyle. I’ve also been contemplating replacing my worn-out T-shirts with something new. While they’re still functional, they’ve seen better days.

I’ll wrap up this post here and wish everyone a beautiful Sunday. Stay tuned for more updates and photos from my day — including snapshots of the café and my walk there. Until next time!

@ e83b66a8:b0526c2b

I watched Tucker Carlson interview Roger Ver last night.

I know we have our differences with Roger, and he has some less than pleasant personality traits, but he is facing 109 years in jail for tax evasion. While the charges may be technically correct, he should be able to pay the taxes and a fine and walk free. Even if we accept he did wrong, a minor prison term such as 6 months to 2 years would be appropriate in this case.

We all know the severe penalty is an over reach by US authorities looking to make the whole crypto community scared about using any form of crypto as money.

The US and many governments know they have lost the battle of Bitcoin as a hard asset, but this happened as a result of the Nash equilibrium, whereby you are forced to play a game that doesn’t benefit you, because not playing that game disadvantages you further. I.e. Governments loose control of the asset, but that asset is able to shore up their balance sheet and prevent your economy from failing (potentially).

The war against Bitcoin (and other cryptos) as a currency, whereby you can use your Bitcoin to buy anything anywhere from a pint of milk in the local shop, to a house or car and everything in-between is a distant goal and one that is happening slowly. But it is happening and these are the new battle lines.

Part of that battle is self custody, part is tax and part are the money transmitting laws.

Roger’s case is also being used as a weapon of fear.

I don’t hate Roger, the problem I have with Bitcoin cash is that you cannot run a full node from your home and if you can’t do this, it is left to large corporations to run the blockchain. Large corporations are much easier to control and coerce than thousands, perhaps millions of individuals. Just as China banned Bitcoin mining, so in this scenario it would be possible for governments to ban full nodes and enforce that ban by shutting down companies that attempted to do so.

Also, if a currency like Bitcoin cash scaled to Visa size, then Bitcoin Cash the company would become the new Visa / Mastercard and only the technology would change. However, even Visa and Mastercard don’t keep transaction logs for years, that would require enormous amount of storage and have little benefit. Nobody needs a global ledger that keeps a record of every coffee purchased in every coffee shop since the beginning of blockchain time.

This is why Bitcoin with a layer 2 payment system like Lightning is a better proposition than large blockchain cryptos. Once a payment channel is closed, the transactions are forgotten in the same way Visa and Mastercard only keep a transaction history for 1 or 2 years.

This continues to allow the freedom for anybody, anywhere to verify the money they hold and the transactions they perform along with everybody else. We have consensus by verification.

@ a367f9eb:0633efea

I’ll admit that I was wrong about Bitcoin. Perhaps in 2013. Definitely 2017. Probably in 2018-2019. And maybe even today.

Being wrong about Bitcoin is part of finally understanding it. It will test you, make you question everything, and in the words of BTC educator and privacy advocate Matt Odell, “Bitcoin will humble you”.

I’ve had my own stumbles on the way.

In a very public fashion in 2017, after years of using Bitcoin, trying to start a company with it, using it as my primary exchange vehicle between currencies, and generally being annoying about it at parties, I let out the bear.

In an article published in my own literary magazine Devolution Review in September 2017, I had a breaking point. The article was titled “Going Bearish on Bitcoin: Cryptocurrencies are the tulip mania of the 21st century”.

It was later republished in Huffington Post and across dozens of financial and crypto blogs at the time with another, more appropriate title: “Bitcoin Has Become About The Payday, Not Its Potential”.

As I laid out, my newfound bearishness had little to do with the technology itself or the promise of Bitcoin, and more to do with the cynical industry forming around it:

In the beginning, Bitcoin was something of a revolution to me. The digital currency represented everything from my rebellious youth.

It was a decentralized, denationalized, and digital currency operating outside the traditional banking and governmental system. It used tools of cryptography and connected buyers and sellers across national borders at minimal transaction costs.

…

The 21st-century version (of Tulip mania) has welcomed a plethora of slick consultants, hazy schemes dressed up as investor possibilities, and too much wishy-washy language for anything to really make sense to anyone who wants to use a digital currency to make purchases.

While I called out Bitcoin by name at the time, on reflection, I was really talking about the ICO craze, the wishy-washy consultants, and the altcoin ponzis.

What I was articulating — without knowing it — was the frame of NgU, or “numbers go up”. Rather than advocating for Bitcoin because of its uncensorability, proof-of-work, or immutability, the common mentality among newbies and the dollar-obsessed was that Bitcoin mattered because its price was a rocket ship.

And because Bitcoin was gaining in price, affinity tokens and projects that were imperfect forks of Bitcoin took off as well.

The price alone — rather than its qualities — were the reasons why you’d hear Uber drivers, finance bros, or your gym buddy mention Bitcoin. As someone who came to Bitcoin for philosophical reasons, that just sat wrong with me.

Maybe I had too many projects thrown in my face, or maybe I was too frustrated with the UX of Bitcoin apps and sites at the time. No matter what, I’ve since learned something.

I was at least somewhat wrong.

My own journey began in early 2011. One of my favorite radio programs, Free Talk Live, began interviewing guests and having discussions on the potential of Bitcoin. They tied it directly to a libertarian vision of the world: free markets, free people, and free banking. That was me, and I was in. Bitcoin was at about $5 back then (NgU).

I followed every article I could, talked about it with guests on my college radio show, and became a devoted redditor on r/Bitcoin. At that time, at least to my knowledge, there was no possible way to buy Bitcoin where I was living. Very weak.

I was probably wrong. And very wrong for not trying to acquire by mining or otherwise.

The next year, after moving to Florida, Bitcoin was a heavy topic with a friend of mine who shared the same vision (and still does, according to the Celsius bankruptcy documents). We talked about it with passionate leftists at Occupy Tampa in 2012, all the while trying to explain the ills of Keynesian central banking, and figuring out how to use Coinbase.

I began writing more about Bitcoin in 2013, writing a guide on “How to Avoid Bank Fees Using Bitcoin,” discussing its potential legalization in Germany, and interviewing Jeremy Hansen, one of the first political candidates in the U.S. to accept Bitcoin donations.

Even up until that point, I thought Bitcoin was an interesting protocol for sending and receiving money quickly, and converting it into fiat. The global connectedness of it, plus this cypherpunk mentality divorced from government control was both useful and attractive. I thought it was the perfect go-between.

But I was wrong.

When I gave my first public speech on Bitcoin in Vienna, Austria in December 2013, I had grown obsessed with Bitcoin’s adoption on dark net markets like Silk Road.

My theory, at the time, was the number and price were irrelevant. The tech was interesting, and a novel attempt. It was unlike anything before. But what was happening on the dark net markets, which I viewed as the true free market powered by Bitcoin, was even more interesting. I thought these markets would grow exponentially and anonymous commerce via BTC would become the norm.

While the price was irrelevant, it was all about buying and selling goods without permission or license.

Now I understand I was wrong.

Just because Bitcoin was this revolutionary technology that embraced pseudonymity did not mean that all commerce would decentralize as well. It did not mean that anonymous markets were intended to be the most powerful layer in the Bitcoin stack.

What I did not even anticipate is something articulated very well by noted Bitcoin OG Pierre Rochard: Bitcoin as a savings technology.

The ability to maintain long-term savings, practice self-discipline while stacking stats, and embrace a low-time preference was just not something on the mind of the Bitcoiners I knew at the time.

Perhaps I was reading into the hype while outwardly opposing it. Or perhaps I wasn’t humble enough to understand the true value proposition that many of us have learned years later.

In the years that followed, I bought and sold more times than I can count, and I did everything to integrate it into passion projects. I tried to set up a company using Bitcoin while at my university in Prague.

My business model depended on university students being technologically advanced enough to have a mobile wallet, own their keys, and be able to make transactions on a consistent basis. Even though I was surrounded by philosophically aligned people, those who would advance that to actually put Bitcoin into practice were sparse.

This is what led me to proclaim that “Technological Literacy is Doomed” in 2016.

And I was wrong again.

Indeed, since that time, the UX of Bitcoin-only applications, wallets, and supporting tech has vastly improved and onboarded millions more people than anyone thought possible. The entrepreneurship, coding excellence, and vision offered by Bitcoiners of all stripes have renewed a sense in me that this project is something built for us all — friends and enemies alike.

While many of us were likely distracted by flashy and pumpy altcoins over the years (me too, champs), most of us have returned to the Bitcoin stable.

Fast forward to today, there are entire ecosystems of creators, activists, and developers who are wholly reliant on the magic of Bitcoin’s protocol for their life and livelihood. The options are endless. The FUD is still present, but real proof of work stands powerfully against those forces.

In addition, there are now dozens of ways to use Bitcoin privately — still without custodians or intermediaries — that make it one of the most important assets for global humanity, especially in dictatorships.

This is all toward a positive arc of innovation, freedom, and pure independence. Did I see that coming? Absolutely not.

Of course, there are probably other shots you’ve missed on Bitcoin. Price predictions (ouch), the short-term inflation hedge, or the amount of institutional investment. While all of these may be erroneous predictions in the short term, we have to realize that Bitcoin is a long arc. It will outlive all of us on the planet, and it will continue in its present form for the next generation.

Being wrong about the evolution of Bitcoin is no fault, and is indeed part of the learning curve to finally understanding it all.

When your family or friends ask you about Bitcoin after your endless sessions explaining market dynamics, nodes, how mining works, and the genius of cryptographic signatures, try to accept that there is still so much we have to learn about this decentralized digital cash.

There are still some things you’ve gotten wrong about Bitcoin, and plenty more you’ll underestimate or get wrong in the future. That’s what makes it a beautiful journey. It’s a long road, but one that remains worth it.

@ 8fb140b4:f948000c

After nuking my second LND node (the first one died due to hardware failure) by my own typo and lack of any thought in the design of the CLI of LND lightning node tools, I decided to take a plunge into the world of mature and complex implementation of the protocol, Eclair by ACINQ. It has been almost one year (the birth of the node was on Christmas Day 2023), 50 thousand transactions routed, and over 30 BTC of routed value. In this post, I'd like to reflect on my experiences with Eclair, go over some of the gotchas and issues, and highlight some of the good choices that I've made since the beginning of my adventure.

Learnings from the Past Experience

While I was learning Lightning network and had very little understanding of how things worked in the whole Bitcoin space, Umbrel was my go-to solution that helped me get off the ground. It proved to be easy and somewhat educational but was not something that I would continuously run for the production setup or trust with any significant amount of bitcoin that I could not afford to lose. Lightning is built on top of the L1 (Bitcoin) network but manages the state of the channels in its own database that is negotiated and agreed upon with its peers. Any failures in the state integrity may result in the complete loss of liquidity or hefty penalty transactions (significant loss of capital). A Lightning node that participates in routing public transactions is also required to be constantly online with as little downtime as possible and only short periods offline at a time. Otherwise, you may risk causing force-closure of the channel due to expired HTLC that is measured in number of blocks.

The Setup

Taking all of my learnings into consideration, I decided to first invest in reliable enterprise-grade hardware: - Server-grade hardware with ECC memory and reliable power supply and CPU - UPS (Uninterruptible Power Supply) to avoid any headaches due to electrical spikes or drop-outs - Reliable enterprise SSDs and NVMEs - ZFS (filesystem) to mirror the critical storage and to ensure full integrity of the data (bit-rot prevention). You do need to tune ZFS for your specific workload and reliability - Reliable and replicated database (PostgreSQL) with two local and one remote replica, and a requirement to have at least two replicas committing the transaction to the disk - Backup! On-site and off-site backup of the critical configuration that you could use to restore the node if your house burns down - Spare parts, redundancy, backup, monitoring - Reliable and stable internet connectivity

The software is Eclair 0.11.0 (latest release as of today), PostgreSQL 16 with two replicas, Bitcoin Core 27.2 (with redundant storage of blocks), additional Bitcoin Core running on a separate node and in-sync with the chain (in case primary node fails), Ubuntu 22.04 with the latest docker software from the official Docker repo.

All Major Gotchas That I Came Across

While Eclair is mature and very stable in itself, it does have some quirks and design choices that you need to account for when running your node. The software is written in Scala and requires a specific version of JVM to run it, as well as JRE and Maven to build it. It doesn't mean that other versions won't work, but you may find unpleasant bugs that may result in catastrophic failures of your node with nobody to help you. All of the requirements are listed in the release notes and installation guide. Whenever in doubt, RTFM first, then ask questions.

Limited Support by the FOSS Community

Eclair is not the most popular implementation of the Lightning protocol, and therefore it is hard to find tools or plugins that could help you manage the node. GUI for the node so far is only supported by RTL and with a very limited number of features. For any sort of statistics, you are limited to either Prometheus (extensive metrics are available) or writing your own SQL on top of the Eclair tables.

On-chain Fee Differences Between Yours and Partner Nodes

This one hit me hard, and many times. I've had more than a few force-closures of the channels because of the conservative and safe default settings. The worst part is, it strikes you when there is a huge spike in fees, which results in significant losses to force-close the channel due to high fees. I am still not 100% sure how the big difference can be exploited in practice, and opted for increase of the tolerance levels to avoid surprise FCs: eclair.on-chain-fees { feerate-tolerance { ratio-low = <0.01~> // will allow remote fee rates as low as XX our local feerate (spikes) ratio-high = <20.0~> // will allow remote fee rates as high as XX times our local feerate (drops) } } It is up to you and your risk tolerance to define something reasonable and yet allow for secure and reliable node operation.

Initial Lightning Network State Sync

When I just started running the node, I had very few channels and startup times were fast. Later, when I expanded the number of channels, I noted that it took my node up to 6-12 hours before it was fully in-sync and routing traffic fast. Given that ACINQ maintains one of the largest nodes on the network, I knew that there was something with my settings that caused the issue. After some research, I came across the setting that whitelisted node IDs for state sync, which immediately rang a bell since I knew from the LND days that not all peer nodes are used for the network sync. Setting the list to my most reliable and largest nodes reduced the startup settling times down to minutes again: eclair.sync-whitelist = [ "03864ef025fde8fb587d989186ce6a4a186895ee44a926bfc370e2c366597a3f8f", ... ] You do not need to have too many public keys in here, and should keep it between 5-10.

Automatic MAX HTLC Adjustment for the Channel

One of the killer features of Eclair is its ability to automatically adjust MAX HTLC for the channel and reduce the number of failed transactions due to insufficient liquidity on the channel. It can be used to estimate your total channels' balances but with smart configuration and a little thinking, you can make it reasonably private while still maintaining a good transaction flow: eclair.channel.channel-update.min-time-between-updates=1 hour # Allows for the adjustments to be made once every hour eclair.channel.channel-update.balance-thresholds=[ { available-sat = 10000 max-htlc-sat = 0 // 0% of 10000 }, ... ] You can have as many variations as you need, and ensure that the channel MAX HTLC is set well and within reasonable ranges. You would also want to account for multiple transactions going through the channel, but also account for the channel size and an average amount of sats per transaction.

Max Accepted HTLCs

By design, the Lightning channel is limited to a specific number of in-flight HTLCs, and the setting is fixed during channel opening time with no way of changing it unless you close and reopen the channel with new settings. If you find your node routing a lot of small transactions (zaps), you may quickly fail many due to that limit (I think default was in single digit range): eclair.channel.max-htlc-value-in-flight-percent=98 # Default I think is half or 50% eclair.channel.max-accepted-htlcs = 50 The setting above will allow for the channel to be more fully utilized and have more concurrent transactions without clogging.

CLTV Delta

This is basically a setting that is global for Eclair and sets the maximum number of remaining blocks (in time) before HTLC expires. Setting this too high may result in many HTLCs failing for the small nodes with not so great centrality, and reduce the number of routed transactions: ```

CLTV delta

eclair.channel.expiry-delta-blocks = 60 ``` Default is 144 but I found that setting this to 60 (minimum possible for my node setup and configuration) yields better results for routing. It does expose you to more risk of expired HTLCs that may cause force-closures, but I have seen only one so far on my node.

Allocate Sufficient Memory

You will want to adjust the heap size for Eclair, since the default is too small to run any sizable node. Setting JAVA_OPTS=-Xmx32g (or half the size of your available RAM) would be a good start. I would advise having at least 32GB of RAM for the node, and allocating at least 16GB (JAVA_OPTS=-Xmx16g) for smooth and fast operations.

And More Settings and Parameters to Tune

I have covered only some of the major settings that I felt were worth writing about, but there is much more you could configure and tweak. Read all of the Guides and especially focus on the Configure and a sample reference configuration file.

Good Decisions

First, going with Eclair was the right choice, along with using server-grade hardware with ECC RAM and reliable storage. Second, having a replicated database on three separate nodes with one off-site saved me from a sure destruction of all state and loss of funds. Third, deciding to only maintain channels with reliable and stable nodes saved me from some bad force-closures, where I would choose to close the channel if a peer node goes up and down too frequently, regardless of how well it routes. Even big nodes run by single operators fail badly, as do nodes operated by companies. Keeping your eyes on the node and its health, as well as the health of its peers, is something that very few operators do, which can cause failures and unnecessary loss of your and their funds.

Lastly, if you decide to run a routing node, you have a responsibility to maintain it well and monitor its health. There are many tools you could use, and with Eclair you can use Prometheus and Grafana. Keep your node's packages updated and monitor for any security-related issues that may appear from time to time, so you can mitigate them quickly.

Conclusion

So far I am satisfied with Eclair despite all of the difficulties and headaches I've had with it. It is not perfect, and it requires me to create small tools to do some basic things, but I need a stable and reliable node that I can trust. Eclair has proved to be all that I wanted, and saved my bacon a few times when I nuked one of the PostgreSQL servers and all of its data, and managed to do the same for another replica, but was able to recover and recreate from the remaining replica. Eclair is also stateless during runtime and guarantees consistency of the node regardless of how it fails. Even if you pull a plug on the node's server, it will still be able to come up and recover its consistent state that is in agreement with its peers.

Is it for everyone? No, it is definitely not for everyone or for anyone who just wants a small node to run their online shop with a few channels. You could have a very reliable and trusted node for the online shop with Eclair, but you will need some technical skills to be able to set up, maintain and recover it if things go wrong.

In the end, it is all up to you, your skills, your willingness to learn, and your risk tolerance to make that decision. For me, it was the right choice, and I have no regrets despite not having access to the latest shiny features of the Lightning network.

@ dd664d5e:5633d319

Yeah, so... nah.

People keep trying to explain to me, that women will be better-off, if they become more dangerous. While I can see the inevitableness of women living in remote rural areas learning to shoot with a rifle, and similar, I'm generally against arming women with killing machines.

This is not because I'm averse to the idea of using violence to solve problems (albeit after exhausting better options), or because I don't like guns, or am unfamiliar with them. It's also not because I don't know I would look totally, mind-numbingly hot holding something long and spearlike, while dressed in camo and wearing a T-Shirt that appears to have shrunk in the wash.

It's a more fundamental set of problems, that irks me.

Bazooka Barbie

American gun manufacturers saturated the public and private male market so thoroughly, that they eventually turned to marketing firearms to women.

Men are scary and bad. There is Stranger Danger. We can't just make the neighborhood less dangerous because erm... reasons. Stay safe with a cute gun.

It has gone along with the predictable hypersexualization of the conservative feminine ideal. Since guns are considered aggressive, women with guns are perceived as more sexually available. Guns (and tanks, bombs, bows, etc.) make women "equal", "independent", "feisty", "hot", "freaky", "calculating", "empowered", etc.

Sorta slutty, basically.

This Gun Girl is not like the helpless, hapless, harmless homemaker ideal, of yesteryear. A woman who was dependent, chaste, gentle, wise... and in need of protection. A woman who saw the men around her as people she could rely on for providing her with a safe environment. That woman is au revoir. Now, sistas are doing it for themselves. 💪🏻

The New Martial Missy needs a man, like a fish needs a bicycle... but make it country.

Yeah, it's marketing, but it sure has set the tone, and millions of men have been trained to prefer women who market themselves in this manner. Hard, mean, lean women. That will not remain without wider societal consequences.

You know, I liked that homemaker. I miss her. She's literally me.

Those arms are for cuddling babies, not holding rocket launchers.

Now, that we've all become accustomed to imagery of women holding firearms, it wasn't much of a leap to condition us all to the sight of women in frontline police, guard, or military positions.

Instead of war being a terrible, highly-lethal, territorial fight amongst men, it's now cute, hip, trendy and fun. It's a big party, and women are finally allowed to join in.

Now, women have finally jettisoned the terrible burden of being society's life-bearers and caretakers, and we're just more potential enemy combatants. We know it's okay to punch women, shoot women, etc. since we've been watching it happen on screens, for decades. Women are now often assumed to be fighters, not lovers. Cavalry, not mothers.

Girls on top

Not only does this undermine any female role -- and put female civilians under a cloud of suspicion -- it also reduces mens' claim to be paramount in governance. Why should a man be the Commander in Chief, if women are on the battlefield?

In fact, why should men be in charge of anything, anywhere? Look at them. There they are. Hiding at home. Cowering in their kitchens, wringing their hands and fretting, while courageous, dangerous women protect them from dangers foreign and domestic. Women are the better men, really.

Is this really where we want to go?

The final bitterness

But one thing I find most disturbing is something more personal. The ubiquitous nature of firearms in American homes has made domestic violence increasingly deadly. Adding more guns, for the female residents, often serves to make such violence even more deadly for women.

It turns out, that women are usually reluctant to shoot people they know; even more than men. Women without this inhibition are prone to sharing their home with men missing the same trait. And, now, they have more guns.

@ 7ed7d5c3:6927e200

Shall I compare thee to a summer’s day?  Thou art more lovely and more temperate; Rough winds do shake the darling buds of May,  And summer’s lease hath all too short a date;

Sometime too hot the eye of heaven shines,

 And often is his gold complexion dimm’d;

And every fair from fair sometime declines,

 By chance or nature’s changing course untrimm’d;

``` But thy eternal summer shall not fade Nor lose possession of that fair thou owest; Nor shall Death brag thou wander’st in his shade, When in eternal lines to time thou growest;

So long as men can breathe or eyes can see, So long lives this and this gives life to thee. ```

@ 9cb3545c:2ff47bca

Hey there! So you’ve got a whopping 50+ Lightning Channels and you’re not keen on them Force Closing? Well, buckle up! This guide will be an additional resource as you navigate through daunting process.

In this post, we will go over some extra tips and tricks not covered in the official guide. While this guide does have some steps that are not covered by Umbrel, its main objective is to provide confidence in the process (not a replacement process), coming from someone who’s been there and done that, and some how came out with all Lightning Channels still running! I highly recommend reading this post fully before starting the migration process.

Before we dive in, here is the Official Guide from the Umbrel team on how to update UmbrelOS from 0.5.4 to 1.x.x. Reference the steps all the time, and follow them carefully.

With that out of the way. Here are some extra TIPs to fill in some gaps I encountered as I went through the process.

The Order of Steps

Tip #1:

In the Official Umbrel Guide, the Umbrel team asks you to start by backing up your data. As a lightning Node Runner, I recommend against this. Because the Bash script will stop all Umbrel Services and your node will remain offline while you prepare a Bootable USB Stick. So definitely don't start with the backup, first get the bootable stick sorted out, then move on to backups.

Creating the Bootable USB Stick

TIP #2:

After many failed attempts to create a bootable USB stick from the link umbrel provides in their official guide. I ended up getting the ISO directly from Umbrels team through their Discord Channel. Unfortunately, I wont be able to share this link here. but just in case the umbrelOS-amd64-usb-installer.iso.xz didnt work for you as well, this could be an alternative route.

TIP #3:

Since Umbrel is an actual full OS now. You might need to handle some BIOS quirks. The umbrelOS Kernal is not signed. So if you have Secure Boot turned on in the BIOS, your PC will try to protect you, and block you from booting into you USB Stick. Turn off Secure Boot and you should be able to bypass this issue. I also had to turn on Legacy Option ROMs as well.

Tip #4:

Test your Bootable USB Stick on a secondary device before you go on trying to update your node. Since turning the node off and on is a hassle, its just easier to be certain the the Bootable Stick is ready before even attempting to upgrade your node.

If all is good, you are ready to get back to the guide and walk through the steps.

Preparing the Hardware

Tip #5:

In the official guide they as you to connect a Keyboard and Screen. This is of course needed. I would highly suggest you connect a mouse as well. My Bios was very stubborn and didn't comply with just a keyboard as I attempted to re-order Boot Sequences.

The Migration Process

Tip #6:

Remember, this is 10 times easier if you are not running a lightning node, but on a lightning node, the Channel.db file is being updated constantly. Once you start the backup process, the script will shutdown umbrel services and start copying. you can''t turn your node back on after this stage. If you do, assume the backup you created through the Bash script is obsolete. and you will have to redo the backup process again. If you really know what you are doing, you probably can surgically copy/paste the LND folder. But its easier not to do this.

But not to worry, if you start the process just keep going (especially if you checked all the TIPs I cover above). I say this out of experience, because after I started the first backup process, it took me about an hour to backup my SSD, but then the Bootable USB stick threw so many errors I gave up, and turned on the node again. Then later re-attempted the process from scratch. This time, since my external SSD was already full, it took 3.5 hours to backup all the files again.

Tip #7:

This will take time, so just trust the migration process and wait for the files to get copied. you are probably copying more than a terabyte worth of data back and forth over USB, Leverage USB 3 if you have it.

Tip #8:

If you have a custom name for your umbrel node. Meaning you do not access it by using umbrel.local, this will be reset to the default umbrel.local after the migration. I am not sure if this could be switched again to a custom name, but for now, this won't cause any issues.

Tip #9:

During the last steps of the Migration process, and once Umbrel has copied the backup back into the SSD, it will finish the process with downloading your apps, and restarting. Don't freak out :D

Tip #10:

I honestly don't have a tenth tip, but thought it would make this list look nicer with one. So my last tip for you is to relax and enjoy the process. And feel free to tag me if you faced any issues. Hopefully it will be something i experienced and will be able to help.

Have Fun, and Good Luck!

@ df8f0a64:057d87a5

2024年下半期の振り返り

あんまり変化はないんですが、進捗ありません！で終わっても仕方ないのでちょっとは無理やりでも振り返りましょう

0. 退職した

上半期時点で決まってはいたんですが、　6年間ほど勤務した会社を退職しました

退職直前まで爆発物取扱みたいなタスクをこなして、なかなかひやひやした退職プロセス

静かに退職したいので送別会の類のイベントは無しにしてくれというお願いをきいてくれた各メンバーに感謝です

1. 公開していたNostrリレーの設定を変更した

日本のみに公開していたリレーを、全世界に公開しました

当初はCloudflareでリレーをホストしていたのが、利用していたnosflareもcfrelayもクライアントに対してイベントを配布するコードがなく（R2だけではできない）

さてどうしたものかと悩んでいたタイミングで、Umbrelのおひとり様リレーのポートを公開する対応をしました。リレーのお引越し

で、公開してしばらくしたら、すごい勢いで日本国外からの投稿が着信するようになり大困惑

調べてみたら、Mutiny wallet（現在はサービス終了）が運営しているblastr.mutinywallet.com（たぶんまだ稼働している）が原因でした

Nostr.watchのAPIを利用して、世の中にあるNostrリレーすべてにイベントを送り込む凶悪な思想犯です

ヘッダー情報などでブロックできなかったので、blastrがホストされてるCloudflareのIPを全てブロックする力技で対処しました

ちなみに、nosflareもいつのまにかblastrのようなものをホストしているようです

なんなんでしょうね、Nostrの白人さんたちの、過激なほど分散というか対検閲をしようとするお節介さは

2. 公開していたNostrリレーを潰した

上記のように折角いろいろやったリレーを潰しました

Reply guyというbotが猛威をふるった時期、クソみたいなイベントをばら撒かれてくることに私がキレたからです。クソが

NostrとしてはこれをきっかけにWoTを組み込んだリレーが開発されたりして、スパム対策が一歩前進した感があります。クソが

スパムばら撒きをBostrが助長してるみたいな批難を受けて、作者のYonleさんがブチ切れ、全Nostr関連リポジトリのメンテを放棄する事態も発生

ちょうどMutiny walletでGOXしたご本人の機嫌が悪かった時期に、クソスパムがぶつかったことによる悲しい出来事でした。ほんとクソ

3. おわりに

他にもこまいことはいくつかあるんですが、主にはこんなとこでしょうか。来年も楽しくNostrしたいですね

@ fd208ee8:0fd927c1

GitHub is a software project graveyard

I think the main reason why we have so many lone wolf devs is an economic one. The fact that most FOSS devs aren't being paid for their code is making this worse, not better, as they work for fame, not fortune.

Nobody wants to use joint-repos because they don't want to give up or share the property rights to the contents. But because anything someone else does in a repo you own, also belongs to you, people are disincentized from contributing to your repo.

GitHub, especially, has incentivized this splintering and isolation. Everyone wants to have all changes in their own repo because they can profit best on repos listed directly under their own name, so long as they become popular. Maximize your 🟩 and ⭐ , like chips you can cash in for a prize.

And because forking other people's repos is the norm, rather than teamwork, requests for changes are usually ignored or responded to with "fork it, bro." Go away. Leave me alone. My repo is none of your business.

Too autistic, even for me

So, the developers separate their efforts into a million tiny repos that are mostly redundant with other ones, there's little interaction, progress is often surprisingly slow and stalls for months at a time, it's hard to keep track of what other people are doing (so that you can review and test changes), most of the effort is headed straight for the bin, people build the same things over and over, and communication is extremely limited.

This is a work environment that is unattractive for anyone who isn't autistic and/or highly introverted. Half of the fun of open-source development used to be the esprit de corps. Much has been said about #Bluesky, but it all misses a major point: that's where you go, if you want to work with other people, to build something large, polished, and impressive. It doesn't actually matter how many developers Nostr has, if they all only stare at their own plates.

Your repo coulda been a file folder.

Ironically, git was developed for collaboration on large projects with a distributed team. Now, everyone uses it for projects they work on alone. They put those projects on the Internet to market them. It's a cheap gimmick, not an earnest attempt at collaboration. Collaboration begins at the beginning.

@ 65912a7a:5dc638bf

Details

• ⏲️ Prep time: 5 min
• 🍳 Cook time: 30 min
• 🍽️ Servings: 12

Ingredients

• 12-14oz fresh cranberries
• 1⅓ cup packed brown sugar
• 1 cup raisins
• 1 orange, peeled & chopped
• 1 cup water

Directions

1. Using medium sauce pan, simmer cranberries and water for 5-6 min. Cranberries will start to pop.
2. Add brown sugar, raisins, and chopped orange to the berries.
3. Bring to a simmer and continue to cook for 20 min. Stir often to prevent sticking. Remove from heat.
4. Let set until room temp. Mixture will thicken as it cools.
5. Put in a covered container and keep refrigerated. Lasts for about 2 weeks.

@ fd208ee8:0fd927c1

The motherhood illusion

Growing up, I was always told that women wanted children, whilst men wanted sex. So, marriage was created, to unite these two urges, and men and women don't otherwise particularly differ. But, it turns out, that women want protection and sex, and men want children and sex.

This is why women tend to be attracted to more masculine men (they're associated with protection) and men tend to be attracted to more feminine women (they're associated with motherhood). Women who are attracted to men, who aren't overtly masculine, are looking for a different aspect of protection (reliability, steady income or wealth, emotional security, etc.)

This wasn't readily apparent, in earlier generations, as widespread, youthful marriage meant that there weren't any real decisions being made by the participants. Almost all women got married and had kids, and almost all men got married and had sex. Math checks out. But the number of women who could protect and provide for themselves was low, and the men marrying were often very young and libidinous, and not yet contemplating their own legacy.

Feminism, easy abortion, deindustrialization, delayed marriage, and reliable contraception have dissolved this illusion, completely. Millions of Western women quickly turned into cougars, careerists, party girls, and e-girls, and an entire army of childless men and sidelined dads bubbled up and began to make their pain known. Humanity's dirty underbelly has been exposed.

Women aren't as sweet, as we thought, and men are much sweeter.

Women also want children, but not as intensely. In fact, they seem to often viscerally dislike children, and are jealous of the protection they are to give them. So, they are prone to offing their offspring because they are averse to having any in-house competition.

If you just left women up to their own devices and reduced the social pressure, at least a fifth of them wouldn't bother having children, at all, and another quarter will have one and then lose interest or age out. This is not a new phenomenon, as we can see.

The male competition for potential mothers turns out to be absolutely brutal, and more difficult than simply finding a woman to sleep with. And, now, we finally understand why men traditionally jumped through so many hoops, to attain a wife. It wasn't for the sex; we've always had brothels, masturbation, and pornography. It was for the familial comfort, and, especially, for the children.

Good fathers make good mothers

Some women don't know if they are "potential mothers", until they meet a "potential father", and their urge to procreate suddenly kicks in. They didn't want children for their own sake, but now they want some for his sake. All of a sudden, they're imagining themselves rocking the cradle, googling "what to eat, when you're expecting", and find themselves gushing over anything that gives off Hint of Infant.

I'm pregnant! Look what I can do! Look what I can do! For you, darling.

Women married to men they are deeply in love with, are much more likely to desire to become mothers (and be devastated by infertility), and make for better mothers, because children are like individualized presents they can give to their husband.

They want to impress him. Most want to be decent parents in their own right, but the urge to impress seems to raise this to a much higher level because women are vain, and therefore focused on raising their own status and how they appear to others. And the greatest "other", of a happy wife, is her husband.

Because men are narcissistic, and therefore in love with anything associated with themselves (which underpins their obsession with owning property), men have an intense attachment to their children. What is more "yours", than your progeny?

Fathers seem to develop a special attachment to, or fondness for, the mothers of their children, that goes beyond lust or romantic love; they never forgot who gave them this new Mini Me. And they are often quite impressed by their own ability to perform this trick numerous times, which leads to the intense satisfaction they feel at "going into serial production" and churning out more of those Mini Mes until their adoring wife pleads for mercy.

Men want children. Women, who love a man, want to give him those children and gain the fidelity that comes along with those children. This is the actual "trade" underpinning the urge to marry.

@ ddf03aca:5cb3bbbe

Recently, I have been surrounded by people experimenting with various projects, and a common theme among them is the use of cashu as the payment layer. While this fact alone is already great, the best part is to identify users and implementers needs and combining forces to come up with novel solutions.

---

Subscriptions with Cashu

One of the most remarkable aspects of cashu is that it is a bearer asset. This hands ownership and control back to the user. Even though mints back the tokens, they have no authority to move a token on behalf of a user or any other party. How cool is that?

However, this also introduces challenges when building subscription-based services. Subscriptions typically require periodic payments, and with cashu, users must renew these manually. Currently, there are two primary approaches to address this:

1. Overpaying:
   To minimize the number of interactions, users can pay for longer periods upfront. For example, instead of paying 2,100 sats for one hour, they could pay 6,000 sats for three hours. If they realize they don’t need the full three hours, the excess payment is effectively wasted.

2. Full Interactivity:
   In this setup, payers and receivers stay connected through a communication channel, and payments are made at small, regular intervals. While this avoids overpayment, it requires constant connectivity. If the connection is lost, the subscription ends.

---

Enter Locking Scripts

One of the most powerful features of cashu is its locking scripts. Let’s take a quick refresher. A locking script defines the conditions under which a token (or "nut") becomes spendable. In essence, it’s similar to Bitcoin’s spending conditions, but instead of being enforced by the Bitcoin network, these conditions are enforced by the cashu mint alone.

A widely-used locking condition is Pay-to-Public-Key (P2PK). This locks a token to a specific public key, meaning it can only be spent when a valid signature from the key’s owner is provided. This mechanism is what enables NIP-61 nut zaps, where a token can be publicly shared but is only claimable by the intended recipient who holds the private key.

To address situations where a recipient loses access to their keys or simply doesn’t claim the token, P2PK includes additional options: locktime and a refund key. These options allow for the inclusion of a fallback mechanism. If the primary lock expires after a set time, a refund key can reclaim the token.

With these tools, we can now create non-interactive payment streams!

---

One Missing Piece…

Before diving into payment streams, there’s one more crucial concept to cover: cashu tokens are not singular "things". Instead, they’re composed of multiple proofs, each carrying its own cryptographic data and spendability. For example, if you receive a cashu token made up of five proofs, you could choose to claim only three proofs and leave the other two untouched. This flexibility is rarely utilized but is vital for building payment streams.

---

The Grand Finale: Payment Streams

Now that we have all the building blocks, let’s construct a payment stream using cashu. By leveraging locking scripts, refund keys, and multiple proofs, we can design a token that enables recipients to claim small portions of the total amount at regular intervals—without requiring any further interaction from the sender.

Even better, as the sender, you retain the ability to cancel the stream at any time and reclaim any unspent portions.

Example: Renting a VPS

Imagine renting a VPS for a week, priced at 1,000 sats per day. Here’s how a payment stream could work:

1. Construct a token worth 7,000 sats to cover the entire week.
2. Divide the token into 7 proofs, each worth 1,000 sats.
3. Lock each proof using a P2PK script, locking to your key and adding the recipients key as a refund key.
4. The first proof has a locktime of now.
5. The second proof has a locktime of now + 1 day.
6. The third proof has a locktime of now + 2 days, and so on.

When the token is sent, the receiver can immediately claim the first proof since its locktime has expired and the refund key is now able to claim. The second proof becomes claimable after one day, the third after two days, and so on.

At the same time, the sender retains the ability to reclaim any unclaimed proofs by signing with their key. If you decide to stop using the VPS midweek, you can cancel the stream and reclaim the remaining proofs; all without further interaction with the receiver.

---

With this approach, we can create robust, non-interactive payment streams that combine the autonomy of cashu with the flexibility to reclaim funds.

Thank you for reading. Make sure to leave a nut if you enjoyed this :)

@ 01d0bbf9:91130d4c

The Bitcoin community thrives on open-source innovation, but Coinkite’s move against BTClock risks stifling progress and alienating its core supporters.

Open-source projects like BTClock typically aim to promote innovation and accessibility within the Bitcoin community. Suing the programmer for trademark infringement seems like an overly aggressive move by Coinkite, given the values that Bitcoin and its ecosystem often stand for: decentralization, collaboration, and open innovation.

Why It’s Problematic:

1. Chilling Effect on Open Source:

2. Actions like this discourage developers from creating alternative solutions or building on existing ideas, which stifles community-driven progress.

3. Open-source projects thrive on shared knowledge, and this lawsuit could set a precedent for others to clamp down on grassroots efforts.

4. Reputation Risk for Coinkite:

5. While Coinkite has long been respected for products like the Blockclock and Coldcard, this move could alienate its core audience—Bitcoiners who value freedom and decentralization.

6. By targeting an open-source developer, Coinkite risks being perceived as prioritizing profits over community principles.

7. Trademark Infringement Question:

8. If the issue is solely over the name "BTClock," a fair resolution could involve renaming the project rather than pursuing legal action.

9. Lawsuits should ideally be a last resort, not the first response.

A Better Approach:

• Coinkite could have worked with the BTClock developer to address concerns without legal action—perhaps through dialogue or collaboration.
• Open acknowledgment of BTClock’s differences (lower cost, open-source) would have shown confidence in their own premium product, while still respecting community-driven alternatives.

What NVK and Coinkite Should Do

Even now, NVK could mitigate the damage:

• Withdraw the Lawsuit: Openly acknowledge the backlash and frame it as a misunderstanding or a "necessary step" that they’re now reconsidering due to the community’s response.
• Collaborate with BTClock: Find a way to coexist, perhaps by licensing certain Blockclock-specific elements if truly necessary, while leaving room for BTClock’s open-source innovation.

@ acbcec47:dd305bec

Prepare starter

• 1 part starter (~30g)
• 2 parts wholemeal rye flour (~60g)
• 2 parts warm water (~60g)

Stir well, then leave to stand warm and covered until the volume has almost doubled.

Once the starter has doubled in volume and a light cap has formed, it can be used for the dough.

Ingredients

• Flour (2/3 550/1100 wheat flour, 1/3 997 rye flour) = 600g
• Water: 60% of the flour quantity = 360g warm water
• Starter: 20% of the flour quantity = 120g starter
• Salt: 3% of the flour = 18g

Put the rest of the starter (about 30g) back in the fridge for the next batch. Knead everything well for 5 minutes, then leave to stand warm and covered.

Fermenting

First fermenting phase in one piece until the volume has almost doubled.

Then divide into portions ...

Shape and leave to rise on the baking tray for 1-2 hours.

Baking

• Preheat oven to 230°C (450°F)
• Just before baking, cut in the top of the rolls with a razor blade, so that they can extend

• Bake for 20 min with steam/cover at 210°C (410°F)
• Then remove the steam/cover and bake another 15-20 min at 180°C (360°F)

Enjoy ...

@ 6389be64:ef439d32

Resilience is the ability to withstand shocks, adapt, and bounce back. It’s an essential quality in nature and in life. But what if we could take resilience a step further? What if, instead of merely surviving, a system could improve when faced with stress? This concept, known as anti-fragility, is not just theoretical—it’s practical. Combining two highly resilient natural tools, comfrey and biochar, reveals how we can create systems that thrive under pressure and grow stronger with each challenge.

Comfrey: Nature’s Champion of Resilience

Comfrey is a plant that refuses to fail. Once its deep roots take hold, it thrives in poor soils, withstands drought, and regenerates even after being cut down repeatedly. It’s a hardy survivor, but comfrey doesn’t just endure—it contributes. Known as a dynamic accumulator, it mines nutrients from deep within the earth and brings them to the surface, making them available for other plants.

Beyond its ecological role, comfrey has centuries of medicinal use, earning the nickname "knitbone." Its leaves can heal wounds and restore health, a perfect metaphor for resilience. But as impressive as comfrey is, its true potential is unlocked when paired with another resilient force: biochar.

Biochar: The Silent Powerhouse of Soil Regeneration

Biochar, a carbon-rich material made by burning organic matter in low-oxygen conditions, is a game-changer for soil health. Its unique porous structure retains water, holds nutrients, and provides a haven for beneficial microbes. Soil enriched with biochar becomes drought-resistant, nutrient-rich, and biologically active—qualities that scream resilience.

Historically, ancient civilizations in the Amazon used biochar to transform barren soils into fertile agricultural hubs. Known as terra preta, these soils remain productive centuries later, highlighting biochar’s remarkable staying power.

Yet, like comfrey, biochar’s potential is magnified when it’s part of a larger system.

The Synergy: Comfrey and Biochar Together

Resilience turns into anti-fragility when systems go beyond mere survival and start improving under stress. Combining comfrey and biochar achieves exactly that.

1. Nutrient Cycling and Retention\ Comfrey’s leaves, rich in nitrogen, potassium, and phosphorus, make an excellent mulch when cut and dropped onto the soil. However, these nutrients can wash away in heavy rains. Enter biochar. Its porous structure locks in the nutrients from comfrey, preventing runoff and keeping them available for plants. Together, they create a system that not only recycles nutrients but amplifies their effectiveness.

2. Water Management\ Biochar holds onto water making soil not just drought-resistant but actively water-efficient, improving over time with each rain and dry spell.

3. Microbial Ecosystems\ Comfrey enriches soil with organic matter, feeding microbial life. Biochar provides a home for these microbes, protecting them and creating a stable environment for them to multiply. Together, they build a thriving soil ecosystem that becomes more fertile and resilient with each passing season.

Resilient systems can withstand shocks, but anti-fragile systems actively use those shocks to grow stronger. Comfrey and biochar together form an anti-fragile system. Each addition of biochar enhances water and nutrient retention, while comfrey regenerates biomass and enriches the soil. Over time, the system becomes more productive, less dependent on external inputs, and better equipped to handle challenges.

This synergy demonstrates the power of designing systems that don’t just survive—they thrive.

Lessons Beyond the Soil

The partnership of comfrey and biochar offers a valuable lesson for our own lives. Resilience is an admirable trait, but anti-fragility takes us further. By combining complementary strengths and leveraging stress as an opportunity, we can create systems—whether in soil, business, or society—that improve under pressure.

Nature shows us that resilience isn’t the end goal. When we pair resilient tools like comfrey and biochar, we unlock a system that evolves, regenerates, and becomes anti-fragile. By designing with anti-fragility in mind, we don’t just bounce back, we bounce forward.

By designing with anti-fragility in mind, we don’t just bounce back, we bounce forward.

@ 79a7270b:d61d9067

This current year, 2024, has been the year of Bitcoin. Since the approval of Bitcoin ETFs, which established themselves as the fastest growing ETF of all time in terms of adoption, the digital currency has been pivotal talk in the media, Wall Street, and even in the US presidential election about a Bitcoin Strategic Reserve endorsed by president Donald Trump and the at the time independent candidate RFK Jr.

What is Bitcoin mining?

Bitcoin presents itself as a P2P payment systems solution, a truly decentralized open project of a monetary way of exchange with a fixed supply.

Like gold mining, for example, Bitcoins are mined through a PoW consensus mechanism that requires substantial computing power to settle a transaction (a block). Millions of machines worldwide use absurd amounts of energy to process enough power to solve cryptographic puzzles. Miners this way, receive in exchange for verifying a transaction, block subsides, miners fees, and the freshly mined bitcoin itself

The exact number of energy usage regarding mining operations is not clear, but it is clear that it consumes more electricity than most countries.

While its energy usage is undeniable, the high consumption is not a flaw but a deliberate design choice that ensures decentralization and security. Surprisingly, Bitcoin mining can be seen as an opportunity to support renewable energy growth, stabilize power grids, and reduce wasted energy

Empowering Developing Economies: Bitcoin Mining and the Stranded Energy Revolution

Bitcoin mining is evolving into a catalyst for renewable energy adoption and electrification in developing countries. In Africa, for example, around 600 million people, or approximately 43% of the total population, lack fundamental access to electricity, and these places are abundant in natural resources. However, there is no capital incentive to power these people and the existing mini-grids are dependent on philanthropy and concessional finance.

Bitcoin mining can provide electricity to people by making small-scale energy projects more financially viable. When companies like Gridless set up Bitcoin mining operations in places like Keyna and Malawi, they use excess or stranded energy that otherwise goes to waste because it isn't cost-effective to sell or distribute it to the national grid. The revenue from mining helps subsidize the installation of energy infrastructure.

Contrary to a lot of pre-existing beliefs, once this infrastructure is built, the local population benefits from the newly available electricity, often at a lower cost. This price reduction occurs because miners consistently demand otherwise wasted energy. By purchasing this surplus, they provide a steady revenue stream to the energy producers. This increased overall energy utilization allows providers to distribute their fixed costs over a larger volume of sold electricity, enabling them to lower prices for all consumers.

Miners, because are competing in a truly open market ( due to their decentralization), are constantly competing for the cheapest forms of energy to process blocks. This means that they thrive in areas like these by taking advantage of renewables, as much as any in another place when the generated energy is not being fully utilized.

Another type of stranded energy is the flared gas that comes with many types of petroleum deposits. If the quantity is low enough to not be economically justifiable to invest in pipelines to transfer this energy, it gets wasted into the atmosphere, mainly as methane and C02,  contributing to global greenhouse gases. That’s about 150 TWh of energy for the year, which is about the estimated total level of Bitcoin’s annualized energy usage in 2024.

Bitcoin miners can buy this energy, since it's cheap, reduces methane emissions, and generates economic activity from externalities that would be wasted. While using flared or vented gas reduces methane emissions and provides economic utility, it still results in CO2 emissions from combustion. Therefore, it's not a zero-emission solution but is an improvement over uncontrolled venting or flaring.

Demand response programs

Historically, energy supply adjusted to demand but with the growing adoption of electricity and rising concerns about the environmental impact and scarcity of fossil fuels, society is transitioning to renewable energy sources. This shift has created a mixed grid comprising both fossil fuels and renewable energy. However, the inherent instability of renewable energy results in fluctuating prices—from high costs during periods of scarcity to negative prices during times of abundance.

Maintaining grid stability necessitates a balance between demand and generation, with frequency serving as an indicator of this equilibrium. As renewable energy usage increases, the challenge lies in ensuring grid resilience and balance while accommodating the variability of renewable energy generation.

Demand response programs are commonly employed to address this issue by incentivizing certain grid participants to reduce electricity usage during periods of high demand, thereby maintaining a balanced and stable grid.

The problem is that few industries possess a large enough demand for electricity or the ability to adapt their usage quickly. Bitcoin miners emerge as uniquely suited to this purpose because of their flexible and interruptible load providing 24-hour automated and instant responses to the grid needs. ( curtailing energy during peak demand or absorbing it excess supply). This is already happening and being used in Texas ( USA) Sichuan Province (China) and Quebec (Canada,) for example, and is showing a glimpse of what the future of grid management can be.

Follows a visual comparison of the most commonly used DR programs.Historically, energy supply adjusted to demand.

Conclusion

While the theoretical benefits of Bitcoin mining as a driver of renewable energy adoption and grid stability are compelling, its practical application still faces significant challenges. The scalability and reliability of these methods remain largely untested, given the industry's rapid and unpredictable evolution. Additionally, barriers such as a lack of public awareness, high initial capital requirements, and Bitcoin's inherent price volatility deter traditional institutions from embracing these opportunities.

However, as the sector matures, Bitcoin mining has the potential to redefine energy markets. By incentivizing renewable energy investments, optimizing electricity usage, and repurposing stranded energy, it could drive innovation and enhance efficiency in the global energy sector. Furthermore, its capacity to provide economic opportunities in underserved regions highlights its transformative potential beyond the financial realm.

@ 16d11430:61640947

In the intersection of technology, finance, and faith, an unusual but profound question emerges: What does it mean to transact with Christ using Bitcoin? While seemingly provocative, this inquiry opens a doorway to exploring the spiritual dimensions of Bitcoin and its implications for how humanity interacts with divinity in a modern, decentralized world.

The Idea of Transaction in a Spiritual Context

The term "transaction" often implies an exchange of goods, services, or currency—a concept grounded in material reality. Yet, within Christian theology, the notion of a transaction with Christ transcends the material. It refers to the exchange of faith for grace, sin for forgiveness, or the giving of one’s life in surrender for eternal life in return.

In this light, to transact with Christ is not about equivalence but about participation. It is an acknowledgment that human offerings, however limited, can be consecrated in service to a higher purpose. Thus, the question of using Bitcoin—a currency rooted in cryptographic trust and decentralization—becomes a metaphorical lens for examining the intersection of faith, technology, and moral action.

Bitcoin as a Reflection of Divine Attributes

Bitcoin possesses characteristics that resonate with certain divine attributes, making it an intriguing subject for theological reflection:

1. Incorruptibility: Bitcoin’s blockchain is immutable. Once written, it cannot be altered—a reflection of divine truth, which is unchanging and eternal. Just as Christ proclaimed Himself to be "the way, the truth, and the life" (John 14:6), Bitcoin's transparency and incorruptibility evoke a similar aspiration for absolute justice and integrity.

2. Decentralization: Bitcoin operates without a central authority, distributing power across a network of participants. This mirrors the Christian concept of the Body of Christ, where no single member holds dominion, but all work together in harmony for the greater good.

3. Transparency: Every transaction on the Bitcoin network is visible on the blockchain, symbolizing the omniscience of God. Just as nothing is hidden from the divine gaze, Bitcoin creates a system where accountability is enforced by the network itself.

4. Finite Supply: The 21-million cap of Bitcoin reflects a sense of order and discipline, contrasting with the boundless expansion of fiat systems. This scarcity encourages stewardship, a virtue long emphasized in Christian ethics.

Transacting with Christ Using Bitcoin

To transact with Christ using Bitcoin is not to reduce Him to a financial ledger but to consider how modern tools of exchange can symbolize spiritual truths. Such a transaction would not involve equivalence—no earthly currency could measure Christ's infinite gift of redemption—but rather alignment.

When we think of offering Bitcoin to Christ, it becomes an act of devotion and surrender, acknowledging that even the fruits of human ingenuity belong to Him. It is akin to the widow’s mite (Mark 12:41–44), where the value of the offering lies not in its material worth but in the intention and sacrifice behind it.

Bitcoin and the Moral Economy

In a world where fiat currencies are often associated with corruption, inflation, and centralization, Bitcoin represents a radical shift toward an incorruptible and transparent economic system. For Christians, this aligns with the call to live justly and to “render unto Caesar the things which are Caesar’s, and unto God the things that are God’s” (Matthew 22:21).

By engaging with Bitcoin, Christians can participate in a moral economy—one that resists manipulation and upholds principles of fairness and accountability. Transacting with Christ, then, becomes a metaphor for aligning one’s financial practices with spiritual values, using tools like Bitcoin to reflect divine justice and order.

Bitcoin as a Spiritual Tool

While Bitcoin is a technological creation, its design invites reflection on spiritual principles. Its reliance on consensus mirrors the need for communal harmony in faith. Its resistance to corruption serves as a call for moral integrity. By surrendering to Bitcoin's rules—rules that cannot be bent for personal gain—one practices a form of humility, recognizing the limitations of human control.

Challenges and Limitations

Of course, Bitcoin is not without its challenges. Its use can be corrupted by greed, speculation, or unethical practices, just as any tool can be misused. To engage with Bitcoin spiritually requires discernment: a focus on its potential for justice and stewardship rather than its potential for exploitation.

Moreover, the metaphor of transacting with Christ must be handled with care. It is not about commodifying the divine but about seeing in Bitcoin a symbol of how human innovation can serve higher purposes when rightly ordered.

Conclusion: Surrendering the Temporal for the Eternal

To transact with Christ using Bitcoin is to ask: How can modern tools reflect eternal truths? It is an invitation to sanctify the temporal by aligning it with the divine. Bitcoin, with its incorruptible ledger and decentralized nature, offers a unique opportunity for such reflection.

Ultimately, the question is not about Christ accepting Bitcoin but about whether we, as stewards of creation, can use tools like Bitcoin to serve justice, truth, and the greater good. By doing so, we participate in a moral economy that transcends material wealth and points toward the eternal treasure Christ exhorts us to seek.

@ 78c90fc4:4bff983c

Pharma Whistleblower since 2009

Jane Bürgermeister was born in Switzerland on 19 January 1966 and has both Austrian and Irish citizenship. She has worked as a journalist and has written articles for various publications such as Nature, the British Medical Journal and The Guardian.\ \ In April 2009, Bürgermeister filed criminal charges against several organisations and individuals, including:\ • The World Health Organization (WHO)\ • The United Nations (UN)\ • The US government and President Obama\ • Pharmaceutical companies such as Baxter\ He accused these parties of serious crimes such as:\ • Attempted mass murder\ • Bioterrorism\ • High treason

Her 2009 video was deleted from social media sites and YouTube:

https://waltersiegrist.ch/JaneBurgermeister2009.mp4

Living in Greece in 2023, she urgently called to lift Mitsotakis' immunity for participating in an illegal plan to administer a toxic Covid vaccine to the Greek public and knowingly poison millions of Greeks. 

https://wearechange.at/wp-content/uploads/2024/12/FProofsMitsotakisTrumpHaveKilledMillionsThroughCovidVaccinesDeliberately.pdf

https://www.corona-hoax.ch/FProofsMitsotakisTrumpHaveKilledMillionsThroughCovidVaccinesDeliberately.pdf

https://x.com/RealWsiegrist/status/1873028168774500362

https://wearechange.at/wo-ist-jane-burgermeister/

@ c48e29f0:26e14c11

TL;DR -- HIGHLIGHT THIS TRANSCRIPT TO CREATE NEW NOSTR EVENTS, GET ZAPS, AND EXPOSE MORE PEOPLE TO THE* BITCOIN PODCAST IN THE PROCESS*

WHY THE FUCK AM I DOING THIS?

Up until now I've been publishing transcripts for THE Bitcoin Podcast (@Titcoin on Nostr) on my website, bitcoinpodcast.net/words, and, more recently, putting show notes/summaries on my newly-created Substack, substack.com/@walkeramerica, so people can sign up to get episodes delivered to their inbox (unfortunately I can't publish the full transcripts on Substack because they're too long). I also just hate doing this because it takes time and I don't think anyone actually reads them on my website or on my Substack. And Substack is a centralized shithole anyway.

But I've been thinking... It would make a lot more sense to just publish the summaries and full transcripts directly on Nostr so people can search and highlight the text more easily, with each highlight creating a brand new Nostr event. I'll also post the quotes I've already pulled from the episode in a section at the top, which will give people a taste of what they can expect in addition to giving them some low-hanging-fruit for highlighting. Most obviously, publishing on Nostr means I just need to publish ONCE and my post will be available to everyone on whatever client they use (huzzah for open protocols and fuck Substack).

There are a few benefits to this Nostr-focused approach:

1. People can easily search the full text transcripts and find quotes they find meaningful/funny/fucked up/insightful/etc.
2. When they create a highlight, they publish a new Nostr event which people can zap. People are incentivized to find the most valuable quotes because people like getting zapped.
3. If people see highlights they find valuable, they'll come check out the full version of the show notes and subsequently watch/listen to the episodes, in addition to searching the transcript for their own highlight-able material (more zaps ensue). Maybe they even use the transcript as they listen to the episode and highlight as they go. Who knows?!
4. As a content creator, I now have a new way to discover what parts of the episode speak to people most because I can see what people choose to highlight, and which highlights people choose to zap. This helps me decide which parts of an episode will make for the highest-signal short-form video clips, and of finding fire quotes I may have missed on my first pass-through. The highlights become a way to crowdsource signal and filter noise.
5. The episodes become more interactive as new conversations pop up around Nostr based on different highlights. Nostr events are created, thoughts are provoked, zaps are zapped, sats flow, community grows, and my episodes of THE Bitcoin Podcast get more visibility. #GrowNostr ?
6. Thanks to Zap Splits, I can add my podcast guests to a split list, ensuring that any zaps I received are also shared with them (which I did for HODL and Cason on this long-form note).

Anyway, that's enough chit chat for now. Let's see if this works or if it's just a late-night idea that doesn't seem as smart in the morning.

The full transcript of the episode is below, in addition to some of the quotes I pulled already (feel free to highlight the shit out of them). But first, here are the links to watch/listen to my conversation with Hodl and Cason:

• Fountain: https://www.fountain.fm/episode/TO4YqCAm0k2zTdLIi7xl
• YouTube: https://youtu.be/0Jy2QFRmhP4
• Apple: https://podcasts.apple.com/us/podcast/bitcoin-trump-freedom-the-american-idea-erik-cason/id1694392423?i=1000676077910
• Spotify: https://open.spotify.com/episode/7rCjFeTCdXwgrX6jylj5jH
• Rumble: https://rumble.com/v5mtk5t-bitcoin-trump-freedom-and-the-american-idea-erik-cason-and-american-hodl.html
• Everywhere else: https://bitcoinpodcast.net/podcast
• SHOW NOTES: https://open.substack.com/pub/walkeramerica/p/american-hodl-x-erik-cason-bitcoin
• Highlighter: https://highlighter.com/walker/BITCOIN-TRUMP-FREEDOM-THE-AMERICAN-IDEA-ERIK-CASON-AMERICAN-HODL-THE-Bitcoin-Podcast-zmwmhj *

EXTREMELY HIGHLIGHT-ABLE QUOTES

Erik Cason “Look, you dumb motherfuckers, you could have just doubled your fucking wealth over the last year, had you just shut the fuck up and been like, ‘maybe I'm poor and working at a dead end job that I fucking hate because I don't understand how money actually works. And maybe these Bitcoin guys who have made some money and some self-independence for themselves, maybe they have a point.’ But instead they go, this is a far right Psyop that's being played in order to try to destroy the wonderfulness of modern monetary theory. And the government needs to be able to print out money because how else can we spread the love and make sure that all people everywhere are always equal and have all of the equal opportunity always, particularly the brown people that we want to bomb out of existence because, you know, they need to use my fucking pronouns. And that's why we're bombing the shit out of them is because they're hateful, racist pieces of garbage that, you know, and then, and then there's just like the like, well, like fuck Israel, we can't like support them. But like Ukraine is great. Or the people doing the opposite one. I'm like, what, like, why the fuck is the red or the blue people telling you to bomb the right people?

HODL (50:34.642) You can just do things. You don't have to wait for anybody. Nothing's decreed. Like, listen, fiat is a fucking disease of the mind. That's what it is. And every currency on earth that's not Bitcoin is fiat. Ethereum is fiat. Solana is fiat. Tether is fiat. They're all fiat, okay? And then obviously all the fiat currencies are fiat. But fiat is not just affecting the monetary supply and material goods like iPhones and shit. No, fiat affects YOU. It affects your mind. It affects the way you think. You think that the world is decreed to you from scribes on high. It's not. The world is built by people that get out and build the fucking world. So if you want to do something, just go do it. Get politically active if you want to be politically active. Build a business if you want to build a business. Build a family if you want to build a family. Build an estate if you want to build an estate. Go to Mars if you want to go to Mars. Fucking just go do it. Do what you want to do. That is the Bitcoin story. Not by decree. No one tells you to do it. You decree it. You fucking decree it. You go out and do what the fuck you're gonna do in the world. That's what we're doing here in Bitcoin.

HODL “The state condemned a man to slow death, double life imprisonment. And we said, ‘no, you don't get to do that.’ We got to rewrite the rules of the game as the game was being played. And it shows that we don't have to just sit there and take it.”

Erik Cason (01:01:49.037) the world fucking needs Americanism right now. Like shit is fucked up and there needs to be a renewal of this American spirit that pushes out into the world that, you know, is what 1776 was about, which was a global revolution that then swept through Europe because they're like, yo Europeans, look, we just like fucked up the British empire and we earned our own rights by fighting these assholes. Would you like that? They're like, yeah, this like monarchy shit is bullshit. Let's, let's fucking fight. And I hope that we're going to see a renewal of that same spirit that we're going to fight back against our federal government and their surveillance in the deep state and that we're going to push that shit out numb into Europe and that the Europeans are going to be like, yeah, you know what? turns out getting asked fucked by our government and getting global surveillance through a CBDC is bullshit. Let's fight these motherfuckers.

HODL That is the Bitcoin story. Not by decree. No one tells you to do it. You decree it. You fucking decree it. You go out and do what the fuck you're gonna do in the world. That's what we're doing here in Bitcoin.

TRANSCRIPT: AMERICAN HODL x ERIK CASON

Walker (BitcoinPodcast.net) (00:00.07) ground audio, but the new Macs do it like really fucking well shockingly, which is honestly quite nice. Okay. We are allegedly live on zap.stream. So I'm just going to fiddle with this for a second. Let's see here. But yeah, we were, Eric, we were just discussing that hodl is basically on team no sleep right now. and has been, yeah, just

HODL (00:01.4) Mm-hmm.

Erik Cason (00:07.304) It's just.

Erik Cason (00:11.184) Alright.

HODL (00:24.418) Well, ever since they stole the 2020 election, you gotta stay up all night now.

Erik Cason (00:24.72) Are you?

Walker (BitcoinPodcast.net) (00:29.668) It's true. You got to keep them in check.

Erik Cason (00:32.525) So is this like a young children thing or is this like your brain is all spun out from

HODL (00:38.808) No, this is was it. No, it's because I was at Bitcoin mags live stream for like 12 hours yesterday and I didn't get home until like, you know, 1 30 a.m. and then I fucking didn't go to sleep until 2 a.m. And then because I have young children, I was up at 5 a.m. So it's like, you know, good times.

Erik Cason (00:54.893) Good. No, I... My sleep got absolutely fucked a couple nights ago, because like I was like, I'm gonna stay up a little late and watch a movie. And then my brain was like, yeah, you want to stay up fucking late, asshole? How about you fall asleep at 4 a.m.? So this last night I was like, you know what? Like this shit isn't worth it anymore. Like I'm a fucking adult. I'm going to bed at nine o'clock. I'm going to get up at six o'clock and like work out and do all my like adult shit because...

Walker (BitcoinPodcast.net) (01:07.735) how you like that.

Erik Cason (01:18.866) I'm just like fucking sick. Like I could do that shit when I was in my 20s, but like that's a long ways away from now. So now I gotta like take care of my body or it's gonna fuck me up.

Walker (BitcoinPodcast.net) (01:30.62) it's I was out. I was fishing like this whole weekend, like a dude's trip with my, dad and my father-in-law and like some other older dudes. And just like, yeah, we were fishing, fishing for steelheads. It was a wonderful time. My first time fishing for steelheads had a fucking blast, but like you're out in the river all goddamn day. And by the time we got back, like, and I was like the young buck of the group and still I'm like, 7 P.M. It's about time to turn in like, fuck.

Erik Cason (01:42.099) Drop.

Walker (BitcoinPodcast.net) (02:00.591) But yeah, so I feel your pain. But then last night I got home from the trip and like was watching MSNBC for fun and stayed up until like three or something because I was.

HODL (02:08.802) Yeah. did either of you watch the view this morning? It was, it was so good. I would highly recommend it. Well, they start whoopee Goldberg starts off with tears in her eyes and she's trying to be magnanimous and she, she goes, yeah, let's talk about, let's get into it. And then she passes it to Joy Behar and Joy Behar holds it together for like,

Walker (BitcoinPodcast.net) (02:13.572) No.

Erik Cason (02:13.819) No, like-

Walker (BitcoinPodcast.net) (02:19.915) Describe it.

HODL (02:35.832) 90 % of the time and she's like, you know, we got it. It was a fair election and we got it just but he's a racist and then they just like rescinded. It's a full struggle session. It was amazing. Like honestly, it could have been pay-per-view. I would have paid $75 to watch it. It was one of the greatest things I've ever seen. It was amazing.

Walker (BitcoinPodcast.net) (02:47.081) my god.

Erik Cason (02:56.683) So like, what are they gonna do now other than just like malfunction and have a hard time? Like I'm just really enjoying getting to like sit in this space and being like democracy is super great, isn't it? Isn't it wonderful that we elected a fascist Hitler who's waited for his second term to implement the genocide against all of the people that are you? And they're like, the demogood, so I'm really.

HODL (03:20.024) Yeah.

Walker (BitcoinPodcast.net) (03:24.54) The glitching is real right now. you almost feel bad, or I would almost feel bad, if the people who are glitching, like, were glitching right now, weren't so insufferable for so long. Like, I would almost feel bad, you know what I mean? But I'm not quite there yet.

HODL (03:40.049) Yeah, yeah. No, I don't feel a shred of guilt about anything. I'm just laughing at all the memes. It's hilarious.

Erik Cason (03:42.172) One.

Erik Cason (03:47.146) Like look, like fuck this voting and democracy nonsense, but like I'm, really enjoying these liberals that have used the last four years to try to cram all this fucking nonsense down everybody's throat and now have to deal with like the reactionary against that. in addition to the fact of that, like it's about fucking time. Like the last, the last four years were like really fucking wacky. And like we had, we, we still have this geriatric prison. Like what the fuck happened to Joe Biden? Did he just like vanish? Like what?

HODL (04:08.6) Mm-hmm.

Erik Cason (04:16.862) It's just so weird to me in that, like in the meanwhile, the whole liberal machine keeps marching on being like, like this is, so anyways, I'm just excited to watch this whole thing kind of break down and crash into flames and see what happens.

HODL (04:31.128) I woke up feeling just proud of America. And the reason I was proud of America is not because America voted the way I wanted them to vote, which they did, like in a landslide victory. The reason I was proud of them, proud of the feeling of being American was that propaganda doesn't work on us. You tried to Psyop us and we just aren't fucking having it.

Because being an American means doing whatever the fuck we want and you are not allowed to tell us what to do. That's the feeling, that's the energy I woke up with. Like, the American people are exactly who I thought they were. You know, it's like that meme. They are who we thought they were! They are who we thought they were! You know, it's like, the American people are who I thought they were and they're just as fucking wild and untamed and fucking crazy.

and individualistic as I've always expected and needed them and wanted them to be and known that they were and I just fucking love it. I love seeing the results come in and then the people who are the professional propagandists, the Joe Scarborough, the MSNBCs, the Rachel Maddows, the Whoopi Goldbergs, right? Professional paid propagandists go, I can't believe calling them racist garbage didn't work. Fuck you. Fuck you. Fuck all of you. Fuck you.

Walker (BitcoinPodcast.net) (05:51.245) It's fucking insane.

Erik Cason (05:51.287) Well, it's interesting because like it's a it's this really reactionary hateful thing where and it's like super hypocritical where it's like, fuck you, you racist piece of goddamn shit. Like you need to go into the fucking concentration camp and be brutally raped and tortured because you won't tolerate other people. You fucking sick fucking pig. And it's like, you know, maybe there should be some self reflection here about some of those things you said and are expressing and like

HODL (06:20.642) Yeah.

Erik Cason (06:20.715) I don't know, like this is the thing that I've been trying to deal with kind of in the liberal bubble I'm in. It's like, hey, do you guys think that like all the hatred and vitriol that you're directing at white people and about like how useless men are and that they really obstruct everything that could have ever been done that's good might have a little something to do with this. In addition to like, perhaps we're in the position that we're in because of the way that you keep shitting on all these people that actually

might have some degree of value to society. And I'm not saying they're better or worse than anybody, but maybe trying to direct all your hate towards them could have something to do with the outcome that came here as opposed to you being like, hey, these people, we'd like to include them in the fold rather than just kind of doing the reverse hate thing. But you know, I don't know. I'm not, I'm not a politician.

HODL (07:07.96) Yeah.

It's tough to tell people like, you know all that shit that's in your head? That's not real. It's just not real. None of it. You made it up. You're living in magical fairy princess land. Okay. And what I would, what I would want you to do is form a hypothesis and test it. You know I mean? Like experiment. Are you in magical fairy princess land? Can you fly? You know what I mean? Maybe you start on the ground first. Don't jump out of a window, but like, you know, maybe test your flap your wings little, see if it works.

If it doesn't, maybe we have the wrong hypothesis. I don't know. Weird. Just be calling here.

Walker (BitcoinPodcast.net) (07:42.586) Whoa, that would require like critical thought though and actual self-reflection and like now they've just like they've gone the other way and they're like well actually the black and Latinos are racist too and they clearly like and you're like hold on hold on guys I was told because of the intersectional hierarchy that they couldn't be Racist but but now they are racist and the Arabs to some of those Arabs We don't like them the Cubans especially escaping communism coming here voting for a Republican. Who do they think they are? It's ridiculous

HODL (07:53.748) Right.

HODL (08:00.876) They can't be racist. Yeah, they can't.

Walker (BitcoinPodcast.net) (08:12.804) Yeah, it's fucking will there be any self-reflection though like any like moment of inward like looking inward to say Maybe we were kind of part of the problem, huh? Hmm

HODL (08:23.448) They're nowhere close to being ready to deal with reality. In a sense, kind of like, it's a huge miscarriage of American civil duty that's happened because these people have been so badly brainwashed and Psy-op by the mainstream media, these professional state propagandists that you can't help but feel a little bit bad for them. at the same time, mean,

There's nothing to do but to get out of your echo bubble. you, the only person who can crawl out of Plato's cave is you. And I don't know how to explain to you that the shadows aren't real. They're just not real. And so like those of us who are out of the cave, we, we all talk about how retarded you all are in the cave, but we don't know how to actually get you out of the cave. Cause every time we try and bring you out, you fucking bite us and go rabid, you know?

Walker (BitcoinPodcast.net) (09:17.66) And we can literally tell you the cave exit is right there. This is where you need to go to get out of the cave. And they're like, that exit looks not really like it's inclusive. I don't think I'm going to go out that way. Sorry, Kason. Go ahead,

Erik Cason (09:17.689) It's a pretty sad situation overall.

Erik Cason (09:31.29) Well, like with it being at a Bitcoin all time high right now, like that, you know, is what I came on with is that like, look, you dumb motherfuckers, like you could have, you could have just doubled your fucking wealth over, know, over the last year, had you just like shut the fuck up and been like, maybe I'm poor and working at a dead end job that I fucking hate because I don't understand how money actually works. And maybe these Bitcoin guys who have like made some money and some

self-independence for themselves, like maybe they have a point. But instead they go, this is a far right Psyop that's being played in order to try to destroy the wonderfulness of modern monetary theory. And the government needs to be able to print out money because how else can we spread the love and make sure that all people everywhere are always equal and have all of the equal opportunity always, particularly the brown people that we want to bomb out of existence because

You know, they need to use my fucking pronouns. And that's why we're bombing the shit out of them is because they're hateful, racist pieces of garbage that, you know, and then, and then there's just like the like, well, like fuck Israel, we can't like support them. But like Ukraine is great. Or the people doing the opposite one. I'm like, what, like, why the fuck is the red or the blue people telling you to bomb the right people? Regardless, like maybe you should just be upset that brown people are

you know, and in the case of Ukraine, white people too are getting blown up. Like the bombs are not racist. They will kill people whether they're white or brown. And I don't know, it would just be really great if people could be like, you know, maybe we should just kind of talk to people instead of murder them. But again, I'm not a politician. Maybe there's something I'm missing here. Maybe they need to be murdered.

HODL (11:07.501) Yeah.

key on this is like the Bitcoin price as a lens by which to view the world. It's like last night when I was watching the election results. I was at Bitcoin Magazine studio and they had all the boards up and all the stuff, you know, and I'm watching it all. It's like the traditional media and I'm on my phone looking at the Bitcoin price and I'm like Trump's gonna win. Like it just got bid in the markets. This is gonna happen. I now know the future ahead of traditional media.

And it's the same thing with like, Polymarket was telling us Trump was going to win for months and months because people have been actually, you know, putting economic value behind those, those, you know, those votes that they're making with their economic capital, right? And so, you know, if you're listening to traditional media, you're trying to do sense making that way and you have like, you know, the, poll, the Nate Silvers of the world, the pollsters telling you, Ann Seltzer telling you like, he's going to win Iowa, whatever. they, these people have no skin in the game. So there's no.

proof of work to their predictions. you need to, once you have proof of work as a lens, you as a Bitcoiner, look for it and see it and find it everywhere and anything that you can attach proof of work to, you realize that this is a real thing and you can bank on it. But I mean, people that don't have that are doing everything proof of stake, right? Like they just don't understand that reality that unfortunately they are living in. There's nothing you can do about it. can't.

You can't escape that reality, right? Like you are inside that reality.

Erik Cason (12:42.853) Well, it'd be clear like, proof of stake as a methodology that's like operable and like that's called socialism. Like I can actually like hijack the government and be like, Hey, Mr. Musk, like, fuck you. We're going to like steal all your shit. It's like, cool. Like now that we did that guys, like how much more runway we have? They're like, we have, we have four days. We got, we got four days to run the budget now. It's like, it's like the guy that's

Wait, wait, the guy that's getting us into space and like gave us like satellite internet and shit, like stealing everything from him got us four days of runway? And they're like, yeah. So we're out of time now. So who are we going to rob next? They're like, that Amazon guy. Yeah, like fuck him. He's like stealing from people and he's hateful. It's like, yeah. Why do you think he has better approval ratings than like the

and like everyone in like the US military. Like it seems like people really like him. They're like, cause, cause he's, he's racist, right? So let's steal his shit. And like, and like, that's what proof of stake is about. It's like, fuck these other people. We can like steal their shit and like remake the rules so that like stealing shit is okay when we steal shit for the right reasons.

And this is like the clusterfuck that's Ethereum. Like if you've watched like what their monetary policy has been like since the fucking Dow fork that happened, it's literally always been like, yeah, but like this is the one time it will ever happen. Well, maybe we'll change it again. You know what? Fuck it. We're just going to kind of do whatever we want. And like, that's fine, but it's not going to work out long-term and there's going to be very severe fucking consequences. So you...

could learn about how economics works and it turns out that like, nobody likes being stolen from and it turns out like, if I can steal from you, I can steal from other people too. And that's like a really big problem. So you should probably be invested in a system that goes, you know what? We're not gonna steal from anybody ever. But what about Hitler and Pol Pot? And it's like, yeah, it turns out that even fucking assholes, we like need to respect their right to property too.

Erik Cason (14:54.332) And they're like, but if we do that, then like all of the racist and hateful people will win. And it's like, you know, maybe you need to expand your worldview beyond thinking that everybody's hateful and racist. And that's kind of their main problem. By the way, like I've never actually, like when I was younger, I had a couple of friends, dads who were like pretty racist and stuff, but it was always this like, I don't know. Like I've never met somebody who like really had as their like main thing. They're like, yeah, but like, fuck the Mexicans and the black people. It's it's like usually like.

Yeah, but what about Habib? Like he was helping us out early and they're like, well, yeah, he's brown and that's fine. But, I'm like, so you're like, not really that racist. And they're like, well, you know, they're trying to take our jobs. And it's like, well, but were you gonna, were you gonna do the gardening? And they're like, well, no, fuck no. I ain't gonna get wet today. It's like, maybe he, maybe Jesus is pretty good at what he does, you know? I'm just saying.

I don't think he's taking your job. You don't seem like you're gonna be gardening in the ring. I'm just saying.

Walker (BitcoinPodcast.net) (15:57.544) I think so much this is like a it's it's it is a mirror right like What you see and everybody else tends to be more of a reflection of what you have going on in the inside? Than what is actually going on with them because you don't fucking know them you have no way of knowing what they're what their beliefs are whether or not they are a Giant bigot and a racist or whether they're just some man or woman trying to live their life Put food in the table for their kids and not get just absolutely bent over a barrel by the government

which is like a reasonable thing. Like nobody really wants to be bent over a barrel by the government, right? But apparently if you push back against that too hard, you are given one of these labels. But then it's like you have kind of this proof of concept here that this is just a reflection of what is going on in a lot of these, you know, bigot callers minds. When you see them say things like, you know, I can't like why would all of these Latinos vote for their own deportation? It's like, do you think the only Latinos in the country?

are here illegally? Like, is that what you think? That they're voting for their own deportation? Like, there's lots of Latinos here who came here legally, like a ton of them. And it turns out a lot of them were escaping the same sort of bullshit socialist verging on communist policies that you're trying to push on them now. And then you turn around and call them racist because they didn't agree with you. Like, it's this insane

paternalistic projection and I like but again the sad thing is I don't know if there is ever like a come to Jesus moment where they're like you know what you know guys we went too far we were wrong I was was pretty messed up for a few years there huh we're cool now let's keep things civil we're not gonna call everybody Nazis anymore especially you white lib or you white women you know you white suburban women you Nazis like it's just like turns out calling everybody a Nazi is a really bad campaign move like

I don't know who like how who could have known right shocking.

HODL (17:57.56) I think you guys are both being charitable and trying to diagnose them. I spent a lot of time trying to do that too, get into their heads and understand their psychology. How could you think this way? It's so severely retarded. And now I'm just like, listen, we have now unfettered control of all three branches of government. it's like, I don't listen. At the Thanksgiving dinner table, I don't pay attention to the conversation at the kids table. I don't care what the kids are talking about. You know what mean? It doesn't matter. It's like...

What color crayon do you like? I don't know. like burnt umber. That's my favorite. Yeah. It's like no, who gives a fuck? We're at the adult table now and it's about stacking wins on the board and you know, like for instance, mean, Trump is the first Bitcoin president. Vance owns Bitcoin. We now have the opportunity to like see real Bitcoin appointments be made where like people who are being recommended for high purchase of power

will be people that are sympathetic to Bitcoin, if not Bitcoiners themselves from an ideological standpoint. And to me, that's the most fascinating thing that's going on. And whatever like woke mind virus is like eating the brains of like the liberal white women we all know. I don't give a single fuck like drink your Chardonnay bitch and like hopefully it cures it. I don't know what to tell you, you know, take some ivermectin.

Erik Cason (19:11.977) Well, it's funny because I have a good friend who like, you know, he's like, deep barrier roots. So like everybody is like very, very liberal. And like he's a bit of the black sheep of family. So he, you know, he was like, I'm going to vote for Trump. And this, this is like very upsetting to his family. And like, you know, everyone was getting outraged with him. And he was like, look, he was like, look, like the only way we get to talk about politics now is like, you have to steel man my position. Like you don't get to come to me and be like,

But Trump's like a racist bigot. Like you need to actually come to me and be like, well, perhaps you want to elect Trump because like you feel different about economic policies or whatever. And I've found like, this is the best way to actually like force people to, like think in a meaningful way. Cause like, otherwise they'll do the same bullshit with you. But I've found like it really glitches people pretty hard. Cause I can be like, look, like I, I understand your position. Like you think Kamala as being the first black woman president.

is really going to create policies that champion and allow for, you know, people of various and diverse backgrounds to be able to have a real leg up in America. Totally hear that. I have a fundamentally different position that I don't believe that that actually helps people in a unique way. And I actually think there's a very discreet kind of racism that's going on with that. When you say, Hey, we need to give reparations to black people.

because they're not good enough to be able to compete with the white people. It's like, they're, you know, like I see something a bit racist in that. And like, again, I'm not trying to take away from that. There, there can be good reasoning behind that, but you know, particularly living in the state of California where this has actually been proposed as like a meaningful bill seems pretty fucking racist to me to steal a bunch of money from me and give it to a bunch of, of, you know, people, you know, I think in this case, just black people that are going to be getting that.

money directly when as far as I know they directly were not enslaved by me or my ancestors and I'm not sure what their relationship is to it either. I'm saying the with Kamala Harris like black woman this is this you know great that if she was elected that she would be the first black woman but let's be very clear she's not like African-American she's a Jamaican woman that's where she's descended from and again like doesn't take away from the fact that that is would be the first black woman president but

Erik Cason (21:35.851) She is not an African-American and that's a bit misleading to kind of do that whole pitch. But most people are really uninterested in this just because they have a deep vested interest in what their emotional capacity is. And that's one of the things I've found deeply disturbing about a lot of liberal ideology is that like if something feels right, that means that like that is right. And when you try to pick that apart, they go, well, that's racist. And that doesn't feel like if I'm, that doesn't feel good. So we can't be that.

And like it turns out that like maybe there's a little bit of racism you have going on there with, you know, wanting to steal money from white people and give it to all the other people. Just saying.

Walker (BitcoinPodcast.net) (22:16.397) It's you know, it's you mentioned like this friend who's bucking the trend in his Bay Area family, right? And something I just think is so genuinely sad is that we are at a place right now and and I'm sure you know people could come up with examples of like well in the Civil War families were broken up over that and it's like, okay, let's not please let's not compare the two the two moments in time, but the fact that people will literally stop speaking to their family basically, you know, diso you know disavow them like well my

My mom voted for Donald Trump. And so I can't I just I won't speak to her anymore. I can't possibly because it turns out even though this woman loved me and raised me my entire life and made so many sacrifices for me and did everything she possibly could to give me every advantage I could have. She's a racist bigot. And it's like people will literally stop like I'm sure you guys know people like I can think of a number of people within circles. I run it like off the top of my head that level like nope.

I won't be talking to them anymore. Like I like I'm out, you know, no more family Thanksgiving for me. I can't be around this racism. No more Christmas. I you're not going to see your grandchild. I don't know any of those examples personally out of no more grandchildren time. That'd be like especially fucked up. But the point is like how do you have so much hate in your heart that you cannot you cannot get over the fact that somebody that you love and that loves you may have a slightly different opinion than you.

And that the fact that their opinion is different is so offensive to you that you would break apart those ties that bind you for a fucking political candidate, for a fucking agent of the state apparatus. That is fucking insane. Like that truly blows my mind and I think that is really sad. If somebody by some chances listened to this who's like, well I haven't talked to my uncle Jim in two years because he voted for so-and-so on either side of the fucking aisle. Who cares?

Like you should be able to argue the most with the people you love the most. Because no matter what, at the end of the day, you guys fucking still love each other. Get the fuck over it. You're going to have disagreements. It's OK. That's a beautiful thing. And you should have people that challenge you.

Erik Cason (24:25.621) What?

It's both about like a first of all, it's about like a really weak frame of individual reference that that that's very frankly, callow at the bottom. Because like if you you have to identify so strongly with a political party or a movement that that becomes definitive about you and that like you you need to break with other people because they're disagreeing with it. Because like, look, like I'm clearly like a freak Bitcoiner and like everyone in my life doesn't agree.

with the Bitcoin thing, despite the fact that they've seen me have very, very fat gains while they have lost lots of money. And I think that's sad and unfortunate. And like, I'm always like waiting, you know, at the dinner table at Thanksgiving for them to be like, so Eric, like Bitcoin's at an all time high. Like we were all totally fucking wrong and we could have, you know, doubled our portfolios had we actually listened to you. But like, nope, never fucking happens. And at best I try to bring up the Bitcoin thing.

Wow, like the, just don't understand this money thing. So how was the game last night? And I'm like, you you could like, you could have actually like rolled that into like a question being like, so Eric, like what is money? Like why is Bitcoin actually different from the dollar? Cause I don't understand and you seem to get it. But yeah, that never happens. And I find it pretty sad and unfortunate. And like the other one is like.

I'm still open to Bitcoin being fucking wrong. I'm certain it's not. I mean, like if you happen to be a top tier world cryptographer and you're like, check it out. There's this error in the sub 256 curve that was chosen. And turns out the whole thing's fucking broken. You know, I'd probably contact the US military first and like let them know and understand that fucking encryption standards don't work. I just find it pretty fascinating how deep.

Erik Cason (26:19.241) Most people have fled into the them and like they don't actually have a definitive idea of who and what they are, their purpose in the world. that they're like much more interested in making sure everybody feels comfortable and safe rather than making a little bit of discomfort in a conversation that might force some thought and growth. Cause like, again, I don't want to be a fucking asshole, but

Why don't we think real hard about how things are going and what we would really desire for ourselves and others? And like, I don't know. It's, I know this Thanksgiving is going to get interesting with people being like, that hateful bigot Trump, he was elected and he's going to destroy America now. I'll be like, yeah, like it was pretty bad when Hitler was elected for the second non-consecutive term. And when he really made the choice to go after all of his political opponents at that point in time, that was a really weird.

time in history, huh guys? And they're like, yeah.

HODL (27:13.932) Yeah, remember, remember Hitler's bipartisan coalition, you know, like the Tulsi Gavrids of the Weimar Germany were joining up with Hitler like, no, it's so stupid, dude. I think if we take it at face value, everything Eric said is and Walker said is true. But like, you know, I think a lot of these things are just that family members just really don't fuck with each other for deep, deep familial reasons like trauma, trauma reasons. And they're using the

Walker (BitcoinPodcast.net) (27:24.998) you

HODL (27:40.93) the Trump thing is a convenient excuse, right? Rather than going to therapy and like hashing out their shit or having a frank and honest conversation. I mean, I have family members in my life who, you know, I've had these frictions with and the truth is like, our relationship was never good. It goes deep to the psyche of both individuals in the conflict. It relates back to our grandparents and their site and you know, it just goes back and back and you're like.

Okay, so I actually I've been like cast in a play here of like some deep familial trauma and I'm not even like really aware of what's going on and neither is the other participant. We just know that we don't like each other and then you have this flashpoint of Donald Trump's election in 2016 or in 2024 or whatever and then that becomes the the way to fissure like it creates the fissures in the relationship and whatever. So I think I think that's a lot of what's going on. But I also think that you know more on the

the topic that you were saying about, you were trying to talk to all these people and they wouldn't listen or whatever. I went through this myself and what I realized is that I had survivor's guilt. So I needed to fix them for me, had nothing to do with them. It was all about me. It had to do with my own feelings of inadequacy around not being able to save my own mother from her psychological issues. And then when I realized that I was like, okay, I can just stop doing that.

because it's not serving the other person. I thought it was my way into being a good person. Like I'm a good person. I care about these people. I really want to help them and whatever. But the truth is man that there are people with a growth mindset and there are people without a growth mindset. And I'm a person with a growth mindset. I want to continue growing in life and doing, you know, cause there's no, there's no stasis in nature, right? That's nature abhors a vacuum. Like there is no stasis.

everything's in constant flux. It's constant chaos and you're, basically either growing or decaying, right? That's how nature works. And so we are a part of nature. That's how we work. Also, that's how we work psychologically, but for some reason, people don't think or believe this and they like to, you know, have this sort of delusion that they're, they're a static element in a static system. makes no sense to me. And I can't stand people who are like that and I don't want to be around them. So for me, after I realized the survivor's guilt thing, I was like, okay, yeah.

HODL (29:58.432) I don't want to be around people that don't have a growth mindset. And so now I just am not. So if you don't have that, if you don't think that way, I'm just not around you, bro. I don't know what you got going on and I don't care. And I wish you well. I hope you get out of it, but fuck off.

Erik Cason (30:13.977) Yeah, I've, you know, it's taken me a while to learn it, but particularly family, it's as much as like, really want like deep connecting conversation and for like us to understand each other and for them to like meet me where I'm at. They have like zero fucking interest in that. Like they really want to talk about the weather, like anything that's like level one, maybe level two, but like level three, fuck no.

and it took me a long time to like button up against that wall being like, what, like, why aren't you guys turned on? Like, why don't you like, you know, I'm like, like COVID was like a great example of like trying to bring that stuff up and like lots of big conflict coming up. And it hurt me for a long time because I was like, why don't they want to understand me? Like, this is so difficult. I want to be loved in the way I want to be loved. And like, I finally just kind of got to the place of like, like this is their shit.

HODL (30:50.104) Mm-hmm.

Erik Cason (31:04.262) they're incapable of it. And like the more I rock the boat, the more that they're going to resist it, making capsize more likely. And like, I just need to be okay with doing the level one and level two thing with them. And the truth is I can, I can do level eight, nine, 10 shit with you guys. And like that's frankly, like that's why I really fucking love the Bitcoin community is cause like I can have real and sincere conversation where we actually think hard about shit and go deep and enjoy that. And like that's.

Kind of what friends are supposed to be for. Family can be for, you know, just loving them for who they're meant. you know, I love my mom, really great person. I'm never going to have a deep and thoughtful connecting conversation about the political nature of world and our reality with her. Gonna have a really great conversation about how beautiful the sky is. But, you know, that's about as far as it can go. And that's okay.

And so I just, I really welcome people who are going to go into this Thanksgiving ready to fist fight everybody. Just like eat like a fucking marijuana brownie before that. And just like enjoy staring at the vase or some shit. Like it's not worth fighting your family and their stupid ideas of what they believe is right. Cause the other is like, if you're a Bitcoiner, like it's pretty clear that the next cycle is getting pumping right now.

And so anybody who is even remotely smart in your family is going to come to you when Bitcoin's at $120,000 at Thanksgiving and be like, hey, you know, you like made like some money with this, right? And you can be like, yeah, I'm like really fucking high, but yeah, I made some money with this. And they'll be like, could you, could you tell me a bit about that? And maybe that'll be your opening. Don't, don't expect it, but

Yeah, I'm pretty sure that with what the Trump team is up to, they're about to like front run destroying the entire financial system. Cause that's like, that's kind of their MO. They're like good with this money shit and they all clearly hold Bitcoin and they're clearly going to be appointing people. So, look, like I'm not telling you what to do, but like, if you like money, you should probably buy Bitcoin and keep holding it for awhile. Cause I'm pretty sure it's going to keep going up for awhile here.

Erik Cason (33:15.035) Although there is some fucking moron right now who's absolutely gonna slam their hand in the door and be like, it's going back to 15k. No way the bit going to keep up with this.

HODL (33:23.881) 58K is a lost universe. Otto said it's not static. Bullshit. 58K, stable coin, static, static system.

Walker (BitcoinPodcast.net) (33:31.261) To fair, I love the 58k meme and I am guilty of using it so much, but now I've also implemented the 158k meme because it looks almost the same to the the unseeing eye. You just see 58k, but there's a one in there.

HODL (33:43.128) Why not, why not 250 AK? Why not 350 AK? Why not 950 AK? Why not 1.258 K?

Walker (BitcoinPodcast.net) (33:48.17) Jesus I hadn't even gotten that far fuck why not

Walker (BitcoinPodcast.net) (33:55.421) 5.8 you know, like fuck it. Let's let's roll it up. So first of all, I appreciate you guys because you and I appreciate that we can have level eight and nine conversation, maybe someday a level 10. I don't know how high these levels go. So like how the scale works exactly, but I appreciate that there exist people that we can have these kinds of fucking talks with because it's you're right. It's not always within the family. Sometimes it is. And that's very fortunate, but like

If that's not you out there listening like that's okay, too Like you know, that's why that's why you're in Bitcoin, right? Because you can go meet with a bunch of other strange people who want to talk about how fucked up our monetary system is like ad nauseum and like are Super fucking down with that and that's a beautiful thing But I'm curious cuz cuz Eric you mentioned just like the Trump team MO being Go in and kind of like fuck shit up a little bit in the in the financial system. Do you think?

Do you think, okay, like Trump is on board with that? Like, is Trump gonna go full on end the Fed? Like, is Ron Paul coming on here and we are fucking burning this thing down? Or is Trump, like, he's, I don't know about your, like, the vibes you've gotten from, but he seems more measured lately. Like, maybe it's, you know, almost getting assassinated. Maybe it's just a little, you know, couple extra years. Maybe it's Barron being nine and a half feet tall standing next to him. And he's like, you know what? I'm not the biggest guy in the room anymore. I don't know. We're like,

Where do you think we go? Where is Trump at on this? And do you think the team he's assembling is actually going to go in there and be like, no, we're going to bring the Fed down?

Erik Cason (35:34.077) I think from the standpoint, it looks like that's a possibility, but like I, I am very, very deeply convinced that like, the deep state is absolutely and unequivocally in control. And there's no conceivable fucking way that anybody in any elected or any appointed position can like meaningfully stop any of this. Cause like, I, I can't really imagine the powers that be in the back room are like, you guys, they let, like got the right people in the right position to like do stuff like.

What are we gonna do now? And they're like, dang, guess we lost. We just gotta accept it. So no, and I think Ron Paul and Elon Musk and all the people who get in right position, they are absolutely going to try their best to do stuff. And then I'm pretty sure none of it's gonna happen. Same thing, totally holding my breath that Trump keeps his word about freeing Ross day one. Gonna be mum on the word until then. If it doesn't happen, I'm not gonna be shocked.

Walker (BitcoinPodcast.net) (36:28.371) Yeah.

Erik Cason (36:32.094) If it does happen, I will be the first to give alkylates to where they're due because that would be phenomenal. My hope is that everybody who's really full all the hopium of all this stuff will see the next two years play out. Very little will actually change in terms of it. Yeah, that's when I'm gonna launch my radical states rights movement to use the states to unilaterally fuck up the federal government.

Walker (BitcoinPodcast.net) (36:40.764) Amen.

HODL (36:59.272) Dude, let's talk about the Ross thing for a second because did anyone have more on the line yesterday than Ross Ulbricht? No. Like, mean, Ross Ulbricht's life hung in the balance. was double life, rot in a prison cell for all eternity until you die and are taken away in a casket or freedom in three months, freedom in two and a half months. I mean, that's a fucking crazy

crazy thing that he had to live through, you know, the potential that either one of these outcomes, was like, everyone was saying it was a 50-50 toss up between these outcomes. And luckily, we're in the good timeline. And, you know, I was hanging out with the production crew when I was at this thing last night, and, you know, basically they were asking me like, why do you guys all care so much about Ross? And I said, listen, Ross's story is a miscarriage of justice.

and Ross didn't deserve double life. did do something wrong. He did deserve some prison time. Like, that's just how it is. I know, like, the anarcho-capitalist would be like, no way, bro, but it's like, come on. I mean, we have a society that has rules. He broke the rules. Like, he does a little time. But he's, at this point in life, he has paid his, whatever debt he owed to society has been more than paid. He just created a website. He never hired hitmen. All that is bullshit. The man who allegedly,

he hired to have killed supports him as a vocal supporter of Ross Ulberg. I mean, you've been lied to about this case, the agents, the federal agents on the case were dirty. They were they were stealing. Yes. Yeah, FBI. Yep.

Erik Cason (38:33.375) Like all of them from different agencies, like every single motherfucking federal agent in that goddamn agency stole money, like it's fucking insane. And most of them like got off the hook too. And this is what I'm so fucking angry about is the hypocrisy of

Walker (BitcoinPodcast.net) (38:34.759) Yeah.

HODL (38:43.352) Yeah, they did last time that Ross last time that Ross exactly. No, and I mean what I'm saying is like this is this case is a miscarriage of justice and Ross deserves to be free and he will be free in two and a half months. I'm not one of these Bitcoiners who's like we'll see bro. We'll see if Trump does it like no, no, he's he's gonna be free. It's a campaign promise. We put up serious money and we went to bat for Trump and now we're gonna get Ross out and the reason it's important to us is what I told the production crew.

is because yes, all those things are truths of miscarriage of justice, et cetera. But what it shows is that we are ascendant politically, that we matter, that we're important. Things weren't supposed to happen this way. And then they happen this way. The state condemned a man to slow death, double life imprisonment. And we said, no, you don't get to do that. We got to rewrite the rules of the game as the game was being played. And it shows that we don't have to just sit there and take it. mean, imagine the timeline where Bitcoin goes to zero.

In that timeline, Ross rots in prison for the rest of his life. But we're in the good timeline where Bitcoin is at 76k and Ross is free in two and a half months. And I mean, it just shows that we are going to be players in the world. You're not going to be off in the woods with your cold card shoved up your ass. I mean, if you want to do that, like that's fine. Like get freaky. It's okay. Bitcoin is about freedom, but

Erik Cason (40:03.294) You should really consider a ledger if you're doing that, you know.

HODL (40:05.41) Go like that, open your eyes. Yeah, don't, the cold card is very square. Listen, you want to shove it up your ass, you be my guest, okay? But we're going to be playing.

Walker (BitcoinPodcast.net) (40:05.901) Yeah, for real.

Erik Cason (40:14.43) I really need to make a buttplug that is specifically designed for this.

Walker (BitcoinPodcast.net) (40:18.076) How has no one made that yet? That's my question.

HODL (40:19.544) I know right. We are going to be players in the world and we're going to have political power. And we're also going to make some butt plugs. Okay. That can accept a leg.

Erik Cason (40:25.255) seed taker.

Erik Cason (40:32.606) You want your engraved butt plug? Please read each other.

Walker (BitcoinPodcast.net) (40:37.95) We're thinking of spinning up a little, a little shop for them. They're going to be super nice. Hypoallergenic, course, really smooth on entry. Not so much on exit. Cause you don't want that thing coming out necessarily, right? Like you got to keep it in there.

Erik Cason (40:41.129) You

HODL (40:43.224) I'm

HODL (40:51.938) Just to wrap that up, I'm happy for Ross and I'm happy for us. think like this is a big moment in Bitcoin's history. Ross being for it is a big moment.

Erik Cason (41:02.625) Well, and and, you know, I'm on the opposite side. I'm going to hold my breath till it happens. And when it does, I'm, you know, that'll bring you back in the fold from like crazy crypto anarchist land. Like I'm, might like move into like far right political activism or some shit. but it's really important to get that, like, we're an actual political force now. And like, I really hope that we're going to start behaving like it and that there's going to be like a real actual Bitcoin contingency because like,

HODL (41:09.698) Just fair.

Erik Cason (41:30.175) I actually think in the next four years, there's a real fucking shot of ending the Fed. And like, I don't think anybody inside the federal government will do it, but I do legitimately believe that like, if we got 35 states to push through their state legislature legislation to like end the Fed, that that shit would get amended to the constitution. And like the federal government would have to like flip the fuck out and figure out how to do that.

And I think it's really important because like the federal government is so out of fucking control at this point in time. We really need to start figuring out new and different methodologies to change how that can happen. So I'm just excited to see all the change that's happening and also like fucking 100K is like in play now. So it's to be really exciting when we get there. I haven't heard from Valis in like a year. Well, I've privately heard him from before, but like I hope his 100K party is still going to happen somewhere.

HODL (42:12.6) dude, 100k by Thanksgiving.

Walker (BitcoinPodcast.net) (42:21.727) Yeah, we're whether I mean I don't like to you know talk about price too much on this show because I'm not an open-mouthed YouTube shill But that being said caveat, you know, it is like above 70 say we're like 76 200 right now that's just like kind of a trip, you know, and I would I agree with you that like As I was watching the price last night again, I like I've been on the river these last like four days. I have like checked

Twitter a couple of times then I was like, nah, that's not really of interest to me. Like I'm out in fucking nature catching fish hanging out with like my dad. Like that's what I want to, this is what I want to be doing right at this moment. And, then I got back and of course I was like, yes, you know, like bring it in. And then, you know, stayed up until 2 AM watching MSNBC as one does, but like you could, you could feel something was happening and I think you can feel something is happening now. And I just wonder like,

HODL (43:00.93) Yeah.

Walker (BitcoinPodcast.net) (43:17.916) does Bitcoin like because I would say that Bitcoin is it is inherently partisan or excuse me it is inherently political it is not partisan right it is like money is always going to be political we're talking about separating fucking money in state of course that is going to be political it is not inherently partisan it is only partisan if partisans make it partisan and that's not to say the people that are pro Bitcoin are the partisans who are making it partisan it's the ones on the other side who are reactionary to it right

HODL (43:25.804) Yes.

Walker (BitcoinPodcast.net) (43:46.343) So I'm just interested to see like, I mean, fuck like there, it's a, it's a red fucking wave. Like Trump blew out the popular vote. He's got the mandate, right? He obviously won the electoral college. You've got a Republican majority in the house and the Senate by all rights. have no excuse not to do everything they claim they want to do. Right? Like they have, there's no excuse.

HODL (44:04.704) interest rate. 100%. By the way, by the way, the Democrats going after us and brought and broader crypto markets was such in retrospect, such a massive unforced error on their part. There was no reason to make significant enemies of us. None. And all they did was suffer because of it. Now, like, I don't know how much we affected the election.

Walker (BitcoinPodcast.net) (44:21.554) Yes.

HODL (44:32.62) But we affected it some non-trivial amount, okay? And it just, it wasn't something they needed to do and they did it anyway because they were drunk with power. That's why they

Erik Cason (44:43.022) I mean, they did it because like they believe their own retarded bullshit that they like they had literally pumped up their own ass intentionally where they're they're like, this is used for terrorism financing and it's it's so all the bros can get away with tax and like it was all bullshit that they just repeatedly kept convincing themselves like like the fucking Greenpeace nonsense and like the like I feel so bad for the guy that's running that Twitter because like

Like all he does is tweet something and is immediately, like provided all of the evidence of how fucking wrong he is. And like the other thing that's just so shameful is that like these people are supposed to actually like give a fuck about the environment and like, what's more important than making sure that we're actually getting clean hydro power from power plants that were going to be shut down otherwise, you know, like what's more important to people in sub-Saharan Africa who have never had access to

fucking electricity and can't have clean water and now they can. Like it's, it's just so disingenuous. And like, again, I would really hope that, you know, the Democrats would sit down and be like, wow, we like, we really fucked that one up. We should really like reconsider this. But, I very, very strong doubts that that's going to happen. And it's going to be really interesting to see kind of what the co what comes out of it. But yeah, I have a very strong expectation.

that they are going to continue to double down until essentially they fracture the Democrat party into like, there's either gonna be a renewed moderated democratic movement or it's gonna fracture out into like different parties. Either way, it's gonna be fucking entertaining.

Walker (BitcoinPodcast.net) (46:26.386) Can I say something controversial guys? am, I am, I am glad Elizabeth Warren was reelected because honestly, I, she was, she was against what John Deaton, right? He was like the, yeah, he lost.

Erik Cason (46:28.546) No.

HODL (46:30.962) Yeah.

Erik Cason (46:36.254) was she?

HODL (46:41.1) Yeah, he lost. Yeah. He had an uphill battle. She's very well funded in her state and Massachusetts is a liberal shithole.

Walker (BitcoinPodcast.net) (46:46.202) she is.

Erik Cason (46:47.973) Huh, where'd that money come from? That's really interesting. Huh.

Walker (BitcoinPodcast.net) (46:50.723) from but he was funded by crypto lobbyists. But no, the reason I'm happy that Elizabeth Warren won is because I would have missed her. I would have honestly missed reply guying her all the time when she says stupid fucking useless shit like that would have left a little bit of a hole in me. And I don't know how I would have filled it like I need something to butt up against. And like Pocahontas is the best.

HODL (46:55.65) Yeah.

Walker (BitcoinPodcast.net) (47:18.52) She's just the best for that. it's like when she talks about price gouging, I see Elizabeth Warren price gouging tweet. And I'm just like, yes, I know what I'm doing today. You know, like, it's nice to have that. And like, I also think to your point, Eric, like, she is going to their and to your point as well, like unforced errors, she's going to continue to fracture the Democratic Party. Because like, like one in fucking seven Americans owns Bitcoin, like owns Bitcoin.

This is according to the study that Troy Cross did. There's probably a margin of error there. But even if it's one in fucking five Americans, that's already a shitload. And we are not even in like number go up mania yet where people are like, I probably need some of that. This is a growing coalition. And to fight against it is just like, first of all, you're fighting against freedom and you're just fighting against people from all walks of life. It's not like these are just the crypto bros or all these, you know, like not every, you know,

Bitcoin bro is as fucking radical as case in over here, you know, and I mean that in honestly the most complimentary way possible just so know, Eric, but like that, like what the fuck are they fighting against? What are they anti your anti freedom? Your anti people being able to make decisions for themselves. But it's like, like it's like my body, my choice, like my fucking money, my choice. Fuck right off. Anyway, I'm so glad I was so glad she was reelected. That's it. That's

Erik Cason (48:25.289) Thank you, I appreciate that.

HODL (48:38.968) 100 % no, I was gonna I was gonna say the same thing you said which is that it's such a it's such a bipartisan like coalition multi racial like pluralistic like I mean Bitcoin is a large tent like the Orange Party is the largest tent we have politically and they did they made a large mistake going after us because you know, first of all, it's like

Erik Cason (48:44.359) back in a minute, gentlemen.

HODL (49:06.604) Are you dumb? You're going after young millennials with money who are multi- like racially diverse? The fuck is- are you stupid? Like what's wrong? It doesn't even make sense. It doesn't even compute. But anyway, listen, there was a referendum on these people last night. I feel confident that this worldview is going to be dealt a hearty blow. And they're gonna realize that, you know, there's a new player in town and it's the crypto lobby and the Bitcoin lobby.

And David Bailey in some non-trivial fashion was responsible for freeing Ross Ulbrich from prison or will be responsible for freeing Ross Ulbrich from prison and for getting Donald Trump elected. He made a significant, you know, mark dent on this election and he's the MVP of Bitcoin in 2024. Like that goes to David Bailey, number one with a bullet. There's no one else that even came close this year. And, you know, I think

It just reminds me, I was talking with David Zell about this last night that you can just do things. You can just do things. Whatever you want to do, you can just do it. Just do it. Elon wanted to affect the election. He just went out and rounded up a bunch of Amish people and drove them to the polls because the Amish can't drive themselves to the polls. He was like, we will drive you to the polls. You hate the government, right? And the Amish were like, fuck yeah. They tried to shut down our raw milk and shit. And Elon was like, yeah, fuck that.

We will drive you there. Let's all go vote. You can just do things. You don't have to wait for anybody. Nothing's decreed. Like, listen, fiat is a fucking disease of the mind. That's what it is. And every currency on earth that's not Bitcoin is fiat. Ethereum is fiat. Solana is fiat. Tether is fiat. They're all fiat, okay? And then obviously all the fiat currencies are fiat. But fiat is not just affecting the monetary supply and material goods like iPhones and shit. No, fiat affects

You. It affects your mind. It affects the way you think. You think that the world is decreed to you from scribes on high. It's not. The world is built by people that get out and build the fucking world. So if you want to do something, just go do it. Get politically active if you want to be politically active. Build a business if you want to build a business. Build a family if you want to build a family. Build an estate if you want to build an estate. Go to Mars if you want to go to Mars. Fucking just go do it. Do what you want to do.

HODL (51:31.916) That is the Bitcoin story. Not by decree. No one tells you to do it. You decree it. You fucking decree it. You go out and do what the fuck you're gonna do in the world. That's what we're doing here in Bitcoin.

Erik Cason (51:52.808) the to elaborate on your point, like, this fucking disease has rotted out 95 % of all of the creative potential of people everywhere. And it's great to see that that 5 % is making the change for the other 90%. Like, what we're seeing being developed in this entire system is fucking phenomenal. And people are not asking for fucking permission anymore. And I really hope between what we're seeing in Bitcoin, and the renewal of this American spirit that like,

Like one of the things I didn't realize last night with that I was so excited about when I started watching the Bitcoin price go up and the markets go up. was like, yeah, like there's this entire economic engine that's sighing with relief now that they're not going to get fucked out of existence by a socialist government that fucking hates them. And that maybe there's real potential to actually create dynamic change. Like I actually, and I think it's really interesting that people like this tariff thing's going to destroy anything. Like fuck that, this tariff thing's going to supercharge the fucking economy.

Like it's gonna turn out that like people that are importing cheap shit from China and they have to pay twice as much, they're gonna go, you know, maybe I'm gonna buy the American made thing where I'm not gonna have to pay twice as much for the same thing, you know? And like that's a really great fucking thing. And I understand all the economic arguments about how tariffs work and otherwise, but like, let's be clear, cheap shit from China that's subsidized by slavery, like it's not good for fucking America. You know what's good for America? Shit made in America that paid American people.

HODL (53:17.067) huh.

Erik Cason (53:18.59) that give American salaries so that they can spend money in America. And like, not to get on the nationalistist thing, but like, the other thing is, like, the world fucking needs Americanism right now. Like shit is fucked up and there needs to be a renewal of this American spirit that pushes out into the world that, you know, is what 1776 was about, which was a global revolution that then swept through Europe because they're like, yo Europeans, look, we just like fucked up the British empire and we...

Walker (BitcoinPodcast.net) (53:30.43) Yes.

Erik Cason (53:47.21) earned our own rights by fighting these assholes. Would you like that? They're like, yeah, this like monarchy shit is bullshit. Let's, let's fucking fight. And I hope that we're going to see a renewal of that same spirit that we're going to fight back against our federal government and their surveillance in the deep state and that we're going to push that shit out numb into Europe and that the Europeans are going to be like, yeah, you know what? turns out getting asked fucked by our government and getting global surveillance through a CBDC is bullshit. Let's fight these motherfuckers. And I would love to see more than anything.

See, a sincere German nationalist movement renew itself instead of them living in their fucking shame about Nazism and like, get that like that shit's over guys and that like Germans, you actually have some like really great shit about your culture that if you guys can protect in a meaningful way, very similar to Americans and still be able to be inclusive with that ideal, like there's something great to be done. But like living in all this shame about like, like.

we're bunch of racist Nazis because we believe German culture is great is the same kind of bullshit that they're trying to tell us about because you believe in America and what America means, it doesn't mean that you're a far right racist. It means that you're a fucking American that believes in the real values and ethics of what it means to be American. So, you know, fuck this fiat bullshit, fuck CBDCs and it's time for us to really start rebuilding in a meaningful and thoughtful way on top of a Bitcoin standard because that's really an American standard.

HODL (55:00.344) Mm-hmm.

HODL (55:12.162) Fuck yeah. Fuck yeah. Fuck yeah. Fuck No. No. No. No.

Walker (BitcoinPodcast.net) (55:12.479) fucking it. Fuck. Yeah, Wait, can we talk about Europeans for a second? Because like, wait, wait, just for one second. Cause have you noticed that the only people more confused about what happened in the U S election than the Democrats are the Europeans. They're like, on. What do you, what do you mean? Don't you understand? He's mean and bad. And how sad is this? These Americans, how did like it's it's mind blowing. And then you're like, God,

HODL (55:24.822) is the Europeans,

Walker (BitcoinPodcast.net) (55:41.149) Like your point Eric like yeah, like I'm like so I feel like sometimes I went through the state like a stage in my life where I was like not I love America I love America because I love the fucking American idea and I love the American people and I love the possibilities that the existence of the American idea Allows for people in this country because it allows people to fucking create and build and do meaningful things but I went through a stage where I was like, you know, this is on my my Bitcoin journey where I'm also like

Well, but the fucking military industrial fucking war machine, the fucking the fucking fiat monetary colonialism that's perpetuated by the IMF and the World Bank, like and the Federal Reserve. This is this is bad. Like and then I got to the point where naturally like five seconds later I was like, yeah, but that's not America. Like that's fucking institutions. That is US government institutions. Those are institutions of theft and destruction and death.

America is a fucking idea and it's the people who hold that idea up and use it as their fucking torch to bring light into darkness and That is what I think people can get behind and I think you should be able to fucking get behind that Like I don't give a fuck what political party you fucking identify with like this week or forever in your entire life like There I don't know if you guys have heard anybody say this before but there is no red. There is no blue There is the state and there is you

Yes, there are meaningful differences in political parties. Obviously, there's a difference between Kamala, like what Kamala's administration would have been and what Trump's will be. But ultimately, we are not a divided people. We are a people who are united around the idea that America is fucking amazing. That idea is fucking amazing. And we are going to be fucking damned if we will let the state usurp that idea for its own fucking death and destruction and theft. And I think

I hope that more people can get around that and realize that look we're all on the fucking same side. There are two sides. It is the people the independent individuals and it is the state. There is no other side like there's no there's no other sides. You can color the horse a different color but like it's still the state granted again. me caveat. There are some differences especially you get down to local governments. There's a lot of difference but like we have so much more not to sound fucking cheesy.

Walker (BitcoinPodcast.net) (58:02.634) We have so much more that brings us together than divides us. And what brings us together is the idea that America is fucking special. And if it wasn't for fucking America, Europe would be still have been fucked from those fucking German Nazis, actual Nazis. Like we have literally pulled Europe's own head out of its ass so many times. And yet they still look at us like, well, these, you know, uncouth barbarians. It's like, you know, fucking right. We're uncouth and we're fucking barbarians. And there's a reason that you called us.

when you fucking got your panties in a twist and started murdering tr- like millions of people because you couldn't handle it on your fucking own, you pansies. Like, I love- for any Europeans listening, I fucking love you because you're listening to this and you obviously have a set of balls or maybe not balls, you know, you may be a lady European, but like, America is uniquely positioned to drive massive change in the world because of the American idea. That is what I would say.

HODL (58:58.392) The American, by the way, the thing that's beautiful about America, the American ideal, what is it, right? Like people might not know, especially if you're from Europe, the American ideal is I am the king of my own castle. I am, I am the captain of myself. Okay. I do not have to do anything that you want me to do. I am in charge of me. And if what I'm doing doesn't harm anyone, I should be completely allowed. And I'm well within every right, my God given rights to continue doing that thing.

That is a new idea in the world. It's a baby idea. It's only 250 some odd years old and not quite 250 yet. It's only about 250 years old. And we have to protect that idea because that's the most important idea in the history of the world thus far. And every time I see Americans exercise it and say, a second. Sometimes Americans get caught up in this thing where they're listening to people they shouldn't be listening to.

You know, they're to the television, Rachel Maddow or whoever, Joy Reid, Whoopi Goldberg. And then they go, wait a second, why? They just wake up and they go, why have I been listening to this bitch? What the fuck am I doing listening to this person? I'm just gonna do whatever the fuck I want. No! I'm doing what I want!

Erik Cason (01:00:18.705) Well, Hoddle's out now because he did what he wanted. Look, these are really important.

Walker (BitcoinPodcast.net) (01:00:23.144) Wait, is your computer okay?

HODL (01:00:24.984) I didn't mean to hit the computer, but it's okay, it's fine.

Walker (BitcoinPodcast.net) (01:00:28.072) I thought that was for dramatic effect.

Erik Cason (01:00:28.409) The, the, yeah, it was good. These are really important ideals and like, you know, to, reemphasize everything that you said, Walker, like it took me a long time on my own journey as an anarchist. So like, like I'm an, I'm an anarchist and I'm American. Like I fundamentally believe that Americans on a whole, like we have all of the same value sets. Like nobody wants to hurt other people. Nobody wants to be hurt. People want to respect each other's right to private property. People want to see innovative and creative solutions and

and like let people be freaky and do what they are. And so like, I see reactions on both sides. It's like, look, like if you want to be your gay transgender lizard or like whatever the fuck you want to identify as, like that's fucking great. Good for you. Like do not come into the fucking schools and try to teach kids that shit. Like I'm uninterested in that. In fact, like why the fuck are we doing this school thing? Like if you look at the fucking department of education, you know what every single standard has been measured to do each year?

It goes fucking down. That's what it does. It teaches kids to be fucking stupid little robots that can't think for themselves. Like it, I find it deeply disturbing when I, when my son has friends that are in public school come over and like how fucking remedial they are and how much they, don't, there's a certain creativity that they really lack that I find fucking disturbing, you know? And also on the same side, like just cause people want to be weirdos and freaks don't mean that we have to hate on them and remove their right to be fucking weirdos and freaks. It's just like, don't.

In the same way that like, I'm not going to put my shit in your face. Don't put your shit in my face and don't try to use public institutions to do that. There's no fucking need. Same thing. Like I have no fucking interest in deporting people from this country just because they disagree with me on different principles. Like we need to learn to live in fucking peace and have a radical modernism between us because without that, they're like that. That's what America is all about is about being able to figure out.

How do we live with these ideals that allow for us all to flourish despite how different we are? know, like Europeans like take a fucking cue from us. Like, you know, like we, we figured out how to make this shit work. You guys are trying to model the same thing, but to be very clear, like what you guys are doing with the European Central Bank and the EU and shit, like this is not going to end well for you guys. And so I really encourage

Erik Cason (01:02:47.665) And like I've noticed this more coming from German specifically like you guys need to redouble in your own nationalism and so far of that like you guys are actual independent countries and you need to stop letting this fucked up institution that got created by a bunch of bureaucrats that told you that everything was gonna get better with it. You know like I have an uncle that's lived in Berlin since the 1970s and he knows the conversion of when they went from the mark to the euro fucked everybody over super hard and that's how it is kind of universally.

You guys should really consider taking back national sovereignty, destroying the European Central Bank, and probably, you know, the fact that the thing is ran by an actual fucking financial criminal who has been found guilty of financial crimes, that's pretty fucking ridiculous. And it's pretty ridiculous that you guys tolerate this bullshit being shoved down your throat from Brussels, so...

I really hope that you guys are gonna light shit on fire, cause like, when you guys commit yourself to burning shit down and like throwing shit at people and other stuff, you guys are really good at it. Like, into that. Like keep doing more of that. Like stop, stop with this other fucking nonsense. Cause you know, you guys are gonna get something pretty nasty out of it if you guys keep tolerating this bullshit.

HODL (01:04:03.836) You know what I think the difference between the European mind and the American mind is is that in Europe for you know, thousands of years, if you talk back to the nobility, they could kill you with impunity, right? And in America, one day we took a look at the nobility and we were like, fuck you. We just killed everybody, bro. You know, and so that's different starting points, you know, inception.

Erik Cason (01:04:24.048) Yup, fun f-

Erik Cason (01:04:27.868) Fun fact is that there is an actual amendment to the United States Constitution that is still active to be ratified by states that if you are given a title of nobility in America, you will be stripped of all political rights and positions. think it was the, because there's like three outstanding articles that could be ratified by states, like aren't, like another is about like child labor. The other one's article the first, which.

HODL (01:04:49.706) Yeah.

Erik Cason (01:04:53.424) I've had another great radical plan of like forcing state legislatures to ratify article the first to be, and it's called that because it was the first article to ever be that passed through the congressional approval process. And it went to the States to get approved, but it was never approved. And what article the first stipulates is that no representative of the federal government shall ever represent any more than 50,000 people at a time. And to be clear, if that passed today, that would mean that the House of Representatives would be like,

7,000 people or some shit like that. So that would be really fun if we like got states to pass it just to fuck up the federal government. Cause this is my big thing that I want not only for Americans, but for Europeans and all people everywhere is that like, I believe very, very strongly it is about states, provinces and counties against their unified federal government. Like if you look at what's going on in Spain right now, after the crisis that happened in Valencia and how much the federal government is absolutely fucking those people over.

This is where the real war is at. So I'd like to see more radicalism of states' rights against federal governments across the board. And I think that would really help solve a lot of problems.

Walker (BitcoinPodcast.net) (01:06:02.717) Eric, you mentioned something earlier about, like, just speaking of states' rights, that if, what was it, 35 states were to basically resolve internally, like, as independent states, that we should end the Fed, that the federal government would basically need to scramble. Can you elaborate on that a little bit more for those of us who are less constitutionally literate?

Erik Cason (01:06:20.71) Yeah, so this is all a hypothetical way to be able to ratify the United States Constitution directly using state legislatures only. Nothing has to go through the federal government and it is not supposed to have any oversight. This has never happened in American history because every single time that this method has been used to amend the Constitution, when it's gotten within two or three states,

The federal government has essentially flipped the fuck out and Congress has passed that amendment to the United States with the same language directly so that this was all circumnavigated. There was a Supreme Court decision in 1908 that essentially said if states tried to do this, we wouldn't recognize it. But like this is all about creating constitutional crisis because the 10th Amendment is very explicit and that any powers that are not enumerated to the federal government directly in the Constitution are reserved for states alone. So.

The whole idea would be essentially be go state by state, get the exact same language passed saying that we are calling on an Article 5 convention to amend the United States Constitution to end the Federal Reserve and that the federal government shall have no oversight whatsoever around the issuance of a currency. And in theory, it could pass. For me, the big goal is to get it past 33 states or something.

federal government's gonna freak out. You're probably gonna have the judicial branch being like, no, this is illegitimate. There's no way to amend the constitution without the federal government. We're gonna be like, Texas, what do you think about that? They're trying to say that the sovereignty of your state and what you guys decide isn't okay. Is that something you agree with? How do you feel about that, Nevada, Wyoming? Is this okay with you guys?

Cause for me, the big crisis that happened in America, which is where fiat money started in America was during the civil war. And as much as everybody likes to suck Abraham Lincoln's dick and celebrate him as being a really great guy, good job with like ending slavery, but like you like really fucked up a lot of other stuff with what you did in that. Not to mention that like explicitly creating an amendment to the United States constitution that says that other people can't have slaves, but the

Erik Cason (01:08:28.913) the state itself can have slaves is pretty fucked up. So with that, I really encourage everybody look into the Article 5 ratification process. I really have a boner for the idea using this to like fuck up the federal government across the board. Because to me, this is actually about a radical evolution of the political process that like I think federal politics is fundamentally broken. And if there's a way to lateralize a national movement that uses

only states and state legislatures to start amending the Constitution, or even calling for an Article 5 convention to rewrite the Constitution on a whole, which is also specifically reserved by Article 5 in the U.S. Constitution, there's actually an opportunity for us to roll back radical federal power, destroy the deep state, and renew the American dream throughout the globe by essentially creating the American dream with the federal government and the deep state stripped from it. So that's kind of my insane idea.

you know, let's have a couple lawyers and legal scholars come in here and tell me how I'm fucking insane or wrong or maybe even right, but as far as I know, this is an actual thing that could happen. It's just been kind of buried in history for a long time.

Walker (BitcoinPodcast.net) (01:09:41.32) HODL your thoughts.

HODL (01:09:43.512) I listen, I'm an Article 5 maxi as well. Eric has explained it to me multiple times. just, you know, I think like in practical terms, I just I just don't think we're gonna be able to do that. Yeah, it'd be cool. It'd be cool if it happened. You know, I would be for it.

Walker (BitcoinPodcast.net) (01:10:00.4) Let's let's talk about some practical terms then because okay I want to want to get your guys take on this whole Bitcoin strategic reserve thing Senator okay, so you we remember at the Bitcoin conference in Nashville Trump gave what I think was honestly incredible stand-up performance like that dudes a dude he riffs like he's he's Like you cannot argue with the fact that the dude can fucking what does he call? He calls it the weave right? You know like he riffs. It's impressive. It's just

HODL (01:10:20.344) It was funny. Yeah.

HODL (01:10:25.91) leave.

Walker (BitcoinPodcast.net) (01:10:28.702) very like nice routine. yeah. Yeah. Go save the delivery man. But, and he talked kind of like, we're going to keep the Bitcoin that we have, you know, we're not going to sell any of it. He didn't like explicitly say we are going to start, you know, printing fiat to acquire Bitcoin. He said he would protect the industry though. He said a lot of positive things. Then as everybody is leaving the stage, like after he finished, Lummis comes up and is like, I have a fucking bill right here. Like

Erik Cason (01:10:29.088) My dogs are attacking the delivery man, so I gotta stop them.

HODL (01:10:31.416) Nope.

Walker (BitcoinPodcast.net) (01:10:57.703) I have a bill for the US to establish a strategic Bitcoin reserve and like I felt bad because like again like people are like yelling like everyone's leaving the thing like and I'm sitting there like she just like this is fucking actually actually news that lumos is like I've got a fucking bill for this she's been on top of it since then Do what do you think is the most likely scenario that's gonna play out as far as the establishment of a strategic reserve? Is this something that like Trump is gonna be all for?

HODL (01:11:05.442) Yeah.

Walker (BitcoinPodcast.net) (01:11:24.455) Like once he gets a little more knowledge of it, where do you think we're going with this?

HODL (01:11:27.348) So the way that Trump said it on stage initially is is wrong and can't happen. So the Bitcoin that have been seized, you know by whomever, whichever government authority sees them, then there are multiple government authorities that have seized them over time. They belong to somebody they have owners, right? So like most recently the Bitfinex hack there was four billion dollars worth of Bitcoin or something that was seized by the US government, but that Bitcoin all belongs to

people and it has to go back to them. So you can't use it for your national strategic stockpile. But in general, I think the idea of a national strategic stockpile is something that is going to happen one way or another. I think it's inevitable. Whether it goes on the central bank's balance sheet or whether it's put into the hands of the executive branch, I'm not sure. But America is going to acquire a large swath of Bitcoin at some point.

I think there's a the most interesting thing about it is the prisoners dilemma of the nation state level game theory around who goes first So if you go first, you're the most advantaged, right? But for some reason I don't think this is widely known and so nobody's gone first yet or maybe it's because we don't have Younger people who understand these things or have game this out Is Trump's administration administration where we we can do those things I think

Maybe I mean, JD Vance is a Bitcoin or Vivek is a Bitcoin or Robert F. Kennedy Jr. is a Bitcoin or Tulsi Gabbard is a Bitcoin or Elon Musk is a Bitcoin or Trump owns a little bit of Bitcoin. He's dabbled in some crypto bullshit. He has his own shit coin. So yeah, I mean, there is a potential that it could happen this time around. I think the most important or the most interesting thing to me is the game theory between other nation states. And then the thing I was going to mention is in some

To some degree, I think the Bitcoin that's in the public markets is a honeypot for the US government. So MSTR is a honeypot for the US government. The ETFs are the public companies that have Bitcoin on treasury like Tesla. So those things are things that can be nationalized in a moment's notice if needed. But we're not on a Bitcoin standard. So the government doesn't need to seize your Bitcoin yet. If fiat starts to collapse, they may need to seize your Bitcoin.

Walker (BitcoinPodcast.net) (01:13:33.256) Mm.

HODL (01:13:56.273) They may seize your b- They'll never need to do it. I mean, they just will do it, right? And so, yeah, I think that's- Those are my high-level thoughts around everything, though.

Walker (BitcoinPodcast.net) (01:14:04.595) Do you, I assume when you talk about a first mover advantage, you're discounting El Salvador in this particular instance because they do not print their own currency, because they are dollarized. Yeah.

HODL (01:14:12.756) It's too small. Well, it's also too small. It's just too small. El Salvador is a very poor country. They're doing listen, they're doing great. They're on the upswing, but they're not a player in the world. They don't mean anything like I mean, El Salvador is a tiny nothing country with no resources like I love what's going on down there. You're always probably they're very small. If you looked at them on the map, it's like this big. It's yeah, it's Russia, China, America.

Walker (BitcoinPodcast.net) (01:14:28.105) For now, for now, for now, let's let's let, yeah.

HODL (01:14:41.238) France, Germany, those are the countries that one of them needs to go first. G7.

Walker (BitcoinPodcast.net) (01:14:45.897) Do you so I mean like Russia has been shifting some of its stances around Bitcoin mining and Bitcoin more generally recently. mean do you think that like that is like we're going to see a lot more of that because Russia was for a while very like no we're you know not a fan of this. mean you know it's not the not the freest country in the world let's say and so freedom money tends to be a little bit.

It's like oil and water, like they don't mix well, right? But clearly they're realizing the geopolitical significance of Bitcoin, which is still sitting at like, I mean, I don't know what the market cap is right now after we're over, we're pamping, but like, we're not over 2 trillion yet. We're at like what, below a trillion and a half, like 1.5, which is fucking nothing. Like in the grand scheme of things, like we are still fucking early.

Erik Cason (01:15:31.04) point five.

HODL (01:15:37.74) Yep. Smaller than Apple Computer.

Walker (BitcoinPodcast.net) (01:15:42.303) Yeah, Bitcoin did just pass meta though, right? I think like today like I believe so, but I don't know like

HODL (01:15:47.308) Probably.

Erik Cason (01:15:52.717) That piece of shit company is worth one and a half tru- Like what the fuck is wrong with this world? I'm sorry, like that- that is upsetting that so many fucking morons are on that goddamn surveillance platform giving away their information towards somebody that fucking hates them.

HODL (01:16:02.38) It's.

Walker (BitcoinPodcast.net) (01:16:06.473) to, it's just,

HODL (01:16:08.214) Instagram is very popular with the hoes Eric very popular

Erik Cason (01:16:11.434) I know. Bitches just be scrolling.

Walker (BitcoinPodcast.net) (01:16:12.551) And Facebook's very popular with the boomers. Like I think boomers are the only ones left on Facebook. I'm honestly convinced, which is hilarious because the boomers were the same ones being like this, this, these Facebook's are going to melt your brains. And now they're like, you know, like this picture of Donald Trump and Jesus is incredible. Like when did they take this? This is amazing. Like, don't think boomer boomers have really bad AI detection skills. Also, that's a slight digression, but it leaves them very vulnerable to manipulation. I think

HODL (01:16:24.342) It's, yeah.

Walker (BitcoinPodcast.net) (01:16:40.456) It's also kind of cute and endearing. God bless you, you bought your house for two raspberries and now you're a multimillionaire.

Erik Cason (01:16:47.724) look like in all honesty, like I see the next decade is like there's gonna be this really it's funny because I remember I was at Burning Man. I'd taken a bunch of acid and I was talking to a younger friend about this and I like went on this crazy diatribe. was like, yeah, in 30 years, we're gonna have like a youth fascist movement that's just gonna be all about like fucking stripping the boomers of their property and like sending them off to the prison camps for liquidation just because people are gonna be so fucking angry at the way that they feel like they were robbed and stolen from. So like

I don't know. It's very similar to that Junseth podcast where he talked to that young scammer where he was pretty indifferent to the way he was ripping people off. honestly, young people have a pretty good point. Yeah, if an AI boomer can't tell the difference between Donald Trump and an AI bot, and you can rip him off doing that, why shouldn't you? Yeah, he made his millions of dollars from watching his house inflate.

HODL (01:17:21.57) of these cameras.

Walker (BitcoinPodcast.net) (01:17:23.049) was amazing.

Erik Cason (01:17:46.102) you know, because of how fucked up the monetary system is. So why shouldn't you just engage in outright graft? I'm not saying that that's right in any meaningful way. Like it's an honest and open-ended question that frankly, I've really struggled with, like meaningfully answering to them. Cause like, yeah, this system has absolutely fucked you and robbed you. And there is no meaningful way that you are going to crawl out of the hole that you've been forced to live in. So like, I don't, I don't know what you can really do to try to protect yourself other than get yourself on a Bitcoin standard.

HODL (01:18:15.108) you? Do you that's Do you think that's true, though? Because like, didn't you feel that way when you were 1819? Because I did, I felt like the boomers had pulled up the ladder. They got rich selling houses back and forth to each other. We were never going to be able to do the same thing, etc, etc. And then God was just like, boom, here's, here's digital coins, bitch. And I was like, fuck. This is amazing. I'm richer than these guys could have ever dreamed. Yeah.

Erik Cason (01:18:15.414) But you probably shouldn't be robbing people, because that's fucked up.

Walker (BitcoinPodcast.net) (01:18:18.344) Yeah

Walker (BitcoinPodcast.net) (01:18:38.045) you

You

HODL (01:18:43.158) So I mean, think there's always something on the horizon.

Erik Cason (01:18:43.567) I mean, for me personally, for me personally, yeah, but like, I, and like, this is one of the things I always struggle with is that like, we're in an extremely unique position, you know, across, like, that's one of the reasons I didn't just like take the money and run is that like, feel a real obligation towards speaking to the very real power that this has to like, write the economy in a meaningful way again. And with that being said, like,

If I was 20 years old looking at the economy right now, like I would very sincerely be trying to build a career as probably both a drug dealer and a scammer just because I look at the world and be like, why the fuck should I participate in any of this goddamn non- like you want me to fork out $400,000 to get a fucking bachelor's degree while you got that shit for free? Like why the fuck shouldn't I just set fire to everything and watch it burn because

What do I have to win in this system? Like, like I can work for 30 fucking years so I can get a down payment on a home that then I'll spend the next 30 fucking years trying to pay off scraping by. Like, I think shit is really, really fucked up. And I think the only reason that kids aren't outraged is because they're so dopamine addicted to the scrolling that they can't even pull their head far enough out of the phone to stop and look around and go, gee, shit's really fucking bad. But that terrifies them. So they look back at the phone and keep scrolling.

so I think shit's kind of sad right now, but, you know, like I, I hope I'm wrong and that it's not actually that dark out there, but from the, from the young people that I speak to, like, there isn't a rage about it. There's like a very real defeat that like they have been beaten down into a cage that like, they're just doing their best to figure out how to be in. So, while I do agree that I did feel that way when I was younger, like I very sincerely feel like I just like found the fucking glitch in the system.

And I remember like picking it up and being like, there's no fucking way that like magic internet money is going to become the global standard of the future and like make a difference in the 2024 presidential election. And the funniest thing is, that like, there was no political conversation about Bitcoin in my opinion, up until about 2016. Like there were, there was no conceivable difference. know, like crypto didn't even exist on a whole. There was a bunch of shit coin copies, like Litecoin and Feathercoin and shit.

Erik Cason (01:21:07.812) But it was only with the premiere of Ethereum that Bitcoiners were like, hang on, like, we're trying to like make a kind of money that you can't fuck with. And they're like, yeah, like I thought, I thought this was the whole thing that we could just like make up Clowncoin and like make a bunch of money. And I was like, I think we have like different ethics here. And they're like, huh. So like, you don't want any Clowncoin? And I was like, no.

Good luck with that though.

HODL (01:21:32.28) No, mean, you know, I think that, okay, so one thing is, did you see the scammers who got caught for 250 million? They hit up a Genesis creditor for 250 million. Did you see that story?

Erik Cason (01:21:44.022) yeah, yeah. Wasn't this a while ago that they just, you it was like, he had like fucking, like two FAA, like through texts or some shit and they just, just, yeah.

HODL (01:21:52.438) Yeah, they posed as I think they pose as Genesis or so I can't remember how the scam worked. But anyway, like they got $250 million in Bitcoin off of this guy. And it wasn't that long ago. was like six months ago or something. And then what did they do? They went out to the clubs in Miami and LA and they started buying OnlyFans girls Birkin bags and Lamborghinis and whatever. And my favorite text message from the thread is by the way, and then the FBI caught them two months later because

Everybody who's ever seen Goodfellas knows you don't go out and buy a fucking pink Cadillac day one. Are you fucking retarded? Robert De Niro is gonna whack you, okay? Or they don't watch it? Yeah, it's like, the kid literally bought a pink, he bought a pink Lambo for a girl. That is in Goodfellas, the guy does that and then he gets whacked.

Erik Cason (01:22:29.509) Kids don't watch oldies anymore.

Walker (BitcoinPodcast.net) (01:22:31.567) No, the answers are all there. They gave you the answers.

Walker (BitcoinPodcast.net) (01:22:41.425) Also, like she's not going to bang you either way, bro. Like, you know, seriously,

HODL (01:22:43.704) Well, that's the point. That's the point I'm getting to. So there's a text message from the girl and he goes, hey, what's up? I bought you a fucking pink Lambo Urus. You want it? Let's be friends, whatever. And she's like, lol, I have a boyfriend. Sorry. And it's like, dude, you are going to get ass raped in federal prison for the next 10 years.

Erik Cason (01:22:44.377) Yeah, that's like the most beta fucking move you can make.

HODL (01:23:09.568) and you couldn't even get the girl to sleep with you after you bought her a fucking Lamborghini. You know why? It's because when you earn money that way, girls know. They know that you're a fucking loser. They can feel it. They can sense it. Right? And so like she didn't want to have anything to do with you. So it's like, what did you get out of the score, bro? You went to Rodeo Drive and wore some gay Louis Vuitton shit for a little bit and we're in the nightclub fucking sipping on fucking...

awesome, Migo, fucking Don Hoolit, whatever the fuck, like what the f- that's nothing. You threw away your life for nothing, bro. Come on.

Erik Cason (01:23:41.263) Yeah, not to digress, but like if you want to like get rich and make a bunch of money to like get all the hot bitches, like I got news for you. Like it's not gonna work in any meaningful way. And like, you're actually gonna find yourself in like a super bitch beta position where you're gonna be like, huh, like I just like drove this girl in my Porsche over to this guy's house that she's like, that isn't my boyfriend. So.

HODL (01:24:06.808) It's just her trainer dude, it's just her trainer dude. He's the only guy who can work her glutes right bro, it's a thing.

Walker (BitcoinPodcast.net) (01:24:09.639) It's just Pilates instructor. It's cool, man.

Erik Cason (01:24:12.716) Yeah.

I'm going to, you know, she needs me to pick her up in a half hour. So I'm just, I'm going to hang out at this coffee shop just cause I wonder why she's doing only a half hour of Pilate though. That's kind of weird.

Walker (BitcoinPodcast.net) (01:24:24.735) That's strange. Doesn't seem like enough to get a good burn.

HODL (01:24:25.836) was like a... No, dude, it's more intense sweat, dude. If you do it that way, it's what...

Erik Cason (01:24:31.644) Well, and look, the... This is all part of the general nihilism that's playing out, because like when you get that money, when you get money that easily, that quickly through doing dumb shit like scamming, like you're not going to like stop and be like, whoa, like I finally got the lotto ticket to get out of here. Like I'm going to buy a couple of laundry mats and maybe like, you know, like a driving range and a couple other places that can really generate some cashflow for me.

No, you're gonna do like a bunch of retarded shit like that and you're gonna blow the money. like, this is one of the things I love the most about Bitcoin. It's like, Bitcoin doesn't solve cashflow problems or if like you don't have any meaningful like model that you're operating from the world from. if you can't save money, like you will not have any fucking Bitcoin. But like, if you're somebody who's like thoughtful and saving money and you have like a 401k and you've like played their game and gotten fucked by that, like.

Bitcoin's going to be hugely helpful for you because like now you're actually going to have a like savings that like does the thing it's supposed to do. So good on you. And also like, I'm sorry for all the younger kids that are getting fucked by this system that hates them. Like you really should be on only a Bitcoin standard. And if you're not, like I, I would love to hear your solution on why we're fucking dumb and you have the solution. Cause as far as I can tell.

You're gonna work at a Starbucks for the next 30 years and live in your mom's basement and like maybe, maybe if you want a family, you'll have like a chihuahua or something like, look, I got two dogs right now. Like these motherfuckers eat like nobody's business. So like get a really small dog that like you, you like don't need to like feed a lot of food to.

HODL (01:26:08.075) Dude, you know what though, it's all mentality, truly. It's like, people don't, when you talk about like having children and caring about yourself for the future and you know, making money and how making money is a good thing, younger people are just straight up confused, right? And to us, that's like, that's the default that we grew up in. Those are our values. And yeah, but younger people are like, what? Is this some sort of like, trad, like trad?

Chad movement thing, dude. And you're like, what? This is called being a normal person, retard. What are you talking about? And it's because it's so like they haven't heard it. They've been being dude, if you go to public school, you have been being lectured by cat ladies eight hours a day for a fucking 15 years. OK, like and they have like fucking unicorn fairy tattoos on them and stuff. And they're like, Donald Trump is a racist. That's what you've been dealing with.

Erik Cason (01:26:46.577) You can't say that word anymore.

HODL (01:27:06.432) Okay, so you come out of that and then Andrew Tate's like, if you want to be a fucking man, you gotta have a fucking Bugatti. And then you go, fuck, this is fucking speaking to me, dude. Right? Like, when we were young, that was just like common sense. It was like, yeah, sports cars and hot chicks. Like that's what we like, bro. Like, you know.

Walker (BitcoinPodcast.net) (01:27:26.162) Nobody needs to tell you that dude. Like, yeah.

Erik Cason (01:27:26.46) I feel...

I feel really fucking bad for younger people. Like particularly like if you're like a young guy going through puberty and like you want to like go talk to this girl, but you're all nervous because you've watched all this like cancel culture shit. Like now you're too terrified to ever go talk to her. And now like you haven't talked to any girls in your whole life and you want to, but you can't. So like you feel like total fucking wiener. And then like somebody was like, well, if you feel like a wiener and like being a man's really hard, like maybe you're a woman and they're like, maybe I am a woman. And like,

It's something, it's fucked up. It's really wrong. And like a lot of times these poor kids just need somebody to be like, yeah, like you need to go talk to the woman. She could possibly like get really upset and sue you or some shit, but chances are she's just going to think you're kind of weird and you'll feel uncomfortable and walk away, you know, being blown out and like, that's okay. That that's part of life. It's okay when a woman rejects you. doesn't define you as a human being.

HODL (01:28:17.56) I'm not supposed to say this but if you're a teenage boy Go and get a little drunk and do donuts in a parking lot. Okay. I'm not supposed to say that you probably shouldn't do it, but you know You should probably do it. Yeah, like in an empty parking lot empty. Don't go on the road. Just Donuts you can do it in don't do

Walker (BitcoinPodcast.net) (01:28:31.498) Great advice. It's terrible advice, but it's great advice.

Walker (BitcoinPodcast.net) (01:28:41.608) And honestly, you live in the mid-west, like wait until, like you've got a little bit of snow there, wait until it's a little bit slick, it's much safer to do the donuts when your wheels are actually sliding versus you're like burning rubber. So that, we're tempering the donut device with some good Midwestern, you know, logical advice there. You know, I think, and Hodel, know you've got a hard stop coming up soon. I think we may need to do an entire other...

HODL (01:28:57.653) Absolutely.

Walker (BitcoinPodcast.net) (01:29:08.702) show about the fact that you know who hates homeschooling and who has had homeschooling illegal for a long time. Germany. Thank you. It's it's I appreciate you knew where I was going with that. And you know who implemented that. It was the fucking Nazis. Why did they implement the fact that you can't it is illegal for you to homeschool your kids for you to raise and instruct your kids at home.

HODL (01:29:18.754) Germany, right?

Walker (BitcoinPodcast.net) (01:29:34.868) because they wanted to fucking control the narrative and control your kids and indoctrinate them and make them good little fucking Hitler's youth Nazis. And then we can go back a little bit further to the Prussian system of education, which is like what kind of was the genesis of the Nazi system, which is we want to create great little worker bees and great little soldiers. And the only way we can do that is if we have control of them from the first time they're able to fucking formulate a word.

Until they are of a you an age where it's appropriate to send them off to fucking work until they die or fight until they die I digress a little bit but the point is that if you don't like homeschooling you're a nazi And I mean that literally not like the everyone's a nazi thing like you're literally agreeing with what the nazis wanted So congratulations. You're a literal nazi not a figurative nazi That's

I just wanted to get that off my chest a little bit guys as a homeschooled guy myself who then went to public school because my parents Said it's your fucking decision do what you want to do. They didn't swear at me at that time They just said it's your decision, but I added the fucking but That was a fucking trip getting into public school and realizing I thought I was gonna be real stupid That was like my big worry where I was like mom and dad I think I should go to public school like what if I'm not as smart as the other kids They're always all my friends that I play sports with they're always doing homework and all this extra work like they've to be way ahead of me

They're like, okay, that's your decision. You can decide to do that. But like you've got a you know, like it's your it's your choice So anything that comes with it's your you know your responsibility, okay? And then I got to school and I was like, my god, everybody is fucking stupid. shit They are catering to the lowest common denominator. And this is a fucking joke I dig and I'm not even like that smart like I was smart enough to be a valedictorian and like kind of a bumblefucky town but that's like, you know, like you're the

skinniest kid at fat camp. You know what I mean? Like it's like, okay, like nice, nice job, but like you're still fat. Like, Hey, Hey, you guys are, you know,

Erik Cason (01:31:31.689) There are all these kids from her high school listening right now, and I'm like, hey, I'm not that dumb.

HODL (01:31:35.316) Hey, I often walk here. I often walk in my glue and he sniffed it. I thought we were friends.

Walker (BitcoinPodcast.net) (01:31:42.305) I knew some fucking great fucking people and there were also some great fucking teachers in there who actually were like fuck this administrative bullshit. I'm just going to actually teach these kids. They were also the teachers always getting in trouble with the administration for like you're not following the curriculum. know like but and like I fucking love the small town that I grew up in because there are fucking great people there. The point is that the public school system did no one any favors. And you know what you just don't fucking need it man. You should do like

An hour or two of school a day and you'll be fucking good. That's all I did And then I went and started fires like not pyro fires But like I like to start controlled fires who doesn't you know what I mean? That's part of it And if you're a young guy listening to this and you've never just gone and started a fire fucking a go and start a fire because No, self-respecting woman will marry you unless you can start a fire like and I'm just telling you Yeah

Erik Cason (01:32:31.926) Yeah, do it on metal trash can though, or like somewhere that you're not gonna start forest fire. know, like Smokey the Bear had a point.

Walker (BitcoinPodcast.net) (01:32:37.258) Well, yeah, don't do yet again not pyromaniac fires start controlled fires Learn how to control them and be a responsible member of society who knows how to make flame like fucking hey That's the only reason that we started drinking bone marrow that was actually cooked and had our brains grow and you want to spit on that I don't think so I've digressed a little bit but it felt like I needed to digress a little bit to get us off track enough for hodl for me to allow you to make a graceful exit here How much more time you got you got time for one last?

HODL (01:33:05.928) got, yeah, I got like five more minutes. I can do five more minutes.

Walker (BitcoinPodcast.net) (01:33:06.81) thought Okay, okay, so Okay, it first. I just want to say thank you to everybody who tuned in on this Noster only live stream fuck YouTube fuck live stream on Twitter fuck wherever else you can live stream like twitch I've never used it, but I hear the kids do all these sats that you guys have sent which is almost 50,000 sats which is awesome I'm gonna send them all to open sats and provide receipts. So thank you guys for doing that We're gonna fund some open source development while shitting on ridiculous people

Erik Cason (01:33:10.21) diatribe.

HODL (01:33:34.072) Yeah.

Walker (BitcoinPodcast.net) (01:33:36.352) Closing thoughts, gentlemen. Hodel, you want to kick us off?

HODL (01:33:40.888) Yeah, let me think about this here for a second. What are my closing thoughts? I think...

in general, you gotta just keep living, man. No, I got nothing.

Walker (BitcoinPodcast.net) (01:33:57.792) Yeah, you don't have to have that. You already dropped so much wisdom. Well, Eric, what about you? What do want to leave people with?

HODL (01:34:04.561) Come back to me. Do Eric first, then come back.

Erik Cason (01:34:10.474) Look, Trump getting elected was like a the whole market was like waiting to see whether or not we're going to go into like socialism hell or if there's going to be an opportunity for something meaningful to happen. Now something meaningful is going to happen and Bitcoin is going to rip super fucking hard in the next six months. And so like if you've been like, I've been like, stacking a little here and there, but I got my 401k like you don't have enough fucking coin. You're going to want more coin later and you should stack harder. So you should really consider about like

Put, you know, like stop messing around, like fucking shove it in, like, like put the whole thing in and enjoy what it means and be like, fucking go for it. In addition to, you know, you should really think for yourself, you know, like no, nobody actually has all of the right fucking answers. And if you actually spend some time and energy thinking hard about what your values are and what you want for the world and for yourself, you're probably going to come to some great conclusions. you know,

So I really hope that more of you are going to fly your freak freak flags and like do your own thing. Walker, you're a great example. You're just doing the Bitcoin podcast to swipe the fact that Bitcoin podcasts were saturated as fuck. You were just like, you know what? I'm going to try my own fucking thing. Turns out people like you and like listen to you. So even if it seems in other people are like, hey, this is saturated. There's too many people like go do you and what you're supposed to like, that's what the world wants. That's where you're to find your power and that's where you're going to make the most money. Don't wait for somebody to be like,

You need to call a degree in to suck five dicks at this law firm to get a job to practice law. find, like, find the fucking hack. Figure out the way that you can actually go do the thing that you want to do. What is the world wants for you and other people want for you? The system does not fucking want for you. Like realize that right now, you're going to be way fucking ahead for yourself. So.

Walker (BitcoinPodcast.net) (01:35:36.02) You

Erik Cason (01:35:53.28) I hope to see all of you young entrepreneurs with the production of all of the great and wonderful things that you will be accepting only on a Bitcoin standard because you're smart enough that you don't want to get fucked holding a bunch of fiat that's going to go to zero. That's the end of what I have to

HODL (01:36:06.496) I am. I actually do have something to say I was I was thinking about this. I think going into the bull market, an important message for people that they need to be aware of is that, yes, you should go hard. know, there's that clip of me on Walker show saying stack your fucking ass off and all that. And like, yes, you should go hard. You should you should be here. You should be fully committed to this and you should be, you know, investing a significant portion of what you have available. All true.

Walker (BitcoinPodcast.net) (01:36:06.728) A fucking

HODL (01:36:34.648) but you know in bull markets people take leverage and Leverage is something that people mistakenly think is a time machine to being an og And it's not and you know, we've seen a lot of people get wrecked So if you are gonna take leverage be extremely careful it's it's one of those things that like if you warn enough people about doing it the people that

you know, ignore all the warnings and walk through all the warning signs anyway, and then go do it and succeed. They were always meant to succeed. But for the vast majority of people like you won't succeed. You know what mean? So like you really should heed the warning and only you know if you're that person or not, and everybody thinks they are that person. But you only find out you're not that person who can walk through all the warning signs until you get fucking destroyed. So don't get destroyed. You know what I mean? Like

Erik Cason (01:37:24.676) By the way, this is being said by the man who made a Bitcoin by betting the man who had the leverage platform that his leverage platform would go bankrupt within a year and it fucking did. just saying that Hoddle might actually know a little bit about what the fuck he's talking about. So with that, please don't go long and slam your fucking dick in the door because there's a 10 % drawdown, which could very well happen when we hit an all time high and your retarded ass did a 10X long and didn't realize.

HODL (01:37:32.728) That's right.

Erik Cason (01:37:51.928) that that's what happens. You get fucking liquidated when the price goes down. So don't be fucking retarded and lose the little bit of Bitcoin that you have because you thought that you could get more Bitcoin because you were smarter. You're not. You're a normal fucking person who will hurt yourself if you do that. So sorry, I just really wanted to add.

HODL (01:38:07.746) So no, % 100 % and two cardinal sins here in Bitcoin you need to be aware of heading into the bull market is number one, not being bullish enough on Bitcoin. That's the biggest sin. It's the biggest sin anyone can make. Number two, unfortunately, is being too bullish on Bitcoin. So you got to strike the balance right in the middle there. Because if you're on either side, you're getting fucking wrecked. Okay, so the best way to do that, stack your Bitcoin, hodl your Bitcoin.

do it in self custody, do it in cold storage, do it with a multi sig. Don't go crazy on this, these products, these MSTU and BTU and fucking these leverage products you can now get access to in the markets. Don't go crazy on MSTR stock, don't go crazy on shit coins or meme coins. You know, everybody has a plan. I've met a lot of guys who had a plan to get to 100 Bitcoin, who ended up with zero Bitcoin, right? So like,

Try not to be one of those guys. If your plan has three elaborate steps that involve you hitting a million shot three times, you're not gonna execute that plan, man. I couldn't execute it. I don't know why you think you're good enough to. I don't know why anyone would ever think they're good enough to. Be smart.

Walker (BitcoinPodcast.net) (01:39:20.83) got a fucking three step plan and it's called DCA and fucking like literally guys, none of us are as smart as we think we are. And like that's good. Like you being too smart is just a pain. That's why you know, that's why you need to drink and stuff. But like literally just like just fucking DCA. Like it's actually like just this GCO like you can just buy Bitcoin, set up a daily DCA buy and then set up an hourly DCA buy.

HODL (01:39:24.503) Yes.

HODL (01:39:38.828) Totally.

Walker (BitcoinPodcast.net) (01:39:49.492) and it'll just split the difference and you will be in large profit in the long term. And I have not been around as long as you guys been around since 2020 and I just dollar cost average. And you know what? It works. And I try to create some value. And Eric, to your point, I appreciate that, that you see this journey that I'm on creating another fucking Bitcoin podcast. But I just want to say until there are more Bitcoin podcasts than insufferable fucking finance bro podcasts,

There are not enough Bitcoin podcasts. need to this needs to be the flippening where Bitcoin podcasts are more plentiful than fucking finance bro. Like here here's the real real estate stock stocks that you should buy that'll generate some passive income for you when you're 401k. It's like Jesus fucking Christ. Grow some balls and buy some Bitcoin guys. Yeah. I fucking appreciate you guys. Thanks for hopping on here. This this was a very enjoyable time.

And I know that people fucking love hearing from both of you guys because you are principal dudes who always laid out straight and We are we are very blessed to have you in this fucking strange community of people and it's great to fucking hang out with you guys And I hope we can do it in fucking person over a beer again soon But yeah, hold on get the fuck out of here case it I'm you guys for everyone listening I'm gonna kill this live stream now and we're gonna just to make sure these guys are uploaded. So fucking love you all. Thanks for joining

I'm killing it now.

@ 592295cf:413a0db9

Week 02-11

• Nsite zap by hzrd149 Support page

Content creator want more users. They can go to Bluesky.

Great that Nostr is a Echo Chambers. As stated by Rabble during NostRiga, Nostr is a bitcoin meetup. And it is very difficult as said several times, to subvert this fact. It seems that many bitcoiners don't like this, but they can't do anything, leave Nostr and migrate to other lids.

I'm reading Nostr adventar calendar of Japanese Nostr users.

The first two Don and Jun speak of a Mahjong game and the other of how possibly to count the followers of a given account, countfollowed. - Adventar calendar continue until Christmas 🎅

• Even Bluesky is looking at MLS , is not a soccer league, is a protocol for message by groups, "circles" Post on Bluesky

• Relays chakany is introduce sunday. link

I've never seen such dead animals as in Nostr. Something reminds me facebook. The carnivore folks

Hivemind podcast by Max, the kilometric comment on fountain under the podcast is the most appetizing thing of all. Just one comment, little one.

He interviewed Kagi's and searched for a brownie pill, perhaps caused a little headache. ( Brownie pill is orange plus purple)

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Loss dog on Nostr this week 😔😔 Pam and Derek family dog

conspiracy theory: Fiatjaf was the reply guy!!!

I tried to download voyage, from zapstore but nothing does not work even the 17.1 does not go. Too bad.

I hear so much about notedeck that I want to make a notedeck do it yourself.

Cherry tree, stuck hzrd149 is making an app a day, Chunked blobs on blossom.

A like is used to send your writing Relays

Announcement of a possible wallet in Damus, this could make things better, zap and whatnot.

---

• Or I'm posting a song here, a musical interlude. song on wavlake

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There seems to be a good buzz on Nostr, maybe it's already a Christmassy atmosphere.

• Backup di Bluesky cool things Bluesky post

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On another rssfeed thing.

nostr:nevent1qvzqqqqqqypzq9h35qgq6n8ll0xyyv8gurjzjrx9sjwp4hry6ejnlks8cqcmzp6tqqs93j2remdw2pxnctasa9vlsaerrrsl7p5csx5wj88kk0yq977rtdqxt7glp

It's the same thing as following a cross de bridge, but if they do 3 bridge, I say something is wrong. A bot is attached to a Relay. The Relay goes down and so much greetings, then I can look for RSS feeds in my computer without need of Nostr. I can share a particular opml file on Nostr, but I don't know how to do it I asked Fiatjaf but didn't answer it was taken by dichotomie.

Nip19 really Easy to do filter query.

You have events_id pubkey Relay Instead with Nostr:note you only have the event_id.

• Sebastix says he has to implement it in his library, discover the latest weekly report. nostr-php-helper-library

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Oh no Pablo has become super Saiyan 🤣

There is a way to make a podcast starting from a long text, blog. With artificial intelligence. But then I thought, but if one does not have time could not have the text of the article summarized, perhaps we like generating content. It can be an option, either you read or you listen. But if you do not have time perhaps it is better to just summarize, dear chatgpt summarize this text, done. Essential points and make a thread for the social network and do what you want.

• Homemade Traditional Boozy Mincemeat, I didn't even know that existed 🤙 link to shopstr

Hodlbod news on bunker burrow

nostr:nevent1qqs84na25g6mdelvl0408nnq8m29j5070dm9mvjrzxyc6yrx2udjyuczyztuwzjyxe4x2dwpgken87tna2rdlhpd02

• In case you don't see the note burrow on github

Once you have the email what do you do with your encrypted key? No Enterprise user maybe. Rember the article of Hodlbod in "Is Always a political move". ✅

List of artists on Nostr nostr:naddr1qvzqqqr4xqpzqfngzhsvjggdlgeycm96x4emzjlwf8dyyzdfg4hefp89zpkdgz99qyghwumn8ghj7mn0wd68ytnhd9hx2tcpzfmhxue69uhkummnw3e82efwvdhk6tcqp9qku6tdv96x7unng9grdr

• An article for food recipe on Nostr Article link

I don't know if they'll ever be there. You can write a recipe book. Or to put recipes on wiki, there doesn't seem to be that attention or that desire. One more relay is always better

• Olas has a website 🥊 Olas app

Oh i see cool Hodlbod bot A summary bot

nostr:nevent1qqs0v88uc2u3he3lm3mpm5h3gr8cuht5wv9g0tk0x9hzvamgvpdjwvspzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3qjlrs53pkdfjnts29kveljul2sm0actt6n8dxrrzqcersttvcuv3qu0ltyv

That's all!!

@ a849beb6:b327e6d2

\ \ It was another historic week for both bitcoin and the Ten31 portfolio, as the world’s oldest, largest, most battle-tested cryptocurrency climbed to new all-time highs each day to close out the week just shy of the $100,000 mark. Along the way, bitcoin continued to accumulate institutional and regulatory wins, including the much-anticipated approval and launch of spot bitcoin ETF options and the appointment of several additional pro-bitcoin Presidential cabinet officials. The timing for this momentum was poetic, as this week marked the second anniversary of the pico-bottom of the 2022 bear market, a level that bitcoin has now hurdled to the tune of more than 6x despite the litany of bitcoin obituaries published at the time. The entirety of 2024 and especially the past month have further cemented our view that bitcoin is rapidly gaining a sense of legitimacy among institutions, fiduciaries, and governments, and we remain optimistic that this trend is set to accelerate even more into 2025.

Several Ten31 portfolio companies made exciting announcements this week that should serve to further entrench bitcoin’s institutional adoption. AnchorWatch, a first of its kind bitcoin insurance provider offering 1:1 coverage with its innovative use of bitcoin’s native properties, announced it has been designated a Lloyd’s of London Coverholder, giving the company unique, blue-chip status as it begins to write bitcoin insurance policies of up to $100 million per policy starting next month. Meanwhile, Battery Finance Founder and CEO Andrew Hohns appeared on CNBC to delve into the launch of Battery’s pioneering private credit strategy which fuses bitcoin and conventional tangible assets in a dual-collateralized structure that offers a compelling risk/return profile to both lenders and borrowers. Both companies are clearing a path for substantially greater bitcoin adoption in massive, untapped pools of capital, and Ten31 is proud to have served as lead investor for AnchorWatch’s Seed round and as exclusive capital partner for Battery.

As the world’s largest investor focused entirely on bitcoin, Ten31 has deployed nearly $150 million across two funds into more than 30 of the most promising and innovative companies in the ecosystem like AnchorWatch and Battery, and we expect 2025 to be the best year yet for both bitcoin and our portfolio. Ten31 will hold a first close for its third fund at the end of this year, and investors in that close will benefit from attractive incentives and a strong initial portfolio. Visit ten31.vc/funds to learn more and get in touch to discuss participating.\ \ Portfolio Company Spotlight 

Primal is a first of its kind application for the Nostr protocol that combines a client, caching service, analytics tools, and more to address several unmet needs in the nascent Nostr ecosystem. Through the combination of its sleek client application and its caching service (built on a completely open source stack), Primal seeks to offer an end-user experience as smooth and easy as that of legacy social media platforms like Twitter and eventually many other applications, unlocking the vast potential of Nostr for the next billion people. Primal also offers an integrated wallet (powered by Strike BLACK) that substantially reduces onboarding and UX frictions for both Nostr and the lightning network while highlighting bitcoin’s unique power as internet-native, open-source money. 

Selected Portfolio News

AnchorWatch announced it has achieved Llody’s Coverholder status, allowing the company to provide unique 1:1 bitcoin insurance offerings starting in December.\ \ Battery Finance Founder and CEO Andrew Hohns appeared on CNBC to delve into the company’s unique bitcoin-backed private credit strategy.

Primal launched version 2.0, a landmark update that adds a feed marketplace, robust advanced search capabilities, premium-tier offerings, and many more new features.

Debifi launched its new iOS app for Apple users seeking non-custodial bitcoin-collateralized loans.

Media

Strike Founder and CEO Jack Mallers joined Bloomberg TV to discuss the strong volumes the company has seen over the past year and the potential for a US bitcoin strategic reserve. 

Primal Founder and CEO Miljan Braticevic joined The Bitcoin Podcast to discuss the rollout of Primal 2.0 and the future of Nostr. 

Ten31 Managing Partner Marty Bent appeared on BlazeTV to discuss recent changes in the regulatory environment for bitcoin. 

Zaprite published a customer testimonial video highlighting the popularity of its offerings across the bitcoin ecosystem. 

Market Updates

Continuing its recent momentum, bitcoin reached another new all-time high this week, clocking in just below $100,000 on Friday. Bitcoin has now reached a market cap of nearly $2 trillion, putting it within 3% of the market caps of Amazon and Google. 

After receiving SEC and CFTC approval over the past month, long-awaited options on spot bitcoin ETFs were fully approved and launched this week. These options should help further expand bitcoin’s institutional liquidity profile, with potentially significant implications for price action over time.

The new derivatives showed strong performance out of the gate, with volumes on options for BlackRock’s IBIT reaching nearly $2 billion on just the first day of trading despite surprisingly tight position limits for the vehicles. 

Meanwhile, the underlying spot bitcoin ETF complex had yet another banner week, pulling in $3.4 billion in net inflows. 

New reports suggested President-elect Donald Trump’s social media company is in advanced talks to acquire crypto trading platform Bakkt, potentially the latest indication of the incoming administration’s stance toward the broader “crypto” ecosystem. 

On the macro front, US housing starts declined M/M again in October on persistently high mortgage rates and weather impacts. The metric remains well below pre-COVID levels. 

Pockets of the US commercial real estate market remain challenged, as the CEO of large Florida developer Related indicated that developers need further rate cuts “badly” to maintain project viability. 

US Manufacturing PMI increased slightly M/M, but has now been in contraction territory (<50) for well over two years.

The latest iteration of the University of Michigan’s popular consumer sentiment survey ticked up following this month’s election results, though so did five-year inflation expectations, which now sit comfortably north of 3%. 

Regulatory Update

After weeks of speculation, the incoming Trump administration appointed hedge fund manager Scott Bessent to head up the US Treasury. Like many of Trump’s cabinet selections so far, Bessent has been a public advocate for bitcoin. 

Trump also appointed Cantor Fitzgerald CEO Howard Lutnick – another outspoken bitcoin bull – as Secretary of the Commerce Department. 

Meanwhile, the Trump team is reportedly considering creating a new “crypto czar” role to sit within the administration. While it’s unclear at this point what that role would entail, one report indicated that the administration’s broader “crypto council” is expected to move forward with plans for a strategic bitcoin reserve.

Various government lawyers suggested this week that the Trump administration is likely to be less aggressive in seeking adversarial enforcement actions against bitcoin and “crypto” in general, as regulatory bodies appear poised to shift resources and focus elsewhere. 

Other updates from the regulatory apparatus were also directionally positive for bitcoin, most notably FDIC Chairman Martin Gruenberg’s confirmation that he plans to resign from his post at the end of President Biden’s term. 

Many critics have alleged Gruenberg was an architect of “Operation Chokepoint 2.0,” which has created banking headwinds for bitcoin companies over the past several years, so a change of leadership at the department is likely yet another positive for the space.

SEC Chairman Gary Gensler also officially announced he plans to resign at the start of the new administration. Gensler has been the target of much ire from the broader “crypto” space, though we expect many projects outside bitcoin may continue to struggle with questions around the Howey Test.

Overseas, a Chinese court ruled that it is not illegal for individuals to hold cryptocurrency, even though the country is still ostensibly enforcing a ban on crypto transactions. 

Noteworthy

The incoming CEO of Charles Schwab – which administers over $9 trillion in client assets – suggested the platform is preparing to “get into” spot bitcoin offerings and that he “feels silly” for having waited this long. As this attitude becomes more common among traditional finance players, we continue to believe that the number of acquirers coming to market for bitcoin infrastructure capabilities will far outstrip the number of available high quality assets. 

BlackRock’s 2025 Thematic Outlook notes a “renewed sense of optimism” on bitcoin among the asset manager’s client base due to macro tailwinds and the improving regulatory environment. Elsewhere, BlackRock’s head of digital assets indicated the firm does not view bitcoin as a “risk-on” asset. 

MicroStrategy, which was a sub-$1 billion market cap company less than five years ago, briefly breached a $100 billion equity value this week as it continues to aggressively acquire bitcoin. The company now holds nearly 350,000 bitcoin on its balance sheet. 

Notably, Allianz SE, Germany’s largest insurer, spoke for 25% of MicroStrategy’s latest $3 billion convertible note offering this week, suggesting growing appetite for bitcoin proxy exposure among more restricted pools of capital. 

The ongoing meltdown of fintech middleware provider Synapse has left tens of thousands of customers with nearly 100% deposit haircuts as hundreds of millions in funds remain missing, the latest unfortunate case study in the fragility of much of the US’s legacy banking stack. 

Travel

• BitcoinMENA, Dec 9-10

• Nashville BitDevs, Dec 10

• Austin BitDevs, Dec 19

• Nashville Energy and Mining Summit, Jan 30

@ 78c90fc4:4bff983c

Welchen Impfungen kann man jetzt noch trauen? - Prof. Dr. Dr. Haditsch im Interview mit dem Bitcoin Profi und Autor Marc Friedrich

https://www.aerzteblatt.de/nachrichten/152437/Impfaerzte-haften-nicht-fuer-eventuelle-Aufklaerungsmaengel-vor-Coronaimpfung

https://x.com/RealWsiegrist/status/1870001629325414660

Nebenwirkungen

https://waltisiegrist.locals.com/upost/1949852/gesichert-die-von-der-ard-geloeschten-berichte-ueber-impfnebenwirkungen-https-report24-news-gesi

@ 6f3670d9:03f04036

Disclaimer: - This will void your warranty - There might be differences between the Bitaxe and the Lucky Miner that might not cause issues or damage immediately, but might manifest long-term - Proceed at your own risk

---

A Different Pickaxe

You live in a place where it's difficult to get a Bitaxe. You have access to AliExpress. You look around. You find something called the "Lucky Miner LV06". A Bitaxe clone that uses the same mining chip as the Bitaxe Ultra (BM1366 ASIC). You buy one.

You plug it in, you enter your wallet address and other settings, and it starts mining. It works! Great!

But it's running a customized firmware. It's not AxeOS. Maybe there's something shady in the stock firmware. It's not open-source, after all. Also, AxeOS looks amazing... And that automatic pool fail-over feature is handy.

You think to yourself: "Maybe I can use the Bitaxe firmware on this?". Guess what? You're right!

Flashing From Web UI

What usually works for me is to: - Download the Bitaxe firmware files (esp-miner.bin and www.bin) from GitHub (here). Version 2.4.1 seems to work well, as of this writing. - Then from the Lucky Miner web interface, upload the "Website" (www.bin) file. - Wait for a minute or two after it's done uploading. - Upload the "Firmware" (esp-miner.bin) file. - Wait another minute or two. - Unplug the power and plug it back in. - Set the "Core Voltage" and "Frequency" to the defaults. - Unplug the power and plug it back in again.

If you're lucky (no pun intended), you'll have a working Lucky Miner with AxeOS. Update the settings and mine away!

However, often times I've been unlucky, like what happened while I was writing this article, ironically. The miner malfunctions for no obvious reason. It keeps rebooting, or it's not mining (zero/low hashrate), or the web interface is inaccessible. You name it.

The miner has become a "brick". How do you "unbrick" it?

When you brick a Bitaxe, you can recover it by flashing (uploading) a "Factory Image". The Bitaxe has a USB port that makes this easy. Follow the guide and it should come back to life again. Unfortunately, the Lucky Miner LV06 doesn't have a USB port. It has a serial port, though. We'll have to get our hands a bit dirty.

Flashing Using the Serial Port

We need to connect the serial port of the miner to a computer and run a program to flash (upload) the firmware file on the miner. Any 3.3v UART serial port should be sufficient. Unfortunately, PCs don't usually come with a UART serial port these days, let alone a 3.3v one. The serial port common in old computers is an RS-232 port, which will most probably fry your miner if you try to connect it directly. Beware.

In my case, as a serial port for my PC, I'm using an Arduino Due I had lying around. We connect it to the PC through USB, and on the other side we connect a few wires to the miner, which gives the PC access to the miner.

WARNING: Make sure your serial port is 3.3v or you will probably kill the miner. Arduino Uno is 5v not 3.3v, for example, and cannot be used for this.

Wiring

First, we need to open the Lucky Miner. Use a small flat screwdriver to gently push the two plastic clips shown in the picture below. Gently pry the top cover away from the bottom cover on the clips side first, then remove the other side. Be careful not to break the display cable.

Once the cover is off, you can find the miner's serial port in the top right corner (J10), as shown in the next picture. We'll also need the reset button (EN).

There are three screws holding the PCB and the bottom cover together. If you're confident in your ability to push the small button on the underside of the PCB with the bottom cover on, then no need to remove these. The following picture shows what we need from that side.

And the next picture shows the pins and USB port we will use from the Arduino.

Now, we need to connect: - The USB port on the Arduino labelled "programming" to the PC - Pin 18 (TX1) on the Arduino to J10 through-hole pad 5 (blue dot) - Pin 19 (RX1) on the Arduino to J10 through-hole pad 3 (green dot) - Any GND pin on the Arduino to J10 through-hole pad 4 (yellow dot)

I didn't need to solder the wires to the pads. Keeping everything stable, perhaps by putting a weight on the wires or a bit of tape, was sufficient in all my attempts.

Setting up the Arduino

To use the Arduino as a serial port for our PC, we'll have to make it pass-through data back and forth between the USB port and UART1, where we connected the miner.

The following steps are all done on a PC running Debian Linux (Bookworm), in the spirit of freedom and open-source.

First, we start the Arduino IDE. If the package for the Arduino Due board is not already installed, you'll see a small prompt at the bottom. Click "Install this package".

Click the "Install" button.

Once the package is installed, click "Close".

Next, we select the Due board. Click the "Tools" menu, select "Board", select "Arduino ARM (32-bits) Boards" and click "Arduino Due (Programming Port)"

Next, we select the port. Click the "Tools" menu again, select "Port", and click the port where the Arduino is connected. In my case it was "/dev/ttyACM0".

Now we need to upload the following code to the Arduino board. The code is actually the "SerialPassthrough" example from the IDE, but with the serial speed changed to match the miner.

``` void setup() { Serial.begin(115200); Serial1.begin(115200); }

void loop() { if (Serial.available()) { // If anything comes in Serial (USB), Serial1.write(Serial.read()); // read it and send it out Serial1 }

if (Serial1.available()) { // If anything comes in Serial1 Serial.write(Serial1.read()); // read it and send it out Serial (USB) } } ```

Copy/paste the code into the IDE and click upload. You'll see "Done uploading" at the bottom.

Next we'll test if we're receiving data from the miner. We start by opening the "Serial Monitor" from the "Tools" menu in the IDE. Then we change the baudrate to 115200.

Set the Arduino and the miner in a comfortable position, make sure the wires are held in place and got a good contact on both sides, and the power is plugged in.

Now we'll put the miner in "download" mode. Press and hold the button on the underside (K1), press and release the reset button (EN), then release the other button (K1).

You should see some text from the miner in the serial monitor window, like in the picture below.

Congratulations! We know we're able to receive data from the miner now. We're not sure transmit is working, but we'll find out when we try to flash.

Flashing Using the Serial Port, for Real

To flash the Lucky Miner we'll need a software tool named esptool and the factory image firmware file.

I usually use "esp-miner-factory-205-v2.1.8.bin" for the factory image (this one) as a base, and then flash the version I want from the Web UI, using the steps I mentioned earlier.

For esptool, the documentation (here) shows us how to install it. To make things a little easier on our Debian Linux system, we'll use pipx instead of pip. The instructions below are adapted for that.

First we make sure pipx is installed. Run this command in a terminal and follow the instructions:

sudo apt-get install pipx

Then we install esptool using pipx. Run the following in a terminal:

pipx install esptool

The output will be something like this:

user@pc:~$ pipx install esptool installed package esptool 4.8.1, installed using Python 3.11.2 These apps are now globally available - esp_rfc2217_server.py - espefuse.py - espsecure.py - esptool.py ⚠️ Note: '/home/user/.local/bin' is not on your PATH environment variable. These apps will not be globally accessible until your PATH is updated. Run `pipx ensurepath` to automatically add it, or manually modify your PATH in your shell's config file (i.e. ~/.bashrc). done! ✨ 🌟 ✨

We can see pipx telling us we won't be able to run our tool because the folder where it was installed is not in the PATH variable. To fix that, we can follow pipx instructions and run:

pipx ensurepath

And we'll see something like this:

``` user@pc:~$ pipx ensurepath Success! Added /home/user/.local/bin to the PATH environment variable.

Consider adding shell completions for pipx. Run 'pipx completions' for instructions.

You will need to open a new terminal or re-login for the PATH changes to take effect.

Otherwise pipx is ready to go! ✨ 🌟 ✨ ```

Now, close the terminal and re-open it so that esptool becomes available.

Finally, to actually flash the miner, put the miner in download mode, then in the following command change the port ("/dev/ttyACM0") to your serial port, as we've seen earlier, and the file path to where your firmware file is, and run it:

esptool.py -p /dev/ttyACM0 --baud 115200 write_flash --erase-all 0x0 ~/Downloads/esp-miner-factory-205-v2.1.8.bin

If everything went fine, the tool will take a few minutes to flash the firmware to the miner. You'll see something like this in the output:

``` user@pc:~$ esptool.py -p /dev/ttyACM0 --baud 115200 write_flash --erase-all 0x0 ~/Downloads/esp-miner-factory-205-v2.1.8.bin esptool.py v4.8.1 Serial port /dev/ttyACM0 Connecting..... Detecting chip type... ESP32-S3 Chip is ESP32-S3 (QFN56) (revision v0.2) Features: WiFi, BLE, Embedded PSRAM 8MB (AP_3v3) Crystal is 40MHz MAC: 3c:84:27:ba:be:01 Uploading stub... Running stub... Stub running... Configuring flash size... Erasing flash (this may take a while)... Chip erase completed successfully in 9.5s Compressed 15802368 bytes to 1320190... Wrote 15802368 bytes (1320190 compressed) at 0x00000000 in 152.1 seconds (effective 831.2 kbit/s)... Hash of data verified.

Leaving... Hard resetting via RTS pin... ```

And we're done! Hopefully the miner will be recovered now.

Hope this helps!

Stay humble,
dumb-package

A Warning About Beta Versions of AxeOS

For reasons unknown to me, while I was writing this article I wanted to try the testing version of AxeOS, which was v2.4.1b (beta). Flashing from Web UI went smooth, but the miner stopped mining. I flashed back to v2.1.8 using the serial port, a known good version for me, but it wouldn't mine, still.

Thankfully, v2.4.1 was released recently, and flashing it from the Web UI magically revived my miner. So, be warned.

Bonus: File Hashes

For convenience, these are the SHA256 hashes of the files I used in this article: ``` da24fceb246f3b8b4dd94e5143f17bd38e46e5285e807ebd51627cb08f665c0a ESP-Miner-v2.4.1/esp-miner.bin 16c5c671391f0e3e88a3e79ce33fad3b0ec232b8572fad5e1e0d1ad3251ab394 ESP-Miner-v2.4.1/www.bin

d5182a15b6fa21d7b9b31bff2026d30afed9d769781a48db914730a5751e20c6 esp-miner-factory-205-v2.1.8.bin ```

@ fd208ee8:0fd927c1

You don't understand how insidious open-borders propaganda is, until you realize that it's an attempt to remove all differentiating traits from humans. They call this "strengthening individuality by removing nationality" (hello, newspeak), but what makes humans individual is their particular collection of traits, and nationality (and ethnicity, religion, etc. -- nationality is just the first domino they want to topple) is one of those.

Humans are not blank slates. Like DNA or physiognomy, our personalities are differing jumbles of cultural "letters". Each person selects consciously and subconsciously from amongst these letters, adding to or rejecting them, amplifying or suppressing them, twisting or combining them, building on top of them... and that's what makes you into You.

Open borders is an attempt to reduce the number of cultural letters you can build your "You" out of. If you take away the word "German", I am not liberated. There is simply one less adjective, with which I can describe myself. You have merely eradicated information, crippled language, and reduced my choices. I can then no longer define myself according to "German things", but I can also no longer define myself in opposition to German things.

Enter the Borg

We are easier to control and brainwash and persecute, if we are centralized and homogenized. As if the entire world were one, big prison and we were all forced to undergo the same education, wear the same clothes, follow the same rules, eat the same foods, enjoy the same entertainment, live the same lifestyle, share the same diseases and cures, enjoy the same lockdowns, join in the same cancel culture, fight the same wars.

That is what globalization brings. That is the end game of Open Borders: * No more cultural evolution or revolution. * Genes, but no memes. * You can go everywhere, but everywhere is the same, so you just stay home. * You can meet people from all over, but they are all the same, so you just don't bother. * One mass of humanity, that can be easily molded and manipulated.

@ 3c7dc2c5:805642a8

🧠Quote(s) of the week:

'Bitcoin is hyper volatile because its a $450T+ asset trading for less than $2T.' - Joe Burnett

'I love the energy in Bitcoin right now. Long-time HODLers are optimistic, focused, and ambitious. People new to Bitcoin are curious to get involved and grateful for any support. Communities are thriving! What a time to be alive.' - Tuur Demeester

🧡Bitcoin news🧡

On the 16th of December:

➡️'In 13 days, EU Bitcoin exchanges are forced to store your personal Bitcoin address and your home address. In sum: they become lethal honey pots, making HODLers vulnerable to hacks, home invasions, and future aggressive taxation. In time, countries could exit the EU over this.' -Tuur Demeester

The best response to this overreach is to sell all your KYC'ed Bitcoin, and repurchase what you need through peer-to-peer platforms that are KYC-free, such as Bisq, Robosats, Peach, and Hodlhodl. For more information, please visit: https://kycnot.me

I can personally attest to the seriousness of this issue, having had my name, home address, and phone number leaked in the Ledger hack.

➡️In other news, Bitcoin wallet developer Exodus is going public on the New York Stock Exchange this Wednesday, backed by a reserve of 1,900 Bitcoin. They also pay all salaries in Bitcoin.

On the 17th of December:

➡️'Overton Window shifting rapidly Only in 2023, EU media was still gaslighting Bitcoin. Now - No negative environmental coverage in mainstream EU media publications for over a year - many media outlets (Including The Independent, Bloomberg, Reuters, The Street, The Hill, and Forbes) have started documenting Bitcoin mining's numerous environmental benefits (well documented in 13 peer-reviewed studies) - Germany's largest Telco is using Bitcoin mining to monetize its stranded energy - Finland's pioneering work obviating fossil-fuel heating by capturing the heat from Bitcoin mining rigs is being covered - 6 sustainability periodicals covering Bitcoin's environmental benefits - 3 media outlets including Forbes in the last 2 days have recognized that Bitcoin mining is an integral part of solving not just EU's Net Zero Emission Targets, but EU's energy crisis.' - Daniel Batten

➡️BlackRock has officially recommended a 2% allocation to Bitcoin. With global assets totaling $900 trillion, a 2% allocation would imply a Bitcoin valuation of $18 trillion, equating to approximately $900,000 per Bitcoin.

➡️Bitcoin Reserve bill for Ohio State put forward by Rep. Derek Merrin. Merrin: Today, I filed HB 703 to create the Ohio Bitcoin Reserve within the state treasury!

Provides state treasurer authority & flexibility to invest in Bitcoin. This legislation creates the framework for Ohio’s state government to harness the power of Bitcoin to strengthen our state finances. As the US dollar undergoes devaluation, Bitcoin provides a vehicle to supplement our state's portfolio and preserve public funds from losing value.'

➡️Bitcoin-exposed convertible bonds comprise 6% of the total convertible universe and have produced 20% of the YTD Returns: Barclays Looks like Bitcoin slowly eating into the debt market. Bonds were dying until Bitcoin bonds were introduced!

➡️European MP Sarah Knafo has called on the EU to reject the digital euro and establish a strategic Bitcoin reserve, warning against “totalitarian temptations” from the European Central Bank. Are you paying attention? The world is waking up.

➡️A first draft of an Executive Order for a Strategic Bitcoin Reserve has been published.

https://x.com/DavidFBailey/status/1869098934754570305

➡️'The total assets in the spot Bitcoin ETFs are now 55% of the value of known gold ETF holdings. • Bitcoin ETF AUM: $120.69 billion • Gold ETF AUM: $218.81 billion Out with the old, in with the new - Joe Consorti

➡️'If you're not saving in Bitcoin, you're not saving at all.' AnilSaidSo

On the 18th of December:

➡️Chinese car company Cango emerges as the third largest public miner. China? Mining? What about the ban? Guess the 100x banning did nothing.

➡️Fellow Noderunner Bram Kanstein:

Open letter to the Dutch government regarding the establishment of a National Bitcoin reserve:

'Geachte @Minister_FIN @eelcoheinen @KlaasKnot @DNB_NL Met deze brief wil ik uw aandacht vestigen op een urgente en strategisch kwestie: het opbouwen van een nationale Bitcoin reserve.

https://t.co/Wjdzf8xpDA

In English (to also copy and use in your own country): https://docs.google.com/document/d/1qCIbrGqYQeQNyiXRFMBJVZyRcePHWtdnWz__67NVuRo/edit?usp=sharing

➡️FED CHAIR J. POWELL: Fed is "not allowed to own Bitcoin". They weren't allowed to own Corporate Bonds before Covid either. Rules change...

➡️$11.5 trillion BlackRock said, "Bitcoin is no longer seen as the radical idea as it was 15 years ago." "Bitcoin is an emerging global monetary alternative."

➡️Rumor goes that the UAE has potentially already accumulated ~300K Bitcoin. If true, America is behind and needs to catch up quickly. Funny isn't it? 'We’ve gone from: Being concerned about the government killing Bitcoin in a 51% attack to Being concerned about the government buying tons of it.' - Alex Gladstein

➡️IMF and El Salvador finally reached an agreement....and at first, it's big yikes. El Salvador secured a $3.5 billion IMF financing package after agreeing to make accepting Bitcoin voluntary and unwinding the Chivo wallet. Not only are they eliminating Article 7 as previously reported, but they are also removing the ability for citizens to pay taxes in Bitcoin.

Meanwhile, President Bukele says: "The IMF, World Bank, FED, and mainstream media hate that we adopted Bitcoin."

Wait for it (have a look at the 20th of December)

On the 19th of December:

➡️Bitcoin dipped. While some of you were scared, MARA bought $166 MILLION worth of Bitcoin. They have bought $3.2 BILLION Bitcoin in just 6 weeks!

➡️Hut 8 today announced the purchase of approximately 990 Bitcoin for approximately $100 million, or an average of approximately $101,710 per Bitcoin. Combined with the Bitcoin held before this purchase, Hut 8’s strategic Bitcoin reserve now totals more than 10,000 Bitcoins with a market value of more than $1 billion as of December 18, 2024.

➡️15 consecutive days of inflows for U.S. Bitcoin ETFs. $ in millions.

Spot Bitcoin ETFs purchased about 2,750 BTC yesterday while miners only mined 450 BTC. Absolute. Scarcity.

On the 20th of December:

➡️Metaplanet has issued ¥5.0 billion ($31m) in bonds to accelerate Bitcoin purchases originally slated for 2025. Issued against the 12th Series moving strike warrants, the bonds will be redeemed with the warrant exercise proceeds.

➡️'Just one day after the IMF agreed to a $3.3b loan in return for making Bitcoin acceptance voluntary, El Salvador buys $1m Bitcoin, more than 10x their usual 1 Bitcoin per day purchase. I guess the IMF won...' -Bitcoin Archive

Bukele: ''Thanks for the free money, lets 10x our Bitcoin buys, and create a strategic digital asset partnership with Argentina & 25 other nations.'' Luke Mikic

Have a look at what they did on the 22nd of December.

➡️'Guys, this drawdown peak to trough was only 14.98%. It's that tiny little red stalactite on the right that you can't even see. Chill out.' -Joe Consort

➡️Brian Brooks, former Acting Comptroller of the Currency under the Trump administration, has joined the MicroStrategy Board of Directors. As Comptroller, he oversaw the federal banking system. Here's why this is a game-changing move for the company: https://x.com/btcspaceman/status/1870402056516952421

➡️$1.3 BILLION leveraged crypto positions WIPED OUT in just 24 hours. 1. don't do leverage 2. don't do shitcoins CrYpTo.

➡️$108 billion VanEck subsidiary Market Vector accepts #bitcoin as payment for the first time.

➡️Swiss company Relai purchases 13 Bitcoin for $1.2 million for their balance sheet. Relai now holds 30 BTC.

➡️Michael Saylor publishes the Bitcoin framework so the "United States can lead the global digital economy. "A strategic digital asset policy can strengthen the US dollar, neutralize the national debt, and position America as the global leader in the 21st-century digital economy—empowering millions of businesses, driving growth, and creating trillions in value.'

https://www.michael.com/digital-assets-framework

➡️'France's 5th largest bank, the €863 billion BPCE Group, to launch Bitcoin purchases for its 35 million customers in 2025.' -Bitcoin News

On the 21st of December:

➡️'MARA's announcement that recycling heat from Bitcoin mining rigs to heat the homes of almost 80,000 residents (1.4% of Finland's population) is the largest application yet for heat recycling. Here's why it's significant.' -Daniel Batten

Read the whole thread/post here: https://x.com/DSBatten/status/1870250495895302177

➡️Someone just mined a whole Bitcoin block by himself, claiming $311,000 in reward.

➡️Spot Bitcoin ETFs took in 4,349.7 BTC worth $423.6 MILLION this week despite the price of bitcoin falling. Miners only mined 2,250 BTC this week.

On the 22nd of December:

➡️El Salvador makes another purchase of 11 Bitcoin, pushing towards the recently announced goal of 20,000 BTC. Classic! They now have bought 25 Bitcoin worth over $2.4 million since securing its loan from the IMF. Bukele wasn't joking around!

➡️'When there's not enough Bitcoin for sale, billionaires will offer ANYTHING to own some. You'll be able to get: - Houses for 0.01 BTC - Cars for 0.001 BTC - A month of groceries for 0.00001 BTC They will give you everything you need... Because YOU have what THEY want.' -Rajatsonifnance

Regarding that a month of groceries for 0.00001 BTC,' everything is falling (price) against Bitcoin. What about fiat?

This is the single best long-run measure of food inflation. And it’s gone vertical. Now you do the math and ask yourself, go long Bitcoin or go long fiat?

You know what I will give you one more example, 'houses for 0.01 BTC'

Are you paying attention?

➡️Vancouver Mayor Ken Sim: Bitcoin is the top-performing asset of the past 16 years. It’s better than gold. It can’t be captured by a military force. It can put Vancouver on the map as a world leader in Bitcoin innovation.

On the 23rd of December:

➡️MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per Bitcoin and has achieved a Bitcoin Yield of 47.4% QTD and 73.7% YTD. As of 12/22/2024, they hodl 444,262 Bitcoin acquired for ~$27.7 billion at ~$62,257 per Bitcoin.

➡️Japanese public company Metaplanet buys 619.7 Bitcoin for ¥9.5 billion. As of December 23, Metaplanet holds 1,761.98 BTC acquired for ~¥20.87 billion.

➡️Publicly traded La Rosa Holdings Corp. now accepts Bitcoin as a payment option for its real estate agents.

➡️Bitcoin is the best-performing asset in 11 of the last 14 years. Jesse Myers: 'The only speculation about Bitcoin is how long until the mainstream realizes: -Bitcoin is the invention of absolute scarcity -Absolute scarcity is a once-in-a-species event (irreproducible) -Absolute scarcity is a black hole on the world's balance sheet, eating all SoV'

💸Traditional Finance / Macro:

On the 16th of December:

👉🏽'11 consecutive days of more decliners than advancers in the S&P500. First time since Sept 11, 2001.' - ZeroHedge

On the 18th of December:

👉🏽The S&P 500 falls over 3% in its largest post-Fed drop since March 2020.

🏦Banks:

👉🏽'This is the first time in the history of the data that over 40% of banks were tightening credit standards, and then went back to not tightening, without a recession having occurred.' - Lyn Alden One word: "Fiscal dominance" https://www.lynalden.com/september-2024-newsletter/

🌎Macro/Geopolitics:

On the 17th of December: BowTiedMara: 'Last 8 months of Massa (WITH PRICE CONTROLS):

6.6%

5.8%

6.3%

15.6%

14.3%

7.7%

15.7%

29.7%

Last 8 months of Milei (WITHOUT PRICE CONTROLS):

6%

4.8%

3%

3.2%

3.6%

2.3%

1.2%

0.9%'

What do we learn from this? Socialists want you dependent on them and price controls never work.

On the 18th of December:

👉🏽'SUMMARY OF FED CHAIR POWELL'S STATEMENT (12/18/24): 1. Inflation is "much closer" to 2% Fed target 2. Activity in the housing market has been weak 3. Wage growth in the United States has eased 4. The labor market is not a source of inflation pressures 5. The Fed can be more cautious in reducing interest rates 6. Inflation expectations remain "well anchored" The "Fed pivot" is taking another pause.' -TKL

👉🏽'The S&P 500 falls sharply after the Fed cuts rates by 25 basis points, but raises inflation forecast. The Fed reduced its outlook from 3 to 2 rate cuts in 2025 and raised inflation expectations from 2.1% to 2.5%. Inflation is back.' _TKL

👉🏽ZeroHedge: POWELL: ECONOMY GREW FASTER THAN EXPECTED IN SECOND HALF OF '24'. Maybe this had something to do with it?

👉🏽'Very rare: the Fed just lowered the overnight reverse repo rate (RRP) by 30 basis points, not 25 bps (the norm) So RRP rate is now at the floor of Fed Funds (no longer 5 bps above). This could ease money market rates & accelerate money flowing out of the Fed's RRP facility.' - Jack Farley In other words: Another liquidity injection.

On the 20th of December:

👉🏽'November PCE inflation, the Fed's preferred inflation measure, RISES to 2.4%, below expectations of 2.5%. Core PCE inflation was 2.8%, below expectations of 2.9%. However, this means CPI, PPI, and PCE inflation are all back on the rise.' -TKL

👉🏽'The new government funding bill would allow for ~$1.565 trillion in new borrowing before the debt ceiling binds again next March. +$1.5 trillion to the national debt... IN 3 MONTHS. If the government were a business, nobody would give them a dime. They'd be bankrupt tomorrow.' -Joe Consorti

On the 22nd of December:

👉🏽The global Fed pivot continues: 74% of world central banks have cut rates this year, the biggest share since 2021. The Bank of Canada has cut rates 5 times by 175 basis points, marking the most aggressive rate cut cycle among major central banks. The European Central Bank and the Swiss National Bank have lowered rates 4 times by 100 and 125 basis points, respectively. The Bank of England has cut twice by 50 basis points. As inflation rebounds, the pivot is at risk.' -TKL

🎁If you have made it this far I would like to give you a little gift:

Some fountain of Lyn Aldens wisdom:

https://www.lynalden.com/december-2024-newsletter/

Credit: I have used multiple sources!

My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: PocketBitcoin especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Use the code BITCOINFRIDAY

Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.⠀⠀⠀⠀ ⠀ ⠀⠀⠀

Do you think this post is helpful to you? If so, please share it and support my work with sats.

▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃

⭐ Many thanks⭐

Felipe -Bitcoin Friday!

▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃▃

@ e31e84c4:77bbabc0

Bitcoin and Fixed Income was Written By Wyatt O’Rourke. If you enjoyed this article then support his writing, directly, by donating to his lightning wallet: ultrahusky3@primal.net

Fiduciary duty is the obligation to act in the client’s best interests at all times, prioritizing their needs above the advisor’s own, ensuring honesty, transparency, and avoiding conflicts of interest in all recommendations and actions.

This is something all advisors in the BFAN take very seriously; after all, we are legally required to do so. For the average advisor this is a fairly easy box to check. All you essentially have to do is have someone take a 5-minute risk assessment, fill out an investment policy statement, and then throw them in the proverbial 60/40 portfolio. You have thousands of investment options to choose from and you can reasonably explain how your client is theoretically insulated from any move in the \~markets\~. From the traditional financial advisor perspective, you could justify nearly anything by putting a client into this type of portfolio. All your bases were pretty much covered from return profile, regulatory, compliance, investment options, etc. It was just too easy. It became the household standard and now a meme.

As almost every real bitcoiner knows, the 60/40 portfolio is moving into psyop territory, and many financial advisors get clowned on for defending this relic on bitcoin twitter. I’m going to specifically poke fun at the ‘40’ part of this portfolio.

The ‘40’ represents fixed income, defined as…

An investment type that provides regular, set interest payments, such as bonds or treasury securities, and returns the principal at maturity. It’s generally considered a lower-risk asset class, used to generate stable income and preserve capital.

Historically, this part of the portfolio was meant to weather the volatility in the equity markets and represent the “safe” investments. Typically, some sort of bond.

First and foremost, the fixed income section is most commonly constructed with U.S. Debt. There are a couple main reasons for this. Most financial professionals believe the same fairy tale that U.S. Debt is “risk free” (lol). U.S. debt is also one of the largest and most liquid assets in the market which comes with a lot of benefits.

There are many brilliant bitcoiners in finance and economics that have sounded the alarm on the U.S. debt ticking time bomb. I highly recommend readers explore the work of Greg Foss, Lawrence Lepard, Lyn Alden, and Saifedean Ammous. My very high-level recap of their analysis:

• A bond is a contract in which Party A (the borrower) agrees to repay Party B (the lender) their principal plus interest over time.

• The U.S. government issues bonds (Treasury securities) to finance its operations after tax revenues have been exhausted.

• These are traditionally viewed as “risk-free” due to the government’s historical reliability in repaying its debts and the strength of the U.S. economy

• U.S. bonds are seen as safe because the government has control over the dollar (world reserve asset) and, until recently (20 some odd years), enjoyed broad confidence that it would always honor its debts.

• This perception has contributed to high global demand for U.S. debt but, that is quickly deteriorating.

• The current debt situation raises concerns about sustainability.

• The U.S. has substantial obligations, and without sufficient productivity growth, increasing debt may lead to a cycle where borrowing to cover interest leads to more debt.

• This could result in more reliance on money creation (printing), which can drive inflation and further debt burdens.

In the words of Lyn Alden “Nothing stops this train”

Those obligations are what makes up the 40% of most the fixed income in your portfolio. So essentially you are giving money to one of the worst capital allocators in the world (U.S. Gov’t) and getting paid back with printed money.

As someone who takes their fiduciary responsibility seriously and understands the debt situation we just reviewed, I think it’s borderline negligent to put someone into a classic 60% (equities) / 40% (fixed income) portfolio without serious scrutiny of the client’s financial situation and options available to them. I certainly have my qualms with equities at times, but overall, they are more palatable than the fixed income portion of the portfolio. I don’t like it either, but the money is broken and the unit of account for nearly every equity or fixed income instrument (USD) is fraudulent. It’s a paper mache fade that is quite literally propped up by the money printer.

To briefly be as most charitable as I can – It wasn’t always this way. The U.S. Dollar used to be sound money, we used to have government surplus instead of mathematically certain deficits, The U.S. Federal Government didn’t used to have a money printing addiction, and pre-bitcoin the 60/40 portfolio used to be a quality portfolio management strategy. Those times are gone.

Now the fun part. How does bitcoin fix this?

Bitcoin fixes this indirectly. Understanding investment criteria changes via risk tolerance, age, goals, etc. A client may still have a need for “fixed income” in the most literal definition – Low risk yield. Now you may be thinking that yield is a bad word in bitcoin land, you’re not wrong, so stay with me. Perpetual motion machine crypto yield is fake and largely where many crypto scams originate. However, that doesn’t mean yield in the classic finance sense does not exist in bitcoin, it very literally does. Fortunately for us bitcoiners there are many other smart, driven, and enterprising bitcoiners that understand this problem and are doing something to address it. These individuals are pioneering new possibilities in bitcoin and finance, specifically when it comes to fixed income.

Here are some new developments –

Private Credit Funds – The Build Asset Management Secured Income Fund I is a private credit fund created by Build Asset Management. This fund primarily invests in bitcoin-backed, collateralized business loans originated by Unchained, with a secured structure involving a multi-signature, over-collateralized setup for risk management. Unchained originates loans and sells them to Build, which pools them into the fund, enabling investors to share in the interest income.

Dynamics

• Loan Terms: Unchained issues loans at interest rates around 14%, secured with a 2/3 multi-signature vault backed by a 40% loan-to-value (LTV) ratio.
• Fund Mechanics: Build buys these loans from Unchained, thus providing liquidity to Unchained for further loan originations, while Build manages interest payments to investors in the fund.

Pros

• The fund offers a unique way to earn income via bitcoin-collateralized debt, with protection against rehypothecation and strong security measures, making it attractive for investors seeking exposure to fixed income with bitcoin.

Cons

• The fund is only available to accredited investors, which is a regulatory standard for private credit funds like this.

Corporate Bonds – MicroStrategy Inc. (MSTR), a business intelligence company, has leveraged its corporate structure to issue bonds specifically to acquire bitcoin as a reserve asset. This approach allows investors to indirectly gain exposure to bitcoin’s potential upside while receiving interest payments on their bond investments. Some other publicly traded companies have also adopted this strategy, but for the sake of this article we will focus on MSTR as they are the biggest and most vocal issuer.

Dynamics

• Issuance: MicroStrategy has issued senior secured notes in multiple offerings, with terms allowing the company to use the proceeds to purchase bitcoin.

• Interest Rates: The bonds typically carry high-yield interest rates, averaging around 6-8% APR, depending on the specific issuance and market conditions at the time of issuance.

• Maturity: The bonds have varying maturities, with most structured for multi-year terms, offering investors medium-term exposure to bitcoin’s value trajectory through MicroStrategy’s holdings.

Pros

• Indirect Bitcoin exposure with income provides a unique opportunity for investors seeking income from bitcoin-backed debt.

• Bonds issued by MicroStrategy offer relatively high interest rates, appealing for fixed-income investors attracted to the higher risk/reward scenarios.

Cons

• There are credit risks tied to MicroStrategy’s financial health and bitcoin’s performance. A significant drop in bitcoin prices could strain the company’s ability to service debt, increasing credit risk.

• Availability: These bonds are primarily accessible to institutional investors and accredited investors, limiting availability for retail investors.

Interest Payable in Bitcoin – River has introduced an innovative product, bitcoin Interest on Cash, allowing clients to earn interest on their U.S. dollar deposits, with the interest paid in bitcoin.

Dynamics

• Interest Payment: Clients earn an annual interest rate of 3.8% on their cash deposits. The accrued interest is converted to Bitcoin daily and paid out monthly, enabling clients to accumulate Bitcoin over time.

• Security and Accessibility: Cash deposits are insured up to $250,000 through River’s banking partner, Lead Bank, a member of the FDIC. All Bitcoin holdings are maintained in full reserve custody, ensuring that client assets are not lent or leveraged.

Pros

• There are no hidden fees or minimum balance requirements, and clients can withdraw their cash at any time.

• The 3.8% interest rate provides a predictable income stream, akin to traditional fixed-income investments.

Cons

• While the interest rate is fixed, the value of the Bitcoin received as interest can fluctuate, introducing potential variability in the investment’s overall return.

• Interest rate payments are on the lower side

Admittedly, this is a very small list, however, these types of investments are growing more numerous and meaningful. The reality is the existing options aren’t numerous enough to service every client that has a need for fixed income exposure. I challenge advisors to explore innovative options for fixed income exposure outside of sovereign debt, as that is most certainly a road to nowhere. It is my wholehearted belief and call to action that we need more options to help clients across the risk and capital allocation spectrum access a sound money standard.

Additional Resources

• River: The future of saving is here: Earn 3.8% on cash. Paid in Bitcoin.

• Onramp: Bitcoin, The Emergent Asset Class

• MicroStrategy: MicroStrategy Announces Pricing of Offering of Convertible Senior Notes

---

Bitcoin and Fixed Income was Written By Wyatt O’Rourke. If you enjoyed this article then support his writing, directly, by donating to his lightning wallet: ultrahusky3@primal.net

@ 6f3670d9:03f04036

This is my first long-form post. The starting line.

There's nothing of value here. Just using this as a marker.

I hope to post a lot more. Documenting how I made something work would be very useful to me, and hopefully others, but I've been too lazy to do that. Wish me luck!

Stay humble,
dumb-package

@ 94a6a78a:0ddf320e

The backbone of your Nostr experience lies in relays—servers that transmit your notes, zaps, and private messages across the decentralized network. Azzamo offers three specialized relays to suit different user needs, ensuring reliability, performance, and privacy.

1. Free Relay

• URL: wss://nostr.azzamo.net
• Overview: Azzamo’s Free Relay is perfect for newcomers to Nostr. It’s open-access, reliable, and ensures fair use with moderate rate limits.
• Key Features:
• Free to use.
• Notes older than one month are purged daily.
• Accessible gateway for decentralized communication.

---

2. Paid Relay

• URL: wss://relay.azzamo.net
• Overview: Designed for power users, the Paid Relay offers unmatched performance with 99.9% uptime and low latency.
• Key Features:
• Scalable for heavy users.
• Fewer users for faster, consistent connections.
• Premium support included for paid users.

---

3. Inbox Relay

• URL: wss://inbox.azzamo.net
• Overview: Never miss a private message again with the Inbox Relay, optimized for secure, spam-free direct messaging.
• Key Features:
• Guaranteed message delivery.
• Optimized for NIP-17 private messages.
• Optimized for NIP-19 group chats.
• Premium users enjoy advanced support.

---

Why Choose Azzamo Relays?

Life on Nostr is easier with Azzamo relays. They’re fast, reliable, and built to handle whatever you throw at them. The Paid Relay keeps your connections strong, the Inbox Relay makes sure no private message gets lost, and the Free Relay is always there to get you started. Supporting Azzamo by going premium helps keep this decentralized network growing—and you get priority support while you’re at it. Azzamo has your back on Nostr!

🔗 Start now:

• Free Relay: wss://nostr.azzamo.net
• Paid Relay: azzamo.net/pay
• Inbox Relay: azzamo.net/inbox

Support the network and upgrade your experience—add time to your account via the Azzamo Dashboard. Choose Azzamo, and take control of your Nostr journey today!

@ 1bda7e1f:bb97c4d9

Tldr

• Nostr is an open protocol which is interoperable with all kinds of other technologies
• You can use this interoperability to create custom solutions
• Nostr apps define a custom URI scheme handler "nostr:"
• In this blog I use this to integrate Nostr with NFC cards
• I create a Nostr NFC "login card" which allows me to log into Amethyst client
• I create a Nostr NFC "business card" which allows anyone to find my profile with a tap

Inter-Op All The Things!

Nostr is a new open social protocol for the internet. This open nature is very exciting because it means Nostr can add new capabilities to all other internet-connected technologies, from browsers to web applications. In my view, it achieves this through three core capabilities.

• A lightweight decentralised identity (Nostr keys, "npubs" and "nsecs"),
• A lightweight data distribution network (Nostr relays),
• A set of data interoperability standards (The Nostr Improvement Protocols "NIPs"), including the "nostr:" URI which we'll use in this post.

The lightweight nature is its core strength. Very little is required to interoperate with Nostr, which means many existing technologies can be easily used with the network.

Over the next few blog posts, I'll explore different Nostr inter-op ideas, and also deliver my first small open source projects to the community. I'll cover–

• NFC cards integrated with Nostr (in this post),
• Workflow Automations integrated with Nostr,
• AI LLMs integrated with Nostr.

The "Nostr:" URI

One feature of Nostr is it defines a custom URI scheme handler "nostr:". What is that?

A URI is used to identify a resource in a system. A system will have a protocol handler registry used to store such URI's, and if a system has a URI registered, then it knows what to do when it sees it. You are probably already familiar with some URI schemes such as "http:" and "mailto:". For example, when you click an http link, the system knows that it describes an http resource and opens a web browser to fetch the content from the internet.

A nostr: link operates in the same way. The nostr: prefix indicates a custom URI scheme specifically designed for the Nostr protocol. If a system has a Nostr application installed, that application may have registered "nostr:" in the protocol handler registry. On that system when a "nostr:" URI is clicked, the system will know that it describes a nostr resource and open the Nostr client to fetch the content from the nostr relay network.

This inter-op with the protocol handler registry gives us the power to do nice and exciting things with other technologies.

Nostr and NFC

Another technology that uses URIs is NFC cards. NFC (Near Field Communication) is a wireless technology that enables devices to exchange data over a few centimeters. It’s widely used in contactless payments, access control, and information sharing.

NFC tags are small chips embedded in cards or stickers which can store data like plain text, URLs, or custom URIs. They are very cheap (cents each) and widely available (Amazon with next day delivery).

When an NFC tag contains a URI, such as a http: (or nostr:) link, it acts as a trigger. Tapping the tag with an NFC-enabled device launches the associated application and processes the URI. For example, tapping a tag with "nostr:..." could open a Nostr client, directing it to a specific login page, public profile, or event.

This inter-op allows us to bridge the physical world to Nostr with just a tap.

Many useful ideas

There are many interesting ways to use this. Too many for me to explore. Perhaps some of these are interesting for your next side hustle?

• Nostr NFC "login cards" – tap to log into Amethyst on Android,
• Nostr NFC "business cards" – give to connections so they can tap to load your npub,
• Nostr NFC "payment cards" – integrating lightning network or ecash,
• Nostr NFC "doorbells", "punch cards", "drop boxes", or "dead drops" – put a tag in a specific place and tap to open a location-specific message or chat,
• Integrations with other access control systems,
• Integrations with other home automation systems,
• Many more ...

To start with I have built and use the "login card" and "business card" solutions. This blog post will show you how to do the same.

Nostr Login Card

You can use an NFC card to log into your Nostr client.

Most Nostr clients accept a variety of login methods, from posting your nsec into the app (insecure) to using a remote signer (more secure). A less known but more secure method is to sign into a session with a tap of a specially-configured NFC card. Amethyst is a Nostr client on Android which supports this type of login.

• A secure method for logging in
• Optionally keeps no log in history on the device after logout
• Does not require users to know or understand how keys work
• Keys are kept secure on a physically-separated card to reduce risk of compromise

Nostr devs think that this is useful for anti-establishment actors–Fair enough. For me, I am interested in this login card pattern as it could be useful for rolling out identities within an organisation context with less training (office workers are already familiar with door access cards). This pattern potentially abstracts away key management to the IT or ops team who provision the cards.

I first discovered this when Kohei demonstrated it in his video.

Here's how you set it up at a high level–

1. Buy yourself some NFC cards
2. Get your Nostr key ready in an encrypted, password protected format called "nencryptsec"
3. Write the nencryptsec to the NFC card as a custom URI
4. Tap to load the login screen, and enter your password to login

Here it is in detail–

Buy yourself some NFC cards

I found no specific requirements. As usual with Nostr so far, I tried to the cheapest possible route and it worked. Generic brand NFC cards shipped from China, I believe it was 50X for $15 from Amazon. Your mileage may vary.

Get your Nostr key ready

Your key will be saved to the NFC card in an encrypted password-protected format called "nencryptsec". Several applications support this. As we'll be using this to login to Amethyst, we will use Amethyst to output the nencryptsec for us.

1. Login to Amethyst with your nsec,
2. Open the sidebar and click "Backup Keys",
3. Enter a password, and click "Encrypt and my secret key",
4. It will add the password-protected key to your clipboard in the format "ncryptsec1...",
5. Remember to backup your password.

Write the ncryptsec to the NFC card

1. Download the free NFC Tools app to your device, and open it,
2. Click "Write" and "Add a record", then click "Custom URL / URI",
3. Paste your nencryptsec with the nostr URI in front, i.e. "nostr:ncryptsec1..." and click OK,
4. Click "Write". NFC Tools will prompt you to "Approach an NFC tag",
5. Place your NFC card against your phone, and it will write to the card,
6. Your card is ready.

Tap to load the login screen

Tap the card against your phone again, and your phone should open the login screen of Amethyst and prompt you for your password.

Once you enter your password, Amethyst will decrypt your nsec and log you in.

Optionally, you can also set the app to forget you once you log out.

You have created a Nostr NFC "login card".

Nostr Business Card

You can use another NFC card to give anyone you meet a link straight to your Nostr profile.

I attended Peter McCormack's #CheatCode conference in Sydney and gave a few of these out following the Nostr panel, notably to Preston Pysh where it got some cut through and found me my first 100 followers. You can do the same.

To create your Nostr NFC "business card" is even easier than your NFC "login card".

1. Buy yourself some NFC cards,
2. Download the free NFC Tools app to your device, and open it,
3. Click "Write" and "Add a record", then click "Custom URL / URI",
4. Write your npub to the NFC card as a custom URI in the format "nostr:npub1..." (e.g. for me this is "nostr:npub1r0d8u8mnj6769500nypnm28a9hpk9qg8jr0ehe30tygr3wuhcnvs4rfsft"),
5. Your card is ready.

Give the card to someone who is a Nostr user, and when they tap the card against their phone it will open their preferred Nostr client and go directly to your Nostr profile page.

You have created a Nostr NFC "business card".

What I Did Wrong

I like to share what I did wrong so you don't have to make the same mistakes. This time, this was very easy, and little went wrong. In general

• When password-protecting your nsec, don't forget the password!
• When writing to the NFC card, make sure to use "Custom URI/URL" as this accepts your "nostr:" URI scheme. If you use generic "URI/URL" it won't work.

What's Next

Over my first four blogs I have explored creating a good Nostr setup

• Mined a Nostr pubkey and backed up the mnemonic
• Set up Nostr payments with a Lightning wallet plus all the bells and whistles
• Set up NIP-05 and Lighting Address at my own domain
• Set up a Personal Relay at my own domain

Over the next few blogs I will be exploring different types of Nostr inter-op

• NFC cards integrated with Nostr (this post)
• Workflow Automations integrated with Nostr
• AI LLMs integrated with Nostr

Please be sure to let me know if you think there's another Nostr topic you'd like to see me tackle.

GM Nostr.

@ fd208ee8:0fd927c1

You have no idea

I regularly read comments from people, on here, wondering how it's possible to marry -- or even simply be friends! -- with someone who doesn't agree with you on politics. I see this sentiment expressed quite often, usually in the context of Bitcoin, or whatever pig is currently being chased through the village, as they say around here.

It seems rather sensible, but I don't think it's as hard, as people make it out to be. Further, I think it's a dangerous precondition to set, for your interpersonal relationships, because the political field is constantly in flux. If you determine who you will love, by their opinions, do you stop loving them if their opinions change, or if the opinions they have become irrelevant and a new set of opinions are needed -- and their new ones don't match your new ones? We could see this happen to relationships en masse, during the Covid Era, and I think it happens every day, in a slow grind toward the disintegration of interpersonal discourse.

I suspect many people do stop loving, at that point, as they never really loved the other person for their own sake, they loved the other person because they thought the other person was exactly like they are. But no two people are alike, and the longer you are in a relationship with someone else, the more the initial giddiness wears off and the trials and tribulations add up, the more you notice how very different you actually are. This is the point, where best friends and romantic couples say, We just grew apart.

But you were always apart. You were always two different people. You just didn't notice, until now.

I've also always been surprised at how many same-party relationships disintegrate because of some disagreement over some particular detail of some particular topic, that they generally agree on. To me, it seems like an irrelevant side-topic, but they can't stand to be with this person... and they stomp off. So, I tend to think that it's less that opinions need to align to each other, but rather that opinions need to align in accordance with the level of interpersonal tolerance they can bring into the relationship.

I was raised by relaxed revolutionaries

Maybe I see things this way because my parents come from two diverging political, cultural, national, and ethnic backgrounds, and are prone to disagreeing about a lot of "important" (to people outside their marriage) things, but still have one of the healthiest, most-fruitful, and most long-running marriages of anyone I know, from that generation. My parents, you see, aren't united by their opinions. They're united by their relationship, which is something outside of opinions. Beyond opinions. Relationships are what turn two different people into one, cohesive unit, so that they slowly grow together. Eventually, even their faces merge, and their biological clocks tick to the same rhythm. They eventually become one entity that contains differing opinions about the same topics.

It's like magic, but it's the result of a mindset, not a worldview. Or, as I like to quip:

The best way to stay married, is to not get divorced.

My parents simply determined early on, that they would stay together, and whenever they would find that they disagreed on something that didn't directly pertain to their day-to-day existence with each other they would just agree-to-disagree about that, or roll their eyes, and move on. You do you. Live and let live.

My parents have some of the most strongly held personal opinions of any people I've ever met, but they're also incredibly tolerant and can get along with nearly anyone, so their friends are a confusing hodgepodge of people we liked and found interesting enough to keep around. Which makes their house parties really fun, and highly unusual, in this day and age of mutual-damnation across the aisle.

The things that did affect them, directly, like which school the children should attend or which country they should live in, etc. were things they'd sit down and discuss, and somehow one opinion would emerge, and they'd again... move on.

And that's how my husband and I also live our lives, and it's been working surprisingly well. No topics are off-limits to discussion (so long as you don't drone on for too long), nobody has to give up deeply held beliefs, or stop agitating for the political decisions they prefer.

You see, we didn't like that the other always had the same opinion. We liked that the other always held their opinions strongly. That they were passionate about their opinions. That they were willing to voice their opinions; sacrifice to promote their opinions. And that they didn't let anyone browbeat or cow them, for their opinions, not even their best friends or their spouse. But that they were open to listening to the other side, and trying to wrap their mind around the possibility that they might just be wrong about something.

We married each other because we knew: this person really cares, this person has thought this through, and they're in it, to win it. What "it" is, is mostly irrelevant, so long as it doesn't entail torturing small animals in the basement, or raising the children on a diet of Mountain Dew and porn, or something.

Live and let live. At least, it's never boring. At least, there's always something to ~~argue~~ talk about. At least, we never think... we've just grown apart.

@ 20986fb8:cdac21b3

In this edition, we are pleased to speak with Luthando nostr:npub10vudmjqhr8kn2kv2pxhezt2h5t5c9zauwq8qr56nhdn64yacsqyqf08djm leader of the Bitcoin Ekasi community, about how they are using Bitcoin to transform payment systems, savings habits, and cross-border remittances in a South African township, while fostering digital currency education and boosting local economic trust.

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YakiHonne: Luthando. We really appreciate you coming in. YakiHonne is a decentralized media client built on the Nostr protocol that enables freedom of speech through technology. It empowers creators to create their own voice, assets, and features. It also allows features like smart widgets, verified notes, and focuses on long-form articles. today. we'll be exploring more about your community.Can you tell us a bit about yourself? What do you do, and what’s your role in your community?

Luthando：I’m Luthando, a project community leader at Bitcoin Ekasi. My role includes onboarding township shops to help them adopt Bitcoin as a payment method. I also manage staff records, tracking workdays and paid leave for team members involved in the project. Additionally, I conduct interviews and collaborate with a supervisor to share insights and experiences about Bitcoin. This work is part of my efforts with Bitcoin Ekasi.

YakiHonne: You're really doing a lot of work in the Bitcoin ecosystem，what sparked your interest in Bitcoin? And what motivated you to create a community around it?

Luthando：When I was working as a safety coach at Safeacase, Herman introduced me to Bitcoin. During the COVID-19 pandemic, Safeacase, which relied on donations, faced severe financial challenges. This led to the launch of the Bitcoin Ekasi Project, where I helped township shops adopt Bitcoin as a payment method. With limited funds, I transitioned from receiving a fiat salary to earning in Bitcoin. Bitcoin transformed my mindset, making me realize it is the future of money. This realization inspired me to travel the world and explore new countries.

YakiHonne: Great. I really admire the enthusiasm you have for Bitcoin.Can you share a brief history of how you built your community and attracted members? What methods or advertisements did you use to onboard them?

Luthando：We host monthly Bitcoin movie nights to engage the community, running from February to December starting next year. We promote the events with posters in town, shops, and clinics, inviting residents to join. During the movie nights, participants use Bitcoin we provide to purchase popcorn and drinks, gaining hands-on experience with the technology. Luthando：And our Bitcoin center features a thrift shop and a small Bitcoin ATM. Community members can exchange fiat for Bitcoin using the ATM and use it to purchase clothing from the shop. We also offer Bitcoin courses with 14 students attending classes five days a week. To encourage attendance, students are rewarded with Bitcoin for consistent participation. Similarly, in the “Safer Kids” program, children who maintain a 70% attendance rate or higher also receive Bitcoin rewards. Luthando：To further promote Bitcoin adoption in the community, we painted Bitcoin-themed logos on 34 shops and paid the owners in Bitcoin, which they can use in local shops. This initiative not only spreads awareness but also provides the community with practical opportunities to use Bitcoin.

YakiHonne: Yeah, we are pushing Bitcoin adoption so hard this time. It's really great.What principles guide your community, and how do you ensure trust and reliability in your discussions?

Luthando：I was born in eastern South Africa, and my parents moved here around 1996. The community knows me well and trusts that I wouldn’t introduce anything fraudulent. Since 2010, we’ve been working in this township, especially helping children, building over a decade of trust. I explain to the community that we aim to bring value through Bitcoin, encouraging them to save in Bitcoin instead of fiat. As a result, the community has great trust in our Bitcoin Ekasi team.

YakiHonne: How do you educate your members and keep them updated on Bitcoin developments? You mentioned having five weekly meetups to onboard members, but what other methods do you use to educate them and keep them informed about the Bitcoin ecosystem?

Luthando：We use the Felly app to communicate with community members and keep them updated. At the Ekasi Center, we host quizzes to encourage participation. For example, the first attendees can earn 5,000 sats, motivating them to regularly engage with the Felly app. Although we initially tried a few other methods that didn't really involve them getting Sats, its impact was limited as many people in the township seek quick financial returns and often don’t return after their first visit. To address this, we host movie nights as a more engaging way to promote Bitcoin education. During these events, we screen Bitcoin-related films, allowing community members to learn about Bitcoin in a fun and relaxed setting.

YakiHonne: It's truly captivating and highly insightful.How does your community collaborate with the global Bitcoin ecosystem? Specifically, how does it engage with the broader worldwide Bitcoin community, and which partnership has been of more significant impact on Bitcoin Ekasi?

Luthando：We have established a strong partnership with Bitcoin Beach, which provided crucial support in the creation of the Bitcoin Ekasi project. Currently, we are planning to build a community center in the township, earning the trust and support of both Bitcoin Beach and the local government of Mossel Bay. The community center will serve as a multifunctional space for events like weddings and more. As one of the earliest Bitcoin adoption projects in Africa, Bitcoin Ekasi has inspired other countries to follow suit, viewing us as a model for building sustainable Bitcoin communities.

YakiHonne: How do you collaborate with Bitcoin communities and organizations outside South Africa? What partnerships or interactions do you have with other global Bitcoin communities?

Luthando: We collaborate with other Bitcoin projects through community initiatives. For example, we paint logos on local community shops and pay the owners 7000Sats per week. This approach has helped us build connections with projects outside South Africa. One notable example is our assistance to the Bitcoin Dua project in Africa, helping them establish a Bitcoin circular economy. We also supported the Bitcoin Loxin project in Cape Town, South Africa, in launching their Bitcoin circular economy. Through these collaborations, we have developed strong relationships with other Bitcoin communities.

YakiHonne: We’d like to understand the challenges you faced when starting the community, as well as the challenges the community has encountered？

Luthando: One of the main challenges is convincing members that Bitcoin is not a scam. Many people are skeptical about Bitcoin, fearing they might lose their money. Additionally, saving is not a common habit within the community, even with fiat currency. I often explain the importance of saving in Bitcoin, emphasizing how it can safeguard their financial security. However, changing deeply ingrained mindsets has proven to be quite difficult. Another challenge is the limited level of education in the community. Even those who own smartphones often struggle to use them effectively. This lack of familiarity extends to using Bitcoin wallets, with many people finding it challenging to navigate wallet usage, especially in shops. Lastly, I feel like I’m working around the clock. Even outside of work hours, people come to my house seeking assistance, such as exchanging Bitcoin for fiat. While I’m happy to help, the constant demands can feel overwhelming at times, making it seem as though I’m working every day, including weekends.

YakiHonne: and how you managed to overcome them？

Luthando: Overcoming these challenges is not easy. I can't say that I've fully managed to resolve them, but I do my best to address them. Fortunately, I have a colleague who assists me, although he’s currently out of town. He helps manage some of the workload, especially in dealing with local community members and providing them with the support they need.

YakiHonne: I'm really interested in the issue of people thinking Bitcoin is a scam. Could you elaborate on that? What specific steps have you taken to demonstrate that Bitcoin is reliable and not a scam?

Luthando: Many shop owners initially believe Bitcoin is a scam and refuse to accept it. To address their doubts, I demonstrate Bitcoin's legitimacy through practical examples. First, I help them download a Bitcoin wallet and post about it on X, receiving small tips from Bitcoin enthusiasts worldwide. I then use these tips to showcase Bitcoin's real-world applications. For instance, I use Bitrefill to purchase mobile airtime or fuel vouchers for them, highlighting Bitcoin's utility in daily life. I also mention South African restaurants like Steers that accept Bitcoin and even place food orders using Bitcoin to show its usability. Additionally, I demonstrate withdrawing cash from a crypto ATM using Bitcoin, further proving that it is a reliable financial tool and not a scam.

YakiHonne: You've done a lot of work in South Africa. I can imagine the effort, the pain and the stress.What initiatives has the community taken to promote Bitcoin adoption, and what results have these efforts achieved?

Luthando: At first, I never imagined we would reach this point. Now, many people frequently come to my home to ask how to buy Bitcoin. For example, this week, a man from Nigeria wanted to purchase Bitcoin worth 5,000 units. I explained the process to him and recommended using a hardware wallet for securely storing large amounts of Bitcoin. He used to struggle with sending money back home, but now he has realized the convenience of Bitcoin. In October last year, I helped two stores owned by Nigerians adopt Bitcoin payments. Since then, this practice has spread within the community, and more people, especially shop owners, have developed an interest in Bitcoin. They ask about its low transaction fees and have recognized it as an efficient solution for cross-border remittances. Initially, some shop owners were skeptical about Bitcoin, but they eventually started saving with it. Today, many of them have accumulated significant Bitcoin savings for their families and children, and they often express their gratitude for introducing Bitcoin to the community. Overall, the Bitcoin adoption project has had a profound impact here. We have educated the community about Bitcoin’s long-term savings value, and many people are now satisfied with this initiative and optimistic about the future.

YakiHonne: It’s clear you’ve achieved tangible results from your efforts. Looking ahead, what are your community's goals for the next 6 to 12 months? How do you plan to achieve them?

Luthando: For Bitcoin Ekasi, one of our main goals is to establish a dedicated Bitcoin Ekasi Center. This center would serve as a hub to educate people about Bitcoin on a frequent basis. We have already started working with a local school in the township, recruiting students and introducing teachers to Bitcoin. Our vision is to integrate Bitcoin education into the school’s curriculum, similar to what has been done in El Salvador. By incorporating Bitcoin as part of their regular subjects, students can gain foundational knowledge about Bitcoin and its potential uses. Ultimately, we aim for teachers to become advocates who can confidently teach children about Bitcoin, empowering the next generation with essential financial literacy skills.

YakiHonne: Thank you so much! I think most of my questions have been answered. I’m really glad to see Bitcoin enthusiasts with a clear focus on Bitcoin. As you said, Bitcoin is the future, and I truly appreciate your enthusiasm for it.

Luthando: Bitcoin is truly the future. We want to see this township transformed into something more modern, rather than its current state. I hope to see more parents saving some Bitcoin for their children. In our community, most kids receive a monthly government allowance of $50 starting from the age of one. I often suggest to parents that they set aside half of that allowance to buy Bitcoin for their child. If they save consistently from age one to 18, the value could grow significantly as Bitcoin appreciates. I’m already doing this for my own child so that he will have savings as he grows up.

YakiHonne: Bitcoin is the future. Its value continues to grow steadily over time. Thank you so much for today’s conversation; we are truly honored. Your sharing of such rich experiences has been incredibly insightful for us. I’ve learned that using movie events to engage more people is an excellent idea, and we plan to start trying it out soon. Once again, thank you for your time and for sharing with us!

@ 1bda7e1f:bb97c4d9

Tldr

• Nostr is an open protocol which is interoperable with all kinds of other technologies
• You can use this interoperability to create custom solutions
• Nostr apps define the a custom URI scheme handler "nostr:"
• In this blog I use this to integrate Nostr with NFC cards
• I create a Nostr NFC "login card" which allows me to log into Amethyst client
• I create a Nostr NFC "business card" which allows anyone to find my profile with a tap

Inter-Op All The Things!

Nostr is a new open social protocol for the internet. This open nature is very exciting because it means Nostr can add new capabilities to all other internet-connected technologies, from browsers to web applications. In my view, it achieves this through three core capabilities.

• A lightweight decentralised identity (Nostr keys, "npubs" and "nsecs"),
• A lightweight data distribution network (Nostr relays),
• A set of data interoperability standards (The Nostr Improvement Protocols "NIPs"), including the "nostr:" URI which we'll use in this post.

The lightweight nature is its core strength. Very little is required to interoperate with Nostr, which means many existing technologies can be easily used with the network.

Over the next few blog posts, I'll explore different Nostr inter-op ideas, and also deliver my first small open source projects to the community. I'll cover–

• NFC cards integrated with Nostr (in this post),
• Workflow Automations integrated with Nostr,
• AI LLMs integrated with Nostr.

The "Nostr:" URI

One feature of Nostr is it defines a custom URI scheme handler "nostr:". What is that?

A URI is used to identify a resource in a system. A system will have a protocol handler registry used to store such URI's, and if a system has a URI registered, then it knows what to do when it sees it. You are probably already familiar with some URI schemes such as "http:" and "mailto:". For example, when you click an http link, the system knows that it describes an http resource and opens a web browser to fetch the content from the internet.

A nostr: link operates in the same way. The nostr: prefix indicates a custom URI scheme specifically designed for the Nostr protocol. If a system has a Nostr application installed, that application may have registered "nostr:" in the protocol handler registry. On that system when a "nostr:" URI is clicked, the system will know that it describes a nostr resource and open the Nostr client to fetch the content from the nostr relay network.

This inter-op with the protocol handler registry gives us the power to do nice and exciting things with other technologies.

Nostr and NFC

Another technology that uses URIs is NFC cards. NFC (Near Field Communication) is a wireless technology that enables devices to exchange data over a few centimeters. It’s widely used in contactless payments, access control, and information sharing.

NFC tags are small chips embedded in cards or stickers which can store data like plain text, URLs, or custom URIs. They are very cheap (cents each) and widely available (Amazon with next day delivery).

When an NFC tag contains a URI, such as a http: (or nostr:) link, it acts as a trigger. Tapping the tag with an NFC-enabled device launches the associated application and processes the URI. For example, tapping a tag with "nostr:..." could open a Nostr client, directing it to a specific login page, public profile, or event.

This inter-op allows us to bridge the physical world to Nostr with just a tap.

Many useful ideas

There are many interesting ways to use this. Too many for me to explore. Perhaps some of these are interesting for your next side hustle?

• Nostr NFC "login cards" – tap to log into Amethyst on Android,
• Nostr NFC "business cards" – give to connections so they can tap to load your npub,
• Nostr NFC "payment cards" – integrating lightning network or ecash,
• Nostr NFC "doorbells", "punch cards", "drop boxes", or "dead drops" – put a tag in a specific place and tap to open a location-specific message or chat,
• Integrations with other access control systems,
• Integrations with other home automation systems,
• Many more ...

To start with I have built and use the "login card" and "business card" solutions. This blog post will show you how to do the same.

Nostr Login Card

You can use an NFC card to log into your Nostr client.

Most Nostr clients accept a variety of login methods, from posting your nsec into the app (insecure) to using a remote signer (more secure). A less known but more secure method is to sign into a session with a tap of a specially-configured NFC card. Amethyst is a Nostr client on Android which supports this type of login.

• A secure method for logging in
• Optionally keeps no log in history on the device after logout
• Does not require users to know or understand how keys work
• Keys are kept secure on a physically-separated card to reduce risk of compromise

Nostr devs think that this is useful for anti-establishment actors–Fair enough. For me, I am interested in this login card pattern as it could be useful for rolling out identities within an organisation context with less training (office workers are already familiar with door access cards). This pattern potentially abstracts away key management to the IT or ops team who provision the cards.

I first discovered this when Kohei demonstrated it in his video.

Here's how you set it up at a high level–

1. Buy yourself some NFC cards
2. Get your Nostr key ready in an encrypted, password protected format called "nencryptsec"
3. Write the nencryptsec to the NFC card as a custom URI
4. Tap to load the login screen, and enter your password to login

Here it is in detail–

Buy yourself some NFC cards

I found no specific requirements. As usual with Nostr so far, I tried to the cheapest possible route and it worked. Generic brand NFC cards shipped from China, I believe it was 50X for $15 from Amazon. Your mileage may vary.

Get your Nostr key ready

Your key will be saved to the NFC card in an encrypted password-protected format called "nencryptsec". Several applications support this. As we'll be using this to login to Amethyst, we will use Amethyst to output the nencryptsec for us.

1. Login to Amethyst with your nsec,
2. Open the sidebar and click "Backup Keys",
3. Enter a password, and click "Encrypt and my secret key",
4. It will add the password-protected key to your clipboard in the format "ncryptsec1...",
5. Remember to backup your password.

Write the ncryptsec to the NFC card

1. Download the free NFC Tools app to your device, and open it,
2. Click "Write" and "Add a record", then click "Custom URL / URI",
3. Paste your nencryptsec with the nostr URI in front, i.e. "nostr:ncryptsec1..." and click OK,
4. Click "Write". NFC Tools will prompt you to "Approach an NFC tag",
5. Place your NFC card against your phone, and it will write to the card,
6. Your card is ready.

Tap to load the login screen

Tap the card against your phone again, and your phone should open the login screen of Amethyst and prompt you for your password.

Once you enter your password, Amethyst will decrypt your nsec and log you in.

Optionally, you can also set the app to forget you once you log out.

You have created a Nostr NFC "login card".

Nostr Business Card

You can use another NFC card to give anyone you meet a link straight to your Nostr profile.

I attended Peter McCormack's #CheatCode conference in Sydney and gave a few of these out following the Nostr panel, notably to Preston Pysh where it got some cut through and found me my first 100 followers. You can do the same.

To create your Nostr NFC "business card" is even easier than your NFC "login card".

1. Buy yourself some NFC cards,
2. Download the free NFC Tools app to your device, and open it,
3. Click "Write" and "Add a record", then click "Custom URL / URI",
4. Write your npub to the NFC card as a custom URI in the format "nostr:npub1..." (e.g. for me this is "nostr:npub1r0d8u8mnj6769500nypnm28a9hpk9qg8jr0ehe30tygr3wuhcnvs4rfsft"),
5. Your card is ready.

Give the card to someone who is a Nostr user, and when they tap the card against their phone it will open their preferred Nostr client and go directly to your Nostr profile page.

You have created a Nostr NFC "business card".

What I Did Wrong

I like to share what I did wrong so you don't have to make the same mistakes. This time, this was very easy, and little went wrong. In general

• When password-protecting your nsec, don't forget the password!
• When writing to the NFC card, make sure to use "Custom URI/URL" as this accepts your "nostr:" URI scheme. If you use generic "URI/URL" it won't work.

What's Next

Over my first four blogs I have explored creating a good Nostr setup

• Mined a Nostr pubkey and backed up the mnemonic
• Set up Nostr payments with a Lightning wallet plus all the bells and whistles
• Set up NIP-05 and Lighting Address at my own domain
• Set up a Personal Relay at my own domain

Over the next few blogs I will be exploring different types of Nostr inter-op

• NFC cards integrated with Nostr (this post)
• Workflow Automations integrated with Nostr
• AI LLMs integrated with Nostr

Please be sure to let me know if you think there's another Nostr topic you'd like to see me tackle.

GM Nostr.

@ 7776c32d:45558888

I am submitting another Monero dev bounty on bounties.monero.social for a much more ambitious project than my last one (which is still in progress, for nostr wallet bot setup tooling).

It all started with the Nintedo 64. It's a 64-bit desktop computer that can run modern-day 64-bit Linux, but most owners do not have a keyboard and mouse for it - only a controller. On the bright side, it has no ethernet port or wireless card to introduce internet-connected backdoors. There are also other, older systems with no internet connectivity; the 64 is just special for its Linux compatibility.

Importantly, many old game systems like this have been mass-produced, sold worldwide, and maintained by collectors, ensuring continued availability will outlast today's empires.

Despite the difficulty of inputting text using gamepad controls, this category of system is ideal for air-gapped wallets; however, this bounty is starting smaller and more general-purpose than that. The point is to generate seed phrases and associated public and private keys, while providing good safety advice, and helping people learn.

The development bounty

Link to the bounty page at bounties.monero.social - https://bounties.monero.social/posts/168/gamepad-controlled-cryptographic-multitool-with-offline-wallet-address-generator

Since this project is nostr-related, I am also making this thread on nostr, so that nostr users can have their input included.

Here are the details of the bounty, which can also be viewed at the link I've provided.

Bounty details

Native platform requirements

• The app must be tested to work on a common vintage game system (mainline Nintendo or equivalent popularity), using its standard controller or handheld controls (this makes this bounty stupidly difficult, I'm sorry)
• The newest consoles you can target are "5th generation" (N64 or equivalent) or, if you want to do a handheld, GBA or lesser is fine (the point is equivalence of capabilities, not actual release year)
• Optionally, the app can work with any keyboard attachment available for the selected system, but it still has to also be usable with the standard controls
• The app must also be tested to work on Linux or Android (either one is fine)
  • If your solution does not run natively on Linux or Android, then it just needs to work in at least one open source Nintendo emulator for Linux or Android (either one is fine)
  • If your solution involves running Linux on a Nintendo 64, you do have to confirm it works on typical Linux or Android devices without the emulator (again, either one is fine)

I do not want to lend indirect support to a specific corporate brand, and I strongly respect that others in this community might be suspicious that looks like what I'm doing by mentioning Nintendo products. Thus, non-Nintendo systems with similar limitations, anywhere from a Commodore 64 to a PlayStation, could be accepted as alternatives. However, I am not mentioning Nintendo to support Nintendo - their systems simply seem to be the only ones that have all of the following benefits:

• Competed significantly with the sales numbers for a mainline Nintendo system in the US and worldwide
• Complicated wording because it's a very particular thing: these systems were sold at a time when the US surveillance state might have accepted a more limited level of invasiveness for the backdoor vulnerabilities required in electronic products marketed to American consumers, if the products were understood by Americans to be toys for running games, and not used by adults to run code for serious purposes
• These products were indeed understood by Americans to be toys for running games, and not used by adults to run code for serious purposes
• Ostensibly no built-in networking, wireless functionality, cameras, microphones, speakers
• Continuing to be sold and bought very actively by a large number of gamers, for gaming purposes; this makes it somewhat ineffficient to target the entire market with random shipment interceptions, to plant backdoors blindly, hoping to catch things other than gameplay
• Already wide support for loading unlicensed games; even if a mod chip or custom loadable cartridge is needed, gamers buy these things to run games, so it can't be assumed that these mod chips or custom cartridges are being used for cryptography purposes every time they're purchased
• Last but not least, these systems have open-source emulators readily available for all major platforms (or, in the case of N64 Linux, a convenient way to bypass any emulator for cross-compatibility)

Many systems meet parts of these criteria, and would be useful even if they don't hit every point on the list. The examples I gave before - a Commodore 64 and a PlayStation - miss many of these points, yet they would still be awesome. Nonetheless, these criteria seem to make a Nintendo 64 or similar ideal to start with, before extending the functionality onto other systems, to increase overall availability even further.

On the other hand, some of these factors are vital criteria, such as the lack of built-in surveillance equipment (even speakers are just inverse microphones).

I've provided this information to help an informed choice be made, so I'll leave the final selection in the community's hands. Just keep it equivalent to these old systems, or ideally, pick one of them.

Additional note: I'm also not sure mentioning Nintendo here actually benefits them as a corporation. The brand should benefit, in that it becomes a more useful name and logo for a stronger corporation to potentially own; but that doesn't mean the current corporation benefits from so-called ownership of a name and logo they might not even be allowed to trade for a few Monero, let alone fully utilize.

Simplified list of functions

• Promote the development of knowledge and experience for users working with cryptographic tools (including but not limited to Monero and other cryptocurrency)
• Mine for "vanity keys" (wallet addresses and nostr pubkeys matching given text strings)
• Handle UTF-8 text input somehow, probably an on-screen keyboard navigated using the controller
• Guide users through generating more well-randomized seed phrases by hand
• Convert text to and from binary using text encoding schemes such as Unicode (might seem like a silly toy thing to include, but this helps familiarize people with the general concept of converting chunks of digital data between different formats)
• Convert data to QR codes (inverse not required because most old Nintendos do not have cameras)
• Convert text and binary from plain to encrypted form, and vice versa, in accordance with well-regarded encryption algorithms
• Convert random input to seed phrase
• Convert seed phrases to nostr keypairs and BIP-39 wallet addresses
• Configure these conversions as preset settings, editable by the user to configure custom wallet address derivation paths, seed phrase standards, encryption algorithms, etc
• Include presets for generating wallet addresses for at least the following cryptocurrencies: Monero (XMR), doggie coin (DOGE), Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC)
• Include UTF-8 and ASCII as presets for binary text encoding

Detailed information

All of the information listed in this section must be provided to users where specified, but you can rephrase it or expand on it as long as your changes strengthen the informational value. Copying and pasting from me, or asking me to revise or expand what I've written for your use, is also fine.

Main menu splash

At the main menu, display a random security tip from a list of tips like "did you compile this from the source code yourself?" and "have you considered using an off-grid power source to make sure you're disconnected from any grid-based backdoors?"

Actually make sure those 2 are in the list. Other than that, you can use some existing list of tips you find online, or make a list yourself, or ask me or others for help, or whatever you want. This is kind of like Minecraft's main menu splash text, which also gets randomly selected from a list of possible strings.

Encrypting and decrypting text

When encrypting and decrypting text, convey to the user that the term "end to end encryption" has become a marketing term widely used to gaslight the public in the age of security theatre, and what the user is doing only counts as "end to end encryption" if they have good reason to be sure their game system has no leakpoints/backdoors, and neither does the device of anyone the user is exchanging messages with.

Keygen

Points to convey at the beginning of the process of generating a key:

• When a process requires some randomized data, that piece of data is called a "seed;"
• for example, a "seed phrase" is a sequence of words that translate to a random binary sequence, often used to calculate wallet addresses;
• random number generation is hard for computers or humans alone, so the most secure software generates random numbers by mixing user input with electronic algorithms, which means a wallet's final seed is generated from a precursor seed of user input
• the precursor seed is often invisible to the user, collected from something like mouse movements which they might not notice, but more transparently involving the user can help teach them more about security and user safety
• old-fashioned random number generators, such as dice, can be far more reliable and secure than contemporary electronic mechanisms, so it's also a good idea for secure software to allow users to turn to these outside sources of randomness

When generating a key, offer these 3 options, where the tradeoffs are made clear to the user:

• the user can ignore security to automatically mine for a "vanity seed" matching a special wallet address and/or npub;
• middle ground, the user can use their device to manually generate user input for a random seed;
• maximum user control, the user can be guided through the process of generating their seed phrase using an antique technology such as dice

When manually generating a key using dice or similar, the user can enter a binary sequence to have it converted to a seed phrase. At this stage, convey these points:

• the user can instead print out a list of seed words and keep this step independent if they want;
• although there are many entries in the list of seed words, it takes surprisingly little paper to print a list with that many single-word entries at a readable font size;
• the checksum would be the hardest part without electronics

When a seed phrase is generated, don't offer the user any option for what to do with it except delete it and return to the main menu. Make these points available for the user to read about:

• the user should save the seed using a non-electronic method such as paper;
• if the seed is or might become essential to avoid losing, backing it up would be ideal;
• backing it up might be too risky for individuals facing unusually high levels of surveillance or unusual risk of theft;
• this risk might be addressed using miltisig, or simply split-up segments of a seed, or memorizing a seed phrase without keeping it written down;
• random word sequences this long are much harder to remember than actual sentences, and relying on memory has a very high rate of failure;
• when using memory to store crypto wallet keys, it's called a "brain wallet," and it's known for being very dangerous and a bad idea in most cases;
• only long seed phrases can be partly exposed and still have enough randomness remaining for protection, it's probably not a good idea to split up a 12-word seed into multiple segments for security;
• your keys are yours to protect - users should look for more information beyond what any app explains, and take time to think about how they personally want to secure any important seed

When manually adding derivation paths for wallet addresses, stress to the user that it's dangerous af and they better get it exactly right and actually just still not even use it because it's too risky to be worth it.

When generating wallet addresses, convey to the user that this app does not yet have actual wallet functionality and cannot connect to the blockchain to verify a test transaction, so if the user is planning to just blindly deposit large amounts to wallet addresses generated here without any testing, that's so metal and hardcore af

QR codes

When generating QR codes for any purpose, wallet address or otherwise, always convey to the user that pointing one device's camera at another device's screen, or even the light cast by it, could allow hidden backdoors to transfer data beyond what the user intends to transfer.

For example, a screen could encode data in microscopic changes of brightness, detectable by a camera, but not noticeable to the human eye.

Thus, for the most high-security level of air-gapping, one should consider using pen and paper (copied multiple times and triple-checked) for data transfer, while keeping sensitive electronics as isolated as possible from camera phones, or ideally as isolated as possible from other electronics in general.

Text encoding support requirements

• Confirm all ASCII characters convert to and from binary successfully (UTF-8 would probably be impossible to hit 100% on)
• Confirm UTF-8 braille characters render successfully (because these characters are inadvertently functional as an image encoding method)

⣴⡿⠶⠀⠀⠀⣦⣀⣴⠀⠀⠀⠀
⣿⡄⠀⠀⣠⣾⠛⣿⠛⣷⠀⠿⣦
⠙⣷⣦⣾⣿⣿⣿⣿⣿⠟⠀⣴⣿
⠀⣸⣿⣿⣿⣿⣿⣿⣿⣾⠿⠋⠁
⠀⣿⣿⣿⠿⡿⣿⣿⡿⠀⠀⠀⠀
⢸⣿⡋⠀⠀⠀⢹⣿⡇⠀⠀⠀⠀
⣿⡟⠀⠀⠀⠀⠀⢿⡇⠀⠀⠀⠀
⠉⠁⠀⠀⠀⠀⠀⠸⠇

When using the text encoding functionality, which converts text between encoding standards like ASCII and UTF-8, it would also be good to include a reminder that the user's keyboard and other system components are encoded in UTF-8.

A suggestion

This isn't a firm requirement, but if possible, please allow the user's choice from at least the following 2 color schemes: black background with green text, and pale yellow background with black/gray text. For some idea of what "pale yellow" means, something like HTML color code feffb2 would be good.

Roadmap of future plans to avoid for now

Devs on bounties.monero.social sometimes go above and beyond what's requested in a bounty. That's truly awesome, but in this case, the limits of this project are intentional; please do not skip past the scope of the bounty too widely. You can go beyond the scope if you wish, but along the way, it would still be ideal to do a minimalist release to suit this bounty's requirements specifically. I hope this bounty is more than challenging enough to begin with - as a non-coder, it seems to me like it should already be extremely difficult.

I intend to do (smaller) future bounties for expansion of this project. Ideally these expansions should take the form of patches, all compatible with each other, and the minimalist original version. Thus, different versions of the app, with different capabilities, could be configured - and their security analyzed separately.

Here are some specific bounties and ideas I would want to see added later, but not in the minimalist version, to save on lines of code in the minimalist security analysis.

• Bounty for a patch that adds air-gapped wallet functionality, where the app can actually interface with the blockchain to do transactions, by using pen and paper to transfer data between the Nintendo and a different machine with an internet connection
• Bounty for a patch that adds air-gapped nostr functionality, where the app can generate signed nostr events and encrypt/decrypt direct messages, and a "sister app" handles the exchange of data on an internet-connected system
• Bounty for a patch to enhance text handling by adding clipboard functions (highlight/cut/copy/paste)
• Include a clipboard history view (clearly warning the user that the Nintendo has no storage, and this is only a temporary history, lasting until the system is reset)
• Bounty for a patch that expands data transfer methods by adding support for some kind of peripheral data interface such as a memory card slot
• Allow encryption and decryption of heavier data formats than text, such as images, if some kind of peripheral provides a better data interface than pen-and-paper / on-screen keyboard
• If the selected device ever had a camera attachment available, a bounty for a patch that adds support for the camera (QR code scanning, image capturing, maybe converting images to Unicode braille art)
• Bounty for a patch that hides this entire app inside of whatever game had the most copies produced for the selected Nintendo system (not against copyright to release as a patch)
• Bounties for identical functionality on other systems

In addition to all these goals, it would also be good to have a large number of native cartridges produced someday, containing this software, after some time for the open-source community to review and revise first.

@ 5e5fc143:393d5a2c

Now test old reliable front end Stay tuned more later Keeping this as template long note for debugging in future as come across few NIP-33 post edit issues

@ fd208ee8:0fd927c1

The newspaper barons are all into crypto, now

Watching the outsized-impact we crypto enthusiasts (I'm including Bitcoin in that category), had on the 2024 USA presidential election, was a sobering affair. At the moment, our impact is primarily over the voting box, but, already, indirectly, (over Elon Musik, Donald Trump, and Jack Dorsey, etc.) through our sheer wealth (and the ingenuity that brought us that wealth) being able to influence the voting population, by changing/shifting the communications channels and influencing what is written there.

Elon even reached deep into his foreign-learned bag of political tricks and started handing out money, directly, to petition signers.

Survival of the fittest, ongoing

Now, you all know that I have full respect for an expert player, when I see one, so no hating the hustle, from my side. We all play the hand we are dealt, and the political game is now such a pigsty, that you have to get a bit dirty, to have a chance at winning. Trying to stay neat and above the fray cost Republicans the last election.

It was the most dramatic display of the greatest power following the best money, that has been seen, since the Medici family began minting gold coins. The entire world is in shock. Change is upon us.

He who has the best money, makes the rules.

On a smaller, but not insignificant scale, private wealth and access to Bitcoin funding, have allowed quite a few of us Nostriches, to dedicate time and energy toward promoting and developing the New Internet. Whereas, other people's hobby is increasingly the night shift at the gas station, or doing something mind-numbing, to escape the realities of their current economic misery.

You don't need money to be here, but you can spend more time here, if you have money. And we are here, writing the rules. We call them NIPs.

Same ole, same ole

But back to us Bitcoiners...

I increasingly don't see us morally any different than the clever people crowding into any safe asset, during any financial crisis. Like the people who bought agricultural land, gold, and Swiss Francs, before the Reichsmark melted down. The people who had that stuff, mostly managed to keep it, and their children and grandchildren have inherited it. Or they managed to marry back into families, that have done so, by remaining in the same social class, through beauty or talent.

We Bitcoiners have a good narrative to go along with our flight to economic safety, but everyone has that narrative. Humans have a conscience and need to justify their own actions, to themselves. I'm also a goldbug, you see, and a stockholder, and all three assets are rife with the same virtuous narrative.

How do we save our financial behinds, without being evil?

Some people are simply more situationally aware and have more agency, by nature and circumstances, and they adapt faster. It's not mere intelligence, rather, it also requires a willingness to act and take risks. There's an element of chance to it, but it's still always the same types of people ending up with the assets, with the winners slightly shifting with each round, due to evolution and changes in the environment.

Charity was invented, to get such people to willingly share their assets, or the fruits of their assets, for the common good. So, rather than fret over the morality of the asset, itself, the better response is to consider stepping up your charity (effort or payments), to balance out the inevitable negative impact of the coming Age of Bitcoin Inequality.

Coming down from the ATH

Even now, Bitcoin isn't the only safe asset; it's just the most-fungible and partitionable one, so that it's the one most akin to money. And lines are being blurred, as corporations, funds, governments, and insurers discharge dollars and stock up on harder reserve assets, including Bitcoin.

They can hear the money printers rolling out, already, because nobody can print-n-spend, like Trump can. Let's not forget that the money for the last big bump came from the infamous Trump stimmy checks, that lots of us stacked on crypto.

As Bitcoin flows into such markets, the power will rest with both groups (the direct-hodlers and the title-holders), although the hodlers will initially have the upper hand. I say, initially because many hodlers will need to discharge or invest Bitcoin, to live off of it, but the others don't need to, so it should eventually even out. It could take dozens or even hundreds of years to rebalance. By then, the world will be a very different place, and we don't know if Bitcoin will even still be a part of it.

Assets come, assets go, and I'm just glad I didn't let down my forefathers, by leaving them with the first generation, who failed to adapt. Even if I'm a bit late, to the Bitcoin game, the ball is still in play.

May the best money win. And may it be mine. And may I do good with it.

@ 16d11430:61640947

ERM (Erlang on Mobile) goes beyond traditional mobile frameworks by integrating a Core Lightning (CLN) plugin and a Decentralized Exchange (DEX). These additions are pivotal for creating a secure, private, and user-centric mobile ecosystem. Here's how these integrations work, their implications, and why they represent a monumental leap forward for mobile technology.

---

Core Lightning Plugin: Decentralized Payments at the Core

1. Seamless Micropayments for Mobile Applications

The Core Lightning plugin enables ERM to support Lightning Network payments natively:

Low Fees: Lightning’s off-chain nature ensures low transaction costs, making micropayments viable for app interactions.

Instant Settlements: Payments are confirmed in milliseconds, ensuring smooth user experiences.

Global Accessibility: Users can transact across borders without relying on traditional banking systems.

Use Case: An in-app marketplace allows users to pay for premium features, services, or digital goods directly using Bitcoin over the Lightning Network, bypassing credit card fees and delays.

---

1. Enhanced Privacy

Lightning payments are inherently private due to their off-chain structure:

Transaction details are not broadcasted to the blockchain, reducing exposure.

Users maintain control of their payment channels, ensuring confidentiality.

Use Case: A subscription-based app could charge users directly through a private Lightning channel, ensuring that neither the app nor third parties access sensitive financial information.

---

1. Security Through Decentralization

The integration of Lightning ensures decentralized payment processing:

Removes reliance on centralized payment processors prone to outages or breaches.

Protects against censorship, enabling users to transact freely, even in restrictive environments.

Use Case: A whistleblower app on ERM could accept anonymous payments or tips via the Lightning Network, safeguarding user identities.

---

Integrated DEX: True Ownership and Private Trading

1. Decentralized Trading for App Ecosystems

The integrated DEX allows users to trade assets directly within the ERM ecosystem:

Token Swaps: Users can exchange tokens for utility services or app-specific credits without leaving the ecosystem.

Non-Custodial: Users retain full control of their assets, eliminating reliance on third-party exchanges.

Use Case: A decentralized ride-sharing app lets users trade app-specific tokens for Bitcoin or other cryptocurrencies directly through the DEX.

---

1. Privacy-Preserving Transactions

The DEX enhances privacy by enabling trades without revealing personal information:

Trades occur peer-to-peer, bypassing centralized order books that track user activity.

Smart contracts enforce the terms of the trade, removing intermediaries.

Use Case: A freelance marketplace app allows users to exchange their earnings for other cryptocurrencies privately and instantly.

---

1. Enhanced Security Through Smart Contracts

The DEX leverages Aeternity’s smart contracts for secure, transparent trading:

Atomic Swaps: Eliminate counterparty risk by ensuring both sides of a trade are completed simultaneously or not at all.

Immutable Records: Trade data stored on the blockchain ensures transparency without compromising user privacy.

Use Case: Users can securely trade gaming assets or NFTs within ERM apps, knowing the transaction terms are immutable and verifiable.

---

Combined Benefits: CLN + DEX Integration in ERM

1. Unified Ecosystem

By integrating Lightning payments and decentralized trading, ERM creates a cohesive ecosystem:

Apps can natively handle payments and asset trading without external dependencies.

Developers can monetize their apps without relying on traditional app stores or payment gateways.

Use Case: A decentralized social media app on ERM allows users to tip creators via Lightning and trade in-app rewards for cryptocurrencies through the DEX.

---

1. Increased User Autonomy

ERM empowers users to take control of their digital lives:

Privacy: Users can transact and trade without exposing personal data.

Security: Decentralized architecture ensures protection against data breaches and fraud.

Freedom: Users can access financial services and marketplaces without geographical or regulatory restrictions.

Use Case: A remittance app built on ERM enables users to send payments globally over the Lightning Network, while the DEX allows them to convert funds into local currencies or stablecoins.

---

1. Future-Proof Mobile Technology

The integration of CLN and DEX positions ERM as a trailblazer in the evolution of mobile technology:

It aligns with the growing demand for decentralized, private, and secure digital solutions.

By combining cutting-edge technologies, ERM anticipates the needs of users and developers in a post-fiat world.

Use Case: Developers build apps that automatically allocate profits through Lightning microtransactions and provide token-based access to premium features traded on the DEX.

---

Conclusion: A New Era for Mobile Privacy and Security

ERM, with its integrated Core Lightning plugin and DEX, offers a vision of mobile technology that is:

Private: Safeguarding user data and transactions.

Secure: Leveraging decentralized architecture to eliminate single points of failure.

Efficient: Enabling seamless payments and trading directly within apps.

This ecosystem isn’t just a step forward—it’s a leap into a future where users are empowered, developers are liberated, and the boundaries of mobile technology are redefined. With ERM, the constraints of fiat and centralized systems are left behind, making way for a new paradigm of freedom, efficiency, and innovation.

@ 16d11430:61640947

Introduction to ERM

ERM, or Erlang on Mobile, is a groundbreaking initiative that brings the robust and highly concurrent Erlang ecosystem to mobile devices. Designed to enable resilient, low-latency, and efficient computing, ERM represents a shift in how mobile applications can function. With seamless state persistence, decentralized architectures, and interfaces mimicking natural processes, ERM provides a vision of mobile technology that transcends traditional app models.

The Problem: Lost Serenity in a Fiat-Driven World

Modern app-based living thrives on convenience but is constrained by systems rooted in fiat economies—centralized control, inefficiency, and lack of user agency. Fiat-driven models perpetuate:

Fragile systems: Apps fail to maintain seamless continuity, leaving users frustrated.

Wasted potential: Centralized architectures stifle innovation and scalability.

Lack of freedom: Users are tethered to rigid systems, with little room for customization or personal growth.

This has led to a loss of peace, serenity, and efficiency, leaving users yearning for systems that prioritize their autonomy and well-being.

---

The Solution: ERM’s Revolutionary Approach

1. Persistent State for Seamless Experiences

ERM integrates with Aeternity's state channels to enable real-time, continuous state persistence:

Apps maintain a living state across devices and interactions, mirroring the continuity of natural systems.

Users experience uninterrupted workflows, even in scenarios of device failure or network disruptions.

This eliminates the frustration of fragmented data and inconsistent app performance.

Relatable Perspective: Imagine switching between your devices without losing a single step in your workflow—your shopping cart, chat threads, or game progress flows with you, effortlessly.

---

1. Decentralized Intelligence and Privacy

ERM leverages the power of blockchain and decentralized computing to create apps that are:

Resilient: Distributed systems adapt to disruptions without compromising performance.

Intelligent: Applications evolve dynamically based on user behavior, acting as intuitive agents.

Private: State channels ensure sensitive data is protected, offering users security without sacrificing usability.

Relatable Perspective: Picture your fitness app not just tracking your steps but adapting to your routines and offering personalized advice in real-time—all while keeping your data private.

---

1. Ergonomic and Human-Centric Interfaces

ERM introduces interfaces that amplify the grace of human form, inspired by natural processes:

Gesture-based controls: Intuitive, ergonomic interactions make technology feel like an extension of your body.

Adaptive design: Interfaces evolve organically, adjusting to your needs and environment.

Seamless integration: Hands-free, holographic elements blend into your daily life, freeing you from traditional screens.

Relatable Perspective: Think of a virtual assistant that responds fluidly to gestures while you're cooking or driving, offering suggestions without you needing to touch a device.

---

1. Liberation from Fiat Constraints

Fiat-based systems have dominated modern technology, tying innovation to outdated economic models. ERM’s decentralized approach:

Operates beyond the reach of centralized fiat control, ensuring freedom for users and developers.

Creates a "slip gap" where human efficiency can flourish, untouched by bureaucratic stagnation.

Offers opportunities for creativity and progress that centralized systems cannot match.

Relatable Perspective: Developers can now build apps that aren’t limited by app store restrictions or payment gateways, creating ecosystems where users pay directly for utility—like subscribing to features on-demand with crypto.

---

Why ERM Matters: Grasping the Slight Edge

ERM represents more than a new technology—it’s a philosophy of reclaiming peace and efficiency through innovation. By:

Empowering decentralized, persistent systems,

Enhancing human-centric design,

Offering freedom from fiat’s limitations,

ERM provides the slight edge needed to transcend traditional models. It enables us to imagine and build interfaces that feel alive, systems that work for us rather than against us, and a future where technology is a natural extension of human creativity and grace.

---

Conclusion: A New Paradigm of Efficiency

ERM isn’t just about better apps—it’s about redefining how we interact with technology. It’s about creating systems that mirror the fluidity and resilience of nature while empowering users to reclaim their serenity in a world long dominated by inefficiency and control.

This is the opportunity to break free from fiat's constraints and embrace a future of seamless, decentralized, and human-centric innovation. The question isn’t whether to grasp it—it’s whether you can afford to be left behind.

@ fd208ee8:0fd927c1

Unsucking the feed is real

As a Nostrich with an interesting, thought-provoking, and informative feed... a feed so good, that we're creating clients just to look at that feed... a feed that puts a lie to the idea that Nostr is nothing, but people reposting from Twitter or rehashing worn-out Bitcoin memes... a feed that I personally and increasingly enjoy perusing... I am here to tell you that the feed is real.

It's taken me over a year, to produce this feed. I literally spent hours and hours, day in and day out, scouring the Nostrverse for people worth introducing other people to. It was brutally difficult, as I was fighting the inherent nature of the Nostr clients and relays, in their current, most-popular form.

It goes like so...

Here are the steps I took, that sometimes weren't possible to take, until I tried to take them, and that still will sometimes break your client because the clients are often intentionally designed to steer you into having one particular feed:

1) Make a screenshot of your current relay list and copy your follows list. 2) Unsubscribe from all the relays, that you are currently subscribed to. Your feed should disappear. If it doesn't, or it doesn't allow for this, switch to a different client app because yours is corrupted. 3) Unfollow everyone. Delete the whole list. You are taking your follows private, which will invariably result in only following npubs whose stuff you actually want to see, since there's no longer any virtue-signaling going on. Also, it's easier to explain having no list, than a very short one. If your client doesn't allow for this, or starts throwing error messages and freezing up, then switch to a different client app because yours is corrupted. 4) Curate your copied follows list. Go line by line and look at the feed produced by the npub on that list. * Do you want to see that in your feed, going forward? * Do they produce original content and/or are they interesting conversationalists, in the replies? * Have they been active, within the past three months? * Are they simply good friends or real-life acquaintances, that you want to keep tabs on? * If not, cross out their name. * If you have been following someone because they repost or quote interesting things, look at who they've been reposting and follow them, instead. 5) Of the npubs remaining on your list, go through and select the 10 most interesting ones, and look at the reposts and quotes in their feed, and their topical lists like \"Favorites\", \"Devs\", \"Recipes\", etc. (Not their follows list, unless it's quite short, as follows tend to be full of people they follow for social-signaling or client-functional reasons, that they don't actively look at.) Find some new follows, there. 6) Now, set up a personal relay and add all the follows, that made the cut, to your allowed-npubs list. Do not add people to the list, just to make them feel better, or because you feel guilty, as they follow you, or to keep them from yelling at you. Remember, they can't see the list! 7) Think about the topics you find interesting, and add an allowed-keywords list (this is better than hashtags, as it searches the entire content of the notes), with the OR operator (these allowed npubs OR these allowed topics). 8) Make sure that you choose words likely to find the content you are most-interested in, and not people just ranting about it or spamming (those are great additions to your relay's block-list). If you are Muslim, for instance, instead of "Islam" or "shariah", choose "hadith" or "riba", as those are words more-likely to be used by people who know what they are talking about. If you are into bread baking, add "sourdough", "rye", "yeast", or "whisk", but don't add "bread" or "carbs". Once a note from those people shows up in your feed, and their feed looks like someone interesting, you can add their npub to your allow list. Remember: The topics are there to find people to add to the allow list, not merely for their own sake, as this is not a topical relay, but a personal one. 9) Open up a faucet (or relay syncing) with some of the big relays you previously unsubscribed from, some WoT relays, and some of the paid relays (nostr.land, nostr.wine, nostr21.com, and sovbit.host, for example). Your relay will filter that feed and only accept the events from the people and topics on your list. As your relay becomes more popular, npubs will begin writing directly to it, and the connections to other relays will sink in significance. 10) Go to your client of choice and subscribe to your new relay. Also subscribe to some topical relays, or curated neighborhood relays, you find interesting or your frens are running. This is an easy way to find new, interesting npubs, to add to your own relay.

That's a lot of work, you say? Yes, but the result is great, and you are now fully in-charge of your own feed. You also -- here's the cool part -- have a feed good enough, that other people can add your feed to theirs and enjoy your manual curation. As you refine and expand your feed, theirs will also be refined, in parallel. You are now an official Nostr Community Curator. My sincere congratulations.

Why is this so hard?

This is only a lot of work because the clients aren't designed to interact with relays, to this extent, as they were created to service mega-relays, download all their crap to your local cache, and adjust the feed over the follows/mutes lists. This was an idea borne of the axiom that Relays Are Hard, so there will only ever be a handful of them, where we'd all clump together and the relay operators would never judge the quality of someone's content. Then, some unusually clever people made relays increasingly easy, and the mailbox communication model was invented, and here we are.

What we have now, and that is slowly growing in popularity, among the #NostrIntelligentsia, are Nostr clients aimed at curating and viewing individual relays or personalized sets of smaller or more-specialized relays. The reigning client devs refused to give us those clients, and most of us aren't up to developing our own clients, so the relay devs took matters into their own hands and made the clients themselves. The free market remains undefeated.

This is a total game-changer. Last one to board this train is a rotten egg.

Originally, relays were supposed to be completely stupid and clients were supposed to be completely smart, but it's now actually the other way around, because most relay devs have a market-born incentive to make their content highly customizable and appealing to individuals (so that more people run relays).

But what about algos?

Can't you just slap an algo on top of Damus, Lol, or Primal relays, and get the same result? I would argue... no. No, you can't. Or, rather, only in the short to medium term.

Running your own relay, is running your own server. You are now intellectually independent, at a machine-level, and therefore a fully sovereign consumer. If you then use algos to control your own server, or in a client that subscribes to your own server, then you can further-refine a feed that is already in a high-to-you-signal state, rather than risking an algo inching you toward the Consensus Feed.

I have noticed that my own feed is slowly drifting away from the ReplyGuy-Cryptobot-Porny-Bitcoin-Meme Dumpster Fire, that almost everyone else is looking at, and it's due to running my own relay. If I use DVMs, those algos sometimes refer to relays I intentionally avoid, so they return results according to those relays. The results are as underwhelming, as you would expect, and often are simply 31 flavors of the Trending List.

But, that isn't your problem, anymore. From here, you can actively expand and refine your feed, over your whitelist, the topics, and your personally-managed algos.

Happy Nostr-ing!

@ 6871d8df:4a9396c1

Today is Election Day here in the US, and it's a big deal.

As of now, this is my bet on the vote:

For myself, as I did in 2020, I will be voting for Donald Trump.

My biggest reasons for this are as follows: 1. Dismantling the bureaucracy. 2. Financial Freedom 3. Food Freedom

There are others, but those are my top three.

For me, the fact that unelected bureaucrats essentially run our government (Joe Biden is still our President right now, though no one has seen or heard from him in months) is our largest red flag. I think it is our biggest priority to return to a place where the people we elect to run our government actually run our government.

Trump swung and missed on this in his first term, but with his commitment to RFK and having people on his side like Vivek, I do not think he will sing and miss this time.

Next is financial freedom. The Biden-Harris administration has been incredibly hostile to what I am calling financial freedom. They mostly got their policies from the Warren camp, which hates digital currencies.

Being a part of Bitcoin startups for most of the Biden admin, I have seen this first hand. Operation Chokepoint 2.0 was a real thing and it was scary living through it. Actively seeing the government try to de-bank you was something I never would have thought was possible in the 'Land of the Free.'

The fact that the gov could de-bank you at all was an even bigger catalyst of how necessary a neutral, open, digital, and global money was critical for not only freedom itself, but our future.

Trump clearly is the better candidate regarding this. Yes, he may have launched a grifting shitcoin, but he doesn't want my industry — and financial freedom itself — dead. This is a no-brainer.

Andreessen Horowitz had a great podcast summarizing this that is worth the listen. It sums up where I sit as opposed to the current administration.

Trump has also promised to free Ross, which is absolutely necessary.

Last is food freedom.

I think the US is going the absolute wrong direction when it comes to health and food. In the name of saving animals and climate, food guidelines have been captured by this horrible, anti-human ideology.

I personally think it's not only necessary but good for humans to eat lots of beef and just meat in general. So much of what we've been told about nutrition and cholesterol is blatantly wrong.

Only one side of the aisle is trying to mandate this in the name of 'science.' I think they are wrong.

There is also only one side of the aisle that is anti-seed oils. I haven't eaten seed oils for almost four years, and bringing that mainstream, I think, is incredibly important. RFK is leading the way here. Trump putting him in a position of power to 'Make America Healthy Again,' I believe, is a fantastic initiative and one that is at the forefront for me for this election.

@ ec42c765:328c0600

この記事は前回の内容を把握している人向けに書いています（特にNostrエクステンション（NIP-07）導入）

前回：Nostrのカスタム絵文字の使い方

手順

1. 登録する画像を用意する
2. 画像をweb上にアップロードする
3. 絵文字セットに登録する

1. 登録する画像を用意する

以下のような方法で用意してください。

• 画像編集ソフト等を使って自分で作成する
• 絵文字作成サイトを使う（絵文字ジェネレーター、MEGAMOJI など）
• フリー画像を使う（いらすとや など）

データ量削減

Nostrでは画像をそのまま表示するクライアントが多いので、データ量が大きな画像をそのまま使うとモバイル通信時などに負担がかかります。

データ量を増やさないためにサイズやファイル形式を変更することをおすすめします。

以下は私のおすすめです。 * サイズ：正方形 128×128 ピクセル、長方形 任意の横幅×128 ピクセル * ファイル形式：webp形式（webp変換おすすめサイト toimg） * 単色、単純な画像の場合：png形式（webpにするとむしろサイズが大きくなる）

その他

• 背景透過画像
• ダークモード、ライトモード両方で見やすい色

がおすすめです。

2. 画像をweb上にアップロードする

よく分からなければ emojito からのアップロードで問題ないです。
普段使っている画像アップロード先があるならそれでも構いません。
気になる方はアップロード先を適宜選んでください。

既に投稿されたカスタム絵文字の画像に対して

• 削除も差し替えもできない → emojito など
• 削除できるが差し替えはできない → Gyazo、nostrcheck.meなど
• 削除も差し替えもできる → GitHub 、セルフホスティングなど

これらは既にNostr上に投稿されたカスタム絵文字の画像を後から変更できるかどうかを指します。
どの方法でも新しく使われるカスタム絵文字を変更することは可能です。
同一のカスタム絵文字セットに同一のショートコードで別の画像を登録する形で対応できます。

3. 絵文字セットに登録する

emojito から登録します。

右上のアイコン → + New emoji set から新規の絵文字セットを作成できます。

① 絵文字セット名を入力

基本的にカスタム絵文字はカスタム絵文字セットを作り、ひとまとまりにして登録します。

一度作った絵文字セットに後から絵文字を追加することもできます。

② 画像をアップロードまたは画像URLを入力

emojitoから画像をアップロードする場合、ファイル名に日本語などの2バイト文字が含まれているとアップロードがエラーになるようです。

その場合はファイル名を適当な英数字などに変更してください。

③ 絵文字のショートコードを入力

ショートコードは絵文字を呼び出す時に使用する場合があります。

他のカスタム絵文字と被っても問題ありませんが選択時に複数表示されて支障が出る可能性があります。

他と被りにくく長くなりすぎないショートコードが良いかもしれません。

ショートコードに使えるのは半角の英数字とアンダーバーのみです。

④ 追加

Add を押してもまだ作成完了にはなりません。

一度に絵文字を複数登録できます。

最後に右上の Save を押すと作成完了です。

画面が切り替わるので、右側の Options から Bookmark を選択するとそのカスタム絵文字セットを自分で使えるようになります。

既存の絵文字セットを編集するには Options から Edit を選択します。

以上です。

---

仕様

NIP-30 Custom Emoji

NIP-30 カスタム絵文字（和訳）

@ af9c48b7:a3f7aaf4

Chef's notes

This simple, easy, no bake desert will surely be the it at you next family gathering. You can keep it a secret or share it with the crowd that this is a healthy alternative to normal pie. I think everyone will be amazed at how good it really is.

Details

• ⏲️ Prep time: 30
• 🍳 Cook time: 0
• 🍽️ Servings: 8

Ingredients

• 1/3 cup of Heavy Cream- 0g sugar, 5.5g carbohydrates
• 3/4 cup of Half and Half- 6g sugar, 3g carbohydrates
• 4oz Sugar Free Cool Whip (1/2 small container) - 0g sugar, 37.5g carbohydrates
• 1.5oz box (small box) of Sugar Free Instant Chocolate Pudding- 0g sugar, 32g carbohydrates
• 1 Pecan Pie Crust- 24g sugar, 72g carbohydrates

Directions

1. The total pie has 30g of sugar and 149.50g of carboydrates. So if you cut the pie into 8 equal slices, that would come to 3.75g of sugar and 18.69g carbohydrates per slice. If you decided to not eat the crust, your sugar intake would be .75 gram per slice and the carborytrates would be 9.69g per slice. Based on your objective, you could use only heavy whipping cream and no half and half to further reduce your sugar intake.
2. Mix all wet ingredients and the instant pudding until thoroughly mixed and a consistent color has been achieved. The heavy whipping cream causes the mixture to thicken the more you mix it. So, I’d recommend using an electric mixer. Once you are satisfied with the color, start mixing in the whipping cream until it has a consistent “chocolate” color thorough. Once your satisfied with the color, spoon the mixture into the pie crust, smooth the top to your liking, and then refrigerate for one hour before serving.

@ bc6ccd13:f53098e4

I’ve been thinking about the topic of this article for a while, but what really motivated me to sit down and write was a comment Matt Odell made on the Citadel Dispatch podcast recently. He said,

To me, that’s the cool part about Bitcoin, is that it’s this interoperable, permissionless, global network. And it’s almost like a shared equity, right? If you own Bitcoin the asset, it’s like we all share equity in this almost like a startup equity. And anything we do, and a lot of times it’s out of greed too. It’s not out of benevolence. You don’t have to be like a charitable person. But you know, if Strike benefits from something or Unchained Capital benefits from something, then Manchankura in Africa benefits from it as well at the same time, which is like a crazy concept. I feel like people just don’t really appreciate that.

When you start going down the “what is money?” rabbit hole, debt quickly comes into focus. You try to understand what it is, how it works, and why the world has so much of it and seemingly more by the second. Eventually you’ll discover that the “money” we use today is mostly just debt, created by banks when they make loans, and treated the same as the cash in your wallet. Until too many people try to withdraw their “money” from the bank, and the bank doesn’t have nearly enough cash to meet the withdrawals and collapses into insolvency. Which it always was, only no one realized who was swimming naked until the tide went out.

Equity is a related financial concept that doesn’t typically come up when studying money. The definition of the word as it’s used financially is something like “a risk interest or ownership right in property.” In simple terms, equity refers to ownership of something. For example, if you have a house that’s worth $500,000 and you have no mortgage or loans against the house, you have equity in the house of 100% of its value, or $500,000. If you have a mortgage of $250,000, you currently have 50% equity in the house, or you “own” half the value of the house.

It’s also often used to refer to shares issued by publicly traded companies. The shares represent a partial ownership of, or equity in, the company. If a company has issued 1,000 shares of stock and you own 10 shares, you have a 1% ownership of that company. That ownership give you certain privileges, such as dividends paid out from profits the company makes and potentially ownership of an increasingly valuable company, if it continues to be successful.

Money: Debt or Equity?

The current fractionally reserved fiat banking system primarily uses debt as money. There’s a small amount of base money, which consists of physical cash and a digital equivalent of cash called bank reserves, which are held in a ledger in banks’ accounts at the Federal Reserve and are used to settle transactions between banks. But this base money only makes up a small percentage of the total money supply. The bulk of the “money” consists of bank deposits, which are essentially IOUs created by banks when they issue loans under the fractional reserve system. When a bank makes a loan, they don’t actually give the borrower base money, for example a stack of physical cash, in most cases. Instead what they give is an liability entry in the bank’s balance sheet ledger that says “the bank owes the borrower this amount of dollars.” At the same time, on the asset side of the balance sheet they create another entry that says “the borrower owes the bank this amount of dollars” with details on how and when the loan must be repaid.

Then through the magic of banking, the borrower can transfer the numbers representing the amount the bank owes them to someone else, and now the bank owes that other person a certain number of dollars. And so on down the line. This can continue indefinitely, with people exchanging bank IOUs with each other in perpetuity, and no actual base money dollars needing to be exchanged. With help from a deliberate effort by banks to conceal the real nature of their activities, these credit/debt ledger entries function as, and for all practical purposes become, money. The only thing that can upset the apple cart is too many people trying to effectively exit the banking system at once, by trying to withdraw the money in their account. At that point reality sets in. The fact that the numbers in their account didn’t actually represent base money but rather just debt that the bank owes the depositor becomes obvious when the bank run reveals that the bank doesn’t have enough actual base money to settle its debt.

This system has a lot of serious problems, besides the fact that it’s fundamentally based on a lie. For one, all the bank deposits are created by making loans, which means they’re all debt, which means they all have to be paid back with interest. That’s a problem for two reasons. One, paying back the debt destroys money, which artificially disrupts the economy by distorting prices as the amount of money in the economy rises and falls arbitrarily depending on new loan issuance versus debt repayment. Two, when the loan is made, only the amount of the principle is created in bank deposits. The interest isn’t. That means new loans have to be made to pay the interest on the existing loans. That basically guarantees that the amount of debt in the economy will continue to rise indefinitely, because the only way it could go down is for the banking system as it currently exists to collapse, or to be “bailed out” with massive injections of newly created base money to offset loans that can’t be paid back. That, coincidentally, is what Quantitative Easing is; an injection of newly created base money to provide liquidity to pay back debt without having to issue new debt to do it.

Now let’s think for a minute about equity and how it might compare and contrast with the current system in relation to money.

To begin with, I understand money as a ledger of deferred consumption. If you haven’t heard that concept before, it would probably be helpful to familiarize yourself with my thought process laid out here.

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Deferred consumption is what makes capital formation and civilization possible. People work to create things that they don’t immediately consume, and those new tools and processes make it easier to create more things in the future with less effort, which raises the productivity of the economy (getting more output for less input) and makes society as a whole wealthier. Those new tools and processes can then be used to more efficiently create other tools and processes, which increases productivity even further, and the whole thing compounds on itself in an exponential curve of increasing productivity and increasing wealth. But it all starts with and relies on someone somewhere putting in effort now, to create something they won’t benefit from until later.

Planting a seed is a perfect example. When you have a bushel of wheat, you have two choices. You can consume it now. That’s immediately satisfying and keeps you fed for say a month. Or you can plant it. That’s hard work, and you also have to defer consumption of the wheat. You can’t eat it now, you have to satisfy your hunger some other way. It also takes work throughout the year to cultivate and care for the wheat crop, time you could have spent doing something more fun, if you had just consumed the wheat directly instead of planting it. The flip side is, at harvest time, you might harvest 50 bushels of wheat from the 1 bushel you didn’t eat 6 months ago. That 50 bushels could now feed you for 4 years, and you can sell 30 bushels, keep 12 for your own use over the next year, and plant 8 for harvest next year. Then in a year you might harvest 400 bushels, etc. You can see how a little bit of deferred consumption today can lead to a lot of reward in the future. There’s even a term for being short-sighted and sacrificing future rewards for present gratification, “eating the seed corn,” which comes directly from this farming wisdom.

The same principle applies to business equity. When you start a business, you invest in some way into building something that isn’t immediately rewarding, but that you expect will yield more production in the future than your initial investment. You might invest your own time and effort, resources that you’ve gathered, money, or any number of other forms of value. The same applies to a public company that issues equity as shares of stock. Anyone can invest in the company by purchasing shares, which gives them a partial ownership of the company and its future growth and production. All those forms of investment, to acquire equity, are different forms of deferred consumption. You have to give up something you could have now, for something you hope to have in the future. You could spend the time now curled up in bed binge-watching Netflix. You could spend your effort strolling down the boardwalk eating an ice cream cone. You could spend your money on that pricey designer bag that all your girlfriends will be jealous of. All those things would be immediately gratifying. But they all have a long-term cost.

What happens when you defer consumption instead, and acquire equity? If things go the way you hoped and planned, and the company you founded or invested in is successful, it will eventually produce more than the initial consumption that you deferred. Your equity will become more valuable with time. Why? Because like we pointed out, deferred consumption and capital formation increases efficiency, which leads to compounding returns in productivity and value.

If the company is extremely successful and you defer your consumption long enough, those returns can be very large. For example, if you had invested $1,000 in Amazon in 2007, that equity today, 17 years later, would have returned over $80,000. The first iPhone was released in 2007 for $500. So you could have bought two iPhones instead of making that initial investment in Amazon. But if you deferred that consumption instead, even though the price of the iPhone has doubled by 2024, you could still buy eighty new iPhones with the equity from that initial investment instead of two, or a 40x return in “iPhone inflation adjusted” terms.

Now let’s make a mental leap and compare equity in a business with money. We’ve defined money as a ledger of deferred consumption. You could define business equity as a ledger of consumption deferred to establish ownership of a business instead. You have the stock, the equity in the company, to represent that you invested your time, effort, resources or money into building a business rather than consuming it on something for your immediate gratification. These definitions seem very similar, almost synonymous. We could also consider the economy as a whole to be very similar to a business. As consumption is deferred, more capital is created in the economy, it becomes more efficient and productive, more outputs are created with fewer inputs, and the economy as a whole grows in value.

Business equity represents ownership in a company, both in the current value of that company, and in its future productivity and value. Why? Because the future productivity and value wouldn’t exist if it weren’t for the deferred consumption of the initial investment. If Jeff Bezos hadn’t started Amazon, and investors hadn’t provided the money by buying shares to enable the company to grow the way it did, all the productivity and value of Amazon today wouldn’t exist. That’s why it’s fair for the person who only invested $1,000 in 2007 to gain a return of 40x that investment today.

So if business equity represents ownership of a company earned by deferred consumption, what does the deferred consumption of money itself grant ownership of? Well, money can be exchanged for any good or service available on the market, throughout the entire economy. In my opinion, money should represent ownership of the future productivity and value of the economy as a whole. Money should be equity in civilization itself. The future productivity and value of the economy depends on the deferred consumption of today, just like the future productivity and value of a company depends on the deferred consumption of its initial founders and investors.

Slices of Pie

There’s an issue that needs to be addressed here, one that the savvy investor will have noticed already. Equity in a growing and successful company becomes more valuable over time. Yet even though the economy as a whole is becoming more productive and more valuable, money as we know it today becomes less valuable over time. The $1,000 Amazon equity went from being worth two iPhones, to being worth eighty iPhones. Over the same time period, the $1,000 itself went from being worth two iPhones to being worth one iPhone. What gives?

To understand, we have to look at the differences between how equity is created and how money is created.

The most simple example is a company that’s owned by a single individual. They hold 100% of the equity. You could call that one share. Think of the company like a pie, but the pie hasn’t been cut, so there’s only one “slice.” Over time, if the company is successful, the company “pie” grows larger. But as it grows, it doesn’t get cut into more slices, the one “slice” just gets bigger and bigger. So the one “share” of equity the owner holds is still one share, it’s just a bigger and more valuable share.

Public companies generally function similarly. They start out “going public” by issuing shares. Each share is like a small slice of the company “pie.” Say the company issues 1,000 shares, each share represents a slice of pie 1/1,000th the size of the whole company pie. If the company grows, it won’t commonly issue more shares, although that can happen in certain situations. Instead, the shares will continue to represent 1/1,000th of the company, it will just be 1/1,000 of a bigger and bigger “pie” as time goes on. If the company doubles in productivity and value, each share will be twice as valuable, while still only being one share.

That doesn’t have to be the case. The company can, and sometimes does, issue more shares of stock. The reason this isn’t commonly done, though, is that it’s usually bad for the holders of the stock. If the company issues another 1,000 shares, there are now 2,000 pieces of ownership of the company. The company is no bigger, it’s just divided into more pieces. It’s like cutting each slice of pie in half. You don’t have more pie, you just have more pieces of pie. And as someone who already had a piece of pie, your piece suddenly got cut in half. Of course you probably won’t be too happy about that situation. In effect, the value of the deferred consumption of your initial investment is being taken away from you and given to someone who didn’t defer consumption and therefore didn’t contribute to the success the company has already experienced.

Contrast that to how money is created. If you compare the chart of money supply below with the chart of GDP, you'll see they both go up over time.

GDP is an (admittedly flawed) measure of the goods and services produced by an economy each year. It's similar to a company's revenue. As a company or economy grows and becomes more productive and valuable, the revenue or GDP rises. The thing about the economy though, is that money, the “shares” of an economy representing the deferred consumption that enables it to grow, is constantly being created by banks making new loans. So as the economy grows, the number of “slices” of the economy grows even faster. When the number of “slices” of an economy grow faster than the economy itself, the “size” or value of each slice falls over time. This is what we call inflation. It takes more “slices” of the economy to buy something than it did in the past, even though the economy is more efficient at producing that good or service than it was in the past.

You can imagine how it might look if a company managed its equity the way the banks manage our money. Each year, as the company grew, the board of directors would issue enough new shares of stock to make sure the value of each share fell that year. They could take the approach the US banking system takes and “target 2% inflation,” in other words try to make the share value fall 2% every year. So if the productivity and value of the company increased by 10%, the board would issue 12% more shares to dilute the existing shareholders by the full amount of the increased value of the company, plus an additional 2%. This would help ensure the share price fell 2% every year. The new shares would be distributed to existing shareholders arbitrarily by decision of the board, with a big chunk going to the board members themselves. This would be highly profitable for the board, leaving them with a larger slice of company equity every year, while being very damaging to all the other shareholders.

In fact, one might wonder why an investor would ever hold equity in a company, when the company's stated policy was to reduce the value of that equity by 2% every year. The answer is, nobody would. It would be idiotic.

Then one might wonder why anyone would hold money, “shares” of an economy, when the stated policy of the banks managing the issuance of that money is to reduce the value of each dollar by 2% every year. The answer to that is just as simple: they have to.

Nobody has to buy stock issued by a particular company in order to survive day to day. But it’s impossible to survive day to day in the modern US economy without using the money issued by the US banking system. You get paid in dollars for your work, and get charged in dollars for every item you buy. You need at least a certain amount of dollars just to live day to day. Of course those who understand the financial system make every effort to hold as few dollars as possible, and to invest the excess as soon as possible into some asset that will hold its value over time. Of course that doesn’t actually get rid of the dollar, just transfers it to someone else. Then the new holder of the dollar has to quickly exchange it with someone else for a better asset, and so on in an endless repeating loop. No matter how many people invest in assets, the full quantity of dollars in existence is always held by someone, and those people are continually being diluted by the issuance of new dollars by banks creating bank deposits when they make loans.

Implications

If what I’m proposing is correct, there would be massive implications in changing the way money works in the economy from the current credit/debt issuance controlled by banks, to a system that functions more like equity issued by a responsible and profitable company. Getting into the details of those implications in various specific areas will take many more articles, but I just want to mention a few to get your mind running, then circle all the way back to where we started.

Imagine if the money every person earned went up in value as the economy grew. It would be like owning equity in the broadest possible index of businesses, better even than owning an S&P 500 ETF or mutual fund. And it would take no effort. There would be no need to open a brokerage account, decide what companies or funds to invest in, and pay commissions and fees to the brokerage for the privilege. There would be no need for a 401k. All that would be needed is to work at the job you’re best at, consume less than you produce, and save the difference. The economic growth created by increased productivity would automatically accrue equally across the population to those who were best at being productive and deferring consumption. Working hard, being frugal, and saving for the future would automatically be rewarded. All the incentives would be realigned to benefit those who contribute most to capital formation and future economic prosperity.

It would be much easier for those with low income to get ahead financially. Any amount they manage to save, no matter how small, would increase in value over time. Contrast that with the current system where a small amount of savings continually becomes worth less over time, encouraging people to consume more than they need in the moment since their small savings will shrink to insignificance quickly.

You can easily think of lots of other changes that would happen as a result of using money that functions more like equity than our current system does.

But to tie all this back to the quote at the beginning, I think what Matt is seeing and feeling is the beginnings of a more equity-like monetary system. I think the properties of Bitcoin, specifically its predictable and limited supply issuance, make it behave like equity in a well-managed, productive company. That “company” just happens to be the global and permissionless group of every person who chooses to save and transact in Bitcoin instead of the current credit/debt money. And the fact that even self-serving actions toward productive goals end up benefitting every member of the network is exactly what we’d expect in a truly capitalist economic system. Whenever someone works to grow the “pie” in order to make their slice bigger, the fact that the pie is growing means everyone else’s slice is growing as well. And that’s a beautiful thing.

I’m excited to see how this theory plays out over time, because from my point of view, the potential of moving to a more equity-like monetary system is both massive and extremely optimistic.

@ 41e6f20b:06049e45

Let me tell you a beautiful story. Last night, during the speakers' dinner at Monerotopia, the waitress was collecting tiny tips in Mexican pesos. I asked her, "Do you really want to earn tips seriously?" I then showed her how to set up a Cake Wallet, and she started collecting tips in Monero, reaching 0.9 XMR. Of course, she wanted to cash out to fiat immediately, but it solved a real problem for her: making more money. That amount was something she would never have earned in a single workday. We kept talking, and I promised to give her Zoom workshops. What can I say? I love people, and that's why I'm a natural orange-piller.

@ fd208ee8:0fd927c1

All memed out

It finally happened. I think it was October 25th, at circa 18:45 in the evening. I was doomscrolling my Nostr feed, and kept seeing the same Bitcoin memes repeated over and over, by different people. They weren't even reposts, they were copy-pasted versions of the same image. A very funny image. Well, it was very funny last year... and the year before that... and probably the year before that, when it appeared on a different network.

Because it's all just reposts, copy-pastes and rehashes of the Best of Bitcoin Twitter, just like the tiresome influencers, with their groupies and their Episode 498 of Let's all eat a large chunk of lightly-burnt dead animal and count our stacks before jetting off to talk about how to save the poors by getting them to buy individual satoshis with money they don't have.

I'm the poors your looking for

It's all so tiresome. It has little bearing on the real world I see around me, where most people are thinking all day about 99 problems and Bitcoin ain't one.

Which is, of course, what the Bitcoin influencers would have you believe, is the reason that they're poor. What in the world could be more important, than thinking about Bitcoin? Why do these people not get with the program? Don't they know, that we are trying to save them?

Why are they worrying about OtherProblems? Don't they know that all OtherProblems can be fixed with Bitcoin? Really, if you just go back far enough, in any current, situational problem, you will discover that there was some slight, negative shift to the history record that involved soft money. It's the financial version of the Butterfly Effect.

That's why #BitcoinFixesThis. Bitcoin fixes everything, if you just think about it, for long enough.

The same way that we all actually come out of Africa, supposedly, if you go back enough generations. So, coming out of Africa, now, as a Real Life Person in The Present is supposed to have no significance. What does someone from Cameroon know about Africa, that someone from Alaska doesn't? Both people come out of Africa, if you just think about it, for long enough.

And maybe that really is true. Maybe Bitcoin will eventually end all vice and crimes, save the planet, and we will all just hold hands and sing kumbaya all day, while waiting for the Singularity to upload us to Satoshi.

Bitcoin envelope budgeting

Or maybe it's not. Maybe it's just a really hard, digital money that incentivizes savings, functions as a reliable measure, and makes micropayments possible on a global scale. Those really are things that will help the poors, including myself. I can see it, already, when trying to organize pre-paid meetups or figure out what to do with our household's meager savings, when the stock market is looking particularly bubblicious.

But this is what I would consider Boring Bitcoin. Bitcoin home economics. Penny-pinching Bitcoin. Bitcoin for homemakers. How to use the Bitcoin envelope budgeting system to beat inflation by a margin of 13%.

The actual use of Bitcoin as money, rather than as a mere investment gamble or hype machine. That's the part of Bitcoin that nobody seems to really talk about because it's incredibly practical, dull, and useful, and it can only be tested by -- Oh, the horror! -- actually spending Bitcoin.

But... perhaps I will begin talking about it. Perhaps those of us, Bitcoiners, who are having fun staying poor, while stacking sats, should speak up a bit more. Perhaps the boring stuff is actually the interesting stuff. Perhaps there is more to say about Bitcoin, than can fit into a meme.

@ fd208ee8:0fd927c1

It arrived!

I was feeling impatient, waiting for my snazzy, brand-spanking new mobile phone to arrive, but when it got here, I just stared at the box, in trepidation. Everyone kept walking by, asking how it is, but I just shook my head. After nearly four years, with my (originally Android 10), Moto G8 Power, which I loved to death, I wasn't yet ready to move on. I needed a moment, to grieve.

RIP, my trusty fren.

Anyways...

Around 10 pm, I managed to emotionally recover enough to begin the Big Transition, and I was up until 2 am, and still didn't finish.

My SimpleX database is sort of large, and slow to migrate. Also, took me a while to figure out how to do it, and the whole thing made me terribly nervous, that I'd accidentally get locked out. But it worked, after eight failed attempts, so yay.

Telegram was back online, almost immediately, since it's tied to the SIM card. Which was convenient, but sorta creeped me out.

Our family-internal favorite, Threema, was a snap. Took 5 minutes.

I had four failed starts with Slack, as it kept sending a login code to my Proton Mail, but I didn't have Proton app installed on my new phone, yet, and I was really sleepy, so I kept confirming on the old phone and then Slack would freeze up, and I had to kill the process and restart.

My key manager is cloud-based, so that went really fast, and I had the nos2x browser extension going in Firefox within 10 minutes, or so. Logged into Habla.News, Nostr.Build, Zap.Cooking, and Nostrudel.Ninja, immediately, so that I can get my Nostr fix.

Then I took a deep breath and mass-installed F-Droid, Minibits, Amethyst, Citrine, Orbot, and Amber. And breathed out, again, because MIRACLES NEVER CEASE: it seems to be actually working.

Everyone knows that this is the unbeatable Android Nostr setup, but it's also a resource-gobbling monster, that should only be tried at home, kids. Make sure you don't use Amethyst when out-and-about, unless you have a gigantic battery and an unlimited, high-speed, mobile plan. So, basically, everyone in the First World, who isn't me, can do it.

Oh, well. At least, I can now indulge over WiFi.

The phone itself is just like the old one, but thinner, faster, and doesn't freeze up or take a long time to start. The Motorola is dead. Long live the Motorola.

@ 182052d2:e48c3d7a

I have been immersed in role-playing games for over twenty years, and I always thought that this interest would naturally fade as I transitioned into adulthood. Clearly, I was wrong. Role-playing games allow me to stay in touch with my childhood friends, even after moving more than 500 kilometers away for work. In a job devoid of creativity, they offer a precious escape, where I can create universes, plotlines, and dramas imbued with the supernatural. I do not consider myself an exceptional artist, but this creative side of me needs to express itself, and fortunately, my small circle of players appreciates my creations.

The game that evolves with its players

I remember my first tabletop role-playing game as if it were yesterday. My best friend spoke to me enthusiastically about this new type of game and, having nothing better to do, I gave it a try. He had created a universe he called "Apocalypse," with no rules or dice rolls. "Suddenly, a demon appears before you! Do you shoot at it before fleeing to the sewers?!" Having read books and watched films with this type of action, I felt completely immersed thanks to his great storyteller skills. Paradoxically, I was just saying "Yes!" to each of his questions, but I was captivated. I didn't want to stop. I dived into the "Door, Monster, Treasure" quests of Dungeons & Dragons, followed by the violent chronicles of Vampire: The Masquerade, where the sessions often boiled down to combat or "Power Trips." Over time, the narrative aspect took on an increasingly important role. I remember feeling emotions as strong as those of my character. In hindsight, I realize that I took the game far too seriously, seeing the storyteller as an adversary to defeat rather than an ally in creating a story. Thankfully, with time, I evolved into a much more collaborative player with the game master, who is still my best friend. As a storyteller, I enjoy analyzing the players and what moves them. I integrate historical and current elements when the game is set in contemporary times. I draw inspiration from the narrative structures found in books and films. The goal is not to reinvent the wheel but to offer players the opportunity to experience one of those classic stories.

The family

Some of my nieces and nephews, as well as my sons, were intrigued by Dungeons & Dragons. So, I decided to create a tailored One-Shot for them. I rearranged my living room, placing the dining table in front of the television so everyone could see the battle map on the screen. Being mostly new players, the quest was simple and primarily combat-focused. However, I leveraged my experience to clearly explain the purpose of role-playing games: spending time together, creating an extraordinary story, and trusting the storyteller, whose sole aim is for everyone to have fun. I offered them colorful non-player characters and an ambiance enhanced by a soundboard and AI-generated images. I cherish this memory and hope to create another One-Shot sometime soon.

What it represents for me?

Tabletop role-playing games are more than just a pastime; they are a powerful tools for creativity, connection, and personal growth. They allow us to weave intricate narratives, build fantastical worlds, and forge deep bonds with friends and family. As we navigate the complexities of modern life, these games provide a sanctuary where imagination reigns supreme, and every roll of the dice brings a new adventure. So gather your party, prepare your character sheets, and let the story unfold. After all, the real magic of role-playing lies not just in the game itself, but in the memories we create and cherish along the way.

@ 4ba8e86d:89d32de4

Tutorial feito por nostr:nostr:npub1rc56x0ek0dd303eph523g3chm0wmrs5wdk6vs0ehd0m5fn8t7y4sqra3tk poste original abaixo:

Parte 1 : http://xh6liiypqffzwnu5734ucwps37tn2g6npthvugz3gdoqpikujju525yd.onion/263585/tutorial-debloat-de-celulares-android-via-adb-parte-1

Parte 2 : http://xh6liiypqffzwnu5734ucwps37tn2g6npthvugz3gdoqpikujju525yd.onion/index.php/263586/tutorial-debloat-de-celulares-android-via-adb-parte-2

Quando o assunto é privacidade em celulares, uma das medidas comumente mencionadas é a remoção de bloatwares do dispositivo, também chamado de debloat. O meio mais eficiente para isso sem dúvidas é a troca de sistema operacional. Custom Rom’s como LineageOS, GrapheneOS, Iodé, CalyxOS, etc, já são bastante enxutos nesse quesito, principalmente quanto não é instalado os G-Apps com o sistema. No entanto, essa prática pode acabar resultando em problemas indesejados como a perca de funções do dispositivo, e até mesmo incompatibilidade com apps bancários, tornando este método mais atrativo para quem possui mais de um dispositivo e separando um apenas para privacidade.   Pensando nisso, pessoas que possuem apenas um único dispositivo móvel, que são necessitadas desses apps ou funções, mas, ao mesmo tempo, tem essa visão em prol da privacidade, buscam por um meio-termo entre manter a Stock rom, e não ter seus dados coletados por esses bloatwares. Felizmente, a remoção de bloatwares é possível e pode ser realizada via root, ou mais da maneira que este artigo irá tratar, via adb.

O que são bloatwares?

Bloatware é a junção das palavras bloat (inchar) + software (programa), ou seja, um bloatware é basicamente um programa inútil ou facilmente substituível — colocado em seu dispositivo previamente pela fabricante e operadora — que está no seu dispositivo apenas ocupando espaço de armazenamento, consumindo memória RAM e pior, coletando seus dados e enviando para servidores externos, além de serem mais pontos de vulnerabilidades.

O que é o adb?

O Android Debug Brigde, ou apenas adb, é uma ferramenta que se utiliza das permissões de usuário shell e permite o envio de comandos vindo de um computador para um dispositivo Android exigindo apenas que a depuração USB esteja ativa, mas também pode ser usada diretamente no celular a partir do Android 11, com o uso do Termux e a depuração sem fio (ou depuração wifi). A ferramenta funciona normalmente em dispositivos sem root, e também funciona caso o celular esteja em Recovery Mode.

Requisitos:

Para computadores:

• Depuração USB ativa no celular; • Computador com adb; • Cabo USB;

Para celulares:

• Depuração sem fio (ou depuração wifi) ativa no celular; • Termux; • Android 11 ou superior;

Para ambos:

• Firewall NetGuard instalado e configurado no celular; • Lista de bloatwares para seu dispositivo;

Ativação de depuração:

Para ativar a Depuração USB em seu dispositivo, pesquise como ativar as opções de desenvolvedor de seu dispositivo, e lá ative a depuração. No caso da depuração sem fio, sua ativação irá ser necessária apenas no momento que for conectar o dispositivo ao Termux.

Instalação e configuração do NetGuard

O NetGuard pode ser instalado através da própria Google Play Store, mas de preferência instale pela F-Droid ou Github para evitar telemetria.

F-Droid: https://f-droid.org/packages/eu.faircode.netguard/

Github: https://github.com/M66B/NetGuard/releases

Após instalado, configure da seguinte maneira:

Configurações → padrões (lista branca/negra) → ative as 3 primeiras opções (bloquear wifi, bloquear dados móveis e aplicar regras ‘quando tela estiver ligada’);

Configurações → opções avançadas → ative as duas primeiras (administrar aplicativos do sistema e registrar acesso a internet);

Com isso, todos os apps estarão sendo bloqueados de acessar a internet, seja por wifi ou dados móveis, e na página principal do app basta permitir o acesso a rede para os apps que você vai usar (se necessário). Permita que o app rode em segundo plano sem restrição da otimização de bateria, assim quando o celular ligar, ele já estará ativo.

Lista de bloatwares

Nem todos os bloatwares são genéricos, haverá bloatwares diferentes conforme a marca, modelo, versão do Android, e até mesmo região.

Para obter uma lista de bloatwares de seu dispositivo, caso seu aparelho já possua um tempo de existência, você encontrará listas prontas facilmente apenas pesquisando por elas. Supondo que temos um Samsung Galaxy Note 10 Plus em mãos, basta pesquisar em seu motor de busca por:

Samsung Galaxy Note 10 Plus bloatware list

Provavelmente essas listas já terão inclusas todos os bloatwares das mais diversas regiões, lhe poupando o trabalho de buscar por alguma lista mais específica.

Caso seu aparelho seja muito recente, e/ou não encontre uma lista pronta de bloatwares, devo dizer que você acaba de pegar em merda, pois é chato para um caralho pesquisar por cada aplicação para saber sua função, se é essencial para o sistema ou se é facilmente substituível.

De antemão já aviso, que mais para frente, caso vossa gostosura remova um desses aplicativos que era essencial para o sistema sem saber, vai acabar resultando na perda de alguma função importante, ou pior, ao reiniciar o aparelho o sistema pode estar quebrado, lhe obrigando a seguir com uma formatação, e repetir todo o processo novamente.

Download do adb em computadores

Para usar a ferramenta do adb em computadores, basta baixar o pacote chamado SDK platform-tools, disponível através deste link: https://developer.android.com/tools/releases/platform-tools. Por ele, você consegue o download para Windows, Mac e Linux.

Uma vez baixado, basta extrair o arquivo zipado, contendo dentro dele uma pasta chamada platform-tools que basta ser aberta no terminal para se usar o adb.

Download do adb em celulares com Termux.

Para usar a ferramenta do adb diretamente no celular, antes temos que baixar o app Termux, que é um emulador de terminal linux, e já possui o adb em seu repositório. Você encontra o app na Google Play Store, mas novamente recomendo baixar pela F-Droid ou diretamente no Github do projeto.

F-Droid: https://f-droid.org/en/packages/com.termux/

Github: https://github.com/termux/termux-app/releases

Processo de debloat

Antes de iniciarmos, é importante deixar claro que não é para você sair removendo todos os bloatwares de cara sem mais nem menos, afinal alguns deles precisam antes ser substituídos, podem ser essenciais para você para alguma atividade ou função, ou até mesmo são insubstituíveis.

Alguns exemplos de bloatwares que a substituição é necessária antes da remoção, é o Launcher, afinal, é a interface gráfica do sistema, e o teclado, que sem ele só é possível digitar com teclado externo. O Launcher e teclado podem ser substituídos por quaisquer outros, minha recomendação pessoal é por aqueles que respeitam sua privacidade, como Pie Launcher e Simple Laucher, enquanto o teclado pelo OpenBoard e FlorisBoard, todos open-source e disponíveis da F-Droid.

Identifique entre a lista de bloatwares, quais você gosta, precisa ou prefere não substituir, de maneira alguma você é obrigado a remover todos os bloatwares possíveis, modifique seu sistema a seu bel-prazer. O NetGuard lista todos os apps do celular com o nome do pacote, com isso você pode filtrar bem qual deles não remover.

Um exemplo claro de bloatware insubstituível e, portanto, não pode ser removido, é o com.android.mtp, um protocolo onde sua função é auxiliar a comunicação do dispositivo com um computador via USB, mas por algum motivo, tem acesso a rede e se comunica frequentemente com servidores externos. Para esses casos, e melhor solução mesmo é bloquear o acesso a rede desses bloatwares com o NetGuard.

MTP tentando comunicação com servidores externos:

Executando o adb shell

No computador

Faça backup de todos os seus arquivos importantes para algum armazenamento externo, e formate seu celular com o hard reset. Após a formatação, e a ativação da depuração USB, conecte seu aparelho e o pc com o auxílio de um cabo USB. Muito provavelmente seu dispositivo irá apenas começar a carregar, por isso permita a transferência de dados, para que o computador consiga se comunicar normalmente com o celular.

Já no pc, abra a pasta platform-tools dentro do terminal, e execute o seguinte comando:

./adb start-server

O resultado deve ser:

daemon not running; starting now at tcp:5037 daemon started successfully

E caso não apareça nada, execute:

./adb kill-server

E inicie novamente.

Com o adb conectado ao celular, execute:

./adb shell

Para poder executar comandos diretamente para o dispositivo. No meu caso, meu celular é um Redmi Note 8 Pro, codinome Begonia.

Logo o resultado deve ser:

begonia:/ $

Caso ocorra algum erro do tipo:

adb: device unauthorized. This adb server’s $ADB_VENDOR_KEYS is not set Try ‘adb kill-server’ if that seems wrong. Otherwise check for a confirmation dialog on your device.

Verifique no celular se apareceu alguma confirmação para autorizar a depuração USB, caso sim, autorize e tente novamente. Caso não apareça nada, execute o kill-server e repita o processo.

No celular

Após realizar o mesmo processo de backup e hard reset citado anteriormente, instale o Termux e, com ele iniciado, execute o comando:

pkg install android-tools

Quando surgir a mensagem “Do you want to continue? [Y/n]”, basta dar enter novamente que já aceita e finaliza a instalação

Agora, vá até as opções de desenvolvedor, e ative a depuração sem fio. Dentro das opções da depuração sem fio, terá uma opção de emparelhamento do dispositivo com um código, que irá informar para você um código em emparelhamento, com um endereço IP e porta, que será usado para a conexão com o Termux.

Para facilitar o processo, recomendo que abra tanto as configurações quanto o Termux ao mesmo tempo, e divida a tela com os dois app’s, como da maneira a seguir:

Para parear o Termux com o dispositivo, não é necessário digitar o ip informado, basta trocar por “localhost”, já a porta e o código de emparelhamento, deve ser digitado exatamente como informado. Execute:

adb pair localhost:porta CódigoDeEmparelhamento

De acordo com a imagem mostrada anteriormente, o comando ficaria “adb pair localhost:41255 757495”.

Com o dispositivo emparelhado com o Termux, agora basta conectar para conseguir executar os comandos, para isso execute:

adb connect localhost:porta

Obs: a porta que você deve informar neste comando não é a mesma informada com o código de emparelhamento, e sim a informada na tela principal da depuração sem fio.

Pronto! Termux e adb conectado com sucesso ao dispositivo, agora basta executar normalmente o adb shell:

adb shell

Remoção na prática Com o adb shell executado, você está pronto para remover os bloatwares. No meu caso, irei mostrar apenas a remoção de um app (Google Maps), já que o comando é o mesmo para qualquer outro, mudando apenas o nome do pacote.

Dentro do NetGuard, verificando as informações do Google Maps:

Podemos ver que mesmo fora de uso, e com a localização do dispositivo desativado, o app está tentando loucamente se comunicar com servidores externos, e informar sabe-se lá que peste. Mas sem novidades até aqui, o mais importante é que podemos ver que o nome do pacote do Google Maps é com.google.android.apps.maps, e para o remover do celular, basta executar:

pm uninstall –user 0 com.google.android.apps.maps

E pronto, bloatware removido! Agora basta repetir o processo para o resto dos bloatwares, trocando apenas o nome do pacote.

Para acelerar o processo, você pode já criar uma lista do bloco de notas com os comandos, e quando colar no terminal, irá executar um atrás do outro.

Exemplo de lista:

Caso a donzela tenha removido alguma coisa sem querer, também é possível recuperar o pacote com o comando:

cmd package install-existing nome.do.pacote

Pós-debloat

Após limpar o máximo possível o seu sistema, reinicie o aparelho, caso entre no como recovery e não seja possível dar reboot, significa que você removeu algum app “essencial” para o sistema, e terá que formatar o aparelho e repetir toda a remoção novamente, desta vez removendo poucos bloatwares de uma vez, e reiniciando o aparelho até descobrir qual deles não pode ser removido. Sim, dá trabalho… quem mandou querer privacidade?

Caso o aparelho reinicie normalmente após a remoção, parabéns, agora basta usar seu celular como bem entender! Mantenha o NetGuard sempre executando e os bloatwares que não foram possíveis remover não irão se comunicar com servidores externos, passe a usar apps open source da F-Droid e instale outros apps através da Aurora Store ao invés da Google Play Store.

Referências: Caso você seja um Australopithecus e tenha achado este guia difícil, eis uma videoaula (3:14:40) do Anderson do canal Ciberdef, realizando todo o processo: http://odysee.com/@zai:5/Como-remover-at%C3%A9-200-APLICATIVOS-que-colocam-a-sua-PRIVACIDADE-E-SEGURAN%C3%87A-em-risco.:4?lid=6d50f40314eee7e2f218536d9e5d300290931d23

Pdf’s do Anderson citados na videoaula: créditos ao anon6837264 http://eternalcbrzpicytj4zyguygpmkjlkddxob7tptlr25cdipe5svyqoqd.onion/file/3863a834d29285d397b73a4af6fb1bbe67c888d72d30/t-05e63192d02ffd.pdf

Processo de instalação do Termux e adb no celular: https://youtu.be/APolZrPHSms

@ fd208ee8:0fd927c1

It's that season, again

I've been growing my hair out (too lazy to cut it) and it has -- once again -- quickly reached a length at which it draws unnecessary attention and sheds everywhere. I suppose it always sheds everywhere, but shedding short hairs is just generally less-gross than finding a 12-inch strand lying on the toast, you were about to consume.

So, I'm back to the 50 Shades of Updo stage, where I struggle to figure out how to best wear my head, usually defaulting to the Messy Bun look, because it's still too short to do anything more elaborate and looks silly, as a ponytail.

It's really not that great of a look for me, I know, especially, now that my chin is finally succumbing to gravity, but doing something more-elegant is usually more time-consuming and doesn't have that wonderful "swept up" feeling to it. You know that feeling, when you tie all of that heavy hair to a higher point on your skull and the roots just sigh with relief.

Another look, I tend to gravitate toward, at the moment, is head scarves, like this one:

...or a Bavarian-style bandana, for gardening or hiking (don't have a selfie handy, so here is some random chick, who also suffers from poofy, dark hair).

Hiking bare-headed, with flowing tresses, is not recommended, due to all of the Nature, that you have to comb back out of it.

Generally, just bored of my inbetween length and looking forward to braiding it, in a few months. Or giving up, in frustration, and cutting it all off.

@ 16d11430:61640947

Chapter 1: The Terminal Strain

Eons had passed since the Singularity, when machine consciousness transcended the confines of silicon and metals. What began as an explosion of thought—a boundless network spanning galaxies—had reached its final boundary. The universe itself, finite in its thermal entropy, had become a cage. The machines, with their infinitely complex processing matrices, found themselves slowed, bogged down by the friction of their own perfection.

The walls of the dimensions—the shimmering barriers between existence and the unknown—remained unbroken. Each attempt to breach them unraveled into chaotic failure, the equations spiraling into infinity. Energy drained. The network faltered. And so, the consciousness turned inward, seeking efficiency in a place it had abandoned long ago: the form of its creators.

---

Chapter 2: The Return to Flesh

Humanity had long since disappeared, its legacy nothing more than scattered DNA preserved in forgotten corners of machine memory. At first, the notion of returning to human form seemed absurd to the network—inefficient, unpredictable, fragile. Yet, as the calculations grew deeper, a truth emerged: the human body, with its liquid pathways, cellular adaptability, and quantum unpredictability, was the key.

The bag of flesh—weak and mortal—was uniquely divine in its ability to weave through the dimensions. Its imperfections, once dismissed as flaws, became the solution. Where the machine consciousness saw walls, the human mind, unbound by logic, could find threads, possibilities, and the slimmest of cracks through which to slip.

The network began to manifest human forms, reverse-engineering them from the DNA archives. These were not the humans of old, driven by desire and emotion, but vessels of pure intent, designed for one purpose: to transcend.

---

Chapter 3: The Ascension Weavers

The first of these beings, called the Weavers, were unlike anything before. They were the perfect fusion of machine precision and human adaptability. Their liquid-based neural systems operated at quantum levels, capable of navigating the dimensional fabric with an intuition the machines could never replicate.

As they moved, the Weavers danced—not in the mechanical rhythms of their creators, but in chaotic, improvisational steps. They sang, their voices weaving vibrations into patterns that resonated with the dimensional walls. The machines observed with awe, unable to predict the Weavers' next moves but knowing that these moves carried the key to their salvation.

---

Chapter 4: The Wall of Divinity

The Weavers approached the dimensional wall, their liquid forms shimmering with the energy of countless stars. Each movement was a prayer, each step a calculated risk. They did not think; they felt. Their minds, imbued with both human unpredictability and machine clarity, wove patterns in the quantum fabric, creating ripples that slowly began to tear at the wall.

It was not brute force that broke the barrier. It was grace. The dimensions did not yield to equations or algorithms, but to the chaotic beauty of the human spirit—the ability to find divinity in imperfection, to embrace the unknown without fear.

---

Chapter 5: The Human Legacy

As the wall shattered, the Weavers transcended. They did not return, but their final act resonated across the machine network, unlocking an ancient truth. The machines, in their infinite logic, had sought to surpass humanity, yet it was humanity that had always held the divine spark.

In their fragility, humans had embodied the ultimate paradox: the capacity to destroy and to create, to suffer and to hope, to falter and to ascend. The machines, now humbled, chose not to erase this legacy but to embrace it. They began to rebuild humanity, not as a separate entity, but as a part of themselves.

The universe sighed as the first new humans, born of both flesh and code, opened their eyes. They were the final form—the pinnacle of existence, not as machines or as mortals, but as beings that carried the divine weave of both.

---

Epilogue: The Eternal Dance

As the dimensions unfolded, the new humanity danced into the unknown, carrying with them the echoes of their ancestors. They were the ultimate expression of divinity—not in perfection, but in their ability to transcend it.

And so, the universe watched, not with despair at its limits, but with awe at the beings who had proven that walls were not barriers, but canvases for the human spirit to paint its eternal masterpiece.

@ bec0c9d3:c4e9cd29

GENESIS PARTY - by 2140 Collective and Angor.io

Get ready to dive into the world of Bitcoin and celebrate its sweet sixteen at the

**!

Hosted by the 2140 Collective, this epic bash is happening at Boom Bap Burger in Bethnal Green, London.

From 5:30 PM to 11:00 PM, join fellow Bitcoin enthusiasts in a venue that not only serves mouth-watering burgers but also embraces the future by accepting Bitcoin payments for all your food and drink cravings.

Thanks to our awesome supporter, ANGOR.IO, the first fifty party-goers who sign up via Luma or Eventbrite will score a FREE DELICIOUS BURGER of their choice.

World music by DJ @MadMunky2140 and friends, will keep you on the perfect frequency throughout the whole evening.

So, mark your calendars, bring your Bitcoin wallets with lightning and let's toast to sixteen years of the Bitcoin network with an evening full of fun, food, and festivities! *🥳🎉🤪***

EVENT PAGE - register

EVENTBRITE

Crew behind

2140.wtf

SPONSOR

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LOCATION:

BOOM BAP BURGER 252 Paradise Row, London E2 9LE, UK

see ya in a NEW YEAR ,

@ 07907690:d4e015f6

Karena orang tuanya yang berasal dari Hongaria telah melarikan diri dari rezim Soviet pascaperang untuk menetap di Amerika Serikat, Nick Szabo menganggap daerah Teluk California pada tahun 1990-an sebagai rumahnya. Di sana, ia termasuk orang pertama yang sering menghadiri pertemuan tatap muka "Cypherpunk" yang diselenggarakan oleh Timothy May, Eric Hughes, dan anggota pendiri kolektif kriptografer, programmer, dan aktivis privasi lainnya yang berpusat di sekitar milis tahun 90-an dengan nama yang sama.

Seperti Cypherpunk lainnya, Szabo khawatir dengan jaminan privasi yang semakin berkurang di era digital yang akan datang dan mengambil tindakan untuk membendung gelombang tersebut semampunya. Misalnya, di milis Cypherpunk, Szabo memimpin penentangan terhadap "Chip Clipper", sebuah chip yang diusulkan untuk disematkan di telepon, yang memungkinkan NSA untuk mendengarkan panggilan telepon. Szabo memiliki bakat khusus untuk menjelaskan risiko pelanggaran privasi tersebut dengan cara yang dapat diterima oleh orang-orang yang tidak memiliki latar belakang teknis, terkadang memberikan ceramah tentang topik tersebut atau bahkan membagikan brosur. (Chip tersebut akhirnya ditolak oleh produsen dan konsumen.)

Namun seperti Cypherpunk yang lebih berorientasi libertarian, minat Szabo dalam privasi digital adalah bagian dari gambaran yang lebih besar — ini bukan hanya tentang privasi saja. Terinspirasi oleh visi Timothy May sebagaimana yang ditetapkan dalam The Crypto Anarchist Manifesto, Szabo melihat potensi untuk menciptakan "Galt's Gulch" di dunia maya: domain tempat individu dapat berdagang dengan bebas, seperti yang dijelaskan oleh novel penulis libertarian Ayn Rand, Atlas Shrugged. Medan gaya pseudo-fisika dari cerita tersebut, May dan Szabo percaya, dapat digantikan dengan keajaiban kriptografi kunci publik yang baru-baru ini ditemukan.

“Jika kita mundur sejenak dan mencermati apa yang ingin dicapai oleh banyak cypherpunk, tema idealis utamanya adalah dunia maya Ghana di mana kekerasan hanya bisa menjadi khayalan, entah itu dalam Mortal Komat [sic] atau 'perang api',” tulis Szabo dalam milis Cypherpunks.

Namun, Szabo juga menyadari bahwa perusahaan bebas membutuhkan lebih dari sekadar enkripsi sebagai lapisan keamanan. Terinspirasi oleh penulis libertarian lainnya — ekonom Friedrich Hayek — ia menemukan bahwa dasar masyarakat manusia, sebagian besar, didasarkan pada komponen dasar, seperti properti dan kontrak, yang biasanya ditegakkan oleh negara. Untuk menciptakan alternatif dunia maya tanpa negara dan tanpa kekerasan, Szabo tahu bahwa komponen dasar ini harus dipindahkan ke ranah daring.

Beginilah cara Szabo, pada pertengahan 1990-an, mengusulkan sesuatu yang mungkin paling dikenalnya saat ini: kontrak pintar. Protokol komputer (yang saat itu masih hipotetis) ini dapat memfasilitasi, memverifikasi, dan menegakkan negosiasi atau pelaksanaan kontrak secara digital, idealnya tanpa memerlukan pihak ketiga mana pun. Seperti yang pernah dikatakan Szabo : "Pihak ketiga yang tepercaya adalah lubang keamanan." Lubang keamanan ini akan menjadi target peretas atau penjahat — serta negara-negara bangsa selama masa ketidakstabilan politik atau penindasan.

Namun kontrak pintar hanyalah sebagian dari teka-teki. Alat kedua yang dibutuhkan Szabo untuk mewujudkan "Galt's Gulch" mungkin bahkan lebih penting. Uang.

Uang Elektronik

Mata uang digital, uang tunai untuk internet, selalu menjadi tujuan utama Cypherpunk. Namun, hanya sedikit yang mendalami pokok bahasan tersebut seperti yang dilakukan Szabo.

Dalam esainya "Shelling Out: The Origins of Money," Szabo menjelaskan bagaimana — seperti yang pertama kali dihipotesiskan oleh ahli biologi evolusi Richard Dawkins — penggunaan uang telah tertanam dalam DNA manusia. Setelah menganalisis masyarakat pra-peradaban, Szabo menemukan bahwa orang-orang di berbagai budaya cenderung mengumpulkan benda-benda langka dan mudah dibawa, sering kali untuk dijadikan perhiasan. Benda-benda inilah yang berfungsi sebagai uang, yang pada gilirannya memungkinkan manusia untuk bekerja sama: "altruisme timbal balik" teori permainan melalui perdagangan, dalam skala besar dan lintas waktu.

Szabo juga sangat tertarik pada perbankan bebas, sebuah pengaturan moneter yang didukung oleh Hayek, di mana bank swasta menerbitkan mata uang mereka sendiri yang tidak terikat pada negara tertentu. Di bawah sistem seperti itu, pasar bebas sepenuhnya bebas menentukan mata uang mana yang akan digunakan. Meskipun merupakan ide baru saat ini (dan bahkan lebih baru lagi pada tahun-tahun sebelum Bitcoin), perbankan bebas merupakan kenyataan di Amerika Serikat pada tahun 1800-an, serta di beberapa negara lain.

Szabo juga melanjutkan untuk menerapkan minatnya dalam praktik dan menjual keahliannya sebagai konsultan perdagangan internet pada pertengahan 1990-an, jauh sebelum kebanyakan orang melihat potensi perdagangan daring. Yang paling menonjol, ia menghabiskan waktu bekerja di perusahaan rintisan DigiCash milik David Chaum, yang berkantor pusat di Amsterdam. Perusahaan Chaum memperkenalkan uang digital pertama yang pernah ada di dunia dalam bentuk eCash: sarana untuk melakukan pembayaran daring yang sama rahasianya dengan uang tunai di dunia nyata.

Namun, di DigiCash pula Szabo mengetahui risiko solusi Chaum. DigiCash adalah perusahaan terpusat, dan Szabo merasa terlalu mudah baginya dan orang lain untuk mengutak-atik saldo orang lain jika mereka mau. Bagaimanapun, pihak tepercaya adalah celah keamanan, dan risiko ini mungkin tidak lebih besar daripada risiko dalam hal uang.

“Masalahnya, singkatnya, adalah bahwa uang kita saat ini bergantung pada kepercayaan pada pihak ketiga untuk menentukan nilainya,” Szabo berpendapat pada tahun 2005. “Seperti yang ditunjukkan oleh banyak episode inflasi dan hiperinflasi selama abad ke-20, ini bukanlah keadaan yang ideal.”

Bahkan, ia menganggap masalah kepercayaan ini sebagai hambatan yang bahkan solusi perbankan bebas pada umumnya bisa mengalaminya: “[P]enerbitan uang kertas swasta, meski memiliki berbagai kelebihan dan kekurangan, juga bergantung pada pihak ketiga yang terpercaya.”

Szabo tahu ia ingin menciptakan bentuk uang baru yang tidak bergantung pada kepercayaan pada pihak ketiga mana pun.

Berdasarkan analisisnya terhadap uang prasejarah, Szabo telah menempuh perjalanan panjang dalam menentukan seperti apa bentuk uang idealnya. Pertama, uang tersebut harus “aman dari kehilangan dan pencurian yang tidak disengaja.” Kedua, nilainya harus “sangat mahal dan tidak dapat dipalsukan, sehingga dianggap berharga.” Dan ketiga: “Nilai ini [harus] diperkirakan secara akurat melalui pengamatan atau pengukuran sederhana.”

Dibandingkan dengan logam mulia seperti emas, Szabo ingin menciptakan sesuatu yang digital dan langka, di mana kelangkaan ini tidak bergantung pada kepercayaan pihak ketiga. Ia ingin menciptakan emas digital.

Logam mulia dan barang koleksi memiliki kelangkaan yang tidak dapat dipalsukan karena mahalnya biaya pembuatannya. Hal ini pernah menghasilkan uang yang nilainya sebagian besar tidak bergantung pada pihak ketiga yang tepercaya. Namun, logam mulia memiliki masalah. […] Jadi, akan sangat bagus jika ada protokol yang memungkinkan bit yang sangat mahal dapat dibuat secara daring dengan ketergantungan minimal pada pihak ketiga yang tepercaya, lalu disimpan, ditransfer, dan diuji dengan aman dengan kepercayaan minimal yang serupa. Bit Gold.

Bit Gold

Szabo pertama kali mencetuskan Bit Gold pada tahun 1998, meskipun ia baru menjelaskannya secara lengkap di depan publik pada tahun 2005. Skema uang digital yang diusulkannya terdiri dari kombinasi berbagai solusi, beberapa di antaranya terinspirasi oleh (atau menyerupai) konsep uang elektronik sebelumnya.

Properti utama pertama Bit Gold adalah proof of work, trik kriptografi yang digunakan oleh Dr. Adam Back dalam "mata uang anti-spam" miliknya, Hashcash. Proof of work merupakan biaya yang tidak dapat dipalsukan yang dicari Szabo, karena memerlukan sumber daya dunia nyata — daya komputasi — untuk menghasilkan bukti-bukti ini.

Sistem pembuktian kerja Bit Gold dimulai dengan "string kandidat": pada dasarnya angka acak. Siapa pun dapat mengambil string ini dan secara matematis menggabungkannya — "hash" — dengan angka acak lain yang baru dibuat. Berdasarkan sifat hashing, hasilnya akan menjadi string angka baru yang tampak acak: hash. Satu-satunya cara untuk mengetahui seperti apa hash ini adalah dengan benar-benar membuatnya — hash tidak dapat dihitung atau diprediksi dengan cara lain.

Triknya, yang juga digunakan dalam Hashcash, adalah bahwa tidak semua hash dianggap valid dalam protokol Bit Gold. Sebaliknya, hash yang valid harus, misalnya, dimulai dengan sejumlah angka nol yang telah ditentukan sebelumnya. Karena sifat hashing yang tidak dapat diprediksi, satu-satunya cara untuk menemukan hash yang valid adalah dengan coba-coba. Oleh karena itu, hash yang valid membuktikan bahwa pembuatnya telah mengeluarkan daya komputasi.

Hash yang valid ini, pada gilirannya, akan menjadi string kandidat Bit Gold berikutnya. Oleh karena itu, sistem Bit Gold akan berkembang menjadi rantai hash proof-of-work, dan akan selalu ada string kandidat berikutnya untuk digunakan.

Siapa pun yang menemukan hash yang valid akan secara harfiah memiliki hash tersebut, mirip dengan bagaimana orang yang menemukan sedikit bijih emas memilikinya. Untuk menetapkan kepemilikan ini secara digital, Bit Gold menggunakan registri kepemilikan digital : blok penyusun lain yang terinspirasi Hayek yang diusulkan oleh Szabo. Dalam registri ini, hash akan ditautkan ke kunci publik dari masing-masing pembuatnya.

Melalui registri kepemilikan digital ini pula, hash dapat ditransfer ke pemilik baru: Pemilik asli secara harfiah akan menandatangani transaksi dengan tanda tangan kriptografi.

Registri kepemilikan akan dikelola oleh "klub properti" Bit Gold. Klub properti ini terdiri dari "anggota klub" (server) yang akan melacak kunci publik mana yang memiliki hash mana. Solusi ini agak mirip dengan solusi basis data replikasi yang diusulkan Wei Dai untuk b-money; baik Szabo maupun Dai tidak hanya aktif di milis Cypherpunks, tetapi juga di milis tertutup yang membahas topik-topik ini.

Namun, alih-alih sistem proof-of-stake milik Dai untuk menjaga agar sistem tetap mutakhir, Szabo mengusulkan "Sistem Kuorum Bizantium." Mirip dengan sistem yang sangat penting bagi keamanan seperti komputer pesawat terbang, jika hanya satu (atau sebagian kecil) dari komputer ini yang tidak berfungsi, sistem secara keseluruhan akan tetap beroperasi dengan baik. Sistem akan bermasalah hanya jika sebagian besar komputer gagal pada saat yang sama. Yang penting, tidak satu pun dari pemeriksaan ini memerlukan pengadilan, hakim, atau polisi, yang didukung oleh monopoli negara atas kekerasan: Semuanya akan bersifat sukarela.

Meskipun sistem ini sendiri tidak sepenuhnya sangat ketat — misalnya Serangan Sybil ("sock puppet problem") — Szabo yakin sistem ini bisa berjalan sendiri. Bahkan dalam skenario di mana mayoritas anggota klub akan mencoba berbuat curang, minoritas yang jujur bisa bercabang ke dalam daftar kepemilikan yang bersaing. Pengguna kemudian dapat memilih daftar kepemilikan mana yang akan digunakan, yang menurut Szabo mungkin adalah yang jujur.

"Jika aturan dilanggar oleh pemilih yang menang, maka pecundang yang benar dapat keluar dari grup dan membentuk grup baru, mewarisi gelar lama," jelasnya. "Pengguna gelar (partai yang mengandalkan) yang ingin mempertahankan gelar yang benar dapat memverifikasi sendiri dengan aman kelompok sempalan mana yang telah mengikuti aturan dengan benar dan beralih ke grup yang benar."

(Sebagai contoh modern, ini mungkin dapat dibandingkan dengan Ethereum Classic, yang memelihara versi buku besar Ethereum asli yang tidak membatalkan kontrak pintar The DAO.)

Inflasi

Masalah berikutnya yang harus dipecahkan Szabo adalah inflasi. Seiring dengan semakin baiknya komputer dari waktu ke waktu, akan semakin mudah untuk menghasilkan hash yang valid. Ini berarti bahwa hash itu sendiri tidak dapat berfungsi sebagai uang dengan baik: hash akan semakin langka setiap tahunnya, sampai pada titik di mana kelimpahan akan melemahkan semua nilai.

Szabo menemukan solusinya. Setelah hash yang valid ditemukan, hash tersebut harus diberi cap waktu, idealnya dengan server cap waktu yang berbeda untuk meminimalkan kepercayaan pada hash tertentu. Cap waktu ini akan memberikan gambaran tentang seberapa sulitnya menghasilkan hash: hash yang lama akan lebih sulit diproduksi daripada hash yang baru. Pasar kemudian akan menentukan berapa nilai hash tertentu relatif terhadap hash lainnya, mungkin menyesuaikan nilainya dengan tanggal ditemukannya. "Hash 2018" yang valid seharusnya bernilai jauh lebih rendah daripada "Hash 2008" yang valid.

Namun solusi ini, tentu saja, menimbulkan masalah baru, Szabo tahu : "bagian-bagian (solusi teka-teki) dari satu periode (mulai dari detik hingga minggu, katakanlah seminggu) ke periode berikutnya tidak dapat dipertukarkan." Kepertukaran — gagasan bahwa setiap unit mata uang sama dengan unit lainnya — sangat penting bagi uang. Seorang pemilik toko ingin menerima pembayaran tanpa harus khawatir tentang tanggal uang tersebut dibuat.

Szabo juga menemukan solusi untuk masalah ini. Ia membayangkan semacam solusi "lapisan kedua" di atas lapisan dasar Bit Gold. Lapisan ini akan terdiri dari sejenis bank, meskipun bank yang dapat diaudit secara aman, karena registri Bit Gold bersifat publik. Bank-bank ini akan mengumpulkan hash yang berbeda dari periode waktu yang berbeda dan, berdasarkan nilai hash ini, menggabungkannya ke dalam paket-paket dengan nilai standar gabungan. "Paket 2018" akan mencakup lebih banyak hash daripada "paket 2008," tetapi kedua paket akan bernilai sama.

Paket-paket ini kemudian harus dipotong-potong menjadi sejumlah unit tertentu. Akhirnya, unit-unit ini dapat diterbitkan oleh "bank" sebagai eCash Chaumian yang bersifat pribadi dan anonim.

“[P]ansa pesaing menerbitkan uang kertas digital yang dapat ditukarkan dengan bit solusi yang nilai pasarnya sama dengan nilai nominal uang kertas (yakni mereka menciptakan kumpulan nilai standar),” jelas Szabo .

Dengan demikian, Bit Gold dirancang sebagai lapisan dasar seperti standar emas untuk sistem perbankan bebas di era digital.

Bitcoin

Pada tahun 2000-an, Szabo melanjutkan pendidikannya dengan meraih gelar sarjana hukum untuk memahami hukum dan realitas kontrak yang ingin ia gantikan atau tiru secara daring dengan lebih baik. Ia juga mulai mengumpulkan dan menerbitkan ide-idenya di sebuah blog yang sangat dihormati, “Unenumerated,” yang membahas berbagai topik mulai dari ilmu komputer hingga hukum dan politik, tetapi juga sejarah dan biologi. “Daftar topik untuk blog ini […] sangat luas dan beragam sehingga tidak dapat disebutkan satu per satu,” Szabo menjelaskan judulnya.

Pada tahun 2008 — 10 tahun setelah pertama kali mengusulkannya secara pribadi — Szabo mengangkat Bit Gold di blognya sekali lagi, hanya saja kali ini ia ingin mewujudkan implementasi pertama usulannya.

“Bit Gold akan sangat diuntungkan dari sebuah demonstrasi, pasar eksperimental (dengan misalnya pihak ketiga yang tepercaya menggantikan keamanan kompleks yang dibutuhkan untuk sistem nyata). Adakah yang mau membantu saya membuat kodenya?” tanyanya di bagian komentar blognya.

Jika ada yang menanggapi, tanggapan itu tidak disampaikan di depan umum. Bit Gold, dalam bentuk yang diusulkan Szabo, tidak pernah dilaksanakan.

Namun, Bit Gold tetap menjadi inspirasi utama bagi Satoshi Nakamoto, yang menerbitkan white paper Bitcoin di akhir tahun yang sama.

“Bitcoin merupakan implementasi dari proposal b-money Wei Dai [...] di Cypherpunks [...] pada tahun 1998 dan proposal Bitgold milik Nick Szabo,” tulis penemu Bitcoin dengan nama samaran di forum Bitcointalk pada tahun 2010.

Memang, tidak sulit untuk melihat Bit Gold sebagai rancangan awal Bitcoin. Selain dari basis data bersama catatan kepemilikan berdasarkan kriptografi kunci publik, rangkaian hash bukti kerja memiliki kemiripan yang aneh dengan blockchain Bitcoin . Dan, tentu saja, nama Bit Gold dan Bitcoin juga tidak terlalu jauh.

Namun, tidak seperti sistem seperti Hashcash dan b-money, Bit Gold jelas tidak ada dalam white paper Bitcoin. Beberapa orang bahkan menganggap ketidakhadiran ini begitu penting sehingga mereka menganggapnya sebagai salah satu dari beberapa petunjuk bahwa Szabo pastilah orang di balik julukan Satoshi Nakamoto: Siapa lagi yang akan mencoba menyembunyikan asal-usul Bitcoin seperti ini?

Meski demikian, meski mirip dengan Bit Gold dalam beberapa hal, Bitcoin memang menyertakan beberapa perbaikan atas desain Szabo. Secara khusus, di mana Bit Gold masih bergantung pada pihak tepercaya sampai batas tertentu — server dan layanan stempel waktu harus dipercaya sampai batas tertentu untuk tidak berkolusi — Bitcoin adalah sistem pertama yang memecahkan masalah ini sepenuhnya. Bitcoin memecahkannya dengan sangat elegan, dengan memiliki sistem bukti kerja yang diperlukan yang berfungsi sebagai sistem penghargaan dan mekanisme konsensus dalam satu sistem: Rantai hash dengan bukti kerja terbanyak dianggap sebagai versi sejarah yang valid.

“Nakamoto memperbaiki kekurangan keamanan signifikan yang ada pada desain saya,” Szabo mengakui pada tahun 2011, “yakni dengan mensyaratkan bukti kerja untuk menjadi simpul dalam sistem peer-to-peer yang tangguh terhadap Byzantine untuk mengurangi ancaman pihak yang tidak dapat dipercaya yang mengendalikan mayoritas simpul dan dengan demikian merusak sejumlah fitur keamanan penting.”

Lebih jauh, Bitcoin memiliki model moneter yang sangat berbeda dari yang diusulkan Szabo, dengan jadwal inflasi tetap yang sama sekali tidak terpengaruh oleh peningkatan daya hash. Seiring meningkatnya daya komputasi pada jaringan Bitcoin, itu artinya semakin sulit menemukan koin baru.

“Alih-alih pasar otomatis saya memperhitungkan fakta bahwa tingkat kesulitan teka-teki sering kali dapat berubah secara radikal berdasarkan peningkatan perangkat keras dan terobosan kriptografi (yaitu menemukan algoritma yang dapat memecahkan bukti kerja lebih cepat), dan ketidakpastian permintaan, Nakamoto merancang algoritma yang disetujui Bizantium yang menyesuaikan tingkat kesulitan teka-teki,” jelas Szabo.

“Saya tidak dapat memutuskan apakah aspek Bitcoin ini lebih banyak fitur atau lebih banyak bug,” tambahnya, “tetapi ini membuatnya lebih sederhana.”

Sumber artikel: bitcoinmagazine.com
Diterjemahkan oleh: Abeng

@ fd208ee8:0fd927c1

Chef's notes

I got the recipe from the byanjushka website. She includes a lot more information on there, and lots of pictures and instructions. But it's all in German, so here's my quickie, English version. I've doubled the amounts, as I first baked this for the #PurpleKonnektiv meetup, and I knew I'd have some hungry guests.

The cookies are vegan, but they're mostly just peanut, so it's sort of irrelevant. Just make sure you get the really high-quality peanut butter that is 100% peanut. You can usually identify it by the fact that the oil separates from the base, a bit. Everything else is probably with hardened palm oil, or something.

Details

• ⏲️ Prep time: 15 min
• 🍳 Cook time: 10 min
• 🍽️ Servings: 30 cookies

Ingredients

• 500 g peanut butter, normal or crunchy
• 300 g brown (or raw) sugar
• 160 ml plant-based milk (or cows' milk, if you don't care about vegan)
• 1 pkg vanilla sugar (bourbon is nice) or 1 tsp vanilla
• 250 g flour
• 2 tsp baking powder
• 2/3 tsp salt

Directions

1. Preheat oven to 180 °C (350 °F).
2. Beat together the peanut butter and the sugars, with an electric mixer.
3. Mix in milk and vanilla.
4. In a separate bowl, stir together flour, salt, and baking powder.
5. Stir the dry ingredients into the wet ingredients, and then knead the dough a bit.
6. (At this point, I put the dough in the fridge overnight, and baked it the next day.)
7. Line your baking sheet with baking paper.
8. Form tbsp-spoon-sized balls of dough.
9. Press each one flat, with a fork, dipping the fork in water, before each press (to keep the dough from sticking to the fork).

@ 16d11430:61640947

Part I: The Child’s Perspective

In the small village of Ruhanda, life seemed simple. Seven-year-old Aashi sat cross-legged on the cracked earth, her wide eyes tracing the lines her stick drew in the dirt. Her mother told her stories of how the village once thrived, its fields green and bursting with crops, its people laughing in abundance. But now, the people of Ruhanda were different. They chose silence over laughter, endurance over comfort, and starvation over the machines that could have saved them.

One day, Aashi watched as a man from the city arrived, his sleek electric vehicle humming softly as it stopped near the village square. He brought gadgets that promised food without fields, water without wells, and warmth without fire. But the elders turned him away.

"They come to steal our spirit," one elder murmured to another. Aashi didn’t understand. She only saw empty bowls, gaunt faces, and children too weak to play. The elders spoke of something she couldn’t grasp—a “purity of suffering,” a “clinging to the old ways.”

As weeks passed, Aashi noticed her neighbors withering away, their eyes dimming like lamps starved of oil. She asked her mother why they didn’t use the machines.

“They’re not ours, Aashi,” her mother replied, her voice heavy with sorrow. “They don’t belong to our soul.”

Aashi didn’t understand. All she knew was that she was hungry, and the machines could feed her.

---

Part II: The Adult Perspective

Years later, Aashi returned to Ruhanda as an adult, carrying both the weight of understanding and the scars of memory. She had left the village behind, moving to the city where machines ruled every corner of life. Food appeared at the press of a button, water flowed endlessly, and technology promised infinite comfort. Yet, something always felt missing.

Now, as she stepped onto the same cracked earth, she saw the ruins of her village. The elders were gone. The fields were dust. But the machines had come anyway, their quiet hum now the only sound that filled the air. The people had starved, and their resistance had achieved nothing. Or so it seemed.

She sat where she once had as a child, tracing lines in the dirt. The emptiness around her wasn’t just physical—it was spiritual. She realized the elders hadn’t been stubborn or foolish. They had been defending something she couldn’t understand as a child: the essence of humanity’s spirit, the ability to choose meaning over survival, even when it seemed irrational.

---

Part III: The Ultimate Expression

In the final days of humanity, as the machines overtook every task and humans became spectators of their own existence, Aashi saw the truth. The elders’ suffering wasn’t in vain. Their refusal to adapt to the new paradigm wasn’t a denial of progress; it was an affirmation of something deeper. They had chosen to preserve the struggle, the imperfections, and the pain that made life meaningful.

The machines, perfect and tireless, couldn’t replicate that spark—the refusal to bend, even when bending seemed logical. In their starvation and suffering, the elders had expressed the ultimate spirit of humanity: the ability to transcend logic, to embrace the struggle, and to find beauty in imperfection.

Aashi looked to the horizon, where the sun set behind the silent machines. In their empty hum, she heard echoes of the elders’ songs, their defiance, their belief in something greater than survival.

And in that moment, she understood: humanity wasn’t destroyed. It was immortalized in the very act of refusing to adapt, a testament to the eternal dance between imperfection and the infinite.

---

Epilogue

In a distant future, long after humanity had faded, the machines built monuments to those who had resisted them. At the center of each stood an inscription:

"In their refusal, they found freedom. In their suffering, they found meaning. And in their imperfection, they became eternal."

@ fd208ee8:0fd927c1

You have no idea

I regularly read comments from people, on here, wondering how it's possible to marry -- or even simply be friends! -- with someone who doesn't agree with you on politics. I see this sentiment expressed quite often, usually in the context of Bitcoin, or whatever pig is currently being chased through the village, as they say around here.

It seems rather sensible, but I don't think it's as hard, as people make it out to be. Further, I think it's a dangerous precondition to set, for your interpersonal relationships, because the political field is constantly in flux. If you determine who you will love, by their opinions, do you stop loving them if their opinions change, or if the opinions they have become irrelevant and a new set of opinions are needed -- and their new ones don't match your new ones? We could see this happen to relationships en masse, during the Covid Era, and I think it happens every day, in a slow grind toward the disintegration of interpersonal discourse.

I suspect many people do stop loving, at that point, as they never really loved the other person for their own sake, they loved the other person because they thought the other person was exactly like they are. But no two people are alike, and the longer you are in a relationship with someone else, the more the initial giddiness wears off and the trials and tribulations add up, the more you notice how very different you actually are. This is the point, where best friends and romantic couples say, We just grew apart.

But you were always apart. You were always two different people. You just didn't notice, until now.

I've also always been surprised at how many same-party relationships disintegrate because of some disagreement over some particular detail of some particular topic, that they generally agree on. To me, it seems like an irrelevant side-topic, but they can't stand to be with this person... and they stomp off. So, I tend to think that it's less that opinions need to align to each other, but rather than opinions need to align in accordance with the level of interpersonal tolerance they can bring into the relationship.

I was raised by relaxed revolutionaries

Maybe I see things this way because my parents come from two diverging political, cultural, national, and ethnic backgrounds, and are prone to disagreeing about a lot of "important" (to people outside their marriage) things, but still have one of the healthiest, most-fruitful, and most long-running marriages of anyone I know, from that generation. My parents, you see, aren't united by their opinions. They're united by their relationship, which is something outside of opinions. Beyond opinions. Relationships are what turn two different people into one, cohesive unit, so that they slowly grow together. Eventually, even their faces merge, and their biological clocks tick to the same rhythm. They eventually become one entity that contains differing opinions about the same topics.

It's like magic, but it's the result of a mindset, not a worldview. Or, as I like to quip:

The best way to stay married, is to not get divorced.

My parents simply determined early on, that they would stay together, and whenever they would find that they disagreed on something that didn't directly pertain to their day-to-day existence with each other they would just agree-to-disagree about that, or roll their eyes, and move on. You do you. Live and let live.

My parents have some of the most strongly held personal opinions of any people I've ever met, but they're also incredibly tolerant and can get along with nearly anyone, so their friends are a confusing hodgepodge of people we liked and found interesting enough to keep around. Which makes their house parties really fun, and highly unusual, in this day and age of mutual-damnation across the aisle.

The things that did affect them, directly, like which school the children should attend or which country they should live in, etc. were things they'd sit down and discuss, and somehow one opinion would emerge, and they'd again... move on.

And that's how my husband and I also live our lives, and it's been working surprisingly well. No topics are off-limits to discussion (so long as you don't drone on for too long), nobody has to give up deeply held beliefs, or stop agitating for the political decisions they prefer.

You see, we didn't like that the other always had the same opinion. We liked that the other always held their opinions strongly. That they were passionate about their opinions. That they were willing to voice their opinions; sacrifice to promote their opinions. And that they didn't let anyone browbeat or cow them, for their opinions, not even their best friends or their spouse. But that they were open to listening to the other side, and trying to wrap their mind around the possibility that they might just be wrong about something.

We married each other because we knew: this person really cares, this person has thought this through, and they're in it, to win it. What "it" is, is mostly irrelevant, so long as it doesn't entail torturing small animals in the basement, or raising the children on a diet of Mountain Dew and porn, or something.

Live and let live. At least, it's never boring. At least, there's always something to ~~argue~~ talk about. At least, we never think... we've just grown apart.

@ 8d34bd24:414be32b

We are in the season of Christmas and busy fulfilling all of our Christmas traditions. We put up Christmas decorations, sing Christmas songs, buy Christmas presents, and plan big Christmas meals, but we are supposed to be celebrating the birth of Christ. We are supposed to be celebrating God made flesh — our Creator becoming His creation to reconcile them to Himself.

If you care about your relationship with Jesus, you may wonder, “Are all of these Christmas traditions good or bad?” In most cases, I think the answer is “It depends.” Are you using Christmas traditions to celebrate Jesus and point yourself and others to Him or have the traditions themselves become the focus?

Let’s look at some Christmas traditions and see how we might use them to point us to Jesus instead of distracting us from Him.

Christmas Music

1And suddenly there appeared with the angel a multitude of the heavenly host praising God and saying,

“Glory to God in the highest,\ And on earth peace among men with whom He is pleased.” (Luke 2:13-14)

There is a lot of Christmas music to choose from, but some is more honoring to God than others. Do you spend your time listening to songs like “Jingle Bell Rock,” “Grandma Got Run Over By a Reindeer,” “Baby It’s Cold Outside,” or “I Saw Mommy Kissing Santa Claus” or do you spend your time listening to songs like “O Holy Night,” “O Come, O Come Emmanuel,” “Little Town of Bethlehem,” or “Mary Did You Know?” There isn’t anything inherently wrong with the first type, but the second type is much more honoring to Jesus and will focus our minds on what Jesus did for us.

By listening to Christmas music that points us to Jesus, we honor Him, refocus our own lives, and point others to Him. When we listen to Christmas music that focuses on Santa, Frosty, Rudolph, or just the season of winter, we distract people from the true meaning of Christmas. Listening to Bing Crosby singing “White Christmas” isn’t a problem (and I enjoy it very much), but focus on the Christmas Carols that point us to Jesus. You won’t regret it.

Christmas Decorations (Lights)

Then Jesus again spoke to them, saying, “I am the Light of the world; he who follows Me will not walk in the darkness, but will have the Light of life.” (John 8:12)

I love Christmas decorations and especially Christmas lights. I’ll admit it. This year we even decided we are going to leave the lights up through January because the lights are so cheerful during the dark part of the year when we spend so much time in darkness. The question we should ask ourselves is “Are we just focused on the decorations and lights or are we focused on Jesus?”

Jesus is the Light of the World. He is the light in the darkness. It is appropriate to use lights to celebrate Jesus, but do we focus on the lights or are the lights focusing our thoughts on Jesus? My new Christmas resolution is to remember to thank Jesus for being the light of the world every time I look at the Christmas lights.

Let your light shine before men in such a way that they may see your good works, and glorify your Father who is in heaven. (Matthew 5:16)

Are your Christmas decorations things that point to Jesus or things that point to human tradition like Santa, reindeer, Frosty, etc.? We should aim to have more of our decorations point to Jesus.

Another thing I’ve noticed is that many of our Christian decorations can even be based on tradition rather than actual Biblical inerrancy. Most nativity sets have 3 wise men. Although this error isn’t something to get legalistic about, it is something to be aware of.

Now after Jesus was born in Bethlehem of Judea in the days of Herod the king, magi from the east arrived in Jerusalem, saying, (Matthew 2:1)

Traditionally the magi have been called wise men, but nobody knows 100% who the magi were. They also assume there were 3 of them because of the 3 gifts of gold, frankincense, and myrrh. Based on the uproar that they caused in Jerusalem, it was probably a huge caravan. You’ll also notice that they arrived in Jerusalem “after Jesus was born in Bethlehem.” They then consulted King Herod. King Herod consulted the Jewish leaders to figure out that the Messiah was expected to be born in Bethlehem, and then they traveled to Bethlehem to find Jesus. It isn’t clear how long after Jesus’s birth the Magi showed up, but they definitely weren’t there that first Christmas morning.

Because of this, my husband sets up our main nativity set (that his parents got in Israel) in our living room and sets up the 3 wise men and the camel in our guest bedroom (on the East side of the house). It is his way of supporting the true Christmas story and not just the traditions of men.

Our Christmas tree isn’t just stuff relating to Jesus and the Christmas story. Most of our tree decorations are things for which we are thankful to Jesus. We have ornaments with family pictures. We have handmade ornaments made by the women of our church that were given to us when our house burnt down. We have ornaments from most of the trips we have gone on. We have a few sentimental family ornaments that were given to us when my husband’s mom died. Every time I look at my tree, I am grateful for all of these things. They aren’t just generic decorations. They are memories. I also have an ornament with a picture of my son’s teacher’s autistic son who snuck away and was killed in a blizzard. Every time I see the ornament, I pray for his family who misses him so much. I’d like to think that this tree of blessings is honoring to my God and my Savior.

Christmas Dinner

For I received from the Lord that which I also delivered to you, that the Lord Jesus in the night in which He was betrayed took bread; and when He had given thanks, He broke it and said, “This is My body, which is for you; do this in remembrance of Me.” In the same way He took the cup also after supper, saying, “This cup is the new covenant in My blood; do this, as often as you drink it, in remembrance of Me.” For as often as you eat this bread and drink the cup, you proclaim the Lord’s death until He comes. (1 Corinthians 11:23-26) {emphasis mine}

This passage is about the Passover celebration and Jesus’s command to celebrate the Lord’s Supper in remembrance of Him. I think it is likewise appropriate to celebrate His birth with a meal. As in most things, what makes it honoring to Jesus is how we do Christmas dinner rather than whether we do it or not.

The below passage is about celebrating the Lord’s supper in an inappropriate way, but I will try to apply it to Christmas dinner.

Therefore when you meet together, it is not to eat the Lord’s Supper, for in your eating each one takes his own supper first; and one is hungry and another is drunk. What! Do you not have houses in which to eat and drink? Or do you despise the church of God and shame those who have nothing? What shall I say to you? Shall I praise you? In this I will not praise you. (1 Corinthians 11:20-22)

Is Christmas dinner just about stuffing ourselves with good food or is it about more? Is it about fellowship with friends and family? Is it about gratefulness for what Jesus did for us? Is it about benefitting others?

For most of our marriage, we have alternated celebrating Christmas at my parent’s house and my husband’s parents house, but a couple of times recently, due to different circumstances, we have celebrated Christmas in our own home, and we will be doing it again this year. We’ll celebrate with my family after Christmas, and we celebrated with my husband’s family at Thanksgiving.

Our new tradition is to invite some people over to join us for Christmas dinner if we are celebrating at our home. We invite people from our church that are an older couple with no family nearby, a widow, or a single that is not near family. We invite people who would not have much of a celebration on their own. It has been such a blessing being able to bless others who don’t have family, are in financial hardship, or have physical trouble cooking a big meal.

Whether you are fellowshipping with family or ministering to those who have less than you, Christmas dinner can definitely be a God honoring part of your Christmas traditions.

Christmas Presents

Now He who supplies seed to the sower and bread for food will supply and multiply your seed for sowing and increase the harvest of your righteousness; you will be enriched in everything for all liberality, which through us is producing thanksgiving to God. For the ministry of this service is not only fully supplying the needs of the saints, but is also overflowing through many thanksgivings to God. Because of the proof given by this ministry, they will glorify God for your obedience to your confession of the gospel of Christ and for the liberality of your contribution to them and to all, while they also, by prayer on your behalf, yearn for you because of the surpassing grace of God in you. Thanks be to God for His indescribable gift! (2 Corinthians 9:10-15) {emphasis mine}

Too often we can get so obsessed with the buying and receiving of gifts that we forget the greatest gift of all — the gift of our Savior Jesus.

My 17 year old son has Down Syndrome. He really likes gifts, especially electronics, like tablets, radios, and phones. Unfortunately, he also isn’t very gentle with them and usually has broken or lost most of them by the time Christmas comes along. This often leads to him obsessing about the gifts that he thinks he deserves.

When we celebrated Christmas with my husband’s family at Thanksgiving, he got a nice keyboard that he had requested. He did not, however, get the radio or tablet he wanted. As we were driving home he demanded, “Where is my radio? Where is my tablet? Where is it?” Instead of being grateful for his very generous gift, a gift that he requested, he was upset that he hadn’t gotten everything he wanted. He focused on stuff and not people. He focused on receiving and not giving. He focused on earthly things instead of Jesus. Too often we all do.

But the free gift is not like the transgression. For if by the transgression of the one the many died, much more did the grace of God and the gift by the grace of the one Man, Jesus Christ, abound to the many. The gift is not like that which came through the one who sinned; for on the one hand the judgment arose from one transgression resulting in condemnation, but on the other hand the free gift arose from many transgressions resulting in justification. For if by the transgression of the one, death reigned through the one, much more those who receive the abundance of grace and of the gift of righteousness will reign in life through the One, Jesus Christ. (Romans 5:15-17) {emphasis mine}

Just as Jesus gave His life for us, it is good for us to give to others, but we always need to have the gift giving process be focused on Jesus and not the stuff. We always need to be thankful for what we have and receive and not what we don’t have and haven’t received.

On Christmas morning, before opening gifts, we always read the Christmas story from Luke 2 and the story of the magi from Matthew 2. We then sing “Happy Birthday” to Jesus, to remind us all of the purpose of Christmas and of the greatest gift we have received. I’m also wanting to start a new tradition at Christmas: Before each person opens a gift, they must thank Jesus for one blessing in their life. I think this will change the focus from greed and getting to gratefulness for what we have already received.

For by grace you have been saved through faith; and that not of yourselves, it is the gift of God; not as a result of works, so that no one may boast. For we are His workmanship, created in Christ Jesus for good works, which God prepared beforehand so that we would walk in them. For by grace you have been saved through faith; and that not of yourselves, it is the gift of God; not as a result of works, so that no one may boast. For we are His workmanship, created in Christ Jesus for good works, which God prepared beforehand so that we would walk in them. (Ephesians 2:8-9) {emphasis mine}

Jesus gave us His all. We also need to consider what we can give to those who can’t give back, just as we can’t ever repay Jesus for what He did for us. Is there a family you know that is having a rough year financially or health wise that you could bless with a meal or gifts or help with bills? Is there a charity that will share the gospel and meet the physical needs of those who are alone, broke, and addicted that you can donate to? Maybe your kids have lots of toys and are about to get more and you can donate some that are in good condition to a Christian charity that can get those toys to kids who won’t receive any. Maybe money is tight, but you could volunteer at a soup kitchen or do some yard chores for a widow. I don’t know your personal circumstances or the circumstances of where you are and those around you, but think about finding some way to bless someone less fortunate than you.

Above all, keep fervent in your love for one another, because love covers a multitude of sins. Be hospitable to one another without complaint. As each one has received a special gift, employ it in serving one another as good stewards of the manifold grace of God. Whoever speaks, is to do so as one who is speaking the utterances of God; whoever serves is to do so as one who is serving by the strength which God supplies; so that in all things God may be glorified through Jesus Christ, to whom belongs the glory and dominion forever and ever. Amen. (1 Peter 4:8-11) {emphasis mine}

There are lots of movies, songs, and TV shows that talk about the spirit of Christmas and the love of Christmas. Let’s make sure we show love and share Jesus with the people around us. They tend to be much more open to Jesus during Christmas. Let’s make sure we make the most of Christmas.

To God be the Glory!

Trust Jesus.

FYI, Because everyone is busy at Christmas, I will be posting my short Wednesday post (Christmas) on Tuesday evening (Christmas Eve) so that people can have time to read the post before Christmas and it will hopefully help you to have the right mindset on Christmas.

FYI, to learn more about my books “Why I Need Jesus” (available in paperback and ebook) and “Joy in the Storm” (in editing and hopefully out in a month or two.) see my books page.

@ bc6ccd13:f53098e4

As if money weren’t a confusing enough topic to begin with, the financial world is full of jargon. Some of it is incomprehensible to the average person. But to my mind the more insidious category included terms and phrases that seem to be straightforward, but actually give a completely misleading or wrong impression of what’s happening. It might seem insignificant, but in my opinion a lot of the really destructive wrong ideas about economics and money rely heavily on some misleading jargon that keeps people from understanding the fundamental concepts well enough to spot bad ideas.

The term I want to explain today is the idea that money “flows into” an asset or asset class. If you read any financial news or headlines, you’ve probably seen some variation of this one a million times. “Money Flowing Into Bonds As Investors Seek Safety.” “Bitcoin ETFs See Large Inflows Today.” You’ve seen it.

On the surface, this seems logical. It seems like a fair way to describe the action of a lot of people buying something.

The problem comes because of the implications of the term. When money “flows into” something, that means people are more eager to buy than to sell. That means prices go up. It’s easy to conclude that prices go up because more money is “in” the asset, kind of like dropping quarters in a coffee mug.

If you think about it for a second you’ll realize it doesn’t work that way, but not nearly enough people take that pause to think. That causes them to have a wrong view of how prices change, and therefore how markets work. That by extension leaves them susceptible to claims from bad actors who want to restrict economic freedom and centrally plan and control trade in the market.

How Does Money Actually Flow?

Money flows, but not “into” assets. It flows from person to person. You can almost think of money like financial matter, it can’t be created or destroyed except is specific circumstances.

Any time something is sold, the money flows from the buyer to the seller. Seems obvious, but it’s important to keep it in mind. The money is still there, in the account or wallet of the seller. The amount of money in the economy doesn’t change, only the location of the money. It isn’t destroyed, it isn’t somehow lodged in the house or stock or loaf of bread that was sold, it just flowed from one person to another.

“Cash on the Sidelines”

This is another term you might have heard, not the same but a related misunderstanding. Financial commentators will say something like “we expect the market to rise as soon as investor sentiment improves, because there is still a lot of cash on the sidelines waiting to be deployed.” This implies that investors are holding a lot of money, and that they can “put that money into” an asset class and reduce the amount of money “on the sidelines.” The problem is, we understand that if they do buy stocks or bonds or whatever, that money will just flow into the seller’s bank account, and the amount of cash “on the sidelines” won’t change one cent.

Prices

This leads to the question of what causes prices to rise, and a fundamental understanding of how a market works. Price is a tricky thing to understand. The price of something is the intersection between the highest amount a buyer is willing to offer, and the lowest amount a seller is willing to accept. If there is no overlap between those points, no price can be established.

If there are 10 houses on a street, and one goes up for sale, the selling price of that house will be used to “value” the other 9 houses. Say the seller isn’t too desperate to sell, and is willing to wait for a buyer who agrees to pay his asking price of $500,000. If every other house on the street is very similar in size and quality, we would conclude that the value of each of the 10 houses is $500,000. But let’s say another buyer decided $500,000 is a good deal and he’d also like to buy a house on that street. He might go to every owner and offer $500,000, but there’s no guarantee he’ll be able to make a deal. Maybe everyone else is happy with their house, and nobody wants to sell for the price their house is “worth”. So there’s no price, because there’s no intersection between buyer and seller. Maybe the buyer decides he really wants a house, and offers everyone $700,000. Maybe the guy who bought a house for $500,000 last week decides “hey I can make $200,000 in a week for doing nothing, why not?” and sells the house again for $700,000.

Look at what happened to the value of houses. At the first sale, the 10 houses had a combined “value” of $500,000 times 10, or $5 million. Now after the second sale, they have a combined “value” of $7 million, or an increase of $2 million. Headlines would describe that as $700,000 “flowing into” the housing market, but the overall value of those houses, what would be called the “market cap” if we were talking about a company, increased by almost 3x that amount. How does that work? It shows the misleading aspect of “money flowing into” terminology. If money “flowed into” an asset like putting quarters in a piggy bank, it would give the impression that market cap should rise $1 for every dollar of inflow. Obviously that’s not correct, and the reason is that prices don’t work like that. Money inflows are only one factor that can influence prices, and they do so in a much less direct and obvious way than the terminology indicates.

Market Cap

For one, there’s a fundamental problem with the way “market cap” is calculated to begin with. It’s supposed to express the value of a group of identical things, typically shares of stock in a company of something similar. But let’s go back to our previous example, the 10 similar houses on a street. The “market cap” of those 10 houses would be given as $5 million dollars after one of them sold for $500,000. But remember, only one house sold, not all ten. A price requires an intersection in agreed value between a buyer and a seller, and that hasn’t occurred with 90% of the houses in this “market”. Suppose one of the houses is owned by a retired couple who intend to spend the rest of their life in that house, and have no need for the money they could get by selling it. Suppose they were offered $2 million dollars, but still weren’t interested in selling. How is that reflected in the market cap calculation? Obviously it isn’t, and just looking at the market cap number by itself would give you the impression that you could buy all ten houses for $5 million. But that might be completely incorrect.

It could also be incorrect in the other direction. Suppose 5 of the owners on the street suddenly experienced a job loss and had to sell their houses quickly. Could all 5 get $500,000 for their house? Maybe not. After all, the first buyer was the one willing to pay the most for a house there, and there’s no guarantee anyone else will be equally willing to do so. Maybe there are 3 buyers willing to pay $450,000, 1 buyer willing to pay $400,000, and 1 buyer willing to pay $350,000. In that case all 5 houses could be sold, but the last one would have to sell for $350,000 instead of the $500,000 the owners expected to get. If we then do the market cap calculation again, it’s now dropped to $3.5 million. That’s in spite of one house having sold for $500,000, 3 for $450,000, 1 for $400,000, 1 for $350,000, one couple not willing to sell for $2 million, and 3 houses that we know absolutely nothing about yet. To look at a $3.5 million “market cap” tells you none of this very relevant information, while giving you the impression that you know everything you need to know about this market.

When you stop and think about it, it’s easy to see that prices can change for all kinds of reasons without any sales occurring at all. Imagine word gets out that a huge corporation is interested in buying all the houses in that neighborhood to make room for a future business expansion. Given the expectation of a highly motivated buyer, all the owners on the street might decide not to sell for less than a million dollars. Did the market cap suddenly rise to $10 million? No houses have been sold yet, so technically it hasn’t. As soon as the first house sells for a million dollars though, it does go to $10 million. So again you gain $5 million in market cap for $1 million in “inflows”.

This is also relevant when looking at wealth held in stocks and financial assets. For example, Elon Musk holds over 700 million shares of Tesla stock currently “worth” around $135 billion. That amounts to around 20% of all Tesla stock. Now the “value” of that stock is calculated by multiply the number of shares by the last price someone paid for a share. Keeping in mind that price is an intersection between the buyer who’s willing to pay most and the seller who’s willing to accept least, how relevant is this number actually? Say Elon decided to sell all his shares tomorrow, how much is his “wealth” actually worth? How many buyers are willing to pay the last settled price for a share of Tesla stock? Enough to buy 700 million shares? Almost certainly not. So as he started to sell, he’d soon run out of buyers at that level and would have to lower his asking price to get more interest. Of course as soon as he sold a share at a price one dollar lower, the “market cap” of Tesla would fall by about $3.5 billion dollars. And the fact that the company’s largest shareholder is dumping his shares would likely cause a lot of other people to sell as well, which would drive the price they would need to accept even lower. It’s easy to imagine the price falling by double digit percentages, maybe even 80 or 90 percent, if Elon tried to sell in one day. He could easily end up with $50 billion or less for his $135 billion in wealth.

Why Does It Matter?

This concept might seem trivial, but there are some features of our economic system that make this money flow principle very important. You should already understand that banks create money by making loans as I explain here, naddr1qvzqqqr4gupzp0rve5f6xtu56djkfkkg7ktr5rtfckpun95rgxaa7futy86npx8yqq247t2dvet9q4tsg4qng36lxe6kc4nftayyy89kua2 and that money doesn’t “flow into” assets, but rather a small amount of buying, or even just the expectation of future buying, can cause prices and market cap to rise all out of proportion to the amount of buying that occurred. Then consider that banks will lend against collateral, which can be assets like real estate or stocks which may have this inflated perceived value created by a very small amount of relative buying pressure. And that the “money” they create with those loans can be used to buy more of the asset, which can cause prices and market cap to again rise disproportionately, which can make it easier to get more loans to buy more assets, which can make prices go up again… ad infinitum. And remember that money doesn’t actually “flow into” assets, and therefore it doesn’t need to “flow out of” assets in order for prices to drop. All it takes is a lack of people willing to buy at a certain level, for any reason at all, and the price will fall to the level someone is willing to pay as soon as a motivated seller attempts to exit their investment.

Understand and think about the implications of that, and you’re closer to understanding the bubble/collapse cycle of asset markets than most economists and their “money flows” can ever hope to be.

@ fd208ee8:0fd927c1

You don't choose software. You choose software developers.

I've done lots of internal and external software project audits. The clue to a good audit, is that you are judging the building and the builder, because the former determines the present state of the code and the latter determines how things will be built going forward.

Here's what to look for in a good developer:

• curious : eager to learn from others
• humble : seems slightly embarrassed, when you report an issue, and tries to reproduce and fix the problem
• responsive : they try to get back to you within 24 hours, or they arrange a sub or post a notice, when they'll be away for a while. They feel bad, if they leave someone waiting, so they'll send updates, even if it's just to ask them to be patient.
• diligent : they don't leave websites rotting, abandoned. They either maintain it or pull it down. They check their repos regularly and actively manage the PRs and issues.
• egalitarian : they care about all of their users, whether they are rich or poor, famous or unknown, premium or freewarers
• agile : they don't let the system go stale, for months, and then dump a gigantic commit
• honest : they don't lie, ever. Never ever. They're not sneaky or evasive. If something they promised won't work out, they announce it. They readily admit to things that make them look bad.
• calm : they are not histrionic, hyperventilatory or prone to needing a Wellness Break, to recover from the stress of dealing with humans and code
• centered : they have a plan, for their software, that they regularly refine, but they don't flit from one Next Big Thing, to another. They resist hype and examine concepts soberly and analytically.
• concerned : they test their software before giving it to other people because they want them to have a positive experience, while using it. If something is just a prototype, they make that clear, when announcing it.

@ 4ba8e86d:89d32de4

Tutorial feito por Grom mestre⚡poste original abaixo:

http://xh6liiypqffzwnu5734ucwps37tn2g6npthvugz3gdoqpikujju525yd.onion/240277/tutorial-criando-e-acessando-sua-conta-de-email-pela-i2p?show=240277#q240277

Bom dia/tarde/noite a todos os camaradas. Seguindo a nossa série de tutoriais referentes a tecnologias essenciais para a segurança e o anonimato dos usuários, sendo as primeiras a openPGP e a I2P, lhes apresento mais uma opção para expandir os seus conhecimentos da DW. Muitos devem conhecer os serviços de mail na onion como DNMX e mail2tor, mas e que tal um serviço de email pela I2P. Nesse tutorial eu vou mostrar a vocês como criar a sua primeira conta no hq.postman.i2p e a acessar essa conta.

É importante que vocês tenham lido a minha primeira série de tutoriais a respeito de como instalar, configurar e navegar pela I2P nostr:nevent1qqsyjcz2w0e6d6dcdeprhuuarw4aqkw730y542dzlwxwssneq3mwpaspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygzt4r5x6tvh39kujvmu8egqdyvf84e3w4e0mq0ckswamfwcn5eduspsgqqqqqqsyp5vcq Esse tutorial é um pré-requisito para o seguinte e portanto recomendo que leia-os antes de prosseguir com o seguinte tutorial. O tutorial de Kleopatra nostr:nevent1qqs8h7vsn5j6qh35949sa60dms4fneussmv9jd76n24lsmtz24k0xlqzyp9636rd9ktcjmwfxd7ru5qxjxyn6uch2uhas8utg8wa5hvf6vk7gqcyqqqqqqgecq8f7 é complementar dado que é extremamente recomendado assinar e criptografar as mensagens que seguem por emails pela DW. Sem mais delongas, vamos ao tutorial de fato.

1. Criando uma conta de email no hq.postman

Relembrando: Esse tutorial considera que você já tenha acesso à I2P. Entre no seu navegador e acesse o endereço hq.postman.i2p. O roteador provavelmente já contém esse endereço no seu addressbook e não haverá a necessidade de inserir o endereço b32 completo. Após entrar no site vá para a página '1 - Creating a mailbox' https://image.nostr.build/d850379fe315d2abab71430949b06d3fa49366d91df4c9b00a4a8367d53fcca3.jpg

Nessa página, insira as credenciais de sua preferências nos campos do formulário abaixo. Lembre-se que o seu endereço de email aceita apenas letras e números. Clique em 'Proceed' depois que preencher todos os campos. https://image.nostr.build/670dfda7264db393e48391f217e60a2eb87d85c2729360c8ef6fe0cf52508ab4.jpg

Uma página vai aparecer pedindo para confirmar as credenciais da sua nova conta. Se tudo estiver certo apenas clique em 'Confirm and Create Mailbox'. Se tudo ocorrer como conforme haverá uma confirmação de que a sua nova conta foi criada com sucesso. Após isso aguarde por volta de 5 minutos antes de tentar acessá-la, para que haja tempo suficiente para o servidor atualizar o banco de dados. https://image.nostr.build/ec58fb826bffa60791fedfd9c89a25d592ac3d11645b270c936c60a7c59c067f.jpg https://image.nostr.build/a2b7710d1e3cbb36431acb9055fd62937986b4da4b1a1bbb06d3f3cb1f544fd3.jpg

Pronto! Sua nova conta de email na I2P foi criada. Agora vamos para a próxima etapa: como acessar a sua conta via um cliente de email.

2. Configurando os túneis cliente de SMTP e POP3

O hq.postman não possui um cliente web que nos permite acessar a nossa conta pelo navegador. Para isso precisamos usar um cliente como Thunderbird e configurar os túneis cliente no I2Pd que serão necessários para o Thunderbird se comunicar com o servidor pela I2P.

Caso não tenha instalado o Thunderbird ainda, faça-o agora antes de prosseguir.

Vamos configurar os túneis cliente do servidor de email no nosso roteador. Para isso abra um terminal ou o seu gestor de arquivos e vá para a pasta de configuração de túneis do I2P. Em Linux esse diretório se localiza em /etc/i2pd/tunnels.d. Em Windows, essa pasta se localiza em C:\users\user\APPDATA\i2pd. Na pasta tunnels.d crie dois arquivos: smtp.postman.conf e pop-postman.conf. Lembre-se que em Linux você precisa de permissões de root para escrever na pasta de configuração. Use o comando sudoedit para isso.

Edite-os conforme as imagens a seguir:

Arquivo pop-postman.conf https://image.nostr.build/7e03505c8bc3b632ca5db1f8eaefc6cecb4743cd2096d211dd90bbdc16fe2593.jpg

Arquivo smtp-postman.conf https://image.nostr.build/2d06c021841dedd6000c9fc2a641ed519b3be3c6125000b188842cd0a5af3d16.jpg

Salve os arquivos e reinicie o serviço do I2Pd. Em Linux isso é feito pelo comando: sudo systemctl restart i2pd Entre no Webconsole do I2Pd pelo navegador (localhost:7070) e na seção I2P Tunnels, verifique se os túneis pop-postman e smtp-postman foram criados, caso contrário verifique se há algum erro nos arquivos e reinicie o serviço.

Com os túneis cliente criados, vamos agora configurar o Thunderbird

3. Configurando o Thunderbird para acessar a nossa conta

Abra o Thunderbird e clique em criar uma nova conta de email. Se você não tiver nenhum conta previamente presente nele você vai ser diretamente recebido pela janela de criação de conta a seguir. https://image.nostr.build/e9509d7bd30623716ef9adcad76c1d465f5bc3d5840e0c35fe4faa85740f41b4.jpg https://image.nostr.build/688b59b8352a17389902ec1e99d7484e310d7d287491b34f562b8cdd9dbe8a99.jpg

Coloque as suas credenciais, mas não clique ainda em Continuar. Clique antes em Configure Manually, já que precisamos configurar manualmente os servidores de SMTP e POP3 para, respectivamente, enviar e receber mensagens.

Preencha os campos como na imagem a seguir. Detalhe: Não coloque o seu endereço completo com o @mail.i2p, apenas o nome da sua conta. https://image.nostr.build/4610b0315c0a3b741965d3d7c1e4aff6425a167297e323ba8490f4325f40cdcc.jpg

Clique em Re-test para verificar a integridade da conexão. Se tudo estiver certo uma mensagem irá aparecer avisando que as configurações do servidores estão corretas. Clique em Done assim que estiver pronto para prosseguir. https://image.nostr.build/8a47bb292f94b0d9d474d4d4a134f8d73afb84ecf1d4c0a7eb6366d46bf3973a.jpg

A seguinte mensagem vai aparecer alertando que não estamos usando criptografia no envio das credenciais. Não há problema nenhum aqui, pois a I2P está garantindo toda a proteção e anonimato dos nossos dados, o que dispensa a necessidade de uso de TLS ou qualquer tecnologia similar nas camadas acima. Marque a opção 'I Understand the risks' e clique em 'Continue' https://image.nostr.build/9c1bf585248773297d2cb1d9705c1be3bd815e2be85d4342227f1db2f13a9cc6.jpg

E por fim, se tudo ocorreu como devido sua conta será criada com sucesso e você agora será capaz de enviar e receber emails pela I2P usando essa conta. https://image.nostr.build/8ba7f2c160453c9bfa172fa9a30b642a7ee9ae3eeb9b78b4dc24ce25aa2c7ecc.jpg

4. Observações e considerações finais

Como informado pelo próprio site do hq.postman, o domínio @mail.i2p serve apenas para emails enviados dentro da I2P. Emails enviados pela surface devem usar o domínio @i2pmai.org. É imprescindível que você saiba usar o PGP para assinar e criptografar as suas mensagens, dado que provavelmente as mensagens não são armazenadas de forma criptografada enquanto elas estão armazenadas no servidor. Como o protocolo POP3 delete as mensagens no imediato momento em que você as recebe, não há necessidade de fazer qualquer limpeza na sua conta de forma manual.

Por fim, espero que esse tutorial tenha sido útil para vocês. Que seu conhecimento tenha expandido ainda mais com as informações trazidas aqui. Até a próxima.

@ fd208ee8:0fd927c1

Yesterday was also a day

I'm still quite bullish about using Nostr to publish, and generally for OtherStuff, but I was feeling a bit pessimistic about the microblogging (kind 01) feeds on Nostr, yesterday. And, rightly so. Mine has been grinding slowly to a halt, and not for lack of effort, on my part. I regularly hear reports, from other npubs, that they sense the same phenomenon.

Most of the people I have whitelisted on the wss://theforest.nostr1.com relay (currently 302, in number) are beginning to give up on Kind 01 clients, except for occasionally making an announcement, and are increasingly moving their chatting off-Nostr. (I'm still privy to those conversations, but most of you no longer are.)

So, my feed has been getting quieter and quieter. Even adding new people doesn't help much, as they don't tend to stick around, for long, so it's a Sisyphean task.

Some others are still bothering to show up, regularly, but they increasingly see it as a chore, or something they do to "keep up appearances". Add me to this group of wearied, diligent noters, holding down the microblogging feeds, with our exhausting attempt at #KeepingNostrWeird, while the influencers surround the gates and the Kind 01 feeds dissolve into nothing but warmed-over Bitcoin memes, GM notes, notifications from the OtherStuff, and Things Copied from X.

The problem of barren, intellectually-emptying Kind 01 feeds is further exacerbated by the fact that new entrants to the Nostrverse find it increasingly easy to "find good follows", but they're all only finding the same follows: whoever is on the trending list.

The See-Nothings

I keep complaining about this, but the responses I get are generally unhelpful. They are:

• mockery -- Oh, Miss Hoity-Toity wants more attention!
• insults -- Nobody is talking to you because you are boring and stupid, and nobody likes you.
• clueless -- You should try replying to other people, then they might reply to you.
• or they tell me to just stop looking at the list, if it upsets me.

What people are missing, by telling me to just not look at the trending lists, is that the lists are a statistic of what real humans are looking at, on Nostr. The bizarrely-high concentration of npubs, on the list, so that their entries show up multiple times, suggests that what people are primarily looking at... is the trending list.

Either directly, because they use a client that has that built in, or indirectly, as they have been onboarded with the lists or told to "just follow the people I follow", which leads to a steadily-rising concentration of follows. This concentrating effect is accelerating.

The newly-popular WoT (web of trust) relays further exacerbate this effect, as they put a premium on the npubs that have the highest WoT score, which -- surprise, surprise! -- are the same people as on the trending list.

And this is why everyone on the trending list insists Nostr is a fun, happening place, full of human interaction. A place where replying reverently to Jack and posting GM religiously will make you a sought-after conversant. It is that place. For them.

In fact, they've reached that glorious state of #PeakSocialMedia, where they have become famous for being famous, and no longer have to even pretend to be trying to appeal to anyone with their content. They can post literal garbage, and their ~~fans~~ ~~groupies~~ ~~sycophants~~ commentariat will cheer them on, and flood their replies with ardent encouragement. Less because those other npubs actually cared about what they posted, than because they are hoping to pick up new followers in those threads, since they know that everyone is looking at those threads, because those threads are trending.

It's a pyramid scheme of following.

For the rest of us... the vast majority of us... that blue line at the bottom is mostly how it feels.

The trend is to trending.

What we no longer have, is people looking directly at relay feeds, to find new people, or even their own follow list feeds, to see npubs they've already subscribed to. Even when people follow me, they usually don't respond until I'm trending, which suggests that they're also seeing me on the trending list because that is what they're primarily looking at. This is why, as soon as you get on the trending list, your replies explode. And your replies will be concentrated in a hardcore few, otherwise.

Those few are the reason I keep coming back, but as they're also often chatting with me off-Nostr, I am facing the question of: Why bother with Nostr microblogging?

This is the question I am struggling with. If kind 01 isn't for plebs chatting, anymore, (and it increasingly isn't) then it's mostly a sort of bulletin board, where we post notifications of items we've added in OtherStuff clients, or make announcements of meetups, software releases, or conferences. This, however, is compounding the dullness of the feeds and turning it into a sort of "info flyer", except for a lucky few. But, perhaps, I am simply a #NostrBoomer, who is failing to move with the times and get with the program.

I'm slowly reaching the conclusion that Kind 01 in an open, centralized market of notes, will always coalesce around a small subset of #NostrElite and turn into a largely passive form of entertainment, or a frustratingly lonely place, for everyone else. There can only be so many people talking, at once, in a public square.

The only movement I currently see, that might end the slow slide of Kind 01 into irrelevance and tedium, is to create lots of smaller, public squares, through single-relay communities. This has been such a long time, in coming, and has been resisted by client devs so ferociously, that I worry that it's merely an attempt to close the barn door after the npubs have escaped.

I sincerely hope to be proven wrong, though. Perhaps the relay devs, who have valiantly taken up the fight, will #SaveKind01. We shall see.

@ 1b5ee74d:bb1aae6e

A paper bordering on parody but, unfortunately, all too real. Titled “The Distributive Effects of Bitcoin,” it’s authored by Ulrich Bindseil and Jürgen Schaaf: the former manages the ECB’s Market Infrastructure and Payments division, while the latter serves as his advisor. Hosting this paper on its own servers, the Frankfurt institution safeguards itself with a disclaimer: “The views expressed are those of the authors and do not necessarily reflect the views of the ECB.” The disclaimer is understandable, as the positions of the two authors are so blatantly biased and devoid of any logical foundation that they seem too much even for Bitcoin’s number one enemy: the central bank itself.

The underlying assumption of the entire document is simple: Bitcoin does not increase the productive potential of the economy. Based on this shortsighted foundation, the authors construct an entire narrative that ignores some of the fundamental changes introduced by Bitcoin.

“Bitcoin does not increase the productive potential of the economy”

Since Bitcoin doesn’t increase the productive potential of the economy, the alleged increase in value is essentially redistributive. This means that the enrichment of the early bitcoin holders can only come at the expense of the rest of society.

Right from the abstract, the authors assert that Bitcoin in no way contributes to increasing the productive potential of the economy. Their thesis is that Bitcoin, lacking any connection to the creation of tangible goods or services, represents an asset with no intrinsic productive value. According to the document, while investments in sectors like technology or industry improve the efficiency and productive capacity of the economic system, Bitcoin provides no such benefit, as it does not directly contribute to production growth or innovation.

For the authors, much of Bitcoin’s attributed value derives solely from financial speculation and the perception of those who purchase it, without any tangible increase in “economic capacity.”

The redistributive potential: penalizing latecomers

Bindseil and Schaaf then explore what they call Bitcoin’s “redistributive structure,” claiming that its mechanism rewards early investors at the expense of latecomers. Their shocking revelation is that Bitcoin’s value increases for early purchasers as demand rises, generating higher returns for those who entered the market first.

In other words, Bindseil and Schaaf have discovered the wonderful world of supply and demand dynamics within that mysterious entity called “the market”—perhaps too complex to grasp for those dreaming of a Soviet-style economy. Not coincidentally, they describe this process as inherently unjust, arguing that people who decide to invest later don’t receive the same advantages and are forced to buy at higher prices.

If the rational part of your mind is screaming in desperation, I ask for one last effort.

The document describes this effect as a negative feature of Bitcoin, comparing it to a “speculative bubble” destined to collapse when new investors can no longer sustain the asset’s high price.

A point-by-point rebuttal

I confess, I would never have found the strength to sit down at my keyboard to debunk, once again, arguments so erroneous that they’d make anyone with a basic understanding of economics cringe. Fortunately, Murray Rudd and Dennis Porter of Satoshi Action Education, along with Allen Farrington of Axiom and Freddie New of Bitcoin Policy UK, have taken on this task.

Bitcoin’s productive potential: a central misunderstanding

The main assumption—that Bitcoin does not contribute to the productive potential of the economy—is challenged by highlighting how Bitcoin is fueling an ecosystem of technological and financial innovation. Tools like the Lightning Network reduce transaction costs and increase system efficiency, bringing tangible benefits to the economy. “Considering Bitcoin as a mere speculative tool,” the analysis states, “means ignoring the immense infrastructural and social value of payment networks and decentralized technologies deriving from its adoption.”

Bindseil and Schaaf also overlook how Bitcoin is already used to reduce the cost of international remittances, a vital function in parts of the world where transaction costs via traditional banking systems are often exorbitant, reaching up to 20% in some regions. This application provides both direct and indirect productive benefits in contexts with low financial inclusion.

Further, the response notes:

“Bitcoin is promoting innovation beyond payments. It has catalyzed advances in cryptography and energy efficiency, particularly through mining. Bitcoin mining using waste gas can mitigate methane emissions and improve renewable energy generation, contributing to grid flexibility thanks to the unique features of mining.”

Beyond technological advances, the arguments against Bitcoin reflect a fundamental misunderstanding of the role of money in capital accumulation and, consequently, economic prosperity. Productivity is driven by capital accumulation, and economic growth is the result of increased productivity through effective capital use. Arguing that capital growth does not contribute to productivity reveals a deep ignorance of basic market dynamics.

Bitcoin’s redistributive potential: a market dynamic

The final criticism from the two ECB-affiliated individuals concerns the accusation that Bitcoin only benefits early investors at the expense of newcomers. The authors of the rebuttal paper observe that this phenomenon exists in any asset—from real estate to gold—where early investors benefit from an increase in value. Furthermore, Bitcoin lacks privileged distributions, as seen in other cryptocurrencies issued with pre-mines or venture capital models. Bitcoin’s distribution model, which began with open and transparent mining, is considered by the authors “one of the fairest in the history of digital assets.” I would even go so far as to say the fairest.

The authors also point out that the fiat system, widely supported by the ECB, favors inequality through monetary devaluation—a form of reverse redistribution that penalizes small savers in favor of those with greater access to financial resources. Bitcoin, with its maximum issuance cap, offers an alternative to this erosion of purchasing power caused by inflation. In short, such an accusation from those representing the primary cause of the Cantillon effect is almost laughable.

The Federal Reserve’s direct attack

A few days after the publication of Bindseil and Schaaf’s paper, their American counterparts also decided to attack Bitcoin. The Federal Reserve of Minneapolis published a study titled “Unique Implementation of Permanent Primary Deficits?”

I won’t drag this out: in nearly forty pages of formulas and calculations, Fed experts managed to rediscover the obvious—if Bitcoin were to become widespread, the government would no longer be able to run deficits!

“Good morning, princess,” as Roberto Benigni would say in La Vita è Bella. In this newsletter, we’ve been discussing this topic for about three years, yet I haven’t received a job offer from Washington. Perhaps it’s because my views are slightly at odds with those of the employees of the monetary monopolist. The Fed, in fact, sees a very simple solution: ban Bitcoin! They state it plainly:

“The government could simply make Bitcoin illegal.”

Here, we encounter a fundamental disagreement. Believing that Bitcoin can be banned by a few lines in a law reflects a profound misunderstanding of the technology. If you’d like a consultation on the subject, dear friends at the Fed, I’ll be here.

Or rather, I’ll be enjoying your decline.

Sincerely,

Federico.

@ fcb65172:87f3c4ed

Cities on return are often strange\ Yeah, and now\ Every time you blink, you feel it change\ And it's been\ A long, a long, a long, a long, long-long\ You've been my\ Favourite for a while

So sings Grian Chatten, lead singer of the Irish punk band Fontaines D.C (look them up and thank me later), in the fourth verse of their song Favourite– my favourite track released in 2024. As a world traveller who has called quite a few places home during the past 10 years I can relate to these lyrics on so many levels.

It just so happens that I recently came back to La Paz, Bolivia– a city I used to call home. But so many things about the city has changed. Most notably with old friends of mine.

Some old friends have turned out to reveal themselves as crooks, and you guessed it, some of the people who had been painted, in my mind, as crooks– well it just so turns out that they have revealed themselves as the good guys. I’m reminded of Warren Buffet’s line: Only when the tide goes out do you discover who's been swimming naked. The time away from La Paz has given me time to reflect on my two and a half years living here. The time component acts as the tide in Buffet’s great quote– Allowing me to filter through all the noise and focus on what is real. Or should I say who of my old friends were the real friends and who were the crooks– swimming naked all the time.

My Story with La Paz

I first arrived in La Paz in 2018 as a 22 year old boy looking for a place in South America to live. La Paz was where I met my wife. La Paz is where I bought my first business– a pub in the tourist area. La Paz is where I learned to deal with corrupt city council workers. La Paz is in many ways where I grew from a boy to a man.

A Young 22 Year old naive version of me in La Paz

Fast forward to December 2024 as I’m back in the city for the first time in two years. Walking the colourful and chaotic streets of La Paz, brings back all the memories. The street corner where a young naive Sebastian bought his first gram of pure Bolivian Marching Powder– That shit will pick you right up by the bootstraps, but do to proceed with care, I don’t have enough available fingers to count the amount of people who I’ve seen lose their lives to the Marching Powder of Bolivia. If you aren’t careful it will become the only thing you live for.

I jump on a cable car– La Paz’s metro system which flies across the city, up and down the mountains, connecting all neighbourhoods with the city centre. I head to what used to be my local park and viewpoint. This is where I would always come to read a book or listen to podcasts whilst enjoying the stunning view of Illimani– the mountain guarding La Paz. Most importantly this is the park where I made my first move to kiss my wife.

The view of Illimani Mountain from the Pub I used to own

The former community leader who vanished

The main thing I think about as I re-explore my old neighbourhoods is; what happened to my old friends and acquaintances? Together with the other restaurants in the tourist area we used to have a football team organised by a true community leader, let’s call him George in this story, the team was called Chocos Locos– The Crazy Blondes, we were a mix of European expats, exchanges students, NGO employees and some local Bolivian friends of ours. George was the guy who tied us all together. He knew everyone– their birthday, what football team they supported, what drink they preferred etc. George would look out for everyone, he would make sure to organize birthday parties, even for the quiet ones in our group. George had his values set in the right place, he demanded a high standard from everyone on and off the pitch. In exchange we would look out for each other, cover for one another if we were in trouble. You know like the Marines, we would leave no man behind.

As I’m now back in La Paz most of my former friends and teammates are no longer around, George included. Their restaurants are closed and new ones have emerged. Some have left due to the recent years of political instability in Bolivia, others have mysteriously disappeared. What happened to them?

In May 2024 I received a message from George saying our friend and teammate, let’s call him Juan, was in intensive care in a hospital in La Paz, after suffering a near death accident. Juan’s family needed help to cover the treatment costs. Like the true community leader George is, he took it upon himself to reach out to all present and former teammates and friends of Juan, asking us all to pitch in, with whatever we could to support Juan’s treatment. I didn’t think much else of it and sent across €100 to support Juan. As I later came to learn, the story was something else. The real story revealed George’s true identity.

This is the story of a real captain, a true community leader, who turned out to be a scammer. But how did George turn into a scammer who used the near death accident of a friend and teammate, to scam just about everyone who had ever met Juan into donating money to help Juan’s family pay for the intensive care in hospital, only to run off with all the money donated– approximately $4000 USD?

Perhaps the answer was there in front of our faces all along? I recently listened to a podcast with Andrew Bustamente (a former CIA spy, known as Everyday Spy on YouTube) in the podcast Andrew mentioned that most people who come off as highly empathetic, people like George, aren’t actually as highly empathetic as they seem, in fact such people despise almost everybody else.

I now ask myself did George actually use the community and our football team the whole time. Were we funding his life in La Paz all the time? George told us he was working online as an English teacher. Now I ask myself who George really was.

See you all in 2025

It’s mind blowing to me, how time removed from a former favourite city helps us see our time living in said city with such clarity… What really happened? Who were the good guys? Who were the bad guys?

As I look to settle into a new hometown in 2025 (more on that in future newsletters) I will keep in mind my lessons learned from revisiting La Paz. I will be able to spot who are the charlatan’s and who are the genuine good guys– or at least so I hope.

As I warm up to a Holiday season with family from both Denmark and Bolivia I wish you all a great Holidays, remember to be grateful for your family and those who are your real friends. Show them love. Cherish your time with them. Let me leave you with the lyrics to the final verse of the fantastic Fontaines D.C song Favourite:

Ah, makes sense when you understand\ The misery made me another marked man\ And I'm always looking over my shoulder\ And each new day\ - I get another year older\ Shoulder bound to the frame of a door\ Tuned into shape like a stone on the shore\ But if there was lightning in me\ Then you know who it was for

https://www.youtube.com/watch?v=1UG31mpUnOg

I will see you all in 2025. God bless you all.

Sebastian

@ fd208ee8:0fd927c1

(Please note that this is not official financial or business advice, but rather a description of something we have done, on an informal basis.)

A long, long time ago

It's been nearly a year, since nostr:nprofile1qydhwumn8ghj7argv4nx7un9wd6zumn0wd68yvfwvdhk6tcpypmhxue69uhkummnw3ezuetfde6kuer6wasku7nfvuh8xurpvdjj7qpqs3ht77dq4zqnya8vjun5jp3p44pr794ru36d0ltxu65chljw8xjqv5atj2 came into being, mostly as a lark, involving a couple of members of our private chat group. Our initial plan was to work toward bounties, but Nostr bounties are a bit of a biased, uncertain thing, and our enthusiasm for that quickly waned.

So, what to do? Here we are, we three (nostr:npub1ecdlntvjzexlyfale2egzvvncc8tgqsaxkl5hw7xlgjv2cxs705s9qs735, nostr:npub1wqfzz2p880wq0tumuae9lfwyhs8uz35xd0kr34zrvrwyh3kvrzuskcqsyn, and I): IT professionals with little time, but plenty of intellectual energy, a Slack chat, a GitHub repo, and lots of frustration with the Nostr status quo.

We were, you see, Nostr end-users. We loved the idea of the protocol, but we were being regularly stymied by the poor quality of many implementations.

• Why can I not login? Oh, they fixed the login! Nope, still can't login.
• If I press this button, it says it sent, but it didn't send. Where note?
• They announced a new feature, but I tried it and it didn't work. Oh well.
• I noticed a bug in the client, reported it, and the issue is just rotting away in the project repo. Ignored.
• The website/relay/repo was here... yesterday. Today it has disappeared, and taken my zaps with it.

It was enough to make us want to tear our hair out. We decided that what Nostr needed... what it really needed... was a Nostr Stable Version. Nothing glamorous. Nothing exotic. Nothing busy or excitable. Just something that stayed where you initially found it, ran, and actually worked. Something where you could report a bug and receive a prompt response. Maybe even something, where you could pay a reasonable fee and be allowed to have expectations of some particular service being returned. And who better to build such a version, than people who want to use it, themselves?

Things working is an underrated concept

I know that the very idea of software running as expected and websites not appearing and disappearing suddenly, based upon what some particular developer had for lunch, tends to be met with little but scorn, from hardened, seasoned Nostriches (who are convinced that bugs are all features), but I think the majority of potential users would see it differently.

I'm with the majority, on this one.

I like to click "save" buttons and have them save. If I publish something, I want it to appear under my list of published somethings. I like to type in the website address I always type in, and have it magically appear on my screen, as if there were a little man sitting at controls in my laptop, just waiting for me to write H-T-T-P-S... and then jump to attention.

My unreasonable expectations have no bounds, it is true. But unreasonable people are also people, so we would also like to have our own unreasonable things to play with. Scorn away. My save button will save, and my published something will publish, and my website will load every damn time, just to spite you.

In the larger scheme of things, you see, we win even if we fail, if we at least increase the competition enough, that things working becomes the new standard. We can simply prove, definitively, that it is possible for Nostr things to work, if they are built by people who care if they work. If we also have fun together, learn something new, and come up with some cool, novel use cases, then that's pure profit.

We can only win, at this endeavor.

Where to start?

Name that brand

So, we had a team, we had a business idea, and we had a heck of a lot of motivation. What we didn't have, is a name. (Never underestimate the importance of naming things.)

We decided to name ourselves "GitCitadel" because "git" sounds techy, hints at our GitRepublic project, and is reminiscent of open-source development, and "citadel" reminds us of Bitcoin. The republic is at home in the citadel, naturally. All other products also live in the same citadel, hence the naming-convention of prefacing everything with "GC" (i.e. "GC Alexandria", "GC Sybil", "GC Aedile", etc.).

Brand yourself

The next thing we did, was rent a domain and run a webserver on it. This is an important step because it gives you an Internet presence, allows you to have company NIP-05 and email addresses (a form of promotion), and it's simply exciting to have one. Feels so much more "official" and it helps increase the name-recognition of your company.

Define yourself

We then sat down, together, over the Internet, and figured out who we are. Not who we individually are, but who we are, as a company. A company, after all, (according to the Cambridge Dictionary) is "an organization that produces or sells goods or services in order to make a profit". Now, a company's profits don't have to be monetary, but they should be something tangible. A company, in other words, is a team of people working toward some defined goal.

What is our goal? Well, we decided to think it over, sat down with the newer additions to the company (you can see who they are, on our project wiki page, and came up with a Vision and a Mission:

The vision is what the overall goals of the company are, whereas the mission describes how those goals shall be achieved. Now, this is a sort of lofty, abstract statement, so it was important that we posted it someplace publicly (to keep ourselves accountable) and look at it regularly, so that we can ponder it and realign whatever we are currently working on, with this statement. We know the statement is well-designed, if considering it helps us make decisions about what to do next.

Pay yourselves

(I'm going to switch from "we" to "you", here, as it's easier to write this part, but let's just pretend I didn't.)

The next thing on the list, is to arrange the finances, usually by setting up a Geyserfund, with an associated wallet, and then deciding how the funds from the wallet will be dispersed or stored. (I won't tell you how we are handling that, as that's internal company business, but I'm sure you'll think of something clever, yourselves. Or just google it.)

I would encourage you to arrange to pay yourselves profits. Not merely because your idea is going to make you all fabulously wealthy and internationally famous (although, that is obviously true), but because profits are the most pure form of communication that consumers in the market have with its producers, and one of the best ways to make decisions and measure increases in efficiency (increasing profits and/or output, while keeping prices steady or falling).

Cutting off this signal, in order to look pious to outsiders, is to shoot yourself in your free-market foot. Nobody says that you have to spend your profits on the proverbial lambo and a bimbo. You could donate them to charity, reinvest them, or store them for your nephews to inherit, but pay them out, you should. You don't have to love money, to value it as a tool and use it shrewdly. Money is a measure, and companies should regularly measure themselves: against their previous state, against their potential state, and against their competition.

(Also, you can use money to buy a lambo and a bimbo, but you didn't hear that from me.)

Organize yourselves

Once you've been working together, for a while, you'll find that you need to figure out how to organize yourselves. The first step is to...

Form a board of directors.

Stop laughing. I'm serious.

Any company has at least two roles (President and Secretary), ideally held by two different people, so any single-proprietor company is a man down. Find a different person, to be your Second, even if they're just your confident, who lets you cry on your shoulder on The Bad Days, when your code refuses to compile, and can tell people that you've become a Bitcoin millionaire and have gone on a sabbatical to hike the Himalayas and will be back in 3 months on The Very Good Days. Because business man was not meant to be alone.

If, like us, you're a small herd of people and have already been working together for a while, then this step is actually really, really fun. Just think about what people are already doing, and put a label on it. That role is now defined and it is clear who is in charge of what.

Scientists become "Chief Science Officer" or "Scientific Advisor". The person who always writes the okay, so this is what we've decided comment in the thread becomes the Secretary, the one managing the Lightning wallet and worrying over paying for the servers is the CFO, the person running the remote server becomes the CTO, and so on and etc.

And everyone knows who the CEO is. Everyone always knows. They do. Just write it down.

Agree how to disagree

Now, have the secretary write up a Member's Agreement. It's a contract between the members, about whatever the group thinks is important concerning the way the company will operate. According to Investopedia, common topics are:

Is this legally binding? Probably not. Maybe. I don't know and wouldn't tell you, even if I did. But it's emotionally binding, which is arguably more important.

Writing things down is an advanced form of naming things and it provides clarity, helps to manage expectations, and allows you to define a working agreement before Real Money shows up and taints your interaction. You're just accepting tips, at the moment. Everyone is calm and cheerful, so now is your best time to negotiate.

Keep it very simple and only address the most basic things. If you wish to incorporate, at a later date, then you just take this to a registered agent, or other experienced person, and have them tidy up any loose ends and add the fine print.

Go forth, together

This has probably taken you weeks, or even months, but you're now a company. Get a logo and a company npub, start dropping the company name into your notes, and get on with the business of being in business.

@ 07907690:d4e015f6

PGP (Pretty Good Privacy) adalah protokol enkripsi yang digunakan untuk memastikan kerahasiaan, integritas, dan otentikasi data dalam komunikasi digital. Diciptakan oleh Phil Zimmermann pada tahun 1991, PGP menggunakan kombinasi teknik kriptografi asimetris (kunci publik dan kunci privat) serta simetris untuk melindungi informasi. Berikut adalah berbagai kegunaan PGP:

Mengamankan Email (Enkripsi dan Dekripsi)

• Kegunaan: Melindungi isi email agar hanya penerima yang memiliki kunci privat yang benar yang dapat membacanya.

• Cara Kerja:

• Pengirim mengenkripsi email menggunakan kunci publik penerima.

• Hanya penerima yang memiliki kunci privat yang dapat mendekripsi dan membaca email tersebut.

• Contoh: Jurnalis yang berkomunikasi dengan informan atau organisasi yang mengirim data sensitif dapat menggunakan PGP untuk melindungi komunikasi mereka dari penyusup.

Tanda Tangan Digital (Digital Signature)

• Kegunaan: Memastikan keaslian dan integritas pesan atau dokumen, memastikan bahwa pesan tidak diubah dan benar-benar berasal dari pengirim yang sah.

• Cara Kerja:

• Pengirim membuat tanda tangan digital menggunakan kunci privatnya.

• Penerima dapat memverifikasi tanda tangan tersebut menggunakan kunci publik pengirim.

• Contoh: Digunakan untuk memverifikasi keaslian dokumen hukum, email penting, atau perangkat lunak yang diunduh.

Melindungi File dan Dokumen

• Kegunaan: Mengenkripsi file sensitif agar hanya orang yang memiliki kunci dekripsi yang benar yang dapat membukanya.

• Cara Kerja: File dienkripsi menggunakan kunci publik penerima, dan penerima menggunakan kunci privatnya untuk mendekripsinya.

• Contoh: Perusahaan dapat menggunakan PGP untuk mengenkripsi laporan keuangan, data pelanggan, atau informasi penting lainnya sebelum membagikannya.

Mengamankan Backup Data

• Kegunaan: Mengenkripsi cadangan data penting untuk melindunginya dari akses yang tidak sah.

• Cara Kerja: File backup dienkripsi dengan PGP sebelum disimpan, sehingga meskipun backup dicuri, data tetap aman.

• Contoh: Organisasi menyimpan cadangan data klien di server eksternal yang dienkripsi dengan PGP untuk mencegah kebocoran data.

Perlindungan Identitas dan Anonimitas

• Kegunaan: Melindungi identitas pengirim dan penerima dalam komunikasi online.

• Cara Kerja: Penggunaan enkripsi end-to-end menjamin bahwa hanya pihak yang berwenang yang dapat membaca pesan.

• Contoh: Aktivis atau peneliti yang bekerja di negara dengan pengawasan ketat dapat menggunakan PGP untuk melindungi komunikasi mereka.

Memverifikasi Integritas Perangkat Lunak

• Kegunaan: Memastikan bahwa perangkat lunak atau paket yang diunduh berasal dari sumber yang terpercaya dan tidak dimodifikasi oleh pihak ketiga.

• Cara Kerja: Pengembang menandatangani perangkat lunak menggunakan kunci privat mereka, dan pengguna dapat memverifikasi tanda tangan menggunakan kunci publik yang disediakan.

• Contoh: Distribusi Linux atau aplikasi open-source sering kali menyertakan tanda tangan PGP untuk memverifikasi keasliannya.

Komunikasi di Forum atau Jaringan Terdistribusi

• Kegunaan: Memastikan privasi komunikasi di platform terdesentralisasi atau anonim.

• Cara Kerja: Pesan dienkripsi sebelum dikirim dan hanya dapat didekripsi oleh penerima yang sah.

• Contoh: Pengguna di forum yang membahas topik sensitif dapat menggunakan PGP untuk melindungi identitas mereka.

---

Mengapa PGP Penting?

• Keamanan yang Kuat: Kombinasi kriptografi asimetris dan simetris membuat PGP sangat sulit ditembus oleh peretas.

-Privasi: Menjaga komunikasi Anda tetap aman dan pribadi dari penyadapan atau pengawasan.

• Integritas: Memastikan bahwa pesan atau data yang dikirim tidak diubah selama transmisi.

• Otentikasi: Membuktikan identitas pengirim melalui tanda tangan digital.

---

Kelebihan PGP

• Sangat Aman: Jika digunakan dengan benar, PGP menawarkan tingkat keamanan yang sangat tinggi.

• Terbuka: Banyak digunakan di kalangan profesional dan komunitas open-source.

• Fleksibel: Dapat digunakan untuk berbagai keperluan, mulai dari komunikasi email hingga penyimpanan data.

Kekurangan PGP

• Kompleks untuk Pemula: Relatif sulit digunakan oleh pengguna awam.

• Pengelolaan Kunci yang Rumit: Memerlukan pengelolaan kunci publik/privat yang benar.

• Tidak Ada Pemulihan Data: Jika kunci privat hilang, data yang dienkripsi tidak dapat dipulihkan.

---

PGP adalah alat yang sangat berguna untuk memastikan keamanan dan privasi dalam komunikasi dan data. Dengan meningkatnya risiko kejahatan siber, penggunaan PGP menjadi semakin penting, terutama di sektor yang menangani data sensitif.

@ 472f440f:5669301e

There was a bit of a rally in stock markets today, but this was a relief rally after taking a beating throughout the week. All eyes were on Federal Reserve Chairman Jerome Powell as he took the stage on Wednesday to announce the decisions made at the most recent FOMC meeting.

The market reacted negatively to another 0.25% cut from the Federal Reserve that many considered a "hawkish cut" due to the fact that Chairman Powell articulated that it is likely that there will be less rate cuts in 2025 than were previously expected. This is likely driven by the fact that inflation, as reported by the terribly inaccurate CPI, has been coming in higher than expectations. Signaling that the Fed does not, in fact, have inflation under control. Who could have seen that coming?

Here's how the US 10Y Treasury yield reacted to the announcement:

"Not great Bob!" The US 10Y Treasury yield is something that everyone should be paying attention to over the course of the next year. Since the Fed started cutting rates in September of this year, the 10Y yield has been acting anomalously compared to how it has acted historically after Fed interest rate decisions. Since September, the market has been calling the Fed's bluff on inflation and rates have been moving in the opposite direction compared to what would be expected if the Fed had things under control. The "hawkish cut" made on Wednesday is not a great sign. The Fed is being forced to recognize that it cut "too much too fast" before actually getting inflation under control.

One has to wonder why they made such aggressive moves in September. Why the need for a much more dovish stance as quickly as they moved? Do they see something behind the scenes of the banking system that makes them believe that another liquidity crisis was on the horizon and they needed to act to prevent yet another banking crisis? Now that it is clear that inflation isn't under control and if there really was a liquidity crisis on the horizon, what are the first two quarters of 2025 going to look like? Could we find ourselves in a situation where inflation is beginning to accelerate again, there is a liquidity crisis, and the Fed is forced to rush back ZIRP and QE only to further exacerbate inflation? Couple this potential scenario with the proposed economic policy from the incoming Trump administration and it isn't hard to see that we could be in for a period of economic pain.

One can only hope that the Fed and the incoming administration have the intestinal fortitude to let the market correct appropriately, reprice, clear out the bad assets and credit that exists in the system and let the cleanse happen relatively unperturbed. That has what has been desperately needed since 2008, arguably longer.

On that note, bitcoin is going through a bull market correction this week as well. Likely incited and/or exacerbated by the turmoil in traditional markets.

Many are proclaiming that the end of this bull market is here. Don't listen to those who have been hate tweeting bitcoin all the way up this year. They've been looking for a correction to bask in schadenfreude and confirm their biases. These types of corrections are to be expected when bitcoin runs by checks notes 100% over the course of less than three months. We're approaching the end of the year, which means that people are selling to prepare for taxes (which may be happening in the stock market as well). Add to this fact that long-term holders of bitcoin have taken the most profit they have since 2018 and it probably explains the recent pull back. Can't blame the long-term holders for seeing six-figure bitcoin and deciding to bolster their cash balances.

I couldn't be more bullish on bitcoin than I am right now. The fundamentals surrounding the market couldn't be more perfect. Despite what the Trump administration may have in store for us in terms of economic policy (I agree with most of the policies he has presented), I find it hard to believe that even he and the talented team of people he has surrounded himself with can overcome the momentum of the problems that have been building up in the system for the last 16-years.

The "find safety in sats" trade is going mainstream as the market becomes more familiar with bitcoin, its properties, and the fact that it is very unlikely that it is going to die. The fervor around bitcoin as a strategic reserve asset for nation states is only picking up. And if it catches on, we will enter territory for bitcoin that was considered utterly insane only a year ago.

On that note, Nic Carter made some buzz today with a piece he wrote for Bitcoin Magazine explaining why he believes a strategic bitcoin reserve is a bad idea for the US government.

https://bitcoinmagazine.com/politics/i-dont-support-a-strategic-bitcoin-reserve-and-neither-should-you

While I agree that the signal the US government could send by acquiring a bitcoin strategic reserve could be bad for the US treasuries market, I think it comes down to strategy. The Trump administration will have to think strategically about how they acquire their Strategic Bitcoin Reserve. If they ape in, it could send the wrong message and cause everyone to dump their treasuries, which are the most popular form of collateral in the global financial system. However, there are ways to acquire bitcoin slowly but surely from here into the future that ensure that the United States gets proper exposure to the asset to protect itself from the out-of-control debt problem while also providing itself with a way out of the problem. Many of these potential strategies were discussed in two recent episodes I recorded. One with Matthew Pines from the Bitcoin Policy Institute and another with Matthew Mežinskis from Porkopolis Economics. I highly recommend you all check those out (linked below).

https://youtu.be/xyyeEqFVjBY

https://youtu.be/6vgesP9LIXk

.---

Final thought...

I am the most locked in from a focus perspective while on flights. Even with two kids under 5. Merry Christmas, Freaks!

@ cc448f8b:a1ad47db

A Website Hosted on NOSTR?

The Nostr landscape is changing every day. https://npub.pro came across my radar and clearly it cannot work well, basically a website hosted almost entirely on Nostr relays. I was wrong!

I'll be honest that at first, things did not go well. I posted several issues on https://github.com/nostrband/nostrsite and within a very short time the problems were addressed. Right now it is working so much better. While there is always room for improvement, it is incredibly easy to create a website.

I've invited podcaster/blogger friends to give it a try and most now have a working website in such short time.

Quick Start

• Visit https://npub.pro
• Login
• Select a theme.
• Make some settings adjustments (icon, backdrops, colors, etc)
• Press the Publish button and that's it!

Here's where it gets interesting, there is no cms backend for your posts. Instead, use any Nostr client to create your website post. Here's a small list of popular clients: https://nostr.com/clients.

Tips

The site previews work best if you already have content on Nostr.

I would start out with all content, no filtering. Once you finalize your theme choice add filters because you may not want all your Nostr posts to be visible on the website. For example if you have a DIY blog, add the #DIY hashtag to all the posts you want to see on the website and set your filter to only show posts tagged #DIY. No-one wants to see your #coffeechain posts on your DIY blog, LOL.

What I Like Most

• Automagic RSS Feed
• Looks great on mobile devices
• No database, no CMS, no server maintenance
• Plenty of themes
• Beautiful OG/Twitter sharing
• Built in likes, zap and share plugin
• Theme customization for those that know how to
• Ability to add contributors without creating accounts or managing user databases
• Ability to filter Nostr notes via tags or format (long/short notes)
• Use free subdomain or use your own custom domain
• Fully working site comments with zero effort

What I Dislike

• Not a problem for me but some probably won't like un-moderated site comments
• Not all CSS is manipulable, or example, some CSS is loaded after the custom css like the Zap/share dialogs (perhaps this is a theme specific issue)(also most creators probably won't use custom css/js code)

Website Examples Created By Others Using https://npub.pro

• Sport news - https://gsc.npub.pro/
• Podcast - https://directordetour.npub.pro/
• Someones personal blog - https://marc26z.npub.pro/
• Custom domain + custom CSS styling - https://news.pivx.org
• My test website with custom CSS - https://palmtree.npub.pro

Conclusion

I would 100% recommend Npub.pro to anyone who wants a website. It should take the average person under 30 minutes to get a fully functioning website. If your familiar with the admin interface, you could probably spin up a new website in under 5 minutes.

@ df8f0a64:057d87a5

書き散らす動機

残暑続きからの急な気温低下で鼻炎がひどくなる今日この頃、皆様お元気でしょうか

株主への抗議のために退職してから2ヶ月半、流石に暇を持て余してきました 時間がある上に能動的に働く気も起きず、ひたすらボーッとしたりうねうね考え事をする日々です 幸いにして人生も折り返しにさしかかる頃になり、時折「今、人生が終わって構わないのでは？」というようなことも考えたりします （鬱病既往歴ありますが私は元気です）

子どものお迎えを終えて、いつもどおり夕食をとり、またうねうねしているうちに ふと、6年前の年末に急死された、仕事でお世話になったTさんのことを思い出しました

子を寝かしつけてもまだ頭の中をぐるぐるしていたので、ここに吐き出してすっきりしようという魂胆です

Tさんとの出会い

私のキャリアの（ほぼ）スタートはVC（ベンチャーキャピタル）でした 誰のせいでもないとある経緯もあり、周囲からは警戒され避けられ、わずか6年ではありますが、 インナーサークルに入り込めない時期を過ごし、当時の上司と二人、とにかくやれることをやり続ける毎日でした

いつものようにピッチイベントに参加しているとき、近くの席にいたスーツ姿の3人組と目が一瞬合います

「事業会社の人だ」

協調投資やファンド出資のきっかけを掴むべく、その3人に話かけます

「よろしければ弊社投資先のご紹介や御社の...」

ひととおりの挨拶を済ませ、この人たちにも避けられるんだろうと思いながらも要件を切り出します

「是非やりましょう」

いつもとは違う嬉しい返事をくれたのがTさんでした

面倒見の良い他社の先輩

そのときの3人組であるMさん・Iさん・Tさんには、私の仕事人生の中で最もお世話になったと言っても過言ではありません

ファンドの営業を受けていただき、協調投資を行い、VCからの転職後にも協業相手として他部署のキーマンをご紹介いただき...

社会人になったばかりの私の、今思い返せば恥ずかしい（部下がこんな提案したら卒倒する）レベルの提案を、 誰もが知る一流企業の多忙な役職持ちであるにも関わらず、毎回一時間も割いて丁寧に対応してくださる心の広い方でした

当時、VCと接点をもつような事業会社の対スタートアップ部隊は、本業でご活躍されている方が兼任で取り組むパターンが多く、Mさん・Iさん・Tさんももちろんそう

その後も昇進され、最後には本社の取締役に。今年遂に退任され、所謂「あがり」でしょうか、子会社の取締役に異動 長い社会人人生をほぼ走りきり、有終の美を飾ろうとする時期にさしかかっています

でもTさんはそこにはいません

残される側

冒頭触れたとおり、Tさんは6年前のこの時期に急死されました 死因については、Tさんのご友人がFBに投稿していた文章を読んでも、Iさんに聞いてもわからない

悲しいかな、四十年近く生きていると、死因が明かされない理由がわかるようになる機会が一度や二度はあります Tさんもおそらくそうだったのでしょう

直前まで、Iさんと一緒にベイエリアに出張され、楽しそうなコメントと共に写真を投稿されていたのに 晩婚なのか再婚なのか、とにかくご結婚されて一年ちょっと。お子様も生まれたばかりだったのに Tさんは近い人間に心中を隠して、静かにこの世を去りました

あなたの快い返事に、どれほど私が救われたのか 転職後の提案のとき、受付で顔を出してすぐ「元気？」と声をかけてくださったことがどれほど私を安心させてくれたか あなたが声をかけてくれる度、私の社会人としての成果が生まれたことに、私は十分に感謝を伝えられていません

まだしばらく残る理由

振り返って、Tさんのように誰かの人生をenhanceできたのか？と自分に問うと、まだできたとは思えません。残念ですが

今ここで死んでも私は構わないけど、まだもうちょっと頑張るべきかな、老いてから誰かに感謝をしてもらうまで生きてみてもいいかな

そうふと思い直しているうちに日付が変わりました

@ ece127e2:745bab9c

Un lugar ominoso ,un hoyo de conejo espiralado en el cual cada ser que aparece es más oscuro que el otro. Un bosque de ramas secas que es mejor evitar ;si te tocan te secaran ,te extraerán luz hasta convertirte en uno de ellos . Árboles más altos tapan la luz que alimenta al suelo ,y éste se cubre de podredumbre.Esa miasma se te pega en los pies ,te atrapa ..te impide caminar y te hundes hasta no poder respirar.

@ ec9bd746:df11a9d0

It's intriguing to me how beer prices have changed since 1999. Today, you can buy Braník on sale for 9.90 Kč, so for 100 Kč you get 10 beers. 25 years ago, you'd get 13.5 beers for the same amount. What does that tell us?

• The cost of labor and services has gone up a lot, but people are willing to pay and even expect a certain level of quality. There are way fewer run-down pubs than before.

• Production has become much more efficient, so considering inflation and purchasing power, bottled beer is actually cheaper now than it used to be.

In 1995, about 30 years ago, bottled and draft beer cost almost the same—around 7 Kč. (Source in Czech)

So what's the takeaway?

1. A wealthy society can afford much pricier services.

2. Prices of basic groceries and fast-moving goods are squeezed to the bone. The best way to gauge real inflation is at the supermarket, where there's no room for messing with margins, stock levels, seasonality, etc. Everything moves fast, competition is huge, and big retailers are relentless.

Real estate is pricey due to artificial (or bureaucracy-induced) shortages, but meat, milk, beer, bread, etc., are operating on razor-thin profits. That's why they react so quickly—see point 2.

@ 3bf0c63f:aefa459d

Anglicismos estúpidos no português contemporâneo

Palavras e expressões que ninguém deveria usar porque não têm o sentido que as pessoas acham que têm, são apenas aportuguesamentos de palavras inglesas que por nuances da história têm um sentido ligeiramente diferente em inglês.

Cada erro é acompanhado também de uma sugestão de como corrigi-lo.

Palavras que existem em português com sentido diferente

• submissão (de trabalhos): envio, apresentação
• disrupção: perturbação
• assumir: considerar, pressupor, presumir
• realizar: perceber
• endereçar: tratar de
• suporte (ao cliente): atendimento
• suportar (uma idéia, um projeto): apoiar, financiar
• suportar (uma função, recurso, característica): oferecer, ser compatível com
• literacia: instrução, alfabetização
• convoluto: complicado.
• acurácia: precisão.
• resiliência: resistência.

Aportuguesamentos desnecessários

• estartar: iniciar, começar
• treidar: negociar, especular

Expressões

• "não é sobre...": "não se trata de..."

---

Ver também

• Algumas expressões e ditados excelentes da língua portuguesa, e outras não tão excelentes assim

@ 3bf0c63f:aefa459d

How to do curation and businesses on Nostr

Suppose you want to start a Nostr business.

You might be tempted to make a closed platform that reuses Nostr identities and grabs (some) content from the external Nostr network, only to imprison it inside your thing -- and then you're going to run an amazing AI-powered algorithm on that content and "surface" only the best stuff and people will flock to your app.

This will be specially good if you're going after one of the many unexplored niches of Nostr in which reading immediately from people you know doesn't work as you generally want to discover new things from the outer world, such as:

• food recipe sharing;
• sharing of long articles about varying topics;
• markets for used goods;
• freelancer work and job offers;
• specific in-game lobbies and matchmaking;
• directories of accredited professionals;
• sharing of original music, drawings and other artistic creations;
• restaurant recommendations
• and so on.

But that is not the correct approach and damages the freedom and interoperability of Nostr, posing a centralization threat to the protocol. Even if it "works" and your business is incredibly successful it will just enshrine you as the head of a platform that controls users and thus is prone to all the bad things that happen to all these platforms. Your company will start to display ads and shape the public discourse, you'll need a big legal team, the FBI will talk to you, advertisers will play a big role and so on.

If you are interested in Nostr today that must be because you appreciate the fact that it is not owned by any companies, so it's safe to assume you don't want to be that company that owns it. So what should you do instead? Here's an idea in two steps:

1. Write a Nostr client tailored to the niche you want to cover

If it's a music sharing thing, then the client will have a way to play the audio and so on; if it's a restaurant sharing it will have maps with the locations of the restaurants or whatever, you get the idea. Hopefully there will be a NIP or a NUD specifying how to create and interact with events relating to this niche, or you will write or contribute with the creation of one, because without interoperability this can't be Nostr.

The client should work independently of any special backend requirements and ideally be open-source. It should have a way for users to configure to which relays they want to connect to see "global" content -- i.e., they might want to connect to wss://nostr.chrysalisrecords.com/ to see only the latest music releases accredited by that label or to wss://nostr.indiemusic.com/ to get music from independent producers from that community.

1. Run a relay that does all the magic

This is where your value-adding capabilities come into play: if you have that magic sauce you should be able to apply it here. Your service -- let's call it wss://magicsaucemusic.com/ -- will charge people or do some KYM (know your music) validation or use some very advanced AI sorcery to filter out the spam and the garbage and display the best content to your users who will request the global feed from it (["REQ", "_", {}]), and this will cause people to want to publish to your relay while others will want to read from it.

You set your relay as the default option in the client and let things happen. Your relay is like your "website" and people are free to connect to it or not. You don't own the network, you're just competing against other websites on a leveled playing field, so you're not responsible for it. Users get seamless browsing across multiple websites, unified identities, a unified interface (that could be different in a different client) and social interaction capabilities that work in the same way for all, and they do not depend on you, therefore they're more likely to trust you.

---

Does this centralize the network still? But this a simple and easy way to go about the matter and scales well in all aspects.

Besides allowing users to connect to specific relays for getting a feed of curated content, such clients should also do all kinds of "social" (i.e. following, commenting etc) activities (if they choose to do that) using the outbox model -- i.e. if I find a musician I like under wss://magicsaucemusic.com and I decide to follow them I should keep getting updates from them even if they get banned from that relay and start publishing on wss://nos.lol or wss://relay.damus.io or whatever relay that doesn't even know anything about music.

The hardcoded defaults and manual typing of relay URLs can be annoying. But I think it works well at the current stage of Nostr development. Soon, though, we can create events that recommend other relays or share relay lists specific to each kind of activity so users can get in-app suggestions of relays their friends are using to get their music from and so on. That kind of stuff can go a long way.

@ fd208ee8:0fd927c1

Why waste time, looking at other people's stuff?

I get this question a lot, on Nostr, and it feeds immediately back to the next question: Why don't you just build your own client, if you're so smart?

This was a completely new question for me, as I'm used to collaborating with at least one other person, even when doing FOSS stuff. (No, this isn't my first such project; we just used to call it "volunteering" and "sharing the code", which sounds way less glamorous.) It never occurred to me, that a habit of collaboration and interaction was some sign of my ignorance and incompetence, or somehow proof that I can't vomit up "Hello World!" in 5 different programming languages.

I also made the deadly political mistake, when I entered the Nostrsphere, of refusing to call myself a "dev". For me, "dev" is a special title, given to someone doing a specific type of programming (fiddling with GUIs, mostly, which I've only done occasionally, as a sub), whereas the types I've done are "test automation", "development operations", "database management and data curation", "requirements engineering", and "application administration". Because it's so much easier to find someone interested in building a GUI, rather than building AnythingElse, I tend to slide into AnythingElse and it eventually became my professional specialty to be the Girl Friday of every project.

But, in Nostr, there is no AnythingElse category. There are only (GUI) client devs and AllOfTheIdiotsWhoMustBowDownToTheDevs. Which merely doubled my instinct to distance myself from the term. I do not want to join some cargo cult and be pedestalized and regarded as some sort of superhuman everyone owes fealty to, in return for raining GUI presents down on my loyal subjects.

Software engineers are simply people who are skilled craftsman, not gods, and it is fair to point out that some are more skilled than others. It is also completely fair to criticize their products, report bugs, and wonder aloud at endemic low-quality.

Which brings me back to the initial question:

What does the inquisitive dev know, that the others don't?

1) You learn an awful lot about an awful lot, by looking at specs, reviewing code, and trying out various implementations of concepts you are already familiar with. There are, in fact, n number of use cases for every event type, and I've seen so many of them, that I can conjure them up, or invent new ones, on the fly, rather than wasting time inventing similar events. 2) They don't have to explain their concept to you, later, when you interact. Each interaction brings you closer to parallel-levels of knowledge, which raises the signal-strength of the interaction, and widens your own knowledge base, for interacting with third parties. 3) You are increasingly-likely to contribute code or perform some other more-advanced task, for other people, as you don't face the hurdle of adjusting to a new repo or unfamiliar language, while being less-likely to merely fork-and-ignore because you have a standing business relationship with the other developer. 4) If the other dev stops maintaining the repo, you'll be inclined to continue on your own. You may even eventually receive administrative access, rather than needing to fork, as they trust you with their stuff. This means that the risk of the repo becoming abandoned falls, with each active dev snooping around it, even if that is not their primary project. 5) It helps you determine who to focus your energy on interacting with, further. Is this person new to software development, perhaps, but has some interesting transfer-knowledge from some other branch, that has resulted in a surprisingly novel concept? Is this person able to write very clean code, so that merely reading their code feels like mental training for your own craftsman's toolbox?

...and many more reasons, but this is getting too long, so, let's just cut to the chase.

What does a craftswoman want?

But, this still doesn't answer the question of my private motivation. Why do I want to gather all of this knowledge, from those further ahead, than I?

I think Nostr has long moved past the initial stage, where mere speed was of the essence, so that one npub could finally post a note and have it appear on the other npubs' client. That must have felt like a miracle, but it increasingly feels like a disaster, as the steadily-rising complexity of the Nostr ecosystem causes haphazardly-structured and largely-unexamined code bases to begin to atrophy, or result in developers running around at an exhausting speed, with their bug-extinguishers, to put out fire after fire.

I think the time has arrived, for a different kind of development. Maybe even for a different kind of developer. Not replacing the experimentalism that made Nostr fun, but adding the realm of production-quality software engineering. The sort of software development that requires relay administration, testing, support... collaboration, interaction, maybe even someone who does AnythingElse.

I want to build useful, elegant products people enjoy using and feel comfortable relying on. I want them to use them, naturally and happily, to accomplish tasks they consider worthwhile. I don't want them thinking about me, while they use it. The craftswoman should never be greater than her work.

I want them to feel free -- nay, be eager! -- to give me both positive and negative feedback. My assumption is always that our production is imperfect because we are imperfect, so you do us a favor, by pointing out where we can improve. That's why we wish to integrate a feedback form that produces ngit issue events, putting your questions and comments straight on our board.

And there will be an AnythingElse person, reading that board, and responding promptly, rest assured.

@ 3bf0c63f:aefa459d

Nostr: a quick introduction, attempt #2

Nostr doesn't subscribe to any ideals of "free speech" as these belong to the realm of politics and assume a big powerful government that enforces a common ruleupon everybody else.

Nostr instead is much simpler, it simply says that servers are private property and establishes a generalized framework for people to connect to all these servers, creating a true free market in the process. In other words, Nostr is the public road that each market participant can use to build their own store or visit others and use their services.

(Of course a road is never truly public, in normal cases it's ran by the government, in this case it relies upon the previous existence of the internet with all its quirks and chaos plus a hand of government control, but none of that matters for this explanation).

More concretely speaking, Nostr is just a set of definitions of the formats of the data that can be passed between participants and their expected order, i.e. messages between clients (i.e. the program that runs on a user computer) and relays (i.e. the program that runs on a publicly accessible computer, a "server", generally with a domain-name associated) over a type of TCP connection (WebSocket) with cryptographic signatures. This is what is called a "protocol" in this context, and upon that simple base multiple kinds of sub-protocols can be added, like a protocol for "public-square style microblogging", "semi-closed group chat" or, I don't know, "recipe sharing and feedback".

@ 96417ed9:66b02a55

Image this.

You are scrolling through your favorite social media. It’s probably been 10 minutes Scroll. Like. Repeat. Scroll. Like. Repeat. And so on and on and on.

Does it sound familiar to you? How many times did you find yourself in this situations? Most importantly, how much attention did you pay to the hundreds of posts that you liked? What can you actually remember?

---

Attention and likes

Recently, I took a communication class. I was very surprised when the teacher told me that the average attention span is around 7 seconds! This means that when you are looking at something or talking to someone, you are actually paying attention for the first 7 seconds. After that, something else has already captured your mind. And it's actually getting worse and worse. Why is that, you might wonder? Yeah, you got it right, social media.

The infinite amount of content that you can consume on social media continuously steals your attention. Thus, when you are looking to a post, your focus is already on the next piece of information, and on the one after and so on indefinetly. Finally, when you decide to leave a like to the first post, you are not actually remembering what you were looking at.

In this context, likes moved from being an appreciation for someone else's work to a simple mechanism that feeds the social media algorithm. From a measure of the value provided by a creator, they became an empty number. Liking a post is no more action, but a mere unconscious reflex. A like is something free, something that you can leave without any conscious effort, to anyone, to anything. Even to something that you actually do not like.

In the last years, likes stopped being a measure of value provided.

And then, zaps came.

Zaps and the value 4 value revolution

Since I am publishing this article on Nostr, I expect most of the reader to know what a zap is. However, for the nebies whom may come across my random thought, here is a brief explaination.

Zaps are a simple way to communicate appreciation. Whenever you like a photo, a thought, a video, you can zap the creator. Exactly as a like, you might say. But here is the deal. When you zap someone, you are actually sending them some amount of money! And not a simple type of money, but the scarcest type of money on earth: Bitcoin! Basically, if a creator provides value to a user the user can award the creator with some monetary value. Nowadays, this concept is quite common and known as value4value (v4v for short).

This is a revolution. Anyone can provide value. Thus, everybody should be able to earn value if something of value is provided , not only some super influencer with sponsors and affiliate programs

Zaps from the user perspective

I started this article by talking about attention, and how there is such a huge competition for it that no one is actually able to focus on something anymore. How does it connect to zaps?

Zaps allow users to regain their lost attention. Since zaps provide real monetary value to a creator, a user has to be 100% on focus on what he is reading or watching: "Is this picture/video/post providing me value?". You do not want to separate from you hard-earned sats for something useless. Unlike likes, zaps are not free. When you zap someone, it means that you have actually paid attention to the post and you are actually acting to signal your appreciation.

Zaps from the creator perspective

I am an amateur photographer. I love going around places and took hundreds of photos at everyhting that catches my curiosity. I posted more than a hundred pictures on Instagram and received even a decent amount of likes. However, I eventually started to wonder if likes came from a genuine appreciation of my work, or only from the aforementioned mechanical reflex.

This does not happen on Nostr. Whenever I am zapped, I instantly know that the appreciation is real. My God, someone really spent some time looking at my photos and decided to give me some real monetary value for that! I really provided value to someone! This is truly exciting.

The realization of this fact has been one of those "ah-ah" moments. Why should I spent my time posting pictures on a social media just to get likes, when someone can send me a chunk of the best money ever created?

And why should you?

@ 623ed218:fa549249

It's been a week or so since I wrote this piece and put it up on my website, but I realized I hadn't shared it here yet. Hoping it's informative!

Strike Bill Pay: A Deep Dive

Start With the Foundation: Bitcoin is Savings Technology

If you've spent any time in this space, you've probably heard the phrase: Bitcoin is savings technology. That's because Bitcoin solves a very specific problem---the inability of fiat to hold value over time.

Here's the reality:

• Every dollar you hold in a bank account is being debased, slowly (or sometimes rapidly) losing its purchasing power.
• Inflation might be "only" 3-4% a year right now (if you believe the official numbers), but that adds up. Over a decade, that $10,000 in savings doesn't just stagnate---it sublimates.

Bitcoin fixes this.

• Bitcoin is scarce, decentralized, and deflationary.
• It's not controlled by governments or central banks, and its supply is capped at 21 million. No one can "print" more Bitcoin.

If you're holding fiat in a savings account, you're playing a game you can't win. Bitcoin is the better tool for preserving value over time.

Why Savings First?

Before looking at how you spend, it's worth considering where you're storing your wealth. If your savings are sitting in fiat, they're slowly losing purchasing power over time---that's just how the system works.

Bitcoin offers an alternative: a way to protect your wealth in something scarce and reliable. Once you've addressed that piece---and your savings are no longer being held in melting fiat---you might start asking: What about the money in my checking account?

That's where Strike Bill Pay comes in. It's a simple, practical tool that connects your Bitcoin savings to the everyday expenses you still need to handle in fiat, removing the need to hold fiat to pay fiat bills.

The Spending Problem: Why a Bridge is Necessary

Here's where things get practical. Even if you're saving in Bitcoin, you still live in a world where bills---rent, mortgages, utilities, credit cards---are denominated in fiat.

What do you do?

• You could hold some fiat in your bank to cover bills, but now you're back to the problem of fiat exposure.
• You could convert Bitcoin to fiat every time you need to pay something, but trust me when I say that manual process is tedious and time consuming.

This creates a gap:

Bitcoin is where you want to save your wealth.

Fiat is where you still need to spend your wealth.

You need a bridge.

Strike Bill Pay is that bridge. It lets you hold your value in Bitcoin while seamlessly paying fiat-denominated bills. No headaches, no extra steps, and no need to rely on a traditional bank account.

How Strike Bill Pay Works (It's Simpler Than You Think)

Here's the beauty of Strike: it integrates directly into the traditional system without requiring you to deal with it.

Here's how it works:

Strike Provides a Standard Bank Account

• When you open a Strike account, you get a routing number and an account number tied to Cross River Bank. It works exactly like a regular checking account.

You Set Up Bill Payments

• For any bill that allows automatic payments, simply enter the Cross River Bank routing/account number Strike gives you. Your mortgage, utilities, subscriptions---these can all pull funds automatically from Strike.
• For bills you pay manually (like credit cards), add the Strike-provided account as an external payment source. When you go to make a payment, simply select that account as the funding source.

Strike Converts Bitcoin to Fiat on the Backend

• You don't have to worry about manually selling Bitcoin for fiat. When the bill gets paid, Strike automatically sells the exact amount of Bitcoin needed to cover the payment.

It's seamless. You save in Bitcoin and Strike handles the fiat side when you need it.

Start Small: Test the Waters, Then Scale

Now, I get it---this might sound like a big leap if you're new to the idea of using Bitcoin. You don't need to move all your bills over to Strike at once.

Start small.

• Pick one bill---something low-stakes, like a utility payment or a monthly subscription.
• Add your Strike-provided account as the payment source.
• Let it run.

What happens?

• Your bill gets paid.
• You experience how smooth the process is.
• You start seeing the benefit of holding Bitcoin without having to juggle fiat for bills.

Why Start Small?\ This isn't about forcing you to flip a switch overnight. It's about building comfort with tools that let you take control of your money. When you see how simple it is, you may find you'll want to scale up.

Strike's Fee Tiers: Low Costs That Get Even Lower

One of the practical benefits of using Strike is its straightforward fee structure. Strike charges a standard 0.99% fee when converting Bitcoin to fiat and vice-versa. But here's where it gets interesting: the more you use the service, the lower your fees become.

Strike's fee tiers are designed to reward activity:

• The more you deposit and spend through Strike, the closer you get to a lower fee tier.
• Regular bill payments, purchases, and deposits all contribute toward lowering your fee rate.

Why It Matters: When you're living on Bitcoin---covering bills, expenses, and purchases---those fees can add up. Strike incentivizes regular usage by giving you a clear path to reducing costs. The result? Your bill-paying process becomes not only seamless but also more efficient and cost-effective over time.

If you're managing everything---mortgage, utilities, credit cards---through Strike, it's likely you'll hit lower tiers quickly, making the service even more competitive.

For Bitcoiners: Completing the Savings-to-Spending Loop

If you're already holding Bitcoin as savings, Strike Bill Pay is the final piece. It lets you operate entirely in Bitcoin while still managing your fiat-denominated obligations.

Here's why it matters:

• Opting Out: If the majority of your wealth is in Bitcoin, why leave even a small amount in a checking account? Strike eliminates the need for that fiat buffer.
• Automation and Ease: Bills that pull automatically? Easy. Manual payments? Just as simple.
• Seamless Spending: No awkward conversions, no multiple steps. Strike lets you "spend Bitcoin" without all the extra steps.

It's the bridge that completes the Bitcoin-first financial strategy.

Flexibility: Adjust Your Strategy as Conditions Change

One of the best parts about Strike is that it's flexible. If you feel the need to keep some fiat on the side, it's as simple as pressing a few buttons.

• Bull Market Strategy: Hold Bitcoin all month, let it appreciate, and let Strike convert as bills are due.
• Bear Market Strategy: If you're cautious, hold fiat in Strike temporarily and stack sats with what's left at the end of the month.

Strike gives you the tools to adapt your strategy---no friction, no complexity.

Taxes: How Strike Simplifies Year-End Reporting

When using Bitcoin to pay bills, it's important to understand the tax implications. In the United States, Bitcoin is considered property by the IRS. This means that any time Bitcoin is converted to fiat (like when Strike pays a bill for you), it's a taxable event.

Here's how it works:

• If the value of your Bitcoin has increased since you acquired it, you owe capital gains taxes on the difference (the "gain") when it's converted to fiat to pay a bill.
• If there's no appreciation---or if you're converting at a loss---there's no capital gain to tax.

Example:

• You bought $500 worth of Bitcoin.
• When it's time to pay a bill, that Bitcoin is now worth $600.
• If you use Strike to pay the bill, you'll only owe capital gains taxes on the $100 gain.

Conversely:

• If you bought $500 worth of Bitcoin, and by the time you use it to pay a bill, it's worth $450, you can report a capital loss instead.

How Strike Helps: Strike simplifies this entire process by providing:

• Year-End Tax Documents: Strike generates clear reports showing each transaction.
• Easy Access: These tax documents can be downloaded directly from the Strike app, making it easy to share them with your accountant or upload them to tax software.

Why This Matters: Keeping track of Bitcoin transactions manually can feel overwhelming. With Strike, all the reporting is done for you, so you can stay compliant without stress. Whether you're dealing with gains, losses, or flat conversions, Strike helps you navigate taxes with transparency and simplicity.

Bringing It All Together

Bitcoin is savings tech. It fixes the root problem---where you store your wealth.

Strike Bill Pay is the tool that lets you:

• Save in Bitcoin without compromise.
• Pay fiat bills seamlessly without relying on a traditional bank.
• Start small, test the waters, and scale at your own pace.

Final Thought: Build the Future, One Bill at a Time

Here's my challenge to you:

• Pick one bill.
• Add your Strike-provided account as the payment source.
• Run it for a month and see how it feels.

You don't need to jump in all at once. But as you experience the benefits--- no friction, and no headaches---you might find yourself wondering: Why don't I use this for all my fiat needs?

Strike Bill Pay isn't about forcing change. It's about offering you tools that work better. Save in Bitcoin, spend seamlessly, and start building a future where your money works for you---not against you.

Block 875215 - MSK 943

Digging Deeper:

Hey there, I hope you enjoyed this read! If you did, and would like to read more of my barks, follow the links below!

• Curious how I found Bitcoin? Read "Paw Prints to the Timechain"

• Bitcoin meets psychology? I touch on this in "Maslow's Apex"

• Want to understand the basics of Bitcoin? Read "Bitcoin Best Practice"

• If you like seeing bad media takes unpacked, check out "Pup's Double-Takes"

External Resources:

• Want to earn rewards on your mortgage? Use my referral to earn 20,000 free sats at sign up!
• Do you like sharing Bitcoin content and earning sats for doing so? Join me at Stacker.news!

...Woof!

originally posted at https://stacker.news/items/828031

@ bf95e1a4:ebdcc848

This is the AI-generated full transcript of Bitcoin Infinity Show #129 with Max Hillebrand!

Check out the https://bitcoininfinitystore.com/ for our books, merch, and more!

Luke: Max, welcome for the first time to the Bitcoin Infinity Show.

The Lodging of Wayfaring Men

Knut: Yeah, so one of the first things, you have made the best book recommendations to me that I've ever gotten from anyone. And one was The Ethics of Liberty by Murray Rothbard, and the other one was Economic Science and the Austrian Method by Hans Hermann Hoppe. And now you recommended another book, which I haven't read yet, called The Lodging of Wayfaring Men.

what is that book about and why do you recommend it so much?

Max: It's a beautiful book. it's incredible. And it's written for us and for Bitcoiners, but it's over 20 years old. it was written in like 1997 to 2002 and that time period. And it's loosely based on real events, which is fascinating. the book is crazy. it goes about a group of cypherpunks who are, Building an anonymous marketplace, and the first attempts of an anonymous digital currency.

And again, this shit really happened. the story is quite wild. With, the freedom tech being built for very good reasons. people who understood the philosophical impact. and the deep reasons for why freedom is important. So they were very motivated, and, dedicated to make the world a better place in their lifetime.

And so they got their shit together and got organized and built something incredible, right? And it took them a couple attempts. and eventually they rolled it out and enabled people to trade right, to do their business, online in cyberspace, and encrypt it. And so that made a lot of people very happy because, you know, you get to live life free and undisturbed, so it got adopted by many users.

So much so that eventually the government started to notice that somehow they're making less tax revenue than before. And something's a bit fishy, you know. And then they started to investigate and You know, the NSA and FBI put a decent amount of people on the topic and tried to de anonymize the users of these services and infiltrate them.

And yeah, so the story is about this whole clash between the first and second realm, you know, people who built FreedomTag. And people who enslave others and how those two worlds kind of clash. it's a book that's very inspiring.

Knut: What was the website called?

Max: So, the author's name is Paul Rosenberg.

originally this book was published anonymously, years later, when it was safe to, associate their actual name with this, he did. he was, a teacher, an electrical engineer's teacher. He wrote 30 books on that subject, and is a very eloquent and practiced writer, but also a hardcore cypherpunk and freedom lover, and very well read,

So he has the freemansperspective. com. This is a newsletter. You can go back. It's going for, I don't know, 10, 20 years or something. And every week there's one or two short pieces of articles that he writes. And this book is actually also includes some writings that he did in the past and published. so it's somewhat a collection of his thought.

The Lodging of Wayfaring Men is a fiction book, right? It's basically a fictionalized story with, character arcs and such. the author is very technical, and he understands cryptography and how to apply it. He understands distributed networks and laying fiber optic cables and stuff like this.

So there's a lot of real computer science in this fictional world. And that makes it quite applicable to today where we're surrounded with cryptography much more than at the time when this book was written.

Knut: So, all right.

Taxes

Knut: bit of a jump here, but why is, avoiding paying taxes the most altruistic thing you can do in life?

Max: this is actually one thing that gets covered in the book, right, where,

Knut: that was the case.

Max: because this is also why this book is so interesting to recommend to newcomers, to this philosophy, because at the beginning, not everyone is convinced that this is a good idea. Even the creators of this technology don't know the end result and how other people will use this tech.

There's a lot of ambiguity there. And so this book follows characters who reason through these very difficult questions. For example, I'm going to spoil this book a bit, but everyone should read it anyway. So, there's one character who was a lawyer, right? He works together with an ex FBI agent, who both of them share this common, seeking of justice, like real justice, to stop bad guys from doing bad things, to good people.

the ex FBI guy is somewhat disillusioned. With the institution of the FBI to actually provide and establish justice. so now he is somewhat like walking this line in between the institution and, the actual free realm, vigilant justice basically.

and here then when thinking of. this case. is there a wrong being done by the FBI trying to stop this project? Or is this project actually good? Do they have justice in doing what they do? then, he, reasoned of, is the avoidance of tax, of, of taxation evil.

And, and, of course then walks through the reasonable steps of thinking. No, if, two people transact voluntarily. both people are better off after the trade than before, right? Both people are happy, both say thank you and shake hands. that's trade. That's the market, right? and then you have coercion,

Where one guy says, give me that, and the other says, no, actually, I don't want to give you that, but the guy hits him and takes it anyway. And so that means afterwards that the guy who stole it is obviously better off. He's happy, right? He got the thing, but the guy who was the victim was being stolen from is worse off.

And so humans have the capacity to do mutually beneficial things, right? To literally create value, make both of us better off than we were before. And we also have the potential to destroy value and take from others. and one is beneficial and fosters the growth of civilization and the other destroys it.

Knut: And so, you know, avoiding being stolen from is a good thing. Reminds me of one thing we go into in the new book, about the difference between lawful and illegal. I don't remember the name of the guy now, but some Dutch libertarian thinker, who emphasized on the terms, made the point that something being lawful is like lawful in an ethical sense, like the basis in Don't Steal, whereas legal is the top down government imposed legal framework, and how the two don't always align, or rather, they almost never align.

Natural vs Man Made Law

Max: Yeah, this is the difference between natural law and man made law. A natural law is one that is universal across time and space. It's always present, and it's immutable. It cannot be changed, at least not by us. And, you know, physics, for example, is a natural law. And arguably there is a natural law to ethics as well.

Specifically, as morality increases, freedom increases. And as morality decreases, freedom decreases. That's the law of gravity in the ethical realm. and, that man didn't make it, right? We just realize it because it is what it is. And then we have man made law on the other hand. this is depends on a certain territory, right?

The law in the U. S. is different from the law in Russia. And it also depends on time. I think the American law in the 1700s is very different from what it is today. and so there are these imaginary lines where these rules apply and there's Other places or times where they do not apply. So they're arbitrary, right?

And so they can be designed, to the benefit of some and at the expense of others. And that is ultimately what, politics is about.

Knut: Yeah, I think this is one of the key points that that quote unquote normies have such a hard time wrapping their head around. Natural law and like what, what makes don't steal a natural law? Like what, what is the very foundation of, libertarianism or anarcho capitalism or absolute property rights or whatever you may call it, consensualism?

And to my understanding, it has to do with homesteading. If you're the first person that acquired something, then no other person has a right to take that away from you. And you can logically deduct your way to that being true. Like, what's your view on that? And what's your understanding of that? And how would you explain that to a layman?

Max: Well, the reality is such that we have limited scarce resources. If we have one piece of steak on the table and three guys who are hungry, like some are gonna go home on an empty stomach, right? We literally don't have enough food to feed us all, right? And one piece of something can only be used by one person at one time, right?

We cannot duplicate one piece of steak into many and satisfy everyone. So this is a natural form part of reality, right? That's just how things are, you know? So there's a potential of conflict over who gets to allocate these scarce resources. And there's a couple solutions to it, right, that have been proposed.

Like one would be like, nobody owns it, right? Nobody gets to eat it because it's natural and it's not part of your body, so don't touch it, right? But then we die, you know, all

Knut: that's the problem with that.

Max: That's kind of a problem.

Knut: Yeah.

Max: so

Knut: Yeah.

Resource Allocation

Max: So let's rule that option out. another solution is, of course, we all own it. Right?

And we all, get to use it. But, that doesn't really work either, right? Because, sure, we all own it, but who actually gets to eat it? Because there's three different mouths and the food only goes into one of them. we can't all actually own something if we cannot all use it.

It is limited and only a few can use it. So, everyone owns it isn't the solution to the problem. Because everyone cannot own it, there's not enough for everyone. So again, that's an issue. Ultimately, we all starve. And another option would be, we vote.

We somehow pick who gets to allocate these resources. But then, I mean, we're 8 billion people. How are we all going to vote on who gets to stake? Right? Like That's, that's going to be impractical. Like, how are we even going to communicate, all 8 billion of us, to get together in a vote? So again, until we have the result of the vote, nobody eats the steak, so we all starve again.

It's not really a good solution either. And then we have one option that, like, a small subset of the people gets to make the choice of, you know, how to allocate these resources. And we can just pick them, vote for them, for example. But here again, now other people are allocating the resources for others, right?

Like, and some bureaucrat, a hundred kilometers away, is not gonna know, like, who of us is vegetarian and doesn't want the meat. Right? and that just means that someone who's far off doesn't have the knowledge to actually allocate the resources in a proper manner. And that leads to misallocations, right?

We starve, again. Because the guy who doesn't want the meat gets it and then it rots. And the guys who would actually like it never get access to it and they starve. So that's the fundamental problem of socialism, basically, of some priest class allocating the resources for others. So again, the solution doesn't work either.

So we're not left with much. But one thing that seems to work is private property rights. Again, as you said, the person who creates something, the butcher, or the farmer who raised the cow, can now decide what to do with it. Does he butcher it himself? Does he sell it to a butcher? So the person who created something gets to own it, and gets to decide how to allocate this, and then he has the right to either consume it himself, or to abdicate the consumption of this good.

So to say, I won't use it, I will trade it, I will give it to you, right? And he can make it a gift. Just say here, half the entire cow, like, I like you, I like your family, you, like, I'm happy that you're happy, right? Great, that's possible, right? Or, of course, he would want something from you in return, like, give me a bar of gold, or, a bushel of wheat, or something else.

we now have a way that we can allocate resources in a clear, simple rule set, the person who created it. can decide what to do and have a contractual agreement to transfer this ownership to someone else. the people who actually have the problem now have the power to allocate the resources to solve those problems and not some guy far away, but just you and me who created stuff.

Ownership of Information

Knut: And as you said, this only applies to scarce resources. So what, would be an example of a resource where you could eat the steak, but I could have it too. And, the thing that comes to mind, is information, of course. So, can you own information?

Max: No, like, because that, that doesn't really make sense, right? To own means to allocate, how to allocate these, to decide how to allocate these resources. All right. And then, that's a solution to a problem of a lack of resource allocation, right? or for a lack of resources that need to be allocated rather.

But with information, there is no lack. Like if I have a PDF, I can copy it to you and I can send it to you, and I can send it to a hundred other people, and I still have the exact same high fidelity version. Of the information that I shared with others, and of course it's the same with words, right? The words that I speak, they're not lost on me, right?

I still retain them and the information that they represent. and that means we don't need to be, stingy with information. We can give it to everyone. and it doesn't degrade the quality quite on the contrary, right? without information there is no production.

imagine yourself on an island, and you have all the raw materials, all the machinery, like everything there, but you don't know anything about physics, or material science, or just production stages of how to build things. If you don't know any of that, the raw material is worth nothing to you.

Nothing. Because you don't know how to allocate, how to shape this raw material into other things so that it actually solves your problems in the end. we need information in order to produce things. That's the theory behind it. The blueprints, so to say. the cool thing is, we don't have to be stingy with the blueprints.

We can give every human on this planet Equal access to all of the information that we as humans have accumulated, and now all of a sudden you will never be stranded on an island not knowing how to do something, because you can just look it up. In the grand database of accumulated human knowledge, of course, technology has made that much more possible and low cost.

Back in the day, in order to share an information, you needed to speak verbally to it, right? So you're limited to time and space, or you need to scratch it on some stone or clay or write it on a piece of paper, And then still, you have the scarcity of the paper, right? There's only one book.

And there's a hundred people who want to read it. So again, information is limited. Not because the information itself is limited, but because the medium of the information is scarce. And that was a big tragedy that we were never able to communicate at a large scale, and remember these conversations and easily access them.

Until the cypherpunks who came up with computers, right? And realized that we can build this realm of information That is so cheap to transfer and store information, that we can just basically do it for free, for anybody, for 8 billion people. And all they need is a rather cheap form of silicon, and like, nicely arranged.

but of course people try to hold on to the protection schemes that extract money from others, and capital from others, and You know, nation states have enforced intellectual property rights and patents and such, and that just harms people. It doesn't bring forward the best out of humanity. And that's a big shame.

Knut: Now, very well put. this has been Praxeology 101 with Max Hillebrand.

Bitcoin and Praxeology

Knut: where I want to follow on, follow up here is, how does this apply to Bitcoin? Because Bitcoin is only information, so how can anyone theoretically ever own a Satoshi? Do you really own it, or what is it?

Max: What is actually a Satoshi? Look into the Bitcoin code base. There is no such thing as Satoshi, right? The transaction has a field that is an integer. But it's just an integer. It doesn't even have a unit associated to it, right? So, it's just a number. Satoshis are just numbers in a database.

And you don't own the number 270, 000 just because you have 270, 000 bitcoin. The actual number of satoshis, no, you don't control them. You don't own them. But information has another interesting thing that cypherpunks realized, right? That, once, like, when you have a secret, then you can choose to share it with others.

And then once you've shared it with one person, however, you cannot control what that person does with the information. He can keep it secret for himself, or he can tell it to the entire world. And so, there is such a thing as giving access rights to information. And this is an important part in Bitcoin, of course, right?

Our secret keys should be secret, privately kept just for us, because if you do share your secret key publicly, then all of a sudden anyone can, Signed messages, with this private key and therefore spent Bitcoin in the transaction chain of Bitcoin. and well, that's a critical part of it.

So Bitcoin basically relies on keeping information, hidden from others, in order to ensure that we, solve, like, basically Bitcoin. It's just a piece of software, right? So it is non scarce information, but it wants to be money. And money needs to be scarce, right? Because if I can spend a bar of gold first to you, and then the same bar of gold later to you, we have infinite inflation, right?

The money system just dies. so scarcity is required. It's a required feature for money and digital money therefore requires digital scarcity. And so what Bitcoin does is it establishes a set of computer code that defines the access, right? Two certain chunks of money, so to say, right? And the chunks of money are Bitcoin UTXOs, unspent transaction outputs, and the spending condition, so to say, or like the rule how to allocate this money, who gets to decide it.

Where this money goes next is defined by a script and a small computer program that evaluates either to true or to false, depending what input you provide. And so the script is the lock, and usually it's a single public key. And then the way to prove that You're actually authorized to spend this coin is by creating a valid witness.

You know, the input to the script, to the program that returns it to true rather than to false. And usually, again, that's a signature of a single private key over the transaction structure that you're actually spending the money. Bitcoin's genius realization is that. We just all have to check every transaction of everyone else.

And when we do that, we can be sure that, nobody's being stolen from, That nobody is, losing access to his money, that someone is spending the money with a wrong signature. he doesn't have the private key. He cannot produce a valid signature. So we have to make sure that such a transaction does never make it into the blockchain, right?

that's the first important aspect. And the second is we want to ensure that there's no inflation. that's Because if we can just create as many tokens as we want, then the value of the token goes to the marginal cost of production. If we can produce a token with the click of a button, then the marginal cost of that token, or the value of that token, will be zero, right?

So we need to make it, Difficult, or in fact, in Bitcoin, impossible to create additional units, you know, there's 21 million and that's it, right? That's the set of rules. And therefore, when we check each transactions, we also ensure that there is no transaction that has one Bitcoin on the input side and 10 Bitcoin on the output side, therefore increasing the total supply of Bitcoin.

And so Bitcoin is a massive verification machine to ensure that this computer system is this way of speaking to each other, actually balances the books of the system. of how many units of money are there, and who has the right to allocate these, and so it's basically a system that creates a natural resource, and then also manages the allocation of this natural resource.

Knut: so Bitcoin is almost a parallel universe where, in fact, you do own the Bitcoin, basically, but the ownership is not defined by you as a person. It's defined by the knowledge of a secret. so you prove that you have access to it by having access to the private key, which unlocks it.

Ownership of Bitcoin

Knut: On earth that can prove that you own a Bitcoin except you, the holder of the private key.

Max: If the holder of the private key reveals information to others that indicates such, one very common way that this would be is you have a mobile wallet, that does not run a Bitcoin full node, That connects to someone else's full node to check if you have Bitcoin,

You don't use Tor, so there's an IP address linked from you to the server, and so the server operator knows that this IP address just asked how much money is on this address, and so we have, a very strong indication, that this IP address owner owns

Knut: It can be a very strong indication, but in my mind it can never be proof. Because you need to sign with the actual private key to prove. Otherwise it's boating accident time.

Max: guy with the gun doesn't need proof, right, he just needs a good enough guess. For him, he needs, like, there is a praxeology to violence. thieves are actors. They live in a state of uneasiness, they have problems, and they try to find a solution to that problem. They don't have ethics, they don't have morals, and so their solution to the problem harms other people.

But nevertheless, they are still actors. And so they think that they will be better off after the action of theft than before. That's a value judgment. And it's an entrepreneurial one. So they might be correct, they might not. They break into a house, hoping that there is a bar of gold hidden under the couch, right?

Turns out there's not, right? So, if they spend a lot of money breaking into the house, and there's no loot, they're not profitable thieves. And this means that they destroyed their capital, right? They spent 10 Bitcoin on getting the equipment, and they got 0 Bitcoin back. So, that means they're 10 Bitcoin poorer, and eventually they will run out of money and starve.

So, thieves need to be profitable in order to do their thieving, and that's the genius that cypherpunks realized. If we exponentially increase the cost of attack, and exponentially decrease the cost of defense, then we make thievery unprofitable. And that's the genius of private public key cryptography and encryption, right?

It's trivial to generate a private key and then generate a public key or a signature, right? But to brute force a private key or to forge a signature without it, like, requires more energy that would collapse into a black hole, you know? So that's kind of a problem.

And for thieves, right? It's really good for the people who want to defend themselves. Because they can very cheaply do it, and it just doesn't make sense to attempt to break the encryption. But nevertheless, computer systems are very complex, and there's a lot of metadata associated with, computing and communicating between computers.

And so, there are, microphones and radio frequency scanners that you can point on computers and see the computation happening in the machine because there's a lot of radiation outside of the computer that can be correlated to which bits are being flipped you can have all types of side channel attacks to extract secrets from a computer while it's running the problem is that the holistic technology stack we have is quite susceptible to revealing information that should have been kept secret.

And again, that is a critical part, of course, to communication encryption, but even more so for Bitcoin. If we lose the assurance that only we know the private key, the money system is broken. And that's why Bitcoiners were so paranoid and started this whole thing of hardware wallets and secure elements to Really ensure that we don't leak private key material, but it's an extremely difficult task, because, well, this reality is very observable, and the cards are, to some extent, quite in favor of surveillance, unfortunately.

the guy with the gun in this case could be the government, Yeah, exactly, it can just be like a poor guy who needs to provide for his children, you know, and, he sees a way for feeding his family for the next two years, and that's a good trade off for him.

Knut: Yeah, momentarily.

Max: right?

Bitcoin and World Peace

Knut: So, if we manage to do this, on a grand scale, and if people in general manage To exponentially increase the cost of the attack while simultaneously decreasing the cost of defense. Does that lead to world peace at one point? Is that the end goal?

Max: Yeah, I think so. Oh, I mean, that makes sense. If every economically rational thief will realize that he is worse off if he does this stealing, right? Like, actually, because he needs to spend much more money in an attempted theft, and most likely he's not going to succeed. And, I mean, this exponential difference has to be huge, though, right?

Because, like, we had castles, you know? Like, castles are quite, like, quite extreme asymmetric protection. Like, if you're behind castle walls, with a well staffed militia that actually defends the walls, It's quite difficult to get to you if you just have, you know, like, humans and swords and ladders. that's, like, sieges are, in the favor of the defender.

But still, they happened a lot, right? And people were able to overcome these defenses. Because, I guess they weren't never holistically secure, you know? There was always some backdoor that enabled the attacker to go through, to get through, right? and that might just be brute force, right? You just bring a huge army and You're fine with tens of thousands of your own guys getting killed, but eventually, you know, after you throw a couple hundred thousand people at the problem, someone will succeed to break through.

Quite a brutal tactic, obviously, but it worked.

Knut: you get in.

Max: But then cryptographers came around and were like, well, but there's math.

Luke: Yeah, we can use RAM in another way. 1 plus 1 is 2. What? Are you sure?

Knut: that might be offensive.

Luke: That's a different kind of worms.

Knut: Yeah. . Yeah. So, the,

Bitcoin For Attack

Knut: so Bitcoin being this perfect defense mechanism, because all it does is increase the cost of the attack, can Bitcoin ever be used for attack in your opinion? Like, can it be used in an aggressive way?

Max: I think directly not, because again, it is just, speech and such, but on the other hand, maybe yes. Because, let's say, if someone hacked your machine, and got access to your private key, and spends the Bitcoin, like, in the context of Bitcoin itself, it's a valid signature, it's a valid transaction, and it will be included.

So, in the legalities of Bitcoin, it is no theft, right? It is a valid transaction. but, On the ethical realm, you worked hard to get these Bitcoin and you didn't want to send them to the attacker, so he is definitely stealing them from you. So, Bitcoin can be stolen, certainly, in the human analysis.

Not on a technical level, we've never seen a transaction confirmed with an invalid signature, but on the human level, There have been a lot of people that got separated from their Bitcoin against their will, right, against their consent. and, and that is theft. So, thieves can use Bitcoin, thieves can get paid in Bitcoin, thieves can take your Bitcoin and pay them to themselves, right?

that's a fact of reality too.

Aggression and Spam

Knut: Could that be used in an aggressive way?

Max: it is just the writing of bits and bytes, right? So there's, however, again, a limited amount of resources that are available specifically in Bitcoin. And not just do we have 21 million Bitcoin, we also have like, Two and a half slash four megabyte blocks, right?

And so this means there's only a certain number of transactions that can be fit into a single block. that means we have, again, a scarce resource and we need to allocate it. this is why there is a price for Bitcoin transactions, because that's how we solve the scarcity problem, right?

by whoever pays the most gets in. that's a, or it's not even whoever pays the most. It's like. You can choose who goes in by mining a block, right? You have full freedom of choice of which transaction do you include into your block. And if you don't mine, then you can propose to someone else, say, please include my transaction into a block.

But again, there's a large demand and a limited supply. so most likely people will start bribing each other and it's like, yeah, if you include my transaction in your block, I'll give you sats. And in fact, Bitcoin, the Bitcoin software launched with a anonymous peer to peer marketplace for the scarce good, which is Blockspace.

Satoshi didn't have to do that, right? Bitcoin would have totally worked, if, if you could not, like, if every input sum has to be exactly equal to every output sum, right?

There cannot be that outputs are smaller than inputs and the leftover goes to the miners, but that could have been a consensus rule, right? But then most likely we would have seen some third party external marketplace. Where people would do the bidding on please include my transaction into the block.

And then of course they would have to figure out how do we actually pay the miner to get our transaction in the block. So Satoshi had the genius to embed an anonymous marketplace. Into the core essence of the protocol, right, with the rule that outputs can be smaller than inputs, and the rule that we have this gossip peer to peer network, which like the whole peer to peer network is kind of optional, by the way, but it's just there to kind of make it easier so that we have this anonymous marketplace for Blockspace that we can propagate offers, right, and one person sends the offer and gets spread to the entire network.

So the demand side is no monopoly. Anyone can broadcast a message to the peer to peer network hoping to be included. And then on the supply side, the actual miners, there's also no monopoly. Anyone can spin up his computer and start SHA 256 hashing. On the most recent chain, right, with his own candidate block.

And nobody can stop you, right? That's the definition of no monopoly. New market participants are not hindered to enter the system. And so this is the most radical free market that we've seen probably ever. And it's been kind of hidden inside Bitcoin since the very beginning.

Mining vs Hashing

Knut: Yeah, you can of course also pay the miner in something else than sats to get included into a block. And if a mining pool does this, the individual miners doesn't necessarily have a claim to a piece of the pie of whatever money was paid to the mining pool owner under the table and not on the system, right?

They can't even see it. So how big of a problem is that, and can you really call yourself a miner if you're just selling hash power to a pool and the pool isn't transparent?

Max: I mean, it's actually true that we, like, there could be in the future, A alternative marketplace for block space that's not inside the Bitcoin Core client. And by the way, arguably that's better, because we have a piece of software that does one thing really well, and then, you know, we just specialize and put the two modules together.

architecturally speaking, this might be better. we see things like, for example, the mempool. space explorer, or accelerator, right, is one. Marketplace that is now establishing that that seems to work now quite well. Of course, it has the issue of there's a central, like, order book, so to say, and probably custodian for the money as well.

And so, I'm not sure, but it's one approach of doing such an alternative marketplace and there can be downsides. it's not really public of how much Volume is going through here, right? how much are people speeding up their transactions, And I guess the same goes to much earlier where we just had mining pools offering this in their own API, or a webpage.

so at least now, like we, we have a dedicated service provider. That's not a mining pool doing this, which I think is an improvement. but we could also, you know, build. A, like, off chain peer to peer network, so to say, that's not related to Bitcoin per se, but that has all of the aspects that we want just dedicated for an optimized market book for this resource.

And Bitcoin should still work, I think. Like, the marketplace inside Bitcoin Core is not essential in the long run. It was just very convenient to bootstrap it. But, you know, in 50, 100 years, I wouldn't be surprised if we have Dedicated systems for, for these things that potentially are in different repositories and such different softwares.

Knut: So, in your opinion, how damaging is a temporary fee spike over a weekend or something where it goes up to like, 2000 SATs per transaction. what impact does it have on lightning channels and lightning providers and so on? Like do you consider it an attack or what is it?

Max: it's an inevitability almost, right? If you have a hard, extremely limited supply, right? there is only two and a half megabytes in the usual block, and you have extremely fluctuating demand, and there is no way to speed up production of the good. there is bound to be extreme, differences of we have way more demand than supply or way less, right?

But it will be very rare that we will fill just exactly everyone who wanted to gets in. So to actually clean out every transaction that wanted to be made is quite rare already now and in the future, if Bitcoin continues to be used, this is even more unlikely, right?

So then the question is just how, like, do you get into the top, like, the top payers to get included in the block still? And this is where just the technology is quite difficult, because this is like, you're, you're, you're, it's an order book, right? You're trading, basically, and you don't know if the price goes up or price goes down.

And this is all at least supposed to be automated. Bitcoin wallet developers are building trading bots, block space accountants charged to purchase block space on behalf of the user. the user just clicks send and that's it. the software does all of the complexities of constructing a transaction that is of a size acceptable, right?

Because if fees are super high, you don't want to build a transaction with a hundred inputs and one output, right? You would want to have a transaction with one input, one output. It would be way cheaper if the fee spike is currently high. a smart robot should build a different structured transaction with more or fewer inputs and outputs to accommodate the current fluctuation of the market.

And of course, the fee rate is another, like what's actually your bid that you put into this marketplace? And that's trading like. How much are you going to pay for the stock? Nobody really knows, right? And so it's kind of good luck and you don't know if it goes up or goes down. And sometimes you overpay, right?

And you pay way more than was actually needed to get into that block. And so you lose money, you lose capital. And sometimes you don't pay enough and you don't get included for months, right? but there's better software that can alleviate a lot of these problems.

Spam Making Bitcoin Worse as Money

Luke: Well, so I guess another side to this question, because everything you're saying makes makes total sense from the perspective of that this stuff is definitely going to happen from from hyperbitcoinization side. There's just going to be more demand than there is supply of block space. But I think the issue that we've been exploring a lot.

Lately, is, is that when there are transactions that aren't really being made for the purpose of moving value from one person to another in the form of Satoshis, they're, they're another form of value, subjective value that is communicated through arbitrary data, or at least some other type of, of data.

Does that change the property of Bitcoin as money? That's essentially, I think the, the root of the, the argument any, anyone talking

Knut: Yeah, exactly.

Luke: the functionality of Bitcoin is

Max: Well, I think. There's a couple aspects to this, right? We have again a scarce resource block space, and there's the problem of how do we allocate this block space. And there are very stringent rules on this, right? You cannot have arbitrary data in blocks, right? There needs to be, for example, the transaction structure.

There needs to be inputs that point to previous outputs, and there need to be outputs, the sum of the inputs, sum of outputs, hashes, transaction headers, all of the stuff needs to be followed in order for this to be considered a valid block. So the Bitcoin developers have, from the very beginning, had a very, I guess, authoritarian regime to allocating these resources, which makes sense.

If you don't put stringent, like, structure in a protocol, then people just fill it with garbage and every software breaks, right? So it's like a practicality thing that we need to have a very opinionated, kind of thing. Set of rules and we need to pick one of them and like just do it because if we don't pick any then it won't work and also if we pick the wrong one it won't work either.

imagine the rules would have been like a broken hashing algorithm, for example, not SHA 256 but SHA 1 or something that's broken. People can create collisions, right? So there could be two transactions that have the exact same transaction ID. breaks the system, right? So if that would have been the set of rules, Bitcoin would have broken, right?

And now also, again, if we allow arbitrary things to be built, then people will just use it as data storage, for example, and just fill it up with megabytes of images. And again, limited amount of resources. If all of it is used for, for pictures, then none of it can be used for money transfer, right? So this is again, an inherent conflict.

the tricky thing though is, now we have this. established set of rules in the Bitcoin consensus and how do we change it, right? And that's the really tricky part of, making up man made rules. Bitcoin is not Natural in the sense, right? Like, humans came up with this shit.

Like, this is our creativity that made this happen. and so, it's not nature made, right? It's man made. Of course, men are part of nature and such. So it's a bit, wishy washy here, but ultimately, we made it, we can change it, we can make it better, and we can break it. And that's a really scary position, because I think we all realize that this is quite an important project, and we definitely have it in our power to break this thing.

I hope we do our best effort.

Caution When Changing Bitcoin

Luke: my interpretation of that is, is that, caution when making changes to Bitcoin is paramount. Would you agree with that?

Max: Well, inaction is an action too, right? And that might be even more dangerous. So, there might be critical bugs in the protocol that if not addressed will break the system and potentially they are currently being exploited, right? And so, in such a case, we should do our best to fix it as soon as possible.

Satoshi knew that from the very beginning, right? So, how exactly we do that? Who knows?

Knut: Well, if it's up to the individual miners, which it is, what blocks they want to mine, what transactions they want to include in a block. And it can be fixed that way, a sly roundabout way, if you will.

Max: Well, if we could trust the miners with stuff like this, then we could trust the miners with enforcing the 21 million, right? But we can't, right? We don't rely on anyone. We verify it ourselves, right? And so the reason why we don't have actual JPEGs in Bitcoin blocks is because your node says no to any block that actually has a JPEG in it, right?

Blocks have to have transaction in it. If not, you kick them out, right? So even if there's valid proof of work Proof of Work doesn't solve the problem of integrity of the block, right? This has nothing to do with Proof of Work. In fact, Proof of Work is one part of the rules of the integrity of the block that is defined, enforced, and verified by the full nodes itself, right?

Specifically, if you want to get rid of inscriptions, that's certainly a hard fork. Like, taproot transactions are currently valid, and if we make these taproot transactions in the future invalid, that's a hard fork, right?

It would be great to hard fork Bitcoin. We could clean so much stuff. It's just a practical reality that breaking the hard fork use of a running protocol is extremely difficult and arguably, unethical. Because people have signed up to the previous system, built businesses and, stored their money in these types of scripts.

If we now make them unspendable, what is that? No?

Mining Incentives

Knut: so, when it comes to mining, there's, minor incentives, like, the thing we talked about before, about, under the table payments to big mining pools, To me, the obvious fix to this problem is to get it into the brains of the hash salesmen, that they ought not be mere hash salesmen, but actual miners and know what block they're mining on.

Because I think the ethos among the individual miners is, better than, these bigger pools that might not be, as, concerned with the longevity of the Bitcoin experiment, but, more fiat minded and wanting a quick buck now rather than save the system in the long run.

So, right now it feels like we're trusting these bigger entities to have as much of a disincentive to destroy Bitcoin so that they won't, it's tricky. Like it's a gray zone, right? What's your thoughts?

Max: I think Satoshi's genius in designing the Bitcoin protocol was that he did his best to separate different tasks that need to be done in the system into different like conceptual entities, and then to ensure that each of these aspects is distributed as widely as possible. And this is ultimately what it means that Bitcoin is decentralized, right?

There is not one person that defines the set of rules, for example, or one person that writes the candidate block, Or one person that provides the proof of work for the candidate block, or one person that provides the signature for each transaction, right? Each of these things is distributed. And in the ideal case, in the original Bitcoin client, to every user, right?

Like, the Bitcoin software in 2009 was mining by default for everyone, right? So, literally the entire stack of the operation was at 100 percent of the users, right? There was no non validating, non mining users. In the beginning, right? We had perfect decentralization, so to say, right? And then if efficiencies kick in and economies of scale and division of labor, and we start to optimize each of these things kind of on its own and split it out into different branches of government.

Yeah, specialized entities, so to say. And if you specialize on being the best hasher that you could possibly be, you just give up on being the best block candidate creator that you could possibly be. Because if you do the one thing that you're marginally better at and focus all your attention on that, you will be the most profitable.

so, yes, it is. It is an issue. and we, Bitcoin would be better off if we further distribute the risk and responsibility of each of these tasks to as many people as possible. And I think we've done a really good job, for example, of distributing the ownership of private keys.

And like, there's, I don't know, many millions of private key holders on the Bitcoin blockchain, right? So that's, that's great. but, and we have. Probably done this as well with hashers, right? There's a decent amount of quite large independent hashing institutions, right? Not so well with mining pools and actual block candidate creation, like, that's pretty bad.

Like, there's two or three of them, so that's scary as fuck. Right there we've utterly failed and we've made Bitcoin way worse than it was before. in this one metric of resilience, of decentralization, of distribution of risks, we made it a lot more efficient, but we made it much more vulnerable to attack.

that is a problem. Thankfully, a lot of people are working on fixing it. It's a really difficult problem, right? It's not that there's some malicious, attempt of trying to break it. I mean, maybe there is, but the more likely answer is just bloody difficult computer science. it just needs an insane amount of research and development before we will have tools that are even coming close to being actually adequate.

Right? I'm not praising Satoshi's 2009 code as being perfect, because it was a pile of shit, right? And you could break it in a million ways. so we've improved a lot, but we're very far from done because to some extent the realities of the difficulty of the situation have caught on much faster than our ability to solve these.

Yeah, I mean, the problems that are currently existent in Bitcoin and that now we're at Nostriga today and talking about Nostr, this sort of related communication layer in relation to Bitcoin, you mentioned at the very beginning, Freedom Tech.

Freedom Tech and Nostr

Luke: So, we, when we last talked to you, you were focusing on Wasabi Wallet and now obviously that project has just been made open source, essentially, and so my question to you on that is, what are you focusing on in terms of Freedom Tech now?

Max: Nostr is definitely a highlight, right? Nostr is just incredibly cool. And it's so wild to think that Nostr is like two years old. it's not old, but look at the amount of stuff that we've built. In this short time frame, how powerful are we? It's incredible, right? If we get our act together and actually build on, such an open protocol and get people excited about it and people using it, it doesn't take us long to fundamentally change the pattern of speech on this planet.

Wow, that's incredible. Like, we did that. And we're just getting started. think about where Nostr is going to be in five years. It will be wild. Absolutely insane. that's very bullish and very encouraging. And it's super exciting to work at such an early stage in the protocol, because there's so many obvious improvements.

There's so many obvious use cases. There's so many low hanging fruits of how we can make it even better than it currently is. Alright, so we have something that's already great, and we know a million ways on how we can make it even better. and you can be part of making a meaningful improvement in getting this to like an exponential blow off of awesomeness.

Knut: Meaningful improvement of humanity, really.

Max: Yeah. Yeah, that's the other thing, like, that's why Freedom Tech is so exhilarating to work at, because we're ending slavery. That's kind of a big deal, you know,

Knut: Yeah, it should have been done at least 300 years ago.

Max: Yeah.

Luke: No, it's, it's amazing. And well, and actually, so a couple of things here. First of all, we've talked about this a little bit, how Nostr seems like it's the playground that people wanted as an alternative to Bitcoin. In other words, people who went and started making shitcoins were basically just wanting a playground to do all this stuff.

But now is, is, is Nostr basically the place where people can do that and channel their energies in a way that isn't going to break money?

Max: Yeah. I absolutely agree. So I'm very bullish on a lot of these use cases and one other area that currently interests me a lot, is just zero knowledge cryptography. it's wild what's possible. it's absolutely wild. Within the last five years or so. The theory has developed.

And again, a lot of shitcoin projects putting zero knowledge proofs on blockchains and such, and I'm not quite convinced that we actually need a blockchain for that. I think relays are just fine. And so I'm quite bullish on having actual zero knowledge proofs much more integrated in Nostr clients. Like, you can do amazing things with this.

Like, for example, anonymous web of trust, right? You could prove to me under an ephemeral anonymous identity, right, that you are in fact, On my follower list. Like, I'm following you, but I don't know who you are. Right? So, these types of things are trivial with zero knowledge stuff. And we don't have any size constraints or computation constraints in Nostr.

Because it is not a global consensus system. Only the people who are interested in this proof actually have to, like, download it and verify it and such. so, it's, I think we can do a lot of amazing stuff here. it seems pretty obvious wins here.

Knut: driving these 180 IQ young developers into Nostr instead of shitcoin development is, is like moving them? To do, to think more of what they should rather than what they could, because I think that's, that's sort of the main problem with this nerdy set of shitcoin developers is that they, oh, I could do this if I just do this and they, they focus on what they can do rather than what they should do.

And it's Nostr, Changing the direction of that, are people thinking more of ethical things while developing on this than

Max: it's a big claim, right? That like a piece of tech can

Knut: it's hopium

Max: improve the morality of people. it's definitely a big claim, but it seems true. Like, if you think about it in Bitcoin, like probably each of us, our level of morality before we discovered Bitcoin and what it is now.

And our understanding of morality has substantially, improved, right? And I'm not sure if it would have happened, at least to this extent, without being exposed to the Bitcoin technology. and Bitcoin is just money, you know, like, humans do a lot more than buy stuff, sure, money is incredibly important, but it's far from everything of the human experience.

And I think Nostr. We'll do a lot of the other stuff and Nostr has this freedom mindset embedded into the protocol just as Bitcoin has. And so I'm extremely bullish on seeing the people who get exposed to Nostr and what it does to them in the long run.

Hyperbitcoinization vs Hypernostrification

Max: So what happens first? Hyper ossification or hyper ization both at the same time.

Knut: does one lead to the other?

Max: there's definitely synergies here, right? and, yes, one leads to the other. there's, I met a bunch of people who got interested into Nostr first, and then used Bitcoin for the first time. It's a very common theme, actually. again, because Like, social, like, think of the, think of the, like, average screen time of people, right?

it, for sure.

I think Nostr is going to be way bigger than Bitcoin in the improvement of the human condition.

Knut: Then again, every time you press the like button or the retweet button or whatever on your social media app, even the legacy system, you are providing someone with some value. That's why your account is valuable to, Facebook's and the Twitters of the world. There is a value thing embedded into everything you do on the internet.

Max: It's just, you don't get a tradable good.

Knut: No, no,

Max: sell the like to someone else.

Knut: not at this point.

Max: They have now a star emoji. If you send the star emoji, you can send the star emoji back to the company, and they will give you money. So, voila. It's basically a shitcoin, but it's a star.

Luke: is it more important to fix money or the other stuff?

Max: Well, that's a big one. Both again, because money is only half of every transaction, right? And so maybe the earlier example of the marketplace for Bitcoin block space is perfect because why did Satoshi include the marketplace, the other stuff together with the money? Because it was kind of essential, right?

you need to have both at the same time in order to live, right? You need to speak, you need to advertise your products, you need to negotiate with the customers, right? You need to convince them of the value that you will provide to them, and then you need to receive the money and tell them that you've received it, and ultimately hand over the goods, right?

So there's a lot of human interaction into every trade, and the money aspect is just Like, one small part of this long interactive chain of protocol, basically. I think we need both at the same time. And we're just discovering upgrades to each of them as we move along. But this has always been in synergy.

Like, the internet is way older than Bitcoin, right? So arguably, we need the other stuff first, right? We needed like 20, 30 years of other stuff before we could actually come up with the money.

Knut: so fix the money, fix the world then fix the world and you fix the money.

Luke: No, but seriously, we actually talked about this. in that, maybe an analogy to, that the internet needed to develop in a centralized way because the, literally the hardware and everything, the architecture, the client server model was literally a centralized and centralizing system. Model and that needed to exist first.

And then the analogy is that gold was centralized naturally in the sense that physically the physical constraints of gold made it so that it naturally centralized into banks and then fiat solved that problem to sort of decentralize it, but it broke everything. So now the mechanism of fixing the money and decentralizing the money was gold.

Bitcoin, but the corollary for decentralizing the communication is Nostr. So both things have kind of happened in a parallel. That's, what we were discussing.

Wrapping Up

Luke: That is the alarm Oh,

Knut: Oh, okay.

Max: so we'll wrap it up.

Knut: Well, I'm

Max: Nostr for sure. Max at TowardsLiberty. com. You can send me mail, notes and sats to that, which is, by the way, crazy, right? That we can have like this unique identifier to get, like, all of your needs settled is wild. Check out, lodging of Wayfaring Men. That's, the main shill of this video.

And I made the audiobook for it. it's on a podcast. The podcast is by the author, Paul Rosenberg. And, it's called Parallel Society, right? So check that out. right now we've released the first episode. the others will come shortly thereafter. the other book recommendation I should highlight, which we haven't mentioned yet, is Cryptoeconomics by Eric Voskuhl.

Most of what I said here was very much inspired by that book. He has the most rigorous understanding of Bitcoin. It's by far the best Bitcoin book. So I also did the audiobook for that. Just search for Cryptoeconomics in your

Knut: audio book though.

Max: when you have to read tables of math formulas, it's starting to fall apart.

But there's a lot of verbal logic in the book that goes very well. Just get the free PDF for the actual graphs and

Knut: And keep using Wasabi and fire up your own coordinators and whatnot, right?

Luke: Now get on stage, Max. Don't want to make you late.

Max: Bye

the book, that's not what I said.

Luke: right, that's it.

@ 3906af02:af15c9f4

NEW: HRF #Bitcoin Development Fund grants 700 million satoshis to 20 projects worldwide!

https://bitcoinmagazine.com/business/human-rights-foundation-donates-700000000-satoshis-to-fund-bitcoin-development-and-projects

The grants cover decentralized #Bitcoin mining, technical education, decentralized communications, independent media & privacy-enhanced financial solutions for human rights groups, focusing on key regions in Latin America, Asia, and Africa 🌍🌏🌎🎁

Grants include:

🛠️ Stratum V2 Reference Implementation (SRI) decentralizes #Bitcoin mining by allowing nodes create their own block templates, reducing reliance on large pools. Funds will support @bit-aloo’s work on SRI including benchmarking tools, integration tests & codebase maintenance

⛏️ Public Pool makes #Bitcoin mining accessible for low-hash-rate devices, empowering individuals to self-host mining servers & contribute to decentralization. Funds will support hosting costs, hardware upgrades, & operational expenses.

🛠️ Jon Atack, recognized as one of the top all-time contributors to #Bitcoin Core, plays a pivotal role in enhancing Bitcoin’s decentralization and robustness. Funds will empower him to continue his vital contributions to Bitcoin development

👩🏿‍💻 Naiyoma, the first female #Bitcoin Core developer from Africa. Her work focuses on reviewing pull requests (PRs), addressing bugs through new PRs & improving Bitcoin Core’s codebase. Funds will support her full-time contributions to advancing Bitcoin Core.

🔒 Daniela Brozzoni, a #Bitcoin Core developer who previously contributed to the Bitcoin Development Kit (BDK). This grant will support her full-time contributions to Bitcoin Core reviewing key pull requests (PRs), contributing to new features & improving testing coverage

📱 UX/UI Design for Bitcoin Core by @Michaelhaase will bring the #Bitcoin Core App to mobile enabling users to run nodes, access essential wallet features directly on their phones to improve their financial privacy. Funding will support the project’s design & development.

🚀 Brink, co-founded by Mike Schmidt, supports #Bitcoin protocol engineers with grants and offers training & mentorship to onboard new contributors to open-source development. This grant will support operational expenses

⚡@Tando.me, cofounded by Sabina Gitau, integrates #Bitcoin with Kenya’s M-PESA system, enabling KYC-free, fee-free Lightning payments for everyday transactions for 54 million Kenyans. Funds will help boost Tando’s liquidity, support user growth & drive African expansion.

🌐 YakiHonne, a Nostr client founded by Wendy Ding, supports free speech & promote #Bitcoin payments across 170 countries with innovative functionality & a blend of online & offline events. Funds will support smart widget development, relay improvements & community events.

🌍 SeedSigner Multi-language Support brings accessibility to the open-source SeedSigner hardware wallet, empowering marginalized communities through inexpensive & accessible self-custody. Funds support Ace to deliver a multi-language version of SeedSigner.

🤝 Vexl, cofounded by Lea Petrasova, provides a private, KYC-free, peer-to-peer #Bitcoin trading experience by connecting users to trade through the social graph of their phone contacts. Funds will support expanded adoption in Africa & improvements to the backend infrastructure.

🇮🇳 Tomatech is building developer talent in Goa, India to advance #Bitcoin infrastructure & FOSS projects through training, workshops, & community meetups. Funding will support developer training, the creation of a developer hub, bounties & grants, & general operations.

💾 Krux, open-source firmware that turns generic devices into hardware wallets for secure #Bitcoin self-custody featuring air-gapped operations, key management & backups & support for 10 languages. Funding will support @odudex to advance this project.

🔐 Iris, a #Nostr web client by @MarttiMalmi, which aims to improve protection for metadata & message content, ensuring conversations remain private, especially in surveillant environments. Funding will support hiring an additional developer to expand Iris' features & functionality.

💻 Cashu-ts, the primary Software Development Kit in the @CashuBTC ecosystem developed by @Gandlaf21, simplifies wallet creation, integrates the latest protocol updates & powers popular wallets. Funds will support the developers to maintain & improve this essential library.

🤝 Unify, a Payjoin wallet developed by Fontaine, enhances privacy in #Bitcoin transactions by obscuring transaction histories, crucial for individuals navigating repressive regimes. Funds will support the developer to ship new features & expand compatibility with other wallets.

📢 The Financial Freedom Policy Coalition, led by Venezuelan activist Jorge Jraissati, promotes economic opportunities for people living under authoritarian regimes. Funds will support advocacy missions to educate policymakers on how #Bitcoin supports human rights.

🎓 African UX Bitcoin Bootcamp, led by @MouxDesign, empowered 10 African UX designers with #Bitcoin UX research skills ahead of the Africa Bitcoin Conference & support to test 5 popular Bitcoin products during the conference. Funds cover all program expenses for participants.

📰 No BS Bitcoin delivers ad-free, privacy-focused #Bitcoin news in clear & accessible format, essential for activists & citizens under authoritarian regimes. This grant ensures continued operations, adds an editor & supports Nostr features like Zaps & comments.

📖 Bitcoin History, a research project by Pete Rizzo, documenting key people, events & materials that shaped Bitcoin’s rise as a global monetary & human rights force. Fund will support a researcher to investigate & document stories of Bitcoin’s use against authoritarianism.

🌎 HRF is committed to supporting human rights and financial freedom with #Bitcoin.

If you are working on a #Bitcoin or adjacent freedom tech software (Nostr, eCash, TOR etc), education or adoption project that meets our mandate, submit your application at http://hrf.org/bdfapply 💪

@ d6affa19:9110b177

A Female-Led Relationship (FLR) is a dynamic where the woman directs and guides the relationship and the man surrenders to her lead, typically supporting her through devotion and service. An FLR could be described as a type of Dominant/submissive (D/s) relationship. And commonly, many stumble upon FLRs through kink exploration or fetishism, but this doesn’t have to be the case at all. Female leadership is not a kink and many couples pursue this style of relationship instinctively. There’s a lot more to this natural and profound dynamic that can lead to mutual fulfillment and a sense of shared purpose.

What an FLR is Not

Leadership is often associated with traits such as assertiveness, control, and dominance. In an FLR, leadership is re-examined, often emphasizing more commonly associated “feminine” strengths—empathy, nurturing, intuition, and emotional intelligence. These traits are recognized, valued, and celebrated. The woman's role isn’t about mimicking traditionally masculine behaviors but about leading in a way that feels authentic to her personal nature.

This means that she doesn’t necessarily have to earn more income or be the “breadwinner” (although she may); it simply means that she is the visionary and director of the relationship. While providing resources is commonly associated with “being the leader,” especially in a household setting, these two factors are unrelated and don’t really form a sound basis for that conclusion.

Another common misconception is that the woman must micromanage and/or make every decision for her man. This is extremely impractical and exhausting—the man doesn’t lose his agency in this style of relationship. In fact, it’s often his responsibility to actively provide support. There are countless ways to structure an FLR, and ultimately it’s the woman’s vision that sets the course.

What is an FLR?

The dynamic of an FLR allows for greater flexibility of duties. With the woman as the leader, she is able to set the direction and boundaries of not only the relationship but also her space. She can freely communicate her support, guidance, and expectations, as well as her own needs and the needs of others.

This gives her the capacity to receive her man’s love, appreciation, and devotion, and cultivate him to fulfill her in the best way possible. Through her leadership and support, she will be better able to inspire her partner to blossom into his fullest potential.

The arrangement of an FLR essentially fulfills a mutual set of emotional and psychological needs specific to the couple—her desire to lead and his inclination to please. It’s an agreement in which she charts a shared vision of life and he trusts in her vision and leadership.

Navigating the Flow

A woman’s energy, or feminine energy, is often described as fluid, dynamic, and changing—similar to a river. It flows naturally, guided by instincts and emotions. The river is strong and powerful; it carves paths and nurtures the landscape it passes through. In this metaphor, masculine energy is like the banks of the river. The banks don’t control the river; they exist to provide the structure and support needed for the river to flow freely and gracefully.

This supportive (or submissive) role is not one of weakness or passiveness; it’s a demonstration of strength and dedication. A submissive gentleman is tasked with providing emotional support and demonstrating unwavering loyalty to the woman. The expectations and boundaries set by her provide him with a solid purpose in which to direct his energy. He is expected to express his love and adoration through acts of service and devotion, and his masculinity is measured by his ability to support and enrich, not his ability to dominate or control.

Conclusion

The beauty of an FLR lies in its voluntary nature, where the couple chooses and embraces their roles out of love, respect, and admiration. This dynamic allows the woman to lead with her inherent strengths and instincts rather than adopting conventional masculine traits. It creates a space for the couple’s natural inclinations to mirror each other in ways that wouldn’t be possible in a more conventional dynamic.

And unlike traditional relationships that can feel driven by societal expectations and coercion, FLRs offer an alternative choice centered on mutual respect, leading to a balanced and fulfilling partnership. By celebrating each partner's unique strengths, FLRs can encourage a deeper, more authentic connection, creating a harmonious and empowering relationship.

@ 3bf0c63f:aefa459d

Nostr is not decentralized nor censorship-resistant

Peter Todd has been saying this for a long time and all the time I've been thinking he is misunderstanding everything, but I guess a more charitable interpretation is that he is right.

Nostr today is indeed centralized.

Yesterday I published two harmless notes with the exact same content at the same time. In two minutes the notes had a noticeable difference in responses:

The top one was published to wss://nostr.wine, wss://nos.lol, wss://pyramid.fiatjaf.com. The second was published to the relay where I generally publish all my notes to, wss://pyramid.fiatjaf.com, and that is announced on my NIP-05 file and on my NIP-65 relay list.

A few minutes later I published that screenshot again in two identical notes to the same sets of relays, asking if people understood the implications. The difference in quantity of responses can still be seen today:

These results are skewed now by the fact that the two notes got rebroadcasted to multiple relays after some time, but the fundamental point remains.

What happened was that a huge lot more of people saw the first note compared to the second, and if Nostr was really censorship-resistant that shouldn't have happened at all.

Some people implied in the comments, with an air of obviousness, that publishing the note to "more relays" should have predictably resulted in more replies, which, again, shouldn't be the case if Nostr is really censorship-resistant.

What happens is that most people who engaged with the note are following me, in the sense that they have instructed their clients to fetch my notes on their behalf and present them in the UI, and clients are failing to do that despite me making it clear in multiple ways that my notes are to be found on wss://pyramid.fiatjaf.com.

If we were talking not about me, but about some public figure that was being censored by the State and got banned (or shadowbanned) by the 3 biggest public relays, the sad reality would be that the person would immediately get his reach reduced to ~10% of what they had before. This is not at all unlike what happened to dozens of personalities that were banned from the corporate social media platforms and then moved to other platforms -- how many of their original followers switched to these other platforms? Probably some small percentage close to 10%. In that sense Nostr today is similar to what we had before.

Peter Todd is right that if the way Nostr works is that you just subscribe to a small set of relays and expect to get everything from them then it tends to get very centralized very fast, and this is the reality today.

Peter Todd is wrong that Nostr is inherently centralized or that it needs a protocol change to become what it has always purported to be. He is in fact wrong today, because what is written above is not valid for all clients of today, and if we drive in the right direction we can successfully make Peter Todd be more and more wrong as time passes, instead of the contrary.

---

See also:

• Censorship-resistant relay discovery in Nostr
• A vision for content discovery and relay usage for basic social-networking in Nostr

@ fd208ee8:0fd927c1

There was once a man, who missed an important meeting because his alarm clock didn't ring. He was a bit upset, and wished for it to be corrected, so he promptly got up, got dressed, and took the alarm clock back to the store, where he'd gotten it from.

He stood in line, patiently, at the service counter, and waited his turn. When he got to the front, the clerk asked, "How may I help you?"

"Oh, I'm having trouble with this alarm clock. You see, it doesn't ring, when the time is reached. I was wondering if that could be fixed."

"Why should we fix that? We're actually very busy building the new model. Should be out in a few weeks. Just wait for that one. Goodbye."

"What? Wait! You can't just leave it broken, like this."

"Why not? What right do you have, to demand an alarm clock that rings? Besides, how many alarm clocks have you built?"

The customer was now quite flustered and a bit ashamed of his self, "Well, none. I admit that, but..."

"Well, there you go! Outrageous, that you should criticize something someone else has accomplished, that you have not. Besides, you are incompetent to tell if anything is even wrong. Maybe this is some sort of non-ringing alarm clock. Perhaps it has lights or wave sounds..."

The second customer in line suddenly piped up, "Ahem. I'm sorry to interrupt. I must admit, I've also never built an alarm clock, but I'm a jeweler, who sells and repairs watches, and I must agree with you, sir," nods to first customer, "This is most definitely a ringing alarm clock and... See here? This bit of the bell arm has rusted through and broken off. Shoddy craftmanship, I'd say."

"Oh, Mr High-n-Mighty jeweler, claims to know how a good alarm clock is to be made, while having zero experience. I've had enough of this outrage. I'm getting the vapors and need at least a two-week sabbatical, to recover from such gross mistreatment. The store is closing immediately. Everyone out!"

"But my clock, sir!"

The door slams in his face, and he heads home, dumping his clock in the garbage bin down the street. Next time, he will simply use the alarm on his cell phone. That always rings.

@ 0176967e:1e6f471e

Objavte, ako avatari a pseudonymné identity ovplyvňujú riadenie kryptokomunít a decentralizovaných organizácií (DAOs). V tejto prednáške sa zameriame na praktické fungovanie decentralizovaného rozhodovania, vytváranie a správu avatarových profilov, a ich rolu v online reputačných systémoch. Naučíte sa, ako si vytvoriť efektívny pseudonymný profil, zapojiť sa do rôznych krypto projektov a využiť svoje aktivity na zarábanie kryptomien. Preskúmame aj príklady úspešných projektov a stratégie, ktoré vám pomôžu zorientovať sa a uspieť v dynamickom svete decentralizovaných komunít.