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258 sats \ 1 reply \ @ZezzebbulTheMysterious 28 May \ on: There are only two hard things in Computer Science tech
I use the “There are 2 hard problems in computer science: cache invalidation, naming things, and off-by-1 errors” by Leon Bambrick
No, burning Sats is heresy. Sats are a gift you hold until the next generation. There are better ways.
Why not buy a bitcoin and sell it when the market is high, and buy back in when it’s low…
Because you can’t time the market, any market.
Bitcoin doesn’t care about the petty political affairs of man.
Most people professing an affiliation are just cheerleaders for politicians.
Why would you ever be a cheerleader for a politician.
For Pizza day this year, I ordered a large gourmet vegan pizza with v pepperoni.
Price on 2025-05-22 including tip and delivery was US$53.25 or (47740s equivalent).
Comparison to Laszlo's 2010 tx @ 5k BTC/pizza, an equivalence of 10473397 pizzas, representing the purchasing power growth of Bitcoin from 2010-2025.
I paid in USD via Gemini Cryptocurrency Exchange Credit Card (Mastercard Network) on Apple Pay. This rewarded 1436s in the exchange account, a Bitcoin Yield of 3% on the transaction. :-/
It doesn’t matter anymore. Everything is AI content now, even the AI is trained on AI content.
If you make something interesting it doesn’t matter the tools any more than the type of brush it is painted, or the color of the pen in which it was written.
I really like Vegas. The most fun activity I have done from Vegas was a flight to Grand Canyon - Arizona, Helicopter to the Rim, and boat ride down the Colorado River. Not technically in Vegas, but there are several operations out of there that do this.
I always liked the lucasarts ones more, because they didn’t have gotcha deaths like sierra did. Sierra had some harsh puzzles that would lead to game over.
Great reply! It’s all simply baseless assertion :-) but your response raises some very interesting questions.
The first question, “Could a nation operating on The Bitcoin Standard enjoy a superior economy to the same nation on fiat?” is one of the most important macroeconomic question of the 21st century. We will not see large scale results for another 20 years at least here, maybe 40.
Anecdotal small scale rural circular economies do appear to be more efficient, as they are often replacing physical cash transported over large distance. In say, the economy of an alpha city, there is already efficient fiat and credit rails, so it will take longer to see. I would like to say, yes, but i think we have insufficient data.
I agree with your observations of how Bitcoin, the abstract asset, is used and treated today outside of ‘bitcoiners’. But this is just another phase, and by no means the last. I have no evidence of smart money settling this way outside of rumor.
What I will say is that is no real way to stop someone from using it as a p2p MoE, so all supplemental use cases are additive. BTC ETFs? Great, do like-for-like and wrap coins and put them to sleep. Same as long term Hodl. Treasury company to preserve capital? Likewise for Hodl. The stock tends to trade for a premium over spot, good for the issuer! Use it to generate “accretive strategies”. Make bonds more palatable by adding Bitcoin component to restricted buyers, great! They all seem pretty smart right now.
None of this has any impact on how I generate txs or interact with Bitcoin. There are many more use cases not thought of yet! None of this is close to a final form. Bitcoin will work the same way even if Blackrock holds 2M coins, I welcome Larry to Hodl and transact with me onchain.
If you want disgusting fiat over the fiat rails… if you think the $ is bad, wait til you see the RMB. Smart money is settling large trades in Bitcoin.
There really is no reason not to remove the OP_RETURN limit.
The pandoras box of indistinguishably can never be closed, and the attitude of destruction will never preclude grinding, even at great economic loss. it becomes one of harm minimization. Your adversary will always have a finite resources, we have to play a longer game.
The strategy that increases protocol longevity (by minimizing active resource cost like [cpu+mem]) is the optimum strategy.
Yeah, I run both but my main one is CLN. It’s sad the tool feature parity just isn’t with that implementation. All the new stuff seems to be for LND.
What about CLN? Clboss doesn’t seem maintained. I’ve never used negative routing fees — makes sense tho. Would be great to automate on CLN.
No way, most EU countries are too small to go in alone. The EU isn’t going to break up.
The EU has been on the whole a good thing for the world, allowing many people to live and work in Europe, and collectively build wealth using a common currency. Where bitcoin hits Europe is that it cannot control it. EU really likes its rules and regulations, and free and open source software, especially peer to peer software is fundamentally uncontrollable once released on the Internet. (However, further transport protocol encryption and obfuscation is worth exploring here).
Are they? I’d be interested to know how many people pay for relays in 2025, especially that would allow large note sizes.
wasting the resources of shared relays to store blobs? I don’t believe this will work. Nostr isn’t a general purpose blob storage system. GitHub gives you storage if you pay them or keep under their free tier usage. Git is already decentralized, you just have to store it yourself.
If you are using a private relay that stores the blobs, what does this offer over gitlab except a worse experience? You can run your own decentralized “GitHub like experience” on your own without need for nostr at all using Gitlab or other open source software.
A lot of these “on nostr” ideas don’t really make sense or are in any way scalable or economical.
Maybe I am missing something?
Yes, because GitHub is a centralized platform and must have moderation to prevent spam. There are plenty of ways out of band to protest a muting on GitHub, so there really isn’t a censorship argument. It’s operations on a high visibility public repo. GitHub doesn’t own Bitcoin. It’s just one window into its source code.