Weigh it down in what way? In terms of the protocol, software and consensus? I think bitcoin has, so far, had a pretty good history of technical merit winning out. That certainly could change, but I'm cautiously optimistic.

In terms of the asset, I do wonder what will happen to adoption and price if there are enough new adopters and they are dead-set on keeping it as 5% of their portfolio vs. equities, real estate or whatever. They see it as an alternative to some tech stock. If that's the case, and they're rebalancing regularly, it will certainly become correlated to every other macro asset in that portfolio. Does it then just end up back in the hands of those with higher conviction over time? I'm not sure if this would stall out adoption or cause a loss of interest due to the price action for long enough to make a difference. At any rate, I wouldn't expect it to act like a debasement hedge or a 21M/∞ asset until the average marginal buyer/seller treats it as such - which could be quite a long time indeed.

I'm more interested to see if there's any blowback from switching to a bearer asset payment from the credit payment model. Arguably chargebacks cause more harm than the fraud they're meant to protect against, but people have probably already been wired to assume a transaction can be reversed now that cash is all but extinct.

If anything, the early adopters of this will be the low-margin, high risk businesses that already have a different cash vs credit price.

I'm not sure what I would do - probably get back into more engineering. I used to spend a lot of time at my local makerspace and was into 3d printing, milling, etc., and making prototypes of anything and everything.

About the original article - I feel like I'm noticing a lot more mops lately. I'm sure there were plenty in previous cycles, but even then it seemed like the new entrants were still interested in an entirely unique technology, or breaking the existing financial paradigm, or at least sympathetic to these interests. I browse the bitcoin subreddit every now and then, and it's changed drastically from even a few years ago. It's full of comments celebrating selling bitcoin to pay off a mortgage or become a homeowner. Because that's the real goal apparently. I've similarly noticed comments about how nobody actually bought and held for >5 years ("those are just bots!!"), and that bitcoin might "go to zero" at any moment. I don't think many people there are interested in using it either, it's just a line item in their robinhood account or something. I one point I would have pushed back against these notions, but at this point it would be spitting into the wind.

Anyhow, it's nice over here on SN!

It the route blinding. CLN adds a fake hop - the "entry node" of the BOLT12 blinded path is actually your own node. Choosing an appropriate fronting node requires knowing how much you'll be receiving, how much inbound liquidity your peer has, how reliable they are, etc.. So for the time being CLN doesn't add a blinded path by default.

I think the point is to reduce conversion per ad. The more people that run this, the less profitable each ad view becomes. Disincentivizing ad spending is the goal.

I hadn't heard of drywells. The permaculturists would use swales to a similar effect - capture surface water until it has time to soak in, and provide organic matter to soak it up like a sponge. In some instances it looks remarkably effective. This sounds like the more industrial scale approach, but I'm sure there are tradeoffs.

Oh, interesting - I was anticipating fingerprinting would be about wallet fingerprinting using heuristics on transactions, but this is about fingerprinting clients. I guess that makes sense given the occasion.

Anything you're particularly excited about coming out of this @schmidty? And thanks for sharing.

I think it was worse at my school - a full 50% attrition in the first year, and we only had STEM degrees, so there was no switching major to something "easy."

I think schools could do a much better job preparing students with good study habits, time management and generally more "grit" before entering university. Sure there are some really bright engineering students, but even many of those faced a setback at some point. The thing most engineering grads share is perseverance and study skills.

Another problem I see, in the US at least, is we turn kids off from entire professions because we seem to have a societal disdain for math. "Oh, math's not important - you won't use that anyway." That should never be a response when a student is struggling. More like: "these are some abstract concepts than can be difficult at first, but that's normal and you can overcome this - let's try again." There are a lot of students who could have been capable, but have given up on math before they even get a chance to study it at a higher level.

Lol, 'trash" and it comes out looking incredible. I love seeing the process behind the scenes. Great content, thanks for putting this together!

Similar, but just is frustrating is the other common occurrence:

Wow, you can see the great recession in US demographics. My son is at the bottom right of this slope, but I felt very fortunate to be gainfully employed at the time. That was not at all the prevailing sentiment at the time.

That's got to be the Tor option, no? I'm certain Uber tracks the hell out of it's customers. The real question is whom they sell the data to.

Reality is getting weird when you've got to take an uber as a VPN.

I've run some of the Mistral instruct and smaller Ollama models myself, but generally rely on trymaple.ai. Can't say I've had this concern.

I use a 5 year old NUC I had around. I've been pretty happy with it. 4 core i7, but it's still overpowered for a bitcoin and lightning node.

I still think the most useful degrees are technical - engineering, medicine, etc.. From my experience with a mechanical engineering degree, most of the grades were from tests and the homework was essentially just your own practice and reinforcement. If you're not learning the equations and solving the problems on your own there's no way to reasonably complete the tests. I don't see how AI significantly impacts those. Computer science degrees may be in trouble, even though I think there's some value in learning and pursuing a degree there.

I think the technologies we interact with do impact the wiring of our brains at a fairly deep level. Even the ancient Greek orators were concerned with reading and writing that it would weaken students memories. AI offers some compelling uses, but I worry about the side effects of dependency and mental outsourcing a lot. Especially when the results can be mediocre to outright flawed, what happens when the ability to think critically about AI output is simultaneously impaired?

I've been pretty happy with protonmail. At $3.99 per month there are probably cheaper alternatives. You can pay in bitcoin though.

I'm using an Intel NUC7i7. The memory is expandable up to 32GB. It sips power and has been rock solid. It seems to be a nice compromise between a Pi and a proper server, but I do appreciate the small footprint.

It's ironic that one of the legitimate criticisms of chapter 2 is that Wall St. now owns and deals in bitcoin. Well yeah, if you wait 15 years on the sideline you're eventually going to get passed by. This is like the stick in the bicycle meme.

I used to make a lot of stuff out of plywood - laser cut or CNC routered. I always thought it was a shame that these designs are never quite universal. That is, if you want a tight fit, each slot needs to be the exact width of the actual plywood it's slotting into. The process was always:

Of course, if you don't mind sanding down the slot afterward, you can leave the dimensions slightly undersized, but I always thought that defeated the point of having CNC precision.

I watched it, and there were some good points by both sides. Chano's arguments made sense in a perfectly efficient market, over a long time horizon. They were principled I would say. Rochard argues there are issues with the current bond market and enough forward looking aspect to stock valuations that the elevated mNAV is justified.

I haven't made up my own mind entirely, but it's an interesting thought experiment and the debate is worth the watch. The arguments are all made in the best faith and with the intention of learning, which is a refreshing departure from most of these things. Kudos to both.