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0 sats \ 0 replies \ @endothermicdev 10 Nov \ on: My friend wants to be orange pilled bitcoin_beginners
The early Andreas Antonopulos videos are great at conveying how revolutionary bitcoin is, the ethical implications of a neutral monetary policy + immutable, censorship resistant transactions, and why the status quo doesn't appreciate it. It's hard to watch them without getting worked up and excited for the possibilities. I would start somebody new there before getting into the technical details.
0 sats \ 0 replies \ @endothermicdev 7 Nov \ parent \ on: Are you saving SATS for your Kids? bitcoin
Good advice. This is about a once a year event for me personally, so I'm not too worried about it currently. Feerates are a bargain right now if anyone's looking to consolidate utxos.
My son has his own hardware wallet. I started by buying bitcoin with the stimulus money we got in his name several years ago, and have been adding since. It's my view that the world is getting less meritocratic in many regards. I'm not actually sure what the overall change of social mobility has been compared to when I was growing up, but I could basically get through a pretty decent college education with a combination scholarships, a summer job, and/or a very small loan. What are the odds of my son being able to do that a decade from now?
On the other hand, it is becoming easier to learn and certain entrepreneurial activities might be more accessible to him. I hope there's increasing opportunity for him in the future, but to hedge, I think it's wise to start him off with enough that he has options. Of course that also comes with an increased requirement of responsibility, and self control, but those are attributes I try to instill in him anyway.
Ideally he won't need these sats, can keep them safely stored, and reach financial independence a bit earlier than he otherwise would. Perhaps having a bit of savings that is already working for him will provide a bit of optimism for his future. At least it does for me.
That was fascinating. Our ape brains definitely come prewired for tribalism - sometimes to our detriment.
I think with investing it's a little different, but there's something similar going on. Intelligence often seems counterproductive, but I think there are some orthogonal attributes that are maybe also prerequisite - an ability to reason about exponential growth, and a healthy amount of introspection of one's emotional state. A healthy appreciation of statistics may come into play as well. In any case, I've met several very bright people who made for terrible investors.
I used to make a batch every week with plain whole milk from the store. A spoonful of a previous batch it enough to inoculate the new one. Just simmer the milk first and let it cool before adding the culture.
I've never made it while travelling - thanks for the tips!
The La Quinta in downtown Austin always seems to be popular with bitcoiners. Reasonable accomodations, but pretty minimal. Close to pleblab and the rest of downtown. Can't beat the price.
Yes, here it's telling the sender to get to the provided node, then ask it to use that channel. The channel is using an alias, because it's not public, but that node will know which one you're talking about. Then, the sender can compute the route and factor in how much this peer charges to use this channel.
Your node can add multiple of these hints and each hint can even have multiple hops. It should be smart enough to figure out which hints it needs depending on the size of the payment and how much inbound liquidity you need.
However you're generating an invoice, there should be a route hint included in the result. This tells the payer how to get sats to your node if it will need to use private channels.
Try generating an invoice and decode it. If a route hint is not included for your private channel(s) with inbound liquidity, it could be impossible for a sender to complete the payment. Generally your node should know that payment will be impossible without a route hint (if that's indeed the case) and it should include one without prompting.
I can't imagine letting it get to that point with my son. He just started high school, but he's already looking forward to getting a summer job - he's so excited to earn his own money.
We also live below our means, spending on what we need, but trying to avoid frivolous spending. Occasionally we take international vacations that the average family might not, but otherwise you probably wouldn't suspect us of having any wealth. His friends' families generally have nicer houses, more expensive cars, etc.. I feel like it's my duty to keep him grounded during childhood. We talk about this from time to time actually. Hopefully being conditioned to spend money on what's needed but not on "all the material things you could want" will put him in a position to not feel the need to seek money from us in the first place.
That said - I would like to start him out with some bitcoin savings at some point. I think the optionality of having a bit of savings is healthy. I do worry about the timing and how to go about this though. It might be best to wait until he's established himself and already self-sufficient.
"A purchase of a digital product grants a license for the product on Steam." This disclaimer appears as though it's likely related to a California law set to come into effect next year, which'll stop digital storefronts from using words like "buy" in relation to things like game licenses unless it's obvious what people are spending their money on, as part of a move to make it clearer to consumers what they actually own
I think this actually makes some sense. It definitely feels like you're licensing access to software and not owning it in any sense. Might as well call a spade a spade.
Well, the BoJ interest rate is next to nothing (0.25%), so I see how it's theoretically possible given a favorable economic climate. I'm skeptical though.
"BTC Yield" is an odd term, but basically their convertible note trade has resulted in more bitcoin held per MSTR share (to the tune of +17.8% year-to-date.)
BTC Yield KPI From July 1, 2024 to September 19, 2024, the Company’s BTC Yield was 5.1%. From January 1, 2024 to September 19, 2024, the Company’s BTC Yield was 17.8%. BTC Yield is a key performance indicator (“KPI”) that represents the % change period-to-period of the ratio between the Company’s bitcoin holdings and its Assumed Diluted Shares Outstanding. Assumed Diluted Shares Outstanding refers to the aggregate of the Company’s actual shares of common stock outstanding as of the end of the applicable period plus all additional shares that would result from the assumed conversion of all outstanding convertible notes, exercise of all outstanding stock option awards, and settlement of all outstanding restricted stock units and performance stock units. The Company uses BTC Yield as a KPI to help assess the performance of its strategy of acquiring bitcoin in a manner the Company believes is accretive to shareholders. The Company believes this KPI can be used to supplement an investor’s understanding of the Company’s decision to fund the purchase of bitcoin by issuing additional shares of its common stock or instruments convertible to common stock.
It looks great! What sort of fiber did you use? I think linen fiber is great for this sort of application - it's durable and feels nice, but it probably doesn't stretch as much as cotton, wool, or acrylic. On the other hand, wool has some natural anti-microbial qualities.
If I can't log in with a yubikey or a TOTP time-based authentication token, I suspect that the organization doesn't take security very seriously. Ultimately there needs to be a private key involved, not punting to a third party.
I'm pretty sure you just have to convince a salesperson that you "lost your phone" and get the same number reassigned to a new sim/device. It's the number that's used for SMS based auth, not the sim itself. Social engineering is often a weaker link than hacking or physical theft.
In 2018, the U.S. Supreme Court ruled in Carpenter v. United States that police must have a warrant to obtain cell phone location data from service providers like AT&T and Verizon. But Nate Wessler, the attorney who argued the Carpenter case and the deputy director of the American Civil Liberties Union’s Speech, Privacy, and Technology Project, told the Observer that companies have justified selling phone location information through data brokers by arguing that mobile ad IDs are anonymous.
"These companies absolutely trot that out as one of their defenses, and it is pure poppycock. … It’s transparently a ridiculous defense, because the entire thing that they’re selling is the ability to track phones and to be able to figure out where particular phones are going," Wessler said.
Selling all harvested data from smartphone apps to deanonymize and track individual users without warrants. It sounds like Graphene's time has come.
I think by the time you're ~2% of the network it wouldn't be necessary. But it does seem like enough to bootstrap your own pool if you were so inclined, which would benefit others.