“Less noise, more signal” is a common mantra among bitcoiners, but for newcomers, wth does this even mean?
What’s the noise in Bitcoin??
I know many higher than thou bitcoiners who would probably say $$ price, but imo price is one of the most direct/translatable ways to understand what Bitcoin “does” for newbies.
And let’s be honest — Bitcoin wouldn’t be very cool if the price only went down..
Raspberry Pi based full nodes. Poor raspberry doesn't have enough oomph and at current prices you are better off getting a used Dell or HP pc.
All your node needs to do is stay in sync. You don't need much performance for that.
It's true that you can get better performance/price from used laptops and other alternatives. But a raspberry pi is fine if you want something straight forward (just use a good SD card, rated for endurance).
Also, it's perfectly fine to run a node on your desktop/laptop. Bitcoin Core is just software.
Sorry, I wasn't clear. I ment LN node.
Ah, yes, LN does want more performance than Bitcoin Core. Though if you just want to learn about LN, you can still run a node on Raspberry Pi. It just won't work as well.
Ah, yes that helps tremendously
deleted by author
Like I said, you can do better than a raspberry pi in terms of performance/dollar. But the claim that Raspberry Pi's are too slow to be full nodes simply isn't true. They'll stay in sync just fine given time to catch up. That's sufficient to be useful.
deleted by author
They're a great learning tool, but once you have your bearings, it's a good idea to upgrade from the pi. I had an LN node on a pi for well over a year before migrating it to a 2012 MacBook, and now it screams in comparison.
Also, less power issues. The pi4 is so finicky with external drives.
It doesn’t have enough oomph for what, exactly?
Anything
Apparently OP meant lightning node. I have a RPi acting as a full Bitcoin node no problem.
it also runs no problem on any laptop, no reason for a dedicated device
Personally, I see value in an always-on device that has a physically small footprint so I can tuck it anywhere. But to each their own.
deleted by author
my raspberry runs my bitcoin node fine though
UASF proposals. We have so many complex things that can be built now with existing primitives and consensus. Let’s master all those first before we add more layers of complexity.
Love this one.
Current state of tech is enough to support so much adoption that hasn't happened yet. I wish more energy was put into leveraging what we have tech-wise to increase usage instead of going crazy with expanding the base layer.
Unit bias, most people I talk to just can't accept that they won't be able to own 1 full BTC, so why even try, unfortunately that's how much thought many people put into it
I couple of years ago I set myself the lofty goal to own 1 full BTC. I'm not there yet and I might never make it but I can say the benefits of having this goal can be tremendous with the right mindset.
That said, I should also stipulate that you still need to keep yourself grounded. I can imagine some people going too far. I have a few counter rules.
To put into more concrete terms how this works. Let's assume the average dollar price of BTC is about 21k in 2023. So in theory, if you could DCA about $400 per week you might get there.
Most people can't afford 400perweek,myselfincluded.Icanafford100 per week though. So the goal is to start thinking about how I can get the extra $300. It seems like a lot, but it's in the realm of achievable if you think outside the box.
It's a psychological threshold and it's understandable. Everybody wants to be a crab. But unless the population decreases significantly, not everyone can. Most are going to have to set themselves a lower target. And with each halving cycle, perhaps knock one zero off.
deleted by author
If you're alluding to the golden ratio (which is closer to 0.618), I don't think the average normie has even heard of it.
0.1 is a more realistic goal for many, it also depends on where one lives etc. I'm in some FIRE-themed subreddits for example, where folks are generally well-off, with 6 figure jobs and brag about their net worth and celebrate hitting the milestone of 1mUSD,butatthesametimecomplainit′snotevenmuchofanachievementthesedaysandyouneedatleast3m to retire. I don't think they own any BTC, because it's hardly ever mentioned, while they mention stocks, bonds and cash. So there are cohorts like that too.
deleted by author
Distractions:
deleted by author
Holy shit, how'd that one slip my mind? That should be near the top. Has America always been this dumb?
deleted by author
Bitcoin Twitter
Arguing against strawmans.
Governments and the fiat system. What the Fed is gonna do. What the SEC is gonna do.
~ Buckminster Fuller
Macro talk. Plenty of smart analysts out there, but it's almost comical how off-base their predictions tend to be. This time last year nobody thought we'd be getting +5% rates alongside the S&P500 nearing ATHs.
nostr as a Twitter clone. No social media platform has ever effectively replaced another one by being "the thing we already have, but slightly different". Brand new apps and machine-to-machine communication are where it gets really interesting. I don't care how shit the site was or is, nobody needed another fucking Twitter
I've been thinking along similar lines. IMO, Nostr will fade into obscurity if it doesn't transcend the confines of social media. And what a lost opportunity that would be.
You're the second person this week who I've seen bring this idea up, which has given me the initiative to start a list of the things that Nostr has made possible -- if only people would pursue those awesome possibilities.
I haven't even started building it yet, but I'll put it out there for anyone to steal the idea; an uncensorable bracketing/tournament system with payouts. I like to play in video game tournaments somewhat regularly, and I've seen how some companies exercise control over these communities when they get too big. Take the advertising money and the throat to throttle out of the equation by putting everything on nostr and adding sats payouts.. you have a system where people can enjoy their hobbies how they like, rather than what big corps will "allow".
The existing tournament bracket apps kinda suck on mobile, too. Very slow and unresponsive, and basically unusable in in-person situations where there's hundreds of people on the wifi. If something agnostic can be built that doesn't need to send/receive a lot of information, that would be killer imo.
Bolt.fun is doing a month-long nostr hackathon starting Oct 3rd, btw ;)
That's a good idea, I'll add it to the list.
That reminds me of a related idea I had: to use Nostr to replace game-servers entirely, using Nostr for matchmaking and to transmit game-state updates between clients. Multiple relays could be used to reduce the chance of connection issues.
I'll check it out, thanks!
I've also had this sort of idea! Though more for replacing the master server list, not for actual communication between server and client (I think that would be way too slow). You could run a Minecraft server, for example, and publish to nostr where you're located, rather than relying on a centralized Microsoft server.
Trading could be a big distraction. Some people tries to make more Sats doing trading and 90% of them will loose their capital.
The price, but i understand that is a little bit difficult to arrive to that. Maybe the altcoins have something to do with this, don't you think?
yeah i think price can def dissuade you to more short term thinking, but in terms of newcomers getting the "signal" they need to understand bitcoin, I do think seeing and understanding the fiat price is a critical part of that
Sure. Its price going to infinity asymptotically is essential for it to be cool. But that doesn't mean short term volatility isn't noise.
On-chain analysis.
Alt coin propaganda
Price predictions
tits
not sure that's just a bitcoin distraction
Thr biggest is the Leverage Trader... They doing blame a lot of things #bitcoin one of them 😅
Bitcoin needs mass adoption. But, unfortunately only 67% of the World population have a chance to reach internet connection.
We're pretty far away from that being our bottleneck
Pretty much everything bitcoiners have made in the last 3 years:
distraction: spending energy on any and every opportunity available to "criticize" rather than solve
if earning sats on SN is a waste, what are you doing here?
https://imgprxy.stacker.news/fkG9wM2ZQOXOvnmRm5LVCPMASn8e9gtY1T54xny8hQI/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLmt5bS1jZG4uY29tL2VudHJpZXMvaWNvbnMvb3JpZ2luYWwvMDAwLzAzNi82NDcvU2NyZWVuX1Nob3RfMjAyMS0wMy0wMV9hdF8yLjI4LjM5X1BNLnBuZw
So your critique of my critique is, I should go fix it myself or stop using it. Super.
Nah, the critique here seems to be that you're calling a distraction am activity you actively participate in. In asking, "what are you doing here?" The commenter doesn't conclude, but rather creates space for you to explain why you like to distract yourself from important things.
It wouldn't be a good distraction if it wasn't effective.
nah just ask yourself if using my every post to "critique" this platform you're logging onto every day is the best use of your energy
i can appreciate hot takes but you don't offer anything constructive, it's just negativity
I spend a few seconds posting hot takes and it drains minutes or maybe hours of other's collective time reading and responding to them.
If that isn't peak distraction technology, IDK what is.
https://imgprxy.stacker.news/zQtTHH4W0h0lukyGVmoKz-JR7WWkoNV6VEDVtK6iHCs/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLmltZ3VyLmNvbS82eUZLRkoyLnBuZw
At this time, I just want to protest, thanks.
deleted by author
😢
One such distraction is all the social media influencers who claim to be Bitcoiners. They are eager to shill companies whose services only serve to separate you from your keys/coins. And they often say things that are counterproductive to the adoption of Bitcoin (e.g. S2F).
The Bitcoin influencer scene is undoubtedly some sort of informal pyramid/MLM scheme. They usually interview each other on their podcasts, to give each other exposure to each-other's audiences. Hopefully it will all be wiped out during the upcoming global depression.
Bitcoin compared to USD... It shouldn't be. For example, EUR price isn't always compared to USD, but only when traded on Forex market! Then, why BTC should always be compared...? 🤔
Anything bells and whistles - if it's not directly about the disintermediation of the banking system it's noise.
Beginners but they are also important for adoption.
That is beginners doing the following:
The above is where people possibly would lose their money and get disenfranchised
deleted by author