pull down to refresh
0 sats \ 0 replies \ @justin_shocknet 19 Jan \ on: What Is The Bull Case for Land? econ
There's still too much monetary premium in land and real estate generally because of the fiat system, rendering it the hardest asset until very recently. It still has a way to go to be demonetized.
There's non-monetary value in having a lifelong homestead however, that can be a worthwhile investment to your well-being, but not necessarily your portfolio.
If there's something unique about you when combined with the land, like being a 5th generation rancher oil man or forester etc, with a good deal on an abutting parcel in a desirable jurisdiction... and you have some financial engineering ability to leverage that asset in a broader portfolio... you might be able to break even in Bitcoin terms with sats-flow over time.
Trump's bestie from Cantor Fitzgerald said so
Trump's comptroller of the currency, Brian Brooks, said he was getting banks prepared for it back near the end of term 1
Fidelity's Digital Assets infrastructure has been ready to go for awhile
Per the lending thread the other day, the market demands it
The plan has always been to make it the world reserve currency and put an end the Triffin Dilemma, inevitable milestone...
Don't think the timing is a coincidence either given the emission schedule, these big banks no longer have to worry about the impact of 4 year supply shocks
Data / USDC exfil?
The moonshot app it refers to is at top of the app stores over this, coincidence?
(note this site isn't even https)
Seems to redirect properly, I assure you there's at least one intern at the NSA who knows what they're doing
Rich people hire financial engineers, joe average at best only has access to schmucks that rich people haven't occupied already
Margin is more a tool of managing to stay rich, not get rich
In Bitcoiners case, it's a less risky and less expensive way to borrow against Bitcoin and stay Bitcoin rich instead of selling and paying taxes like a poor would
this statement sounds crazy scary reckless to me
I don't know anything about this kind of stuff
That's why rich people use margin and not joe average, requires some knowledge of financial engineering
Maybe the science fiction version would be an intent-less / ambient search engine.
I think that's what Google at one point said they wanted to do, it just requires a lot of your private data... ironically the same people that would probably most enjoy higher signal feeds are going to be more stingy with their data than average feed dopamine enjoooyer.
Surely a fortune to be made figuring this out.
evergreen-ness
Framing of that may need to change, less about what's absolutely new and more what's newly relevant to the user
How often do you get a recommendation for an old movie or TV show? Read a wikipedia article that's not been updated in months or years? Peruse an old review or blog post?
There's an infinite amount of content that would be stale on a feed, but you haven't seen yet because you didn't seek it out probably because it hasn't been relevant to you... so whatever replaces feeds (or a new algo for feeds) assesses what's new with you and your mind and not so much what's been newly posted.
I like Elon's stated objective of "unregretted user minutes", that's a distinction from user minutes more generally which has been the standard, and has long used tricks to keep people addicted to serve more ads.
I think unregretted user minutes is an evolution to the times, because people are going to spend the minutes anyway... the arb is now where those minutes aren't regretted and how they're monetized.
So, we have the feed as the emergent standard since when, MySpace era probably? And feeds have always been twitters whole thing, true also of facebook and so on. Feeds being a lindy pattern, the only option for them is to improve incrementally because we don't know what the successor to feeds looks like yet.
To make matters worse, feeds only have 2 properties to compete for minutes on, network and algorithm. Yet, both of these inevitably reward bot and bullshit DIT behavior because feeds don't work if they're stale.
The SN/Reddit-like social filtering system is the only alternative I can think of where newness matters somewhat less than in feeds, but is probably still more ephemeral than whatever ultimately starts taking user minutes away from feed based apps.
bullshit bot engagement
Problem is that's exactly what people want, to refresh and have new stuff appear. DIT isn't just a theory, it's what we've created through incentives.
Reality is that without bots and bullshit, everything is pretty stale relative to how many hours people are on their phones looking at shit.
Most of the Elon derangement syndrome that gets posted here is pretty funny because if you actually pay for the service to filter out the bots and curate your follows, it has become exactly like Nostr... a ghost town of stale feeds and low-signal dopamine seeking boredom posts.
SN is distinct from things with a feed because its more akin to the classic discussion board... I'm willing to bet the stats for desktop systems (keyboard) are over represented vs mobile devices relative to feed based apps.
Mobile devices are low-quality internet time, that results in low quality social apps. More productive devices like desktops produce higher quality content, but at lower quantity correlated to mobile/desktop device time.
2016-ish
Tipping point of mobile vs. desktop
209 sats \ 4 replies \ @justin_shocknet 16 Jan \ parent \ on: The Future Of Bitcoin Lending? bitcoin
Let me follow up with a practical tip for anyone looking to get liquid with coin they hold...
Say for example you're married with a couple kids, you don't pay any taxes on capital gains as long as its under the 95k or so a year according to the income bracket table. Single with no kids? its a little less than half that or so.
Whatever that number is you don't pay taxes on in a given year, you can sell that amount of your physical Bitcoin and re-buy it in an ETF...
You can then borrow against that ETF on margin (most brokers should allow about 50% of previous days closing price). You can keep doing that as the value goes up. Think of this brokerage account as a credit card you never have to pay assuming Bitcoin goes up faster than you draw against it...
You just need to not be retarded and max it out at ATH's, if you do a margin call will forcibly sell some (incurring potential tax liability) to bring you back under that 50% threshold.
It's the new fintech-dujour because it's an arbitrage on major financial companies not having done it yet, but they will soon, and all these startups will be dead... a lucky few might get aqui-hired.
There's also some techno-babble mixed in, some claiming you don't give up custody, but this is bullshit because coin cannot simultaneously be collaterized and unilaterally self-custodied... at best it's 3rd party escrowed in a multisig for proof it hasn't moved.
To understand where its going one must understand it's not new, if you have a brokerage account for stocks you already have (or with a few clicks can have) margin access.
Margin is where you borrow against your equities, some use this for leverage but rich people use it to avoid taxes and never sell their assets. You can do this today with ETF's... have a million dollars in Bitcoin ETF's, borrow your living expenses against it month by month... you can effectively retire on that million dollars in coin without ever having to sell or pay taxes because you're just borrowing against it. Rates on margin are pretty good because its institutionalized, under 10% with any scale.
The problem with ETF's is if you have actual coin, you can't get to ETF from coin without incurring a tax sale... this will probably change too with like-kind exchanges... but sooner than later the likes of Fidelity, Cantor Fitzgerald, NYDIG etc will allow you to skip the ETF step and just give you margin on coin they custody for you. Those 3 already announced as much, I'd expect at least one of them to make it available by year end.
What are actual benefits for me
You'll know that coin you receive to it is real actual Bitcoin, all the Bitcoin you've received up until now you've been trusting someone else to ensure it's authenticity.
running node is as simple as running core
Core is a node, supporting the network involves other things like being an economic actor, serving blocks, relaying tx's, etc... network related services.
doing things its supposed to do?
Like what? Did you verify the code is what you want it to be? Do you want it to serve the broader network? Do you have the appropriate internet configuration for that?
What is actual utility?
You've never used Bitcoin before, now you can start...
Is it safe to create wallet and hold some sats on this software?
Based on the rest of your questions, I'm assuming not. I doubt you verified the hash of the binary and you probably installed it to a backdoored OS and have 0 network security.
I should also note backups are different than non-bitcoin users are accustom to... Seed phrases aren't a thing in Core.
Can't say for certain anything has even been maintained for CPU mining, odds are if you find something that looks maintained and easy it's going to be malware.
I recall mining on a video card with this 1000 years ago when it was the standard, probably the best place to start if you're just doing it for the research:
btcd might also still have the CPU miner in it, or there's like 2012 archive versions of bitcoin coreThe plan is to consolidate the 5 eyes countries as US protectorates, Australia UK NZ come into the Overton window behind less reachy Canada/Greenland
Slow drip > flood
Article V Convention theory has never been more on track...
Atomic swaps for LN have been around nearly as long an LN and pretty stable, the Boltz implementation of them has too and the service run by Boltz is suprisingly reliable... I imagine the changes you needed to make were a customization, because you were using a clone that wasn't configured properly, and as an early user of that particular clone to it you got to find the bug.
That said, it's never going to have the UX people have become used to in crypto more broadly, where stuff is completely trust-based and centralized.
Per your other thread:
The LN invoice was raised from Wallet of Satoshi
Since you're using a trusted wallet already, there was no point in trying to do a trust-less/atomic submarine swap... you would just generate a chain address in WoS to round out the custodial UX.
Submarine swaps are really for node operators doing advanced liquidity management and generally have better grasp the end-to-end machinery, while end-users will unavoidably continue using the trusted versions for better UX.
Depends on what you're building, why you're building it, and how you're wired naturally. I guess I reject the question, because answers inherently contain lots of projection and not advice.
Could easily flip the responses around:
-
lack of conviction of what you're building means you need a daily attaboy from internet strangers with no skin in the game
-
fearing people might think you have something to hide so overcompensating with platitudes of transparency
-
fear of being out-maneuvered by competitors and so planting a decorative flag without even having shipped
Given that Steve Jobs is looked back upon as founder-Jesus, does anyone really think he paid any mind to what internet strangers would have thought about his products before the unveil?
Reality is the overwhelming majority of projects will die in obscurity, public or not. So all focus ought be simply not dying.
I like the docusign/envelope concept, consider having the option of just outputting the raw events without a log-in... I don't expect many are/will take to URI based signers like nsecapp/amber that require a native proto handler
The management console is SaaS, but on the board is self-hosted signer to plug into it so you don't need to trust us with the nsec
It's not meant to have the signer be entirely offline, but rather have it be least-privileged (eg a fenced appliance locked down with iptables and so on to only communicate via the dashboard)
The widget for apps with it is NIP-07 based, so if you'd like to drop it in there as an option I can let you know when we're ready to have others beat on it... the service side of it also allows normies that just want an email based log-in to participate without added friction.
People get real mad when you point out that better money doesn't immediately help people that don't have any money.
If the goal is signing/encrypting then there's command line nostr tools for that, browser extensions that do that are simply unfit to exist... may as well just use custodial nostr or trust the web client which is all the extension is anyway but with more storage access..
Unfamiliar but found it, https://sigit.io/ - links help when shilling...
Not quite sure I get it, it's a composer decoupled from the signer? Why can't I use it without logging in? Shouldn't the purpose of this be to give me something to sign externally?