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0 sats \ 0 replies \ @nullcount 8 Sep \ on: Researcher predicts 99% unemployment by 2030 without safety measures AI
I could see 99% of researchers being unemployed by 2030 based on this kind of reasoning
171 sats \ 3 replies \ @nullcount 7 Sep \ parent \ on: The Cost of a Bitcoin Node - Eric Voskuil bitcoin
Its okay to be a "burden" that's what the infrastructure is for. A new node doing Initial Block Download (IBD) is definitely occupying network's resources.
The marginal user isn't "helping" the network very much because they're not able/willing to upload terrabytes of block data to other new peers doing IBD. It takes additional configuration to share blocks using bitcoin core.
Running node is a mostly selfish act -- it request blocks from peers so you can verify them for yourself, it hoards and indexes the blocks so you can do transaction lookups without relying on a third party.
Running a node with
listen=1 and a piblic IP bind address, uploading many TBs of blocks per month is a mostly altruistic act -- The most trusted altruistic nodes are listed in the seed_lists which bitcoin core nodes use to find their first peers on initial startupNow show the price of storage in BTC terms! Running a node gets exponentially cheaper if you invested your BTC into your node instead of saving in fiat for node upgrades.
Lightning nodes, especially, can benefit from more expensive hardware like ECC RAM, RAID volumes, UPS, dual uplinks, etc.
The marginal new node is a net burden to the network. Unless it is actively listening for inbound connections and "seeding" blocks to peers, most nodes are just "leeching". To seed blocks, you need public IP and lots of bandwidth. Arguably, bandwidth is the "scarce commodity" which sets the floor price for a node. Many ISPs will throttle you after 1TB of usage in a single billing period.
Telegram is designed to be a honeypot for scammers.
IMO, any company who conduct business on Telegram are committing gross negligence when their customers get scammed.
1 BTC is plenty to start. Knowledge about the protocol, systems administration, good business acumen, and creative financial engineering are what separates the pro from the hobbyist.
Your "edge" as a node is your ability to select, size, and sustain high-demand channel liquidity at competitive prices. Your revenue can disappear if some other node decides to compete with you. It's a race to the bottom to find out who can price the liquidity most effectively.
It's not exactly the kind of business you want to depend on to fund your lifestyle, unless you're confident in your edge and competitiveness. With automation, a node could become a 0.1-person operation (mostly passive).
Just because you decided not to become a professional, does not mean LN is centralized.
You also have to be a professional to run electric/plumbing/HVAC, etc. yet, you can still find many people with with those professions in nearly every town! Pretty decentralized considering the level of training/licensing/insurance required.
I don't think jobs are the problem. A rebranding to "microjob" seems pointless. Parents can pay for chores, but honestly, I think paid chores only sustains the dependency problem.
Real jobs exist already, I saw a couple of 16yo kids mowing lawns this weekend. Respect the hustle, they could probably make more than their school teacher's salary in one summer if they had enough clients.
There's also more opportunity than ever to be entrepreneurial, leveraging online to find a market for your hobbies. Maybe kids are moving towards this form of "employment" and it just doesn't show up in the jobs data yet.
More likely, I think kids are delaying work because they have parents who are overly eager to support them well into their 30's.
Before you can use the best store of value, you need value to store in the first place.
We should be trying harder to bring back child labor. If they spend their best years trading time for money, maybe they'll think twice about what SoV to keep their money from melting long-term.
Does each dot represent the (approximate) Geolocation of a node? Or is it only right up to the country level? I mean in the US, the brightest dot falls in the middle, likely in Kansas state, is that reliable?
Mempool uses the MaxMind GeoIP database. It attempts to map every public IPv4 or IPv6 address to a country, state, city. It's not perfect, but pretty accurate.
However, most LN nodes use Tor only and don't have an IP address to track. Additionally, some nodes have many IP addresses in different countries. Nodes can also trivially set up a proxy to make their IP address look like its coming from the country of the proxy and not the country where the actual node hardware is hosted.
The vertices represent the connecting channel, with the amount? Does it mean any transaction below the amount is likely to pass through between those nodes?
No. That's capacity, for a tx to work, you need liquidity in the direction of the payment.
I am not a node runner, but use custodial lightning sats with the Blockstream Green android app. Can I find a node corresponding to Blockstream and its channels?
Maybe blockstream's node is one of these: https://amboss.space/search?term=YmxvY2tzdHJlYW0=
You can generate an invoice using your wallet, and paste it into lightningdecoder.com. It will tell you the pubkey of the destination node for that invoice.
Suppose a pay at a coffee shop in Hong Kong using Blockstream green. How do I figure whether the node has liquidity to handle the transaction?
Only way to know is to try! You wallet will attempt dozens or hundreds of possible paths looking for one with sufficient liquid to process the payment. Most wallets will automatically make the payment once it finds a route. However, if you're a wizard, you can probe the path first to see if there is liquid without actually sending the payment. This involves custom route building and crafting custom onion htlcs.
work is how luck manifests itself
nobody cares how hard you work
results are all that matter
play games where you have an edge
size your bets so you don't go broke
play enough games and, statistically,
the results will look like luck in hindsight
the game doesn't play itself on your behalf
you have to put in the "work" to actualize each result
Honestly, your first "efficiency action" should be to consult AI about these questions. It can provide personalized suggestions.
There are plenty of processes and methodologies to improve efficiency and reduce waste in digital production!
- automation - API's, scripts, build pipelines, LLMs
- standardization - templates, checklists, scheduled actions, routines
- quality control - tests, CI, peer-reviews
- ergonomics - single-task UIs, emulate devices in software so you don't need to switch between physical gadgets, no wasted clicks, use keyboard shortcuts, macros, don't touch the mouse!
- continuous improvement - team retrospectives, root cause analysis, daily stand ups, team operating agreements as a living document
LEAN, Agile, Scrum, Khanban are all widely adopted systems of streamlining production of software, content, media, etc.
anyone observing me would have to conclude that I'm basically the exact opposite of efficient.
sounds like a "you" problem
Everything in cyberspace is trying to steal your attention. You have to actively resist and put measures in place to "improve your workspace".
Computers are a bicycle for the mind. Part of the reason there is no standardized blueprint is everyone's mind works differently. But if you're feeling inefficient while harnessing your computer, you should try identifying the wasteful motions you make on a daily basis and look for ways to improve.
Assume either choice is an act of murder. So do nothing. Then pull the lever out of the ground and use it to bludgeon the one who tripped. There must be no witnesses.
Contributing to FOSS isn't a job that you apply for and get approved to work on. Nobody cares what your credentials are. Every pull request you make stands on its own. Your pull request is your "job" application -- Proof of work comes first.
The other contributors that work alongside you are not your co-workers. Nobody is paying them to read your messages, mentor you, or even to give feedback on your pull-requests. You have to become the champion of the features you want to see and be ready to abandon your previous efforts for no reward if the community/maintainers disagree with you.
The best FOSS projects start by a developer scratching their own itch. There's no shame in building something for only yourself in silence. Many devs lack the fortitude and grit to build in silence, so you may find it better to build in public if the social pressure helps to keep you accountable towards your goals.
Occasionally, what you build might be useful to others, if you open source it, others might find it so useful that they'll begin to grow and maintain the project for you.
Not ready to start from scratch? Start with the FOSS tools you already use. Check out their tech stack on github. Try to run the project locally. Having issues running it locally? Make an issue! Found an easier way? Contribute to the documentation, or build tooling.
If you explore enough, you may find a FOSS project with grant funding and a "work-culture" or bounty program that feels familiar to you. It's just not the default mode in FOSS. That said, most FOSS has just one maintainer and they'll usually welcome help and feedback any way you can offer it, they're just too busy to be your boss or manager so expect to be self-led for the most part.
Most mining pools are accepting below 1 sat/vb fees. A few months ago, those txns would not be relayed by nodes or included in miner blocks.
Most trading volume of BTC is using paper instruments like ETFs, stocks, or custodial accounts. A few years ago, these didn't exist or were less popular compared to making a peer-to-peer txn.
Lightning network is more mature. Its common now for a single channel to process tens of thousands of payments in its lifetime. LN didn't exist a decade ago, but now it is the preferred way to add payments using BTC.
Nodes and ASIC machines do not emit any CO2
The freezers and refrigerant equipment that keep American ice cream cold uses more energy than all of bitcoin
Bitcoin is for anyone in the world to use. It shields savings from debasement so we can afford to stock more ice cream for next year's party
I've noticed a handful of nodes "crashing out" with similar symptoms in recent weeks. May be related to the new features (bugs) introduced since LND v0.19+