Can confirm Coinkite doesn’t require KYC. And the packaging has better security measures than anything else you’ll probably order. View quoted note →

We need fewer bitcoin treasury companies and more Bitcoin revenue companies.

Privacy is the natural state of the world. It takes a lot of effort to invade privacy at scale. Be vocal to friends and family about taking back privacy. Normalize it. Reject the idea that only the paranoid want it. For all of human history privacy was the default and required little effort to maintain it. It’s fundamental to human flourishing.

Index funds are just fiat mining pools

Are you a bitcoiner and jealous of normies HVSP? Here's a strategy just for you! It's a strategy for the average pleb; let's call it NanoStrategy®. Step 1: post bitcoin as collateral for a fiat loan. Step 2: buy anything you want with the fiat (even more bitcoin) Step 3: number go up and now you can borrow more fiat. Step 4: oops number go down and since timing the market is hard you have to sell some at a loss. Step 5: others did the same thing and number is going way down from all the liquidations. Step 6: everything you borrowed is liquidated and even some of your collateral. Step 7: Banks and Saylor with access to cheap fiat come and buy bitcoin at clearance prices and you have less bitcoin than before. If banks buy bitcoin directly they enrich the average pleb as the price rises, but if they extend you fiat credit under predatory terms they get it for free and lock you out. Don't borrow against your bitcoin, anon.

A basic recipe for vibe coding: - idea - README - tests - code - recurse Write the README with your idea, constraints, extra context, etc. Then vibe some tests for the functionality you want (they’ll obviously fail) that help ground the AI model automatically. If the model can then write code to make the tests pass you’ve got an MVP. Then do it all over again for the next feature.

🎯 The whole bitcoin stack is a free market. Markets are dynamic and sometimes do things you don’t like but in a free market you can be the change you wish to see too. View quoted note →

The reserves are made of fraud and deception. This should be a “Soylent Green is people!” moment for the bitcoin community. —— Side note: I’m starting to realize just how many references I make to old stuff. I wasn’t born a boomer but time works differently in Bitcoin. View quoted note →

You love your wife, girlfriend, etc. You want to avoid your ex-wife, ex-girlfriend, etc. When you see a platform named X the writing is on the wall.

Less X, more Nostr. Don’t engage on X and feed their ad revenue machine. Ignore Meta products. Tell TikTok to KickRocks. Open source is the only way out of this mess. View quoted note →

Great discussion on the OP_RETURN front. Shinobi makes good points about the ineffective filters adding more centralization pressure in mining due to products like slip stream. My concern the whole time has been about how nodes signal what they value but clearly these config options are not the way. These filters are not “free” as in having no downside. I’m coming around to the changes but need to think on it more. View quoted note →

Don’t borrow against your bitcoin. You put your stack at risk for something a bank can print for free. The lending terms put more of your corn at risk than if you were to just sell it outright. Don’t play fiat games with bitcoin without understanding the risks.

Back to the classics. The paper that introduced public key cryptography: _New Directions in Cryptography_ by Whitfield Diffie and Martin Hellman (pdf warning) https://ee.stanford.edu/~hellman/publications/24.pdf

In the bitcoin community we often talk about absolute scarcity and how humanity is not adapted to the concept. We’ve never had anything that was truly finite. The internet era has also brought another profound idea to the masses: permanence. In centuries past we passed down ideas, stories, biographies, etc through books but there was scarcity of access to that technology. Very few people had access to a publisher and when they did they often didn’t have an audience for their biography. Today nearly everybody has access to a publisher (social media) and an audience (even if it’s just bots and data farms or surveillance states) and we’re producing content that will endure more or less “forever” on the internet. This is something the average person has even less familiarity with than scarcity. We don’t yet understand the consequences.

I still believe nodes should be able to signal what transactions they think are spam (important in any future soft fork discussions), but this is an amusing counterpoint. View quoted note →

#hamstr great video by @DudeChicken View quoted note →

Don’t do slugs, kids. View quoted note →

@vnprc I’m reading through

Redirect

to understand ehash a little better and I’m still confused about the tokens. It mentions they accrue value until some point and then are redeemable for bitcoin. Do they have an expiration? For example, if I have 100 sats worth of ehash at maturity can I hold it indefinitely? Then maybe a year from now (assuming the pool is still active) I can redeem or does it expire at some block height? Sorry if it’s a dumb question and let me know if there are other docs to read up on.