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mina634
mina634@nostrcheck.me
npub194mf...up9k
bitcoin we trust
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mina634 1 week ago
100 dice rolls already give ~258.5 bits of entropy (which fills the 256-bit requirement). 200 dice rolls give a whopping 517 bits of physical entropy, which provides a huge margin and removes any deviation that may arise from inaccuracies in the dice (e.g. uneven weight). Regular plastic dice are never 100% perfectly weighted. But since with 400 rolls you have over 1000 bits of physical noise, even if the dice are a little "skewed" and some numbers come up more often, the actual pure entropy is still well over 256 bits.
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mina634 1 week ago
CBDC and ATM - A red message appears on the screen: "Transaction failed. Your limit in this category has been exceeded. Contact customer service."
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mina634 2 weeks ago
Post Office / Horizon: When software created by Fujitsu showed deficits in branch accounts (which were actually caused by bugs in the system), management automatically assumed that the system was flawless and that local employees (sub-postmasters) were to blame. Hundreds of people were convicted, forced to pay the "deficits" out of their own pockets, or imprisoned. CBDC / Central Payment Systems: When control is centrally held by a bank or central bank, the individual is powerless. If a central server says a transaction is illegal, a limit has been exceeded, or an account balance has been altered, the average user has no independent mathematical way to prove otherwise.
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mina634 2 weeks ago
As the financial system and social structures begin to crumble, the establishment of power ultimately comes down to the most rudimentary means: direct physical force and home visits. This is a historical pattern. When the state loses control of the economy, the purchasing power of money (FIAT inflation), and digital flows, the bureaucratic apparatus becomes aggressive.
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mina634 2 weeks ago
The current KYC/AML hyper-regulation and physical racketeering risks in France and other countries are actually a modern, digital, and bureaucratic analogue of the 1933 gold re-issue.
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mina634 2 weeks ago
"Wire in the ass" or digital serfdom: While in the feudal era, a peasant was tied to a specific piece of land and the whims of the landlord, digital, programmable money creates digital serfdom. A central authority can, figuratively speaking, use a line of code to decide where, when and for what you can spend your money, or when it expires.
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mina634 2 weeks ago
In a normal, healthy economy, technological advances should lead to the cost of living, such as electricity and goods, becoming cheaper for people. But because fiat money is being printed faster than technology can bring prices down, it still seems to us that "everything is getting more expensive."
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mina634 2 weeks ago
Absolute Density (Maximum Information Entropy): A 256-bit container has 2^256 possible states. If you input 400 dice rolls into it, you guarantee that all 256 bits are 100% random, without any "holes", structure or pattern. The bit system has reached the maximum possible entropy density.
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mina634 2 weeks ago
In the case of a 512-bit entropy space (2^512), this is a number that completely exceeds the physical limits of the entire observable universe. 200 dice rolls on entropy give this result!
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mina634 2 weeks ago
The failure of laws is the best reminder: Bitcoin does not need state permission to be the world's safest and most honest monetary system.
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mina634 2 weeks ago
Jeff Garzik: A system is immune to attack when it is held by so many different layers of society—the poor, the middle class, the rich, institutions, and governments—that the state cannot arrest them all at once. When you attack this money, you are already attacking your own society.
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mina634 3 weeks ago
Just as Gutenberg’s printing press took away the monopoly on information from church and state, the internet took away the monopoly on information distribution from traditional media. Bitcoin is now doing the same thing with finance – the blockchain acts as a global, immutable, and neutral public ledger that no government can overwrite by bilateral agreement.
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mina634 3 weeks ago
Bitcoin is already proven money by its very nature. L2 will soon overcome its flaws (if there is a decentralized, bug-free L1 vault similar to Spark). And banks - will go bankrupt if they lie about their paper bitcoins.
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mina634 3 weeks ago
KYC (Know Your Customer) is inherently antithetical to the fundamental principles of Bitcoin and the UTXO architecture — a system designed to be pseudonymous, censorship-resistant, and adversarial peer-to-peer cash. While the mathematical model of UTXO provides technical security, KYC creates a human security hole that cannot be fixed by any blockchain algorithm.
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mina634 3 weeks ago
KYC and related leaks are spreading across the globe. Thank the politicians who are taking part in this.
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mina634 3 weeks ago
Cash under your bed mattress: inflation. In the bank: bank promises + inflation. Bitcoin: deflation. In self-care.
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mina634 0 months ago
The year 2009 did not simply give humanity new technology, it held us in front of a mirror. The mathematical "outer eye" works flawlessly; the question is whether man can cultivate the local discipline and wisdom to live with this powerful tool without causing direct harm. These two qualities are not unattainable — they come through conscious practice, systematic thinking, and taking personal responsibility.
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mina634 0 months ago
Bitcoin is not God or a living being, as it lacks will, consciousness, and morality. It is a blind, impartial protocol. To humans, it may seem "divine" only because, unlike human institutions (governments, banks), its rules are the same for everyone and it cannot be bent by bribery or force. Bitcoin is a thermodynamically secure information network that links terrestrial energy production and inter-space data communication into a single immutable, time-lasting ledger.
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mina634 0 months ago
A pimp or human trafficker is analogous to a central corrupt intermediary or bank in the financial system – he lives off another person’s vulnerability, takes away their freedom, and takes a cut of the profits. True sovereignty means that there is no intermediary who enriches himself at the expense of another’s labor and body.
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