I’m curious what people think is an appropriate proportion of someone’s KYC/Non-KYC bitcoin stack.
Edward
Edward@bitcoinmentor.io
npub1f86c...5px6
LiveFreeBTC | Advocating Bitcoin adoption in #NH | Mentor with
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Resources for a best practice seed security method?
@Damus #121
Bullish on Bitcoin
Are there any NH bitcoiners on Nostr?
Looking to start a meetup
When will we get Fedimint/Cashu mints for nostr for “zapping”. These would be far superior to lightning txs in my opinion
Everything up until now will be looked back on as “The good old days” by the Bitcoiners that are in right now.
The ETF approval is going to bring in an entire mass of people that don’t care to understand how #Bitcoin works, and will have no incentive whatsoever to learn about it either. They will buy and hold the ETF product and benefit from price appreciation just like the rest of us.
The beautiful thing about Bitcoin is that everyone who truly understands what they own right now had to come to an understanding of Bitcoin through truth. No shortcuts or handholding. If you didn’t properly custody or learn how bitcoin works then you most likely either lost it or sold it by now.
If I had to assume, I would guess that these current holders are much more moral people than the ones that are about to enter the market.
My fellow Bitcoiners, do your best to hold onto what you have. Those of us that hold this precious asset into the face of mass adoption will have immense power to shape the world in our image. Let’s go and make the world better than how we found it. 🧡
Does anyone have any experience with flare.pub?
I login but no video ever starts playing. Not sure if it’s a bandwidth issue or seething in my end
Nuclear energy subsidized by bitcoin mining
Imagine if these institutions that custody the Bitcoin ETF re-hypothecate their holdings or not hold 100% reserves.
Bitcoin will naturally increase in value despite this due to organic adoption and demand coupled with new supply cuts.
Over the course of the next decade we could see these institutions blow up due to not being able to give their customers the money that their Bitcoin should have earned because of price appreciation.
I think this could be the final reckoning of the traditional system if it were to happen. It would be truly catastrophic and comical to watch.
This is a must listen View quoted note →
Fun hack I came up with
ecash/Cashu tokens on a credit card sized NFC card (ntag 215).
How it works:
Ntag215 only can hold just about ~500 bytes of data. Throughout testing, one singular ecash token is ~400 bytes. Tokens are stored as amounts in powers of 2.
Example:
If you have 100 sats in an ecash wallet, you could have:
1 - 64 sat token
1 - 32 sat token
1 - 4 sat token
Likewise you could have:
50 - 2 sat tokens
How many tokens you intend to send will directly impact the size of the text string representing your ecash token.
By minting tokens as numbers in powers of 2 ie - 128,512,2048 sats etc, you can then store that token on an ntag215 card.
What we end up with is physical bearer ecash that can be traded around like physical cash and can be instantly redeemed by anyone in possession of it with an internet connection.
Not revolutionary by anymore means, but nonetheless a lot of fun to play with. Could see this being used for poker games as poker chips, or other fun use cases.
Credit to @calle for the software I used in testing this as well as just being an awesome advocate for ecash.
Nostr got some attention on Timcast last night.
Will this be the next wave of non-bitcoiners?
GM
Fight the good fight today
Is there a way to create a multi-sig bitcoin wallet with someone that isn’t geographically near you?
Any resources would be appreciated
Have any funds been compromised on the Lightning network since the public announcement of the replacement cycling attack?
Personally, I’m not convinced by this vulnerability until a mainnet attack is demonstrated
We really have something special here with Nostr.
I hope we can find ways to keep the network decentralized and also relatively simple for most people to use.
“Then they fight you” View quoted note →