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npub13778...u7y0
npub13778...u7y0
@fiatjaf @Mike Brock About #keyrotation issue, proposal: Let's have 2 npubs per profile. The master Npub is generated (preferably on airgapped seedsigner) and is the only one that is allowed to modify the master npub associated with the profile. The child npub is the one used for everyday signing and so on If/when the child npub is compromised simply publish a profile update with new master and child npub. optionnally stamp blockheight+UTC after which the user wants to signal compromission ideally the Nostr note publishing the new profile update should be QR coded from airgapped device I know it's not perfect but it makes it already that much harder to break until we are dependent on DNS we're kinda stuck even with DIDs... also we always forget about things like the proper nonces being used for signing messages etc.... we have no control over the client's source code and whether they are doxing or not
@fiatjaf @Mike Brock About #keyrotation issue, proposal: Let's have 2 npubs per profile. The master Npub is generated (preferably on airgapped seedsigner) and is the only one that is allowed to modify the master npub associated with the profile. The child npub is the one used for everyday signing and so on If/when the child npub is compromised simply publish a profile update with new master and child npub. optionnally stamp blockheight+UTC after which the user wants to signal compromission ideally the Nostr note publishing the new profile update should be QR coded from airgapped device I know it's not perfect but it makes it already that much harder to break until we are dependent on DNS we're kinda stuck even with DIDs... also we always forget about things like the proper nonces being used for signing messages etc.... we have no control over the client's source code and whether they are doxing or not
No such thing as private property exists in nature in my opinion. However Bitcoin gets you the closest to it but not exactly. As many chance to guess your seed as there are atoms in the universe. Still not “yours”
If for you Bitcoin is a bet on making money, then please consider investing based on CONVICTION. Here’s why: -assumptions for the model: --you seek BTC @ 1M in fiat (you really shouldn’t think in fiat but hey) -- let’s use a simple Expected Value for the model: (% failure x investment) + (% success x reward) -- you invest anywhere from 1,000 to 10,000$ (only what you can lose) Results: - if BTC price is 28K you need have at minimum a 2,8% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price is 50K you need have at minimum a 4,8% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price is 100K you need have at minimum a 9,1% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price is 250K you need have at minimum a 20% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price goes down to 10K you need have at minimum a 1% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it Conclusion = the higher the fiat price, the higher your conviction about Bitcoin’s chance must be. So learn, observe, and keep learning before comitting. Take your time. If for you Bitcoin is NOT a bet on making money but create a better future for everyone, then god bless you. Few.
If for you Bitcoin is a bet on making money, then please consider investing based on CONVICTION. Here’s why: -assumptions for the model: --you seek BTC @ 1M in fiat (you really shouldn’t think in fiat but hey) -- let’s use a simple Expected Value for the model: (% failure x investment) + (% success x reward) -- you invest anywhere from 1,000 to 10,000$ (only what you can lose) Results: - if BTC price is 28K you need have at minimum a 2,8% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price is 50K you need have at minimum a 4,8% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price is 100K you need have at minimum a 9,1% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price is 250K you need have at minimum a 20% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price goes down to 10K you need have at minimum a 1% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it Conclusion = the higher the fiat price, the higher your conviction about Bitcoin’s chance must be. So learn, observe, and keep learning before comitting. Take your time. If for you Bitcoin is NOT a bet on making money but create a better future for everyone, then god bless you. Few.
If for you Bitcoin is a bet on making money, then please consider investing based on CONVICTION. Here’s why: -assumptions for the model: --you seek BTC @ 1M in fiat (you really shouldn’t think in fiat but hey) -- let’s use a simple Expected Value for the model: (% failure x investment) + (% success x reward) -- you invest anywhere from 1,000 to 10,000$ (only what you can lose) Results: - if BTC price is 28K you need have at minimum a 2,8% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price is 50K you need have at minimum a 4,8% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price is 100K you need have at minimum a 9,1% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price is 250K you need have at minimum a 20% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price goes down to 10K you need have at minimum a 1% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it Conclusion = the higher the fiat price, the higher your conviction about Bitcoin’s chance must be. So learn, observe, and keep learning before comitting. Take your time. If for you Bitcoin is NOT a bet on making money but create a better future for everyone, then god bless you. Few.
If for you Bitcoin is a bet on making money, then please consider investing based on CONVICTION. Here’s why: -assumptions for the model: --you seek BTC @ 1M in fiat (you really shouldn’t think in fiat but hey) -- let’s use a simple Expected Value for the model: (% failure x investment) + (% success x reward) -- you invest anywhere from 1,000 to 10,000$ (only what you can lose) Results: - if BTC price is 28K you need have at minimum a 2,8% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price is 50K you need have at minimum a 4,8% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price is 100K you need have at minimum a 9,1% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price is 250K you need have at minimum a 20% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it - if BTC price goes down to 10K you need have at minimum a 1% chance (conviction) of Bitcoin succeeding for the bet to theoretically worth it Conclusion = the higher the fiat price, the higher your conviction about Bitcoin’s chance must be. So learn, observe, and keep learning before comitting. Take your time. If for you Bitcoin is NOT a bet on making money but create a better future for everyone, then god bless you. Few.