Congratulations to @Ark Labs and the team, looking good.

The more people talk about these systems as actual payments and not just credit the better... Bitcoin has been suffering from good as an enemy of the perfect for so long, and totally surrendering the market to KYC garbage. View quoted note →

the worst thing about Luke's FUD is that it is not actually working and Bitcoin isn't getting any cheaper

There is no limit on how many people can own UTXOs. The only limit is the level of "consistency"... L1 will always be the highest and most expensive, but that doesn't mean that smaller regions are worthless... That is just absurd garbage, if your money is confirmed in the eyes of everyone you trade with on a monthly basis, you have all the decentralisation you need. At this point I figure, autism is the worst risk to Bitcoin, when people can't see beyond the dichotomy of either global consensus or KYC "show me a video of your buthole to be able to spend" centralisation View quoted note →

Is anyone tracking non-kyc custodial LN and other Bitcoin IOUs rug pull rates? I figured this is a very important metric to have; without the regulations, how often do dark providers steal/disappear/fail?

Businesses benefit a lot from centralisation and gate keeping, but if you are in the business of non-kyc Bitcoin services... You really owe it to yourself to organise your data in a ledger, make it public and make your server algorithmically replaceable... Because your service is going to be shutdown sooner or later, and you lose all your hard earned credibility... Give yourself a chance to salvage that later with a dark service.

My most common argument has always been that decentralised search is impossible, this is still true, but I think every vertical (streaming, micro blogging, video, etc ..) should have some standard most likely imposed by a client, and let few indexers compete .. but I have no idea how would the indexers get paid when the clients have all the power. Still, if Podcasts can interop, maybe more segments of the web can.

Soft fork idea; any UTXO being spent has to include it's entire Utreexo proof in the witness. Oh you have been hording a UTXO from Satoshi days? Your consolidation transaction costs extra 7kb per input... Sorry.

If you hate At protocol (I hate the identity layer), this thread from Rudy should make you annoyed, it proves they have the will, integrity and vision to move towards more decentralisation. My problem is, interop will break soon after... So I wish people just give up and focus on group chats instead... Maybe leave global discourse to special occasions and ossify it like Gmail, because there is no hope for doing both innovation and interop on the long term of increasing social fractions... Bitcoin is marvelous because it scales despite all this social shit View quoted note →

There is a new trend of "start centralized/trustful and decentralise/trustless when the need arise" that you can't unsee everywhere; - Bluesky - Hyperliquid - all Rollups - Ark - Cashu mints I am not sure how to feel about that, because... It is efficient you can't argue against that, and until regulations crack down it is hard to justify the complexity. Arguably, even Bitcoin didn't start with as much decentralisation as it has now, Satoshi could have reorged the chain anytime he wanted in the beginning, no? There is a formula between decentralisation and the value secured by that decentralisation... Too much decentralisation is wasteful for no value, and too little is dangerous for too much value.

Bluesky DAU is coming down back to match Mastodon soon... That's a GG. Message passing won, large indexers didn't earn their keep.

I don't care what people say, saying that SPV nodes are less secure than full nodes (in a network with significant minority of honest miners and honest relays) is absurd.

The original sin was calling them ledgers instead of message queues

Nostr was always a weird beast, it is neither a shameless message passing protocol like Activity Pub, nor is it highly consistent through centralisation like At protocol, nor is it highly consistent through proof of publication (DA) like Farcaster. Instead, it is more like the Bitcoin mempool than anything else, a broadcast network that is too unreliable for good UX, but its main goal is to just let things eventually slip through a supposed censorship. Admirable really, but it doesn't work any better than sharing links in group chats and emails until they reach their target audience. I am afraid that the only viable way for censorship resistant yet reliable broadcasting is a scalable proof of publication ephemeral decentralized ledger... Luckily that is also the endgame solution for scaling payments so it will eventually happen, but I am not sure anyone cares to broadcast their tweets so much as to pay for it, especially that it only guarantees that the data is available, but it doesn't guarantee that anyone will read it or see it at all, anymore than Bitcoin guarantees that a transaction is going to appear on people's wallets if they don't ask for it. Which brings me to the question... Is this just a note taking app?

There is no such thing as opposition in zionism, all zionists are genocidal scum that are also supremacists and shameless enough to demand you don't believe your own eyes because they said so... View quoted note →

Watched an old debate between Shinobi and someone called Connor, and there must be like 50 IQ points difference between them... Depressing to see someone just too stupid to understand basic concepts.

This is a horrible ad given that most people still don't know that BTC is divisible View quoted note →

There is a revisionist idea that Web 2.0 created walled gardens because (insert your least favourite thing) is evil, in reality walled gardens are just well scoped well aligned group of people with incentives to cooperate for the purpose of good experience. The only other sustainable form of interoperability are; 1. Open source Dictatorship (Linux, Git, etc..) 2. Standards committees plutocracy (even worse than #1) 3. Adversarial interoperability; where you reverse engineer your competitors formats to steal their edge (.PSD, etc..) #1 and #3 are the source of all the good things in the web. If you want to change thing about Nostr, just build the best app you want, capture as much of the user base as you can, and everyone will just follow you, and you will save yourself the drama. View quoted note →

A great day and a glorious memory, may we live long enough to see the happy ending of this struggle for justice.

Happy to see zcash rallying, maybe Bitcoiners can stop dismissing all competition as scam and realize a real upgrade is required.