btcschellingpt's avatar
btcschellingpt
btcschellingpt@primal.net
npub1nvfg...e7zd
Bitcoiner Rational optimist #AUStrich OpenSats Bitcoin Brisbane bitcoinbushbash@nostrplebs.com Honeybadger Noob Day Working on https://primal.net/EscapeHatch
Gunna be fun! @Sats N Facts ⚡🥥 at the end of the week 🫂🧡 #ChiangMai image
Grasping for relevance Gunna be a LOT of this Zuck’s turning into a boomer image
near-empty @mempool haven't seen that for a while 😃 open your channels tidy up your wallets don't pay accelerator fees for 0sat tx's @k3tan 🤣 image
Jevon’s paradox As efficiency improves, overall use actually *increases* not decreases Relevant examples: As steam engine efficiency improved, overall coal consumption increased because more steam engines were built and used. [Generally holds true for every denser form of energy humanity has unlocked] As health diagnostics became cheaper (and faster), their use exploded, paradoxically driving overall health care costs up AI use is likely the same .. improved model efficiency drives individual query compute cost down, yet likely will drive more overall use because usage becomes ubiquitous and therefore drives overall compute demand up
Competition is healthy Competition thrives in open markets Innovation underpins competition New ways to think-> better products The rate of innovation is accelerating Especially in the digital realm Legacy products get out-competed This is both natural and healthy 🏆
Open source ftw In software, trust follows from transparency which is why critical encryption, and all widely adopted protocols are *open* Examples include TCP/IP, HTTP, SMTP, DNS, Tor, Bitcoin, Nostr and some AI models The acceleration in the progress of AI models always appeared likely to be overtaken by open source models, and increasingly is being proven to be so The closed source walled-garden approach can be brilliant for a short period of time .. and it looks like the sun is setting For those of you old enough, there’s some direct parallels to the battle of AOL Online vs the open Internet .. and we all know how that ended I love seeing Open source win 🏆
In-kind ETF redemption Lot of chatter about US ETFs requesting permission to allow in-kind redemptions for AP’s .. essentially massive insto’s .. not retail Really behind the 8-ball compared to Monochrome Bitcoin ETF in Australia (IBTC) which was established as a bare trust enabling: - in-kind submissions - in-kind redemption - and means unit holders are the *legal owner* of the underlying asset - which means that in-kind activities don’t trigger tax events since no change to legal ownership I don’t own ETF units, but if you wanted the optimal setup this is close to it imo .. ETF makes easy onboarding and then once you’ve learned what you’ve got, you can take actual ownership Not your keys, not your coins
Tick Tock, Next Block Simply, this is how Bitcoin succeeds: a slow inexorable unstoppable monetary heartbeat Unique features Increasingly sought Increasingly needed One block at a time 🧡
"Seeing Ross walk free under an open sky" was one of my objective criteria for "Bitcoin has succeeded" many years back Honestly, I thought it was the one that would be fulfilled later Happy and emotional to see Ross walk free under an open sky 🧡 Thankful that has setup new donation capability to help Ross quietly restart life in his own time. Grateful for boltz.exchange for being able to send massive fucking zap that converts into on-chain corn for Ross Now give the man some space and time with family Bitcoiners do not forget their own. image
GM #AUStriches 😎 So did the important thing happen .. or no? image