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1dullgeek@nostrplebs.com
npub1k8ly...d3qu
Christian, Geek, #GoPackGo, #Bitcoin, Pilot Anarcho Christian? Maybe Happily Married 30+years
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1dullgeek 5 months ago
Really great episode. I kindly request more like this, where the topic is about how one might help convince my skeptical church leadership to save on Bitcoin. This is particularly relevant to me as I've been saving my tithe in Bitcoin on their behalf for a few years now. (With their blessing.) But I don't want to give it to them yet because their policy is to immediately turn it into USD. So any advice or discussion on how to get them to change their mind/policy is very much appreciated. View quoted note →
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1dullgeek 5 months ago
Back to the grind. Stacking continues.
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1dullgeek 6 months ago
I'm overwhelmed by how often people want to solve the pedestal problem before the monkey problem.
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1dullgeek 6 months ago
I don't think keeping transactions with op_return > 80 bytes is censorship. In exactly the same way that I don't think letting minors create more than 21 million Bitcoin is censorship. Calling both of those censorship is demagoguery. View quoted note →
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1dullgeek 7 months ago
I think you misunderstood the fire movement. They're not trying to get a 25x return. They're trying to reduce their spending so that having a nest egg that is 25x their annual spending is easier. And then live a lifestyle that allows them to withdraw 1/25th (4%) every year. The growth they need to sustain that is to merely match inflation. They don't need 25x to do that. View quoted note →
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1dullgeek 7 months ago
As a PNRI, not all of us are stuck in the fiat mindset. I personally am as all in on Bitcoin as I can be until I actually retire. It's my long term savings. It's my checking. My paycheck goes directly into Bitcoin. We are not beholden to our generational ideas. And it is each of our responsibility to question our assumptions. Which has fed my orange pill. View quoted note →
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1dullgeek 9 months ago
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1dullgeek 10 months ago
When it comes to the importance of Bitcoin becoming a medium of exchange, I generally agree. But I'm skeptical about it's urgency. I think the path to that is first becoming a universally recognized store of value. I don't think we can get to medium of exchange without the majority of people wanting Bitcoin. But I think it's going to happen on it's own. If enough people want bitcoin, they will naturally be willing to trade for it. The only question is if they'll be able to. If the infrastructure that Bitcoin has will support being able to earn and spend Bitcoin. But necessity is the mother of invention. When we get to the point where people universally want it, that will create incentive for a lot more brains to work on that problem than we have now. I guess I'm not worried. I think it's required. And I think it's going to happen. I'm sure there's a gap in my thinking. Would love to hear what it is.
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1dullgeek 10 months ago
"Fractional reserve is just banking" this seems like it translates to: If you need someone else to hold your Bitcoin for you, you risk rehypothication. Doesn't bitcoins qualities allow me to not need an external bank? View quoted note →
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1dullgeek 10 months ago
What I wish @Marty Bent had asked in TFTC #620: "Isn't slower block propagation a feature when there are transactions that contain OP_RETURN > 80 bytes?" "Doesn't that create a higher cost for including spam in the chain?"
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1dullgeek 1 year ago
Bitcoin is not crypto. That word was only after there was more than one thing that needed description and people wanted to lump what they thought of as similar things into a category. When Bitcoin was the only, no one called it crypto. They called it Bitcoin. So when you say crypto, you're really saying "all the Bitcoin wannabes" Conclusion: Bitcoin is not crypto.
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1dullgeek 1 year ago
I'm watching Arcane. And it ranges between compelling and stupid. I'm in a stupid stretch and I don't know if I can put up with it to get to the end.
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1dullgeek 1 year ago
GM Nostr! I'm trying to get my son started in Bitcoin. Suggestions for good "bitcoin for beginners" books or resources? Specifically looking for resources that do not include shitcoinery I'm looking more for "how to" resources. Like: - how to pick and use a software wallet - how to pick and use a hardware wallet - what are seed phrases and how to store them - what is multisig and how and when to use it NOTE: I already know all this stuff. I'm looking for reference materials for my adult son that could help him learn in addition to information from me. @BTC Sessions is already on the list of resources I've given him. Are there any "bitcoin for beginners" books that he could read?