The headline is misleading. You can say that there are 27m minority fork sats of fee on the minority side, however, it's not possible to say it's valued at $17,400. That presumes that the USD exchange rate is at parity across both chains. The info that can be gleaned from the minority fork block subsidy and/or txn fees can only be denominated in minority fork tokens currently. There have to be people exchanging bitcoin or dollars for the minority chain token in order to be able to denominate in USD. Used to seeing better info from this npub. View quoted note →

There was a great Livera pod with Michael Flaxman some years ago about using multiple key sources for multisig, SLP215. Another good one was SLP97. One could make a 2 of 2 out of a HW device and a hot wallet on sparrow/electrum, back up the hot wallet super well and even in usually unrecommended ways (seed on post-it on monitor, or on the fridge) and it is more secure than the HW device alone. HW device could be 100% pwned... no dice for attacker though. Adding another signer can never decrease security...at worst, keeps same security as the first signer alone. With any multisig, be sure to keep copies of that wallet file (aka output descriptors) accessible. View quoted note →

Matt Hill from @Start9 was a great listen on @The Bitcoin Way pod yesterday...love the insight, explanations, and nuance

Hey @Wicked Fan of your content, appreciate your educational videos. Been following your soft fork signaling tool on your website, however it looks like it's been down since the 6th Appreciate your signal...keep up the good work!

"Bail out bitcoin" 🤣 View quoted note →

Coffee meetup on the East Shore! Two weeks from today. View quoted note →

"Record high difficulty discourages miners". Reminds me of the Yogi Berra quote..."nobody goes there anymore, it's too crowded". View quoted note →

Happy Nixon Shock anniversary! On this date 54 years ago, the US "temporarily" went off the gold standard. Median income in 1971 was $10k/yr, and gold was $35/oz. Yearly earnings paid in gold was 286 oz. How about 2025? Median income is $62k/year, and is gold $3.3k/oz. Yearly earnings paid in gold is 19 oz. Our median earnings, the average of what our scarce time is worth, dropped 93% in those "temporary" years. Cheers! 🍻

WTF Happened In 1971?

WTF Happened In 1971?

https://inflationdata.com/articles/2022/08/10/u-s-cumulative-inflation-since-1913/ "I don't believe we shall ever have a good money again befo...

Whether the play store hammer is actually coming down or not, it is a great mental fire drill of what your phone wallets becoming inaccessible would mean. Some people I've orange pilled (well, up to the point of stacking at least some sats, anyway) have everything on a phone wallet. Gonna reach out to them and tell them to check on their seed word backups...make sure they still have them, and they're legible.

Yikes...searched for ashigaru wallet on DDG, top search result link (and only one on first page of results that looks like the site itself and not an article on it) goes to what seems like ashigaru's website on first glance. However, if you click anything under "menu" it asks you which shitcoin wallet you use, and please enter seed phrase to connect. Aye yi yi

Heard a great Mark Twain quote this week... "The secret of getting ahead is getting started. The secret of getting started is breaking your complex overwhelming tasks into small manageable tasks, and starting on the first one."

PayPal Enables U.S. Merchants to Accept Bitcoin Payments – Bitbo

PayPal has launched a new service allowing U.S. merchants to accept over 100 cryptocurrencies, including Bitcoin, with competitive transaction fees...

"To complete a payment, buyers connect their existing bitcoin wallets to the PayPal checkout. The digital assets are then exchanged on platforms such as Coinbase or Uniswap, converted to PayPal’s stablecoin (PYUSD), and finally settled in U.S. dollars for the merchant." Doesn't sound like bitcoin payments to me...sounds like hooking up one's Coinbase account to another's PayPal account. When paying bitcoin at a PoS, "connecting my wallet" has never been a step.