HASH RATE IS THE PRICE.
HASH RATE DOES NOT LEAD PRICE. HASH RATE DOES NOT LAG PRICE.
HASH RATE IS THE PRICE. IT IS THE FREEST MARKET IN THE WORLD: ENERGY FOR BITCOIN.
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Replies (51)
Good point. But traders gonna trade and they’ll use whatever “metric” fits their intent.
Hash rate is the only one bullish enough 😃
Correct
Unsustainable
🥵
Not necessarily. No matter how high it gets you won’t get any more bitcoin or faster
Viva la energía de #btc ⚡⚡✨✨✨
GM Odell 🫂☕
Bitcoin is energy
WAIT TILL ENERGY RICH COUNTRIES STARTS TO PLUG THEIR MINERS 🔥
How much work is the world willing to put into adding new blocks? Hash rate. Everything else is a derivative. Stay humble, add hashrate.
Few
understand
Ordered some bitaxe and a Apollo 2 after the dispatch
NUMBER GO UP TECHNOLOGY
STAY HUMBLE AND STACK HASH
View quoted note →
This Odell guy says a lot of smart stuff, but why is he always yelling?
AND A VERY GOOD MORNING TO YOU AS WELL
The same cloth of suits that do fuckery for fiat markets (coinbase, binance, ftx, other rugpulls) for bitcoin also do fuckery for mining stack (industrial captured operations, antminer maker, country's "bans", hacked botnets for altcoins). Both attempts to TRY to gain some semblance of control via dumps & pumps.
Compute is the new currency.. simple..
#btc is the only way to put guards around rampant compute consumed by AI .. in essence AI projects must give better ROI than investing compute in btc
Proof of stake is AI ..
Huh? Can you explain that to me like I’m a ledger user?
makes sense
measuring in fiat does not make sense
measuring in energy makes sense
This was a great point you made on RHR.
Hey Matt...any chance of doing a video on Citadel Dispatch about how to use Nostr? I joined and learned how to follow people, but that's about it (and even that doesn't work sometimes as all those I follow seems to disappear). Also, not owning my own node I'm a bit confused about what wallet to use (can't use sparrow) for zapping. Basically, a video that could teach your Grandma how to use Nostr.
💯🎯🙌🫡
Try @Alby it's custodial so don't keep any amount of SATs on there that you don't want to lose. They have a great product that's super easy but historically you'll do much better assuming that custodians will steal your SATs without warning at any time.
Think of it as a donation that they'll take at some point for creating such an easy lightning wallet for nostr
Looks like god candle
A reference source for non-technical people w a glossary of terms used on Nostr would be helpful . It would facilitate learning about bitcoin and open protocols.
This will be the way goods are priced in bitcoin once we leave the anchor of fiat measurement. Sat to hash ratio.
C'est plus au niveau de l'extension Alby où c'est plus complexe pour les non tech . Je reçois des zaps mais impossible avec Zeus sur mon téléphone pour zapper
Sorry, wrong clip in previous posts. This is the one from this week:
Fountain
Senator Elizabeth Warren, kindly….GFY • Clip by @deltamike • Listen on Fountain
Clipped from Rabbit Hole Recap • Rabbit Hole Recap #283: BITCOIN ALL TIME HIGH HASH RATE
* Tether Freezes All OFAC-Sanctioned Wallets in ‘Proa...
The hash rate is the hash rate.
Would it be helpful if focus on the efficiency of blockchain technology facilitating user’s experience rather than price fluctuations in market?
🫡✊
👍🏼
What are you declaring unsustainable exactly?
With the replacement of labor slowly becoming electricity (via AI and robotics) rather than fossil fuels this graph starts to become meaningful. BTC would represent the marginal replacement cost of labor, and therefore using BTC as a denominator becomes possible.
PREACH 🙏
View quoted note →
Every word.
Energy for Bitcoin + Bitcoin for immutable record keeping = energy for immutable record keeping, denominated in Bitcoin
Tested this on a more recent note.
Seems as though “private” zaps throw the error above, but anonymous and public zaps haven’t caused the same issue (for me, at least).
@elsat is there already a GitHub issue here or should I submit o e? (I did a quick search but didn’t find anything)
Nothing really. Just being glib. 😂
Hal Finney: for the network to become more secure BTC has to become vastly more expensive.
Just wow.
Do you receive this error for this one user, or do you receive for all users?
I’m not aware of this issue.
If you can consistently recreate can you add an issue with all details needed to recreate:
Wallet(s) used
NWC used
Zap type, amount etc
Receiver(s) npub and zap address
🙏
Only some users, only some of the time, but Matt is right that it’s usually when they’re receiving zaps to their own node and/or have a slightly unusual zapping address. Although I’ve also noticed it when trying to zap people with the zbd.gg addresses.
I am typically not using NWC, just setting a default wallet to open from Damus - Phoenix, Zeus, previously WoS.
Zap amounts range from 69-5K sats. I’ll see if I can replicate reliably 🫡
👩🚀🔫👩🚀🔫
I don’t really get it tbh. It’s the price of obtaining 6.25 + fees (which are juicy!) and then splitting per pool rules, sure
But “price” is like for one entity to give their corn to another entity in my mind. Can someone ELI-tard pls
"THE MATRIX BREAKING DOWN"
(MINI-GAME: 2121 sats up for grabs)
The Matrix might be breaking down, but #Bitcoin is growing stronger, with the hashrate continually setting all-time-highs. And here, let's not forget wise words of @ODELL:
View quoted note →
NOW, for the fun part: FIRST COME, FIRST SERVE: 2121 SATS UP FOR GRABS
QUESTION:
Satoshee Strategy OÜ was registered on 25 May 2023. What was the last digit of the block height when the company was registered?
If you know the answer, add that digit as the final character in the URL below and IF you are the first to do so, you can claim the 2121 sats!
(lightsats.com/tips/clskidpdf06q1oo98r8p8gtv)
If you missed this, come join the multi-part game Satoshee Treasure Hunt #1 for the chance to find the treasure of 25,000 sats. As of posting this, 3/5 parts of the secret code have already been revealed:
View quoted note →
#gamestr #plebchain #nostr #treasurehunt #zapstr #bitcoin #zapvertisement #zapvertising #gamechain #minigame
The Matrix might be breaking down, but #Bitcoin is growing stronger, with the hashrate continually setting all-time-highs. And here, let's not forget wise words of @ODELL:
View quoted note →
NOW, for the fun part: FIRST COME, FIRST SERVE: 2121 SATS UP FOR GRABS
QUESTION:
Satoshee Strategy OÜ was registered on 25 May 2023. What was the last digit of the block height when the company was registered?
If you know the answer, add that digit as the final character in the URL below and IF you are the first to do so, you can claim the 2121 sats!
Lightsats⚡
Lightsats - Gift sats without losing them ✌️
Orange pill the world around you. One tip at a time.
What does @ODELL mean by this? I don't follow