I'm growing a beard. Don't hate.

In a world where everyone's watching, the most radical act is to be unseen.

If people think Nostr is a crypto or blockchain protocol they think it’s some scam. That’s the reality of how all crypto is viewed by the average normie.

Nostr is not a blockchain project. It’s got some nice integration with lightning, but it’s not a bitcoin project either.

It’s an open super flexible permissionless protocol that lets us rebuild everything of Web 2.0 but in a way that puts users in control and allows for real privacy through end to end encryption. Let’s sell Nostr based on all the amazing things is can do.

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I fully agree with the supposition, but it can’t be overstated what a significant paradigm shift that is when compared to what hetetofor has been considered the the primary focus of a massive global network of miners: to mint new coins. Notably at a relatively predictable rate, and volume.

Go to any “mining calculator” and the calculation is made based upon a relatively predictable set of values:

- the current difficulty

- the networks total hash rate

- your hashrate relative to the rest of the network

- the number of coins you are guaranteed to receive upon mining said block.

While these calculators vastly over-simplify the profitability of mining, they still provide *something* predictable,

Like clockwork, approximately every 10min, 3.125BTC is minted.

But at the point when all coins have been minted, mining revenue will cease to have that mathematically predictable reward from each new block.

Instead the mining rewards become the value of that block space and, more specifically, the value of the work being processed in each batch of transactions. Which is notably a far more complex series of variables than the simple transacting of a currency changing hands.

Moreover the value of that block space is (and will continue to) become a growing list of complex variables that will become increasingly more difficult to predict as a myriad of applications that exist atop the bitcoin blockchain continue to grow:

- Layer2 activity (something that is notably in it’s earliest phase of development — the STX network, blockstreams “liquid” assets, etc.)

- On-chain reconciliation of activity across the rapidly growing lightning network.

- Any other novel applications yet to be developed.

And finally, last but not least:

- Simple on-chain transactions of bitcoin (as a base currency) being sent one wallet to another.

With all of these activities combined it is obvious that mining will certainly continue to be profitable. But nonetheless this is a complex combination of variables that will each fluctuate both independently of one another and effectively in competition with one another for inclusion in each new block.

I’m getting more hooked on how Bitcoin works on a technical level and want to learn more! Can anyone recommend some good videos, articles, or podcasts that explain:

• How the blockchain works

• The cryptography behind it

• The incentives that make it all run

I’m also curious about the future: What will happen around 2034 when 99% of Bitcoin is mined? Could Bitcoin become less secure if mining becomes unprofitable for some? Will transaction fees skyrocket to sustain the

network, and could that impact Bitcoin’s use case?

Would love any insights or recommendations!

There is no second best Whisky.

#Whiskystr

thick

Finally hit 500 followers on #nostr, and overtook my original account (for which I embarassingly lost the keys)!

THANK YOU ALL. 🧡

I have 5000 zaps to give away in celebration.

Who wants them?

#AUStrich #zapstr #love

You know, the cloud hosted official deepseek was pretty fast up until their R1 model caused the tech stock market to crash and made international news… Thankfully tomorrow my new 64gb ram / 20 gpu M4pro mac mini arrives so i’ll be able to just run it locally.

#Agorism, Leo Tolstoy on #Anarchy.

#Bitcoin makes this liberty possible.

"In the land of the naked, clothes make shame."

- Proverbs 133, The Good Book

Still relevant today! Loved those guys.

Islands of Life

On Lord Howe Island there is a tree: The Kentia Palm. One population of Kentia has, over time, associated with a mycorhizzal fungal community allowing it to thrive in alkaline soils. The other associated with a different mycorhizzal community allowing it to grow in acid soils. Same species but very different soil environments.

The association with an organismal "raft" bearing a different genome has facilitated this ability of the Kentia Palm to colonize different soil types. It's the association that brings resilience and intrepidity.

What does this say about the possibilities of the "lichen" that is bitcoin, Lightning Network, eCash, and nostr? My guess is it's now akin to an invasive "species" that will permeate every nook, cranny, and crack that presents itself. This world is so fractured; footholds are everywhere.

Islands of Life

On Lord Howe Island there is a tree: The Kentia Palm. One population of Kentia has, over time, associated with a mycorhizzal fungal community allowing it to thrive in alkaline soils. The other associated with a different mycorhizzal community allowing it to grow in acid soils. Same species but very different soil environments.

The association with an organismal "raft" bearing a different genome has facilitated this ability of the Kentia Palm to colonize different soil types. It's the association that brings resilience and intrepidity.

What does this say about the possibilities of the "lichen" that is bitcoin, Lightning Network, eCash, and nostr? My guess is it's now akin to an invasive "species" that will permeate every nook, cranny, and crack that presents itself. This world is so fractured; footholds are everywhere.

In a couple halfings...

pretty much

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