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This has been asked and answered on several occasions. Listen to a few Bitcoin Review pods to find out

What entity should have been watching over Bybit operations and control? What certifications would have identified this vulnerability?

In short, what outside authority or test could have prevented this hack?

Yes but it is far from popular. EVM chains don’t have native multisig capabilities. Shamir’s methodology can provide this capability and is effective for true offline (cold) signing between several key shares. Distribution of key shares then becomes the challenge, but it can be more secure than smart contracts if handled correctly

nostr:npub126ntw5mnermmj0znhjhgdk8lh2af72sm8qfzq48umdlnhaj9kuns3le9ll we’re behind you and I have a question about your Twitter posting. To what end are we going after Saylor? What are we trying to achieve?

Replying to Avatar Lyn Alden

Free enterprise is the default state of affairs. It's a complex and ever-ongoing negotiation of prices between retailers, product producers, commodity producers, employees, and so forth. It is a constantly-adjusting control system sorting toward Truth.

Authoritarian governments and the masses that support them can impede upon prices and thus rekt the ability for natural pricing to occur, which disrupts all trade and makes everything more inefficient and more expensive.

Notably, the handful of countries that have made social democracy work, all preserved the metric of "ease of doing business." In other words, if you examine Scandinavian countries, they do have high taxes and high support for society. That's how these relatively small and homogenous societies have chosen to govern themselves, and they consistently score among the highest global levels of happiness. But in terms of "ease of doing business," they still score very high. They tax and spend, but they don't interference with business operations to generate new value. They tax and redistribute the engines of growth, but they don't impede the engines of growth.

That's the key thing, in terms of variables not to mess with. Don't interfere with the flow of pricing, domestically or globally, which is ultimately just information. Maintain the ease of doing business, let pricing set supply/demand balances, and then sort out what sort of social contract exists independently of those foundational wealth-building engines.

nostr:note170zgh0rm63mcwu9mnws37xk86xrjjxwnt077aytj0nqkzsqm956sf4qqce

^^ This! ^^

I had been searching for an answer for years and Magatte Wade is the first person to help me understand.

It’s deeper and more entrenched and more nuanced than just price controls. The Scandinavian countries are a great example of why taxes, or price controls, aren’t the root issue.

Without a “good business environment”, this very first ingredient, the entire enterprise ecosystem is broken.

Thank you nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a and nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev

Same experience here. Not sure of the dynamics, but mine went after 48 hours

Replying to Avatar Mountain Yoda

An open thank you to all bitcoiners.

I had to stop listening to a podcast from Hidden Forces today. It finally recognized it for what it was - the same doom and gloom it always has been… "The West is failing, government is failing, society is failing etc”. No answers, just more identification of the failure. Definitely not any solutions there.

I switched over to my list of bitcoin podcasts. More nostr:npub1hrnt73hppyc5v9h7ynnv0cn90yd97t6we9dw32s46ug845jsm33sktjsct , nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe , nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a and nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z Pysh... and even nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx - yes even Pedro. Why? Because there is a hope in bitcoin. Maybe that is partly because we seem to have turned the corner on the bear market but mostly because bitcoiners are optimistic, building and moving forward.

Devs are creating new apps and fixing and improving old ones. Bitcoin philosphers are, well philosophizing (looking at your nostr:npub1mz704n7dsaw3jcj3kr5le45n97tqughyt5lxe3yv3xy3025hv3dsp5tl8g , nostr:npub1jdwujjpaxmeyg44fz5xa87yhtrnvg8lzqnv9hprk5sdkx6h58gjqwtujzl and Parker Lewis to name a few). Meetups are getting bigger and more people are taking their first steps into the bitcoin network. Meanwhile the Plebs are out educating and orange pilling every day.

Bitcoiners are hopeful and optimistic. We know there are problems - we’ve identified a host of them and we are working to fix what we can. Sure we might be bickering over what hardware wallet is truly FOSS, bitching about ordinals and debating mining protocols. But we are building and moving forward anyway.

Jeff Booth is right - there is no point in living in the old world. You simply feed it by engaging with it. Even listening to the old world is tiresome. I’ve moved into the new world, a world with Bitcoin and I don’t ever want to go back.

Burn the boats.

I’m old. I need ongoing education so I turn to podcasts and newsletters. I paid for quite a few until 2022 when I was pretty rekt.

I don’t know them personally, but Andreas and Demetri offered their service for free this year. That was huge.

Cool to walk away. I get that. Just don’t burn books, boats, or bridges nostr:npub18fpjhsxtsl4yusarwwp9gq4q36etkfugl4p4hp0zfz8mjm4twlkqmh79qx They may be helpful again one day

Proposed. Please don’t overreact like Swan. Read the entirety of the proposal

Hey, you should try and find Tom Cruise while you’re down there. Love him or hat him it would be a memorable experience!

Replying to Avatar Guy Swann

(response on Twitter to someone endlessly playing the purity game over having a normie use @walletofsatoshi) 👇🏻

Interested to hear your thoughts or successes/failures in this regard:

"I have a process that has worked really well for onboarding people to holding their own keys, and its ~3 steps. The opening is the most important because 99% of people just don't care or are interested for all of 10 seconds and then forget about it the moment you leave.

The singular reason I have used @walletofsatoshi recently is because they have Lightning Address by default. It isn't even about lightning. If I just wanted to send them a $10 tip and be done with it, then we'd use @PhoenixWallet, which is where I shift them after they have a meaningful amount & want to know what to do with it.

But that's not what I was trying to do, because that's not what *they* care about, it's what *I want them* to care about. Instead I go for something with easy lightning address (which Greenlight + @Breez_Tech might fix in the coming weeks completely non-custodially), so that people on social can tip them. Then they spend the next 2 days seeing tons of zaps flood into their wallet.

The simple fact is, it's exciting. It's interesting. It catches their attention repeatedly over the period of a few days. It keeps them engaged for longer. *Then* it becomes possible to make them care about what it is, and why they should think about it differently.

I think it's me being completely self-centered & have found it completely unsuccessful to boot, to think I can force someone to come at something with *my* perspective or to demand that they care about it the way that *I* do, instead of realizing what is relevant to them and starting from there.

I've been doing this for 12 years. If all you want to do is posture on socials that you are "more pure" or whatever, then go ahead and I hope you get something out of it. But if you want to actually succeed at changing peoples' minds, I'm happy to talk about what has or hasn't worked for me and maybe we can learn something from each other.

No hard feelings. Just trying to get us closer to a #Bitcoin future where everyone can be sovereign and more importantly, understands why they should care about it. You do it your way. I know what has worked for me and I'm always open to suggestions if you have any good ones."

Yes. New experiment after the same experience: have WoS cohort newbies send all BTC back after 2 weeks. Then distribute to one of them as cash

I’m having luck in 2023.

And the twist nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev -> ask the winner if they want payout in BTC after they thought they were getting cash

Super interesting education feedback