Nostr Web Client

u32Luke

08bfc00b7f72e015f45c326f486bec16e4d5236b70e44543f1c5e86a8e21c76a

Mining, markets, & systems Freedom go up

💀 soooo, the bugle boys somehow leaked into my real life and my irl friends and family stumbled across Kaylee Bugle unprompted and everyone (ofc) had questions 😂

So then I had to explain to my irl friends and family who everyone from Odell to Shinobi are (basically anyone who was starring in the “Heroes” video)

And my loved ones were like…

“Wait, do you know these people?” 💀

And then I had to say, “no… but sometimes we send bitcoin to each other”

So, anyway Merry Christmas everyone my family is concerned about my mental health 😂😂

Ha same

A multi impl world

nostr:nevent1qqsdwwq42enc2ufe9rr4wun0qzgwlpjulj2tyzztgfv7anj2a9k3zlgpndmhxue69uhkummn9ekx7mp0y5erqamnwvaz7tmwdaehgu3wd3skuep0y5erqffjxpshvct5v9ez2v3swaehxw309ahx7um5wgh8w6twv5hj2v3sy5erqctkv96xzu39xgc8wumn8ghj7ur4wfcxcetjv4kxz7fwvdhk6te9xgc8wumn8ghj7un9d3shjtnyv9kh2uewd9hj7ffjxpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9unxs5v2

Future

UNLICENSED MONEY TRANSMITTER

you really wouldn't want bitcoin to correlate exactly with precious metals now

it's path dependent. let it play out

What do you think about Groman being bearish BTC because of AI productivity deflation

UNLICENSED MONEY TRANSMITTER

you really wouldn't want bitcoin to correlate exactly with precious metals now

it's path dependent. let it play out

Why not

People think I hate all bips but I do not hate all bips… I like the bips that nostr:nprofile1qqspgwdt6s5cz9j74nxdq34a2ed26x0jx99f8tvm6zdds03ng2lvn8cpzfmhxue69uhk7enxvd5xz6tw9ec82csprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvsl6t96 and that murchadamus guy were talking about on optech today

Idk how you spell it… utreexo? maybe

But, I like this bc Satoshi alluded to this type of design being the future of Bitcoin one day but it’s actually better than what Satoshi imagined originally, I think

Still need that libbitcoin v4

And perhaps some friends.

Yup. Polarizing personalities

I’m admittedly someone who likes conspiracies, but this is also my area of expertise—high stakes litigation. With all the rabble out there and the podcast circuit that guy just went on which he seemed to effortlessly secure but only after he failed to secure funding for his defense, just doesn’t smell right to me.

I have seen small businesses spend millions of dollars on litigation just to demonstrate to the public that they will enforce their contracts if they are challenged, regardless of whether they can collect on those

It just doesn’t pass that smell test that the world seems uniformly in agreement that the Samurai case is a serious danger to speech, coding, etc.etc., but these guys couldn’t sure defense funding, or just pro bono lawyers, to help.

If you have practiced federal litigation you know that when an industry sees a threat in a given lawsuit, lawyers come from all over out of the woodwork to help and make sure the precedent set is good for the industry, yet here there was a mediocre campaign for funds and then a plea deal ostensibly due to lack of funding.

There is definitely more to this story.

nostr:note1jnuxhgjunenndacyhxzusrd72rtertl2sdtd4na62gdjvax5qpvs60a798

I think they made a lot of enemies along the way

I wouldn’t trust signal either lmfao…

But that’s just me…

Why not?

🚀 Bitcoin Capacity on Lightning hits an All Time High — 5,637 BTC!

See for yourself: https://a4s.me/amboss-stats

Any guesses why capacity jumped by a bunch recently?

average_bitcoiner

Damn.

More interested in whether they are secure or trustworthy. A reputable source recommended but always good to hear from others in the space. But ya, pricey.

Cape's claims can't be verified yourself. Interesting product nonetheless.

Using e2ee like Signal for daily comms is the best thing you can do regardless of carrier

UNLICENSED MONEY TRANSMITTER

aren’t all men in ukraine conscripted?

No

This is how giant bureaucracies work. A large number of disconnected sources of authority. Esoteric legalese–often not actual legislation–that mandates cross-jurisdiction compliance.

Whether it's legal or not doesn't really matter... only very large players will have the resources to challenge these requests. Everyone else will simply comply for fear of being ground to dust by the legal system.

https://github.com/markqvist/Reticulum/discussions/1004

u32Luke 0mo ago

Glad you found reticulum

I’ve raised my 5% to 25% and believe that’s probably right. It was always inevitable anyway.

u32Luke 0mo ago

Seems likely

Who wrote this? Just curious, I mostly agree. MSTR will become a stable coin issuing bitcoin backed bank and too big to fail and the government will nationalize it. Mandibles then bitcoin standard.

u32Luke 0mo ago

David Bailey has said the same

this check out.

u32Luke 1mo ago

Block's node wasn't that huge tbh

this check out.

u32Luke 1mo ago

I thought this initially, but then started looking at other major nodes and they had significant jumps.

💆🏼‍♀️💆🏼‍♀️ I need people to understand that even if you lose the majority hash power temporarily majority of miners are going to make economically rational decisions and throw hash power at the most economically viable fucking chain and that is the one with fee incentive 😭 holy fuck

u32Luke 1mo ago

Choochoo mfer

The Fishcake (nostr.build)

Sometimes looking at all this Core vs Knots drama, I have to wonder if bitcoin will even survive in its current form until the end of next year. Thinking out loud 🤔

u32Luke 1mo ago

Zzzzz

u32Luke 1mo ago

Meteora.

I was demoing my nostr wallet for someone tonight right when someone zapped me1k sats and they watched the balance change in real time and baby if that wasn’t the best most timely ad for nostr ever…. 😂

u32Luke 1mo ago

Digicash

u32Luke 1mo ago

The cult that survives the longest wins

While liquidity remains tight at the Fed, we've made liquidity very "accommodative" on the lightning network with nostr:nprofile1qqsz4uq7p44arw0mh83agv2h6ezep7e8mnau403g0p99svhp00hms7cpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qg4waehxw309aex2mrp0yhxgctdw4eju6t09uq3uamnwvaz7tmwdaehgu3dwp6kytnhv4kxcmmjv3jhytnwv46z7gfeph5 Magma.

This brings our payment processing target rate to 0.2% which supports real economic growth with efficient payments within the Bitcoin sector.

u32Luke 1mo ago

Any chance you'll lower the minimum lockup amount for Rails in the future?

average_bitcoiner

No. That's in a branch. Not at PR yet. Soon 🙏

u32Luke 3mo ago

Nice.

average_bitcoiner

Chat, what is mainline DHT and what trade offs does it offer vs regular DNS? Trying to understand the wizardry if Iroh.

#asknostr

u32Luke 3mo ago

Pinging nostr:nprofile1qqsgeksa4tajm7x673gq2v7t56dkgkh6pjhhzdhrgxlpke4za8jmmkqpzfmhxue69uhkummnw3e82efwvdhk6tcpzdmhxue69uhhqatjwpkx2urpvuhx2ue0qywhwumn8ghj7unpvahj6mn0wd68ytnyw43kkerwwvhx7un89us6w9ld

they're among us

u32Luke 3mo ago

Any follow recs?

average_bitcoiner

Lol. Saylor supporting Knots wasn't on my bingo card.

Him prefacing it with a monologue about protocol changes when knots uses the same protocol was cherry on top.

u32Luke 3mo ago

Oof....

I tried WN in the beginning but it was overwriting my relays

Will look into LXMF

u32Luke 4mo ago

This is good:

https://github.com/markqvist/Reticulum/discussions/59

You mean like a radio into digirig, then into a pixel?

u32Luke 4mo ago

Yes

average_bitcoiner

OPERATION TESTNET RESOLVE comms should be limited nostr but please develop your own communications PACE plan for nostr. Signed JSON can be shipped via USB. A strong network of keys can provide crytographic assurances with a hand written letter.

nostr:nevent1qqsqhyvy6xcpysfhwjrst5ztn2w89fyhg8fn78eghsxykvtcsnlz6nspr9mhxue69uhhqun9d45h2mfwwpexjmtpdshxuet59upzp57hgyjdm76mm3sm3uvdzlpnxkamf7x8zxp2xhhzwv22fxjwk7caqvzqqqqqqytfvtep

u32Luke 4mo ago

What's happening?

As a foreigner, I've been researching 401k's for the last 30 seconds using ChatGPT

What is a 401K?

ChatGPT said:

A 401(k) is a U.S. retirement savings plan offered by employers. Key points:

Defined-contribution plan. You put in money from your paycheck before tax (traditional) or after tax (Roth, if offered).

Contributions often get employer matching up to a limit.

Investments usually go into mutual funds, ETFs, or similar options chosen from the plan.

Money grows tax-deferred (traditional) or tax-free (Roth).

Withdrawals allowed from age 59½ without penalty. Early withdrawals usually incur a 10% penalty plus taxes.

Required minimum distributions (RMDs) start at age 73 (traditional only).

It is a tax-advantaged way for U.S. employees to build retirement savings.

Want me to contrast it with UK pension schemes for context?

You said:

I understand it didn't start life as a pension plan, but ended up replacing them. Is this true? If so why?

ChatGPT said:

Correct. The 401(k) was not created as a pension plan. It emerged from a loophole in the 1978 U.S. tax code.

Timeline and shift:

Pre-1970s: Most large employers offered defined benefit pensions (guaranteed lifetime income). Risk was on the employer.

1978: Congress added section 401(k) to the tax code. The original intent was to give executives a way to defer tax on bonuses and stock options.

1980s: Benefits consultant Ted Benna realized the rule could be applied broadly so ordinary employees could defer salary into tax-advantaged accounts. Employers saw it as cheaper than running pensions.

1980s-1990s: Employers shifted en masse. Pensions are expensive and volatile, since the company must guarantee returns and cover shortfalls. A 401(k) moves the risk and responsibility to employees.

By 2000s: 401(k)s became the dominant private-sector retirement plan. Pensions remained mostly in government and some unionized sectors.

Why the replacement happened:

Cost control: Pensions are open-ended liabilities. A 401(k) fixes employer costs at the contribution match.

Volatility avoidance: Pension funding depends on market returns and interest rates. Companies disliked the balance-sheet swings.

Regulatory shifts: ERISA (1974) and later rules increased pension oversight and insurance costs.

Workforce mobility: Employers argued 401(k)s suited modern, more mobile employees.

Financial industry push: Wall Street profited from mutual funds and fees in 401(k) plans.

So yes: 401(k)s were an accident of tax law, later seized on as a cheaper alternative, which led to the slow death of private-sector pensions in the U.S.

nostr:nevent1qvzqqqqqqypzp3pmhdvw9e4u97292avz2lmt55efzpaaf6p8gp5v9ymvd8veszmaqqs8zwew4z5cs5y77sct4x8ruwlt6g78ksq6w9gukttk2dgzuyg562q928m35

u32Luke 4mo ago

The public pension fraud situation is really bad in the US

https://kumarletter.com/posts/the-stealth-nationalization-of-america-how-5-000-public-pension-funds-are-quietly-seizing-control-of-the-economy-armed-with-6t

https://kumarletter.com/posts/public-pension-funds-are-killing-american-babies-how-5-7-trillion-in-public-money-is-destroying-housing-birth-rates-and-future-generations

Blessed

#photostr #photography

u32Luke 4mo ago

Were those patches logged at one point?

C.S.Burner 🪙➡️🔥

X on mobile browser over VPN is dead. Since yesterday I cannot access it anymore, due to Cloudflare crap.

I'm only reading there in the nuclear and economic community. Seems that my twitter usage ends soon after 17 years.

u32Luke 5mo ago

Xcancel.com

Oh dude… insane house of cards

u32Luke 5mo ago

Kumar is a great Twitter follow

@datarade

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