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Paul Sernine
0958a105df51f0f471ec1ab330c7ee6ad8a2c30e0e4109adf34012f8b17f2192
Don’t trust, verify. Patience is a virtue. 2C9F 255D 6FE1 B572 9226 BE7D CCFB B6AF 3CF8 03EE #nostr since 775029

Good point to remember. But isnβ€˜t that the case for any (non-custodial) wallet? Fees are everywhere and with nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 you at least have a clear information about them. Plus, they clearly state in their documentation that the initial transfer should be > 100k sats. Custodial wallets probably donβ€˜t levy such fees because they can sell your info/data and, anyway, they have your sats πŸ˜‰

GN & sweet dreams πŸ›Œ πŸ’«

For those interested in Lyme disease and its connection to US biological warfare research, this podcast episode provides an interesting introduction with some lesser-known aspects:

https://fountain.fm/episode/q8QbTJUabNIOgPoxS3Wx

#history #biowarfare #lyme

Replying to Avatar Gigi

GM

GM & PV πŸ«‚πŸ’œπŸ§‘

GM & PV fellow Nostriches β˜•οΈπŸŒž Have a nice day & a great start into a successful week πŸ«‚πŸ’œπŸ§‘

#coffeechain #plebchain

GM & PV fellow Nostriches πŸŒžβ˜•οΈ Have a relaxing & refreshing werkend everyone! Recharge those batteries & stack sats πŸ«‚πŸ’œπŸ§‘

#coffeechain #plebchain

GM & PV πŸŒžβ˜•οΈπŸ«‚πŸ’œπŸ§‘

GM & PV fellow Nostriches πŸŒžβ˜•οΈ May your day be filled with success & happiness πŸ«‚πŸ’œπŸ§‘

#coffeechain #plebchain

GM & PV πŸŒžβ˜•οΈ Another potential option would be to update the protocol, if possible. But yes, in principle youβ€˜re right.

GM & PV πŸŒžβ˜•οΈMay your day be filled with happiness & positivity πŸ«‚πŸ’œπŸ§‘

Slouching at the fiat mines to stack sats πŸ˜œπŸ€™πŸ»

Absolutely! I had a trip via Frankfurt airport about half a year later and it was eerily empty. Quite an uncanny feeling!

GM & PV fellow Nostriches β˜•οΈπŸŒž May your day be filled with blessings πŸ«‚πŸ’œπŸ§‘

#coffeechain #plebchain

GMβ˜• #coffeechain

About scaling and self sovereignty on Bitcoin:

As this has become more of a topic the last 3-4 months, much thanks to Peter McCormack, I've had many thoughts around this pile up, but not quite being able to articulate them well.

Yesterday I listened to nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg on Citadel Dispatch, and this one quote from the podcast was sortof a light bulb moment for me:

"Ecash is not a scaling solution for Bitcoin".

This in many ways sums up the concerns I have around scaling for Bitcoin.

Basically what he said (if I can take the liberty) is that unless you PRESERVE the properties of Bitcoin, then you ARE NOT scaling Bitcoin.

I guess there is some nuance there, as any layer 2 etc, will not be the exact same thing, so what will such a criteria look like?

But looking at the overarching picture, you want the ability to self sovereignly hold your bitcoin and to be able to transact freely with it.

This is basically the problem Gold ended up having.

Fiat was layer on top of Gold that made it much more efficient to store and transact with. But it DIDN'T PRESERVE THE PROPERTIES OF GOLD.

It could be debased, and it could be censored.

The big challenge for Bitcoin IMO, is that we don't end up in a fiat 2.0 situation.

What I mean by that is that Bitcoin is reduced to a financial asset and base layer for institutions. But for the vast number of people, they are interacting with a layer on top THAT IS NOT PRESERVING the properties of Bitcoin, and are thus faced with the same problems of debasement, censorship and surveillance as we have today.

GM & PV β˜•οΈπŸŒž Thx for these insights πŸ™πŸΌπŸ’œπŸ§‘

Replying to Avatar Gigi

GM

GM & PV β˜•οΈπŸŒžπŸ«‚πŸ’œπŸ§‘

GM & PV β˜•οΈπŸŒž Enjoy the spring days!

GM & PV fellow Nostriches β˜•οΈπŸŒž May your day be filled with success & happiness πŸ«‚πŸ’œπŸ§‘

#coffeechain #plebchain

GM & PV fellow Nostriches β˜•οΈπŸŒž Have a great start into a successful week! πŸ«‚πŸ’œπŸš€

#coffeechain #plebchain

GM & PV fellow Nostriches β˜•οΈπŸŒž May your Sunday be full of relaxation & happiness πŸ«‚πŸ’œπŸ§‘

#coffeechain #plebchain