Bitcoin is not competing with visa. There is no final settlement with a vending machine and that’s probably fine.
I’m talking less about the asset similarities and more about the participants.
I’m more convinced that goldbugs and Monero(ers?) have more in common with each other than with Bitcoiners.
Well you gotta ask yourself.
Maybe those 33 BTC are in better hands now.
I consider it a damn rescue operation.
Ugh. I don’t really like that.
Less of a non-custodial and more a problem waiting to happen.
Nostr businesses are going to through many iterations of what doesn’t work and what works slightly better.
A good amount of people may not have been around during the shitcoin that was early internet businesses.
Did you know Netscape used to charge for their browser until Microsoft undercut them?
Did you know Netscape before it finally died tried to bundle an email client and IRC client with the browser?
Does anyone remember the hit the money win a prize.
I mean a lot of this pales in comparison to the ad driven monocultural internet we kind of have now (mostly the web but internet at large).
Let’s not go there but let’s also experiment. Some things are going to be shit. Paying for 700 subscriptions to maintain Nostr like streaming services may not be the most optimal but let’s experiment, give feedback, iterate.
…What was the question?
Yep. I figure Wall Street moved in so now their enforcement arm is cleaning house.
With the feds it doesn’t matter if they are wrong. They will ruin your life and/or business before any judgement is rendered. It won’t even matter.
I would like to hear the opinion of the Bitcoin community.
While I was researching different assisted wallets for The Bitcoin Hole, I came across a case that I'm not sure how to categorize. Here's the scenario:
An assisted wallet, where the owner and the service provider need both to sign a transaction to move the funds. You can think this a 2-of-2 multisig, where the service provider has one key and the owner the other. However you can also implement this with MPC (Multi-Party Computation). The implementation is not the issue.
I define something as "non-custodial" or "self-custodial" when these two conditions are met:
1- The provider can't move the funds without owner's permission.
2- The owner can access its funds without the provider's permission.
In the previous case, condition 1 is satisfied, but condition 2 is not. So, my conclusion is that this assisted wallet can't be categorized as "non-custodial" or "self-custodial".
Some questions I have in my mind:
- Is my conclusion correct?
- Is there any difference between "non-custodial" or "self-custodial"?
- Since the assisted wallet in this case cannot be considered "custodial" (as the provider cannot move the funds without the owner's permission), how should it be categorized?
nostr:npub1yn3hc8jmpj963h0zw49ullrrkkefn7qxf78mj29u7v2mn3yktuasx3mzt0 nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 nostr:npub1gm7tuvr9atc6u7q3gevjfeyfyvmrlul4y67k7u7hcxztz67ceexs078rf6 nostr:npub12aqfngts2xc0z0n47lyfx03p8prhz4kqcel29mukgwydeuatawqqg5dvgy
Unless I’m understanding it wrong you would want a 2 of 3 multisig. You have 2 keys and the entity has 1.
- you can move the funds with 2 keys
- if you lose one let you can work with the entity to move to another 2 of 3 so while there is risk there, there is also a safe guard
- entity cannot move funds without you.
- I think Casa does this.
Neither have I. There’s probably 12 of us.
The KYC in primal doesn’t verify your info. You can give them any name and any country (don’t use a sanctioned country. Not sure if it checks for that) and you should be good.
nostr:npub1pwtrrydty95q5ces0tkm2r7hkqfe9jwxhmmee5xwke6g4lz70l7sd8pf5t thank you for the top up! As promised, I'm now topping up outstanding balances for those that have tried the new top up functionality and/or responded to support. PV
Thank you sir. Much appreciated!
Hah are fees the “new inflation”? Kidding aside it’s anyone’s guess what 20 years will look like and base chain is still probably the safest bet.
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Remediation then: weekend canceled tape backups better fucking work. Cold spare drives management didn’t want to budget for make their debut. No one thanked.
Doesn’t have to involve quitting or stopping anything. For example “more wine” or “increases shitposting” are perfectly acceptable. 😂
I’m glad nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs gave that keynote to bt. It’s the first time I’ve ever heard an influencer admit how hard it is to succeed in bitcoin. The orange pillers constantly parrot that it is easy to hold, but that’s just bc they are noobs and don’t have material bags. I’ve had a lot of success in my life (school, career, sports, etc.) and a lot of challenges, and being successful in bitcoin was by far the hardest thing I’ve ever done. So when normies and ops act like earlier Bitcoiners got lucky, I roll my eyes. They are delusional. It is a lonely path where everyone is betting against you and you have to be like nope, everyone is wrong, and I’m right. Conviction is everything. They’re laughing now, but I will get the last laugh. Now that this mainstream and we were right, it’s only natural to have an immense sense of self confidence that we can tackle anything in front of us. The pre etf era was the Wild West, there was no blueprint. The spoils go to the victors. If anyone tells you you were lucky, that is a big red flag. They are jealous and envious. The crazy part is people like hodl and I were altruistic in our journeys and all that amounted to was bitter and resentful relationships, but ultimately it was a small price to pay to be right. Cutting out these toxic relationships is a small price to pay to escape the matrix and have ultimate freedom. They can hfsp. This is about individualism, the orange pillers with their socialist utopian ideals never understood bitcoin in the first place. It is a game of accumulation of sats, not followers and likes. That is the fiat game. That is ending quickly.
It’s also because everyone thinks they are a retroactive fucking genius.
“If only I knew about this shit in 2010 I would be a trillionaire”
Meanwhile here’s what really happens:
- Pussy out because even $500 a coin seems like I’m throwing away my money.
- Finally grow some balls to buy some
- Forget about it for a while and either lose keys or just leave it dormant
- Your bags increase and you make $10k-$50k and think “this shit is an anomaly. If I don’t sell now I’m going to regret it”
- maybe you shitcoin for a bit
- THEN you wise up and do the right thing.
I know the above would have probably been me. Especially me simping out at a 10x. I could bet my stack that I would have fucked it up if I got in super early.
Breaking news!
“A gathering of straight white men were observed disseminating anti-government propaganda earlier today. Authorities are seeking to press charges against one of the so-called patriots for potential terroristic threats by shouting ‘give me liberty of give me death’ a common dog whistle among far right extremists”
This is far more likely a scam.
Someone is hand picked to buy TikTok most likely with government strings attached. Everyone will get their cut. I’m sure even the CCP will still have a cut (just a smaller piece of the pie). The “ban” is probably the distraction. The ignorance of our congress is real but also a convenient distraction.