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Steven Black
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🇨🇦 Computer systems analyst. Maintainer of Steven Black's hosts lists at https://github.com/StevenBlack/hosts
Replying to Avatar Peter Todd

https://www.dailymail.co.uk/news/article-13794959/Record-numbers-migrants-living-Britain-jobless.html

The UK is spending ÂŁ8billion/year on illegals, while in three years they've provided just ÂŁ7.6 billion on military assistance to Ukraine.

Basically they'd rather waste billions on unproductive and violent non-whites (mostly) then help white people fighting to keep all of Europe safe.

We could compromise and give them all jobs demining Ukraine... It's not very difficult work. Just incredibly man power intensive to do safely, and dangerous if you get complacent.

Peter, did you read the article? I just did.

It says “migrants”, not “illegals“. The equivalence of “migrants” and “illegals” here is your personal conflation.

The article says that all this puts pressure to crack down on illegal migrants, a subset of migrants, but the article does not say, in any way, what you are ranting about.

Pay attention, and do better.

Genuinely curious: why BitPay (ugh)?

I’m in Canada. Haven’t come across it despite seeking out btc points of sale.

(Also, given the choice, paying in fiat, as in, no upside to keeping that in my leather wallet.)

Replying to Avatar Peter McCormack

The studio is ready, Danny's flights are booked, and next week we’ll begin recording episodes for our new podcast.

I wanted to share the reasons behind this shift as many have been asking. Three primary factors influenced this decision:

1. I hate making remote shows—I never want to do them again. These interviews need the intimacy of being in person.

2. Traveling constantly has been detrimental to my health and my family.

3. My commitments here with the football club and local community are growing.

So, the solution was clear: build a studio in the UK and produce the show locally.

We’ve secured a fantastic space in Soho, London, and we’re ready to go but given the limited number of Bitcoin guests available in the UK or those willing to fly in, it’s time to retire What Bitcoin Did.

Our new podcast will be similar in feel but will cover a broader range of topics. While some episodes will focus on Bitcoin (though less frequently), most will explore other interesting topics or people.

Having made nearly 900 episodes covering a wide range of #bitcoin topics and guests, we’re now aiming higher. By diversifying our content and guests, we hope to introduce more people to the concept of sound money through podcast osmosis. If we get this right, it will be a bigger show, if we get it wrong, well we tried.

For a long time I have felt there is a need to get out of the #bitcoin corner of the party. Real Bedford FC was a way of integrating sound money into a traditional business model. CheatCode purposely did not include Bitcoin in the title, so changing the show feels like a natural next step.

Sometimes when stuck in the #bitcoin landscape you can lose site of how other people in the world think, lose empathy for the complexities of the world. I have felt this. I'd come home from spending two weeks with Bitcoiners and be with friends and family locally and notice a distinct difference in how we see the world. As everything feels like it is going to shit, I feel like there is a bigger job to do now.

The Bitcoin podcast landscape is well served, from Marty and Odell to Natalie and Preston, from The Blue Collar guys to Stefan Livera and anyone I haven't mentioned. There’s no shortage of high-quality Bitcoin podcasts.

However, there seems to be some fatigue in the space, with similar guests and topics being revisited. With our new show we want to bring fresh perspectives and ideas, aligning with sound money where relevant—think of the shows we’ve had with the likes of Eric Weinstein and Michael Malice.

On a personal note, I’m need the challenge, test myself wider, get fit and find a good woman. I can't do this travelling all the time.

When I started the podcast my life was a shit show - divorced, coming off drugs, heading towards bankruptcy. I've had an incredible 7 years, travelled the world, made amazing friends and got to live my dream by buying my local football club.

To everyone who has helped us get this far - the guests, the listeners, the sponsors, we could not have done this without you. I am forever in your debt.

I hope you’ll check out the new show and enjoy it, though it may not be for some of you. Regardless, Danny and I will work hard to deliver the best show possible, like we always have.

Roll on The McCormack Show!

❤️ Good luck Peter! Like many I’ll be listening, at first.

I’m sure you’ve thought a lot about traps and downsides.

A common mistake I see is, when in a niche market, wishing you weren’t in a niche market.

So beware of that, to the extent you still can. Proceed carefully. Because if you think bitcoin podcasting is saturated…

@RooSoft if you're running Bitcoin Core, RPC has the following APIs which appear useful.

* `getmempoolancestors()`

* `getmempooldescendants()`

* `getmempoolentry()`

* `getmempoolinfo()`

* `getrawmempool()`

Note that you can control the size of your local mempool with Bitcoin Core config.

nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 I have a question.

One of the nice features of sparrow wallet is, it clearly shows the distinction between receive addresses and change addresses, and shows lists for both.

What would happen if a user inadvertently chooses a change address instead of a receive address to receive funds?

Should we put the text of Craig Wright’s legal disclosure in a block on the Bitcoin blockchain?

That block hash: 23 zeros followed by 1 and 8

0000000000000000000000018aed923c250162fe3f058d6af0f3932d9d9aa08c

Yesterday (May 18th) the third lowest block hash ever was added to the blockchain, in block 843946.

The other consideration here is, maybe you are seeing poor Tor network connection quality.

You could always pause your node, turn off Tor, and finish your initial block download over a clear network.

Earlier this week I installed bitcoin core on a new Lenovo laptop running Fedora 40. The entire IBD was done in under 14 hours, over home Wi-Fi.

The takeaway from this is: IBD is extremely sensitive to hardware. You get what you pay for.

I don’t think a Raspberry-Pi should be the basis for any inference about bitcoin, the BTC blockchain, or the bitcoin network.

In winds of 25 knots and above, flags start to occasional point upwards as they flap. That’s a nice heuristic, and a clear tell when estimating wind velocity.

A bit harsh on France, but nonetheless that’s a great take.

We know who else is based in France: Ledger.

Ledger doesn’t have a Lightning piece, but it’s certainement une shitcoinerie, which comes with its own set of potential legal foot guns, I’m sure.

Ledger, or say Ledger Live, could be next.

Yay because Bolt 12 enables common payment modes that don’t presently exist on lightning

Replying to Avatar Bitcoin Mechanic

Someone paying $389 to move $1.94.

547,000 sats to move 2730 sats.

Why?

Because this has nothing to do with Bitcoin and doesn't make any sense from the network's perspective.

People who take comfort that behaviour will remain predictable thanks to economically rational decision making need to know it goes both ways when you start taking in external factors.

You have to do it with miners too.

If a miner can make more money in ways that have nothing to do with bitcoin then you can no longer rely on simple assumptions like "miners will do X because if they don't then they will make less than a miner who does"

The simple example I've used many times is compliance.

If you have a choice between expensive legal battles and exclusion informed by government blacklists (i.e censorship) then it's economically rational to do what's economically irrational.

"You left $500 in TX fees on the table! Why?"

"Because our lawyers advised us that this would save us several million dollars."

We have a case-study of this exact scenario with Wasabi Wallet.

So if this is true, what does it have to do with spam? From a miner's perspective, spam is simply a free lunch.

What's the downside?

The issue is we've been standing on shaky ground when it comes to the assumptions we've made about the choices of miners. Myself included.

It turns out there are instances when economic rationality works *against* the interests of the wider network. It's obvious, but apparently we're all surprised that this it the case, or straight up in denial about it.

Spam is that exact scenario. Blocks are far larger than was ever supposed to be possible with the introduction of witness-discounted data. We see block after block at what was meant to be a theoretical maximum of just under 4MB.

There is no room for interpretation. This is simply harmful and the result of a nasty attack.

The entire basis on which the blocksize wars were fought was that encumbering nodes with way more data would lead to centralization. (Along with a host of other issues, like centralization of mining & pools).

The simple solution is that it needs to stop. Blocks cannot be stuffed with arbitrary data placed there by ambivalent miners.

The way this stops is as a natural extension of a bitcoin community that recognizes attacks and responds accordingly.

It means using node software that isn't designed to hurt its users which is already happening with migration away from Core to Knots. The most popular plug-n-play nodes have all begun offering this.

They did not this time last year.

It means miners choosing pools that at least give them the option of not participating in the attack -> currently well under 1% of the hashrate, 6 months ago not even an option. Hard for me to talk about because obviously I'm employed by the pool in question.

It means people who never mined doing it for the first time.

And mostly it means maintaining an understanding of what makes bitcoin bitcoin. That in itself has always been enough to evict crypto scammers to something other than Bitcoin. Those who wanted to turn it into "paypal 2.0" with the same disregard and contempt for nodes that the spam apologists display now forked themselves off to bcash and craigcoin.

The one thing that will *not* solve this problem is high transaction fees. This is an argument made by those who at least understand an attack when they see it, but are in denial about what surviving it actually involves.

Throughout the last few months the conversation has rapidly progressed and the tide has been turning.

I am under no illusions that this is an easy fix, but that is because of the nature of politics and how much larger the ecosystem is now.

But it's also just history repeating itself.

Bitcoin keeps having to fight the same battles again and again. Always in service of importance of being able to run *and use* a node, affordably and trivially, by complete noobs.

To maintain decentralization.

To resist the corrupting of what we have.

Bitcoin is money. Other features cannot come at the expense of that.

OP RETURN wars, bcash, segwit2x, shitcoins, coloredcoins, hostile BIPs, malicious devs....

We've done it a million times before. Every single time the "laser-eyed toxic maxis" win.

TxId, or it didn’t happen.

When trying to unboost an old boosted note, it boosts it again, which is unexpected behavior, and counter to intent.

See my recent timeline, it contains two successive boost of something I boosted once, weeks ago. I was trying to clear that boost.

I hope this helps, and thank you for eliciting this comment.

Sorry, found a bug in Damus.