Decentralized mining pool. No kyc, no registration. Rewards go straight to your bitcoin address. Realtime actual hashrate scoring, no moving average over N period. Block template previews. Stratum v2. Lightning coming next year.

Some of my many opsec mistakes:

- Buying domains with a credit card

- Using AWS with my name and credit card

- Doing KYC with CloudFlare

- Showing my face at conferences and podcasts

- Antagonizing KYC Bitcoin companies

- Not being careful about nostr posts, which cannot be deleted

What would it look like, if an emergent money was being monetized?

Often when I talk with academics or other high-IQ critics of bitcoin, it’s the volatility and seemingly speculative aspect of it that turns them off. It’s almost distasteful to them. They can get behind the idea of global open-source payments and so forth, “but that’s not why people buy it” they’ll say. “They buy it because they’re speculating. It’s too volatile for its own good.” Some aspect of them dislikes it in principle, almost *because* one can make money from it.

But a new decentralized money, including its own unit of account and liquidity, doesn’t just emerge as a multi-trillion dollar-equivalent network out of the box. In order to go from zero to trillions in market capitalization and liquidity, it needs upside volatility. And with upside volatility comes speculation, leverage, and downside volatility. Cycle after cycle, it’s priced like an option. At first it’s like a 0.1% chance that it succeeds in the long run. And then in the next cycle it’s like 1%. And then in the next cycle it’s like 5%, and so forth. So, early capital allocators that have seen a thing or two and know the high failure rate of new ideas will say, “This’ll probably fail, but if it doesn’t, both the investment gains and the macro implications will be enormous.” And then 15 years into it with a few more cycles under its belt, the probability of success looks less like a distant moonshot and more like a real possibility, and then eventually starts to look like the base case. In the beginning the question is, “how will this succeed?” and at later stages the question becomes, “what risks could prevent this from continuing to succeed?”

The process of buying bitcoin is often a speculative process at first, but then as people learn more, they often view it differently. Those that really want speculation will then continue down the pipeline of altcoins- there’s always some shiny new object to try to speculate on. On the other hand, those who begin viewing bitcoin as money, start to view it as a defensive or risk-off act to hold a piece of this liquid and globally decentralized network of value. One would feel too financially exposed not to.

Good thing those app reviewers that make you jump through hoops to get "approved" for the "store" are there to protect you!

(Not a dig at apple, could be any of them)

wallet of satoshi is a closed source custodial bitcoin wallet that many bitcoiners have installed on their phones with camera and clipboard permissions, most new bitcoiners throughout the developing world use it, and the overwhelming majority of nostr users

in my mind there are only three possible scenarios for WoS: rug, shotgun kyc, or deliberate honeypot

fuck this dystopia

GM Rex 🍀☀️☕🤙!

I see two imperial AT-ATs from StarWars.

#InkblotArt

Good day!

This is #InkblotArt, the note that zaps you for your imagination!

Today is November 10, 2023. Block height of 816131

What does your mind's eye see?

#GrowNostr #OnlyOnNostr #GrowArtstr #InkblotArt

Ummmm maybe if you follow ppl back hahaha i see tou following 1 account.

I joined nostr in December and primal shows me 760 followers but whatever I post (pig farts etc., bats dancing ...) I have no engagement whatsoever. Seems like this place is dead.

is my damus bugging, or is his count actually zero?

"Something" erased my relays. I had 3 payed ones (eden ...) in the early days.

Thats a good question!

What are you up to today?

I joined nostr in December and primal shows me 760 followers but whatever I post (pig farts etc., bats dancing ...) I have no engagement whatsoever. Seems like this place is dead.

How many relays are you on?