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Brett Phillips
1b00243ff044273d8e46cfd75ab37f2951cfa8fb6647b3beebabbada625b6e60
Brett I. Phillips My initials are bip 🤔 I like to play devil’s advocate and take the contrary position.

I never had a twitter account; zaps for me?!

I would say yes, less than 100 mining pools could be considered decentralized if template creation is decentralized.

At the moment, it appears that one entity controls the majority of the template creation. Software like Stratum v2 and strategies like Ocean’s with template choices are a step in the right direction.

“Strategic Reserve Asset”

- Does the strategy align with your vision?

- Is there sufficient supply that your property will not be confiscated for this stockpile?

I’ve been following nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg and the Cashu project(s) for quite some time now and I’m always impressed and reinvigorated with bullishness whenever I see him make a new release or announcement.

There are many software engineers in this world, myself included, but there are few whose ability and vision come together to move everything forward.

Satoshi is one of/few of them.

Linus Torvalds is one of them.

Calle is one of them.

nostr:note1lmx3j0dzmxxc33yn8dnee5g2pg5qhq6pw3g3742an7xhgzhrafaqnnmfqk

🧙‍♂️🪄🪄🪄

nostr:note12u0x20mje0hr4mt69d5dmlvgtf6vz52y0mj9vphmqu2mtq2dcstqpm5l7l

Today, I was by and large unaffected by the Crowdstrike/BSOD situation. While we use it extensively at my day job, I mostly use Apple or Linux with the occasional elderly Windows Server instance here or there. Coincidentally I was setting up a new Windows VM yesterday and was having trouble getting to everything configured including Crowdstrike, so I gave up for the day. If it were not for needing to get some gas for my car, I would probably have had no idea the extent of the outage. As you may have expected, cash only, which was not a problem as I have been expecting such an occurrence and have a small amount available.

The whole situation stinks. At best and taking the players at their word, we live in a hyper-connected Jenga game where one wrong move becomes disaster. At worst, and I feel the truth is closer to this outcome, we have let our entire infrastructure become infiltrated with a Trojan horse that can be manipulated at will.

I do agree with you but I also think it’s a game that they can only play for so long.

Let’s consider a large player shorting the ETF via borrowed shares. The depressed price of the ETF triggers market makers to convert shares to BTC to sell for cash to buy shares to bring NAV to equilibrium. As we’ve seen with GME, there is no accountability and the players never seem to have to close their short positions.

Where BTC differs from stocks is that at some point, the liquid supply will disappear and no CEO can issue more shares. With respect to gold, it is basically impossible for an audit of the system nor feasible to take custody at the largest scales.

I think there will be a time in the future where these players realize their time is up and flip to stacking BTC and letting it run.

Ultimately, firms like Blackrock make money on fees and if the assets they are managing don’t go up, money will leave and fees will dry up. It is in their best interest for BTC to increase in value so investors stay put.

Are there any competitors to nostr:npub1nxy4qpqnld6kmpphjykvx2lqwvxmuxluddwjamm4nc29ds3elyzsm5avr7 ? It’s a great tool; kudos to the devs. Competition and alternatives are good though.

Did some power washing today. If you’ve never used a power washer, I highly recommend it. The satisfaction to effort ratio is inordinately high. 💦

What do you think about nip-05 for real world verification? For example, I want to survey people belonging to the same organization or community. In the real world, they claim a nip-05 name with their npub. I can now trust responses from these npubs without the need for some over blown account system.

I think SMTP submission is a bit more strict at least in my experience with AWS SES