This is beautiful. Great job Calle! Thank you for all the hard work on Cashu!
āBut we need inflation or else the economy dies!!ā
Assume everyoneās income and savings keeps pace with inflation. Then thereās no reason to have inflationā¦ It only works if on average it takes purchasing power away from the majority of people.
If humans are still using Bitcoin after becoming multiplanetary then itās likely mining infrastructure moves closer to the sun for abundant cheap energy. It would be an arms race to see who could capture more sunlight to power their rigs.
You might expect to see mining equipment in a tighter orbit around the sun so those machines have less latency between each other as well. This also lowers average latency for on chain transactions since planets are often on opposing sides of the sun so a lot of communication has to pass by there anyway.
The Samurai wallet indictment alleges the Samurai service is a money transmitter despite not meeting the definitions set forth by FinCEN. The service itself never took control of funds nor did it transmit the funds. If this case rules in favor of the DoJ then it sets a precedent that could be used to target mining in the US.
A miner takes transactions and includes them in a block and then broadcasts them out to the network. This process is not meaningfully different from what Samurai was doing if we go by the extremely loose definition of money transmitter the DoJ is proposing.
This means that all miners could eventually be forced to apply for a money transmitter license which can be denied or revoked on political grounds. It also drastically raises the barrier of entry and so pushes the industry into the hands of those companies and individuals who are politically connected or who can afford the lawyers to help them acquire the license.
Reminder that this is coming at a time where Antpool has almost 50% of the hashrate. If mining is jeopardized in the US then expect Antpool to have well over 50%. Now is the time to raise awareness and share your concerns with policymakers.
It would be great if it couldnāt even get to the inbox unless thereās a stamp.
Thanks for building this app!
Does it make sense to have a setting for receivers to require stamps too?
Use case: if someone outside of my contacts sends me a note then they have to pay me to read it.
Not sure it counts as a single page template but this engineer used traceroute to distribute his resume. That sells the candidate far better than any well formatted pdf in my opinion.
Does the samurai case open the door for requiring miners apply for money transmitting licenses š¤
This effectively kills pleb mining in the US
This is a great theory. It does a great job explaining Russiaās motivation and their point of view. It discounts the US point of view though.
Do you remember the solar winds hack? Remember all the critical infrastructure that Russia has been probing and even the gas pipeline they hit with ransomware? They invested a lot of resources into their troll factories to sway public opinion in the west to whatever suits their needs. They are clearly hostile to the West and at some point a hot war was inevitable.
I would guess that in principle, it should be possible to build it so that they don't know which Strike user has which npub.
Are they doing that? Or is there a database with npubs and identities somewhere? Would be great to know what we're dealing with nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg.
Itās likely they connect them even if by accident. For regulatory reasons they will at the very least be storing logs for a few years. Samurai leaked Xpubs despite explicitly being a privacy tool.
Their whole foundation makes no sense. āThe beurgeoisie have too much influence on society. Letās replace them with a group called the State instead and codify their superiority in law. That will fix it!ā
nostr:note1egwresn6lngsgy2d2pwnhxe8k25x8fx9zyvqrm2qgrm5398zs93ssx0wda
Itās inevitable. When thereās no friction for creating an account youāll get spam. Paid relays can help but then you get relay centralization long term
Little chance Russia is banning it. Their government will make it so they have a monopoly on mining within their borders. Theyāll tightly control on and off ramps. Theyāll set up their own lightning networks to control cross-border flows. Their oligarchs understand its utility and wonāt give it up. Itās still early in this game.
Did anyone use the heat transfer of a frying pan to transmit a transaction yet?
Would be a nice weekend project: create an air-gapped transaction, build a little device that heats up a frying pan on one end, and once it hits a certain temperature threshold (measured at the other end) you book it as a binary ONE, and if it doesn't hit the threshold in a certain timeframe you book it as a binary ZERO.
The frying pan would literally act as a transmission device, and once the binary string is transmitted through the pan, you broadcast it to the network by whatever means. Bonus points if you broadcast via ham radio, just for the heck of it. And also because you could give it a nice name like "Ham in a Pan" š„š³
https://dergigi.com/slides/2022-riga/images/highres/mj-bacon-wallpaper.webp
Modern day smoke signals!
On a related note, this guy has a project to transmit #ecash over Reticulum so it supports HAM and LoRa as well as WiFi:
Iām on the fence here. Initially I was against these shitcoin games but then I remembered steganography was a thing. Those clever bastards.
If Antpool does indeed control the block template for more than half the hashrate then they become a natural ally for the legacy system that wants to control payments.
Expect more developments there. The ECB and the US Fed would prefer maintaining some level of control over having none at all and will inevitably partner with any pool in that position.
