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Machu Pikacchu
1e908fbc1d131c17a87f32069f53f64f45c75f91a2f6d43f8aa6410974da5562
Interested in bitcoin and physics and their intersection. https://github.com/machuPikacchuBTC/bitcoin

Bitcoin jobs! nostr:note1nfek25l6ctkw867zlqrwthxhr4cj8fdk7qg3zv8dggm3a7hkqzas8sewlw

How would this work if the shares are in a retirement account? Guessing with the repeal of SAB121 the Bitcoin is transferred to a custodial wallet?

There are reasons to be optimistic about decentralized AI countering the rise in powerful, centralized AI systems [1]. We need more people working on it though.

The model the big players are going with right now is to spend a lot of money and resources training and releasing high quality free models so that it’s uneconomical for companies to compete. The Chinese models are a subsidized retaliation for the chip sanctions. It’s part of the digital war between the two large economies.

People racing to use these models “in the cloud” are inadvertently training them and giving them an advantage that new entrants won’t have.

Perhaps nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx is funding a decentralized AI project through OpenSats? If not there’s a great opportunity.

1. https://www.primeintellect.ai/blog/opendiloco

Anyone cheering this on is short sighted. A President issuing not so veiled threats towards people they don’t like doesn’t end well. More and more public figures will fall in line with his marching orders regardless of the policy. What happens when the policies involve stealing your bitcoin?

This is how a leader consolidates power. Bitcoiners should be against centralization rather than praising it.

More progress in privacy tech. nostr:note12s4u4sjq3epz3pnrvrmvcn8a6tarhckrpe737l59tq47270snj2s5wq88d

Agreed. Sats flow is a different game than cash flow. A landlord asking for rent denominated in bitcoin has to build in appreciation or they’re going to lose tenants every few months.

Very few businesses can accurately price (nontrivial) recurring payments in bitcoin at the levels of adoption we’re at now.

Run your own full node and lightning node on there. It’s always on and always internet connected.

With it being Linux you can embed lightning further in the stack and make communications more secure and potentially eliminate spam if you require incoming calls to pay sats before connecting. Setup a whitelist so known contacts don’t have to pay.

Scenario: US shifts policies towards bitcoin and encourages adoption. It waits long enough for most of the market to pile in and drive up prices organically. Once everyone is onboarded the federal reserve and treasury department unleash the money printer and pumps the bags of the US economy. In the process it prints enough to reduce debt to GDP to more sustainable levels.

Sounds good? I don’t think so. If other countries don’t adopt a similar playbook in time then it becomes the single biggest transfer of wealth in history away from the rest of the world. It feels like this is the path we’re on.

In the process it pumps the bags of dictators who control the Bitcoin infrastructure and holdings for their country further strengthening their relative position of power domestically. Maybe that imbalance will destabilize those regimes? Maybe it funds all of their tyrannical operations?

It’s hard to see a better alternative either. Governments are all in debt beyond what they can repay and this seems like their only option aside from default or war.

It sounds obvious, but beware of protocols that can disallow transfer of value.

HTTP for example is neutral. The Visa protocol isn’t. The traditional social media protocols aren’t.

Fun fact: timestamps recorded on the Bitcoin blockchain are the ONLY timestamps that can’t be tampered with eventually. At least so far.

Thank you for the demo, nostr:npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424 ! Can you explain what that secret script does? Looking at the source the “on” button is just an obfuscated string.

Asking people to blindly run a script that can touch their nsec is dangerous.

It’s part of the reason I haven’t setup my zap wallet yet because I haven’t had time to vet the integrations.

Great summary! nostr:note1a0g0f5a0zg93petv7qfjnzm9d2uj3xpchj2h2ppp2xgrv2lfc94qcy9pxp

This should’ve been the image MARA inscribed if anything.

PoS networks are basically viruses.

Been Twitter free since 2016. FB for even longer. Never had an Instagram or TikTok. I haven’t felt left out or that something was missing from my life and in fact I’ve felt less stress than my friends and family and had more opportunities by not wasting time on those platforms.

#nostr only.

Decaying threshold reduces the risk.

If you’ve got that setup it’s not as bad but you’re still locked out of your own funds for some period if you lose a key. That inherits the risk profile of time locks where if you feel like your keys are compromised or at imminent risk then you can’t move funds to a new setup in time. It really depends on your threat model.

If you’re backing up 3 sets of keys then you’ve got at least 6 to keep up with, which makes recovery easier, but for each one you have to maintain security. It creates more opportunities to leak your keys.

Never ever do 3 of 3. Or N of N in general (lightning channels are the exception with 2 of 2 but that’s a different story).

With that setup you don’t have any redundancy and you’ve increased the chances of losing keys.