I’m all up in Mempool.space.
More exciting than any New Year for me.
I’ve never payed attention to what happens on the moment-to-moment in Bitcoin…but its FASCINATING!
Once I got oriented w/ what mempool is showing me:
Real-time bids competing for the next block, miners brokering to accept those bids, no one knows when the Nonce will get hit & the block becomes History, the Nonce hits happen maybe in 50mins maybe in 5mins, orders flowing thru may be millions, maybe chump-change but they all flow thru if you want to pay the always moving fees…This is NYSE open pit happening 24/7, tick tock next block, and no one can control it.
Block 777777 hasn’t hit yet, but it has opened my eyes to how truly hyper-advanced this simple little monetary innovation that is Bitcoin really is.
I’m beginning to see, on a visceral level, that Central Banks are fucked so many ways to Sunday. Even their pipe-dream CBDCs can’t hold a retarded candle to whats happening every moment in the Bitcoin free-market.
Tuesday Night BIP39 Poetry Slam
(12word dip)
~~~~~~~~~~~~~~~~~~~~~~~~
Funny February Flower
Adult Child
Obscure Potato
Monster Analyst
Brave Clown
Yellow
~~~~~~~~~~~~~~~~~~~~~~~~
[No wallets were harmed in the making of this wordlist, verified Feb 21, 2023]
Shoutout to Canadian Bitcoin Podcast for sending me down this crucial rabbit-hole about the importance of BIP-39 and the need to use a Passphrase.
If, like me, you’ve never heard the phrase “Don’t roll your own crypto”, you need to watch this, imho.
#AAntonopolousIsAmazing
I’m gonna spend the evening learning Ordinals, just so I can get a dick-pic into the Penultimate Lucky Block.
You’re spot on.
Any global collaborative community should, SHOULD be verifiably decentralized.
Imagine the crazy thought that cancer research would be done via a decentralized platform?
No regulation of the research community?
It sounds like anarchy to me, but I’m not a research scientist.
My guess is it would ignite a passion worldwide, with consequences, absolutely….but major contributions would appear within a few years, and rapidly thereafter. Medicine is no different than anything else that matters in social constructs.
THIS is the type of thing Nostr has ushered into being, every bit as volatile and exciting.
I feel humbled its taken me so long to figure this out:
Nostr is where I engage with people I care about.
Twitter is where I engage with people I want to care about me.
Quick ?,
I sent 500 sats to my Muun wallet from my node, specifically so I could try some Zaps.
Received 500 sats.
Went to Zap, and got a message that 500 sats was insufficient to pay the ‘fees’? Needed 1000+
Little help here?
I’ve heard about this for easily 20+ years, and while I’ve always written it off its surprising how persistent it is. I’ve come across examples of people pointing out strange symbolism in Olympic Opening Ceremonies, World Cup and Superbowl halftime events, Movie/Music and Modeling events that had global attention, likely other widely-broadcast things…and that doesn’t even touch on the many theorists around “occult symbolism” on money, monuments, etc.
I don’t know. Mostly I’ve written this kind of stuff off as just out of touch or a fashion of the times. But it does seem to keep happening.
I can’t envision a sound plan where a US CBDC can be rolled out, on any timeframe, and I’ve yet to find any analyst or monetary figure discussing the monumental hurdles before such an overwhelming campaign.
The US Dollar is unlike any other currency, in that it is comprehensively interwoven into literally countless financial, banking and asset-exchange businesses worldwide. Arguably, every country and business already has systems in place and established over decades for “dealing with the dollar”, whether they actively utilized them or not.
Expecting such a multitude of transactors on all levels to adhere to the adoption, training, integration, issue management, education amongst their customers, problem-solving, etc that is necessary to upgrade protocols to use an entriely brand new US currency system - while still running and building their day-to-day existing businesses - is a ludicrous dream.
And yet, absent such complete, near-immediate global adherence, the US Dollar will become split between the newly promoted CBDC and the trillions of traditional ‘dollars’ currently held in existing systems & networks for transacting in & between Eurodollars and generalized Foreign dollar-holdings. In other words, there can be no gradual or soft-rollout that I can envision, as this would split the fundamental value held within the global system. This split will threaten an impending collapse in these ‘external’ or foreign-holdings markets, because it will be clear that those ‘old dollars’ no longer have a future. The result of this, almost without doubt, is that global trade will threaten to grind to a halt, as many and varied foreign suppliers, partners, customers, etc will simply refuse to trade valuable resources, materials, services and support for a CBDC that their own banking, finance, trade-partners and customers are unable, unprepared and possibly unwilling to accept as fungible.
Multi-national firms, for instance, will find themselves forced to transact in CBDCs for their US interactions, say, while struggling to maintain supply logistics and support et al with various non-US interests who are simply not able (or not incentivized) to adopt entirely new software, custody infrastructures, and sets of transaction practices. And again, many or most of these foreign counter-parties won’t want to continue trade in the ‘old dollars’ which are clearly being phased-out and replaced. The value of these ‘old dollars’ will be on a fast-track to zero.
I suspect this impossibility of replacing the traditional US Dollar in an already decades-long ‘dollarized world’ is obvious to CEO’s managing global firms. Thus eventually they will balk at any real efforts to push this forward. And this doesn’t even address a world that has begun substantial moves toward ‘de-dollarization’.
And if such a fractured-transition of a new US digitized Dollar is truly certain, then there’s another potential aspect of this, which I wonder whether the Fed has thought through. The impossibility of rolling out systems, both technological and very IRL, to support the new US CBDC in a fast and seamless manner will - if such a path is pushed forward anyway - result in companies and industries being forced by necessity to conduct trade in other, established non-dollar assets in order just to keep orderly business continuity flowing.
In other words (and long-story short here), Bitcoin will yet again become a solution in search of a problem. Because I trust it should be abundantly obvious that no other ‘established non-dollar asset’ can realistically meet the needs of real-time global trade in still-Dollar-dominant economies.
So all this taken into account, I have to wonder if the Fed’s pursual of a CBDC Dollar is something they know will happen over a multi-decade timeline…or if there may be some plan for propping-up by other means than Dollar-denominated assets…or if they perhaps already accept that by rolling this out within America it will necessarily mean rug-pulling the Foreign Dollar markets worldwide, just as software companies do when they deem older software simply should no longer be supported?
I think you mentioned, there’s already a bounty out to develop a decentralized GitHub…and I found myself thinking just this morning about how decentralized networks will likely spread to many other specialized areas, esp science and medicine, also education. Areas that are highly information-sharing intensive, but subject to capture by monied interests.
Hell, it sounds like even LinkedIn is censoring people.
Imagine if cancer research could thrive on a global platform not curated & controlled by interests who generate a ton of revenue from cancer treatment?
My new favorite pick-up line is going to be:
“When I’m hungover I like to cook big breakfasts.”
If a woman doesn’t respond favorably to that then we’ve gotten the formalities out of the way.
FYI, On ipad w/ Damus I see a vid but can’t get any sound.
After a night of drunken abandon I woke up this morning to discover that I have a super-cool, very attractive woman’s address in my wallet, written on torn bar-napkin.
No phone number, just name and address.
I’m now debating the logistics of showing up on her doorstep and saying
“Hey there, remember me? Soooo…Why do I know where you live?”
So Ebay & Amazon & Etsy, et al…
This is a thing, isn’t it.
Wow.
No one is prepared for this.
I think inheritance setups are a FUNDAMENTAL move forward in the next decade, and it sounds like this is a legit step in the direction of “simple is crucial”.
I’m definitely going to turn FOMO into a sleazy pickup line.
“Whoa, whoa, whoaaaa….waitup baby…you gonna just moon that asset on by in fronta me and not expect me to FOMO!?!”
I truly regret my snarky song-lyric answer before.
I was given advice by a 99-year old woman once, sharp as a knife, a person I can say a great many people looked up to:
“love is not about passion.
love is
‘are you there a week from now,
a year from now,
ten years from now’.”
I offer this, fwiw. Love is not an object or goal, it is imperfect always, but it is a kind of measuring stick for your personal life.
Is this good enough a week from now?
Is this good enough a year from now?
Is this good enough ten years from now?
This is a sobering way of looking at relationships, but also very real.
I haven’t found that yet and I married/divorced my best friend. But I get what I’m looking for, so there’s that.
It’s always been the same w/ any and every new info technology.
Porn draws the plebs in.