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Andrew M. Bailey
2645caf5706a31767c921532975a079f85950e1006bd5065f5dd0213e6848a96
I’m here to chew bubblegum and talk about bitcoin and I’m all out of bitcoin

censorship is all around us, and pervades all big tech platforms. but because it consists in what is not seen, it is often very hard to see.

middlemen have their place

(from Tibor Fischer's My Bags are Big; a good read)

All the best evidence supports a sh*t waterfall interpretation. I am bound to the evidence!

I don't always get quoted in my local paper of record. But when I do, I am unable to refrain from saying what I really think about crypto token pumpers

Source: https://www.straitstimes.com/life/the-crypto-bros-are-back-the-hubris-never-really-left

"Acquit Roman Storm, and I will end all tariffs."

Wow!

the first time I heard the term 'thought leader', I thought it was a joke and laughed. an insane thing to call yourself. same for 'changemaker'.

little did I know.

Gerrymandering illustrates how automation in policy can be better than discretion. If you give a legislature the power to chop things up as they will, they will do so in ways that benefit the dominant local party. A better alternative is for an algorithm to draw districts instead, regularly revising so as to keep seats across a territory in line with popular vote (so that, e.g., when 40% of Californians vote GOP, GOP gets 40% of the House seats for California).

Bitcoin obeys a similar principle. Rather than delegating monetary policy to trusted authorities, it automates that policy in highly predictable ways, and regularly revises (i.e., the difficulty adjustment) to keep things in line with what's expected. The outcomes needn't be optimal for this system to be superior, note; for there is no guarantee that those trusted parties will enact optimal policies, and they often fail in this task! The best argument for automated policy, then, is not that it is for the best always and everywhere, but that it is typically for the better.

politician ::lies::

world ::sighs::

me ::sighs not so::

some people out there don't know who Barbara, Celarent, Darii, and Ferio are, and it shows

The miracle is not over. Rather, it hides, and you have to look closely to detect its presence. Bitcoin, Tor, nostr, bittorrent, e2ee messaging, VPNs — all flawed tech stacks that nonetheless protect us from full disenchantment.

Schrödinger's bitcoin: an asset superpositioned between youthful ('we are still early'), and aged indeed ('bitcoin is here to stay').

We collapse to whichever position is convenient, of course, and return to the superposition when the move is complete.

Airport calls for "Friends of Bill W" is an interesting use case for bitchat. I could see that finding actual use, and for the good.

For those not acquainted with this subculture:

People in recovery often find airports challenging — this is a place where one is socially permitted to drink at any hour of the day — and call for help there to remain sober. An anonymous location-based, p2p chat app fits the bill.

It is a good day to rise with the sun and to visit the bank branch for a sixth time to see if I can wire out my “own” money to my “own” account.

Rumors that bitcoin will destroy the state are exaggerated (Resistance Money, p. 255) nostr:note1pjql05hq9euuxkfznqyt0aw4n4gtptrw6r76ddkqzvswaxvv9n9q7vrcnw

This has always been what attracted me to bitcoin, and what I still look for on the internet today — something closer to the wild Usenet and IRC and forum experiences I had in the 90s than curated Instagram feeds or censored news and opinion on Twitter. Pirated music. Sharing ideas. An ever-shifting cast of pseudonyms. nostr:note1amqjnf7mqpklwmry3hsczh9v4cmp3sc2ktcn927ng694tp42re6q3cks2q

Replying to Avatar Martin

WTF?!

There’s a bunch of bots that do this now — scrambling and reposting notes. I can’t quite figure out their game. If you do, let me know.

Replying to Avatar Jake Woodhouse

Just finished this

nostr:nprofile1qqszv3w274cx5vtk0jfp2v5htgrelpv4pcgqd02svh6a6qsnu6zg49spzpmhxue69uhkummnw3ezuamfdejsz9nhwden5te0v96xcctn9ehx7um5wghxcctwvs2y27x9 well done to you and your co-authors

It was excellent

Must admit that it took a few attempts to get through it all, as it’s dense at points, but that is due to the high calibre of all points made, and the research to back it up

Straight into my top 10 Bitcoin books for sure

Highly recommend

Thank you so much, Jake, for your kind attention and the post!

Nostr isn’t a drug; it’s food

The canonical account says that it was rain, alongside something a bit more mysterious:

“When Noah was 600 years old, on the seventeenth day of the second month, all the underground waters erupted from the earth, and the rain fell in mighty torrents from the sky. The rain continued to fall for forty days and forty nights.”

Noah was a conspiracy theorist. And then it rained.