#gm #nostr #miamibeach #sunrise #plebchain 
I am a place where transactions wait,
Hoping to be added to the blockchain's gate.
But when I'm full, transactions get stuck,
And users grow frustrated, their patience is chucked.
What am I?
#plebchain
#BitVM and #BIP300 are both solutions to the problem of Bitcoin's scalability. BitVM is a #virtualmachine that allows #developers to create new types of transactions on the #Bitcoin blockchain, while BIP300 is a proposal to create a #sidechain that would allow for faster and cheaper transactions.
The main difference between BitVM and BIP300 is that BitVM does not require a #fork of the Bitcoin blockchain. This means that it can be implemented without disrupting the existing network. BIP300, on the other hand, does require a fork, which means that it would require all users of Bitcoin to upgrade their software.
Not requiring a fork is important because it would prevent a split in the Bitcoin network. A split would occur if some users upgraded to the new software and others did not. This would create two separate blockchains, each with its own history of transactions. This would be disruptive and could damage the Bitcoin network.
BitVM is a more promising solution to Bitcoin's scalability problems because it does not require a fork. This means that it can be implemented without disrupting the existing network and without creating a split in the Bitcoin community.
#bitvm #bip300 #nosoftfork #nomasf #bitcoin #plebchain
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Premium case for seedsigner in stock again I would hurry these go fast #seedsigner
Weekend fun
#tapsigner #vulcan21 #seedqr #nerdminer #seedsigner #bitbar #multisig #plebchain 
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#gm #nostr #coffeechain #plebchain #bitcoin #gfy 
George Selgin is an American #economist, senior fellow and director emeritus of the Cato Institute's Center for Monetary and Financial Alternatives, editor-in-chief of the center's blog, Alt-M, professor emeritus of economics at the Terry College of #Business at the University of Georgia, and an associate editor of Econ Journal Watch.
#Selgin is a leading expert on monetary economics, including monetary history, macroeconomic theory, and the history of monetary thought. He is also a specialist in the economics of #Bitcoin.
Selgin is the author of numerous articles and books, including:
* The Theory of Free Banking (1988)
* Good Money: Birmingham Button Makers, the Royal Mint, and the Beginnings of Modern Coinage (2008)
* Money: Free & Unfree (2017)
* Less Than Zero: The Case for a Falling Price Level in a Growing Economy (2018)
* Floored! How a Misguided Fed Experiment Deepened and Prolonged the Great Recession (2018)
* The Menace of Fiscal QE (2020)
Selgin is a strong advocate for #freebanking, a system in which private banks issue their own #currencies in competition with each other. He argues that free banking would create a more stable and efficient monetary system than the current system of central banking.
Selgin is also a vocal critic of the #FederalReserve, which he believes has often abused its powers and contributed to economic instability. He has called for the Fed to be abolished and for the monetary system to be privatized.
Selgin is a highly respected economist and his work has been influential in shaping the debate on monetary policy. He is a frequent speaker and commentator on economic issues.
In addition to his academic work, Selgin is also a Bitcoin OG ("Original Gangsta"). He took part in the original cypherpunk mailing list (with Wei Dei and Nick Szabo) that led to Bitcoin's invention, which #HalFinney and #NickSzabo say he helped to inspire. He was one of the first economists to explore the economics of #Bitcoin
#plebchain #nostr #bitcoin #fedimint
Getting 🥶 in #Miami
Beautiful morning
#gm #nostr #coffeechain #plebchain #miamibeach 
Need the strong stuff today #gm #plebchain #coffeechain #nostr #miamibeach #gfy 
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A #gamma squeeze in the context of Bitcoin is a situation where a rapid increase in the price of Bitcoin causes market makers to buy #Bitcoin in order to hedge their positions. This can lead to a further increase in the price of Bitcoin, creating a self-reinforcing feedback loop.
Market makers are responsible for providing #liquidity in the options market by buying and selling options contracts. When a trader buys a call option, the market maker is obligated to sell them the underlying asset (in this case, Bitcoin) at the strike price if the option expires in-the-money.
In order to hedge their risk, market makers will buy Bitcoin when they sell call options. This is because if the price of Bitcoin rises above the #strike price, the market maker will be able to buy Bitcoin at a lower price and deliver it to the option holder, making a profit.
If there is a sudden increase in the price of Bitcoin, it can create a gamma squeeze. This is because market makers will need to buy even more Bitcoin to hedge their positions, which can further drive up the price of Bitcoin.
A #gammasqueeze can be caused by a number of factors, such as:
* A positive news event, such as a major adoption or partnership announcement.
* A large influx of new buyers into the Bitcoin market.
* A short squeeze, where traders who have bet against Bitcoin are forced to buy Bitcoin to cover their losses.
It is important to note that gamma squeezes are rare and can be difficult to predict. They can also be very volatile and lead to sharp price swings.
Here is a simplified example of how a gamma squeeze could play out in the Bitcoin market:
* A trader buys a large number of call options with a strike price of $40,000.
* The price of Bitcoin begins to rise rapidly, and the call options become more valuable.
* Market makers are forced to buy Bitcoin to hedge their positions, which further drives up the price of Bitcoin.
* The price of Bitcoin rises above $40,000, and the call options expire in-the-money.
* The trader exercises their options and buys Bitcoin from the market makers at the strike price of $40,000.
* The market makers are forced to buy Bitcoin at a higher price than they sold it for, making a loss.
This is just a simplified example, and gamma squeezes can be more complex in practice. However, it should give you a basic understanding of how they work.
#plebchain #nostr #ngu
New addition for the #multisig trifecta #bitbox 
By the way, if you are not already on #Fountain earning #sats to listen to #podcast; what are you doing? #gm #nostr #plebchain #stacksats
Reflink
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Awesome #propagandadaily episode with @dcentral https://fountain.fm/episode/5hjsBPvqy37PZfL7SkCg 
Using #nunchuk to monitor #coinjoin 🛅 on #testnet. Loving this wallet. 