Subnostr

Reed

32092ec1a258c9f2c11a9a5bb53b127ca20941f1803dd7f6715050ff8e9fd13a

Bitcoiner, Nuclear Engineer, Truth Maximalist, God not Religion, Earth not ESG Organizer of @npub1ynn5qnnc95qaqjejrtyazfdgutlxvme3djywe6s9wg76k68s37sqsl2qfd

https://linktr.ee/reedbtc

Always a good day when you are heading to Bitcoin Park ✈️

#m=image%2Fjpeg&dim=768x1020&blurhash=_%24FsopM%7BaxaybHoef6%25%25WAjsayayayjs9Gj%3Fj%5Bayj%40ayfQMxj%3FayoLoeayfk%250WVayj%5Bj%5BfkazjYa%7Dj%5Bf6ayfkayM%7Cj%5Bj%5Bayazazj%40t7ayayazj%5Bj%5Bayt7ayayj%5BfQf6a%7D&x=35bd9206a1534e3b40771cca73266d43f764443a65497a1a0bf7751ad73e2816

💜🧡⚡️stack #sats #studybitcoin #btc #bitcoin ⚡️💜🧡

https://bitcoinorshit.com/

If I remember correctly, Morpheus and the team hacked and kidnapped Neo prior to this. Much more efficient.

I don't force people to buy Bitcoin, I just tell them that if they don't they will wake up in their bed and believe whatever they want to believe 😂

DETERMINISTIC OPTIMISM 🌞

One good thing about the #BitcoinETF, it will likely reduce fee pressure brought on by traders during bull markets.

Wall street won't do it on chain, they will all just keep trading paper and derivatives.

Layer 2s FTW? 🙃

average_bitcoiner

SHOULD I USE BLEACH FOR MY UTXOS?

Na just stick them in a whirlpool for a while 😉

GM nostr ☕

Big day today! Reminder that if you haven't already cleaned up your UTXOs while fees are down a bit, now may be a good time to cross that off your list. Fees generally don't go down in bull markets. ⚡

also there is this thing know as T+2 where the APs have to wait 2 days for their cash to clear. this means that they could run out of money trying to buy and sell as NAV dislocates and new supply is not available for share creation.

I've been thinking this same thing. I don't think the suits are really ready for an absolutely scare asset that cannot be created at will. Could make for some volatile times ahead.

Stay humble, stack sats, take self custody 🤙

GM nostr ☕

Long day in fiat land yesterday, missed almost all the drama (fortunately).

Anyone toss out the idea that the SEC Twitter hack will be their excuse to deny all ETF applications? Citing that the price action yesterday proves that Bitcoin markets are too easy to manipulate?

Stay humble, stack sats 🤙

GM nostr ☕

Despite multiple flight cancellations I am successfully in Denver today 🙏

Hoping to get final agreement on standardized practices to help nuclear utilities meet the requirements of new NRC inspections starting in Q2.

Perhaps someday the demand for nuclear power will be so great that the public will finally admit that it is 100x safer than any other power generation mechanism and NRC will finally stop ratcheting expectations. But until then, I'll do what I can to help our existing fleet. 🫡

I don’t know why but I simply can’t connect my Alby wallet to Bluewallet. It’s the craziest thing I’ve ever seen. I’m really angry. 😡

#bitcoin

I've always connected my alby to Zeus. Didn't know connecting to bluewallet was a thing

GM nostr ☕

I guess it is winter after all ❄️

Wtf is going on with all the dots?

defaultuser0 🌀

#nostr - what’s your preferred method of purchasing #bitcoin?

Cashapp and Strike I see the most often due to ease of on/off ramping. Is this still accurate?

#asknostr #bitcoin #plebchain

I mostly use cashapp because of the instant free withdrawals.

Thanks Reed for making the trip to our meetup in Upstate NY and for this awesome presentation to our crew 🧡🔥 nostr:note1q5p949lyrjgdxpayywua5hvx8y8uj9vw77ywxq03klqcpev42vhqh797z2

Can't wait to make it out for another one of your meetups!

Five star review on Meetup 👀🫡😁

⭐⭐⭐⭐⭐

Good morning☕😊. Was your meetup in austin?

Just north of Albany, NY.

GM nostr ☕

Last night I had the pleasure of presenting an introduction to the Bitcoin security rabbit hole to the Capital Region Bitcoin Meetup (run by @npub12pjgsxt38qwka69w4udnlga37h0lnv0gkeukfarlz4y76vp3m08sw9tnn5).

Big shout out to @npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp who supplied a massive amount of the research and best practices on this subject. Many links and attributes point directly to his research and writings 🔥

I did get some valuable feedback on adding info on Passphrases and duress pins which I'll be adding in the near future, but until then, my content is always open to all, so here is a link to the slides I put together. Enjoy!

https://docs.google.com/presentation/d/1xgbE5KlFBh26ZQi7He_i5YQE5rfQxZ8z1sUf1MLUp24/edit?usp=drivesdk

Here's why there are deep incentives for a Bitcoin fork with the Ordinals people.

Ordinals/BRC-20/Inscriptions are now VC funded. And they're going to be pressured to keep growing, no matter what. Yet the hype around their stuff will inevitably fade. And whatever profits they had will dry up. So what will they do?

There are two paths. One is to increase revenue, the other is to reduce costs. The first will be very difficult to do without some new narrative. And they might try that, but it's going to be very difficult on Bitcoin... At least as it currently stands. They could move to another chain, but then, their whole reason for existence, being built on Bitcoin will be no more. Hence the incentive to create new narratives around their stuff and to add "features" to generate interest means some sort of fork.

The other path is to reduce costs. The most obvious cost is the fees being sent to miners. And to reduce that, you need to increase block size or make the blocks more frequent. Either way, this is incentivizing a fork.

The point is that once VC funding entered the picture, the path was set. There will be a conflict of visions and a "peaceful coexistence" was never going to be the outcome.

The "suits" had at least 80% of the economic power during the first blocksize war and they lost hard. they'd never get even close to that kind of a majority this time around. I think the danger of a blocksize increase is extremely low.

🎄 MERRY CHRISTMAS EVE 🎄

Merry Christmas 🎄

GM nostr ☕

Clark Moody Dashboard

Midday Mempool

Immediate Fee Rate: 341 sat/vByte

Hour Fee Rate: 200 sat/vByte

Day Fee Rate: 9 sat/vByte

Mempool Accept Rate: 23 sat/vByte

Mempool Count: 88,401

Blocks to Clear: 77

Block Interval: 9:18

Pending Fees: 3,140,612,600 sats

That's a teenie weenie mempool you have there Clark 😂

h/t nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx

Load More