Correct, the protocol is only permissionless and zero-trust for the people projecting the most physical power. But an adversarial equilibrium emerges. This is described by Satoshi in the whitepaper in regards to a 51% attack, but the same logic applies to writing blocks to the chain.

It's conceivable that China and Russia could combine hashrate to potentially censor their adversaries transactions . This is why it's really important for the US and her allies to control enough hashrate to ensure we can still regularly add blocks to the chain. Unless our adversaries can completely censor our transactions which would require much more than 50% hashrate they are highly incentivized to continue acting in an honest way.

Bitcoin is censorship resistant if you are controlling your own hashrate.

If you do not control hashrate its a trust-based system where you trust miners to add your transactions to the block.

Proof-of-work is unfortunately the least understood part of this new computational system.

As Lowery would say, humans create shared abstract realities. This is first and foremost a strategy to scale cooperative behavior beyond dunbars number in order to remain physically secure against neighboring tribes that are also scaling.

A Schelling point in game theory

Wonderful work Jay, keep it up.

How all you degens doing?

The model should shift to requiring sats to post. This would increase quality of content and do a lot to defeat exploitation and abuse of bots/trolls while also providing funding for the people running nostr.

Zaps could still be a thing.. but we're missing the bigger picture here imo.

Yes but they don't allow you to add a description to a bolt 12 invoice unfortunately which is required for ocean payout setup

Anyone out there know if there is any custodial lightning wallets that offer a BOLT12 solution? I don't want to open my own channel but need a solution to receive payouts from OCEAN.

#Bitcoin #Lightning #Bolt12

That's an exceptionally rare universe

Hey nostr:nprofile1qqs8a474cw4lqmapcq8hr7res4nknar2ey34fsffk0k42cjsdyn7yqqpzemhxue69uhks6tnwshxummnw3ezumrpdejz7qgwwaehxw309ahx7uewd3hkctcpzemhxue69uhk2er9dchxummnw3ezumrpdejz7382ta8 are you getting close to finishing your audio for softwar?

What was your favorite part of this thesis

#bookstr #gm

Ultrasociety

Won't be long now I reckon

This is the way

GM

Hey guys, I saw you mentioning you have trouble following people. If you are using primal that might be why, I noticed the same thing while using primal. Try a different client and you'll probably have better luck.

It's a nice LARP.. her clothes aren't nearly dirty enough though.

🥱😴💤💤

We are not all Satoshi. Satoshi is a genius on the level of the greatest minds to ever exist.

stfu

#Bitcoin will change the planet and our species forever. #Art #Ai