GM #plebchain

#Bitcoin key security levels:

Level 0: Not your keys.

Level 1: Hot wallet (keys on online device).

Level 2: Single-sig cold wallet (keys on eternally quarantined hardware)

Level 3: Single-sig cold wallet w/ passphrase

Level 4: Multisig

Level 5: Multi-vendor multisig

Level 6: Multi-vendor multisig w/ passphrases

Level 7: Multi-vendor multisig w/ passphrases, geographically distributed

Each level increases your security against particular vulnerabilities, but complicates your setup. Find the highest level you can confidently operate.

Therefore it should be deflationary.

Ireland's Central Bank Governor: Bitcoin is a "Ponzi scheme"

#Bitcoin: No, that's banking

Current #Bitcoin fees

Another valid reason why I choose #Monero is the fact that the fees there are so small that I don't care about them if I make a transaction. Best of all, through the flexible block size of #Monero, the fees will stay low.

Today's 5 minutes on Twitter highlight:

🫠

Bluesky representative…

Hear me out:

It's not a spam attack. If a fair fees have been paid out to the miners to include their transactions in the next block. So stop making these blatant comments that #bitcoin is under spam attacks.

Spam attacks generally have a very low cost attached to it but in no way the mempool right now have low cost fees being paid to be included into the block.

Let this stupidity play out and see where it goes.

#btc #nostr #mempool

🤡

I don’t use my email much anymore since it’s all spam, but one simple fix could be sending an email back and making them solve a captcha before it is delivered to your inbox 😆

people using #btc instead of #bitcoin gives me an icky feeling

-.- . . .--. -. --- ... - .-. .-- . .. .-. -..

There is a correlation between happiness and the amount of #bitcoin you have:

0 BTC = Peter Schiff & Nassim Taleb = Angry

140k BTC = Michael Saylor = Happy

Remember when the dogecoin con artist promised to end spam on Twitter, then declared victory over the spambots, and then all his fanbois pretended the spam went away and the problem was solved?

What's the best privacy focused phone OS?

One major reason I'm pretty cool on the predictions of severe and sudden U.S. decline, is some factors nobody ever talks about.

1. The US is one of the younger countries in the world, with a growing population -- China's population is in rapid decline because of the hangover from the one-child policy. And birthrates have not recovered and continue to decline.

2. The US remains far and away the top destination for immigration in the world.

3. North America is insanely resource rich. It wouldn't be cheap or easy, but the US and Canada in particular have resources in the ground that can substitute out most mineral dependency. Including lithium and rare-earths like neodymium.

4. The US and Canada are food superpowers. Between these two countries, they produce well in excess of domestic demand, and are massive food exporters. Especially to China. China recognizes this, and has been in a rush to replace food exports from the U.S. and Canada with imports from places like Brazil. While they've made material moves here, the dependency remains very high.

5. My worries about AI aside, recent advances in artificial intelligence have demonstrated that US-based companies continue to enjoy serious advantages in terms of R&D.

These are structural advantages that were very important to the rise of the US to begin with. And they're structural advantages that persist today.

These factors matter regardless of inflation or the monetary regime.

For all of these reasons, political and moral arguments aside on whether or not the US *should* persist or decline, these factors should cause one to hedge their certainty that US collapse is certain.