How does Bitcoin survive and flourish?
In evolutionary terms does Bitcoin aim to be the crocodile, a design that has lasted the test of time, or does it evolve quickly and continually like a virus to stay ahead.
Note to self to read Brandon Quittem’s essay which I assume suggests Bitcoin’s DNA makes it a fungus
https://brandonquittem.com/bitcoin-is-the-mycelium-of-money/
Gonna be challenging to reserve assets with forgotten private keys…
When do we get vaults? Can we get that after the high priority OP_RETURN change is done?
I think umbrel has “Public Pool” as an option, in fact I think someone won a block with that setup a month or two ago. If your miners are on the same network as the umbrel should be pretty easy to point them to the umbrel node.
I understand why people say that only economic nodes matter and could dictate consensus changes. I still think a network of small node runners makes a difference and has a say.
To transmit transactions to peoples’ wallets there needs to be a wider network of facilitators. If those nodes block transactions the economic nodes become impacted and less valuable. If the majority of the nodes act according the economic nodes and miners become more centralized and thus less Bitcoin like, and more likely to be the failed fork?
I like Bitcoin because it’s Thermodynamic law x Darwin’s theory of evolution x Math x Distributed computing.
Would be cool if there was a way to sign against an anonymous utxo set to prove ownership of an unspent amount at the same time nodes could verify no “double spending of utxo proofs”. I don’t know exactly what I’m saying but verifiable proof of ownership against the issuance might be a future Bitcoin self preservation feature against paper bitcoin.
Won’t every US politician want hands on proven experience running a bitcoin reserve before the next president is elected?
What are some effective ways to bootstrap liquidity for a #lightning channel?
For example, when setting up nostr:nprofile1qqsrf5h4ya83jk8u6t9jgc76h6kalz3plp9vusjpm2ygqgalqhxgp9gpzfmhxue69uhk7enxvd5xz6tw9ec82cspp4mhxue69uhkummn9ekx7mqpzpmhxue69uhkummnw3ezumrpdejqd2970s for the first time, it's recommended to buy a 0-conf channel.
Ideally I could do this w/sats generated by a #bitaxe connected to nostr:nprofile1qqsq9k04vahllseell55m74n3047y88pzlr0z5yany32st29fapqmgsppemhxue69uhkummn9ekx7mp0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qgawaehxw309ahx7um5wghxy6t5vdhkjmn9wgh8xmmrd9skctc87ckyu, however it appears one needs some liquidity to receive payouts, which brings us full circle.
I can see providing value and receiving zaps via Nostr as one option, so would be curious to hear what someone w/a devops background could do for people in exchange for some zaps.
Usually I setup up the self custodial node and channels - zero inbound liquidity.
To free up some inbound liquidity I download Zeus and setup a “node in the phone” then send myself some sats to Zeus. Then I shut down Zeus and drain the sats back to my own on chain address.
I don’t even know if I’m doing it correctly but if that could be automated it would be great!
Windsurf and Claude just vibe coded me my own #solomining pool from scratch. Explained the code to me, and now my #bitaxe is happily sending shares 🥹🤯
https://video.nostr.build/2501d5049bd34b9749dbf37892bca6fadaece282bd8acec9a2ed09849f02c106.mp4
Why would I do this over just mining myself (which I did actively for 4 years with 4 S9s, but now just use a BitAxe) or buying bitcoin?
Why would a miner want to opt into doing this with you instead of just taking the bitcoin that they mine as their profit?
How is this more profitable for them? It has to be or they wouldn't want to do it, right?
How does the company make money from this?
I saw the message about all pooling hash power to mine a block and if so the block reward would be split based on contributions just like a normal pool I assume or is this something different? If it's not different, then why wouldn't I just use Brains or Ocean?
I know absolutely zero about nostr:nprofile1qqs9avl6hmfcqrma3s3haa94c4h436skujtl44qvlht59hwhxksr8ngpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgwwaehxw309ahx7uewd3hkctcpz4mhxue69uhkummnw3ezummcw3ezuer9wchsuwkc8a and only see nostr:nprofile1qqsfln36agetx43hsw8mgkm4hce9j46zu94m8er59nyzhv74p7gg0espzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgjwaehxw309ac82unsd3jhqct89ejhxqgcwaehxw309aex2mrp0yh8xmn0wf6zuum0vd5kzmqf83v6s spamming about it all the time and that it seems like cloud mining, but different, so to me it seems like scammy cloud mining. Because of this, I've ignored everything.
🤙🏻
Same - the bidding page is very complicated even for someone who has mined before. Unclear what you’re paying for or if you’re throwing sats in to the ether.
Assuming good intentions - the idea of collectively mining a block as a small pool is nice idea. The bidding page gave me the same vibes as reading a crypto white paper.
Vaults via hardware wallets instead while waiting for true onchain solutions was a really exciting idea surfaced on @BitcoinReview.
Mini Mac form factor with a Bitcoin core node installed with a button to trigger automatic update with signature checking. Button to display QR code similar to Zeus that allows wallets to connect easily.
In financial wars everyone is looking for new weapons?
cashuAeyJtZW1vIjoiIiwidW5pdCI6InNhdCIsInRva2VuIjpbeyJwcm9vZnMiOlt7InNlY3JldCI6IjNjMDk3MjY0YTM2NzMwMjIyOWVhNzBmYWEyOTc0ZGFiZWRlMjUxNTg3OTMzZjFlM2Q2MzJjYmFjZmU4ZjI2M2UiLCJDIjoiMDNjZTlkMzQxYTA2YTRkM2E4YmFhNTRiZTZiNDQ0ZWRjY2IxOTEyMDJiYmE2Y2IyYzZkNjY5NmZjYjQyMzY2MDgyIiwiaWQiOiIxbnJ0VlJsUmpVUUkiLCJhbW91bnQiOjh9LHsiQyI6IjAyMjY1NGM3MjY3ZGIzODg2MzU4YTZjNTZjOGQxNDFmNTAwOWNiM2U4ZDA0ZTc4MmJkMDFjMWUzYjU4N2NmZTg1ZCIsImlkIjoiMW5ydFZSbFJqVVFJIiwic2VjcmV0IjoiZjg5YTRkZjNlNzI4MjdmMGQ0OThhM2NhYzk3NTNmMzMxODQ1NjQ3NTc1NmRkNjNjMGQ1ZmM0MzVhNDJjNDI5ZSIsImFtb3VudCI6OH0seyJhbW91bnQiOjQsIkMiOiIwM2Q4ZTRhNzkzNjY3ZjQzMjdjMDczOWI0MzVlNjE2ZjlhMDU1NWI1MzMxMDQxN2MyZjFlZjdkZDQ4Y2UwODRkYTMiLCJpZCI6IjFucnRWUmxSalVRSSIsInNlY3JldCI6ImM1MWU3N2QzYWFlZDg0YWM2MDcxNzZjNWE5ODNmY2MwZWNhN2U2ZGEyZDVmZDFhODdkNTU0ZWUzODZiOGRjMmEifSx7IkMiOiIwM2Q0OTg4ZGZmZTg4ZjliYWUyNDcxZmY4YzNlMzgxNWMxY2E3NDMzM2JiNDk5MmVhZDRmMDIwZjM4YzRhOWYwYzAiLCJpZCI6IjFucnRWUmxSalVRSSIsImFtb3VudCI6MSwic2VjcmV0IjoiZjZjN2RjZDhhZTAwMzJjOWI3MDY4ZDRmMzk2NzJlMjU0NGE0ODNkYmRkZjY5OWFhN2FmOTFjZGZhMTIyNDkwNSJ9XSwibWludCI6Imh0dHBzOlwvXC9taW50Lmd3b3EuY29tIn1dfQ==
I do most of my bitcoining on old hardware that I added upgrades to. Everything runs flawlessly as you’d expect for an apex internet protocol.