There are many people “minting” crap. I’m assuming they are treating it like a lottery ticket and each spends a relatively small amount in the hopes they’ll get rich.

Collectively they are just transferring their valuable sats to the miners doing useful work. 🤷‍♂️

They spent more than 85 bitcoin to write json to the timechain today. More than 3.5 bitcoin/hour.

≈40 megabytes of 💩

62.4K sats per json blob @ an avg fee rate of 363.52 sats/vB. Average size of 343 bytes and 174 vB.

Is this an attack?

As a value investor, I find Charlie Munger's recent WSJ-published arguments to ban bitcoin/crypto and thank the leader of the Chinese Communist Party to be embarrassing and sad.

I'm currently writing a research note to 10,000 retail and institutional subscribers on why it's dumb.

Munger has a history of arguing that someone should be able to "steelman" their opposing view if they are going to have an opinion on something, which means being able to articulate an opponent's viewpoint more convincingly than even they can. Recently on CNBC, Munger was quoted on his historical claim and then asked by the anchor to steelman bitcoin/crypto after his WSJ op-ed, and he was unable to and didn't even try to.

He doesn't know anything about Segwit, Taproot, block size limits, whether a base layer should be Turing complete or not, anything about power dynamics between nodes, developers, and miners, etc. Absolutely no clue, and no attempt at a clue.

Such a bad viewpoint doesn't only reflect his old age, but also reflects his inherent ethics at a structural level from inception as a banker. It undermines his entire legacy.

Even on the history of money and its problems in developing countries, Munger would be schooled in a Twitter Spaces by any random above-average bitcoin twitter anonymous account.

It's sad to see.

Sats giveaway time again - with a little twist.

The first 10 people to reply to this message will receive at least 1000 sats. However, one lucky person out of those 10 will receive 5000 sats - chosen randomly.

Is today your lucky day? Reply now and find out. 😎

Reflecting on the fact that making one, spontaneous Bitcoin video two years ago has changed my life forever.

👁️ 👄 👁️

Less planning, more doing.

You’ll figure things out along the way 💜

The MySpace way, posting a picture of yourself holding a piece of paper with your npub handwritten, throwing up a peace sign and MAYBE some duck lips 😤✌️

#[2]

reputation is far more important than money.

They can use your DM:s, impersonate you and other bad things.

The stakes aren't as high if you're compromised on nostr but I would still say that its still a great way to bring more autonomy and sovereignty to the individual as the foundational principles of social media as a protocol is to put the individial first. Especially for users running their own node, you keep and control all your content and social graph. If compromised, you have to start over with new keypair building those connections and a new history.

Not too much of a big deal now, but imagine in the future, important public people or entities running nostr. Key management will be important.