Chain Code 🔥 - links keys for HD Wallets

Rest assured. They will print…..

and print…..

and print…..

This only ends one way: a new global reserve currency / money.

The big unknown is how fast.

Bitcoin has already won.

Yikes

Doesn’t our long standing culture of tipping (or not tipping) tell us something about how “value-for-value” might work (or not work)?

Nostr zaps might not be the answer for everything.

zapping maybe the perfect solution or useless - depending on the situation.

Bitcoin just works.

FS

Keeping the cost of “un-censoring” LOW is the goal

If a users transaction is censored the system has a mechanism to fight it: fees

Antifragile. Responsively Resistant

“Friendly and easy”…..unless attacked

Marginal cost = marginal revenue for putting units on the ledger

Found Noded. Always amazed when I stumble across new high signal stuff.

Paraphrasing Pierre & Bitstein’s take on security budget from 0.79.0

**Put coins (units) on ledger without seigniorage**

**Decentralized clock**

DA-POW solves both problems

🔥🔥🔥🔥

2009

“The proof-of-work chain is the solution to the synchronisation problem, and to knowing what the globally shared view is without having to trust anyone.”

SN

Invest in yourself. Work. Provide some thing other humans value. Save more than you spend. Save in bitcoin. Preach and practice personal responsibility.

This is the only way we make it . do your part. Spread the word.

Everything in moderation.

It’s the answer to many things/decisions in life.

Food, exercise, substances/drugs, work, play, fun, work, social ……

Aim for the mean.

This is also why the idea Musk vs Zuck is so compelling. Compared to if they decided to play tennis, chess, one on one basketball, or scrabble.

Why is MMA steadily gaining popularity?

My take: heavily dependent on work. POW + you can’t “fake your way through”

Most humans daily life is far removed from these things and we are attracted to REAL life.

Be careful. Stay humble.

Work. Provide value. Save more than you spend. Save in bitcoin. Practice and teach self custody. Support/Use bitcoin only companies. Ignore the noise.

51% attack.

@joekelly100 - his technical description is valuable - seems to understand the bitcoin protocol well enough to propose some issues to consider.

Some thoughts:

- game theory around a powerful gov attacking vs joining the network is interesting. USD is the reserve currency of the world. Why would the CCP + Russia + others “join forces” with USA to keep USD as the sound-est money? Why not just adopt a better money?

History seems to suggest that the money loosing its dominance is just replaced by the next best thing rather than adversaries coordinating to keep it going.

Game theory: not well studied in this, but here goes: good multiplayer games are fun, and difficult to predict the winner, especially if well designed and smart people playing them. Think poker, Risk, Catan. We cannot predict the outcome of government game theory around attacking vs join bitcoin network.

No country has a monopoly on smart humans. They are evenly distributed. Thus this game is impossible to predict but will be fun to watch.

I’m thinking hash power gov “wars” will mirror current open market hash competition between motivated groups of humans. It’s a brutal game. Network gains strength as they fight it out.

Splicing. Cool tech for ⚡️- lowering onchain fees.

If all new layered tech/advances lower onchain fees or onchain use, then don’t we have a problem with long term security budget?

Honest Q.

Len Sassman ?

Epically good. Vinyl. 1970’s. 🔥🔥🔥🔥

Humans have historically built amazing things/tools that last a long time. I’m betting on the thesis that lasting tools/tech/inventions exists today that will outlive my great great grandkids. #Bitcoin #nostr