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semisol
52b4a076bcbbbdc3a1aefa3735816cf74993b1b8db202b01c883c58be7fad8bd
đŸ‘šâ€đŸ’» software developer 🔒 secure element firmware dev 📹 nostr.land relay all opinions are my own.

tCrmMune - oFelV e hn- ca - hOel otg EraitafiA ubp

Replying to Avatar QnA

Nope

A duress PIN provides absolutely no protection in the following scenarios:

- The attacker can open up your Coldcard and use basic timing measurements

- You are using multisig

- They have a lower bound on your holdings

- They know you use a duress PIN and therefore ask you to reveal both

Anything can be a PUF if you try hard enough

the production cost of things changes, for example, yeah.

but assuming that none of that changes and only looking at the currency helps

A better factor is how a currency may perform in an environment with everything having a fixed and static value.

Bitcoin right now has too much volatility, and the USD degrades its purchasing power via inflation.

A SoV’s purpose should be to be a

Even with Bitcoin being basically near-stable in terms of supply, and assuming an ideal economic model, it will reflect effectively the same as inflation or deflation in terms of prices of products.

People will lose or gain trust in Bitcoin, some products become harder to produce, some easier, etc etc
 There is no reason to value or want Bitcoin except to pass it onto someone else, and therefore that will reflect to the value of Bitcoin

What are savings?


 “stored” value!

Also even if Bitcoin was a perfectly stable SoV (in terms of design) people can lose trust on it or speculate on it, which suddenly makes the value of the “SoV” volatile

the value of something depends on the persons involved, time, supply, and demand

there is no anchor “perfectly stable” valued item you can use either, and even if it existed, it would not have the same purchasing power at any given point

for example, with bitcoin, which is obviously not a stable store of value due to it being speculated on, even if it was stable, it is not immune to for example trust in it being shaken up due to the difficulty of forks and quantum computing risks

Money has less properties compared to most other things that gives it “value”: only that people want to use it

For example, with your 1 hypothetically perfect store of value, if you can right now buy 3 apples, but only 2 next year, is that the money’s value changing?

Value cannot be stored. nostr:note1w0zxnzlppgg6h04cgecnynx9he3ecaqwfk9x30ty97x592dcftjsm4n6y2

Replying to Avatar manlikekweks

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx is TEN31 looking for African bitcoin start ups?

Be prepared for your company to be forced to act in the interests of sketchy HWW manufacturers and in ways to reinforce their echo chamber

yeah because they don’t do fuck shit in terms of privacy

leaked your nsec accidentally? all your emails are public still

show me an encryption spec with forward secrecy or the best option is to provide a revocable link to view the email

it would be great if there was an HWW that you could customize easily and run your own firmware on :)

HWI

đŸ€« probably nothing

No host card emulation/P2P mode, no smart card support, no support for password protected tags, etc etc