Avatar
ynniv
576d23dc3db2056d208849462fee358cf9f0f3310a2c63cb6c267a4b9f5848f9
epistemological anarchist follow the iwakan scale things

I'm not convinced that a chain is any better than a Merkle tree updated through an API. Allowing transfers to be conducted by non-issuers is powerful, but only if the issuer honors them. Instead of knowing right away with an API, a chain puts the burden of KYC onto individuals who must now decide whether future chain analysis will determine the potato they're accepting is hot.

Stablecoins are a CBDC: each has one corporate issuer in a specific country that will bend to state financial regulations

nostr:naddr1qqxnzde5xs6rjv3kxcer2vp3qyt8wue69uhnzwfj9ccnvwpwxyuzude6xumnwdczyzpxa8uftwq6ksdy2g3x3vjfu6xs9j5pvzx77432fy7wud0lchr4jqcyqqq823cj2qe27

A stablecoin only has one issuer, and it's not your bank

Remove PoW and you have Merkle trees, which are transparent and verifiable

This is a strawman argument: the alternative is a well run, KYC'd as legally necessary API

If it doesn't work over tor, does it even matter? Where are our non-LNURL zaps? Can we get a DNSSEC variant of NIP-05? Why are relays still identified using DNS?

LLMs are amazing, but give credit where credit's due: people have been doing this by hand since the dawn of time

nostr:note16fv0lxe78sete2qw79sl8dtthh3e0gy8ls300emmh56xuqz0q8yqtklgpq

Replying to Avatar boston wine

These are good points. Monero is kind of fascinating to me as a concept, primarily because people use it because they *need* to, more than because they *want* to. People get into Bitcoin for all sorts of reasons, many of them voluntary (and related to number-go-up). On the other hand, while there are of course privacy advocates and others who are ideologically attracted to Monero (and I respect that), I have to assume that most users choose it because they require a high level of privacy in order to avoid government persecution and/or violence.

This means they’re presumably a lot less sensitive to price when compared to anyone who “invests” in Bitcoin. Yes if Monero “goes to zero” then you’d have a hard time valuing it or exchanging it for goods and services, but by that same token (no pun intended) it likely has a much larger percentage of users/holders who transact with it, compared to the percentage of Bitcoin-holders who *only* hold.

Of course some price manipulation could happen, and I have no way to know what percentage of Monero is held by active spenders compared to investors/traders, but I’d guess it’s not insignificant.

It’s an interesting thought experiment. If the above is accurate, it would require someone manipulating the price so high that enough users sell their stacks, at which point it kind of defeats the purpose, if they’re all waiting to buy back in when the price is manipulated lower. Don’t underestimate the anarchists, I guess.

Or maybe none of that is right! But it’s an interesting thought experiment…

Hah, no, you don't drive the price up to get people to sell, you just keep driving it down. With a small market cap and without traditional financial regulations it can be surprisingly easy. At some point people cut their "losses" and you can buy their coins for cheap.

But really, when the only people using it are "interesting", it's a valuable signal! Why would you get rid of that?

One connection pulling a reliable feed for the whole phone isn't the same as a dozen apps trying to do the same

Two weeks ago: "It's just non-citizens, and they aren't protected by the 1st amendment"

Today: "Harvard must comply if we intend to “maintain [our] financial relationship with the federal government.” It makes clear that the intention is not to work with us to address antisemitism in a cooperative and constructive manner. Although some of the demands outlined by the government are aimed at combating antisemitism, the majority represent direct governmental regulation of the “intellectual conditions” at Harvard"

https://www.harvard.edu/president/news/2025/the-promise-of-american-higher-education/

Laptops are lame. For the cost of a fancy new MBP I sourced some used EPYC gear from eBay and have 128 3Ghz cores with a TB of memory. There are many ways to shut things down. If someone told me to shut down Monero, a 51% attack would be pretty low on my list. It has a pretty low market cap, so probably cheaper to alternatively dump and quietly buy coins to manipulate the price down to nothing. That's pretty demotivating, so people would probably move on

There's no such thing as "ASIC resistence". The idea was first popularized by scrypt, but it turns out you can also add a lot of RAM to an ASIC. A few GB isn't even that much anymore. Monero adds some algorithm randomization, but you can add an FPGA to your ASIC... Essentially people can build new ASICs faster than you can get a new PoW adopted