#coffee

#coffeechain

GM, sunny and winter is yielding.

Sometimes you need to make a stand

nostr:nevent1qqsyrqlzjtdyufshry9puarjy2mawfnlkv2wvm64vn23vx7zfuy9aegpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygrq6z708vqc7lx7jfkj9e3u8n5aajp4ptfm6c665xld6wjk68apgvpsgqqqqqqs9tle45

Got one of the wishes, it was a warmer run today.

nostr:nevent1qqspjpyka2zjfrzutc6htpa32f703wu86daq5lfaty2kwcqrqmtptsgpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsxp59u7wcp3a7dayndytnrc08fmmyr2zknh4344gd7m5a9d506zscrqsqqqqqpzy8wye

#proofofsteps

#natchaugtrail

Beyond #jerrysbench

Beaver pond. The warmth brought with it Beaver stench. It doesn't smell as good as it looks.

The pond was an old grist/saw/whatever mill.

And from above.

In the 50s today. Trail is packed more. Ice is below the surface and not above. Slush all around. Feet are colder, though it's warmer.

nostr:nevent1qqsr0u8e5jus5p8j6lahwujpu5qjh9pj7ynshgt4rnmhgepsp7zua2cpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygrq6z708vqc7lx7jfkj9e3u8n5aajp4ptfm6c665xld6wjk68apgvpsgqqqqqqsx2xhta

#coffee

#coffeechain

GM, the weather report tells me it might get to 50 today. That will be something.

https://video.nostr.build/8cb98567022beca10da5e37e2b75093e02a71b743137b87438b777667d501c10.mp4

Sleepy

#flowerstr

Hello, we are six weeks out from Tulip season. Its hard to imagine with ice and snow on the ground. Here are scenes from last year.

#coffee

#coffeechain

GM, Finally got above freezing yesterday. Today we expect it to be even warmer.

#coffee

#coffeechain

GM, dishes done before church.

I'm watching. Thanks.

Following, and post is in my bookmarks

nostr:nevent1qqsywnrj8m0pmy457wcs6fl5xtjmet8mqq7zcu2tuywu6l725ju9c5qpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygqw3z4vwd5dtujcysmcyczzk0an5f4pymeas4mp334kv54f7kl6pgpsgqqqqqqsnqdgtd

We are not the same.

Try that with a long board.

I believe the chart references active native BTC wallets only. I think lightning wallets are not included. Lightning wallets are a new advent over the past couple years. They are not part of the daily lexicon for average person who has heard of crypto and bitcoin, but believe lightning never strikes twice even though I have been zapped more times than I can remember. This means lightning has a lot of room to grow.

Lightning transactions have been around 4 years or so. Early devs were testing with nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgspp4mhxue69uhkummn9ekx7mqpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg4waehxw309aex2mrp0yhx6mmnw3ezuur4vgkhjsen a year or so before Elon's takeover of Twitter.

I love #nostr, but it's biggest drawback is the rabid tribal #BTC maxi posture that slows adoption to this wonderful immutible social network. Much of this design is puposeful, but has its drawbacks, creating an echo chamber that sometimes obscures reasonable critical thinking.

There are many crypto projects that show tremendous potential and will fail and go to zero. There are other crappy projects that may survive like #XRP, #ETH and #SOL. That's how this space works.

You may know this story. In early days of internet, well before all browser traffic was https, a company called Netscape Navigator in 1996 held 89% market share in browsers. They were the best, had the most brand recognition and pretty much invented the space. Four years later, they had less than 20% market share.

There is so much untapped potential with this tech, yet we tie it to the dying dollar because it's what we have always done. Its not a reason, but an excuse. Eventually, contracts, real estate securities, supply chain and purchase of my cup of #coffee will run on some blockchain, realizing much of Satoshi's original vision of a peer to peer medium of exchange but beyond the full capability of bitcoin itself.

nostr:nprofile1qqszqmjcq9t74ceetn0e2nlnq5q7z6gzqar9df9efylnd7ykze6fdvspz9mhxue69uhkummnw3ezuamfdejj7g68r2h I really appreciate you taking the time to read and discuss this topic. I knew it would strike nerve with many passionate advocates of freedom and bitcoin. This is the stuff that keeps it moving.

Absolutely nostr:nprofile1qqsykh4lg3nkfcesv3x5zc5jf2r2w0z3wvycewcqmv9xjzcfwqr2prsppemhxue69uhkummn9ekx7mp0qyg8wumn8ghj7mn0wd68ytnddakj7qgewaehxw309anhymm4wpeju6r6wfjrzdpe9e3k7mf0c4u979 ASIC stands for application specific integrated Circuit. It is a node with one job. Bitcoin runs on Secure Hash Algorithm 2 or SHA2. That's the algorithm specific to bitcoin, so an ASIC that runs on SHA2 will only solve problems on that network. Litecoin ASICS use the Scrypt algorithm so a Litecoin miner will not work on the bitcoin network. That said, DOGE also runs on Scrypt, so you can run a Scrypt ASIC on either the DOGE network or the Litecoin network, but not on the bitcoin network.

#proofofwork

#proofofwalk

#jerrysbench

#natchaugtrail

I have one of two wishes. Either is OK. Warm up so I can pack down the ice on the trail or snow so I can ski.

Road is still icy too.

Keep in mind lightning transactions are off chain. It solves the problem of slow transactions, but it is off chain. Nobody in their right mind will put all their sats in their lightning wallet.

I'm sure you own gold silver and copper. Each has a different use case and value in their own right. I think there is room in the greater POW community for alternatives, and currently they rise and fall with the bitcoin tide. Will that always be the case? Active wallets paint an interesting picture. We are so early in this game. If there are only ~1 million daily active BTC wallets. What happens when there are billion? Stay humble and stack sats.

Bitcoin is king and I'm a firm believer in its value, but it's not perfect. For example, it does not have a privacy component like the anonymity of cash transactions, natively it is slow to transact, and adoption as money is in conception (not even in infancy yet). Keep an open mind this is just getting started.

https://www.investopedia.com/terms/l/lightning-network.asp#:~:text=Key%20Takeaways,until%20they%20are%20done%20transacting.

Good points about 51% attacks and hash rate. This happened with Ethereum Classic ETC. Keep in mind, mining rigs are specific to protocols. This can be problematic if one pool grows too large and hijacks the hash rate. Is BTC too big to fail? I don't know. What will the future hold with AI server farms and quantum computing? BTC is safe now, but what about 10 years from now?