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Mallard Beakman
643f57e380faee89771fa303fdd59256d65895ee60c3ec4b8eddc59429f34f22
Atlanta. COVID sanity. Bitcoin not crypto. Gay not LGBT. Former biochemist turned patent litigator.

Someone marry me so we can say we met on Nostr

Did not know this.

#[0]

Elon Musk destroying Twitter with a sledgehammer.

PixelFed is a purportedly decentralized Instagram alternative powered by ActivityPub federation.

I'm not sure what advantages ActivityPub would have over Nostr, but it's an interesting development nevertheless. https://github.com/pixelfed/docs

I have some concerns I will acknowledge here, which I hope will not be dismissed as vile shitcoiner FUD.

1. There appears to be a fundamental and intractable tension between self-custody and scalability. Fedimint, for instance, has been proposed as a technique to scale Bitcoin to billions of users. But in so scaling, users must trust the custodians of their funds.

2. In my view, it remains to be seen whether the U.S. government will be able to interfere with mining. One potential attack is MIT's ChainAnchor, which Shinobi links to on the pinned post of his Twitter profile. In that attack, regulators offer payments to miners in exchange for complying with certain rules, such as enforcing anti-money laundering and anti-terrorism financing laws. This would be achieved by creating a separate blockchain called the "ChainAnchor" that would be used to make payments to compliant miners. The government would then "eliminate the remaining non-registered miners, making it impossible to use or mine Bitcoin without first registering your identity." See #[2] at https://petertodd.org/2016/mit-chainanchor-bribing-miners-to-regulate-bitcoin.

3. The time-warp attack, another scary if unlikely scenario that Shinobi brought to my attention. A 51% attacker can not only censor transactions: he can literally break the network by the difficulty and DDoSing all nodes. See https://bitcoin.stackexchange.com/questions/79892/what-are-forward-blocks. Shinobi argues, however, that this attack could be solved or at least mitigated via a soft fork.

It seems like an unfortunate point of centralization that Bitcoin's "official" spec is maintained by a single organization in a language that makes it difficult to run alternative implementations while ensuring consensus.

The TikTok ban proposal is abhorrent. I can't believe more aren't speaking up.

Danielle DiMartino Booth raises a point that #[0] has echoed before: the 2020s inflation arose from the Federal Reserve AND Congress. Monetary and fiscal policy working together.

Even if Powell pivots and slashes rates to 0%, how inflationary will that be without stimulus from a GOP-led house? https://open.spotify.com/episode/5llXeN2ZtubIzNstupWs34?si=F4Nqn9Q9SACVFixDpCk2Nw

I had a dream I met the perfect Bitcoin twink, based and pureblood.

And then he told me he was interested in blockchain technology generally. So that was the end of that.

I'm really hoping that everyone had geographically distributed backups of their seed phrases...

https://void.cat/d/5vcb9ZsnV52pszJT83fDev.webp