Nostr Web Client

Replying to

TIP_NZ

Time to bring back the age old debate:

Cast iron or stainless steel, which is your favorite money transmitter?

Alex 1y ago

😍

Replying to

Maximus Maximalistus

#BitAxe Supra (1368) #Bitcoin miner with BM1368 ASIC chip

620 GH/s at 17.5 W/TH

Find it on #DCentralTech

https://d-central.tech/product/the-bitaxe-supra-1368/

And in other legit sellers at https://bitaxe.org/legit.html

Alex 1y ago

Does that product (https://d-central.tech/product/the-bitaxe-supra-1368/) include the asic chip?

Replying to

WantClue

Okay I need to educate myself a bit. First time soldering a Bitaxe Supra. Shall I do a live stream about it ?

Alex 1y ago

⚡️

Replying to

gladstein

Just so you know what they are going to try and go with:

Alex 1y ago

the usb cable and frying pan examples are nonsensical

Replying to

frphank

Support a growing economy. It can be adjusted back down later if needed.

Alex 1y ago

It's not the number of sats that matters, it's their purchasing power. That code that you want to delete is what's driving the purchasing power. You severed the very branch you were perched on.

Replying to

frphank

The Nazis over at bitcoin core locked the issue https://github.com/bitcoin/bitcoin/pull/29778#issuecomment-2079554427

This is why we need decentralized git via nostr or something including decentralized issues.

Alex 1y ago

That would make bitcoin inflationary. Trying to understand where you’re coming from…

Replying to

Clark Moody Dashboard

Morning Coffee Bitcoin Report ☕️

Price: $64,540 (1,549 sats/dollar)

Hash Price: $97.07/PHash

Hash Rate: 640 EHash/s

Immediate Fee Rate: 281 sat/vByte

Hour Fee Rate: 267 sat/vByte

Block Interval: 9:41

Mempool Count: 55,006

Block Height: 840,958

Supply Issued: 93.76%

Blocks to Halving: 209,042

Alex 1y ago

Replying to

calle

Mental model: an ecash mint with the purpose of processing payments for a specific service is an alternative to an accounting system.

The flow:

- user tops up balance (e.g. via Lightning)

- service provider (SP) issues ecash to user

- user pays ecash to SP for use of service

Imagine running an entire blockchain for a single application, a website, social network, VPN provider. That would enable interesting use cases but would be a huge waste of resources. With ecash, you can build these systems without blockchains. Lightweight, fast, and cheap.

That is why I'm advocating for businesses to explore these use cases as I see great potential in them, especially in the Bitcoin space. Not only does it guarantee privacy, but it's also easier and safer to build than to have user accounts, passwords, balances, transactions, etc.

Closed ecash systems also do not run into risk of being regulated as money transmission services for the same reason you don't have this issue when you use a BTCPayServer for selling a VPN, for example.

It's only the service provider who gets paid for its service.

I'll be focussing on these use cases as we're developing the Cashu protocol, which allows you to use ecash with Bitcoin.

The internet is as bad as it is partially because payments are so bad. Payments forced us to think in accounts and accounts forced us to be traceable.

Alex 1y ago

⚡️

Replying to

Clark Moody

Good morning. Let not your hearts be troubled.

Alex 1y ago

😍

Replying to

PABLOF7z

Calling it “p2p” is ceding ground.

It’s just commerce… it’s trading.

p2p is not the anomaly; intermediated commerce is.

Alex 1y ago

⚡️

Replying to

Lyudmyla Kozlovska

That is why public discussion is so important, as well as important education of policymakers, public opinion of G7 countries about the abuses of AML/CFT laws and real money laundering.

Real criminals, and even more so oligarchs, use completely different schemes to launder dirty money. For example, the daughter of dictator Nursultan #Nazarbayev, Dariga #Nazarbayeva - #UK law enforcement tried to prosecute her for money laundering. But Kazakhstani authorities used lobbyists, expensive Western law firms, and the Kazakhstani state apparatus to succeed in laundering her dirty money.

https://www.theguardian.com/business/2020/apr/08/uk-agency-loses-case-against-ex-kazakh-president-family-aliyev-nazarbayev

This is a scheme for the real work of the oligarchs, people who have stolen billions from the budget of a country where their family members have been in power for decades, politically persecuting any dissent, torturing and killing.

They do not need mixers, they have perfectly mastered money laundering schemes through investments in expensive real estate and consultations with former higher officials, top law firms.

Besides, Western intelligence services are diligently training dictatorial regimes how to recognise both traditional bankin and crypto-assets transactions, so the oligarchs have this knowledge from the intelligence services under their control in non-democratic countries. They will not use such tools.

Mixers and #bitcoin self-hosted wallets, on the other hand, are used by activists who are financially excluded by authoritarian regimes and do not have the privilege to use banking services in general due to political repression.

Moreover, the knowledge of US intelligence agencies is used to financially exclude regime critics and their family members both domestically and transnationally. This is exactly what Turkey, Kazakhstan and other regimes do all the time, sharing knowledge gained from Western partners with Russia, Iran, China to repress dissenters abroad. In less than 5 minutes Kazakhstan blocks fundraising via bank account or #Stripe for families of political prisoners, so bitcoin p2p transactions and mixers are currently the only instrument to protect human rights in such authoritarian countries. Regimes can trace such transactions, but they can't stop them and so far it has helped save lives.

Therefore, we will continue to defend mixers and self-hosted wallets, and draw the attention of the U.S. and other G7 countries to how in reality the banking systems of third countries like Kazakhstan, Kyrgyzstan, and Turkey are used to circumvent Russian sanctions to the extent of hundreds of billions of U.S. dollars and remain unpunished due to abuse of power domestically and abuse AML/CFT laws transnationally.

Alex 1y ago

😍

Replying to

No Bullshit Bitcoin

Block Announces 3nm Bitcoin Mining Chip & Development of Full Bitcoin Mining System

"We are pleased to announce that we have finished development of our three-nanometer (nm) bitcoin mining chip and are in the process of completing a full tapeout of the design with a leading global semiconductor foundry. Additionally, with our chip design complete, we are excited to share that we are developing a full bitcoin mining system."

https://www.nobsbitcoin.com/block-announces-3nm-bitcoin-mining-chip-development-of-full-bitcoin-mining-system/

Alex 1y ago

😮

Replying to

7fqx

#memestr #vibecheckstr

Alex 1y ago

😂😅🥲😒

Replying to

Clark Moody

Mining Economics module is now more responsive, with all metrics computed over the past day. Previously this was a 2016 block lookback.

nostr:nevent1qqsqvx75vcvwtnc8lfxkq39mfqx2mspd6vn9ekcgpvupeju9sns2tgqpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzypn7d4wc7w549mlcgd73u9m2xrqk7y3qqvaq2f7prts7n77ncavtvqcyqqqqqqg87uanl

Alex 1y ago

😍

Replying to

Bohemia

Being on the road feeds my soul ✨

Alex 1y ago

😍

Replying to

sommerfeld

The idea actually started 4 months ago:

nostr:nevent1qqsf4hgyxthuxssgj3n6gplj7rfdnjlmukpd2skdv983wzpk5m43ufgnr9dac

I was nerd sniping, no one took my idea, so I just built it for myself.

nostr:nevent1qqsrrwucqcrfckeeq2dl9fuuvmcucetqv05c38qgkeh75hu5eppv3lgpzdmhxw309akx7cmpd35x7um58g6rsd3eqgsdph4ln7cjmmup7s7hc62znwmcfqf2c8jd94f6yqkmd2k8af95vmqrqsqqqqqpzcr64c

Alex 1y ago

nevent1qqsf4hgyxthuxssgj3n6gplj7rfdnjlmukpd2skdv983wzpk5m43ufgnr9dac

Replying to

Stefan Bohacek

Winamp, the iconic media player, was released 26 years ago.

https://www.youtube.com/watch?v=HaF-nRS_CWM

https://en.wikipedia.org/wiki/Winamp

via https://mastodon.gamedev.place/@danielalbu/112308507122233683

#winamp #OnThisDay #music #history #anniversary

Alex 1y ago

man that thing was good. better than all the dystopian crap we have now

Replying to

Clark Moody

Is this the mining death spiral?

Alex 1y ago

nostr:npub15n94rarp3n7dz6edx9cugeshn0kcuxtugwu9nzprkpx7yekw7ygqplqru4 the metric for mining revenue is up and at the high of last 60 days. Yet the increase in fee reward is only 18%. To account for halving of the block reward shouldn't fee reward need to be over 100% for the revenue to go up like that. What am I missing?