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6ff0ef0abfb617f8061aad2092147ace0e6b5ef285905ce39def52fdc233df31
Libertarian. My way. Fullnode.
Replying to Avatar Lyn Alden

Here's an example of why monetary verification is important (and can be expensive).

The gold price is currently $2075/oz.

If you buy a sovereign 1-oz gold coin, or a globally-recognizable privately-issued 1-oz gold bar, you'll generally pay something like a 3-5% markup to spot. This is basically the verification and distribution premium. Even if you buy a bunch of 1-oz items, you generally won't get the spread down too much. If there's a shortage, the premiums over spot go way up.

If you buy smaller sizes, that premium will be a bigger percentage. For example if you buy 1-gram gold coins, you'll be paying a >50% markup to the spot price, which is silly.

If you buy bigger sizes, like 1-kilo bars (which cost more than a typical car), you could get it down to a 1-2% premium to spot.

The bigger size you go, the less verification you have that the core of the item is indeed gold rather than tungsten. You have to trust the brand and supply chain, basically. The smaller size you go, the less possible and economic it is to insert tungsten into the item. And so on some level, it makes sense that the verification premium is bigger for smaller items- you're more assured that it is indeed gold to its core. The surface area to mass ratio is harder to forge, basically. Somewhere around 1-oz is probably the sweet spot.

Now, if you're buying gold in most U.S. states, including on a lot of popular online stores, you'll also pay sales tax, and you'll often have to pay the difference in terms of your payment method. So if your credit card costs the merchant 3%, then that would eat up the merchant's margin since it is razor thin, and so instead the customer often has to pay it. They could instead do a wire transfer for a sizable purchase to save some money, but many banks charge like $30 for a 1-day wire transfer.

And if you're buying online, there's a shipping fee. That's usually pretty low but then goes up a bit if you add insurance because you don't want to risk your expensive coins or bars getting lost in the delivery chain or stolen from your doorstep. From the time of order to the time of delivery, it'll generally take several days. This includes time for the merchant to process the payment (gold merchants are usually a bit more careful about chargebacks and other reversed payments than the average merchant) and ship you the items.

All together, including the verification premium, taxes, payment fees, and shipping, one generally pays 8-15% over the spot price to get 1-oz gold coins or bars. That means gold has to go up a pretty significant amount just to break even. And then you have collectible capital gains taxes on that price gain (which in the US is higher than the actual capital gains tax rate). If you take time (and time is money) to shop around and find ways to legally avoid sales tax and so forth, and figure out the cheapest/slowest payment methods, then you can push the premium down as close as possible to the verification premium and shipping costs.

And if you want to securely ship large amounts of gold long distances, especially internationally? Like imagine HNW investors, businesses, banks, or sovereign entities? You're going to pay a sizable amount. One does not simply ship millions of dollars worth of gold without robust security.

If you want someone to custody your gold, you're going to pay a fee. If you are fine with unallocated/mixed gold with multiple layers of counterparty risk, you could buy among the cheapest ETFs with annual fees below 0.2%. If you want to hold your gold in an allocated way by Brinks or something with fewer layers of counterparty risk, it'll generally cost over 0.5% per year. This goes toward the vault costs, salaries for people with guns, real estate costs, etc.

Basically, there's a pretty big inefficiency in the form of 1) routine verification, 2) secure transfer of ownership, and 3) secure custody, that all comes out in the form of high costs and slow speeds.

Bitcoin has fees, but they are very low in comparison. Nodes can verify bitcoin basically for free. Miners timestamp transactions to transfer ownership for a fee, and you can currently send ten million dollars worth of bitcoin globally for like $10 and have it confirmed within the hour. And you can custody bitcoin yourself, and bring it around with you globally, through ports of entry, across borders, in ways you can't realistically do with gold above a certain value threshold.

When thinking about periods of above-average bitcoin fees, it's useful to keep some of the alternatives in mind. Verifying and transferring ownership of other store-of-value assets like gold and real estate is slower and a lot more expensive, requires a lot more abstraction and permission, and comes with much less portability.

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Replying to nobody

비트코인의 특징, 효과, 목표 그리고 실사용사례를 분리하여 비트코인에 대하여 한번 생각해보고자 한다.

특징: 2100만개의 고정된 총발행량, 작업증명, 난이도조정, 한정된 블록사이즈, 경량노드, 오픈소스 및 무허가 무료배포 소프트웨어 프로그램 등

효과: 탈중앙화, 검열저항, 무허가, 무기명, 무신뢰 등

목표: P2P electronic cash system

실사용사례: 사운드머니(돈)

이처럼 비트코인은 다양한 특징들이 조화를 이루어 하나의 시스템으로 작동하고, 이에 따라 여러 효과들이 나타난다. 그리고 이러한 효과들은 전세계에 걸쳐 강력한 수요를 만들어낸다. 이어서 비트코인에 대한 수요는 비트코인의 목표, 즉 P2P electronic cash system을 달성하게 만들고 나아가 궁극적인 사운드머니라는 실사용사례를 만든다.

간혹 특정 알트코인 홍보인, ETF 열혈 지지자, 규제주의자, 정부하수인 등이 비트코인의 개별 특징을 특정 내러티브 안에 가두고 그것을 어떤 문제로 만들기도 한다. 그러나 이와 같은 비트코인 흠집내기 전략은 비트코인을 온전히 바라보고 이해하지 못하는 데에서 나오는 것이거나 다분히 의도적인 전략일 뿐이다.

마치 전장에서 가장 강력한 무기를 들고 있는 전사에게 그 무기가 모두에게 너무 위험하니 덜 위험한 무기로 바꿔야 한다고 말하는 것과도 같다.

비트코인의 고정된 총발행량, 한정된 블록사리즈, 평균 10분의 채굴 성공률 등 특정 특징에 문제를 제기하고, 이에 대한 개별 개선안을 쟁점화하여 이득을 취하려 하는 이들을 우리는 경계해야 한다.

예를 들어 80억 명 전체가 직접 베이스 레이어를 사용해야 한다는 둥, 수수료가 너무 높아져 블록사이즈를 크게 늘려야 한다는 둥, 채굴반감기와 난이도조정에 의해 채굴성공률이 낮아져 채굴자에게 다른 인센티브를 만들어야 한다는 둥의 논의들이 결국 비트코인에 대한 일종의 공격인 것이다.

비트코인이 사운드머니로 사용될 수 있는 것은 바로 이러한 개별 특징들이 시스템 안에서 조화롭게 작동하기 때문인 것이다. 따라서 잘못된 이해에서 혹은 높은 시간선호에 의거하여 섣불리 어떤 특징을 바꾸게 된다면, 그 여파는 매우 큰 불확실성에 놓이게 될 가능성이 높다.

비트코인은 사용자(셀프커스터디와 풀노드를 운용하는 사람)에 의해서 결정된다. 이 사실은 우리에게 비트코인에 대한 올바른 이해와 끊임없는 관심을 요구한다. 나를 포함하여 당신도 올바른 판단과 결정으로 비트코인을 수호하는 비트코이너가 되길 기원한다. nostr:note1vq4xkpwg3mjjwhp0k6u93xnr4247kmknjk28ucg5ajncq6uzq6wsk5ydya

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Replying to 7594131a...

As I often do, I made a poll on the fediverse about two concepts I am interested in: Big Fedi versus Small Fedi. Although I think these are interesting topics, I couldn’t come up with exact summations of what the “Big Fedi” and “Small Fedi” positions are. So, I wanted to write down what I could here.

The fediverse, in this case, is an internetwork of social networks. It works a lot like email; you can have an account on one network and follow, message, and react to people (or bots) on other networks. The biggest software tool for making fediverse networks is Mastodon; there are a lot of other Open Source servers for setting up nodes. There are also some proprietary nodes — Meta Threads and Flipboard are two of the biggest.

The following are some clusters of ideas that I think coalesce into “Big Fedi” and “Small Fedi”. I haven’t been able to tie them all back to some fundamental principle on either side. Big Fedi

The “Big Fedi” position is a set of ideas that roughly cluster together. Not everyone who agrees with one or a few of these agrees with them all, but I think they tend to be related.

The fediverse should be big. Real big. Like, everyone on the planet should have an account on the fediverse. It will make the internet better and the world better.

We should make choices that help bring the fediverse to new people. Because the fediverse should be big, we should be doing things to make it bigger; in particular, to bring it to more people.

There should be a lot of different account servers. (I’m using “account servers” instead of “instances” or “servers”.) It’s good to have a lot of choice, with a lot of different parameters: software interfaces, financial structure, what have you.

Commercial account servers are welcome. This variety includes commercial services. If they provide the right mix of features and trade-offs that certain people want, it’s good to have them, especially if they have a lot of users.

Moderation can be automated. Shared blocklists, machine learning, and other tools can be used to catch most of the problematic interactions on the fediverse.

Account servers can be big. It doesn’t matter how big they are: 1M, 10M, 100M, 1B people is fine.

The fediverse should have secondary services. In order to grow, we need secondary services, like people-finders, onboarding tools, global search, bridges, and so on.

The individual is central. People should be able to set up their environment how they like, including their social environment. They have the tools to do that. The account server may set some parameters around content or software usage, but otherwise it’s mostly a dumb pipe.

Connections should be person-to-person. The main social connection is through following someone. Building up this follow graph is important.

People I care about should be on the fediverse. I have a life outside the fediverse — friends, family, colleagues, neighbours. My governments, media, celebrities, sports figures, leaders in my industry. It would be good to have more of those people on the fediverse, so I can connect to them.

People should get to make choices about their account server. Everybody has different priorities: privacy, open source, moderation, cost, stability, features. We can all make our own choices about the account server we prefer.

It should be possible to have ad-free account servers. Technically and culturally, we should be able to set these up.

It should be possible to have Open Source account servers. People who prefer free network services should be able to run them and use them.

It should be possible to have algorithm-free account servers. You should be able to just follow things reverse chronologically.

It should be possible to have individually-run account servers. A normal technically-minded person should be able to run their own account server for themself, friends, their household, or even for a larger communty.

Harms that are mostly kept to account servers are up to people on those servers to solve. Good fences make good neighbours. If things become unbearable, people can move servers somewhat frictionlessly.

Affinity groups should stretch beyond account server boundaries. Groups, lists, and other social network features are important and should be fully federated. They should provide a lot of features.

There may be some harm that comes with growth; we can fix it later. We’re going to find problems as we go along. We can deal with them as we come to them.

The fediverse is going to look very different over time. The way things work now are not how they’re going to be 1, 3, 5, 10 years from now. Especially as the fediverse grows, different structures and ways of working are going to develop.

Open standards are important. By having public, open standards available through big standards organizations, we gain the buy-in from different account network operators to join the network. We definitely don’t have time to negotiate bilateral agreements; we need solid standards.

Variety in types of account server operators is good. Different people have different needs and tolerances. If we want to have more people, we need to cater to those different needs with different account servers.

Existing organizations can and should provide account servers. Not just existing tech companies; also businesses providing servers for their employees, universities for students, cities or other governments for their citizens.

Existing services, even if they’re bad, will become somewhat better if they have fediverse features. People on those services will get to connect with a variety of new people. They’ll find out about the fediverse, and might move to another account server, or try something else new.

It’s more important to bring good people to the fediverse than keep bad people off it. More people is good, and the people I care about on other networks are also good. There may be some bad people, too, but we’ll manage them.Small Fedi

Here is a rough cluster of ideas that I’d call “Small Fedi”. Again, not everyone who agrees with one or two of these agrees with all of them.

The fediverse should be safe. Safe from harassment, safe from privacy violations.

Growth is not important. We’ve gotten along this long with a small fediverse. It’s OK how it is, so growth is not important. Growth is a capitalist mindset.

People who aren’t on the fediverse don’t matter as much as people who are. Their needs, at least. When discussing the future of the fediverse, we don’t need to talk about people on other networks much at all.

If people want to get on the fediverse, they can join an existing account server. We don’t need to bring new account servers to the fediverse; there are a lot already. People who really care about getting on the fediverse can join an existing account server, or set up their own. If they’re not willing to do this, they’re probably not that interested in the fediverse, so why should we bother trying to connect to them?

If growth could cause harm, we either should fix the problem before growing, or we shouldn’t grow. We should examine opportunities carefully, but by default we should say no.

Commercial account servers are discouraged. Most commercial services do harm. Even if they’re on the fediverse, they’re going to try to do harm to make more money. So, they should be avoided as much as possible.

Secondary services can cause harm and should be severely limited if allowed at all. People search and content search can be used for privacy invasion or harassment. Shared blocklists can be manipulated to cause echo chambers. Machine learning can be biased. Onboarding services favour big account servers. They should be discouraged or, preferably, closed.

The account server is central. Moderation decisions, cultural decisions, account decisions, most social decisions should happen at the account server level.

Account servers are the primary affinity group. You should find an account server that feels like home. Any other groups are less important.

Feeds like “fediverse” and “local” are important. There is a public community of account servers that your account server connects to, and the public feed from that community is important. You might use it more often than your home feed. Your local feed is also important, because your account server is a group you belong to.

Moderation should be primarily by hand. The courage and wisdom necessary to make most moderation decisions can only be managed by hand. Automated tools can be manipulated.

Account servers must be small. Human moderators can only do so much work, so the account servers they moderate can only be so big.

The fediverse works just about right right now, and shouldn’t change. There’s a good reason for how everything works, and it’s fine. People who want to change the way things work just don’t get it.

It’s not important that people from my real life are on the fediverse, and it’s kind of discouraged. The account server is the most important affinity group, then the larger “fediverse”. That’s enough; other people are needed or welcome. People who I know who aren’t on the fediverse don’t care about fediverse stuff, so they’d get bored here, anyway.

It is highly discouraged to have ad-supported account servers. Even if they only show ads to their own users, they are causing harm. In particular, they’re showing our content next to ads, or using our content to develop ad algorithms. Either way, harm goes beyond the server border.

It is highly discouraged to have proprietary account servers. They just can’t be trusted with their own users’ data. Also, they’re going to get some of our data, just through federation, and who knows what they’ll do with it.

It is highly discouraged to have algorithmic timelines. Anyone having these causes problems. If you want one, you just don’t get it.

Open standards are less important than making things work the way we want them. In particular, fiddling with standards to keep people safe, and to discourage particular account server structure, is an OK thing to do.

Most existing institutions have proved themselves untrustworthy and should not provide account servers. Name any particular part of civil society, and I can come up with an example of at least one bad practice they have.

Harms that happen on one account server are a problem for every account server. Server blocks, personal blocks, and protocol boundaries aren’t enough to isolate problems to their account server of origin. Secondary or tertiary effects can happen and cause harm.

Existing services, if they’re bad, will make the fediverse worse. Bad practices, bad content, bad members will cause problems for everyone on the fediverse.

It’s more important to keep bad people off the fediverse than to bring good people to it. Bad people can be really horrible. There aren’t actually that many good people on bad services, and if they really wanted to connect with us, they’d find another way.Where do I land?

I’m mostly a Big Fedi person; I did the work on the fediverse that I’ve done in order to bring it to everyone on the planet. I don’t think people should have to pass a test to be allowed on the fediverse.

That said, I respect that harm can come from new technical decisions and new network connections. As someone deeply involved in the standards around ActivityPub and the fediverse, I’d like to make sure that we give people the tools they need to avoid harm — and stay out of the way when they use them. I very much like the Small Fedi suspicion of new services and account servers, and careful consideration of the possibilities.

I’d like to find ways to mitigate the problems of so many people on proprietary social networks being unconnected to the fediverse, but still centre the safety of existing fedizens. I don’t have an easy answer to how this can work, though.

Anyway, thanks for reading this far. Also, an acknowledgment: I borrowed the term “Small Fedi” without permission from Erin Kissane’s great piece on Untangling Threads. I’m also using it differently, stretching it out, which admittedly is an ingrateful thing with something you borrow. I hope it is not ruined by the time I return it.

https://evanp.me/2023/12/26/big-fedi-small-fedi/

#bigfedi #fediverse #smallfedi

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그리고

꺼지지 않는 불

시간이 갈수록 더욱 확산하는 불

비트코인 정말 내생애와 나의 후손들을 위한

건전화폐 누구에게나 열려있으니까

조금더 오픈 마인드로 공부하시길

추천드립니다

물론 강요는 아닙니다

더 이상의 언급은 자제 하겠습니다

그대들의 앞길의 행복과 축북이 함께 히기를 기원합니다~❤️

마지막 포스팅이 라고본다

현생을 사는 한인간으로써

어그로나 광고 나의 피알

그런건 상관 없다

그냥 나는 나의 길을 간다

사람들의 인식을 관찰하다보면

아직까지는 블루오션이지만

향후 2~3년후는

급격한 인식의 변화가 있을거라

미래를 내다본다

언제까지건 블루오션일수는 없을것이다

그 내비트님의 한줌이론이 생각난다

결국 소수의 사람들만이 자유를

얻거나 달성할것이다

언제나 공평하거나 제대로된 분배는

어느 유니버스에도 없다

8천일때도 삿고

7천일때도 샀구나

Replying to Avatar popolo

성사까지 될지는 모르나 비트코인 컨퍼런스가 준비 중에 있다. 연사 일부분이 확정되었고 사회자는 포* 유투브에 크***님이 처음부터 결정되었고 포* 팀 많은 분들이 성사를 위해 적극 참여 중에 있다. 또한 나, 포함 일부 맥시가 인력부족 sos에 얼굴공개가 꺼려짐에도 첫 비트코인 온니 컨퍼런스의 성공을 위해 아이디어를 내고 있다.

그러던 중 나는 사회자로 이미 내정된 크***님이 주식관련 까페, 블로그, 유료 강의, 유투브를 현재까지 병행 중이었음을 알게 되었다. 유투브 채널에는 멤버쉽 유료 강의가 있고 타 재테크 채널에도 출연했으며 발견한 당일 아침까지도 블로그에 주식관련 글을 올라 온 것을 보게된다. 또한 불과 몇 개월 전까지 etf, 채권 투자를 설명해주는 영상까지 있었다.

비트온니 회사를 적극 추천했던 나였기에 기만당한 느낌이 들었고 항의하는 과정에서 이미 그 사실을 알고 있는 맥시분도 계시다는 걸 알게 되었다. 우리 모두 이런 과정을 겪은 사람들이기에 문제 될 것이 없다며 근신이라도 원하는 거냐며 오히려 반문하셨다. 비트코인 컨퍼런스에 알고란이 사회자로 내정된다면 마이클세일러같은 유명 외국 연사가 올 수 있음에도 같이 적극반대 하던 분들에게 묻고 싶다.

“알고란 기자님을 제가 몇월 며칠까지는 꼭 맥시로 만든다고 보증만 한다면 사회자로 세우는데 문제가 없는 건가요??”

불과 한, 두 달 전에 주식이 빨간불이라고 왜 팔아야 하는지 모르겠다고 발언한 분이 비트맥시 예약제를 걸었고 당사자의 비트코인 관련 글이나 발언 등을 들어 본 적 없는 내가 ’날로 먹었다‘의 워딩이 그렇게 기분 나쁜 일이지 오히려 여쭤보고 싶다.

사과를 요청하는 디엠을 보내셨지만 나는 죽어도 사과할 의사가 없다는 것을 밝히며 나는 맥시의 소중한 가족을 디스한 것이 아니며 포* 회사의 현재까지 일관되게 흥행만 목표 삼는 연사선택과 유튜브 진행자 선택 시의 경솔함을 지적했다고 봐주시길 바란다. 알고란, 최창환 기자님을 안면까지 튼 사이임에도 디스했고 앞으로도 사과하지 않을 이유가 동일하다. (반박하신 너도 한 유튜버를 옹호 했잖아의 질문은 대답할 가치가 없기에 생략합니다)

나 따위 맥시에게 사과 받을 생각을 하지 마시고 앞으로의 행보로 보여주시길 기대하며 그 기간까지 저는 포*를 보이콧 합니다.

전적으로 맞는말씀

지금도 기회는 여전히 있지만

아직도 못알아보는 사람들이 태반이죠

ㄱㅇㄷ

개이득ㅋ

이제는 더이상 사람들에게

비트코인 사라, 공부해라

말하지않는다

비트코인을 이해하지못한 사람들은

결국 오래 가지고있지 못한다

저도 풀노드 인증합니다

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