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StackItDeep
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Replying to Avatar jack

#[3]​?

I saw the future, and it looks like #[3]​. 🔮

I get this e-mail today singing the praises of Bluesky. I’m thinking to myself, why Bluesky now? (And not #nostr). Is it a binary choice?

Also, I love the old ELO song, Mr. Blue Sky.

Not the first time and not the last time. It’s a feature, part of the DoS defense. This too shall pass.

I sure hope so. Watching the mempool transaction count grow has been my recent entertainment. 😁

Replying to Avatar jimmysong

In today's corporate landscape, companies like Bud Light face a delicate balancing act between appeasing the money printers and satisfying the market. On one hand, the former pushes them to promote progressive ideas, such as transgender rights, while on the other, the market remains resistant to such agendas. It's a struggle for corporations, as pleasing both is seemingly impossible.

Ignoring the market would annihilate Bud Light's sales and undermine its very existence. Pursuing a progressive agenda could lead to plummeting profits, and disregarding it could prompt boycotts that demand apologies. But apologizing would signal to the elites that Bud Light is willing to bow to public pressure, potentially endangering any chance of a bailout or favorable treatment from regulators. Loans and tax subsidies would become less likely, leaving the company at a competitive disadvantage.

However, facing a market boycott offers a glimmer of hope for a bailout. Elites might orchestrate a buyout, as seen in recent bank failures, where companies pass the responsibility until the issue cools down. But this outcome is far from ideal for Bud Light, as being bought for a fraction of the company's worth could result in a barrage of lawsuits and headaches.

The alternatives seem bleak for Bud Light. It could fully embrace progressive values in hopes of attracting a new market, but this would likely lead to downsizing and an unhappy marriage with its new target audience.

This situation reflects a broader social trend: the cultural right is pushing back. What began in 2016 as a cold war is now escalating, with boycotts flexing their muscles against the seemingly insurmountable power of the deep state and fiat money. The deep state's overreach in recent years has led to a growing discontent among the public, with figures like RFK Jr. gaining traction.

In this battle of wills, the elites still hold considerable power through fiat money, but their control is being questioned. We are not safer, nor are we freer. As the cultural tides shift, corporations like Bud Light must navigate these treacherous waters, choosing between market forces and the interests of the elites. Only time will tell which side will prevail, but one thing is clear: the struggle for balance is reshaping the corporate world, and the repercussions will be felt for years to come.

Damn, son. That was a fine piece of writing you did there!

We don’t want running a node to require heavy duty servers, do we? I rather like being able to run my node on an 8gb RAM Rasp Pi 4 with added 2TB disk. Not sure how long at this rate my hardware will remain viable. It’s only a few months old.

What's up with the unconfirmed Bitcoin transactions going up? My node now has over 141,870 transactions (299.82 MB) in the mempool.

Replying to Avatar Seth For Privacy

Let's put to bed the myth perpetuated by Coinkite employees that COLDCARD is in any way open-source today.

Open-source has a clear and globally recognized definition, and being open-source *matters*.

How it started:

How it's going:

DISCLAIMER: Obviously I work for Foundation, a competitor to COLDCARD, but the views I lay out here were already true before joining Foundation.

I would be just as happy if this led to zero sales of Passport but got the truth out there.

Freedom and integrity matter.

For background, COLDCARD was started as a free and open-source project that forked some of Trezor's code base way back in the day, and inherited the copy-left GPL licensing from Trezor:

https://github.com/trezor/trezor-firmware/blob/master/LICENSE.md

Copy-left licenses like GPL are a fantastic tool to ensure that your code and any derivative products others make using any part of it *must* remain open-source no matter what. No one can take your code and build a closed-source product.

GPL = good.

https://gnu.org/licenses/gpl-3.0.en.html

In 2020, a small team of 4 founders who loved the open-source movement and wanted to build a more approachable and easy to use HWW started Foundation, and leveraged some of the code from COLDCARD's open-source repos, specifically around PSBT signing.

This was *100%* above board, compliant, and within the spirit of both open-source and the specific licenses on COLDCARD's codebase, those being GPL.

Foundation gave clear and generous credit and committed to always keeping the code open-source:

When NVK realized that the open-source ethos allows for competitors to use parts of your code base and build better products (i.e. compete in a free market), he decided that he would rather build a legal moat and move to a "source-verifiable" license:

https://github.com/Coldcard/firmware/blob/master/COPYING-CC

This move meant that COLDCARD was no longer open-source, and was instead merely available for download and viewing. While people could come along and contribute code as they saw fit, they could never build or sell *any* product using COLDCARD code, even if kept open-source.

How do I know this is what the MIT-CC (or "Commons Clause") license now used by COLDCARD means?

Because the website for the license created by the original authors of the license spells it out in plain text:

https://commonsclause.com

MIT-CC is an interesting license on its own right, and isn't evil or anything, but it is certainly not within the realm of open-source in any way.

It is a clear departure from the definition of open-source that is globally recognized:

https://opensource.org/osd/

Why does all this matter? First, it's important that companies in the Bitcoin space honestly and openly discuss their approach.

If Coinkite doesn't hold a core ethos with the open-source movement, they are able to do so *but users/customers must understand the implications*

Obviously I believe in freedom and Coinkite are free to do what they want with their software, but their stance is antithetical to the open-source movement and is made more clear by the day.

Not only do they prevent the free use of their software, they actively go out of their way to harass and attack others who do the same thing they did - use open-source code and build something awesome out of it.

In the image above, NVK attacks an open-source contributor (who also works at Foundation) for using his free time to help the Monero community with forking Foundation code and creating something they want from it.

AKA the entire purpose of FOSS being mocked and insulted.

Why does open-source matter?

When a project is open-source, it means that not only do they share a freedom-focused ethos with you, but it also incentivizes other developers and companies in the space to build on their work.

More eyes on the code and devs building around a codebase means more secure code, a better and flourishing ecosystem, and far better verification that the code actually does what it's supposed to do.

It also means that if the company producing the software goes under, someone can jump in and pick up where they left off.

If Foundation had to shut down for some reason, any one of you could start a new HWW company from our code and open-source schematics and we'd applaud.

Open-source also means that companies are forced to compete by prioritizing users needs, not building products locked behind laws or lawyers that don't have to keep up with the times.

More competition in a free market means you, the customer, wins.

When code is *not* open-source, it means that there is no core incentive for others outside of the company building the product to review the code, build around it, or contribute to it.

As no one could ever create something they can sell with it, why build around it?

When code is *not* open-source, it also means that the contribution made, even though technically visible, can never help to grow the broader ecosystem and benefit the whole of the Bitcoin space.

It builds monopolies, not free markets.

Bitcoin is about freedom, and Satoshi's decision to use permissive open-source licenses was intentional and fitting with his attempts to build an open and inclusive monetary network.

Open-source is the reason Bitcoin has flourished and so many amazing tools have been built.

While everyone within Bitcoin is free to choose the licenses they want for their projects, if they choose source-verifiable or closed-source they must be up front and honest about it, and users must understand the massive tradeoffs involved.

The information in this thread is all readily visible and I've linked to it all directly, so please feel free to do your own research and confirm my claims independently.

You absolutely should DYOR in situations like this.

Please note that @NVK has not replied to any of the claims made here and has instead chosen to block me, so I am unable to interact with any of his tweets.

I have no doubt he's subtweeting about this but be aware I have no way to respond to him or his personal attacks now.

Since sharing this on Twitter he has so far called me a "spook", a "white knight", a "FOSS commie", a "bitch", and a "grifter" in the span of 12h all while blocking me.

TIL FOSS is just "commie zealotry" 🙃

Seth, that was a very well-articulated case for FOSS. It pretty much speaks for itself. Attacks against it will likely be of the personal variety. I’ve been using and contributing to open source projects for more than 3 decades. It’s so reassuring to see younger entrepreneurs defend and carry the torch! Outstanding job. Love your podcasts every other Tuesday.

So awesome that Mr Taibbi is on #nostr now! This is how the world discovers what freedom from censorship looks like.

Sadly, the chances of the U.S. allowing a free market in the Bitcoin space are far less than you’d think. They will only give a token wag to their favorite VC political donors. That is not a free market. Of course, just try to buy Bitcoin or just about anything without being compelled for identifying information! That is not privacy, which is the freedom to reveal your private information whenever and to whomever you choose. Sadly, the U.S. has devolved into a corrupt banana republic with justice to favored classes and political allies of the regime. The escape hatch is closing. The end is not certain, but if we stay on this course, it’ll get ugly. Bitcoin will survive, but the U.S. will be like Venezuela with nuclear weapons and AI.

Field of Dreams! If you build it, they will come. The nightmares apparently… lol

Your math is wrong.

1 Bitcoin = 1 Bitcoin

No change whatsoever.

The white paper is not copyrighted. It is public domain. CSW has no grounds to sue, but that never stops him. If I were Apple, I would countersue for legal fees and damages when he does.

#[1]​ will be too busy sparing with AI chat bot clients on #nostr to care about Twitter.