Atomicity is underrated

News about price action is a complete waste of time and attention

🤦‍♂️ The spectacular failure of #evolution:

🤡 We evolved from the survival of the fittest to the survival of the dumbest.

💡 #bitcoin separates #sovereigns from the herd!

🎯 Yet the #herd outpopulates the #sovereigns.

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Too many shows and book series go on for too long. Rather than end at an ideal spot to maximize the art/story of it all, they keep going until the creators get bored or the money isn't flowing anymore.

I haven't done one of these in a while so...

What do you need Amethyst to do that it doesn't do right now?

If we are going to go to war to line the pockets of corporations, can we get sponsorship logos on the military uniforms on both sides? Something tasteful like NASCAR, just enough to know what we are really fighting for.

If:

- the Bitcoin mining network is at 1 ZH/s (10^21)

- an ASIC chip runs at 1 TH/s (10^12)

- there are 100 million US households (10^8)

Then we need 10^(21-12-8) = 10^1 = only 10 chips per US household to match the current hashrate! 🔥

If the world has 1 billion households (conservative by 1/2), that’s only 1 chip per household!

Who's bullish on distributing mining? nostr:npub1p0d256yljvn3pl82gpkmdyfqlxcmu6px63msrpmuauzha8yq4eeqprfpqe

🦌

"#Bitcoin is for fascists."

- Mike Brock

#TheQuoteShelf

One child works all day and gets money.

Another one works all day and gets told: “Good job, that’s just your job as a child.”

That’s not fair.

That’s what happened to women.

#UnpaidLabor #NarrativeWarfare #GenderPeace #EconomicTruth #TheBigLie #NOSTR ⚡

#WomensRights

The purchasing power of the U.S. Dollar.

It will be wild if “X Payments” or X cash is backed by bitcoin.

Not holding my breath…

But 🤞

🧡👊🏻🍻

I gotchu

#gametheory - the reason why #bitcoin maintains value, more than anything else, is a kind of mexican standoff:

a small proportion of participants can defect, but if a large proportion defects, and in proportion with that defection, the value can go to zero.

it's not a ponzi scheme, it's a mexican standoff. while that game continues, the primary advantage goes to the early adopters with the lowest sell activity.

it's quite effective, because of the constant adversarial tension it creates, to the point, it's succeeded in a constant rising reward for early adopters over a 4+ year time window.

the fundamental issue is that moneyness is a popularity contest - and thus it needs an adjudicator. the privilege of the adjudicator in #fiat currency is called the #cantillioneffect. proximity to the authoritative adjudicator/issuer is a substantial discount on expenditure - who get to pay at yesterday's price with tomorrow's supply.

decentralizing the adjudication of - and the supply distribution, fundamentally weakens its popularity. the mining dynamics, such as the specialisation and parallelization opportunities of sha256 have lead to a situation where the miners controlling that key 51% is getting quite close to breaching its fairness.

this is why the USG is going all in on it now. cheap energy is also a big part of it.

this is another aspect of the game theory - each participant has a proportional cost that depends on the abundance of energy they can secure to mine.

this problem would become somewhat more acute if the proof function was not parallelizable or specialised, like my idea of using large integer long division. the processing can't be sped up much, but the amount of fast cache memory in the processor would - since avoiding memory access allows elimination of the wait for processing the data. this would be reduced by forcing memory hardness, such as making the numbers that are used in the hash function so big they blow out the CPU cache. this now is in the 2 and soon will be 3 figure megabytes of memory. by making the target way beyond any feasible on-chip cache memory, the miner has to wait for memory before the energy can be spent.

memory hardness has also been tried by some shitcoins, but it hasn't proven popular enough to reach wide adoption.

the mexican standoff is the root of bitcoin's value proposition. it's a pretty good mechanism, and has seen the price volatility limited around 50% over a shorter time window like a year.

taking control of the supply is another vulnerability, which is happening with the gradual consolidation of miners, but the perimiter problem (onramps and offramps) privilege the governments.

if the question is, how do we gain moneyness for bitcoin, without players like the US federal government from leveraging inflation to fund the biggest scale-up of hashpower.

this is the nature of this cycle's quandary, every bitcoin 4 year cycle is a hope/fear cycle and a new thesis is created that causes the price to keep ahead of the rest of the market, is that the USG is about to try to make itself the adjudicator of the ledger by dominating the hashpower using its regional energy advantage.

i don't know yet what this means but for the first time i'm falling into the potential defector group, just because i'm not sure that this mexican standoff continues to work when one organised, and well heeled attacker can realistically stay at the top of the hodler pack.

and fundamentally it boils down to what Hoppe points out about the "good king" being superior to the mob rule of democracy. the problem with monarchism (a single adjudicator) comes from that single point, and the power that a small set of players can get from getting a grip on the policy of that king.

the government architecture of ancient jewish people in the city of Jericho is an example of this being decentralized - with a market in adjudication.

before David, there was Judges. these are people whose business was to consider a conflict of claims, and the ability to take it to a competing judge, and the most popular, and correct jurisprudence limits the risk of centralization.

this hints at an idea that might work, but it must be kept in mind that, similar also to the decentralization of authority over a geographical region, as happened in middle ages Iceland (where you had to pay tribute, but you voted with it, to the chief you liked).

in a game theory and distributed systems model, this is an adversarial oracle model. adversarial meaning that oracles are pitted against each other for both popularity as well as correctness.

this is the asymmetry required to make an adversarial oracle model work (i'm gonna call it the jericho consensus):

| Action | Cost |

|-------------------|-----------------------------|

| Making a claim | Cheap (just assert) |

| Verifying a claim | Moderate (re-execute) |

| Proving fraud | Must be cheaper than reward |

i'm going to explore this direction a little more, because it has immediate applicability to a base layer monetary ledger, with #weboftrust #WoT

i already have partly defined a consensus algorithm based on web of trust, inspired by #pnyxdb (formerly #sporedb) which creates a "weak consistency" that raises the coordination cost of compromising the consensus. the social graph clusters of the network become firewalls that prevent the effect of one breach of one section of the network, that can't travel to others, and being compromised is a very bad thing to happen to any of the groups in the graph.

maybe i am going to turn FIND into a shitcoin after all. a shitcoin built on #nostr

I feel that keeping things simple helps maintain a clear and agile mind and body.

•No centralized social media, advertisement or pop culture consumption

•No political affiliations or delusions about voting harder for “change”

•No AI bullshit subscriptions or apps

•No fitness trackers or macros or calorie counting

•No exercise lists and rep counting

•No complicated ingredient lists or elaborate meals

•No supplements or performance enhancers

•No trading strategies or rebalancing

I don’t allow myself to get bogged down with unnecessary complications and that uncomplicates my life significantly. 10/10 would recommend.