http://blog.coinkite.com/donjon-faults-2023/

Transaction made through my node (that’s keep low fee)

15-20min (was quite fast for that fee, lucky me 😅)

Bitcoin is for everyone

Yes

Religion is belief in someone else's experience. Mathematics is belief in your own experience." - Richard Feynman

Shitcoins is belief in someone else's experience (trust CEO/teams).

Bitcoin is belief in your own experience (don’t trust verify).

Investors can be divided into two camps: those who put their faith in shitcoins believe in magic, while those who buy Bitcoin put their trust in mathematics and physics

I know that we bitcoiners do not accept such a thing, but the ordinals NFTs are good for bitcoin adoption. More and more people / shitcoiners are now inclined to use the bitcoin network instead of all the shitcoins and on this occasion they will also learn what bitcoin is.

there are disadvantages with storing jpegs but the miners are paid and the network keeps going. It is possible that the next updates will eliminate / limit the space for this “graffiti”. When is available I will definitely update my node to limit the space with this nonsense

#Bitcoin need sacrifice: blood and tears of shitcoiners

We’re soon on number 5:

1. Pandemic

2. Money printing

3. High inflation and rate hikes

4. War

5. Money Printing

6. Collapse of fiat currency

7. CBDC and digital ID

8. People lose trust in CBDC

9. #bitcoin  Standard

1. Weak politicians creates soft money

2. Soft money creates hard times

3. Hard times creates #bitcoin

4. #bitcoin  creates good times

1/ Why doesn’t #Bitcoin  move from proof-of-work to proof-of-stake?

Oslo Freedom Forum #OsloFF explained PoW vs PoS in the best way I’ve seen in a while.

A thread 🧵 with quotes 👇

2/ “Every system that’s existed has been a stakeholder-run system, so they’re all PoS systems.

PoS systems are the legacy systems that existed forever where people that control the coins, the stakeholders, can disrupt the network, change it or shut it down.”

3/ “#Bitcoin  created a triple-entry [ledger] from the old double-entry [ledger] and the ledger self-audits and writes on-chain. It’s an immutable ledger entry that can never be altered.

That’s the best accounting technology that’s ever been created by humans.”

4/ “So anything that lives on top of this #Bitcoin  network will be better than the legacy system that it replaces.

And it is only because of PoW that you’re able to have this immutable ledger and all the other layers for financial and economical freedom.”

5/ “Energy serves a very important role. It minimizes human governance.

If you remove the energy component, you’re recreating the legacy system but on a blockchain.”

6/ “Basically, PoS relies on circular logic, where the largest coin holders determine the state of the ledger and the state of the ledger determines who the largest coin holders are.

PoS is doing completely different things than what #Bitcoin  is doing.”

7/ “#Bitcoin , without energy, is like airplanes with the flight removed. It’s taking out the key innovation of what makes it so useful.”

8/ “PoW allows everyone to decide on the correct ledger state with no human oversight or governance.

PoS is just a fancy way of referring to shareholder governance or a stakeholder-led system where ownership in the system determines authority in the system.”

9/ “That’s how SWIFT works. That’s how PayPal works. That’s how banks work. Those are all PoS systems.

PoS systems work fine, they just aren’t depoliticized. They don’t allow just anybody to transact.”

End/ “In my view, money should be depoliticized.

It should be a right to transact with whomever you want in a private way. And that’s been stripped away from us as we’ve digitized finance.”

Web2, Web3, Web5… What are those?

Let’s start with defining Web itself. My take:

#iWeb is a computing platform - like POSIX, Windows, Java, embedded etc. Web differs from Internet the same way Windows differs from BIOS.

As a computing platform Web brings a number of protocols, toolchains, SDKs and technologies:

1. Networking is restricted to the TCP/IP subset: HTTP(s), WebSocket and WebRTC

2. Supported instruction set architectures: WASM, JavaScript virtual machine(s), both browser- and server (NodeJS)-based.

3. UI uses HTML, CSS, DOM, WebGL, Canvas. On top of that UI frameworks proliferate - like in POSIX world we have Qt, GTK etc in Web world we have React, Angular, Vue, Svelte etc.

Why Web is so popular? It was the first computing platform created at the age of networking - and for network-based apps first. It allows to run apps without installing them - and do that on any consumer UI-based device: desktop, laptop or mobile. It allows simple creation of cross-platforms apps. It avoids censorship of app stores.

The drawbacks of Web are mostly direct consequences of its advantages:

- low security: a remote code is executed locally;

- privacy leaks as a result of client-server model;

- agility allowing cross-platform UI and schema-less network messaging results in “spaghetti code” and wired JavaScript VM non-determinism

- Web is poorly decentralized and censorship-resistant: an inherited client-server model doesn’t allows proper decentralization.

Web passed through a generations: Web, Web2 - and now attempts of Web3 and Web5 are there.

The main difference between Web and Web2 was:

- interactivity (brought through JavaScript AJAX, and later WebSockets & WebRTC);

- better & faster networking (HTTP/2, HTTP/3)

- dynamic UI (with JavaScript DOM manipulations);

- abandoning of Java applets;

- move from CGI to custom web servers with embedded server-side business logic (NodeJS, Python and web frameworks in almost each language);

- better markup languages (HTML5, CSS3), including graphic markup (SVG, Canvas, WebGL).

What people were looking for in post Web2-era etc?

- better decentralizaiton and censorship-resistance;

- integration of native internet money and payment methods;

- smart contracts (complex automations based on cryptographic and economic incentives);

- better privacy.

Does Web3 or Web5 delivers on that? No: it promises to deliver, but fails: there can’t be a privacy nor scalability with blockchain-based things; there can’t be censorship-resistance with PoS; there can’t be decentralization with the old client-server hosting of content.

How the proper “next Web” should look like?

- based on P2P (where is possible) or relay-based systems (where P2P is impossible); with relays being self-hosted;

- end-to-end encrypted communications;

- over Mix networks (Tor, Nym, I2P etc);

- authentication based on public key cryptography (and not passwords) and decentralized identities (SSH, GPG and future systems);

- based on zero-knowledge state; i.e. not leaking privacy data to the web servers or nodes;

- using deterministic functional computing;

- ML/AI agents are first class citizens;

- using PoW and single-use-seals - but not for storing a state like in Web2 (!); only for cryptographic commitments (OTS etc);

- using client-side-valdiated smart contracts like RGB;

- integrated with Lightning payments and #BiFi (bitcoin finance);

- using decentralized data protocols like #Storm, #Slashtags, #Nostr-based and like solutions.

"In the short term, governments and central bank administrators believe they can achieve their goals by debasing money to finance credit creation and spending on important causes. Governments may believe they are boosting the economy, or protecting people from the consequences of free markets, but by debasing the money to achieve these goals, they are creating malinvestments and sowing the seeds of great long-term harm. Attempting to rescue the economy from the inevitable resulting crises results in further credit creation and bailouts encouraging irresponsible behavior, rewarding the wasteful and punishing the prudent. In that way, central banks all but ensure the boom-and-bust cycle will become a permanent fixture of an economy, and their power over the market grows. Over time, the result is the destruction of capital, money, the ability to save, and the division of labor itself. Placing money in the hands of government monopoly is far from a panacea; it is destroying the foundations on which human society and modern capitalist civilization are built." - Saifedean: Principles of Economics

When ?😅

Yes I got 6.16 sats/byte

Do you had backup channels?

Bitcoin's decentralized revolution and the timeless appeal of BMW Airhead motorcycles both represent a journey where craftsmanship, innovation, and freedom converge on two wheels or in the digital realm