Quick napkin math with chatGPT
🧠 Takeaways
• 🔄 Solo mining has ~52× better odds of hitting a jackpot than playing the lottery 50 times.
• 💷 Expected value is over 4× higher with solo mining.
• 📉 Both are long shots, but solo mining is a more favorable “lottery” if you’re in it for the fun of low-odds, high-reward experiments. 
Braiins solo miner 🤜🤛 Umbrel
I heard nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 approves.
https://github.com/bitcoin/bips/blob/862f5488dfaca72c0bcecd596fbbf87ae392f46c/bip-0177.mediawiki
Still think this is too confusing… But it the idea really gained momentum…
IMHO would make more sense to keep sats and have 1 million :1 ratio eg rename bits (100sats) to bitcoin.
At $1m usd we get 1 btc = 1 usd and 1 sat = 1 cent
1 BTC becomes1 000 000 BTC
21 trillion bitcoin
100 sats for one bitcoin
And maybe some among convention for old vs new, maybe with upper lower case? Or rename to MBTC?
1MBTC = 1000000 btc = 100 000 000 sat
🏆 🏆
After so many years being in the space, finally attending a conference - I could not have picked a better one - has felt like coming home and reconnecting with friends that I actually had not actually met. Super inspiring, fun and signal-rich day of talks, and great events around the town, with ⚽️ 🏆and ☀️🍻 later today.
Kuddos to nostr:nprofile1qqs2auxkkgfgylem580xrztp8ek5sf83s86k0vfq2feuz6y4lkhskgcpypmhxue69uhhyetvv9ujuargv4hhyctwvajhq6tvd3shqupwvdhk6qgdwaehxw309ahx7uewd3hkczayaqs nostr:nprofile1qqsd0uazmzmhwseeym3rjhf3txyjapreapc6sq8yq8cy07cg45tlx2cprpmhxue69uhhyetvv9ujucm4wfex2mn59en8j6f0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtc66z52m and team for putting together this very special event while putting Bedford on the map by just doing things.
Within p2p payments imho the most asymmetric opportunities for Bitcoin at this stage are micropayments and “megapayments” eg very small or larger than average transactions which are often hard, slow, insecure, complex and sometimes impossible (eg sending 1c, or sending a remittance instantly) with fiat rails - and most importantly often unavailable to the unbanked.
Really amazing to be reading this archive
“I should have set the initial BTC price higher, it was only 1€ / 1000
BTC in the beginning.” 🤣 🤯
“I plan to work on the escrow feature next, which is needed to make
actual trades for physical stuff safer and before backing the currency
with fiat money can begin.”
What was Satoshi referring to here ?
We are pleased to announce the publication of the First Public Working Draft for the did:nostr method specification:
https://nostrcg.github.io/did-nostr/
This specification defines a Decentralized Identifier (DID) method
(did:nostr) that utilizes the cryptographic key pairs inherent to the Nostr protocol. It describes how a did:nostr identifier can be created, resolved to a DID Document.
This initial draft represents the collaborative effort of several
contributors. We would like to extend our sincere thanks to:
- Maximillian George for valuable feedback and support throughout the initial stages.
- Manu Sporny for providing an essential sanity check on the approach and structure.
- The team at Block for engaging in insightful discussions that helped
shape the work.
We believe the specification is now at a stage where it is ready for
broader review and contributions. We warmly welcome feedback, suggestions, issue reporting, and contributions from the CG and W3C DID community and anyone interested in integrating Nostr identities with did-identity
standards.
We look forward to engaging with the community to refine and advance this specification.
https://lists.w3.org/Archives/Public/public-nostr/2025Mar/0006.html
Great to see DID & nostr devs working together, makes 100% sense to me to have a standard for multiple type of identifiers with different trade offs, nostr being one of them. For high security applications like gov or corporate identities anchoring the identity on btc timechain might still make sense? Also curious about the dht method and if it has gained traction.
GM and happy refining
I vastly preferred ‘the fountainhead’ btw, and I think it painted a really compelling story around creative work ethics, and the challenge of pursuing ideas that are outside the status quo.
“Rand's heroes use roads they did not build, communicate through language they did not invent, and benefit from scientific discoveries they did not make. Yet somehow, in Rand's mythology, they owe nothing to the collective enterprises that made their individual achievements possible.”
This excerpt from nostr:nprofile1qqstjqpcx0atlun36puzuqctucdhasuvul295xu6s60mmv6tnckjqqqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyshwumn8ghj7mn0wd68yttjv4kxz7fwwd3ksmnfw3ax2mpwwahhymry4zvrls last essay explains a lot of the discomfort I feel with an almost Darwinian view of economics and how bitcoin is sometimes viewed as the expression of it. I think it isn’t - all it is is money that treats everyone the same - and we have to figure out how to take advantage of it not only as individuals but as communities and society, to reinforce the commons not destroy them.
Gm 888888
On my lil’node
Funny how so many of us here created our first nostr key years a while ago just for testing and it might become our most important digital identity down the line. That might seem far fetched but so did Bitcoin becoming the internet money 15y ago.