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Jeroen Ubbink
765609c7ece4a9a5262ace318801e4798394a5908723ec7d4b48f841b488a3e9
Software developer, bitcoin enthusiast
Replying to Avatar Marty Bent

Don't get too pumped about Trump speaking at this year's nostr:npub1rwh33t5x8n7czknhts5fg0v0fml8mkl7neaarksumkkf8d679qrqcz7avv, there are forces in motion that could severely impact the bitcoin industry if people don't begin to make noise.

Earlier today there was a Senate Agriculture Committee hearing on Oversight of Digital Commodities with the head of the CFTC that everyone should watch.

If the legislation that is inevitably going to come out of this hearing gets passed it won't matter if Trump gets into office. The industry will be hindered for years. There is bi-partisan support at the moment as Democrats are moving quickly to react to the buzz Republicans have received due to their embrace of bitcoin.

Long story short, this committee is pushing to give the CFTC regulatory oversight over spot bitcoin markets, which is an unprecedented expansion of CFTC authority into retail commodities trades whereas in the past they have exclusively had jurisdiction over only commodities derivatives markets.

If the CFTC is granted this expansion of authority it would mean that they are likely going to require any bitcoin company to register with the federal government and have enhanced KYC/AML requirements. To be clear, this won't only affect exchanges, but any company that touches spot bitcoin.

These efforts are being spearheaded on the crypto side via lobbying efforts by Kraken, Coinbase and Ripple. Not shocking because this would likely enable them to trivially erect regulatory moats.

It looks like the bi-partisan effort will be looking to pass something through the House and into law rather quickly. Likely before the election.

It is imperative that you speak out against this as it would increase the regulatory and compliance burdens on US bitcoin companies considerably. The best move right now is no action. We need less regulation, not more. As we've seen time and time again throughout the first 15-years of bitcoin, these regulations but users in harm's way and make it unreasonably difficult for companies to operate cheaply and effectively.

Call you Representative and tell them to reject any bill that would give the CFTC oversight over spot bitcoin markets. This is a full on attack.

https://www.youtube.com/watch?v=F3i0pxWvyPc

Wait.. Agriculture Committee hearing? This has to do with farming how? 🀨

Much appreciated πŸ€™

Ok so it took far longer to sear than i imagined. The end result becoming a bit well done because i let it get a bit too warm too slow. But because it's a good quality it's still very juicy and tender. No real dry or chewy bits.

Attempting a reverse sear on this odd thick chunk of sirloin steak on my egg. #steakstr #eggstr

Let's hope i don't forget to take a picture of the end result.. πŸ˜…

Hey nostr:nprofile1qqsyvrp9u6p0mfur9dfdru3d853tx9mdjuhkphxuxgfwmryja7zsvhqpzamhxue69uhhv6t5daezumn0wd68yvfwvdhk6tcpz9mhxue69uhkummnw3ezuamfdejj7qgwwaehxw309ahx7uewd3hkctcscpyug is there any chance to get any visual feedback on button presses? When i try to download a hefty video of a few MB i get no feedback i pressed the button but sometimes i think i might have missed it and i end up saving it multiple times.

Awesome. This might become (economically) viable in The Netherlands as well..

First the government was like:

Need more green energy! Buy solar panels and we'll give you money for it! Build more wind mills!

Now the grid operators are like:

We cannot handle this! You, the consumer, must pay for every KWh you put back on the network!

This is so frustrating and typical at the same time... 😭

The most addictive stuff there is. If i have a carb day i usually follow it up by a 24h fast so my body can get rid of it all and get back to baseline before i go back to the regular diet. The 24h are usually not so great though..

Strangely enough most of the unix tools do not seem to suffer from this.

do one thing and do it well.

It does not yield nostr clients but then again, nostr clients hardly do one thing. It would not be super complex to pipe a few of these ancient tools and have a very tiny and simple nostr client. Most of these tools have had no major changes in the last few decennia. They do not rely on modern frameworks that are outdated in 2 years and replaced by something better that, again, does do many thing and therefore makes itself prone to becoming outdated very fast.

While this is all true, what most people are looking for is not really just storing/sharing code on an easy to find location. It's usually also involves pipelines, issue trackers, collaboration in other forms. I don't know if this is what you mean by "social features" but it is great complimentary tooling that supplements git but really does not even need git.

If it is really just about "having it available for others to clone" it would be fine to just use some cheap https setup or you could even use ssh if you only care about a select group of people.