Unless you use this savings plan:
Can you explain how you coinjoin and split the UTXO?
“We have never lived in a global free market. You have no reference frame for what I’m talking about.”
Don’t miss this interview with nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe it’s 🤯🤯
Great episode! I'm still watching it. Thank you for asking all those questions to nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpzpmhxue69uhkummnw3ezuamfdejsz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcprfmhxue69uhkummnw3ezummjv9hxwetsd9kxctnyv4mqgevlfj :-)
Doing such an attack isn't a one of attack. They need to keep doing this every ~10 min. when a new block is mined, to stay in control of 51%.
In case you don't know how a hot wallet works. Here is a short but important tutorial:
- Go to bluewallet.io, download, install and open the app.
- Tap on Add now to create a bitcoin wallet and tap Create on the next screen
- You'll see12 words. Write them down on a piece of paper and make sure no one is watching. Tap in OK, I wrote it down.
- Tap in the blue area with 0 BTC and tap on Receive. It will show a bitcoin address and a QR-code which has the bitcoin address in it. Share this address on nostr and you'll receive some bitcoin.
- The bitcoin aren't in your wallet. To demonstrate, remove Blue Wallet from your phone and install and own it again.
- Tap Add now and select Import wallet. Enter the1the 2 words and you'll see your bitcoin balance restored. Your bitcoin are on the bitcoin blockchain; conputers worldwide running the Bitcoin software.
Alright here goes: Once upon a time in England there lived a pedophile named John Maynard Keynes, who engineered the Bank of England financing entry into World War I by surreptitiously buying government bonds and pretending that the public bought them. The money supply shot up and the Bank could no longer redeem its bills in gold, so they suspended gold convertibility. When the war ended, they could not just come clean and devalue the pound and get back on a gold standard at a rate that takes into account all the devaluation. They instead insisted on trying to somehow bring the pound back to its old prewar rate. But this was impossible because people had too many pounds in their hands, it caused a drain of gold out of Britain and created massive economic problems, which they thought they could fix by creating even more money. One thing led to the other and the world would never go back on a gold standard and it would instead start using government credit as money. Gold's supply increases at only ~1.5% per year, whereas government money grows at around 14% per year. This means it became almost impossible for people to save, and so people became a lot less certain about the future and they became a lot more short-termist, financially, and in all other aspects of life. "Ain't nobody got time fo dat" became the soundtrack of the century as humanity regressed backwards into more and more animalistic present-orientation at the expense of future provision. This is reflected in all manners of human institutions, from the collapse of the family to the emergence of hideous modern architecture, and the disappearance of fine art, which required plenty of sacrifice and hard work for long periods which barbaric easy money civilizations could no longer afford. It was replaced by high time preference art made by people who have no ability to think of the long term cannot spend enough time on learning a proper craft, and are just looking for clever shortcuts and 'making a statement' and narcissistic navel-gazing and similarly irrelevant and hideous nonsense. And that's how the civilization that gave us Michelangelo gave us Damien Hirst. I wrote a book about this! (Fiat Standard)
🖋️: nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
The part I Il find most interesting is ".... government money grows at around 14% per year...".
So that is probably a monthly or yearly average? I really would like to see such numbers per country. When tube news says that's only a 3% inflation rate, but it was actually above 10 would shock people.
The last point for Linux isn't true if you're using a System76 laptop with Pop_OS! I'm totally amazed how user friendly it is.
Hahaha yes. Just buying $10 of bitcoin is too risky. Buying thousands of dollars of shitcoins is the shit though.
Did you know nostr:nprofile1qqsvnx99ww0sfall7gpv2jtz4ftc9v6wevgdd7g4hh7awkpfvwlezugpzdmhxue69uhhqatjwpkx2urpvuhx2ue0chkv5c now has a blockchain/shitcoin built in (called Flux)?
Did you know they've also started doing "content moderation"—blocking users, groups and 3rd party servers?
Yeah, so far it's only to stop CSAM distribution but we all know how that's a slippery slope. The good old "Think of the children" tactic. If there's a method to ban, block or censor, it will be used and ABUSED.
SimpleX Chat may have good #privacy but it's not decentralized, neither censorship-resistant. They also seem too concerned with complying with Google/Apple stores—“(...)there are requirements we have to comply with that exist outside of law, e.g. requirements of application stores.”
I also found out they are getting funded by VCS such a Village Global ( https://www.villageglobal.vc/ ), which have backers such as Bill Gates, Mark Zuckerberg and Anne Wojcicki and others.
This is not freedom tech. I'm out. DYOR.
How can they do content moderation when everything is encrypted?
What if you self-host Simplex? Then there's no content moderation.
Wow, that is remarkable. I wonder if this person knows what's possible with Bitcoin or if he's so locked into the ask for permission first mindset.
That is the best promotion a headphone can get :-) Which headphone are you using?
The problem with socialism is that you eventually run out of other people's money.
- Margaret Thatcher
Very true. Always true.
"... Everything the government touches turns to shit... "
I just zapped you 21 sats. You should be able to see it in your Coinos account :-)
Yes, that is your lightning address!
https://coinos.io is great for getting a lightning address. You can also use https://walletofsatoshi.com
Do you know how to create and add a lightning address? It looks like an email address wedge you can receive satoshis, the smallest unit of bitcoin, just like cents are the smallest amount.