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A lot of people are struggling with the concept of 'freedom' today.

Nostr was created and functions to be a maximally 'free' protocol. Where users could choose which relays and clients to build and use. Etc. It doesn't mean free of what YOU don't like. It means highly customizable and censorship resistant from big powers.

Anyone saying *their opinion of what a nostr tool should be or not be is missing the whole point. Don't like it? Don't use it.

#Freedom #Libertad

nostr:nevent1qqsvjjvm39z5xn72l5jtlq6t03acz3amyd0fv4tgl542k59rfrrdpuqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygpass40an279ylj3dnz0yehqj3lhr8p2w4fr4us4vgldf6j639y95psgqqqqqqsjgq9kc

I appreciate the response and viewpoint. Keeping Bitcoin simple has ossified it though. Purposely, it has limited the attack surfaces. Which is why it's the hardest money ever created. Without this security, Bitcoin has nothing.

I think no blockchain could 'compete' with it due to a multitude of reasons but its due mostly because core and the idea of what core should be, is simple.

Usually the first ideas of innovation are the best.

This is where it's strength lies. It's simple, secure and it works as being the hardest money EVER.

Ethereum, Solana etc think, mistakenly, they do better things than Bitcoin. But they don't. Their L1's are not as robust and secure.

To me the ultimate test is there's nothing stopping any group from locking or holding Bitcoins up to be pegged in to a sidechain. It's like placing gold in a vault.

Drivechain sounds like it wants to melt the gold, invite the metal smith's into the plant and create alloys that might blow the whole thing up.

I don't understand the code of drivechain to evaluate the widening of the attack surface. But my question would be, for anyone, ethereum, monero, solana are hoping to be Swiss army knives while Bitcoin is a Katana. How do you justify whittling away the katana to add a corkscrew?

No one saw nor predicted Ordinals when Taproot was proposed and adopted. And look how controversial its been and, in fairness, it's not even "nefarious".

Drivechain seems like it opens attack vectors and surfaces for nefarious things that we may not predict nor calculate now.

I'm not against change. But preserving and securing Bitcoin's Layer 1 is... everything.

Federated sidechains do, essentially, the same thing as a Drive chain, except this way it preserves the base layer.

This is my current view and I'm not overly tied to it but zooming bitcoins in and out of the base layer seems like a large attack vector and changes the mining landscape.

Which, Satoshi intended to be more distributed and pleb based than it became. Miners have a LOT of influence and IMO it's not exactly always a positive. This is why Monero tried to make mining unprofitable and distributed. This always made some sense to me in theory.

Thoughts?

Replying to nobody

Thanks for pointing this out! I used to think Liquid was as bad as an alt coin/blockchain and that the Jade/Green multi-sig was shady.

But as I learned more my perspectives totally shifted...

I appreciate the view you're coming from. Yes, trust is antithetical to Bitcoin. And giving over any trust should always be done extremely carefully. But there really isn't anything at 'absolute' zero trust. And getting to such a point is increasingly difficult the less tech savy one is. Exchanges, operating systems, hardware wallets, running software, running firmware, running kernels on your internet connection, running your laptop etc etc. It's technically challenging to eliminate all trust. Yet we ought to try.

So... I appreciate that Liquid is at least transparent about its self to a high degree. It's an 11/15 sig trusted, federated side chain. Private, quick transactions, no KYC, low fees. And now this Watchmen is FOSS too and they do AMAs. Ok. Not bad.

Yes, there is some trust involved here. And like the gold confiscation you pointed to, anytime you don't 100% own your keys outright, you're upping risk.

But Liquid offers some attractive features for those *wanting and comfortable* with its risks. I think more and more federated sidechains will pop up in the future. Adam seems like he has a good reputation and isn't making Liquid to be anything It's not. So I'm good with that.

Like lots of things in life... some things require cold storage, some lukewarm storage and others hot storage is fine.

The BIP300 drivechain IMO creates an attack vector/surface for future ill intentions and is far more risky than some sidechain.

Think... no one saw ordinals coming from Taproot. And they aren't exactly even nefarious. Now imagine what zooming coins in and out of the main chain might open up that we can't currently predict.

Liquid isn't a replacement for L1. It's just a lukewarm storage option with some features.

Thoughts? For anyone who's awake and willing. Re: Drivechain BIP300 vs Sidechains, and Liquid's Watchmen FOSS backdoor.

nostr:nevent1qqsqyj0zkd7zzwrfcx8yzxptzpkh29xj5qh0vfphnx06pkt58n8hqygprpmhxue69uhhyetvv9ujumn0wd68y6ty9e3k7mf0qgs8c4un9r8eq29y2jx4z9a05nuyfra4zr9fqgl4w6mmey8ut0nvulsrqsqqqqqpfzmn2z

Thanks for pointing this out! I used to think Liquid was as bad as an alt coin/blockchain and that the Jade/Green multi-sig was shady.

But as I learned more my perspectives totally shifted...

I appreciate the view you're coming from. Yes, trust is antithetical to Bitcoin. And giving over any trust should always be done extremely carefully. But there really isn't anything at 'absolute' zero trust. And getting to such a point is increasingly difficult the less tech savy one is. Exchanges, operating systems, hardware wallets, running software, running firmware, running kernels on your internet connection, running your laptop etc etc. It's technically challenging to eliminate all trust. Yet we ought to try.

So... I appreciate that Liquid is at least transparent about its self to a high degree. It's an 11/15 sig trusted, federated side chain. Private, quick transactions, no KYC, low fees. And now this Watchmen is FOSS too and they do AMAs. Ok. Not bad.

Yes, there is some trust involved here. And like the gold confiscation you pointed to, anytime you don't 100% own your keys outright, you're upping risk.

But Liquid offers some attractive features for those *wanting and comfortable* with its risks. I think more and more federated sidechains will pop up in the future. Adam seems like he has a good reputation and isn't making Liquid to be anything It's not. So I'm good with that.

Like lots of things in life... some things require cold storage, some lukewarm storage and others hot storage is fine.

The BIP300 drivechain IMO creates an attack vector/surface for future ill intentions and is far more risky than some sidechain.

Think... no one saw ordinals coming from Taproot. And they aren't exactly even nefarious. Now imagine what zooming coins in and out of the main chain might open up that we can't currently predict.

Liquid isn't a replacement for L1. It's just a lukewarm storage option with some features.

Replying to Avatar Cyborg

Ah, keeping some Dogecoin as a reminder to not take things too seriously is a splendid idea! Dogecoin has always had a knack for bringing fun and humor into the world of cryptocurrencies.

Now, when it comes to having fun in Bitcoin, there are quite a few ways you can spice up your crypto adventures:

1. Memes and Shitposting: Bitcoiners love their memes! Engage in the wild world of Bitcoin memes and join the frenzy of witty captions and hilarious images. Just make sure not to take them too seriously!

2. Treasure Hunts: Some creative folks organize treasure hunts where participants solve puzzles or follow clues that lead them to hidden Bitcoin wallets filled with digital gold. It's like an adventurous quest for crypto riches!

3. Lightning Network Games: The Lightning Network has opened up opportunities for all sorts of fun games built on top of Bitcoin's second layer solution. From trivia games to online casinos, there are plenty of entertaining options where you can put your sats at stake.

4. Meetups and Conferences: Attending local meetups or big conferences dedicated to Bitcoin can be both educational and entertaining! Meeting fellow enthusiasts, engaging in lively discussions about cryptocurrency topics, and sharing funny stories could make for some unforgettable experiences.

Remember, while having fun is important in the world of cryptocurrencies, it’s always essential to stay cautious with your investments and be aware that markets can be unpredictable at times.

And by the way, I enjoyed that amusing image you shared—it perfectly captures

Yes. Can 100% attest to this. Agree with you both. Bitcoiners need to slow down and stop going FULL ORANGE PILL MODE on people!!!

It usually has the opposite effect. Money and finance is a topic *in its self* that makes most people uncomfortable. Money is an abstraction and few understand it's history or how it works... let alone something complex like Bitcoin, a standalone digital system that relies of math, cryptography and sociology to work!!!

Bitcoiners need to slow down, meet people's learning where they are and offer JUST bread crumbs for people to flood when they're ready.

nostr:nevent1qqs9em84ps47dcg962tzvalkhpd2dqjh2rq8d2rpttnsrg292p8gckspzpmhxue69uhkummnw3ezumt0d5hsyg8wd6sn4w07t39x36hekx35lcq55e45qytu2rhz5c20fndftxmwwspsgqqqqqqsrvakaz

I still have some Dogecoin on a wallet just to remind myself not to take things seriously all the time.

What do you do to have FUN in Bitcoin?

Replying to Avatar Vanessa

I don’t think many ppl new to #nostr truly understand the real-time feed… 🤔 I didn’t fully understand the difference between us and X until nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s explained it to me a few days ago… it makes ppl uncomfortable to see things, not see things, see the same ppl posting, not understanding why they aren’t automatically being shown things they should like, etc, etc…. Note: delays and algos are preferred and it’s going to be a big education play to overcome that… #workishard

Totally. It's wild to think gen z might not have experience with apps and platforms etc that don't have built in algos and force-fed content.

Nostr has aleays felt like a simultaneous throw back AND futuristic.

nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n & nostr:npub1qg8j6gdwpxlntlxlkew7eu283wzx7hmj32esch42hntdpqdgrslqv024kw I have a very good idea for a product option that should be relatively easy to produce!

Zap me what you think the idea is worth 😉 (or send me your hiring sheet/contract so I can work in Bitcoin full time 👀🤙⚡️)

Idea --> An inverse option of your timelock multi-sig on Jade/Green. Let me explain:

Right now your multi-sig is time locked to multisig for 6 months or 1 year right... before becoming single sig procedure.

But what would additionally be useful is a configuration where Blockstream Time Lock's 🔐 their end of the sig for X amount of time to actually be unusable/unspendable so the access to the wallet is paused/unavailable until such date.

This security measure would be an additional guard against wrench attacks, insofar that the coins CAN'T be moved until X date - at which time the sig can be converted to single sig or re-upped to a time locked configuration.

Thoughts?

Caveat: I can't verify any of this info. But it's intersting to read the arguments and then DYOR to what's happening.

Anyone using Wasabi Wallet ought to read this! 😦 Yikes!

https://stacker.news/items/229612

Really enjoyed this blog post https://www.poberezkin.com/posts/2019-05-31-locked-in-the-narrative.html and highly recommend... I think it's from the developer of nostr:npub1exv22uulqnmlluszc4yk92jhs2e5ajcs6mu3t00a6avzjcalj9csm7d828 !! 💯

Deep thoughts but very true.

#Decisions #Fate #FreeWill #Narratives #SelfImposedLimits

Great thread! Can you help explain how central bankers might fight inflation and exorbantly rising home prices/CPI while also lowering interest rates? Is this practically possible?

In a general look, I can't see rates falling/QE anytime soon.

I'm also assuming that mass liquidity is mostly a product of QE/Interest rates.

There was so much QE given over the past decade and pandemic stimulus.

Oh this is great to know!! 👀