I’ve read The Mandibles from Lionel Shriver. Good read! The novel narrates the life of a multi-generational American family going through the tumultuous years of 2029-2047. It was written in 2016 so I was wondering if the author would mention #Bitcoin (which may turn to be a solution if the events described in the book were to play out). There is only one mention of Bitcoin:

« The dollar is a historied currency that’s stabilized the international economy for over a century, Willbur. The bancor is an upstart pretender whose constraints are unworkably strict. We just have to hold our nerve. After all—look at what happened to bitcoin. »

The book seems to get it right on so many developments that I really would like to know what had happened to Bitcoin. Shriver may be wrong on this one.

#bookstr

My revisited attempt to memify the #Bitcoin maxis paradox about #Bip300 and #drivechains.

This is how I would memify the #Bitcoin maxis paradox about #Bip300 and #drivechains.

A MASF for #Bip300 will be a good test to uncover potential #Blackrock co-opted miners. Regulators (and by extension Blackrock) DON’T want to see #drivechains on #Bitcoin. Also it would seem against miners’ economic interests to vote against Bip300. Miners voting against Bip300 will be suspected of collusion with Blackrock’s interests.

#drivechain

I certainly think this scenario is their plan to take over #Bitcoin although it’s unclear how likely it is to play out.

Besides regulators, miners and the media, #Blackrock will also have influence over the #crypto exchanges (both pure players and traditional brokers moving into the space). IMO, the goal is to steal the Bitcoin brand while moving the network to PoS.

We know what happens to the fork that loses the brand…

What’s the mechanism for miners to evict a vanity drivechain?

Maybe I’m missing something but I’m not sure how this would prevent someone from creating vanity #drivechains. Yes, there are thresholds below which a #drivechain slot can be reclaimed but wouldn’t be possible for an attacker to generate vanity transactions (=usage) to maintain the ownership of the drivechain slot?

#Bip300

Not necessarily a critic but a question I still have regarding #drivechains:

Once #Bip300 is activated, how can one create a #drivechain? Is it permisionless or is the approval of someone (miners?) required? If it is permisionless, how does Bip300 protect against a spammer who would attempt to create 256 (the maximum allowed) vanity drivechains? Are the 256 slots simply allocated on a first come, first serve basis?

« Many bad incentives for miners » could you mention a few?

One of the most insightful interview, I’ve listened to so far on #Bip300 and #drivechains.

#drivechain

https://odysee.com/@DigitalCashNetwork:c/Drivechains:c

So it looks like it’s an issue that isn’t specific to a given relay but that is rather caused at the protocol level. #Nostr

That’s true, although the issue with the « conductivity » of data may also happens to my relay.

Is it that the data is stored on relays but can’t be retrieved or is it that it’s lost forever?

I used to be connected to 7 or so relays so I would find odd that all of them would have erased the data. #asknostr

I’m not sure what this means. Do you know if this is something that can be fixed or mitigated?

It’s a bummer though. Preservation of social media notes is a benefit I expected to gain from using #Nostr. I may have to rethink about that...

#asknostr

Currently, #Bitcoin has utility as an unconfiscatabale asset and store of value. The speculation on #BTC and other #crypto often considers present and future utility. Utility can change over time. It’s not a given that Bitcoin will conserve these. #Gold has lost its utility as a medium of exchange over the ages although it is now regaining it thanks to the #goldbacks.

#goldback

The guy isn’t honest and suing people left and right for dubious reasons. So no, I have no respect for him. He likely has an undisclosed agenda. https://x.com/cainbcha/status/1695312235730805207

This is weird… There are messages that I posted that don’t show in my timeline anymore. For instance the following one which is still live on #Nostr:

https://damus.io/note12z84e5lzu4mz2lxd4jgqcrdlq94tz0fk4zcetwnxxf8zzvzna0pswp3tlx

Does anyone know why this message wouldn’t show on my timeline? Is this a bug? If so does it come from Nostr or #Damus (which I’ve been using)?

#asknostr

#Bitcoin and #eCash developers still welcome your donations to defeat Craig Wright in court and save the future of #FOSS. nostr:note12z84e5lzu4mz2lxd4jgqcrdlq94tz0fk4zcetwnxxf8zzvzna0pswp3tlx

Same but once in a while I’ll check the normies news (just the headlines) to be aware of what normies currently think. It certainly can be dangerous to be unaware of what’s they are being fed.

« As long as you are able to off ramp » that’s exactly the issue. At best, off-ramp will be #KYC only and pervasive (look into the #TravelRule) and cash phased out.

Yes, parallel economies taking #crypto payments will still exist but how large and convenient will those be? Again, that brings up back to the question of adoption.

I agree that if for whatever reason they can’t restrict off-ramp then adoption would matter less but they are working hard at the task.

Critical mass in:

#Bitcoin price exposure -> probably

Bitcoin ownership -> maybe

Merchants adoption -> certainly not

Yes, #CBDC are inevitable but escaping them won’t be easy even for bitcoiners. Do you think they will allow you to off-ramp your #BTC to CBDC frictionlessly? I doubt it.

That’s why adoption matters more than it had in the past.