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8518849e28cbb0c3ad51a36df8572509a21bb7ee8665f2bda40bb4c32d59f432

nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev thanks for making this audio! Was hoping someone would do this. https://fountain.fm/episode/TxDoimVbz2A8sI9pjnz1

#asknostr

Remind me again why we are here?

Better. Right is still thick.

Not until mstr is in qqq dec 23. ibit isn't in 401k's yet.

Replying to Avatar L0la L33tz

David Bailey just posted the draft for an executive order for the Bitcoin Strategic Reserve under Trump – and it's an absolute nightmare for anyone using bitcoin as money.

First, the draft order defines Bitcoin as "a finite store-of-value asset, akin to digital gold."

As someone who has lived on Bitcoin for a fairly long time, I can say that Bitcoin is not merely a "store-of-value asset", but a money for payment and day to day purchases.

Defining Bitcoin as a "store-of-value asset" reinforces the ossification narrative (who needs to move a stonk several times in a day?) which may put developers at risk when prioritizing changes to btc to make it more usable as money (think scaling for example).

With this definition, a softfork to activate covenants may become an issue of US national security that goes against the US' definition of its primary goals - directly putting developers in the firing line of the United States Government.

The draft states that federal agencies, such as the US Marshall's Service, may not auction seized Bitcoin off, but must contribute them to the strategic reserve.

This not only reduces the Bitcoin in circulation available to the public, but additionally sets the incentive for the US to increase its seizing efforts – think increased AML/KYC.

While I'm no fan of the strategic reserve in general, this draft is an even bigger disappointment than Sen. Lummis' proposed Bitcoin Act.

To compare this to how El Salvador has implemented Bitcoin, which I admit I initially wasn't a fan of either, ES directly gives citizens rights to use Bitcoin as money - which is a huge upside to benefit the people, and not just the national security state.

No offense, but letting a couple of children that just graduated college and a guy who runs a magazine draft US policy is a scene straight out of idiocracy.

Next time, maybe try speaking to the people actually building and using bitcoin, not just to the boomers and national security goons that sit on the money like a fat kid at the cake buffet.

Incredibly unprofessional conduct here by BPI, a huge risk to anyone using Bitcoin for anything other than an investment, and a testament to the people involved being more interested in furthering their own importance than to empower people with a money without state.

Sincerely hope that this EO is drastically challenged on all levels and hopefully somehow deemed unconstitutional to protect btc and the people developing it.

Thanks for bringing attention to this.

Replying to Avatar Bitcoin.Review

πŸš€ BR089 - Lark, Security Tradeoffs Masterclass, Bitcoin Quantum Risks, WabiSabi Deanonymization, Core Txn Broadcast, Better Wallet Migration, Scaling Bitcoin, Bullish Sentiments + MORE ft. nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 , nostr:npub1emdtsxly9m68m00x206t574jttp65vk0c2m89ms038q047yz7ylqcac9aw & nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8

Listen to the episode:

➑️ Fountain: https://fountain.fm/episode/tE59LQcb8ZrV6RRizTWN

➑️ Spotify: https://open.spotify.com/episode/2z5y5npFquDVZZoNV9ogRE

➑️ Amazon: https://music.amazon.co.uk/podcasts/2e6729fd-6d66-4d74-8cd7-6d7e8e036542/episodes/37f4f0f6-71d5-4228-a74e-60b48eefb6f7/bitcoin-review-podcast-with-nvk-guests-br089---lark-security-tradeoffs-masterclass-bitcoin-quantum-risks-wabisabi-deanonymization-core-txn-broadcast-better-wallet-migration-scaling-bitcoin-bullish-sentiments-more-ft-craig-rob

➑️ Apple: https://podcasts.apple.com/us/podcast/br089-lark-security-tradeoffs-masterclass-bitcoin-quantum/id1632017958?i=1000680312106

➑️ YouTube: https://youtu.be/WmVFUJ1JPxk

Shownotes:

➑️ Website: https://bitcoin.review/podcast/episode-89/

➑️ Substack: https://substack.bitcoin.review/p/br089-lark-security-tradeoffs-masterclass

Craig talks through the complexities of working with all the various protocols and systems used by different hardware wallets when building Lark. πŸ‘‡πŸΌ

https://m.primal.net/MvPb.mov

When nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2 speaks you listen.

nostr:note12l9hg73469xx6g66fnq5zlpaew7yj2lewle92ky8keayy7ufa9yqgwgcwh

That sounds depressingly accurate.