Good morning nostr, i have a full day ahead, first getting the bnb cabin cleaned after our guest checks out, then getting everything else ready for the family gathering this weekend. Apparently we'll have more people than I thought, so it might be interesting. I can't dawdle too much today, i need to get on it. Yall have a great Thursday nostr friends, and remember to do your work with a happy heart. #coffeechain #grownostr #bnbstr #countrylife

#m=image%2Fjpeg&dim=2016x1512&blurhash=%23BGbL%5Ewc%25M00Mxs%3BNGxuIo00D%250K%25L%25MaKt6R*s%3A8_Nx-%3A%7EWWoM%7Bxut7j%5BD%25%25L%25Ln%24M%7BxbIVs%3ANHnOx%5DR*IBkDt6NGVsS2IoxaozV%40azW%3DxaR*%25M_2V%40IVRjoKt7nif%2CjG&x=0193e6951071ea7db0494578c9aed9a000dc7a6bd8eb2446252b9ff488047aba

GOOD MORNING NOSTR, WAKING UP EARLY IS A SUPER POWER 🫡

GM ✌️

I just gotta start driving to all of the local #bitcoin and #nostr meetups that are close #Chicago nostr:note102fxewz30wmay2fuctwkef8l0d60jsy7gx9fxl5f4cnzgml9nm2qjkq0gf

"Time Preference”- 31st Edition

1) # Full nodes (reachable) - 15,905 (-5.54%)

2) # LN nodes - 13,762 (-0.19%)

3) LN capacity (BTC) - 4,950 (-0.96%)

4) BTC addresses > 1M sats - 12.63M (-0.87%)

5) BTC addresses > 10M sats - 4.57M (+0.10%)

6) BTC addresses > 100M sats - 1.020M (+0.06%)

7) Hashrate (EH/s) - 567 (+19.37%)

8) Price - $42,026 (+1.12%) (Sunday close)

9 Price/Hashrate - 74 (-15.29%)

10) Michigan businesses accepting BTC (btcmap.org) - 18 (n/c)

11) Routing Events - 196 (-25.19%)

12) Routing Sats - 462 (-33.33%)

* % change figures from prev.

Happy Monday! The Lions gave us all a tough ending to the week last night over here in Michigan, shouldn't have expected a different outcome I suppose but the buzz around the state was real. Here's to another shot next year. 🍻

Full nodes drop again for the 3rd straight week, now down about 10% since this damn ETF launch. I know this stat is kinda useless because we can't monitor Private/Tor nodes but I still like to monitor. This is the lowest number in the 31 weeks I've been doing this, only under 16k briefly back in August 23. Will continue to watch and report, obviously I like to see this number get bigger over time.

Hashrate bounces back, aggressively. BTC looks cheap compared to hashrate again, going back to levels seen around Thanksgiving. Interesting, addresses greater than 1M sats dropped significantly, the most since I've been doing this yet over 10M and over 100M increased slightly. I'm just going to try to find ways to blame this ETF it seems going forward, I'll get over it eventually. Have a great week and do something fun.

#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️

The U.S. broad money supply currently consists of approximately 2.1 quadrillion cents.

Only the lions. Find a way to make it embarrassing to be a lions fan again. After making it to the NFC championship game.

#onlytheLions

So there's this progression. First you see something like Cashu when you say, "Oh, it's a custodial lightning wallet with better privacy for users and no accounts." And then you realize, "Oh, I can use this to pay someone who is offline. I just send them a string and that’s the ecash note.” And then you realize, "Oh, this works over long range radio with very low bandwidth. And then you realize, oh, if we trust the same mint, we can actually use it to route lightning payments without open channels to the mint (the channel is the trust). And we can use it as a lightning wallet for ourselves. And then you can say, oh, we can create these community mints for “islands” that are not connected to the internet.

And then you realize, "Oh, there can be more than one Uncle Jim, and we don't have to trust this one person. We can have shared custody, and this thing has better privacy." And suddenly you realize you are were not expecting anything like this at all when you first saw it, when it began. It has completely different implications than what I was expecting previously.

It's the same with Nostr. It's like, "Oh, this is not a very good protocol. It depends on a few relays and you can’t even store images on it and who would use it." And it's cumbersome. Now there are blogging platforms and communities and marketplaces and AI communicating over it. And there's this innovation that no one was expecting when they first started. It was like thinking about the protocol and trying to judge it by its design, but its use (and implications) is discovered, not designed. Same way you can send a calendar invite over email, or do encrypted group chats over it (DeltaChat).

It’s interesting to see, how we use technologies that in theory should not have worked, but in practice, they do. Bitcoin is one of them. The probability of its success was very low.

A friend of mine said in a podcast with me that Bitcoin’s risk adjusted value is actually better than a decade ago. Yes, you could have bought cheap Bitcoin. But its success back then was very improbable. Now you are buying the asset of the parallel financial system, back then, it was a membership card in a club of geeks. After several that have failed…

So there's this progression. First you see something like Cashu when you say, "Oh, it's a custodial lightning wallet with better privacy for users and no accounts." And then you realize, "Oh, I can use this to pay someone who is offline. I just send them a string and that’s the ecash note.” And then you realize, "Oh, this works over long range radio with very low bandwidth. And then you realize, oh, if we trust the same mint, we can actually use it to route lightning payments without open channels to the mint (the channel is the trust). And we can use it as a lightning wallet for ourselves. And then you can say, oh, we can create these community mints for “islands” that are not connected to the internet.

And then you realize, "Oh, there can be more than one Uncle Jim, and we don't have to trust this one person. We can have shared custody, and this thing has better privacy." And suddenly you realize you are were not expecting anything like this at all when you first saw it, when it began. It has completely different implications than what I was expecting previously.

It's the same with Nostr. It's like, "Oh, this is not a very good protocol. It depends on a few relays and you can’t even store images on it and who would use it." And it's cumbersome. Now there are blogging platforms and communities and marketplaces and AI communicating over it. And there's this innovation that no one was expecting when they first started. It was like thinking about the protocol and trying to judge it by its design, but its use (and implications) is discovered, not designed. Same way you can send a calendar invite over email, or do encrypted group chats over it (DeltaChat).

It’s interesting to see, how we use technologies that in theory should not have worked, but in practice, they do. Bitcoin is one of them. The probability of its success was very low.

A friend of mine said in a podcast with me that Bitcoin’s risk adjusted value is actually better than a decade ago. Yes, you could have bought cheap Bitcoin. But its success back then was very improbable. Now you are buying the asset of the parallel financial system, back then, it was a membership card in a club of geeks. After several that have failed…

Good morning and pura vida, Nostr! It's time to create notes and send zaps! 🫂🤙🏻💜

Today's the first day of the Bitcoin Freedom Festival! Let's go! 🇨🇷

"Time Preference”- 29th Edition

1) # Full nodes (reachable) - 17,087 (-3.15%)

2) # LN nodes - 13,788 (n/c)

3) LN capacity (BTC) - 4,998 (n/c)

4) BTC addresses > 1M sats - 12.72M (-0.25%)

5) BTC addresses > 10M sats - 4.57M (-0.29%)

6) BTC addresses > 100M sats - 1.020M (-0.12%)

7) Hashrate (EH/s) - 538 (+5.08%)

8) Price - $41,715 (-5.07%) (Sunday close)

9 Price/Hashrate - 78 (-9.66%)

10) Michigan businesses accepting BTC (btcmap.org) - 18 (5.88%)

11) Routing Events - 291 (+0.69%)

12) Routing Sats - 1,443 (+76.19%)

* % change figures from prev.

A little late this week (again) but we're still here (again). Wild (or not, depending on your time preference) past week from a price standpoint, all the hype for $50k and that OG Bitcoiners were getting calls to sell their BTC because the custodians couldn't buy enough to fill the demand was kind of funny. Surprise, hello $40k, and quickly! We're hovering at a pretty crucial area $42k-$44k and I don't have strong conviction on if we breakdown or not. So I will continue to DCA.

FWIW - I'm happy the ETF narrative is done but I really don't like where I feel this is going. Centralized custody of BTC and a continued narrative that the only use case is for criminals or money laundering will only get bigger and bigger over the next year, in my humble opinion. I hold my stack in self-custody but it sure feels that outlawing self-custody in the US is the path we're headed down, it really would be the only attempt to 'stop' this thing if I was a politician concerned w/ losing my ability to control the monetary policy. I DO believe we will prevail in numbers but it's a scary thought, the path of getting there. /End rant/

Back to the report, we still see declines (quite large) in all address counts. I don't really understand why. Hashrate continues to rip! Oh, and I'm earning some fees again with some routing activity. Very volatile stat but fun to watch regardless.

I hope everyone can find some balance in their day/week. We have about 2.5 / 3 feet of snow and I was able to take my dog out today to admire the beauty of snow-covered trees. Cheers.

#bitcoin #timepreference #mining #Einundzwanzig #michigan #LightningNetwork ⚡️

MY FAMILY DIDN’T SAIL ACROSS AN OCEAN, TRAVERSE AN ENTIRE CONTINENT, BUILD HOMES, BUSINESSES AND KILL OUR ENEMIES TO STAY FREE, ONLY TO BE DIGITALLY DOMINATED BY SOME RETARD TECHNOCRAT FROM DAVOS

GFY

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