I feel like Walt makes a good meme template.

Definitely!

#meme #memes

Good morning Nostriches!!

On my 2nd cup already. It’s gonna be a great day!

#coffeechain

#bitcoin

This track is fire...when you were fired

#memes #funny

Against Trustless Finance

Bitcoiners err in thinking that because the fiat/fractional banking currency system has proved completely untrustworthy, no financial system can rely on trust. For this reason they reject historical money such as metal disks and reject any future financial system built around such money.

But, we enjoy civilization to the degree we devise practices & institutions that foster merited trust.

Historically, banks were able to profit by unsound Ponzi practices, resulting in a crisis in which the banks were unable to meet their obligation. Rather than end the criminal enterprise, the bank cut the courtly authority in on the proceeds of the fractional scheme. Ordinary bankruptcy should have allowed for these banks to be foreclosed, the vault opened by the courts, and any deficiency in repayment to be lifted from the pockets of bank directors.

Instead, the corruption of courtly authority will permit the banking system to go bankrupt only when the courtly authority itself lies in ruin.

Bitcoin does not fix this. A corrupt monopoly on security & resolution of disputes will plague us whether or not the base money is sound, as gold basically is. Gold was not driven from daily transactions by mass mining or even counterfeit coinage, but by the establishment of a financial system whose function depended less and less on physical gold. Why is it impossible for this to occur with Bitcoin? And how could Bitcoin come to be valued as the base money in the first place?

Moreover, we reject fiat currency just as much by saving metal disks as buying cryptocurrency. The important thing to end the corrupt system is to withdraw support from the fiat network as much as possible and to store value outside of it. We must through market action end the "money" printers.

The future challenge is to build a trustworthy financial system. If we intend to ship each other oil, grains, manufactured goods, and so on, non-corrupt courtly authority is needed to provide security & resolve disputes. But the presence of such an authority is precisely what it takes to engender trust, make metal function as money in the industrial economy, and eliminate the need for unbacked "trustless" cryptocurrency.

Tonight’s movie trivia answer is Rock & Rule. A 1983 animated film released by MGM, directed by Clive Smith and featuring the music of artists including Iggy Pop, Cheap Trick, Lou Reed, Earth, Wind & Fire, and Deborah Harry.

The story is set in the distant future after humanity has been wiped out by a nuclear war, and the survivors are street animals, dogs, cats, and rats that have been mutated into semi-human form. A legendary rock superstar named Mok is on a quest to dominate the world by summoning a creature from another dimension, and a specific voice is needed to unlock the portal. He begins a talent search to find the voice, and discovers a singer named Angel in a backwater town called Ohmtown who possesses this gift. Her bandmates go on a roadtrip to try to rescue her, and save what remains of the world.

The movie was given almost no advertising budget and only made around $30,000 at the box office before being canceled. If you can find a copy, I think you’ll enjoy it. There are full versions of it floating around on the internet.

Bitcoin drivechain is a proposal for a secondary blockchain (or “sidechain”) that is “pegged” to the main Bitcoin blockchain. The drivechain is designed to operate under the security of the Bitcoin network while offering additional features or capabilities that the main chain doesn’t provide.

The general idea of a drivechain is to allow for innovation and additional functionality without changing the rules of the main Bitcoin blockchain or creating a separate cryptocurrency. For example, a drivechain could implement smart contracts, faster transactions, or other features, and still be secured by the main Bitcoin network.

Here’s how a drivechain would generally work:

1. Lock-Up: Users “lock up” a certain amount of Bitcoin on the main chain, effectively freezing it in a special type of transaction.

2. Activation: The locked-up Bitcoin activates corresponding tokens on the drivechain. These tokens can then be used according to the rules and capabilities of that drivechain, separate from the main Bitcoin blockchain.

3. Operation: Users transact and interact on the drivechain, enjoying whatever additional features it provides.

4. Withdrawal: When users are done using the drivechain, they can initiate a withdrawal process that destroys the drivechain tokens and unlocks an equivalent amount of Bitcoin on the main chain.

One of the key innovations proposed by this drivechain concept is the way it uses the existing Bitcoin network for security. Instead of creating a separate consensus mechanism or relying on validators, a drivechain would use Bitcoin’s proof-of-work mechanism to include drivechain data in Bitcoin blocks. This means that the drivechain would inherit the security of the main Bitcoin network, making it more robust against attacks.

GM

unfortunately, you need to keep window open, otherwise it logs you out.

i can't access the game, either, lol

it takes a couple times before you get the hang if it.

just started again....