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I)ruid
8766a54ef9a170b3860bc66fd655abb24b5fda75d7d7ff362f44442fbdeb47b9
Cleverly disguised as a responsible adult. Founder of Trammell Ventures / Trammell Venture Partners, Blockhenge, American Information Security Group, and Rogue Signal. #Bitcoin ∞/21M

It is sad that EU regulators and public opinion are listening to #Greenpeace. This should be exposed properly.

If you are a #Bitcoin miner, don’t abandon this propaganda. Help us, end-users and human rights activists to defend bitcoin on the ongoing attack on PoW in the #EU.

One of the goals of the EU bodies, particularly the European Central Bank (#ECB), for such an approach is to use “a policy tool that disincentivises investing in such assets from the outset and prevents the build-up of transition risk through crypto-assets in the banking system” until 2025.

As end-users of Bitcoin for fundraising and payment instruments, Open Dialogue Foundation concerns that such a policy would directly affect both us and the Bitcoin industry, which services we and other activists use. Especially because the European Commission wants to “collaborate internationally with different standardisation bodies to develop the energy-efficiency label” for PoW:

“States shall implement targeted and proportionate measures to lower, and must be ready to stop, the electricity consumption of crypto-asset miners, in line with the proposed Council Regulation on an emergency intervention to address high energy prices.”

We need to do educational advocacy - over 200 face to face meetings with MPs and regulators so they can learn and ask questions from bitcoin miners they never ask in public. Just as we did thanks to nostr:npub1kp7jzme0qs3wcqjjmkq6v5fm359sclhc22glhadgtmerlr0h37nsn8487l nostr:npub1hyqrsvl6hle8r5rc9cpshesm0mpcee75tgde4p5lhke5h83dyqqqdwk7cp and nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m last years with #MiCA and #AML Regulations.

We need to be able to defend our rights to use Bitcoin in a legal way. So far it seems that the fight in the EU for Bitcoin is more important for activists than for bitcoiners, because everyone is excited about Bitcoin ETFs in the US, or believes that the market will solve the problem in the EU/move to other jurisdictions, or just doesn't believe in engaging with politicians to educate them. 😔

And I understand and respect all of that arguments, but we as human rights defenders have no place to move and we operate there, in the EU. 🙏

We need your support.

Now, before it is too late.

Engage the power companies. Once they understand what Bitcoin mining can do to monetize building out capacity and contributing to demand response it's over for the politicians.

Happy Lightning Whitepaper Day! (:

Mascots > Logos

Well, presumably she wanted non-dairy for a reason. She lactose intolerant? Vegan?

But yes, just cream & vanilla would be far superior.

Happy First Transaction Day (:

#Bitcoin

#Bitcoin just got a lot more deflationary. As institutions begin to lock up large amounts of Bitcoin into cold storage, effectively removing it from the usable money supply and turning it into a tradeable derivative that can't be used directly as money, the total supply being used as money is shrinking.

Welcome to TradFi's attempt at building a new Bitcoin layer-two.

Buckle up, those sats in your lighting wallet are about to get far more scarce and far more valuable.

Not sure if a specific logo is needed when you have a purple nostrich mascot that you can make infinite PFPs, badges, icons, etc. from.

Happy Hal Finney Day!

Happy Birthday #Bitcoin   ! (:

Happy #Bitcoin Fees Day!

Today is the anniversary of the first time that transaction fees exceeded the block subsidy. This happened in block 500521.

But I don't want to custody anyone else's funds or manage Lightning infrastructure for them. That's far too much liability and potentially classifies me as a MSB.

Nowadays I find myself using two Lightning wallets; custodial for receiving since I need always-on infrastructure for receiving Nostr zaps and opportunistic receives to an LNAddress, and non-custodial for holding the majority of my sats and making payments from. Every so often I send the balance of the former to the latter.

It would be nice to have a Wallet that handled both, and auto transferred from the custodial service to the non-custodial channel with my wallet's node when opening the wallet and its node going online.