nostr:nprofile1qqsrhuxx8l9ex335q7he0f09aej04zpazpl0ne2cgukyawd24mayt8gprdmhxue69uhhyetvv9ujuam9wd6x2unwvf6xxtnrdakj7qg6waehxw309ac8junpd45kgtnxd9shg6npvchxxmmd9u6gptxa rage-quitting nostr is not on my 2025 bingo card
I don't understand, did that happen?
Yeah that's a weird one... For the longest time I thought it was a variant until I flicked a bunch of switches on MacDown and suddenly it showed up as underscore and I thought, "oh, yeah that makes sense... Why wasn't it always like that"
Threads aren't a thing on nostr... This is dumb ... Just post a long form note SMH
Unless that happened in China and then he wouldn't be able to get to the webpage to do that transaction...
I thought of that.
If true, that'd be insane...
What if you just say, yeah I'm not going to use another bank. Gonna put it in my mattress?
I mean it's crazy that we're even having to have this conversation...
UK is a joke
No for sure, but that doesn't change the fact that people implement rules in nuanced ways... And in this case he mentions being called a "liar". Maybe the next bank wouldn't be so exacting and punitive and petty.
Plus by closing the account he gets access to 100% of it immediately.
I mean, by all means exit to Bitcoin, but dude might be a no coiner. Trying to think of a solution within the system.
Closing the account would have been a better approach. Would they not have been forced to give him his cash?
The trick is to not get angry. Withdraw cash at ATMs or move all your money out of banks.
https://video.nostr.build/0a8ce91b206bf33a613c5d5d42325d88a8f032de00849b11af3cad9bf37cc74f.mp4
Made me so angry.
Would they not be forced to give him all his money if he moved his account to another bank?
I use unstoppable swap. It's the permission less atomic swap Samourai Wallet was going to implement natively in their wallet. Can find them on kycnot.me
_Good Morning_\
☕ 📖 🌞
# Cryptoeconomics
**by [Erik Voskuil](https://github.com/evoskuil).**\
**The book can be found on [GitHub](https://github.com/libbitcoin/libbitcoin-system/wiki/Cryptoeconomics).**
### Censorship Resistance Property
- **Censorship Resistance Property**: Driven by transaction fees in Bitcoin.
- **Enforcement**: Similar to soft fork enforcement, majority hash power rejects non-censoring blocks.
- **Profitability**: Majority miners are profitable, making censorship cost-effective. Mining's anonymity allows control acquisition.
- **Fee Dynamics**: Censorship increases fees for unconfirmed transactions, incentivizing miners to confirm them.
- **Censorship Failure**: Non-censoring hash power can exceed censor's, unless subsidized by state via taxes.
- **State Role**: Must spend equivalent to fee premium to maintain censorship.
- **Fee Integration**: Essential for anonymity and resistance; block reward subsidies don't help.
- **Economic Impact**: Censorship might cause price collapse or increase. Survival depends on fee premiums.
- **Proof**: Impossible to prove sufficient fees or lack of censor subsidies, making resistance axiomatic.
The rest of the summarized chapters are at https://expatriotic.me
What a dumbass.
This dude has never heard of inflation?
That "7 years of savings" is just melting away even if it hadn't been stolen.
Oh and yeah, what happened is bullshit too, although not surprising.
You guys catch the new Snow White? I heard it was a masterclass in losing $300m for Disney… I’m inspired 🫶🏻
https://video.twimg.com/ext_tw_video/1903883167838113792/pu/vid/avc1/1280x720/0l1Nk3Ny1z93N61i.mp4
Disney blows
I've made it. L0la spoke to me.
The internet is a weird fucking place...
Where else can you just talk to people...
I've made it. L0la spoke to me.
The internet is a weird fucking place...
Where else can you just talk to people...
Doxxed. You wear New Balance.
Clearly you're a 65 year old white guy
_Good Morning_\
☕ 📖 🌞
# Cryptoeconomics
**by [Erik Voskuil](https://github.com/evoskuil).**\
**The book can be found on [GitHub](https://github.com/libbitcoin/libbitcoin-system/wiki/Cryptoeconomics).**
### Causation Fallacy
- **Theory of Mining Following Price**: Suggests mining activity is dictated by historical price or reward value, implying miners lack influence over coin utility.
- **Initial Miner's Dilemma**: The first miner cannot rely on historical data; they must anticipate future returns, embodying entrepreneurial risk.
- **Predicting Future Value**: Miners can't accurately predict future reward values using historical data, as this would imply either static or unpredictable prices.
- **Market Dynamics**: Overestimation or underestimation of reward value leads to losses. Market competition pressures these errors towards elimination, but unpredictability prevents perfect alignment.
- **Production and Consumption**: Mining anticipates future demand, not reacting to historical data, creating the opportunity for consumption.
- **Miner's Role in Price**: Miners contribute to demand but don't set prices independently; their impact is similar to any other market participant with equivalent demand.
- **Asymmetry in Market**: Miners must anticipate demand and risk before transactions occur, highlighting that production must precede consumption, not the other way around.
The rest of the summarized chapters are at https://expatriotic.me