5b2e729f74c1de386281f8da0ba851fb42319d4e2b6a724e6554a99fd199c661
The fee to get into the next block has been ranging between 50-160 sats/vbyte lately (which does seem kinda high), but I don't know how this transaction (1input->1output) sending $10million from one bech32 address to another could have been considered Optimal while paying 500 sats/vbyte ($117.34 YIKES!). IKR, not a big percentage but ... ok who cares anyway, it's 10 million dollars ffs.
PV y'all.
Glitchy Bitchin' about muh Anti-Social Media choices:
I've long-since stopped going on Twitter ... such a real dumpster fire over there since X. Everything is just scary MSM negative contentious bullshit with a dash of newsiness.
I'm also in a bunch of Telegram and Discord groups wading thru endless potentially important but indecipherable convos, unanswered questions from newbs, and more than a few scammers.
So yeah, and don't even get me started on ScrewTube and all such videocities channels.
So I spend quite a lot of time trying to read Nostr on 4 or 5 different clients, but they are nearly all still kinda glitchy and inconsistent for me. And I must wonder if anybody else is ever frustrated with the over-abundance of pablumatic single-word posts simply repeating GM, PV, Sunshine, Hearts, Hugs and Shaka-laka-ding-dong emojis. Nostr often feels like Mary Poppins High School by contrast to Twitter.
It seems difficult to find worthwhile content and when I do it's often cryptic as hell and hard to understand. Meanwhile, my countless well-thought out carefully constructed notes, and hilariously humorous quips sink un-noticed into the immutable archives of darkness without comment, no matter how many inflooencers I follow.
/end rant
Keep smilin' and zappity doo dah to you all.
More Mempool Mysteries: Digital Doxology?
b3d2613a9d3bd495c8295e4259760af85c28083aa7739b6dae232027cca7e941
Spending $19.85 from a $5.5+ million dollar bill and simply putting the change ($5,543,017) right back into your wallet. For a fee of 12 cents.
Convenience vs Carelessness?
Praise vs Piety?
OPSEC vs OOPSEC?
Who are you people and WTAF do you think you're doing in my mempool?
87e6e90f593a9a726489461e85541279ecb808147bfb247b16eb31e7de9682ba
$1.88 is spent from one legacy utxo to another legacy utxo, paying a 35 cent fee, thus yielding a net transfer of $1.53 confirmed
Perhaps Roger Ver shared the cost of a coffee with a friend at McDonalds?
Mempool Mysteries and Miscarriages
Fix the money, fix the world?
If your grandmother wrote a check for $37.16 to pay her sewer bill, and the bank charged her (or even allowed her to pay) $11.56 in fees to process the payment (31%!), every financial regulator and consumer protection agency in Amerika would be filing a lawsuit against them.
IDK why any wallet software would allow this. How in the unholy hell can such Bitcoin transactions even happen, much less fix anything?
d3d47e9b4739ea7a1ef69f46bca6745190b9659572fbb6a6e427423fbce6cab0
User
Tell me the story of bitcoin
ChatGPT
The story of Bitcoin is a fascinating journey that began in the aftermath of the 2008 financial crisis. It revolves around the creation of a decentralized digital currency and the technology that underpins it, known as blockchain. Here's a brief overview of the Bitcoin story:
Origins and the White Paper (2008-2009): The story of Bitcoin begins with an individual or group using the pseudonym Satoshi Nakamoto. In 2008, Nakamoto published a white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," which outlined the concept of a decentralized digital currency. The paper introduced the idea of using a blockchain—a distributed, tamper-resistant public ledger—to record transactions without the need for intermediaries like banks.
Genesis Block and Mining (2009): On January 3, 2009, Nakamoto mined the first block of the Bitcoin blockchain, known as the "genesis block." This marked the birth of the Bitcoin network. Mining involves using computational power to solve complex mathematical puzzles, and the first miner to solve the puzzle gets to add a new block to the blockchain and is rewarded with newly minted bitcoins. This process ensures the security and integrity of the network.
Early Adoption and Challenges (2009-2013): In the early days, Bitcoin was mainly adopted by a small community of tech enthusiasts, cypherpunks, and those interested in cryptography. The first real-world transaction involving Bitcoin was the purchase of two pizzas for 10,000 bitcoins in 2010. Over the next few years, Bitcoin faced skepticism, regulatory challenges, and concerns about its use in illegal activities due to its pseudonymous nature.
Rise in Popularity and Price (2013-2017): In 2013, Bitcoin started gaining more mainstream attention, leading to a significant price increase. The Silk Road, an online marketplace known for illicit activities, also contributed to Bitcoin's popularity. However, in October 2013, the FBI shut down the Silk Road and seized its assets, including a large amount of bitcoins. Despite this setback, Bitcoin's price continued to rise.
Evolving Ecosystem (2017-2020): The year 2017 was a landmark year for Bitcoin, as its price reached an all-time high of nearly $20,000 in December. This attracted both mainstream investors and speculators. However, the price soon experienced a sharp decline in what became known as the "crypto winter." Despite the price volatility, the underlying technology continued to evolve, with improvements in scalability and privacy.
Institutional Interest and Mainstream Adoption (2020-Present): In recent years, Bitcoin gained attention from institutional investors, hedge funds, and even publicly traded companies. Major financial firms began to offer Bitcoin-related products and services. Tesla, for example, announced it had purchased $1.5 billion worth of Bitcoin in early 2021. Additionally, countries like El Salvador adopted Bitcoin as legal tender.
Throughout its history, Bitcoin has sparked debates about its potential as a store of value, a medium of exchange, and a hedge against inflation. Its open-source nature has led to the creation of thousands of other cryptocurrencies and the development of various blockchain applications beyond currency. Despite ongoing debates and challenges, Bitcoin remains a significant player in the world of finance and technology, shaping discussions around the future of money and the decentralized economy.
I'm a Twitter veteran from 2008 and was a pretty prolific poster there with a modest following for many years... but I haven't tweeted since months before X.
I was an early nostr adopter also and zapped encouragement to many, especially devs for awhile. All in on #grownostr, stay humble, stack sats, zappity zap. But I took a long break from nostr too after Nostrgram stalled out back in April something, because it was just getting kinda discouraging. No depth, no real content, no engagement.
So yesterday I scanned all the current web clients on Nostr again, and honestly it's still a dumpster fire here for me:
Scrolling a feed is still often an exercise in frenetic lurching from page to page b4 I can read a post, mingled with "page unresponsive" msgs and stalled image renders. But most importantly, the content is... still mostly unintelligible and largely ignored/abandoned notes with very few coherent threads or real conversations. Despite my best effort to construct meaningful posts, I get almost no engagement, and the high percentage of notes without a single reply is telling. I find practically no news or enlightenment on current events in the world, and tons of faux profundity (silly memes). As social media goes, nostr is still just not worth a zap.
Change my mind
Tweeter since 2008 - been der, did dat... long gone.
Nostr is not yet a Twitter replacement for me... but I believe it will be moreso somewhen.
X is still eXit imo and I'd be OK with Bitcoin Twitter relocating here for real... along with the rest of free social media. Support the devs.
The Market Cap of Bitcoin @$575 B is larger than all of the following world banks combined:
Bank of America $228.39 B
Bank of China $144.72 B
Royal Bank Of Canada $131.09 B
State Bank of India $63.75 B
Some experts say that the US Dollar and fiat money generally is rapidly failing...
Ok then. Have a nice day.
Every fucking dip you buy...
was also once an all time high.
Today's dip was brought to you by...
Dec 26, 2020
1 BTC = $29,367
Hello Primal
[insert image test]
"C:\Users\kenn3d\Pictures\XPCrop\DoryHodler.jpg"
https://www.youtube.com/watch?v=lk0M2lRm67c
HODL on my frenz 😎
yeah... and I only have one (dining room) chair left, but it should bring about 300,000 sats, so my wife will just have to eat standing up like the rest of us. 😎
Bitcoin Optech Newsletter #253 - Provides a good overview of the Ark Protocol proposal. Much whoa ... Covenants?
Bitcoin Optech [newsletter@bitcoinops.org]
Ark is interesting to be sure, but it kinda sounds like a lot of idunno Ithinkso couldbe intheory yeah maybe pretty early testnet stuff. Hope to be reading about prototype implementations by Christmas ... perhaps.
Or maybe we'll listen to a Bitcoin Audible episode sooner?
More Mempoolery
This is an example of just one of many features I love about Bitcoin:
b56a9e225107fe2dfe4d136ba3975f09adaa56e0d7e571c4f096bcaeefb3cf9d
I believe that if you've got $47 million or so sitting around in an old legacy utxo doing nothing, you should still be able to spend $105k of that whenever you need to... without paying over $5 bucks in fees.
😎
That could be doable... if he invested every penny we paid him for the whole 100 years he's been in office... and his investments were based on inside trading info... which they undoubtedly were.
