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Bitcoiner Rational optimist #AUStrich OpenSats Bitcoin Brisbane bitcoinbushbash@nostrplebs.com Honeybadger Noob Day Working on https://primal.net/EscapeHatch

Fuck all the warmongers and those that profiteer from war

It’s one BS state pissin on another BS state for with the most relevant impact being that yet another generation of plebs is lined up to be fed into their damned meat-grinder

Fuck ‘em all ..

.. and the horse they rode in on

WORD5 #456 5/6

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https://word5.otherstuff.ai

Happy Birthday Bitcoin 🎉 🥂

17 years old today .. still a gangly teenager prone to stumbling around from time to time .. but showing definite promise and hints of adulthood

Satoshi

✅ found a way

✅ gave it away

✅ went away

Thanks Satoshi, wherever you are 🫂 🧡

Ikigai also for me is calming

🤯 nostr:npub1fr0styg50xrcq9hs27wkm43kd56h6nr4lln746m304vfxadqganslul2sa 😍

Finally got some quiet time to play with these bad boys .. impressive

The simplicity of the UX is 🏆

Devices SO easy to use

Coloured devices smart

What’s on offer?

✅ multi-sig .. but with

✅ onchain-privacy .. and

✅ simple usb-c direct plug-in

What’s coming?

✅ ACTUAL key rotation - the capability to swap out one existing key for a new key .. within a quorum .. and WITHOUT an on-chain transaction 🤯 .. there’s some powerful implications there

Excited for future capabilities from coming software enhancements

Oh, and HNY 🥂🎉

Risk pooling is indeed the desired outcome; holding reserves in Bitcoin makes insurer’s operations considerably simpler

Long way to go to get there

And now, it’s a quagmire of broken incentives that pervert the objective of pooling risk in the first place

WORD5 #450 4/6

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https://word5.otherstuff.ai

No, you don’t understand how insurance works; reserves are built up over time from policy contributions. Some of those are paid out in claims, and some used to acquire re-insurance to hedge the insurer’s risk .. but NONE of the policy contributions should ever be paid as dividends

If you’re curious, have a read on how Lloyds of London started, and in the absence of any other insurer, how they hedged their long tail risk

Insurance will work well in a bitcoin denominated world, premiums will reduce and the need for insurers to “actively manage” their reserves will significantly reduce

Insurance is NOT a scam

Publicly listed “insurance companies” are complete scams; go read Nick Szabo’s essay on this (Shelling out maybe?)

The creation of the company as a legal entity with capability to share risk and reward, occurred in the same timeline as insurance - the ability for a group to protect downside from long-tail risks - and together they unlocked more risk taking, and consequently great exploration and human flourishing

Where insurance stopped serving their core purpose was when they became public and the shareholders, rather than the policy holders, became the focus

Think about it .. no insurance company should EVER be publicly listed; it conflicts with, and undermines the core purpose

.. and so, arrive at the complete clusterfuck that publicly listed insurance companies now are

nostr:nevent1qqsvpe6nr6q35uhxhenqwwu64kdjs9ctetvhx7chnrnxwl96n57zn5qpndmhxue69uhkummn9ekx7mp0y5erqamnwvaz7tmwdaehgu3wd3skuep0y5erqffjxpshvct5v9ez2v3swaehxw309ahx7um5wgh8w6twv5hj2v3sy5erqctkv96xzu39xgc8wumn8ghj7ur4wfcxcetjv4kxz7fwvdhk6te9xgc8wumn8ghj7un9d3shjtnyv9kh2uewd9hj7ffjxpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9ugeej5f

WORD5 #449 4/6

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https://word5.otherstuff.ai

WORD5 #448 3/6

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https://word5.otherstuff.ai

This is the content I’m here for 🤩

Merry Christmas you old caring understanding nineties type

Lolz .. like I’d have any sway over this

Just accept that nostr:nprofile1qqsvextkm9nssu5u3yp8cyfhxspenl63ra78g9trk399k8760wu9pzcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet569eg9v is an animal and drinks straight from the bottle, and don’t judge him for making a drink for his lady 😜

Create the world you wish to see

By 1981, in his book "Critical Path" Bucky identified (as Ford did earlier) that money was ideally to be backed by energy to be viable; Bucky would have been a Bitcoiner

The builders of today sharpening Bitcoin, Lightning, Ark, Cashu, Fedimints, Graphene, Tor and adjacent technologies, are designing the future they wish to see

Action turns vision into reality - what can you add?

Go Anna, go!

No, not Austen Tayshus (although Australiana was a piece of art), but the drop of a few of tracks into the public domain from corporate streamers who it seems, didn’t pay quite enough attention to securing their catalogue 🤷‍♂️

Replying to Avatar Derek Ross

Every Nostr event leaves me fired up and even more bullish on all of you, on this community and everything we’re building together. We’re connected by more than random npubs and shared cryptography. We’re more than just GMs and PVs.

We’re a social layer, a collective of people who see the world clearly and understand what the future can become if we keep pushing.

So we build.

We build software.

We build services.

We build content.

We build relationships.

I met so many amazing Nostriches and Bitcoiners last week. Some for the first time, and others I hadn’t seen in far too long. Thank you all for the memories and an incredible week. My family and I loved every moment we spent with you.

nostr:nprofile1qqs0qlstrtcxddyrswrrvzs69janw3pf48a64dvnqflnlnfm6w6uxecppemhxue69uhkummn9ekx7mp0qy28wumn8ghj7un9d3shjctzd3jjummjvuhszrnhwden5te009skyafwd4jj7pqtq2y Love you brother. I enjoyed our time together always my friend.

nostr:nprofile1qqswc7d4dz775c72vzgltwztp33ecy9qjx0pwhaqnfx7x920s2gx7fgpzdmhxue69uhhwmm59e6hg7r09ehkuef0rgdhp4 it was great to see you again and thank you for the artwork. Keep creating.

nostr:nprofile1qqsy2ga7trfetvd3j65m3jptqw9k39wtq2mg85xz2w542p5dhg06e5qppemhxue69uhkummn9ekx7mp0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qghwaehxw309aex2mrp0yh8qunfd4skctnwv46z75uptz7 Thanks for the good conversations and dinners together. Always something I look forward to.

nostr:nprofile1qqsg5386eve0fm9k9ky92kez4dw6v9ud7hdvmqjh4ru7rgs3gugrx3spr9mhxue69uhhqun9d45h2mfwwpexjmtpdshxuet59uqkvamnwvaz7tmxd9k8getj9ehx7um5wgh8w6twv5hkuur4vgcnxen6xq6x5et2xahxkarkw3mxwv35v34rjv3kvy6kxarrd4shwdn9ddcrjvpj8pjh27pnwparxcmn0pj8yut8vsmnw7t48a38ymmpv33kzum58468yat9qyghwumn8ghj7mn0wd68ytnhd9hx2tc2uycqv Thanks for the lunch conversations and beer. It was great!

nostr:nprofile1qqsrumtwafcjjsctfpfwgxx7gvva6vzjkuhy9g8vc7drkxuvj4vdnygpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgkwaehxw309ajkgetw9ehx7um5wghxcctwvshsz8thwden5te0dehhxarj9e3xjarrda5kuetj9eek7cmfv9kz7uqwpdj Finally! Have so many years. I am so happy to check this off my bucket list 😂

nostr:nprofile1qqswswmx4rkj6d7q05dtafhpkqq2z42fc62s37jvtp642m2jkpfxc2cpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszxrhwden5te0dehhyarfwvhxummnw3erztnrdakj7qgkwaehxw309a5xjum59ehx7um5wghxcctwvshsxpancm It was wonderful to meet you. Thanks for the laughs and good times.

nostr:nprofile1qqs9afryspzmk8ljyfj4mhfkumwwmhzrtyxzvzgvfp477w80g5x6t0gpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcppemhxue69uhkummn9ekx7mp0qywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uz87n0z My family really enjoyed our time together. Thanks man! I appreciate you.

nostr:nprofile1qqsvfa085adgecmg84ffelcxx6zrn3ffu5jrc6cjtwng0zge3ptv43cpz9mhxue69uhkummnw3ezuamfdejj7qgcwaehxw309anxjmr5v4ezumn0wd68ytnhd9hx2tcwmah2e Thanks for everything. Truly. Without your kindness and hard work, none of last week would have been possible.

I don't want to create a hellthread, so I'll stop the tagging here. Just know that if we spoke last week, I truly enjoyed it and I look forward to our next. 🫂🤙🏻💜

P.S. If you need help with or have questions regarding Shakespeare, please slide into my DMs.

Despite what Derek says nostr:nprofile1qqsvlca5x9keq5e4km8q26aqas3skkr6xdpcr6ptlxsz5xz095rglrgpz4mhxue69uhks6tnwshxummnw3ezumrpdejqzyrhwden5te0dehhxarj9ekxzmnyc97kfu , it looks like he could be a worthy apprentice 😎

Replying to Avatar Dr. Bitcoin, MD

I totally understand not wanting to be an unwitting mule transporting illegal numbers like bits representing CP when processed correctly.

Mechanic notes that running a node makes you a sender and receiver of illegal numbers (such as binary digits representing CP) because nodes are in the business of sending and receiving blocks and consensus rules do not prevent certain sequences of bits from being embedded via op return (which had been done since forever) or inside cleverly constructed public keys (recent development).

So Mechanic wisely restricts his consideration to each nodes mempool, somehow believing that illegal numbers in RAM are somehow going to be treated differently than illegal numbers on disk (one can persist mempool to disk though and can chose not to evict any transaction ever if they wish). I don’t think the law will see it that way, but from a moral perspective I totally agree with Mechanic. I’m not sure a court will care whether you have to type or copy/paste a command or double click a file to reveal illegal numbers.

Here’s an interesting example: if you run a node, copy and paste this in to the terminal:

bitcoin-cli getblock 00000000000000ecbbff6bafb7efa2f7df05b227d5c73dca8f2635af32a2e949 0 | tail -c+92167 | for ((o=0;o<946;++o)) ; do read -rN420 x ; echo -n ${x::130}${x:132:130}${x:264:130} ; done | xxd -r -p | tail -c+9 | head -c184292 > bitcoin.pdf

Now you have your own copy of a 184 kB computer file that happens to be a PDF file with embedded images. But a similar command could reveal something vile and illegal.

Now I agree that the miner who mined the block containing illegal numbers should never knowingly do so. And forcing illegal numbers to be submitted directly to a miner does provide a chain of responsibility and a legal target for law enforcement, much like OFAC address ban list already does.

But as soon as miners figure out how to detect illegal numbers to rightly filter them, the bad people sending illegal numbers will just become more clever at obscuring the data. One must accept that bitcoin can and will be used to publish the most disgusting and evil of all illegal numbers eventually, if costs of doing so remain sufficiently low.

If one wanted to be as “blameless” as possible while running a node, perhaps the best way is to either run a satellite node that transmits nothing or run a conventional node in “blocks only” mode that forgoes the mempool entirely.

But this old issue of illegal numbers is something bitcoin has been dealing with for years. And if bitcoin can’t be censorship resistant enough to be unaffected by the worst of illegal numbers, it can’t be censorship resistant enough to serve as money. Just like proof of work “wastes” energy, bitcoin will transport illegal numbers if bad people make it do so.

Well articulated and i agree with that.

Was extremely disappointed to see bitcoiners running with the “but won’t anyone think of the children” line which used to be the sole province of admin overlords trying to justify the next ratchet in orwellian oversight

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Yeah but only when you’ve got your contacts in 🤣😂

Replying to Avatar Gigi

👀

The scene of the winter bush bash 🙃

I think the bush bash participants would rise to meet such a challenge

New week, busy week LFG🚀

Building

Planning

Travelling

Bush Bash at the end of the week .. excited to see old friends and new

bitcoinbushbash.info

nostr:nprofile1qqspnlha0uuujmf07ahc0amz0tnez3dujuwc4v3jq5q9jwd94yfmctcpz4mhxue69uhhyetvv9ujumn0wd68ytnzvuhsz9thwden5te0wfjkccte9ejxzmt4wvhxjme0npr425 looks like one of your beers mate 🤣🫂