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

Under appreciated trend .. we are contracting and that is ok .. unless say you happen to design your whole global monetary system based on growth .. which is ultimately underpinned by the quantity of people

Replying to Avatar JeffG

E2EE DMs are coming to Nostr 🔒

After being nerd sniped by hearing nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 mention OTR for the millionth time on the Bitcoin Review podcast, I spent the last few weeks digging into OTR, the Signal protocol, and a grab-bag of other cryptography.

The end result is that I (am pretty sure at least) that I found a way to do E2EE (end-to-end encrypted) DMs on Nostr in a way that is both forward and post-compromise secure AND doesn't require any centralized servers.

Demo video: https://share.cleanshot.com/nMKk6cn0

Live demo app: https://drdm-demo.vercel.app

And finally, the NIP (for those of you with bikes in need of a shed): https://github.com/nostr-protocol/nips/pull/1206

Huge thanks to nostr:npub1klkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qulx3vt and nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft for the chats while I worked out the details.

Fucking baller!

USDJPY trading like a shitcoin on Binance

Would be a tonne of fun to laugh about if it wasn't the biggest carry trade on the planet tying global currency issuer and their biggest creditor together

Bitcoin learning

Spent a bunch of time on the weekend experimenting with self sovereign multi-sig in various forms and configurations

Went back to basics that interestingly exposed a few holes in my understanding .. and I therefore filled in those gaps

Who helped me .. my nerd fren nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp .. or more to the point, the AI he trained for answering questions about Bitcoin

https://www.delphi.ai/jameson-lopp/talk

I treated it like the more knowledgeable Bitcoin-fren and asked it conversational questions - clear answers that I could then validate from various sources elsewhere .. and then action

Bravo sir - thank you.

Thanks!

I admire Satoshi for many things, probably foremost for his selflessness of departure, but an enduring lesson for bitcoiners is to build as Satoshi did:

- think deeply about the problem

- understand prior solutions and their failure causes

- design a solution that solves the problem

- build that solution to verify the solution actually works

- quietly seek peer critique to find holes in what you've built

and only then:

- talk about the solution

The exact opposite of the "move fast and break stuff" folk.

Credible open source funds .. OpenSats is such a fund (https://opensats.org/about). I believe at least several of the Board members are probably known to you.

Two others are:

- Human Rights Foundation (HRF) and

- Brink

Each has a slightly different focus and all 3 are supporting open source and privacy and developers.

Specifically for legal defense, COPA is probably the main player, and also well supported in the US, BUT also has significant corporate/regulated sponsors so may be less likely to support such a direct challenge.

#KYC-free Lina, not non-KYC 🙏

KYC is the taint, and being free of that taint is the normal state and benefit 🙂

Build

- your privacy practices

- your knowledge of Bitcoin

- your skills with relevant tools

- your community of bitcoiners

- your community of bitcoin-accepting merchants

- the tools and products and services that are missing

- support for those who are building if you are unable to

Your time starts now 🧡

#Bitcoin is yours when, and ONLY when, you control the keys

Ipso facto, wallets controlled by others, whether or not they are wrapped in some level of shiny legal recognition, *cannot* hold YOUR bitcoin; they are custodians and you hold a (hopefully redeemable) IOU at best

Bitcoin's history, and the general crypto-scene more broadly, has a litany of failures, theft and outright exit-scam frauds that have driven this harsh lesson home over the last decade

The fantasy of regulated custodians for bitcoin is just that .. a fantasy. Prime Trust in the US is a classic example of a regulated custodian that imploded through .. let's call it .. mismanagement. This is important to understand as Bitcoin is absolutely scarce - so there can never be a backer-of-last-resort to bailout incompetence, fraud and outright theft

Others, by definition, cannot hold your #bitcoin for you

Reject the messaging that Bitcoin is safe with anyone else

#Bitcoin is yours when, and ONLY when, you control the keys

This is why we Bitcoin and Nostr Jeff; these, especially Bitcoin, are the longest levers upon which we can push to make meaningful and lasting changes in humanity’s direction and perpetual cycles 🤝🧡