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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

If you want a different outcome, you’ve got to do a different thing

We don’t get to choose the time we live in, only what we do with the time we have 🧡

Incredible time to be alive 🤩

Bitcoin is the longest lever we’ve ever had to effect meaningful change in the world

Grateful to be pushing on that lever with all the rest of you 🤝

nostr:note1p2ldmje09ashccmmdcyznu0hdwxxjphga54xcvx0usrx324hp0cqh0sfy6

Bitcoin .. still early but gaining momentum

Yesterday's innovation becomes today's "legacy software stack"; early founders and projects without the hunger to continue to innovate and *deliver* material progress will rightly be obsolete

I've observed decades of this in software throughout many industry sectors across the globe .. except that for most of those industry sectors, they weren't gaining momentum, they were losing it

"Innovation" to them became rebranding, minor incremental improvement, more "regulatory compliance" (sigh), or just becoming a me-too-company by copying what emerging innovators were actually delivering

In fast-moving areas like Bitcoin, objectively re-focusing is critical, confronting, and necessary to continually deliver any new value

Huge respect for those innovating and even more so for those continuing to do so 🔥🤝

Compromising e2e comms:

- no justification

- no exceptions

Hard red line.

But they’re trying 👇

nostr:note1aj7pawy5gver8q757acq0f0xaz3g0zcp593jpcnllrvtxzqgkf2sh0h5xl

An increasingly widely used alternative for Bitcoin nodes are the reuse of microform corporate boxes with (typically) an i3/i5, and 8Gb of memory with whatever ssd storage you want to drop in

These are widely available second hand and extremely reliable workhorses that have reached their writedown eol at 3y - Dell and Lenovo would be my picks

They’re superior to Pi’s in part due to processing grunt, but predominantly because storage is not via USB and they have rock solid reliability

Ketan has a solid discussion with Stephan Livera on this last year

I have a spare one I’m happy to ship to you from Brizzy if you’d like to add that into your mix 🤝

Replying to Avatar Mandrik

Ever wonder what it was like working for a Bitcoin company in the early days? Did you know users back then were part crazy, part generous?

I started working at BitInstant late 2012, which allowed people to buy Bitcoin with cash. In the fall of 2013, I joined Blockchain(dot)info (BCI). The early days at BCI is what I want to focus on here.

BCI was the biggest non-custodial web wallet & the most used block explorer. I wore many hats as the first employee, but my main job was handling the support tickets.

My first day at BCI was chaos. I logged into Zendesk and saw THOUSANDS of tickets as old as January 2013. There was one guy, Ben Reeves, doing everything since inception. Support wasn't the highest priority.

After initially feeling overwhelmed, I decided to clean things up. I closed all tickets older than a few weeks, and included a message apologizing for the lack of response. I assured people this would no longer be the norm, and to open a new ticket if their issue was ongoing.

I had free reign over my job, and became obsessed with making sure users received help in a reasonable amount of time. It started as a goal to respond within 24 hours of a new ticket, which turned into 12 hours. Within a few months, the average response time was down to 2-4 hours, only because I had to sleep at some point! 😂

I didn't realize how little I knew about Bitcoin until I had to answer tickets about the Bitcoin network itself. After all, we weren't just a web wallet, but a block explorer! I spent many late nights digging around on BitcoinTalk, trying to learn more, so I could help users with their questions. Learning about Bitcoin back then wasn't impossible, but it wasn't easy.

Many early users were shocked to receive a response to their questions. To hear back so quickly was unheard of. There were many Bitcoin projects back then, but most didn't have dedicated support staff. If you received a response, it would be from the founder or some other developer. These guys didn't have the resources to tackle support, especially in a timely manner.

I quickly learned about the generosity of bitcoiners. Many users requested a btc address from me so they could send a tip for the help provided. Even when I told them it was unnecessary, as I was a paid employee, they insisted on tipping.

Many of these users were nuts. 😂 Here's an example that didn't happen frequently, but it happened:

A user opens a ticket during the time I'm actively watching the queue. I see it come in, respond within minutes with a solution, and he insists on tipping. I'm like, "Bro it's cool, don't sweat it," but this madlad won't leave me alone until he tips me.

I look at my tip jar - 0.5 BTC, which is worth a few hundred USD at the time. WTF, ARE YOU INSANE?! 🤯

Part of this generous attitude was about saying thank you, but I believe a bigger part was about the early proliferation of Bitcoin.

We preach the HODL mentality today, but Bitcoin wouldn't be what it is without the generosity of early adopters. So many bitcoins were given out freely so people could learn about it firsthand.

I believe many of the tips I received were from people who, at one point, also received free btc. It felt wrong to HODL these tips, so I paid it forward. I purchased work related items so I could do my job better. I tipped people on Reddit. I donated towards bitcoin-backed fundraisers, including when Andreas fundraised for Dorian Nakamoto. I did everything I could to keep that spirit of giving alive.

The landscape today has changed, but that spirit of generosity lives on. The best example is zapping on Nostr, where people are tipping each other via LN for posts and comments. It's beautiful to see!

Thank you, early adopters, for your generosity. You're a big part of why Bitcoin is what it is today. 🧡

Be kind, be generous, and be a little crazy. 😄

Thanks for sharing this 🧡

Pay it forward, not pay it back, is a great way to live because we all have people who help us in life at various points - I’ve had many and am grateful to them for that help - but they don’t need the help i can offer now so my focus is like yours - pay it forward 🤝

grateful for your work building the replacement 🧡

Turns out it was snippets of an old leak that the scammer was using to direct traffic to their website where you could (wait for it) .. BUY the tools used to "do the hack"

Scammers all the way down

GM. The best is yet to come

Layer 3

Uses ⚡️ for the fast settlement layer

Cashu has unilateral exit to ⚡️

⚡️ has unilateral exit to ⛓️

Justified anger and disgust is our fuel 🔥

Hey nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg .. enjoying experimenting with Cashu 🔥

Been thinking about the idea of periodically shutting mints down to force redemption of ecash tokens .. helps mitigate a number of risks .. two thoughts:

1. Mint lifespan

By defining a mint lifespan on inception, all mint users would be aware of that lifespan, and not operate on the assumption that the lifespan is forever (Laura); clients could interrogate any mint for lifespan remaining and show it in the "Mints" section . Key is that the lifespan is transparent;

2. User redemption fallback

Each new mint user could provide a fall-back 'location' for redemption of their ecash on closure - or possibly define that once in their eCash client? This redemption location could be on ⚡ or eCash (in its many and emerging addressability mechanisms). Clients could (automatically?) redeem all eCash tokens from an about-to expire mint to the defined fallback location

If achievable, this makes running a mint a whole lot less onerous. I've been responsible for other people's money and it is NOT in the FUN THINGS category. And the worst outcome is that you shut your mint with unredeemed sats belonging to unknown people.

Thinking further, a mint could itself have a redemption fallback.

If funds are remaining on shutdown that have not been redeemed, then they are automatically sent to a nominated place. Like the mint lifespan, this should be transparent. The mint operator chooses this but obvious candidates would be OpenSats, Brink, HRF, Bitcoin Moon Fund and other Bitcoin, Lightning, Nostr and eCash adjacent nurturing organisations.

For Cashu, if this is possible then to my mind, it makes much larger volumes of shorter lifespan mints (say 30-90 days?) viable.

Thanks for your work and all those who contribute!

Invite, yes; then his choice 🤷‍♂️

Mainframes remain a backbone for financial tx processing today (>85%) because they’re cost effective for very high base load

For loads where there’s significant variance, “cloud” has gained significant foothold because it can be (not is) more cost effective

The important difference is that cloud is just someone else’s data centre over which you have zero control, AND one which incentivises centralising control and access to those hosted instances, machines and applications

Running your own servers reliably effectively and efficiently is becoming easier with tools like Proxmox .. but infrastructure remains a pita

Highly analogous to what we’re observing with ⚡️ and LSPs and the tradeoffs for efficiency, ease of use, and risk of capture