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btcschellingpt
9b12847f3d28bf8850ebc03f8d495a1ae8f9a2c86dbda295c90556619a3ee831
Bitcoiner Rational optimist #AUStrich OpenSats Bitcoin Brisbane bitcoinbushbash@nostrplebs.com Honeybadger Noob Day Working on https://primal.net/EscapeHatch
Replying to Avatar calle

PSA cashu.cash is not owned by anyone affiliated to the Cashu project. It was sniped by nostr:nprofile1qqsdulkdrc5hdf4dktl6taxmsxnasykghdnf32sqmnc7w6km2hhav3gpzpmhxue69uhkummnw3ezumt0d5hsz9thwden5te0wfjkccte9ehx7um5wghxyee0qyqq78r794 who's squatting the domain ever since. nostr:nprofile1qqsdulkdrc5hdf4dktl6taxmsxnasykghdnf32sqmnc7w6km2hhav3gpzpmhxue69uhkummnw3ezumt0d5hsz9thwden5te0wfjkccte9ehx7um5wghxyee0qyqq78r794 stated he would not transfer ownership of the domain to the open source project.

The best thing would be to transfer ownership of the domain to me or anyone else in the Cashu project. If he won't do that (which he indicated) I wish him good luck with his domain of a project he doesn't contribute to and isn't affiliated with.

Better yet, Make a plan 🤝🧡

Size directly correlated to inertia

- public companies

- governments

- etc

They become self-perpetuating and self-protecting via the status quo

It’s possible to pivot (El Salvador) but hard (Kodak/Blockbuster)

Glad you’ve got a ticket to watch this game unfold 🤝🧡

Saylor explaining Bitcoin as a capital asset to the Microsoft Board of Directors will underscore the vote outcome either way

Choices and consequences

nostr:note1knn8tnvc39w3qdu6vh4pc95ac0wmxjjcq2ajtmt2hrst0shlemqquxhm96

Keen for this 🔥

Want IRL discussions with other Bitcoiners? Come along to Parkes to learn and discuss and laugh 🧡

Like your local meetup, but runs for a whole weekend, and requires you to get your butt to a new place

No tickets, no fees & KYC-free

#AUStriches

nostr:note1qsajhxxsj0nlweh0h7xdsh5xx3xms8nqv97cwq4mklw5ckdq39ysyyyx0v

Seen it for decades; exited from it

Replying to Avatar Sjors Provoost

More generally, I agree with James' observation that Bitcoin Core devs are paying much less attention to soft forks than they used to.

I can only speak for myself here. Part of the problem is that the current proposals don't excite me, yet. That's even after spending time at the op_next conference.

SegWit (which happened before I was involved) brought the promise of Lightning. Taproot lets you build cold storage with hidden fallback options.

I'm still waiting for MuSig2 to finally have broad adoption, something that's higher on my review list than new soft forks, and I barely get to it.

In that light, talk of a vault soft fork seems premature. The tool development is too far behind even for forks that already activated.

Similarly congestion control doesn't excite me. I'm general I'm skeptical of claims that the masses are suddenly going to self-custody because of a dramatic event in US politics. Especially given that plenty of other countries are in worse shape and we don't see self custody blossom at a scale where it causes congestion. The US is 5% of the world population.

That's not to say that I'm against these ideas. If I see other people work on and activate them in a competent and careful manner I might be fine with it. It's sad that their main proponents and developers burned out, and that certainly won't speed things up. Maybe grants tailored for potential soft fork devs can help here, as long as the right expectations are set.

But not being opposed does not reach the bar of me actively reviewing it, which is part of what pushes things forward.

If I see a more fleshed out design for a (BitVM powered?) sidechain with unilateral (no 1 of N nonsense) exit that gives me full privacy (Shielded CSV?), that would get me more excited. Especially if it's clear which specific opcodes are best to get there.

Other devs will have other things and other thresholds that get them out of their soft-fork winter sleep. There's a "I know it when I see it" aspect to this too.

All that said, it might be the case that one day every single core dev is excited about a soft fork proposal, or would be if they read enough about it, yet is too distracted by their day to day focus. But I'm not sure if that is really what's happening. nostr:note1579fauj8nwl38mvzle5fkupswjw6fkzqv4syupav8ckshujy24tsks9y3h

Yep that’s per much where my head is at too. So much yet to be explored from prior soft forks that the only current proposal that I’d like to see move forward is Matt’s Great consensus cleanup .. build work on that still ongoing i believe

Replying to Avatar FTB

I do believe we have entered the so called suddenly phase. What’s changed, well believe it or not, it’s not the ETF’s, or the options on top of them. It’s not the red wave, the Strategic Bitcoin Reserve, or the supposed nation state announcement happening at the Bitcoin Mena conference. All of that is insanely bullish and absolutely fuel on the fire. But we’re in the suddenly phase because of MicroStrategy.

If you’ve been following $MSTR as closely as I and others in the MSTR True North community have this won’t be news to you, but I know many of my humble sat stacking pleb, freak, and dirtbag friends don’t realize that the MicroStrategy strategy has evolved and Saylor has pushed the pedal straight through the floorboard. The past 4 years he’s been building a flywheel, and now it’s finally spinning.

If you want a full breakdown I can’t recommend listening to Saylor’s presentation during the most recent earnings call enough, he put all the cards on the table. Laid bare everything (and more) that the MSTR community had pieced together over the past months.

I’ll try and keep it simple, but the 21/21 plan was the starting gun, it was the announcement that there were no longer any training wheels on and that the flywheel was spinning up. Since then the company has issued 7% of the weekly trading volume via ATM offerings each week. The more liquidity the stock is trading + the more the stock goes up = the more $ that 7% has gotten them = the larger their bitcoin purchases have been. Now this has only happened for two weeks so far, but this past week they were the most liquid stock in the entire stock market. We’ll find out likely on Monday or Tuesday if he’s made it 3 in a row. My guess is it’s highly likely and if so we’ll see a ~100,000 bitcoin buy probably announced on Monday morning. 70 billion funded from ATM sales and 30 billion from convertible debt. It could be 200,000 next week and 400,000 the week after that. Higher stock price = more liquidity = more ATM sales = more bitcoin = higher stock price = more liquidity….get it? There are not nearly enough bitcoin available below $100k to keep this up. Things are accelerating extremely rapidly. This supposed sell wall is an ant hill in the face of the kind of buying MSTR is doing.

This is the main gist of the story but if you’d like to dive deeper there’s plenty more to it. Upcoming index inclusions (nitrous in the flywheels engine), convertible debt, other future debt instruments. It all points to an undeniable reality. MicroStrategy is now single handedly forcing the suddenly phase (aka hyperbitcoinization) to begin. Add on all of the other massively bullish catalysts on the horizon and it’s quite clear, DON’T SELL YOUR BITCOIN!

The potential index entry is an interesting one:

1. The MSTR absence shrieks of the legacy irrelevance of indexes;

2. Their (increasingly) likely 2025 entry in the top 100, from outside the Fortune 500 reinforces (1)

3. The top volume equity (MSTR) isn’t in the major indexes .. again, reinforcing (1)

They’ve built a unique advantage - let’s hope that don’t do a Bitmain and piss that all up against the wall

In the meantime, I’ll continue to quietly stack sats 🤝

Replying to Avatar pam

My boy is feeling much better today. His creatinine was off the roof at 910 umol/ (ideal range at 60-150) His urea was 48.9 umol/L (ideal range 3.6 - 8.9).

He needs his IV every day this week alongside phosphate binders, probiotics, calcium carbonate, vitamin B complex. And gastric and anti nausea meds in the morning.

I’ve got a mini apothecary going on, crushing all his meds and mixing it with either honey, baby food (fruit puree) or blended carrot and cucumber juice to syringe it in.

The hope is to bring his CKD stage down, from end stage - stage 4 to a stage 2 level which gives him a few more months. Whether his body is reacting positively we will know at the end of the week. But thus far he is much better.

If and when my dog no longer responds to the meds, I won't stress him up anymore. Until then we do what we can to make him feel better. But the fact that he trust me entirely with his life puts one in a diff state of mind.

We went to the park yesterday. I drove over and although he walked a short distance of 30m walk, he was a happy boy.

Lessons from my dog this week - can’t let fear control you. His fear of thunderstorms messed him up badly. And because the heart, gut, kidneys are all interrelated, hypertension has a domino effect. I’m building a mini wearable to measure his stats daily and halfway through soundproofing the room.

Lesson no 2 - Find joy even in toughest moments. I love how even the simplest thing like going out for his morning sun puts a smile on his face despite everything he is feeling.

As for this girl, weekends are when all the tiredness from the week comes crashing in and your body shuts down. But this weekend is going to be a ‘catch up on work’ weekend.

My routine now is to be up by 3am to work while the boy sleeps. I’ve got 6 days to several major datelines so it’s going to be quite a mad week ahead.

Hope everyone has a good rest and a great week ahead. Take it easy you’ll ❤️

🫂

Almost .. they're leopards rather than jaguars .. but yeah .. how far they've fallen .. complete loss of plot