I want my government issued Soma, dammit! 😹

Good list of some well known bitcoiners on nostr - https://bitcoinnostr.com/directory/

Muffins are where it’s at…

Honestly with the first half of the video I was expecting some flawless execution of the jump… She was lucky it was just dry wall and not brick, could have been a lot worse!

Does this mean ordinal spam is now over!? 🙄😹

I did some UTXO management a couple of days ago - nice to see the mempool back to low fees. I have noticed though there’s still 140k+ worth of pending transactions - guessing they must all be at 1sat/vb and probably aren’t getting mined any time soon!

Well that was unexpected!

Bitcoin gives me hope. Nostr gives me hope. It’s a wonderful feeling to know there is an alternative to the centralised control. The long-term future is looking pretty good I reckon - just might be a bumpy road to get there…

At that point I guess BTC becomes the unit of account for the world as the dollar will have hyper inflated into oblivion and printing to buy bitcoin is a sort of end state that would signal the end of the dollar system?

I personally can’t wait until everything becomes natively priced in sats and we can just leave this fiat era behind us, though I have this sinking feeling that the powers-that-be will try one last trick before finally giving into Bitcoin, and that would be the CBDC (though probably called something else).

Get away from your phone / computer. Just grab your keys, chuck on some shoes and go for a walk around the neighbourhood if you are able to. Leave your phone at home. I find whenever I’m feeling a bit down that going for a walk, especially if you can get out into nature, usually lifts my spirits.

The idea of a gold-backed cryptocurrency fundamentally misunderstands what a blockchain is and what very specific problem it solves for. Kinda tired hearing people talk about implementing a physical gold backed “crypto”, as if it would be a viable alternative to Bitcoin.

Gold has to be warehoused somewhere. How do you verify the warehouse has the gold it says it does? How do you prevent gold seizures from malicious governments? How do you protect against theft if the gold? How do you audit the gold and make sure it’s not just gold plated tungsten?

This is the essence of the oracle problem and it’s lost on people promoting “gold backed” crypto.

You can go even further - who gets to add new blocks to the chain? Who can run a node in such a system and verify that the gold always existed at every point in the chains history? Can people redeem their tokens for physical gold, and how would redemption work.

Having a digital token representing some physical gold isn’t a new idea, and it certainly doesn’t need a distributed blockchain ledger. An SQL database will do just fine, and people buying digital shares in gold will simply have to trust that the gold exists, and is safe.

Or, you know, let’s just stick to using Bitcoin which is self contained and verifiable as it’s a self contained system with no need to have oracles or external trust…

Great post. 1000 euros is such a small amount of money these days too - that’s barely enough to pay for a months worth of rent these days, so they really are setting the bar very low. Maybe they are closer than we think to outlawing cash and going fully over to a CBDC?

Big development projects should be seen as lots of small development projects that are iterated on over time until you get closer and closer to your desired end goal. Work out what is the absolutely core, essential thing(s) that your app must do - build those first.

At the same time jot down every idea and improvement you want on a kanban or just a text doc. Work towards a genuine MVP - no bells and whistles - just the absolute core functionality to meet the initial spec. Test, release and get feedback. Then start to refine and add new features.

Don’t get bogged down. There are some codebases I’ve been working on for 5+ years that still have over 100 tasks sat in my todo list on my Trello. You need to prioritise, work on one at a time. At some point you’ll probably need some refactoring - but don’t spend all your project time endlessly refactoring and adding needless abstractions - keep moving forward ticking off prioritised items on your todo, and don’t be afraid to release half-finished software / code…

Let’s address some chatter about Blackrock attempting to hard fork the BTC protocol into some “ESG Compliant” version. Bring it on I say - I’ll take the coins from the hard fork and immediately sell for real BTC. We will watch the purchasing power of these hard forked coins collapse like with bcash, and Blackrock will be throughly humiliated in the process, and learn an incredibly valuable lesson about the power of users running their own nodes…

For the record I don’t believe Blackrock would attempt such a hard fork, especially if they are competing against a number of other large BTC ETF providers as it would be suicide to do so. Personally I’m more worried about paper bitcoin and rehypothecation especially if such practices become normalised across all of the soon-to-be-approved Bitcoin ETFs.

Interesting times ahead!

Super frustrating from Apple - I had hopes a few years back that they might start embracing Bitcoin and leading the pack in terms of adoption. They always seemed like the most likely of the big 5 tech companies to jump first with Bitcoin, and could have done some pretty awesome stuff in terms of integrating a signing device into the iPhone hardware and building bitcoin/lightning directly into their wallet app. Such a missed opportunity to be ahead of the pack.

Having a lazy Sunday…

My biggest fear living in the UK right now is getting de-banked. just for buying and holding Bitcoin each month, legally bought with the fiat I have legally earned through working. Can’t wait for the day when Bitcoin disintermediates the legacy banking system and we can just buy, sell and get paid in sats…

Great episode loved the explanation about energy usage and grid stabilisation for mining, really helped clarify some concepts for me!