You’re right here. But you can set up a node with no Tor.

And another reason: I want to self host my own pool at my own node, because only in this way I can avoid trusting anyone else. Using web.public-pool.io even if it’s solo, would mean that I have to trust them so that my reward is sent to my address eventually.

Because I want to solo-mine, instead of participating in the pool where my share will be tiny and even in case that pool discovers a block, my share of the reward would barely cover that tiny electricity cost which I consumed.

I don’t care for that money, instead I prefer to test luck and mine in entirely solo fashion, so that if I discover block, I get full reward. Chances extremely low but it’s a forever lottery for me, which can be regarded in this way.

Finally set up my Bitcoin node the way I wanted, launched my own self-hosted pool on it, and pointed my “lottery” Bitcoin solo miners with a combined hash rate of 4 TH/s at it! Now, if I’m lucky enough to mine a Bitcoin block, the reward of 3.125 BTC will go directly to my address, generated by the public key on my hardware wallet.

Next, I want to learn how to construct blocks from my node’s mempool directly. This way, in a hypothetical scenario where my transactions are censored, miners refuse to process them, or similar situations arise in the future, I won’t depend on anyone! I can include my transaction in the block and mine it myself. Sure, with my hash rate, it would take me a couple of thousand years to mine a block, but it’s the principle that matters!

There are already thousands of solo miners like me around the world. In 5–10–15 years, there could be hundreds of thousands or even millions. If there are enough of us, it will be impossible to censor Bitcoin through large mining companies, pools, or corporations (which governments, intelligence agencies, central banks, etc., can easily pressure). A swarm of decentralized ants like me will make that impossible.

Books I’ve read or plan to read next year.

Gulf of Thailand in the morning

November…

I watched, as many of you did, the keynote presentation by Sam Altman of OpenAI yesterday. The vibe and hype, as well as the ability to maintain attention through pure innovation rather than a squeaky-clean show, were somewhat reminiscent of the first Apple iPhone presentations. I have a few thoughts I wanted to share and perhaps ask the community for their opinion.

First of all, it’s hard to deny the fact that what OpenAI (and probably hundreds of other AI startups) are doing is at least a revolution on the scale of the invention of computers. This means that it will highly impact our lives and economy by boosting productivity to unprecedented levels, similar to, or even much higher than, what the invention of the PC did for the growth of the post-industrial economy.

Now, here is my question. We are all here in the community of Nostr and Bitcoin enthusiasts for a reason. One of the narratives behind the belief in Bitcoin as sound money, besides its decentralized nature, censorship resistance, and other qualities, is a very strong disbelief in the US monetary system and the US Dollar. This is mainly caused by enormous money printing, which leads to a further unhealthy gap between national debt and GDP, dilution of the USD as a currency, and the loss of its purchasing power. So far, it seemed to me like a vicious circle, with only two ways for the government to fix it:

1. Lose control over money by giving up on having the USD as the national currency and shifting towards a Bitcoin-based economy.

2. Radically increase productivity in the national economy which would remove the gap between debt and GDP.

I always thought that option 2 was not realistic, and hence my Bitcoin inevitability assumptions were built on this. Now, with what I see in the realm of AI technology revolution and its potential implications on productivity, it shakes my thinking and forces me to doubt if I was right. What do you think?

Which country are you a citizen of?

Why? :)

Haha! Hope YouTube adds auto-generated later:)

Need to add English subtitles :)

Use passphrase instead. Effectively each passphrase under your seed phrase creates a new wallet and you can have as many passphrases as you want (meaning have a small amount on your “clean” seed phrase with “zero” passphrase and put your main savings under the passphrase).

There will be no indication of the fact that you have a passphrase, so essentially you can use it as duress wallet without “duress” menu item in your hardware wallet.

What widget is that you’re using for Bitcoin price in iPhone?