Less than 24 hrs to go
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My little pre-halving mining economics explainer:
The two most important numbers for mining economics -- total global hashrate and bitcoin price -- have changed drastically over the years. However, one measure, the 'hash price' is more stable. It estimates the daily revenue from a 1 TH/s mining capacity, in dollar terms. For most of the 5+ several years, it has been in the 0.06 -- 0.12 range (higher during peak bull market periods).
If hash price stays above 0.06, most miners will be OK. Currently it is 0.108, after the halving it will be, well, halved, to 0.054. I expect it will creep back to above 0.06 soon, by some mild drop in hashrate and some NgU.
Things balance out.
How about RaspiBlitz? That's also non-docker, and real FOSS
Excited to announce the preview of Lightning Addresses for Mutiny+ users! No more invoice requests needed when paying friends by name directly on Mutiny Wallet.
Providing Lightning Addresses to a non-custodial wallet can be challenging, as they require a web server and constant online presence. To solve this issue, we've integrated Federated Lightning Addresses!
Inspired by Kody Low's Hermes project, our new feature uses ecash locked to your pubkey so only you can spend it when back online. Your wallet listens for DMs on nostr and unlocks tokens once received. Keep an eye out for a deeper dive soon!
To sign up: add a Federation, subscribe to Mutiny+, pick a unique Lightning Address name. Feedback appreciated as we stress test and work out kinks!
Thank you for your support in making this feature possible. We'll integrate it into the sign-up flow at a later time, open up randomly generated Lightning Addresses for everyone, and add more flexibility to change federations.
Enjoy your new payment experience on Mutiny Wallet!
https://blog.mutinywallet.com/federated-lightning-addresses-for-mutiny-users/
Interesting solution for the self-custodial wallet + LN address problem. Nice to see the interplay of lightning, ecash and nostr (and ofc, bitcoin)
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Disclaimer: this is not realistic, just a joke
The idea is to create a complete table with all 12-word BIP39 phrases, and next to each the correct last word, and the first default address. The generating software has to be validated once.
Then you download the PDF, print it out, and look up your own phrase, and find the correct last word and your first address.
I've generated the first and last pages, as a sample.
The only problem is that it takes a LOT of paper to print :DDD
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It's relatively easy to create a random, 'raw' BIP39 passphrase, without using any computer, using a coin or a dice (e.g. 132 flips or throws with an unbiased item).
But can you compute the correct last word (it includes the checksum) on paper?
Can you derive a bitcoin address from the passphrase on paper? Or do you need to trust some chip, some CPU, with whatever inside?
I'm working on a solution...
BOIB: Bitcoiner Only in Bullrun. A person who likes to identify as bitcoiner only during bullruns (typical example: Pomp).
No statement in economics can be independent from politics.
GM frens
States profit from the people MORE than people profit from the state
🚀BR063 - Mutiny, NDK, Phoenixd, Alby, Cashu multinuteral payments, Casa Inheritance, Unchained, GoFetch & ViaBTC Vulnerabilities + MORE ft. @Rob1Ham, @benthecarman, @pablof7z & @nvk
Listen to the episode:
Fountain: https://fountain.fm/episode/HjmqrZTRZR4Qo7jMDpdI
Spotify: https://open.spotify.com/episode/3zt3btcZJVAnft7Ukc2X15?si=1oCuYDqNSsOiwjneqX4Daw
Full shownotes:
Website: https://bitcoin.review/podcast/episode-63/
Substack: https://substack.bitcoin.review/p/br063-mutiny-ndk-phoenixd-alby-cashu
🎧👇 NVK and the guests talk about the recent #MARA block by @PortlandHODL on @mempool
GM! I need a Matrix-style direct upload of podcast to my brain; there is so much valuable stuff coming out!
I've sacrificed a fish-can to testdrive https://bitcan.world seed storage. Both stamping and decoding went quite smooth. All using only common household items. #BitCan
First unverified and unverifiable rumors about BtcAzores'24 taking place in Terceira spotted in the wild
I see you already did that 🤟
If that's a valid Lightning address (LNURL), set it in your profile under Lightning Address
They actually used one entire block to draw their logo? Using OP_RETURNs as pixels?
It's sick, though technically beautiful.
https://mempool.space/block/0000000000000000000341cc26cda4af82cd25f7063c448772228cbf2836915b
Blockchain vs. Timechain
Shitcoins compromised the word blockchain big time. But that's a weak argument for me to switch to 'timechain'!
It's true that Satoshi used the timechain term as well, and it has to do with time a lot, but the word blockchain and block is just much more deeply rooted in bitcoin software. Period.
I don't give a fuck about shitcoin projects, and changing my ways as a reaction to their action is an acknowledgment. Switching to timechain seems like a woke thing. Blockchain it stays.
LN is the only true scaling.
The non-scaling non-L2 tech called Cashu is super cool nonetheless
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