Particularly as part of a multisig quorum, they are fantastic.
Different trade-offs for different situations. I am not in a place where it is difficult to get my hands on a dedicated hardware wallet, such as a ColdCard, but for those who are in such a jurisdiction, by all means take advantage of the fact that the Seed Signer uses hardware that is available for general purposes.
Interesting. What does it have to say about Bitcoin, I wonder?
There's no "let it happen" or "don't let it happen" in Bitcoin. Luke can do what he wants with the blocks his pool mines, and anyone who disagrees with him won't mine on his pool.
As long as there is a substantial amount of miners willing to include Ordinals in blocks, then there is no way to ACTUALLY censor them. So far, it is looking like that will be the case for the foreseeable future, since OCEAN is the only option for taking a firm stance against including Ordinals and yet they haven't attracted even 1% of the hashrate.
It's the same thing with OFAC sanctioned transactions. As long as there's a substantial amount of hashrate out there that won't exclude them, they will make it into a block.
For being an "attack on Bitcoin" it's a pretty pathetic one.
They haven't found a block since the 3rd of the month, and no one can point to a single transaction that was effectively censored (was never confirmed into a block) due to their actions.
Point your hashrate elsewhere and get on with your life.
nostr:note1k4765svkcg0qgzrea208qcp98vhj80gph62a6e4hr9pnhz3clhmsrkmla5
Have a storage unit that is the same way... Check only. So frustrating.
This episode of TFTC was interesting, if for no other reason than hearing a very different perspective on the prospect of Bitcoin ETFs likely getting approved in the near future.
There is MUCH to disagree with, and it highlights just how much work we have ahead of us. Yet, it it also gives a clear view into how mainstream investors will likely view Bitcoin ETFs.
https://tftc.io/the-etf-will-push-bitcoin-to-500-000-with-fred-krueger/
I am pretty sure the point is that he can't decide it unilaterally. He can only decide it for his mining pool, and anyone who disagrees can mine on any other pool.
This was a great read with a great points about the rights of miners to include or exclude transactions using whatever criteria they deem best. Those who disagree, which seems like plenty of folks out there, will simply point their hashrate elsewhere.
Running mine damn quiet at 800W and a fan speed of 55%. Replaced the stock fans for the recommended Noctua 140mm fans. It's as quiet as my regular wall heaters, if not quieter.
An argument against OCEAN filtering out inscriptions that I have been hearing is, "If they pay the fee and don't violate the consensus rules, they shouldn't be censored."
Setting aside the fact that one mining pool with a pittance of hashrate can't censor anything if they tried, doesn't this argument cut the other way, too? So far as I know, the consensus rules entirely permit a mining pool to include or exclude whatever transactions they like from a block, so long as they succeed in finding a valid hash. There is NO consensus rule that requires miners to maximize their short term profits by using sats/vbyte as the sole determining factor for what transactions they include.
I am more of the opinion that yes, Ordinals and the other BRC-20 garbage will get priced out of Bitcoin's real value proposition as sound money, but there is also nothing wrong with a mining pool deciding that they don't want to participate in perpetuating their existence in the meantime.
Recognizing that inscriptions will almost certainly continue to be included by other pools, yet they have the right to say, "Not in the blocks we mine, and anyone who agrees with that stance is welcome to mine with us. If you don't, that's fine, too. There are plenty of other pools that would be happy to have you."
Spinning up a node on a Start9 right now. Got a good tutorial to point to for setting it up with a lightning address?
ThEy pAiD tHe fEe, sO iT's nOt sPaM!
Oh, I 100% think this garbage is going to be a fad and loads of folks who bought into it will get rekt.
I am also 100% fine with OCEAN deciding not to include this junk in any blocks they mine, particularly given that all the other pools are still going to include them.
However, I said this over on the former bird app earlier today, and it still applies here:
Bitcoin is about separating money from state.
NFTs are about separating fools from their money.
Best we discourage mixing the two.
Please make them stop censoring all the so-called spam! We shouldn't have to wait an additional ~10 minutes for a different pool to find the next block so we can have masterpieces like this forever inscribed to the blockchain!
My daughters 100% agree and are interested in reading your script. lol!
Introducing EXIT
You broke up with your ex; it wasn’t treating you well, maybe it was shadow banning you or your friends; it was manipulating you into becoming your worst possible self.
But over the years you accrued a bunch of quality shitposts, and perhaps some nuggets of wisdom.
Introducing: https://exit.pub:
The last bridge you’ll need to port over your data into the new world of decentralized freedom-tech.
1. Download your twitter archive
2. If Elon agrees, you’ll get a zip file; uncompress it and just use exit.pub to import your data into nostr
✅ original dates are used; whatever you posted in 2009 will show up as posted in nostr in 2009
✅ granular control of which tweets to import (threads, non-replies, replies)
✅ V4V, you choose how much your shitposts are worth
✅ it *should* preserve embedded images
✅ granular control of which relays you want to publish to
Try it out:
That was ridiculously easy to do! Thank you so much nostr:npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajft!