Avatar
modulo
b819d50fad4201f5f6479f9800c8a1b35b8f7d3ac6e1cc5f71686b61d1502641
₿ a threat through good works Bitcoin Purists OnlyZaps Activate!

I did a quick napkin calculation and if the chances per block are 0.01978% and there are 6x24 = 144 blocks per day, that works out to 2.8% chance per day. The bottom line of 0.1 years looks right, though

#bitcoin

They are protecting him against a default by #Coinbase. How honest and thoughtful

#bitcoin

Don’t forget this man

He did not need to die

#gaza

Best.Shirt.Ever.

Seriously, it’s that good

#freesamourai #bitcoin

https://ungovernablemisfits.com/shop/freesamourai-t/

Replying to Avatar Freakoverse

I'm trying to think of how can I get normies to use a nostr client , to 'register' and 'login' without having them download a nostr extension or app signer, or needing to trust a a bunker service.

Thoughts on:

- Just a login screen/page/popup.

- Login with extension, or with remote signer, or with bunker, or with email+username+password combo (this would be the main/top method).

- With that email+username+password combo, it would generate an npub/nsec pair with a standardized script.

- Users can use this combo to always login to the same npub/nsec pair.

- This is generated/stored/used locally

- It's unsafe, but more safe/convenient and intro-friendly for normies than 'click to generate address pair', as its a familiar feeling

- The user still maintains custody

This is basically similar to a bitcoin mind wallet.

This should be used as an optional intro for normies, but clients should definitely show prompts mentioning that this is not advised/optimal and they should create a new account using an extension or remote signer, etc.

(a quick visual representation. There'd be just a "login" button in the navbar or app, and they'd see this. It's missing text that warns the user that this wouldn't be advisable). This seemingly less daunting for a normie user, I'd assume)

It's be an interesting 'temporary' option as a buffer for transitioning normies to the proper process of nostr.

It's the more secure and more convenient version of a brain wallet, but still bad and we'd constantly remind users to switch/move accordingly.

Thoughts?

#nostr #nostrdesign #asknostr

This is a tough one. #normies should try to bend their minds enough to know the key pair is the future. Whether #nostr or #bitcoin and the sooner they understand it the better off they will be

But if the constraint is no external key generation mechanism, then alternatives like limited access until a key is submitted or depending on the client keyless involvement similar to buying airplane tickets without accounts?

For new #bitcoin #plebs wondering what October 2021 was like… watch out for the feels https://video.nostr.build/5c5937740c7aada5d0f0dba8f822c077ea3ee45e30a381f9121eb998acbd2c94.mp4

I was thinking along same the other day: If growth of a business’ value is just growth of population then investing in stocks is just momentum and timing unless it is an investment in something novel and new (#bitcoin industries, SpaceX, fusion development, etc.) nostr:note1kg5gcwka22v0kg9xgxj75jgrfyk0srvzmathhyr0qvvlm8hdt4qst35ktt

One of the many beautiful things about #bitcoin #mining is it creates predictable load. Electric utilities normally have to forecast and plan for load growth and generation over years or decades

#bitcoinmining creates demand for energy right now, utilities create/source generation and as the halving reduces rewards and organic load arrives to the local grid, generation transfers from miners departing the area to new residential and commercial arrivals

Replying to Avatar Aubrey Strobel

Nic Carter just dropped new information behind Silvergate’s collapse. I read the 8,000-word piece so you don’t have to (but you should!)

Key points: At its height, Silvergate held $14.2B in crypto deposits—99.5% of its total. Its SEN network was crucial for fiat-to-crypto settlements.

But in 2023, a 15% cap on crypto deposits quietly strangled its ability to operate, leading to a rare “voluntary” liquidation—the first of this size since the First National Bank of Keystone in 1999. *It basically never happens.* 💅

While FTX and Alameda used Silvergate, the bank had no direct knowledge of any wrongdoing at this time. The bank simply processed transactions as it would for many other major firms.

It’s important to note: Silvergate was never found guilty of any illegal activties. Zero.

Regardless, Senator Warren’s public criticism and tweets created panic, triggering a bank run.

Deposit outflows + rising interest rates + new 15% deposit cap caused Silvergate to sell its long-term bond portfolio at a loss, and contributed to its liquidation.

What makes this story and Silvergate’s collapse ~unique~ is that it chose “voluntary liquidation” (again it’s v rare/hasn't happened in 25 yrs) instead of the usual FDIC receivership, suggesting… operation choke point behind the scenes.

According to this piece, Bharat Ramamurti, a key Biden advisor and former aide to Senator Warren, is *rumored* to be behind the 15% deposit cap.

This is more than just one bank. It’s ensuring that regulation is fair & transparent, not a tool for dismantling US industries in the shadows.

Must-needed piece of journalism.

https://www.piratewires.com/p/inside-biden-admin-plot-to-destroy-silvergate-and-debank-crypto-for-good-nic-carter

Good article. If I were an empty-pocketed #silvergate shareholder right now I would get the nastiest lawyer and launch a class-action lawsuit going against the executives personally who complied to the illegal 15% cap secret mandate. You can’t win against the govt but business execs have a responsibility to do right with investor funds

Privacy is not resilient—it is a beneficial non-equilibrium state

Privacy requires effort and energy to maintain

Practice operational security (opsec)

Private keys protect your wealth and your identity

Use a private key that has not touched the internet

#bitcoin #nostr #kycistheillicitactivity #freesamourai

modulo.network/key

The metric is trailing and IMO weighted insufficiently to be predictive or useful. Price goes down and it tells you price went down. NgU and it tells you number went up🤷

#asknostr #askbitcoin #bitcoin

There was a woman who was an ex-banker or ex-financial analyst who got into #bitcoin maybe around 2014, and published a website with some novel future products (maybe 10 ideas?) that #bitcoin might develop into in the future

Anyone suggest her name? I have forgotten it.