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Outlet bed shop with pop-up stores across The Netherlands, pay in Bitcoin.
Replying to Avatar hodlbod

Here are some things I'd like to see from the Square/CashApp team for making this stick. I'd hate to see merchant adoption stall again, especially when we have to tools to make it an every day thing:

- Onboarding resources for "local guides". I am enthusiastic enough to actually go talk to the businesses in my area about accepting bitcoin, but a really crisp value proposition for businesses would be helpful (fees? UX? treasury?)

- A referral program for people doing the boots-on-the ground work of onboarding merchants *and* onboarding customers. Both sides of the market have to be developed at the same time, local "guides" are indispensable for stuff like this.

- A clear articulation of the value prop for customers. You don't pay card fees when you pay, and you have to pay fees to get bitcoin. What is going to make customers want to pay to convert fiat into bitcoin, only to give it away to merchants? There has to be a clear story here — maybe a 1% discount merchants can offer?

I think this is a huge opportunity to move bitcoin into "medium of exchange territory" that we should be sure to avoid wasting. If Square/CashApp can leverage the enthusiasm of local bitcoiners to help nurture the network effect, that would be a huge success. nostr:nprofile1qythwumn8ghj7un9d3shjtnwdaejuum0vd5kzmp0qythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0qy88wumn8ghj7mn0wvhxcmmv9uq3vamnwvaz7tmjv4kxz7fwd4hhxarj9ec82c30qyehwumn8ghj7mnhvvh8qunfd4skctnwv46z7ctewe4xcetfd3khsvrpdsmk5vnsw96rydr3v4jrz73hvyu8xqpqsg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q3gljvd nostr:nprofile1qyfhwumn8ghj7mmxve3ksctfdch8qatz9uq3vamnwvaz7tmjv4kxz7fwd4hhxarj9ec82c30qyghwumn8ghj7mn0wd68ytnvv9hxgtcpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgwwaehxw309ahx7uewd3hkctcqyzvrz5fj664celjqfuagq34cxdk4ghc5jjck8dhwdf3er3dwcfyvjunv3pq nostr:npub1ds3hmzemzgp9rsuvyvxqdk0y3uxnq9m903dktjxrvyfwk9w99t4sc2hzcn

nostr:nevent1qvzqqqqqqypzqpxfzhdwlm3cx9l6wdzyft8w8y9gy607tqgtyfq7tekaxs7lhmxfqyd8wumn8ghj7um9dejxjapwdehhxenvv9ex2tnrdakj7qghwaehxw309aex2mrp0yh8qunfd4skctnwv46z7qgewaehxw309ac8yetdd96k6tnswf5k6ctv9ehx2ap0qqsgl5ewfpy5k407dcsdtfygpq4q5gsf3sga5xjspuc9h0pnxqss0sqvy5u94

Good points

How do you believe so? I assume because enforcing strict transaction use requires more and more filters in the future? In that case you might be right. But I was referring to being conservative on the use case of Bitcoin. Not necessarily the code base. Although I would also be down to discuss and look for consensus changes to Bitcoin to keep arbitrary data out. I don’t know how and I too like the advantages of P2SH. But I like to think we have decades to think about this. That’s what I mean by conservatism. Not getting frustrated when seemingly good changes to Bitcoin are not there yet after years. That’s okay.

I favour conservatism and strict transaction use. I think it would serve Bitcoin better. That said, I would not bet on futures. Because I’m not putting funds on an exchange. And there is an easier option to show discomfort. Namely, choosing the more conservative node implementation/don’t upgrade for now.

The whole point is is to derail the rational debate Julius. Because there isn’t any. BSV went down the same path and got CSAM…. DON’T TAKE THE RISK! Get it? Just don’t take the risk.

I think that would be cool too and likely a good way to deal with storing arbitrary data on chain. And I would say if we want to go down that path, it would be good to establish an environment that is adversarial to arbitrary data in every stance.

A snippet from a relevant and interesting chapter in the book Something More Profound by nostr:nprofile1qqs2vl5cltej7ffq4et5mppxy56w0w2xyh8q6ns555xf0cmzcp4hwrspzfmhxue69uhkummnw3ezummwduh8yegpp4mhxue69uhkummn9ekx7mq3nd7sd , Chapter 6 Asleep, Tired, Or It Malingers: How Protocols Wither and Die, regarding the spam debate.

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The Usenet user experience was initially built around threads of conversations, but it didn’t take long for users to realize that a medium used to share and broadcast messages could be used to share and broadcast any sort of binary data, simply by encoding that data as if it were text. It wasn’t long after Usenet was first made available to commercial ISP users that new newsgroups under the alt.binaries. umbrella began to proliferate, with threads of dozens of messages representing pirated software and pornographic movies, encoded as text and split into multiple posts.

It was tremendously inefficient to share binary data in this way, but those inefficiencies didn’t impact the users; since the costs weren’t born by the uploaders or downloaders, but instead the newsgroup server operators — typically Internet Service Providers offering Usenet access to their users —alt.binaries traffic proliferated until the free riders had exhausted the resources made available to them. As the amount of storage required to maintain access to the alt.binaries newsgroups increased over the years, many larger ISPs decided that the Usenet juice wasn’t worth the storage squeeze, and stopped offering access to Usenet entirely. Smaller ISPs, desperate not to lose customers, found themselves racing to purchase high-end storage appliances to store all the alt.binaries data in a desperate attempt to keep the free rides going.

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I like what Coinkite built with key teleport. But sending private keys through it remotely worries me. I will never feel sure that both channels were secure and there was no MITM-attack. How could I be absolutely sure that I’m talking to the authentic person. Assume phone and pc compromised.

What authentication method do you use?

My profile picture, username and bio had switched to an old version. What happened?

Raspiblitz users, if you don’t want to wait for the next release to run Bitcoin Knots and you are not that tech savvy or confident like me, Paul Lamb released another great video on this: https://youtu.be/nRoAyZG2taE?si=csPh6CU-N0ScMWqZ

After that you can follow this video to learn about your node settings so you can change them the way you like: https://youtu.be/Ck4Rf1hX2is?si=LpI9iyeo-1Ng5txQ

Ooh yes Paul Lamb did it again! Great video’s too! Was waiting for Bitcoin knots on Raspiblitz.

Where is the translate post button? Might be good to onboard some of the freedom loving people from more oppressed countries!

Iemand stuurt mij wel eens Volkskrant artikelen over Bitcoin. De meeste hebben zo’n duidelijke mening, totaal niet objectief of van meerdere kanten belicht. Dit artikel daarentegen is schokkend maar informatief! Eindelijk, goed werk.