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vnprc
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CTV+CSFS, Hashpool, Triangle BitDevs

Miners can't sign with other ppls keys. It sounds like you are advocating for joining the role of mining pool coordinator and coinjoin coordinator. To what benefit?

I think it is. This is more or less how monero works. It builds a fake blinded coinjoin for every transaction so blockchain observers can't tell who the tx originates from.

I think you mean payjoin? Coinjoin requires a central coordinator which introduces a point of failure when compared to plain old single-wallet transactions. Payjoin is better from this perspective b/c there is no central party but the sender and recipient still have to interact to construct the transaction, which does not work for offline receive. You want your cold storage keys to always be offline. I don't see this ever changing.

Getting miners in on the coinjoin is very interesting. You don't even really need to coinjoin, just charge a premium for a coinbase output. But it makes the miners a target for the state. They are already a target, do we want them to be an even bigger target? This invites a network level attack. I think we need decentralized mining pools first. nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk is working in this direction with Ocean, his new pool.

So fucking bullshit on all the mining pool disruption happening. This bit coin thing might just work out after all! https://ocean.xyz/about

Just like dice, the weak point in this scheme is loading the privkey into a computer to generate the checksum and/or pubkey. The galaxy brains at block stream have come up with a manual approach. https://www.secretcodex32.com/

Be unruggable. Use a pk that has never seen the interior of a digital computer.

Hand generated private keys are the next frontier of self custody. Pay attention to this space. 👀

They say everybody gets their corn at the price they deserve. Good luck in the bull rush. ¯\_(ツ)_/¯

Are you American? That's what bitcoin IRA products are for. Send them here https://welcome.swanbitcoin.com for the basics and here https://www.swanbitcoin.com/bitcoin-ira when they start to get it.

Swan is my employer but Unchained has a similar product, probably others. You can also go the DIY route and set up a self directed IRA manually. This has been possible since before the genesis block. https://blog.lopp.net/how-to-invest-in-bitcoin-within-a-tax-advantaged-retirement-account/

If they can get it done before ETF approval they should see massive gainz. It is obviously a risky strategy, must have conviction.

Maybe I was unclear. Buy bitcoin now to front run Blackrock. Once the ETFs are approved there will be a gold rush of institutional money. The family you mention will have to pay a much higher price. Your impact on the price is negligible (assuming you are not a billionaire lol).

What do? You front run Blackrock like any intelligent investor. Let them buy the table scraps. HFSP. Don't forget to say "I told you so" when Uncle Sam rugs the ETFs.

On a more serious note, keep going. Orange pill everyone you can but don't get too invested in any one person. Find the fence-sitters and nudge them in the right direction. Maximize your efforts. Stay on your grind. 🤙

Is this the real Wei Dai? If so, mandatory follow. Fucking legend. https://twitter.com/weidai11

I asked for a cyber Monday discount code at the register. They did not have one. :(

I responded with a heart emoji but this time it carries a different meaning.

Replying to Avatar Jeroen ✅

nostr:npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424 and I have bet 100K to not talk about anything Bitcoin related for a month and you can be our referee! No orange pilling, no sats, no lightning no price predictions, no nothing. We start now and end on Dec 31st 00:00 PT. Lfgo! 😜🤫

No orange pilling? Couldn't you just grow a mustache or something?