nostr:npub1vadcfln4ugt2h9ruwsuwu5vu5am4xaka7pw6m7axy79aqyhp6u5q9knuu7 built a cool new way to prove you own X btc without doxxing the UTXO. Let's gamify the size of your stack. You know...for science.

Interesting. Why is the mayo yellow? You mix it with something? What else is in the pan behind the sausage?

gm gary

cup of mayonnaise? 🤨

gm jeff

Same, 4 sat fee. Seems that everything works. Could use a better error message.

Honestly, I don't know. The only way to 'solve' the problem is by shaking out the weak hands. Naked short sellers need to get rekt. When that short seller is Blackrock, how many dirty tricks do they have up their sleeves to avoid getting rekt? It's gonna get real ugly. The bitcoin price will be manipulated. People selling real bitcoin will get a watered down USD price thanks to uncle Larry's shenanigans.

As we move from a dollar standard to a bitcoin standard the ETF arrangements will become more and more onerous. Eventually the USD will fail and then everything changes. Impossible to make predictions about what happens after the chaos starts. It will be a disorderly dismantling of the existing system and a mad rush to safety.

I sincerely hope Blackrock does not survive the transition but my inner cynic knows they probably will.

https://twitter.com/TylerDurden/status/1790941726544478602

paper bitcoin is here

Yeah I only say that when when my lovely little turd factories get on my nerves. I always start with a rational explanation. If they wanna push their luck we can go the fiat route, but its not my first choice. :)

It means ' by command' or 'because I say so'. The 'I' in this case being the state.

When you tell your kids no shoes on the couch this is rulemaking by fiat. When the state tells you what money to use it's fiat money.

i got on it and rode away like a bandit

gm

lesson in there nostr:note1rythdrfsezsjzy2klslfaqy50rs8prpgal9qhvz0uq67rwyw0cvqsyhk07

welcome back :)

That's what i'm talking about! I will dig in and give feedback.

ngmi unless you inscribe your DIDs \s

Yes to everything in this thread. Passkeys sound nice on the surface but I am very skeptical of the protocol complexity and perverse incentives of big tech companies driving the effort.

I believe nostr is the best model but we have so much more work to do to properly secure, make available for signing, and rotate private keys.

Also, one last thought. The kid in the interview is exploiting boomer information asymmetry. The folks getting hacked A) trust random strangers on the phone and B) have little or no awareness of the security models they are operating under. The hacks will continue until a generational shift occurs that closes these gaps. This will absolutely limit the growth of cryptocurrency and bitcoin in particular. You witness this phenomenon in action every time someone voices the belief that crypto is all scams. These people are directionally correct, but they don't understand the root causes. They also don't understand the extent to which the legacy financial system is all scams. It will take a long time for these biases to fade. Mostly, it will happen one death at a time.

The most cultish bitcoiners lump 2-4 in with 5. These people are retarded. You should not listen to them lol

nostr:nevent1qqsxpemg4qqsrqqelte20nlrs55pgzvpydx889f9rgu48szf6ax8wkspz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzp5c99j3784frk8kgqec7kxa6q5t69afzux2h0rwg8hgr4rvy59cwqvzqqqqqqy22suhg

Text version for autotranslate:

I think there's basically 5 taxonomic groups of cryptocurrency:

1) unstoppable hard money - btc, there is no second best

2) Smart contract coins - eth, solana, etc.

These guys are building digital wall street basically

3) stable coins - USDT, USDC, etc.

incremental technological improvements on existing fiat currencies (99% USD)

4) privacy coins - monero, zcash, etc.

Untraceable on chain privacy

5) scamcoins - doge, nfts, dentacoin, and pretty much everything else

Pump and dump schemes to separate fools from their money

nostr:nevent1qqsvvgt7havkywp7qm2ssd7ghsclrwxxtg6h67fswrjpnh2vwd4wu0cpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzp5c99j3784frk8kgqec7kxa6q5t69afzux2h0rwg8hgr4rvy59cwqvzqqqqqqyg44ah7

The drum beats louder.

nostr:nevent1qqswru5y0vqc3rlmwk4rvl50em65gjpfmacqmj2rsl0e3vn58s7ummspp4mhxue69uhkummn9ekx7mqzyrfs2t9ru02j8v0vspn3avdm5pgh5t6j9cv4w7xus0ws82xcfgtsuqcyqqqqqqglvxu6x

nostr:nevent1qqsxx2flf6upy2zh09pgm6dj5e5cj22w949ekpn64achmna7a495k8cpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzq5xeflpdskqvdq4swxj59793uvdzqzc9pzatjk3nhmcg2h0js8trqvzqqqqqqyerhkmx