I set my domain as my Bluesky handle @wksit.com https://bsky.app/profile/wksit.com
This is one a major difference between X and Bluesky which is more decentralized than X and harder to censor and could become a global form of DID
Good article form 2010 great read.
"One of the amazing things about the internet economy is how different the list of top internet properties today looks from the list ten years ago. It wasn’t as if those former top companies were complacent – most of them acquired and built products like crazy to avoid being displaced.
The reason big new things sneak by incumbents is that the next big thing always starts out being dismissed as a “toy.” --Chris Dixon
Why do so many miss the biggest innovations and most revolutionary technologies sitting right in front of their eyes? Sometimes, like Bitcoin, it is such a drastic change, or solves something so fundamental, that many aren't even aware of the problem.
The next big thing will start out looking like a toy
https://cdixon.org/2010/01/03/the-next-big-thing-will-start-out-looking-like-a-toy
NOSTR WALLET CONNECT: A BITCOIN APPLICATION COLLABORATION LAYER
As the complexity of Bitcoin software and applications using Bitcoin grows, the need for a simple coordination mechanism for different applications to interact grows as well.
https://bitcoinmagazine.com/technical/nostr-wallet-connect-a-bitcoin-application-collaboration-layer
Lightning Channel Service -
BitFinex now offers channel opens using Blocktank’s service.
This partnership makes intuitive sense because exchanges have lots of coin available to lock up, making lightning channel opens a way to get some relatively-riskless yield.
Getting Started With Blocktank’s Lightning Channel Service on Bitfinex
Banco
This is a protocol on top of Liquid to do non-interactive atomic swaps.
A decentralized exchange that uses this protocol, allowing any liquidity provider to fulfill the offer.
Non-interactive swapping paves the way for KYC-less trades.
Banco: Non-Interactive Swaps
https://vulpem.medium.com/banco-non-interactive-swaps-00d042791e06
The Seven Characteristics of Money
Characteristics that a good currency must be and call itself sound money.
1. Acceptable (Lightning-Liquid)
2. Divisible (divisible by 8 decimal points, It must be divisible. Money should be relatively easy to separate and recombine without affecting its fundamental characteristics. An extension of this idea is that the item should be 'fungible')
3. Durable (15 years uptime, It must be durable. Money must stand the test of time and the elements. It must not fade, corrode, or change through time)
4. Limited Supply (Finite scarcity only 21 Million)
5. Portable (It must be portable. Money hold a high amount of 'worth' relative to its weight and size)
6. Uniform (Fungible, Being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind)
7. Stable
Finally, it must have intrinsic value. This value of money should be independent of any other object and contained in the money itself.
"This decision, which is legally sound, has the effect of declaring all private mortgages on real and personal property, and all U.S. and State bonds held by the Federal Reserve, National, and State banks to be null and void. This amounts to the emancipation of this Nation from personal, national, and state debt purportedly owed to this banking system. Every American owes it to himself to study this decision very carefully, for upon it hangs the question of freedom or slavery."~ Jerome Daly
"Usury, Your Bank, and You."Check out the original article at Usury, Your Bank, And You. https://konsensus.network/blog/Usury_Bank_You/
May your blockchain be strong and secure, your hodl be steady, and your store of value be plentiful in the new year! Happy New Year, cryptocurrency nomads!
Bitcoin—Benefits for Business Owners Merchants
“Discord, the once niche platform for gamers, has risen to prominence as a multifaceted communication hub. While its strengths in community building and real-time interaction are undeniable, a shadow of concern looms when considering its approach to user privacy. Despite Discord's efforts to balance functionality with privacy, several challenges remain, leaving users grappling with the true cost of convenience.
While Discord offers undeniable value for certain communities, its inherent informality, shifting demographics, security limitations, lack of business-centric features, and rampant identity theft make it risky for enterprises and businesses seeking to build and engage professional online communities.”
Gaming the System: How Discord's Sinister Sino-Controlled Algorithmic Symphony Plays a Discordant Tune
https://polynom.app/blog/review-of-discord-malware-and-sinister-algorithms
"This makes Bitcoin miners uniquely symbiotic with energy grids serving as “demand response” partners. If energy is ever in short supply, people get priority over Bitcoin miners. However whenever there is excess energy, it gets monetized. This symbiotic relationship leads to more energy abundance generally." -- Brandon Quittem
Bitcoin is a Pioneer Species
Exploring Bitcoin Mining Through the Lens of Ecology
https://medium.com/the-bitcoin-times/bitcoin-is-a-pioneer-species-38f42ecdbb88
This iMessage exploit is crazy. TrueType vulnerability that has existed since the 90s, 2 kernel exploits, a browser exploit, and an undocumented hardware feature that was not used in shipped software:
Operation Triangulation: The last (hardware) mystery
https://securelist.com/operation-triangulation-the-last-hardware-mystery/111669/
The malware it dropped looks like it has existed for 10 years, collects everything, and uses Apple's client-side image recognition.
"We’re less than a year from another halving, awaiting systemic implications from federal regulation and institutional adoption, standing at the precipice of an American primary election into which Bitcoin has irrevocably inserted itself."
There is no civil war when the barbarians are at the door.
THE DIFFICULT ADJUSTMENT
A call to arms for innovation, cooperation and a change in Bitcoin’s discourse to create the means for Bitcoin to fulfill its potential. From “The Primary Issue”.
https://bitcoinmagazine.com/culture/the-difficult-adjustment
“There is a Remnant there that you know nothing about. They are obscure, unorganized, inarticulate, each one rubbing along as best he can. They need to be encouraged and braced up because when everything has gone completely to the dogs, they are the ones who will come back and build up a new society; and meanwhile, your preaching will reassure them and keep them hanging on. Your job is to take care of the Remnant, so be off now and set about it.”
What is a remnant?
The Remnant are those who by force of intellect are able to apprehend these *principles, and by force of character are able, at least measurably, to cleave to them. The masses are those who are unable to do either.
*The line of differentiation between the masses and the Remnant is set invariably by quality, not by circumstance.
Isaiah's Job
BTC Curaçao 2023 Yearend Review
Xfinity suffers data breach, 35 million people affected
"Xfinity discloses data breach affecting over 35 million people"
How do everyday breaches affect your exchange accounts? Exposed data can be used to triangulate accounts on other sites. This can be especially problematic if you use the same password across multiple sites. Create unique passwords for each online account, and using a password manager can help.
Giving someone bitcoin for the holidays? Make sure it's a spendable amount.
Economically Unspendable Bitcoin UTXOs
UTXO management guidance for avoiding footguns (*A “footgun” is a feature designed in such a way as to be extremely likely to cause problems. It's a great word because it puts blame on the design, not on users.) that can cause issues during times of high transaction fees.
https://blog.lopp.net/economically-unspendable-bitcoin-utxos/
Market conditions fluctuate. Eventually, people willing to overpay transactions run out of sats. If you plan on giving BTC over the holidays, it's best to give at least 0.01 BTC (Current market price ($437.29) for viable spending in the future.
Shamir’s Secret Sharing is an underutilized technique for Bitcoiners and this is a great explanation of how it works.
How to Share a Secret (Shamir Secret Sharing)
Do Not Use Cloud Messaging!
For security and privacy reasons https://image.nostr.build/1ac4ca4de4ff225f1f11f1bf332660c4dad0c2c50d71eaf4c6287cf3863469db.jpg" class="embedded-image" loading="lazy">
Discord adds Security Key support for all users to enhance security https://www.bleepingcomputer.com/news/security/discord-adds-security-key-support-for-all-users-to-enhance-security/