#NGMI

Sometimes I wonder how did we humans survive. 🤦🏻‍♂️ I am going to start putting these in a hashtag but not sure what to name it yet.

bitcoin mining is centralized

My Umbrel is back to running normal with an uptime of 9 days. It used to reboot daily. I didn’t change anything. And nothing was updated.

This is a good reminder that other means are possible. Have you seen any recent progress with CivKit?

The real problem with mining is 35% of the hash rate is controlled by public, regulated US miners on a KYC pool who 100% will censor transactions if asked to.

It's an actual 51% attack happening in real time.

We cannot allow this

Love to see it.

I was part of a conversation earlier today about what it means for Lightning payments, specifically remittances, to actually be “available” in a particular country/territory. Is it enough that the app is in the App Store(s), or is it only complete when off-ramps (read: banking relationships) to local fiat are established?

What does success look like?

Sometime greenies mourn the fact that we have polluted the earth with radioactive particles that can't be all collected and cleaned up. And they think about how toxic some of them are, and how long some of them will last.

Here is my thinking on the subject.

All radioactive material is made up of atoms. Each atom has a half-life. Either it decays quickly, or it decays slowly. If it decays quickly it turns into something else which might also be radioactive in which case you just consider that atom instead. If not, well, you are done, the radioactive-ness has decayed away. So just wait a while and all the radiation problems will go away on their own.

Greenie: "But what about the atoms that don't decay quickly?" Well, you don't have to worry about them because they are barely radioactive, they decay so slowly that they present very little threat.

This logic isn't flawed, but it does skirt around some things.

If you have a large amount of long-half-life material, it can be dangerous for a long time. And if you have a large amount of medium-half-life material, it can be really dangerous for a medium time.

In those cases, the answer might be to dilute the material. Because it is the concentration that causes the radiation risk. Mix it in with dirt, mix that dirt in with more dirt, then bury the dirt. That seems to some like you are poisoning the Earth, but the Earth gave us this radiation in the first place, usually as Uranium. It already has dilute radiation. If you dilute well enough, it should be fine in terms of the radioactive issue.

The final thing I'm skirting around are the chemical properties of medium to medium-long half-life materials. Some of these things have weird toxic chemical properties independent of their radiation. So... um... don't eat them.

And have a nice day!

i am once again reminding ppl that the only metric that matters for mining equipment is approximating Hashes/Joule

44? But we were just at 42 yesterday!

Let us at least catch our breath! 😅

Could argue they are actually the same abstract concept

could argue decentralization is the value prop and censorship resistance is a byproduct 🤷‍♂️

You need scarcity/programmed supply for the censorship resistance to matter though. Who cares if you can send value to someone w/o permission if that value can be obliterated in an instant.

You may not like it, but censorship resistance is the value prop. Everything else follows.

Germans like room temperature beers as well… at least that’s what my ex wife told me, maybe she lied to me 🤣 but I saw people on busses opening beer bottles from the backpack with 34 degrees outside!

lol