Just to steelman, do you think people were saying a 10 trillion dollar debt was unsustainable as well? What about 15, 20, 25, 30?
Eventually it will be, the point is, I don’t think anyone has a clue when the hammer will drop
Feels like quite the tug of war. Macro/recession + high interest rates + QT vs. halving + etf + fasb rules
Also listened to Willy Woo recently on nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx pod and his take of the paper markets suppressing spot price is depressing
Fingers crossed we eventually improve privacy at a protocol level for bitcoin
What makes you think exploiters have not been selected by evolution?
I would have bet a lot of money you’d be on nostr:npub1235tem4hfn34edqh8hxfja9amty73998f0eagnuu4zm423s9e8ksdg0ht5
Oooofff. Going to have to figure out how to get more of these into people's hands, they are just too good. https://nostrcheck.me/media/public/nostrcheck.me_3587185080450089961695148832.webp
I volunteer as tribute. Would love to buy one
We’re talking long-term bitcoin savings here. For a bitcoin account that you spend more frequently from and store not as large of a balance, you can make a good argument for using an SE-equipped wallet. But for your long-term stash… If you secure your bitcoin using an SE-equipped device, you will still always need to keep an analog copy of the private key as a backup for the digital copy, right? So now you have two copies of the seed / private key to protect, and what do you do with both of them? It doesn’t make sense to store the seed with the HWW b/c what if fire/flood/etc? So you need another location. But you just don’t want to leave a bare, unprotected seed in a safe deposit box or other remote location (unless perhaps if its part of a multi-sig setup), so then you likely end up adding a BIP39 passphrase to the seed to protect it. But the goal of the BIP39 passphrase is to protect the seed, which is also the hardware wallet’s job, and then using the passphrase with the hardware wallet is overkill and a pain with most HWWs. So why not just let the analog copy of the key be the only copy of the seed you need to worry about, because again, this is your long term savings and you won’t be accessing the key very frequently. Now think carefully of the best way to secure that key — maybe you do add a passphrase? Or maybe use it as part of a multisig quorum where you have redundancy in case a key is somehow lost or stolen. Not all bitcoin storage use cases are the same, and I firmly believe our model makes much more sense for long term saving. More info at:
https://seedsigner.com/seedsigner-independent-custody-guide/
I’m not sure why a 2/3 multivendor, geographically distributed multisig where the steel backup is stored with the respective device doesn’t work.
So I have three locations, two of which must be compromised to steal funds.
It’s the same thing as a 2/3 seedsigner multisig, you have to find 2 of my locations to steal funds.
I prefer the multivendor setup in case of some unknown unknown I can’t predict, and seedsigner is great choice for one of the three.
You may get some value out of this if you have an hour to spare:
You just gotta quote some ludacris next time they do it:
Yeek yeek! (woop, woop) why you all in my ear?
Talking a whole bunch of shit that I ain't trying to hear!
Get back motherfucker, you don't know me like that!
It’s quite funny how many folks love him right now.
I guess being brash, articulate and under 75 is good enough, no one cares to dig into the details.
Absolute scam artist
nostr:npub17tyke9lkgxd98ruyeul6wt3pj3s9uxzgp9hxu5tsenjmweue6sqq4y3mgl
I want to build my own seedsigner but don’t want to/know how to do the hammering/soldering things I read about ~1 year ago when building.
Is there an easier way to build today that doesn’t require that?
I think in the western world, many would argue an S&P500 index fund held in a vanguard account would do what you said. It’ll generally hold its value, is accessible via a phone call to broker or a computer and password (sell some shares and withdraw cash from an atm anywhere in the world), and you probably won’t get rugged.
Sure it will have fluctuations in value and you could get rugged by the US government and/or broker, but the odds of that seem quite low (maybe as low as the US trying to ban bitcoin).
I personally believe Bitcoin has the best characteristics AND also huge asymmetry which is why I hold it, but just trying to steelman why a boomer would and probably can be satisfied with his ‘diversified’ equity portfolio, at least for the remaining few decades of his life.
Ross Ulbricht is condemned to die in prison for creating an anonymous e-commerce website called Silk Road. An entrepreneur passionate about free markets and privacy, he was 26 when he made the site. He was never prosecuted for causing harm or bodily injury and no victim was named at trial.
This October he will have served his 10th year in prison.
•
The first auction of 5 of the 21 originals will take place next week (19/09) and will be held by Scarce City.
90% of the proceeds will go to FreeRoss.org
#FreeRoss https://video.nostr.build/fdd04abf6747f72bc51c687ffd55e6a216bdcb1207271ee879054c3a4320747c.mov 
I’m not well versed in the details of Silk Road, but didn’t he order hits on people?
And yet the supply side doesn’t matter if demand isn’t there.
It blows my mind that Bitcoin is around 25k when there are such high odds of etf approval in 2024 (likely q1).
Who is not dumping everything they have in right now leading up to that?
Or is the etf just another sell the event situation where those who want btc already have it
Shrug
It’s odd that many of the mass produced brands in the US add things like palm oil to their peanut butter, also sugar
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub1klkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qulx3vt nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu nostr:npub1tr4dstaptd2sp98h7hlysp8qle6mw7wmauhfkgz3rmxdd8ndprusnw2y5g nostr:npub1hea99yd4xt5tjx8jmjvpfz2g5v7nurdqw7ydwst0ww6vw520prnq6fg9v2
Have you checked out the book “Tracers in the Dark”?
Pretty crazy what Chainalysis has been able to do, including allegedly deanonomyzing wasabi mixes and being able to track IP addresses of nodes (even those behind tor?)
I wonder when we in the bitcoin community will take privacy more seriously and use the tools and prioritize building better ones as privacy and fungibility seem to go hand in hand to me.
nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu I’m glad the author of the book got commentary from you at the end and squeezed in your pushback against the chainalysis folks at least for a couple pages
Nice, I’ll grab one with 8gb in that case and then buy a 2tb ssd.
Thinking of running mynode or start9 on it, do you have any preferences?