#Bitcoin relies on miners for security. Miners are driven by economic incentives. As rewards are reduced we’re currently counting on fees to go up in order to keep miners going. A busy mempool is therefore a good thing because the only other options for long term security of #Bitcoin involves rather drastic measures imo.
Will I see you at DefCon 24?
TUI all the things!
Node hardware upgrade! ⚡️⚡️ 
Is nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m still working on a hardware wallet?
Fix the money, fix the world!
“Bitcoin Is Venice” is one of the best articulations of Bitcoin’s value proposition. Up there with the Bitcoin Standard.
The US is positively screwed until they can reduce spending. That will never happen since neither political party is willing to cut military spending at all, which alone accounts for about 19%, only second to social security.
Holy crap. Did Google just successfully pressure Apple? Apple to integrate with RCS.
https://9to5mac.com/2023/11/16/apple-rcs-coming-to-iphone/ nostr:note17xj2wpgrny5ch5klvu70xtmm9vmm3zdyexggx96ykne62wan8zgqsp39dp
Probably a counter to EU litigation against Apple and its use of iMessage.
Not sure I see how on chain tx’s would be so expensive that moving life savings into cold storage would be impractical.
Apple finally fixed the lock down mode app exception bug in iOS 17!!
Ok, time for a non-Bitcoin related rant. Why do nearly all new laptops suck so badly? It seems most OEMs pursue the same recipe at the moment. Shove a terribly inefficient power hungry Intel CPU in a chassis that is way too thin, pair it with a puny
cooling solution that has no way of keeping up, slap on a 4K power hungry display and call it the day. Dell, Lenovo, Asus, LG, etc are all guilty of this. They brag about how thin and light their laptops are and how they come with an Intel Core i9 CPU and dedicated Nvidia graphics. They conveniently forget to mention that your ears will bleed from the fan noise, that you’ll be able to cook your dinner on the laptop chassis, and that the minute you unplug the power the CPU will throttle 20-50%. They also won’t mention that in order to achieve such a thin design, the keyboard travel is essentially 0. Somewhere along the line everyone just forgot about the basics that make a laptop good. I’ll give honorable mention to Apple and their MacBook Pro lineup. Slightly thicker devices that thanks to their ARM architecture can basically deliver class leading performance even on battery power with the fans or even turning on in most use cases. But since I can’t stand MacOS the laptops are not for me.
Just discovered https://tipybit.com/
Super cool little web app for accepting Lightning tips/payments.
Lume new release and future plan ❤️
Yo, I've just released Lume v1.2.0 for Linux and macOS. You can try it out now. (Due to a Tauri v2 bug, I will release v1.2.0 for Windows later.)
https://github.com/luminous-devs/lume/releases/tag/v1.2.0
Unfortunately, Lume is still very buggy, and I do not believe it is ready for daily use. Therefore, I have designated it as "beta," and I will not be adding any new features in the upcoming release (expected in 1-2 weeks). Instead, I will focus on improving the current features and performance. My original plan for the next release was to include NIP-44 and Group Chat.
Regarding the future plans for Lume, I have a few things in mind, some of which are just ideas, while others I will be implementing:
- Multi-theme system: Users can choose and install themes created by the community. Theme authors can set their themes as either free or paid (with bitcoin).
- Extension/Plugin/Mini app (I am not sure about the final name): Similar to the theme system, users can enhance and extend Lume's features by installing community "plugins." I have a few plugin examples in mind, such as adding SimpleX chat to Lume or adding AI features for auto-generating content.
- Lume Relay: The Lume app can also function as a Nostr relay, this is just an idea and I haven't given it much thought yet. However, I imagine that Lume could act as a relay and be added to a user's relay list metadata (NIP-65). When other Lume users (Nostr's users) want to obtain information from a previous user, they will first look into the user's relay.
These are all the major plans I have for Lume. While there are still many other things that I have not described here, I will introduce them in the future.
In the next day, I will apply for a grant from Open Sats. If I am granted the funds, I will expand Lume's team (currently only consisting of myself 😅), which will allow me to work faster. If I fail to receive the grant, I will still continue to work, but at a slower pace 😁.
To be honest, I don't have advanced skills and have never built anything significant before. Lume is my first project being released as open source. Despite this, I will try my best and see what happens next.
Looking forward to a flatpak ;)
Mechanical or digital watches? Go!
Right, but it’s still possible to envision a solution where the banks are liable for lost funds. Just like gold custodians will be held liable if they lose your gold.
I trust the banks more than my grandma to keep the keys safe, yes. They have large security teams that could be dedicated to key management. And insurance solutions would be put in place so that your funds would be replace should they lose keys.
Again, I’m not advocating against self-custody. It’s the only option for me. But if we want Bitcoin to be more than a niche, we need to accept that custodial solutions will be a thing, and probably the safest bet for most people. Just like most people have their savings in a bank and not in cash under their bed.
Agreed. But it’s just not realistic to expect everyone to manage their own keys. I wouldn’t trust my grandma with storing her seed phrase safely, nor how to use it. Or even understand asymmetric cryptography. Banks will still exist in the future and will (hopefully) provide #Bitcoin backed services.
If we want #Bitcoin to gain mass adoption, the community needs to be exclusive and welcoming to everyone. Don’t shame people who keep their Bitcoin on exchanges, self-custody can’t be the only way.
Also, mass adoption won’t happen on Rasperry Pi nodes and retail DCA’ing alone. Big institutions are coming, and that’s probably a good thing.
I’m super excited for the future! In the meantime, let’s keep building, educating and sharing ideas!