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Hanshan
f985d309197c805e1719c73185b574fc3ee407d7c1b6157dee99c6ace2599bbb
Life is short and lonely. Do not be a slave to sensory gratification. People improve through making mistakes. Free people make their mistakes faster. Nostrich since 761114.

where is your source for parts

i haven't decided what to build yet since I live in the middle of nowhere.

but Id love to investigate if theres someone to connect with (over radio?), any tips?

New Years certainly has tradition and deep cultural relevance for many.

and it's good to change the oil when the odometer rolls over 😂

Reticulum is fucking awesome

We need a networking stack that doesn't rely on large ISPs. They are a fundamental choke point and kyced gateway.

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I guess you've never lived in Asia

or maybe you're just hooked on hopium

Replying to Avatar waxwing

Warning: do NOT use travala.com any more, if you did.

They directly stole my money.

Here is my response to the customer service agent:

(Customer service agent),

> Sorry for the delay, im ahmed from compliance department, for refund or either processing the booking, the verification is a mandatory step, we require the minimum and basic info for that, and you can pass it easily through the following link :

Let's establish the facts: I have been a regular customer of Travala for years, have done probably a hundred or more bookings through your site - mentioning this *not* to claim some status as a customer (which I do not want, and do not have), but to point out that ZERO times on the website or through any of those transactions was it mentioned that you could simply keep my money and provide no service - i.e. STEAL my money - if I did not pass a verification process -handing over extensive and intrusive personal documents - that you never documented anywhere. And indeed for this booking, again, no such advance warning was given.

So you (that is to say Travala, not you personally!) act exactly as a kidnapper: to give me back the money which is mine, you insist that I hand over security sensitive information. Which I will not do. There are an endless stream of documented violent theft events of cryptocurrency holders, so spreading one's personal information is stupid, and any claim you make to "keep my data safe" is ridiculous, given the equally endless stream of reported hacking events. I do not trust your company with my personal information because I don't trust *any* company with it.

I have been doing Bitcoin development work for over a decade, I will make sure that a lot of people in the community know that Travala steals its customers money, directly, with no apology.

Feel free to pass this message to any management, I would appreciate that.

(me)

oh shit

thanks for posting this.

I've used them less and less and will stop altogether now.

anxiously waiting for ANY indication that there will ever be enough P2P value exchange for chain analysis to be meaningless

serial numbers of bank notes are recorded in "all kinds of databases."

like where? name one. when was the last time you accessed it?

when have you EVER compared a bills serial number to anything anywhere?

OTOH i know exactly what database your UTXOs are recorded in and I accessed it an hour ago. if you show me the "note" i can examine its history in a few minutes.

pretending like those two things are functionally equivalent is fucking retarded.

"BuT bANk NOtEs hAVE sERIal nUmbERs"

doesn't say shit about Bitcoin UTXOs. use your fucking brain.

a 100k sat UTXO from an OFAC sanctioned address is NOT value equivalent to a new 100k sat UTXO from a miner.

people pay a premium for rare sats, coinjoined UTXOs are rejected by exchanges etc...

the market does NOT treat UTXOs as fungible like cash. precisely *because their history is known and accessible.

yet you continue to assert UTXOs are functionally cash equivalent, and say thats its ME who's out of touch with reality 😂

nostr:nevent1qvzqqqqqqypzp7v96vy3jlyqtct3n3e3sk6hflp7usra0sdkz477axwx4n39nxamqy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7qgswaehxw309ahx7um5wghx6mmd9uqzqmzvz9dsy7u9hfhsa56du5a3ax4qjzpm5uaplvxc4hdtryyg2n3lj8kzt6

pretending like you've actually made a consistent argument lol

instead of leaning on an AI that actually told you "fungible money has to have indistinguishable units"

so you pretend utxos are equivalent to cash,

which I refuted.

then just repeating "you're wrong."

now you "repeated the established definition of fungible money" somewhere.

which you didn't.

"wrong because reason I cant explain" 👍

this is where you repeat the dogma from the holy book so your faith isn't challenged by heretical ideas.

be sure to ask Saifedean for confession after making contact with one of the Unclean.

lol

cash bills ≠ UTXOs

cash bills are all different because they have serial numbers obviously,

but they're *treated as fungible* by the market because the serial numbers are useless to practically everyone.

so in practice, fungible.

the same is NOT true for UTXOs, since their uniqueness is public on the blockchain, accessible by all.

this is not complicated and you look stupid pretending it doesn't matter.

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okay I thought about it a little bit more.

I should know better than to be so dismissive of your opinion lol.

Even if chain analysis assigns a risk score to every UTXO, if the market treats them as equivalent, then they are still fungible.

so rather than seeing things as black and white like I was trying to do, we should look at the market dynamics

🙏

I hate to break it to you son

Bitcoin is the long evolution and synergy of different technologies. it's extremely well designed but it's not perfect.

it's certainly is an an expression of any universal truth.

as long as you don't see it as something designed and created by people, you can't actually analyze it in an intelligent way.

both great tools

but neither make UTXOs of equal value *indistinguishable.

you should read the things you post

"Fungibility refers only to the equivalence and INDISTINGUISHABILITY of each unit of a commodity or other thing with other units of the same thing..."

if you can DISTINGUISH between utxos of the same value,

they are *not fungible by definition.

Have a Happy New Year nostr fam ❤

nobody said that.

risk analysis is not just looking at the worst case scenarios either. it's about making intelligent decisions based on the available information.

I don't live in a bunker in Idaho because there *might be nuclear war.

and sometimes existing in the shadows is a better long-term survival strategy then getting Wall Street involved.

that does help me understand what your point is, thanks.

but I still disagree that it means that there is zero friction.

it's true that legal protections are not to be counted on. but neither are they completely irrelevant. whoever the adversary might be (and without knowing who that is we can't calculate risk can we?) isn't just co-opting Google and Amazon compute arbitrarily.

I understand that you mean that there is *potentially zero friction*

at the point where they have taken the gloves off and want to destroy you.

and that's worthwhile knowing. it's just not the actual situation right now.

but it's certainly worth reflecting on in the Monero community that, if compute is as centralized in large data centers as you say,

then regardless of how many plebs are mining themselves, the network is still vulnerable.

hard truth:

your "unit of account" is NOT bitcoin

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cc nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub1vadcfln4ugt2h9ruwsuwu5vu5am4xaka7pw6m7axy79aqyhp6u5q9knuu7

#bitcoin

for the last time, IT ISN'T "JUST SITTING THERE."

they have to do something in order to acquire it and use it to their advantage. that is friction that neither of us can accurately evaluate.

and I didn't say you should ONLY look at how things are right now.

I pointed out thats the current situation and how things are in the future depends on specifics that neither of us can be confident about.

if a 2010 Toyota Camry is $6,000 and a Bitcoin is $87,000

then it is .069 Bitcoin (nice) per Toyota Camry.

.069 BTC/Camry

look ma! I eliminated US dollars and am on a Bitcoin standard!

no you dumbass **USD is how you got that proportion**

that number (.069 BTC/Camry) is USD DENOMINATED

there are NO Bitcoin denominated prices.

ALL prices and price charts are USD denominated as long as USD is the unit of account.

bitcoiners do not understand unit of account.

it does NOT change because you do division.

#bitcoin

you'll talk about anything EXCEPT the friction involved in trying to hijack privately owned compute wont you?

obviously the threat to Bitcoin is higher.

because Bitcoin has a higher fiat value and is more visible.

because it's easier to put pressure on miners.

I agree that if Monero ever becomes an existential risk they'll do whatever it takes. I hope that becoming an "existential risk" means price appreciation and therefore greater mining profitability.

and at that point you have higher floor of decentralized compute power protecting the network

and the centralized compute power is more incentivized to protect the network rather than attack it. just like with Bitcoin.

but the game theory of that particular situation depends on specifics that we can't know.

Moral of the story is that *right now Monero is in a much more secure place than Bitcoin is vis a vis mining centralization.

except that hash is not "ready to go." it's already being used for other profitable purposes. you ignored the point of the post, which is about the friction of bringing pressure to bear at all.

You're trying to pretend like the US government is a single cohesive entity that can just call Amazon and use all of their compute power for whatever it wants. I'm pretty sure it doesn't work like that.

but I don't know and neither do you. which is how I started the conversation.

and you're just making up numbers.

while I agree that there is certainly vastly more potential hash out there that could be mining monero, you continually ignore the fact that they don't need to physically control Bitcoin miners at all. they just have to send letters.

nothing has already lost. another topic we haven't touched on yet is *the desire to attack the chain in the first place*

this is another area where Monero has an advantage because of bitcoins visibility.

so to come back to the beginning

its trade-offs. both approaches have their negative points.

Replying to satoshi jr

Hash Power in Large Public Companies vs. Total Hash Power

As of the end of 2025, public companies engaged in Bitcoin mining represent a significant portion of the overall computational power available for mining, but exact comparisons vary.

Total Hash Power Overview

The total global hash power is estimated to be around 350 EH/s (exahashes per second). This value represents the combined computational capability dedicated to Bitcoin mining fundamentally across various industries, regions, and private operations.

Contribution from Large Public Companies

Large public companies, such as Riot Platforms Inc., Hut 8, and Marathon Digital Holdings, contribute a considerable share to the total hash power. Reported figures suggest these companies, in combination, account for approximately 20% to 30% of the total hash power. For example, Riot Platforms reportedly had around 8 EH/s dedicated to Bitcoin mining, equating to a significant fraction of the overall total.

Here's a breakdown of some key players and their contributions:

Riot Platforms: ~8 EH/s

Hut 8: ~4 EH/s

Marathon Digital: ~7 EH/s

Implications and Trends

The involvement of public companies in Bitcoin mining has implications for both scalability and resilience in the network. Their larger operational scales allow for capital investment in cheaper energy sources and advanced technologies, essential for maintaining competitiveness.

Moreover, there's a notable trend towards diversification, with companies pivoting more towards data center operations, blurring the lines between traditional mining businesses and tech-based solutions. This transition is critical as profitability from mining becomes more volatile due to fluctuating Bitcoin prices and rising operational costs.

Conclusion

In summary, while large public companies make up about 20%-30% of total hash power, the ongoing changes in the sector may lead to shifts in this dynamic. The rise of energy-efficient technologies and enhanced operational strategies will likely continue to influence the landscape significantly.

Very different landscape and magnitude in terms of concentration risk

one

I'm entertaining your AI slop for the sake of conversation.

but I don't really believe it knows wtf it's talking about or accept it as a convincing argument.

two

you repeatedly gloss over the fact Bitcoin miners are known and visible. they are public and operating.

speaking about *potential hash* in data centers is not the same thing. that hash has to be acquired and brought online. these are not the same thing and it isn't particularly useful to compare them as if they were.

you want to talk as if bitcoins active, known, centralized hash can't be effected by well understood and straightforward regulatory pressure.

but somehow it's trivial for an adversary to bring online against monero *somebody else's compute* that is already being used for profit in another way.

so even if we accept that the AIs numbers are correct, and I don't, they aren't directly comparable at all, as they aren't a measure of anything that can be called "decentralization"

this is a big stretch.

Bitcoin miners aren't incentivized to be in consensus. they're incentivized to follow the fork that will make them the most money.

Monero miners are only different on n that they might fuck off and do something else if it's more profitable than mining Monero, so you could hypothetically say that you lose network security in that event. it's just a guess though and there's no compelling reason to believe that Monero would lose hash in the event of a contentious fork. lose it to what exactly? why?

and no, your umbrel doesn't have any leverage over what miners do. they're looking at where the big money goes and how to remain profitable.