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Cykros
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Looking forward to the ebook version for my dad. He needs the big print in more than one way, and isn't big on magnifying glasses.

#GM fellow plebs. Lovely cold morning out there today. Rocking out to some #shamisen metal doing my #kettlebell swings this morning. Seems computer done rather than analog, but it's got that shamisen sound, so it'll do for now. The world needs more epic shamisen. https://www.youtube.com/watch?v=WB_eq5uS0A0

Okay so it's not the prettiest food pic I've taken but these menchi katsu burgers absolutely slapped. Baked in the oven to avoid any seed oils, served with some homemade tonkatsu sauce. Forgot cabbage, which would have been good. Pretty simple prep all in all too. #Foodstr

https://www.japancentre.com/en/recipe/426-menchi-katsu-burger

Actually just glad I finally have use for the snowshoes my wife bought me a few years ago which ensured a low snowfall for a few years in a row. May have to to traipsing around in the woods even for a short jaunt once I clock out today.

Pretty flowers though.

Look on the bright side Ben; higher consumer goods prices makes for a population easier to orange pill. And if the American government ever gets around to following up on campaign promises, they'll pay you back for the impact of tariffs with appreciated bitcoin value. Seems like as good a time as any to go all in. Drive up their buy price as retaliation.

Err, isn't this true for nickels too though? As much as he's right about the costs, I'd hate to see "saving money" used as a pretense for "going cashless" into a full fiat surveillance state (be it CBDC or just the nightmarish system we already have).

Replying to Avatar Troy Cross

Been thinking about Dhruv Bansal’s idea that bitcoin are not produced or generated — wrong way of thinking about it induced by ā€œminingā€ metaphor — but rather all bitcoin existed from the moment the network was launched, but are auctioned off to miners as a whole, in exchange for hashes (compute), on an auction schedule of 140 years or whatever it is.

Each miner decides to take the network’s offer or not, by running their machines or not. Collectively, they determine how much that latest round of auctioned bitcoin is worth, in hashes and/or in energy.

Then there’s another market on top of this one which is coincidental but distinct, and that’s the market for block space, where the sellers are individual miners and the buyers are would-be transactors and of course that’s sat/vbyte.

I really do think it’s more accurate than thinking of bitcoin miners as ā€œproducingā€ bitcoin the way a manufacturer produces a product like cars or even discovered like gold miners discover gold. The bitcoin, all 21 million exist, just not on the ledger, from the get go. They only need to be auctioned, like treasuries. We don’t think the bidders on treasuries produce the 10-year! It’s just a weird auction mechanism where you have to prove work and your odds of winning the auction are proportional to your work / the total work by bidders.

I do get it and I think it’s right and I think it helps with a lot of misconceptions once you grok it fully. And as Dhruv says it shows you the formula for how bitcoin disrupts everything which is by making markets where there weren’t any, and building layers of distinct markets, including lighting and eventually the internet.

So, good job Dhruv.

But… it is not so easy to communicate is it? This thing is bloody hard to explain, as someone said once.

The issue seems to be, bitcoins don't exist anywhere, as such. Before or after they're mined. What exists is the value on the network, as expressed by the code. And yes, insofar as their value is accounted for in the code, that value exists before mining. We can think of mining almost like when authorized shares become outstanding shares when they are issued. They exist ahead of time, but they are only considered to have any value (in fiat terms, and in the case of stock, voting rights as well) once they are issued. Just like the issuance of authorized shares into outstanding shares dilutes market value, so too does the mining of bitcoin dilute the market value of outstanding bitcoin (even if we often just express the market cap based on the 21 million figure out of what amounts to sloppy accounting).

#GM folks. Of course we had to have this super bowl be the one that I didn't watch and perhaps be the only one that I ever should have. ?ex=67ab40fe&is=67a9ef7e&hm=dc662562da1f223e7ebde02ead688f74cc4b22196aba4e8d2a703bbae0f57224&

Also, sorry for the twitter link, but I can't just grab the video. Unlike the sanitized "resistance" we saw from the likes of Eminem and Snoop last year, this is what happens when you actually poke the state in the eye. https://vxtwitter.com/oceankive/status/1888782522265506269

Not impossible, but that likelihood does seem to dwindle by the day. Writing a block or two to the chain is all well and good, but if a majority (or even a decent chunk) of blocks are OFAC compliant, it'd give the monetary system a case of "emphysema" in that it just wouldn't flow very smoothly for many players. While yes, they'll still find ways around sanctions, we don't need to re-create the SWIFT fiasco. China coming back online would help this fairly quickly, as would Russia ramping up their mining efforts (the nuclear plants certainly wouldn't hurt). Even Saudi could likely give us a run for our money if they simply turn their oil to mining bitcoin, rather than cutting production as part of their price regulation. If anything the US's lagging approach to implementing nuclear is the big hope I have that we can avoid such a bleak future. If anyone really tries to contend with us on energy production, they can win.

If your public keys are exposed, you'll be in a heck of a lot of trouble. Much less likely to be an issue with any hashed based addressing (which has been standard for quite awhile now). We could improve the algorithm at some point at the cost of larger key sizes, using something like NTRU, GGH, BLISS, or Rainbow.

That said, not nearly as much turbulence as that caused by the entire trad-fi system melting down because it's not nearly as safe. Also, look forward to reading everyone's emails, if you're into that sort of thing. SIPRnet could get interesting to check out.

#GM nostriches. Happy Sunday.

Got a nice 6" or so of snow overnight -- looks like my break time from work today (it's from home) is gonna be shoveling snow instead of my usual dog walking routine. Sorry to the dog, but no complaints from me about having some shoveling time. If I'm caught up on podcasts (a rarity), I may even throw on some black metal, which is the correct music to shovel snow in. Though admittedly it's most fitting if you're shoveling at night during a windy storm -- less so the day after while the sun is out.

Always thought it odd how many people loathe snow shoveling. I won't say it always has to happen when I'd prefer to have to do it, but it's a simple enough task, and if I've got to do some chore or other I'd certainly prefer the one that lets me get some exercise in the process. Sure as heck beats dusting.

Meanwhile, wondering if this Sunday into Monday morning is going to have any more fun dips. Got a little cash sitting on Strike after I found out I had an old paycheck in abandoned property, and noticed there's no limit orders. Somewhat okay with just leaving it to fund my DCA's, but gotta say, it feels like a big jump up in #Bitcoin price is running at us a bit like Lancelot, so if I can jump in on a case of market jitters I won't complain.

Ditched Reddit over their treatment of their mods amid the third party client shenanigans. Centralized platforms suck, but if they keep a light touch they can be okay. As soon as they go draconian though it's bye bye. Same with Slashdot. Even went back to Usenet for a hot minute over the Slashdot Beta kerfuffle.

Twitter still has a draw for some topics, and I only came back to it when Musk took over, as his touch is lighter than the previous administration, even for all of his many flaws. Though, he did once ban me for saying I was glad both he and Zuck would get punched in the face in their cage match -- called it inciting violence. I called it sports commentary. In any case, it was a welcome reminder to keep Twitter on a short leash, even with some of the value they've been able to trap on the platform.

Just glad Nostr's here where we can actually have some freedom.

As important as the stories and traditions are in cultivating values, community, a moral compass, and a sense of awe, I've long felt that it's equally important to recognize that, as Marshall McLuhan taught us, the map is not the territory (or as Lao Tzu teaches, that the Tao that can be told is not the true Tao), and to come to an understanding of the Truth that is behind them all. We don't need to discard them, as they carry valuable information on multiple levels, but likewise, we needn't allow them to enslave us, particularly as power structures arise with perverse interpretations. Some of which may have been adaptive in the conditions they arose, and maladaptive in the conditions we find ourselves in now.

The Universe is in a state of perpetual flux. It's a joyous dance, and if you give yourself the grace to improvise and not worry you're doing it wrong, you'll likely have a better time.

Nothing like dogs to bring out a smile even on the "ruff"est of days ;-).

MI-6 is the deep state. USAID, CIA, NED, etc etc etc are just its fingers. Or perhaps strands of hair. Even MI-6 likely has some more secretive folks behind it that I just can't point to. The power centers in London have been at this for a long, long time, and they're quite good at staying in the shadows (and playing the long game). There's a case that especially after the Normans took over in 1066, the British Deep State apparatus has ties all the way back to the Roman aristocracy. We're likely doomed to have them on the planet forever -- but it'd be nice to at least find ways to show some light on 'em, and take back at least the degree of sovereignty we had before the Wilson presidency.

So, I get that Android has its own issues which make it a bit of a toss up in many ways (at least, if you're not gonna get out there on the Graphene train, and deal with the fact that you're handling more yourself), but does it not occur to you that the way Apple keeps you safe isn't that unlike how banks keep you safe with fiat money by smoothing over the volatility in price? The amount of times I've suggested software to people only to realize they simply can't run it (or analogs) on Apple devices is wild.

They do seem good for like, a work phone though. The security features are beneficial, and if the phone has a focused use case, I do get why they fit for some people. I'm always a little more surprised when the tinkering bitcoin types are on 'em though -- at least, the tinkering bitcoin types that don't have a second (or third) phone. The big exception perhaps being those who try to unplug and do everything on the computer -- though that seems more a use case for flip phones than iPhones.