hopefully bitcoin transaction demand goes down, which will drive down fees, and give us all a little more time to prepare for eventual sustained high fees
the only safe assumption is that will not happen but hopefully it does!
ODELL
odell@primal.net
npub1qny3...95gx
freedom
good morning, mempools may never clear again
ya'll went from making fun of me for my mempools prediction to calling a fee market an attack in less than three months lmfao
Bitcoin transaction fees limit network abuse by making usage expensive.
There is a cost to every transaction, set by a dynamic free market based on demand.
It is an incredibly robust way to prevent spam without relying on centralized entities that can be corrupted or pressured.
ODELL
Bitcoin Transaction Fees and UTXO Management
When bitcoin blocks are full, highest fee transactions are confirmed first.
modern banks are ponzi schemes - most are insolvent
good morning, transaction fees are a dynamic free market based on demand, bitcoin is working as designed
lmfao supertestnet broke ordinals
https://github.com/casey/ord/issues/2062#issuecomment-1535305819
First, a hastened government led bank consolidation, then a public/private partnership with the remaining large banks to launch a surveilled and controlled digital currency. We will be told it is more convenient. We will be told it is safer. We will be told it will prevent future bank runs. All of that is marketing bullshit. The goal is greater control of money. The ability to choose how we spend it and how we save it. If you control the money - you control the people that use it.
ODELL
Bank Consolidation Then CBDC
PacWest is the first of many small regional banks that will go under this year. Most will get bought by the big four in gov orchestrated sales. Thi...
amazing innovation from the bluesky team 😂😂😂
Coinbase Sued for Harvesting Customer Face and Fingerprint Data
No Bullshit Bitcoin
Coinbase Sued for Harvesting Customer Face and Fingerprint Data
"The company’s collection and storage of this data exposes users to “serious and irreversible privacy risks,” such as identity theft, in the ...
When bitcoin blocks are full, highest fee transactions are confirmed first.
Pending transactions sit in node mempools awaiting confirmation - can conceptualize mempools as a line to enter a restaurant sorted by who is willing to pay the most.
ODELL
Bitcoin Transaction Fees and UTXO Management
When bitcoin blocks are full, highest fee transactions are confirmed first.
There are going to be many more bank failures as this ponzi system unravels. Unlike 2008, we have the ability to opt out of these broken and corrupt institutions by using bitcoin.
ODELL
More Banks Will Fail
There are going to be many more bank failures as this ponzi system unravels. Unlike 2008, we have the ability to opt out of these broken and corrup...
good morning, mempools may never clear again
Silicon Valley Bank, Silvergate, and First Republic Bank were larger than the 25 banks that failed in 2008...
cryptograffiti bringing the heat
People forget Bear Stearns failed March 2008 - months of denial followed before the public realized how bad the situation was under the surface.
Similar happening now but much larger scale. They did not fix fundamental issues after 2008 - everything is more fragile.
The Fed preemptively bailed out every bank with their BTFP program and First Republic still failed. The second largest bank failure in history.
There will be more failures. There will be more bailouts. Depositors will be "protected" by socializing losses across everyone.
Our President and mainstream financial pundits are currently pretending the banking crisis is over while most banks remain insolvent. There are going to be many more bank failures as this ponzi system unravels.
Munstr uses nostr as a communication layer to facilitate secure transport and signing of collaborative bitcoin transactions in a way that chain surveillance cannot identify the nature and setup of the transaction.
Munstr transactions look like single key Pay-to-Taproot (P2TR) spends.
No Bullshit Bitcoin
Munstr: MuSig + Nostr
Munstr is an open source Musig privacy based wallet.
sounds like Bhutan has a serious mining operation they started in 2020
No Bullshit Bitcoin
The Kingdom Of Bhutan Confirms It Has Been Mining Bitcoin For Several Years
The Himalayan kingdom's investment arm Druk Holding and Investments (DHI) revealed that it has been running a bitcoin mining operation in the country.
social media is merely the first popular nostr enabled use case - there will be many different types of tools that use nostr as an interoperable communication protocol - none of us can comprehend the many creative use cases that will emerge
No Bullshit Bitcoin
Swap Service: An Orderbook For Performing Submarine Swaps Over Nostr
Swap service is an orderbook for performing submarine swaps over Nostr and a way for bitcoin users to earn yield on their bitcoin.