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dgy
dgy@stacker.news
npub1zqm7...aryh
Programmer, Bitcoiner & Cypherpunk
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dgy 1 year ago
A bitcoin developer doesn't necessarily have to be a bitcoiner because being a committer to a widely used FOSS project always looks good as a line item on the CV.
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dgy 1 year ago
"Introduction to Bitcoin" by @npub1h9t8...2y7q is a up to date introduction to bitcoin also covering the lightning network and Nostr. It is also hinting at the implication that the fusion of the communication and the money protocol will bring to world. image
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dgy 1 year ago
As we now have "Konsenus Network", "The Saif House" etc. for some time it seems an anachronism in 2024 to sell bitcoin related books solely at places that do not accept bitcoin directly. It is somehow a contradiction as if the author does not believe himself what he is writing about.
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dgy 1 year ago
"Bitcoin and The Trust Problem" by @Karo Zagorus discusses Bitcoin from a social perspective. It explains the problem with the crumbling trust in the existing social systems and the emerging new social layers from Bitcoin like pseudonymity, maximalism etc. image
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dgy 1 year ago
The violet pilling (aka nostr onboarding) did not yet reached its peek. There are still people from the bitcoin community complaining on podcasts about bad customer support and hacked twitter accounts.
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dgy 1 year ago
"Mind, Decentralised" by @npub1de8j...0ezd reminded me again that positive energy and active unlearning help to escape the fiat prison. image
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dgy 1 year ago
There will be more not fewer transaction in a hyperbitcoinized world because microtransactions are solving the subscriptions (aka too much I do not want) and the advertisement problem (aka the consumer is the product). With microtransaction you can pay what you value and what you consume even if that costs only a fraction of a cent. With the fiat system it is not economically feasible to pay a fraction of a cent. Long live HTTP 402.
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dgy 1 year ago
How can a bitcoin maximalist disdain shit coin but somehow be neutral about shitty tokens issued on the bitcoin blockchain using inscriptions and justify it with the fee market working as designed? That it is not consistent.
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dgy 2 years ago
And because the spammers will find other ways to spam we should all throw the towel and do nothing. That is not cypherpunk.
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dgy 2 years ago
Not using bitcoin for payments and not having places accepting bitcoins is a centralizing force as in this case you can only sell bitcoin for fiat on an exchange and these are the regulatory choke points anyway.
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dgy 2 years ago
Bitcoin maximalism is based on first principle whereas a fiat mindset is based on opportunism. Because of that the former will prevail as the latter is unstable and changes all the time.
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dgy 2 years ago
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dgy 2 years ago
Spamming should be expensive for the spammer not for the people being spammed. So relaxing the OP_RETURN limit seems to be wrong. Sure people will find ways to add arbitrary data to the time chain but it should be expensive for them and not subsidized even further.
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dgy 2 years ago
"Works as designed" is such a lame excuse for ignoring the inscription spam. The Bitcoin ecosystem of 2023 looks completely different than the one in 2009. A lot of stuff has been added and it will never by finished. Calling out the problem and taking action will be required as long as the system is running.
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dgy 2 years ago
At the moment there are three groups of users in Bitcoin: 1) People that want to improve the efficiency of block space usage in the long run (low time preference) 2) People wasting block space for inscriptions (high time preference) 3) People that think everything is fine (no time preference) What are you?
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dgy 2 years ago
If you have to use the "Web Developer Tools" in the browser to copy some text from a webpage then this website is quite dysfunctional.
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dgy 2 years ago
The folks at the social news websites are somehow excited about the fact that fees are higher than the block subsidy but they do not seem to realize that this spam attack introduced by inscriptions may stall adoption of bitcoin for some time. The current situation is not helpful for opening lightning channels etc. and the migration of some load to Liquid etc. will take time.
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dgy 2 years ago
"Not your pity but your courage has so far saved the unfortunate." Nietzsche was a critic of a system that glorified the weak. Don't shoot the messenger.
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