Over time Bitcoiners become more economically relevant and as a result you’ll see more vendors and local governments forced to accept that reality.

No need for new OpCodes to enable covenants. Write a script that encrypts a method for generating a private/public key pair using the entropy from the last N blocks and can’t be tampered with. As long as the runtime script is blinded from the machine running it and you can prove that nobody can witness the private key then you can also have the script perform arbitrary computation and verifiably be rewarded with a UTXO. Ask your friendly neighborhood cryptographer for a prescription for homomorphic encryption today. #bitcoin #covenants

The country that can spread bitcoin as wide as possible has the biggest advantage since they’ll be spreading network defense as wide as possible. When a country centralizes it in the hands of a government and limits access they run the risk of deferring network decisions to far more people that aren’t necessarily aligned with you. The more you can diffuse it across all the economic actors in your borders (ie. individuals, clubs, companies, local governments, national governments, militaries, etc) the better preserved your society is and in fact it aligns everyone and encourages economic rationalism. TL;DR - you don’t have enough #bitcoin, anon!

Underrated artist: The Spy From Cairo

Keynesian economists: “if things become more adorable over time then people quit buying things. You’ll hate it!” Uhh ok.

@DETERMINISTIC OPTIMISM 🌞 any plans to make a Coldcard Q-like device but for running a full node? Use case: I want to run my full node on trust minimized hardware. I imagine it would be useful for applications built on top of the chain too that need tighter security.

How does modern day censorship work when you have the internet? Not by preventing information from leaking, but rather by drowning it in near truths, misleading statements, and outright lies to create confusion. A smoke screen. How do you “censor” Bitcoin? Not by trying to attack it directly and stop its flow. That’s near impossible. You do it by flooding the market with shitcoins and FUD while you stuff your bags and hope you can keep that going long enough to stack more than your competitors. #bitcoin #censorship

During this cycle if you find yourself having enough money to retire or live lavishly then consider giving back. You don’t have to work on Bitcoin to make a difference. Go out and help build homes. Buy school supplies for kids and teachers in low income areas. Offer a scholarship or grant to someone who wants to be a doctor or engineer. Teach.

Future headline: “Saylor found to have committed fraud and embezzlement. Many coins are lost. The remainder will be held in government custody.” Not that he’s actually doing that. The issue is he’s putting together a nice “strategic reserve” for someone to seize. A honeypot.

Not sure if it was always the case but CraigCoin has good SEO these days. A third of the front page Google searches for things like “Bitcoin private key wiki” are links to CraigCoin docs. DuckDuckGo does much better at least.

Anyone here try making a clothes drier with an ASIC? Are there any reputable products like that on the market? There’s an opportunity for laundromats. And I personally want one! #askNostr #bitcoin #asic #mining

I put together a collection of notes to use as an introduction to Bitcoin [1]. It’s not finished but I wanted to get something out there for now. I’ll be revising and extending it over time. Feel free to pass along to friends and family. 1.

GitHub

GitHub - machuPikacchuBTC/bitcoin: Notes about everything bitcoin

Notes about everything bitcoin. Contribute to machuPikacchuBTC/bitcoin development by creating an account on GitHub.

#bitcoin #orangePill #onboarding #freedom

Reminder that AI has gotten really good at video and from this block height on you can’t trust ANY videos. Especially those you agree with.

Either we never venture further into space or mining asteroids becomes an inevitability. View quoted note →

A phrase I often see online: “Bitcoin’s upside volatility will decrease over time” This is the opposite of what to expect. Fiat currencies have to debase at an accelerating rate. Thinking Bitcoin will stabilize in USD/EUR/JPY/CNY/etc terms implies either those currencies stabilize or Bitcoin adoption declines. For the existing crop of currencies to stabilize they’ll have to peg to Bitcoin somehow which might actually happen one day but then you’d still expect purchasing power to increase as technology improves economic efficiency and in any case that still implies a couple orders of magnitude more purchasing power from here. Bet wisely.

#askNostr #forHire View quoted note →