PV 
Marius
marius@mess.ch
npub18kmu...xwnr
life, freedom, reason, btc, cln, lnbits, https://mint.mountainlake.io ⛵️🎾📷
I like zapping with eNuts or Cashu.me as it serves a tripple-purpouse: 1 - value for value (the principal reason), 2- test cashu mint, 3-test lightning node. Now that the sailing season started in Northern Europe it's great to have quick checks for everything.
I enjoy listening to Ansel Lidner - chill, intelligent, visionary, and seemingly indifferent and stoic about the future. Pretty much the ideal profile for information :-)
"People are talking about $200$ oil, $250$ oil, $300$ oil. It can't do that. The economy can't handle the price of oil that high. I would crash the economy everywhere."
That is a valuable comment. Kicking the can goes a long way, so precise timing is impossible. Applies to Bitcoin, too.
"The world could be awash in oil [if it wasn't for] these OPEC production cuts."
This means that we are players in a game rather than dealing with universal forces and laws imposed by physics.
"Western countries measure their GDP by spending. What do consumers spend money on? China measures its GDP by spending. So they can build bridges to nowhere to increase GDP." ... "You might as well dig holes and fill them back in. It's actually worse than that because you need to spend money to maintain all these fancy bridges and fancy trains running at a loss".
... more clown world ...
"We have Kohl, Target, and Walmart cutting costs, missing earnings, showing that the consumer in the United States is not doing well. We are probably going to go into recession later this year. It's possible we are already in recession. Recession is always hindsight. They won't even make it official until quarters later, and then years later, they might be revising GDP. " - Ansel Lidner
https://www.youtube.com/live/3LZTESlz7ZY?si=680cn898lwZIn394
"Help fight misinformation by allowing The Bugle to do the thinking for you. Doing the thinking yourself is just too much damn work." - The Bugle
View quoted note →
I am sixty, but nature was kind enough to grant me the illusion of choosing my age from a broad window. Knowing and then living according to my priorities becomes easier as I age. We are free and incredibly flexible; don't let anyone tell you there are no alternatives. Physics and time are set, OK, but everything else is up to you. There are no authorities outside of physics, and nobody can be absolved for poor decisions. You are the master of your life at 20 or 40 (dudes at 80 and 100 know it already). Are you overwhelmed by life or stressed? Run an experiment: say "no" to the following three requests that take your time and attention, and carefully note the result. Adjust and repeat until you feel you are in control.
The US dollar died 1971. Each time the FED prints money its a hardfork, a new coin is born, which should come with a new name.
I have been a tiny bit absorbed by re-modeling my mobile data infrastructure 😅 . Seeing cool apps (the ones that integrate Bitcoin as a global payment rail) get kicked out of the App Store and Play Store has prompted me to abandon the iPhone. I bought a Pixel 8 pro, installed grapheneOS, and had to find replacement apps for my stuff. I also setup Nextcloud and linked everything together. Two weeks in, I am still down some critical apps, but luckily, only on the leisure part of life: I need two robust apps for sailing (Navionics don't work, PredictWind and Windy need Google Play Services).
Some live in a meta world: "In a May 14 X post, the official Degen Chain account said it was working to resolve the downtime alongside its development partner — rollup infrastructure platform Conduit". As the token is obviously supportted by its entertainment value the downtime is good news.
The fact that personal investment has become so simple (stay humble, stack sats) makes many of the other strategies look like hobbies. Stuff like TA and waiting for the next FOMC meeting is clearly a cult rather than a strategy.
PV 
I sent a few eCash payments as DMs to various NoStars (aka Nostriches), with more than a dozen still uncollected. Even though clients render Cashu tokens nicely, people don't seem to notice. @eNuts ⚡️🌰
I liked @ZEUS better without the red warning informing new users that a wallet is custodial and without driving new users down the path of starting a node on the phone. In my opinion, there are too many assumptions about how people will (should!) use the app.
PV 
Not sure if my friends in the USA are aware of the fact that citizen of other countries (Switzerland, in my example) need to fill out forms like this when dealing with banks and Bitcoin services. Imagine we all had to do this for each country. Of course, we don't. What do you think when you see this form? Yes, me, too: Switzerland is not independent. 
In this important conversation (
@Matt Corallo and @Marty Bent point out the risk that Bitcoin will lose one of its most important properties, censorship resistance unless we Bitcoiners do something about mining centralization.
I think Bitcoiners allowed this to happen because of what I would call the "1 BTC = 1 BTC" fallacy. People praise Bitcoin's ability to transport value through time. They claim that all I need to do is buy and store Bitcoin in cold storage. This notion seems naive.
The value of the Bitcoin in cold storage is bound to evaporate by gradually altering Bitcoin's properties. Introducing effective censorship through miner centralization, as detailed in the TFTC episode, is one way of devaluing Bitcoin. Only if (Bitcoin value evaporation < FIAT inflation) do we have a better store of value. As Erik Voskuil brilliantly points out in Cryptoeconomics (https://voskuil.org/cryptoeconomics/cryptoeconomics.pdf), it is humans, willing to resist control and accept the risk of punishment, that secure Bitcoin. Therefore, the risk-sharing features are essential for Bitcoin, making this risk bearable for individuals.
Decentralization is another word for risk-sharing.
Fountain
Fountain
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My imagination is sometimes rather limited. True, I cleaned up my utxos a while ago (no sub 100k-soon-to-be-dust particles). However, I first need to see 100$ fees to start thinking properly about it. On April 20th I could clearly see the "black hole" between 100$ (max lightning capacity for most people) and 1000$ (where on-chain fee % start to become acceptable). We need to close that gap before fees will permanently be above what 100$ is today.
Fountain
Stephan Livera Podcast • The cost to hack bitcoin hardware wallets with Dmitry Nedospasov SLP566 • Listen on Fountain
Dmitry Nedospasov is a PhD in Chip Security, also known for his hardware wallet exploits in 2018 with the wallet.fail talk. Dmitry joins me to talk...
At our inspiring halving party pleb event, we collected donations to be split between HRF ( @gladstein) , @Gigi , and @OpenSats. The total collected was 1'783'227. I am going to pay out 594'409 sats to each of the above Bitcoin giants as soon as my lightning node finds a route or on-chain fees come down to reasonable levels. I will post the payment confirmations here.