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1dullgeek@nostrplebs.com
npub1k8ly...d3qu
Christian, Geek, #GoPackGo, #Bitcoin, Pilot Anarcho Christian? Maybe Happily Married 30+years
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1dullgeek 7 months ago
As a pilot, there are some outcomes that are so catastrophic that we build in lots and lots of mitigations so that we don’t EVER encounter them. An example is fuel. Running out of fuel increases the likelihood of a crash to nearly 100%. Meanwhile the actual incidence of fuel related crashes in commercial aviation is very close to 0. The fact that the incidence is close to 0 doesn’t mean we can safely remove fuel reserve requirements, or proper fuel planning processes. This is how I see the SPAM debate. There are some outcomes (e.g. illegal data in the chain) that are so bad that, even if we haven’t seen it yet, we have to build as many mitigations as possible. If the US government can prosecute the samourai developers despite Section 230, it’s hard to imagine that node operators that knowingly host illegal data would also be immune from prosecution. So we have to build in multiple layers of mitigation to prevent that catastrophe. With Core deciding to open up OP_RETURN to 100k bytes, they’ve taken away one of those mitigations. For me personally, best case scenario: OP_RETURN goes back to 83 bytes and the inscriptions bug gets fixed. Barring that, what is the next best mitigation in order to prevent the catastrophic result of illegal data on the chain? Certainly a soft fork is a far worse option. But it might be the next best option. Still I’d much rather that core come to their senses. If not, that more people run knots - or some other bitcoins that allows for filtering OP_RETURN. Only after both of those fail, would I like to see a soft fork. Because we can’t tolerate the catastrophic result of illegal data on chain.
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1dullgeek 8 months ago
Re: a soft fork, I have posted a question on Matthew Kratter's videos: if we only have 20% of node runners switching to knots why do you think we have sufficient consensus to force the miners to mine the soft fork blocks? View quoted note →
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1dullgeek 9 months ago
Really great episode. I kindly request more like this, where the topic is about how one might help convince my skeptical church leadership to save on Bitcoin. This is particularly relevant to me as I've been saving my tithe in Bitcoin on their behalf for a few years now. (With their blessing.) But I don't want to give it to them yet because their policy is to immediately turn it into USD. So any advice or discussion on how to get them to change their mind/policy is very much appreciated. https://fountain.fm/episode/mJib1qwQMTyFnDzT8oew View quoted note →
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1dullgeek 9 months ago
Back to the grind. Stacking continues.
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1dullgeek 10 months ago
I'm overwhelmed by how often people want to solve the pedestal problem before the monkey problem.
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1dullgeek 1 year ago
When it comes to the importance of Bitcoin becoming a medium of exchange, I generally agree. But I'm skeptical about it's urgency. I think the path to that is first becoming a universally recognized store of value. I don't think we can get to medium of exchange without the majority of people wanting Bitcoin. But I think it's going to happen on it's own. If enough people want bitcoin, they will naturally be willing to trade for it. The only question is if they'll be able to. If the infrastructure that Bitcoin has will support being able to earn and spend Bitcoin. But necessity is the mother of invention. When we get to the point where people universally want it, that will create incentive for a lot more brains to work on that problem than we have now. I guess I'm not worried. I think it's required. And I think it's going to happen. I'm sure there's a gap in my thinking. Would love to hear what it is.
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1dullgeek 1 year ago
What I wish @MartyBent had asked in TFTC #620: "Isn't slower block propagation a feature when there are transactions that contain OP_RETURN > 80 bytes?" "Doesn't that create a higher cost for including spam in the chain?"
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1dullgeek 1 year ago
Bitcoin is not crypto. That word was only after there was more than one thing that needed description and people wanted to lump what they thought of as similar things into a category. When Bitcoin was the only, no one called it crypto. They called it Bitcoin. So when you say crypto, you're really saying "all the Bitcoin wannabes" Conclusion: Bitcoin is not crypto.
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1dullgeek 1 year ago
I'm watching Arcane. And it ranges between compelling and stupid. I'm in a stupid stretch and I don't know if I can put up with it to get to the end.
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1dullgeek 1 year ago
GM Nostr! I'm trying to get my son started in Bitcoin. Suggestions for good "bitcoin for beginners" books or resources? Specifically looking for resources that do not include shitcoinery I'm looking more for "how to" resources. Like: - how to pick and use a software wallet - how to pick and use a hardware wallet - what are seed phrases and how to store them - what is multisig and how and when to use it NOTE: I already know all this stuff. I'm looking for reference materials for my adult son that could help him learn in addition to information from me. @npub1rxys...hnp8 is already on the list of resources I've given him. Are there any "bitcoin for beginners" books that he could read?
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1dullgeek 1 year ago
GM! It's a sunny day today and I'm going to safety pilot for a friend and then fly my airplane back from maintenance. Excited!