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GrunkleBitcoin
grunklebitcoin@nostrplebs.com
npub1ctpn...h6w6
Fascinated with Technology
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GrunkleBitcoin 6 months ago
So I was testing a theory. That early private address were linked to songs. So I converted the first 64 ascii of the Beatles Help into a hexadecimal. Yep an old wallet. KwDiBf89QgGbjEhKnhXJuH7LrciVrZi3qZ6FxoaD5r1kYegmtbaT image
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GrunkleBitcoin 6 months ago
⸻ 🕴️ Meyer Lansky’s Mob Finance Model Key Methods: • Money Laundering: Cleaned illicit funds through casinos, nightclubs, hotels. • Offshore Accounts: Swiss and Caribbean banks used to hide and move money. • Shell Companies: Created layers of fake corporations to hide ownership. • Cash Businesses: Used bars, laundromats, etc., to “wash” money. • Global Reach: Built a transnational financial network long before globalization. • Informal Networks: Relied on loyalty and secrecy, not legal contracts. Goal: Avoid detection, taxes, and enable liquidity for criminal operations. ⸻ 🏦 Federal Reserve System Key Functions: • Monetary Policy: Controls interest rates, inflation, and money supply. • Transparency: Public reports and Congressional oversight. • Dollar Management: Issues and manages the world’s reserve currency. • Regulated Banks: Subject to KYC, AML, and capital requirements. • Domestic Focus: Focuses primarily on U.S. economy, though global effects exist. Goal: Ensure financial stability, control inflation, maintain dollar trust. ⸻ 💵 Eurodollar System What It Is: • U.S. dollars held in non-U.S. banks, beyond the Federal Reserve’s jurisdiction. Key Traits: • No Reserve Requirements: Freer creation of dollar credit. • Light Regulation: Less oversight than domestic U.S. banks. • Widely Used: Major corporations, offshore banks, and governments rely on it. • Anonymity: Less transparency than Fed-controlled systems. • Global Liquidity Tool: Fuels derivatives, trade finance, and interbank lending. Goal: Provide fast, global, unregulated dollar liquidity. ⸻ 🧩 Key Comparisons Shadow Liquidity: • Lansky = criminal shadow liquidity. • Eurodollars = legal shadow liquidity. Avoiding Oversight: • Lansky: evade law enforcement. • Eurodollars: bypass U.S. financial regulation. Trust-Based Networks: • Lansky: relied on loyalty and underground trust. • Eurodollars: based on interbank trust and global credit relationships. Decentralization: • Both operate outside centralized state control (unlike the Fed). ⸻ 🧠 Insight Meyer Lansky’s financial network was a blueprint for decentralized finance — just in an illegal context. The Eurodollar system is the legal version of that idea: unregulated, offshore, and invisible to national oversight. Both systems reshaped global finance by decoupling control from sovereignty. ⸻
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GrunkleBitcoin 7 months ago
The nutritional value of Spam, the canned meat product, varies slightly depending on the specific variety (e.g., Classic, Lite, or Less Sodium). Below is the nutritional breakdown for a typical serving of Spam Classic (2 oz or 56g, about 1/6 of a 12 oz can), based on information from Hormel Foods and general web data: • Calories: 180 kcal • Total Fat: 16g (25% DV) • Saturated Fat: 6g (30% DV) • Trans Fat: 0g • Cholesterol: 40mg (13% DV) • Sodium: 790mg (33% DV) • Total Carbohydrates: 1g (0% DV) • Dietary Fiber: 0g • Sugars: 0g • Protein: 7g (14% DV) • Vitamins and Minerals (approximate): • Vitamin D: 0% DV • Calcium: 0% DV • Iron: 2% DV • Potassium: 4% DV Key Notes: • Ingredients: Spam Classic is made from pork with ham, salt, water, modified potato starch, sugar, and sodium nitrite. Other varieties may include additional seasonings or ingredients (e.g., turkey in Spam Turkey). • High Sodium: The high sodium content (33% of daily value per serving) makes it less ideal for those on low-sodium diets. • Fat Content: A significant portion of the calories comes from fat, particularly saturated fat. • Varieties: • Spam Lite: Lower in fat (8g) and calories (110 kcal) per 56g serving, with 580mg sodium. • Spam 25% Less Sodium: Reduced sodium (580mg) but similar fat and calorie content to Classic. • Allergens: Contains no major allergens like gluten, dairy, or nuts, but check labels for specific varieties. This data is based on Hormel’s official nutrition information and general web sources. This product has been around my entire life. There must be a demand.
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GrunkleBitcoin 7 months ago
I asked AI Agent to explain the op_return debate. I understand the Knots side but was having trouble with the Core side. It’s about a free market side….Martin Luther or an Orthodox side …. fish on Fridays. ⚔️ Bitcoin Core vs. Bitcoin Knots: The OP_RETURN Debate 🔹 What is OP_RETURN? OP_RETURN is a Bitcoin script opcode that allows embedding small amounts of arbitrary data in transactions. It’s prunable (not stored in the UTXO set) and used for things like digital certificates, time-stamping, Layer 2 protocols, NFTs, and more. ⸻ 🟧 Bitcoin Core’s Position • Increasing the OP_RETURN limit: Developers like Peter Todd have proposed removing or significantly raising the 80-byte data limit. • Why? • OP_RETURN is non-spendable and prunable, so it doesn’t increase the size of the UTXO set (unlike hacks using fake addresses). • Allowing more data via OP_RETURN encourages cleaner, safer use of the blockchain rather than misusing payment outputs for data. • Fee markets, not arbitrary limits, should discourage spam. If someone is willing to pay high fees for data, the network should allow it. • Encourages innovation in decentralized applications and protocols that rely on blockchain data. ⚖️ Ethos: Let the market decide, reduce incentives for dirty hacks, don’t artificially restrict use cases. ⸻ 🟩 Bitcoin Knots’ Position • Maintains stricter limits on OP_RETURN than Bitcoin Core. • Associated with developers like Luke Dashjr, who strongly oppose using the Bitcoin blockchain for non-financial data. • Why? • Even prunable data increases bandwidth and validation load, which can hurt decentralization. • Permissive data embedding can lead to abuse, like Ordinals, NFTs, or arbitrary content (e.g., memes or files). • Limits preserve Bitcoin’s role as a monetary protocol and protect its long-term scalability. • Believes in protocol-level filtering of misuse rather than relying only on economic incentives. ⚖️ Ethos: Bitcoin should be a secure, minimal, financial-only ledger — not a general-purpose data layer.
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GrunkleBitcoin 7 months ago
Here is a game/contest. Find the passpharse The answer is on Nostr. It’s not that hard. image