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Rusty Russell
rusty@rusty.ozlabs.org
npub179e9...lz4s
Lead Core Lightning, Standards Wrangler, Bitcoin Script Restoration ponderer, coder. Full time employed on Free and Open Source Software since 1998. Joyous hacking with others for over 25 years.
The problem with this is that well-run, boring, positive cash flow companies are really hard to find. All the obvious ones were snarfed up by previous variants of this play. It *sounds* great, until you get to the messy reality that the firms you want don't need you. So you have to find and pitch them. And why would they say yes? Because they're looking for an exit, which is the opposite of what you said you wanted. This is not to say it's impossible, but there's a reasonable case that it's going to be far harder than VCs think, who are used to people approaching them. View quoted note →
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Rusty Russell 2 weeks ago
Apparently the idea that we should be our best online, not our worst, is radically outside the mainstream?
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Rusty Russell 1 month ago
I'm back wearing a Pebble watch! I loved the original, and wanted to support the reboot. Let's see how we go after a month...
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Rusty Russell 1 month ago
This is really touching! I loved working on #bitcoinlightning and #CLN over the years, and I leave both in excellent hands. Lightning is going to be so much more than it is now... View quoted note →
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Rusty Russell 1 month ago
Official Bitcoin Twitter Self-Worth Chart $70k: your hairline recedes. $60k: gangrene develops. $50k: you lose the ability to make coherent sentences, and all you can say to your panicked loved ones is "Bitcoin is digital energy". $150k: erectile dysfunction vanishes. $250k: your wife returns with the kids, saying she made a terrible mistake. $500k: your long-dead father rises from the grave, tells you that he was wrong and you were right, and he's proud of you.
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Rusty Russell 2 months ago
Don't support things you don't want to see more of.
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Rusty Russell 10 months ago
I love BIP 93, with its ability to store any secrets with super-high redundancy and natively handle multiple shares by hand. But I also love BIP 39 for the simplicity of 12 words, and the universality of the standard. I want a word scheme for BIP 93. It would be 20-23 words(depending on what scheme is used), but highly redundant. You could recover with 3 or 4 unknown words. Ideally the word list would avoid near-miss words, and be distinct from BIP-39 enough that it would likely be distinguishable, rather than relying on the strange number of words. Should this exist?
So, there's a place offering Bitcoin-denominated life insurance. Here's the problem though: they invest the funds to make return in *Bitcoin*. But there are few if any Bitcoin-native opportunities. We also know that Bitcoin's gains are in a handful of market days per year. IOW I cannot see a way of making "conservative" investments and outperforming Bitcoin, since such investments will be dollars. If it seems too good to be true ...