Calling it, Bitcoin’s price is going to go up bigly now. The dust is settling and between red team’s bug fixing and BIP110’s failure Bitcoin is looking super stable.

One positive thing at the moment is everyone is talking technical bitcoin again. Technical bitcoin is what interested me in the first place, it’s probably what interests most high conviction bitcoiners too. Talk cryptography and tech more, and macro less. Cold, unstoppable, immutable math is where it’s at. Attract the next wave of autists, we HODL real good.

This is this bear market’s FTX moment.

The villains of the bear market are the heroes of the last bear market. Self-custody saved plebs from Celsius, Block-Fi, FTX. Bitcoin only self-custody was pushed so hard, “safer because it’s simpler”. RIP.

So here’s how the meeting went: “So we make a super bitcoin maximalist hardware wallet / brand with closed source coding. We come out swing with unique features that Bitcoin maxis can’t resist. We launch with transparent cases on our wallets so everyone thinks we’re like this super transparent trustworthy company, we’ve got nothing to hide. We know because of number-go-up technology that the earlier we do it, the larger the nominal bitcoin UTXOs stored on the wallets. We let some time pass, let the brand name get super strong. Then BAM. Hit our oldest wallets with secret hidden low entropy bug and take all their money.”

Hardware wallets have to be the cheapest security-to -valued-secured ratio item. It’s like a skyscraper being held together by one nail.

Trust wallet wins again!

When you think you’ve come up with a genius new energy idea - pump-less pumped hydro - and then realise your dumbass just forgot clouds exist.

Which side of the BIP-110 has the following position: Nodes default to low OP_RETURN value (83 bytes or less). OP_RETURN value of your node can be increased if you want. OP_RETURN usage fee is like 100x normal fee rate per vbyte. Because that’s my position. You can put your BS in the blocks if you want, but you need to pay out the arse to do it. Knowing that it’s extremely expensive, most people won’t use it so the default OP_RETURN size can be reduced. Incentive of OP_RETURN user is to minimise the size of their data as much as possible, or to be using it for a price-insensitive use case like (INSERT EXAMPLE HERE??). Long term either OP_RETURN users are driven out because it’s too expensive, or they are forced into developing extremely data efficient use cases.

Nostr reminds me of the early days of the US; women fled the whites man’s world to live with the Native Americans, but no Native American women fled to the white man’s world. Nostr is the native Americans, and since coming to nostr I haven’t looked back. I can’t imagine how a nostr-native child who has only experienced nostr could use Instagram full of ads, or the mind-poisoning X algoritihm and not come straight back to nostr.

My current approach to success in a customer facing trade is proving very effective: 1) be attractive 2) fix their problem and a problem they didn’t know they had as well 3) clean up your mess 4) smile a lot 5) explain what happened, why it happened, and what they can do (or what I have done) to prevent it happening again I’m getting ~10-20% of customers sending glowing feedback through about me, where previously feedback was only complaints about the bill. A lot of feedback is customers specifically asking for me and not the others on my team for future jobs.

GM Nostr 🧡 Real talk — Satooshies are here for the next generation of Bitcoiners. Reusable cloth nappies that stack sats and handle the homestead life. Orange-pilled and built different. Who’s copping some for their mini-pleb? 👶⚡ #Satooshies #Bitcoin #Nostr **free product alpha for whoever actually wants to do this xx

Never stop being silly

It’s gotta be the best time to be a mischievous teenager: - Use Nostr as your noKYC communication app - Use Bitcoin so your parents can’t touch your money - Sneak out of the house to meet up with your friends, silently ride 10 miles away on your 60 mph e-bike - Infinite pornog available - AI to do all your homework How fucking good.

Nostr and Bitcoin have the same problem - most people are reactive and only use the tools they need when they need them. Nostr = freedom to communicate, people only understand it when their communication tool is taken away. Bitcoin = freedom to transact, people only understand it when their ability to transact is taken away. The average person never thinks they will have these problems, so they haven’t found a tool to help them with the problem they’ll never have and can’t understand yet.

Merry Christmas you filthy animals

I am a reasonably technical lay-person, has anyone got a strong reason why the OP_RETURN data size increase is necessary or wanted? Is it a case of improving the infrastructure before we need it? Building out infrastructure and letting the use cases develop? I think I understand that the alternative uses of the Bitcoin network are maxing out the 80 byte limit, increasing the size of the block chain. Then, they are also using the UTXO address (or something) to post their data, bloating both the blockchain and the UTXO set. As these UTXOs are not valid transactions they can not ever be spent and will sit in the UTXO set for eternity. The UTXO set is stored in memory (RAM - expensive) and the blockchain is in storage (cheap). The workaround is to just increase the OP_RETURN size to stop the UTXO bloat. Blockchain gets bigger so more storage is needed by nodes, but nodes are mostly SPV nodes and don’t store the blockchain anyway. These nodes do require the UTXO set in RAM (somewhat). If the UTXO set were to get too large, nodes become too expensive and as a result the total number of nodes drops, reducing the security of the network as a whole. The Bitcoin core developer stance is they are being neutral to the various forms of users of the Bitcoin network by increasing the data limit. In effect, large OP_RETURN data transactions take up larger portions of each block without increasing the total block size beyond the already established 4MB maximum. So we’re still having the same maximum block size, just it’s likely it’ll be used more frequently. The OP_RETURN data is optional to store on a full node, so you don’t need store it. The growth of the blockchain size is still inline with previous projections if you assumed full size blocks for every block. So technically, nothing changes. Thus the developer stance of neutrality. The issue is then philosophical, being that a 100kb file size is well… concerning. 100kb allows for 640 x 480 pixel JPEG to be stored directly on the blockchain. I guess that’s the crux of the issue then right? Plausible deniability that running a bitcoin node isn’t distributing illicit material goes straight out the window. So the only nodes you can run would be lightweight nodes, and no one ever stores the full blockchain or they’ll get SWATed for CSAM. This is where I don’t get the WHY of the change. Why enable the undesirable use cases of the Bitcoin network because it’s “technically neutral” to do so, when clearly you’re opening the door to certain doom? Please help me understand.

Currently reading Mastering Bitcoin. Is this still relevant? Are there sections which no longer apply?

When did you know it was time to leave the corporate world and go out on your own?

Financial goal: hit escape velocity. Expenses lower than passive income. Thats it, keeping it simple. Grow the income side, reduce expense side. Don’t fret the details.