If all this on-chain zap controversy ends up with many clients having lots of code for doing on-chain operations, then it will all have been worth it if the clients eventually extend to full coinjoin support
Come for the on chain zaps, stay for the large scale deployment of privacy tech such as nostr-coordinated coinjoins
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SatsAndSports
npub1zthq...xm56
Into bitcoin, specifically cashu.
When I'm not working in the fiat mines, I'm into cycling and camping
Two groups push in opposite directions, each accusing the other of going backwards
Only in open source can we see this resolving into something even better that is liked by everybody
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I'm very happy to have just submitted a PR again, after a few months where I was doing stuff but nothing substantive
And I'm doing the boring stuff of making a PR to fix things, instead of exciting shiny new stuff ๐
#BearMarketsAreForBuilders
As an atheist who knows more about the Bible than most Christians, I find it funny to watch Bitcoiners treat the Bitcoin White Paper as holy scripture
(I'm writing this to pass the time while my agent works on a big PR; I'm sorry for filling your timeline with this human slop ๐) #HumanSlop
Like Americans who are unable to form their own opinion on the balance of power between their three branches of US government [*], some Bitcoiners are unable to form their own opinion on Bitcoin. They quote Satoshi's white paper, and forum posts, and then switch their brain off. Big blocks or small? Knots versus the TolerantMinority? Mempoolfullrbf?
Evangelical Christians look crazy when struggling with all the contradictions in the Bible. Even the four Gospels contradict each other in so many ways. This isn't surprising or interesting really; the contradictions get boring to any scholar pretty quickly. The really interesting study of the Bible is when you realize that it was written by dozens of different authors - across multiple genres - who had very different goals in their writing.
Satoshi may have been multiple people. And even if Satoshi was one person, they changed their mind sometimes. That's cool. Stop trying to identify a single non-consistent viewpoint in Satoshi's writings.
And even if Satoshi was consistent on a given topic, they might have been wrong. Satoshi is irrelevant. There is a long list of people (i.e. everyone) that don't control bitcoin, and Satoshi is top of that list
Given this question, the Euthyphro dilemma first asked by Plato:
"Is something good because God [Satoshi] commands it, or does God [Satoshi] command it because it is good?"
my answer is "Bitcoin doesn't care what Satoshi thinks, even if some Bitcoiners do care; I form my own opinion on what is good, incentivized by Bitcoin"
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[*] For example, to paraphrase what I've heard a few times: "the founding fathers[**] made it into a republic not a democracy, and therefore I approve of the current slide into dictatorship because I think it's what the founding fathers wanted and I don't ask myself what is good for me"
[**] More like 'Building Boys'; many of them were quite young men
I've listened to couple of episodes of the Hell Money Podcast recently
At 39m13s into this, they said that BlockStream had tried - and failed - to launch a sidechain: "They never figured out a way to do sidechains that had tradeoffs that they found acceptable"
I don't know if the Hell Money Podcast ever has guest episodes, buy maybe they should have someone from @Blockstream to discuss Liquid ๐
I would tag the hosts, Erin Redwing and Casey Rodarmor, but I don't think they're on Nostr
Thanks to Paul Sztorc for distracting us from BIP-110
And thanks to on-chain zaps for distracting us from both of those dumb forks
@Alex Gleason
I've been reading more about Tor's 'hidden services' system, in order to include them in my MONAD protocol, my Cashu-funded Tor/VPN alternative (name subject to change)
Blinded paths are kinda obvious - and easy to implement - and I'll add them to MONAD, but instead of carrying the whole traffic on the blinded path, MONAD will - like Tor - use the blinded path to coordinate the data connection
I might still tweak the design a bit, but I think I understand Tor's design and motivation now
This won't be in the first versions of MONAD, I'm just doing this research in advance so that I know the direction to go in
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The pleb slop of economics
There's a lot of interesting stuff to learn, including - but not limited to - Austrian economics, on credit creation and inflation and balance sheets and so on
But this isn't a serious observation from Friedman
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STRC will cause deflation, not inflation
Central banks increase interest rates (by selling Treasuries) in order to discourage the creation of credit. They do that in order to decrease inflation
STRC will be seen as the de facto interest rate and therefore it will discourage credit creation
So even if the US government prints money, the credit destruction in the banking sector could lead to a net decrease in the money supply