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155 sats \ 2 replies \ @freetx 1 Aug \ parent \ on: How do you hedge self-custody? bitcoin
There is a balancing act. In order to ensure your family can access your stash you must both document it and have them practice accessing it, otherwise its pretty certain that they will be locked out of your stash.
Both of those things increase the complexity of self-custody (ie. documenting / having others practice accessing it decreases its security).
Sam is pumping his shitcoin. He is the creator of Worldcoin.
Don't worry though, his autocorrect++ isn't going to lead to the disaster he pretends it will.....
Cantor runs Tether's Treasury books - they are the ones purchasing and managing the Treasuries that Tether is using as collateral backing.
So Cantor will earn more money as Tether continues to grow.
For context, the previous error rates were around 0.01% or thereabouts. So, this is a pretty significant advance.
However, this is for a single qubit working in isolation.
For multiple quibits (>1 less than 4) working together the error rate is 0.05% - as you scale beyond that the error rate becomes worse and worse. The errors accumulate and you wind up needing to solve all sorts of other problems: Eliminating crosstalk, increasing coherence, etc.
Have you evaluated Strive merger yet?
Most interesting aspect is they allow Sec 351 in-kind purchase (you can buy in with bitcoin and get shares without selling).
Don't think I would participate but would be interested to hear your thoughts.
Aside: Now that Fidelity has submitted their application to SEC to ask for in-kind in/out into FBTC, I think that a lot of the deals (as well as lots of BTC Loan companies) are going to find it even harder to convince hodlers to participate.
Yes, there are two main benefits: (a) atomic updates that can be rolled back, and (b) Both your OS and the apps / containers that run on the OS uses the same tooling (ie. podman).
Most of the servers I roll-out now are bootc versions and all applications I container-ize. That means that composing both the OS and the apps on the servers all uses same workflow.
Example (toy example) of a simple server:
FROM quay.io/fedora/fedora-bootc:latest
# Install basic server packages
RUN dnf install -y \
cockpit \
firewalld \
openssh-server \
bash-completion \
git \
sysstat \
wget \
&& dnf clean all
RUN useradd -m -G wheel core && \
echo 'core:password123' | chpasswd
RUN systemctl enable sshd firewalld cockpit.socket
CMD ["/sbin/init"]
LABEL containers.bootc=1
LABEL ostree.bootable=1
LABEL bootc.build.iso=1
Then you can build it with something like:
sudo podman build -t "myserver" .
Then you can create your qcow2 image for use in qemu-kvm or even build an installable iso with bootc-image-builder, like:
sudo podman run --rm -it --privileged -v $(pwd)/output:/output \
quay.io/centos-bootc/bootc-image-builder:latest \
--type qcow2 \
myserver
sudo podman run --rm -it --privileged -v $(pwd)/output:/output \
quay.io/centos-bootc/bootc-image-builder:latest \
--type iso \
myserver
I've used it for awhile. Things have really gotten more interesting that they are now switched to bootc over rpm-ostree (long story but bootc sorta kinda uses rpm-ostree anyway but its more hidden).
Anyway, I was an early Silverblue user, then when back to vanilla Fedora. When I saw the Bluefin project in late 2023 I jumped onboard since they really fixed / sorted out many of the pain points I had with Silverblue. Plus their graphics are awesome.
However with the rise of bootc, I now just build my own OS using Containerfiles (Dockerfile) + podman (docker). (although I do miss their slick graphics / icons).
Once the resulting image is built, I push it to a container registry (I'm using gitea for that), then my laptop and desktop can "podman pull" the image to install it.
Makes upgrades really smooth. I basically have a bash script that does a weekly rebuild / push of the Containerfile so I still get timely updates but not constantly spammed with updates constantly. If an update goes bad, you can just boot into the previous image and you are back to where you started from.
"I made an error in judgement" ...."I panicked..."
I think LLM systems should minimize these types of anthropomorphic speak. This kind of speech implies that there is intelligence / agency / consciousness.
My biggest fears about AI is not that they achieve AGI but that we attribute it to them. We really run the risk of being ruled by non-thinking / non-conscious rube-goldberg speech contraptions.
There is a part of me that feels like the entire "AI Industry" is semi-scammy with their continued insinuations that their autocorrect++ models somehow have intelligent agency. Even most of the "AI scare" pieces written in the media are in fact closet pump pieces that overstate their creations abilities.
Does the government need to actually run the thing to achieve their ends?
Exactly, which is why .gov doesn't really care about CDBCs from that end. Its actually easier and better for them to outsource the surveillance. They get the best of all words: They don't need to risk constitutional challenges, less physical work and money for them, still get the same data, and its yet another pressure point for them to keep on large banks which makes sure that the job hopping pipeline from regulator -> corporate consultant stays open.
Either you trust in rule of law or you don’t.
Like the laws preventing illegal entry over the border, right Paul?
Secondly it forces every digital dollar to flow through state-controlled gatekeepers who would enforce OFAC sanctions and blacklist wallet addresses at the behest of the state.
Can someone explain this bit in more detail? Are they saying:
- P2P use of shitcoins / stablecoins will now be illegal?
- Or, shitcoins / stablecoins that transact thru regulated financial markets will be subject to same regulations as everything else?
“(ii) EXCEPTIONS.—The term ‘digital commodity broker’ does not include a person solely because the person—“(I) solicits or accepts an order described in clause (i)(I)(aa)(AA) from a customer who is an eligible contract participant;“(II) enters into 1 or more digital commodity transactions that are attributable or solely incidental to making, sending, receiving, or facilitating payments, whether involving a payment service provider or on a peer-to-peer basis; or“(III) is a bank (as defined under section 3(a) of the Securities Exchange Act of 1934) engaging in certain banking activities with respect to a digital commodity in the same or a similar manner as a bank is excluded from the definition of a broker under such section, as determined by the Commission.
However I do feel that the DCB definition is overly broad and doesn't offer more clear explicit carve-outs for hobbyist, non-commercial use.
Hmmm.... Perplexity says there are exceptions.
The Act defines a DCB as any person who, as a regular business, solicits or accepts orders for the purchase or sale of digital commodities and has control over customer funds or the execution of transactions.
However, the text also includes exceptions: it does not include persons whose activities are "solely incidental to making, sending, receiving, or facilitating payments, whether involving a payment service provider or on a peer-to-peer basis"
I think the most important thing about the GENIUS act is that:
This only really affects banks ability to transact / custody stablecoins. This has no effect on P2P individuals or businesses using stablecoins.
Effectively its just a law focused on regulated banking market that sets requirements for stablecoin issues must meet in order to be used within the regulated banking system.
Its effectively a nothingburger for individuals
My wife's grandmother was the victim of an AI impersonation scam. One of my wife's cousins -- a different grandchild to her grandmother -- had a youtube channel. Nothing big, really just him streaming playing video games. Had maybe 30-40 subscribers....but he spoke enough during the videos that they were able to use his voice for training.
Somehow, they managed to call his grandmother and using a fake script, he said "Grandma I've been arrested they say for trying to steal a car, I didn't do it, but they say I need to pay $2500 for bail to get out....can you please send the money?"
Being a smart older woman, she knew somethings didn't match up (for one he has vision problems and can't drive, secondly he is kinda autistic and being involved in a car theft is last thing he would do)....so she asked for a call back number and called her son (the boys uncle) to come over and they called together.
The boys uncle quizzed him and they soon found out he couldn't answer basic questions about the family, like...oh you called your dad and he couldn't help?? (his dad died when he was an infant), etc.
So no doubt this scam was perpetrated by low-level amateurs who didn't really do any background checking. However, it highlights how difficult it would be to guard against this if you were dealing with professionals who put the time into it.
I think its very natural to dislike travel as you grow older, that has certainly happen to me.
When I was in my 20-30s I had to travel lots for work....I think at one point I had accrued 725,000 airline miles. I flew weekly.
Now I basically dislike travel....I mean I still like visiting my friends, but I wish I could just teleport there and teleport back that night.
The whole routine of trains, planes, and automobiles wears thin. Especially things like sleeping in different beds, dealing with different timezones, languages, routines, etc.
In my youth none of that really bothered me too much, I even relished it....but now it definitely causes a low-level anxiety of dealing with it.
At the core is a growing belief among men that approaching women simply isn’t worth it anymore.
I'm not sure I buy that. Its surprising to me that no one seems to think that the "trans phenomena" couldn't be environmental poisoning.... its well known the numerous plasticizers wind up being estrogen simulators in the body.
It seems to me if we were observing a colony of rats and we saw that there was a big uptick in low sex drive + sexual disorders we would probably first think it was due to some physiological / environmental issues and not think that it was some cultural abnormality.
Trumptard here.
Can you outline exactly what these regs have to do with Bitcoin? Did they add something sneaky to the bill?
Thats a "how" explanation but not really a "why".
The normal explanation is that seeing colors accurate is less important for males than females.....seeing that your baby has developed a rash or spotting an infection is more important for a mother to have than a father.
The sacrifice in color perception in males is made up by other vision benefits: Males are typically much better at detecting motion and night vision....both skills that would reward hunting.