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110 sats \ 2 replies \ @nullcount 28 Oct \ parent \ on: Memoir prompt: are you fighting for your own freedom? the_stacker_muse
For me, this is the opposite of freedom. Reclusive behavior is a symptom of anti-social thinking. The myth of the Lone Wolf is attractive and overly romanticized. Very few great things were produced by one human alone.
Freedom for me is the ability to freely communicate/trade/organize with others in voluntary structures that produce more than the sum of their parts. In the book Atlas Shrugged, the "world" has become bureaucratic and authoritarian causing society to decay and collapse because brilliant people are no longer allowed to organize how they please.
Having "F*ck You Money" gives one an increased ability to act in spite of authoritarians and build one's way towards a more voluntary organization of brilliant people. After all, offering a large salary for another's time and experience is an effective way to make them voluntarily work for you.
In this way, sovereign people can build their own Galt’s Gulch - a safe place for smart people to build the future while avoiding the tyrants.
I think the character of Akston was a warning by Rand. Don't let the tyrants win by withdrawing from society into a prison of your own mind. Instead, find/build a community of like-minded people that can support your unique talents so you don't have to run a diner in the mountains.
"The primary act—the process of reason—must be performed by each man alone. We can divide a meal among many men. We cannot digest it in a collective stomach."
- Ayn Rand, Atlas Shrugged (1957)
In that scene, Dagny (protagonist) discovers that Akston, a once renowned philosopher, has withdrawn from the world and is now running a small diner in the mountains. When she questions him about it, he explains his philosophy of reason and independence — including the line you quoted
If BTC is such a pristine asset, how come I can't find anyone that gives a loan against BTC for less than 10 percent interest?
Even if I over-collateralize 2x, the interest rate is still way higher than mortgage.
I get that the opportunity cost for the lender is owning BTC themselves, and BTC tends to go up 50% per year.
But people are buying way more complicated instruments that yield 3-7%
Why isn't that capital being used for BTC backed loans instead?
My pick is A, because you put it first. Also it has a lot of land for growing food, and also, its closest to civilization so you can quickly get groceries when your dream of gardening inevitably fails.
B has a cool river, and old store building, but looks like it's close to a busy intersection. River isn't your property so can't easily use it for hydro power, etc. River could be a concern if floods are common.
C has irregular property shape and is way too close to the neighbors.
If there was an "official process", then bad actors would try to abuse the process.
Just because Bitcoin Core changes its code, does not necessarily mean "the rules" (i.e. consensus) has changed.
Truth is not the goal of social media, getting advertisers is the goal.
Advertisers like audiences who are frustrated, searching, and losing hope so that you are more likely to click on ads and pay for a solution.
171 sats \ 3 replies \ @nullcount 7 Sep \ parent \ on: The Cost of a Bitcoin Node - Eric Voskuil bitcoin
Its okay to be a "burden" that's what the infrastructure is for. A new node doing Initial Block Download (IBD) is definitely occupying network's resources.
The marginal user isn't "helping" the network very much because they're not able/willing to upload terrabytes of block data to other new peers doing IBD. It takes additional configuration to share blocks using bitcoin core.
Running node is a mostly selfish act -- it request blocks from peers so you can verify them for yourself, it hoards and indexes the blocks so you can do transaction lookups without relying on a third party.
Running a node with
listen=1 and a piblic IP bind address, uploading many TBs of blocks per month is a mostly altruistic act -- The most trusted altruistic nodes are listed in the seed_lists which bitcoin core nodes use to find their first peers on initial startupNow show the price of storage in BTC terms! Running a node gets exponentially cheaper if you invested your BTC into your node instead of saving in fiat for node upgrades.
Lightning nodes, especially, can benefit from more expensive hardware like ECC RAM, RAID volumes, UPS, dual uplinks, etc.
The marginal new node is a net burden to the network. Unless it is actively listening for inbound connections and "seeding" blocks to peers, most nodes are just "leeching". To seed blocks, you need public IP and lots of bandwidth. Arguably, bandwidth is the "scarce commodity" which sets the floor price for a node. Many ISPs will throttle you after 1TB of usage in a single billing period.
Telegram is designed to be a honeypot for scammers.
IMO, any company who conduct business on Telegram are committing gross negligence when their customers get scammed.
1 BTC is plenty to start. Knowledge about the protocol, systems administration, good business acumen, and creative financial engineering are what separates the pro from the hobbyist.
Your "edge" as a node is your ability to select, size, and sustain high-demand channel liquidity at competitive prices. Your revenue can disappear if some other node decides to compete with you. It's a race to the bottom to find out who can price the liquidity most effectively.
It's not exactly the kind of business you want to depend on to fund your lifestyle, unless you're confident in your edge and competitiveness. With automation, a node could become a 0.1-person operation (mostly passive).
Just because you decided not to become a professional, does not mean LN is centralized.
You also have to be a professional to run electric/plumbing/HVAC, etc. yet, you can still find many people with with those professions in nearly every town! Pretty decentralized considering the level of training/licensing/insurance required.
I don't think jobs are the problem. A rebranding to "microjob" seems pointless. Parents can pay for chores, but honestly, I think paid chores only sustains the dependency problem.
Real jobs exist already, I saw a couple of 16yo kids mowing lawns this weekend. Respect the hustle, they could probably make more than their school teacher's salary in one summer if they had enough clients.
There's also more opportunity than ever to be entrepreneurial, leveraging online to find a market for your hobbies. Maybe kids are moving towards this form of "employment" and it just doesn't show up in the jobs data yet.
More likely, I think kids are delaying work because they have parents who are overly eager to support them well into their 30's.
Before you can use the best store of value, you need value to store in the first place.
We should be trying harder to bring back child labor. If they spend their best years trading time for money, maybe they'll think twice about what SoV to keep their money from melting long-term.
Does each dot represent the (approximate) Geolocation of a node? Or is it only right up to the country level? I mean in the US, the brightest dot falls in the middle, likely in Kansas state, is that reliable?
Mempool uses the MaxMind GeoIP database. It attempts to map every public IPv4 or IPv6 address to a country, state, city. It's not perfect, but pretty accurate.
However, most LN nodes use Tor only and don't have an IP address to track. Additionally, some nodes have many IP addresses in different countries. Nodes can also trivially set up a proxy to make their IP address look like its coming from the country of the proxy and not the country where the actual node hardware is hosted.
The vertices represent the connecting channel, with the amount? Does it mean any transaction below the amount is likely to pass through between those nodes?
No. That's capacity, for a tx to work, you need liquidity in the direction of the payment.
I am not a node runner, but use custodial lightning sats with the Blockstream Green android app. Can I find a node corresponding to Blockstream and its channels?
Maybe blockstream's node is one of these: https://amboss.space/search?term=YmxvY2tzdHJlYW0=
You can generate an invoice using your wallet, and paste it into lightningdecoder.com. It will tell you the pubkey of the destination node for that invoice.
Suppose a pay at a coffee shop in Hong Kong using Blockstream green. How do I figure whether the node has liquidity to handle the transaction?
Only way to know is to try! You wallet will attempt dozens or hundreds of possible paths looking for one with sufficient liquid to process the payment. Most wallets will automatically make the payment once it finds a route. However, if you're a wizard, you can probe the path first to see if there is liquid without actually sending the payment. This involves custom route building and crafting custom onion htlcs.
work is how luck manifests itself
nobody cares how hard you work
results are all that matter
play games where you have an edge
size your bets so you don't go broke
play enough games and, statistically,
the results will look like luck in hindsight
the game doesn't play itself on your behalf
you have to put in the "work" to actualize each result
Honestly, your first "efficiency action" should be to consult AI about these questions. It can provide personalized suggestions.
There are plenty of processes and methodologies to improve efficiency and reduce waste in digital production!
- automation - API's, scripts, build pipelines, LLMs
- standardization - templates, checklists, scheduled actions, routines
- quality control - tests, CI, peer-reviews
- ergonomics - single-task UIs, emulate devices in software so you don't need to switch between physical gadgets, no wasted clicks, use keyboard shortcuts, macros, don't touch the mouse!
- continuous improvement - team retrospectives, root cause analysis, daily stand ups, team operating agreements as a living document
LEAN, Agile, Scrum, Khanban are all widely adopted systems of streamlining production of software, content, media, etc.
anyone observing me would have to conclude that I'm basically the exact opposite of efficient.
sounds like a "you" problem
Everything in cyberspace is trying to steal your attention. You have to actively resist and put measures in place to "improve your workspace".
Computers are a bicycle for the mind. Part of the reason there is no standardized blueprint is everyone's mind works differently. But if you're feeling inefficient while harnessing your computer, you should try identifying the wasteful motions you make on a daily basis and look for ways to improve.