Great extract. Hope to get back to this with a bit more time to read the whole piece.

I haven't read Scott in a while, thanks for sharing him here...

I guess?

Reality has kinda become a stream of random pieces of news that make me feel like they matter, but a day after, it already feels so far away. I observed the same thing with the martial law news here. He's in prison now. Yet, nothing really mattered in the end, at least for the impact it has on my daily life.

Maybe that's just a symptom of getting older and more cynical?

People you dislike often represent a characteristic about yourself that you don't like. I think it's called projection. It's easier to see these characteristics in others than in yourself.

Accept that fact so (i) you have no reason to waste mental space disliking that person and (ii) you use it as a learning experience on how to better yourself.

I got an email to confirm my payments for

Mining Party 10 TH/s @ 14 days - lot 030 Mining Party 10 TH/s @ 14 days - lot 034

I also paid for lots 031 and 032, but did not get the payment confirmation emails for those ones. Can you confirm they are accounted for?

Yeah, that wasn't really justified. I forgot that Facebook's model is open-source (up to a point).

I've played a bit with it too. The DeepThink looks cool. It was pretty interesting to see it write: "but wait..." and each time go off on a tangent. It didn't improve much the quality of its response without DeepThink, but all in all, was a better experience than the completely free ChatGPT model. And the question I asked would have required really advanced reasoning to give a good answer.

Will try to use it as my default this week and see how it compares in terms of coding productivity.

Can someone ELI5 me the tradeoff related to client-side validation with local history versus global history on the main chain? I know it was a point of contention between the believers of RGB and its detractors, but I haven't followed much in recent years.

Related: #821343

Cool! I got a GitHub and a Mastodon link.

Now do it with a lightning invoice encoding different amounts~~

Yeah, this is the eternal struggle between the interests of the employer and the employee. Thanks for sharing your hands-on experience. I recently applied for a job in Spain and I feel your pain in terms of the paperwork required to get everything in order in time.

Haha, even more shitcoining.

I agree it attracts gamblers. My bets are coming from my gambling budget. I would never touch my cold sats for this. I'd argue that maybe bitcoin only prediction markets are less likely to succeed as there are more degen gamblers in the shitcoin world. But then we have ordinals, so maybe that's a wrong assumption.

I also agree with the fact i prefer short term markets. I don't like too much to lock away too many sats for the whole of 2025 for instance before a market resolves. Even if i can close my position before resolution. But i have some long term ones, so it really depends on the market.

I think the zero sum argument is only valid for completely efficient markets with high liquidity. I am particularly drawn to the markets where i can tilt the odds myself and benefit from some mispriced odds.

So i guess maybe as a real tool to predict the future, they are not as great as initially hoped or expected. But there is definitely a market for it. And some markets have been pretty good at predicting election outcomes, no? Even when traditional tools failed to predict the outcomes.

Agree on this.

What say you, @mega_dreamer?

Yeah, I was definitely not thinking about it being useful for the individual. But if 1000s of people consider this lottery mining as something they are willing to pay for (without likely profits), as an aggregate, you start forming the equivalent of a small pool of "idealistic" miners, who likely will have less pressure to censor.

On second reading, I guess that's what you referred to as "widespread adoption of "byproduct hashpower".

I agree.

Plenty of keywords for me to look into. Thank you for taking the time.

Indeed.

I felt for him though as he recently had to sell part of his stack due to his partner incurring big losses due to leveraged trading.

I wonder if there is any argument to be made for a future where solominers play a role again. I guess their aggregate hash power doesn't even show in the chart above?

Got it. I'll research it a bit more. Feels like I'm just theorizing without much fundamental knowledge.

A final question, are there metrics that take into account intangible benefits such as healthcare, pension, etc that may partially compensate for the lower incomes (and/or higher taxation reducing net income) in Europe when compared to the US?

Putting aside again personal beliefs in terms of the morality of taxation, efficient use of resources, etc. And the likely lack of sustainability of the social system the way it has existed in Europe for decades.

Very entertaining read. Not sure if it'll work out the way it is being theorized, but it's a neat example of game theory potentially leading to the best outcome for Bitcoin.

A colleague at uni, in 2017. He told me about it, and mostly recommended me to listen to videos from A. Antonopoulos. He quickly made me realize that my little sidestep into XRP during the 2017 bull run was a padawan's mistake from someone who didn't see the big picture. I then completely switched to Bitcoin in 2018. Went to a LN hackathon and was hooked ever since.

Actually, I did go to a Bitcoin meetup sometime before all that in 2016 in Seoul, but the speaker did not manage to convince me that it was anything else but magic internet money.

As a side note, my colleague almost got hired for a professor position on Blockchain and AI, but the position never ended up being created. But that colleague knew the technical ins and the outs of it all, and I owe my current fascination with it mostly to him.

I see. It's good to have something consistent.

Does this metric get skewed by the big FAANG-style companies, or is the impact small? Probably talking out of my ass here, but is there some kind of "average" versus "median" effect here? As I mentioned in another comment, seems like European regulations are mostly damaging to the development of super-big companies, but not necessarily to the proliferation of small companies that can benefit from subsidies that are supposed to stimulate innovation. Subsidies themselves have lots of other known problems, including inefficient allocation of resources, but just trying to see things from a different angle today.