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381 sats \ 7 replies \ @optimism 26 Oct \ on: No clear way to run an SSP without a business relationship with LightSpark? bitcoin
Not a big fan of telling people/orgs what to do with their money unless I'm on their board. Interesting point about the API call though, that's crazy.
Best advice is still: try to learn running your own node. Justin's making great progress into making that easier.
348 sats \ 19 replies \ @optimism 25 Oct \ parent \ on: Are Cashu mint operators breaking the law? bitcoin
Oh, I'm not normal. But I'll give you my opinion of the interpretation that I'd want to see, so that you also know the opinion of the insane and can keep track of that in a special column.
Background: I think that any IOU-based bitcoin (cashu, on-exchange, L-BTC, WBTC and many terribly worse association scams that are fully decoupled from BTC like Saylor's stonks, perps and ETFs) cannot be a permanent solution for Bitcoin-as-freedom-money. This means that for me, developing protocols that cannot work without IOU-ness can only be a temporary solution at best and any tech integrating it must be considered throwaway.
Assertions:
- Large scale custodial convenience services are a recipe to make people get rekt: The mint is a custodian and you rely on its functioning to get your IOU-sats out. If the IOU isn't honored, the value of your IOU-sats declines.
1 IOU-sat != 1 sat. From this perspective, let it be illegal. Best way to have recourse against scammers other than murder. - Small scale custodial convenience however, where you "Uncle Jim" service your family members, neighbors or social activity groups for example, should be possible, because this allows people to help each other out. From this perspective, let it not be illegal.
Luckily, offering a
commercial service is definitely money transmission. Offering a service free of charge, probably shouldn't be, but I'm not sure how that would be interpreted. I hope that it would not be that.Feel free to apply that to whichever cashu mints you were thinking about.
We spend so much time defending ourselves against FUD like "Bitcoin is only used by criminals" and "It's just for money laundering" that we forget what it is that Bitcoin actually does:
indeed. It's like playing defence when you should be playing offence; NO MONEY is any good unless it's used by criminals and/or work well for "money laundering" (whatever the fuck that is)
Thanks, @Scoresby! :)
I think a couple of things raises questions, in addition to the BIP giving the impression of being hastily written and not thought through. Like:
Does this cause a chain split?Generally, softforks do not cause chain splits. However, since we are rejecting an already-mined block proposal, this softfork does indeed cause a chain split. In fact, that is an important part of its purpose: to keep the illegal content storage in block out of Bitcoin.To achieve this, the softfork must activate retroactively, invalidating that block and all its descendants. The prior segment of the blockchain including this block will eventually (hopefully quickly) be discarded entirely, as the network adopts the softfork proposed herein.
I also wonder about the implications of future developments. Like, say a node runs this BIP, and we get a new versions of tapleaf or segwit. What will happen to these nodes assuming they do not upgrade the node software they are running?
Disclosure: I am unfortunately not funded by any side of the spam "war", and so am just trying to understand what to do to avoid shooting myself in the foot.
325 sats \ 7 replies \ @DarthCoin OP 27 Oct \ parent \ on: My 2 sats constructive critique for SNL meta
Car is just throwing the "dead cat" into k00b hands, because he didn't read any of the posts...
We know that both do not have time to read all the shitposting on SN... but this shows quite disinterested into WTH is going on in SN...
Congrats, a similar epiphany changed my course 7-8 years ago, highly recommended.
Naval was a big nudge factor, he has a way of making things pretty succint:
“I’m always ‘working.’ It looks like work to others, but it feels like play to me. And that’s how I know no one can compete with me on it. Because I’m just playing, for sixteen hours a day. If others want to compete with me, they’re going to work, and they’re going to lose because they’re not going to do it for sixteen hours a day, seven days a week.” ― Naval Ravikant
I'm fascinated and inspired by these two posts. You must have had a pretty high position if you were riding the private jet of a CEO whose call foreign dignitaries take. And yet you left it behind to pursue your passions?
I'm curious, what did you used to do and what is it you'll be doing now?
In the longer term, eclipse attacks aren't sustainable. All you need is a single path to a miner that is willing to mine your tx. If I eclipse you for 99 out of 100 slots, my attack fails because you still have 1 path. The human factor (the operator) negates this ultimately, here's how:
Say you find you've been eclipsed and none of your txs go through. You restart your node but you're dealing with some awful trolls and they eclipse you again. If you're on SN, you just ask for help in the saloon and I'm sure a stacker will give you an ip or onion to
addnode. Worst case you turn off incoming and outgoing automated connections and curate your peers for a while.You can also just paste your signed tx in the saloon and then all stackers can do
sendrawtransaction for you.Humans generally help humans and as the remedy takes minutes, say an hour at most, there's no big deal. Which is why if I were me, I wouldn't be worried about getting eclipse attacked to censor my txns; the remedy is fairly easy and the attack costs are rather high.
Hi Stackers!
Ten years ago, some of you might remember my little project: Bitcoin Fax. It was (and still is) a fun experiment in mixing the ancient tech of fax machines with Bitcoin.
Now, I'm back to experiment with an even older technology: the postcard.
So what is it?
Take a photo during your travels and send a real, physical postcard to your loved ones anywhere in the world.
No stamp hunting needed! Just come armed with a photo and some sats on the Lightning Network.
Please let me know what you think :)
Thanks for sharing and well done. I hope this means you'll be 'around' a little more.
I haven't yet read the piece yet, but what you shared already resonated with me.
I left a position in August, a dying enterprise. Besides, the work had started to feel morally compromising which was the main reason I'd walked away. I had nothing else lined up so the next few weeks I took to myself as I looked elsewhere. Now I've found something I enjoy doing more and the pay is actually better.
Not sure how that works. Maybe there is something bigger at play.
@remindme in 8 hours to finish reading
Ah man. Not sure what to say haha. 28... 16... probably for the best nothing happened. Too bad this encounter wasn't 7 years in the future
I am thinking a 2 of 3 multisig setup where the senior staff pastor (a paid employee of the church) holds 1 key, and two elders (laypersons not paid by the church) hold the other keys.
Who handles the fiat?
A tricky thing is that the lay elders rotate every 6 years. So every 6 years, one elder is going to have to pass the keys to a new one. Would it make more sense to create new keys for the new elder, and move the bitcoin to a new 2/3 multisig address instead of transferring the old keys?
Yes. NEVER give a key to someone, because then 2 people know it. Rotate the keys, move the funds.
Lastly, thoughts on whether self custody even makes sense.
Yes, brave new world.
After browsing some of @elvismercury's links today I found this discussion between @cryotosensei and @Undisciplined about MBTI and I completely forgot that that exists.
So I got a bit curious and figured that maybe now that I feel myself a hot mess, and after a longer time of not testing this, I am something sensible. But no, I'm still INTP-A. Aka a non-conformist who makes any struggle that isn't real, really real. It's not even far off, which is worrying.