Fargo

Oil n gas baby

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nostr.wine

relay.damus.io

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Last Notes

2026-06-26 13:46:20 UTC

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He found the Achilles heel eh

2026-06-18 15:44:25 UTC

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I agree we should raise taxes. But the last time we did that to solve our debt problem was WWII. The debt problem is worse now, and we also don’t have a world war to help politicians push the legislation through. In addition, since the dollar is untethered, they can simply print and kick the can. So the obvious first step to me is to tether the dollar to something that cannot be printed.

2026-06-18 15:18:55 UTC

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Ok, I’m listening. What’s your solution to the debt problem?

2026-06-18 15:14:53 UTC

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That argument is actually another point for me! It’s another example of the ills of the US dollar. Why is there a monetary system that can collapse and cause the suffering of billions of people? Perhaps the federal reserve exacerbated the problem it was created to solve?

2026-06-18 15:09:19 UTC

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You must be kidding. This exchange really showcased how two people can disagree and still get along!

2026-06-18 15:04:23 UTC

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Ok, good talk.

2026-06-18 15:02:42 UTC

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Yup exactly. Because this predicament is all my fault. I actually advised President Wilson to create the federal reserve and then convinced Nixon to leave the gold standard through my cunning genius. All so I could get rich 50 years later. Or maybe, just maybe, there are people in this world that can see two things at once. The dollar system is exploitative and broken Mike. The bitcoin network is voluntary and opt in. If people are getting rich through such a network, maybe it’s because at its root is a design that resonates with people.

2026-06-17 20:16:19 UTC

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What’s your favorite thing about the US dollar, Mike? Perhaps the funding of forever wars? Or maybe the financialization of everything backed by too big to fail banks? Do tell

2026-05-19 13:43:50 UTC

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The sad truth of p2p bitcoin. Most no-kyc coins on p2p exchanges are flagged. In an ideal world we’re all living on a bitcoin standard buying and selling bitcoin for goods and services directly and compliance bros have no work

2026-04-18 02:34:51 UTC

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Odell wins more but Marty wins big. There is balance over at rhr

2026-04-11 16:35:50 UTC

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What dystopia do you live in where you are coerced to buy things lmao

2026-03-23 21:44:25 UTC

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I can’t see the images linked and when I click on one to copy paste it votes instead…

2026-03-17 20:30:00 UTC

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Still?

2026-03-15 08:31:32 UTC

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So you are saying that these spammers will NOT be deterred by increased monetary costs but WILL be deterred by the inconvenience of splitting their spam into multiple transactions. That’s just a strange position to take.

2026-03-15 00:54:33 UTC

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Sure it was. If fees were higher people wouldn’t want to bear the cost of spamming on chain. They would use cheaper alternatives

2026-03-15 00:47:52 UTC

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Don’t tell me you can’t get simple definitions right either 🤦‍♂️

2026-03-15 00:47:07 UTC

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Right, but immutability is referring to transaction finality. Meaning you can confidently transact peer to peer without intermediaries and without fear of the transaction being reversed or changed. v30 did nothing to this feature of bitcoin.

2026-03-14 23:24:48 UTC

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Do you know what immutability means? v30 did absolutely nothing to the scarcity or immutability of bitcoin

2026-03-14 22:30:42 UTC

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Bitcoin breaks with the removal of the default op_return limit on the reference client, is that what you are saying?

2026-03-14 19:39:06 UTC

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And what is so prohibitive of using multiple transactions to spam when the fee market is non-existent?

2026-03-14 05:53:50 UTC

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You do realize that spammers can circumvent rate limits by broadcasting multiple transactions, right?

2026-03-13 16:08:32 UTC

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Again, fee market is the only effective rate limit

2026-03-13 16:07:51 UTC

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What rate limit are we really talking about when fees are less than 1 sat/vbyte?

2026-03-13 14:04:49 UTC

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My point was that bitcoin should still function as intended even if blocks are full. If it doesn’t, we need smaller blocks. Look I see your point that spam is a strain on the network and I agree, but this is in an environment where fees are less than 1 sat/vbyte. It’s not surprising fees aren’t outpricing spam. Censorship of the network is a short sighted solution to a problem that was already solved in the design of the protocol with fee market & blocksize limit. If bitcoin becomes a valuable monetary network the market will solve the spam problem naturally.

2026-03-12 08:15:55 UTC

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1) isn’t related to OP but agree paper bitcoin = bad
2 & 3) again, blocksize limit. Are you suggesting that blocks should be smaller?

2026-03-11 13:09:06 UTC

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Dude haven’t you been in bitcoin for awhile? This post makes it sound like you never understood the value prop that was still very clearly explained when I started paying attention to the space. Bitcoin’s value comes from the fact that (1) it can’t be diluted. 21M. And (2) I can easily run a node to verify bitcoin sent to me and broadcast bitcoin I want to spend without any intermediary. Nothing you’ve just complained about has to do with that. And I’m not sure if you are misunderstanding op_return or what but can you explain how the recent change affects bandwidth, ram, or storage for noderunners? I know for a fact the block size limit prevents storage concerns but open to your opinion on bandwidth and ram, though I’m fairly confident the impact there is trivial.

2026-03-07 16:52:55 UTC

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How exactly was the world right side up in the 19th century?

2026-02-25 15:37:01 UTC

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This post is about a mining pool though.

2026-02-24 13:13:32 UTC

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It has to be by definition because they only accept a subset of transactions

2026-02-24 13:11:54 UTC

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The mempool is empty bruv

2026-02-24 13:09:33 UTC

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Did you increase your stack selling into bitcoin cash? You think there will be another opportunity like this with BIP110 or is this time around gonna be peanuts in comparison?

2024-12-15 18:54:16 UTC

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Nostr course?? Pls share