Judge Hardcase

Public Key

npub1k7v6uflqxu9js45e8ek53u2azefe6j49r7lna0da90zq7c9y6f0q8x7ehv

Profile Code

nprofile1qqst0xdwylsrwzeg26vnum2g79w3v5uaf2j3l0e7hk7jh3q0vzjdyhspzamhxue69uhhyetvv9ujumn0wf6xjueww3jkx6qpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhg99tu2a

Publishing to

relay.nortis.tech

relay.primal.net

Author Public Key

npub1k7v6uflqxu9js45e8ek53u2azefe6j49r7lna0da90zq7c9y6f0q8x7ehv

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Last Notes

2026-08-04 12:37:57 UTC

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ah... I think I understand: even if there were a perfect machine (which we wouldn't even be able to verify if there were), it still wouldn't be able to instruct a user how to not do any of the unknowable number of things that could produce a dice roll with an entropy that contains an unknowable degree of imperfection. Is that about it?
Fair enough. I'm still going to take my chances with dice (more likely, coins, actually). I know I can't trust them (or myself) for absolutely perfect entropy; but at least, I can know I can at least verify my seed is determined from the albeit faulty entropy that I end up providing. Conversely, I can neither trust nor verify that a signing device is even using an RNG the way it claims to be.

2026-08-04 11:47:48 UTC

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I agree risk can never be completely eliminate.
I'd like to explore the rolling dice is a known failure assertion a little further. It is absolutely known to be prone to failure - particularly due to humans tending to lose focus while doing something tedious.
My position is with a little care on the part of the signing device, this risk *could* be greatly mitigated with a helpful UI process that methodically forces the user to be guided step-by-step: roll-by-roll, word-by-word.
At worst, the user is only cheating himself rather than unwittingly taking the risk of being cheated by the signing device.

2026-08-04 11:22:08 UTC

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This is the 'answer' I'm proposing:
If it's not absolutely necessary for a cold storage signing device to be using any form of an inherently not able to independently verify RNG at all, then it's not worth the risk.
If you disagree with any part of it, I would love to have a discussion so that *I* may be enlightened as to why I'm wrong.

2026-08-04 10:49:39 UTC

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I understand what you're saying. But in light of the Cold Card fiasco, if tomorrow's state-of-the-art cold storage signing device offered the following options for seed generation, which makes more sense (I'm going to use coin flips instead of dice for my example because it's easier to describe (and I like coins better) - but the same principles could be applied to dice)?
Option 1) Coin Flips - You will enter each of the results from 11 coin flips; 1 at a time. Do the coin flips for real, and do your best to ensure the coin(s) you use is fair. If you cheat and just pick heads or tails in your mind, your seed will not be secure! After the 11th flip, I will present you with the associated seed word. We will repeat for each word in your seed phrase. You can follow along with a widely available list of words to ensure that each word I give you indeed matches the 11 coin flips you entered. The flips you provide for the final word will be modified to incorporate a necessary checksum - which you can also verify against the results from entering your new seed phrase into any number of other signing devices by any number of other vendors - if you are so inclined (but the the entropy provided by your seed phrase less the final word is generally accepted as very, very good, anyway - indeed, the entropy from 23 words of a 24-word seed phrase is certainly more than overkill);
or, Option 2) Random Number Generator - I will provide you with a seed phrase generated by my RNG. You won't be able to verify this process at all for yourself. But, I've vetted it. And, it may have even been vetted by someone else as well. Trust me, Bro!
I would love to know if there's something I'm missing here, but if it's not absolutely necessary for a cold storage signing device to be using any form of an inherently not able to independently verify RNG at all, why take the risk?

2026-08-04 09:26:57 UTC

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1-6 is correct for the column headers I used; but I understand that I've caused confusion. The column headers are indeed 6 bits - 3 on either side of the dash. I simply included the first 1-3 'page' bits as part of the column headers as well because I though it was easier to match to the worksheet that way... but the point is made that it's probably not as immediately intuitive as just limiting the column headers to the column-specific bits... Thank you. I will likely end up changing that.

2026-08-03 19:15:22 UTC

Hello Friends!
All of the entropy generation talk has inspired me to put together what I hope is a useful aid for generating seed words from coin flips. I suspect something similar already exists; but, I wanted to make my own exactly as I wanted it; and I thought I'd share it.
If you think you might be interested in doing this, but it's not exactly clear to you what this process entails, I highly recommend reading the note at the start of the instructions section before going any further. It may easily turn out that this process is not for you.
If you already know what you're getting into, I hope to have made the rest of it intuitive enough so that you should be fine to skip the instructions.
Instructions:
https://drive.google.com/file/d/1esU_VnMGXjNQrY7FcehDZlcFqMKW999V/view
Small print (more compact) version:
Worksheet:
https://drive.google.com/file/d/1oTrz6Dd0DtLznozeH0JVljUsGOTcYkFx/view
Lookup Table:
https://drive.google.com/file/d/1zrQwBR5781qwr2luXI29RBBo8PgqnZNT/view
Larger print version (for those of us with less than supernatural vision):
Worksheet:
https://drive.google.com/file/d/1rrczg6roAEO88UzLXwtrVrcSy68Sagln/view
Lookup Table
https://drive.google.com/file/d/1jHII0iqJVu2UPUCA6RnmvKt26F-_KAAu/view
If you find this aid useful or know someone you think might, feel free to share, download, improve, or do whatever else you want to with it.

2026-08-02 02:31:39 UTC

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BTW, if you would prefer to avoid using bluewallet altogether for determining your final checksum-valid seed word, there is another dead simple, but more tedious alternative:
For a 12-word seed phrase, just enter your full seed phase that you generated yourself into any bip39-based wallet you prefer. there is a 1-in-16 chance the final seed word also happens to be a checksum-valid seed word... if so, you're good to go. If not, the wallet should reject it. So, just try the next word in the list to see if it's a checksum-valid seed word, and continue until you find one. Every group of 16 words has 1 checksum-valid word, so worst case, it might take 31 tries before you finally find one. How tedious this ends up being depends on how easily the wallet you are using lets you try to enter a particular seed phrase with a different final seed word. (again, make sure you update your written down seed phrase with the new checksum-valid seed word. then delete the wallet so you can enter it fresh again to verify you have it written down correctly).
For a 24-word seed phrase, the chance of a seed word being checksum-valid is 1-in-256. This could easily result in 100s of attempts before finally finding your last word. That would obviously be unbearable no matter the wallet.

2026-08-01 21:04:48 UTC

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I am intending to produce a more useful guide very soon; but I didn't want to leave you hanging in the meantime:
Here is the list of 2048 available seed words (english version) - numbered 1 - 2048.
My recommendation would be to get 11 coins. Shake them up; then stack them without paying any attention to their heads/tails orientation. Next, one by one, record on a piece of paper - in order from top of the stack to the bottom - whether each is a heads or a tails. Then convert that record to 1s and 0s. (eg. heads = 1; tails = 0)
Your result should be an 11-bit binary number (e.g.: 01110001010). Convert this binary number to a decimal number (e.g.: 01110001010 in binary = 906 in decimal). Add 1 to account for the list provided beginning with 1 instead of 0. (e.g. final result is 907). Look up the word from the list by its number (e.g. 907 = image). This is your first seed word. Repeat as necessary to form either a 12-word seed phrase or a 24-word seed phrase. *I highly recommend doing all of this offline. Don't cheat by using an online binary to decimal converter. It's easy. If you're not sure how, you should be able to easily find a simple guide online.
Having said all that, this is where it gets a bit tricky: the last word needs to contain a checksum. And you can't really figure that out manually. The easiest thing to do is use bluewallet (link below)... because it has a tool "Tools > Seed final word" that will provide you with a valid last word to replace your 12th or 24th word as applicable... make sure you replace the last word you had generated on your own (or maybe only generate 11 or 23 words to begin with since you're going to let bluewallet choose your last word for you). Unfortunately, bluewallet might be the only mobile wallet I've heard of that offers a final word tool like this... but after you update your seed phrase with the final word bluewallet provides, any other bip39-based wallet (pretty much all of them) should accept your new seed phrase.
*NOTE: I'm assuming here that you already understand that mobile wallets already come with other additional inherent risks beyond an offline cold storage wallet.
Normally, a 12-word seed phrase is 128 bits of entropy. By only using 11 words you generated on your own, and if you assume the worst case that bluewallet's 12th word didn't actually add any useful entropy, that still gives you 121 bits of entropy which is still considered very, very good... though 253 bits of entropy that 23 seed words you generated by yourself gives you (plus 1 word added by bluewallet) would be even better.
https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt
https://bluewallet.io/

2026-08-01 12:15:17 UTC

A message to all BIP39-based wallet providers (to include signing devices):
Please make it easy for users to bring their own seed words. I'm referring to assisting a user who has generated their own seed words manually to land on a final checksum valid word.
Ideally, a user should be able to generate their own seed phrase offline with indifference to a checksum. Then, when a wallet they try to enter it into for the first time detects an invalid checksum, the wallet could offer to provide the associated checksum-valid final word; so that the user may update their own physical backup and reenter their entire seed phrase for checksum verification.
I realize some wallets already offer some version of this "generate final word" assistance. It really seems like this should be expected as a standard now for all wallets.
Also, might be best to start encouraging users to be generating their own seed words rather than relying on a wallet to tell them what their seed words will be.
PS. Thank you! Your work is greatly appreciated, and probably doesn't get the full recognition that it deserves.

2026-08-01 00:24:34 UTC

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this attack was allowed by a coding error that mistakenly generated much weaker than intended entropy for seed generation.
bottom line: any wallet developer is capable of making a similar mistake.
This can be mitigated by not relying on any wallet to generate your seed words for you. Instead, you can generate your own near-perfect entropy offline simply by letting 11 coin flips choose each of your seed words from the list of 2048 BIP-39 words. Then tell your mobile wallet what your seed words are rather than the other way around.

2026-07-31 16:25:31 UTC

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agreed. when it comes to seed generation: don't trust; verify... and since you can't really verify an RNG, just do it yourself.
In fact, IMO, all signing device providers probably ought to just stop offering to provide entropy for you.

2026-07-29 16:47:44 UTC

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FWIW, Congress does have the power to compel testimony via the granting of immunity - which shouldn't really be an issue considering President Biden had already granted Fauci a preemptive pardon.
That Congress didn't bother to grant Fauci immunity in exchange for his testimony is just an indication that Congress isn't really interested in uncovering the truth (as shocking as that may seem).

2026-07-26 20:00:12 UTC

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Naturally, the dog just considers the things on 2 legs to be the responsibility of the guard on 2 legs.
"I spot a squirrel 100ft away, and I'm right on it!
My human just lets other 2-leggers enter the house all the time without so much of a butt sniff."

2026-07-14 13:00:32 UTC

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Removing federal senators' accountability to their respective state legislatures couldn't have been a more clear consolidation of power.

2026-07-14 10:02:04 UTC

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IMO, 'fail' is a bit loaded in this context. The ability for even a small minority to fork off out of a perceived existential necessity is absolutely vital to the health of bitcoin overall. (though, I'm not convinced such a necessity is actually being perceived by most bip110 supporters)
That being said, if bip110 were to split off with say 5% of the hash rate, I find it hard to imagine them being satisfied with the corresponding 200-minute block times until they finally reached their first difficulty adjustment ~40 weeks later. I think it's much more likely in such a scenario that they would just pivot to a hard fork instead in order to adjust the difficulty right off the bat (which would then fairly be viewed as a failed soft fork attempt).

2026-07-11 14:00:12 UTC

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https://xcancel.com/adam3us/status/2075884851794735602

2026-07-08 16:06:01 UTC

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https://npub1k7v6uflqxu9js45e8ek53u2azefe6j49r7lna0da90zq7c9y6f0q8x7ehv.blossom.band/b27992022f39b90c36364a4a9e586795b8130ca912bb5fdc0ce6a7f92126f2d3.gif

2026-07-07 20:34:33 UTC

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Suddenly, my craving for a grilled cheese has morphed into a craving for a monte cristo.

2026-07-07 20:05:15 UTC

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https://npub1k7v6uflqxu9js45e8ek53u2azefe6j49r7lna0da90zq7c9y6f0q8x7ehv.blossom.band/58ebccdd1914d4d45c1fa463b917c77c731811476efcf0c9e07254788cf67be6.gif

2026-07-04 01:28:46 UTC

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I'm pretty sure selling their nightstands is just the last step before selling their chairs. 😉

2026-07-03 21:46:19 UTC

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So... never mind, I guess, that in that very document that declared freedom from British rule, the signees thereof also declared themselves to be "the Representatives of the UNITED STATES OF AMERICA"?

2026-07-02 16:39:41 UTC

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The truth is that I don't really know how I'm supposed to Nostr... I suspect there's a very good chance that my reach is limited by my lack of understanding in how I should be making use of relays.
* If so, I'm sure it's entirely my own fault... I've just been too lazy (so far) to put in the effort to learn.

2026-07-02 15:28:10 UTC

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My bad... I sometimes forget that not everybody had been involved in as many pointless arguments on the interwebs as I have over the years. 😜

2026-07-02 14:59:18 UTC

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just pointing out (poorly) that purity tests are just a form of the No True Scotsman fallacy.

2026-07-02 14:33:08 UTC

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You, sir, are No True Scotsman.

2026-06-28 16:07:11 UTC

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It feels like Trump declared victory; then, everyone pointed out that 3+ months of his war didn't change anything for the better; so, he decided the war had to go into overtime (and I'm assuming he's just going to blame Iran... if he isn't already).

2026-06-28 16:06:25 UTC

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2026-06-28 13:58:13 UTC

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O, it's in motion alright. Unfortunately, motion doesn't imply in which direction. 🤣

2026-06-27 02:43:45 UTC

My base case (by far) is that #BTC starts going up again, and #Strategy continues to be fine (indeed thrives) for the foreseeable future.
If, however, BTC stays too low and/or goes much lower for a long enough time, the first real crack in the armor will be the first missed dividend payment... in #STRD... because that's obviously the buffer that STRD was built to be (nevertheless, people will freak out that Strategy missed a dividend payment.
If stress then persists even further, Strategy will eventually make the decision to permanently suspend dividend payments on #STRC... but only after systematically lowering the dividend rate as quickly as possible as low as it will go - because (as I understand it) once dividend payments are suspended, the rate is frozen, and those dividends will continue to accumulate on paper potentially forever.
In this latter case, a substantial amount of BTC is likely to be sold while navigating these troubled waters; but there's no way Strategy sells anywhere near all of their BTC just to be able to pay STRC dividends that they have complete discretion to suspend indefinitely at any time for any reason.
Anyway, that's how I see it. Full disclosure: I have no intention of ever getting anywhere near any of these fiat games myself.
* this is not financial advice. 😉

2026-06-27 02:12:57 UTC

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e.g.
#nevent1q…7r0s

2026-06-26 14:34:22 UTC

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Nostr's inherent incentive is that it's freedom tech. Most normies just don't yet care about freedom tech.
IMO, it's a waste of time trying to convince someone by dangling an incentive they just don't care about. Instead, I would try to educate them (assuming they are at all receptive to being educated) on why they should recognize freedom tech in general as being important to them - then, convincing won't be necessary.

2026-06-26 13:25:54 UTC

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"How many dice rolls is enough?... I did at least like 5 or 6... is that good?"
"Your bitcoin is already gone."

2026-06-25 14:01:40 UTC

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and... boom!
https://npub1k7v6uflqxu9js45e8ek53u2azefe6j49r7lna0da90zq7c9y6f0q8x7ehv.blossom.band/ee083bc4499451643d5f2b9d173572632de990f8994228100bed0c3f9af984c1.png

2026-06-25 13:59:31 UTC

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https://npub1k7v6uflqxu9js45e8ek53u2azefe6j49r7lna0da90zq7c9y6f0q8x7ehv.blossom.band/72eb06424a9d37c82736b5655737d52f42fdcc60aad59992154976c2b0474398.gif

2026-06-25 13:56:03 UTC

well, that didn't take long... do we have to wait until exactly $58,000.00 is achieved?
#nevent1q…88ym

2026-06-25 13:51:43 UTC

and.... Wall Street is back open (58K back in play)
#nevent1q…5002

2026-06-25 13:24:38 UTC

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same here. hmmm. maybe we should change "everything's good for bitcoin" to "anything other than nothing is good for bitcoin".

2026-06-24 20:34:05 UTC

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Well, if they end up causing trouble, we have @npub1q3s…d26p to blame then. 😜

2026-06-24 20:28:36 UTC

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So, I'm guessing since no lightning network, all their zaps are on-chain?...
It doesn't seem like it could be merely coincidence that they seemed to pop up so soon after the recent on-chain zaps mini-controversy here.

2026-06-24 20:14:24 UTC

Unsurprisingly, it looks like the the closing bell has has shut down Wall Street's shenanigans for the day, spurring on a modest after hours pump.
Until next time, 58K...

2026-06-24 19:09:23 UTC

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Yep... no worse off than shoving dollars under your mattress, I guess. 😜

2026-06-24 18:55:06 UTC

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Yeah, putting the choice of shipping company in the hands of the customer would seem like a reasonable ask.

2026-06-24 18:03:24 UTC

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The world of shipping is still entrenched in the fiat world - particularly international shipping. There is no permissionless shipping protocol in any practical sense. Coinkite does what it can to keep its own house clean; but can’t reasonably be expected to take responsibility for what the shipping industry does to protect customer data. Regardless of what Coinkite does to protect user data, there is no perfect protection. Ultimately, the onus is on Coinkite’s customers to consider these factors when taking responsibility for their own security.
IMO, the above statement would have been a reasonable response to this situation. Unfortunately, the response chosen so far has been nothing like it.
FWIW, Coinkite’s privacy policy - which indicates that the shipping company with which it must share customer data has its own privacy policy - is effectively saying this same thing when you read between the lines.

2026-06-23 18:29:21 UTC

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Here is some discussion regarding what sounds like a similar (at least) letter:
#nevent1q…pujf

2026-06-23 00:26:49 UTC

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I sure hope so... that's a lot of total posts on day 1 of joining.
https://npub1k7v6uflqxu9js45e8ek53u2azefe6j49r7lna0da90zq7c9y6f0q8x7ehv.blossom.band/e081de751b893ed0d898ce3e50013fc8e51d8a0fdf4bf47b2a5aec77156c9ac9.png

2026-06-22 17:00:14 UTC

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Yeah, it could be a middle man shipping person... but this smells to me more like the middle man shipping company itself might have been hacked - exposing past invoice data.
It's great that Coinkite delete's user data, but they can't control the deletion of the data that they had already passed along to someone else.
To me, the bottom line is, there are no guarantees: act accordingly. *and in this case, it sounds like the appropriate skepticism to an unexpected correspondence was indeed applied.
PS. It does seem like Coinkite should take more of an interest in determining if their shipping partner was the weak link here or not. Maybe behind the scenes they will/are. 🤷

2026-06-19 13:54:49 UTC

LFG!!! 🚀
#nevent1q…52ng

2026-06-17 13:40:46 UTC

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... which raises the possibility that the 0.9% fee might still apply if the merchant happened to choose to keep btc rather than auto-convert btc to dollars. 🤔

2026-06-17 13:32:21 UTC

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no 0.9% fee? Interesting. Makes perfect sense, though, to waive that fee when you're just paying one of their other clients via square (they likely aren't even actually converting to BTC since they can just adjust the custodied balances on each side of the transaction).
*I'm going to assume someone of authority there is aware of that toggle... just not the minimum wage employee running the cash register at the time. 😉

2026-06-15 16:13:19 UTC

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💯
#nevent1q…7r0s

2026-06-15 14:47:41 UTC

So, last week Strategy sold MSTR at an average price of ~$121/share and bought BTC at an average price of ~$63K. With BTC that low, IMO, this will almost certainly end up being a good move.
Unfortunately, just last month, at their Q1 earnings call, they revealed the slide below to explain when selling shares to buy BTC would be accretive (and vice versa). Based on the average prices above, prior to these moves, their BTC Reserves sat at ~$53B, and their ADSO Market Cap sat at only ~$46B - well below the "BPS Accretive Breakeven" point as indicated by their own slide.
As per usual, Saylor's biggest PR problem (and likely rating agency problem, btw) isn't that he's selling equities to buy bitcoin... it's that he keeps saying one thing while doing another.
https://npub1k7v6uflqxu9js45e8ek53u2azefe6j49r7lna0da90zq7c9y6f0q8x7ehv.blossom.band/e4a47fab9b038d1065e6ca584c37f1dbcd31219dec4a06ffe0f2616068b7f0eb.png

2026-06-12 23:34:14 UTC

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I would delete my twitter account, if I could. It was suspended about 8 years ago, and I was informed it would be reinstated after I verified it by providing phone number - at which point, I instead to decided to just abandon it out of principle. AFAIK, it still exists, but I don't care enough to verify it just so I can delete it.
For all its faults, at least Nostr is pure.
*I don't really care whether or not people quit Twitter; or whether or not they go back. Though, making a big public spectacle about either just seems like a lot of main character syndrome to me. 🤷

2026-06-08 15:46:21 UTC

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Not exactly. 15.5K in 2022 was obviously lower than the previous cycle's high of 20K in 2017.
IMO, a much better demonstration of bitcoin's 4-year 'cycle' consistent resilience is that the 200-week moving average has never trended down... ever:
https://image.nostr.build/6e20f8319a3b8f0c77b010758c48d4a41ec66c81618867ba96bb14739a17650f.png

2026-06-08 14:11:14 UTC

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It might be a good idea to stop necessarily conflating follows with 'trust'. WoT based on follows is a good starting point; but, ultimately, more granularity will be needed before it can be an actually useful model for reputation.
Do I unfollow the person? No - but, I follow plenty myself just for signal; not because I would say I necessarily 'trust' them.

2026-06-04 15:21:20 UTC

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I'm just going to take this as confirmation that Big Macs aren't made from actual ground beef. 😉

2026-05-31 14:33:20 UTC

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I'm pretty sure the cycle is inversely correlated with bitcoin's price volatility.

2026-05-30 14:20:05 UTC

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https://image.nostr.build/c52282a82b3b7717f4262d58f4cb4d94909d6c492007991b0e6fa356f908bf00.gif

2026-05-29 16:52:55 UTC

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Just make sure to keep it hidden from your deck guy, I guess?

2026-05-28 00:28:31 UTC

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Yep... also makes it easier to for a bitcoin user who might not want anything to do with dollars to send btc that shows up as dollars for a cashapp user who might not yet want anything to do with bitcoin.
Meet the people where they're at.

2026-05-27 18:05:35 UTC

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"26. Generally, users of digital wallets are aware of the instability and volatility of
cryptocurrency and thus tend to monitor cryptocurrencies periodically"
me: maybe; but, not an entirely unreasonable assumption
"... in order to be prepared to realize significant gains and avoid or offset significant losses."
me: for some - if not most - okay, sure.
"... Accordingly, digital wallets that are inactive or dormant for five years or longer are highly likely to have been abandoned."
me: G.F.Y.

2026-05-27 15:24:11 UTC

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hmmmm... that address has only been used to receive; and 79,956.00000000 of that 79,957.26860209 BTC was from it's first receive transaction.
I don't what that implies, but the vast majority of the other 682 transactions it has received have basically just been dust.
https://mempool.space/tx/e67a0550848b7932d7796aeea16ab0e48a5cfe81c4e8cca2c5b03e0416850114

2026-05-22 17:20:33 UTC

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Sen. Rubio then added "it would be like if insurance policies became obsolete by people forming their own pools of capital to pay providers directly. Just madness!!!"

2026-05-18 18:45:49 UTC

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Soon, ozempic will have those same people cheering on their "nobody loves fat people!" ads.

2026-05-18 11:06:02 UTC

Nostr is amazing freedom technology!
Also, if you think 200 replies a day would feel to restrictive, go touch some grass.
Also, if you make 50 original posts in 1 day, you're getting unfollowed. 😉
#nevent1q…09ap

2026-05-17 19:49:36 UTC

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Also, normies aren't going to know where the heck their money disappeared to after they've been enouraged to just rawdog their nsecs all over the place.

2026-05-17 13:00:06 UTC

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#nevent1q…npmr

2026-05-17 11:53:47 UTC

"Noobs should be able to send/receive Bitcoin secured only by ther nsec"
"Noobs shouldn't have to worry about securing their nsec to use Nostr"
This doesn't end well for noobs... and therefore, nor does it for the adoption of Nostr.

2026-05-14 20:26:47 UTC

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I don't think it has to be different. Every additional pull of the trigger is an additional risk.
That being said, IMO, most of us probably shouldn't be putting ourselves in a position where we should care that much if our nsec were to get compromised in the first place.

2026-05-14 19:43:22 UTC

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I will 2nd the CashApp suggestion. Yes, you would have the same KYC exposure as Venmo or Zelle; but, from CashApp's perspective, you aren't necessarily ever possessing any BTC yourself. CashApp just debits your fiat account and pays some anon lightning invoice on your behalf (with no fees nor spread).

2026-05-12 21:40:48 UTC

SO BULLISH!!!
#nevent1q…yqss

2026-05-12 20:38:07 UTC

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BREAKING: Police Union worried that preserving civil rights would make their jobs harder.
I'm shocked, I tell ya! Just Shocked! 😲

2026-05-12 17:49:53 UTC

#nevent1q…54ca
Wow, with only the bare minumum 51 votes.... I can't help but be reminded when: 🫏
https://www.cbsnews.com/news/reid-invokes-nuclear-option-to-get-obama-nominees-approved/

2026-05-12 15:34:10 UTC

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No. It actually doesn't. Not as a backup for the device. Only as a backup to decrypt the app-key in the cloud.

2026-05-12 15:28:40 UTC

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Not exactly. The recovery contact does not act as a backup for the device. The recovery contact acts *only* as a secodary decryption key for the cloud backup of your app key - in case you lost your primary decryption key (i.e. you *also* lost your bitkey device).
In brief:
The process for recovering from *only* a lost phone is to use the device to decrypt the cloud backup.
The process for recovering from *only* a lost device is to get a new one, and then use your phone app to direct Bitkey to rotate your funds to a new 2-of-3 multisig corresponding to your new device.
The process for recovering from *both* a lost phone *and* a lost device is first: restore your phone app via your recovery contact; then, second: follow the process above for recovering from a lost device.
https://image.nostr.build/79e8bc6d37d69d011de9230cc4f38f341c20cd5034eefb1c439dc46f7c08522b.jpg
There is NO mechanism for recovering the key from your device - even by Block itself. This is intentional by design. They advertise this as a selling point.

2026-05-12 11:23:26 UTC

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My main gripe with Bitkey is that even if all of the Bitkey system works exactly as it's supposed to, it's impossible to back up the hardware device's key. Because of this - unlike virtually any other hardware wallet - If it gets lost, stolen, or broken, you are no longer in control. Instead, you have become absolutely dependent on Bitkey's servers for recovery. *in case it's not clear, the 'cloud backup' is only for recovery of the key managed by the phone app. There is NO mechanism for recovering the key in the hardware device.
For me, full control of 2-of-3 keys would sufficiently qualify as 'full control'. It's just that you aren't in full control of a key if you can't make a copy of it.

2026-05-12 10:48:17 UTC

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I'm not really faulting Danny either. The show is entertainment. It has sponsors. It is what it is.
Bitkey's dishonest advertising is very annoying... and, I can't imagine they're doing themselves any favors by having even a whiff of scamminess in the Bitcoin community. It's getting rarer and rarer to see a podcast not sponsored by them, though.

2026-05-12 10:30:25 UTC

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Yeah, I think the difference is that Strategy isn't a sponsor of the show (Bitkey is). I mean, I love Danny, but I'm chalking this 'interview' up as a sellout.

2026-05-12 09:56:16 UTC

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Was that an infomercial?
The best question Danny asked "[are hardcore bitcoiners losing anything by using Bitkey]?" was the only time Pollock had to pause... but Danny almost immediately let him off the hook by re-framing the question (i.e. asking a different question) "[I mean, was it built for normies or bitcoiners]?". It was as if Pollock's hesitation to answer the initial question was a signal to Danny that he had asked a question he wasn't supposed to ask. Everything else were complete softballs.

2026-05-09 13:07:07 UTC

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Yeah, I'm in no way defending Coffee...
Jeff and Saylor have definitely been consistent in acknowledging that there are risks. However, I think their "[as long as you believe in Bitcoin]" marketing narrative is a bit disingenuous and hand-wavey.

2026-05-09 12:52:52 UTC

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From the SATA prospectus (which was obviously borrowed almost word for word from Strategy's STRC):
"our board of directors or any duly authorized committee thereof may choose not to pay accumulated dividends on the SATA Stock for any reason...if we fail to
declare and pay accumulated dividends on the SATA Stock in full, then the value of the SATA Stock will likely decline."
I find it hard to call anything a 'scam' that is so transparently risky. The problem I have is that nobody seems to like talking about these risks. "We have enough reserves to pay dividends for X number of years" is all well and good, but that's not the same as a guarantee that's how they would choose to make use of those reserves.
It's not difficult to imagine a prolonged bear market scenario - but still well above BTC going anywhere near zero - where these companies decide to just rug their preferred stock investors "for any reason" out of interest for maintaining some sort of acceptable price for their common stock.
https://www.fidelity.com/bin-public/600_Fidelity_Institutional/fidelityinstitutional/Application/AP154833/documents/clients/SATALV/SATALVred.pdf

2026-05-09 11:50:55 UTC

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Just avoid this fiat mindset altogether and insist on living your life - to include forming your personal partnerships - without any requirement for permission nor endorsement from the state.

2026-05-07 20:34:10 UTC

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For me, it will forever be the "Washington Football Team" just for being the dumbest name ever.

2026-05-05 10:11:52 UTC

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💯 I get Booth's point that any participation in fiat serves to strengthen fiat (at your expense).
However, what I think he gets wrong is that pricing in fiat isn't necessarily participating in fiat any more than pricing in Big Macs would necessarily mean you're supporting McDonald's.
Prices are just information. The reality is that information is meaningless unless the language of that informations is reasonably stable - which the purchasing power of Bitcoin is obviously not.

2026-05-04 13:05:32 UTC

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#nevent1q…n7j4

2026-05-04 12:57:39 UTC

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UPDATE: apparently the rebuttals were already making the rounds. Though, I can't necessarily speak to impartiality here, either - as the author's X profile identifies as a "research scientist on Google's quantum computing team"; so, accept that expertise from a supposable competitor for what it is, I suppose.
But, also, FWIW, it appears the contest runners themselves are retroactively acknowledging the now exposed weaknesses of the winning entry while simultaneously still insisting on its demonstration of progress towards a quantum threat. 🙄
https://algassert.com/post/2601

2026-05-03 17:10:26 UTC

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STRC not really an option as a source of capital while still trying to get back to $100 par.
Though, I would expect issuance of more common shares pretty soon regardless - even if just for the sake of replenishing the dollar reserve in order to support more dividend obligations into the future.

2026-05-01 18:17:14 UTC

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Turns out my dumb brother is really a super genious investor: Down 0%:
https://image.nostr.build/bc3e52cd0191b9cb645f9a3a61812fdb36673952d5a93169263fe60334780266.jpg

2026-05-01 18:09:28 UTC

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Correction: The subheadline is correct: public debt is at ~$31.27T.
It's just the conflation of terms "national debt" and "public debt" in the main headline (and pretty much everywhere else) that is erroneous - which, TBH, I initially did as well.

2026-05-01 16:54:26 UTC

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https://image.nostr.build/d5180c37590630ed1773003eb00f2a9184f58c140f477daab688a8b956d9c2b2.gif

2026-05-01 16:48:13 UTC

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O please, God. NO!!!
https://image.nostr.build/e78d6f2957cf1915a89844aacd0eb1d7c9b2bf7ffe2525355d18259c440e5127.jpg

2026-05-01 16:28:22 UTC

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BTW, also Fox News Headline: 🤣
https://image.nostr.build/af8b021b2c037429036f5bf8d69ca0083982fbccce1494d4b4359c8a1c7bd942.jpg

2026-05-01 16:13:11 UTC

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#nevent1q…vvs0

2026-05-01 16:10:25 UTC

Ummm... Wut? The national debt is not at $31.27T; it's well above $38T.
I'd accuse someone of trying to gaslight the public into thinking things aren't as bad as they *actually* are; but upon closer inspection, this just looks like 'news' outlets lazily regurgitating the same erroneous slop. (If the Bureau of Economic Analysis is indeed the source of this, they appear to have since taken it down).
#nevent1q…459h

2026-04-29 23:35:37 UTC

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#SteanNShake, yeah, bitcoin is way more economically efficient than credit cards; but, if you really wanted more credit card customers to choose to use bitcoin instead, perhaps it would makes sense to maybe split those savings benefits with them for doing so?
For example, I noticed Cashapp is now rewarding 5% back to their customers who pay Square merchants in Bitcoin. Granted, that's only for Cashapp users; but at least it's a step in the right direction.

2026-04-29 15:49:09 UTC

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I am hopeful that miniscript will become widely useful enough for easy to use self-soverign inheritance wallets. I think you can kind of get there already with Nunchuk, for example (though, I haven't taken the time to play around with it yet)... but even then, I'm pretty sure the wallet balance would be available to the would-be beneficiary - which isn't ideal.
Of course, all of this would require tranining your would-be beneficiary on multi-sig wallets and the seed phrases, wallet desccriptors, etc that entails... which is generally a pretty big ask at this time. I expect that to slowly change the more Bitcoin wins, though.

2026-04-29 15:28:59 UTC

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Yeah, putting my concerns aside, bitkey does offer a pretty nifty solution to the inheritance problem.
I'm not a self-sovereign or nothing kinda guy. It's trade-offs all the way down. I'm mostly coming from a position of wanting to point out the risks that Block's marketing seems to routinely neglect, IMO. Sure, I know. What should I expect?: it's just marketing; but, it still annoys me. 😉

2026-04-29 15:05:51 UTC

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True. As long as you still have a working bitkey device, you should be good. (with the caveat that the typical bitkey user would likely have to find someone more technically capable in order to make use of that "break glass" receovery mechanism 😉)

2026-04-29 14:51:24 UTC

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PS. and this is all with the stipulation that Block is an honest actor to begin with.

2026-04-29 14:47:30 UTC

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Pretty nifty as long as nothing goes wrong.
The bitkey device is intentionally designed so that the key it holds cannot be backed up (even by Block). If it gets lost, stolen, or broken, etc, the user is then inherently relying on Block to rotate funds to a new 2-of-3 keyset for use with a replacement bitkey device.
There's a lot that can go wrong there that's out of the user's hands (and even a little that could plausibly go wrong that would be out of Block's hands as well).

2026-04-29 13:38:20 UTC

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If you're still at the blackjack table, that's just the effects of the pure oxygen that the casino has been pumping in to keep you feeling euphoric. You may not have noticed that it's now tomorrow. Go to bed already! 😉