JuAnHu

Great view on the current hastiness.
By the way, the same logic applies to working with humans.
If you genuinely care about what you are building and get your hands dirty, you can build amazing things with a small team.
If you simply delegate to others without caring or deeper insights, you get inferior results. Moreover, you have to grow the team just to manage the errors and complexity. This is why large institutions and companies become so bureaucratic and slow. Delegation without agency. Instead: rules, processes, workflows, hierarchies, supervision boards, etc.
If your agent md file keeps on growing, you are probably on the same path ;-)

2026-03-10 10:57:24 CET

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From a more optimistic perspective, I would rather say AI enables software developers to perform well in almost any job. Because they are the ones who can adopt AI the fastest and can bring it to many other disciplines.

2026-02-26 09:50:18 CET

The US wants all your data, globally.
Actively fighting data sovereignty by lobbying against data flow restrictions while doing exactly that in the US.
The justifications are always the same. Come on, it's not about privacy or personal liberty. It's a power game. Power through data for me, not for thee.
#nevent1q…5v4p

2026-01-20 23:02:05 CET

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Is it the same as saying "by measuring the quantum state you destroy it"?

2026-01-09 23:56:19 CET

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How would you define the level of "processed food"?
Some processing is good and necessary. Some processing not so good. The quantification is even more difficult.
In general, I wouldn't rely on any of such scores.
My approach is:
1) I look at the ingredient list, which already tells a lot.
2) I assess the food quality with my own senses, if possible. Although sometimes color can be misleading.
3) The more bullshit bingo is printed on the packaging, the less likely I buy it.
It takes a bit of experience but over time you get the drill.

2026-01-08 15:58:28 CET

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The Nutri score is a RELATIVE score comparing products from the same category.
There's higher score pizzas and lower score pizzas. But you cannot compare the pizza score to the honey score.
I agree that the scoring system has very limited usefulness.
In the end, your whole diet is what counts, not individual meals.

2026-01-04 16:07:01 CET

This works!
It changed my world and keeps me sane.
#nevent1q…etsd

2025-12-28 16:21:23 CET

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Watch your algorithms, they become your thoughts ...

2025-12-24 08:22:46 CET

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It's so sad. The collective mind control by engineering the public discussions is so strong that the monstrosities don't even have to hide.

2025-12-20 21:08:47 CET

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Botnets can simulate their WoT. It's not waterproof.

2025-12-20 21:06:58 CET

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haha, that's not what I was looking for 😄
But it sparked an intriguing idea. Thank you @nprofile…jgy8

2025-12-20 15:49:56 CET

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How can you cryptographically prove that you are human? Everything you can do cryptographically, bots can do as well.
Great rant btw, I am totally annoyed, too.

2025-12-17 09:57:54 CET

Sometimes we are being woven into a fabricated narrative without even realizing. It is deliberately being constructed to steer us into some direction. Seemingly small things that can add up to big shifts in societal sentiments if many of us are unaware and pick it up.
If we want to break free, we have to constantly question ourselves and make each other aware.
#FreedomOfThought

2025-12-17 09:52:58 CET

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Hi @nprofile…56d8, might there be some narrative spinning going on here, that you are picking up? Why are UK and EU mentioned explicitly while censorship is happening all around the globe, including the USA?
I've been observing increasing anti-Europe sentiment in the US recently and wonder where it is coming from.

2025-10-17 23:04:14 CEST

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This is scary.

2025-09-25 09:34:18 CEST

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well... energy
According to the first law of thermodynamics.

2025-09-19 22:51:04 CEST

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So true for many types of creative work.
When you are ahead of the curve, others naturally don't understand it. Even less can they appreciate your efforts in their consumer mentality.
An exception might be performance arts or sports.
Btw, I very much appreciate your work! Never really had the chance to tell you @nprofile…4x42

2025-09-16 21:32:41 CEST

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Exactly. Slower block propagation cements mining centralization by incentivizing the largest miners to create their privileged peer network.

2025-09-15 08:43:52 CEST

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#Bitcoin is an enlightenment pill. It changes not only one generation, but whole societies.
It's a slow burner though. If you need mass festivals and fast euphoria, maybe you wanna try drugs? 😉

2025-08-17 20:46:40 CEST

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The security company that transports the cash from the supermarket to the bank probably scans all the notes again. They would have a large enough size to make a reasonable business case out of that data, I assume.

2025-08-14 08:11:52 CEST

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Three quarters were already given.

2025-08-10 10:40:14 CEST

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Rotating doors. Probably he is joining some crypto or CBDC company to make sure the government plans are implemented correctly and that the right backdoors will be built in.
I hope I am wrong.

2025-08-06 12:00:30 CEST

With Paypal and the other payment providers my bank account information has become completely cryptic to me. After a couple of months I have no idea which payment was for which order.
Gladly, Paypal still knows what I bought and suggests the next thing to buy for me.
Enter inverse privacy :P

2025-08-06 11:10:46 CEST

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These people will leave (or learn!) when NGU ends.

2025-08-06 10:57:28 CEST

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The challenge for these stable coins will be to remain competitive against their underlying collateral.
Why not directly hold and use BTC?
As soon as people start using these stablecoins they will realize that holding the real thing is actually not more difficult.

2025-08-04 23:29:26 CEST

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A convincing argument against KYC or ID verification is that it creates data that will eventually be hacked and makes everyone a target for targeted scams, social engineering attacks, etc.
Nobody wants to be a target and these attacks will increase in the coming years and become more sophisticated.

2025-08-04 10:41:10 CEST

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You can control the character of an LLM.
You can also profile the user and provide the fitting counterpart nodel character.
Monitor and control...
#nevent1q…yv35

2025-07-22 20:56:15 CEST

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I see.
In the end both aspects are needed. Demand for censorship resistant transactions and private (or privacy preserving) mining.

2025-07-22 16:35:27 CEST

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I agree that the subsidy provides a first runway for hashpower. Therefore, an attacker cannot simply spin up some hashpower themselves for the attack. OK.
However, I don't agree that this runway provides censorship resistance.
Public pressure might be helpful for now, but I doubt it will be enough long-term.
Even with spacially distributed energy availability and mining: What makes you so sure that nation states will not collaborate and push for censorship? (e.g. "sanctions") I am pretty sure they will some day. They will legally bind the miners to their will. Mining companies will comply, or they go out of business.
In the end, someone has to pay for the resistance. Either by directly mining the illegal/censored transactions or by paying a fee premium. In any case it's only possible with a sustained demand.

2025-07-22 08:41:03 CEST

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How does the block subsidy protect against censorship??

2025-07-15 10:08:30 CEST

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There is only one way out: Make it more convenient for the Lazy Joe to use the chain than to use the custodial paper IOUs.

2025-07-08 09:29:30 CEST

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There is no magic finger snap that could change the world. But a finger snap can make some people raise their heads and look up.
All the best with whatever you do in the hospital. @nprofile…2qn4

2025-06-29 09:53:23 CEST

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Absolute must-read for #nostr devs and everybody wanting to build better societies.
The pull from the misaligned incentive structure is real. There will be eyeball extraction systems built on nostr, too!
Let's make sure that people can see the difference between the good stuff and the yet-another-platform roadmap.
#nevent1q…lrfu

2025-06-28 08:16:05 CEST

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Your daily reminder that the system of checks and balances in the US is being removed.

2025-06-20 13:46:58 CEST

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Thank you for the summary! Definitely worth working on these aspects.
For beginners your recommendations probably still leave them with many questions how to do this exactly. I wonder if you did that on purpose, because you want them to take some of the steps themselves. Learning and executing on privacy is serious effort.
Privacy for the lazy could be another article. This is probably the hardest but largest audience.

2025-05-27 08:40:46 CEST

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Not future generations. The devaluation of the currency happens within months to a few years. Equity and real estate get more expensive. Savers, salaries, retirement contracts get devalued.
As soon as more people understand that it's already the current generations' problem there would be more pushback.

2025-05-27 08:22:07 CEST

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The noise changed from criminals to scammers to politicians.
The signal is still there. You find it deep down the rabbit hole.
It still requires proof of work to get there.
Another entrance to the rabbit hole has been openend, bringing a lot of noise.
However, as you venture deeper, the noise fades and the chanting unfolds its beauty.

2025-05-25 17:48:56 CEST

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I see. There's indeed a valuable point. It limits the applicability to mutual contracts, however.
I was thinking of cases without contract. Accidents, violation of property rights, children's rights, etc. There is still a need for a central law. And law enforcement. Or do you have ideas for that as well?

2025-05-25 11:19:26 CEST

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How to decide which court to judge a dispute? I assume both parties would want their own court that is in favor of them.

2025-05-25 07:29:28 CEST

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The term 'inflation' is weakly defined, often contradictory. Even Mises is struggling. I try to avoid it in building my economic theories.
Can you explain tail emission without this term?
What happens to the quantitiy of the money? And price valuation? Are there other important factors to consider?

2025-05-24 09:08:28 CEST

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Shitcoinery is the trojan horse in the trojan horse.

2025-05-22 13:09:06 CEST

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True. If you want to measure Bitcoin as an asset class, you can do that.
My main point with regard to @nprofile…89xw s note is that price-related metrics in general are the wrong focus.
He described Bitcoin as "A leaderless decentralized cypherpunk open source software project that secures property rights and free speech for anyone and destroys central banking and financial censorship". If that's what you care about in Bitcoin you should be looking at other metrics than market cap. IMHO focus on market cap or price and NGU mentality are one of the biggest threats for Bitcoin at the moment. They are delusionary and allure many people to follow the wrong leaders for the wrong reasons.

2025-05-21 23:34:55 CEST

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Number of transactions, fees paid, shops accepting bitcoin, mining centralization, ...
There are a number of metrics that tell you how well bitcoin is doing.
Market cap reflects only the speculative asset character. And even there it fails. Think of all the lost coins that still count towards market cap.

2025-05-21 19:06:39 CEST

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Actually, focussing on market cap IS losing sight.

2025-05-16 18:21:45 CEST

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A couple of points:
- I did not read Saifedean's texts. Cannot comment on that
- A fixed number of units does not lead to a constant supply (considering loss of keys or intentional destruction)
- Fixed supply does not lead to sustained recession.
The last point is often poorly understood. Do you assume that people will rather lock down their capital instead of investing because they expect higher purchasing power due to economic growth? But what if many people do so? Indeed economic decline, which would in turn lead to lower purchasing power instead of higher. So the assumption does not hold for the majority of people.
In the end, the prices will reflect these expectations and the rational decision is to invest if you can produce more value than you consume for production.
If you still think I am wrong, please let me know where. I have already learned something from you today.

2025-05-16 16:14:09 CEST

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The Schelling point is constant money supply.
Anything else is arbitrary.
Expected price appreciation or depreciation will be priced in by the markets. 🤯🤯🤯

2025-05-07 10:40:15 CEST

Betting markets on political events like polymarket give insiders and people with power and influence a great lever to turn their power into monetary gains. Especially if they don't care about the consequences of these events.
We all know that money is power and power makes money. Don't make it too easy for them by placing your money on such markets.

2025-05-06 17:22:23 CEST

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What I observe is rather boys struggling with having no clear roles than adhering to outdated/gendered roles. Not sure if it makes sense to teach them to break out of something they don't have anymore. In my opinion it is important to convey an orientation and a sense of purpose. Positive examples instead of negative examples.

2025-05-06 07:08:35 CEST

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Great article, Lyn! Thanks for the detailed explanations. I've been wondering about your position on the reserve currency status and think I am missing still one piece of the puzzle.
The world needs dollars - ok.
But why can this demand not be filled by printing dollars and buying gold or other assets instead of buying depreciating goods and services? It could counterbalance dollar overvaluation and keep the industrial base competitive.
From my perspective, the root cause of the socio-economic problems is not the trade deficit but the fractional reserve banking and the Cantillon effect, i.e. who profits from the newly created dollars.

2025-05-03 20:45:01 CEST

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This is not an assumption. It's the fundamental question!
Without block rewards and fees there will be no mining. (assuming a free market and purely economic incentives)
Without globally decentralized mining bitcoin will not be secure.
This is independent of prices and cost of energy.

2025-03-06 22:22:42 CET

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"If you do not take an interest in the affairs of your government, then you are doomed to live under the rule of fools."
Plato

2025-03-03 08:27:54 CET

Give a man a gun and he can rob a bank. Give a man a Bank and he can rob the world.

2025-03-03 08:23:52 CET

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Give a man a gun and he can rob a bank. Give a man a Bank and he can rob the world.
#nevent1q…xge3

2025-02-27 22:38:06 CET

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Custodial bitcoin is worse than custodial gold.
Who determines consensus rules when the majority of activity is with custodians?
Gold doesn't have this consensus problem.

2025-02-27 22:30:06 CET

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Onchain holdings can be audited, but issued units cannot. How exactly are you going to find out immediately?

2025-02-26 15:01:48 CET

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The presidentertainer.

2025-02-26 15:00:28 CET

The emperor who entertains his people can distract from his frightening policies.

2025-02-24 16:48:16 CET

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The preference to spend a weaker money does. Hoarding in itself does not reduce network security.
But there is a point. Use it or lose it.

2025-02-22 09:18:07 CET

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fax = PoW

2025-02-21 20:33:59 CET

When people can choose their algorithm freely, many people will choose the echo chamber.

2025-02-21 13:53:02 CET

In a system where code is law, if you put yourself above the law, you are the fork.
That means you are either irrelevant or you have to control the system.

2025-02-20 23:07:23 CET

Only he who does not violate any Law can participate in a system in which Code is Law.

2025-02-19 12:11:55 CET

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I had the same thought recently. The power dynamics are changing.

2025-02-18 09:15:04 CET

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This is a low quality TV show, terribly cut to place statements out of context and make the interviewed person seem stupid.
And yet, people react to it with anger and hostility, as if Germany now suddenly would be censoring people or take their stuff away for posting something on the internet.
A great showcase of how easy it is to deceive.

2025-02-17 19:47:26 CET

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Truth. Opinion. Insults.
These are different things. Don't mix it up.

2025-02-17 11:47:15 CET

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This can increase network security as well!
Compared to onchain distribution of rewards, ecash would allow small miners with otherwise insignificant hash power. They would have rewards below the dust level and go for custodial solutions with centralized block templates.

2025-02-15 12:11:10 CET

The man who entangles facts with emotions and stories in his mental model of his own identity, creates a detrimental prison for himself.
He enslaves himself to his own stories, often not even realizing that he is a slave.
By the way: I am one of them. You are one of them.

2025-02-07 08:25:44 CET

Spending some time to understand narcissism is a very valuable personal investment.
Recognizing narcissists as such can save you from misguided hopes and disappointments.

2025-02-01 09:51:28 CET

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The requirement starts to fail when the "good guys" believe they are the good guys and don't realize they are opening up this very attack vector.

2025-01-30 22:30:13 CET

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Switch to light mode!

2025-01-28 13:38:31 CET

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This is so important.
The Bitcoin community and nostriches should pull their head out of the nground.

2025-01-23 07:56:13 CET

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We're Rome.
#nevent1q…2mah

2025-01-20 19:25:18 CET

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People learn, and subsequently are replaced by newbies.
Time is a flat circle.

2025-01-13 08:26:43 CET

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Elon is not stupid. He knows a lot about self- development and preparing for new challenges.
He is using the gaming community as training ground, deliberately exposing himself to situations he will have to handle in the future under more serious circumstances.
One of them: telling obvious lies.

2025-01-11 13:25:26 CET

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When there are financial instruments that let you short the price, what is there to lose? On the contrary, if you are a superpower that is threatened by the decentralized network, it's a double win.
Yes there are miners that are long term invested into Bitcoin. But what would they do in such a scenario?

2025-01-11 09:59:31 CET

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What if a 51% pool would censor all blocks that were not mined by that pool? It would boost the profitability of that pool tremendously and create strong incentives to join that pool.
Combine that with legislation and pressure on the exchanges and big economic nodes to play along...
Voila, you have a centralized state-controlled network.

2025-01-09 13:28:48 CET

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no recommendation for recklessness 😄

2025-01-09 13:23:20 CET

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In fact, you don't even need to add the lightning address.
Your npub can be used as a taproot address. So you are set up for self-custody and anyone can send you even if you don't want it 😎

2024-12-23 21:17:33 CET

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Minute 20, on why politicians overreacted during the breakout of the covid pandemic and caused tremendous harm to the majority of the population: "... they had a fear that was fueled by media." [cut to IREN ad] "The humble bee, a keystone species crucial to the survival of earth's inhabitants..."
Seriously? Watch that again, @nprofile…6vzx. Where is your integrity? It's precisely that kind of fear mongering.
Cheers, and continue the awesome work you do.

2024-12-21 13:13:32 CET

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In that case you influence transaction activity of others to be in accordance to the protocol rules of your node.
Your node technically enables you to do that. But in the end, your power to influence others comes from your economic potential, not your node. It doesn't matter if you have 1 or 1000 nodes. Theoretically, you can do this even without node, in which case you cannot completely verify the settlement of the transaction yourself, but you could still exert your influence.
Or in other words, your node has zero influence if you don' t connect any economic activity to it.

2024-12-19 21:03:47 CET

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Indeed many people don't understand Bitcoin.
A node doesn't have any influence on the network unless it adds blocks or pays fees.
Think of it like this: Your node only has READ access, but cannot write.
You can verify, but you cannot create.
Write access requires hashpower or transaction activity.

2024-12-17 08:00:19 CET

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A reminder to all those who complain about politics.
#nevent1q…y244

2024-11-28 07:51:19 CET

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So the decentralization game shifts from corporate to geopolitical level.
Massive holders might pay multiple opposing nation states to mine.
🤯

2024-11-15 22:02:28 CET

I wonder why there's so little content about this year's Nobel prize in economics in the Bitcoin community.

2024-11-11 21:42:19 CET

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I feel with you. Maybe it's because the pioneers are already on the second adoption curve, which is medium of exchange. And that curve is still almost at zero.
However, if bitcoin shall remain free, peer to peer transactions are essential. Hodling is not sufficient. A significant amount of transaction fees must come directly from self-sovereign participants, who value privacy and censorship resistance.

2024-11-07 08:25:13 CET

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What is the intelligent response?

2024-10-25 11:13:47 CEST

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A neutral news stream based on objective and measurable criteria would indeed be very beneficial for many people. Is there anything close to that you use already?
Information feeds are for your mind what nutrition is for your health.

2024-10-20 22:08:33 CEST

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You are bitcoiner if you don't own any bitcoin and still want bitcoin to succeed.

2024-09-24 22:20:47 CEST

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You use GFY.
I use the gentle art of not giving a f***
We are the sane.

2024-09-19 23:32:11 CEST

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I thought a lot about this during the past few days and it seems to me that we were talking about different things.
I was talking about the spreading of ideas and not the distribution of wealth or power.
And I still think that publishing patents accellerates the global distribution of ideas compared to companies not having this incentive to publish. In most cases it has nothing to do with dopamine but is a rational business decision.
Anyway, thanks for the discussion and sharing your thoughts.

2024-09-15 12:01:02 CEST

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How could one ever prove that? And why should logics dictate its harmfulness? I am missing that logic obviously.
IP protection enforcement shifts the power towards the larger lawyer armies, yes.
However, in terms of spreading ideas and accelerating competitive R&D, patents were clearly beneficial in mutliple cases in my experience. Both as inventor and utlilizing the large corpus of patents to generate new ideas.
And on a longer time horizon the ideas become public good, when the patents expire.

2024-09-15 09:05:05 CEST

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What people regularly dismiss with intellectual property legislation is that it actually promotes innovation and the spreading of ideas.
Patent laws provide a strong incentive to publish ideas instead of hiding or obscuring them. This provides a wealth of information for everyone, boosts competition early on before market penetration is too big, and incentivises faster development.
I see this every day.

2024-09-03 21:56:55 CEST

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Hashers should not be rewarded only per share. Their reward should be connected to an actual block so that they have an incentive to check that the pool operator behaves well.
But yeah, the operator does not need to know their identity. Maybe submit a new npub with each share?
GN

2024-08-30 12:49:42 CEST

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When I was a kid I visited a museum in my home town and learned that the town ruler collected 10% of the earnings and produce of all the people living in the town. I was angry and asked why they could simply take away so much from other people.
Well, little did I know...