Last Notes
the "bitcoin is money" crowd. 🗑️
pete salvo never worked for anyone i know under a real contract. he's a scammer. he never worked for my mom legitimately; everything he does is for profit, for crypto influence, for clout. after i got rid of him, he targeted my mother. took another year to extract her from him. SCAMMER hostage taker blackmailer.
all boxes available. ☕️📰
Here are the main tradeoffs I personally see as problems in Bitcoin.
Not here to start an argument with anybody, just to explain to some of my Bitcoin friends in a technical way, why I don’t see the advantages of Bitcoin that they do.
1. Fees
Yes, I know we’re not in 2024 anymore, and fees have come down from their historical all time highs, however having to experience that multiple times in the past leaves an unsavory experience.
2. Mempool
Being stuck in Mempool for 30 minutes to an hour up to a day because you paid lower, or zero fees.
(And yes I know RBF/Accelerator fixes this).
3. Lost Coins
Without a stable supply of currency to circulate over time the currencies ability to be transacted with will shrink.
4. Lack of easy, & intuitive protocol privacy tools.
While some tools like silent payments do exist, it’s a small solution compared to non-native third party tools like Coinjoins, Payjoins, whirlpools, etc. which often require high fees, & complex technical setups.
5. Lightning
Yes, I know “Lightning fixes this” but the issue is lightning itself also has flaws.
Self-Hosted lightning can lead to lost, or difficult to recover coins, failed routing payments, high fees, watchtowers, & many other issues, whereas centralized lightning does work almost seamlessly but you have to trust a third party not to rug you, spy on you, or deny you.
While I understand everything in life has tradeoffs, I don’t think using the currency of the future should be costly, inefficient, and clanky.
Bitcoin is an amazing proof of concept for tomorrow’s digital money but unless a major revamp happens, I don’t really see how over the long term it will be the most popular currency.
This is of course ignoring the culture, & some other technical issues like decimalization which are more psychologically/cultural than technical even if has a technical element to it, etc.
ahhhhh i see, nip 46 is the remote signing one right?
🤷♂️ I'm hoping not to fall into the expected stereotype, should I even go further than ideation, but what can you do
It wouldn't surprise me if this was another "humans are bad" psyop.
Love it 🤘 but my puppy doesn't 🤣
I tease but also have made light of the weather reports and walked home in thunderstorms the past 3 Wednesdays 🤣 but hey not dead yet!!!
When Galaxy Eyes Photon Dragon? 🧐
All's calm on the western front.
That is a good way of looking at it. But, I'm just concerned about fees moving small UTXOs into cold storage. So, I figured once the amount was bigger...
Happy to see Routstr being useful to you. RoutstrD got an update yesterday and I see all the providers being dynamically chosen so it should be pretty reliable option. Many routstr nodes are currently offering inference at 50% or more off the upstream costs.
FYI routstr is also looking for full time paid dev..
📰 **In this week's issue:**
https://image.nostr.build/64bfa1db21ec8ad267d8e2e5aa45a6ed676940f814a8abba41f607bdcfe81460.jpg
📰 **Bitcoin Pizza Day: The $1.2 Billion Meal That Remade Money**
✍️ by NM team
A $41 pizza order in 2010 morphed into the most expensive lunch in human history. That single transaction now haunts markets and defines the very soul of Bitcoin. This is not just a quirky origin story, it is a brutal lesson in vision, patience, and the punishing pace of digital scarcity.
🔗 https://nostrmag.com/article/w21bitcoin03
📊 id#515411864
Latest Strikes is out! In this issue:
- a new Eclair release
- experimental Bolt12 Payer Proofs in Core Lightning @npub1jg5…6n8n @npub179e…lz4s
- a new lightweight merchant payment processing tool called qpayd
- CLINK coming to @npub1xnf…lpr5 (cc @npub1xvt…64sa @npub19kv…e2qd )
- a new Bitcoin Treasury Company launching its LSP
& more! 👇
#naddr1qv…ct5q
Some GPU prices dropped about 5-7% last night. (just my eyeballs and ebay watch lists) Gotta love automation and surge pricing.
#nevent1q…jkyh
Weather on my phone: there's gonna be a light rain this afternoon ending around 3 pm
🥰🌦️🥰
Weather on social media: SEVERE THUNDERSTORMS FROM SAN ANTONIO TO WASHINGTON DC YOU'RE ALL GONNA DIE!!!!
⛈️💀⛈️
https://blossom.primal.net/3614ec4db14d473c5313f805cbafe2db1646137680c7871b4226b307c75e12ce.jpg https://blossom.primal.net/d19d203d0fdfb9148a89f310ef22c3a7f0fddcadc0253330fc63b408e976380d.jpg
https://cdn.nostrcheck.me/bf4dfd5028c382785a14927dd76374f2bdc537e9efa92b14e1e65144f78615bd.gif
Crise économique : pourquoi le pouvoir d’achat des Français va être encore plus affecté que celui de leurs voisins 😢 #economie #crise
https://www.presse-citron.net/crise-economique-pourquoi-pouvoir-achat-francais-encore-plus-affecte-celui-voisins/
Ooff. Yeah, those are all horrible 🤣🤣
Same with me and oreos 😩
https://media.tenor.com/DGJWIvIU6LMAAAAC/chewing-character-chewing.gif
On the flipside, Nostr is too small for anyone to feel obligated to adhere to some “standard”. Especially when it’s obvious that things could be done much better than they currently are.
#nevent1q…4q0q
https://github.com/nostr-land/nip44v3
my friend who make remote signers/extension signers have you seen @npub1226…grkj v3 of NIP44?
thanks for the word of encouragement
Questa è la via
https://cdn.nostrcheck.me/b7e634efe9e6055c7dae453bc46dcb98e6708a4ee7fd162fb4a5883a1d914e9e.gif
Again... for the normies. Who trust #Mastercard to ensure the payment goes through because they're so insecure with themselves having any actual ownership. They'll gladly pay the additional fees. Price they deserve, I guess?
Regardless, step by step. Getting locked in
https://npub1njlq8kmer8g5nlz9qfpx2l3jy5vla4ymyhmde42fq5k4ndg6mgtqgg7uns.blossom.band/4585e48fc85ad1ebf009101514f4235be416aa3f041b22b020c5e3ed0171172f.jpg
#bitcoin #nostr
Yeah, towing a small airstream is a tempting compromise I was considering. I'm thinking rent and see if I even like it is prudent. I will likely not even go that far, just a passing desire
unfortunately, my last terrible habit i need to kick.
gradually then suddenly!
you obviously don't understand we celebrate delistings.
but he was being the bigger asshole...
Hahahahah 😂, mas a gente é da geração raíz, muié além de magrinha e bonita tem que saber cozinhar, como diz o ditado: "a beleza passa, a fome não."
i wish i missed cigarettes 😑
Block 951283
2 - high priority
1 - medium priority
1 - low priority
1 - no priority
1 - purging
#bitcoinfees #mempool
That's an excellent suggestion. I was literally googling them earlier lol. Expensive! Though they seem cool...sigh, what is life 🤔
Z-cash is literally just encrypted Bitcoin, built from the same code as Bitcoin originally was.
Monero has a notable network effect when it’s allowed to compete but it usually isn’t because of “regulatory issues”.
I wish a centralized mining pool was Bitcoin’s only problem because otherwise I’d probably stay, and keep using it.
https://lontanoseries.bandcamp.com/album/dutch-boy-paint
You can both miss and be happy to not have in your life 🫂
knock yourself out.
the adults are talking about grown-up stuff.
they're not sorry.
https://image.nostr.build/d2d9f38f52738680409e67976980576daa86704d3815484d258d63b835446590.jpg
Schedule returning to “normal”. lol.
nah it was always like this. on Twitter anyway.
and its true the BTC maxis were just as defensive and obnoxious too.
its just totally counterproductive
Welcome back..
#amethyst has about 300 new features 😂
Just fished for my buddy Larry. He wanted a mermaid with him & his wife (Angela)’s nicknames (Lar & Ang) around it.
200k sats folks!
#watchstr
https://image.nostr.build/6e4f2e677d7a6f52a98b0c3f1580e59c60e16e2e44fd15b821bed8829e166bc0.jpg
https://image.nostr.build/b7ce92a37467a0c7547a81e234c781591c8a3b8d8beab59b47429a950e47c4f1.jpg
Outta my way bitch, I'm the limbo queen 🤣
YEAH. he's a fake. he's not cia. 📰☕️🚩
#nevent1q…092x
https://www.instagram.com/reel/DYytnOlSZ-V/?igsh=MWxnaG03cGhyeGcwMw==
Lefties in disbelief. But muh gubment
Solar panel/battery. I'm looking into such things soon, maybe. That map of camping/parking spots thing got me wanting to build a van living option out, but it might be a midlife crisis thing, so I'm gonna mull it over more
