unboxingelf

8 ms·

31.
by unboxingelf 3y ago
When the fed prints money they debase the currency. Debasement reduces the purchasing power of the existing currency in supply. This means the dollars I traded my time and energy for can purchase less. Bitcoin does not have this problem.
32.
by unboxingelf 3y ago
first: https://99bitcoins.com/bitcoin-obituaries/ > most people would call me a "Bitcoin Maximalist" (I also loved Ethereum). I would not call you a Bitcoin maximalist. Ethereum is the opposite of Bitcoin.
33.
by unboxingelf 3y ago
breaking: ethereum ceo advocates to change consensus rules again and further incentivize centralization.
34.
by unboxingelf 3y ago
download stable diffusion and generate weird images, forever.
35.
by unboxingelf 3y ago
no need and probably for the best!
36.
by unboxingelf 3y ago
The fed has successfully redefined the word “inflation” to mean “an increase in cost”, which conveniently leaves room to blame others for rising prices. The original meaning of “inflation” was “an increase in currency supply”. Debasing the
37.
by unboxingelf 3y ago
Tools for me, but not thee.
38.
by unboxingelf 3y ago
I mean the lot that complains publicly often does not follow through. I deleted my circa 2009 account earlier this year. It was fun while it lasted, just like MySpace.
39.
by unboxingelf 3y ago
> But I was on Twitter since 2007, and built a meaningful part of my career on it, and I won’t be posting at all, for the foreseeable future Commit and delete your account then. Folks love to complain but rarely follow through.
40.
Strict Surveillance Requirements onto Broadly Defined Class of 'Bitcoin Mixers'(nobsbitcoin.com)
1 points by unboxingelf 3y ago|0 comments
41.
by unboxingelf 3y ago
Imagine you took out a loan for $1000 in 1980. In today’s dollars, the $1000 to repay is much less in relative terms than it was in 1980, because of inflation.
42.
by unboxingelf 3y ago
the fed literally prints it out of thin air. fiat currency is a game of trust.
43.
by unboxingelf 3y ago
What about the hours when the sun doesn’t shine? Is energy storage at such a scale feasible?
44.
Nostr.com for Sale: $5m(nostr.band)
1 points by unboxingelf 3y ago|1 comments
45.
by unboxingelf 3y ago
Bitcoin tips are just another action on notes (tweets), along side likes and reposts. Don’t like bitcoin? Cool, don’t click the button. That’s literally all there is to it.
46.
by unboxingelf 3y ago
That’s not true. There are methods for proving control of a key, both in the protocol and outside. - Sharing keys in person - Sharing keys via other channels like Twitter - Via DNS using NIP-05
47.
by unboxingelf 3y ago
Ok, I assumed a validator providing blocks with unexpected transactions would trigger a penalty - guess not.
48.
by unboxingelf 3y ago
It certainly is for some. You are correct - it allows consumers to know the message has not been tampered. The downside of your trust model is permission. Facebook and Twitter may revoke your permission to use “your” identity at any time, f
49.
by unboxingelf 3y ago
You are implying there is a singular network. There are a collection of relays on the internet. Each relay has it’s own business rules and may or may not accept your events. Each client may support some type of events. Explain to me how you
50.
by unboxingelf 3y ago
It removes trusting a 3rd party.
51.
by unboxingelf 3y ago
You generate a public/private key pair. When you want to send a message (tweet), you sign it with your private key and broadcast it to relay(s). The messages contain your pubkey so others know who sent it. Your messages are signed so o
52.
by unboxingelf 3y ago
Afaik there is no key rollover story or recovery. I know it’s been discussed and I found this PR: https://github.com/nostr-protocol/nips/pull/637 KERI sounds interesting, I’ll read up on that. Maybe you can r
53.
by unboxingelf 3y ago
The network is a collection of relays and relays are free to permit - or reject - what they want. You can’t saturate a protocol. You can saturate a given relay (server). It’s uncharted in the protocol. The protocol has nothing to with crypt
54.
by unboxingelf 3y ago
It removes trusting a 3rd party.
55.
by unboxingelf 3y ago
They do not have to, but they risk being slashed if they add transactions that are not “correct” as per the network. The link I provided shows this coercion via OFAC compliance.
56.
by unboxingelf 3y ago
You are correct on both points.
57.
by unboxingelf 3y ago
Sorry I’ll have ChatGPT write it next time.
58.
by unboxingelf 3y ago
Ethereum’s recent move to Proof of Stake undermines the their ability to be decentralized and permission-less. If a validator adds a blacklisted transaction, they will be slashed [0]. Ethereum had an unfair issuance. That means the founders
59.
by unboxingelf 3y ago
as a dev and nostr user, here’s my elevator pitch: everything is an event. events are signed using pki so it’s easy to know who sent the event and it’s authentic. they’re human readable json objects. events flow over websockets so it’s “rea
60.
by unboxingelf 3y ago
Ethereum is essentially a private tech company. Proof of Work is the innovation that solves the distributed consensus problem. It’s a feature not a bug.

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