arbedout

My hope is that we look back on the way we as an industry currently handle signing transactions - single-sig, multisig, hot and cold wallets alike - the same way we look back on HTTP before @nprofile…ac3v taught us why we all needed to move to HTTPS.

2026-02-10 15:31:18 UTC

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Removed temporarily, it was broken and I don't have spare cycles to fix for a few weeks at least

2026-02-09 15:28:57 UTC

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This journey started ~18 months ago when I re-read the "Concurrently Secure Blind Schnorr Signatures" paper at https://eprint.iacr.org/2022/1676.pdf and the blinded 2-party MuSig2 thread at https://gnusha.org/pi/bitcoindev/CAJvkSsc_rKneeVrLkTqXJDKcr+VQNBHVJyXVe=7PkkTZ+SruFQ@mail.gmail.com/ - trying to make sense of how we could leverage the techniques discussed to offer users better privacy than what's currently available with the blinded xpub ECDSA model we'd been beta testing. It took a *lot* of trial-and-error experimentation but I think we've cracked it: we represent signing policies in a boolean abstract syntax tree, merkle-ize the tree into individual clauses, and at signing time have user's generate ZKP's proving a PSBT matches a signing clause (along with a ton of other stuff - read the FAQ on our main page and our GitHub bug tracker for more details https://github.com/arbedout/sigbash_v2).
I'm excited for Bitcoiners to test this out and kick the tires on it. We need as much real world feedback and eyeballs as possible to make this as useful as it can be. If you have feature requests, or find any bugs, or just general feedback, feel free to reach out to me via DM, at support [at sigbash.com, or open an issue on the bug tracker.

2026-02-09 15:23:01 UTC

The cat's out of the bag with the newest episode of TFTC - announcing here first on Nostr:
Sigbash v2 is live! We've switched to a new approach that I've decided to call Oblivious Signing: thanks to the power of MuSig2, WebAssembly, and zero knowledge proofs, our signer never sees your signing key *or* the transactions you want us to sign.
instead, when you register a key, first you commit to a signing policy (anything - input and output amounts, destination addresses, time windows allowed for signing, you name it) - and we'll only sign transactions that match your policy.
Policies are as complex as you need and as private as we could possibly make them. Our beta is live on signet now at https://www.sigbash.com!
https://blossom.primal.net/a3547a6eac116a5d96be4fda2eda4cb5cf47afdf6d17dcbb34d3c5a5e4861b97.mp4

2026-02-06 12:49:53 UTC

first thought on waking up: i am not un-bullish.
gm

2026-02-05 13:38:42 UTC

https://blossom.primal.net/7acd207ff41832e5ecd5ade1bde09680bf73d4d79ad41f59e820bf580ce29310.jpg

2026-02-03 18:29:16 UTC

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This sounds broadly correct to me. if you're a mediocre human just chasing a VC-funded paycheck, this is either terrible news or your cue to start leveling up beyond mediocrity.

2026-02-03 18:22:39 UTC

https://blossom.primal.net/82a82fc86c751433c4fdb1e86c5de4c07d7e50558ec5b3cda90913506293a4f2.png

2026-02-02 14:25:41 UTC

The Mythical LLM Month

2026-02-01 16:24:16 UTC

designing an SDK right now and it just hit me that the main 'users' will be LLMs.

2026-02-01 01:24:31 UTC

https://blossom.primal.net/bc9073968c8526353bd768253ea9094b71c36183d90d9d8b7a5a4b28b2005fe5.jpg

2026-01-31 16:36:00 UTC

maybe you can ask Claude to write the code for you but that doesn't mean you can ask Claude to understand the code for you

2026-01-18 22:10:21 UTC

Currently watching Claude Code churn through my codebase, refactoring and adding docstring comments to it, file-by-file. Absolutely absurd.

2026-01-15 14:50:53 UTC

ما که چیزی نمی فهمیم از سیاست
یه عده میان و میرن در نهایت
ما همون بدبختی بودیم که هستیم
....آقا جون تو دعامون و بکن اجابت

2026-01-14 15:03:21 UTC

"I actually did this kind of backwards. I had to write all the code before I could convince myself that I could solve every problem, then I wrote the paper” - grug brain Satoshi is best Satoshi

2026-01-07 00:44:19 UTC

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https://blossom.primal.net/1a6053735c3168684b1fe8b6d2da158089e60ffcd59b27c5ad03429b2358516d.jpg

2026-01-06 22:03:14 UTC

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One thing I realized during the process was just how much of my meta-understanding of what it means to build software revolved around either a) meeting deliverables on a two week sprint cycle just to help a PM hit their arbitrary deadlines or b) pushing to hit milestones to announce features in time for the next VC funding round.
Liberating to be free of those concerns this time around.

2026-01-06 21:56:54 UTC

Putting the finishing touches on the longest solo software project I've ever worked on - nearly two years of feedback, iterating and testing. Definitely going to announce on Nostr first this time.

2025-12-31 15:20:58 UTC

Call for panel participants: anyone up for joining us for Coin Based atPubkey next month in NYC to talk through the Great Quantum Kerfuffle?

2025-12-30 13:53:26 UTC

Resolution for the upcoming year: spend more time on Nostr.

2025-06-01 18:48:49 UTC

A) Greatful for everyone testing out sigbash after hearing about it on citadel dispatch this week, appreciate you all🙏
B) There's a big loud notice when a key is registered that this is beta software and that your keys may stop working at any point - pay attention to that! I'm not collecting any email addresses so I can only shout this into the void for now 😅

2025-05-20 15:18:15 UTC

I heard you can just do things? So I wrote a book on the political economy - the 'who gets what and why', to use Susan Strange's definition - of Internet protocols, and decided to self-publish it.
Find it at https://www.somethingmoreprofound.com in HTML and PDF format. Free as in beer, enjoy!
https://blossom.primal.net/c44a5aed1dd7e4035fea4f400b3d9cd188798dc0e746c2e4b3e7cf6dd38bd8a2.jpg

2025-03-02 22:52:22 UTC

lmaoooooo
https://m.primal.net/PRdu.png

2024-12-19 00:08:41 UTC

https://m.primal.net/NAJA.jpg

2024-12-12 01:09:51 UTC

Made the mistake of referring to my wife's mousakka as "Bulgarian Shepherd's Pie" in front of her. If she murders in my sleep tell everyone at my funeral that I was *really* into Bitcoin.

2024-11-11 14:39:57 UTC

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no, but not because that isn't a great idea - because Coinkite's ckbunker already does that, check it out at https://ckbunker.com/

2024-11-11 13:22:01 UTC

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I realized this AM my answer to this is "stand up a multisig signer that doesn't require KYC" - so since I've already done that I'll plug it here, check out https://sigbash.com
#note1ghu…9m8h

2024-11-10 17:03:18 UTC

Hypothetically: if you thought penny-sat parity was a real possibility in the next two years, what would you do to prepare? What business models would make sense that didn't before? What software would you need that you don't need now?

2024-10-13 01:01:47 UTC

Accidentally wandered into the WMD aisle of the farmer's market
https://m.primal.net/LUHZ.jpg

2024-07-02 18:39:50 UTC

[advertisement for teething infants]: have you been sleeping through the night? are you not riddled with guilt wondering whether you're a good parent? well check this out!

2024-07-01 20:37:12 UTC

Watched the U.S. presidential debate last week between Trump and Biden. Watching the Iranian presidential debate between Pezeshkian and Jalili now. All the "this is fine" dog in burning house memes ever made aren't enough to convey what I'm feeling.

2024-06-12 23:20:55 UTC

https://m.primal.net/IiZZ.jpg

2024-05-24 20:04:39 UTC

Sigbash update: Making progress on the REST API! Hoping it'll be ready for testing white labeling in Two Weeks ™️
https://m.primal.net/ILkj.jpg

2024-05-22 13:12:32 UTC

I just run realized Van Morrison has two songs about the exact same thing - 'Dancing In The Moonlight' and also 'Moondance' - and they're both absolute bangers
gm

2024-05-14 12:43:38 UTC

"Building and deploying something unstoppable is also a decision" is deffo going on a t-shirt.

2024-05-12 01:59:31 UTC

Everybody was hyping me up for a possible Carrington Event and in the endI didn't even get to see any pretty lights ;(

2024-05-08 18:25:33 UTC

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I had a great time at BHH last year. The amazing Latvian food was an unexpected treat, if I were going this year I'd definitely sign up for this. (P.S. if you're going try to find some Latvian hot chocolate if you can - it's literally liquid molten chocolate, not cocoa powder and milk.)
#nevent1q…7puh

2024-05-06 13:21:51 UTC

Sigbash update: Passkeys, Price Feeds, and PSBT introspection!
Original beta announcement Xitter thread here: https://twitter.com/arbedout/status/1772646454533755215
Six weeks of beta testing and I can separate out the feedback I've gotten into two broad categories:
1) The oracle is useless (because I don't really need it)
and
2) The oracle is useless (because it doesn't do what I really need)
For 1) - I definitely didn't appreciate how many users just wanted to submit a form to get an xpub / have an xpub signed without any conditions. That's great! But also Sigbash v1 was kind of terrible for that - without any conditions, every xpub is effectively an xprv, since you can just present it to the signing server and we'll happily assume that your ownership of the key is enough proof that we should sign for you. Since everyone in your multisig quorum can theoretically see your xpub, that means everyone has your xprv. Not ideal!
I thought about this for a bit and settled on implementing passkey authorization - now you can associate a passkey with an xpub when you first request it, and we'll only sign for that xpub if the passkey is presented at signing time. Givs your xpub to whoever you like; we won't sign requests for it unless you present your Apple FaceID, or fingerprint TouchID, or Yubikey, etc.
(Side note: This is the first Bitcoin-y thing I've built that I've had my mom test on her phone. Wild feeling watching her authenticate with her FaceID to make a signing request.)
For 2): The original oracle could only check three conditions - the bitcoin network hashrate, or the balance of a given Bitcoin address, or the BTC/USD exchange rate. All conditions were evaluatedaft signing time.
I got a *ton* of requests for new conditions to commit to, so many that I refactored the entire oracle UI and backend. Now you can restrict Sigbash from signing a request for an xpub based on:
*the price of 170+ fiat currencies, precious metals, or crude oil;
*Treasury yields, SOFR or the Fed Funds rate;
*hashrate for a given mining pool or the entire network;
*daily Bitcoin transaction fees in USD;
*the balance of a Bitcoin address
Instead of just checking the value for the condition at the time a signing request is submitted, you can now specify values for a given date - e.g. "Sign if Luxor's hashrate on May 6 is greater than 100 EH/s" or "Sign if the exchange rate of Bulgarian Lev to USD on April 27 is above $.010/USD". This radically changes the value proposition of the oracle; you can now build incredibly complex conditional contracts from these basic building blocks.
Finally, and also to address 2) - I added PSBT introspection, which is a fancy way of saying you can restrict an xpub to only sign for a request if the sum of the inputs, outputs or transaction fees in the PSBT you submit for signing are above or below a certain value in satoshis.
The combination of these features - being able to build addresses with spending conditions dependent on price feeds, or hashrate, or the value of a given Bitcoin address, or the inputs and outputs of the spending transaction - are what I'm hoping will be available to Bitcoin users when there's widespread adoption and support for discreet log contracts and a soft fork that enables some form of covenants. Since we aren't there yet, my hope is that we can start building and testing the UX out for that future and progressively upgrade the Sigbash backend to provide users more sovereignty as new soft forks are activated and DLC oracles get better tooling and wallet support.
(And if covenants are never activated and DLCs never get much traction? We'll still have this imperfect-but-good-enough implementation to get the job done.)
Give it a spin at https://www.sigbash.com, use code BETATEST to grab an xpub, and again please remember this could break at any time until we're out of beta. Thanks y'all, onward!

2024-05-05 13:13:33 UTC

Putting the finishing touches on a new Sigbash release based on all the feedback I've gotten over the past month. Definitely announcing all the changes here first instead of Xitter. (Maybe I can just screenshot the note and post it there?)

2024-05-04 20:05:32 UTC

There's a Craig Wright joke here somewhere
https://m.primal.net/IDLs.jpg

2024-05-02 00:57:31 UTC

Parenting tip: you don't have to sing baby lullabies or play baby songs to your newborn. They will happily rock out to The Sisters Of Mercy and Prince if you offer it to them, no matter how off key you are.

2024-05-01 16:22:55 UTC

The fact that your timeline isn't flooded with influencers proclaiming they stand with the students, chanting "Universities! Life! Freedom!", is something worth spending a few cyles thinking about.

2024-04-26 18:13:27 UTC

Current mood https://image.nostr.build/6c7ecc2def5f3208919b086fdd7efbd3e402d9c288307863d0a84cba43da4272.jpg

2024-04-13 23:24:33 UTC

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Side note: I used to do a lot of armchair geopolitical / finance tweets on Twitter and started self censoring when too many people were retweeting me. Feeling empowered by Nostr rn. I hope it lasts.

2024-04-13 23:21:50 UTC

My unsolicited Hot Take on the Current Thing is that you should maybe stockpile a spare laptop or two and grab some Bitcoin while it's on sale. If the US isn't intervening here, China's taking Taiwan without any kinetic intervention, and getting their dollar assets frozen the same day.

2024-04-11 20:11:29 UTC

Wrapping this up now. Excellent framing, contrasting Tim May's vision of crypto anarchy with Julian Assange's idea of 'crypto justice', exploring what 'privacy for the weak, transparency for the powerful' means in practice. https://image.nostr.build/4637fd8f0b96b801dee73ba90819749ec6d7b67f1f297f52fec98c1c8262b9ef.jpg

2024-04-11 20:07:05 UTC

New version of Mutiny has me wanting to send friends money just for funsies. Such a slick UI.

2024-04-04 13:00:42 UTC

>reading up on the Lightspark-Coinbase partnership https://image.nostr.build/b8beff4e51fb2665624bf544859691f1bac1ddafebe92f90f35db0a5f4aa6341.jpg

2024-04-01 14:10:30 UTC

Implemented QR codes at a beta tester's request, now importing sigbash keys into nunchuk.io is a breeze :) https://image.nostr.build/13b7eb136767ac6afa915b1d833961f213e3aa9eed6c3deb2e20fa8c32d723de.jpg

2024-03-31 14:29:41 UTC

Reposted from Xitter:
Bear markets are for building, bull markets are for... beta testing?
I've been working on an automated multisig key agent I'm calling Sigbash (website: https://sigbash.com - use code BETATEST if you want to help kick the tires on it).
Sigbash implements browser-side xpub blinding, which is a fancy way of saying that, from the time a user is issued a key, right up until the key agent is asked to sign a transaction, the key agent *doesn't actually know anything about the key it issued*
This means that if the signing server is ever compromised or a bad actor somehow gets a hold of the seed phrase, they won't be able to discover anything about what it protects (!)
Quick 🧵 below:
Techie mumbo jumbo: when a user requests an xpub, Sigbash sends one to the client browser, and then on the client the WebCrypto API is used to choose a random derivation path to generate a new child xpub. A SHA256 hash of this xpub is sent to the Sigbash server; the hash is the only information the server has about the key until a request is made to sign a PSBT.
When it's time to sign, the user submits the PSBT along with their xpub; the signing server takes the SHA256 hash of the submitted xpub and check whether there's a record of it, and if so returns a signed PSBT.
Instead of having a human in the loop to confirm a signing request, a user can instead attach signing conditions to a key when it's issued- e.g. "sign transactions submitted with this key immediately", or "only sign after a certain date", or "only after a certain block height"
along with
"sign only if this Bitcoin address has a balance greater or less than a certain number of satoshis"
or
"sign only if the global network hashrate is greater or less than a certain number of Terahash",
or
"sign only if the BTC/USD exchange rate is above or below a certain number"
I've tried to square the circle of making this as private as a multisig key agent can be while still being supported by as much of today's wallet software as possible - there are no trackers on the site, no accounts to set up or email addresses that can be harvested, no credit cards to bill (thanks @BtcpayServer !), and it's available over Tor to avoid leaking your IP address.
There's absolutely more that can be done here with e.g. Taproot key paths, Musig2, hopefully even OP_CHECKSIGFROMSTACK one day - but for now I wanted to focus on the existing wallet ecosystem ("meet your users where they are" and all that)
Instead of implementing some sort of slashing mechanism or fidelity bonds to ensure the signer doesn't go rogue, Sigbash makes use of what Mircea Popescu would have called a 'GPG contract' (https://nakamotoinstitute.org/mempool/gpg-contracts) - every xpub purchased comes with a PGP signed receipt that includes the hash, the signing conditions and an OpenTimestamp file attesting to when it was created. If the signer either fails to sign when it should (or signs when it shouldn't), users can post the receipt and effectively burn the key agent's reputation.
If you want to give it a try:
a) check the FAQ at https://sigbash.com and in particular the compatibility chart - not all wallets support non-standard derivation paths! and
b) use the checkout code BETATEST to get a free xpub to play with - which I plan on disabling when the in a few weeks when the halving comes, just as a heads up ;)
Thanks to everyone who helped to test this over the past few months, I couldn't have done it without you. A very special thanks to @Rob1Ham and @SahilCO for their early feedback and uncovering the nastiest of bugs, and @mflaxman for coming up with the idea for blinded xpubs back in 2020 (https://github.com/mflaxman/blind-xpub)
Back to your regularly scheduled shitposting ASAP, I promise :)

2024-03-31 14:26:58 UTC

Feeling cute, might start getting back into nostr ^_-

2023-07-07 10:48:02 UTC

"The CivKit Node is an experimental Nostr relay, complemented by the ongoing development of communications gateways for BOLT8 Noise transport and BOLT4 sphinx onion routing, thus enabling Nostr services to be accessed over the Lightning network."
https://www.nobsbitcoin.com/civkit-roadmap-released/
....k, now I'm interested.

2023-07-01 19:59:18 UTC

The Twitter-to-nostr lifeline has come back to life - and such perfect timing!

2023-07-01 15:41:39 UTC

Willing to bet a nickel that 'Twitter being down' and 'Twitter killing tweets for anyone not logged in' are causally related.
(Theory: Access to tweets from the outside blocked -> clients say "Hey we can't fetch tweets! Better retry again!" -> automatic decentralized DDoS)

2023-06-30 14:44:59 UTC

https://nostr.build/i/0d83459f99aef124de928cf3e72493b6996c463fc2fb2523e05bcd6582d5fe6d.jpg

2023-06-10 15:02:30 UTC

https://nostr.build/i/37035379844843635f21af0de11cd0823a68d60956fac54821076d6ee39ef0c7.jpg

2023-06-09 14:05:22 UTC

Our meetups at @npub1key…lt3h are laying the ground for a common understanding of Bitcoin, similar to the lectures of Shahid Morteza Motahhari and Dr. Ali Shariati at the Hosseniyeh Ershad in Tehran in the early 1970s, establishing 'Islamshenasi' as an alternative political ideology opposed to the Ancien Régime. In this essay I wil
(jk jk but also fr fr)
https://nostr.build/i/7a750ac5b178e826c048559630211e65fd1bd3cbaf2b178716d2715bc165a8aa.jpg
https://nostr.build/i/bced18894cd05102c0a76ae887fc7b959010b7f747c5902e03cfc1903a841570.jpg

2023-06-08 20:53:00 UTC

many such cases!
https://nostr.build/i/6cb92896c16b9c3585ecfee2feb3441c933ca41b4962eb1937328b5be03d76b6.jpg

2023-06-08 17:47:17 UTC

https://nostr.build/i/0bc16df486b704f77677f4f3ff6757b28a64497960fe079b94f00101cb40f874.jpg

2023-06-08 14:57:33 UTC

mining the DMs for content
https://nostr.build/i/3d24d939b48995e56d74ed2487d5c7303f7bae40b97af283ec4451617dd28400.jpg

2023-06-07 17:23:35 UTC

This LedgerX spread is unreal, did a market maker get liq'd or is this just what the looks like in a post-SEC lawsuit world?
https://nostr.build/i/8623fc43014200177389ea7c11b0f8a48e809a88203b6fc9858b9eda0242061e.jpg

2023-06-07 12:47:23 UTC

Join us tomorrow, Thursday, June 8th, 6 PM at @PubKey_NYC at 85 Washington Place!
We'll be talking about tumbling, mixing, Chainalysis, the strange case of Roman Sterlingov and Alexey Pertsev, peeling 🍌 and pooling 🌀, and all that jazz!
We talk about coins, we're based, it's Coinbased!
https://www.meetup.com/pubkey-meetups/events/293767462/

2023-06-06 15:27:05 UTC

- Coinbase spent millions on an army of lobbyists to build a regulatory moat and crowd out competitors
- Hired many ex-SEC lawyers and even a former Senator in order to make use of their access to the State
- Helped contribute to the death of Jstark by reporting his transactions to German authorities
Seeing influencers crying as the SEC tries to take Coinbase down makes me grin a little

2023-06-04 16:07:49 UTC

gm, Chainalysis is astrology for spooks

2023-05-17 16:50:55 UTC

When my grandchildren ask me "when were you sure the dollar had lost", I'm going to say 2023, somewhere between the torrent of daily "de-dollarization isn't a big deal and also isn't happening" articles and that cashapp advertisement that advertised sats next to the $
https://nostr.build/i/a122dda9ce3ebe2ea5457a7e8b42d83095af7ecb171bdd3bcd685d7f097fee7e.jpg

2023-04-28 19:11:30 UTC

https://nostr.build/i/nostr.build_0c86409822a4085c5d633ee1c350dd7a6b4d1baf89eab912e7f7ec17ce635293.jpg

2023-04-27 13:50:02 UTC

Re: the PSBT dutch auctions - has anyone seen (and/or proposed) any non-ordinal use cases for these yet?

2023-04-20 14:26:15 UTC

Anyone have takes to shill me on CivKit before I dive into it? (At first glace the 'KYP' oracles seem iffy to me.)

2023-04-16 14:40:31 UTC

Booking tickets for Miami. Any nostr breakout events planned for Bitcoin 2023?

2023-04-12 15:49:49 UTC

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Both! I keep a small amount of sats on OpenDimes. They also make great birthday gifts and wedding presents.

2023-04-12 14:34:52 UTC

Feels like a good day to mix and withdraw
https://i.imgur.com/z0XA6SQ.jpg

2023-04-08 22:15:05 UTC

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I know no one wants to hear this, but those 'Women, Life, Freedom' protests we were all getting blasted by in Q4 2022/ Q1 2023? Psyop.

2023-04-08 22:07:51 UTC

I'm noticing as Twitter withers away and nostr replaces it: the lack of algorithmic content makes it much more difficult to manufacture consent.
It's wild how many psyops I'm missing out on by just following friends / WoT.

2023-04-04 10:50:11 UTC

POV: you weren't at PubKey for the meetup last night to hear us discuss soft fork activations
https://nostr.build/i/nostr.build_84dcde9f91dc92b1acb7cf4350fdea57c353e0d3c73539b81eeb73fb6a54dde8.jpg

2023-03-30 13:21:12 UTC

Things I'm hoping we'll talk about:
BIP 8 / BIP 9/ Speedy Trial
Inquisition
How do soft forks get activated, anyway?
PubKey, this Monday 4/3, 7 PM, see you there!
https://iris.to/note1eut6kd6nm6zzx2nyweae9kr68f03g6upratcz5yzzzgvmly4tj6smu6fzy

2023-03-30 13:19:22 UTC

"Nearly all threshold ECDSA based TSS implementations are vulnerable to key extraction attacks despite having undergone multiple security audits."
TL,DR: Most MPC implementations appear to be vulnerable. Bitcoin users unaffected.
https://www.nobsbitcoin.com/verichains-discovers-critical-key-extraction-attacks-in-popular-threshold-signature-scheme-for-mpc-wallets-and-digital-asset-custody/

2023-03-28 14:38:48 UTC

Thought exercise: if a nation-state actor decided to choke off all the exchange on-ramps and restrict or prohibit the exchange of BTC to fiat, what would you wish you had done differently? what would you wish you'd done sooner?
I think I would wish that I had used Bisq exclusively and mixed all my sats before sending to either cold storage or some physical bearer device (e.g. OpenDime, SatsCards). Which means I should probably start doing that right now.

2023-03-25 13:19:26 UTC

Chokepoints, chokepoints everywhere https://torrentfreak.com/cloudflare-disables-access-to-pirated-content-on-its-ipfs-gateway-230324/

2023-03-24 13:33:50 UTC

Reading this when I'm 2/3 of the way through writing a book hits different :-|
https://nostr.build/i/nostr.build_64564782a4100673270a6f9a10442609374c38908f4a224d85785a63ecd24ba3.png

2023-03-24 12:09:43 UTC

That Greenpeace sculpture is right up there with calling Trump supporters "deplorables" - it's not convincing anyone that wasn't already convinced, but it gives their opponents some amazing branding for free. Can't wait to see it on a satscard :)

2023-03-22 22:17:21 UTC

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🎶 Everyday another vulture takes flight 🎶
🎶 There's another danger born every morning 🎶
🎶 In the darkness of your blindness the beast will learn to bite 🎶
🎶 How can you fight if you can't recognize a warning? 🎶
https://nostr.build/i/nostr.build_dc86987329e00725267a796a63e3dd488a4fca3e27f9a63078d0e741a5037875.png
https://nostr.build/i/nostr.build_9c64e8a6b975b1e49271fcdc64eb2a7e9edea901b7b3df7d6550c3781f03c528.png

2023-03-22 22:11:52 UTC

They're going to cut Kraken off from ACH, sic the DOJ on Binance, and as for Coinbase:
https://nostr.build/i/nostr.build_dc86987329e00725267a796a63e3dd488a4fca3e27f9a63078d0e741a5037875.png

2023-03-21 14:31:48 UTC

It's all so tiresome
https://nostr.build/i/nostr.build_b8f94c50c9d0d7d4bb0b7701360e8cb17339146659980263586f8b0338e520c6.jpg

2023-03-20 15:19:13 UTC

GM to everyone except fiat apologists https://twitter.com/arbedout/status/1339968110342909953

2023-03-17 22:24:33 UTC

No words to describe how much Nostrica FOMO I'm feeling rn

2023-03-17 13:23:29 UTC

Slaves lose everything in their chains, even the desire of escaping from them.
-- Jean-Jacques Rousseau, watching normies scramble from bank to bank in the midst of a crisis (maybe)

2023-03-15 17:45:21 UTC

Just don't dance.

2023-03-15 13:48:18 UTC

Last Friday the Chinese government brokered an agreement between Iran and Saudi Arabia to restore diplomatic relations and bring a halt to the years-long undeclared conflict between both countries.
Meanwhile, after spending two absolutely wasted decades in first Iraq and then Afghanistan, the government of the United States spent last Friday cleaning up a regional bank blowup at the behest of members of their political donor class.
Years from now this will be written about in history textbooks as the signpost for when the post-WWII 'rules based order' came to an end.
https://www.cnbc.com/2023/03/15/does-chinas-role-in-saudi-iran-rapprochement-represent-a-new-order-.html

2023-03-13 16:23:30 UTC

https://nostr.build/i/nostr.build_201c99b2ef5d67b6af484970d2e4d3b1e64b366a426d10fecf61aad53228136e.jpg

2023-03-13 15:51:57 UTC

One down, one to go
https://nostr.build/i/nostr.build_b7dce0c11843daa599eeaee990c8a75f558f29892821b6a60457e11610166172.png

2023-03-13 13:52:43 UTC

Spare a thought for the people in your life stil trapped in the fiat mindset today.
https://www.youtube.com/watch?v=4t3kQf3lWBs

2023-03-13 00:18:27 UTC

1) The FDIC, the Treasury and the Federal Reserve have decided that SVB depositors will be made whole.
This means that Circle will be able to redeem USDC at par. This means USDC will continue to exist. See Jeremy Allaire's thread celebrating here: https://twitter.com/jerallaire/status/1635059024050937856
2) Last year we learned that, in the event of a contentious Ethereum fork, the 'winning' chain will de-facto be whichever one Circle believes is 'valid' (see screenshot of Circle's August 9, 2022 statement before the merge).
1) + 2) =
3) Circle exists because Treasury has decided to allow them to exist, which means any forks that are recognized by Circle as valid for USDC are - in their judgement - not going to get them on Yellen's bad side and have her reconsider that decision.
So, yeah, Ethereum is officially captured by the State, I don't make the rules.
https://nostr.build/i/nostr.build_4a9396e6b1883728f86feacec35cb85f5194e22c36afc828c458c9fafddfead4.png

2023-03-12 16:20:24 UTC

I'm not certain what the ideal amount of Roku's $487mn of funds - out of a corporate treasury of $1.9 billion - should have been stored away in an m-of-n Bitcoin multisig.
But clearly the answer is not 'zero'. It turns out 'zero' loses you $487 million dollars!
Even for companies with significantly less exposure, if you find yourself not being able to make payroll - either b/c of exposure to Rippling or to SIVB diretly - how can you justify not keeping at least two weeks of payroll in an asset that doesn't require an intermediary between you and your employees, once you dig yourself out of this mess?

2023-03-12 15:53:56 UTC

We were right about everything - about yield farming, about shitcoins, about fractional reserve banking, about inflation...
...and they will never forgive us for it.

2023-03-12 00:18:40 UTC

Fuck a bailout, I want to see show trials.
https://nostr.build/i/nostr.build_70eeecd1744630cd2066122b934cc8b9cb7ce8f40b88e2893e44fe701f0f41bc.jpeg

2023-03-11 17:50:03 UTC

I mean. If you're a stablecoin that has lost it's peg as a result of a run on a fiat bank....
https://nostr.build/i/nostr.build_3f7148dc8072086be08addf3e41c3382d2e593d8c11bdcc3114f3a5817d9e2eb.gif

2023-03-11 05:08:23 UTC

Them: you shouldn't celebrate when banks fail
Me:
https://i.imgur.com/9QSAKan.jpg

2023-03-10 16:59:33 UTC

- reply

If you're a startup that held your deposits at SVB and you are now waiting on the FDIC to make you whole, you've just gotten a crash course in the benefits of self-custodying your own funds.