MariusFebruary
Marius

life, human, freedom, BTC, ⛵️🎼📷

Public Key

npub18kmu5s4gaq7qf02je6pk4xqckm5s2t5782596gkzk0r3tufpl9hs3gxwnr

NIP-05 Address

Marius@mess.ch

NIP-57 Address

marius@bb.mountainlake.io

Profile Code

nprofile1qqsrmd72g25ws0qyh4fvaqm2nqvtd6g9960r42zaytpt83c47ysljmcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3samnwvaz7tmjv4kxz7fwdehhxamgv4ex2tnrdaks3gkj8p

Publishing to

relay.damus.io

relay.noswhere.com

Author Public Key

npub18kmu5s4gaq7qf02je6pk4xqckm5s2t5782596gkzk0r3tufpl9hs3gxwnr

Show more details

Last Notes

2024-09-10 10:57:00

here you go sailing on grass https://cdn.satellite.earth/eec7c33ddb1c7ee9e3a10bc03ccebddc5339c4691696a60ef8eaaf260c00b3f9.jpg

2024-09-02 16:11:24

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Most of knowledge is available to anyone for free for quite some time. Bitcoin may be the first massively relevant manifestation of the phenomenon you describe, that anyone can self-educate to top levels. There simply weren't enough people who could have educated all of us on the subject.

2024-09-02 08:35:08

https://i.nostr.build/fMrrNEzyQkPSsuzb.jpg PV

2024-08-24 16:01:57

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They too prefer to keep their Bitcoin. That one move is quite sensible.

2024-08-22 14:24:30

"In 2008, an anonymous programmer released a paper that led to the discovery of a new element. An element with a fixed suppl and without mass. A substance that exists only in the informational realm. A type of money that can represent the scarcity of human life. [...] An asset that you can store in yout head. [...] A perfect measurement tool for the value of human time. A tool to limit the profitability of violence and false promises. A connection between time, information, and morality" - Knut Svanholm in "BITCOIN: EVERYTHING DIVIDED BY 21 MILLION"

2024-08-16 13:06:22

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#sadboats

2024-08-13 14:08:17

Finally reading "BITCOIN: EVERYTHING DIVIDEND BY 21 MILLION " by Knut Svanholm as the weather allows for it - https://i.nostr.build/BY9naoMZGSkooUFC.jpg

2024-08-11 16:59:50

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This one is deep. I feel like the more Bitcoin progresses along it's inevitable path the more profound the story gets. Thanks @nprofile…s8zt and @nprofile…cpm9 for uncovering more and more of that path.

2024-08-11 11:45:31

Studying Bitcoin has been one of the easiest learning trails to start understand the driving forces in today's world. That is amazing and quite counter intuitive. It is the analogy of throwing babies into the pool to "teach" them how to swim.

2024-08-09 12:04:00

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I am happy I switched to Ocean. Volatility is your friend also in mining. Transparency is fantastic.

2024-08-08 15:44:57

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Really cool EP. Ordered the book and looking forward to the read.

2024-08-06 17:57:07

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Remember - all I do (on Bitcoin, Lightning, Nostr) is help build a platform for you, the young, the future (pretty, smart, curious , or otherwise). B4 sounding too altruistic: I do lots of stuff for me too 🐬⛵🎾🍸

2024-08-05 19:14:53

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Coldcard?

2024-08-05 18:48:56

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Anyone who can live with the fact that I can rug you, feel free to use https://bb.mountainlake.io/ or use a cashu wallet with my mint at https://mint.mountainlake.io. I don't charge any fees on top of the lightning network itself. And keep in mind that I will be sailing til mid September and therefore can't offer the same support as in the winter months.

2024-08-02 16:15:35

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Moscow time: 2.857*10^-6

2024-07-28 19:43:58

https://i.nostr.build/q510hjzYsAti84Wn.jpg PV

2024-07-25 18:10:40

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You are confronting the reality of the universe like Salvador Dali did. The only way possible.

2024-07-25 18:03:01

I don't know why @nprofile…ntq6 s hash rate plummeted but it makes me feel at home going against the trend ☺️ and am going to add some grinders.

2024-07-20 19:57:38

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BTW - I use https://www.photoprism.app/ locally and am very happy with it.

2024-07-16 11:29:26

"Bitcoin is the cheapest way to buy the future" - Eric Semler with @nprofile…s8zt in https://fountain.fm/episode/aICDQoyX33iIhkKLEpOu

2024-07-10 17:56:52

Often people don't even understand what problem Bitcoin is solving, some don't even see there is a problem. Obviously too early to talk to them about Bitcoin and the new order. I try to steer the conversation to movies (have you seen "In Bruge") or other light weight topics (are you happy with your life).

2024-07-10 15:36:26

This is high-level Bitcoin education by Bitcoin Mechanic. Educational on why ordinals and inscriptions are spam "exploiting a bug." Deep insights on the mining process and why "FPPS does not work in the long term." Be a bit patient at the beginning of the ep when Peter asks Roger Federer to explain the fundamentals of tennis, why the court is rectangular and the ball is round. Bear with it, and the conversation starts picking up speed quickly. https://youtu.be/bCJR7v73r3Q?si=ph0mxFvNjMizDuIL - thanks @npub14mc…frlx and Bitcoin Mechanic.

2024-07-08 11:43:53

PV https://i.nostr.build/keVp7AJTVQxZ9P22.jpg

2024-07-07 19:53:33

It's a good time to stack sats and I wished I could tell others because it could show them the way out of the debt spiral. Hahaha. My mistake: others might well have totally different prefs; who am I to know if they are not happier in the middle of the pack being kicked around. Again: it is a good times to stack sats.

2024-07-02 16:10:36

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Very grateful for Bugle to accurately report on the most pressing issues confronting mankind 🤜🐬💯🙏

2024-07-01 11:00:49

"Strangely enough, [most] human beings behave the same way [...] because our brain is 100,000-year-old hardware that is dealing with this modern stimulus. People, as a crowd, buy the top and sell the bottom." - in https://youtu.be/oNADaVHmcZY?si=MNL9N4P89YGMZD5P
@_Checkɱate 🔑⚡🌋☢️🛢️npub1qh5sal68c8swet6ut0w5evjmj6vnw29x3k967h7atn45unzjyeyq6ceh9r

2024-06-28 17:33:14

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who choses forced labor?

2024-06-27 08:17:12

Every day is a good time to build: health, infrastructure, apps, skills, awareness, etc.

2024-06-26 17:28:15

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

2024-06-26 12:24:37

https://i.nostr.build/O4Qz5.jpg works as wallpaper, for example

2024-06-25 16:49:10

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

2024-06-25 15:40:01

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Thanks for sharing. Done my part. It probably won't take long to pay that bill.

2024-06-21 19:57:40

https://cdn.satellite.earth/9e5ccf0e23aa2a9e0ea497f202742bd704ead843fd428c3bd3c293b28ad988e8.jpg Thun, Switzerland

2024-06-18 15:30:30

Some client managed to replace the 400+ profiles I follow by one. Looking for the best restore process...

2024-06-14 16:07:27

PV https://i.nostr.build/zd363.jpg

2024-06-14 14:03:53

I like zapping with eNuts or Cashu.me as it serves a tripple-purpouse: 1 - value for value (the principal reason), 2- test cashu mint, 3-test lightning node. Now that the sailing season started in Northern Europe it's great to have quick checks for everything.

2024-06-09 19:23:59

Nowhere else but in Bitcoinland is hibernation the one and only investment strategy. So you will hear from investors as much as from groundhogs in winter. Your only voices on nostr are builders.

2024-06-09 06:29:47

PV https://cdn.satellite.earth/ff9cac78d5f81e0082d50975867dc4938bf1c08846d8a3918e8cc5fb715753ee.jpg

2024-06-08 21:42:39

Be grateful for your struggles. There is so much more to learn from mistakes and failures than there is from successes.

2024-06-06 16:07:35

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

2024-06-05 15:11:13

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Me, too. The privacy aspect is excellent both for the users and the mint operators. A great application is Gandalf's Money Printer (https://brrr.gandlaf.com/). I use it to print my custom bank notes and hand them out as extra tips to people. Feel free to use my mint where you see fit: https://mint.mountainlake.io.

2024-06-02 19:46:41

I enjoy listening to Ansel Lidner - chill, intelligent, visionary, and seemingly indifferent and stoic about the future. Pretty much the ideal profile for information :-)
"People are talking about $200$ oil, $250$ oil, $300$ oil. It can't do that. The economy can't handle the price of oil that high. I would crash the economy everywhere."
That is a valuable comment. Kicking the can goes a long way, so precise timing is impossible. Applies to Bitcoin, too.
"The world could be awash in oil [if it wasn't for] these OPEC production cuts."
This means that we are players in a game rather than dealing with universal forces and laws imposed by physics.
"Western countries measure their GDP by spending. What do consumers spend money on? China measures its GDP by spending. So they can build bridges to nowhere to increase GDP." ... "You might as well dig holes and fill them back in. It's actually worse than that because you need to spend money to maintain all these fancy bridges and fancy trains running at a loss".
... more clown world ...
"We have Kohl, Target, and Walmart cutting costs, missing earnings, showing that the consumer in the United States is not doing well. We are probably going to go into recession later this year. It's possible we are already in recession. Recession is always hindsight. They won't even make it official until quarters later, and then years later, they might be revising GDP. " - Ansel Lidner
https://www.youtube.com/live/3LZTESlz7ZY?si=680cn898lwZIn394

2024-05-31 20:22:35

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Poor choice of words: "following" should be "next".

2024-05-28 07:37:13

"Help fight misinformation by allowing The Bugle to do the thinking for you. Doing the thinking yourself is just too much damn work." - The Bugle
#nevent1q…h88r

2024-05-27 16:53:18

I am sixty, but nature was kind enough to grant me the illusion of choosing my age from a broad window. Knowing and then living according to my priorities becomes easier as I age. We are free and incredibly flexible; don't let anyone tell you there are no alternatives. Physics and time are set, OK, but everything else is up to you. There are no authorities outside of physics, and nobody can be absolved for poor decisions. You are the master of your life at 20 or 40 (dudes at 80 and 100 know it already). Are you overwhelmed by life or stressed? Run an experiment: say "no" to the following three requests that take your time and attention, and carefully note the result. Adjust and repeat until you feel you are in control.

2024-05-21 06:05:38

The US dollar died 1971. Each time the FED prints money its a hardfork, a new coin is born, which should come with a new name.

2024-05-20 21:55:05

https://i.nostr.build/lL4XP.jpg

2024-05-15 13:08:30

I have been a tiny bit absorbed by re-modeling my mobile data infrastructure 😅 . Seeing cool apps (the ones that integrate Bitcoin as a global payment rail) get kicked out of the App Store and Play Store has prompted me to abandon the iPhone. I bought a Pixel 8 pro, installed grapheneOS, and had to find replacement apps for my stuff. I also setup Nextcloud and linked everything together. Two weeks in, I am still down some critical apps, but luckily, only on the leisure part of life: I need two robust apps for sailing (Navionics don't work, PredictWind and Windy need Google Play Services).

2024-05-15 04:53:14

Some live in a meta world: "In a May 14 X post, the official Degen Chain account said it was working to resolve the downtime alongside its development partner — rollup infrastructure platform Conduit". As the token is obviously supportted by its entertainment value the downtime is good news.

2024-05-14 08:51:28

The only podcast I happily listen through the ads. Seriously responsible journalism.
#nevent1q…cean

2024-05-13 08:27:35

The fact that personal investment has become so simple (stay humble, stack sats) makes many of the other strategies look like hobbies. Stuff like TA and waiting for the next FOMC meeting is clearly a cult rather than a strategy.

2024-05-12 20:32:08

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Why is it that some of the obviously intelligent people get derailed by Bitcoin? It must be more than ego? Prominent specimen include Taleb, Harari, and Varoufakis.

2024-05-12 05:54:55

PV https://i.nostr.build/3PDnP.jpg

2024-05-07 16:31:50

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If they don't notice the nuts they most likely won't notice any other of my philosophical insights (😇 ) Ultimately sats are proof-of-everything, no?

2024-05-07 14:24:36

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I actually DMd the token directly using my account and not the (cool) function built into eNuts.

2024-05-07 13:48:50

I sent a few eCash payments as DMs to various NoStars (aka Nostriches), with more than a dozen still uncollected. Even though clients render Cashu tokens nicely, people don't seem to notice. @npub1dx5…88sj

2024-05-07 13:39:27

I liked @npub1xnf…lpr5 better without the red warning informing new users that a wallet is custodial and without driving new users down the path of starting a node on the phone. In my opinion, there are too many assumptions about how people will (should!) use the app.

2024-05-06 14:14:15

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Sometimes, I come across material so brilliantly explained that I find no need for further engagement other than being a pointer. This TFTC episode, in particular, falls into that category.
Dhruv's framework for better understanding mining was eye-opening for me. He proposes distinguishing between a layer zero market and a layer one market (which I have conceptualized as L1).
The objective of the layer zero market is to release Bitcoin into circulation. The participants in layer zero are the entire Bitcoin network on one side of the trade and the miners on the other. The trade is the release of the block subsidy in exchange for the computation, and the price is denominated in BTC/hash.
According to Dhruv, "mining" is a misnomer. Bitcoins are not made or found by the miners. A better way of describing the process is that the Bitcoin network sells a fixed amount of Bitcoin to the miners every 10 minutes. The difficulty adjustment is a market-making process that sets the price so that there is one bid every ten minutes on average.
The layer zero market is less complex as it does not require scripting or a mempool.
The participants of the layer one market are individuals trying to get a transaction included in a block. The mempool is part of this layer one market with an order book of several hundred megabytes.
The two markets are intricately linked, with each layer creating capabilities that the higher layer relies upon, and higher layers adding value to the lower layers. This interplay continues as one moves to higher-order layers, making the order book more complex. The order book of layer zero is one ask; at layer one, it's the size of the mempool, and at layer two, it's everything that is happening on lightning, which is in the order of a couple of gigabytes, as Ryan Gentry lays out. More and more of the data resides off-chain as one moves to higher layers.
It was well worth my time to listen through to the end of the episode.

2024-05-05 21:12:25

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Nostr is a big restaurant, not sure how long it stays on the table... https://i.nostr.build/M52o4.jpg

2024-05-02 15:24:40

inspiring conversation between @npub1a8j…5pj4 and @npub1qny…95gx https://serve.podhome.fm/episodepage/CitadelDispatch/cd130-lnbits-bitcoin-and-nostr-with-ben-arc

2024-05-02 15:18:31

PV https://i.nostr.build/POMo5.jpg

2024-05-01 06:01:26

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The banks are required by the Swiss financial regulator to collect this information from the customers. So technically, it is a Swiss form. But it is obvious that the Swiss regulators did not think of this themselves. I guess someone gently asked for it.

2024-05-01 05:58:11

Not sure if my friends in the USA are aware of the fact that citizen of other countries (Switzerland, in my example) need to fill out forms like this when dealing with banks and Bitcoin services. Imagine we all had to do this for each country. Of course, we don't. What do you think when you see this form? Yes, me, too: Switzerland is not independent. https://i.nostr.build/vG3L5.jpg

2024-04-27 07:41:09

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How many countries do you consider truly independent on the policies of the US? The population percentages is not what matters - we need to be counting the slave state in, no?

2024-04-27 07:36:57

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https://m.primal.net/IAVJ.png byebye

2024-04-25 11:20:02

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Super Vortrag 🍀 - ideal als Einstieg für No-, New- oder Altcoiner, die sich ernsthaft mit dem Thema Energiemanagement auseinandersetzen wollen

2024-04-25 10:13:47

In this important conversation (https://fountain.fm/episode/HW751CSpd243KXhrA1wQ), @npub185h…wrdp and @npub1guh…6hjy point out the risk that Bitcoin will lose one of its most important properties, censorship resistance unless we Bitcoiners do something about mining centralization.
I think Bitcoiners allowed this to happen because of what I would call the "1 BTC = 1 BTC" fallacy. People praise Bitcoin's ability to transport value through time. They claim that all I need to do is buy and store Bitcoin in cold storage. This notion seems naive.
The value of the Bitcoin in cold storage is bound to evaporate by gradually altering Bitcoin's properties. Introducing effective censorship through miner centralization, as detailed in the TFTC episode, is one way of devaluing Bitcoin. Only if (Bitcoin value evaporation < FIAT inflation) do we have a better store of value. As Erik Voskuil brilliantly points out in Cryptoeconomics (https://voskuil.org/cryptoeconomics/cryptoeconomics.pdf), it is humans, willing to resist control and accept the risk of punishment, that secure Bitcoin. Therefore, the risk-sharing features are essential for Bitcoin, making this risk bearable for individuals.
Decentralization is another word for risk-sharing.

2024-04-24 16:44:43

My imagination is sometimes rather limited. True, I cleaned up my utxos a while ago (no sub 100k-soon-to-be-dust particles). However, I first need to see 100$ fees to start thinking properly about it. On April 20th I could clearly see the "black hole" between 100$ (max lightning capacity for most people) and 1000$ (where on-chain fee % start to become acceptable). We need to close that gap before fees will permanently be above what 100$ is today.

2024-04-23 12:21:28

https://fountain.fm/episode/HTnELhKE0bNO8MpJxohE Essential for everyone holding significant amounts of Bitcoin. Leaned a lot. Thanks @npub1syd…znq4 and @npub1r8l…x5dk

2024-04-21 17:11:12

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Gigi: https://blockstream.info/tx/a5e2a69b34a824022fff51b9846567a98ea51217018dbefa2642c41d6e9f079b
OpenSats: https://blockstream.info/tx/19ec489372f53c984c591fe13241d8f53813b5d86b5ceb6de465e134ac1e13e1
HRF: https://blockstream.info/tx/671d01cd00bd7ea46734e4b940d9af7d63ce33a3904df0aaf18a3431ddd1a28c
(may need to babysit these txs to confirmation...)

2024-04-20 06:31:49

https://i.nostr.build/BR9ow.jpg At our inspiring halving party pleb event, we collected donations to be split between HRF ( @npub1trr…hdpu) , @npub1der…xzpc , and @npub10pe…n34f. The total collected was 1'783'227. I am going to pay out 594'409 sats to each of the above Bitcoin giants as soon as my lightning node finds a route or on-chain fees come down to reasonable levels. I will post the payment confirmations here.

2024-04-19 12:46:52

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thanks - closed my twitter account a while ago but will try to look them up

2024-04-19 08:58:09

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Thank you for your input. I do get bizarre vibes from their support. Something like, "Hey, sorry, your miner XYZ needs repair; please pay $250$ for the repair or $300$ and provide a shipping address to send the broken miner to." Then I go check on Braiins just to see that the miner by that ID is hashing just fine. In the most benign case, they are not on top of their game. In the period of the last 12 months only half my miners were having, the rest curtailed, broken, or worse.

2024-04-18 21:43:56

Do we have anybody here on nostr representing compassmining.io in any form?

2024-04-17 11:50:53

The paragraph below is copied from a speech given by Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank, in January 2018. Later that year, Swiss citizens were going to vote on the introduction of sovereign money ([Vollgeldinitiative](https://www.vollgeld-initiative.ch/english/)).
Reading the speech six years later, two things spring to mind:
(a) The concerns he enumerated with transitioning to sovereign money, such as the need for central banks to supply commercial banks with liquidity by taking assets of those banks onto their balance sheets, happened anyway (QE) regardless of whether sovereign money was introduced or not (it was not).
(b) when we substitute "sight deposit accounts at the central bank" with "Bitcoin," the speech is expanded onto a global scope
Bitcoin is successfully and gradually introducing to the world what the Swiss initiative unsuccessfully aimed for in 2018.
[The paragraph from Thomas Jordan's speech on 16-JAN-2018](https://www.bis.org/review/r180118c.pdf):
"Furthermore, granting broader access to sight deposit accounts at the central bank carries risks for financial stability. In periods of heightened uncertainty, the public would likely convert large amounts of their sight deposits at commercial banks into digital central bank money. Sight deposits with commercial banks can already be converted into central bank money today, namely into cash. However, holding cash is comparatively expensive and inconvenient. In a scenario where the public is granted access to digital central bank money, the SNB would probably have to provide the banks with liquidity (‘lender of last resort’) more frequently and on a larger scale than is the case today. In return, it would have to take assets of the banks and the associated risks onto its own balance sheet."
(the speech is quite insightful and IMHO very clear and open about how money works)

2024-04-12 16:32:00

The most significant risk to Bitcoin is a behavioral change in the guardians of our current financial system, which has existed since 1971. If they adopted a transparent, fair, impartial, reasonable, competent, and apolitical approach to managing FIAT, this could significantly delay the adoption of Bitcoin. Otherwise, LFG team #Bitcoin.

2024-04-12 13:45:39

Are you looking for a deep break? Listening to "The Illusion of Money" by Allen Watts who tells us that "Money simply represents wealth in rather the same way that the menu represents the dinner." https://www.youtube.com/watch?v=dYSQ1NF1hvw

2024-04-12 04:07:41

Bitcoin is.

2024-04-10 12:03:22

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I, too, have been paying my dentist in BTC for two years now. If anyone is looking for a BTC dentist in the greater Zurich (Switzerland) area, DM me.

2024-04-10 07:26:38

@npub1qny…95gx , I thought about you calling out @npub15dq…lm5m for not investing in open-source development. Bitcoin is freedom money, implying that I am free to do with it as I please (including donating to OpenSats, HRF, etc.). For Bitcoin to be generational wealth, must I not demonstrate to my heirs and everybody else that I can and will withstand public attacks like yours on Saylor? It is only natural that Bitcoin owners will be bullied into parting with their coins for this reason or that. I am sure you know this; perhaps you are trolling and testing the space. I much respect your work.
#note1jag…dyqq

2024-04-07 18:36:51

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YESS https://m.primal.net/HsLc.png (graphics by @npub1z4m…na6p)

2024-04-07 18:24:39

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Think of the following: You store your stack on a 3-of-5 (of 7-of-12 or n-of-m) multi-sig. You choose multiple signing devices (Coldcard, Bitbox, Jade, Trezor, perhaps even a Ledger 😬 ). You write it all down for your heirs, meet a guru who convinces you to change your life, and retire to a Buddhist monastery. Twenty years later, your heirs call you M.P.D. and attempt to recover the Bitcoin. 1 BTC is 1.5 million USD by now, and fees are 1000 USD for a simple single-sig one-utxo input transaction. Ledger has been liquidated, and Trezor has been sold to Microsoft (now requires full KYC/AML background check). All devices require firmware upgrades. Handwriting everything your heirs need to recover the funds is a great exercise. If you can't write it, they can execute it. This simple exercise made me simplify my setup.

2024-04-06 14:52:38

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I wanted to decrease the complexity in my life, and I realized I had to set priorities. It is sad to let the car go, but I figured it was the only way to make room for the fascinating unknowns of tomorrow 🍀

2024-04-06 14:33:48

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😂 - the engine was thoroughly checked https://cdn.satellite.earth/d358f3e99853692e6a6eb4756c86d92f9a074c7143057c0dec59dde8a608f871.jpg https://cdn.satellite.earth/6fa65bc39257558dd193cc6695fdd60ef5b11ee51a0cbc34509ece950309d5b4.jpg https://cdn.satellite.earth/95537e3d1fa69a3492477ccb1e939a662550198eb71e4ea471e5a85604fc6a05.jpg

2024-04-06 13:59:00

Today I sold my MG Magna L-Type. The car was built in 1933 and participated in numerous hill climbs and circuit races since. I had a lot of fun with the car on the road and naturally also spent countless hours restoring/improving it with the help of a professional garage. https://cdn.satellite.earth/e6a2abae6fd250285f4c5f468ebccc464fc888edc25ada1ba6a56c7ffbe8cb56.jpg https://cdn.satellite.earth/4b55edf5f30ff793844b6758b26bab8b552e76cefb8d189b6ce1843e357aba90.jpg https://cdn.satellite.earth/546c4dfba6bb6df4d864bae5d0e7981bbebebfaba3b5ca2a926e2316e69968da.jpg

2024-04-06 06:11:33

Some quotes copied from "National Emergency: Executive Order 6102 and the Heist of the Century", an excellent article by Julian Fahrer and, imho, important for Bitcoiners to factor into their strategy.
"Realizing that the government is not your friend is like learning that Santa Claus isn’t real. A necessary part of growing up, but a potentially traumatic fact that needs to be introduced to children carefully."
The method with which gold confiscation was made legal was described in the article as "More like a Frankensteinian chimera lab rat fed plutonium for breakfast."
"History has shown that the invocation of national emergencies has, time and time again, given the United States government almost unlimited capacity to encroach on civil liberties."
"The […] answer is to do a basic pattern match between 1933 and today. People had money the government couldn’t control; Government wasn’t happy; Government stole the money. No more analysis required: the Feds will steal your stuff."
@npub1t8a…56yu
https://bitcoinmagazine.com/culture/national-emergency-executive-order-6102-and-the-heist-of-the-century-

2024-04-05 14:50:07

Just realized: If you quote your products in fiat you need to put an expiration date. If you quote in Bitcoin this is not necessary as products will automatically get more expensive the longer the customers waits.

2024-04-05 07:17:27

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Saylor and Mallers meeting already in round two seems like a seeding error.

2024-04-04 16:15:38

PV https://cdn.satellite.earth/ba65e1ab2e0e28e3a36afebe426322029ef38d4e843820bb37175f3e0903e533.jpg

2024-04-02 14:43:06

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Super lively and interesting episode, thank you and @npub14mc…frlx and @npub16le…ffxj.

2024-03-31 16:15:10

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The mint is using a well-connected cln node as funding source.

2024-03-31 14:25:33

https://cdn.satellite.earth/9addefe567953f003b01f9dfc086904662a498dfc4c6bbc251cd8ea4433b1b7f.jpg posted this (with actual bip39 words) at my local bus stop of my 1500 people town at 7 am this morning - by 10 am sats were gone 🍀

2024-03-31 08:36:31

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I did not give this operation a name yet ... just trying to support Bitcoin where I can...

2024-03-31 08:17:23

I am operating the #cashu mint https://mint.mountainlake.io - feel free to use it (responsibly).

2024-03-30 16:28:16

I imagine that a non-zero number of Bitcoiners have used vanity seed phrases of some non-trivial sorts. Did anyone ever "find" such Bitcoin? In addition to finding small hashes we can now also mine the human psyche for coins.

2024-03-29 20:44:19

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Love them and miss them in some clients.

2024-03-28 22:54:23

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🫂🙏🏻

2024-03-27 21:32:16

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Go slower, it will adjust itself.

2024-03-25 14:23:25

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Agreed. In some podcast (sorry forgot which one) someone said that we arrived "at the end of Bitcoin's beginning". That very well describes how I feel, too. Bitcoin is not a child anymore but as an adolescent it will struggle for another decade with the world's preconceptions. And also with the rent seekers who's income depends on Bitcoin failing.

2024-03-24 17:45:44

What are the risks to be considered when locking an opendime away for 10 years? @npub1az9…m8y8