kyletorpey
Kyle Torpey

https://kyletorpey.neocities.org

#Bitcoin research and analysis | As seen in Forbes Fortune Bloomberg WIRED BitcoinMagazine

Public Key

npub1pt533g8adyur60sufuug8lk33et0vmelzy2zh565rpg8qwxjykxqjtwx9a

NIP-05 Address

Profile Code

nprofile1qqsq46gc5r7kjwpa8cwy7wyrlmgcu4hkdul3z9pt6d2ps5rs8rfztrqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsheqvh7

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub1pt533g8adyur60sufuug8lk33et0vmelzy2zh565rpg8qwxjykxqjtwx9a

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Last Notes

2025-11-03 21:24:59 UTC

MINERS HAVE BECOME LESS ACTIVE IN TECHNICAL BITCOIN DISCUSSIONS
These days, there tends to be a wall between the mining, development, and other sectors of the greater Bitcoin network, almost as if they operate in completely different industries.
This was a view shared by Blockspace Media’s Colin Harper and Charlie Spears in an episode of Bitcoin Season 2 that was recorded at the North American Blockchain Summit in Texas earlier this month.
According to the duo, 30% of the network hashrate was at the event, and no one had been discussing the recent release of Bitcoin Core v30, which included a policy change that is at the heart of the “spam” controversy.
“Bitcoin has become incredibly siloed, and it’s very hard to be a subject matter expert in all of these different siloes,” said Harper. “And miners are mostly worried about making money.”
Spears added that most BTC miners would probably not know what version of Bitcoin Core their mining pool runs.
“They’re not thinking about it,” said Harper.
To this point, many miners and mining pools who Protos reached out to for this article appeared uninterested in commenting on the controversies around “spam” and “illegal content” on Bitcoin.
Some respondents indicated they weren’t the right entity to comment on potential soft forks related to spam, while others stated that they simply did not want to get involved with the drama.
Earlier this month, LayerTwo Labs CEO Paul Sztorc also claimed that Foundry, which operates the largest BTC mining pool on the network, plans to never have any opinion about anything going forward due to a previous controversy related to Ordinals Inscriptions.
“I think miners have mostly cared about one thing: the Bitcoin price,” said Sztorc when reached by Protos for comment.
“Secondly, they have learned that if they get involved, people will be upset.”
This is an excerpt from a new article on how miners are thinking about the "spam" controversy and the recent associated soft fork proposal. Read the full article over at Protos: https://protos.com/bitcoin-mining-industry-mostly-uninterested-in-spam-controversy/

2025-10-26 17:18:03 UTC

Is there a way to view Nostr posts that are popular among people you follow?
Started using this feed that shows popular posts made by people I follow, but I’d rather see a feed influenced by people I’ve chosen to follow (trust).
Is that possible on Nostr? Web of Trust-based social media algorithms seem like the best.
https://blossom.primal.net/c7107ecb40b78312805a2f1b255f90ebd4f9d64e2771e2d41467c26271a71f91.jpg

2025-10-26 14:37:48 UTC

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Some people love Bitcoin so much they are willing to attack it to save it 🥰

2025-10-12 13:11:06 UTC

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The situation with Ethereum seems objectively worse. They literally just built tech for the U.S. dollar and for crypto people to use to reinvent the existing financial system with them in power instead of traditional banks.
Monero is the most legitimate altcoin to ever exist, I agree there. I still think it gets replaced by better privacy on Bitcoin though.

2025-10-10 17:10:15 UTC

I’ve seen many decentralized or alternative social media networks pop up over the past decade or more, but Nostr is the only one that has had this level of staying power.
I still mostly use X, but it’s impressive how many people are still clearly using this network after a year or two. Nostr has staying power.

2025-10-10 16:46:06 UTC

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Same, I think. Gawker Silk Road article was around the same time.

2025-10-06 16:00:21 UTC

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Sure, that too.

2025-10-06 13:37:36 UTC

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Yes, people use the blockchain inefficiently (spam) until the block weight limit forces them to adjust.

2025-10-06 13:34:02 UTC

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Seems like it would be better if fees were rising due to monetary adoption rather than spam. Prevalence of spam seems like an indication of lack of adoption more than anything else, unfortunately.

2025-10-02 21:37:47 UTC

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1 out of 7 seems high. 1 out of 7 doesn’t necessarily mean 10 out of 70, for example.

2025-10-02 21:34:24 UTC

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Well, one lawyer out of seven who also said it’s basically Ocean vs the rest of the bar.
“Admitted” is also weird phrasing here.

2025-10-02 21:28:29 UTC

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14% is probably high, as even that one individual admitted it is basically Ocean vs the rest of the bar.
Also, it isn’t a change to Bitcoin’s protocol rules. It is a node-level policy.

2025-10-02 21:25:32 UTC

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Who are you quoting?

2025-10-01 18:33:05 UTC

I asked 7 lawyers for their thoughts on Knots/Ocean's claims regarding Bitcoin Core v30 creating potential legal issues for node operators.
6 out of 7 don't see it as a practical threat.
See the full article and all of the comments from Bitcoin lawyers at Protos: https://protos.com/exclusive-lawyers-call-bitcoin-core-v30-csam-concerns-overblown/

2025-07-07 14:04:54 UTC

📈 What to Expect From Bitcoin & Crypto in H2 2025
Will one of the tech giants establish a bitcoin position?
Is ETH at a make-or-break moment?
Which new crypto ETFs will get approved?
👇Here's a summary of what I wrote for Investopedia:
1️⃣ Bitcoin Treasury Companies Go Mainstream?
• Businesses holding bitcoin as a reserve asset are booming — from the originator Strategy (formerly MicroStrategy) to newcomers like Nakamoto.
• According to @nprofile…5ep3, there are now an estimated 135 public companies holding bitcoin.
• “The question of whether to acquire bitcoin is quickly going from if to when,” says @nprofile…8unw of Castle.
• Cole expects a large household name to announce a bitcoin position before the end of the year.
2️⃣ Ethereum's Make-or-Break Moment?
• Some fear bitcoin’s dominance + ETFs + treasuries make altcoins obsolete, with bitcoin treasury companies potentially taking the role altcoins played in previous cycles.
• But there are some potential drivers of a trend reversal for ETH: stablecoins, institutional interest in tokenized RWAs, staking in ETFs, and regulatory clarity.
• “If the current developments play out as expected, there’s meaningful room for a catch-up,” says FalconX's David Lawant
3️⃣ More Crypto ETFs & IPOs
• Spot ETFs for BTC & ETH already exist and ETFs for more crypto assets are on the way, with features like staking & in-kind redemptions also in the works.
• Circle’s IPO succeeded, and others (Gemini, Kraken, Ripple, Consensys?) could follow soon
• Bloomberg’s James Seyffart: “We will see the vast majority, if not all, of the currently filed ETFs approved by year-end.”
Read the full story over at Investopedia: https://www.investopedia.com/what-to-expect-bitcoin-crypto-markets-second-half-2025-11762236

2025-06-25 00:21:11 UTC

Make yourself a favor and listen to bitcoiners. https://blossom.primal.net/87758847a50368a7bf4687ac77bbfbea24ab2348c4cbe52cc6613a774228839b.png

2025-06-24 16:06:02 UTC

⚡ Wrote up coverage of @nprofile…xncl and Paul Sztorc's debate on Lightning for Protos.
In many ways they appeared to be talking past each other but they ended up finding more common ground around how Lightning will interact with various Bitcoin layers over the long term.
Alex is more excited about how Lightning is already helping scale Bitcoin today, while Paul sees potential issues arising over the long term.
🔑 QUOTES:
“The federated model is just about the worst thing to happen in Bitcoin’s history.” – Sztorc
“I thought Lightning was for end users. I changed my mind.” – Gladstein
Read my full, in-depth thoughts and coverage here: https://protos.com/sztorc-vs-gladstein-can-lightning-scale-bitcoin/

2025-06-22 15:07:25 UTC

What’s the easiest/best way to post on here and X at the same time or just mirror X posts here?

2025-06-21 00:38:44 UTC

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It doesn’t rely on it. Merchants can use their own nodes if they want. This helps bitcoin based consumers have more places to spend either way.

2025-06-20 23:39:55 UTC

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How is more merchants accepting bitcoin not progress?

2025-06-20 22:17:47 UTC

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Coinbase and others cross a line when they conflate stablecoins and fartcoin with bitcoin.

2025-06-19 17:30:49 UTC

Wrote an article for Cointelegraph Magazine regarding the battle between suits and cypherpunks in Bitcoin. Includes comments from @nprofile…lfze, @nprofile…ssca from Bitcoin layer-two network Citrea, and bitcoin-ETF issuer 21Shares.
Read here: https://cointelegraph.com/magazine/is-bitcoin-changing-tradfi-or-other-way-around/

2025-06-19 15:33:25 UTC

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"Crypto" will probably go away, and we'll be left with bitcoin and stablecoins.

2025-06-19 13:52:27 UTC

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Imagine how bad the alternative option must have been for someone to do this.

2025-06-17 13:11:05 UTC

Just noticed that the Wikipedia entry for Dead Internet Theory was updated to refer to it as a "conspiracy theory" in the past year.
Who would be motivated to make such an edit? https://blossom.primal.net/87bc76e787aa90756f2a165e1d4968ba24421434fea248c954c28df43c5ec499.png

2025-01-26 16:03:33 UTC

a combination of novel monetization methods for creators and tokenization of that monetization is how nostr could overcome x's network effect.
by tokenization i mean investment in revenue generated by the content creators, not useless memecoins or nfts.
what sort of progress has been made in these areas?

2024-11-22 16:26:41 UTC

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True, but personal responsibility also comes into play. People could have thought for themselves. The old influencers being wrong about Bitcoin is also part of their demise. It had to be this way.

2023-10-19 00:56:43 UTC

haven't been here much over the past few months. what are the most interesting #nostr apps right now? saw there are some apps trying to mimic reddit.

2023-07-01 19:13:56 UTC

Can’t even read my own tweets https://nostr.build/i/be1b9009603e6c5dbe5dfd7e06ef3d082d3b11b48cee640af2a34d04618744fb.jpg

2023-03-17 13:24:27 UTC

Happy St. Patrick’s Day!
Don’t forget to give an Irish Goodbye to the legacy financial system with #Bitcoin!

2023-03-15 19:10:15 UTC

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It is sometimes difficult to zoom out and realize bitcoin is just one part of a larger set of tools. This is even more prevalent in "crypto" where a blockchain is viewed as the solution for every problem.

2023-03-15 19:03:59 UTC

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unfortunately, things need to get worse first.

2023-03-15 18:58:05 UTC

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Also nostr still doesn't work very well. Notifications and posts simply disappearing for me far too often.

2023-03-15 18:51:11 UTC

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I think nostr will mostly be for those interested in bitcoin and related tech for some time. But that’s ok because I expect this segment of the population to also grow.

2023-03-15 18:44:16 UTC

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still ~90% twitter, but nostr’s share is slowly increasing

2023-03-15 00:21:41 UTC

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There’s no guesswork when it comes to bitcoin’s future success https://nostr.build/i/nostr.build_238da9fb573ad71c9f067dfef5ad2329f243dd6f2f91bcd3153c29df3b743fe9.gif

2023-03-14 23:34:08 UTC

A setting to require people you don’t follow to make a tiny payment via Lightning to reply to your notes will be useful once the reply bots arrive. #nostr

2023-03-14 22:16:10 UTC

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Not sure how I wasn’t already following you here

2023-03-14 21:21:07 UTC

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Could you explain to the folks at home what a Binance cafe is?

2023-03-14 19:38:47 UTC

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It’s hard to tell what’s missing between clients and what notifications are just in different orders. I received a zap the other day, and that now appears to have disappeared from both clients’ notifications.

2023-03-14 17:51:35 UTC

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It seems the list of relays you use are also stored in the relays though? Iris and Damus already have the same exact relays set up for me.

2023-03-13 15:31:33 UTC

other coins unable to keep up with #bitcoin today https://void.cat/d/LCZMga94mUZ1i8v3exvpDH.webp

2023-03-12 15:24:33 UTC

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most people don’t go beyond the “I heard it’s like bitcoin but better and with more features” line when it comes to altcoins. I hear this from normies a lot when they find out I do bitcoin stuff. They aren’t able to answer simple questions about why they bought ETH or whatever other coin though.

2023-03-12 14:24:35 UTC

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It’s a win-win situation

2023-03-12 14:22:56 UTC

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Might also involve a #[1] display bug. Only mentions showing up in the All section of notifications after switching back and forth between All and Mentions.

2023-03-12 14:20:55 UTC

Is it good practice to use the same exact relays on different nostr clients? Some notifications showing up in Iris but not Damus and visa versa.

2023-03-12 00:51:51 UTC

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Quasi-decentralized methods for hedging bitcoin volatility risk could also be helpful here. Some options already available.

2023-03-11 20:34:54 UTC

$USDC goes from below $0.96 to $0.98 after update from Circle https://void.cat/d/78N4YbFZPA3QeuqCPcVP5u.webp

2023-03-11 16:44:51 UTC

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people buying bitcoin and withdrawing instead of waiting for monday. gemini's stablecoin (GUSD) also trading at $0.97 on coinbase.

2023-03-11 16:26:58 UTC

what's the best nostr client for desktop? testing out the options again and enjoying #[0] the most so far

2023-03-11 14:29:01 UTC

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It’s calmed down, but a week or two ago it seemed like everything on my Twitter For You page was a video of someone fighting or dying.

2023-03-11 14:21:05 UTC

“It’s highly unlikely that any of us will be using Bitcoin in five or ten years.” - Circle CEO Jeremy Allaire seven years ago

2023-03-11 03:48:08 UTC

USDC/USDT under $0.95 on Kraken

2023-03-11 01:22:17 UTC

1 $USDC != 1 $USDT https://nostr.build/i/nostr.build_bac2cbe307ed98027fe61200487fade7e25e55e310e2375abd2e95366d812173.jpg

2023-03-10 21:57:53 UTC

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Seems it will be Mastodon compatible instead of Nostr based

2023-03-10 20:40:35 UTC

Many attempts at digital cash failed before #Bitcoin.
Many attempts at a more decentralized/private web have failed before #Nostr.
Please be the one.

2023-03-10 20:14:02 UTC

Nostr killing email would bring me joy.

2023-03-10 20:11:21 UTC

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There are many aspects of Ethereum that scream anti-bitcoin psyop. USDC a central part of that.

2023-03-09 23:06:55 UTC

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This is weird because I’ve noticed the exact opposite

2023-02-23 15:33:47 UTC

In case you missed it, I had a piece about nostr published in Fortune earlier this week
thank you to #[0], #[1], #[2], and #[3] for sharing their thoughts
https://fortune.com/crypto/2023/02/21/bitcoiners-flocking-to-nostr-social-network-jack-dorsey-edward-snowden/

2023-01-20 14:12:28 UTC

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18/f/ca here