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nithusezni profile picture
nithusezni
@nithu

Bitcoiner
Orange Pill Investor
Founding member MSTR True North

nprofile1qqs9knyr754e5ezssfjknnnppzna30d4fe6zu47rewq9h0h3t4522mgpzfmhxue69uhhqatjwpkx2urpvuhx2ucpp4mhxue69uhkummn9ekx7mqj3t6wcnpub
[email protected]lnurl
Relays (8)
  • wss://relay.primal.net – read & write
  • wss://relay.damus.io – read & write
  • wss://relay.nostr.band – read & write
  • wss://relay.current.fyi – read & write
  • wss://purplepag.es – read & write
  • wss://nos.lol – read & write
  • wss://offchain.pub – read & write
  • wss://nostr.bitcoiner.social – read & write

Recent Notes

nithusezni profile picture
If you can get away with giving your wife antibiotics without her knowledge for a disease you gave her without her knowledge then the next logical step is wondering if you can do that to the whole world.



nithusezni profile picture
This is a must watch regarding how changes on the base layer undermine development on layer 2.

Also for BIP-110 and spam. The soft fork is working as intended as a test for how an intolerant minority can resist a tyranny of the majority, and the time has come for Bitcoin to demonstrate resliience once again.

walker @walker · 1w
New ep of nostr:npub10qrssqjsydd38j8mv7h27dq0ynpns3djgu88mhr7cr2qcqrgyezspkxqj8 with nostr:npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42 just dropped. We discuss: - the biggest threat to bitcoin - is bip110 a good idea? - bitcoin core / knots - store of value Show more
nithusezni profile picture
The "fees are the filter" argument for regulating spam only works when the fee is charged by the party providing the service to the party receiving the service.

That's how consensual transactions work.

It would be the spammer paying the node runner to store his arbitrary data.

What we have is a third party paying a fee to a miner at the expense of the node runner who is on the hook to store the data, for free, FOREVER.

That's parasitism. Rent-seeking.

This is an example of Bastiat's That Which is Seen, and That Which is Not Seen.

In the broken window fallacy a broken window is viewed as good because it stimulates economy by providing work for the window maker. The more windows you break the greater the benefit in stimulus.

But what is unseen is the damage done to the property owner's disposable income, such as a new pair of shoes that he can no longer afford. He has been deprived of the benefit of his wages, and furthermore, so has the shoemaker been deprived of employment.

Spam is a broken window.

The spammer enriches himself, and shares a portion with the miner. The sender of the financial transaction gets stuck with higher fees, and the node runner gets stuck storing the images at his risk and own expense for the benefit of the son of a bitch that broke his window.

Elon’s Link Reaper Bot · 3w
Nitter Mirror link(s) 🔗 XCancel: https://xcancel.com/i/status/2014772382066421776 🔗 Poast: https://nitter.poast.org/i/status/2014772382066421776 🔗 Nitter: https://nitter.net/i/status/2014772382066421776
nithusezni profile picture
I love that @Matthew Kratter is adopting a total war strategy with respect to Bitcoin Core.

It gives me hope that Bitcoin will emerge from the spam wars healed and stronger than ever.

https://youtu.be/TSbxVYnfSCY?

nithusezni · 5w
Damn, we got bots up in here, too? 😭 when I realize the one with 12 followers followed me and slid in my DMs. https://blossom.primal.net/24fa9b2a20f0abd263b244595bb5045cf0b5b75b4345524849bbbdd2933dc048.png