@owenkemeys
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Recent Notes
Listen up. It is ridiculous that the default custody relationship for newbies is still a trusted 3rd party (who they don't even really know - it's just a faceless corporation).
We should absolutely have solved this ages ago so that the default choice is trustless, robust, user friendly and ON CHAIN (& LN).
Bitcoin is a world where every user can be assumed to have a pocket supercomputer.
We have universal and free access to beyond bank vault level security. Plus timelocks, plus multisig, plus hidden alternate spend paths. When done properly it's more secure than their fiat balance.
Yes key based security is new to most and the unfamiliar is scary. Yes, great companies and products have emerged to address this with hardware and software and services. But, it's almost 2025 and the default position on self custody is still FEAR.
We've fucked up.
We should absolutely have solved this ages ago so that the default choice is trustless, robust, user friendly and ON CHAIN (& LN).
Bitcoin is a world where every user can be assumed to have a pocket supercomputer.
We have universal and free access to beyond bank vault level security. Plus timelocks, plus multisig, plus hidden alternate spend paths. When done properly it's more secure than their fiat balance.
Yes key based security is new to most and the unfamiliar is scary. Yes, great companies and products have emerged to address this with hardware and software and services. But, it's almost 2025 and the default position on self custody is still FEAR.
We've fucked up.
Please explain how covenants help solve scalability. I’m wondering how these proposals address the uncertainty of fees.
It seems to me that restricting payments to a particular address assumes tha...
Think from the other direction: covenants are useful not just to restrict your own spending, but mainly because you can prove to a counterparty that you cannot spend it any other way. This removes a layer of trust, that currently we can only solve with multisigs, but with that comes a bunch of interactivity requirements.
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Good analysis, with points I hadn't thought of.
https://www.zherbert.com/bitkey/
The direction doesn't seem very @jack?
What happens when Block gets hacked and all their users KYC, IPs, AND complete on-chain history gets leaked? Subpoenad?
When users with compromised phones blindsign an evil TX, will you repay them, or...?
I get the tradeoffs you’re trying to make, but it seems to be setting people up for trouble? Surely a better UX gently introducing them to address validation etc is better? If not, isn’t this closer to the legacy system than Bitcoin’s ethos?
https://www.zherbert.com/bitkey/
The direction doesn't seem very @jack?
What happens when Block gets hacked and all their users KYC, IPs, AND complete on-chain history gets leaked? Subpoenad?
When users with compromised phones blindsign an evil TX, will you repay them, or...?
I get the tradeoffs you’re trying to make, but it seems to be setting people up for trouble? Surely a better UX gently introducing them to address validation etc is better? If not, isn’t this closer to the legacy system than Bitcoin’s ethos?
So bored of people unable to imagine a world without masters. It already exists! It’s here! Come and use it!
https://twitter.com/bretweinstein/status/1652781562998542341
https://twitter.com/bretweinstein/status/1652781562998542341
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You can get there by piecing together the fragments.
Start at the bottom layer: cells are intelligent actors that communicate and cooperate toward higher order goals - biologist Michael Levin, eg http...
From the other direction, spiritual folks have had the concept of the soul since forever, but it’s obviously hard to put into scientific terms. However-
1. On that Lex podcast above, Levin describes a feature of death that seems to make no evolutionary sense - beings will give up and die when their situation seems hopeless, but in identical situations when they still have hope, it demonstrates they have plenty of energy to fight (example experiment with rats trapped in water, some taught that if they hold on long enough they get rescued). Why ever have ANY instinct to give up if the goal is to perpetuate your genes, surely any cost is worth paying? That does sound a lot like a video game player resetting the game, though…
2. Excellent book by a full skeptic neuroscientist who investigates spirituality/psychic phenomena/pseudoscience mumbo jumbo, and is ultimately brought to accept the evidence suggests the physical plane is not all there is: https://www.goodreads.com/book/show/58977909-proof-of-spiritual-phenomena
Could add much more but I’ll leave it there for now
1. On that Lex podcast above, Levin describes a feature of death that seems to make no evolutionary sense - beings will give up and die when their situation seems hopeless, but in identical situations when they still have hope, it demonstrates they have plenty of energy to fight (example experiment with rats trapped in water, some taught that if they hold on long enough they get rescued). Why ever have ANY instinct to give up if the goal is to perpetuate your genes, surely any cost is worth paying? That does sound a lot like a video game player resetting the game, though…
2. Excellent book by a full skeptic neuroscientist who investigates spirituality/psychic phenomena/pseudoscience mumbo jumbo, and is ultimately brought to accept the evidence suggests the physical plane is not all there is: https://www.goodreads.com/book/show/58977909-proof-of-spiritual-phenomena
Could add much more but I’ll leave it there for now
You seem to be very certain about something nobody is certain about. I can’t have a coherent discussion with such arguments.
You can get there by piecing together the fragments.
Start at the bottom layer: cells are intelligent actors that communicate and cooperate toward higher order goals - biologist Michael Levin, eg https://lexfridman.com/michael-levin/ but any video or pod he’s on will work.
Start at the bottom layer: cells are intelligent actors that communicate and cooperate toward higher order goals - biologist Michael Levin, eg https://lexfridman.com/michael-levin/ but any video or pod he’s on will work.
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Once you can simulate your own reality, you can simulate others too. In essence, you could create your own matrix and live within it.
It’s possible that in such a future we no longer require a...
This totally misses the wood for the trees!
Either: your consciousness/personality is an emergent phenomenon resulting from the community of cells that make up your body - think like how countries can have a character, or toxic bitcoin maximalists - in which case without the cells there is nothing.
Or: consciousness is something originating outside the body and maybe 3D space itself, you might use the term “soul”, in which case they voluntarily elect to constrain themselves inside physical bodies for some purpose - some say just to experience the universe, or experience struggle and hardship, perhaps to provide more meaningful existence.
Notice how in bitcoin we voluntarily constrain ourselves down from the huge scope of the Wild West internet, into this very limited system, because it gives our interactions more significance, so much so that we can use it as money, the foundation layer of society…
Either: your consciousness/personality is an emergent phenomenon resulting from the community of cells that make up your body - think like how countries can have a character, or toxic bitcoin maximalists - in which case without the cells there is nothing.
Or: consciousness is something originating outside the body and maybe 3D space itself, you might use the term “soul”, in which case they voluntarily elect to constrain themselves inside physical bodies for some purpose - some say just to experience the universe, or experience struggle and hardship, perhaps to provide more meaningful existence.
Notice how in bitcoin we voluntarily constrain ourselves down from the huge scope of the Wild West internet, into this very limited system, because it gives our interactions more significance, so much so that we can use it as money, the foundation layer of society…
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Best web-based front end for my lightning node?
Tried Thunderhub and Ride the Lightning, way too nerdy, need something way closer to the mobile wallet experiences. QR codes, attention to UX etc.
Tried Thunderhub and Ride the Lightning, way too nerdy, need something way closer to the mobile wallet experiences. QR codes, attention to UX etc.
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GM 🧡⚡
This looks pretty promising! HT #[0]
https://github.com/supertestnet/superstore
That’s really cool!
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I never really got Cashu or Fedimint.
After a long call with Jeremy Hill and Jonathan Wilkins during our catchup call (I invested in their startup), they explained how they were going to be using Cas...
Cos it’s still custodial, just much less bad type of custodial. You’re not transacting sats, but sats IOUs.
Conceptually just like fiat started out, which worked ok until the rugpulls.
That said, the people working on bitcoin ecash are smart, realistic, know its weaknesses and are working to mitigate them.
I think Calle had an idea for provable reserves, which would eliminate the creeping fractional reserve risk.
Conceptually just like fiat started out, which worked ok until the rugpulls.
That said, the people working on bitcoin ecash are smart, realistic, know its weaknesses and are working to mitigate them.
I think Calle had an idea for provable reserves, which would eliminate the creeping fractional reserve risk.
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