Hey Jeff,

So I’ve been thinking about this for a while… not Orange Juice specifically but instead the paradigm shift for what a successful business might look like on a Bitcoin standard.

More specifically the idea that if the goods/services a company offers are paid for in a money that is not melting then value and quality return.

If the money we exchange holds or gains in purchasing power year on year then planned obsolescence of goods becomes economically unnecessary for a company to stay in business. Heralding in the return of products that are guaranteed to last a lifetime and the economical feasibility of offering excellent and ongoing after sales service.

More specifically, I’m looking forward to Orange Juice starting or buying a company that produce a washing machine designed to last for 50years. We’ve had the capability to do this for more than 100years. My Great Grandmother used the same washing machine that she bought as a newly wed (in her twenties) until the day she died at 99years of age. It was one of those ones with the manual rollers on top that used to squeeze the water out of the clothes.

I’m sure I’m not telling you anything you haven’t already been thinking about. I’m excited for the renaissance of quality.

“Assumptions make an ASS out of U and ME? “ Is that the moral? 😁

Yes, that is now my understanding so the 12 words finally make sense. Thanks for helping.

Does this hold true under quantum? Yes, I understand the FUD that quantum computing currently is however let’s suspend that reality for a moment…

Say we wake up tmw and quantum computing has been solved. You’ve got a 128bit seed and I’ve got a 256bit seed… is one of us in an urgent rush to upgrade their set up and the other calmly going about their day? Or are both of us in the same predicament because of SHA-256 real collision security?

I’ve been a 12 word proponent until now, based on a ‘trust me bro’ understanding. … maybe it is my lack of understanding in the difference between 258bit entropy and SHA-256 real collision security. I’ll look into it. 👍

These are people that have tried and have created their own entropy using dice, pills or cards.

Maybe they don’t understand that when they sit as a ‘panel of experts’ in front of an audience… the 12 years of indoctrination most of us have been subjected to, teaches us to outsource our trust and thinking to them.

Maybe they don’t understand that 24words is orders of magnitude greater than 12words. As I’m also sick of hearing there is practically no benefit in 24words over 12words and 12words is ‘good enough’. This maybe true in a multisig as an attacker needs 24words (2 x 12) but in a single sig 24words is quantum resistant and 12words is not.

12 words plus quantum is theorised to make the 128bit entropy as hackable 64bit entropy is now. Difficult but not impossible.

Apologies for the rant, feeling a bit frustrated over the shared opinions from last night… which if followed lands noobs straight back in the “don’t verify, trust” paradigm. Screw that! How’s that working out for the world?

So impressed that I was right about you. Highest signal I’ve heard this year. Great move. When you refuse to lie to yourself you create the only true freedom.

Hey Michael, you did reply, twice.

Yeah, Pete is great however, as would be expected from his chosen career, everything I’ve heard him say feels strongly based in his fiat paradigm.

Not a criticism… it’s extremely hard to extract oneself from our existing paradigms… particularly those paradigms shared by the people around us.

It’s going to be awesome weather in Palm Cove this weekend. Sunny and 26 degrees. Are you heading up for the bush bash?

Hi, apologies if this question is asinine but can you please explain the decline in supply from Epoch 0 to Epoch 1 and what exactly is Epoch 0?

If I’m interpreting correctly you are suggesting a 2.41M pre-mine?
Or are you referring to ‘available supply’ not total supply?