Damus
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⌜Jan⌝ profile picture
⌜Jan⌝
@⌜Jan⌝

Trail running, hockey, tech. 🇨🇦 🤙.

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Relays (9)
  • wss://feeds.nostr.band/meme – read & write
  • wss://relay.nostr.bg/ – read & write
  • ws://janubuntu.local:4848/ – read & write
  • wss://eden.nostr.land/ – read & write
  • wss://relay.snort.social/ – read & write
  • wss://relay.damus.io/ – read & write
  • wss://nostr.oxtr.dev/ – read & write
  • wss://relay.nostr.band/ – read & write
  • wss://relay.stoner.com/ – read & write

Recent Notes

Marc · 39w
I think the risk is about the same, give or take. Quantum computing is breaking double digit numbers. 256 bit Bitcoin keys are like 96 digits. 128 bit are smaller, but we're a long way away from the quantum threat unless there is a monumental breakthrough.
⌜Jan⌝ profile picture
It might make sense just to get some gold in case it catches on.
If enough people think the same way, that becomes a self fulfilling prophecy.

Once it gets bootstrapped, there are so many applications if you could effortlessly pay with shiny bars as easily as dropping coins in a vending machine.

Thomas · 51w
not our keys, not our business https://bitkey.build/not-our-keys-not-our-business/?ref=bitkey-newsletter
 ⌜Jan⌝ profile picture
⌜Jan⌝ @⌜Jan⌝
What happens in the event of a hard fork? Does a Bitkey user have the ability to access both forked versions of the blockchain? I ask because my understanding is the keys are encrypted (one in the iOS app, one in the cloud, and one with Bitkey) and you can't actually see the keys - the Bitkey software/hardware device combo just decrypts them for transacting. If that is the case, unless the Bitkey app allows the users to access both chains in the Bitkey app interface, they can't access them. Is that correct?
satsie 🇹🇭 🇱🇹 · 52w
lol yes
Hazey · 52w
Gold can't be a medium of exchange. If bitcoin doesn't eventually graduate to that, then it will also have failed.
 ⌜Jan⌝ profile picture
⌜Jan⌝ @⌜Jan⌝
No asset will be a medium of exchange if you get taxed on it (the capital gain on increased value) when you spend it. Bitcoiners should give up on that. It’s a place to store wealth. Period.

Governments put a walled garden around their currencies using tax laws, otherwise nobody would hold their domestic currencies. Governments know if they removed the tax implications, the flood to abandon their currency would be swift (pun intended).

Hazey · 52w
Gold can't be a medium of exchange. If bitcoin doesn't eventually graduate to that, then it will also have failed.
Hazey · 52w
Yes. I love gold, but it failed as money.