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nicodemus profile picture
nicodemus
@nicodemus

Not important.

Relays (16)
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  • wss://nostr.land – read & write

Recent Notes

verita84 · 1d
Flock cameras are racist!
ShiShi21m · 1d
First of all, it's not about what I believe. It's about what communities of people will believe, & not even you believe that having cameras isn't a deterrent. There's independent research to show it's efficacy, as well as anecdotal evidence that flock wouldn't have independently operated police b...
note1wtwg5...
nicodemus profile picture
I hear you. But that's not what people think of when they read "alternative to flock".

You're asking a bigger question. One that flock doesn't even really address any better than a neighborhood watch does. The data flock gives is extremely cherry-picked and manipulated. Consider the scale of their rollout. If it was really effective at all, you'd be seeing crime dropping throughout all participating jurisdictions. But we don't.. I haven't seen one ounce of data that starts to suggest any kind of efficacy.

So, you see, flock is a farce. It is surveillance masked as crime prevention. It's up there with "for the children".

So there is no viable alternative. It was never about crime.
Brunswick · 3d
The miner pools and the miners are not the same thing. The pools are far easier to capture, coordinate and centralize than the hashpower itself.
nicodemus profile picture
Yes. And lose all hashrate just as fast as miners go elsewhere. You make it sound like they're stuck on that pool.

The moment a pool is captured it becomes a threat of multiple kinds, to all parties involved. Game theory / incentives kick in even harder, then.

The flip side is real, too. Pools enable distributed coordination. This cuts both ways and, I believe, will balance itself out.
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Brunswick · 3d
They are stuck on the most profitable pools. If the pools conapire, the majority of the hashpower is captured. This isn't rocket science, guy.
ShiShi21m · 3d
Satoshi himself predicted that the outcome is massive miners competing with each other globally. Idk what you guys are all on about, within the pools there's so many entities from all over the world....
nicodemus profile picture
Exactly. And one can see how easily those miners in the pool redistributed when China had it's last big ban, and miners fled the country.

When you zoom out, I see mining becoming more and more decentralized, not centralized. Home mining was barely a thing in the last cycle. Now it is not just reachable but its getting to a point where any consumer can just plug it in and walk away,

If people were that worried about mining, they'd push for DATUM, home mining, and simplification of nodes (more appliances).

All of this rhetoric is just rationalizing their drama.
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Brunswick · 3d
The miner pools and the miners are not the same thing. The pools are far easier to capture, coordinate and centralize than the hashpower itself.
Handled · 1w
Jeftovic: The "Bitcoin Only" Era Is Over... https://www.zerohedge.com/crypto/jeftovic-bitcoin-only-era-over
nicodemus profile picture
Written by someone who is still unwilling to take accountability for their own custody.

The coldcard catastrophe is all on coinkite. But the accountability of each and every person's coin is on them and no one else. Thats me and you.

People can and should be pissed at coinkite. But they should also be pissed at their own ignorance.

Bitcoin is brutal to own. That's my biggest takeaway. As much care as I've put in, I need to put in even more.

We don't get to own the most pristine bearer instrument ever created by man without the responsibility that comes with it.
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nicodemus · 1w
I should add that I've never been more petrified for all bitcoiners. The above comment is not stated out of arrogance, but reality. It's scary as hell, and I imagine we will see a lot of divestment.
freeborn | ἐλεύθερος | 8r0gwg · 1w
It suddenly comes home to me just how massive an economic revolt would have to be to move the needle. All the workers would have to strike unless or until paid in bitcoin. We would have to stand up, e...
nicodemus profile picture
Awesome observation.

The masses are only reactive, too. Consider, instead, the scale of the catalyst. We are talking worse than COVID lockdowns.

I'm thinking something along the lines of massive bail-ins or CBDCs evaporating two weeks or a month of people's wages as "punishment" for something like disagreeing, socially, with a government policy.

The alternative is a slow creep until competition kicks in at a national level for people's time and effort (assuming people can still move around somewhat freely).

Or another alternative is that there is no revolution. Bitcoin adoption only goes so far. And so citadels become much more of a thing. - a concentration of wealth.

"We are still early" cuts both ways.

I do think bitcoin usage for international trade is inevitable. Simple war will make that happen. - it's already started.
Matt - Not Your Entropy, Not Your Coins · 1w
Which other products do what Bitkey does with those changes?