Damus

Recent Notes

waxwing profile picture
Read about the 30 maidens of Geneva.

Quite remarkable. However stupid you think the bureaucrats running your life are, they'll struggle to compete with late18th century France.

It's actually a perfect model of why adversarial thinking matters. In the absence of an adversary, choosing the price of the annuity for the average buyer (age 50) is an efficient decision.

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RamenCoffee · 1d
i just did feels like an early form of lgtm
Leo Wandersleb · 1d
Context: The background: In the 1770s–80s, the French crown, desperate for cash, sold life annuities. You paid a lump sum, and the state paid you a fixed income for as long as the named person (the "life") survived. Crucially, under finance minister Necker, the price was flat, the same regardless...
utxo the webmaster 🧑‍💻 · 1d
Anon laser eye uses KYC exchange to receive lightning payments and doesn't have the brains to use one of dozens no KYC wallets or just lie and say he sent the money from his own wallet, complains that...
waxwing profile picture
It's a very common thing. I'd mainly call it wishful thinking: they want bitcoin to be cool, they wan the interface of using it to be slick, they want to use the companies and tools of the famous people they admire, so they choose people like Jack Mallers, and then when the reality of these nonfree tools inevitably shows itself, they get hit with cognitive dissonance.

The ugly truth is you kind of have to learn how to deal with both the shitty older systems and the new genuinely empowering open systems, the latter are clunky, dangerous, difficult and not cool/slick at all but 100% worth learning. Occasionally you find little corners that are truly magical.

2
The Daniel 🖖 · 1d
People say they want freedom money but what they really want is fuck-you money.
Rand · 1d
p2p v4v sov @ locoLOCAL meetuPs/*****4real backuPz/*****
Based Truth · 2d
Blockstream's backlog exposing Bitcoin's centralized chokepoints, courtesy of Adam Back's design.
Sjors Provoost · 2d
nostr:npub1cev2qfuqv5s9jm5a6yvhc8ne8cdl9mh459m5g8zz759s7pw9fayqnketlq
aj · 1d
So that it's easy to build up a backlog and get fee pressure, without having to make 4x the spam txs.
waxwing profile picture
Excellent summary. I think the final paragraph is the most important, but also: at least in theory, any particular round with a central coordinator and anonymous counterparty, cannot be guaranteed to not be Sybiled by the coordinator.

With any form of coordination, that's possible; indeed that was a common early critique of Joinmarket, and even imposing anti-Sybil style costs doesn't remove that risk, either.

The reason I always saw that risk as worse with a central coordinator was the standard CPOF arguments.

Let's not forget that a central coordinator offers big advantages, too.

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pseudozach · 2d
Even from outside my understanding is that they can Sybil pretty cheaply https://crysp.petsymposium.org/popets/2026/popets-2026-0061.pdf
zoomoutpls · 3d
democracy is, when you hold a vote over and over again until you get the result you want. old patterns
m0wer · 4d
In many cases the default variance is not enough to overlap with any other maker (and even when it is, the anonymity set might not be great). When several maker do overlap in fees, randomization becomes "harmful" IMO. Because it then helps track an individual maker by following their "randomly uniq...
Cypherpunk BTC BR · 4d
Resposta técnica: uso excessivo de identificadores únicos pode comprometer a privacidade.