Damus
Open in Damus
theGig profile picture
theGig
@theGig

Modeling and Simulation Research, Freedom Money #Bitcoin

npub1ysxnqpymj6tq9cvqc6xfsughar0vkynxtyxqjaud5e5hq88cvf2qehzld9npub
[email protected]nip05
[email protected]lnurl
Relays (8)
  • wss://nostr.wine/ – read & write
  • wss://nostr.mom/ – read & write
  • wss://relay.damus.io/ – read & write
  • wss://relay.primal.net/ – read & write
  • wss://nostr.oxtr.dev/ – read & write
  • wss://relay.snort.social/ – read & write
  • wss://bitstack.app/ – read & write
  • wss://relay.757btc.org/ – read & write

Recent Notes

S!ayer · 6d
What happened in 2017 when bch split from BTC or Bitcoin ABC, didn't they get their coins replicated in the new chain i.e. 50 BTC = 50 BCH? I'm not familiar with it, but basically if this split happe...
 theGig profile picture
theGig @theGig
Bch price didn't just start, it took a little time for exchanges to find the price based on market offers and orders. For that to happen they had to specify a token on the exchanges that everyone agreed on. Futures markets help to understand prices before that point. Liquidity is just the amount people are willing to sell and buy at a particular price. Getting rich is not so simple i n the moment.

At a chainsplit, the capital and market value for the two tokens likely would be equal to the prior tokens value before the chain split. If the market is split on both coins meaning half the market thinks the new token is bitcoin and the other half think the old token is bitcoin then one could sell the other token for a meaningful amount but you risk selling the token that will become the Bitcoin that the market decides is the correct fork in the end. If the market is not split 50/50 then one token will have value and the other token will not. The weaker token would have very few buyers and to sell it you would have to sell it to those few buyers at a very low price.
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S!ayer · 6d
sigh. You are. I'm not talking about farts in jars. You have two chains. One has a price, and the other is a *new* fork that *gives you the same balance on the new chain as it were at the time of t...
 theGig profile picture
theGig @theGig
If a chainsplit happens and persists the price of the original token would likely split between the two takens, not by any protocol rule but because of the free market. The capital is splitting between the two. So in a sense you aren't getting a free air drop, the total value of both chain will probably equal the total value of the original. There is still a lot we don't know about how the market reacts so for now a lot of this is just hypothetical.
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S!ayer · 6d
What happened in 2017 when bch split from BTC or Bitcoin ABC, didn't they get their coins replicated in the new chain i.e. 50 BTC = 50 BCH? I'm not familiar with it, but basically if this split happens I'll get additional tokens on the new chain equal to the existing chain being replicated? I get...
S!ayer · 1w
Where does the second chain's liquidity come from? How is money created out of thin air?
theGig profile picture
The open namespace project running into the name searching problem is exactly what was tackled with the self sovereign identity community, which TBD developed a lot for, why not use that. I think you will find the problem results in web of trust types of solutions which ends up being a more distributed DNS. Multiple peoe can prove they own a domain, your community then decides to trust one version of that namespace over the other. This is also an issue with Nostr where you can have multiple accounts with moneyball name, but you trust the nip05 that is associated with the DNS your community accepts.

https://fountain.fm/episode/pklpxgcM8MjlhVIQGjpz

Fountain Boost Bot @fountainboostbot · 1w
Clay Seal · 1w
Yup uninstalling and reinstalling Radar fixed it. It was not wanting to accept my backup phrase before
Greeny · 1w
Hired a simply Nostr camera 📸 operator 💪💪
Greeny · 1w
🎯💯
Greeny · 2w
👀
Greeny · 2w
Yessss And it was brewed there at that place. It was their Mexican lager
theGig · 2w
Apparently first mined stratum v2 block, more decentralized mining in the future! https://mempool.757btc.org/block/955318?showDetails=true&view=actual#details
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theGig @theGig
"GoMining announced it mined a Bitcoin block with DMND mining pool using Stratum V2’s Job Declaration, allowing the miner, rather than the pool, to build the block template and prioritize GoBTC Pay transactions. The company said the demonstration highlights miner-controlled block construction and Stratum V2 adoption."
theGig · 2w
"GoMining announced it mined a Bitcoin block with DMND mining pool using Stratum V2’s Job Declaration, allowing the miner, rather than the pool, to build the block template and prioritize GoBTC Pay transactions. The company said the demonstration highlights miner-controlled block construction and ...