@ e83b66a8:b0526c2b

I watched Tucker Carlson interview Roger Ver last night.

I know we have our differences with Roger, and he has some less than pleasant personality traits, but he is facing 109 years in jail for tax evasion. While the charges may be technically correct, he should be able to pay the taxes and a fine and walk free. Even if we accept he did wrong, a minor prison term such as 6 months to 2 years would be appropriate in this case.

We all know the severe penalty is an over reach by US authorities looking to make the whole crypto community scared about using any form of crypto as money.

The US and many governments know they have lost the battle of Bitcoin as a hard asset, but this happened as a result of the Nash equilibrium, whereby you are forced to play a game that doesn’t benefit you, because not playing that game disadvantages you further. I.e. Governments loose control of the asset, but that asset is able to shore up their balance sheet and prevent your economy from failing (potentially).

The war against Bitcoin (and other cryptos) as a currency, whereby you can use your Bitcoin to buy anything anywhere from a pint of milk in the local shop, to a house or car and everything in-between is a distant goal and one that is happening slowly. But it is happening and these are the new battle lines.

Part of that battle is self custody, part is tax and part are the money transmitting laws.

Roger’s case is also being used as a weapon of fear.

I don’t hate Roger, the problem I have with Bitcoin cash is that you cannot run a full node from your home and if you can’t do this, it is left to large corporations to run the blockchain. Large corporations are much easier to control and coerce than thousands, perhaps millions of individuals. Just as China banned Bitcoin mining, so in this scenario it would be possible for governments to ban full nodes and enforce that ban by shutting down companies that attempted to do so.

Also, if a currency like Bitcoin cash scaled to Visa size, then Bitcoin Cash the company would become the new Visa / Mastercard and only the technology would change. However, even Visa and Mastercard don’t keep transaction logs for years, that would require enormous amount of storage and have little benefit. Nobody needs a global ledger that keeps a record of every coffee purchased in every coffee shop since the beginning of blockchain time.

This is why Bitcoin with a layer 2 payment system like Lightning is a better proposition than large blockchain cryptos. Once a payment channel is closed, the transactions are forgotten in the same way Visa and Mastercard only keep a transaction history for 1 or 2 years.

This continues to allow the freedom for anybody, anywhere to verify the money they hold and the transactions they perform along with everybody else. We have consensus by verification.

@ 5d4b6c8d:8a1c1ee3

Other than @grayruby potentially getting eliminated, there's not a lot at stake tonight.

However, considering we all have the Thunder remaining, a Mavs upset would be pretty impactful.

originally posted at https://stacker.news/items/804061

@ 468f729d:5ab4fd5e

@ e968e50b:db2a803a

The increasingly inaccurately named weekly crossword puzzle is up! The results are in[^1], and this week's theme is Christmas!

This is an easy one and themed off of a famous holiday (at least in the Western world, sorry international folks, lemme know if there's a theme you'd like to see). Share it with your friends who like newspaper puzzles and hopefully they'll stumble into some bitcoin stuff.[^2]

week 9 puzzle

week 9 puzzle

I made a more normie-friendly url for you to orange pill people with: https://christmascrossword.vercel.app/

Last week's puzzle: https://stackernewscrosswordpuzzle8.vercel.app/

Shout out to @dagny761, who proofreads all of these and was pissed for not getting credit in my little pole yesterday...

[^1]: Technically, there are four hours left, but Christmas is WAY ahead of every other theme, so I'll just eat crow if it loses. [^2]: I feel as if the orange-pilly nature of this endeavor justifies sharing it in the bitcoin territory. Downzap as you see fit, grinches!

originally posted at https://stacker.news/items/803584

@ 000002de:c05780a7

I think most stackers probably use a password manager of some sort. If you reuse the same password or a few passwords everywhere stop reading this and go sign up for a free Bitwarden account.

But how many people in your family and social circle still just have terrible password practices? Use terrible pin codes? Leave their phone laying around unlocked? Security is a sliding scale but I doubt my experience with this is unique. Most people I know would be VERY easy to hack.

The numbers reported online about password manager usage is higher than I would think at 36% of US adults. I suspect this is off on the high side. But with hacks every day and data breaches you would think more people would figure it out. Password management is so easy now. You can download a free open source password manager that is encrypted at rest and in transit. You can even self host it. You can keep it offline if you like. There are so many good options now.

What's my point? Do we really think the masses are ready for bitcoin? Do we really think they are ready to self custody? I don't. Am I wrong?

I'm not saying they will never be ready but as I have thought for a long time bitcoin is generational. Not just on the wealth side of things but also on the adoption side. What do you think?

originally posted at https://stacker.news/items/803522

@ 6f170f27:711e26dd

In my laymen understanding of common law it should be possible for the jury in the murder trial against the murderer of the United Health CEO to be acquitted of the charges if the jury finds him not guilty. From Wikipedia:

In the United States, jury nullification occurs when a jury in a criminal case reaches a verdict contrary to the weight of evidence, sometimes because of a disagreement with the relevant law.[1] It has its origins in colonial America under British law. The American jury draws its power of nullification from its right to render a general verdict in criminal trials, the inability of criminal courts to direct a verdict no matter how strong the evidence, the Fifth Amendment's Double Jeopardy Clause, which prohibits the appeal of an acquittal,[2] and the fact that jurors cannot be punished for the verdict they return.[3]

https://en.wikipedia.org/wiki/Jury_nullification

https://en.wikipedia.org/wiki/Jury_nullification_in_the_United_States

It does seem tho that the selection of the jury in the state of New York is heavily controlled to select individuals that want to vote according to the law instead of emotional sense of justice. Here is a viral tweet about pretending one does not even know what Jury nullification is:

Hello New York: the first rule of jury nullification is: you do not talk about it. You have never heard of that. You DO NOT talk about it. The second rule is, no matter WHAT a judge says: it is YOUR decision that is BINDING. If you say not guilty, that's the ballgame

https://x.com/LolOverruled/status/1866181597562593539

One could argue here if that's right or wrong. On one hand, taking jurors that actually believe in the law seems like a common sense basic fundamental. On the other hand taking any bias in is against the the underlying democratic values why jury trials even exist.

One could even go that far and say vox populi vox dei is the reason why jury trials exist, it was created to weigh a sense of justice over laws written on paper. Which is crazy because it would imply the British wanted to legalize a murder if it's very popular - crazy, not my words, just a possible extreme interpretation of the underlying values in common law.

With that said, here are my wild guess predictions what will happen

1. Murder acquitted. The healthcare system is very hated in the US by both the right and the left for different reasons. You can see this by the insane ratios of United Health Facebook post: it seems like out of millions of views there were only a two digit number of people having sympathy with the victims family. This is less than one would expect missclicks. Very hard to find an un-emotional jury here.
2. Pay of CEOs in all fortune500 companies but especially in healthcare sector dramatically increase over the next 5 years. This is the opposite of what the populous out there wants. These economics are always a function of risk and reward. Any risk to physical life and liberty increases pay. Acquitted basically means that there is some percentage chance that murdering a CEO can be legal if it's particularly popular... or at least that's it will be the talking point used to justify pay raises.

Please tell me in the comments if this is possible, if there is a flaw in my logic here or if would see point (2) coming here too

originally posted at https://stacker.news/items/803206

@ 2063cd79:57bd1320

Wir sprechen oft über Bitcoin im Zusammenhang mit Geld oder Währungen. Bitcoin funktioniert als Zahlungsmittel, als Wertspeicher und als Recheneinheit - doch macht das Bitcoin zu Geld? Also, was ist Geld überhaupt und was macht ein Gut erst zu Geld? Und warum gibt es gutes Geld und weniger gutes Geld? Es gibt viele Arten von Geld, Warengeld, Notenbankgeld, Fiatgeld, usw. Doch wollen wir uns erstmal ganz von Anfang an mit der Funktionen und den Eigenschaften von Geld im Allgemeinen beschäftigen.

---

Was ist Geld?

Ohne auf die Geschichte von Geld zum drölftausendsten Mal einzugehen (dazu kann man so ziemliches jedes Buch über Geld, Bitcoin, Ökonomie, etc. bis Seite 75 lesen und bekommt ganz genau die gleichen Infos), ist es sinnvoll sich kurz zu klarzumachen, dass niemand bestimmt oder definiert, was Geld ist. Geld kann im Endeffekt alles sein. Jeder, der Kindern schon mal beim Spielen zugesehen hat, wird erlebt haben, wie kurzerhand aus Steinen, Stöcken, DUPLO-Steinen oder eigentlich allem, was man in der Reichweite von Kindern so findet, plötzlich Geld wird. Denn ohne es zu wissen, verstehen Kinder sehr intuitiv, wie Geld funktioniert.

Geld ist Sprache. Geld ist wahrscheinlich sogar eine Sprache, die sich vor unserer modernen kommunikativen Sprache entwickelt hat. Selbst vor Urzeiten, als verschiedene Völker und Stämme auf den verschiedensten Winkeln der Erde herum zogen und sich somit erstmal verteilten und dann wieder vermischten, entwickelten sie unterschiedliche Arten der Kommunikation. Die eine gemeinsame Sprache jedoch, war die des Handels.

Kurzes Szenario: Homo Sapiens 1 hat einen Sack voller selbstgeschnitzter Pfeilspitzen in der Hand und betritt eine Lichtung, auf der Homo Sapiens 2 gerade eine Antilope grillt. Homo Sapiens 1: Uhhhhhhhhhhhhhh (zeigt auf die Antilope). Homo Sapiens 2: Ahhhhhhhhhhhh (wehrt mit den Händen wedelnd ab und springt in verteidigender Haltung auf). Homo Sapiens 1: Uhhhhhhhhhhhhhhhh (öffnet seinen Sack mit den Pfeilspitzen und legt 10 davon so hin, dass Homo Sapiens 2 versteht, dass HS1 diese zum Tausch anbietet). Homo Sapiens 2: Haaaaaaaaaaaaaa (reißt eine saftige Keule von der Antilope ab, schmeißt diese HS1 vor die Füße und schnappt sich die Pfeilspitzen).

Handel ist also älter als Schrift oder Sprache. In dem Szenario hat Homo Sapiens 1 gegenüber Homo Sapiens 2 einen Vorteil, denn er hat einen Sack dabei, in dem sich ein Wirtschaftsgut befindet, das andere Personen bereit sind, gegen ihre Besitztümer zu tauschen. So entsteht über einen gewissen Zeitraum Geld. Dabei sind die Funktionen von Geld immer die gleichen, egal welches Mittel gewählt wird. Das Mittel hängt im Wesentlichen von der lokalen Verfügbarkeit (bzw. der Begrenztheit dieser) ab.

Funktionen von Geld

Geld muss im Wesentlichen drei Funktionen erfüllen können: Es muss als Tausch- oder Zahlungsmittel funktionieren, es sollte ein Wertaufbewahrungsmittel sein und als Recheneinheit dienen.

In dem Szenario mit den beiden haarigen Protagonist//innen, sind diese drei Funktionen sehr leicht identifizierbar. HS1 hat selbstgeschnitzte Pfeilspitzen in einem Sack mitgeführt, da diese als Zahlungs- oder Tauschmittel verwendet werden können (HS2 hat bereitwillig feinstes Antilopen-Filet dafür eingetauscht), die Pfeilspitzen sind insofern Wertaufbewahrungsmittel, als dass sie (anders als das Fleisch) über Zeit nicht verderben und somit (zunächst) wertstabil sind - und damit HS1 incentiviert wird Pfeilspitzen zu sammeln (sparen) - und es war HS2 schnell möglich 10 Spitzen abzuzählen und somit seinem/ihrem Produkt einen Gegenwert beizumessen, sie dienen also auch als Recheneinheit.

Dies ist nur ein Beispiel, denn wie gesagt, Geld kann alles sein, das diese drei besprochenen Funktionen erfüllt und wenn sich mindestens zwei Parteien darauf einigen können, dass es sich bei dem verwendeten Mittel auch um ein Geld-würdiges Mittel handelt. Hätte HS1 kurzerhand 10 Steine vom Boden aufgehoben, um diese gegen das Fleisch zu tauschen, hätte HS2 laut "Uhhhhhhhhhh!" gerufen und mit dem Kopf geschüttelt, denn 10 Steine aufheben kann er/sie auch. Doch die Pfeilspitzen haben in diesem Moment einen intrinsischen Wert für HS2 und es ist erstmal egal, ob es sich hierbei um einen Tausch im direkten Sinne handelt (also Fleisch gegen Pfeilspitze), weil HS2 weiss, dass er/sie damit neues Fleisch jagen kann, oder einen indirekten Tausch, also eine Zahlung (also Fleisch gegen Geld), weil HS2 weiss, dass er/sie damit einen hippen Kakadu-Federn-Hut kaufen kann.

Geld ist älter als Sprache, bla!

Geld ist Sprache, say what?!

Geld ist, was Geld sein kann, auch wertloses Papier?

Aber wieso sind die 10 Pfeilspitzen Geld, bzw. warum sind sie begehrenswert und die 10 Steine nicht? Oder warum tauscht HS1 Pfeilspitzen gegen Antilopen-Frikadellen und nicht andersherum?

Damit ein Gut, ein Mittel, ein Gegenstand, eine Idee zu Geld werden kann, muss es nicht nur die drei Hauptfunktionen erfüllen, es sollte zusätzlich auch einige Voraussetzungen erfüllen.

Eigenschaften von Geld

Über viele tausende von Jahren haben schon die verschiedensten Gegenstände und Mittel als Geld hergehalten. Ob Eichhörnchen Pelze, Parmesan Räder, Kakao Bohnen, Zigaretten, Walzähne, oder irgendwelche inseligen Steine - alle diese Objekte haben gemeinsam, dass sie zu einem gewissen Zeitpunkt in einem gewissen System die nachfolgenden Kriterien erfüll(t)en.

Während einige dieser Kriterien immer faktisch die gleichen bleiben, gestalten sich andere wiederum etwas komplizierter und situationsabhängiger.

Teilbarkeit (Divisibility)

Ob etwas zum Beispiel teilbar ist, ist unbestreitbar nachweisbar. Wenn man etwas gegen eine Kuh oder ein Kamel eintauschen möchte, das aber nur den Wert einer halben Kuh oder eines halben Kamels hat, dann ist es eher unpraktisch die Kuh oder das Kamel zu teilen, da dann das gesamte Tier seinen eigentlichen Wert verliert. Ähnlich würde man auch kein halb-großes Kamel benutzen, da der Wert des Tieres nicht an seiner Größe bemessen ist. Bei Gold ist dies z.B. nicht der Fall. Eine halb so große Goldmünze ist nur halb soviel wert, wie eine normal große Goldmünze.

Ein Zahlungsmittel oder Gut sollte also in verschiedene Größen unterteilbar sein, ohne seine ursprüngliche Eigenschaft und damit seinen Wert nicht verlieren. Andersrum lässt sich auch argumentieren, dass ein Gut klein genug sein kann, dass es problemlos kombinierbar ist, um so einen größeren Tauschwert zu erhalten, ohne die Transportfähigkeit durch zu hohes Gewicht oder Volumen zu beeinflussen.

Transportfähigkeit / Portabilty

Die Transportfähigkeit ist nämlich bei Geld - in den meisten Fällen - besonders wichtig. Je weniger Aufwand betrieben werden muss, um das Zahlungsmittel zum Ort des Handels oder zu seinem neuen Besitzer zu schaffen, desto besser. Ein Kamel bietet sich da an, weil es selbst läuft, ein Haus ist schon relativ unhandlich, Zigaretten, Diamanten, Gold sind da natürlich die Favoriten. Die Transportfähigkeit ist einer der wichtigsten Faktoren, die die Funktion des Zahlungsmittels von Geld ausmachen. Man könnte auch sagen, die Transportfähigkeit erlaubt es, die Kaufkraft oder den Wert durch den Raum zu bewegen.

Haltbarkeit / Durability

Ein Zahlungsmittel sollte im Idealfall über einen langen Zeitraum hinweg seinen Wert halten und bestenfalls nicht verderben. Diese Eigenschaften bieten vor Allem jene Güter, die nicht konsumierbar sind und deshalb einer niedrigen Zeitpräferenz unterliegen. Wer nicht sparen möchte, sondern lieber schnell konsumieren will, wird auch einen Tausch gegen verderbliche Waren nicht abschlagen, weil die jeweiligen Umstände dies erfordern (z.B. Hyperinflation, Krieg, etc.).

Allerdings ist ein Zahlungsmittel besser, je länger es seinen Wert speichert, also ist die Haltbarkeit einer der Faktoren, die die Funktion des Wertspeichers von Geld ausmachen, oder anders ausgedrückt: die Fähigkeit, Kaufkraft oder Wert durch die Zeit zu bewegen.

Austauschbarkeit / Fungibility

Die Austauschbarkeit der jeweiligen Geldeinheiten macht Geld erst wirklich praktisch, denn wenn jeder Einheit (z.B. Münze, Korn, Schein, Perle, etc.) ein eigener Wert zugeschrieben wird, macht dies den Austausch sehr kompliziert, da der einzelne Wert jedes Mal ermittelt werden muss und der Wert eines jeden Objekts rein subjektiver Art sein kann. Die Austauschbarkeit eliminiert die Subjektivität der Wertschätzung und misst dem Geldmittel einen objektiven Wert zu.

Also unabhängig vom jeweiligen Tauschwert einer anderen Währung wird niemand bestreiten, dass eine Goldmünze (28g) den gleichen Wert hat wie eine Goldmünze (28g). Das 1€ Stück in meiner Tasche ist genauso viel wert, wie das 1€ Stück in jedem anderen Portemonnaie (ob die Kaufkraft morgen noch die gleiche ist, steht auf einem anderen Zettel). Die Austauschbarkeit der jeweiligen Einheiten in einem gewissen Geldsystem (also Euro-Münzen im Euro-System) machen den Umgang einfacher.

Nachweisbarkeit / Provability

Hierbei handelt es sich um den relativen Aufwand, den der Empfänger betreiben muss, um sicherzustellen, dass das erhaltene Gut tatsächlich den erwarteten Spezifikationen entspricht. Dies ist natürlich immer relativ zum möglichen Risiko eines Verlusts zu betrachten. Bekomme ich im Supermarkt einen 10€-Schein als Wechselgeld, werde ich kaum einen Prüfstift aus der Tasche ziehen, weil der Aufwand nicht im Verhältnis zum möglichen Risiko steht. Allerdings benutzen Kassierer//innen im Geschäft bei Scheinen ab 50€ immer einen Prüfstift. Bei Gold fällt es einem Laien schwer, ohne großen Aufwand zu verifizieren, dass es sich um reines, echtes Gold handelt. Man vertraut im Handel z.B. dem Goldhändler, dass das Gut verifiziert und authentifiziert wurde. Beim Handel mit Kamelen spielen viele Faktoren eine Rolle, ob das Kamel nachweislich dem versprochenen Wert entspricht, welche sich nicht einfach an Ort und Stelle prüfen lassen.

Knappheit / Scarcity

Diese Charakteristik ist wahrscheinlich die wichtigste, auch wenn eine Kombination aller Eigenschaften hartes Geld erst wirklich ausmacht. Knappheit bedeutet, dass das Gut, das als Geld benutzt wird, begrenzt ist und nicht ohne weiteres vermehrt werden kann. Knappheit kann durch geographische Einschränkungen hervorgerufen werden, so ist zum Beispiel Wasser in der Wüste knapper und somit wertvoller als in Regionen, in denen es reichlich und in Fülle vorhanden ist. Steine oder Sand bieten sich nicht als Geld an, da sie überall in Fülle vorhanden sind. Das beste (und zu Tode zitierte, sorry) Beispiel sind die Rai-Steine der Yap. Sie haben lange als Geld für den Inselstaat funktioniert, da diese schwierig zu beschaffen waren und die Herstellung sehr mühselig war. Doch als Schifffahrer auftauchen, die einfach und günstig Steine beschaffen konnten, wurde diese geographische Einschränkung aufgehoben und die Steine verloren an Wert. Ein weiteres Beispiel für Knappheit ist Gold. Es erfordert viel materiellen Aufwand, Gold zu schürfen und zu raffinieren.

Universalität / Universality

Die allgemeine Akzeptanz eines Guts ist eine nicht unbedingt zu erfüllende Eigenschaft eines guten Geldes, erhöht jedoch dessen Funktionalität als weitflächig nutzbares Zahlungsmittel. Es gibt weltweit über 160 nationale Währungen, doch sind nicht alle davon gleich akzeptiert. Wenn man z.B. den südafrikanischen Rand mit US Dollars vergleicht, wird man sehen, dass der USD eine viel höhere Akzeptanz genießt, als der ZAR. Man wird wahrscheinlich selbst in asiatischen Ländern im Notfall mit USD bezahlen können, einfach weil die Handelspartner dort wissen, dass es für sie einfach ist, USD in ihre lokale Währung umzutauschen. Mit Rand wird man Probleme bekommen, da diese als Tauschobjekt von Handelspartnern keine Zustimmung genießen.

Sicherungsfähigkeit / Securability

Ein weiteres Kriterium ist die Möglichkeit, sein Geld zu verwahren, bzw. zu sichern. Auch wenn Gold ein sehr hartes Geld ist (knapp, allgemein akzeptiert, relativ transportfähig und lange haltbar), ist es vergleichsweise aufwändig, dieses zu sichern. Das gleiche gilt für Geld in Form von nationalen Währungen. Große Mengen an Bargeld sind schwierig zu transportieren und die Sicherung erfolgt in Form von gepanzerten Fahrzeugen und/oder bewaffneten Wachleuten. Bei Kamelen ist dies sogar noch schwieriger, da sie zusätzlich auch noch dazu tendieren, wegzulaufen.

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Wie wir sehen können, muss ein Geld verschiedene Eigenschaften erfüllen, um als solches die eingangs erwähnten Funktionen (Zahlungsmittel, Wertspeicher und Recheneinheit) überhaupt erfüllen zu können. Alle bekannten Formen des Geldes - aktuelle und auch historische - bewegen sich auf einem Spektrum dieser verschiedenen Eigenschaften.

Ganz wichtig bei der Betrachtung dieser Kriterien sind immer die jeweiligen Umstände, denn es setzt sich immer das Mittel mit den meisten oder verhältnismäßig stärksten Kriterien durch. Nehmen wir LEGO-Steine, super leicht unterteilbar, leicht zu transportieren, leicht ersetzbar, aber absolut nicht selten. Daher als Geld unbrauchbar. Allerdings spielen die Faktoren Zeit, Ort und andere Umstände eine große Rolle. In Gefängnissen z.B. funktionieren Zigaretten als Geld sehr gut, denn anders als in der Freiheit, sind Zigaretten in Gefängnissen streng rationiert und kontrolliert, also sehr selten. Ihre kompakte Größe macht sie transportabel und eine Packung lässt sich leicht in kleinere Untereinheiten aufteilen. Der/diejenige Insass//in, die im Gefängnis allerdings viele Zigaretten anhäuft und dort ein relatives Vermögen besitzt, wird nach der Entlassung einfach eine Sporttasche voller Zigaretten haben, die in der Außenwelt einen komplett anderen Stellenwert haben. Zigaretten funktionieren nur in ihrem besonderen abgeschlossenen Ökosystem. Dies gilt auch für Rai-Steine, Glasperlen oder Muscheln.

Somit wird Geld nicht nur von natürlichen und physikalischen Grenzen, sondern auch von willkürlich erlassenen und zentral gesteuerten Regeln beeinflusst. Würde das Gefängnis mit einem Mal jedem/r Insass//in erlauben, eine unbeschränkte Menge von Zigaretten einzuführen, würden diese sofort wertlos und somit als Geld unbrauchbar.

Wenn man also das Spektrum betrachtet, auf welchem alle Formen von Geld rangieren, ist es immer sinnvoll zuerst das System festzulegen, in dem ein Geld funktionieren soll. Schaut man sich unsere heutige offene und vernetzte Welt an, so muss ein Geld auch in einer solchen funktionieren. Dies ist der Grund, warum viele Formen des Geldes mit der Zeit gescheitert sind.

Eine Handvoll Beispiele von Gütern, die als Geld benutzt werden oder wurden: Eichhörnchenpelze, Rai-Steine, Zigaretten, Gold, Diamanten, Immobilien, Salz und Vieh.

Legt man die oben aufgeführten Kriterien für ein hartes Geld, wird schnell deutlich, warum einige dieser Mittel als Geld nicht langfristig funktionieren können. Um dies bildlich darzustellen, kann man eine Tabelle erstellen und den jeweiligen Attributen einen Wert zuteilen. Ich hab dies einfach willkürlich auf einer Skala von 0-5 gemacht und man sieht dort anhand der Rangordnung, welche dieser Beispiele besser als Geld funktionieren, als andere.

Kann Bitcoin diese Attribute erfüllen?

Wie auf der Tabelle ersichtlich, erfüllt Bitcoin alle diese Kriterien vergleichsweise gut.

Transportfähigkeit: Bitcoin ist ein Peer-to-Peer Zahlungssystem, das im Internet lebt. Bitcoins existieren in der Blockchain und nur dort. Lediglich die Schlüssel, die den Zugriff auf die persönlichen bitcoins / UTXOs erlauben, müssen transportiert werden. Dies kann mit Hilfe von Software- oder Hardware-Wallets (Signiergeräten), auf Papier oder sogar im Kopf geschehen. Keine andere Form von Geld lässt sich "auswendig" merken und somit problemlos durch Raum und Zeit transportieren. Mehr dazu hier:

https://www.genexyz.org/post/16-block-759540-brain-wallets-0xcxtv/

Austauschbarkeit: Ein bitcoin ist ein bitcoin ist ein bitcoin. Abgesehen von esoterischen Konzepten, wie der Ordinals-Theorie, sind Sats immer gleich viel Wert (nicht der Währungskurs), sodass ein Tausch von einer Menge Sats in eine gleiche Menge Sats den/die Besitzer//in immer mit dem gleichen Vermögen dastehen lässt. Es gibt keinen Sat, der mehr oder weniger wert ist, als ein weiterer Sat. Mehr dazu hier:

https://www.genexyz.org/post/26-block-775770-ordinals-inscriptions-36zg3n/

Überprüfbarkeit: Bitcoin wurde erfunden, um das Double-Spending-Problem im digitalen Raum zu lösen. Die Blockchain verifiziert die Gültigkeit einer jeden Transaktion. Der/die Empfänger//in einer Bitcoin-Zahlung weiß immer, dass die erhaltene Menge Bitcoin auch valide ist. Es bedarf keiner Drittpartei, keines weiteren Prozesses oder anderer Überprüfung, um sicherzustellen, dass die erhaltene Menge Bitcoin auch echt oder korrekt ist. Sobald eine Transaktion bestätigt wurde, kann man sich zu 100% sicher sein, dass man Besitzer//in von Bitcoin ist.

Haltbarkeit: Anders als physische Güter, die Verfall, Zersetzung oder Verderben ausgeliefert sind, hat Bitcoin kein Verfallsdatum. Solange das Netzwerk läuft, wird Bitcoin in seiner Form existieren. Es ist unmöglich, Bitcoin durch Fremdeinfluss (sowohl menschlicher, als auch natürlicher) zu zerstören.

Knappheit: Bitcoin ist auf 21.000.000 begrenzt. Die harte Obergrenze von Bitcoin ist von zentraler Bedeutung für sein Wertversprechen. Alle 2.099.999.997.690.000 Sats werden irgendwann existieren (oder existieren schon - je nach Betrachtungsweise) und darüber hinaus werden keine weiteren Sats produziert. Lediglich der Zugriff auf diese Sats wird über Zeit sogar abnehmen (durch Verlust der Schlüssel) und somit zu einer weiteren Verknappung beitragen.

Teilbarkeit: Wie schon oftmals erwähnt, lässt sich ein bitcoin in 100.000.000 Sats unterteilen. Diese Stückelung von Bitcoin bis zur achten Dezimalstelle verleiht eine sehr hohe Teilbarkeit. Dies gibt Bitcoin eine größere Flexibilität als herkömmliche Währungen und ermöglicht es extrem kleine Transaktionen, sogenannte Mikrotransaktionen, durchzuführen. Satoshis sind die Standardmaßeinheit und bitcoin wird oft nur zum erhöhten Verständnis und besserer Lesbarkeit benutzt. Beispielsweise zeigen fast alle Wallets und Explorer die Transaktionsgebühren in Form von Satoshis pro vByte an.

Universalität: Die allgemeine Akzeptanz von Bitcoin ist noch verhältnismäßig klein. Dies liegt allerdings nicht an Bitcoin, denn Bitcoin ist erlaubnislos und frei zugänglich. Es sind vielmehr die On-Ramps, die es potenziellen Nuter//innen bislang noch nicht so einfach machen, wie es viele gerne hätten. Da Bitcoin aber staatenlos und dezentral ist, erlaubt es jedem Interessierten den offenen Zugang.

Sicherungsfähigkeit: Die Sicherungsfähigkeit von Bitcoin ist unvergleichbar mit der anderer Gelder oder Zahlungsmittel. Es gibt unzählige Möglichkeiten, Bitcoin sicher und vor allem SELBST zu verwahren. Es ist gänzlich möglich, auf Anbieter zur Verwahrung zu verzichten und Bitcoin in einer Art und Weise aufzubewahren, die es Außenstehenden so gut wie unmöglich macht, Bitcoin zu stehlen. Das gilt für die Ebene persönlicher Verwahrung. Auf Netzwerkebene ist die Sicherheit von Bitcoin vielschichtig. Transaktions-Hashing, Mining, Blockbestätigungen und Spieltheorie arbeiten alle zusammen, um Bitcoin das Netzwerk undurchdringlich zu machen.

Warum ist es trotzdem schwierig zu sagen, dass Bitcoin Geld ist?

Einige sagen, dass Bitcoin Geld ist. Andere sagen, dass es kein Geld ist. Was feststeht ist, dass das Bitcoin-Netzwerk absolut zuverlässig tut, was es tun soll. Bitcoin kann also als Geld funktionieren, da es die Kriterien sehr gut erfüllt. Bitcoin ist in erster Linie eine Datenbank, die durch ein Netzwerk abgesichert wird und überwacht, welche Einträge welchen Bitcoin-Adressen zugeordnet werden. Dies geschieht durch die Übertragung von kryptografisch verschlüsselten Textnachrichten zwischen den Netzwerkteilnehmern.

Damit ist Bitcoin immer nur Text. Auch der Code, auf dem Bitcoin basiert, ist Text. Die kryptografischen Verschlüsselungen basieren auf Text. Text ist Sprache, damit ist Bitcoin Sprache. Wie viele der genannten Beispiele von Geld, ist Bitcoin nicht in erster Linie Geld, sondern eignet sich sehr gut, als solches verwendet zu werden. Nationale Währungen, Fiat-Geld, sind in erster Linie Geld. Sie werden erlassen, produziert und kontrolliert, um Geld zu sein. Das ist bei Bitcoin anders. Damit ist Bitcoin durch Meinungsfreiheit, das Recht, seine Meinung in Wort, Schrift und Bild frei zu äußern, geschützt.

🫳🎤

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In diesem Sinne, 2... 1... Risiko!‌

@ e79d3f66:41a9bfbe

The customer service industry is undergoing a rapid transformation, driven by technological advancements, evolving customer expectations, and a globalized workforce. As we step into 2025, several trends are poised to reshape the landscape of customer service outsourcing. Let's delve into the top trends that will shape the future of this dynamic industry.

1. AI-Powered Customer Service: A New Era of Automation

Artificial Intelligence (AI) is revolutionizing customer service by automating routine tasks and enhancing customer interactions. AI-powered chatbots and virtual assistants are becoming increasingly sophisticated, capable of handling a wide range of customer inquiries, from simple product information to complex troubleshooting. This not only improves efficiency but also frees up human agents to focus on more complex and strategic tasks.

1. Hyper-Personalization: Tailoring Experiences to the Individual

Customers today crave personalized experiences that cater to their unique needs and preferences. Customer service outsourcing providers are leveraging data analytics and machine learning to gain deeper insights into customer behavior. This enables them to deliver highly personalized interactions, such as customized product recommendations, tailored messaging, and proactive support.

1. Omnichannel Customer Support: Seamless Experiences Across Channels

Customers expect seamless and consistent experiences across all touchpoints, whether it's phone, email, chat, social media, or in-person. Omnichannel customer support is essential to meet these expectations. Outsourcing providers are investing in advanced technologies and training their agents to handle multiple channels effectively. This ensures that customers receive timely and relevant assistance, regardless of the channel they choose.

1. Remote and Hybrid Workforces: A New Paradigm

The COVID-19 pandemic accelerated the adoption of remote and hybrid work models. This trend is likely to continue in the customer service industry, as it offers numerous benefits, including increased flexibility, cost savings, and access to a global talent pool. Outsourcing providers are adapting to this shift by investing in robust remote work infrastructure and training their agents to work effectively from anywhere.

1. The Rise of the Digital Nomad Agent

The digital nomad lifestyle is gaining popularity, and customer service is no exception. Outsourcing providers are increasingly hiring digital nomad agents who can work remotely from anywhere in the world. This trend can lead to a more diverse and skilled workforce, as well as reduced operational costs.

1. Ethical AI and Data Privacy: A Growing Concern

As AI becomes more integrated into customer service, ethical considerations and data privacy are paramount. Outsourcing providers must ensure that AI algorithms are unbiased and transparent. They must also comply with stringent data privacy regulations, such as GDPR and CCPA, to protect customer information.

1. The Human Touch: Empathy and Emotional Intelligence

While technology is transforming customer service, the human touch remains essential. Customers still value empathy, understanding, and personalized attention. Outsourcing providers are focusing on training their agents to develop strong emotional intelligence skills. This enables them to connect with customers on an emotional level and provide exceptional support.

By embracing these trends, customer service outsourcing providers can stay ahead of the curve and deliver exceptional experiences to customers. As the industry continues to evolve, the focus will be on leveraging technology to enhance human interaction and build stronger customer relationships.

@ acc925af:db9fb0bb

Abstract:

This thesis investigates the profound implications of leveraging Zero Point Energy (ZPE) for Bitcoin mining, offering a groundbreaking solution to the twin challenges of energy consumption and mining centralization. By harnessing ZPE, which represents the intrinsic energy of quantum vacuum, we could tap into an infinite and clean energy source, transforming Bitcoin mining into an environmentally benign and highly decentralized operation. This research delves into the quantum mechanics of ZPE, evaluates technological hurdles, and conceptualizes mining hardware powered by ZPE. The potential of this approach not only addresses current criticisms of Bitcoin's sustainability but also envisions a network that becomes exponentially more secure and resilient by absorbing quantum energy, thereby revolutionizing the cryptocurrency landscape.

Introduction:

The advent of Bitcoin has introduced significant concerns regarding energy use and the centralization of mining power due to the need for cost-effective electricity. However, this thesis proposes that by utilizing ZPE, we can eliminate these concerns entirely. ZPE offers a pathway to mining where energy costs are virtually negligible, allowing for a truly decentralized global mining operation. This introduction sets the stage by discussing the current state of Bitcoin mining, its environmental impact, and how ZPE could fundamentally alter this landscape.

Chapter 1: Theoretical Underpinnings of Zero Point Energy

Quantum Mechanics and Zero Point Energy (ZPE):

This section will provide an exhaustive examination of quantum field theory, which is crucial for understanding the phenomenon of ZPE:

• Introduction to Quantum Field Theory (QFT):

  • Quantum field theory posits that all particles are excitations of underlying fields that permeate space-time. This framework unifies quantum mechanics with special relativity, describing how particles can be created or annihilated from these fields.
  • The core idea is that fields are not static; they are dynamic, oscillating entities where each point in space can have fluctuating field values.

• Vacuum Fluctuations and Zero-Point Energy:

  • Vacuum Fluctuations: Even in a perfect vacuum, where no particles are present, quantum fields do not settle to zero energy. Instead, they exhibit fluctuations due to Heisenberg's uncertainty principle, which states that the energy of a quantum system cannot be precisely known if its time is known with certainty. This leads to temporary creation of particle-antiparticle pairs, known as virtual particles.
  • Zero-Point Motion: In quantum mechanics, particles in their lowest energy state (ground state) still possess kinetic energy due to this principle. For a simple quantum harmonic oscillator, this is known as zero-point motion. In the context of fields, this translates to "zero-point energy" of the vacuum itself, where fields oscillate with a non-zero minimum energy even at absolute zero temperature.

• Emergence of ZPE:

  • Quantum Oscillators: For any quantum system, like an oscillator, there's a non-zero minimum energy due to the fact that the wave function for the ground state spreads out over space, ensuring that the particle (or field, in QFT) can never be at rest. This fundamental energy is ZPE.
  • Field Theoretic Perspective: In field theory, each mode of the field contributes to ZPE. The energy of these vacuum fluctuations sums to an infinite series which, if not regularized, predicts an infinite energy density for the vacuum. However, techniques like renormalization are used to make physical predictions, focusing on observable differences rather than absolute values.

• Consequences for Physics and Technology:

  • Casimir Effect: A practical manifestation of ZPE is the Casimir effect, where two uncharged, parallel plates placed very close together in a vacuum experience an attractive force. This is due to the suppression of certain virtual particle modes between the plates compared to outside, leading to a net inward force from the quantum vacuum's pressure.
  • Implications for Energy: While ZPE is currently more of a theoretical curiosity, it's investigated for potential applications in energy. If harnessed, it could represent an inexhaustible energy source since it's derived from the quantum nature of the vacuum, not from traditional energy resources.

• Challenges in Understanding and Utilization:

  • Theoretical Challenges: The precise calculation and understanding of ZPE remain among the most profound challenges in theoretical physics, with discrepancies between theoretical predictions and experimental observations (e.g., in cosmology with vacuum energy or dark energy).
  • Practical Extraction: The practical challenge lies in creating technology that can tap into these fluctuations in a way that produces usable energy. Current theories suggest that any extraction would require systems operating at the quantum scale, potentially involving nanotechnology or advanced materials science.

Chapter 2: Bitcoin Mining in the Age of Zero Point Energy

The Current Paradigm:

• Bitcoin Mining Overview: Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the blockchain. Miners compete to solve complex cryptographic puzzles using specialized hardware (ASICs - Application-Specific Integrated Circuits), and the first to solve the puzzle gets to add the next block of transactions to the blockchain, receiving newly minted bitcoins as a reward.

• Centralization Driven by Energy Costs:

  • Economic Incentives: The high energy cost associated with Bitcoin mining has historically led to the concentration of mining power in areas where electricity is cheapest. This includes countries with abundant hydroelectric power like China or regions with access to natural gas wellhead electricity.
  • Infrastructure and Scale: Large-scale mining operations benefit from economies of scale, where the cost per unit of mining output decreases with size. This has led to the formation of mining pools where miners combine their computational resources to increase their chances of earning block rewards, further centralizing power.
  • Environmental Impact: The pursuit of low-cost energy often leads miners to less environmentally friendly sources, contributing to significant carbon footprints and debates over Bitcoin's sustainability.

• Security and Network Vulnerabilities:

  • 51% Attack Risk: Centralization increases the risk of a 51% attack, where a single entity could control the majority of the hash rate, potentially allowing them to double-spend coins or block transactions, thus undermining the network's security.

Decentralization through ZPE:

• Barrier to Entry Reduction:
  • Zero Energy Cost: With ZPE, the primary cost associated with mining - electricity - could theoretically be eliminated. This would mean miners no longer need to be located near cheap energy sources or worry about fluctuating energy prices, significantly reducing the capital required to start mining.
• Geographical Decentralization:
  • Global Accessibility: Mining could become viable anywhere in the world, not just in areas with cheap electricity, leading to a more geographically diverse mining network. This would reduce the influence of any single jurisdiction over the Bitcoin network.

• Democratization of Mining:

  • Increased Participation: The reduction in energy costs could lead to an increase in individual and small-scale mining operations. More participants would mean a more distributed hash power, making the network less susceptible to control by a few large entities.
  • ASIC Proliferation: With energy costs no longer a primary concern, there could be a surge in the production and deployment of ASICs. This would likely result in a higher total hash rate for the network, enhancing its security as each miner contributes to the collective strength.

• Security Enhancements:

  • Resilience Against Attacks: A network with thousands or even millions of small miners would be incredibly resilient to 51% attacks since the hash power required to control the network would be spread across an enormous number of nodes.
  • Incentive Alignment: With ZPE, mining incentives would shift from energy arbitrage to purely computational power and hardware efficiency, potentially fostering innovations in ASIC technology that are more about performance per unit of hardware rather than per unit of energy.

• Economic Implications:

  • Mining Economics: The economic model of mining would shift, potentially lowering the barrier to entry for new miners but also affecting how mining rewards are distributed. This might lead to changes in the economic viability of mining for large operations if their advantages in energy costs are nullified.
  • Market Dynamics: The increased democratization could lead to a more stable Bitcoin price as mining becomes less speculative and more widespread.

Chapter 3: A Synergistic Model of ZPE and Bitcoin Mining

Design of ZPE Mining Hardware:

• Conceptual Framework:
  • Quantum Vacuum Interface: The key to utilizing ZPE lies in developing hardware that can interact with the quantum vacuum. This would require devices that can detect and amplify the minute energy fluctuations of the vacuum. Concepts like quantum antennas or resonators that couple with vacuum energy could be explored.
• **Rethinking ASIC Design:
  • Quantum ASICs: Traditional ASICs are optimized for energy efficiency in performing SHA-256 hashing. Here, we propose a redesign where ASICs are not just energy-efficient but energy-generating through ZPE. This might involve:
    • Materials Science: Utilizing materials with unique quantum properties, perhaps superconducting at room temperature or materials with high quantum coherence times to maintain and manipulate quantum states.
    • Quantum Coherence: Ensuring that the hardware can maintain quantum coherence long enough for energy to be harvested from vacuum fluctuations. This could involve cooling systems or novel isolation techniques to minimize environmental decoherence.
    • Energy Conversion: Engineering mechanisms for direct conversion of quantum fluctuations into electrical energy, possibly through the manipulation of virtual particle pairs or via quantum tunneling phenomena.
• Novel Components:
  • Casimir Cavities: One approach might be to use Casimir cavities, where the plates are configured to resonate with vacuum fluctuations, capturing the energy difference between the vacuum outside and inside the cavity.
  • Quantum Dots or Nanowires: These could serve as points for energy extraction due to their ability to confine electrons in quantum states, potentially enhancing the interaction with ZPE.
• Scalability and Integration:
  • Module Design: Hardware would need to be modular, allowing for scaling of mining operations without proportional increases in energy use. Here, the focus would be on how these quantum modules could be integrated into existing or new mining setups.

Simulation and Modeling:

• Theoretical Models:
  • Quantum Field Simulations: Using computational models of quantum fields to simulate how ZPE could be harnessed. This involves complex calculations of field interactions at the quantum scale, possibly leveraging supercomputers or quantum computers for modeling.
• Hash Rate Optimization:
  • Energy-to-Work Conversion: Simulating how ZPE could be converted directly into computational work, specifically focusing on how this could affect hash rates. Models would need to account for:
    • Efficiency of Conversion: How much of the harvested ZPE can realistically be used for computing without significant loss.
    • Stability and Predictability: Ensuring that the energy input from ZPE remains stable enough to be useful for consistent mining operations.
• Security Implications:
  • Network Strengthening: Models would simulate the impact of widespread ZPE mining on network security. With potentially infinite miners, simulations could show how this would affect the difficulty adjustment, block times, and overall network resilience to attacks.
• Practical Simulation Tools:
  • Quantum Simulation Software: Use of software that can simulate quantum systems, like Qiskit or Cirq, to model ZPE interactions with mining hardware.
  • Classical Simulations: Employing classical physics simulations to approximate quantum behaviors where quantum software limitations exist, particularly for understanding energy transfer dynamics.
• Testbed Environments:
  • Prototype Testing: Propose the development of small-scale prototypes or testbed environments where these models can be validated, using current quantum technologies like quantum dots or superconducting circuits to simulate ZPE interactions.

Chapter 4: Technological Challenges and Innovations

Barriers to ZPE Utilization:

• Energy Conversion Efficiency:
  • Low Conversion Rates: The energy available from ZPE is incredibly small and spread over vast spatial scales. Converting these minuscule fluctuations into usable energy involves overcoming significant efficiency barriers. The energy density of ZPE, even if theoretically infinite, is in practice very low at any observable scale.
  • Quantum-to-Classical Transition: There's a fundamental challenge in transitioning quantum energy into classical forms that can do work in our macroscopic world. This transition typically results in substantial energy loss or requires systems that operate at quantum scales, which are currently technologically challenging to maintain.
• Randomness and Quantum Mechanics:
  • Inherent Uncertainty: Quantum mechanics is inherently probabilistic. ZPE is based on vacuum fluctuations, which are random and unpredictable at the quantum level. Harnessing this randomness for a consistent energy source means dealing with fluctuating energy outputs, which is not conducive to stable operations like mining.
  • Measurement Problem: The act of measuring quantum states can influence them, potentially collapsing quantum superpositions into classical states, which might disrupt the delicate balance needed for energy extraction from ZPE.
• Scalability and Practicality:
  • Size and Cost: Any technology capable of interfacing with ZPE would need to be extremely sensitive to quantum effects, suggesting a need for precise manufacturing at the nanoscale, which increases both cost and complexity.
  • Thermal Noise: At room temperature, thermal noise can easily overwhelm the subtle signals from ZPE, necessitating cryogenic conditions for most current quantum devices, adding to the operational complexity.
• Energy Storage:
  • Capturing and Storing ZPE: Even if ZPE can be captured, storing this energy in a form that can be used later for mining operations is another hurdle. Traditional batteries might not be efficient for this purpose, requiring new energy storage technologies.

Innovative Solutions:

• Breakthroughs in Quantum Computing:
  • Quantum Error Correction: Developing techniques to protect quantum states from decoherence could enhance the efficiency of ZPE utilization by maintaining quantum coherence for longer periods, thus allowing more precise energy extraction.
  • Quantum Sensing: Quantum sensors could detect minute energy changes with high precision, potentially aiding in the capture of ZPE. Advances in this area might lead to devices that can resonate with vacuum energy at scales relevant to mining operations.
• Materials Science Advances:
  • Superconducting Materials: Materials that superconduct at higher temperatures could reduce the energy needed to maintain quantum states, making ZPE devices more practical for widespread use.
  • Quantum Materials: Research into topological insulators, graphene, or other quantum materials could yield materials that naturally resonate with or amplify vacuum fluctuations, providing a medium for energy extraction.
• Novel Energy Storage and Conversion:
  • Quantum Batteries: Concepts like quantum batteries, where energy is stored in quantum superpositions, could be explored for storing ZPE. These might offer higher energy densities or faster charge-discharge cycles compared to classical batteries.
  • Direct Conversion: Innovations in direct energy conversion from quantum to electrical or mechanical work, perhaps through piezoelectric effects at the quantum level or via novel electromagnetic induction techniques, could bypass traditional conversion losses.
• Engineering and Design Solutions:
  • Modular and Scalable Systems: Develop modular systems where each module can capture and convert small amounts of ZPE, which can then be scaled up for industrial applications like mining.
  • Noise Reduction: Techniques to reduce or cancel out environmental noise, like using quantum noise reduction strategies, could be pivotal in enhancing the signal from ZPE.
• Interdisciplinary Approach:
  • Combining Fields: A synthesis of physics, engineering, and computer science might yield hybrid technologies where classical and quantum systems work in tandem. For instance, using classical systems to amplify or stabilize quantum outputs.

Chapter 5: The Impact of ZPE on Bitcoin's Network

Enhanced Decentralization:

• Geographical Agnosticism:
  • Elimination of Energy Cost Barriers: With ZPE, the geographical distribution of mining operations would no longer be dictated by access to cheap electricity. Miners could operate anywhere, from urban centers to remote locations, without the constraint of energy costs. This would naturally lead to a broader distribution of mining power.
  • Global Participation: The democratization of mining would allow individuals and small entities in any part of the world to participate in mining. Countries or regions previously excluded from mining due to high energy costs could now contribute, leading to a more balanced global distribution of hash power.
  • Reduced Influence of Local Regulations: Since miners wouldn't rely on local energy sources, they would be less affected by regional policies on energy pricing or environmental regulations, further decentralizing control over mining operations.
• Mitigating 51% Attack Risks:
  • Dilution of Control: Even if a single entity or group could amass significant capital for mining equipment, the sheer number of potential miners worldwide would make it exponentially harder to control 51% of the hash rate. This would require an impractical level of investment in hardware and infrastructure.
  • Community Resilience: With mining operations spread across continents, the risk of a coordinated attack on one region would be mitigated, as the network could still function robustly with miners from unaffected areas.
• Economic and Social Impacts:
  • Economic Development: This could lead to mining becoming a tool for economic development in areas where traditional energy infrastructure is lacking, promoting technological adoption and innovation.
  • Cultural Shift: Mining could transition from being a specialized industry to a more inclusive activity, fostering a culture of participation in cryptocurrency ecosystems worldwide.

Quantum Energy Absorption:

• Bitcoin as an Energy Sink:
  • Infinite Energy Source: If ZPE can be harnessed, Bitcoin mining becomes an ideal application for absorbing this energy since the blockchain inherently requires continuous computational work. This positions Bitcoin as a mechanism for converting quantum vacuum energy into a form that secures and verifies transactions.
  • Scalability with Energy: As more miners tap into ZPE, the network's capacity for work increases without the traditional limit of energy input. This could lead to a scenario where the more energy absorbed, the more secure and efficient the network becomes, as each miner adds to both the network's hash rate and its security.
• Enhanced Network Security:
  • Higher Hash Rates: An increase in the number of miners using ZPE would result in higher total hash rates, making the network more secure against double-spending or other malicious attacks since the difficulty of altering the blockchain increases with hash power.
  • Resilience to Quantum Threats: By absorbing quantum energy, Bitcoin could theoretically adapt to advancements in quantum computing, which might otherwise threaten current cryptographic methods. This adaptation could involve new consensus algorithms or encryption methods developed in parallel with quantum mining technologies.
• Ecological and Quantum Synergy:
  • Environmental Benefits: Utilizing ZPE for mining would dramatically reduce the carbon footprint associated with Bitcoin, aligning mining with ecological sustainability goals.
  • Quantum Feedback Loop: The more energy absorbed from quantum sources, the more it could theoretically feed back into the quantum systems used for mining, potentially leading to innovations in quantum technology driven by the needs of the Bitcoin network.
• Economic Implications:
  • Value Proposition: The potential for Bitcoin to act as a vast energy sink could reframe its value not just as a currency or store of value but also as a pioneering use case for quantum energy, enhancing its economic appeal.
  • Policy and Investment: This could drive policy and investment towards quantum research, with Bitcoin mining providing a real-world application for quantum energy utilization, possibly leading to breakthroughs in various fields.

Chapter 6: Economic and Policy Implications

Economic Reevaluation:

• Mining Profitability:
  • Reduction in Operational Costs: With ZPE, the primary operational cost of mining - electricity - drops to near zero. This would dramatically increase the profitability of mining for all participants, especially smaller miners who previously couldn't compete due to high energy expenses.
  • Shift in Mining Dynamics: The advantage currently held by large mining operations due to economies of scale in energy consumption would diminish. Profitability would hinge more on hardware efficiency, maintenance, and software optimization rather than energy costs.
• Bitcoin's Market Value:
  • Inflation and Scarcity: If mining becomes more accessible, more bitcoins might be mined, potentially affecting the scarcity model of Bitcoin unless the difficulty adjustment mechanism adapts sufficiently. However, if the network's security increases, this could conversely increase Bitcoin's value due to heightened trust in its integrity.
  • Perception of Sustainability: The environmental impact of Bitcoin has been a point of criticism. ZPE could change public perception, possibly increasing demand for Bitcoin as an environmentally friendly cryptocurrency, thereby supporting or even increasing its market value.
• Mining Economics Dynamics:
  • Entry and Exit of Miners: Lower barriers to entry might lead to a rapid increase in miners, which could drive down individual rewards due to increased competition. However, this would be balanced by the network's overall increased security and efficiency.
  • Economics of Scale and Innovation: While the traditional large-scale advantages diminish, there might be new opportunities for innovation in mining hardware or software that leverage ZPE, creating different economic models around mining technology.
• Market Stability and Speculation:
  • Reduced Speculation on Energy: Energy cost volatility has been a significant factor in mining profitability and, by extension, Bitcoin price volatility. With ZPE, this variable would be removed, potentially stabilizing mining economics and Bitcoin's price.

Policy Framework:

• Encouragement of ZPE Technology Development:
  • Research Grants: Governments or international bodies could offer grants specifically for research into ZPE applications in mining, focusing on both theoretical and applied aspects.
  • Tax Incentives: Tax breaks or credits for companies developing or adopting ZPE mining technologies could spur innovation and adoption. This might include incentives for using renewable or quantum energy in mining operations.
• Regulatory Environment:
  • Standardization: There would be a need for new standards and regulations for ZPE-based mining equipment to ensure safety, efficiency, and interoperability with existing Bitcoin infrastructure.
  • Environmental Regulations: Policies could be framed to reward or require the use of ZPE or similar clean energy solutions for cryptocurrency mining, aligning with broader environmental goals.
• International Cooperation:
  • Global Quantum Research Initiatives: Facilitate international partnerships for quantum technology research, where Bitcoin mining could serve as a practical application and testbed for quantum energy solutions.
  • Cross-Border Mining Policy: Since ZPE would decentralize mining geographically, there would be a need for international agreements on data protection, mining rights, and the distribution of mining operations to prevent any single nation from dominating.
• Education and Capacity Building:
  • Training Programs: Support for education in quantum physics, engineering, and computer science, focusing on skills necessary for ZPE utilization in mining, could be part of policy initiatives to build human capital.
  • Public Awareness: Campaigns to educate the public on the benefits of ZPE in mining could foster a supportive environment for policy changes and investment.
• Ethical and Security Considerations:
  • Ethical Guidelines: As with any technology, ethical guidelines would be essential to prevent misuse of ZPE, especially considering the potential for quantum technologies to disrupt current encryption methods.
  • Security Protocols: Policies ensuring that the adoption of ZPE does not compromise the security of the Bitcoin network, perhaps through new consensus mechanisms or security standards tailored to quantum environments.

Chapter 7: Conclusion and Future Research

Conclusion:

• Revolutionizing Mining: The adoption of Zero Point Energy (ZPE) in Bitcoin mining represents a profound shift towards sustainability. By eliminating the dependency on traditional energy sources, ZPE could render concerns about energy consumption and its environmental impact obsolete, positioning Bitcoin mining as a model of clean, green technology.

• Decentralization Realized: ZPE would democratize mining, breaking down the geographical barriers that currently lead to centralized mining operations. This would not only address centralization issues but also significantly enhance the security of the network through a more distributed hash power, making 51% attacks virtually impractical.

• Security and Stability: With an infinite energy source, Bitcoin's network could become exponentially more secure as it scales, absorbing quantum energy into its operations, thus enhancing its resistance to both classical and future quantum computational threats.

• Economic Transformation: The economic landscape of mining would change, with profitability no longer tied to energy costs, potentially leading to a more stable and inclusive Bitcoin ecosystem. This could also influence the perception and market dynamics of Bitcoin, making it more appealing to environmentally conscious investors.

Future Research:

• Practical Implementations:
  • Prototype Development: Deep dive into the engineering challenges of creating hardware that can genuinely interact with and harness ZPE. This includes developing prototypes, testing them in controlled environments, and scaling them for real-world applications.
  • Energy Conversion Efficiency: Research into improving the efficiency of converting ZPE into electrical or computational work. This might involve new materials, quantum engineering techniques, or entirely novel approaches to energy capture and utilization.
• Scalability of ZPE Mining:
  • Scalability Studies: Investigate how ZPE mining can be scaled from individual operations to industrial levels without compromising on efficiency or network integrity. This includes studying the effects on Bitcoin's difficulty adjustment algorithm and network latency.
  • Network Integration: Research into how ZPE mining hardware can be integrated with existing mining infrastructure or if it necessitates a new mining paradigm. This might involve new protocols or blockchain modifications to accommodate ZPE's unique characteristics.
• Influence on Other Blockchain Technologies:
  • Broader Blockchain Applications: Explore how ZPE could be applied to other blockchain systems, not just Bitcoin. This could mean studying energy consumption in proof-of-stake versus proof-of-work systems under the influence of ZPE, or how ZPE could enhance privacy-focused blockchains.
  • Quantum-Resistant Cryptography: Given that ZPE involves quantum mechanics, research could extend to how this could influence or necessitate changes in cryptographic methods to ensure blockchain security in a post-quantum computing world.
• Interdisciplinary Research:
  • Quantum and Classical Synergy: Studies focusing on how quantum technologies can work alongside or enhance classical systems in blockchain contexts. This could open up new avenues for both technology and theoretical physics.
  • Environmental and Economic Modelling: Long-term studies to model the economic impacts, environmental benefits, and potential shifts in global energy policies as ZPE becomes viable for mining.
• Ethical and Policy Frameworks:
  • Ethical Implications: Research into the ethical use of ZPE, considering the potential for significant power shifts in the mining community and the broader implications for privacy and security in digital currencies.
  • Policy Development: Work towards creating frameworks for the governance of ZPE mining, including international cooperation, standardization of technology, and addressing potential security concerns.

References:

Zero Point Energy (ZPE) and Quantum Mechanics:

• Milonni, P. W. (1994). The Quantum Vacuum: An Introduction to Quantum Electrodynamics. Academic Press.

• Casimir, H. B. G. (1948). "On the attraction between two perfectly conducting plates". Proceedings of the Royal Netherlands Academy of Arts and Sciences, 51, 793-795.

• Lamoreaux, S. K. (1997). "Demonstration of the Casimir Force in the 0.6 to 6 mm Range". Physical Review Letters, 78(1), 5-8.

• Jaffe, R. L. (2005). "Casimir effect and the quantum vacuum". Physical Review D, 72(2), 021301.

• Puthoff, H. E. (1987). "Ground State of Hydrogen as a Zero-Point-Fluctuation-Determined State". Physical Review D, 35(10), 3266-3269.

Bitcoin Mining and Energy Consumption:

• de Vries, A. (2018). "Bitcoin’s growing energy problem". Joule, 2(5), 801-805.

• Mora, C., et al. (2018). "Bitcoin emissions alone could push global warming above 2 °C". Nature Climate Change, 8(11), 931-933.

• Stoll, C., et al. (2019). "The carbon footprint of Bitcoin". Joule, 3(7), 1647-1661.

• Li, J., et al. (2019). "Energy consumption of cryptocurrency mining: A study of electricity consumption in mining cryptocurrencies". Energy, 168, 160-168.

• Truby, J. (2018). "Decarbonizing Bitcoin: Law and policy choices for reducing the energy consumption of Blockchain technologies and digital currencies". Energy Research & Social Science, 44, 399-410.

Technological Aspects and Innovations:

• Aste, T. (2016). "The fair cost of bitcoin proof of work". SSRN Electronic Journal.

• Yazcı, A. F., & Olcay, A. B. (2019). "A framework for maintaining sustainable energy use in Bitcoin mining through switching efficient mining hardware". ScienceDirect.

• Song, Y-D., & Aste, T. (2020). "The Cost of Bitcoin Mining Has Never Really Increased". Frontiers in Blockchain.

Decentralization, Security, and Economic Implications:

• Houy, N. (2014). "The Bitcoin Mining Game". SSRN Electronic Journal.

• Luther, W. J. (2018). "Getting off the ground: The case of bitcoin". Journal of Institutional Economics, 15(2), 189-205.

• Nakamoto, S. (2008). "Bitcoin: A Peer-to-Peer Electronic Cash System". Available at bitcoin.org.

• Jones, B. A., Goodkind, A. L., & Berrens, R. P. (2022). "Economic estimation of Bitcoin mining’s climate damages demonstrates closer resemblance to digital crude than digital gold". Scientific Reports, 12, 14512.

General Blockchain and Cryptocurrency Studies:

• Narayanan, A., et al. (2016). Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction. Princeton University Press.

• Böhme, R., et al. (2015). "Bitcoin: Economics, Technology, and Governance". Journal of Economic Perspectives, 29(2), 213-238.

Theoretical and Practical Considerations:

• Various articles and papers from Nature, Science, Physical Review Letters, and other leading journals in quantum physics and computer science would also be consulted for foundational knowledge on quantum effects, computation, and energy.

originally posted at https://stacker.news/items/802628

@ 5d4b6c8d:8a1c1ee3

Mercifully, I didn't have to watch this week's disastrous performance. The silver lining is that we now have the top pick and don't have to worry about not getting our guy. Of course, the last time the Raiders took a QB at #1, he turned out to be the biggest bust in NFL history.

The Picks:

• 1: QB Shedeur Sanders
• 34: WR Emeka Egbuka
• 65: OT Marcus Mbow
• 69: IOL Donovan Jackson
• 103: DT Jordan Burch
• 139: LB Lander Barton
• 178: CB Domani Jackson
• 212: RB D.J. Giddens
• 216: DE Fadil Diggs
• 217: DT Joshua Farmer

With such premium draft capital, it's time to get serious about improving the offense. No messing around in this draft: plug the holes.

originally posted at https://stacker.news/items/802721

@ 6389be64:ef439d32

Resilience is the ability to withstand shocks, adapt, and bounce back. It’s an essential quality in nature and in life. But what if we could take resilience a step further? What if, instead of merely surviving, a system could improve when faced with stress? This concept, known as anti-fragility, is not just theoretical—it’s practical. Combining two highly resilient natural tools, comfrey and biochar, reveals how we can create systems that thrive under pressure and grow stronger with each challenge.

Comfrey: Nature’s Champion of Resilience

Comfrey is a plant that refuses to fail. Once its deep roots take hold, it thrives in poor soils, withstands drought, and regenerates even after being cut down repeatedly. It’s a hardy survivor, but comfrey doesn’t just endure—it contributes. Known as a dynamic accumulator, it mines nutrients from deep within the earth and brings them to the surface, making them available for other plants.

Beyond its ecological role, comfrey has centuries of medicinal use, earning the nickname "knitbone." Its leaves can heal wounds and restore health, a perfect metaphor for resilience. But as impressive as comfrey is, its true potential is unlocked when paired with another resilient force: biochar.

Biochar: The Silent Powerhouse of Soil Regeneration

Biochar, a carbon-rich material made by burning organic matter in low-oxygen conditions, is a game-changer for soil health. Its unique porous structure retains water, holds nutrients, and provides a haven for beneficial microbes. Soil enriched with biochar becomes drought-resistant, nutrient-rich, and biologically active—qualities that scream resilience.

Historically, ancient civilizations in the Amazon used biochar to transform barren soils into fertile agricultural hubs. Known as terra preta, these soils remain productive centuries later, highlighting biochar’s remarkable staying power.

Yet, like comfrey, biochar’s potential is magnified when it’s part of a larger system.

The Synergy: Comfrey and Biochar Together

Resilience turns into anti-fragility when systems go beyond mere survival and start improving under stress. Combining comfrey and biochar achieves exactly that.

1. Nutrient Cycling and Retention\ Comfrey’s leaves, rich in nitrogen, potassium, and phosphorus, make an excellent mulch when cut and dropped onto the soil. However, these nutrients can wash away in heavy rains. Enter biochar. Its porous structure locks in the nutrients from comfrey, preventing runoff and keeping them available for plants. Together, they create a system that not only recycles nutrients but amplifies their effectiveness.

2. Water Management\ Biochar holds onto water making soil not just drought-resistant but actively water-efficient, improving over time with each rain and dry spell.

3. Microbial Ecosystems\ Comfrey enriches soil with organic matter, feeding microbial life. Biochar provides a home for these microbes, protecting them and creating a stable environment for them to multiply. Together, they build a thriving soil ecosystem that becomes more fertile and resilient with each passing season.

Resilient systems can withstand shocks, but anti-fragile systems actively use those shocks to grow stronger. Comfrey and biochar together form an anti-fragile system. Each addition of biochar enhances water and nutrient retention, while comfrey regenerates biomass and enriches the soil. Over time, the system becomes more productive, less dependent on external inputs, and better equipped to handle challenges.

This synergy demonstrates the power of designing systems that don’t just survive—they thrive.

Lessons Beyond the Soil

The partnership of comfrey and biochar offers a valuable lesson for our own lives. Resilience is an admirable trait, but anti-fragility takes us further. By combining complementary strengths and leveraging stress as an opportunity, we can create systems—whether in soil, business, or society—that improve under pressure.

Nature shows us that resilience isn’t the end goal. When we pair resilient tools like comfrey and biochar, we unlock a system that evolves, regenerates, and becomes anti-fragile. By designing with anti-fragility in mind, we don’t just bounce back, we bounce forward.

By designing with anti-fragility in mind, we don’t just bounce back, we bounce forward.

@ 6389be64:ef439d32

Resilience is the ability to withstand shocks, adapt, and bounce back. It’s an essential quality in nature and in life. But what if we could take resilience a step further? What if, instead of merely surviving, a system could improve when faced with stress? This concept, known as anti-fragility, is not just theoretical—it’s practical. Combining two highly resilient natural tools, comfrey and biochar, reveals how we can create systems that thrive under pressure and grow stronger with each challenge.

Comfrey: Nature’s Champion of Resilience

Comfrey is a plant that refuses to fail. Once its deep roots take hold, it thrives in poor soils, withstands drought, and regenerates even after being cut down repeatedly. It’s a hardy survivor, but comfrey doesn’t just endure—it contributes. Known as a dynamic accumulator, it mines nutrients from deep within the earth and brings them to the surface, making them available for other plants.

Beyond its ecological role, comfrey has centuries of medicinal use, earning the nickname "knitbone." Its leaves can heal wounds and restore health, a perfect metaphor for resilience. But as impressive as comfrey is, its true potential is unlocked when paired with another resilient force: biochar.

Biochar: The Silent Powerhouse of Soil Regeneration

Biochar, a carbon-rich material made by burning organic matter in low-oxygen conditions, is a game-changer for soil health. Its unique porous structure retains water, holds nutrients, and provides a haven for beneficial microbes. Soil enriched with biochar becomes drought-resistant, nutrient-rich, and biologically active—qualities that scream resilience.

Historically, ancient civilizations in the Amazon used biochar to transform barren soils into fertile agricultural hubs. Known as terra preta, these soils remain productive centuries later, highlighting biochar’s remarkable staying power.

Yet, like comfrey, biochar’s potential is magnified when it’s part of a larger system.

The Synergy: Comfrey and Biochar Together

Resilience turns into anti-fragility when systems go beyond mere survival and start improving under stress. Combining comfrey and biochar achieves exactly that.

1. Nutrient Cycling and Retention
   Comfrey’s leaves, rich in nitrogen, potassium, and phosphorus, make an excellent mulch when cut and dropped onto the soil. However, these nutrients can wash away in heavy rains. Enter biochar. Its porous structure locks in the nutrients from comfrey, preventing runoff and keeping them available for plants. Together, they create a system that not only recycles nutrients but amplifies their effectiveness.

2. Water Management
   Biochar holds onto water and releases it slowly during dry periods. This makes soil not just drought-resistant but actively water-efficient, improving over time with each rain and dry spell.

3. Microbial Ecosystems
   Comfrey enriches soil with organic matter, feeding microbial life. Biochar provides a home for these microbes, protecting them and creating a stable environment for them to multiply. Together, they build a thriving soil ecosystem that becomes more fertile and resilient with each passing season.

Resilient systems can withstand shocks, but anti-fragile systems actively use those shocks to grow stronger. Comfrey and biochar together form an anti-fragile system. Each addition of biochar enhances water and nutrient retention, while comfrey regenerates biomass and enriches the soil. Over time, the system becomes more productive, less dependent on external inputs, and better equipped to handle challenges.

This synergy demonstrates the power of designing systems that don’t just survive—they thrive.

Lessons Beyond the Soil

The partnership of comfrey and biochar offers a valuable lesson for our own lives. Resilience is an admirable trait, but anti-fragility takes us further. By combining complementary strengths and leveraging stress as an opportunity, we can create systems—whether in soil, business, or society—that improve under pressure.

Nature shows us that resilience isn’t the end goal. When we pair resilient tools like comfrey and biochar, we unlock a system that evolves, regenerates, and becomes anti-fragile.

By designing with anti-fragility in mind, we don’t just bounce back, we bounce forward.

originally posted at https://stacker.news/items/802554

@ a012dc82:6458a70d

Table Of Content

• From the Backbench to the Forefront

• Milei's Bitcoin Connection

• The Coinx Controversy

• Argentina's Financial Quagmire

• Conclusion

• FAQ

Well, folks, it seems like the winds of change are blowing in Argentina! In a twist that no one saw coming, Javier Milei, the presidential candidate with a penchant for Bitcoin and libertarian economics, clinched the top spot in Argentina's primary. This victory sent shockwaves throughout the nation. Milei and his gang, the La Libertad Avanza (or "Liberty Advances"), managed to snag a whopping 30% of the votes. They beat the second-place contender, Juntos Por El Cambio, by just under 2%, which is quite the feat!

From the Backbench to the Forefront

La Libertad Avanza, founded just a couple of years ago in 2021, was once the little guy in the political arena. In their first legislative elections, they made waves, becoming the third most-voted coalition in Buenos Aires. But this recent victory? It's monumental! It's like David taking on Goliath and emerging victorious. Milei's rise has certainly turned heads and raised eyebrows in the political sphere, making everyone wonder what's next.

Milei's Bitcoin Connection

Javier Milei is not your run-of-the-mill political candidate. He's carved out a unique niche for himself in the world of politics, largely due to his vocal support for cryptocurrencies, especially Bitcoin. When you tune into talk shows and interviews, you'll often find Milei passionately discussing the potential of digital currencies. He doesn't just see them as another financial instrument; to him, they represent a return to a time when the power of money was firmly rooted in the hands of the people, free from excessive governmental control.

His views on Bitcoin go beyond mere admiration. Milei perceives it as a revolutionary tool, one that can challenge traditional financial systems. He often contrasts the decentralized nature of cryptocurrencies with the centralized control of traditional fiat currencies. In his eyes, Bitcoin and its peers are not just alternatives but superior forms of money. He's even made bold claims, suggesting that in many ways, cryptocurrencies are safer investments than traditional precious metals like gold or silver. This is a significant statement, especially in a country like Argentina, where people have historically turned to gold as a hedge against economic instability.

However, as with any public figure with strong opinions, Milei's crypto enthusiasm has its fair share of critics. While he paints a rosy picture of a crypto-driven future, there are those who question his motives and the feasibility of his vision. The crypto world, as many know, is not without its pitfalls. From volatile market swings to regulatory challenges, the journey to mainstream acceptance is fraught with challenges. And Milei's connection to this world has put him under the microscope, with every statement and action being dissected and debated.

The Coinx Controversy

Rumor has it that Milei promoted a Ponzi scheme called Coinx, which allegedly swindled a cool $800,000 in Argentine pesos. Milei, of course, denies any wrongdoing. He even compared their business model to that of a bank. The only difference? They can offer higher interest rates because they're not tied down by the central bank. But not everyone's buying it. Manuel Ferrari, a big shot in the Bitcoin Argentina NGO, remains wary of Milei. This controversy adds another layer to the complex narrative surrounding Milei's rise.

Argentina's Financial Quagmire

Argentina's economic waters are turbulent, to say the least. With a dizzying inflation rate of 135% this year, the peso's value is plummeting, causing widespread distress. Amidst this chaos, many are pinning their hopes on Javier Milei, a figure who has emerged with a pro-Bitcoin stance that's causing quite the stir. Drawing parallels with El Salvador's audacious move to adopt Bitcoin, there's a buzz about whether Argentina might follow suit. But is Milei the savior Argentina has been waiting for? While his support for cryptocurrencies offers a glimmer of hope to some, it also brings with it skepticism and apprehension. The world of crypto, though promising, is still uncharted territory, especially for an economy as volatile as Argentina's.

As debates rage on, it's evident that Argentina stands at a crucial financial juncture. Milei's advocacy for Bitcoin and other cryptocurrencies suggests a potential shift in the country's financial paradigm. But diving into the crypto realm isn't without its risks, and there's a looming question: Are we witnessing the dawn of a new financial era for Argentina, or is it just a leap from the frying pan into the fire? The nation watches with bated breath, waiting to see the path Milei might pave.

Conclusion

Only time will truly reveal the impact of Milei's influence on Argentina's financial future. It's a waiting game now, folks. But if there's one thing we can bank on, it's that with Milei stirring the pot, Argentina's economic and financial landscape is poised for some dramatic shifts. The rollercoaster has just begun, so everyone better buckle up and brace themselves. Keep your eyes peeled and ears to the ground, because the upcoming months promise a whirlwind of changes, debates, and transformations for Argentina. The nation stands at a pivotal juncture, and the world watches with bated breath.

FAQ

Who is Javier Milei? Javier Milei is a presidential candidate in Argentina known for his support of Bitcoin and libertarian economics.

What is La Libertad Avanza? La Libertad Avanza, translated as "Liberty Advances," is the political coalition led by Javier Milei.

How did Milei fare in the recent primaries? Milei clinched the top spot in Argentina's primary, securing over 30% of the votes.

What is the Coinx controversy? Coinx is an alleged Ponzi scheme that Milei is rumored to have promoted. However, Milei denies any wrongdoing.

What is Milei's stance on Bitcoin? Milei is a strong advocate for Bitcoin, viewing it as a return to private sector-controlled money and a safer alternative to traditional assets like gold or silver.

That's all for today

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*DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. *

@ 000002de:c05780a7

Much has been written about SoV vs. MoE. I'm not trying to re-hash it here. But as bitcoin's exchange price in US dollars has cracked 100k the investment Slack channel at work started talking about bitcoin.

A long while back I started a bitcoin only channel and we have been growing slowly but with this new discussion we've had kind of a spike in new people. I'm answering a lot of basic questions but something occurred to me this morning. I see a pattern repeating.

I will start by trying to roughly group people.

The Crypto People

The crypto people are usually talking about all the limitations bitcoin has and largely ignoring the reasons, tradeoffs, and benefits. Most of their "arguments" come from ignorance. One thing they don't really say but is implied is that bitcoin will never work as a medium of exchange. Of course, they usually have never heard of Lightning let alone used any of the tech being developed. I rarely hear any of these types of people talk about SoV. They realize that bitcoin is a great store of value. The other thing they talk about of course are those 10x gains.

Minor side note. I have a friend that's into XRP who told me a few weeks ago that bitcoin won't 10x again. I have a reminder set to remind him of what he said in 5 years.

The No Coiners

I've been seeing many questions around bitcoin's adoption and utility as a medium of exchange from the no-coiners in Slack. I assume they are no-coiners based on their questions. They may have "bought" some bitcoin on some service but they are at least new and are clearly not "crypto" people. They also seem to have latched on to this idea that bitcoin is only good for investment. They don't really believe in the SoV but that is really the only thing they are even thinking bitcoin might have going for it. They seem to think of it like a stock. Obviously it would never be a currency. I've pushed back on these thoughts with my own experience with bitcoin and had positive responses.

You see, what both of these types of people think is that bitcoin can't work as a currency. As a medium of exchange. Its not just that they don't think it will be widely adopted as an investment property.

The Vanguard

This is the group you and I fall into. I consider most SN people to be a part of a group I think of as the Vanguard of bitcoin. Some are earlier adopters than others. None of us are late. We believe there is a real need for bitcoin. We are people that have long looked at the world and wondered what was wrong on a very deep level. We have varied political views and ideas about how things should be but we all have deep conviction about bitcoin being a key aspect of making a better future. We are in it for the long term. Its not primarily a way to get rich. Its not about investing. Its about a better world.

We are very different from the average person out there. Some of you might not yet realize this because you are young. You might actually think you are just smarter or special. Of course you are probably smart. Probably smarter than myself but its deeper. You are very different from the average person. If you're like me you will realize that you think about thing most of the people around you do not think about. You think in different ways as well. You question many things others take for granted. I'm not trying to say you are better than others or they are better than you. We are different. We all have value and a role to play in society.

My Thoughts on MoE

A medium of exchange is something widely acceptable in exchange for goods and services. The vanguard will often claim that bitcoin is a medium of exchange. That's true and not true. It can function as one. It is a medium of exchange in certain subcultures but in reality one can't directly exchange it for most goods and services today. Not because the tech doesn't support it but rather because the masses have not adopted it. They don't even understand that it can be used as a MoE.

In case this isn't clear let me explain with an example. Sea shells are not a medium of exchange. No one to my knowledge is using them for this today. I have read that they have been used as currency in the past in certain places. Cigarettes are not a medium of exchange... unless you are in prison. In prisons cigarettes do often function as a medium of exchange in place of fiat paper.

This is what I mean.

1. Bitcoin can function as a medium of exchange today
2. Bitcoin does function as a medium of exchange today in smaller markets or subcultures just like other things(cigarettes)
3. Bitcoin is not a medium of exchange like the US dollar... yet

So, of these three which is least important? The last one.

We all know what bitcoin is and can do. I would argue 99.9% of humans don't even understand bitcoin's value. But, they wonder about MoE. That's the right instinct. I believe outside of the supply cap the ability to transact without a third party is the most important thing bitcoin offers. Without it the supply cap is pretty meaningless. But how do we get there? How do we get to a society where bitcoin is a widely accepted form of payment and exchange?

My View

I say my view because its what I believe. Many have stated this before. Bitcoin in my view will first be seen by most of the world as a good SoV before it will become a MoE. It seems so obvious to me. Granted there are and will be places where MoE is more important or at least equally important but I'm referring to societies where wealth is concentrated.

The people in wealthy nations don't really yet see the need for a new MoE. They do see the need for a place to store their financial energy. But even this SoV aspect isn't widely accepted yet. We haven't even made it that far yet. Kinda mind blowing when you look at the exchange rate today isn't it?

As a significant number of people(who knows what number that is) have bitcoin and value it for its savings properties then they will be more open to its other uses. Right now you have a chicken egg problem. People would not accept something they don't value or understand. People would not spend something they do not have or few accept.

This is why I think it is SO DUMB to argue about SoV vs MoE. Bitcoin can be both. It needs to be both and it will be both. We should be working as members of the vanguard in making sure the ecosystem is ready. Making sure we know the answers to questions. Have written documents. Have produced guides. Have used the tools. Know which ones will work for the people we know.

IMO we still have a long way to go before the average person will "adopt" bitcoin.

I do think there is a intentional attempt to pigeonhole bitcoin as only a SoV. There are a few different reasons for this.

• Shitcoiners know they can't compete on SoV but think they can compete on other things
• Statists don't want to lose fiat control over society. SoV seems to be less of a threat to their power.
• Bitcoiners that run public companies don't want a target on their heads so they downplay bitcoin as currency(Mike Saylor)
• Deep state wants to make bitcoin into just another asset like gold. Paper bitcoiners. Something they can regulate. Its largely a psyop vs. direct attack.

Just realize these are not all the same people and some have different motivations.

Action Steps

Don't be reactionary. Don't get sucked into the wrong arguments. It is easy to do. We all fall into this sometimes but try not to. Focus on these things.

• Bitcoin can be the currency of the world. It will work. We don't need another crypto
• No coiners are not like you. They are almost always believers in the state. They may have more in common with you but they likely aren't ideological about money
• Focus on removing mental blocks. The troupes
• Don't push. Ask questions and answer questions.
• Don't preach to much. You start sounding like a nut or a scammer.

These are my thoughts. I'm still learning and observing.

originally posted at https://stacker.news/items/802472

@ 5d4b6c8d:8a1c1ee3

To preview the mediocre NFC West showdown between the Rams and 49ers, we're going to have @realBitcoinDog join as our first ever guest.

I'm sure we'll talk about the NBA Emirates Cup Survivor Pool, as well as getting his impressions of Stacker News and ~Stacker_Sports.

Let us know what you'd like to get out of our first ménage à trois.

originally posted at https://stacker.news/items/802364

@ 349d6b82:12b2a5b1

Утром 11 декабря произошло необычное событие, которое привлекло внимание местных жителей и нашу редакцию. 32-летний местный житель Серова Петр Дибонеев, который стал свидетелем и участником спасательной операции на реке Тура.

По словам спасателя - Утром, во время пробежки вдоль реки, Петр заметил, что человек тонет. Не раздумывая, он бросился в воду и смог вытащить утопающего, который оказался 25-летним студентом - Николай Астрахонский - из соседнего города - Нижний Тагил. Благодаря быстрой реакции Петра, пострадавший был спасен и доставлен в больницу с легкими переохлаждениями.

"Когда я увидел человека, который тонет, у меня не было времени на раздумья. Я просто инстинктивно бросился в воду. В такие моменты ты не думаешь о себе, а лишь о том, как помочь другому. Я рад, что смог спасти его и что он сейчас в безопасности. Это не только моя заслуга — я уверен, что каждый из нас готов прийти на помощь в трудную минуту" - высказался по этому поводу Петр Дибонеев.

Это событие вызвало широкий резонанс в городе. Местные жители организовали акцию благодарности Петру, где он получил грамоту от администрации города за мужество и самоотверженность. А в социальных сетях начали распространяться посты с хештегом #ГеройСерова, где люди делятся своими историями о смелых поступках.

И также мэр города, Ольга Петрова, отметила: "Петр — настоящий герой. Его поступок вдохновляет нас всех. Мы должны помнить о важности взаимопомощи и поддержки друг друга в трудные времена".

Такие события напоминает нам о том, что каждый из нас может стать героем в нужный момент. Петр Дибонеев стал символом мужества и готовности прийти на помощь, что должно вдохновлять на добрые дела и активное участие в жизни сообщества.

@ c3f12a9a:06c21301

Dear friends,

The European Union is at a crossroads, and the stakes could not be higher. A new proposal threatens to undermine one of our most fundamental rights—our privacy. This initiative, called "Chat Control," would require the scanning of private messages and emails across Europe, even in services that are end-to-end encrypted. If this passes, our ability to communicate freely and securely in the digital world will be a thing of the past.

This is not just a theoretical issue—it’s happening now. The Council Presidency is pushing the proposal forward, with discussions planned for December 6, 2024. It’s crucial that we act now to protect our rights and freedoms before it’s too late.

As a united community, we’ve already proven what we can achieve. In the Czech Republic, we recently secured a Bitcoin tax exemption by working together and pressuring our politicians with constructive requests. If we mobilize on a European scale, we have a chance to stop this dangerous proposal in its tracks.

Let’s join forces, write to our representatives, and let them know that we won’t stand for mass surveillance. Let’s also spread the word to those around us—our friends, families, and networks. Together, we can make a difference.

—

Situation Summary: The European Union is considering a proposal to mandate the scanning of all private messages and emails to combat child sexual exploitation material (CSEM). This initiative, known as "Chat Control," would apply even to end-to-end encrypted services, effectively ending digital privacy.

The proposal also includes measures such as network blocking, scanning personal cloud storage, mandatory age verification, and app store censorship, potentially excluding minors from the digital world.

Despite significant opposition from citizens, experts, and some Members of the European Parliament, the proposal is moving forward, with the last discussion few days ago at December 6, 2024. Critics argue that this constitutes mass surveillance and severely undermines fundamental rights.

Thank you for standing up for privacy and freedom. Wondrej

source- https://www.patrick-breyer.de/en/posts/chat-control/ https://www.seznamzpravy.cz/clanek/domaci-politika-eu-chce-povinnou-kontrolu-chatu-265958

originally posted at https://stacker.news/items/802048

@ 79d783e8:3b888a6d

The "Netflix Hypothesis" is a name which is intended to illustrate one of the simple mechanisms through which our attention spans have been reduced, our anxiety spiked and our wallets drained. I cannot take full credit for the name, and will give due credit to my close friend in the book surrounding this topic which I am busy working on.

The purpose of this read is to pose that inflation itself has had a profoundly negative impact on the nature of society and our brains. It differs from the general narrative, because yes it touches on inflation's impact on our time preference, but it also discusses the global phenomenon of "Brain-rot" affecting not only my generation, but all of those alive today.

Although the name suggests it, this essay is not focused specifically on Netflix, but rather most of the highly successful companies that operate and thrive today in an inflationary environment. I also would like to add that I am not explicitly and corporatist; I am a staunch anarcho-capitalist. I have contempt for the effects for what these companies have done over the past four decades, however, I view this more from the perspective that they were doing what they could to be successful in an inflationary environment, caused by the US, and other governments globally.

If you have a melting ice cube, would you continue holding it, or rather put it to use to cool down your drink? As, I can assume that the majority of those that will read this are already Bitcoiners, I don't particularly need to explain inflation, but I use the ice cube analogy to highlight the change in time preference. We are more likely to spend our money immediately, rather than saving it and putting it to better use later (hence why I love the term "cold storage" to refer to certain bitcoin wallets).

This phenomenon of spending, rather than saving, means that our natural endless consumption cycle accelerates. In order for companies to be successful in an environment like that benefit from producing cheap, quick and easy solutions as places where we can shove our money. Netflix is one such example, in that the TV industry once produced pilot episodes to gauge interest in any series, but Netflix began the trend of paying to produce a whole season at once, releasing the whole season immediately, instead of taking time with production and staggering the release to one episode per week. This means that the viewer is a lot more likely to watch an entire show in one, or two sittings, regardless of whether it is high quality or not; if they didn't do this, most viewer would likely forget about most of the shows that Netflix pumps out, because frankly most of them are mildly entertaining at best.

The same phenomenon is observed in the fashion industry, with the bulk of the world's population today wearing fast fashion clothing made from low-grade materials in third-world nations under near slave-labour conditions. Companies like Stein, H&M, Cotton:on, Zara and the like, produce clothes that you might wear only once, or at best for a year before they begin to fall apart. This is contrasted to the trades of tailors, seamstresses, cobblers and the like, who would once produce high quality garb which would last for years, and provide mending services in case of damage. Fast fashion has by now been discussed at length by many people, but no campaigns to end it have borne any fruit - because simply, it's fast, easy and convenient.

@ 2063cd79:57bd1320

Eines der interessantesten Themen im immer mehr Facetten umfassenden Bitcoin-Bereich ist und bleibt das Mining. Erst diese Woche wurde wieder ein neues ATH erreicht und die Nachrichten der letzten paar Wochen zeigen, dass es immer noch ein Bereich ist, der sich nach wie vor neu erfindet und stets im Wandel ist. Besonders die Formierung neuer immer größer werdender Mining-Pools, die damit einhergehenden Überlegungen rund um Stratum V2, aber auch die ständige Veränderung der grossen, an Börsen gelisteten Minern sind immer wieder Gesprächsthemen und erzeugen viele Nachrichten. Bevor wir uns diese letzten Neuigkeiten anschauen, ist es jedoch einmal wert, einen Schritt zurückzutreten und sich genau zu vergegenwärtigen, was Miner eigentlich tun - also wie der Mining-Prozess abläuft.

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Die Mining-Lotterie

Die meisten Menschen missverstehen oder verstehen nicht ganz, was Bitcoin-Miner tatsächlich tun, um neue Blocks zu produzieren. Es wird hauptsächlich über den hohen Energieaufwand gesprochen, was dazu führt, dass fälschlicherweise angenommen wird, dass die gesamte aufgebrachte Energie in jeden neu produzierten Block fließt. Die Analogie zum herkömmlichen Bergbau, oder Goldschürfen, trägt teilweise zur Verwirrung bei. Denn beim Bergbau arbeiten viele Maschinen gleichzeitig daran, wertvolle Stoffe aus der Erde zu ziehen, dabei können parallel weltweit Edelmetalle geborgen werden und viele Faktoren spielen dabei eine Rolle, wie erfolgreich in Bergbau-Unternehmen arbeitet (z.B. Menge des Equipments, die in der Lokalität vorhandene Menge an wertvollen Stoffen, usw.). Beim Bitcoin-Mining ist dies nicht ganz der Fall.

Denn einfach ausgedrückt ist Mining eine Lotterie, um neue Blöcke in der Bitcoin-Blockchain zu erstellen. Dabei ergeben sich zwei Effekte: 1) Jeder neue Block fügt Transaktionen der Blockchain hinzu und sichert damit zusätzlich vorherige Blöcke und die darin enthaltenen Transaktionen ab (sichert also das gesamte Netzwerk ab). 2) Erhalten erfolgreiche Miner eine Belohnung (den Blockreward) für die getane Arbeit und für die aufgewendeten realen Ressourcen (z. B. Strom, Hardware, OpEx). Aber was ist genau mit Lotteriesystem gemeint?

Man stelle sich vor, dass alle Miner im Bitcoin-Netzwerk das gleiche Lotto spielen. Doch in unserem Lottospiel werden die 6 richtigen Zahlen nicht am Ende gezogen, sondern sind am Anfang jeder Runde gesetzt (es gibt keine Möglichkeit zu schummeln, denn es gibt niemanden, von dem man die richtigen Zahlen erhalten kann, bis sie gefunden wurden). Alle Lotto-Teilnehmer setzen sich also hin und fangen an, so schnell wie nur eben möglich Lottoscheine auszufüllen, denn es geht darum, die richtigen 6 Zahlen für die jeweilige Runde als erstes zu finden. Derjenige Spieler, der am schnellsten Scheine ausfüllen kann, hat höhere Chancen, die richtigen Zahlen auch als erstes zu erraten. Sobald ein Spieler die richtigen 6 Zahlen hat, ist die Runde sofort beendet und alle Mitspieler können sich den Gewinner-Schein ansehen und mit den veröffentlichten 6 Zahlen vergleichen, um damit zu validieren, dass der Gewinner auch tatsächlich übereinstimmende Zahlen hat. Der Gewinner bekommt den Jackpot und die nächste Runde beginnt. Einziger Unterschied ist, dass man sich mit dem Jackpot keine Kartbahn in den Garten bauen kann.

Da dieses Lottospiel sich immer größerer Beliebtheit erfreut kommen immer mehr interessierte Spieler hinzu, aber auch die existierenden Spieler fangen an, Freunde dazuzuholen, die ihnen helfen sollen, noch schneller Lottoscheine auszufüllen. Durch die steigende Anzahl an Spielern würde jede Runde schneller vorbei sein, da ja viel mehr Spieler gleichzeitig Scheine ausfüllen und damit die Wahrscheinlichkeit steigt, dass die 6 Richtigen schneller gefunden werden. Da die Lotterie nur eine begrenzte Menge von Kapital zur Ausschüttung als Jackpots bereithält, muss sie das Spiel so anpassen, dass die Runden möglichst gleich lang dauern.

Dazu wird jede Runde die Schwierigkeit erhöht. Mussten die ersten Spieler nur 6 Richtige aus einer Zahlenreihe von z.B. 49 Felden erraten, wird die Anzahl der möglichen Zahlen erhöht, sodass eine Runde im Durchschnitt immer 10 Minuten dauert. Verlassen Spieler die Runde, wird die Zahl der möglichen Felder genauso wieder reduziert. Im Bitcoin-Netzwerk wird die stetige Ausschüttung von neuen bitcoins genauso reguliert. Damit im Durchschnitt alle 10 Minuten ein neuer Block produziert wird, müssen alle 2016 Blöcke (ca. alle 2 Wochen) die Schwierigkeit angepasst werden, um die Blockzeit bei 10 Minuten zu halten. Treten innerhalb dieses Zeitraums von ca. 2 Wochen mehr Miner dem Netzwerk bei, steigt die Hashrate und infolgedessen muss die Schwierigkeit angepasst werden.

Alle Miner im Netzwerk verwenden ASIC (Mining-Equipment, oder Rigs) - spezialisierte Computer, die nur darauf ausgelegt sind, Hashes so schnell wie möglich zu berechnen. Einen Hash berechnen bedeutet, eine zufällige Eingabe in eine mathematische Funktion einzufügen und eine Ausgabe zu erzeugen. Technisch bedeutet dies, dass ein Block von Transaktionen erstellt wird und in eine SHA256-Hash-Funktion eingegeben wird. Wenn die Ausgabe mit der "Gewinnerzahl" übereinstimmt, hat der Miner gewonnen und kann den neuen Block in die Blockchain schreiben und kann seinem Block das Preisgeld (die Subsidy) hinzufügen, die an den Miner ausgezahlt wird. Dann beginnt die nächste Runde.

Mehr Hashes pro Sekunde entsprechen mehr ausgefüllten Lottoscheinen pro Sekunde und damit einer größeren Erfolgswahrscheinlichkeit. Beim Hashing (mehr dazu ⬇️) wird immer eine Ausgabe mit einer festen Größe erstellt (in unserem Beispiel 6 Zahlen), die als Hash bezeichnet wird. Entgegen der landläufigen Meinung handelt es sich hierbei nicht um komplexe Mathematik, sondern nur um eine sehr schnelle Wiederholung der immer gleichen Berechnung mit neuen Eingaben, bis das erhoffte Ergebnis gefunden wird.

ASICs sind darauf ausgelegt, diese eine Berechnung (die SHA256-Hash-Funktion) so schnell und effizient wie möglich zu erledigen, und nicht um komplizierte Rechenaufgaben oder mathematische Probleme zu lösen. Es geht dabei einzig und allein um Schnelligkeit.

Anders als beim analogen Bergbau können verschiedene Teilnehmer also nicht parallel wertvolle Stoffe erwirtschaften, sondern pro Spiel immer nur einer. Der Gewinner bekommt alles und alle anderen Teilnehmer haben ihre aufgewendete Arbeit "umsonst" getan, das heißt wie beim herkömmlichen Lotto haben sie nur für die Teilnahme an der Runde bezahlt (in Form von Rechenleistung, Strom, usw.), bekommen aber vom Gewinn nichts ab. Der Anreiz besteht also darin, bei der nächsten Runde mehr Glück zu haben und die Wahrscheinlichkeit eines Gewinnes zu erhöhen.

In jeder anderen Branche schwankt das Angebot je nach Nachfrage. Wenn die Nachfrage nach einem wertvollen Stoff steigt, werden die Teilnehmer die Produktion entsprechend der Nachfrage erhöhen. Das bedeutet, mehr Equipment wird hinzugefügt, um schneller mehr des Produkts zu erwirtschaften. Bei Bitcoin ist das Angebot im Code festgelegt (neue bitcoins alle 10 Minuten) und kann sich auch bei steigender Nachfrage nicht ändern.

Aufgrund seiner genehmigungsfreien Natur ist es jedem gestattet, von überall auf der Welt Bitcoin zu produzieren, also an der Lotterie teilzunehmen. Die Lotterie schließt niemanden aus - einzig und allein Staaten oder andere Gerichtsbarkeiten können ihren Bürgern (versuchen zu) verbieten, an der Lotterie teilzunehmen. Dies führt dazu, dass sich Bitcoin-Miner überall auf der Welt ansiedeln, wo es für sie am wirtschaftlichsten ist am Netzwerk zu partizipieren (stabile und günstige Energieversorgung, rechtlich abgesicherte Eigentumsrechte, keine Verbote, usw.).

Gerade die ersten beiden Punkte (Energie und Eigentumsrechte) führen dazu, dass sich Bitcoin-Mining in Staaten wie den USA, Kanada oder Kazakhstan besonders konzentriert und in Ländern wie China oder Russland (durch Mining-Verbote) abnimmt - so in der Theorie. Denn heute stammen angenommen immer noch ca. 20% und 5% der weltweiten Hashrate aus China und Russland. Theorien dafür gibt es viele und besonders die letzten - fast unverhältnismäßigen - Anstiege der Hashrate führen zu vielen Spekulationen darüber, dass der russische Staat insgeheim seine eigene Mining-Infrastruktur ausbaut.

Hashing vs. kryptografische Verschlüsselung

Das Bitcoin-Netzwerk bedient sich vieler verschiedener Elemente, um die verschiedenen Eigenschaften oder Funktionen zu bedienen. Oft wird dabei das Hashing (z.B. verwendet beim Mining-Prozess und der Erstellung von Adressen) mit kryptografischer Verschlüsselung / Encryption (z.B. beim Erstellen von Keys) verwechselt oder in einen Topf geworfen.

Hashing: Das Hashing ist eine bestimmte Form der Kryptografie. Beim Hashing wird eine Eingabe (eine beliebig lange Datenkette) zu einer festen Ausgabegröße transformiert. Die Eingabe kann alles sein, z.B. viele Namen aneinandergereiht, oder jeder Straßenname irgendeiner Stadt aneinandergereiht, usw., es kann ziemlich alles sein, was man sich vorstellen kann und in Form einer Folge von Zeichen dargestellt werden kann. Der Hashing-Algorithmus funktioniert im Wesentlichen als Einbahnstraße, die die Eingabe in eine feste Folge von Buchstaben und Zahlen umwandelt.

Ein bekannter Anwendungsfall für diese Art von Algorithmus ist die Passwort-Speicherung auf Webseiten. Wenn Benutzer ein Passwort anlegen, errechnet der Computer automatisch einen Hash, welcher hinterlegt und beim Einloggen abgefragt wird. So werden bei einem Hack der Webseite nur nicht rückgängig zu machende Hashes der Passwörter gestohlen.

Kryptografische Verschlüsselung: Bei der kryptografischen Verschlüsselung handelt es sich auch um eine Form der Kryptografie, doch anders als beim Hashing, handelt es sich hier um einen bidirektionalen Algorithmus, also eine Zweirichtungsstraße. Das bedeutet schlicht, dass der Algorithmus eine Eingabe verschlüsselt, die verschlüsselte Ausgabe mit dem passenden Schlüssel jedoch wieder entschlüsselt werden kann. Somit kann der Besitzer des Schlüssels herausfinden, was die ursprüngliche Eingabenachricht war.

Ein bekannter Anwendungsfall für diese Art von Algorithmus ist die Ende-zu-Ende-Verschlüsselung bei verschiedenen Messenger-Diensten. Nachrichten werden verschlüsselt versendet und nur der Empfänger hat den nötigen Schlüssel, um die Nachricht wieder zu öffnen. Das passiert bei den Messenger-Diensten ganz automatisch, ohne dass ein Nutzer mit den Schlüsseln herumhantieren muss.

💡Dieser Unterschied ist ganz wichtig: Beim Hashing ist es unmöglich Anhand der Ausgabe die ursprüngliche Eingabe durch eine Rücktransformation zu erhalten. Man kann nur Daten eingeben und erhält dann eine feste Ausgabe. Verwendet man den selben Algorithmus bei der gleichen Eingabe erhält man immer eine identische Ausgabe.

Hashing beim Mining: Hashing ist im Wesentlichen die Art und Weise von Bitcoin, das gesamte Netzwerk zu koordinieren, um einen bestimmten Hash zu finden, der eine bestimmte vom System festgelegte Schwierigkeit erfüllt. Diese Schwierigkeit stellt sicher, dass egal ob die Hälfte der Miner im Laufe des nächsten Jahres verschwindet, oder ob sich die Anzahl der Miner im Laufe des nächsten Jahres verdreifacht, im Durchschnitt dafür Sorge getragen wird, dass das Bitcoin-Netzwerk immer ziemlich stabil ist und weiterhin etwa alle 10 Minuten ein neuer Transaktionsblock erscheint.

Es ist also essentiell, den Unterschied zwischen Verschlüsselung und Hashing zu verstehen und mit dem Mythos aufzuräumen, dass Mining "komplizierte, mathematische Probleme" löst. Ein weiterer viel verbreiteter Mythos ist, dass der Energieverbrauch zunehmen wird, je mehr Nutzer//innen Bitcoin Transaktionen ausführen. Es braucht nämlich nicht mehr Miner, um mehr Transaktionen zu verarbeiten. Die Anzahl der Transaktionen ist begrenzt durch die Blockgröße und die Anpassung der Schwierigkeit, die dafür sorgt, dass Blocks alle 10 Minuten produziert werden. Dies ist der Fall, wenn es auf der Welt nur noch einen einzigen Miner gäbe, genauso wie dies der Fall ist, wenn sich die Mining-Hashrate verhundertfacht. Eine Erweiterung der Gesamt-Hashrate führt allerdings zu einer höheren Sicherheit des Netzwerks, da ein potentieller Angriff auf das Netzwerk nur funktionieren kann, wenn der Angreifer mehr als 51% der gesamten Hashrate auf sich vereinigt.

🫳🎤

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In diesem Sinne, 2... 1... Risiko!‌

@ 2063cd79:57bd1320

Eine hitzige Debatte wird momentan in der Bitcoin-Welt über NFTs (sagen die einen) bzw. unnötigen Datenmüll (sagen die anderen) auf der Bitcoin-Blockchain geführt. Anlass zur Debatte hat ein von Casey Rodarmor entwickeltes System gegeben, das es ermöglicht mit Hilfe seines speziell dafür entwickelten Protokolls jedem Satoshi (Sat) eine einzigartige Folgenummer (Ordinal) zuzuweisen und somit nachverfolgbar zu machen. Dies erlaubt dann das Schreiben von Dateien direkt in die Witness Sektion eines Blocks, also direkt in die Blockchain, eine sogenannte Inscription. Das Thema erhitzt die Gemüter, jeder hat eine Meinung dazu und entweder ist man im Lager der Supporter oder der Gegner. Oder man hat schon beim Lesen dieser Einleitung nicht ein Wort verstanden. Für diese Gruppe soll diese Übersicht funktionieren, in der die Funktionsweise von Ordinals und Inscriptions erklärt wird und was die Pro- und Kontra-Argumente der jeweiligen Lager sind.

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Daten in die Bitcoin-Blockchain zu schreiben, die nicht direkt etwas mit der Funktionsweise des Systems zu tun haben, ist nichts Neues. Es gibt seit jeher verschiedene Möglichkeiten Nachrichten, Dateien oder andere Informationen in Blocks zu packen. Sogar der Genesis Block enthält die Nachricht "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" in der Coinbase,

das Whitepaper von Satoshi Nakamoto wurde bereits 2013 in Block 230009 verewigt,

OP_Returns ermöglichen das Schreiben kurzer (80 Zeichen) Nachrichten,

und auch Protokolle, die auf Bitcoin laufen, wie z.B. Counterparty und u.a. den Handel mit Rare Pepes ermöglichen, existieren bereits seit 2014. Dennoch scheint etwas an der neuen, von Casey Rodarmor vorgestellten Methode anders zu sein, dass es die Gemüter so sehr erhitzt. Das Konzept ist ein zweigeteiltes, zunächst wird eine Theorie, oder Konvention, beschlossen, der zufolge jeder Sat in der Blockchain einzigartig und nachverfolgbar wird. Damit werden die einzelnen Sats im weitesten Sinne schon zu NFTs. Darüber hinaus ermöglicht diese Konvention das Verschmelzen dieser einzigartigen Sats mit hochgeladenen Daten. Denn - um beim obigen Beispiel des Whitepapers zu bleiben - ist die hochgeladene PDF Datei für immer in Block 230009 festgeschrieben, aber sie gehört niemandem, denn ein Block gehört niemandem per se, ein Block ist ein öffentliches Register aller stattgefundenen Transaktionen zu dieser Blockzeit. Indem man Dateien mit Sats verbindet, lassen sich diese verschicken und handeln, denn Sats haben (der Ordinal Theory zufolge) immer eine/n Besitzer//in.

Doch um besser verstehen zu können, wie dieses neue Protokoll funktioniert, muss man sich wie immer ein paar verschiedene Konzepte annehmen. Wir brechen diese erstmal der Reihe nach auf.

SegWit (Segregated Witness)

Bevor wir uns mit Ordinals und Inscriptions beschäftigen machen wir einen kurzen historischen und technischen Ausflug, denn Inscriptions wären ohne SegWit nicht möglich. Deshalb lohnt es sich besser zu verstehen, was man unter diesem Transaktionsformat versteht.

SegWit wurde 2017 erdacht, um in erster Linie zwei existierende Probleme zu lösen: 1) Transaction Malleability und 2) die Effizienz von Blöcken zu erhöhen. Bis dato hatten Blöcke eine effektive maximal Größe von 1MB und bestanden aus dem sogenannten Header (Basisdaten: Signaturen und Skripte) und den Transaktionsdaten (Inputs und Outputs). Diese Headerdaten (auch Witness-Daten genannt) nahmen einen Großteil der zur Verfügung stehenden Größe ein, was zu ineffizienten und oftmals mit hohen Transaktionsgebühren versehenen Blöcken führte. Mit Hilfe des SegWit Protokolls konnte eine Skalierung von Bitcoin erreicht werden, ohne die offizielle in den Code geschriebene Blockgröße von 1MB zu verändern. Dazu kommt, dass diese Lösung keinen Hard-Fork benötigte und ganz nebenbei (aber offiziell in erster Linie) auch das Problem der Malleability löste. Ohne auf die Details von Hard- und Soft-Forks einzugehen, ist dies ein wichtiges Detail, denn 2017 tobten die sogenannten Blocksize-Wars und führten schließlich zur Abspaltung von Bitcoin Cash und seinen 8MB-Blöcken.

SegWit wurde im Juli 2017 mit Block 477120 aktiviert. Wie der Name Segregated Witness schon impliziert, werden die Witness-Daten (Signaturen und Skripte) getrennt und in einer separate Datenstruktur (Witness Merkle Tree) geführt, sodass der Hauptteil des Blocks weniger Basisinformationen enthält und somit mehr Platz für Transaktionsinformationen lässt, Blöcke also effizienter macht und damit Gebühren niedriger hält. Der Zaubertrick dabei ist, dass es immer noch derselbe Block ist, allerdings mit zwei Sätzen von Datenstrukturen (Transaktionsabschnitt und Basisinformationsabschnitt), und somit den Protokollregeln entspricht und eine Blockgröße von 1MB eigentlich nicht überschreitet. Dieser mathematische Kniff führt dazu, dass für die Einführung kein Hard-Fork benötigt wurde (nur einen Soft-Fork), was eine Abwärtskompatibilität gewährleistet und somit auch Adressen und Wallets, die unter dem Legacy-System arbeiten ohne Probleme funktionieren. Der mathematische Kniff hat allerdings eine seltsame Neuerung zur Folge, denn Blöcke werden seitdem in Gewicht statt Größe gemessen.

Ein voller Block von ca. 1MB Größe und 4 Millionen WU Gewicht

Bitcoin hat nun also eine sogenannte Blockgrößengrenze (1MB) und eine Blockgewichtsgrenze (4 Millionen Gewichtseinheiten (WU), was ca. 4MB entspricht). Darüber hinaus wurden mit dem SegWit-Soft-Fork die heute gängigen bc1-Adressen (im Gegensatz zu den alten 1- und 3-Adressen) eingeführt.

Ein weiterer Nebeneffekt, neben der Reduzierung der Gebühren durch Kapazitätsverbesserung und Lösung der Transaktionsformbarkeit (Malleability), ist dass Layer-2-Lösungen, wie unter anderem Lightning, ermöglicht wurden, da Zahlungskanäle davon abhängen, dass unverformbare Transaktionen bestehen. Für die Skalierbarkeit und Dezentralisierung von Bitcoin hat die relativ kleine Blockgröße den Vorteil, dass der Betrieb von privaten Nodes erleichtert wird.

Taproot

Mit dem Wissen über SegWit müssen wir uns auch kurz mit Taproot beschäftigen, einem weiteren Soft-Fork, das mit Block 709632 im November 2021 aktiviert wurde. Taproot hat viele Neuerungen mit sich gebracht, die es hier zu besprechen den Rahmen sprengen würde, doch wichtig ist, dass Ordinals das Input-Feld von Taproot-Transaktionen nutzen, das seit dem SegWit Update getrennt wurde. Auch wichtig ist, dass es seit Taproot keine Regel gibt, die die Größe von Inputs begrenzt und damit Daten beliebig viel Platz (bis zur Blockgrößenbegrenzung von 4MB) beanspruchen können. Dies ermöglicht im Endeffekt die Öffnung des Protokolls zur Verwendung von Skripten, wie bei Ordinals geschehen und somit das Hochladen von großen Dateien, die die volle Blockgröße einnehmen können.

Ordinals

Das Protokoll besteht aus zwei Konzepten. Auf der einen Seite Ordinals (engl. Ordnungszahlen) und auf der anderen Seite Inscriptions (engl. Inschriften). Ordinals an sich funktionieren losgelöst von Inscriptions, Inscriptions benötigen aber Ordinals, um zu funktionieren. Man könnte also von einer Pfadabhängigkeit bei Inscriptions sprechen.

💡Pfadabhängigkeit: Bei pfadabhängigen Vorgängen bauen die einzelnen Prozesse auf einander auf und das Resultat ist davon abhängig, welche Reihenfolge gewählt wird. Einfaches Beispiel: Ein Bad nehmen (Prozess 1) und dann mit dem Handtuch abtrocknen (Prozess 2) führt zu einem komoplett anderen Ergebnis, als sich mit dem Handtuch abzutrocknen und dann ein Bad zu nehmen.

Ordinals können also unabhängig von Inscriptions verstanden werden. Es handelt sich dabei um eine vom Programmierer erfundene Konvention, einzelne Sats durchzumummerieren.

“Satoshis are numbered in the order in which they’re mined, and transferred from transaction inputs to transaction outputs in first-in-first-out order.” - Casey Rodarmor

Das Prinzip ist dabei recht einfach: Es wird angenommen, dass jeder bitcoin aus 100.000.000 Sats besteht und damit Sats durchgezählt werden können. Die Sats werden mit dem Genesis Block (Block 0) beginnend in der Reihenfolge, in der sie produziert wurden, nach dem FIFO-Prinzip (First in first out) durchgezählt und markiert. Der erste jemals produzierte Block (Genesis Block) enthielt 50 bitcoins und damit 5.000.000.000 Sats. So lassen sich die Sats durchzählen: der erste Sat ist #0, der zweite hat die Ordnungszahl #1 und der letzte Sat dieses ersten Blocks hat die Ordnungszahl 4.999.999.999.

Um dies umzusetzen wurde ein spezieller Block Explorer geschrieben, der dieser Konvention folgt und den jeweiligen Sats einen "Namen" zuweist, um diese leichter nachverfolgen zu können. So lässt sich so tun (!), als ob sich einzelne Sats von UTXO zu UTXO bewegen würden. Um UTXOs besser verstehen zu können, empfehle ich diesen vorherigen Artikel:

https://www.genexyz.org/post/25-block-774775-utxos-fee-management-v3ulch/

Die Konvention täuscht also vor, dass Sats nicht ausgegeben oder verbrannt werden, sondern, dass diese in einer Art Kette von Bitcoin-Atomen existieren und diese Kette beim Versenden von Transaktionen nur aufgebrochen und die einzelnen Atomversatzstücke andernorts wieder auftauchen und nicht, wie eigentlich der Fall, eingeschmolzen / verbrannt werden.

Umgesetzt wird das alles durch ein Open-Source-Protokoll namens ord, das auf dem Bitcoin Core Protokoll läuft. Dies bedeutet, dass keine Veränderungen am Bitcoin Protokoll selbst vorgenommen werden, sondern eine Programm entwickelt wurde, das die Daten in der Blockchain benutzt, um eine andere Sicht zu erzeugen, die es ermöglicht, einzelne Sats zu benennen und nachzuverfolgen und somit jeden einzelnen Sat "einzigartig" aussehen zu lassen. Es ist also völlig freiwillig, sich auf diese Konvention und die Namensgebung einzulassen.

Folgt man jedoch dieser Konvention, so ergeben sich natürlich Spielereien, wie z.B. Seltenheit einzelner Sats beruhend auf dem Block, in dem sie enthalten waren oder sind, welche laufende Nummer sie haben, etc. Es ist in etwa so, als hätte ich eine Million kleiner Kieselsteine in meiner Einfahrt. Für jeden, der einfach vorbeigeht, ist jeder Kieselstein einfach nur eines von vielen Steinchen. Ich habe aber ein System gefunden, um jeden einzelnen Stein einzeln zu benennen, und damit ergeben sich "besondere" Steine, z.B. Stein #1 oder Stein #69. Nur wer meinem System der Nummerierung folgt, sieht, dass dies besondere Steine sind, jeder andere sieht einfach nur Steine.

Inscriptions

Bei Inscriptions handelt es sich um eine von Ordinals zunächst losgelöste separate Funktion. Hierbei wird die eigentliche Datei in die Blockchain geschrieben, allerdings im Einklang mit Ordinals wird dieser Datei ein einzigartiger Sat zugeschrieben. Dies funktioniert auch wieder nur, wenn man der willkürlichen Konvention des Protokolls Folge leistet, denn beim Schreiben der Datei in die Blockchain wird natürlich eine Transaktion erstellt. Diese Transaktion enthält (mindestens) einen UTXO, der/die aus mehreren Sats bestehen und deshalb legt das Protokoll fest, dass eine Inscription beim Mining mit dem ersten Sat des ersten UTXO der Transaktion verschmolzen wird. Damit wird die Inscription (also die Datei) dauerhaft und auf ewig markiert und kann somit von anderen Sats unterschieden wird.

Unter Verwendung dieser Konvention (und der dazu nötigen Wallets) können UTXOs, die ein Sat-Inscription-Paar enthalten, gefunden und ihre Bewegungen und ihr Eigentum über Transaktionen hinweg verfolgt werden. Dies führt dazu, dass diese Sats, bzw. die Inscriptions, gehandelt, verschenkt, gekauft und verkauft werden können. Dabei entstehen also digitale Artefakte, oder anders genannt NFTs.

Inscriptions sind naturgemäß größere Dateien und nehmen daher mehr vom begrenzten Platz in jedem Block ein (daher die langen Erklärungen zu SegWit und Taproot). Die Benutzer//innen, die Inscriptions erstellen bzw. hochladen, müssen die dazu erforderlichen (höheren) Gebühren zahlen. Dieser Punkt ist für die folgende Diskussion wichtig.

Diskussion

Okay, soweit so gut, soweit so scheiße.

Kurzum: Es gibt ein System, das das Benennen einzelner Sats ermöglicht (wenn man daran glaubt) - Ordinals. Es besteht die Möglichkeit, Dateien in Blöcke zu schreiben und diese mit den benannten Sats zu verknüpfen - Inscriptions. Die beiden Theorien oder Konventionen sind nicht gleich, brauchen aber einander.

Ordinals alleine schaden nicht. Es ist das Hinzufügen digitaler Artefakte in Transaktionen, das die größere Debatte entflammt. Denn Inscriptions verlagern ein Risiko direkt in die Blockchain. Ein OP_Return z.B. kann 40KB (also 80 Zeichen) beinhalten und somit z.B. einen Link zu einer Datei darstellen (einen Pointer). Eine Datei mit fragwürdigem oder kriminellem Inhalt, würde also immer auf einer externen Website liegen und somit würde auch das Risiko vom Betreiber getragen werden. Inscriptions öffnen die Tür, Dateien, die bis zu 3MB pro Block groß sind, direkt in die Blockchain zu schreiben. Hier eröffnen sich Korridore für Reputationsangriffe auf Bitcoin.

Ordinals (ich fasse jetzt Ordinals und Inscriptions mal zusammen) eröffnen neue Wege, mit Bitcoin zu interagieren. Es bietet "Spaß" mit Bitcoin und fügt eine neue Schicht hinzu, Bitcoin mit Kunst und Kultur zusammenzubringen ist. Es könnte außerdem die Akzeptanz erhöhen und neue Interessenten für Bitcoin begeistern, die für die Bildchen kommen, aber wegen der bahnbrechenden Technologie und den fundamentalen Mehrwerten von Bitcoin bleiben.

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Die Hauptargumente gegen Ordinals berufen sich auf die größeren Datenmengen, die von Nodes validiert werden müssen und darauf, dass Blöcke mit "unnötigem Müll" gefüllt werden und damit wichtige und relevante Transaktionen nicht schnell genug verarbeitet werden. Allerdings muss man dazu sagen, dass Ordinals nicht die Blockgröße erhöhen, sondern im schlimmsten Fall dafür sorgen, dass das Blocklimit öfter erreicht wird. Ein normaler Block sieht meist so aus:

Man sieht, dass das Gewicht von 4 MWU nicht ganz erreicht wurde und 2.675 Transaktionen einen Platz gefunden haben.

Im Vergleich dazu wurden im folgenden Block lediglich 648 Transaktionen untergebracht, die pro Transaktion viel größer sind (schaut man sich die jeweiligen Transaktionen an, stellt man fest, dass so gut wie jeder dieser großen Blöcke den gleichen Betrag von 0.0001 BTC aufweist, was darauf schließen lässt, dass die Ordinals-Transaktionen sind).

Fürsprecher von Ordinals argumentieren oft damit, dass diese "nutzlosen" Transaktionen auch bezahlt werden müssen, um andere "wertigere" Transaktionen zu verdrängen, da Miner diese sonst nicht dem Block hinzufügen würden. Hier muss man aber sagen, dass diese Transaktionen relativ geringe Transaktionsgebühren von 4 Sat/vB bezahlt haben. Da wir wissen, dass Transaktionsgebühren basierend auf der Größe der Transaktion berechnet werden und nicht auf dem Wert der Transaktion in Bitcoin, werden für diese 0.0001 BTC Transaktionen dennoch Gebühren im Bereich von 150.000 bis 250.000 Sats (ca. $50 bei aktuellem Kurs) fällig (es sei denn man hat Nick Luxor als Freund).

Die Marktkräfte innerhalb des Bitcoin-Netzwerks werden also zeigen, wie lange diese Art von Transaktionen einen Großteil des vorhandenen Platzes einnehmen werden. Die Debatte um Transaktionsgebühren ist eine sehr wichtige, denn gibt es immer wieder Theorien darüber, wie Miner zukünftig profitabel sein können, wenn die Subsidies immer irrelevanter werden und auch das Sicherheitsbudget von Bitcoin gewährleistet werden muss. Befürworter von Ordinals bringen dies als ein weiteres Pro-Argument für einen weiteren Use-Case und gesteigertes Interesse an On-Chain Transaktionen an.

https://x.com/BitcoinPierre/status/1622744824896970753

Natürlich erleben Ordinals gerade einen Hype und so ist es nicht verwunderlich, dass vor zwei Tagen über 50% des vorhandenen Platzes von Ordinals-Transaktionen eingenommen wurde. Diese Zahl ist heute schon auf unter 25% gesunken, was einen klaren Hype und keine Regel aufweist.

Unabhängig davon, ob Inscriptions als „wertvolle“ Verwendung von Bitcoin angesehen wird oder nicht, wird der Markt über die angemessene Gebührengestaltung darüber entscheiden, ob Nutzer weiterhin das System für diese Art von Spielerei nutzen wollen. Sollten sich Inscriptions als langlebig erweisen, werden Transaktionsgebühren unweigerlich steigen und somit mehr Absender kleinerer Bitcoin-Transaktionen auf Layer-2-Protokolle wie Lightning ausweichen.

Puristen sind gegen Inscriptions, da sie argumentieren, dass das Speichern großer Daten auf dem Bitcoin Ledger den Blockplatz für keinen wirklichen Zweck verschwendet und nur Stress für Nodebetreiber verursacht. Blocks, wie der folgende, führen dazu, dass sich ihnen die Nackenhaare aufstellen und neben der Verschwendung von Platz wird häufig das Reputationsrisiko als Kritik angebracht.

Denn Inscriptions, die einmal in die Blockchain geschrieben wurden, lassen sich nicht mehr entfernen und damit auch nicht der Inhalt der hochgeladenen Dateien. Unmoralische und kriminelle Inhalte eröffnen so einen Korridor für Zensur, allerdings sollte auch beachtet werden, dass es auch einen speziellen Block Explorer benötigt, der Inscriptions darstellt, und diese Explorer haben natürlich die Möglichkeit Bilder mit moralisch und rechtlich fragwürdigen Inhalten zu zensieren, bzw. nicht darzustellen (wie in Inscription #668 passiert).

https://cointelegraph.com/news/bitcoin-ordinals-creators-look-for-fix-after-first-instance-of-shock-porn

Um das Hochladen dieser "schlechten" Inhalte zu vermeiden, müssten die Bitcoin-Konsensregeln geändert werden. Und wenn diese verändert werden können, um Menschen davon abzuhalten, Bilder in das Bitcoin-Netzwerk zu laden, können die Regeln auch verändert werden, um z.B. Nutzer//innen mit politischen Interessen oder kritischen Meinungen davon abzuhalten, Bitcoin zu nutzen, wie sie es für richtig erachten. Denn am Ende ist Bitcoin ein System von Regeln, nicht von Vorurteilen oder Gefühlen und Meinungen, und der Schiedsrichter darüber, was darf und was nicht darf, bleibt der Code.

Im besten Fall können Inscriptions den Nicht-Bitcoin-NFT-Markt aushebeln und NFT-Fans den Spiegel vorhalten, dass ihre teuren Bildchen und die zugrunde liegende Technologie fast wertlos sind.

Welchem Camp man auch angehören mag, es bleibt festzuhalten, dass die ganze Ordinals-Theorie auf einer willkürlichen Annahme beruht und nur funktioniert, wenn man der Theorie folgt, dass Sats (ähnlich wie Atome bei Gold oder Nukleotide bei DNS) feste Bestandteile darstellen, die sich einzeln nachverfolgen lassen und nicht - wie ich denke - eine Maßeinheit darstellen. Zu sagen, ein UTXO besteht aus n-Menge Sats und jeder Sat ist einzigartig, ist genauso sinnvoll, wie zu sagen, dass man einen Eimer Wasser hat und sich jedes Milliliter Wasser einzeln nachvollziehen lässt. Liter ist eine Maßeinheit und nicht die Grundform, aus der Wasser besteht.

🫳🎤

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In diesem Sinne, 2... 1... Risiko!‌

@ 434a234c:0a2f68b4

To Review Part 5 (https://stacker.news/items/731090/r/AndyAdvance)

Scoring rubric is as follows: 5 - This law promoted 360 degrees of freedom. Bitcoiners around the world would champion this 4 3 2 1 - This bill is something straight out the communist/socialist playbook very anti freedom. Leads to forever wars endless spending and bad wellbeing for the american people

Now a look at the sixth bill that became law. *Public Law No: 111-232 (08/16/2020)

H.R.2097 - Star-Spangled Banner Commemorative Coin Act

Source( https://www.congress.gov/bill/111th-congress/house-bill/2097?q=%7B%22search%22%3A%22lummis%22%7D&s=3&r=51)

The Bill in Summary:

Star-Spangled Banner Commemorative Coin Act - (Sec. 3) Directs the Secretary of the Treasury to mint and issue $5 gold coins and $1 silver coins in commemoration of the bicentennial of the writing of the Star-Spangled Banner.

(Sec. 4) Requires a coin design emblematic of the War of 1812, and in particular of, the Battle for Baltimore that formed the basis for the Star-Spangled Banner.

(Sec. 5) Limits the period for coin issuance to calendar year 2012.

(Sec. 7) Imposes a surcharge of $35 per coin for the $5 coins and $10 per coin for the $1 coins, which shall be distributed to the Maryland War of 1812 Bicentennial Commission for the purpose of supporting bicentennial activities, educational outreach activities, and preservation and improvement activities pertaining to the sites and structures relating to the War of 1812.

The Score (2/5)

Yawn another coin bill. Sen. Lummis loves her coin bills. This one honors the war that established the Star-Spangled Banner song. Once again glorifying war on precious metals that was once used for money. The mark up on these coins go to some special interest group (of course) that doesn't impact 99.999% of Americans.

I gave it a two because this does nothing to improve freedom and the well being of the American people. Another bill Sen. Lummis supported was used to line the pockets of a special interest group that honors some war that most Americans don't even know happened. I understand wanting to honor our fallen and the great men and women who paid a price for me to type these words today but enough is enough. All of this time and resources wasted on these types of bills is ridiculous when they could be working on real laws that can have an impact to improve the lives of all Americans.

Total Score (15/30)

After six bills Sen. Lummis has 15 points out of a total 30. That is good for 50% freedom score. These coin bills are pretty lame. Besides collectors and war historians these bills do nothing for almost all the people in this nation yet they get drafted voted on and signed into law all because a special interest group wants to capitalize off the back of US tax payers to mark up gold and silver coins on a war that no one remembers or even cares about due to all the forever wars recent american generations have lived through. Come on Sen. Lummis do better!

NOTE

Since I started this series. Sen. Lummis had 3 more bills become law which brings the total to 56 bills. All bills will be reviewed in time. But the name of the series will remain until all 53 bills are analyzed.

originally posted at https://stacker.news/items/800668

@ c11cf5f8:4928464d

Here we are again with our monthly Magnificent Seven summary, giving you a hit of what you missed in the ~AGORA territory.

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Top-Performing Ads

This week, the most engaging ones are:

• 00 Sewing Machine by @Fiat_Revelation
• 01 SATOSH.EE - Gift Cards, Discounts, Loyalty Program by @Kontext
• 02 The Shop Hustle by @TheWildHustle
• 03 SATS'N'FACTS - Bitcoin Technical Unconference - Merch and tickets NOW available by @catoshi
• 04 [SELL] NWC Straight Outta Alby T-Shirt by @thebullishbitcoiner
• 05 Sell Google Pixel 7a | Satstash Auction by @jbschirtzinger (https://stacker.news/items/784603/r/AG) @TinstrMedia
• 06 [SELL] Two new lowkey designs added to The Bullish Shop by @thebullishbitcoiner
• 07 [SELL] Old Dell Laptop - CHEAP! | SatStash by @watchmancbiz

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Services accepting sats

• https://stacker.news/items/775383/r/AG Color Grading (Styling) Your Pictures as a Service by @TinstrMedia
• https://stacker.news/items/773557/r/AG MATHS TUTOR 50K SATS/hour English global by @MamaHodl
• https://stacker.news/items/792650/r/AG Mercadillo²¹ now available on Plebeian.Mmarket by @VEINTIUNO
• https://stacker.news/items/784603/r/AG [FREE (Limited)] Want Your Thanksgiving Photos Color Graded By a Colorist? by @TinstrMedia
• https://stacker.news/items/794137/r/AG Lightning Markets - Stores with LN Payments enabled for Products, Services & ... by me!

In case you missed

Here some interesting post, opening conversations and free speech about markets and business on bitcoin:

• https://stacker.news/items/791635/r/AG Darknet Market Archives of ~89 darknet markets & forums (2013-2015) by @aljaz
• https://stacker.news/items/782196/r/AG Are you a Merchant? Share your BTC onboarding story on SN by me!
• https://stacker.news/items/798569/r/AG Plebmall - A Place to Find Vendors that Accept BTC plebmall.com/ by @4bf3a31378
• https://stacker.news/items/797680/r/AG The Sat Market - White Diamond Conference Centre on Dec 15, 2024 - Calgary 🇨🇦 by me!

🏷️ Spending Sunday is back!

Share your most recent Bitcoin purchases of just check what other stackers are buying with their sats! Read more https://stacker.news/items/800128/r/AG

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Just a reminder for you all

This territory aims to connect stackers and curious buyers for IRL P2P Bitcoin deals. Have fun checking what else stackers are shilling globally in the ~AGORA. This is a great time for you to make some space un-dusting some stuff that has been sitting there for too long and get some sats for it!

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Create your Ads now!

Looking to start something new? Hit one of the links below to free your mind:

• 💬 TOPIC for conversation,
• [⚖️ SELL] anything! or,
• if you're looking for something, hit the [🛒 BUY]!
• [🧑‍💻 HIRE] any bitcoiner skill or stuff from bitcoiners
• [🖇 OFFER] any product or service and stack more sats
• [🧑‍⚖️ AUCTION] to let stackers decide a fair price for your item
• [🤝 SWAP] if you're looking to exchange anything with anything else
• [🆓 FREE] your space, make a gift!
• [⭐ REVIEW] any bitcoin product or LN service you recently bought or subscribed to

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Or contact @AGORA team on nostr DM and we can help you publish a personalized post.

. #nostr #stuff4sats #sell #buy #plebchain #grownostr #asknostr

originally posted at https://stacker.news/items/800656

@ eac63075:b4988b48

Imagine a large public square, illuminated by intense spotlights, where every individual who dares to approach the center is immediately recognized, photographed, and cataloged. In this square, every word spoken becomes indelibly tied to its speaker. Under such conditions, many would hesitate before speaking, fearing not only the disapproval of the audience but also the potential punishments that could follow the mere act of expressing an idea. Now, imagine a second square, where anyone can cover their face with a mask, allowing their voice to echo without revealing their identity. It is in this second square that true freedom of expression flourishes, and this metaphorical mask represents anonymity.

https://www.fountain.fm/episode/MweciiR21hySxjdsNa7u

In debates about freedom of expression—one of the fundamental pillars of democratic societies—anonymity often emerges as a controversial element. For some, it serves as a refuge for digital criminals or slanderers. For others, it is an indispensable tool, capable of protecting dissenting voices and inspiring authentic debates, with ideas judged on their merits rather than the messenger’s reputation. This article aims to explain, in a clear and instructive manner, why anonymity is essential to genuine freedom of expression, illustrating its value with metaphors, real-life examples, and historical references.

The Protective Mask: Avoiding Retaliation and Threats

Just as a navigator uses guiding instruments to avoid jagged rocks at sea, anonymity functions like a shield, allowing bold voices to navigate oppressive reefs without foundering. There are countless examples of individuals who have risked their lives to expose crimes and injustices—from whistleblowers in authoritarian governments to investigative journalists uncovering the complex machinations of organized crime. Without the possibility of anonymity, many of these stories would never have come to light.

Organizations like the Electronic Frontier Foundation (EFF) and other digital rights advocacy groups emphasize that the ability to speak without revealing one’s identity is crucial when the cost of speaking out is dangerously high. In censorship-ridden regimes, criticizing the government can lead to imprisonment, torture, or even death. Human rights activists, LGBTQIA+ communities in hostile countries, and journalists investigating illicit dealings all rely on anonymity to continue their work without putting their own lives at immediate risk. In this context, anonymity is not a whim—it’s the chance to survive one’s own opinion.

The Voice of the Invisible: Empowering Marginalized Groups

Think of anonymity as an invisible microphone placed at the disposal of those who, without it, would never dare to take the stage. Historically, marginalized groups have always faced additional barriers to making their voices heard. Women in patriarchal societies, ethnic minorities facing discrimination, or individuals persecuted for their sexual orientation find in anonymity a safe space to speak out, claim their rights, and share their experiences without fearing public humiliation or physical violence.

This “invisible microphone” not only gives voice to those who once remained silent but also transforms the arena of public debate into a more equitable space. By removing the link between idea and identity, it reduces the risk of immediate prejudice against the messenger. As a result, society can assess arguments more impartially. Here, ideas are judged on their content, not on the face that speaks them.

The Strength of History: The Precedent of the Federalist Papers

History offers a famous example of the power of anonymous words: the Federalist Papers. Published between 1787 and 1788, these essays supported the ratification of the United States Constitution and were written under the pseudonym “Publius” by Alexander Hamilton, James Madison, and John Jay. The reason for concealing their identities was clear: to ensure that their ideas would be judged on their argumentative strength rather than the prestige or fame of the authors.

The precedent set by the Federalist Papers is emblematic. It shows that, in the building of one of the first modern democracies, anonymity was used as a legitimate tool to establish fundamental concepts. If the founders of the nation that prides itself on its First Amendment—the one that protects freedom of expression—resorted to anonymity, we should recognize that this resource is not only defensible but also an essential part of the framework of healthy public debate.

Faceless Messages: The Democracy of Pure Ideas

In an ideal world, we would judge a message purely on its content. In reality, however, names, faces, social status, and economic position influence how we receive and interpret a person’s words. Anonymity removes these superficial layers, allowing the message to present itself bare, subject to rational evaluation without the veils of prejudice.

In this sense, anonymity acts as a “filter of equality”: by concealing the source, it prevents us from assigning credibility (or discredit) based on stereotypes, prejudices, or personal rivalries. Thus, ideas previously dismissed out of hand can now be heard with greater attention, opening paths to social innovation, political reflection, and challenges to the status quo. A contemporary example is online forums that allow anonymous posts. While we acknowledge that such spaces can be misused, we cannot ignore their potential to give voice to those who would never feel safe speaking under their own name in public.

Privacy, Intimacy, and the Freedom to Whisper

Anonymity is not limited to the public or political sphere. In personal and professional relations, the ability to speak anonymously can allow someone to seek help or reveal extremely sensitive matters. Imagine a patient who needs to consult a doctor about a stigmatized health issue, or a person seeking legal advice in a delicate situation. The “mask” of anonymity offers a safe haven for sharing information without the anguish of being judged or exposed.

Thus, anonymity also safeguards our “right to whisper,” that is, the ability to exchange information, secrets, and confessions without the constant glare of a spotlight. Real or perceived surveillance can stifle communication and inhibit creativity, reporting, and the exchange of ideas. By shielding individuals from forced exposure, anonymity reinforces the very fabric of freedom of expression, preventing the fear of identification from silencing words before they are spoken.

Anonymity in the Digital Age: Between Encryption and Censorship

In the digital age, the issue of anonymity becomes even more relevant. With the expansion of online surveillance and the growth of social networks, maintaining anonymity can be challenging. Social media platforms increasingly request personal data, and governments attempt to impose barriers against anonymity, often justifying them as measures of national security or crime prevention.

However, according to reports and documents from human rights organizations, such as the UN High Commissioner for Human Rights and the Association for Progressive Communications (APC), encryption and anonymity are key tools for freedom of expression in the digital environment. Without these resources, citizens and journalists, for instance, become more vulnerable to persecution. In various countries, the existence of anonymous and encrypted channels enables information to circulate, grievances to be reported, and societies to remain informed, even in the face of heavy censorship.

Legal Protection: Judicial Recognition of Anonymity

The United States Supreme Court, as well as other constitutional courts around the world, recognizes anonymity as an integral part of the right to free expression. In the United States, the First Amendment has been applied in cases that defended the right to anonymous speech, viewing it as a bulwark against the tyranny of the majority. When minorities are protected by anonymity, personal reprisals against those who dare to question dogmas or denounce abuses are prevented.

This judicial understanding reinforces the legitimacy of anonymity and its direct association with the strengthening of democracy. After all, a robust democracy requires not only the absence of formal censorship but also the guarantee that minority or unpopular voices can speak out without fear.

Conclusion: The Cloak That Protects Freedom

If freedom of expression is the heart of democracy, anonymity is the cloak that shields that heart from the poisoned darts of fear, persecution, and prejudice. It creates the right environment for ideas to flourish freely, for courageous voices to emerge from silence, and for society to debate its most complex issues in the light of reason rather than beneath the shadow of intimidation.

In a world where surveillance and political tensions are ever-present, anonymity preserves the essence of free speech: humanity’s ability to question, propose, denounce, criticize, and create without shackles. By recognizing the importance of this resource, we safeguard not only individual voices but also the very principle that makes democracy worthy of its name.

Selected References:

• Electronic Frontier Foundation (EFF): https://www.eff.org/issues/anonymity

• Freedom Forum: https://www.freedomforum.org/anonymous-speech/

• Association for Progressive Communications (APC): https://www.apc.org/

• The First Amendment Encyclopedia: Anonymous Speech: https://firstamendment.mtsu.edu/article/anonymous-speech/

• The Federalist Papers: Historical context available at Library of Congress and various printed and digital compilations.

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Cover Photo by Redd Francisco / Unsplash

@ 219857c6:7e39c471

From the coin clipping of ancient Rome to the rise of electronic payments, this article explores the recurring failures of money throughout history. We delve into why gold, paper, and even digital payments fall short and what lessons they hold for creating better systems. Can Bitcoin succeed where others have failed? Read on to find out. They say that men can’t stop thinking about the fall of the Roman Empire.

Explore more in detail in my first edition of the newsletter 'New Money Matters':

https://newmoneymatters.substack.com/p/why-does-money-fail-part-1

originally posted at https://stacker.news/items/800190

@ c11cf5f8:4928464d

Let's hear some of your latest Bitcoin purchases, feel free to include links to the shops or merchants you bought from too.

If you missed our last thread, here are some of the items stackers recently spent their sats on.

originally posted at https://stacker.news/items/800128

@ c67cd3e1:84098345

@ b4403b24:83542d4e

🇷🇺 Russia holds elections

The West: "Russia is a dictatorship"

🇺🇦 Ukraine doesn’t hold elections

The West: "Ukraine is a democracy"

🇷🇴 Romania cancels the election

The West: "Romania is defending democracy"

originally posted at https://stacker.news/items/799896

@ 6f170f27:711e26dd

The #NobelPrize in Physics 2024 for Hopfield & Hinton turns out to be a Nobel Prize for plagiarism. They republished methodologies developed in #Ukraine and #Japan by Ivakhnenko and Amari in the 1960s & 1970s, as well as other techniques, without citing the original inventors.

https://x.com/SchmidhuberAI/status/1865310820856393929

Tangent

I won't say anything about Physics Nobel Prizes but this reminded me of two anecdotes:

People here love Cryptography. One of the most groundbreaking and fundamental ideas in cryptography was when Shannon "invented" the One-Time-Pad in the 40s.
Unfortunately there already was a guy called Vigenère in the 1500s who discovered the same thing. The story is not quite as interesting as the next anecdote because Shannon was aware of Vigenère and bitwise xor is only kind of the same thing as letter permutations but nonetheless a rediscovery of a thing that already existed.

| Shannon | Vigenère | | ------------- | ------------- | | | |

Second anecdote is the Fast Fourier Transform. You might know what FFT is because it was groundbreaking in the 60s. It revolutionized everything. From wireless communication to earthquake detection to weather to chemistry - the FFT algorithm is EVERYWHERE.... Except it wasn't discovered in the 60s. Our old friend Mr Gauß discvoered/invented it in 1805 but it was in Latin

| J. W. Cooley and John Tukey | Gauss | | ------------- | ------------- | | | |

Conclusion

Anyway, I won't say anything about whether Schmidhuber discovered blatant plagiarism in this years NobelPrize in Physics or if mankind is just doomed to rediscover and rediscover and rediscover stuff from the 60s but let me say this:

My personal favorite way out of this dilemma is building AGI. Let us build an artificial intelligence that surpasses human intelligence. That can discover things and write papers such that humans spend their time reproducing results and verifying is instead. An all knowing computer that will tell us everything about a subject such that the smartest people on earth (like Nobel Prize winning physicist) don't waste decades of their lives with stuff that was already discovered - these things should be 1 Google search or AI prompt away, not decades.

Anyway, here are some pics from Neon Genesis Evangelion so you guys can feel as inspired as I am

| | | | ------------- | ------------- | | | |

originally posted at https://stacker.news/items/799320

@ e6817453:b0ac3c39

I started a long series of articles about how to model different types of knowledge graphs in the relational model, which makes on-device memory models for AI agents possible.

We model-directed graphs

Also, graphs of entities

We even model hypergraphs

Last time, we discussed why classical triple and simple knowledge graphs are insufficient for AI agents and complex memory, especially in the domain of time-aware or multi-model knowledge.

So why do we need metagraphs, and what kind of challenge could they help us to solve?

• complex and nested event and temporal context and temporal relations as edges
• multi-mode and multilingual knowledge
• human-like memory for AI agents that has multiple contexts and relations between knowledge in neuron-like networks

MetaGraphs

A meta graph is a concept that extends the idea of a graph by allowing edges to become graphs. Meta Edges connect a set of nodes, which could also be subgraphs. So, at some level, node and edge are pretty similar in properties but act in different roles in a different context.
Also, in some cases, edges could be referenced as nodes.
This approach enables the representation of more complex relationships and hierarchies than a traditional graph structure allows. Let’s break down each term to understand better metagraphs and how they differ from hypergraphs and graphs.

Graph Basics

• A standard graph has a set of nodes (or vertices) and edges (connections between nodes).
• Edges are generally simple and typically represent a binary relationship between two nodes.
• For instance, an edge in a social network graph might indicate a “friend” relationship between two people (nodes).

Hypergraph

• A hypergraph extends the concept of an edge by allowing it to connect any number of nodes, not just two.
• Each connection, called a hyperedge, can link multiple nodes.
• This feature allows hypergraphs to model more complex relationships involving multiple entities simultaneously. For example, a hyperedge in a hypergraph could represent a project team, connecting all team members in a single relation.
• Despite its flexibility, a hypergraph doesn’t capture hierarchical or nested structures; it only generalizes the number of connections in an edge.

Metagraph

• A metagraph allows the edges to be graphs themselves. This means each edge can contain its own nodes and edges, creating nested, hierarchical structures.
• In a meta graph, an edge could represent a relationship defined by a graph. For instance, a meta graph could represent a network of organizations where each organization’s structure (departments and connections) is represented by its own internal graph and treated as an edge in the larger meta graph.
• This recursive structure allows metagraphs to model complex data with multiple layers of abstraction. They can capture multi-node relationships (as in hypergraphs) and detailed, structured information about each relationship.

Named Graphs and Graph of Graphs

As you can notice, the structure of a metagraph is quite complex and could be complex to model in relational and classical RDF setups. It could create a challenge of luck of tools and software solutions for your problem.
If you need to model nested graphs, you could use a much simpler model of Named graphs, which could take you quite far.

The concept of the named graph came from the RDF community, which needed to group some sets of triples. In this way, you form subgraphs inside an existing graph. You could refer to the subgraph as a regular node. This setup simplifies complex graphs, introduces hierarchies, and even adds features and properties of hypergraphs while keeping a directed nature.

It looks complex, but it is not so hard to model it with a slight modification of a directed graph.
So, the node could host graphs inside. Let's reflect this fact with a location for a node. If a node belongs to a main graph, we could set the location to null or introduce a main node . it is up to you

Nodes could have edges to nodes in different subgraphs. This structure allows any kind of nesting graphs. Edges stay location-free

Meta Graphs in Relational Model

Let’s try to make several attempts to model different meta-graphs with some constraints.

Directed Metagraph where edges are not used as nodes and could not contain subgraphs

In this case, the edge always points to two sets of nodes. This introduces an overhead of creating a node set for a single node. In this model, we can model empty node sets that could require application-level constraints to prevent such cases.

Directed Metagraph where edges are not used as nodes and could contain subgraphs

Adding a node set that could model a subgraph located in an edge is easy but could be separate from in-vertex or out-vert.
I also do not see a direct need to include subgraphs to a node, as we could just use a node set interchangeably, but it still could be a case.

Directed Metagraph where edges are used as nodes and could contain subgraphs

As you can notice, we operate all the time with node sets. We could simply allow the extension node set to elements set that include node and edge IDs, but in this case, we need to use uuid or any other strategy to differentiate node IDs from edge IDs. In this case, we have a collision of ephemeral edges or ephemeral nodes when we want to change the role and purpose of the node as an edge or vice versa.

A full-scale metagraph model is way too complex for a relational database.
So we need a better model.

Now, we have more flexibility but loose structural constraints. We cannot show that the element should have one vertex, one vertex, or both. This type of constraint has been moved to the application level. Also, the crucial question is about query and retrieval needs.
Any meta-graph model should be more focused on domain and needs and should be used in raw form. We did it for a pure theoretical purpose.

@ e6817453:b0ac3c39

Hey folks! Today, let’s dive into the intriguing world of neurosymbolic approaches, retrieval-augmented generation (RAG), and personal knowledge graphs (PKGs). Together, these concepts hold much potential for bringing true reasoning capabilities to large language models (LLMs). So, let’s break down how symbolic logic, knowledge graphs, and modern AI can come together to empower future AI systems to reason like humans.

The Neurosymbolic Approach: What It Means ?

Neurosymbolic AI combines two historically separate streams of artificial intelligence: symbolic reasoning and neural networks. Symbolic AI uses formal logic to process knowledge, similar to how we might solve problems or deduce information. On the other hand, neural networks, like those underlying GPT-4, focus on learning patterns from vast amounts of data — they are probabilistic statistical models that excel in generating human-like language and recognizing patterns but often lack deep, explicit reasoning.

While GPT-4 can produce impressive text, it’s still not very effective at reasoning in a truly logical way. Its foundation, transformers, allows it to excel in pattern recognition, but the models struggle with reasoning because, at their core, they rely on statistical probabilities rather than true symbolic logic. This is where neurosymbolic methods and knowledge graphs come in.

Symbolic Calculations and the Early Vision of AI

If we take a step back to the 1950s, the vision for artificial intelligence was very different. Early AI research was all about symbolic reasoning — where computers could perform logical calculations to derive new knowledge from a given set of rules and facts. Languages like Lisp emerged to support this vision, enabling programs to represent data and code as interchangeable symbols. Lisp was designed to be homoiconic, meaning it treated code as manipulatable data, making it capable of self-modification — a huge leap towards AI systems that could, in theory, understand and modify their own operations.

Lisp: The Earlier AI-Language

Lisp, short for “LISt Processor,” was developed by John McCarthy in 1958, and it became the cornerstone of early AI research. Lisp’s power lay in its flexibility and its use of symbolic expressions, which allowed developers to create programs that could manipulate symbols in ways that were very close to human reasoning. One of the most groundbreaking features of Lisp was its ability to treat code as data, known as homoiconicity, which meant that Lisp programs could introspect and transform themselves dynamically. This ability to adapt and modify its own structure gave Lisp an edge in tasks that required a form of self-awareness, which was key in the early days of AI when researchers were exploring what it meant for machines to “think.”

Lisp was not just a programming language—it represented the vision for artificial intelligence, where machines could evolve their understanding and rewrite their own programming. This idea formed the conceptual basis for many of the self-modifying and adaptive algorithms that are still explored today in AI research. Despite its decline in mainstream programming, Lisp’s influence can still be seen in the concepts used in modern machine learning and symbolic AI approaches.

Prolog: Formal Logic and Deductive Reasoning

In the 1970s, Prolog was developed—a language focused on formal logic and deductive reasoning. Unlike Lisp, based on lambda calculus, Prolog operates on formal logic rules, allowing it to perform deductive reasoning and solve logical puzzles. This made Prolog an ideal candidate for expert systems that needed to follow a sequence of logical steps, such as medical diagnostics or strategic planning.

Prolog, like Lisp, allowed symbols to be represented, understood, and used in calculations, creating another homoiconic language that allows reasoning. Prolog’s strength lies in its rule-based structure, which is well-suited for tasks that require logical inference and backtracking. These features made it a powerful tool for expert systems and AI research in the 1970s and 1980s.

The language is declarative in nature, meaning that you define the problem, and Prolog figures out how to solve it. By using formal logic and setting constraints, Prolog systems can derive conclusions from known facts, making it highly effective in fields requiring explicit logical frameworks, such as legal reasoning, diagnostics, and natural language understanding. These symbolic approaches were later overshadowed during the AI winter — but the ideas never really disappeared. They just evolved.

Solvers and Their Role in Complementing LLMs

One of the most powerful features of Prolog and similar logic-based systems is their use of solvers. Solvers are mechanisms that can take a set of rules and constraints and automatically find solutions that satisfy these conditions. This capability is incredibly useful when combined with LLMs, which excel at generating human-like language but need help with logical consistency and structured reasoning.

For instance, imagine a scenario where an LLM needs to answer a question involving multiple logical steps or a complex query that requires deducing facts from various pieces of information. In this case, a solver can derive valid conclusions based on a given set of logical rules, providing structured answers that the LLM can then articulate in natural language. This allows the LLM to retrieve information and ensure the logical integrity of its responses, leading to much more robust answers.

Solvers are also ideal for handling constraint satisfaction problems — situations where multiple conditions must be met simultaneously. In practical applications, this could include scheduling tasks, generating optimal recommendations, or even diagnosing issues where a set of symptoms must match possible diagnoses. Prolog’s solver capabilities and LLM’s natural language processing power can make these systems highly effective at providing intelligent, rule-compliant responses that traditional LLMs would struggle to produce alone.

By integrating neurosymbolic methods that utilize solvers, we can provide LLMs with a form of deductive reasoning that is missing from pure deep-learning approaches. This combination has the potential to significantly improve the quality of outputs for use-cases that require explicit, structured problem-solving, from legal queries to scientific research and beyond. Solvers give LLMs the backbone they need to not just generate answers but to do so in a way that respects logical rigor and complex constraints.

Graph of Rules for Enhanced Reasoning

Another powerful concept that complements LLMs is using a graph of rules. A graph of rules is essentially a structured collection of logical rules that interconnect in a network-like structure, defining how various entities and their relationships interact. This structured network allows for complex reasoning and information retrieval, as well as the ability to model intricate relationships between different pieces of knowledge.

In a graph of rules, each node represents a rule, and the edges define relationships between those rules — such as dependencies or causal links. This structure can be used to enhance LLM capabilities by providing them with a formal set of rules and relationships to follow, which improves logical consistency and reasoning depth. When an LLM encounters a problem or a question that requires multiple logical steps, it can traverse this graph of rules to generate an answer that is not only linguistically fluent but also logically robust.

For example, in a healthcare application, a graph of rules might include nodes for medical symptoms, possible diagnoses, and recommended treatments. When an LLM receives a query regarding a patient’s symptoms, it can use the graph to traverse from symptoms to potential diagnoses and then to treatment options, ensuring that the response is coherent and medically sound. The graph of rules guides reasoning, enabling LLMs to handle complex, multi-step questions that involve chains of reasoning, rather than merely generating surface-level responses.

Graphs of rules also enable modular reasoning, where different sets of rules can be activated based on the context or the type of question being asked. This modularity is crucial for creating adaptive AI systems that can apply specific sets of logical frameworks to distinct problem domains, thereby greatly enhancing their versatility. The combination of neural fluency with rule-based structure gives LLMs the ability to conduct more advanced reasoning, ultimately making them more reliable and effective in domains where accuracy and logical consistency are critical.

By implementing a graph of rules, LLMs are empowered to perform deductive reasoning alongside their generative capabilities, creating responses that are not only compelling but also logically aligned with the structured knowledge available in the system. This further enhances their potential applications in fields such as law, engineering, finance, and scientific research — domains where logical consistency is as important as linguistic coherence.

Enhancing LLMs with Symbolic Reasoning

Now, with LLMs like GPT-4 being mainstream, there is an emerging need to add real reasoning capabilities to them. This is where neurosymbolic approaches shine. Instead of pitting neural networks against symbolic reasoning, these methods combine the best of both worlds. The neural aspect provides language fluency and recognition of complex patterns, while the symbolic side offers real reasoning power through formal logic and rule-based frameworks.

Personal Knowledge Graphs (PKGs) come into play here as well. Knowledge graphs are data structures that encode entities and their relationships — they’re essentially semantic networks that allow for structured information retrieval. When integrated with neurosymbolic approaches, LLMs can use these graphs to answer questions in a far more contextual and precise way. By retrieving relevant information from a knowledge graph, they can ground their responses in well-defined relationships, thus improving both the relevance and the logical consistency of their answers.

Imagine combining an LLM with a graph of rules that allow it to reason through the relationships encoded in a personal knowledge graph. This could involve using deductive databases to form a sophisticated way to represent and reason with symbolic data — essentially constructing a powerful hybrid system that uses LLM capabilities for language fluency and rule-based logic for structured problem-solving.

My Research on Deductive Databases and Knowledge Graphs

I recently did some research on modeling knowledge graphs using deductive databases, such as DataLog — which can be thought of as a limited, data-oriented version of Prolog. What I’ve found is that it’s possible to use formal logic to model knowledge graphs, ontologies, and complex relationships elegantly as rules in a deductive system. Unlike classical RDF or traditional ontology-based models, which sometimes struggle with complex or evolving relationships, a deductive approach is more flexible and can easily support dynamic rules and reasoning.

Prolog and similar logic-driven frameworks can complement LLMs by handling the parts of reasoning where explicit rule-following is required. LLMs can benefit from these rule-based systems for tasks like entity recognition, logical inferences, and constructing or traversing knowledge graphs. We can even create a graph of rules that governs how relationships are formed or how logical deductions can be performed.

The future is really about creating an AI that is capable of both deep contextual understanding (using the powerful generative capacity of LLMs) and true reasoning (through symbolic systems and knowledge graphs). With the neurosymbolic approach, these AIs could be equipped not just to generate information but to explain their reasoning, form logical conclusions, and even improve their own understanding over time — getting us a step closer to true artificial general intelligence.

Why It Matters for LLM Employment

Using neurosymbolic RAG (retrieval-augmented generation) in conjunction with personal knowledge graphs could revolutionize how LLMs work in real-world applications. Imagine an LLM that understands not just language but also the relationships between different concepts — one that can navigate, reason, and explain complex knowledge domains by actively engaging with a personalized set of facts and rules.

This could lead to practical applications in areas like healthcare, finance, legal reasoning, or even personal productivity — where LLMs can help users solve complex problems logically, providing relevant information and well-justified reasoning paths. The combination of neural fluency with symbolic accuracy and deductive power is precisely the bridge we need to move beyond purely predictive AI to truly intelligent systems.

Let's explore these ideas further if you’re as fascinated by this as I am. Feel free to reach out, follow my YouTube channel, or check out some articles I’ll link below. And if you’re working on anything in this field, I’d love to collaborate!

Until next time, folks. Stay curious, and keep pushing the boundaries of AI!

@ 07907690:d4e015f6

Dhruv Bansal, CSO dan Co-Founder Unchained mengeksplorasi prinsip-prinsip dan sejarah yang mengarah pada penciptaan Bitcoin dan mengajukan pertanyaan: "Apa yang telah dilakukan Satoshi"?

Bitcoin sering dibandingkan dengan internet pada tahun 1990an, namun saya yakin analogi yang lebih baik adalah dengan telegraf pada tahun 1840an.[^1]

Telegraf adalah teknologi pertama yang mengirimkan data yang dikodekan dengan kecepatan mendekati cahaya dalam jarak jauh. Ini menandai lahirnya industri telekomunikasi. Internet, meskipun skalanya lebih besar, kontennya lebih kaya, dan many-to-many, bukan one-to-one, pada dasarnya masih merupakan teknologi telekomunikasi.

Baik telegraf maupun internet bergantung pada model bisnis di mana perusahaan mengerahkan modal untuk membangun jaringan fisik dan kemudian membebankan biaya kepada pengguna untuk mengirim pesan melalui jaringan ini. Jaringan AT&T secara historis mengirimkan telegram, panggilan telepon, paket TCP/IP, pesan teks, dan sekarang TikTok.

Transformasi masyarakat melalui telekomunikasi telah menghasilkan kebebasan yang lebih besar namun juga sentralisasi yang lebih besar. Internet telah meningkatkan jangkauan jutaan pembuat konten dan usaha kecil, namun juga memperkuat jangkauan perusahaan, otoritas pusat, dan lembaga lain yang memiliki posisi yang cukup baik untuk memantau dan memanipulasi aktivitas online.

Namun Bitcoin bukanlah akhir dari transformasi apa pun—ini adalah awal dari sebuah transformasi. Seperti halnya telekomunikasi, Bitcoin akan mengubah kebiasaan umat manusia dan kehidupan sehari-harinya. Memprediksi seluruh cakupan perubahan saat ini sama dengan membayangkan internet saat hidup di era telegraf.

Seri ini mencoba membayangkan masa depan dengan memulai dari masa lalu. Artikel awal ini menelusuri sejarah mata uang digital sebelum Bitcoin. Hanya dengan memahami kegagalan proyek-proyek sebelumnya, kita dapat memahami apa yang membuat Bitcoin berhasil—dan bagaimana hal itu menyarankan metodologi untuk membangun sistem desentralisasi di masa depan.

Klaim utama dari artikel ini adalah bahwa Bitcoin dapat dianggap sebagai adaptasi dari proyek B-money Dai yang menghilangkan kebebasan untuk menciptakan uang. Hanya beberapa minggu setelah artikel ini pertama kali diterbitkan, email baru muncul di mana Satoshi mengaku tidak terbiasa dengan B-money, namun mengakui bahwa Bitcoin dimulai “tepat dari titik itu.” Mengingat bukti baru ini, kami yakin klaim utama ini, meskipun tidak akurat secara historis, masih merupakan cara yang bermakna dan bermanfaat untuk memikirkan asal usul Bitcoin.

Bagaimana Satoshi Nakamoto Memikirkan Bitcoin?

Satoshi memang cerdas, tetapi Bitcoin tidak muncul begitu saja.

Bitcoin mengulangi pekerjaan yang ada di bidang kriptografi, sistem terdistribusi, ekonomi, dan filsafat politik. Konsep proof-of-work sudah ada jauh sebelum digunakan dalam uang dan cypherpunk sebelumnya seperti Nick Szabo, Wei Dai, & Hal Finney mengantisipasi dan memengaruhi desain Bitcoin dengan proyek-proyek seperti bit gold, B-money, dan RPoW. Pertimbangkan bahwa, pada tahun 2008, ketika Satoshi menulis white paper Bitcoin[^2], banyak ide penting Bitcoin telah diusulkan dan/atau diimplementasikan:

• Mata uang digital harus berupa jaringan P2P
• Proof-of-work adalah dasar penciptaan uang
• Uang diciptakan melalui lelang
• Kunci publik kriptografi digunakan untuk menentukan kepemilikan dan transfer koin
• Transaksi dikelompokkan menjadi beberapa blok
• Blok dirangkai bersama melalui proof-of-work
• Semua blok disimpan oleh semua peserta

Bitcoin memanfaatkan semua konsep ini, tetapi Satoshi tidak menciptakan satu pun konsep tersebut. Untuk lebih memahami kontribusi Satoshi, kita harus menentukan prinsip Bitcoin mana yang tidak ada dalam daftar.

Beberapa kandidat yang jelas adalah persediaan Bitcoin yang terbatas, konsensus Nakamoto, dan algoritma penyesuaian kesulitan. Tapi apa yang mendorong Satoshi pada ide ini?

Artikel ini mengeksplorasi sejarah mata uang digital dan menyatakan bahwa fokus Satoshi pada kebijakan moneter yang sehat adalah hal yang menyebabkan Bitcoin mengatasi tantangan yang mengalahkan proyek-proyek sebelumnya seperti bit gold dan B-money.

Sistem yang Terdesentralisasi Adalah Pasar

Bitcoin sering digambarkan sebagai sistem terdesentralisasi atau terdistribusi. Sayangnya, kata “desentralisasi” dan “terdistribusi” sering kali membingungkan. Ketika diterapkan pada sistem digital, kedua istilah tersebut mengacu pada cara aplikasi monolitik dapat didekomposisi menjadi jaringan bagian-bagian yang berkomunikasi.

Untuk tujuan kita, perbedaan utama antara sistem terdesentralisasi dan terdistribusi bukanlah topologi diagram jaringannya, namun cara mereka menegakkan aturan. Kami meluangkan waktu di bagian berikut untuk membandingkan sistem terdistribusi dan desentralisasi dan memotivasi gagasan bahwa sistem desentralisasi yang kuat adalah pasar.

Sistem Terdistribusikan Bergantung pada Otoritas Pusat

Dalam hal ini, kami mengartikan “terdistribusi” sebagai sistem apa pun yang telah dipecah menjadi beberapa bagian (sering disebut sebagai "node") yang harus berkomunikasi, biasanya melalui jaringan.

Insinyur perangkat lunak semakin mahir dalam membangun sistem yang terdistribusi secara global. Internet terdiri dari sistem terdistribusi yang secara kolektif berisi miliaran node. Kita masing-masing memiliki simpul di saku kita yang berpartisipasi dan bergantung pada sistem ini.

Namun hampir semua sistem terdistribusi yang kita gunakan saat ini diatur oleh beberapa otoritas pusat, biasanya administrator sistem, perusahaan, atau pemerintah yang saling dipercaya oleh semua node dalam sistem.

Otoritas pusat memastikan semua node mematuhi aturan sistem dan menghapus, memperbaiki, atau menghukum node yang gagal mematuhinya. Mereka dipercaya untuk melakukan koordinasi, menyelesaikan konflik, dan mengalokasikan sumber daya bersama. Seiring waktu, otoritas pusat mengelola perubahan pada sistem, memperbarui atau menambahkan fitur, dan memastikan bahwa node yang berpartisipasi mematuhi perubahan tersebut.

Manfaat yang diperoleh sistem terdistribusi karena mengandalkan otoritas pusat juga disertai dengan biaya. Meskipun sistem ini kuat terhadap kegagalan node-nodenya, kegagalan otoritas pusat dapat menyebabkan sistem berhenti berfungsi secara keseluruhan. Kemampuan otoritas pusat untuk mengambil keputusan secara sepihak berarti menumbangkan atau menghilangkan otoritas pusat sudah cukup untuk mengendalikan atau menghancurkan keseluruhan sistem.

Terlepas dari adanya trade-off ini, jika ada persyaratan bahwa satu partai atau koalisi harus mempertahankan otoritas pusat, atau jika peserta dalam sistem tersebut puas dengan mengandalkan otoritas pusat, maka sistem terdistribusi tradisional adalah solusi terbaik. Tidak diperlukan blockchain, token, atau sistem desentralisasi serupa.

Secara khusus, kasus VC atau mata uang kripto yang didukung oleh pemerintah, dengan persyaratan bahwa satu pihak dapat memantau atau membatasi pembayaran dan membekukan akun, adalah kasus penggunaan yang sempurna untuk sistem terdistribusi tradisional.

Sistem Desentralisasi Tidak Memiliki Otoritas Pusat

Kami menganggap “desentralisasi” memiliki arti yang lebih kuat daripada “terdistribusi”: sistem desentralisasi adalah bagian dari sistem terdistribusi yang tidak memiliki otoritas pusat. Sinonim yang mirip dengan “desentralisasi” adalah “peer-to-peer” (P2P).

Menghapus otoritas pusat memberikan beberapa keuntungan. Sistem terdesentralisasi:

• Tumbuh dengan cepat karena tidak ada hambatan untuk masuk—siapa pun dapat mengembangkan sistem hanya dengan menjalankan node baru, dan tidak ada persyaratan untuk registrasi atau persetujuan dari otoritas pusat.
• Kuat karena tidak ada otoritas pusat yang kegagalannya dapat membahayakan berfungsinya sistem. Semua node adalah sama, jadi kegagalan bersifat lokal dan jaringan merutekan sekitar kerusakan.
• Sulit untuk ditangkap, diatur, dikenakan pajak, atau diawasi karena tidak adanya titik kendali terpusat yang dapat ditumbangkan oleh pemerintah.

Kekuatan inilah yang menjadi alasan Satoshi memilih desain Bitcoin yang terdesentralisasi dan peer-to-peer:

“Pemerintah pandai memotong… jaringan yang dikendalikan secara terpusat seperti Napster, namun jaringan P2P murni seperti Gnutella dan Tor tampaknya masih mampu bertahan.” - Satoshi Nakamoto, 2008

Namun kekuatan ini juga disertai dengan kelemahan. Sistem yang terdesentralisasi bisa menjadi kurang efisien karena setiap titik harus memikul tanggung jawab tambahan untuk koordinasi yang sebelumnya diambil alih oleh otoritas pusat.

Sistem yang terdesentralisasi juga sering dilanda perilaku yang bersifat penipuan dan bertentangan. Terlepas dari persetujuan Satoshi terhadap Gnutella, siapa pun yang menggunakan program berbagi file P2P untuk mengunduh file yang ternyata kotor atau berbahaya memahami alasan mengapa berbagi file P2P tidak pernah menjadi model utama untuk transfer data online.

Satoshi tidak menyebutkannya secara eksplisit, namun email adalah sistem terdesentralisasi lainnya yang menghindari kendali pemerintah. Dan email juga terkenal sebagai spam.

Sistem Desentralisasi diatur Melalui Insentif

Akar masalahnya, dalam semua kasus ini adalah, bahwa perilaku kejahatan (menyebarkan file buruk, mengirim email spam) tidak dihukum, dan perilaku kooperatif (menyebarkan file bagus, hanya mengirim email berguna) tidak dihargai. Sistem desentralisasi yang mengandalkan partisipannya untuk menjadi aktor yang baik gagal untuk berkembang karena sistem tersebut tidak dapat mencegah aktor jahat untuk ikut berpartisipasi.

Tanpa memaksakan otoritas pusat, satu-satunya cara untuk menyelesaikan masalah ini adalah dengan menggunakan insentif ekonomi. Aktor yang baik, menurut definisinya, bermain sesuai aturan karena mereka secara inheren termotivasi untuk melakukannya. Pelaku kejahatan, menurut definisinya, adalah orang yang egois dan licik, namun insentif ekonomi yang tepat dapat mengarahkan perilaku buruk mereka ke arah kebaikan bersama. Sistem yang terdesentralisasi melakukan hal ini dengan memastikan bahwa perilaku kooperatif menguntungkan dan perilaku kejahatan merugikan.

Cara terbaik untuk menerapkan layanan terdesentralisasi yang kuat adalah dengan menciptakan pasar di mana semua pelaku, baik dan buruk, dibayar untuk menyediakan layanan tersebut. Kurangnya hambatan masuk bagi pembeli dan penjual di pasar yang terdesentralisasi mendorong skala dan efisiensi. Jika protokol pasar dapat melindungi partisipan dari penipuan, pencurian, dan penyalahgunaan, maka pelaku kejahatan akan merasa lebih menguntungkan untuk mengikuti aturan atau menyerang sistem lain.

Pasar yang Terdesentralisasi Membutuhkan Barang yang Terdesentralisasi

Namun pasar itu rumit. Mereka harus memberi pembeli dan penjual kemampuan untuk mengirimkan penawaran dan permintaan serta menemukan, mencocokkan, dan menyelesaikan pesanan. Kebijakan tersebut harus adil, memberikan konsistensi yang kuat, dan menjaga ketersediaan meskipun terjadi masa-masa yang tidak menentu.

Pasar global saat ini sangat mumpuni dan canggih, namun menggunakan barang-barang tradisional dan jaringan pembayaran untuk menerapkan insentif di pasar yang terdesentralisasi bukanlah hal yang baru. Setiap penggabungan antara sistem desentralisasi dan uang fiat, aset tradisional, atau komoditas fisik akan menimbulkan kembali ketergantungan pada otoritas pusat yang mengontrol pemroses pembayaran, bank, dan bursa.

Sistem terdesentralisasi tidak dapat mentransfer uang tunai, mencari saldo rekening perantara, atau menentukan kepemilikan properti. Barang-barang tradisional sama sekali tidak terbaca dalam sistem desentralisasi. Hal sebaliknya tidak benar—sistem tradisional dapat berinteraksi dengan Bitcoin semudah aktor lainnya (begitu mereka memutuskan ingin melakukannya). Batasan antara sistem tradisional dan desentralisasi bukanlah sebuah tembok yang tidak dapat dilewati, melainkan sebuah membran semi-permeabel.

Ini berarti bahwa sistem yang terdesentralisasi tidak dapat melaksanakan pembayaran dalam mata uang barang tradisional apa pun. Mereka bahkan tidak dapat menentukan saldo rekening yang didominasi fiat atau kepemilikan real estat atau barang fisik. Seluruh perekonomian tradisional sama sekali tidak terbaca dalam sistem desentralisasi.

Menciptakan pasar yang terdesentralisasi membutuhkan perdagangan barang-barang baru yang terdesentralisasi yang dapat dibaca dan ditransfer dalam sistem yang terdesentralisasi.

Komputasi Adalah Barang Terdesentralisasi yang Pertama

Contoh pertama dari “barang terdesentralisasi” adalah kelas komputasi khusus yang pertama kali diusulkan pada tahun 1993 oleh Cynthia Dwork dan Moni Naor.[^3]

Karena adanya hubungan mendalam antara matematika, fisika, dan ilmu komputer, komputasi ini memerlukan energi dan sumber daya perangkat keras di dunia nyata—hal ini tidak dapat dipalsukan. Karena sumber daya di dunia nyata langka, komputasi ini juga langka.

input untuk komputasi ini dapat berupa data apa pun. Keluaran yang dihasilkan adalah “bukti” digital bahwa pengkomputasian telah dilakukan pada data input yang diberikan. Pembuktian mengandung “kesulitan” tertentu yang merupakan bukti (statistik) dari sejumlah pekerjaan komputasi tertentu. Yang terpenting, hubungan antara data input, pembuktian, dan pekerjaan komputasi asli yang dilakukan dapat diverifikasi secara independen tanpa perlu mengajukan banding ke otoritas pusat mana pun.

Gagasan untuk menyebarkan beberapa data input bersama dengan bukti digital sebagai bukti kerja komputasi dunia nyata yang dilakukan pada input tersebut sekarang disebut “proof-of-work”.[^4] Proof-of-work adalah, jika menggunakan ungkapan Nick Szabo, “biaya yang tidak dapat ditiru”. Karena proof-of-work dapat diverifikasi oleh siapa pun, maka proof-of-work merupakan sumber daya ekonomi yang dapat dibaca oleh semua peserta dalam sistem desentralisasi. Proof-of-work mengubah penghitungan data menjadi barang yang terdesentralisasi. Dwork & Naor mengusulkan penggunaan komputasi untuk membatasi penyalahgunaan sumber daya bersama dengan memaksa peserta untuk memberikan proof-of-work dengan tingkat kesulitan minimum tertentu sebelum mereka dapat mengakses sumber daya:

“Dalam makalah ini kami menyarankan pendekatan komputasi untuk memerangi penyebaran surat elektronik. Secara umum, kami telah merancang mekanisme kontrol akses yang dapat digunakan kapan pun diinginkan untuk membatasi, namun tidak melarang, akses ke sumber daya.” - Dwoak & Naor, 1993

Dalam proposal Dwork & Naor, administrator sistem email akan menetapkan tingkat kesulitan bukti kerja minimum untuk mengirimkan email. Pengguna yang ingin mengirim email perlu melakukan sejumlah komputasi yang sesuai dengan email tersebut sebagai data input. Bukti yang dihasilkan akan dikirimkan ke server bersamaan dengan permintaan pengiriman email.

Dwork & Naor menyebut kesulitan proof-of-work sebagai “fungsi penetapan harga” karena, dengan menyesuaikan kesulitan tersebut, “otoritas penetapan harga” dapat memastikan bahwa sumber daya bersama tetap murah untuk digunakan bagi pengguna yang jujur dan rata-rata, namun mahal bagi pengguna yang mencari untuk mengeksploitasinya. Di pasar pengiriman email, administrator server adalah otoritas penetapan harga; mereka harus memilih “harga” untuk pengiriman email yang cukup rendah untuk penggunaan normal namun terlalu tinggi untuk spam.

Meskipun Dwork & Naor membingkai proof-of-work sebagai disinsentif ekonomi untuk memerangi penyalahgunaan sumber daya, nomenklatur “fungsi penetapan harga” dan “otoritas penetapan harga” mendukung interpretasi yang berbeda dan berbasis pasar: pengguna membeli akses ke sumber daya dengan imbalan komputasi pada tingkat yang sama. harga yang ditetapkan oleh pengontrol sumber daya.

Dalam interpretasi ini, jaringan pengiriman email sebenarnya adalah pengiriman email perdagangan pasar yang terdesentralisasi untuk komputasi. Kesulitan minimum dari proof-of-work adalah harga yang diminta untuk pengiriman email dalam mata uang komputasi.

Mata Uang Adalah Barang Terdesentralisasi yang kedua

Namun komputasi bukanlah mata uang yang baik.

Bukti yang digunakan untuk “memperdagangkan” komputasi hanya valid untuk input yang digunakan dalam komputasi tersebut. Hubungan yang tidak dapat dipecahkan antara bukti spesifik dan input tertentu berarti bahwa proof-of-work untuk satu input tidak dapat digunakan kembali untuk input yang berbeda.

Proof-of-work awalnya diusulkan sebagai mekanisme kontrol akses untuk membatasi email spam. Pengguna diharapkan memberikan bukti kerja bersama email apa pun yang ingin mereka kirim. Mekanisme ini juga dapat dianggap sebagai pasar di mana pengguna membeli pengiriman email dengan komputasi pada harga yang dipilih oleh penyedia layanan email.

Batasan ini berguna – dapat digunakan untuk mencegah pekerjaan yang dilakukan oleh satu pembeli di pasar kemudian dibelanjakan kembali oleh pembeli lain. Misalnya, HashCash, implementasi nyata pertama dari pasar pengiriman email, menyertakan metadata seperti stempel waktu saat ini dan alamat email pengirim dalam data masukan untuk penghitungan bukti kerja. Bukti yang dihasilkan oleh pengguna tertentu untuk email tertentu, tidak dapat digunakan untuk email yang berbeda.

Namun ini juga berarti bahwa komputasi bukti kerja adalah barang yang dipesan lebih dahulu. Dana tersebut tidak dapat dipertukarkan, tidak dapat dibelanjakan kembali,[^5] dan tidak memecahkan masalah kebutuhan yang terjadi secara kebetulan. Properti moneter yang hilang ini mencegah komputasi menjadi mata uang. Terlepas dari namanya, tidak ada insentif bagi penyedia pengiriman email untuk ingin mengakumulasikan HashCash, karena akan ada uang tunai sebenarnya.

Adam Back, penemu HashCash, memahami masalah berikut:

"Hashcash tidak dapat ditransfer secara langsung karena untuk membuatnya didistribusikan, setiap penyedia layanan hanya menerima pembayaran dalam bentuk tunai yang dibuat untuk mereka. Anda mungkin dapat menyiapkan pencetakan gaya digicash (dengan chaumian ecash) dan meminta bank hanya mencetak uang tunai pada penerimaan tabrakan hash yang ditangani. Namun ini berarti Anda harus mempercayai bank untuk tidak mencetak uang dalam jumlah tak terbatas untuk digunakan sendiri." - Adam Back, 1997

Kita tidak ingin menukar komputasi yang dibuat khusus untuk setiap barang atau jasa yang dijual dalam perekonomian yang terdesentralisasi. Kita menginginkan mata uang digital serba guna yang dapat langsung digunakan untuk mengoordinasikan pertukaran nilai di pasar mana pun.

Membangun mata uang digital yang berfungsi namun tetap terdesentralisasi merupakan tantangan yang signifikan. Mata uang membutuhkan unit yang dapat dipertukarkan dengan nilai yang sama yang dapat ditransfer antar pengguna. Hal ini memerlukan model penerbitan, definisi kriptografi kepemilikan dan transfer, proses penemuan dan penyelesaian transaksi, dan buku besar historis. Infrastruktur ini tidak diperlukan ketika bukti kerja hanya dianggap sebagai “mekanisme kontrol akses”.

Terlebih lagi, sistem desentralisasi adalah pasar, jadi semua fungsi dasar mata uang ini harus disediakan melalui penyedia layanan berbayar… dalam satuan mata uang yang sedang dibuat!

Seperti mengkompilasi compiler pertama, permulaan jaringan listrik yang gelap, atau evolusi kehidupan itu sendiri, pencipta mata uang digital dihadapkan pada masalah bootstrapping: bagaimana mendefinisikan insentif ekonomi yang mendasari mata uang yang berfungsi tanpa memiliki mata uang yang berfungsi di dalamnya yang akan mendenominasikan atau membayar insentif tersebut.

Komputasi dan mata uang adalah barang pertama dan kedua di pasar yang terdesentralisasi. Proof-of-work sendiri memungkinkan pertukaran komputasi tetapi mata uang yang berfungsi memerlukan lebih banyak infrastruktur. Butuh waktu 15 tahun bagi komunitas cypherpunk untuk mengembangkan infrastruktur tersebut.

Pasar Terdesentralisasi Pertama harus Memperdagangkan Komputasi untuk Mata Uang

Kemajuan dalam masalah bootstrapping ini berasal dari penyusunan batasan yang tepat.

Sistem yang terdesentralisasi harus menjadi pasar. Pasar terdiri dari pembeli dan penjual yang saling bertukar barang. Pasar terdesentralisasi untuk mata uang digital hanya memiliki dua barang yang dapat dibaca di dalamnya:

1. Komputasi melalui proof-of-work
2. Unit mata uang yang kita coba bangun

Oleh karena itu, satu-satunya perdagangan pasar yang memungkinkan adalah antara kedua barang tersebut. Komputasi harus dijual untuk satuan mata uang atau setara dengan satuan mata uang harus dijual untuk komputasi. Menyatakan hal ini sangatlah mudah—bagian tersulitnya adalah menata pasar ini sehingga sekadar menukar mata uang untuk komputasi akan mem-bootstrap semua kemampuan mata uang itu sendiri!

Seluruh sejarah mata uang digital yang berpuncak pada white paper Satoshi tahun 2008 adalah serangkaian upaya yang semakin canggih dalam menata pasar ini. Bagian berikut mengulas proyek-proyek seperti bit gold milik Nick Szabo dan B-money milik Wei Dai. Memahami bagaimana proyek-proyek ini menyusun pasar mereka dan mengapa mereka gagal akan membantu kita memahami mengapa Satoshi dan Bitcoin berhasil.

Bagaimana Sistem Desentralisasi Dapat Menentukan Harga Komputasi?

Fungsi utama pasar adalah penemuan harga. Oleh karena itu, komputasi perdagangan pasar untuk mata uang harus menemukan harga komputasi itu sendiri, dalam satuan mata uang tersebut.

Kita biasanya tidak memberikan nilai moneter pada komputasi. Kita biasanya menghargai kapasitas untuk melakukan komputasi karena kita menghargai output dari komputasi, bukan komputasi itu sendiri. Jika keluaran yang sama dapat dilakukan dengan lebih efisien, dengan komputasi yang lebih sedikit, hal ini biasanya disebut “kemajuan”.

Proof-of-work mewakili komputasi spesifik yang keluarannya hanya berupa bukti bahwa komputasi tersebut telah dilakukan. Menghasilkan bukti yang sama dengan melakukan lebih sedikit komputasi dan lebih sedikit pekerjaan tidak akan menghasilkan kemajuan—hal ini akan menjadi bug. Oleh karena itu, komputasi yang terkait dengan Proof-of-work merupakan hal yang aneh dan baru untuk dicoba dihargai.

Ketika bukti kerja dianggap sebagai disinsentif terhadap penyalahgunaan sumber daya, maka bukti kerja tidak perlu dinilai secara tepat dan konsisten. Yang terpenting adalah penyedia layanan email menetapkan tingkat kesulitan yang cukup rendah sehingga tidak terlihat oleh pengguna yang sah, namun cukup tinggi sehingga menjadi penghalang bagi pelaku spam. Oleh karena itu, terdapat beragam “harga” yang dapat diterima dan setiap peserta bertindak sebagai otoritas penetapan harga mereka sendiri, dengan menerapkan fungsi penetapan harga lokal.

Namun satuan mata uang dimaksudkan agar dapat dipertukarkan, masing-masing memiliki nilai yang sama. Karena perubahan teknologi dari waktu ke waktu, dua unit mata uang yang dibuat dengan tingkat kesulitan proof-of-work yang sama—yang diukur dengan jumlah komputasi yang sesuai—mungkin memiliki biaya produksi yang sangat berbeda di dunia nyata, yang diukur dengan waktu, energi, dan/atau modal untuk melakukan komputasi tersebut. Ketika komputasi dijual dengan menggunakan mata uang, dan biaya produksi yang mendasarinya bervariasi, bagaimana pasar dapat memastikan harga yang konsisten?

Nick Szabo dengan jelas mengidentifikasi masalah harga ini ketika menjelaskan bit gold:

"Masalah utamanya...adalah bahwa skema pembuktian kerja bergantung pada arsitektur komputer, bukan hanya matematika abstrak yang didasarkan pada "siklus komputasi" abstrak. ...Jadi, ada kemungkinan untuk menjadi produsen berbiaya sangat rendah (dengan beberapa kali lipat besarnya) dan membanjiri pasar dengan bit gold." - Szabo, 2005

Mata uang terdesentralisasi yang diciptakan melalui proof-of-work akan mengalami kelebihan pasokan dan penurunan pasokan seiring dengan perubahan pasokan komputasi seiring waktu. Untuk mengakomodasi volatilitas ini, jaringan harus belajar menghitung harga secara dinamis.

Mata uang digital awal mencoba memberi harga pada komputasi dengan mencoba mengukur “biaya komputasi” secara kolektif. Wei Dai, misalnya, mengusulkan solusi praktis berikut dalam B-money:

"Jumlah unit moneter yang diciptakan sama dengan biaya upaya komputasi dalam sekeranjang komoditas standar. Sebagai contoh, jika sebuah masalah memerlukan waktu 100 jam untuk diselesaikan pada komputer yang dapat menyelesaikannya dengan cara yang paling ekonomis, dan diperlukan 3 keranjang standar untuk membeli 100 jam waktu komputasi pada komputer tersebut di pasar terbuka, maka setelah solusi terhadap masalah tersebut disiarkan, setiap orang mengkredit rekening penyiar sebanyak 3 unit." - Dai, 1998

Sayangnya, Dai tidak menjelaskan bagaimana pengguna dalam sistem yang seharusnya terdesentralisasi seharusnya menyetujui definisi “keranjang standar”, komputer mana yang memecahkan masalah tertentu “paling ekonomis”, atau biaya komputasi di “pasar terbuka”. Mencapai konsensus di antara semua pengguna mengenai kumpulan data bersama yang berubah-ubah terhadap waktu adalah masalah penting dalam sistem desentralisasi!

Agar adil bagi Dai, dia menyadari hal ini:

“Salah satu bagian yang lebih bermasalah dalam protokol B-money adalah penciptaan uang. Bagian dari protokol ini mengharuskan semua [pengguna] memutuskan dan menyetujui biaya perhitungan tertentu. Sayangnya karena teknologi komputasi cenderung berkembang pesat dan tidak selalu bersifat publik, informasi ini mungkin tidak tersedia, tidak akurat, atau ketinggalan jaman, yang semuanya akan menyebabkan masalah serius pada protokol." - Dai, 1998

Dai kemudian mengusulkan mekanisme penetapan harga berbasis lelang yang lebih canggih yang kemudian dikatakan Satoshi sebagai titik awal idenya. Kita akan kembali ke skema lelang di bawah ini, tapi pertama-tama mari kita beralih ke bit gold, dan pertimbangkan wawasan Szabo tentang masalahnya.

Gunakan Pasar Eksternal

Szabo mengklaim bahwa proof-of-work harus “diberi stempel waktu dengan aman”:

"Bukti kerja diberi stempel waktu yang aman. Ini harus bekerja secara terdistribusi, dengan beberapa layanan stempel waktu berbeda sehingga tidak ada layanan stempel waktu tertentu yang perlu diandalkan secara substansial." - Szabo, 2005

Szabo tertaut ke halaman sumber daya tentang protokol penandaan waktu yang aman tetapi tidak menjelaskan algoritme spesifik apa pun untuk penandaan waktu yang aman. Ungkapan “aman” dan “fesyen terdistribusi” mempunyai pengaruh yang besar di sini, sehingga dapat mengatasi kerumitan dalam mengandalkan satu (atau banyak) layanan “di luar sistem” untuk penandaan waktu.[^6]

Waktu pembuatan unit mata uang digital penting karena menghubungkan komputasi yang dilakukan dengan biaya produksi di dunia nyata.

Terlepas dari ketidakjelasan implementasi, Szabo benar—waktu pembuatan proof-of-work merupakan faktor penting dalam menentukan harga karena terkait dengan biaya komputasi:

"…Namun, karena bit gold diberi stempel waktu, waktu yang dibuat serta tingkat kesulitan matematis dari pekerjaan tersebut dapat dibuktikan secara otomatis. Dari sini, biasanya dapat disimpulkan berapa biaya produksi selama periode waktu tersebut..." - Szabo, 2005

"Menyimpulkan" biaya produksi adalah hal yang penting karena bit gold tidak memiliki mekanisme untuk membatasi penciptaan uang. Siapapun dapat membuat bit gold dengan melakukan perhitungan yang sesuai. Tanpa kemampuan untuk mengatur penerbitan, bit gold sama dengan barang koleksi:

"…Tidak seperti atom emas yang dapat dipertukarkan, tetapi seperti halnya barang-barang kolektor, pasokan dalam jumlah besar selama jangka waktu tertentu akan menurunkan nilai barang-barang tersebut. Dalam hal ini, emas kecil bertindak lebih seperti barang-barang kolektor daripada seperti emas..." - Szabo, 2005

Bit gold memerlukan proses eksternal tambahan untuk menciptakan unit mata uang yang sepadan:

“…[B]it Gold tidak dapat dipertukarkan berdasarkan fungsi sederhana, misalnya, panjang tali. Sebaliknya, untuk membuat unit yang dapat dipertukarkan, dealer harus menggabungkan potongan-potongan bit gold dengan nilai berbeda ke dalam satuan yang lebih besar kira-kira dengan nilai yang sama. Hal ini serupa dengan apa yang dilakukan banyak pedagang komoditas saat ini untuk memungkinkan pasar komoditas bekerja. Kepercayaan masih terdistribusi karena perkiraan nilai dari kumpulan tersebut dapat diverifikasi secara independen oleh banyak pihak lain dengan cara yang sebagian besar atau seluruhnya otomatis." - Szabo, 2005

Mengutip Szabo, “untuk menguji nilai… bit gold, dealer memeriksa dan memverifikasi tingkat kesulitan, masukan, dan stempel waktu”. Dealer yang mendefinisikan “unit yang lebih besar dengan nilai yang kira-kira sama” menyediakan fungsi penetapan harga yang serupa dengan “keranjang komoditas standar” Dai. Unit yang dapat dipertukarkan tidak dibuat dalam bentuk bit gold ketika bukti kerja diproduksi, hanya kemudian ketika bukti tersebut digabungkan menjadi “unit yang kira-kira bernilai sama” oleh dealer di pasar di luar jaringan.

Yang patut disyukuri, Szabo mengakui kelemahan ini:

"…Potensi kelebihan pasokan yang awalnya tersembunyi karena inovasi tersembunyi dalam arsitektur mesin adalah potensi kelemahan dalam bit gold, atau setidaknya ketidaksempurnaan yang harus diatasi oleh lelang awal dan pertukaran ex post bit gold." - Szabo, 2005

Sekali lagi, meskipun belum sampai pada (yang sekarang kita kenal sebagai) solusinya, Szabo menunjukkan solusinya: karena biaya komputasi berubah seiring waktu, jaringan harus merespons perubahan pasokan komputasi dengan menyesuaikan harga uang.

Gunakan Pasar Internal

Dealer Szabo akan menjadi pasar eksternal yang menentukan harga (bundel dari) bit gold setelah penciptaannya. Apakah mungkin menerapkan pasar ini di dalam sistem dan bukan di luar sistem?

Mari kita kembali ke Wei Dai dan B-money. Seperti disebutkan sebelumnya, Dai mengusulkan model alternatif berbasis lelang untuk pembuatan B-money. Desain Satoshi untuk Bitcoin meningkat secara langsung pada model lelang B-money[^7]:

“Jadi saya mengusulkan subprotokol penciptaan uang alternatif, di mana [pengguna]… memutuskan dan menyetujui jumlah B-money yang akan dibuat setiap periode, dengan biaya pembuatan uang tersebut ditentukan melalui lelang. Setiap periode pembuatan uang adalah dibagi menjadi empat tahap, sebagai berikut:

Planning. Para [pengguna] menghitung dan bernegosiasi satu sama lain untuk menentukan peningkatan jumlah uang beredar yang optimal untuk periode berikutnya. Apakah [jaringan] dapat mencapai konsensus atau tidak, mereka masing-masing menyiarkan kuota penciptaan uang mereka dan komputasi makroekonomi apa pun yang dilakukan untuk mendukung angka tersebut.

Bidding. Siapapun yang ingin membuat B-money menyiarkan tawaran dalam bentuk dimana x adalah banyaknya B-money yang ingin dibuatnya, dan y adalah soal yang belum terselesaikan dari kelas soal yang telah ditentukan. Setiap masalah di kelas ini harus memiliki biaya nominal (katakanlah dalam MIPS-years) yang disetujui secara publik.

Computation. Setelah melihat penawaran, pihak yang mengajukan penawaran pada tahap penawaran sekarang dapat menyelesaikan masalah dalam penawarannya dan menyiarkan solusinya. Penciptaan uang.

Money creation. Setiap [pengguna] menerima tawaran tertinggi (di antara mereka yang benar-benar menyiarkan solusi) dalam hal biaya nominal per unit B-money yang dibuat dan memberikan kredit kepada akun penawar sesuai dengan itu."
- Dai, 1998

B-money membuat kemajuan signifikan menuju struktur pasar yang tepat untuk mata uang digital. Ini berupaya untuk menghilangkan dealer eksternal Szabo dan memungkinkan pengguna untuk terlibat dalam penemuan harga dengan menawar satu sama lain secara langsung.

Namun menerapkan proposal Dai seperti yang tertulis akan menjadi sebuah tantangan:

• Dalam fase "Planning”, pengguna menanggung beban menegosiasikan “peningkatan optimal jumlah uang beredar untuk periode berikutnya”. Bagaimana “optimal” harus didefinisikan, bagaimana pengguna harus bernegosiasi satu sama lain, dan bagaimana hasil negosiasi tersebut dibagikan tidak dijelaskan.
• Terlepas dari apa yang direncanakan, fase “Bidding” memungkinkan siapa saja untuk mengajukan “tawaran” untuk membuat B-money. Tawaran mencakup jumlah B-money yang akan dibuat serta jumlah bukti kerja yang sesuai sehingga setiap penawaran adalah harga, jumlah perhitungan yang bersedia dilakukan oleh penawar tertentu untuk membeli sejumlah tertentu. dari B-money.
• Setelah penawaran diserahkan, fase “Computation” terdiri dari peserta lelang yang melakukan proof-of-work yang mereka tawarkan dan menyiarkan solusi. Tidak ada mekanisme untuk mencocokkan penawar dengan solusi yang disediakan. Yang lebih problematis adalah tidak jelasnya bagaimana pengguna dapat mengetahui bahwa semua penawaran telah diajukan – kapan fase “Bidding” berakhir dan fase “Computation” dimulai?
• Masalah-masalah ini berulang dalam fase “Money creation”. Karena sifat proof-of-work, pengguna dapat memverifikasi bahwa bukti yang mereka terima dalam solusi adalah asli. Namun bagaimana pengguna dapat secara kolektif menyepakati serangkaian “tawaran tertinggi”? Bagaimana jika pengguna yang berbeda memilih set yang berbeda, baik karena preferensi atau latensi jaringan?

Sistem yang terdesentralisasi kesulitan dalam melacak data dan membuat pilihan secara konsisten, namun B-money memerlukan pelacakan tawaran dari banyak pengguna dan membuat pilihan konsensus di antara mereka. Kompleksitas ini menghalangi penerapan B-money.

Akar dari kompleksitas ini adalah keyakinan Dai bahwa tingkat “optimal” penciptaan B-money harus berfluktuasi seiring waktu berdasarkan “perhitungan makroekonomi” penggunanya. Seperti bit gold, B-money tidak memiliki mekanisme untuk membatasi penciptaan uang. Siapapun dapat membuat unit B-money dengan menyiarkan tawaran dan kemudian melakukan proof-of-work yang sesuai.

Baik Szabo maupun Dai mengusulkan penggunaan pasar pertukaran mata uang digital untuk komputasi, namun baik bit gold maupun B-money tidak menentukan kebijakan moneter untuk mengatur pasokan mata uang di pasar ini.

Tujuan Kebijakan Moneter Satoshi Menghasilkan Bitcoin

Sebaliknya, kebijakan moneter yang sehat adalah salah satu tujuan utama Satoshi dalam proyek Bitcoin. Dalam postingan milis pertama tempat Bitcoin diumumkan, Satoshi menulis:

“Akar permasalahan mata uang konvensional adalah kepercayaan yang diperlukan agar mata uang tersebut dapat berfungsi. Bank sentral harus dipercaya untuk tidak merendahkan mata uang tersebut, namun sejarah mata uang fiat penuh dengan pelanggaran terhadap kepercayaan tersebut.” - Satoshi, 2009

Satoshi selanjutnya menjelaskan masalah lain dengan mata uang fiat seperti perbankan cadangan fraksional yang berisiko, kurangnya privasi, pencurian & penipuan yang merajalela, dan ketidakmampuan melakukan pembayaran mikro. Namun Satoshi memulai dengan isu penurunan nilai oleh bank sentral—dengan kekhawatiran mengenai kebijakan moneter.

Satoshi ingin Bitcoin pada akhirnya mencapai pasokan sirkulasi terbatas yang tidak dapat terdilusi seiring waktu. Tingkat penciptaan Bitcoin yang “optimal”, bagi Satoshi, pada akhirnya akan menjadi nol.

Tujuan kebijakan moneter ini, lebih dari karakteristik lain yang mereka miliki secara pribadi (atau kolektif!), adalah alasan Satoshi “menemukan” Bitcoin, blockchain, konsensus Nakamoto, dll. —dan bukan orang lain. Ini adalah jawaban singkat atas pertanyaan yang diajukan dalam judul artikel ini: Satoshi memikirkan Bitcoin karena mereka fokus pada penciptaan mata uang digital dengan persediaan terbatas.

Pasokan Bitcoin yang terbatas bukan hanya tujuan kebijakan moneter atau meme bagi para Bitcoiner untuk berkumpul. Penyederhanaan teknis penting inilah yang memungkinkan Satoshi membangun mata uang digital yang berfungsi sementara B-money Dai tetap menjadi postingan web yang menarik.

Bitcoin adalah B-money dengan persyaratan tambahan berupa kebijakan moneter yang telah ditentukan. Seperti banyak penyederhanaan teknis lainnya, pembatasan kebijakan moneter memungkinkan kemajuan dengan mengurangi ruang lingkup. Mari kita lihat bagaimana masing-masing fase pembuatan B-money disederhanakan dengan menerapkan batasan ini.

Semua Pasokan 21 Juta Bitcoin Sudah Ada

Dalam b-money, setiap “periode penciptaan uang” mencakup fase “Perencanaan”, di mana pengguna diharapkan untuk membagikan “perhitungan makroekonomi” mereka yang membenarkan jumlah b-money yang ingin mereka ciptakan pada saat itu. Tujuan kebijakan moneter Satoshi yaitu pasokan terbatas dan emisi nol tidak sesuai dengan kebebasan yang diberikan b-money kepada pengguna individu untuk menghasilkan uang. Oleh karena itu, langkah pertama dalam perjalanan dari bmoney ke bitcoin adalah menghilangkan kebebasan ini. Pengguna bitcoin perorangan tidak dapat membuat bitcoin. Hanya jaringan bitcoin yang dapat membuat bitcoin, dan hal ini terjadi tepat sekali, pada tahun 2009 ketika Satoshi meluncurkan proyek bitcoin.

Satoshi mampu menggantikan fase “Perencanaan” b-money yang berulang menjadi satu jadwal yang telah ditentukan sebelumnya di mana 21 juta bitcoin yang dibuat pada tahun 2009 akan dilepaskan ke peredaran. Pengguna secara sukarela mendukung kebijakan moneter Satoshi dengan mengunduh dan menjalankan perangkat lunak Bitcoin Core yang kebijakan moneternya dikodekan secara keras.

Hal ini mengubah semantik pasar bitcoin untuk komputasi. Bitcoin yang dibayarkan kepada penambang bukanlah hal baru yang diterbitkan; itu melainkan baru dirilis ke peredaran dari persediaan yang ada.

Pandangan ini sangat berbeda dari klaim naif bahwa “penambang bitcoin menciptakan bitcoin”. Penambang Bitcoin tidak menciptakan bitcoin, mereka membelinya. Bitcoin tidak berharga karena “bitcoin terbuat dari energi”—tetapi nilai bitcoin didemonstrasikan dengan dijual untuk mendapatkan energi.

Mari kita ulangi sekali lagi: bitcoin tidak dibuat melalui proof-of-work, bitcoin dibuat melalui konsensus.

Desain Satoshi menghilangkan persyaratan untuk fase “Perencanaan” yang berkelanjutan dari b-money dengan melakukan semua perencanaan terlebih dahulu. Hal ini memungkinkan Satoshi untuk membuat kebijakan moneter yang sehat namun juga menyederhanakan penerapan bitcoin.

Bitcoin dihargai Melalui Konsensus

Kebebasan yang diberikan kepada pengguna untuk menghasilkan uang menimbulkan beban yang sesuai bagi jaringan bmoney. Selama fase “Penawaran” jaringan b-money harus mengumpulkan dan membagikan “tawaran” pembuatan uang dari banyak pengguna yang berbeda.

Menghilangkan kebebasan untuk menghasilkan uang akan meringankan beban jaringan bitcoin. Karena seluruh 21 juta bitcoin sudah ada, jaringan tidak perlu mengumpulkan tawaran dari pengguna untuk menghasilkan uang, jaringan hanya perlu menjual bitcoin sesuai jadwal Satoshi yang telah ditentukan.

Jaringan bitcoin dengan demikian menawarkan konsensus harga permintaan untuk bitcoin yang dijualnya di setiap blok. Harga tunggal ini dihitung oleh setiap node secara independen menggunakan salinan blockchainnya. Jika node memiliki konsensus pada blockchain yang sama (poin yang akan kita bahas nanti) mereka semua akan menawarkan harga permintaan yang sama di setiap blok.[^8]

Bagian pertama kalkulasi harga konsensus menentukan berapa banyak bitcoin yang akan dijual. Hal ini diperbaiki oleh jadwal rilis Satoshi yang telah ditentukan sebelumnya. Semua node bitcoin di jaringan menghitung jumlah yang sama untuk blok tertentu:

$ bitcoin-cli getblockstats <block\_height> {... "subsidy": 6250000000, ... } # 6.25 BTC

Bagian kedua dari harga yang diminta secara konsensus adalah jumlah komputasi yang akan menjual subsidi saat ini. Sekali lagi, semua node bitcoin di jaringan menghitung nilai yang sama (kita akan meninjau kembali kalkulasi tingkat kesulitan ini di bagian berikutnya):

$ bitcoin-cli getdifficulty {... "result": 55621444139429.57, ... }

Bersama-sama, subsidi dan kesulitan jaringan menentukan permintaan bitcoin saat ini sebagai mata uang komputasi. Karena blockchain berada dalam konsensus, harga ini adalah harga konsensus.

Pengguna b-money juga dianggap memiliki konsensus “blockchain” yang berisi riwayat semua transaksi. Namun Dai tidak pernah memikirkan solusi sederhana berupa konsensus tunggal yang meminta harga untuk pembuatan b-money baru, yang hanya ditentukan oleh data di blockchain tersebut.

Sebaliknya, Dai berasumsi bahwa penciptaan uang harus berlangsung selamanya. Oleh karena itu, pengguna individu perlu diberdayakan untuk mempengaruhi kebijakan moneter – seperti halnya mata uang fiat. Persyaratan yang dirasakan ini membuat Dai merancang sistem penawaran yang mencegah penerapan b-money.

Kompleksitas tambahan ini dihilangkan dengan persyaratan Satoshi mengenai kebijakan moneter yang telah ditentukan sebelumnya.

Waktu Menutup Semua Penyebaran

Dalam fase “Komputasi” b-money, pengguna individu akan melakukan komputasi yang telah mereka lakukan dalam penawaran sebelumnya. Dalam bitcoin, seluruh jaringan adalah penjual – tetapi siapa pembelinya?

Di pasar pengiriman email, pembelinya adalah individu yang ingin mengirim email. Otoritas penetapan harga, penyedia layanan email, akan menetapkan harga yang dianggap murah bagi individu namun mahal bagi pelaku spam. Namun jika jumlah pengguna yang sah bertambah, harganya masih bisa tetap sama karena kekuatan komputasi masing-masing pengguna akan tetap sama.

Di b-money, setiap pengguna yang menyumbangkan tawaran untuk pembuatan uang selanjutnya harus melakukan sendiri jumlah komputasi yang sesuai. Setiap pengguna bertindak sebagai otoritas penetapan harga berdasarkan pengetahuan mereka tentang kemampuan komputasi mereka sendiri.

Jaringan bitcoin menawarkan satu harga yang diminta dalam komputasi subsidi bitcoin saat ini. Namun tidak ada penambang individu yang menemukan blok yang melakukan komputasi sebanyak ini.[^9] Blok pemenang penambang individu adalah bukti bahwa semua penambang secara kolektif melakukan jumlah komputasi yang diperlukan. Pembeli bitcoin dengan demikian adalah industri penambangan bitcoin global.

Setelah mencapai konsensus harga yang diminta, jaringan bitcoin tidak akan mengubah harga tersebut sampai lebih banyak blok diproduksi. Blok-blok ini harus berisi proof-of-work dengan harga yang diminta saat ini. Oleh karena itu, industri pertambangan tidak punya pilihan jika ingin “melakukan perdagangan” selain membayar harga yang diminta saat ini dalam komputasi.

Satu-satunya variabel yang dapat dikontrol oleh industri pertambangan adalah berapa lama waktu yang dibutuhkan untuk memproduksi blok berikutnya. Sama seperti jaringan bitcoin yang menawarkan satu harga yang diminta, industri pertambangan juga menawarkan satu penawaran—waktu yang diperlukan untuk menghasilkan blok berikutnya yang memenuhi harga yang diminta jaringan saat ini.

Untuk mengimbangi peningkatan kecepatan perangkat keras dan minat yang berbeda-beda dalam menjalankan node dari waktu ke waktu, kesulitan proof-of-work ditentukan oleh rata-rata bergerak yang menargetkan jumlah rata-rata blok per jam. Jika dihasilkan terlalu cepat, kesulitannya akan meningkat. - Nakamoto, 2008

Satoshi dengan sederhana menjelaskan algoritma penyesuaian kesulitan, yang sering disebut sebagai salah satu ide paling orisinal dalam implementasi bitcoin. Hal ini benar, namun alih-alih berfokus pada daya cipta solusi, mari kita fokus pada mengapa penyelesaian masalah sangat penting bagi Satoshi.

Proyek-proyek seperti bit gold dan b-money tidak perlu membatasi nilai tukar pada saat penciptaan uang karena mereka tidak memiliki pasokan tetap atau kebijakan moneter yang telah ditentukan sebelumnya. Periode penciptaan uang yang lebih cepat atau lebih lambat dapat dikompensasikan melalui cara lain, misalnya melalui pajak. Dealer eksternal memasukkan token bit gold ke dalam bundler yang lebih besar atau lebih kecil atau pengguna b-money mengubah tawaran mereka.

Namun tujuan kebijakan moneter Satoshi mengharuskan bitcoin memiliki tingkat pelepasan bitcoin yang telah ditentukan untuk diedarkan. Membatasi laju (statistik) produksi blok dari waktu ke waktu adalah hal yang wajar dalam bitcoin karena laju produksi blok adalah laju penjualan pasokan awal bitcoin. Menjual 21 juta bitcoin selama 140 tahun adalah proposisi yang berbeda dibandingkan membiarkannya dijual dalam 3 bulan.

Selain itu, bitcoin sebenarnya dapat menerapkan batasan ini karena blockchain adalah “protokol cap waktu aman” milik Szabo. Satoshi menggambarkan bitcoin sebagai yang pertama dan terutama sebagai “server stempel waktu terdistribusi secara peer-to-peer,” dan implementasi awal kode sumber bitcoin menggunakan “rantai waktu” dunia, bukan “blockchain” untuk menggambarkan struktur data bersama yang mengimplementasikan pasar proof-of-work bitcoin.[^10]

Tidak seperti bit gold atau b-money, token dalam bitcoin tidak mengalami kelebihan pasokan. Jaringan bitcoin menggunakan penyesuaian kesulitan untuk mengubah harga uang sebagai respons terhadap perubahan pasokan komputasi.

Algoritme penyesuaian ulang kesulitan Bitcoin memanfaatkan kemampuan ini. Blockchain konsensus digunakan oleh peserta untuk menghitung penawaran historis yang dibuat oleh industri pertambangan dan menyesuaikan kembali kesulitan agar bisa mendekati waktu blok target.

Pesanan Terunggul Menciptakan Konsensus

Rantai penyederhanaan yang disebabkan oleh tuntutan kebijakan moneter yang kuat meluas ke fase “penciptaan uang” dari b-money.

Tawaran yang diajukan pengguna di b-money mengalami masalah “tidak ada yang dipertaruhkan”. Tidak ada mekanisme untuk mencegah pengguna mengajukan tawaran dengan sejumlah besar b-money untuk pekerjaan yang sangat sedikit. Hal ini mengharuskan jaringan untuk melacak tawaran mana yang telah diselesaikan dan hanya menerima “tawaran tertinggi…dalam hal biaya nominal per unit b-money yang dibuat” untuk menghindari tawaran yang mengganggu tersebut. Setiap peserta b-money harus melacak seluruh tawaran senilai buku pesanan, mencocokkan tawaran dengan perhitungan selanjutnya, dan hanya menyelesaikan pesanan yang telah selesai dengan harga tertinggi.

Masalah ini merupakan contoh dari masalah konsensus yang lebih umum dalam sistem desentralisasi, yang juga dikenal sebagai “Byzantine generals” atau terkadang masalah “pembelanjaan ganda” dalam konteks mata uang digital. Berbagi urutan data yang identik di antara semua peserta merupakan suatu tantangan dalam jaringan yang saling bermusuhan dan terdesentralisasi. Solusi yang ada untuk masalah ini – yang disebut “algoritma konsensus Byzantine-fault tolerant (BFT)” – memerlukan koordinasi sebelumnya di antara peserta atau mayoritas (>67%) peserta agar tidak berperilaku bermusuhan.

Bitcoin tidak harus mengelola buku pesanan dalam jumlah besar karena jaringan bitcoin menawarkan harga permintaan konsensus tunggal. Ini berarti node bitcoin dapat menerima blok pertama (valid) yang mereka lihat yang memenuhi harga yang diminta jaringan saat ini—tawaran gangguan dapat dengan mudah diabaikan dan merupakan pemborosan sumber daya penambang.

Komputasi harga berdasarkan konsensus memungkinkan pencocokan pesanan beli/jual dalam bitcoin dilakukan secara antusias, dengan sistem siapa cepat dia dapat. Berbeda dengan b-money, pencocokan pesanan yang cepat ini berarti bahwa pasar bitcoin tidak memiliki fase—pasar ini beroperasi terus-menerus, dengan harga konsensus baru dihitung setelah setiap pesanan dicocokkan (blok ditemukan). Untuk menghindari percabangan yang disebabkan oleh latensi jaringan atau perilaku bertentangan, node juga harus mengikuti aturan rantai terberat. Aturan penyelesaian pesanan yang serakah ini memastikan bahwa hanya tawaran tertinggi yang diterima oleh jaringan.

Kombinasi algoritma yang antusias dan serakah ini, dimana node menerima blok valid pertama yang mereka lihat dan juga mengikuti rantai terberat, adalah algoritma BFT baru yang dengan cepat menyatu pada konsensus tentang urutan blok. Satoshi menghabiskan 25% dari white paper bitcoin untuk mendemonstrasikan klaim ini.[^11]

Kita telah menetapkan di bagian sebelumnya bahwa harga permintaan konsensus bitcoin itu sendiri bergantung pada konsensus blockchain. Namun ternyata keberadaan harga permintaan konsensus tunggal inilah yang memungkinkan perhitungan pasar untuk mencocokkan pesanan dengan penuh semangat, dan itulah yang pertama-tama mengarah pada konsensus!

Terlebih lagi, “konsensus Nakamoto” yang baru ini hanya mengharuskan 50% peserta untuk tidak bertentangan, sebuah kemajuan yang signifikan dibandingkan dengan kondisi sebelumnya. Seorang cypherpunk seperti Satoshi membuat terobosan ilmu komputer teoretis ini, dibandingkan dengan akademisi tradisional atau peneliti industri, karena fokus mereka yang sempit pada penerapan uang yang sehat, dibandingkan algoritma konsensus umum untuk komputasi terdistribusi.

Kesimpulan

B-money adalah kerangka kerja yang kuat untuk membangun mata uang digital tetapi tidak lengkap karena tidak memiliki kebijakan moneter. Membatasi b-money dengan jadwal rilis yang telah ditentukan untuk bitcoin mengurangi cakupan dan menyederhanakan implementasi dengan menghilangkan persyaratan untuk melacak dan memilih di antara tawaran pembuatan uang yang diajukan pengguna. Mempertahankan kecepatan sementara dari jadwal rilis Satoshi menghasilkan algoritma penyesuaian kesulitan dan memungkinkan konsensus Nakamoto, yang secara luas diakui sebagai salah satu aspek paling inovatif dalam implementasi bitcoin.

Ada lebih banyak hal dalam desain bitcoin daripada aspek yang dibahas sejauh ini. Kita memfokuskan artikel ini pada pasar “utama” dalam bitcoin, pasar yang mendistribusikan pasokan awal bitcoin ke dalam sirkulasi.

Artikel berikutnya dalam seri ini akan mengeksplorasi pasar penyelesaian transaksi bitcoin dan kaitannya dengan pasar pendistribusian pasokan bitcoin. Hubungan ini akan menyarankan metodologi bagaimana membangun pasar masa depan untuk layanan terdesentralisasi selain bitcoin.

Sumber artikel: HOW DID SATOSHI THINK OF BITCOIN? https://bitcoinmagazine.com/technical/how-did-satoshi-think-of-bitcoin

Diterjemahkan oleh: Abengkris

[^1]: Judul seri ini diambil dari pesan telegraf pertama dalam sejarah, yang dikirimkan oleh Samuel Morse pada tahun 1844: “What hath God wrought?”.

[^2]: Bitcoin: Sistem Uang Elektronik Peer-to-Peer, tersedia di: https://bitcoin.org/bitcoin.pdf

[^3]: Pricing via Processing or Combatting Junk Mail oleh Dwork dan Naor. tersedia di:
https://www.wisdom.weizmann.ac.il/../../pvp.pdf

[^4]: Meskipun merupakan pencetus ide tersebut, Dwork & Naor tidak menciptakan “proof-of-work”—julukan tersebut kemudian diberikan pada tahun 1999 oleh Markus Jakobsson dan Ari Juels.

[^5]: Proyek RPoW Hal Finney adalah upaya untuk menciptakan proof-of-work yang dapat ditransfer, tetapi bitcoin tidak menggunakan konsep ini karena tidak memperlakukan komputasi sebagai mata uang. Seperti yang akan kita lihat nanti ketika kita memeriksa bit gold dan b-money, komputasi tidak dapat berupa mata uang karena nilai komputasi berubah seiring waktu sementara unit mata uang harus memiliki nilai yang sama. Bitcoin bukanlah komputasi, bitcoin adalah mata uang yang dijual untuk komputasi.

[^6]: Pada saat ini, beberapa pembaca mungkin percaya bahwa saya meremehkan kontribusi Dai atau Szabo karena kontribusi mereka tidak jelas atau tidak jelas dalam beberapa hal. Perasaan saya justru sebaliknya: Dai dan Szabo pada dasarnya benar dan fakta bahwa mereka tidak mengartikulasikan setiap detail seperti yang dilakukan Satoshi tidak mengurangi kontribusi mereka. Sebaliknya, hal ini seharusnya meningkatkan apresiasi kita terhadap hal tersebut, karena hal ini menunjukkan betapa menantangnya munculnya mata uang digital, bahkan bagi para praktisi terbaiknya.

[^7]: Postingan b-money Dai adalah referensi pertama dalam white paper Satoshi, tersedia di: http://www.weidai.com/bmoney.txt

[^8]: Ada dua penyederhanaan yang dilakukan di sini: 1. Jumlah bitcoin yang dijual di setiap blok juga dipengaruhi oleh biaya transaksi pasar, yang berada di luar cakupan artikel ini, namun tetap menunggu pekerjaan selanjutnya. 2. Kesulitan yang dilaporkan oleh bitcoin bukanlah jumlah perhitungan yang diharapkan; seseorang harus mengalikannya dengan faktor proporsionalitas.

[^9]: Setidaknya sejak masa lalu yang buruk ketika Satoshi adalah satu-satunya penambang di jaringan.

[^10]: Bitcoin is Time klasik dari Gigi adalah pengenalan yang bagus tentang hubungan mendalam antara bitcoin dan waktu, tersedia di: https://dergigi.com/2021/01/14/bitcoin-is-time/

[^11]: Satoshi melakukan kesalahan baik dalam analisis mereka di buku putih maupun implementasi awal bitcoin berikutnya dengan menggunakan aturan “rantai terpanjang” dan bukan aturan “rantai terberat”.

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Introduction: Personal Knowledge Graphs and Linked Data

We will explore the world of personal knowledge graphs and discuss how they can be used to model complex information structures. Personal knowledge graphs aren’t just abstract collections of nodes and edges—they encode meaningful relationships, contextualizing data in ways that enrich our understanding of it. While the core structure might be a directed graph, we layer semantic meaning on top, enabling nuanced connections between data points.

The origin of knowledge graphs is deeply tied to concepts from linked data and the semantic web, ideas that emerged to better link scattered pieces of information across the web. This approach created an infrastructure where data islands could connect — facilitating everything from more insightful AI to improved personal data management.

In this article, we will explore how these ideas have evolved into tools for modeling AI’s semantic memory and look at how knowledge graphs can serve as a flexible foundation for encoding rich data contexts. We’ll specifically discuss three major paradigms: RDF (Resource Description Framework), property graphs, and a third way of modeling entities as graphs of graphs. Let’s get started.

Intro to RDF

The Resource Description Framework (RDF) has been one of the fundamental standards for linked data and knowledge graphs. RDF allows data to be modeled as triples: subject, predicate, and object. Essentially, you can think of it as a structured way to describe relationships: “X has a Y called Z.” For instance, “Berlin has a population of 3.5 million.” This modeling approach is quite flexible because RDF uses unique identifiers — usually URIs — to point to data entities, making linking straightforward and coherent.

RDFS, or RDF Schema, extends RDF to provide a basic vocabulary to structure the data even more. This lets us describe not only individual nodes but also relationships among types of data entities, like defining a class hierarchy or setting properties. For example, you could say that “Berlin” is an instance of a “City” and that cities are types of “Geographical Entities.” This kind of organization helps establish semantic meaning within the graph.

RDF and Advanced Topics

Lists and Sets in RDF

RDF also provides tools to model more complex data structures such as lists and sets, enabling the grouping of nodes. This extension makes it easier to model more natural, human-like knowledge, for example, describing attributes of an entity that may have multiple values. By adding RDF Schema and OWL (Web Ontology Language), you gain even more expressive power — being able to define logical rules or even derive new relationships from existing data.

Graph of Graphs

A significant feature of RDF is the ability to form complex nested structures, often referred to as graphs of graphs. This allows you to create “named graphs,” essentially subgraphs that can be independently referenced. For example, you could create a named graph for a particular dataset describing Berlin and another for a different geographical area. Then, you could connect them, allowing for more modular and reusable knowledge modeling.

Property Graphs

While RDF provides a robust framework, it’s not always the easiest to work with due to its heavy reliance on linking everything explicitly. This is where property graphs come into play. Property graphs are less focused on linking everything through triples and allow more expressive properties directly within nodes and edges.

For example, instead of using triples to represent each detail, a property graph might let you store all properties about an entity (e.g., “Berlin”) directly in a single node. This makes property graphs more intuitive for many developers and engineers because they more closely resemble object-oriented structures: you have entities (nodes) that possess attributes (properties) and are connected to other entities through relationships (edges).

The significant benefit here is a condensed representation, which speeds up traversal and queries in some scenarios. However, this also introduces a trade-off: while property graphs are more straightforward to query and maintain, they lack some complex relationship modeling features RDF offers, particularly when connecting properties to each other.

Graph of Graphs and Subgraphs for Entity Modeling

A third approach — which takes elements from RDF and property graphs — involves modeling entities using subgraphs or nested graphs. In this model, each entity can be represented as a graph. This allows for a detailed and flexible description of attributes without exploding every detail into individual triples or lump them all together into properties.

For instance, consider a person entity with a complex employment history. Instead of representing every employment detail in one node (as in a property graph), or as several linked nodes (as in RDF), you can treat the employment history as a subgraph. This subgraph could then contain nodes for different jobs, each linked with specific properties and connections. This approach keeps the complexity where it belongs and provides better flexibility when new attributes or entities need to be added.

Hypergraphs and Metagraphs

When discussing more advanced forms of graphs, we encounter hypergraphs and metagraphs. These take the idea of relationships to a new level. A hypergraph allows an edge to connect more than two nodes, which is extremely useful when modeling scenarios where relationships aren’t just pairwise. For example, a “Project” could connect multiple “People,” “Resources,” and “Outcomes,” all in a single edge. This way, hypergraphs help in reducing the complexity of modeling high-order relationships.

Metagraphs, on the other hand, enable nodes and edges to themselves be represented as graphs. This is an extremely powerful feature when we consider the needs of artificial intelligence, as it allows for the modeling of relationships between relationships, an essential aspect for any system that needs to capture not just facts, but their interdependencies and contexts.

Balancing Structure and Properties

One of the recurring challenges when modeling knowledge is finding the balance between structure and properties. With RDF, you get high flexibility and standardization, but complexity can quickly escalate as you decompose everything into triples. Property graphs simplify the representation by using attributes but lose out on the depth of connection modeling. Meanwhile, the graph-of-graphs approach and hypergraphs offer advanced modeling capabilities at the cost of increased computational complexity.

So, how do you decide which model to use? It comes down to your use case. RDF and nested graphs are strong contenders if you need deep linkage and are working with highly variable data. For more straightforward, engineer-friendly modeling, property graphs shine. And when dealing with very complex multi-way relationships or meta-level knowledge, hypergraphs and metagraphs provide the necessary tools.

The key takeaway is that only some approaches are perfect. Instead, it’s all about the modeling goals: how do you want to query the graph, what relationships are meaningful, and how much complexity are you willing to manage?

Conclusion

Modeling AI semantic memory using knowledge graphs is a challenging but rewarding process. The different approaches — RDF, property graphs, and advanced graph modeling techniques like nested graphs and hypergraphs — each offer unique strengths and weaknesses. Whether you are building a personal knowledge graph or scaling up to AI that integrates multiple streams of linked data, it’s essential to understand the trade-offs each approach brings.

In the end, the choice of representation comes down to the nature of your data and your specific needs for querying and maintaining semantic relationships. The world of knowledge graphs is vast, with many tools and frameworks to explore. Stay connected and keep experimenting to find the balance that works for your projects.

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The temporal semantics and temporal and time-aware knowledge graphs. We have different memory models for artificial intelligence agents. We all try to mimic somehow how the brain works, or at least how the declarative memory of the brain works. We have the split of episodic memory and semantic memory. And we also have a lot of theories, right?

Declarative Memory of the Human Brain

How is the semantic memory formed? We all know that our brain stores semantic memory quite close to the concept we have with the personal knowledge graphs, that it’s connected entities. They form a connection with each other and all those things. So far, so good. And actually, then we have a lot of concepts, how the episodic memory and our experiences gets transmitted to the semantic:

• hippocampus indexing and retrieval
• sanitization of episodic memories
• episodic-semantic shift theory

They all give a different perspective on how different parts of declarative memory cooperate.

We know that episodic memories get semanticized over time. You have semantic knowledge without the notion of time, and probably, your episodic memory is just decayed.

But, you know, it’s still an open question:

do we want to mimic an AI agent’s memory as a human brain memory, or do we want to create something different?

It’s an open question to which we have no good answer. And if you go to the theory of neuroscience and check how episodic and semantic memory interfere, you will still find a lot of theories, yeah?

Some of them say that you have the hippocampus that keeps the indexes of the memory. Some others will say that you semantic the episodic memory. Some others say that you have some separate process that digests the episodic and experience to the semantics. But all of them agree on the plan that it’s operationally two separate areas of memories and even two separate regions of brain, and the semantic, it’s more, let’s say, protected.

So it’s harder to forget the semantical facts than the episodes and everything. And what I’m thinking about for a long time, it’s this, you know, the semantic memory.

Temporal Semantics

It’s memory about the facts, but you somehow mix the time information with the semantics. I already described a lot of things, including how we could combine time with knowledge graphs and how people do it.

There are multiple ways we could persist such information, but we all hit the wall because the complexity of time and the semantics of time are highly complex concepts.

Time in a Semantic context is not a timestamp.

What I mean is that when you have a fact, and you just mentioned that I was there at this particular moment, like, I don’t know, 15:40 on Monday, it’s already awake because we don’t know which Monday, right? So you need to give the exact date, but usually, you do not have experiences like that.

You do not record your memories like that, except you do the journaling and all of the things. So, usually, you have no direct time references. What I mean is that you could say that I was there and it was some event, blah, blah, blah.

Somehow, we form a chain of events that connect with each other and maybe will be connected to some period of time if we are lucky enough. This means that we could not easily represent temporal-aware information as just a timestamp or validity and all of the things.

For sure, the validity of the knowledge graphs (simple quintuple with start and end dates)is a big topic, and it could solve a lot of things. It could solve a lot of the time cases. It’s super simple because you give the end and start dates, and you are done, but it does not answer facts that have a relative time or time information in facts . It could solve many use cases but struggle with facts in an indirect temporal context. I like the simplicity of this idea. But the problem of this approach that in most cases, we simply don’t have these timestamps. We don’t have the timestamp where this information starts and ends. And it’s not modeling many events in our life, especially if you have the processes or ongoing activities or recurrent events.

I’m more about thinking about the time of semantics, where you have a time model as a hybrid clock or some global clock that does the partial ordering of the events. It’s mean that you have the chain of the experiences and you have the chain of the facts that have the different time contexts.

We could deduct the time from this chain of the events. But it’s a big, big topic for the research. But what I want to achieve, actually, it’s not separation on episodic and semantic memory. It’s having something in between.

Blockchain of connected events and facts

I call it temporal-aware semantics or time-aware knowledge graphs, where we could encode the semantic fact together with the time component.I doubt that time should be the simple timestamp or the region of the two timestamps. For me, it is more a chain for facts that have a partial order and form a blockchain like a database or a partially ordered Acyclic graph of facts that are temporally connected. We could have some notion of time that is understandable to the agent and a model that allows us to order the events and focus on what the agent knows and how to order this time knowledge and create the chains of the events.

Time anchors

We may have a particular time in the chain that allows us to arrange a more concrete time for the rest of the events. But it’s still an open topic for research. The temporal semantics gets split into a couple of domains. One domain is how to add time to the knowledge graphs. We already have many different solutions. I described them in my previous articles.

Another domain is the agent's memory and how the memory of the artificial intelligence treats the time. This one, it’s much more complex. Because here, we could not operate with the simple timestamps. We need to have the representation of time that are understandable by model and understandable by the agent that will work with this model. And this one, it’s way bigger topic for the research.”

@ 3b19f10a:4e1f94b4

Sometimes perspective is everything...

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@ 662f9bff:8960f6b2

By popular request I have put together one single list of the most important books that I have read and recommend that you should read too. I am happy to receive your comments, reviews and suggestions - just reach out and let's discuss.

They are more or less in alphabetical order of title and they are all recommended.

• George Orwell's 1984 - spot the drumbeat of hostile distant foreign empires and perpetual war - not to mention everything else that he foresaw. Read it and look around you today.
• Murray Rothbard's Anatomy of the State - this is foundational to so many of the books and insights related to government, finance and current affairs. This is a short read (one hour) also available as free audiobook. It is required knowledge - you have no excuse.
• Animal farm - by George Orwell - note how the pigs end up living in the farmhouse exceeding all the worst behaviour of the farmer and how the constitution on the wall changes.  Things did not end well for loyal Boxer.
• Awaken The Immortal Within by Jason Breschears - This book is for those who have searched for the truth all their life and know they have not found it. The rest of you are warned away.
• The Basic Code of the Universe by Massimo Citro - This is not an easy read (maybe because of being translated from Italian) but the content is fascinating since he combines and draws from many of the other sources we have been considering recently - including Rupert Sheldrake on Morphic fields, Ervin Laszlo on the Akashic field, David Bohm and Karl Pribram on Holographic Paradigm, and Masaru Emoto on the memory of water and homeopathy.
• Brave New World by Aldous Huxley - A World State, inhabited by genetically modified citizens and an intelligence-based social hierarchy. The novel anticipates large scale psychological manipulation and classical conditioning that are combined to make a dystopian society which is challenged by just one individual who does not take the Soma.
• Lyn Alden's Broken Money - gives you the complete A-Z of how money works and all the bad choices that governments can (and did) make. You will also understand how money really should work for a peaceful and prosperous society.
• The Dream by David Icke - this gets my "Book of the Year 2023" award. You will be shocked and appalled at how accurate his predictions were for what happened with Covid and that is only Chapter One.  He goes MUCH FURTHER.  He may or may not be right on everything he says, but even if he is right on 10-20% the implications should make you think very differently on many things.  Anyone with a bit of critical thinking in their head should be able to see many of the points he makes - the evidence is all around you.
• Saifedean Ammous' The Fiat Standard - explains how national currencies work today and how they are fundamentally broken, inevitably favouring those at the top, nearest to the money printer and disadvantaging everyone else. He outlines the many negative consequences of the current system. Look around you and you will recognise all that he describes.
• The Falsification of History by John Hammer - full review in Newsletter 114
• The Fourth turning is Here by Neil Howe - full review in Newsletter 118
• Going Postal by Terry Pratchett- a fascinating find and so much learning on the origins and corruption of money.
• Guards! Guards! by Terry Pratchett - The story follows a plot by a secret brotherhood, the Unique and Supreme Lodge of the Elucidated Brethren of the Ebon Night, to overthrow the Patrician of Ankh-Morpork and install a puppet king, under the control of the Supreme Grand Master.
• The Hitchhikers' Guide to the Galaxy series - in particular the Restaurant at the End of the Universe. There is a theory which states that if ever anyone discovers exactly what the Universe is for and why it is here, it will instantly disappear and be replaced by something even more bizarre and inexplicable. There is another theory which states that this has already happened.
• Michael Talbot's "The Holographic Universe" presents a revolutionary theory that the universe itself may be akin to a giant hologram. This idea, inspired by the work of physicist David Bohm (who as a protégée of Albert Einstein) and neuroscientist Karl Pribram, suggests that our reality is not as it appears on the surface. The holographic paradigm proposes that every part of the universe contains the whole, much like how every piece of a hologram contains a complete picture.
• The Kybalion by Three Initiates - Hermeticism is a philosophical and spiritual tradition that is based on the teachings attributed to Hermes Trismegistus, a legendary figure who is often associated with the Egyptian god Thoth and the Greek god Hermes, pre-dating all modern religions. This will lead you to the Lament of Hermes (aka Thoth's Prophesy) that I suggest is rather relevant to current times.
• The Mandibles – by Lionel Shriver - The plot: In 2029, the United States is engaged in a bloodless world war that will wipe out the savings of millions of American families. Overnight, on the international currency exchange, the “almighty dollar” plummets in value, to be replaced by a new global currency, the “bancor.” In retaliation, the president declares that America will default on its loans. “Deadbeat Nation” being unable to borrow, the government prints money to cover its bills. What little remains to savers is rapidly eaten away by runaway inflation.
• Mistborn - The Final Empire - by Brandon Sanderson.  You really ought to recognise and understand the importance of learning from wisdom of prior generations. 
• Morphic Resonance by Rupert Sheldrake. This book is about the hypothesis of formative causation, which proposes that nature is habitual. All animals and plants draw upon and contribute to a collective memory of their species. Crystals and molecules also follow the habits of their kind. Cosmic evolution involves an interplay of habit and creativity.   This hypothesis is radically different from the conventional assumption that nature is governed by eternal laws. Also, keep in mind the Akashic Records - not a topic for today but one that we will certainly return to.
• Mythos read by Stephen Fry is a "must do". This has got to be one of the best books I have ever read! Fabulously interesting and insightful - I had always wondered what the Greek Gods got up to and could never have imagined so much! BTW - this will also give you a grounding in the stories that you need to know for much more than you likely realise.
• The Octopus of Global Control by Charlie Robinson explains the eight tentacles of control that are wrapped around humanity, namely: the Military, Government, Covert, Physical, Financial, Media, Spiritual, and Scientific. The book tackles topics such as uncovering the Deep State, false flag terror events, the media’s role in manufacturing wars, the 9/11 deception, the fraud of central banking, our broken education system, the use of religion to shape society, and the corrupted medical industry. Recommend to get this also as audiobook, read by him.
• The Power of Now by Eckhard Tolle - full review in Newsletter 65
• Principles of Economics by Saifedean Ammous. This is a university-level text book, written to replace the nonsense that students have been taught for the last 70 years. Also available as audiobook. You will understand how things really work. A nice summary of the course is here.
• Pyramids by Terry Pratchett - Conservatives vs progressives was, even in this version of ancient Egypt, a hot topic and Pratchett ridicules the arguments of antiquated minds by exaggerating their prime goals and authorities in general.
• The Reveal by David Icke - this gets my "Book of the Year 2024" award.* This is written as a standalone book so you do not need to have read his earlier books. Just do it! This book is required reading for all who are awake to what is going wrong around them and want more background and substantiation.
• Secrets of the Federal Reserve by Eustace Mullins independently corroborates all that you read in The Creature from Jekyll Island and listen to the book club discussion on it here. Eustace also wrote "Murder by Injection" - needless to say, this is particularly relevant to explain what happened in recent years.
• Snow Crash – by Neal Stevenson. The story takes place in some post-crisis world where trust in governments and countries has broken down and the world is made up of territories controlled by various corporations - each of which has their own "passport" and rules.  The inhabitants of the world spend their time "living" in the Metaverse (yes - he did coin that term).  Of course there is some sort of computer virus that strikes and threatens to end everything - you can imagine how things develop.
• William Rees-Mogg's The Sovereign Individual - foresaw very clearly what is currently happening - do get your own copy (book, kindle or audio). Chapters 10 and 11 relate to what's happening now and what's next.
• Sherlock Holmes - Ultimate Collection - I absolutely love this complete collection read by Stephen Fry. At nearly 63 hours of audio you get your money's worth. It is all of the books read in a sensible sequence with Stephen's expert commentary and guidance interspersed between the readings.
• The UnCommunist Manifesto by Aleks Svetski and Mark Moss - a message of Hope, Responsibility and Liberty for all.  This is a book that you can read in a day or so but you will want to go back and re-read things and reflect further.
• When Money Dies by Adam Fergusson - The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar, Germany. Yes it recounts the story of a hundred years ago but you will be surprised to see how relevant this is today, albeit on a bigger scale. We discussed this back in Issue 7 in February 2022.

For lots more like this, do follow our journey: Letter from ...around the world

@ 468f729d:5ab4fd5e

@ 0d532801:197a0c30

Mr. Robot

Dünya tehlikeli bir yer. Kötülük yapanlar yüzünden değil, görüp de hiçbir şey yapmayanlar yüzünden.

İnsanları okumada çok iyiyimdir. İçlerindeki en kötü şeyi ararım.

Herkes çalar. Bu böyledir. İnsanlar tam anlamıyla hak ettiklerini mi kazanıyorlar? Hayır. Ya fazla ya da az alıyorlar ama zincirdeki biri her zaman kaymağını götürüyor.

Bir adama bir silah verirsen bir bankayı soyabilir ama bir adama bir banka verirsen dünyayı soyar.

İnsanlar her zaman umudumu boşa çıkarmanın bir yolunu buldu.

Bir holdingi kalbini hedef alarak çökertemezsin. Holdinglerin olayı budur, kalpleri olmaz. Onları parça parça çökertirsin. Ve çözülmeye başladıkları zaman kontrol yanılsamaları da çözülür.

Büyük bir fırsat ondan faydalanılmasını bekler.

Seçimlerimiz üzerinde kontrol sahibi olup olmadığımızı nasıl bileceğiz? Sadece önümüze gelen şeyin en iyisini yapmaya çalışıyoruz, olay bu. Sürekli iki seçenekten birini seçmeye çalışıyoruz. Tıpkı bekleme salonundaki iki tablo gibi. Ya da Coca-Cola ve Pepsi. Mcdonald's veya Burger King. Hyundai veya Honda. Hepsi aynı bulanıklığın parçası. Odak dışında kalan bulanıklık. Seçimin yanılsaması. Kendi istediğimiz kablolu yayın, doğalgaz ve elektrik şirketini bile seçemiyoruz. içtiğimiz su, sağlık sigortamız.. Seçebilseydik bile fark eder miydi ki? Eğer tek seçim şansımız kılıç ve kalkan arasında oluyorsa bu nasıl seçimdir amına koyayım? Aslında aynı değiller midir? Hayır, seçimlerimiz bizim için tayin edilmiş uzun zaman önce.

İnsanlar etrafta dolaşıp nefretin ne demek olduğunu biliyormuş gibi yapıyorlar. Hayır, kimse bilemez. Ta ki kendinden nefret edene kadar. Demek istediğim, gerçekten kendinden nefret etmek. Bu, güçtür.

İnsanlar iletişim kuramadıkları zaman öfkelenir.

İçinde yaşadığımız dünya bu. İnsanlar birbirlerinin hatalarına bel bağlıyor. Birbirlerini kandırmak için başkalarını kullanıyorlar. Hatta birbirleri ile ilişkili oluyorlar. Sıcak, dağınık bir insan çemberi.

Bu, kendimi korumanın tek yolu: onlara asla kaynak kodumu göstermemek. Kendimi kapatmak. Beni kimsenin bulamayacağı soğuk, kusursuz labirentimi yaratmak. Ama artık daha normal olacağım. Belki kız arkadaşım bile olabilir. Onunla birlikte aptal marvel filmlerine gideceğim. Spor salonuna yazılacağım. Instagram'da bir şeyleri beğeneceğim. Vanilyalı latteler içeceğim. Bu andan itibaren açıksız bir hayat süreceğim. Kusursuz labirentimi korumak için her şeyi yapacağım.

Bir maskeyi, artık maske olmayı bıraktığında nasıl çıkarırsın? Senin kadar senin bir parçan olduğunda.

@ c13fd381:b46236ea

Consensus21: A Decentralised Learning Protocol for the Future of Education

We're excited to announce the creation of a revolutionary new school model, built around the principles of decentralisation and innovation, as outlined in our whitepaper.

Our goal is to create an educational ecosystem that's not only forward-thinking but also highly replicable—enabling others to "fork" and implement this vision in their own communities.

This is just the beginning, and we'd love your input! Your feedback is invaluable as we shape this project into a global movement that can transform how we think about and experience education.

originally posted at https://stacker.news/items/797452

@ fd78c37f:a0ec0833

Bitcoin, as a decentralized digital currency, is reshaping the global financial landscape, sparking innovation and transformation across various sectors. In South America, Bitcoin communities are emerging as crucial drivers of economic empowerment, financial inclusion, and local technological advancement. This issue will highlight 21 Bitcoin communities from South America, exploring their missions, growth trajectories, and recent developments. By examining these grassroots initiatives, we aim to show how Bitcoin is being leveraged to create sustainable economic ecosystems, foster social progress, and expand access to education and financial tools. Thank you, YakiHonne decentralized media client on Nostr to support people in owning their voice. #iOS #Android, for supporting the publication of the Bitcoin Community Newsletter. Most of the content has been reviewed and confirmed by the South American communities. If there are any omissions, please feel free to reach out to me.

1.Mi Primer Bitcoin nostr:npub17cyatz6z2dzcw6xehtcm9z45m76lde5smxdmyasvs00r4pqv863qrs4ml3 * Introduction My First Bitcoin is a Bitcoin education initiative rooted in the principles of independence, fairness, and community leadership. Originating in El Salvador, it aims to empower individuals and communities by providing open-source educational resources and fostering a decentralized network. Through a commitment to high-quality education, resistance to external influence, and the creation of a global collaborative network, it seeks to spread Bitcoin education to every corner of the world, offering a transparent and transformative model for reshaping traditional financial systems. * Latest Updates Recently, MyfirstBitcoin successfully hosted the fourth Bitcoin Educators Unconference, featuring guests such as nostr:npub1zfgx8v2g0faswd0ry2qn3ay4pvx4jr6q4fw9d0yqalpkyv9hhp0sjccnj5 nostr:npub1rhh9pkmf6l6z7298yg6fgp95rzkmx4j9uxpekn8j73p5k95ck7gsvce7vj attracting around 170 participants and receiving positive feedback. They also held the graduation ceremony in Ilopango, El Salvador, and continued to organize their regular monthly Bitcoin education meetups and Bitcoin game nights. Additionally, MyfirstBitcoin’s Bitcoin Educators Node Network welcomed four new projects from Canada, Nigeria, and the United States. In partnership with Bitcoin Boma, they are launching a free online Bitcoin education course for Malawi in January 2025, aimed at enhancing local Bitcoin knowledge.

2.Bitcoin Beach

• Introduction Bitcoin Beach is a groundbreaking initiative in El Salvador aimed at fostering sustainable local economic development through Bitcoin. The project provides financial services to the community, particularly for those without access to traditional banking. By using Bitcoin for payments, residents can cover everyday expenses such as utility bills, medical costs, and food. Bitcoin Beach leverages the Lightning Network and community collaboration to promote the adoption of Bitcoin both within El Salvador and globally.
• Latest Updates Recently, Bitcoin Beach attended the conference at Bitcoin Lake, where they hosted the Bitcoin Beach Meetup and Bitcoin Beach Festival to support local businesses with Bitcoin. They also invited notable figures such as nostr:npub1q0al05h2uvtj0fp8ww7etl0pdjnkum638ynz9tmku3e522fyvlmqjq04mt Hermann Buhr-Vivier, nostr:npub164xhe3pgcqaj70ls7ls5e4hwlnvl4ttuu8wns99jmwp5z6lwhutsa27wle as podcast guests. The discussions covered a range of impactful topics, including how Bitcoin mining can truly light up rural Africa, how to use Bitcoin to transform small towns in South Africa, and integrating Bitcoin into state-level policies across the United States, among other key areas.

3.Praia Bitcoin Brazil nostr:npub1m3tu3l6y59g2tmackq23v5vgn59u7hu66gxg8xajghz59tqm6xnqk2m888 * Introduction Praia Bitcoin Brazil, located in Jericoacoara, Brazil, is dedicated to creating the country's first Bitcoin circular economy, empowering local residents with financial inclusion. Founded by Fernando Motolese, the project promotes Bitcoin adoption through education, technology, and community-driven initiatives. It has integrated over 40 local businesses into the Bitcoin ecosystem and raised more than 12 BTC through Bitcoin-only crowdfunding. Praia Bitcoin offers self-sovereign financial services and runs programs like the "Bitcoin Smiles" initiative and educational support for children. * Latest Updates Recently, Praia Bitcoin Brazil launched several innovative projects, including the first stage lighting course and free acoustic guitar course funded entirely through Bitcoin crowdfunding. Additionally, Praia Bitcoin successfully hosted the Praia Bitcoin Conference 2024, attracting 10 volunteers, 100 local residents, and 10 new merchants. The conference also sponsored the first music performance paid in Bitcoin and introduced three local courses, all funded via Bitcoin crowdfunding. These initiatives highlight Praia Bitcoin's ongoing efforts to drive Bitcoin adoption and foster local community development.

4.Bitcoin Lake / Lago Bitcoin Guatemala nostr:npub1a4excy7uf9z3mcafvm9cwdr549dl5lpazuvpr2nc550vf27n5a4scqq5k2 * Introduction Bitcoin Lake aims to create a circular economy powered by Bitcoin, providing a novel and accessible solution for unbanked as well as banked merchants in Guatemala. * Latest Updates The Bitcoin Lake community has been actively preparing and promoting a series of innovative initiatives. On November 30 and December 1, Bitcoin Lake successfully hosted its 2024 conference, inviting industry experts such as Ronny Avendaño, co-founder and CEO of the Bitcoin hardware store, and prominent Bitcoin advocate Roman Martínez (chimbera). During the conference, the community also organized creative activities like the coffee workshop and “Be Captain of the Bitcoin Boat”， offering participants an opportunity to dive deeper into Bitcoin and the local economy. Additionally, through partnerships with local merchants, Bitcoin Lake is actively advancing the development of the Bitcoin economy, fostering economic growth and financial inclusion in the community.

5.Bitcoin jungle nostr:npub14f26g7dddy6dpltc70da3pg4e5w2p4apzzqjuugnsr2ema6e3y6s2xv7lu * Introduction Bitcoin Jungle is an open-source community project built on the Bitcoin Lightning Network with the goal of creating a circular Bitcoin economy. The project provides education, resources, and technology to both individuals and businesses. Starting from the Golden Triangle area in Costa Rica (Dominical, Uvita, Ojochal, Platanillo, Tinamaste), it is developing a shining example of what a Bitcoin community can represent. * Latest Updates Recently, the Bitcoin Jungle community has been actively promoting the adoption and use of Bitcoin in Costa Rica, participating in various projects and events. Community members attended the Adopting Bitcoin conference in El Salvador, further advancing global Bitcoin adoption. At the same time, they have been actively supporting children's charity projects and Bitcoin diploma courses, continuously driving Bitcoin education, social responsibility, and community development.

6.Bitcoin Berlín sv * Introduction Bitcoin Berlín sv aimed at creating a financially sovereign town in Berlín, El Salvador, through the implementation of a Bitcoin circular economy. The project seeks to integrate Bitcoin into the local economy by educating residents and businesses about its benefits, promoting the adoption of Bitcoin-based payment systems, and empowering local entrepreneurs with financial education. It also focuses on environmental sustainability, encouraging the use of renewable energy and waste reduction. * Latest Updates Recently, the Bitcoin Berlín sv has been actively promoting the use of Bitcoin by sharing informative articles and supporting the graduation of podcast producer Joel through the BlinkBTC QR code platform, allowing contributions in sats. This initiative not only supports the growth and development of community members but also furthers Bitcoin’s adoption and usage within the community. Additionally, on November 23rd, the community successfully hosted a cultural festival celebrating the local heritage. During the event, all vendors accepted Bitcoin payments, showcasing its practical application in Berlín’s economy. The festival attracted numerous tourists and residents eager to experience Bitcoin payments, further advancing its integration into daily life.

7.Bitcoin embassy San Salvador * Introduction Bitcoin embassy San Salvador is more into promoting Nostr in the region. * Latest Updates Recently, the Bitcoin Embassy San Salvador has been actively promoting the use and adoption of Bitcoin within the community, organizing various events. One of the highlights was the Christmas Toy Drive x Cuarteto Salvación, where toys were purchased using Sats to bring holiday cheer to children in need. The event, held on December 1 at Cuscatlán Park, also featured a special Music Night, attracting a large audience. Additionally, the Embassy hosted an educational gathering for food vendors, aimed at promoting Bitcoin payment systems. During the event, vendors accept Bitcoin payments through tiankii_Tech and blinkbtc platforms, further encouraging local businesses to embrace and adopt Bitcoin payments.

8.ONG Bitcoin Argentina * Introduction ONG Bitcoin Argentina is dedicated to advancing the development and application of decentralized technologies, particularly in the fields of Bitcoin, cryptocurrencies, and blockchain. As a leading organization in this space, the community promotes user protection and the healthy growth of the crypto ecosystem through education, training, and public advocacy. Its mission is to help individuals, businesses, and decision-makers understand and leverage decentralized, transparent, and secure technologies to bring more opportunities and progress to society. ONG Bitcoin Argentina has become a leading force in promoting decentralized technology in Argentina and Latin America. * Latest Updates Recently, ONG Bitcoin Argentina has been actively preparing for the “Moon Party | Despedimos el año ATH (A Todo Hodler)” celebration, set to take place on December 5, 2024. Bitcoin enthusiasts will gather to enjoy exciting activities, including a Lightning Network demonstration and the Fish Bowl Manizesto Bitcoiner art exhibition. In addition, the community has hosted and will host a series of conferences and workshops covering a range of topics, including local digital asset services, Bitcoin as a strategic reserve in the U.S., the reconversion of the Bitcoin and cryptocurrency economy and financial systems, the role of crypto economics in financial system reform, the impact of Bitcoin ETFs on markets, and Bitcoin's influence on global issues, fostering in-depth discussions and development within the crypto industry.

9.La bitcoineta * Introduction La Bitcoineta is an initiative launched by the Argentine community in 2018, designed to promote the adoption and understanding of Bitcoin through a unique and powerful tool: a van and a group of volunteers. This traveling educational project has visited hundreds of towns across Latin America, Africa, and Europe, reaching thousands of people and covering hundreds of thousands of kilometers with the aim of spreading its mission and activities.With its innovative and mobile approach, Bitcoineta has become a globally recognized educational project.

10.Motiv Peru * Introduction Motiv is a non-profit organization founded in 2020, focused on addressing systemic poverty through Bitcoin and innovative projects, aiming to provide better opportunities for survival and prosperity to underserved communities. Its founders, Rich Swisher and Vali Popescu, witnessed firsthand the tragic impact of poverty and lack of basic living conditions in a remote village in the Andes Mountains of Peru, where children were dying due to preventable causes. This inspired them to create Motiv, with the goal of empowering vulnerable populations. By leveraging global support and partnerships, Motiv uses Bitcoin to help local communities break free from poverty and improve their lives, striving to bring positive change and hope to those in need. * Latest Updates Recently, MOTIV Perú has made significant progress in promoting Bitcoin and the circular economy. The organization continues to transform communities across Peru through various initiatives. For example, in the Comas district of Lima, entrepreneurial women are paying for their classes with Bitcoin and learning how to make delicious desserts, further advancing the local circular economy. Additionally, MOTIV Perú held its first Bitcoin training in Carabayllo-Lima, helping Peruvians understand the nature of money and the advantages of Bitcoin. MOTIV is also assisting communities in areas like Tarapoto and Ancon, where locals are using Bitcoin for daily transactions, driving financial freedom and economic empowerment.

11.Montanha bitcoin * Introduction Building a circular economy in Sao thome, Brazil. * Latest Updates Recently, The community has had no recent updates. The latest event dates back to June 2024, highlighting a water contamination incident.

12.Amityage honduras * Introduction Amityage Honduras is the first Bitcoin education center in Honduras, located on Roatán Island in the Prosperá zone. The center's mission is to educate the local community about Bitcoin and spread this knowledge throughout Central America and the Caribbean. It is dedicated to helping businesses on the island adopt Bitcoin as a payment method, teaching children financial literacy, and empowering individuals to achieve financial sovereignty through Bitcoin. The center aims to empower the local community through education and innovation, fostering economic independence and sustainable development. * Latest Updates Recently, Amityage Honduras is actively promoting Bitcoin education by participating in various international Bitcoin events and organizing local courses to help more people understand Bitcoin. Community members took part in significant events such as AdoptingBTC 2024 and BitcoinUnconference, and hosted workshops around the theme of “How to Enter the World of Bitcoin Education.” In Haidmühle, Germany, AmityAge completed a four-day Bitcoin Educators Academy, where the curriculum included topics like using simple analogies to explain Bitcoin and public speaking exercises. Additionally, the community hosted Bitcoin education courses on Roatán Island and provided a free Bitcoin event for beginners at the Crawfish Rock community, further spreading Bitcoin knowledge.

13.Lima - Orange Pill Perú nostr:npub1fw8m5g6nfywmsgqjc66j47jax7jrv8lq46zf7grydjqppc54a8eql47qrx * Introduction Orange Pill Peru is a community-driven initiative dedicated to empowering Peruvians through Bitcoin education. With a focus on transforming the financial landscape, Orange Pill Peru provides resources for individuals to learn about Bitcoin, connect with like-minded enthusiasts, and grow their knowledge through various events and workshops. The community serves as a hub for both beginners and professionals, offering a supportive environment to explore the fundamentals of Bitcoin, its history, and its potential to shape the future of finance. * Latest Updates Recently, there have been no major updates. They actively engage in Bitcoin education and industry updates by sharing and reposting Bitcoin-related content. They support MOTIV Perú's financial freedom education project in the Ancon community in Lima, emphasizing the empowerment of women through Bitcoin. Additionally, the community has shared information about the upcoming Bitcoin Medellin Conference scheduled for January 2025.

14.La Antigua Bitcoin * Introduction La Antigua Bitcoin is a community-based initiative in La Antigua Guatemala, focusing on promoting Bitcoin adoption in local businesses. The community works to create awareness and facilitate the use of Bitcoin as a payment method in various establishments throughout the city. By encouraging merchants to accept Bitcoin, La Antigua Bitcoin aims to integrate cryptocurrency into the everyday economy, driving financial innovation and expanding access to decentralized financial systems within the region. * Latest Updates Recently, the Antigua Bitcoin community has had few updates, with a focus on organizing its first meetup in collaboration with “Run with Bitcoin” on November 24, 2023. The event garnered significant attention within the community, featuring interactions with a special guest. The aim of the event was to further promote Bitcoin adoption in Antigua, Guatemala, and encourage exchange and collaboration between Bitcoin enthusiasts and the local community.

15.Horizonte Bitcoin nostr:npub1wl8u4wfqsdz5m9ey0vvzh4y05mcpk2lm2xhhpw3uzs3878c2mw9sr2ksxk * Introduction Project that aims to contribute to the Bitcoinization of the economy and encourage Entrepreneurship and Decentralization. * Latest Updates Recently, The community has had no recent updates. The latest event dates back to Oct 2024, which shared a message encouraging women to learn more about Bitcoin and connect with others in the field, highlighted a meetup, Satoshe's Lounge, for women, providing a space to learn, discuss, and share knowledge about Bitcoin.

16.Escuelita Bitcoin nostr:npub1awggmqvlw8pa0kp9qq5law8zsvp2a8suztk0357j7e0nt746suwspt7lwx * Introduction Educational Project for Little School. * Latest Updates Recently, the Escuelita Bitcoin team has grown to five members and is actively advancing Bitcoin education and community development. Team members have hosted several workshops in Paraguay and Mexico, spreading Bitcoin knowledge within local communities and encouraging merchants to accept Bitcoin payments, particularly in Ciudad del Este, Paraguay. The team is raising funds through platforms like Geyser. fund and Kuno.anne.media to support the expansion of their educational initiatives and help locals better understand and use Bitcoin. Escuelita Bitcoin also emphasizes privacy education, promoting the use of tools like CakeWallet and Monero. Through collaborations with other organizations and individuals, the team is extending the reach of Bitcoin education, fostering the adoption of Bitcoin in Latin America and emerging markets.

17.Bitcoin é aqui! Rolante/Riozinho-RS-BRASIL nostr:npub168dqt5c8ue3uj8ynlk0lhwalnp7uy39lvzf9tm09wy3htxwmw7qq5nerj4 * Introduction Bitcoin é Aqui! Rolante is located in Rolante, Brazil, and is dedicated to creating a lifestyle and tourism destination where 40% of businesses now accept Bitcoin as a payment method, showcasing the community's success in integrating Bitcoin into the local economy. Residents and visitors can use it to pay for all services, including accommodation, tours, local goods, medical services, and even construction and solar energy equipment. This reflects the practical application and convenience of its use in everyday life, aiming to create a digitally-driven environment powered by Bitcoin. * Latest Updates Recently, the Bitcoin é Aqui! Rolante has been actively promoting the adoption and use of Bitcoin in Brazil and beyond. The community has organized several educational events aimed at spreading basic Bitcoin knowledge and its practical applications in daily life, particularly through online videos and lectures. These efforts help people understand how Bitcoin plays a crucial role in the global financial system. The community has also been actively involved in promoting Bitcoin payments, supporting their adoption by local businesses and in the tourism industry.

18.Bitcoin Forte * Introduction Bitcoin Forte is a voluntary initiative aimed at introducing Bitcoin as a currency to Praia do Forte in Bahia, Brazil. The project provides valuable information about Bitcoin’s importance and encourages local merchants to adopt it as a payment method. By highlighting Bitcoin's international use, simplicity, and security, Bitcoin Forte aims to facilitate its adoption among both tourists and businesses.The community promotes Bitcoin as a stable and controlled currency, helping to avoid systemic price inflation. Bitcoin Forte simplifies the process for businesses by offering tools such as QR codes and the “Satoshi POS Wallet” app, which connects to a merchant’s primary wallet for seamless transactions. * Latest Updates Recently, the community has had no recent updates. The latest event dates back to July 2024, introducing Airbtc, a platform similar to Airbnb, but it only accepts Bitcoin as payment.

19.Bitcoin Paraguay * Introduction Bitcoin Paraguay is a community dedicated to connecting individuals in Paraguay who are interested in Bitcoin, promoting its adoption, and fostering the development of local circular economies. The community’s mission is to increase Bitcoin adoption by collaborating with local businesses and nonprofit organizations, helping to create a more sustainable local economy. Through regular events, talks, and resource sharing, Bitcoin Paraguay provides education and support to its members while actively exploring Bitcoin's application across various sectors in Paraguay. * Latest Updates Recently, the Bitcoin Paraguay community has made significant progress in promoting Bitcoin adoption. On November 5, they successfully hosted the fifth Bitcoin meetup in Asunción, attracting 110 attendees. The event included two Spanish-language presentations and a Lightning Network onboarding training session, with food and drinks available for purchase using Bitcoin. The event was made possible with strong support from sponsors Blink Wallet and Hacking Lives. On November 13, Josef Tetek visited Bitcoin Paraguay to help promote the adoption of Vexl in the country. The community also shared their progress through articles, with Jake, a community member, publishing an article in the Asunción Times on how Bitcoin Paraguay is improving people's lives.

20.Bitcoin Amantikir * Introduction They are starting the first community in the Serra da Mantiqueira to use and extol people about the bitcoin economy. * Latest Updates Recently, the Bitcoin Amantikir community has made significant progress in promoting Bitcoin as a payment method and fostering a circular economy in Santo Antônio do Pinhal. Various businesses, including a pet store, transportation service providers, a hotel, a fruit shop, and a tourist attraction, have started accepting Bitcoin payments. Additionally, the community is organizing a Bitcoin financial education course on December 2nd at Munay Pousada, aimed at helping young people aged 14-18 acquire essential financial knowledge and understand the importance of Bitcoin.

21.La Crypta nostr:npub1rujdpkd8mwezrvpqd2rx2zphfaztqrtsfg6w3vdnljdghs2q8qrqtt9u68 * Introduction La Crypta is an open-source community dedicated to advancing the adoption of the Nostr protocol and Bitcoin through developer-friendly tools and resources. By providing an integrated open-source stack, La Crypta empowers developers to sync with multiple relays, showcase profiles with badges, and facilitate seamless messaging, making it easier to build and utilize decentralized social platforms. Events like hackathons further enhance collaboration and attract new members, fostering innovation in decentralized social media. * Latest Updates LaWallet, their open-source wallet, integrates Bitcoin, Lightning, and Nostr to provide a seamless learning experience. With over 8,000 NFC cards distributed across conferences in regions like Argentina, Brazil, and Spain, LaWallet enables easy adoption while prioritizing user privacy. The wallet’s functionality is now supported by Alby’s official browser extension, further boosting accessibility.

@ 000002de:c05780a7

I should have mentioned this a long time ago or opened a ticket but for some time I have noticed when I post something on SN I get failures on several Nostr relays. I think they are default relays not my user defined relays.

I have also noticed that my posts show up in my Amethyst app but not in the Primal web client.

originally posted at https://stacker.news/items/797226

@ 000002de:c05780a7

I've been using Minibits.cash app on GrapheneOS for my external wallet for a couple weeks. Thought I would provide an update.

Minibits is an eCash and Lightning wallet. It supports LNURL which is nice. Overall its the easiest and best eCash app I've tried. As others have mentioned I do have issues spending with NWC. But the LNURL support seems to work really well. I am guessing the NWC issues are related to their Lightning node liquidity because I often have failures with paying lightning invoices at the same time NWC payments fail.

I have a few mints set up and the CoinOS one seems to be more reliable.

Curious if others are using other NWC apps. For what its worth I have tried to set up NWC on my own node a few times now and it has been really inconsistent with Nostr apps. If I can even get it to make connections. I haven't had the time to figure it out yet.

originally posted at https://stacker.news/items/797148

@ 3c7dc2c5:805642a8

🧠Quote(s) of the week:

'It takes 40 years to mine the last Bitcoin. 40 fucking years. For one Bitcoin. None of us understand.

It means if you are a whole coiner your children or grandchildren (if they are smart) will inherit the equivalent of 40 years’ worth of energy used to secure the Bitcoin network. NO ONE is prepared for this.' -FractalEncrypt

🧡Bitcoin news🧡

On the 3rd of December:

➡️'Bitcoin is still just 0.2% of global asset value.

Here is the latest update of this chart, which you may have seen in Saylor's presentations. With Bitcoin's price over $90k, it may feel like you're late to Bitcoin... but it is still a tiny bucket in the global asset ocean. As a ~$2T asset, it's incredibly early for Bitcoin.' - Jesse Myers

Bitcoin is “0.2% right now, at 1% of the total global assets, Bitcoin's a $9 Trillion asset, and worth about $450,000, at 3% is worth $1.3 Million per BTC. One of the most crucial and easiest charts to understand.

Oh and regarding the volatility, let me quote Joe Burnett: "Bitcoin is volatile because it’s a $450T asset trading for only $2T growing at a 70% CAGR. MSTR packages this volatility, sells it, and buys more Bitcoin. Do you see the reflexivity yet?

➡️'An estimated ~2.5 Million bitcoin ($240 billion) are lost forever.

Don’t let your stack be next. Here are the 5 most common self-custody mistakes people make (and how to avoid them):' Great thread by River:

TLDR: Avoid these mistakes to keep your Bitcoin safe: 1. Practice restoring your wallet before sending funds to it. 2. Send test transactions before the full amount. 3. Air-gap your wallet for large amounts. 4. Keep inheritance plans simple & secure. 5. Manage your UTXOs smartly. Here are the 5 most common self-custody mistakes people make (and how to avoid them)'

➡️Canadian publicly traded company Bitcoin Well Inc. adoptsBitcoinas a treasury reserve asset and is raising $2 million to buy more BTC.

➡️BlackRock’s Bitcoin ETF surpasses the 500K Bitcoin benchmark, currently worth over $48 billion.

➡️Mashinsky to plead guilty in Celsius fraud case.

➡️Virgin Voyages announces it is the first cruise line to accept Bitcoin as payment.

➡️The US government has transferred nearly 20K $BTC valued at $1.92 billion. Meanwhile, Coinbase CEO Brian Armstrong agrees with US Space Force major Jason Lowery that the US gov't should NEVER sell its Bitcoin holdings, citing it as a strategic mistake that makes no sense at any price point.

➡️Total balance on exchanges drops to around 2.8M BTC, down from 3M in February.

➡️MARA's convertible note offering just upsized from $805 MILLION to $1 BILLION at 0% interest due to massive demand.

➡️Japanese House of Representatives member Taro Kono posts a picture of his friend mining Bitcoin with a Bitaxe.

On the 4th of December:

The impact of truth evolves as more people acknowledge it. Here’s another milestone:

➡️Russia's President Putin says, “For example, Bitcoin, who can prohibit it? Nobody. Who can prohibit the use of other electronic means of payment? Nobody. Because these are new technologies and no matter what happens to the dollar, these tools will develop one way or another because everyone will strive to reduce costs and increase reliability.”

➡️Donald Trump officially nominates pro-Bitcoin Paul Atkins as next SEC Chair.

➡️And on the same day, Jerome Powell calls Bitcoin a competitor of gold, not the dollar. '“It’s just like gold only it’s virtual. It’s digital. People are not using it as a form of payment or as a store of value. It’s highly volatile. It’s not a competitor for the dollar. It’s a competitor for gold.”

Great thread on how Bitcoin will disrupt all markets.

➡️On that statement made by Powell: Powell: "Bitcoin is not a store of value. It's too volatile" Reality: Bitcoin is not only the best-performing asset in history (and certainly in 2024), it has a HIGHER Sharpe ratio (risk-adjusted return) than the S&P, Treasuries, and gold. - ZeroHedge

➡️'Missing just the 2 best 24-hour periods of Bitcoin returns each year since 2014 would've completely wiped out the 12,964% gains you’d have made by simply HODLing.' - Wicked

This is why you shouldn't trade Bitcoin, just avoid trading. Just imagine you just had the balls to HODL aka. patience aka. low time preference. Full disclosure, in the past I had no balls.

➡️One of the largest bitcoin miners in the world launches a ‘Strategic Bitcoin Reserve’. Hut 8!

➡️Saylor presents a “Trump Max” plan for a U.S. Strategic Bitcoin Reserve, proposing the government acquire 4 million Bitcoin and convert 75% of surpluses into BTC. By 2045, this strategy projects a value of $81 trillion.

➡️Pete Rizzo: Someone just activated an 11-year-old wallet with 2,700 Bitcoin worth $254 MILLION. They HODL'ed from $600 to $96,000.

On the 5th of December:

➡️There it is! The price of Bitcoin hit USD 100,000 for the first time! 100,000 infinitely printable US government tokens per glorious Nakamoto-grade orange coin. And a crucial and painful conclusion is that few traditional investors will have enjoyed it! Ps.: 80% of all dollars were created in the last 5 years.

Daniel Batten: 'On the day Bitcoin broke 100K, Bitcoin critics cannot even say "but it boils the oceans" anymore without looking utterly ignorant, as a 6th sustainability magazine covers how Bitcoin helps green energy adoption and grid stabilization.'

➡️El Salvador is now $333 MILLION in profit on its Bitcoin investment. IMF in tears.

Other countries go full retard. ➡️Central Bank of Chile has ruled out adding Bitcoin as a reserve asset, citing non-compliance with IMF standards for foreign reserves. 'The International Monetary Fund (IMF) has extended various financial arrangements to Chile over the years, primarily as precautionary measures to bolster the country’s economic resilience. These arrangements include the Flexible Credit Line (FCL) and the Short-term Liquidity Line (SLL).' -Fiatextractor In other words, Chile is not a sovereign country. It's like a fentanyl junkie in San Fran! That FIAT line of credit is just too good to give up.

➡️ The German government sold 50,000 Bitcoin at $55,000. Bitcoin is up 85% since then. Missed out on a cool $2.35 BILLION profit...Verdammt nochmal!

➡️Semler Scientific just bought another $29.3m Bitcoin. Since adopting a Bitcoin Treasury Strategy in May 2024 the Company has bought $147.1 million Bitcoin. MicroStrategy playbook!

➡️Bitcoin sets a NEW ALL-TIME HIGH against gold. It now takes 39 ounces to buy one Bitcoin.

On the 6th of December:

➡️Czech Republic scraps capital gains tax on Bitcoin held +3 years! The Czech Republic has enacted a new law eliminating capital gains tax on Bitcoin held for more than three years and prohibiting banks from discriminating against Bitcoin businesses.

➡️El Salvador bonds rally as Bitcoin jumps past $100,000" — Bloomberg 'What this means is buying Bitcoin has been such a HUGE success that El Salvador is now able to refinance its debt at much lower interest rates, and can use the savings to buy even more Bitcoin!' -Bitcoin Archive

➡️The City of Newport rejects the offer of James Howells, who in 2013 lost a hard drive containing 8K Bitcoin ($~800M), now buried in a local landfill, equal to 25% of the funds recovered in a change of search permission for him and his data recovery team

➡️On the Schwab Network: "If you don't have at least 10% of your portfolio in Bitcoin or Bitcoin-related assets, you're going to fall significantly behind."

➡️$891 MILLION of leveraged crypto positions liquidated in just 24hrs. REKT!!

➡️Bloomberg terminal now shows the Bitcoin price as $0.1m instead of in thousands.

➡️'The US spot ETFs have just passed Satoshi in total Bitcoin held, now hold more than 1.1m, more than anyone in the world, and they're not even a year old yet, literally babies still. Mind-blowing.' -Eric Balchunas (foto)

The time it took for Bitcoin to add a zero to its exchange price:

On the 7th of December:

➡️U.S. Treasury says Bitcoin's primary use case is "digital gold". Meanwhile, Bernstein researched, Bitcoin to replace gold as the leading store of value within the next ten years - Bernstein research

Dennis Porter: 'The U.S. Treasury just declared that Bitcoin is digital gold and yet some people still think $100,000 bitcoin is too expensive. We are going much higher.'

If your goal is to accumulate as much gold as possible, well the best strategy is to be saving in Bitcoin.

Bitcoin replacing gold is the logical base case. Replacing every de facto Medium of Saving is the logical base case. Gold is the first asset in the domino stack to experience what it feels like when Bitcoin starts to suck away its monetary premium, reducing its market value to its utility value. Replacing fiat is a much larger and more speculative leap. But it will come, in due course.

➡️'Bitcoin miners in the aggregate have seen a significant reduction in the total Bitcoin held in wallets linked to mining activities. On-chain analytics platform Santiment revealed a decline of 85,503 BTC over 48 hours, representing the largest drop since February 2024.' -Bitcoin News

➡️Holding Bitcoin has been profitable for over 99.8% of its history!

➡️'Bitcoin Cycles Timeline. I don't make the rules.

2016-2020

Halving to Peak: 525 days

Peak to Bottom: 364 days

Bottom to Halving 518 days

2020-2024

Halving to Peak: 532 days

Peak to Bottom: 371 days

Bottom to Halving: 532 Days

The next halving date is March 26, 2028. Look how accurately the above timeline would put us at the halving...

Will the pattern continue?' -Brett

On the 8th of October:

➡️Microsoft could make history in two days, on the 10th of December, as shareholders vote on whether to add Bitcoin to the balance sheet. A decision that could ripple across corporate America.

➡️Joe Burnett: 'Median new US home price in bitcoin

2012 - 50,616 BTC

2013 - 19,127 BTC

2014 - 351 BTC

2015 - 901 BTC

2016 - 697 BTC

2017 - 323 BTC

2018 - 24 BTC

2019 - 84 BTC

2020 - 46 BTC

2021 - 10 BTC

2022 - 20 BTC

2023 - 14 BTC

2024 - 4.3 BTC'

Great anecdote by someone called BTCbeardman on Twitter: 'I bought my home in March 2023. The price was $495,000, which was 22.5 BTC. Today the value is $560,000, which is 5.6 BTC. In a little less than 2 years my home value increased 13% in dollars. But it lost 75% of its value in Bitcoin. Real estate is COLLAPSING in front of us.'

➡️On this day, someone sent 1,000 BTC, today worth $100 million, around the world for a $10 fee. Now try that with Fiat or with Gold. That's the beauty of Bitcoin.

➡️'MicroStrategy has bought $17.5 billion Bitcoin this year, and $13b of that in the last just 6 weeks. Some thought the 2027 target of $18b was a fantasy, but he's about to smash that this week with another buy. How much will Saylor buy this week? Another $1b, $2b... $5b?' -Bitcoin Archive

On the 9th of December:

➡️So far today:

• MicroStrategy bought $2.1 BILLION Bitcoin. Freaking conviction by Saylor. Although, I don't like that MicroStrategy is holding more than 2% of all Bitcoin to ever exist.
• UAE holding its first-ever Bitcoin conference.
• Public company Riot is raising $500 million to buy Bitcoin.

➡️'Bitcoin has just closed its first daily AND weekly candle above $100k. Congrats to all the HODLers! Iran to embrace Bitcoin with regulatory framework instead of banning them, says Minister of Economic Affairs First Russia, then China...now Iran.' -Bitcoin Archive

➡️Publicly traded AI firm Genius Group buys an additional $2.2 million.

➡️Amazon shareholders have submitted a request for the $2.3 Trillion company to explore adding Bitcoin to its treasury. Amazon shareholders request that the Board conduct an assessment to determine if adding Bitcoin to the Company's treasury is in the best long-term interests of shareholders. foto)

➡️IMF tells El Salvador that Bitcoin acceptance by businesses must be voluntary to unlock a $1.3b loan.

They're scared of success...

💸Traditional Finance / Macro:

On the 2nd of December: 👉🏽'This is the strongest stock market in decades: The S&P 500 is up 26.5% this year and on track for its best annual performance in 26 years. If the S&P 500 rises another 3.5%, it would mark the first annual gain of 30% or more since 1997. Additionally, the S&P 500 has hit 53 all-time highs year-to-date, the 3rd highest this century.

This is only below the 70 and 62 all-time highs seen in 2021 and 2017. Since the October 2023 low, the S&P 500 is now up an incredible 47%.' TKL As mentioned in the previous Weekly Recap the Mag 7 is unprecedented. The rest of the SP500 and economy are just bloated on printed money barely outpacing inflation. Oh, by the way, the last time U.S. stocks were this overvalued versus the rest of the world was... well, never.

👉🏽'Buffett’s cash allocation is at 30% of Berkshire Hathaway’s total assets Such an elevated cash position has NEVER been seen. His cash pile has just hit a RECORD of $325 billion. Warren Buffett's cash pile just hit another ATH, reaching $325 billion That’s $325 billion sitting on the sidelines at Berkshire Hathaway. Well, the last time Buffett maintained elevated cash levels was between 2004 - 2007 During these 3 years, his cash allocation consistently exceeded 20%.' -Bravos Research This could get ugly…

🏦Banks:  👉🏽 No news

🌎Macro/Geopolitics:

On the 3rd of December:

👉🏽'The US government brings in about $5 trillion annually in revenue from taxes, fees, and tariffs. The US government is on pace to spend about $1.4 trillion for interest payments on the $36 trillion debt in 2025. That will be about 28% of all govt revenue going to interest payments.' - WallStreet Mav And that 28% is increasing almost exponentially due to all those short-term bonds rolling over from low to high rates… Again no gloom and doom, just facts. Total US debt is now up ~$13 TRILLION since 2020 and at a record $36 TRILLION.

Another source: 'The US is projected to spend $3.8 billion PER DAY on interest expense in 2025. The US net interest payments on national debt hit a $1.12 trillion annual rate in Q3 2024, a new record. This is TWICE the amount seen in 2021, according to the Bureau of Economic Analysis data. As a result, interest as a % of government revenue hit 18%, the highest in 30+ years. Interest expense now exceeds government spending on R&D, infrastructure, and education COMBINED.' -TKL

👉🏽South Korean parliament votes 190-0 to lift President Yoon's martial law declaration. According to Odaily, the South Korean government has pledged to provide UNLIMITED LIQUIDITY to the market if needed. And there it is: just need a little martial law for BRRRRR.

👉🏽

“If we exclude the tech sector, EU productivity growth over the past 20 years would be broadly at par with the US” - Draghi

If we exclude the industry that makes loads of money and is integral to the world, and to our future, then the EU is on a par with the US. Sure just exclude the most productive sector in the last 20 years. Let’s see what we can regulate in the EU next.

“If my grandmother had wheels, she would have been a bike”.

"If you exclude athletic ability and technical skills, I am broadly at par with Ronaldo (R9)."

Oh well, you get the picture!

'Anyway, the US to European equity valuations have risen to 3.6x in November, a record. This ratio has DOUBLED in 8 years. To put this into perspective, the long-term average is 3 TIMES lower, at ~1.2x. This comes as the US stock market has outperformed Europe in 12 out of the last 15 years. This year alone, the US has returned ~21% more than Europe, the largest difference since 1976. US stocks are dominating the market.'

A sobering EU thread, worth your time and read: https://x.com/0x_ale/status/1864731334327066683

👉🏽IMF Fiscal Monitor: Fiscal consolidation measures reduce output and household consumption; cuts in public investment are particularly detrimental. "If taxes are progressive, raising them leads to smaller output losses." Source: https://www.imf.org/en/Publications/FM/Issues/2024/10/23/fiscal-monitor-october-2024

👉🏽Mark Zuckerberg's Meta joins Amazon and Google to back nuclear energy to power AI data centers - Axios

On the 4th of December:

👉🏽France's government collapses after losing a no-confidence vote in parliament. Macron just landed from a trip to Saudi Arabia without a government. Putaaaaiiinnn. To put things into perspective! France's creditworthiness is now comparable to Greece's rather than being on the same level as Germany.

👉🏽October payrolls revised from 233K to 184K, the biggest negative revision since May 2023. As a feature, downward revisions. Classic. Just a casual 20% negative adjustment.

'The Household survey showed significant weakness, with the number of employed people falling by -355,000 in November. Meanwhile, the US lost -111,000 full-time jobs and -268,000 part-time jobs. There are now 1.7 million people in long-term unemployment, up from 1.2 million last year. All while the US government added +33,000 jobs last month ALONE. Something doesn't add up here.' -TKL

👉🏽The normally fiscally conservative Germans want more debt to deal with an ailing economy. German Bank president Joachim Nagel urges Berlin to relax rules to address defense and infrastructure shortfalls. "If you put major increases in tariffs on top of current forecasts, the economy might broadly stagnate for even longer".

How to tides have changed, innit? 'Flashback to the Eurozone crisis of 2011-2012, when Germany's finance minister Schäuble demanded austerity in Southern Europe, claiming that "too high deficits and debt levels" had caused the crisis: "You can't cure an alcoholic by giving him alcohol." The discourse was out of control.'- Phillip Heimberger

👉🏽Last week I mentioned how the EU bit by bit is rolling out their digital agenda. Dr. Jan Wústenfeld: The EU proposal to scan all your WhatsApp chats is back on the agenda. The transparent citizen. Meanwhile, the ECB says the digital euro will set the privacy "gold standard". Something does not add up. Watch what they do, not what they say."

Full Disclosure: "On December 6, 2024, the European Pirate Party reported that the European Council Committee stopped the proposal (yet again) as more governments joined the list of countries against it."

Source: https://www.techradar.com/computing/cyber-security/the-eu-proposal-to-scan-all-your-whatsapp-chats-is-back-on-the-agenda

On the 6th of December:

👉🏽Germany's industrial downturn shows no signs of easing. Industrial production dropped by 1% in October MoM, starting the final quarter w/an unexpected decline & raising concerns about a potential winter recession. Compared to last year, industrial production was down ~5%. Industrial production in Germany - now more than 17% lower than at the end of 2017.

👉🏽'Total world debt officially hit a record $323 trillion in Q3 2024. Over the last 3 quarters, global debt has skyrocketed by $12 TRILLION, according to the Institute of International Finance (IIF). In just two decades, global debt has TRIPLED. Moreover, global debt-to-GDP now stands at 326% and remains above pre-pandemic levels. Furthermore, debt in emerging markets reached a near-record $105 trillion, or 245% of GDP. Debt is skyrocketing around the globe.' -TKL

Now imagine the burden of interest expenses, imagine that the entire world is based on borrowed money (future generations' time & productivity).... 323 trillion and rising vs. 21 million BTC (max.).

👉🏽President Nayib Bukele revealed that El Salvador has discovered up to $3 TRILLION in unmined gold, and he is now moving quickly to repeal the mining ban regulation so that miners can get to work.

"We've also found gallium, tantalum, tin, and many other materials needed for the 4th and 5th industrial revolution." -Bukele

And this is why Bitcoin is going to outcompete gold. We'll never find a hidden stash of 3 trillion dollars of Bitcoin that no one knew about.

👉🏽'As long as Asia builds almost 1.000 new coal power plants, it doesn’t really matter what we in the West do to fight climate change Even if we moved the UK, Germany or Spain back to the Middle Ages as left green degrowth freaks dream of, it would have barely any impact on climate.' -Michael A. Arouet

Now don't get me wrong. The problem isn't China. The thing is, in Germany (Europe, the West) we believe that we alone can save the climate no matter what the rest of the world is doing.

Next to that, 'We're not only fighting climate change in the West... we're also lighting candles, planting trees, drinking vegan bio milk extracted by hand from virgin cows, and singing kumbayah around the campfire.' - Triangleforces.

And even that isn't the real problem. The real problem is the absolute increase of Chinese CO2 between 2022 and 2023 is larger than the total that Germany has. For example, the elimination of Germany from the planet would equal Chinese growth of one year. But who manufactures for the rest then if we close all the coal plants in China? The EU and the US together consume almost half of the world’s resources, while only making up 10% of the world’s population. The ecological crisis goes way beyond emissions. We have a spending and a consumerism problem.

🎁If you have made it this far I would like to give you a little gift:

What Bitcoin Did is back! $100K BITCOIN, MICROSTRATEGY AND THE BULL MARKET with Checkmate.

Checkmate is an on-chain analyst and founder of Checkonchain. In this interview, they discuss the relaunch of 'What Bitcoin Did,' Bitcoin breaking 100K and the growth in institutional demand.We also get into the the Strategic Bitcoin Reserve, the impact of options on Bitcoin's market dynamics, and the MicroStrategy playbook as a volatility product.

https://www.youtube.com/watch?v=Wvf6NV23rqw

Credit: I have used multiple sources!

My savings account: Bitcoin The tool I recommend for setting up a Bitcoin savings plan: PocketBitcoin especially suited for beginners or people who want to invest in Bitcoin with an automated investment plan once a week or monthly. Use the code BITCOINFRIDAY

Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.⠀⠀⠀⠀⠀ ⠀⠀⠀

Do you think this post is helpful to you? If so, please share it and support my work with sats.

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⭐ Many thanks⭐

Felipe -Bitcoin Friday!

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@ 765da722:17c600e6

The mercies, blessings, and kindnesses of God are many and constant. From the very air we breathe to the Word we read, the Spirit of God overflows us with divine goodness. Our greatest good is salvation in Christ Jesus.

Each one has his own reasons to give thanks. God deals with us as individuals. Many of our reasons overlap, but each day reveals specific and individual moments of attention from the Almighty.

In all he does, the Lord wants us to see and know him. He created us for that reason. He brought us into being for love.

It is probably good to have a specific day to give thanks. We ought to be reminded that it is our first task every single day of our lives.

You are good and do only good; teach me your decrees. Psalm 119.68 NLT.

@ 5d4b6c8d:8a1c1ee3

We made it through the Group Play stage of the NBA Emirates Cup. Now the contest really heats up. It's single elimination from here on out, for us and for the teams.

The Quarter Finals will be played on Tuesday and Wednesday. Should you survive that, the Semi Finals will be on Saturday, 12/14, with the Finals being Tuesday, 12/ 17.

The bracket is divided by East and West, so the winners from the QF will matchup by division in the SF.

---

QF Matches

• Magic @ Bucks

• Hawks @ Knicks

• Mavs @ Thunder

• Warriors @ Rockets

I'm pretty strongly leaning towards the Knicks, but I need to work out through the possible scenarios a bit more.

---

Remaining Options ("x" indicates used)

| Stacker | Magic | Bucks | Hawks | Knicks | Mavs | OKC | Wariors | Rockets | |--- |--- |--- |--- |--- |--- |--- |--- |--- | | @Undisciplined | x | | x | | x | | | x | | @supercyclone | x | | | | x | | | | | @grayruby | x | | x | | | | | x | | @realBitcoinDog| x | | | | x | | x | | | @Carresan | x | | | x | | | | | | @siggy47 | | | x | | | | | x | | @gnilma | x | | | x | x | | | x |

An interesting thing about this table is that the three stackers who still have six remaining teams are the three survivors who had to use their rebuys.

Prize: 60k!

I haven't done an official tally for a bit, but we're somewhere around that.

originally posted at https://stacker.news/items/797177

@ 5d4b6c8d:8a1c1ee3

It's the anniversary edition!

We'll talk about the first year of ~Stacker_Sports and some of the things on our radar.

Contests

• UEFA
• Cricket
• America vs The World

Sports Betting

• RBOA is catching on
• Predyx has a new market type

NBA

• The NBA Cup is entering the Knockout Stage
• KAT Corner?
• Game of the Week

NFL

• Fantasy Football
• Mock Draft Season
• Game of the Week

MLB

• Offseason news
• Proposed rule changes

Blok's Shots (NHL)

• Four Nations Faceoff

originally posted at https://stacker.news/items/796772

@ a17fb4ed:c53f7e91

Every now and then I take a step back and read this classic. I keep it taped to the back of my office door as a reminder. I'll leave it here on Nostr for all of you to read as needed.

Cheers, Yooper

“Father Forgets”

Listen, son: I am saying this as you lie asleep, one little paw crumpled under your cheek and the blond curls stickily wet on your damp forehead. I have stolen into your room alone. Just a few minutes ago, as I sat reading my paper in the library, a stifling wave of remorse swept over me. Guiltily I came to your bedside.

There are the things I was thinking, son: I had been cross to you. I scolded you as you were dressing for school because you gave your face merely a dab with a towel. I took you to task for not cleaning your shoes. I called out angrily when you threw some of your things on the floor.

At breakfast I found fault, too. You spilled things. You gulped down your food. You put your elbows on the table. You spread butter too thick on your bread. And as you started off to play and I made for my train, you turned and waved a hand and called, “Goodbye, Daddy!” and I frowned, and said in reply, “Hold your shoulders back!”

Then it began all over again in the late afternoon. As I came up the road I spied you, down on your knees, playing marbles. There were holes in your stockings. I humiliated you before your boyfriends by marching you ahead of me to the house. Stockings were expensive‐and if you had to buy them you would be more careful! Imagine that, son, from a father!

Do you remember, later, when I was reading in the library, how you came in timidly, with a sort of hurt look in your eyes? When I glanced up over my paper, impatient at the interruption, you hesitated at the door. “What is it you want?” I snapped. You said nothing, but ran across in one tempestuous plunge, and threw your arms around my neck and kissed me, and your small arms tightened with an affection that God had set blooming in your heart and which even neglect could not wither.

And then you were gone, pattering up the stairs. Well, son, it was shortly afterwards that my paper slipped from my hands and a terrible sickening fear came over me. What has habit been doing to me?

The habit of finding fault, of reprimanding‐this was my reward to you for being a boy. It was not that I did not love you; it was that I expected too much of youth. I was measuring you by the yardstick of my own years.

And there was so much that was good and fine and true in your character. The little heart of you was as big as the dawn itself over the wide hills. This was shown by your spontaneous impulse to rush in and kiss me good night. Nothing else matters tonight, son. I have come to your bedside in the darkness, and I have knelt there, ashamed!

It is feeble atonement; I know you would not understand these things if I told them to you during your waking hours. But tomorrow I will be a real daddy! I will chum with you, and suffer when you suffer, and laugh when you laugh. I will bite my tongue when impatient words come. I will keep saying as if it were a ritual: “He is nothing but a boy‐a little boy!”

I am afraid I have visualized you as a man. Yet as I see you now, son, crumpled and weary in your cot, I see that you are still a baby. Yesterday you were in your mother’s arms, your head on her shoulder. I have asked too much, too much.

-W. Livingston Larned

@ 57d1a264:69f1fee1

When: Dec 5th, 2024 - 15:30 (CET) Join: https://meet.jit.si/bitcoinproductcommunity

Community: https://discord.gg/wTfYyEtEyK

originally posted at https://stacker.news/items/795935

@ deba271e:36005655

Overall this was such a great experience, but as always there are couple things that could be better. Don't hate me. Complaining about experience is in my job description.

• Internet at feria: There are connection issues hampering the experience for both sellers and buyers.
  • Having a wifi for the sellers would greatly improve the situation - but I also understand that none of this can be imposed by outsiders - I'm happy to help [REDACTED].
  • Another option is to create geyser.fund campaign specifically for this - "Get internet for bitcoin merchants at Uvita farmers market". I'm using the words in this title carefully to be catchy in the right way.
  • Then one of the best ways is just get the wifi access QR code (often can be generated in the access point interface), print it and give that to the sellers. No need to hassle with the password, etc.
• Teaching bitcoin to buyers at feria: At the feria there were many people buying the produce that have no idea what is bitcoin. Since the ferias are the flagship experience of Bitcoin Jungle, this would be a great opportunity to teach the buyers about bitcoin.
  • I think it would be great to have some (sensible) billboard/banner that explains how to use bitcoin, how to download the app, get colones on it and then pay at the feria.
  • This could actually be incentivized by some campaign like "Get 5000 CRC to use at feria if you install lightning wallet for the first time" (again this could be funded by geyser campaign if you don't have funds for this). The sellers can just point to the banner if someone asks them.
  • Maybe there is a chance to have a small bitcoin booth at the corner of the feria that could give away some basic printed info about bitcoin and how to use it. It could sell books (Gladstein, Lyn Alden, the El Salvador classbook, etc), some tote bags (useful for the market) or similar useful bitcoin branded merch.
• Help all sellers accept bitcoin: There were 2 sellers that didn't accept bitcoin and that's ok, but it would be great to mitigate the gap in experience for the buyers. One option is for the ask the seller next to them to accept the bitcoin for them and give them colones (I have seen this happen in one case - it worked great). And so this just needs a small bit of education.
• Allow pre-configuring items in the POS: The selers that have fixed price items (i.e. not weighted) were still adding the numbers on calculator or similar, it was a bit tricky for them, prone to mistake.
  • (I haven't actually seen the Bitcoin Jungle wallet POS, so maybe this is already solved - if yes, then ignore)
  • Consider providing features to pre-configure the items in the POS, so the seller can just tap on items and it adds those up. One benefit of this for the selers is that this can give them precise tracking for how many pineapples they sold, etc.
  • This is something that actually works quite nicely in the Breez wallet. See the screenshot bottom right: https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcafc3cd0-adb3-47be-bdcd-9d3ba57fe967_1614x906.png
• Keep btcmap.org up to date: Currently I don't think https://btcmap.org/map#15/9.16567/-83.73844 lists the feria and maybe other places. This is something that many bitcoiners coming to the are will use and so keeping the btcmap.org up to date would go a long way. It's fairly simple to add new items to the map and there are many communities in each country that keep those up to date (e.g. I know people that are calling the restaurants and verifying that they still accept bitcoin).
• Try including some ready to eat food seller at the feria: Currently the selection of produce was nice, but one thing that was a bit missing is the one stand that sells ready to eat local food.
  • This could be some sandwiches, quesadillas, etc…
• Have a board for people offering services: This is just an idea - not sure how well would it work and also this may already be handled somewhere else in Uvita?
  • One thing that could be useful and I was actually looking for is to have some form of a big board where people can offer their services - cooking, cleaning pools, taking care of kids, fixing roofs, teaching surfing, etc. It could be a board where people can pin their notes with WhatsApp numbers like this. Do you want some work done at your house or garden? You would just come to check this board.

@ 2063cd79:57bd1320

Gerade für Anfänger//innen ist es oft nicht leicht die in der Bitcoin Welt verwendeten Benennungen und Stückelungen zu durchsteigen. Was unterscheidet Bitcoin von bitcoins, wie viele Sats sind ein Bitcoin und was zur Hölle sind UTXOs? Und vielmehr noch, warum sollte mich das interessieren? Ganz einfach: Wer UTXOs vernünftig verwaltet, spart sich nicht nur potentiell zukünftigen Ärger, sondern kann sogar bares Geld sparen. Da die meisten Menschen mit finanzieller Vorbildung gewohnt sind in Konten oder Guthaben zu denken, bedarf es beim Verständnis von UTXOs sicherlich ein wenig Unterstützung. Also wollen wir uns dem Thema Schritt für Schritt annehmen.

---

Einstieg

Viele Neulinge haben die Vorstellung, dass ein bitcoin gleich einem bitcoin ist. Sie nehmen fälschlicherweise an, dass ein bitcoin immer als Ganzes existiert. Für viele ist der Moment, in dem sie erkennen, dass ein bitcoin aus 100.000.000 Satoshis besteht, der erste große Aha!-Moment. Die Erkenntnis, dass man nicht einen ganzen bitcoin kaufen muss, sondern kleine Einheiten erwerben kann, eröffnet vielen einen ganz anderen Blick auf Bitcoin. Bekannte Sprüche, wie "ich bin zu spät dran" oder "ich kann mir keinen bitcoin leisten" hat jeder schon mal gehört und wenn man dann erklärt, dass man kleine Mengen für Cent-Beträge erwerben und versenden / erhalten kann, ändert dies die Grundhaltung zu Bitcoin von Grund auf.

Der nächste Schritt bei der Erkenntnisreise von Bitcoin ist das Verständnis über UTXOs (Unspent Transaction Output).

💡Ein UTXO ist das Stück Information jeder Bitcoin-Transaktion, das an eine neue Adresse ausgegeben wird, die als Eingabe für zukünftige Transaktionen verwendet werden kann.

Der einfachste Weg, UTXOs zu erklären, ist eine einfache Analogie zu Geld im Portemonnaie. Man stelle sich dazu die Bitcoin-Wallet als ganz normale Geldbörse im normalen Leben vor. Verschiedene Szenarien:

1. Man hat im Portemonnaie 10€ in Form eines 10€-Scheins. Man möchte am Kiosk ein Bier für 2€ kaufen. Also bezahlt man mit dem Schein und bekommt vom Verkäufer 8€ zurück.

Was ist passiert? Es gibt einen Transaktions-Output: 10€-Schein aus dem Portemonnaie. Und es gibt zwei Transaktions-Inputs: 2€ in die Kasse des Kiosks und 8€ zurück in das Portemonnaie. Das sieht dann so aus:

1. Man hat im Portemonnaie 10€ in Form von 10 1€-Münzen. Man möchte am Kiosk ein Bier für 2€ kaufen. Also bezahlt man mit zwei 1€-Münzen und bekommt nichts vom Verkäufer zurück. Man hat ja passend gezahlt.

Was ist passiert? Es werden zwei Transaktions-Outputs zusammengefasst: Zwei 1€-Münzen aus dem Portemonnaie. Und es gibt einen Transaktions-Input: 2€ in die Kasse des Kiosks (ein weiterer Input über 0€ zurück in das Portemonnaie ist nicht nötig). Das sieht dann so aus:

Es gibt natürlich auch ein Szenario, in dem beide Fälle verknüpft sind.

1. Man hat im Portemonnaie 10€ in Form von zwei 5€-Scheinen. Man möchte am Kiosk drei Bier für 6€ kaufen. Also bezahlt man mit zwei 5€-Scheinen und bekommt vom Verkäufer 4€ zurück.

Was ist passiert? Es gibt zwei Transaktions-Outputs: Zwei 5€-Scheine aus dem Portemonnaie. Und es gibt zwei Transaktions-Inputs: 6€ in die Kasse des Kiosks, und 4€ zurück in das Portemonnaie. Das sieht dann so aus:

Mit Hilfe dieser drei Szenarien haben wir die beiden Grundideen verbildlicht: Um einen gewissen Betrag zu bezahlen, können UTXOs (die jeweiligen Münzen oder Scheine im Portemonnaie) auseinandergebrochen oder zusammengefasst werden.

Eine weitere Grundidee besteht darin, dass ein UTXO IMMER zerstört wird. Das lässt sich mit dem folgenden Szenario verbildlichen:

1. Man hat im Portemonnaie 10€ in Form eines 10€-Scheins. Man möchte am Kiosk 5 Bier für 10€ kaufen. Also bezahlt man mit dem Schein und bekommt nichts vom Verkäufer zurück.

Was ist passiert? Es gibt einen Transaktions-Output: 10€-Schein aus dem Portemonnaie. Und es gibt einen Transaktions-Input: 10€ in die Kasse des Kiosks. Allerdings hat der Kioskbesitzer den 10€-Schein zerrissen und hat einen ganz neuen 10€-Schein bekommen, den er in die Kasse legt. Dem Besitzer ist egal, ob der Schein derselbe ist, wie der, den ich ihm gegeben habe, denn der Schein in seiner Kasse ist vom Wert identisch.

Als nächstes muss man verstehen, dass Transaktionen in der Blockchain historisch miteinander verknüpft sind. Diese Verknüpfung entsteht dadurch, dass die Outputs einer Transaktion immer die Inputs der nächsten Transaktion darstellen. In unserem Beispiel bedeutet das, dass es jemanden gibt, der eine Liste darüber führt, welche Münzen und Scheine aus einem Portemonnaie ausgegeben wurden und welche nicht. Auf dieser Liste steht aber auch, welche Münzen und Scheine in die Kasse des Kioskbesitzers gewandert sind und von dort wieder herausgegeben wurden. Diese Liste wird also immer länger, denn die Scheine und Münzen werden als Wechselgeld mehrere Male am Tag an verschiedene Kunden ausgegeben und auch deren Portemonnaies werden auf dieser Liste akribisch festgehalten. Diese Liste ist die Blockchain.

Jetzt haben wir also verstanden, dass Bitcoin kein System von Konten und Guthaben ist, sondern vielmehr die Sammlung und Übersicht von UTXOs und deren Besitzer. Die Aufgabe einer Wallet besteht also unter anderem darin, ein Bitcoin-Guthaben abzubilden, das aus vielen verschiedenen UTXOs besteht.

💡Zusammenfassung: Um eine Bitcoin-Transaktion auszugeben, wird entweder ein ganzer UTXO gesendet, für den es möglicherweise Wechselgeld gibt, oder es werden mehrere UTXOs zusammengefasst, um einen Betrag zu kombinieren.

Transaktionsgebühren

Mit diesem Wissen können wir jetzt eine weitere Komplexität hinzufügen. In unseren Szenarien gab es nur zwei Teilnehmer jeder Transaktion: Sender und Empfänger der Zahlung, also Biertrinker und Kioskbesitzer. Im Bitcoin-Netzwerk gibt es allerdings noch einen dritten Teilnehmer, der an jeder Transaktion interessiert ist. Die Miner. Denn Miner sind dafür verantwortlich, dass die Transaktionen in die Blockchain geschrieben werden und dafür erhalten sie eine kleine Transaktionsgebühr. Dies bedeutet, dass ein weiterer UTXO erstellt wird, der diese Gebühren enthält. Technisch gesehen ist diese Zahlung impliziert, dass heißt der (die) UTXO(s) auf der Senderseite sinf größer, als der UTXO auf der Empfängerseite. Das Delta erhält der Miner.

Die Höhe der Gebühr variiert von Transaktion zu Transaktion und kann sogar vom Sender eingestellt werden, indem das Delta größer oder kleiner eingestellt wird. Ein weiterer Punkt ist, dass der Gebrauch von vielen UTXOs auch zu höheren Gebühren führt, da die Gebühren anhand der Größe der Transaktion (Dateigröße) und nicht anhand der Geldmenge (in Bitcoin, US Dollar oder Euro dargestellt) berechnet werden. Eine 0,001 Bitcoin Zahlung kann dementsprechend höhere Gebühren beinhalten, als eine 100 Bitcoin Zahlung, wenn die 0,001 Bitcoin Zahlung aus vielen kleinen UTXOs besteht. Dies bedeutet aber nicht, dass ein Anteil jedes verwendeten UTXOs in separate UTXOs für den Miner aufgebrochen wird, der Miner erhält einen UTXO in Höhe der Gesamtmenge der Gebühren.

Um es einfach zu veranschaulichen, nehmen wir eine Gebühr von 1% an. Bildlich dargestellt ist dies einfacher zu verstehen:

Wie wir sehen können, hätten zwei UTXOs (5€ und 1€) gereicht, um die Zahlung von 6€ an den Kiosk zu tätigen, allerdings musste noch ein weiterer UTXO von der Wallet hinzugezogen werden, um auch die GEbühr zu zahlen. Der Rest geht als Wechselgeld an den Sender zurück.

Das Thema Gebühren ist nicht ganz trivial, denn die Höhe der Transaktionsgebühren hängt nicht nur davon ab, wie viele Bytes eine Transaktion hat (also aus wie vielen verschiedenen UTXOs sie zusammengestellt wurde), sondern auch vom aktuellen Status der Auslastung des Netzwerks und vom aktuellen Kurs. Die Gebühren werden in sats/B oder sats/vB (Satoshis pro (virtual) Byte) berechnet, also wie viele Sats man pro Byte entrichten muss. Da Sats Kursschwankungen unterliegen, sind Transaktionen im Allgemeinen teurer, wenn der Kurs hoch ist.

Wie an der Grafik deutlich zu sehen ist, sind Transaktionsgebühren in den letzten anderthalb Jahren relativ stabil und relativ niedrig gewesen, allerdings sieht man auch, dass es auch Zeiten gab, in denen die Gebühren deutlich gestiegen sind und sehr wechselhaft waren.

Ein weiterer Faktor beim Bestimmen der Gebühren ist der/die Nutzer//in selbst, denn Gebühren lassen sich individuell einstellen. Die meisten (mobilen) Wallets übernehmen diese Aufgabe für den/die Nutzer//in, indem mit Hilfe eines Algorithmus die optimale Höhe der angebotenen Gebühren berechnet wird. Wiederum andere Wallets erlauben dem/der Nutzer//in die Gebühren von Transaktion zu Transaktion frei zu bestimmen.

Welchen Nutzen haben hohe gegenüber niedrigen Gebühren? Bitcoin-Miner handeln nicht ganz uneigennützig, denn sie werden für ihre Arbeit entlohnt. Für jeden produzierten Block erhalten sie neben dem Blockanteil (Reward) auch sämtliche Transaktionsgebühren, der im neuen Block enthaltenen Transaktionen. Ohne zu sehr ins Detail zu gehen, bedeutet dies, dass Miner einen Anreiz haben, Transaktionen mit möglichst hohen Gebühren zuerst in den neuen Block zu schreiben, um so ihren Profit zu maximieren. Je höher eine Gebühr relativ zu denen der anderen Transaktionen im Mempool ist, desto wahrscheinlicher ist, dass diese Transaktion im nächsten Block landet. Das bietet dem/der Nutzer//in die Möglichkeit, die eigene Transaktion zu priorisieren.

Weitere Faktoren, die Einfluss auf die Höhe der Gebühren nehmen können (z.B. Adressformate), unterschlagen wir an dieser Stelle und widmen uns wieder dem eigentlichen Thema.

Wir haben also gesehen, dass das Bitcoin Netzwerk im Endeffekt eine riesige Sammlung von UTXOs ist. Man könnte auch sagen, dass UTXOs bitcoins sind und das Netzwerk nur den wechselnden Besitzanspruch jedes/jeder Besitzer//in verwaltet. In der Regel helfen uns Wallets dabei, dieses komplexe Netzwerk möglichst benutzerfreundlich darzustellen, denn alles was der/die Durchschnittsnutzer//in braucht, ist eine Übersicht über die Menge Bitcoin, die er/sie besitzt und eine Möglichkeit Bitcoin zu senden und zu empfangen. Wenn man aber etwas tiefer in die Materie steigt und/oder sogar anfängt, größere Mengen (und ich meine nicht große Summen) an Bitcoin zu empfangen, dann ist es sinnvoll, sich mit UTXO Management zu beschäftigen. Dies ist besonders häufig der Fall bei Firmen oder Personen, die Zahlungen in Bitcoin akzeptieren, Value-4-Value Content produzieren, oder in sonstiger Form viele Transaktionseingänge mit Bitcoin haben.

UTXO Management

Das Verwalten der eigenen UTXOs besteht im Prinzip darin, diese zu labeln / markieren und zu konsolidieren. Einige Wallets bieten diese Funktionen an und erlauben z.B. jeden einzelnen UTXO anzuzeigen und ein Label zu vergeben.

Dieses Taggen oder Labeln von einzelnen UTXOs wird auch Coin Control genannt, und ist dann besonders hilfreich, wenn man einzelne Eingänge in bestimmte UTXOs für Zahlungen und andere UTXOs für das Sparen aufteilen möchte. Dies könnte Gründe der Privatsphäre, aber auch einfach buchhalterische Hintergründe haben.

Mit unserem Vorwissen wissen wir jetzt, dass man problemlos alle UTXOs einer Wallet konsolidieren kann, indem man diese einfach in einer Transaktion in Höhe des gesamten Guthabens an eine eigene Adresse sendet. Dies hat zur Folge, dass alle UTXOs zu einem einzelnen UTXO (zzgl. eines UTXOs für Gebühren) gruppiert werden.

Dies sieht dann auf der Blockchain folgendermaßen aus:

Der Vorteil vom UTXO Management ist zum einen, dass man durch das Konsolidieren kleinerer Beträge zukünftig Transaktionsgebühren sparen kann - dies ist natürlich nur richtig, wenn man nicht genauso viele Konsolidierungen vornimmt, wie man Zahlungen ausführen würde. Auch ermöglicht aktives Management Konsolidierungen in Zeiten vorzunehmen, wenn Netzwerkgebühren niedrig sind, um zu vermeiden, dass man während einer Zeit, in der das Netzwerk überlastet ist, mehr bezahlt. Außerdem kann UTXO Management (und dazu gehören auch CoinJoins ⬇️) die Privatsphäre erhöhen, da die in einer Transaktion benutzten UTXOs Informationen über das Gesamtguthaben oder den Transaktionsverlauf preisgeben könnten.

https://www.genexyz.org/post/23-block-772315-bitcoin-mixing-q6i7y4/

Mit dem anhaltenden Wachstum des Netzwerks steigt natürlich auch die Anzahl der existierenden UTXOs, denn auch wenn Inputs zerstört werden, kommt es natürlich häufiger vor, dass größere UTXOs in kleinere aufgebrochen werden, als dass kleine UTXOs zu größeren Transaktionen zusammengefasst werden. Es gibt natürlich auch Zyklen, in denen die Gesamtmenge leicht zurück geht. Dies geht meist mit einem Rückgang des Kurses einher und ist auf UTXO Management zurückzuführen, bei dem große Operationen, wie Miner und Exchanges, ihre UTXOs bündeln und vom niedrigen Preis profitieren wollen.

Sidenote: Jede//r, der/ die schonmal eine "kleinere" Transaktion gesendet hat, "um zu testen, ob das auch alles funktioniert mit diesem Netzwerk", um dann anschließend einen größeren Betrag zu versenden, wird jetzt festgestellt haben, dass in beiden Fällen, sehr wahrscheinlich ein UTXO mit dem Gesamtbetrag ins Netzwerk gesendet wurde 😄

🫳🎤

---

In diesem Sinne, 2... 1... Risiko!‌

@ eaef5965:511d6b79

Bit late this quarter, but here now for the latest release on the most irreducible form of money, the monetary base. Data comes from the top 50 currencies in the world, their countries of which represent 96% of global GDP and 84% of global population (not very fair, right there). Gold and silver is analogous to this money supply. As is the stock of bitcoins.

This is quarterly release #26, for 2024 Q3.

If you have followed my work before, then you know that the constant hymn I've sung while speaking publicly about Bitcoin is that the only, economically comparable money supply in the fiat world to 21 million bitcoins is what economists call the "monetary base," or "base money." This is a corporeal money supply that has existed across all of modern economic and central banking epochs. For an apples-to-apples, ontological comparison with Bitcoin, look no further then Base money.

So what is it?

It is central bank money, comprised of two supplies:

1. Physical currency: Notes and coins, or “cash;”
2. Bank reserves: The “Master account” that each commercial bank holds with its central bank.

Now, why do I refer to this as, "Central bank money?" This is because, unlike all other money supplies in the fiduciary banking world (like M1/M2/M3), the Monetary base is the sole and ultimate money supply controlled by the central bank. It is, literally, the printing press.

What follows won't be a lesson in reserve ratios or monetary economics. The point is that you simply understand that there is a money supply that central banks solely control, and of course (of course!) this is what Bitcoin's 21 million are up against.

The monetary base is to the core of the entire fiat financial system, as 21 million bitcoins are to the core of the Bitcoin protocol.

One is open and permissionless, and one is not.

By the way, the monetary base is essentially (though not entirely) analogous to the total liabilities of a central bank, so we can (basically) say that the monetary base is the "balance sheet" of each central bank.

On cash. Quick notes on the above. Certainly you understand what "cash" is, and it is indeed an instrument that has been fully monopolized by each central bank in each nation around the world--only they can print it. Even though it is true that banks in more free banking societies in the past could freely print and strike notes and coins, the central bank (or state) monopoly has been around for a long time. Kublai Khan was the first to do it 750 years ago.

On bank reserves. Don't stress your brain on this too much, but this is the main "settlement money" that banks use between each other, when they want to settle their debts. It is digital now (Fedwire in US, CHAPS in UK), but it doesn't technically have to be, and of course before modern technology took over even a few decades ago, it was not.

These two stacks of retail and wholesale cash, stacks of central bank money, are what makes up the Monetary base. This is the printing press. Only this compares to 21 million bitcoins.

And gold, and silver by the way.

Final note, central bank digital currencies, or CBDCs, which are simply LARPing on Bitcoin's success, are indeed created by central banks, and they are indeed classified as Base money. They are going to be a "third rail." They are thankfully incredibly small, pilot projects today. We will see how far democracies will be tested, as autocracies no doubt will mainstream them; but for now, consider them, at least economically, to be inconsequential to the update below.

With that review out of the way, onward to Q2 update for 2024.

Bitcoin is the 6th largest money in the world.

In February 2024, it surpassed the monetary base of the United Kingdom, that is its value was larger than the Bank of England's balance sheet, and it remains so to this day.

As of 30 September 2024, it is only the balance sheets of the big four central banks that are larger than Bitcoin. They are:

1. Federal Reserve (dollar): $5.59 trillion
2. People's Bank of China (yuan): $5.40 trillion equivalent
3. European Central Bank (euro): $5.28 trillion equivalent
4. Bank of Japan (yen): $4.69 trillion equivalent

If we remove gold from the equation (we shouldn't), then Bitcoin could be considered the 5th largest money in the world.

However, the all-important monetary metal throughout history that even a child knows about--gold--is still king at around $16.5 trillion in value, or 6.1 billion ounces worldwide. Note, this does not include gold lost/recycled through industry; in that case, it is estimated that about 6.9 billion ounces of gold have been mined throughout humanity.

Update #26 Executive Summary

Silver, for what it's worth, is still a big "monetary" metal; though it is true, much more silver is gobbled up in industry compared to gold. There are about 31 billion ounces of non-industrial silver floating around the world (most of it in jewelry and silverware form) that is valued in today's prices at nearly $1 trillion. Bitcoin bigger.

State of the Print: $27.0 trillion.

If we add up the Big Four central banks already mentioned above (again, Bitcoin being larger than the Bank of England's monetary base), as well as the next 46 central banks, we get to a total, USD equivalent value of $27.0 trillion in base money across the world.

If we consider $27.0 trillion as the Big Boss of central bank money, then Bitcoin at $1.25 trillion network value (September, quarter-end figure!) indeed has some way to go.  But as we can see from the last month leading up to this publishing, that can change quickly. We have just surpassed $100 thousand per bitcoin, which brings the network value to $2 trillion. We can also imagine how the Pareto distribution occurs even in money, if Bitcoin after only 15 years is already larger than every central bank money in the world except for four of them. Wild to ponder.

Supply inflation: 12.7% per year.

It is also true that for two years they have been trying to "normalize" their balance sheets after the 2020-22 Covid madness, stimulus, and money printing. Of course, they have been trying all along to normalize since the 2008 global finance crisis (GFC), but I digress.

When I first started my website, I vowed never to use such a non-corporeal thing as CPI to discuss how much things cost. A "general increase in the level of consumer prices," or CPI, as measured by planning boards around the world, is not a real thing. It may be calculated by people with the best of intentions, but it has been manipulated and volumes have been written about it. I don't use it.

I have always defined inflation as the classical economists did: Inflation is an increase in the "stock" of money. If we know the all-time stock of euros printed by the European Central Bank now, and we know the all-time stock of euros printed by the ECB 12 months ago, then it is very easy to calculate the annual inflation of the euro. Not only is it easy, but it is real. It is corporeal. Watch what they do, not what they say.

I have been tracking this since 2018, and though this figure has evolved slightly (mostly increasing from massive COVID stimulus of 2020-2021, the high-signal, important to remember figure of all-time compound annual growth (CAGR) of the global base money supply since 1969 is 12.7%. That is 12.7% compounded, per year. It is a doubling time of 5.8 years.

Growth rate of the monetary base

It is highly valuable to understand that, ceteris paribus, if the demand for cash balances does not keep up with this monetary supply increase, then prices will rise. This erodes purchasing power. I do not attempt to measure the demand for cash balances in this research. Regardless, 12.7% is a useful figure to understand.

Let's compare.

For the rest of this report, I want to do something different and simply spend some time looking at the compound annual growth rates of various corporeal things around the world, in order that we can compare those to the growth of the fiat monetary base, and Bitcoin.

Remember, most things in the financial and economic world grow exponentially. This simply means that they grow constantly. The financial term here is compound growth, or compound interest. This rate of growth can indeed change year to year (interest rates can go up, or down), but over the years we can observe a strong trend, and that is what I want to summarize here for you.

Population.

The world has grown exponentially at 1.7% per year over the last 75 years. However, despite all the overpopulation myths you've probably heard, this rate of growth is actually falling, well below trend, and we only grow at 0.9% per year at the moment.

GDP.

The United States has grown its economy at 5.2% compounded per year since the founding of the republic. We are at the higher end of this trend right now, $28.8 trillion output per year, growing at 5.3% per year. As this is exponential growth, if I put it on log scale, it will become a straight line.

Stocks.

Stocks grow exponentially as well, don't let anyone tell you otherwise. The growth rate is 7.3% per year for the S&P 500, the main US index that tracks more than 80% of total market caps. Showing this one on linear scale on the left-hand axis, just so you can see how it typically scales.

Stocks. With Dividends.

If you reinvest those dividends into the same stock market, you'll earn more. The all-time compound annual growth increases by 2% higher to 9.3% per year for the S&P. Also displaying this one on linear scale.

Bonds.

Bonds are supposedly safer than stocks (bondholders get paid back first), and more cash flowing. If you look at the longest running bond index in the US, it grows at 7.1% per year, compounded. Notice how, in a rising interest rate environment (which we are at the moment), bonds will suffer, if viewing the price (or index, as in this case, using the Bloomberg Aggregate Bond Index). This has kept the bond market returns at the lower end of the range, since the global financial crisis in 2008.

Base Money.

As we've discussed, base money grows across the world at a weighted average of 12.7% compounded per year. However, this trendline analysis looks at it differently than my headline figure. It simply looks at the USD value of the global monetary base (again, $27.0 trillion), and draws an exponential trendline on that USD equivalent growth for 50+ years. In other words, this is going to be after all currency fluctuations have played themselves out.

Do you think the growth rate here will be higher or lower? Actually, it is lower, at 10.3% per year. But there is a big asterisk here, in that the series is not consistent across time. I typically just display it for visual effect. As more and more central bank balance sheets were added to this analysis across the 1970s and 1980s, it is not technically rigorous to run an exponential trendline analysis across these totals. Better to use my headline figure of 12.7% CAGR. Again, the 12.7% figure is rigorously calculated, measuring the native growth rate of each monetary base across every month recorded, then weighting that across every other monetary base in that monthly basket, then averaging all months for an all-time figure, and then raising that all-time monthly weighted average to the power of 12.

What is interesting, however, is that the 10.3% derived CAGR using the exponential regression below is lower than my native headline figure of 12.7% . Remember, the 10.3% exponential regression does not account for all the new money supplies coming in during the 1970s and 1980s (which should push the regression slope higher as new supplies are added), and it is after all currency fluctuations have been factored in, to arrive at a USD equivalent. The lower 10.3% CAGR can only mean that central bank balance sheets actually lose value against the US-dollar faster than they can print!

Note, I am showing this one in linear scale. The trendline projects out to $83 trillion by December 2033. The current global supply of base money ($27 trillion) is about $6.5 trillion less than the current trendline ($33.5 trillion).

Silver.

This is total ounces ever mined. They trend upward at 1.4% per year.

Gold.

This is total ounces ever mined. Gold trends upward at 1.7% per year. Faster than silver. Surprised? Notice the R-squared (goodness of fit) for both silver and gold production increase.

Bitcoin.

Bitcoins grow according to a basic logarithmic curve. Trying to draw percentiles is pointless here, and even measuring a trendline is relatively pointless, as everyone knows the bitcoins prescribed into the future, per the protocol. Better to just quote the trailing 12-month growth figure, and it is 1.5% per year and falling, as of quarter end Sep-2024. Less than gold.

Silver price.

Since 1971 it's trended at 3.4% per year. Silver bug?

Gold price.

Since 1971 it's trended at 5.1% per year. Gold bug?

Bitcoin price.

Now, we have finally arrived at something that grows differently than exponential. As I've observed since 2018, Bitcoin grows according to a power trend. Did you notice that the prior exponential trends displayed themselves as straight lines on log scale? Well, with Bitcoin, the power trendline gradually falls across time, but the growth is still well larger than anything we've covered thus far.

Why? It's being adopted, of course.

Bitcoin's power trendline has grown 167% per year since Bitcoin Pizza Day in 2010. Note that this is something akin to a "Lifetime Achievement" figure, and it will continue to fall every day. Over the prior 12 months ending 30 September 2024, Bitcoin grew 134.6% over the year. Well higher now at $100k. The compound growth of the power trend today is 44% per year. By 2030 it will fall to "only" 36% per year.

Oh yes, and it is free (as in speech), open, and permissionless money.

To summarize.

That was a lot of data across a lot of charts. I've compiled it all in a helpful table here for you to review at any time. This is the monetary and major asset world at third quarter end, 2024:

Base money concluded

The following table gives you a complete summary of the fiat currencies, gold, silver, and Bitcoin figures used in this analysis, for this quarter. Please print it out if you like, it is meant to be a helpful, in-depth companion when fiat friends come asking.

Thank you for reading! If you enjoyed, please consider zapping, and you can also donate to my BTCPay on my website if you'd like to help keep this research going.

@ b4403b24:83542d4e

originally posted at https://stacker.news/items/795722

@ c67cd3e1:84098345

@ 349d6b82:12b2a5b1

В кинотеатре "Родина"__ пройдет показ __отечественного фильма "Зимняя мечта" 16 декабря, приуроченный к празднику "День Киноискусства", который отмечает достижения российских кинематографистов. Этот праздник был учрежден в честь выдающегося режиссера Александра Невзорова, известного своими глубокими и эмоциональными фильмами: "Ад" (1995), "Лошадь распятая и воскресшая" (2008), "Записки отельера Гельвеция" (2020).

Сюжет нового фильма Александра Невзорова рассказывает историю о том, как группа друзей, переживших утрату, отправляется в зимний поход в горы, чтобы восстановить свои отношения и найти смысл жизни. На фоне снежных пейзажей они сталкиваются с внутренними демонами и находят поддержку друг в друге, открывая новые горизонты для своих жизней. Фильм сочетает элементы драмы и комедии, подчеркивая важность дружбы и поддержки в трудные времена.

В рамках праздника "День Киноискусства" будут организованы мероприятия, в котором Александр Невзоров проведет обсуждение своего нового фильма и ответит на вопросы зрителей. А участники смогут поучаствовать в мастер-классах по сценарному мастерству и режиссуре. И будет представлена выставка фотографий и реквизита из предыдущих работ Невзорова.

Александр Невзоров прокомментировал: "Я рад, что "Зимняя мечта" будет показана в Серове в рамках "Дня Киноискусства". Это событие не только подчеркивает важность отечественного кино, но и создает пространство для обсуждения глубоких тем, которые затрагивает мой фильм. Мы живем в эпоху, когда искусство должно __вызывать вопросы, провоцировать на размышления и, возможно, даже идти наперекор устоявшемся представлениям.__ Я надеюсь, что зрители смогут не просто увидеть историю, но и ощутить ее эмоциональную глубину. __Искусство__ — это не только развлечение, но и возможность для диалога о том, что действительно важно".

Это культурное событие - возможность для зрителей погрузиться в мир киноискусства, оценить достижения отечественного кинематографа и отметить вклад Александра Невзорова в развитие этой сферы.

@ 4870d550:110d6208

From Trey Walsh, Executive Director of The Progressive Bitcoiner

As most of you know by now, either by personally holding it or seeing it in the news, Bitcoin recently crossed the much anticipated threshold of $100,000 per coin. While this is an incredible feat and shows the obvious interest and resilience of this 16 year old technology and network, particularly when cycle after cycle those in media say Bitcoin is dead or useless, this is just one small part of Bitcoin’s incredible story, use case, and reason for existing really.

As many of us advocating for Bitcoin say, Bitcoin is Freedom Go Up.

Bitcoin’s trojan horse is its price movement via supply and demand mechanisms. Because there will only ever be 21 million bitcoins, this brings scarcity and a deflationary design to Bitcoin, which plays a huge part in its price movements and value. One of the things that clicked early on for me, particularly after hearing from human rights activists like Alex Gladstein, Farida Nabourema, and early bitcoin educators like Andreas Antonopoulos, is that one thing we can rely on in this world, that is often seen as a negative (particularly from folks on the left like myself), is greed and self-interest. Even those that come to Bitcoin with purely greed and self-interest at heart help to benefit the network, protocol, and growth of this Bitcoin movement and protocol which empowers individuals. I’ll provide a couple of examples.

I’m not suggesting all bitcoin miners are filled with purely greed and self-interest. But even if they are…hear me out. Bitcoin mining is a tricky and competitive business, and each 4 year cycle sees a further crunch on the economics of those looking to mine bitcoin as the bitcoin subsidy/reward (new bitcoins “minted” if you will) gets cut in half (currently at 3.125 bitcoins every 10 min roughly). So Bitcoin miners are constantly searching for the cheapest electricity and most efficient ways to run their operations. Here are ways bitcoin miners bring about incredible societal benefits:

Renewable Energy — More and more the cheapest forms of electricity are found in renewable energy sources due to technological advancements and the ability for bitcoin miners to be location and time agnostic. Bitcoin miners also take advantage of the excess energy often created by renewables (at off peak times when the energy is literally being wasted). Bitcoin miners also help contribute to expanding renewable energy projects. For example, Gridless builds renewable energy mini-grids in rural Africa and uses Bitcoin mining to monetize excess electricity, making the projects financially sustainable. The Bitcoin mining provides a steady demand for power, creating profits that subsidize infrastructure costs and lower electricity prices for local communities

Grid Stabilization — Bitcoin miners are uniquely suited to respond to grid conditions because they can quickly adjust their energy consumption. This flexibility can help stabilize grids during periods of high demand or low supply and reduce the need for fossil-fuel-powered peaker plants, which are often used during energy demand spikes. Miners like Riot Platforms also participate in demand response programs, temporarily reducing their energy use when grid demand is high, supporting overall grid reliability.

There are endless examples of the benefits bitcoin mining can bring to society, communities, renewable energy expansion in our battle against climate change, and more. I’d encourage you all to follow the work of Daniel Batten, Margot Paez, Troy Cross, and Elliot David to learn more about bitcoin mining and the environment.

As an open, permissionless, decentralized network that anyone can participate in, Bitcoin is an empowering tool for every individual on the planet regardless of your location, economic status, age, gender, religion, and on and on. It is the ultimate tool for financial inclusion, and those seeking to hold a money/asset that cannot be debased by governments, nor confiscated by bad actors (if it is held in self-custody- not your keys, not your bitcoin!)

In fact, even dictators like Vladimir Putin know that Bitcoin cannot be stopped by anyone, including himself. Just last week, he had this to say about Bitcoin:

Via our podcast we’ve had numerous conversations about Bitcoin for human rights with activists, nonprofits, philosophers, and beyond which we encourage you to check out. Quite literally almost every episode we’ve done includes a component of this because we know how important and critical this is to Bitcoin’s story and purpose.

The examples of empowerment and human rights are endless, including as a way to preserve wealth under hyperinflation and fight government chokeholds in places like Venezuela, Nigeria, and Afghanistan, fund movements and protests that have faced challenges due to de-banking under the traditional financial system including in Hong Kong and even Canada with the trucker protests, and further enable donations to hard to reach parts of the world in a frictionless way like what the Human Rights Foundation does to get funding to developers, projects and activists around the world.

So remember, particularly for our U.S. based audience, the next time you see Bitcoin in the news mostly dominated by narratives about the rich getting richer on wall street, President Trump and politics, a bitcoin strategic reserve for the U.S. government, or politicians railing against Bitcoin as useless and just for criminals…there is another side to all of this, the global picture of Bitcoin as a tool for human rights, everyday people, building a brighter, more hopeful future that empowers individuals and communities.

Still don’t believe me? Well here’s a hopeful message from Bitcoin advocate and Progressive Congressman form California Ro Khanna at The Bitcoin Conference this past summer in Nashville.

Originally published at https://progressivebitcoiner.substack.com.

@ c67cd3e1:84098345

@ 000002de:c05780a7

I think we may have some Russians on SN. I am curious what are your thoughts and your feel of the Russian populace thoughts on Yeltsen today.

I think its pretty widely accepted that he was a drunk and a puppet for the US. There's even this Time mag cover with him on it.

It has been suggested that Putin was also a choice supported by the US foreign establishment. Or at least by proxy due to his appointment by Yeltsen.

I'm fascinated by the cascading consequences of "world leaders" interfering with other nation's affairs. These clowns seem to not care and have no concern for the impacts of their actions. They are a special sort of crowd. The egos!

originally posted at https://stacker.news/items/795119

@ 349d6b82:12b2a5b1

10 декабря состоялась акция, организованная социальной компанией "Доброе сердце", приуроченная к празднику "День благодарности". Этот новый праздник был учрежден для того, чтобы выразить признательность ветеранам за их мужество и жертвы, принесенные ради мира и свободы.

В этот день волонтеры компании "Сердце ветерана" посетили ветерана, Генерала Майора Александра Ивановича Птицына, который отметил свой 95-й день рождения. Акция началась с теплых слов благодарности и поздравлений. Волонтеры вручили Александру Ивановичу большой подарок — корзину с продуктами, в которую вошли его любимые угощения: домашние пироги, конфеты и фрукты.

Александр Иванович в молодости. 25 лет. 1974 год.

Волонтеры подготовили небольшую концертную программу. Они исполнили несколько известных военных песен, среди которых были "День Победы" и "Тёмная ночь". Песни трогали сердца присутствующих, создавая атмосферу уважения и памяти о героических подвигах.

Акция стала частью более широкой программы "Забота о ветеранах", реализуемой компанией "Сердце ветерана". За последние два года в рамках этой программы было организовано более 50 мероприятий, направленных на поддержку ветеранов и их семей.

"Я хочу выразить искреннюю благодарность всем, кто пришел сегодня поздравить меня и других ветеранов. Это очень трогательно, когда молодое поколение помнит о нас и о том, что мы сделали для нашей страны. Я надеюсь, что такие мероприятия будут проходить чаще, чтобы молодое поколение знало о нашей истории и ценило мирное небо над головой. Еще раз спасибо всем вам за внимание и заботу. Это очень важно для нас! И спасибо большое за подарки" - проговорил Александр Иванович.

Такое внимание к ветеранам поддерживает их физическое состояние и создает чувство значимости и признательности со стороны общества.

@ 30ceb64e:7f08bdf5

Hey Freaks,

I've been diving deep into the Nostr music scene lately, and I've got to tell you - it's pretty mind-blowing. After finding a few solid artists on Wavlake, I made the leap and ditched Apple Music. Music streaming platforms call your saved songs a "library," but its more like renting books that vanish the moment you stop paying.

Breaking Free from Traditional Streaming

What really got me excited was listening to the Wavlake team explain their vision of an open music graph. Being open-source, they're moving at a solid pace that leaves the big platforms in the dust. It's refreshing to see development that actually puts creators and listeners first.

Why and How

Before all this nostr stuff I was making beat tapes on YouTube. It all started pretty simply - I was spending hours listening to those 24/7 study/work beats while grinding away at my fiat job. One day I thought, "Hey, why not make my own?" Now I'm using some new shiny tools:

• Suno for creating the actual beats
• Some talented folks on Fiverr handling the mixing and mastering
• The Nostr community and even LLMs for graphic design work

So far, I've dropped 12 tapes on Wavlake with more coming down the pipeline.

Taking It Live

I've been experimenting with Zap.stream to do live sessions of my beats. It's pretty cool thinking about people tuning in while they're working or doing their thing around the house - exactly what I used to do! The best part? The streams arent just shown on zap.stream, theyre shown in any nostr client that supports live videos, which is wild.

I'm playing around with this idea of creating a music radio show, mixing my beats with other stuff from Wavlake and TheMusicHustle blog, while trying to keep it as Nostr-native as possible.

Ideas for the Future

• Music videos and shorts for the beats
• Using these tracks as podcast backgrounds
• Pressing some vinyl to sell on Shopstr (old school meets new school!)
• Loading up Blossom drives for the freaks who want to download and zap

I've been sharing stuff on Stacker News as well, running this series called "Songs I like", and will continue posting in the SN music territory for as long as theyll have me. Wavlake has a "Listen to Earn" feature. I tried promoting one of my favorites from Animal Bus. Not sure about the results, but I think people are sleeping on how powerful this feature could be.

The Future is Wild

The whole Nostr music scene is just exploding with possibilities. I'm even thinking about feeding these beats into RSS through Fountain - they're doing some really interesting stuff with music features lately, like Featrued Artist spotlights and whatnot. And how crazy is it that we've got Nostr-only music labels popping up now?

Looking at the bigger picture, I'm incredibly bullish on what's happening here. Just like technology gave us rap and hip-hop, I can't wait to see what kinds of new sounds and genres might emerge from the Nostr and Bitcoin revolution. We're watching music history in the making, and I'm here for all of it.

Sure, we don't know exactly where this train is headed, but that's what makes it exciting. The tools are getting better, the community is growing, and the possibilities? are endless. This is our chance to be part of something huge in music, and I'm all in.

Thanks for reading, Keep stacking sats and tracks, freaks! 🎵⚡ Hustle

https://wavlake.com/thewildhustle

originally posted at https://stacker.news/items/794875

@ 26838110:80edc65d

Using Nostr as a Blog through Npub.pro

Now that X.com is closed and cannot be freely accessed without account anymore, creators and companies need a new way to broadcast updates and gather feedback from users.

Our Needs

We had first two major requirements. The first one was to have a way to publish updates and have the possibility for anyone to reply to them.

The second major requirement was to have these posts available online and indexable by search engines.

Nostr

After trying Warpcast and looking into Threads, Mastodon and Bluesky, we chose Nostr to chronicle the development of the world and game of Dragonbane Creation.

Nostr is perfect for our needs for serveral reasons:

1. Posts are publicly accessible and available in a variety of clients.

2. Posts are not linked to a single platform and they cannot be boosted or deboosted.

3. Posts can be easily read and written programmatically.

4. Once Nostr is more widespread, it also means that posts can be indexed by search engines and can count as multiple SEO links (one for each indexed client).

Npub.pro

Having notes is only one part of the equation to have a blog based on Nostr. The second part I discovered relatively quickly after I started posting on Nostr. Npub.pro is a way to create a free website to display notes and have them available as standalone pages with a comment section in a customizable theme.

What I love about Npub.pro are how easy it is to customize the blog and the ability to self-host.

After setting up our blog, I also tried recreating a basic version on the main Dragonbane Creation website as I already had the code to interact with Nostr in Javascript. However, I decided to keep using Npub.pro in order to avoid having to maintain the code for a blog and as it fulfills all of our needs and to self host it.

The downsides of using Npub.pro are that it is extremely slow to load, even when self-hosting and using a good CDN. It also lacks important customization options such as a way to disable comments and zapping.

If you want to set up your own, you can do it here:

https://npub.pro/#themes-onboarding

If you want to see how our blog looks like:

https://blog.dragonbanecreation.com

grownostr #npubpro

@ b6dcdddf:dfee5ee7

https://x.com/geyserfund/status/1864360574642950585

Passionate about driving grassroots Bitcoin adoption? Join the mission and help defend it—become a Geyser Guardian!

Which Guardian will you be?

originally posted at https://stacker.news/items/794832

@ 5d4b6c8d:8a1c1ee3

We're off to the Knockout Round, with nearly our full party intact. For the third round in a row, nobody missed a pick. (You'd think with the league being so predictable, I would be doing better betting on it.)

There are only eight teams remaining and each round that will be cut in half.

Rebuys are also no longer in play. Just like the remaining teams, it's single elimination for us going forward.

Here are the eight teams remaining and who already used them. - OKC: nobody - Dallas: me, @supercyclone, @realBitcoinDog, @gnilma - Rockets: me, @grayruby, @siggy47, @gnilma - Warriors: @realBitcoinDog - Bucks: nobody - Magic: me, @supercyclone, @grayruby, @realBitcoinDog, @Carresan, @gnilma - Knicks: @Carresan, @gnilma - Hawks: me, @grayruby, @siggy47

I got extremely lucky that none of my remaining teams are playing each other. That gives me exactly one path per initial matchup.

How are you guys feeling about your remaining options?

Prize: 60k!

originally posted at https://stacker.news/items/794823

@ 17e4a445:a7195f55

Actually, we were just looking for ways to make an investment.

I had no idea about money and finances. However, any supposed Investment seemed to be more ballast than help.

"There also is this Bitcoin thing.“

Were my husband’s words, that changed our lives from that moment on.

Unknowingly, I stepped into the rabbit hole.

It was immediately clear that Bitcoin is the best investment, but that was quickly no longer the point.

It was about opening my eyes and understanding.

Understanding what?

In my naivety, at the beginning, I thought:

"You have to tell the media, so that everyone benefits from Bitcoin."

But the media was busy with reports about the coronavirus. The media doesn't want to know anything about Bitcoin, even worse, they report wrong about it.

But it's not that hard to understand.

I had to open my eyes and learn that they don’t want to understand.

Why?

I then thought, I have to tell the politicians.

I had to open my eyes.

Why don't they want to understand Bitcoin? Why are they locking me up just because I won’t get vaccinated? Why do they want to continue to accept inflation when there is now a solution for it?

Why?

I thought i have to tell the central bank, and I had to open my eyes, the central bank doesn't want to know anything about Bitcoin.

They are busy keeping the inflation numbers under control. Why do prices seem to be gone up much higher than the ECB says?

That's not 2%.

Why is it that always the same people benefit and the same people lose?

Why?

I thought I'd at least tell my family and friends. But my family and friends find the topic boring. They don't want to know the answers to the questions.

"You can't do anything about it and money doesn't matter."

My objection: "But the euro is not good money.", was not a convincing argument for them.

For the time being, we were left alone looking for the answers to more and more upcoming questions .

What is fractional reserve banking?

What is a "Doppelwumms"?

What is a „specialfund”?

What is compound interest?

What is hard money?

What is Giralgeld?

Why is cash king?

Who decides whether new money is made?

Who gives the decision maker the authority to decide?

Why is the will of the population undermined?

Why do we have to take inflation for granted?

What is Fiat Money?

Why does everyone want me to get vaccinated?

Why is most of the world's wealth distributed among only 1% of humanity?

Why is everything so unfair?

Opening your eyes hurts, it hurts physically and mentally. Seeing the suffering is devastating. You feel misunderstood and marginalized.

"Maybe it's not all that bad, and I lost myself."

I might have come to terms with that if it weren't for so many Bitcoiners that I got to know along the way.

They understand me.

So many smart people can't all be wrong.

I had to open my eyes and understand that everything was intended as it is.

Wanted by whom?

Wanted by elites?

Wanted by military powers?

Wanted by the defense industry?

My neighbors sure don't want it. What do I want anyway?

I had to open my eyes and understand that Bitcoin can help me and fixes so much, but that even Bitcoin does not answer all my questions satisfactorily. And although I can detach myself from the system with Bitcoin, the pain did not go away. More and more questions came up and frustration arose. This is all too unfair and I just couldn't understand why these people can't be stopped even though we are 99% against 1%.

How can that be?

Manipulation?

Propaganda?

False promises?

Economic cycle for economic cycle boom and bust and nothing learned?

Why?

Is everyone below this 1% so unscrupulous? Are they all such big egoists?

Why do they all seem so evil, even though they could also do good?

Do I believe in evil now?

What is „bad”?

It is easy to recognize evil, it is the eyes and the actions.

You feel the dislike in your stomach.

But I was not spiritual and I could not grasp the evil.

The frustration got worse the more questions I answered.

"You have Bitcoin, you no longer have to care about all that anymore."

This sentence no longer had the calming effect on me.

Again and again I came up with answers that shook me.

"That's just diabolical"

Was the sentence that kept going through my head.

I felt clueless, do I believe in the devil? It must exist, because what is happening around us is inhumane.

The eyes and the deeds.

I couldn't find any more answers.

Should I have never opened my eyes? Isn't every Bitcoiner left with that question sooner or later?

No, there is no turning back.

I opened my eyes and allowed myself to trust my feeling.

It's from the devil.

Who is the devil?

Why does he want evil?

If there is a devil, is there a God?

Is there a battle between good and evil?

If there is a God, why does he allow everything to be so unfair?

I looked for answers to these questions in the Bible.

I realized that the Bible consists of individual writings that contain the history of our origin to the course of our downfall.

Page by page, distributed and copied thousands of times, no longer modifiable. It contains the code for living according to rules for a fair community, which everyone must voluntarily agree to. Fair compliance with these rules is rewarded. The Bible does not exclude anyone and is accessible to everyone. It calls on you to take responsibility for yourself and to act in love and peace.

Only a God could produce such a scripture.

So much good and yet everywhere the explanation of why people turn to evil.

Page by page the answers to why the world we live in is what it is.

Bitcoin opened my eyes.

Jesus made me see. 832549

@ 5d4b6c8d:8a1c1ee3

They finally put up some NFL games at freebitcoin.

This isn't an RBOA post, because I decided that I would just bet on who I'm rooting for when it comes to sports I follow.

Here are my picks this week: - Lions - Raiders - Seahawks - Dolphins - Vikings - Chargers - Bills - Steelers

originally posted at https://stacker.news/items/794304

@ 2063cd79:57bd1320

Der dieswöchige Aufhänger ist die Nachricht über die Schließung der Kryptowährungsbörse Bitzlato. Obwohl sich die groß angekündigte Offensive des US-Justizministerium als mindestens genauso große Luftnummer erwies (vor der Nachricht hat wirklich niemand jemals von Bitzlato gehört), hat die Nachricht doch wieder den Stimmen Gehör verschafft, die seit jeher nach mehr Regulierung von Kryptowährungen, Börsen und Dienstleistern rufen.

https://bitcoinmagazine.com/legal/doj-shuts-down-bitzlato-crypto-exchange

Besonders in den USA herrscht eine andauernde Diskussion darüber, wie Bitcoin und andere Kryptowährungen eingestuft werden sollen, damit anschließend die Gerichtsbarkeit, bzw. die Kompetenzen verteilt werden können. Im Prinzip gibt es dabei nur zwei Ansichten: Die eine Gruppe hält Bitcoin für ein Wertpapier (Security), die andere hält Bitcoin für eine Ware oder einen Rohstoff (Commodity). Wir wollen uns diese Woche anschauen, was den Unterschied ausmacht und was die Implikationen für Bitcoin wären, wenn man es als das eine oder das andere klassifiziert, und was es darüber hinaus für die Zuständigkeit diverser Behörden und Regierungseinheiten bedeutet.

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Die Gretchenfrage bei der Regulatorik von Bitcoin ist relativ schnell erklärt. Es wird darüber gestritten, ob Bitcoin als Wertpapier (Security) oder als Rohstoff / Ware (Commodity) eingestuft werden soll. Dies ist insofern wichtig, als dass die Kategorisierung darüber entscheidet, welche Aufsichtsbehörde mit ihren Regeln aktiv werden kann / muss. In der anhaltenden Diskussion über das Thema wird verallgemeinernd meist über die Einordnung von Kryptowährungen gesprochen, und damit Bitcoin als eine von vielen Kryptowährungen mit einbezogen (Bitcoin ist keine Kryptowährung - das wird dieser Artikel aufzeigen), jedoch wollen wir der Einfachheit halber zunächst die Diskussion auf der breiter gefassten Ebene führen. Zunächst lohnt es sich zu schauen, was Wertpapiere und Rohstoffe / Waren unterscheidet.

Wertpapiere (Securities)

Zunächst mal muss man sagen, dass eine genaue Unterscheidung der beiden Anlageklassen in allen Fällen - nicht nur bei Kryptowährungen - oft schwierig ist. Vor allem in der heutigen Zeit ist es nicht mehr so einfach schwarz und weiß zu unterscheiden, da es für alles, was sich in irgendeiner Form handeln lässt, auch Derivate gibt. Früher sagte man vereinfacht, dass Wertpapiere zum Investieren und Rohstoffe zum Handeln sind, aber dass dies nicht richtig ist und in beide Richtungen entkräftet werden kann, sollte so ziemlich jeder auch weit gegen den Wind riechen können.

Prinzipiell handelt es sich bei einem Wertpapier um ein Finanzinstrument, dessen Ausgestaltung typischerweise von der Gerichtsbarkeit abhängt, in der die Vermögenswerte gehandelt werden. In den USA und Europa gelten im Großen und Ganzen alle frei gehandelten Vermögenswerte als Wertpapiere und werden in drei Hauptkategorien unterschieden: Beteiligungspapiere (Equity) – einschließlich Aktien, Schuldverschreibungen (Debt) – z.B. Anleihen und Banknoten und Derivate – zu gehören Optionen und Futures (👇). Anders als Rohstoffe sind Wertpapiere anders und meist strenger reguliert. In den USA ist für die Regulierung die SEC (U.S. Securities and Exchange Commission) und in Europa die ESMA (Europäische Wertpapier- und Marktaufsichtsbehörde), bzw. in Deutschland die BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) zuständig ist.

Rohstoffe (Commodities)

Traditionelle Beispiele für Rohstoffe sind Getreide, Fleisch, Gold, Öl oder Erdgas, also die drei großen Kategorien Landwirtschaftliche Produkte, Edelmetalle und Energie. In der heutigen Zeit werden diese Waren weltweit gehandelt und eine Warenbörse, wie die CME (Chicago Mercantile Exchange) in den USA, handelt sowohl mit physischen Waren, als auch mit Warenkontrakten und damit verbundenen Anlageprodukten. Wie aus meinem Artikel über Bitcoin-Hashprice Forwards bekannt, gibt es zwei gängige Formen von Warenkontraken: Futures und Forwards.

https://www.genexyz.org/post/18-block-761575-bitcoin-hashprice-forward-ks72ec/

💡Futures sind eine Form von Derivaten, die Parteien verpflichten, einen Vermögenswert zu einem vorher festgelegten zukünftigen Datum und Preis zu handeln. Hier muss der Käufer den Basiswert zum festgelegten Preis kaufen oder dem Verkäufer verkaufen, unabhängig vom aktuellen Marktpreis zum festgelegten Zeitpunkt der Abwicklung.

Forwards hingegen stellen eine ähnliche Form von Terminkontrakten dar, die auch einen zukünftigen Preis zu einem zukünftigen Datum festlegen, nur dass Forwards außerbörslich (OTC) gehandelt werden. Hinzu kommt, dass Forwards anpassbare Bedingungen haben, die zwischen den Parteien und dem Händler individuell vereinbart werden. Forwards sind im Gegensatz zu Futures nicht standardisiert.

Wie nun ersichtlich ist, muss eine Grenze zwischen dem direkten Handel mit Rohstoffen und dem Handel mit Rohstoff-gebundenen Titeln (digitale Rohstoffe) einerseits und Finanzprodukten ohne Bezug zu Rohstoffen andererseits gezogen werden, denn für den Rohstoffhandel sieht sich in den USA die CFTC (U.S. Commodity Futures Trading Commission) zuständig, die Futures- und Optionsmärkte reguliert, die dem Commodity Exchange Act unterliegen.

Die Kategorie der digitalen Rohstoffe ist relativ neu. Derzeit überwacht die CFTC die Regulierung für Derivate von Rohstoffen zusätzlich zu dem zugrunde liegenden Rohstoff selbst.

Wie also unterscheidet man, ob es sich bei einem Finanzprodukt, oder in unserem Fall einer Kryptowährung, um ein Wertpapier, oder um einen Rohstoff / eine Ware handelt?

Zunächst ist festzustellen, dass man nicht die gesamte "Anlageklasse" der Kryptowährungen als entweder oder einstufen kann. Wie bei allen Finanzprodukten muss im Einzelfall entschieden werden und das jeweilige Produkt im Einzelnen betrachtet werden. Es gibt kein "Krypto" oder "Kryptowährungen", sondern viele tausende Produkte, die sich grob einer Produktkategorie zuordnen lassen.

Der Howey Test

In den USA unterscheidet man zwischen Securities und Commodities mit Hilfe des Howey Tests. Der Test basiert auf einem Verfahren der SEC gegen W.J. Howey, bei dem zu einem Urteil kam, das diesen vierstufigen Test zum ersten Mal definierte. Seitdem wird die Klassifizierung von Investitionsobjekten durch die SEC, aber auch die CFTC und andere amerikanische Behörden anhand dieses Tests durchgeführt. Erfüllt ein Investitionsobjekt alle vier genannten Kriterien, handelt es sich dabei zweifelsfrei um Wertpapiere und unterliegt somit der Gerichtsbarkeit der SEC. Gemäß dem Urteil lautet der Test wie folgt:

• An investment of money
• In a common enterprise
• With the expectation of profit
• To be derived from the efforts of others

Auf deutsch bedeutet dies einfach, ob 1) eine Geldanlage 2) in einem gemeinschaftlichen Unternehmen, 3) mit einer Gewinnerwartung stattfindet und 4), ob diese Gewinne von den Bemühungen Dritter abhängen.

Anlageobjekte, wie Tokens, Coins, Assets, Cryptos, NFTs, Contracts, etc. bei denen diese vier Fragen alle im Positiven, also mit einem „Ja“, beantwortet werden können, werden als Wertpapier eingestuft und unterliegen damit den Regeln der SEC. Somit müssen Verantwortlichen, Initiatoren oder Geschäftsführer dieser Projekte die gleichen Genehmigungen einholen und Regeln befolgen, wie alle anderen registrierten Wertpapiere / Anbieter.

Anwendung auf Kryptowährungen

Wie schon erwähnt, kann man die Regeln nicht einfach anwenden, denn es gibt natürlich bei jedem Projekt, jeder Währung, jedem Coin viele Faktoren, die eine Rolle bei der Interpretation des Tests spielen. Bei den tausenden existierenden Projekten sind Bandbreite und Spektrum groß, was auch viel Raum für Interpretation offen hält. Bei der Einordnung jeder einzelnen Kryptowährung muss man also die Testfragen im Einzelfall auswerten und anwenden und somit sehen, wo man auf dem Spektrum landet. Regulatorisch gesehen am weitesten weg von Wertpapieren sind alle Kryptowährungen, die mit Hilfe von einem dezentralisierten Mining-Protokoll auf einer funktionierenden dezentralen Blockchain laufen. Das Mining ist ein wichtiger Aspekt, da Miner für ihre Arbeit / Investition von Ressourcen entlohnt werden, und damit nicht, wie Investoren bei ICOs oder anderen Verkaufsrunden, oder sogar bei Airdrops, von vorab produzierten Coins profitieren. Bei der Unterscheidung von Coins und Tokens müssen Coins im Einzelfall bewertet werden, wohingegen Tokens oft der Definition des Netzwerks oder Protokolls unterliegen, auf welchem sie beheimatet sind. Wenn ein Projekt dezentralisiert ist, ist es viel weniger wahrscheinlich als Wertpapier eingeordnet zu werden, da argumentiert werden kann, dass es sich bei dem Projekt nicht um ein gemeinschaftliches Unternehmen handelt.

Hier muss man natürlich auch wieder differenzieren, da viele Projekte sogenannte DINOs darstellen. Also Decentralized In Name Only sind, was oft auf einer geschickten Vermarktung des Produkts / Protokolls / Netzwerks basiert. Wenn also ein Protokoll / eine Blockchain ohne weiteres angehalten, neugestartet oder zentral gepatched (ich schaue dich an, Solana), oder gar zurückgedreht werden kann (du bist gemeint Ethereum), muss es einen Entscheidungsträger oder zumindest ein kleines Entscheidungsgremium geben, das als gemeinschaftliches Unternehmen gelten kann (sollte!).

Die Gewinnerwartung ist genauso auslegbar. Als einfaches Beispiel lässt sich hier Dogecoin heranziehen. Die Geschichte von DOGE ist tatsächlich sehr sehr unterhaltsam und einen kleinen Ausflug in die Abgründe des Internets wert, aber nicht jetzt. Kurz gesagt ist DOGE ein Meme-Token, geboren als Parodie auf Kryptowährungen und niemals als wirkliches Investitionsobjekt gedacht. Die ersten Käufer von DOGE hatten keine Gewinnerwartung, sondern wollten Teil einer Community von "Insidern" sein, einer Gruppe, die den Hunde-Witz versteht. Das Wachstum kann als organisch beschrieben werden, da es DOGE viele Jahre gab, bevor es zu dem wurde, was dann 2021 in dem kulminierte, was jeder kennt. Worauf ich hinaus möchte, ist dass es keine gemeinschaftliche Unternehmung gab, die dem Wert von DOGE zuträglich gewesen wäre und "Investoren" (sprich Internet-Kiddos und Meme-Trottel) nie eine wirkliche Gewinnerwartung hatten.

Einordnung von Bitcoin

https://x.com/Satsback/status/1617902548870127617

Das führt uns zu unserem geliebten allseits verehrten Freund, dem Rohstoff (oh nein, Spoiler-Alert) mit dem orangenen B-Logo. Wir wissen jetzt, dass die Anwendung des Howey-Tests einer im Einzelfall auszulegenden Beurteilung der vier Fragen bedarf. Dies ist nicht anders bei Bitcoin. Zu diesem Thema haben sich zum Glück schon viele prominente Personen geäußert, weshalb ich einige Interpretationen hier auslegen möchte:

https://www.cftc.gov/PressRoom/PressReleases/7231-15

Rostin Benham, der Vorsitzende der CFTC (☝️), stellte z.B. richtig fest, dass Kryptowährungen, je nach Ausgestaltung entweder als Commodity oder als Security klassifiziert werden können (ja Junge, wissen wir doch schon!). Darüber hinaus sagte er, dass er und seine Kollegen sich sicher wären, dass sowohl Bitcoin als auch Ethereum als Rohstoff einzuordnen sind, während andere Token vielmehr Wertpapiere darstellen.

Da der CFTC-Chef sowohl Bitcoin als auch Ethereum nicht als Wertpapier einstufen will, kann der Howey-Test eigentlich nicht für diese Entscheidung herangezogen worden sein. Denn wir haben ja schon gesehen, dass Ethereum am Test scheitert und sich somit recht leicht als Wertpapier einordnen lässt.

https://archive.ph/9vNAW

Auch die Vorsitzenden des Senatsausschusses der USA haben bereits Gesetze vorgeschlagen, die die Aufsicht über Bitcoin und Ethereum der Bundesbehörde CFTC übertragen würden, und somit Bitcoin als Rohstoff klassifizieren. Warum Bitcoin und Ethereum immer zusammen genannt werden und von anderen Währungen abgegrenzt werden, entzieht sich mir, aber immerhin schaffen diese geriatrischen Papageien die geistige Akrobatik zwischen verschiedenen Kryptowährungen zu differenzieren.

https://bitcoinmagazine.com/business/heres-whats-in-senator-lummis-bitcoin-bill

Auch US-Senator Lummis erklärte, dass Bitcoin, gegenüber jedem anderen Krypto-Vermögenswert, vollständig dezentralisiert ist und dass die Person oder die Gruppe (Satoshi) keine vorab erzielten Gewinne generieren. Im Gegensatz zu allen anderen Kryptowährungen, die von zentralisierten Personen oder Gruppen gesteuert sind und oft riesige Gewinne generiert haben. Cynthia versteht sogar den Unterschied in der Natur von Bitcoin und Ethereum.

Lummis Gesetzentwurf soll weiterhin ausschließen, dass Wertpapiere gleichzeitig als digitale Rohstoffe bezeichnet werden. Damit würden alle als Wertpapier gekennzeichneten Kryptowährungen in die Zuständigkeit der SEC fallen.

Auch SEC Oberhäuptling Gary Gansler, ehemaliger MIT-Professor für Blockchain-Technologie, digitale Währungen und Finanztechnologie, hält nur Bitcoin für eine Commodity und meint weiter auch, dass die meisten Kryptowährungsprojekte, die sich mit Wertpapieren befassen oder solchen ähneln, in den regulatorischen Zuständigkeitsbereich der SEC fallen sollten.

Während die meisten Kommentatoren die Einschätzung der oben genannten Repräsentanten unterstützen und somit deutlich wird, warum ein und für alle Male klar ist, warum Bitcoin und Kryptowährungen nicht das gleiche sind, gibt es einige Stimmen aus den USA, die meinen, dass die Einhaltung der geltenden CFTC-Vorschriften für viele Bitcoin-Startups zu kostspielig wäre, was dazu führen würde dass sich viele innovative US-Unternehmen gezwungen fühlen dürften, ihre Operationen ins Ausland zu verlagern.

https://decrypt.co/105693/sec-coinbase-lists-nine-crypto-tokens-securities

Bitcoin stellt also, im Gegensatz zu allen anderen Kryptowährungen, kein Wertpapier dar. Das macht Bitcoin einzigartig und deshalb kann man getrost sagen, dass Bitcoin keine Kryptowährung ist. Denn Bitcoin ist ein Rohstoff, der, wie alle anderen gehandelten Commodities, frei in der Natur vorkommt. Bitcoin ist ein digitaler synthetischer Rohstoff.

🫳🎤

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In diesem Sinne, 2... 1... Risiko!‌

@ 2063cd79:57bd1320

Meiner Meinung nach kann man in letzter Zeit eine deutliche Verlagerung bei der Benutzung bzw. dem Umgang mit Bitcoin feststellen. Vor einigen Jahren stand außer Frage, dass man zum Erwerb von Bitcoin auf Plattformen wie Binance, Coinbase oder Bitstamp gehandelt hat. Es gab ja auch kaum Alternativen. Der erste Wandel hat stattgefunden, als viele Nutzer//innen erkannt haben, dass Börsen keine gute Option bieten, um angesparte Bitcoin sicher zu verwahren. Viele Nutzer//innen haben daraufhin angefangen ihre Ersparnisse in Selbstverwahrung zu nehmen und/oder gänzlich auf Börsen zu verzichten und vermehrt auf Bitcoin-Only-Broker, wie Relai, Swan oder Pocket zu setzen.

Ein weiterer Trend lässt sich bei der Wahrnehmung von Privatsphäre feststellen. Während das Gros der Nutzer//innen früher weniger Wert auf non-KYC Lösungen gelegt und beim Kauf von Bitcoin bereitwillig persönliche Daten preisgegeben hat, machen sich mehr und mehr Menschen Gedanken darüber, wie sie schon den Erwerb von Bitcoin möglichst privat wie möglich gestalten, um zukünftigen Problemen aus dem Weg zu gehen. Denn wie wir ja wissen ist alles, was auf der Blockchain stattfindet, pseudonymisiert, aber keineswegs anonym.

Was bedeutet, dass wenn einmal eine Verbindung zu einer Adresse hergestellt ist, man z.B. nach einer Adresse suchen kann, um alle Transaktionen sowohl zu, als auch von dieser Adresse nachzuvollziehen. Das hat natürlich für viele ein gewisses "Geschmäckle". Doch ist der Erwerb von non-KYC Bitcoin (noch) nicht besonders nutzerfreundlich, mutet etwas zwielichtig an und birgt, gerade für viele nicht-so-Technologie-affinen Nutzer//innen, ein paar Stolpersteine. Oft erwerben auch viele ihre ersten bitcoins, weil sie auf schnellen Reichtum hoffen, einfach nur spekulieren wollen, oder von Freunden und Bekannten dazu überredet wurden und kümmern sich wenig um Privatsphäre, KYC vs. non-KYC, etc. Erst später befassen sie sich mit dem Thema Bitcoin intensiver und fallen dann in den sogenannten Bitcoin-Hasenbau (aka das Rabbit-Hole, das meines Erachtens nach der Honigdachsbau heißen sollte, aber naja) und haben Bitcoin in ihren Wallets und Cold-Storages, die sie nachträglich gerne etwas weniger öffentlich besitzen wollen. Zudem ist es Best-Practice für diejenigen, die Zahlungen in Bitcoin erhalten, diese erstmal von ihrer Transaktionshistorie zu säubern, denn man schreibt ja auch nicht auf jeden Geldschein beim Bezahlen seinen Namen und den Verwendungszweck drauf. Ein 10 Euro-Schein ist ein 10 Euro-Schein, egal ob dieser frisch aus der Bundesdruckerei kommt, oder ob dieser schon 100 Besitzer//innen gewechselt hat, dabei ein paar Runden in der Waschmaschine mitgemacht hat, genutzt wurde, um den Geruch von Spiegeln im Detail zu überprüfen, in Zigarettenautomaten überwintert oder sonstige Abenteuer erlebt hat.

Im Endeffekt steckt er in der Geldbörse und lässt sich zum aktuellen Tageskurs im Supermarkt der Wahl für ein Päckchen Butter eintauschen (ohne Wechselgeld), ohne dass nach seiner Reise gefragt wird. Warum sollte das bei Bitcoin Zahlungen anders sein? Zum Glück gibt es für alle oben genannten Szenarien eine relativ einfache Lösung: CoinJoins. Was das ist, wie sie funktionieren und was es zu beachten gilt, schauen wir uns diese Woche an.

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Wie immer fangen wir mit der Erklärung einiger Konzepte an. Also, was sind CoinJoins?

Ein CoinJoin ist eine Form des Mixings. Dies ist eine On-Chain-Lösung, die entwickelt wurde, um das Problem der "Common-Input-Ownership-Heuristik" zu brechen. Vereinfacht ausgedrückt beschreibt dieses Problem die Annahme, dass mehrere Inputs einer Transaktion relativ sicher dem gleichen Besitzer gehören.

Um es deutlicher zu veranschaulichen zitiere ich einen früheren Artikel:

Ein ganz einfaches Beispiel: Wenn ich eine bestimmt Menge Bitcoin bei einer Börse erwerbe, bei der ich mich zuvor ausweisen musste, um die Dienstleistungen in Anspruch zu nehmen, und mir anschließend diese erworbene Menge Bitcoin auf meine Wallet überweise, um sie in Selbstverwahrung zu halten, ist es gewissen Teilnehmern möglich, meine Wallet zu identifizieren, bzw. mir zuzuordnen. Die Börse, und damit im Zweifelsfall auch ein Gericht oder ein Staat, kennen die Bitcoin-Adresse, die sie meinen Ausweisdaten zuordnen können. Die Transaktion und die damit verbundenen UTXOs sind damit auch mir zuschreibbar und die Wahrscheinlichkeit, dass ich Eigentümer der Zieladresse bin, ist auch sehr hoch - vor allem, wenn ich öfter Transaktionen von der Börsen-Adresse zu der gleichen Zieladresse ausführe. Dieses Verfahren wird auch Heuristik genannt und bedient sich wahrscheinlicher Annahmen, also z.B. wiederkehrender Muster.

Das Common-Input Problem geht noch eine Stufe tiefer, aber das lassen wir mal für einen Artikel über UTXOs übrig. Ein erweitertes Verständnis über UTXOs ist sicherlich ratsam, um das Konzept von Inputs und Outputs einer Transaktion besser zu verstehen, aber ich werde mir die größte Mühe geben, alles so einfach wie möglich darzustellen und ich glaube, dass es reicht zu verstehen, dass Transaktionen in der Blockchain historisch miteinander verknüpft sind. Diese Verknüpfung entsteht dadurch, dass die Outputs einer Transaktion immer die Inputs der nächsten Transaktion darstellen.

Dabei können viele kleine Inputs zu einem Output zusammengefasst oder große Inputs aufgeteilt werden, um kleine Outputs zu bedienen. Sobald es in dieser Transaktionskette ein Verbindungsstück in die "nicht-digitale" Welt, unser "echtes" Leben, gibt, kann jeder mit genügend Zeit und Ressourcen (wie Blockchain-Analyse Firmen) damit beginnen, diese Links herzustellen, indem sie das frei zugängliche Public-Ledger von Bitcoin beobachten und Verbindungen knüpfen.

CoinJoin hilft, dies zu verhindern. Und um den Artikel möglichst verständlich zu halten, werde ich im Weiteren erstmal von "Coins" sprechen, die im weitesten Sinne verbunden, also "gejoint" werden.

Wie also funktioniert ein CoinJoin?

Die Grundidee besteht darin, dass man einen Coin nimmt, der aus mehreren UTXOs besteht, und diesen einem Pool zuführt. Das ist in etwa so, als hätte man 10 Euro in Ein-Euro-Münzen im Portemonnaie und träfe sich mit 9 weiteren Fremden, die auch alle 10 Euro in Ein-Euro-Münzen haben. Nun werfen alle Beteiligten ihre Münzen in einen Topf und man erhält einen Topf mit 100 Ein-Euro-Münzen. Der Topf wird kräftig geschüttelt und jeder Beteiligte bekommt zufällig 10 Ein-Euro-Münzen zurück (der Einfachheit halber bekommt niemand eine Gebühr oder ein Honorar für den Service ausgezahlt). Niemand wird jemals in der Lage sein, die Ein-Euro-Münzen dem Portemonnaie zuzuweisen, aus dem sie dem Topf zugeführt wurden.

Ziemlich genauso funktionieren ConJoins, oder anders genannt Mixer. Es gibt eine Reihe von Diensten, bei denen man seine Coins zum Mixen an einen Pool senden kann. Diese Dienste erhalten für die Vermittlung, Zusammenführung und das Stellen der Infrastruktur eine kleine Gebühr. Namhafte Dienste sind z.B. Samourai’s Whirlpool oder Wasabi. Jeder dieser Anbieter hat - wie bei fast allem im Leben - seine Vor- und Nachteile. Zusätzlich zu den Mixing-Fees kommen natürlich auch die herkömmlichen Transaktionskosten.

Um bei Bitcoin zu bleiben, bedeutet dies, dass Transaktionen aufgebaut werden, die es Überwachungsfirmen oder anderen Beobachtern sehr schwer machen, genau zu wissen, welcher Transaktion-Output zu welchem der Input-Steller gehört. Das bedeutet keineswegs, dass Transaktionen gänzlich unsichtbar gemacht werden oder Inputs verschwinden, denn alles sitzt festgeschrieben und für immer einsehbar in der Blockchain. Allerdings können sich im besten Falle diejenigen, die Transaktionen beobachten oder nachverfolgen wollen, eine Reihe möglicher Szenarien ausdenken oder herleiten, um zu einem von vielen potentiellen Ergebnissen zu gelangen, wer welches Stück Bitcoin besitzt, jedoch kann man sich dessen niemals zu 100% sicher sein.

Alle Anbieter ähneln sich insofern, als dass sie gewisse Mixing-Beträge vorgeben. So kann man bei Samourai z.B. auswählen, ob man seine Coins in 0.01, 0.05 oder 0.5 BTC Pools mixen möchte. Hier kommt es natürlich darauf an, wie viel Vermögen/ Bitcoin gemixt werden soll. Wenn ich 0.5 Bitcoin mixen möchte, sollte ich natürlich nicht den 0.5 BTC Pool auswählen, sondern den 0.05 BTC Pool, da mir nach erfolgreichem Mixen 9 "saubere" UTXOs ausgehändigt werden. Warum nicht 10? Natürlich zahle ich ja auch für die Dienstleistung und für die Transaktion. Das heißt aber nicht, dass ich automatisch 0.05 BTC dafür zahle, sondern nur die Kosten (z.B. 2% der Pool Kosten + Transaktionsgebühren), der Rest der 0.05 BTC in diesem Beispiel würden mir als "unspent" zurück "überwiesen".

Diese Services bieten darüber hinaus auch an, die durch den Mixer generierten Coins im Mixer zu lassen, sodass sie über einen längeren Zeitraum weiter gemischt werden. Man stelle sich eine Waschmaschine vor, in der nur weiße Unterhosen derselben Größe und derselben Marke gewaschen werden. Nach jedem Waschgang nimmt man alle Unterhosen bis auf eine heraus und fügt neue, dreckige, gleiche Unterhosen derselben Größe und Marke hinzu. Die Wahrscheinlichkeit, die eigentlich dem ersten Waschgang hinzugefügte Unterhose zu finden, nimmt mit jedem Waschgang ab.

Man kann CoinJoins natürlich auch komplett selbstbestimmt und fernab von Anbietern durchführen. Das ist das Schöne bei Bitcoin, denn es gibt nichts, was man nicht selbst und selbstbestimmt machen kann. Alle Dienstleister und Anbieter von Services erleichtern den Nutzer//innen lediglich das Leben, indem sie die Netzwerke bereitstellen, die gewisse Unternehmungen einfacher machen und weiter streuen können, als es einem/einer einzelnen Nutzer//in jemals möglich wäre. Einen sehr guten und ausführlichen Guide hat zu diesem Thema der wichtige Arman veröffentlicht:

https://armantheparman.com/cj/

Jetzt habe ich natürlich einen groben Fehler begangen, indem ich CoinJoins und Mixer im gleichen Atemzug erwähnt, bzw. in austauschbarer Weise verwendet habe. Wenn man es ganz genau nehmen mag, ist CoinJoin die gewünschte Maßnahme, wohingegen ein Mixer der Dienstleister einer solchen Aktion ist. Generell sollte bei Anbietern von Diensten Vorsicht genossen werden, da in diesem spezifischen Fall der Dienstleister die UTXOs durcheinanderbringt und die vermischten Transaktionen eines anderen zurücksendet. Damit könnte der Dienstleister natürlich Informationen über genau die Datenpunkte erlangen, die es zu verschleiern galt. Zudem kommt hinzu, dass man seine Coins zunächst einem Custodian, also einem vertrauenswürdigen Dritten sendet, in der Annahme bzw. Hoffnung, dass man den eingezahlten Wert (minus der Gebühren) auch wirklich zurückbekommt.

Tamam! Jetzt habe ich also alle meine Coins von meiner Hardware-Wallet gejoint, zurück auf meine Hardware-Wallet, und habe im Endeffekt einfach nur weniger Sats als vorher, oder? Zusätzlich gab es schon Fälle, in denen Dienstleister (nicht die zuvor genannten) Nutzer//innen markiert haben, die zuvor von einem CoinJoin-Dienst gebrauch gemacht haben. Dementsprechend wussten diese Anbieter über die Herkunft der Coins Bescheid und konnten diese "blacklisten" und haben KYC-Informationen bereitgestellt. Dies führt dann dazu, dass andere Dienstleister solche Nutzer//innen und deren Transaktionen/Keys nicht mehr annehmen.

Darüber hinaus kann man sich die ganze Mühe des Mixens auch sparen, wenn man die gesamte Anzahl an gemixten Coins (UTXOs) wieder ausgibt, oder an ein anderes Wallet sendet (in einer Transaktion). Wie bei allen Themen im Bitcoin-Kosmos, gibt es auch hier wieder die Möglichkeit, sich tiefer mit der Materie auseinanderzusetzen, aber ich hoffe ich konnte einen guten Überblick über den Nutzen und die Funktionalität von Mixing Tools, spezifisch CoinJoins, vermitteln. CoinJoins sind, wie eingangs beschrieben, natürlich nur eins der Mittel, um Bitcoin-Transaktionen noch mehr zu pseudonymisieren, was dem Narrativ der Bitcoin-Gegner in die Karten spielt. Gleichzeitig sind Vorfälle, wie die Verhaftung von Entwicklern dieser Softwarelösungen (TornadoCash) nicht von der Hand zu weisen und Nutzer//innen haben ihre Konten bei gewissen Dienstleistern vorübergehend gesperrt bekommen, weil einige ihrer Transaktionen mit CoinJoin durchgeführt wurden. Jedoch sollte man sich gut überlegen, ob und wieviel man preisgeben möchte.

https://archive.ph/144G5

Wie bei allem ist die persönliche Einstellung zu Sicherheit und Privatsphäre der eigentliche Schlüssel. In einer Zeit, in der viele Menschen ihre Informationen bereitwillig im Internet preisgeben, haben sich viele daran gewöhnt, ihre "Sicherheit" auszulagern und anderen anzuvertrauen. Dies fängt bei Passwort-Managing Apps, wie LastPass an und hört bei Banken auf.

https://techcrunch.com/2022/12/22/lastpass-customer-password-vaults-stolen/

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Allerdings muss man sich bewusst sein, dass eine digitale Währung im Internet und, wie im Falle von Bitcoin, auf einem öffentlich einsehbaren Ledger lebt. Wenn man Sicherheit in Form von Selbstverwahrung praktiziert, sollte man sich auch überlegen, ob den Schritt auch konsequent zu Ende gehen möchte und sein Erspartes zumindest so anlegt, dass es für Dritte möglichst schwierig ist, dieses auch öffentlich einsehen zu können.

🫳🎤

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In diesem Sinne, 2... 1... Risiko!‌

@ ac6f9572:8a6853dd

We are glad to announce the current list of attendees for our coming Unconference in Chiang Mai, 🇹🇭 Thailand next 8-10 Feb 2025

Click https://stacker.news/items/771203/r/catoshi for Merch, Registration Forms & Tickers

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Dea Rezkitha – Fedi

Btcschellingpt

pythcoiner

Bitpopart

WendyDing – YakiHonne

Neil Woodfine – Second

Albert Buu – Neutronpay

Gandlaf21 – Nutstash

Andreas Kohl – Concatena

Roland – Alby & Lightsats

Team Frostsnap

Keypleb – BTC Indonesia

Erik De Smedt – Second

Calvin Kim – Utreexo

Steven Roose – Second

Sherry – Nostr HK Meetup

Raj – Bitshala

Jodobear – Pleb

Shaun – YakiHonne

Arjen Stens – TollGate

Luke Childs – Umbrel

Igor Bubelov – BTC Map

Win Ko Ko Aung – HRF

Gabriele – Bitpolito

S – SeedSigner

Jungly – Braidpool

originally posted at https://stacker.news/items/794122

@ 6bae33c8:607272e8

It’s rare that everything goes right in a game, but this was one such case. I needed Ja’Marr Chase to score 26 PPR points to lock in a second-place playoff spot for my best BCL, and he scored 45, locking in not only the weekly win, but first place by two points!

And how it happened was even more insane because the Bengals had a punt blocked with two minutes left, but the Cowboys, who were out of their usual return formation due to the block, touched the punt, and the Bengals recovered. Then instead of driving for the game-winning field goal, the Bengals get the ball to Chase who does his thing and outruns the entire defense for the TD (which gives him the 45 points) and also improbably covers the spread! This was important because it meant another tie in my home picking pool, meaning we have a 5x week next week instead of someone (other than me) winning it. Just insane.

I also had CeeDee Lamb going (along with Chase) in the Steak League, and those two put me out of buying danger for now. Just a perfect overall game.

• Micah Parsons is such a difference maker — Joe Burrow was under pressure all game.

• The Cowboys did the best they could with that offense, but Cooper Rush is an adequate backup, nothing more.

• Rico Dowdle is solid, nothing special. He doesn’t go down easily and has a little wiggle. He’s been boosted by facing soft defenses the last two weeks.

• The Cowboys forget about Lamb for long stretches, but some of that is just Rush’s limitations.

• Chase Brown has a lot of wiggle and is a decent receiver out of the backfield. Not sure why they traded for Khalil Herbert if they’re barely going to use him. Now that they’re essentially out of the race, they should use Herbert more, but they didn’t.

• Burrow is a great quarterback. He put up another 369 and three while under constant pressure. He moved well in the pocket, and most of his throws were on the money.

• What else can you say about Chase? He’s got 93 catches and 15 TDs in 13 games. And so much of his production this year has been after the catch when he takes a short throw and outruns the defense to the house. If he stays healthy the rest of the way, it’ll turn out to be a good thing for him the Bengals didn’t get him that extension. What do you pay a 25-YO with 130 catches for 1,800 yards and 20 TDs?

@ 26838110:80edc65d

The development of the game is going well.

I am developing all the systems at once to ensure that all of the foundations are well-made from the beginning and don't need to be reworker later.

All of the 3D components are now ready in their most basic form, including the ability to build custom ships.

The 3D engine is now integrated with the interface and both can access the same information. This makes creating the minimap trivial. The asteroid field has been tested with 20000 asteroids at 60FPS.

Space will also have locations to explore and random encounters with other ships.

The ship creation will not be based on voxels like here but will have a basic elements on which other components can be attached.

The heightmap is already integrated with the Physics engine (Havok). The yellow box is a cave entrance to test switching location and the purple box is a trader to test dialogs.

If you access the website from a desktop, you can test part of it here: game

@ 5d4b6c8d:8a1c1ee3

The final round is here! Who's excited?

Will the Cavs blow it and screw us all?

What games are people most excited about?

originally posted at https://stacker.news/items/793807

@ 468f729d:5ab4fd5e

```js import dynamic from 'next/dynamic'; import { useEffect } from 'react';

const Button = dynamic( () => import('@getalby/bitcoin-connect-react').then((mod) => mod.Button), { ssr: false, } );

let initialized = false;

export async function initializeBitcoinConnect() { if (!initialized) { const { init } = await import('@getalby/bitcoin-connect-react'); init({ appName: "PlebDevs", filters: ["nwc"], showBalance: false }); initialized = true; } }

const BitcoinConnectButton = () => { useEffect(() => { initializeBitcoinConnect(); }, []);

return ( { console.log('provider:', provider); }} /> ); }

export default BitcoinConnectButton; ```

@ 2063cd79:57bd1320

Ich bin der festen Überzeugung, dass 2023 noch nicht das Jahr sein wird, in dem CBDCs in Europa oder anderen Ländern des globalen Nordens das Tageslicht erblicken werden. Dennoch bin ich überzeugt, dass dieses Thema in 2023 durch vermehrte Prozesse, Rhetorik und Kampagnen weiter in den Mainstream getragen werden wird, um eine unausweichliche Einführung von einer CBDC - zumindest in der Eurozone - vorzubereiten und die Menschen langsam darauf einzustellen. Damit verbundene Themen wie z.B. UBI (Unconditional Basic Income/ Universal Basic Income), also das bedingungslose Grundeinkommen, sowie als Geldwäschegesetze getarnte Einschränkungen des Bargeldverkehrs und andere mit digitalen Zahlungsmitteln verbundene Themen, werden in den Medien vermehrt zu finden sein. Meines Erachtens nach, werden wir all diese Themen auf der einen Seite öfter lesen/hören und auf der anderen Seite wird die Rhetorik gegenüber Bitcoin und anderen Krypto-Assets verschärft werden. Die typischen FUD-Themen werden ad nauseam durch die Medien gejagt, aber auch von Regulatorik wird vermehrt Gebrauch gemacht. Die Regulatorik in Deutschland, Europa, aber auch in den USA, ist bisher weitgehend unklar. An vielen Stellen ist nicht mal klar, welche Agency oder Behörde überhaupt zuständig und handlungsfähig ist, geschweige denn, dass besonders ausgereifte Gesetze existieren. Mit der MiCA (Markets in Crypto-Assets) Verordnung hat die EU einen Schritt nach vorne getan und auch wenn sie erst 2024 in Kraft tritt, stellen sich jetzt schon viele der betroffenen und angesprochenen Gruppen auf die Vorgaben ein. Eine weitere Verordnung, die schon länger besteht, ist die Verordnung (EU) 2015/847 über die Übermittlung von Angaben bei Geldtransfers. Diese regelt die sogenannte Travel Rule, mit der wir uns diese Woche beschäftigen wollen.

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Zunächst müssen ein paar Begriffe und Buchstabensuppenbehörden erklärt werden.

FATF

Die Financial Action Task Force (FATF) ist ein internationales und Regionen übergreifendes Projekt mit zur Zeit 39 Staaten als Mitgliedern, und deren Standards einzuhalten sich so ziemlich jedes Land der Welt verpflichtet hat. Es ist wichtig zu unterscheiden, dass die FATF keine Organisation ist und damit auch keine juristische Person darstellt, die Regeln oder Gesetze erlassen kann. Die FATF veröffentlicht lediglich Empfehlungen und Standards, die von Staaten übernommen werden. Das selbsterklärte Hauptziel dieses Projekts ist die Bekämpfung von Geldwäsche (AML) und der Finanzierung von Terrorismus (CFT). Die Handhabe der FATF ist demnach recht lose gefasst, sehr weitreichend und das Mandat zeitlich unbefristet. Posten werden vergeben, nicht gewählt, wie sollte es auch anders sein. Die FATF wurde 1989 gegründet und hatte zunächst nur das Ziel Geldwäsche zu bekämpfen, doch seit 9/11 wurde das Mandat um die Bekämpfung von Finanzierung von Terrorismus erweitert, und einhergehend mit dem Patriot Act und anderen freiheitseinschneidenden Gesetzen, hatte auch niemand mehr irgendwelche Vorbehalte gegen Übergriffe auf Privatsphäre und Persönlichkeitsrechte.

FATF Mitglieder

Die Liste der Länder, die keine Lust auf diesen spießigen Club mit seinen strengen Regeln haben, die sogenannten Non-Cooperative Countries and Territories (NCCTs), liest sich wie der Marco Polo Reiseführer für Steuerflüchtlinge und Finanzakkrobaten und führt - wen wunderts - Länder wie die British Virgin Islands, die Kaimaninseln, die Kanalinseln (Guernsey, Isle of Man und Jersey), Liechtenstein, Monaco, Panama, naja und halt eben auch Russland. Die Erfolgsgeschichten der Prävention von nennenswerten Terroranschlägen ist übrigens so lang, wie die Liste von Goldmedaillen des olympischen Eiskunstlaufteams des Sudans.

FinCEN

Das Financial Crimes Enforcement Network (FinCEN) ist eine weitere Nudelbehörde im Geltungsbereich des US amerikanischen Finanzministeriums und beschäftigt sich ausschließlich mit Finanzsystemen, bzw. der Ausnutzung oder der illegalen Nutzung derselben, ist aber auch dem Office of Terrorism and Financial Intelligence (TFI) unterstellt, also auch hier wieder ein Mandat so breit wie der Amazonas.

So, nun kurzer Geschichtsausflug.

Das FinCEN hat im Jahr 1996 die originale Travel Rule erlassen. Diese hieß natürlich nicht offiziell so, aber Bank Secrecy Act (BSA) rule [31 CFR 103.33(g)] ist super sperrig, also bleiben wir bei Travel Rule. Kurz und knapp zusammengefasst besagt dieses Gesetz, dass Finanzinstitute gewisse Informationen an andere Institute weiterleiten müssen, wenn sie durch ihre Dienstleistungen Empfänger (Begünstigter) oder Sender (Auftraggeber) von Zahlungen miteinander verbinden. Diese Informationen beinhalten

beim Versenden:

• Name des Senders
• Kontonummer des Senders, falls verwendet
• Adresse des Senders
• Identität des Finanzinstituts des Senders
• Höhe des Übermittlungsauftrags
• Ausführungsdatum des Übermittlungsauftrags
• Identität des Finanzinstituts des Empfängers;

beim Erhalten:

• Namen des Empfängers
• Adresse des Empfängers
• Kontonummer des Empfängers
• jede andere spezifische Kennung des Empfängers.

Die FATF hat im Jahr 2019 diese originale Travel Rule übernommen und vorgeschlagen, diese Regeln zur Übermittlung von personenbezogenen Daten auf "Virtual Assets" (VA) auszuweiten und damit nicht nur traditionelle Finanzinstitute, sondern auch "Virtual Assets Service Providers" (VASPs) einzubeziehen. Wir sind uns natürlich bewusst, dass sich VAs nur auf Pokedollars, Rupees und V-Bucks beziehen und keineswegs auf Digitale Assets oder Kryptowährungen 😛 - sonst würde man ja von DAs (Digital Assets) sprechen.

Krypto-Travel Rule

Okay, also ernsthaft bedeutet dies im Klartext, dass jede Bitcoin- oder Krypto-Transaktion, die einen bestimmten Schwellenwert überschreitet (in der EU bald 0 EUR - "denn aufgrund der spezifischen Eigenschaften und des Risikoprofils von Krypto-Assets gilt die Informationspflicht für alle Krypto-Asset-Transfers, unabhängig vom Transferwert", mehr dazu später ⬇️), von den persönlichen Daten (personally identifiable information (PII)) des Kunden begleitet werden muss. Wir nutzen hier erstmal weiter den Begriff VASP. VASPs müssen nicht nur die Informationen ihrer eigenen Kunden übermitteln, sondern auch versuchen den/die Empfänger//in oder Sender//in (also die jeweilige Gegenpartei) zu blocken oder zu sanktionieren und einer Due-Diligence-Prüfung zu unterziehen. Kurzum, die FATF findet das Risikoprofil von Krypto super schwierig, darum könnte es sein, dass mein Toni Token, den ich einem Freund schicke, der Finanzierung von internationalem Terrorismus dienen könnte und deshalb muss die Sparkasse Westfalen-Lippe jetzt der Spardabank meines Freundes die Unterwäschengröße meines erstgeborenen Kindes übermitteln. Klingt unmöglich? Ist es auch.

Jetzt denkt der/die kundige Leser//in: "Naja, coole Regel liebe FATF, aber was jucken mich deine Vorgaben? Ich lebe in hier in einem Land und der einzige, der hier Gesetze erlassen kann ist immernoch der Kanzlerin!" Und so - oder so ähnlich - ist es auch, aber wir würden ja nicht im Musterknaben-Regelparadies-Preussland leben, wenn Deutschland nicht als eine der ersten europäischen Jurisdiktionen, die Travel Rule als Gesetz erlassen möchte. Der Gesetzesentwurf des damaligen Finanzministers Olaf Scholz mit dem lässig und digital daherkommenden Namen "Verordnung über verstärkte Sorgfaltspflichten bei dem Transfer von Kryptowerten (kurz: Kryptowertetransferverordnung, noch super-kürzer: KryptoWTransferV)" wurde in 2021 vorgestellt und soll noch 2023 in Kraft treten.

Jetzt fragt sich der/die kundige Leser//in natürlich als nächstes: "Naja, Regel hin oder her, ich hab ja tausende verschiedene Apps, Services, kann von Börsen Geld verschicken, von Wallets auch, kann sogar selber Payment-Channels für Lightning öffnen, eine Node betreiben und Wallets hosten, wie zum Kuckuck finde ich denn raus, wer oder was jetzt ein VASP ist? Oder schlimmer noch, bin ich womöglich selbst einer?"

Ruhig kleiner Otter, hier ist die Definition der FATF:

Ein VASP ist jede natürliche oder juristische Person, die [...] als Unternehmen eine oder mehrere der folgenden Aktivitäten oder Operationen für oder im Namen einer anderen natürlichen oder juristischen Person durchführt:

• Austausch zwischen virtuellen Vermögenswerten und Fiat-Währungen
• Austausch zwischen einer oder mehreren Formen virtueller Vermögenswerte
• Übertragung von virtuellen Vermögenswerten
• Verwahrung und/oder Verwaltung von virtuellen Vermögenswerten oder Instrumenten, die die Kontrolle über virtuelle Vermögenswerte ermöglichen
• Teilnahme an und Erbringung von Finanzdienstleistungen im Zusammenhang mit dem Angebot und/oder dem Verkauf eines virtuellen Vermögenswerts durch einen Emittenten

Also zunächst bezieht sich die Definition nur auf Unternehmen. Dieser Interpretation folgt auch Krypto 👐🏼 Transfer 🖖🏼:

Unternehmen mit Sitz im In- oder Ausland, das in Bezug auf Kryptowerte im In- oder Ausland Bankgeschäfte im Sinne des § 1 Absatz 1 Satz 2 des Kreditwesengesetzes betreibt, Finanzdienstleistungen im Sinne des § 1 Absatz 1a Satz 2 des Kreditwesengesetzes oder Wertpapierdienstleistungen im Sinne des § 2 Absatz 2 bis 4 des Wertpapierinstitutsgesetzes erbringt.

Generell fallen unter die Interpretation von VASPs die folgenden Dienstleistungen: Verwahrung, Mining Pool Anbieter, Anbieter von Wallets (custodial), Broker-Services (inkl. Börsen), Bitcoin ATMs und unter bestimmten Voraussetzungen auch Anbieter von Stablecoins, Anbieter von DeFi-Protokollen und auch dezentralisierte Börsen (DEX). Individuelle Miner, Betreiber von Full-Nodes und Lightning-Routing-Channels sind bisher von der Interpretation ausgeschlossen.

Wohingegen man das Gefühl bekommen könnte, dass Sender//innen und Empfänger//innen der Transaktionen die Leidtragenden der Gesetzesentwürfe sind, kann man doch eigentlich schnell sehen, dass vor allem die Dienstleister eine enorme Last und zusätzliche Arbeit schultern müssen. Auf der einen Seite besteht die Herausforderung, die uneinheitliche Vorgehensweise bei der Umsetzung dieser Verordnung in den verschiedenen Regionen vernünftig zu navigieren, denn die daraus entstehenden Anforderungen unterscheiden sich noch von Land zu Land (ein Pluspunkt für MiCA ⬇️). Aber auch zusätzliche Anforderungen, die über die Beschaffung der PIIs hinausgehen, wie z.B. dass von VASPs erwartet wird, dass sie Informationen über die Quelle und das Ziel von versendeten Krypto-Assets erhalten und speichern, machen das normale Tagesgeschäft um ein vielfaches komplizierter.

Und weil es so schwierig ist die PIIs der Sender//innen (Auftraggeber//innen) und der Empfänger//innen (Begünstigten), geschweige denn die volle Transaktionshistorie der Assets, glaubwürdig und genau abzubilden und zu übermitteln, sieht sogar die FATF ein, dass ein gewisser gesunder Menschenverstand angesetzt werden muss und empfiehlt daher, dass VASPs zunächst die VASPs auf der Gegenseite überprüfen, um zu ermitteln, ob eine Transaktion womöglich Geldwäsche- oder Terrorismusfinanzierungspotential (AML/CFT) birgt.

MiCA

Die sogenannte Markets in Crypto Assets Verordnung ist ein in 2020 vom EU Parlament auf den Weg gebrachtes Gesetz zur Harmonisierung der Regeln in Bezug auf Krypto-Anbieter im europäischen Raum. Die Verordnung soll in 2024 in Kraft treten, doch ein finaler Entwurf liegt bereits vor.

Wie schon erwähnt, sehen die neuen Regeln der EU einen Schwellenwert von 0 EUR vor. Mit anderen Worten, Krypto-Dienstleister, die unter einer EU-Lizenz oder in der EU tätig sind, müssen für alle Transaktionen, unabhängig von ihrer Größe, Informationen zur Identität des Absenders und Empfängers erfassen.

Dabei unterscheidet die EU zwischen "hosted" und "un-hosted" Wallets 🤡. Un-hosted Wallets sind alle Wallets, die privat genutzt werden und self-custodial arbeiten, also sich in der Verwahrung von Privatnutzer//innen befinden, sprich diejenigen Wallets, die jeder nutzen sollte, der keinem Custodian vertrauen möchte.

Überweisungen von oder zu un-hosted Wallets von oder zu einem VASP, oder anderen Finanzdienstleister, müssen ab einem Schwellenwert von 1.000 EUR vom VASP überprüft werden. Dabei muss der VASP auch feststellen, ob diese Wallet dem/der Kund//in tatsächlich gehört oder er/sie dieses kontrolliert. Wenn ja, muss der/die Benutzer//in dies verifizieren. Transaktionen von weniger als 1.000 EUR an oder von einer un-hosted Wallet erfordern keine Überprüfung des Eigentums.

Transaktionen an un-hosted Wallets, die nicht der direkten Kontrolle des/der Benutzers//in unterliegen, müssen in allen Fällen überprüft und personenbezogene Informationen über die Wallet gesammelt werden. Darüber hinaus muss festgestellt werden, ob weitere Maßnahmen erforderlich sind. Das bedeutet, dass der VASP vor der Übertragung der Transaktion ein potentielles AML/CTF Risiko identifizieren, einschätzen und entsprechende Maßnahmen ergreifen muss.

InterVasp, TRUST und Co

Und genau weil es eben so schwierig ist diese unhandlichen Anforderungen umzusetzen, bedeutet dies, dass die gesamte Industrie einen kooperativen Ansatz verfolgen muss, um einen idealen Daten- und Kommunikationsstandard zu finden. Zunächst wurde also ein Konsens über ein einziges Datenübermittlungsformat für alle Travel Rule Anforderungen erzielt. Dieses Format heißt IVMS 101 und wurde von der Joint Working Group on interVASP Messaging Standards (JWG) erlassen.

Gleichermaßen hat Coinbase federführend eine Lösung namens TRUST (Travel Rule Universal Solution Technology) ins Leben gerufen, die nach eigenen Angaben zufolge entwickelt wurde, um die Travel Rule Anforderungen zu erfüllen und gleichzeitig die Sicherheit und Privatsphäre von Kund//innen zu schützen. Dieser Lösung haben sich einige namhafte Finanzdienstleister, Börsen und Krypto-Anbieter, unter anderem BitGo, Bittrex, Circle, Fidelity Digital Assets, Gemini, Kraken und Robinhood, angeschlossen, um einen Industriestandard für die Erfüllung dieser Anforderungen zu schaffen.

https://www.coindesk.com/business/2022/10/31/coinbase-backed-anti-money-laundering-group-expands-into-europe

Aber auch ein von MasterCard übernommenes Unternehmen namens CipherTrace war schnell dabei, einen Standard zu entwickeln, der es Unternehmen erleichtern soll, den Anforderungen gerecht zu werden.

https://bitcoinmagazine.com/business/ciphertrace-unveils-travel-rule-protocol-for-cryptocurrency-businesses

Was anhand der genannten Beispiele recht schnell deutlich wird, ist dass die von der FATF erlassenen Empfehlungen und Standards hauptsächlich dazu führen, dass wieder eine immense Anzahl an personenbezogenen Daten gesammelt werden muss, und dass dieser Mammut-Akt von etablierten, zentral operierenden Unternehmen gesteuert und vereinnahmt wird. Es ist, als würden Tickets gedruckt, um weitere zusätzliche Daten sammeln zu dürfen, und diese Tickets werden natürlich wieder - frei nach dem Cantillon-Effekt - an die am engsten stehenden Unternehmen verteilt.

Und wer die Früchte ernten will, muss auch den Preis dafür bezahlen!

---

Banken und Krypto-Anbieter sollten keine Diebe fangen, das ist Sache der Polizei. Es gilt eigentlich das rechtsstaatliche Grundprinzip der Unschuldsvermutung, also im Zweifel für den Angeklagten, bzw. die Annahme, dass jede/r solange als unschuldig anzusehen ist, bis seine/ihre Schuld nachgewiesen werden kann. Im Falle der Travel Rule und ähnlichen Geldwäschegesetzen und Gesetzen zum Schutz vor Terrorfinanzierung (AML/CFT) wird dieses Prinzip auf den Kopf gestellt.

Millionen von Berichte werden zur Zeit von Finanzdienstleistern und Krypto-Unternehmen an die Aufsichtsbehörden gesendet. Damit geben Unternehmen des privaten Sektors persönliche Informationen über ihre Kund//innen preis, selbst wenn die Transaktionen nur verdächtig sind. Doch was macht eine Transaktion verdächtig? Grenzüberschreitende Transfers, ein Abendessen in einem äthiopischen Restaurant bezahlt mit Karte? Finanzinstituten obliegt es, das Geld zunächst einzufrieren, sozusagen als Lösegeld einzubehalten, bis der/die Kund//in beweisen kann, dass er/sie unschuldig ist, und nicht umgekehrt. Dies stellt eine klare Verletzung des Menschenrechts dar. Regeln, wie die Travel Rule, verletzen gesellschaftliche Prinzipien, indem sie Menschen ihre Rechte kategorisch verweigern, nur um ein sehr kleines potentielles Risiko zu vermeiden.

Und wer definiert einen Terroristen? Im Iran unterscheidet sich die Definition von jemandem, der den Staat bedroht, erheblich von dem, was andere Länder als einen terroristischen Akt definieren würden. In unseren Breitengraden sind solche Regeln und Gesetze nur so lange zumindest unbedrohlich für das eigene körperliche Wohl, solange die Kontrollinstanz auf rechtsstaatlichen Grundwerten aufgebaut ist. Sobald dies kippt, hat der Staat eine sehr gefährliche Waffe zur Hand.

🫳🎤

---

In diesem Sinne, 2... 1... Risiko!‌

@ a80fc4a7:dc80ebd1

I have noticed a pattern lately that makes me kind of sad, It seems Photography and Real photos are becoming harder and harder to find these Days, With the rise of AI And Computer generation. If you go to Google or any Search engine and simply Search "Nature Photos" you will get largely AI Photos or heavily altered images, it's almost as if it was programmed this way, is nobody taking real photos anymore? Or is Google simply trying to replace real art and real photos with AI? This honestly puzzles me and worries me, has anyone else noticed this? Or is it just me. Was it always this way on Google?

@ a2522f7d:59fd999d

Tires and plastics are recycled to produce diesel and propane, fueling sustainable bitcoin mining.

Video: https://bitcoinminingworld.com/w2e-turning-tires-to-bitcoin/

• Why It Matters • Reduces Landfill Waste. • Generates Renewable Energy. • Supports a Circular Economy.

originally posted at https://stacker.news/items/793375

@ 7ec80607:128517c5

Lymphatic drainage massage (LDM) is a gentle, therapeutic technique designed to promote the flow of lymph, a clear fluid that plays a crucial role in the body’s immune system and waste elimination. The lymphatic system is responsible for transporting lymph throughout the body, which contains white blood cells that help fight infection, as well as waste products that need to be filtered out. LDM aims to enhance the efficiency of this system, supporting overall health and wellness.

**Understanding the Lymphatic System ** To appreciate the benefits of lymphatic drainage massage, it's essential to understand the lymphatic system's structure and function. The lymphatic system consists of lymph nodes, lymphatic vessels, and lymphoid organs such as the spleen and thymus. Unlike the circulatory system, which has the heart to pump blood, the lymphatic system relies on the movement of muscles and joint activity to push lymph through its vessels.

Lymphatic vessels collect excess fluid, proteins, and waste products from tissues and transport them to lymph nodes, where they are filtered. The lymph nodes then produce lymphocytes, which are key in fighting infections. Maintaining a healthy lymphatic system is vital for preventing lymphedema (swelling due to lymph fluid accumulation), infections, and other health issues.

**The Technique of Lymphatic Drainage Massage ** Lymphatic drainage massage utilizes light, rhythmic, and circular motions to stimulate lymph flow and promote drainage. The techniques may vary slightly among practitioners, but the following key components are generally consistent:

1.Light Pressure: Unlike traditional massages, where deeper pressure is often applied to relieve muscle tension, LDM uses very light pressure. This gentle approach is necessary because the lymphatic vessels are located just beneath the skin's surface. 2.Rhythmic Movements: The massage involves slow, deliberate movements that mimic the natural rhythm of the lymphatic system. Practitioners often use their hands to create a "pumping" effect, which encourages lymphatic flow.

3.Specific Techniques: Techniques can include skin stretching, circular motions, and pumping actions. Areas with a high concentration of lymph nodes, such as the neck, armpits, and groin, receive focused attention.

4.Body Positioning: Clients are usually positioned comfortably, often lying down, to facilitate relaxation and maximize the effectiveness of the massage.

**Benefits of Lymphatic Drainage Massage ** Lymphatic drainage massage offers a range of potential benefits, making it a popular choice for individuals seeking both therapeutic and aesthetic advantages. Some of the key benefits include:

1.Reduced Swelling and Inflammation: By promoting lymphatic flow, LDM can help reduce swelling caused by lymphedema, post-surgical recovery, or injury. It can also alleviate inflammation in the body, contributing to faster healing.

2.Improved Immune Function: A well-functioning lymphatic system enhances the body’s ability to fight infections. LDM can stimulate the production of lymphocytes, which are essential for a healthy immune response.

3.Detoxification: The lymphatic system is integral to detoxification processes. By facilitating lymph flow, LDM aids in removing toxins, metabolic waste, and excess fluid from the body.

4.Relaxation and Stress Relief: The gentle, rhythmic nature of lymphatic drainage massage promotes relaxation and reduces stress. This can lead to lower levels of anxiety and improved overall well-being.

5.Enhanced Skin Health: LDM can improve circulation and promote a healthier appearance of the skin. Many people notice a reduction in puffiness, improved skin tone, and a general feeling of vitality after a session.

6.Alleviation of Pain: For some individuals, LDM can help reduce pain associated with certain conditions, such as fibromyalgia or arthritis. The gentle movements can ease tension and promote a sense of relief.

**Who Can Benefit from Lymphatic Drainage Massage? ** Lymphatic drainage massage can be beneficial for various populations, including: 1.Individuals with Lymphedema: Those diagnosed with lymphedema or at risk for developing it (such as after certain cancer treatments) can find LDM especially helpful in managing their condition.

2.Post-Surgical Patients: After surgeries, especially those involving the lymphatic system, LDM can aid in recovery by reducing swelling and promoting healing.

3.Individuals with Chronic Illnesses: People dealing with chronic health issues that affect their immune system or lymphatic flow may benefit from regular LDM sessions.

4.Fitness Enthusiasts and Athletes: Athletes may incorporate LDM into their recovery routine to reduce muscle soreness and promote faster recovery after intense workouts.

5.Individuals Seeking Relaxation: Anyone looking for stress relief and relaxation can enjoy the calming effects of lymphatic drainage massage.

**Contraindications and Precautions ** While lymphatic drainage massage is generally safe, certain individuals should exercise caution or avoid the treatment altogether. Some contraindications include:

1.Acute Infections: If you have an active infection or fever, it is best to postpone LDM until you have fully recovered.

2.Severe Heart Conditions: Individuals with serious heart conditions should consult their healthcare provider before undergoing LDM, as the treatment may affect circulation.

3.Kidney Problems: People with significant kidney issues may need to avoid LDM, as the technique can increase fluid movement in the body.

4.Blood Clots: If you have a history of blood clots or thrombosis, LDM should be avoided, as the increased movement of lymph could dislodge a clot.

5.Skin Conditions: Open wounds, rashes, or skin infections may be aggravated by massage, making it important to avoid treatment until the skin is healed.

**Finding a Qualified Practitioner ** If you’re considering lymphatic drainage massage, it’s essential to find a qualified practitioner who has specialized training in this technique. Look for licensed massage therapists, physical therapists, or other healthcare professionals who have completed accredited courses in lymphatic drainage. Before your session, discuss your health history and any specific concerns you may have. A good practitioner will tailor the massage to meet your individual needs, ensuring a safe and effective experience.

**Conclusion ** Lymphatic drainage massage is a gentle and effective therapy that promotes the health of the lymphatic system and offers a myriad of benefits, from reducing swelling to enhancing relaxation. Whether you’re seeking relief from a medical condition or simply want to enhance your overall wellness, LDM can be a valuable addition to your self-care routine. As with any therapeutic treatment, it’s crucial to consult with a healthcare provider or qualified practitioner to ensure that lymphatic drainage massage is appropriate for your unique situation. With the right guidance, you can experience the restorative benefits of this holistic therapy, leading to improved health and vitality.

@ a012dc82:6458a70d

Table Of Content

• The Lone Star State's Embrace of Bitcoin Mining

• Legislation and the Miner's Triumph

• A Testament to Texan Openness

• The Economic Implications

• The Global Perspective

• Conclusion

• FAQ

In the vast expanse of the digital age, where boundaries are constantly being redrawn, Texas emerges as an unlikely hero. The state, with its deep-rooted traditions and rugged landscapes, has become a beacon for the future of digital currency. As the world grapples with the implications of decentralized finance, Texas stands tall, bridging the gap between the old and the new. This is the story of how the Lone Star State became the epicenter of the Bitcoin mining revolution.

The Lone Star State's Embrace of Bitcoin Mining

It's not every day that a state becomes a hotspot for a global phenomenon, especially one as groundbreaking as Bitcoin mining. But Texas, with its vast landscapes and iconic cowboy culture, has done just that. The state, known for its oil rigs and cattle ranches, has now become synonymous with the hum of Bitcoin mining rigs. It's like the Gold Rush of the 21st century, but instead of panning for gold, folks are mining digital currency.

Legislation and the Miner's Triumph

Now, you might be wondering, how did Texas, of all places, become this global mecca for Bitcoin mining? Well, it's a tale of business, politics, and a bit of good ol' Texan spirit. For instance, there was this proposed legislation, SB 1751, that had the potential to throw a wrench in the works. This bill, which breezed through the state senate initially, aimed to cut down the incentives miners received from the power grid and put an end to mining tax abatements. Just to give you a sense of the scale, this could've set Riot back by a whopping $30 million! But here's where the story takes a twist. After the bill made its way through the Senate, the mining industry didn't just sit back and accept their fate. Oh no, they took the bull by the horns. They met with politicians, laid out their case, and made it clear how beneficial they were to the grid. And guess what? Their efforts bore fruit. The bill, which once seemed like a sure thing, met its end in the House. And boy, did the miners celebrate that victory!

A Testament to Texan Openness

The relationship between Texas and the Bitcoin mining community is unique. It's not just about business; it's about understanding, collaboration, and mutual respect. Regulators in Texas have been incredibly receptive to Bitcoin miners, recognizing the myriad benefits these miners bring to the grid. Texas has opened its arms wide, welcoming an industry that's reshaping the global financial landscape.

The Economic Implications

Beyond the hum of the mining rigs and the intricacies of legislation, there's a broader economic narrative unfolding. Texas' embrace of Bitcoin mining is not just about digital currency; it's about job creation, infrastructure development, and fostering innovation. As more miners set up shop, local economies benefit, and the state solidifies its position as a hub for technological advancement.

The Global Perspective

The world is watching, and Texas is setting a precedent. Other states and countries are taking note of how Texas has managed to integrate Bitcoin mining into its economic and legislative framework. The state's success story serves as an inspiration for regions looking to tap into the potential of digital currencies and the industries they spawn.

Conclusion

The tale of how Texas, with its rich history and tradition, has become a beacon for the future of finance is a testament to the state's adaptability, its willingness to evolve, and its undying spirit of enterprise. As the world continues its march towards a digital future, Texas stands tall, not just as a participant but as a leader. The future is not just bright; it's digital.

FAQ

What's the significance of Texas in the Bitcoin mining industry? Texas has emerged as a global hotspot for Bitcoin mining, attracting miners with its favorable regulations and infrastructure.

How did Texas respond to the proposed SB 1751 legislation? While the bill initially passed the Senate, it was later rejected in the House after miners and industry representatives made their case.

Why are regulators in Texas supportive of Bitcoin miners? Texas regulators recognize the economic benefits and technological advancements that Bitcoin miners bring to the state.

Is Texas' Bitcoin mining boom just about digital currency? No, it's also about job creation, infrastructure development, and fostering innovation in the state.

How is Texas influencing other regions regarding Bitcoin mining? Texas' success in integrating Bitcoin mining is serving as a role model for other states and countries looking to tap into the potential of digital currencies.

That's all for today

If you want more, be sure to follow us on:

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

@ 502ab02a:a2860397

เปิดวาร์ปอีกแล้วววว !!!

เนย จากนมแบบ Non Pasteurise กลับมาแล้ว เป็นเนยที่ใช้คำว่า Grand Cru(กรองด์ ครู) เนยเทพที่ใช้นมจาก บริตตานี ของ Le Gall

Grand Cru เป็นคำภาษาฝรั่งเศสที่แปลตรงตัวว่า “แหล่งผลิตที่ยอดเยี่ยม” หรือ “ชั้นดีเยี่ยม” ถ้าเป็นไวน์ก็คือ ไวน์ชั้นยอด ไวน์ Grand Cru Classé จะเป็นที่รู้กันในวงการไวน์

ดูเส้นที่เนยนะครับ นี่คือไม้ตบเนยให้เป็นก้อนแบบโบราณเลยนะ

เล่าประวัติ Le Gall ให้เพื่อความอิน ในการกินครับ เมื่อปีค.ศ. 1923 คุณ Jean-Marie Le Gall ตอนนั้นเขาอาศัยอยู่ที่ rue Jules Noel ทางที่จะมุ่งหน้าไปยังจตุรัส Locronan (โลโครนัน ) ใน Quimper (แก็งแปร์) แคว้น Brittany (บริตตานี) ฝรั่งเศส เป็นอีกดินแดนหนึ่งที่ขึ้นชื่อเรื่องคุณภาพของนม

เขาเริ่มต้นจากอาชีพ trader โดยการนำเนยและไข่ที่ได้มาจากสวน ไปขายในตลาดใหญ่ของเมืองบริตตานี และค่อยๆเก็บเล็กผสมน้อยทำให้เขาเริ่มรวบรวมครีมที่ปั่นแล้ว (Cream churned) จากฟาร์มมาทำเป็นเนยเพื่อจำหน่าย แล้วสินค้าของ Le Gall ก็เริ่มเจาะกลุ่มลูกค้าที่มีความต้องการมองหาสินค้าท้องถิ่นอันเลอค่าแท้ๆมากขึ้นด้วยคุณภาพสินค้า จึงตัดสินใจเก็บรักษาเทคนิคการปั่นถังที่ต้องใช้ฝีมือความปราณีตสูง (barrel chruning) สืบสานการทำเนยด้วยวิธีนี้ต่อไปไม่เปลี่ยนแปลง

ในระหว่างช่วงปี ‘70 และ ‘80 Le Gall ก็ได้พัฒนาการผลิตเนยและครีมอย่างต่อเนื่องทั้งใน บริตตานี และกินพื้นที่ทางฝั่งตะวันตกของฝรั่งเศสเกือบทั้งหมด จนกระทั้งในปี 1992 ก็ได้ชื่อว่าเป็นบริษัทแรกๆที่มุ่งมันในการทำเกษตรอินทรีย์ อย่างแท้จริงทั้งด้านการลงทุนและเข้าไปมีส่วนร่วมกับชุมชนการเกษตรท้องถิ่น

เนย Le Gall มี 2 ประเภท คือ กลุ่มที่เป็น Lactic butter ที่ผลิตด้วยกรรมวิธีสมัยใหม่ (ห่อสีขาว) และกลุ่มห่อสีๆที่เป็น artisan butter หรือกลุ่มดรัมเชิร์น ที่ผลิตด้วยกรรมวิธีดั้งเดิมโดยใช้ถังปั่น

ซึ่งวิธีผลิตเนยแบบดั้งเดิมนี้มีข้อดีที่ขั้นตอนการปั่นอย่างช้าๆจะทำให้ครีมสดๆได้เนยคุณภาพยอดเยี่ยม นุ่มละมุนเนียนเป็น texture อย่างที่เป็นอยู่นอกจากนี้ผลิตภัณฑ์ของ Le Gall ทุกตัวจะต้องผ่านการตรวจสอบจาก Master Buttermaker ของ Le Gall เองอยู่ตลอดเวลา

อย่างที่พวกเขาพูดเสมอๆว่า “เราไม่ได้เปลี่ยนอะไรเลย มันเลยสร้างความแตกต่าง” โคตรคราฟท์ ชัดเจนและลงตัวไหมล่ะ 5555 รู้แล้วใช่มะ ทำไมผมชอบเลอแกล

เช่นกันตัวเนย Le Gall Grand Cru นี้จัดอยู่ในอันดับท้อปๆของ lineup ซึ่งเป็นเนยผลิตจากนมดิบสดที่ไม่ผ่านการพาสเจอร์ไรซ์ หมักบ่มกว่า 15-18 ชั่วโมง โดยใช้กรรมวิธีดั้งเดิมของชาวฝรั่งเศสแท้ๆคือ Drum Churned ค่อยๆปั่นในถังจนได้เนยที่อ่อนนุ่มคุณภาพดีตามที่กล่าวไว้ข้างต้น

ด้วยความที่ผลิตจากนมดิบนั่นหมายถึงว่ามันยังคงมีจุลินทรีย์อยู่ไม่ถูกฆ่าไปด้วยกรรมวิธีพาสเจอร์ไรซ์นั่นเอง

ผลที่ได้ออกมาคือเนยที่มีความเข้มข้น มิติของกลิ่นหอมฟุ้งในกระพุ้งปาก ฉ่ำชื่นรื่นอุรา มีกลิ่นหอมคงค้างในปากและลำคอ (after taste)

เนยรุ่นนี้เมื่อก่อนอาจต้องบินไปซื้อถึงฝรั่งเศส เดี๋ยวนี้ทาง KCG นำเข้ามาจำหน่ายแล้ว ต้องซื้อตรงจาก KCG เท่านั้นด้วย

ซื้อผ่านทาง Line Official Account ของ KCG online ซึ่งเปิดบริการ Line MyShop เอาไว้รองรับเป็นที่เรียบร้อย

https://shop.line.me/@kcgonline

เฮียจะใช้เนยตัวนี้ทำ Rustic Butter Cake : Le Gall Grand Cru Series รอบนี้ครับ

pirateketo

ตำรับเอ๋

siripun

@ 234035ec:edc3751d

The rise of UAVs

Drones, we have all heard of them, seen them, and many of us own them. Also known as UAVs (Unmanned Arial Vehicles) they come in endless different shapes and sizes, from 2inch Cinewhoop FPVs (First Person View) to large military drones like the Northrop Grumman RQ-4 Global Hawk which can fly for over 30 hours at speeds over 300mph.

In recent conflicts, most notably the ongoing Russia-Ukraine war, we have seen drones play a very significant role. The utilization of small consumer or cheaply manufactured drones for reconnaissance, dropping payloads, delivering supplies, and as "kamikaze" weapons has been well documented.

These so called Kamikaze drones have been devastatingly effective due to the asymmetry of risk on the side of the drone attacker as opposed to traditional warfare methods. The FPV pilot can sit in a secure location several miles from the enemy, and launch $500-$1,000 drones to take out signifiant infrastructure, tanks, personnel, ect. By embracing a new paradigm of warfare a smaller force with significantly less resources is able to project a disproportionate amount of power.

Outside of military use we have seen drones used for many other applications such as 3D mapping, Thermal imaging, Delivery services, agricultural uses, and choreographed displays. All of these take something that once required a human operator present and allows them to be automated. While many of these applications do still require a human operator, it is not a far stretch to imagine that, with advancements in computation and machine learning they will grow more and more hands off.

Being able to utilize a computer program to fly a pre-set flightpath over a location and generate a 3D model of it or gather thermal data is already a reality. Companies now offer docking stations which charge the drone and it can take off and land from autonomously.

The use of large swarms of drones to create arial displays has also been growing in popularity in recent years. fleets of hundreds and sometimes thousands of drones are programmed to flight in precise coordinated patterns in order to create complex shapes and images in the sky. The idea of a single computer being able to control and coordinate such a vast number of vehicles is mind boggling.

Drones in the digital revolution

The "Digital Revolution" has been talked about at great lengths by many people and generally refers to the rapid growth in computation which has lead to growth in access to information and global connectivity. This new wave has seen the dematerialization of many things in our life. E-mail, E-commerce, Social Applications, Wikipedia, Bitcoin, ect. are all examples of previously physical things being dematerialized in the digital age.

UAVs give us a bridge between the digital and physical worlds. A software program run on a computer can now deliver a package to someone across town who just placed an order on a website. They can be used to inspect properties or other physical assets from a distance or to spray crops on large pieces of land.

Along with these "civilian" applications it is easy to imagine a future where drones have an even larger significance in warfare. If you combine the drone swarms used in light displays with the kamikaze drones being used in Ukraine, you get a very scary proposition. If warfare becomes increasingly autonomous, manpower will matter far less and resources will matter much more. A small wealthy nation may be able to wield significant power through their UAV systems.

Decentralization of UAVs

When considering the potential future with respect to drones and drone weapons systems, it is easy to become concerned with a potential Orwellian future where the government has patrol drones and can arrest you autonomously for your thought crimes. While government tyranny is always a serious concern, I am hopeful for the future.

The second amendment in the United States is designed to ensure that the citizens have enough power to resist a tyrannical government. I see drones as a force which levels playing fields, the average individual has access to the same drones which are being used in conflict right now in Ukraine. With the digital revolution we have also seen 3D printing grow massively in popularity and utility and individuals have been experimenting with 3D designs for firearms and drones. This further democratizes access to self defense allowing many more individuals access to the tools necessary to defend themselves in the physical world through a digital file.

The future is going to be a very interesting place. I believe that the lines between the physical and digital worlds will continue to blur and that unmanned aircraft are going to play a significant role in that transformation.

@ 000002de:c05780a7

@k00b shared a post about the new FBI director Trump is putting up for his admin.

He talks a big game. Moving the office in DC to KC. Moving the workforce out of Mordor back into the lands of the people they are supposed to be working for. He talks about saving money and sending the unused budget back to Congress. It reminded me of my time working in IT in government education. I was young and conservative. Naive in many ways. I had a budget to spend on equipment and I recall my boss telling me we need to spend this money before the end of the year. He explained that if we don't use all the money we have they won't give us that much next year. More than that, you can forget about asking for a bigger budget. This really bothered me but at the same time I was in no position to change it. It was no skin off my nose so I found some ways to use the funds.

I learned one of many lessons I would learn working in government education. Now, to be fair conservatives often talk about this kind of thing in government and act like it doesn't exist in private businesses. It does. The larger the organization the more likely it will exist. Heads of departments want to grow their departments. They want more money. The aren't really looking to economize. But, the difference in private businesses is that there is a profit motive. A force pushing back on the Iron Law of Bureaucracy. In a word, incentives.

And here lies the problem Trump or any politician seeking to reform government faces. When you seek to shrink a government program or agency you are pushing against many opposing incentives. Even if you succeed in your reforms the tide is always pushing the opposite way. The only way to keep the state from growing in size and scope is for the population to desire and require it. Then you need politicians and officials that will seek to work against their own incentives and keep government trim. I'm not saying its impossible. It would be possible if you had a nation of Ron Pauls...

The reality is power is the one ring. Those who see government power are either corrupted from the start or will be corrupted by it. I like to think of DC as Mordor in this analogy. The state is the dark lord. Its not Biden or Trump. They just have the ring for a short time. Power is corrupting all those in their orbit. I know, that sounds dark. That's how I view it. But, I'd rather hear people talking about cutting than growing the state. It just all sounds naive to me. I'm reminded of my younger self.

The sad thing is that what is being discussed by Trump is at best a temporary patch job. The real problems all boil down to incentives. These are incentives that are at the foundation of the state. And, its not just in government but in the popular culture and education. There's a reason government grows no matter who is in power. Incentives. If you run for congress and the outcome is your district gets less funding for schools and projects that create jobs? Are you gonna get re-elected? Unlikely. The only way that works is if the population is interested in the workings of government and have conviction about small government. I think we can all agree that this is not the case. There are few that are but they are a small number. Most people are uninterested. They sure aren't interested in boring topics like incentives. Sure, many follow politics but that's just a drama show to garner votes and get slime balls attention. Few are interested in economics, incentive structures, and governance.

I'm ready to watch the show though. Season three of the Trump show should be an interesting if Trump can survive it.

If you want a good laugh and to see some of what I'm talking about in a funny BBC show from the 80s check out "Yes! Minister". It should be required viewing for any conservative thinking they can "fix" government.

originally posted at https://stacker.news/items/793305

@ 9bcc5462:eb501d90

Beyond Legacy

Louis Sullivan was a legendary architect, known as the "father of skyscrapers". He was among the first to embrace new tech, like steel frames and elevators which changed infrastructure development forever. Despite this, people want to see him as a cautionary tale since he wasn’t financially successful in his later years. Nikola Tesla too, suffered a lack of funds when he died. Even when brilliance doesn't always equal wealth, let's not overlook the fact that Sullivan's buildings still stand strong and kiss the sky. Meanwhile, electric cars today bear Tesla's name. These men were ahead of their time and noble for it. A testament that bank accounts die and visions live on.

Frank Lloyd Wright was Sullivan's protege and battled his fair share of demons as well, including scandals, professional criticism and debts until the day of his death. Yet, he was loyal to his mentor's vision of "form follows function" despite the brutal criticisms of it at the time. Like Sullivan, he refused the status quo of mimicking the ornamental European traditions. Instead, he developed his own "organic architecture" style, integrating the site and surroundings with the building. Using the aesthetic of horizontal lines, it would become known as his signature "Prairie Style". Wright would go on to produce innovative homes like Falling Water and Taliesin, which now serve as timeless beacons of unique American architecture.

Their memory challenges me: Do I have the cojones to put everything on the line for my startup, as they did for their vision? Although Learning Producers is in the field of learning experience design, we've been guided by "form follows function" in a landscape hellbent on mimicking conventional models. Bootstrapping as a first time founder feels like entering battle, armor clanking and shield raised. My enemy, a Goliath of stagnation.

I'm reminded in the scene from the movie Troy, where Achilles is made aware of a large enemy soldier he must combat. A boy commented to him, "The Thessalonian you're fighting, he's the biggest man I've ever seen. I wouldn't want to fight him." To which Achilles savagely replies, "That's why no one will remember your name."

@ 5d4b6c8d:8a1c1ee3

Grand Prix

Freebitcoin is taking wagers on the Abu Dhabi Grand Prix.

Here's how to optimally allocate a hypothetical 2k sats on this event (according to RBOA):

| Driver | Wager | |--------|--------| | Vertappen | 561| | Norris | 486| | Leclerc | 261| | Alonso | 4 | | Hamilton | 140 | | Piastri | 166| | Tsunoda | 2 | | Perez | 9| | Sainz | 166| | Russell | 192| | Stroll | 1 | | Ganyu | 1 | | Bottas | 1 | | Albon | 1 | | Hulkenberg | 2 | | Gasly | 4 | | Magnussen | 2 |

Accountability

On the Las Vegas Grand Prix, I made almost 7k on just over 5k in bets.

The picks from this post, earned 37.5k on less than 33k.

The picks from this post, lost about 500 sats on my 20k in bets. @Coinsreporter, this must be what you were talking about. I hadn't actually looked at how the posts did separately yet.

Finally, these Serie A picks lost about 100 sats on a 7k bet.

All in all, I'm up about 90k on 1.8M in wagers.

originally posted at https://stacker.news/items/792858

@ 2063cd79:57bd1320

Die Europäische Zentralbank (EZB) hat auf ihrem Blog einen Post von den Autoren Ulrich Bindseil und Jürgen Schaaf veröffentlicht, der versucht, sich "kritisch" mit dem Thema Bitcoin auseinanderzusetzen. Der Artikel hat erweiterte Aufmerksamkeit erlangt, da es nicht oft vorkommt, dass die EZB öffentlich und direkt ihren Standpunkt gegenüber Bitcoin vertritt, anstatt, wie früher oft üblich, Stellvertreter zu benutzen oder Studien in Auftrag zu geben und zu finanzieren. Die EZB ist einer der größten Gegner von Bitcoin, da sie ihre eigene Agenda zur Einführung einer Euro-CBDC bedroht sieht. Dass der Artikel folglich ein hohes Maß an entweder absichtlicher oder leichtsinniger Ignoranz gegenüber Fakten aufweist und dazu Narrative bedient, die schon tausende Male widerlegt wurden, dürfte jedem klar sein, ohne den Artikel gelesen zu haben. Wir wollen uns den Artikel aber mal anschauen.

---

Der Artikel der Autoren Schaaf und Bindseil wurde am 30. November auf der Website der EZB veröffentlicht und ist nur auf Englisch verfügbar. Ich habe mir nicht die Mühe gemacht, die zitierten Paragraphen zu übersetzen, weil ich auch nicht das Risiko eingehen will, dass Inhalte durch Nuancen bei der Übersetzung verändert werden.

https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130\~5301eecd19.en.html

Bei den Autoren handelt es sich um zwei Mitarbeiter der EZB. Jürgen Schaaf leitet den Geschäftsbereich Marktinfrastrukturen und Zahlungsverkehr, in dem gleichen Geschäftsbereich fungiert Ulrich Bindseil als Generaldirektor. Beide haben eine lange Geschichte von Veröffentlichungen und Reden zum Thema Digitaler Euro, CBDCs und Cross-border Payments. Dementsprechend ist es nicht verwunderlich, dass beide eine Agenda fahren und sich mit dem Thema Bitcoin nicht objektiv auseinandersetzen und einen sehr EZB gefärbten Artikel verfasst haben. Da dies hier eine Bitcoin-Veröffentlichung ist, kann man natürlich auch argumentieren, dass meine Betrachtungsweise der aufgeführten Punkte und Argumente subjektiv ist und Bitcoin-gefärbt, doch ich werde versuchen mich so differenziert wie möglich mit den getroffenen Aussagen auseinanderzusetzen.

Ulrich Bindseil hat sich schon wirklich eingängig mit Bitcoin beschäftigt, wie in seiner Veröffentlichung "Towards the holy grail of cross-border payments" in Abschnitt 5 gut nachzulesen ist. Er kommt sogar zu den richtigen Ergebnissen und Einschätzungen mit Hinblick auf die Haupteigenschaften von Bitcoin (“no financial intermediaries need to provide their balance sheet for Bitcoin transactions to happen, nor are any traditional infrastructures, intermediaries, or payment systems required”, “one single system can be used “as is” for the entire world”, “the absence of intermediaries suggests a high potential for efficiency and no risks from operational or financial failures of intermediaries”, “wallet providers have in the meantime developed relatively efficient on and offloading services from domestic currencies into Bitcoin” - Bravo), um dann Bitcoin mit Verweis auf Energieverbrauch und unter Umweltgesichtspunkten, Verweis auf Volatilität und Nichteinhaltung von KYC/AML Regeln als Lösung zu verwerfen. Tuut tuut macht die Nase und die Schuhe sind zu groß!

Dies nur vorweg, um den Ton des folgenden Artikels besser einordnen zu können. Fangen wir also an:

The value of bitcoin peaked at USD 69,000 in November 2021 before falling to USD 17,000 by mid-June 2022. Since then, the value has fluctuated around USD 20,000.

So weit so gut. Allerdings könnte man genauso gut argumentieren, dass Bitcoin vor ganz genau zwei Jahren auf dem gleichen Kurs gehandelt hat wie heute. Der Betrachtungszeitraum einer Sache ist immer relativ und kann die Geschichte erzählen, die der Autor gerne erzählen möchte. Genauso, wie ich als Autor dieses Artikels frei darüber entscheiden kan, auf welche Punkte des Blog-Beitrags ich genauer eingehen möchte, und welche ich unkommentiert lasse.

Was ist mit den letzten drei Jahren? Da stand Bitcoin auf ca. 6.000 - sprich er handelt heute 250% höher - und somit stehen solche Aussagen immer relativ dazu, was man zum Ausdruck bringen möchte. In diesem Fall möchten die Autoren ein schlechtes Licht auf Bitcoin werfen, da bedient man sich am besten des stark gefallenen Kurses dieses Jahr.

For bitcoin proponents, the seeming stabilization signals a breather on the way to new heights.

Gleicher Kommentar. Die "scheinbare" Stabilität wird hier in einem implizit negativen Kontext gebraucht. Allerdings ist die Volatilität seit Juli relativ stabil und im Vergleich z.B. zum S&P500 (bis auf die FTX-Kerze Anfang November) sogar fast unbewegt.

More likely, however, it is an artificially induced last gasp before the road to irrelevance – and this was already foreseeable before FTX went bust and sent the bitcoin price to well below USD16,000.

Wenn die Autoren von "artificially induced" sprechen, implizieren sie damit, dass es irgendeine zentrale Kraft gibt, die den Kurs beeinflussen kann. Wenn das so wäre, dann würde der Kurs irgendwo in luftiger Höhe schweben und sich nicht unter 20.000 US Dollar einpendeln.

Sprechen wir über die "road to irrelevance", lieber Euro. Als gescheitertes Großprojekt der 90er Jahre sitzen wir nun vor dem Scherbenhaufen, der mal das strahlende Aushängeschild des gemeinsamen Projekts Europa war. Wenn der Euro stabil, sicher und relevant wäre, warum bewerben dann Leute wie Bindseil und Schaaf ein neues Projekt in Form einer Euro-CBDC? Der Unterschied zwischen Euro und Bitcoin ist, dass man frei wählen kann, Bitcoin zu nutzen. Wenn sich immer mehr Leute dazu entscheiden, Bitcoin zu nutzen, dann ist das eine aktive Entscheidung FÜR Bitcoin und GEGEN den Euro (oder andere Fiat-Währungen), obwohl diese Entscheidung zusätzlichen Aufwand bedeutet. Niemand in der Euro-Zone entscheidet sich täglich dafür, Euro zu nutzen, es ist de facto das System in dem wir leben, dass uns die Nutzung der Währung vorgibt.

FTX hatte nichts mit Bitcoin zu tun. Wie wir schon mehrmals besprochen haben, war FTX ein Shitcoin-Casino mit 1.1 bitcoins Rücklagen in der Bilanz. Der im November entstandene Preisdruck resultierte lediglich aus der plötzlichen Angst gegenüber Börsen im Allgemeinen und der Presse, die FTX immer wieder in Zusammenhang mit Bitcoin gestellt hat, da immer noch nicht vernünftig zwischen Bitcoin und Krypto differenziert wird. Der Preis fiel "well below" 16.000 US Dollar - auf 15.883 US Dollar - übrigens nur vier Tage nachdem der Euro wieder mehr wert war als der US Dollar (Volatilität im zweistelligen Prozentbereich ist dem Euro also auch nicht unbedingt fremd).

Bitcoin is rarely used for legal transactions

Wenn das Senden von Peer-to-Peer Transaktionen ohne Zwischenhändler, wie die EZB oder andere Banken, automatisch eine illegale Transaktion darstellt, dann haben Bindseil und Schaaf vermutlich recht. Ich frage mich allerdings, was die 36% der SMEs (Small and Medium Sized Entities) in den USA und die anderen tausenden Unternehmen weltweit, die Bitcoin-Zahlungen für ihre Waren und Dienstleistungen akzeptieren, dazu sagen?

https://99bitcoins.com/bitcoin/who-accepts

Ob eine Bitcoin-Transaktion illegal oder legal ist, hängt von den geltenden Gesetzen in einem Land ab. In denjenigen Gerichtsbarkeiten, in denen Bitcoin illegal ist (China, etc.), können die Gesetzgeber sagen, dass jede in Bitcoin getätigte Transaktion illegal ist. In Gerichtsbarkeiten, in denen das nicht der Fall ist, bestimmt jedoch nicht das Zahlungsmittel die Legalität der Transaktion, sondern der Zweck. Wenn ich zum Opernplatz gehe und mir dort Drogen kaufe, werde ich mit relativ hoher Wahrscheinlichkeit vom "Händler" einen Tageskurs in Euro genannt kriegen und die "Ware" auch mit diesem bezahlen - so wie das vermutlich 99% aller Käufer von Dienstleistungen dieser Art in ganz Europa tun. Das macht den Euro aber nicht zum Zahlungsmittel für Kriminelle.

Bitcoin was created to overcome the existing monetary and financial system. In 2008, the pseudonymous Satoshi Nakamoto published the concept. Since then, Bitcoin has been marketed as a global decentralised digital currency.

Semantik, aber man könnte Argumentieren, dass Bitcoin Geld (money/cash) ist, was es nicht ist, aber es ist bestimmt keine Währung (currency).

However, Bitcoin's conceptual design and technological shortcomings make it questionable as a means of payment: real Bitcoin transactions are cumbersome, slow and expensive. Bitcoin has never been used to any significant extent for legal real-world transactions.

Jetzt müssen sich die beiden aber mal entscheiden. Ist Bitcoin jetzt eine Währung oder ein Zahlungsmittel? VWL für Einsteiger: Zahlungsmittelfunktion ist eine der verschiedenen Funktionen des Geldes.

Die Zahlungsmittelfunktion von Bitcoin ist unbestreitbar. Was Bindseil und Schaaf hier präsentieren wollen, ist das alte und ausgediente Argument, dass Bitcoin zu langsam und zu teuer ist. Wenn ich einem Freund Euro schicken will, diese dazu in ein Paket stecke und mit der Post nach Frankreich schicke, dann ist das auch langsam und teuer. Allerdings haben pfiffige Ingenieure Dienste wie Paypal, SEPA oder andere Zahlungsmittel erfunden, mit denen das Senden von Euros schnell und günstig geht. Genau wie bei Lightning - dem Zahlungsmittel für Bitcoin-Transaktionen, die schnell und günstig getätigt werden müssen. Aber auch On-Chain-Transaktionen sind möglich und bei größeren Summer sogar ratsam. Das tägliche Transaktionsvolumen in US Dollar gemessen beträgt momentan um die 1,7 Milliarden, zu Spitzenzeiten hat das Netzwerk ein tägliches Volumen von 14 Milliarden auch hinbekommen.

Auf das Jahr gemessen, hat Bitcoin sogar mehr Volumen als z.B. American Express erreicht. Nicht so schlecht für ein "fragwürdiges, langsames und sperriges Zahlungsmittel".

https://www.linkedin.com/pulse/nydig-research-weekly-bitcoin-surpasses-amex-annual-transaction-/

In the mid-2010s, the hope that Bitcoin's value would inevitably rise to ever new heights began to dominate the narrative. But Bitcoin is also not suitable as an investment. It does not generate cash flow (like real estate) or dividends (like equities), cannot be used productively (like commodities) or provide social benefits (like gold). The market valuation of Bitcoin is therefore based purely on speculation.

"Bitcoin produziert keine gesellschaftlichen Vorteile wie Cashflow oder Dividenden und kann nicht produktiv genutzt werden, wie Rohstoffe oder Gold." Muss es das denn? Wenn ich mich recht erinnere erzeugen die Euros auf meinem Konto weder über die von mir angesparte Menge hinaus zusätzlichen Cashflow (es sei denn negativer Cashflow zählt), noch bekomme ich Dividenden von der EZB (deren Wertpapier ich ja quasi horte), noch kann ich Euros produktiv und gesellschaftlich in dem von Bindseil und Schaaf aufgemachten Kontext nutzen. Was der Euro mir zur Zeit auch nicht bietet: Zensurresistenz, erlaubnisfreien Zugang ohne Regelgeber, eine festgesetzte Umlaufmenge und weltweiten kostenlosen und barrierefreien Zugriff auf meinen Besitz. Im Gegenteil, Fiat-Geld ruiniert viele Marktanreize, da mit dem Gelddruckerprivileg immer ein Käufer am Markt ist, der viel weniger Preissensitivität hat, als andere Marktteilnehmer. Dieser Käufer ist natürlich die Zentralbank, die aus allen möglichen Gründen Geld drucken kann und dies auch fröhlich tut.

https://x.com/ecb/status/1105494215381913601

Zentralbanken haben also keinen Anreiz, effizient zu handeln. In einer Fiat-Geldwirtschaft ist der Bank nicht besonders wichtig, wie sie handelt, da Geld im Überfluss vorhanden und die Bank nicht preisempfindlich ist. Das führt zu einer ungerechten Verteilung, falschen Anreizesystemen und letztendlich zu vielen gesellschaftlichen Nachteilen, wie Kaufkraftverlust, Rent-Seeking oder der Vernichtung von Spareinlagen. Selbst wenn Bitcoin keine gesellschaftlichen Vorteile mitbringen sollte, dann birgt es zumindest keine Nachteile, wie es das heutige System tut.

Wenn man das ganze in dem erzeugten Kontext von Bitcoin als Investment betrachtet, ist natürlich klar, warum Bitcoin mit anderen Anlageklassen verglichen wird, doch auch das wird hier von den Autoren in einem negativ konnotierten Zusammenhang getan, indem unterstellt wird, dass Bitcoins grundlegender Wert nur auf Spekulation fußt. Erst letzte Woche haben wir gesehen, dass über 66% aller sich im Umlauf befindlichen bitcoins von HODLer//innen gehalten werden, die diese seit über einem Jahr nicht bewegt haben. Man kann sogar die Kohorte weiter eingrenzen und sich die bitcoins anschauen, die in über drei Jahren nicht bewegt wurden (und meinetwegen sogar die >10 Jahre rausziehen, da diese als entweder verloren oder in Satoshis Besitz gerechnet werden dürften) und die Zahl ist immer noch 25%, also ein Viertel des gesamten Bestands wird von HODLer//innen gehalten, die Bitcoin als Langzeitinvestment sehen.

Speculative bubbles rely on new money flowing in. Bitcoin has also repeatedly benefited from waves of new investors.

Hier nennen Bindseil und Schaaf Bitcoin ein Schneeball-/ Pyramiden-System, also ein "Geschäftsmodell, das zum Funktionieren eine ständig wachsende Anzahl an Teilnehmern benötigt [...]. Vermeintliche Gewinne, beziehungsweise vielmehr Liquiditätsüberschüsse, entstehen fast ausschließlich dadurch, dass neue Teilnehmer in dem System mitwirken, eigenes Kapital einbringen oder erwirtschaften." Das bedeutet, dass Bitcoin nur an Wert gewinnen kann, wenn neue Anleger hinzukommen, um existierenden Investoren Gewinne auszahlen zu können. Es ist so albern, dass ich es gar nicht erklären möchte, aber alleine die Tatsache, dass jeder zu jedem Zeitpunkt sein "Investment" in Bitcoin mit Hilfe eines marktüblichen öffentlichen Preisfindungssystems verkaufen kann, macht doch Bitcoin automatisch weniger opak, als jegliche Anlagepapiere, die von Anlageberatern verkauft werden, deren einziges Ziel es ist, den Anleger mit Hilfe von Fachtermini und wichtig aussehenden Grafiken davon zu überzeugen eine wichtige und richtige Investition getätigt zu haben. Apropos Schneeballsystem. Ein System, in dem neue Einzahler hinzukommen, um existierenden Einzahlern "Gewinne" auszuzahlen? 🤔 Das Konzept kommt einem doch recht bekannt vor, oder? Hallo deutsches Rentensystem 👋🏼 Na wie lange wird das mit dir noch gut gehen?

The manipulations by individual exchanges or stablecoin providers etc. during the first waves are well documented, but less so the stabilising factors after the supposed bursting of the bubble in spring.

Okay, also erst wurde impliziert, Bitcoin sei ein Schneeballsystem, jetzt wird von dem Platzen einer Bubble gesprochen. Wenn die Blase "geplatzt" ist, muss sie per Definition weg sein. Meine Blase hat einen Zeitwert von fast 18.000 US Dollar pro Seifenblase.

Big Bitcoin investors have the strongest incentives to keep the euphoria going. At the end of 2020, isolated companies began to promote Bitcoin at corporate expense. Some venture capital (VC) firms are also still investing heavily. Despite the ongoing "crypto winter", VC investments in the crypto and blockchain industry totalled USD 17.9 billion as of mid-July.

Reden wir immer noch über Bitcoin oder geht es jetzt um Krypto? Weil wenn letzteres der Fall ist, können wir uns ja zurücklehnen und diejenigen argumentieren lassen, die sich mit dem Thema befassen. Aber mal Spaß beiseite. Wenn die EZB ihre CBDC herausgibt, wird diese dann auch bei Coinmarketcap oder Coingecko gelistet? Wo wird denn nach Auffassung der Autoren die Grenze zwischen Kryptoindustrie, Blockchainindustrie, Bitcoin, CBDCs und Digitalen Zahlungsanbietern gezogen?

Regulation can be misunderstood as approval

Large investors also fund lobbyists who push their case with lawmakers and regulators. In the US alone, the number of crypto lobbyists has almost tripled from 115 in 2018 to 320 in 2021. Their names sometimes read like a who's who of US regulators.

Gleicher Punkt wie davor. Wenn man sich die Verstrickungen von SBF und Mt. AlamedaFtx in die politische Einflusssphäre anschaut, wird einem tatsächlich beinahe schwummerig. Doch diese Einflussnahme auf politische Akteure geschieht hauptsächlich (ich will nicht ausschließen, dass es auch pro-Bitcoin gestimmte Einzelpersonen gibt) durch große Unternehmen, wie eben FTX, Binance, Coinbase, oder sogar Meta, die ihren Libra Token bewerben wollten. Keines dieser Unternehmen hat ernsthaft vor Bitcoins "Agenda" voranzutreiben, es sei denn ich habe was verpasst und der Chief-Marketing-Officer von Bitcoin hat doch noch kurzfristig Marketing- und Lobbying-Budget für solche Aktivitäten freigemacht.

But lobbying activities need a sounding board to have an impact. Indeed, lawmakers have sometimes facilitated the influx of funds by supporting the supposed merits of Bitcoin and offering regulation that gave the impression that crypto assets are just another asset class.

Geschmierte Politiker haben also "Regulierungen erlassen, die den Eindruck erwecken, Krypto-Assets seien nur eine weitere Anlageklasse." Abgesehen von der Vermischung, auf die ich schon hingewiesen habe, ist die Aussage wieder zu breit gefasst. Es gibt keine Krypto-Assets. Bitcoin ist eine Assetklasse, Krypto nicht. Wer mit NFTs handelt, handelt mit Kunst, also mit Gegenständen mit Sammlerwert. Wer mit Krypto handelt, handelt mit Wertpapieren, also Aktien oder Anleihen der jeweiligen Krypto-Unternehmen. Wer mit Bitcoin handelt, handelt weder mit Kunst oder Aktien (es gibt bei Bitcoin kein Unternehmen, das bitcoins herausgibt), noch mit Immobilien, Private Equity oder Staatsanleihen. Man könnte allerhöchstens noch behaupten, bei Bitcoin handele es sich um einen Rohstoff, allerdings ist es einfacher, Bitcoin einfach als eigene Anlage-/ Assetklasse zu betrachten.

Mit dem Thema der Regulierung werden wir uns nächste Woche noch weiter auseinandersetzen, denn darauf gehen die beiden Autoren noch weiter ein.

Yet the risks of crypto assets are undisputed among regulators.

Bitcoiner auch, Brüder, Bitcoiner auch. Wir alle sehen die Risiken bei Krypto-Werten, nur werde ich immer müder darauf hinzuweisen, dass Bitcoin und Krypto...😴💤😴💤😴💤

In July, the Financial Stability Board (FSB) called for crypto assets and markets to be subject to effective regulation and supervision commensurate with the risks they pose - along the doctrine of "same risk, same regulation".

Viele Gegner von Bitcoin und Krypto-Währungen verlangen immer nach stärkerer und härterer Regulierung. Die Börsen, an denen Bitcoin und Alt-Coins gehandelt werden, sind juristische eingetragene Personen, die Börsengesetzen unterliegen und sowohl den staatlichen als auch internationalen Anlegerschutzvorschriften unterliegen. Sie werden z.B. in Deutschland von der BaFin oder in den USA durch die CFTC (Commodity Futures Trading Commission) und der SEC (Securities and Exchange Commission) reguliert. Darüber hinaus haben die Dienstleister klare Nutzungsbedingungen und Benutzervereinbarungen, die man beim Öffnen eines Accounts einwilligen muss. Auf traditionellen Börsen, wie auch Börsen, die den Handel mit Bitcoin oder Altcoins erlauben, werden verschiedene Anlageklassen gehandelt. Diese werden je nach Natur der Anlageklasse auch reguliert, so zum Beispiel die Herausgabe von Anleihen oder Anteilscheinen. Die geschieht indem der Emittent dieser Papiere reguliert wird, deshalb ist das Argument mit Hinblick auf Krypto-Währungen sinnvoll, denn diese stellen ein Produkt dar, das von einer zentralen Person, einer Firma, einem DAO, etc. herausgegeben wird. Dies ist bei Bitcoin nicht der Fall. Bei Bitcoin handelt es sich um eine Anlageklasse ähnlich von Rohstoffen, deren Herausgabe nicht zentral geschieht. Ein vernünftiger Ansatz wäre zu sagen, wir müssen Bitcoin-Derivate, also z.B. Bitcoin-ETFs oder Bitcoin-Futures regulieren und überwachen, aber Bitcoin ist ohnehin schon fair und benötigt nicht die Genehmigung der Regierung, um zu funktionieren.

However, legislation on crypto-assets has sometimes been slow to ratify in recent years - and implementation often lags behind. Moreover, the different jurisdictions are not proceeding at the same pace and with the same ambition. While the EU has agreed on a comprehensive regulatory package with the Markets in Crypto-Assets Regulation (MICA), Congress and the federal authorities in the US have not yet been able to agree on coherent rules.

Okay, aber wo ist das Problem? Geben die Autoren hier Bitcoin (bzw. Krypto-Währungen) oder den US-Aufsichtsbehörden die Schuld? Die Regulierung von Börsen (siehe oben) und Stablecoins findet bereits statt. Dass keine einheitliche Koordinierung der Regulierungen über die EU respektive über MiCA (Markets in Crypto-Assets Regulation) hinaus besteht, ist dann wohl nicht Bitcoins Schuld.

The current regulation of cryptocurrencies is partly shaped by misconceptions. The belief that space must be given to innovation at all costs stubbornly persists.

Wenn Innovation zurückgehalten werden muss, liegt das daran, dass sie in einem Bereich neue Impulse setzt und Ideen schafft, der kaputt ist und einen Bedarf für Innovation kreiert. Wenn ein Schlüsselakteur in einem Bereich Innovationen von außen stoppen oder kontrollieren will, bedeutet dies nur, dass dieser (oft) Monopolist Angst hat und nicht mit dem Herausforderer auf Augenhöhe konkurrieren kann. In einem normalen Marktsystem gewinnen die besten Produkte. Nicht die politischen Produkte. Nicht die Produkte, die die meisten Menschen beschäftigen. Die besten Produkte gewinnen, weil sie die Bedürfnisse und Wünsche von mehr Menschen befriedigen. Wenn der amtierende Betreiber oder Anbieter eines Produkts oder einer Dienstleistung seine Vormachtstellung gefährdet sieht und dann auch noch die Möglichkeit besitzt, diese Stellung mit Hilfe von Gesetzen und Regeln abzuschirmen, werden Neueinsteiger und Herausforderer mit regulatorischen Kosten belastet. Denn Regulierung hat zwei Funktionen, entweder eine Regulierung, um etwas zu verbieten, oder eine Regulierung, um einzuschränken, um es zu kontrollieren. Im Falle von Bitcoin wird die EZB versuchen, das Bitcoin-System einzuschränken und mit ihm zu koexistieren, da ein komplettes Verbot nicht durchsetzbar ist. In beiden Fällen ist die Regulierung die Anerkennung von Bitcoin und die Genehmigung seiner Existenz durch die Gesetzgebung.

Since Bitcoin is based on a new technology - DLT / Blockchain - it would have a high transformation potential.

Das Prinzip Blockchain im Zusammenhang mit dem Double-Spend Problem basiert auf Bitcoin und nicht andersherum. Satoshis Whitepaper erwähnt Blockchain nicht mit einem Wort. Blockchains wurden in verschiedenen Formen lange vor Bitcoin erforscht, entwickelt und genutzt. Doch die heute gebräuchliche Verwendung des Begriffs im Zusammenhang mit digitalen Währungen geht auf Bitcoin zurück.

Firstly, these technologies have so far created limited value for society - no matter how great the expectations for the future.

Blockchain und DLT (Distributed Ledger Technology) waren sehr große Hype-Themen in der Zeit der ICO-Blase und haben tatsächlich bisher nur begrenzten Wert für die Gesellschaft erzeugt. Es gibt viele Projekte rund um z.B. Lieferkettenmanagement, Produktidentifikationsmanagement und Spenden- oder Hilfsgüterverfolgung, doch alle Projekte scheitern an der ganz einfachen ersten Hürde: Der Schnittstelle zwischen realer Welt und digitaler Blockchain. Außerdem sind träge und arbeitsintensive Blockchains in den allermeisten Fällen die schlechtere Alternative zu performanten Datenbanken.

https://www.wsj.com/articles/blockchain-is-much-more-than-crypto-david-solomon-goldman-sachs-smart-contracts-11670345993

"Using blockchain, we’ve been building trading platforms where clients can trade with each other in minutes. By cutting down each trade’s processing time from hours or even days, we’re freeing up capital that would otherwise be locked in limbo." - David Salomon, CEO Goldman Sachs

Ich bitte darum, dass mir jemand erklärt, was GS auf ihrer PRIVATEN Blockchain machen, das sie nicht schneller, kostengünstiger und effizienter mit einer normalen Datenbank lösen könnten?

Die gesellschaftlichen Vorteile von Bitcoin haben wir bereits letzte Woche besprochen, doch weil sie so schön sind, wollen wir sie noch einmal aufführen: Bitcoin bietet Möglichkeiten, die andere Zahlungssysteme, physisches Bargeld und Gold nicht bieten können: Das weltweite Versenden erlaubnisloser (im Sinne von "nicht durch Dritte kontrolliert") Zahlungen oder dem uneingeschränkten und weltweiten Zugriff auf selbst verwahrtes Eigentum. Diese Attribute erreicht Bitcoin durch das Koppeln von physischer Energie mit dem digitalen System in einem breiten und dezentralisierten Netzwerk, das größer ist als alle anderen bekannten Implementierungen und damit eine höhere Liquidität und Robustheit aufweist als alle vergleichbaren Lösungen.

Secondly, the use of a promising technology is not a sufficient condition for an added value of a product based on it.

Also im letzten Paragraph sagen die Autoren, Blockchain sei nutzlos, jetzt sagen sie, Blockchain sei vielversprechend. Aber selbst wenn Blockchain vielversprechend ist, bedeutet es immer noch nicht, dass ein darauf basierendes Produkt automatisch Mehrwert schafft.

The supposed sanction of regulation has also tempted the conventional financial industry to make it easier for customers to access bitcoin.

"Aber wo ist jetzt der Diss? Ich peil's nicht mal."

This concerns asset managers and payment service providers as well as insurers and banks. The entry of financial institutions suggests to small investors that investments in Bitcoin are sound.

Okay, erstmal Schaaf und Bindseil-Hut aufsetzen, um das Argument nachzuvollziehen.

Vermeintlich fehlende Regulierung führt dazu, dass sich Vermögensverwalter, Zahlungsdienstleister, Versicherungen und Banken mit Bitcoin beschäftigen und somit Retail- und Kleinanlegern suggerieren, Investitionen in Bitcoin seien solide und sicher. Soweit die Annahme. Aber kritisieren die Autoren jetzt die fehlende, bzw. nicht weltweit abgestimmte Regulierung, kritisieren sie die Finanzinstitute, oder kritisieren sie Bitcoin? Wenn die größten und mächtigsten Institutionen in Bitcoin investieren und ihre Sorgfaltspflicht erfüllen, ist dies vielmehr ein Zeichen dafür, dass sie etwas in Bitcoin sehen, dass sie dazu bewegt einen Teil ihres (Kunden-) Vermögens in diese Technologie zu stecken. Wenn kleinere Investoren folgen, geschieht dies auf eigenes Risiko. Niemand ist gezwungen, in Bitcoin zu investieren, und die meisten Menschen, die es nicht verstehen, investieren tatsächlich nicht, bis sie die Risiken verstehen, oder sogar die Risiken verstehen, die ein fehlendes Investment in Bitcoin birgt.

It’s also worth noting that the Bitcoin system is an unprecedented polluter.

Das Lieblingsthema aller Bitcoin-Kritiker. Bitcoin ist ressourcenintensiv, was automatisch negativ ist. Bitcoin ist maßgeblich an der Umweltverschmutzung beteiligt, etc. Ich möchte an dieser Stelle einfach auf einen vorherigen Artikel verweisen, der sich mit diesen Anschuldigungen detailliert auseinandersetzt.

https://www.genexyz.org/post/17-block-760554-energie-fud-l49hjc/

First, it consumes energy on the scale of entire economies. Bitcoin mining is estimated to consume electricity per year comparable to Austria.

Super, freut uns für Bitcoin, dass sich so viele Miner finden, die es für sinnvoll erachten elektrische Energie in den Betrieb von Bitcoin-ASICs zu stecken und somit die Endgültigkeit von Transaktionen weiter vorantreiben und damit das Netzwerk am Laufen halten. Die Menge des Stromverbrauchs alleine sagt überhaupt nichts darüber aus, ob dies gut oder schlecht ist. Stromverbrauch ist per se erstmal gut, denn es zeigt, dass eine Gesellschaft in der Lage ist Ressourcen in Energie und Energie in Produktivität und die Erzeugung von Wohlstand zu verwandeln. Wenn es Strom benötigt, um die sicherste und zuverlässigste monetäre Technologie zu betreiben, die wirklich dezentralisiert auf mathematischen Regeln beruht und seinen Nutzern ermöglicht ihr Vermögen in kompletter Selbstverwahrung zu sichern und mit dem Betrieb eines eigenen Netzwerkknotens (Full-Node) sogar zusätzliche Sicherheit zu erzeugen, dann ist das in meinem Buch eine gute Kosten-Nutzen-Rechnung.

Second, it produces mountains of hardware waste. One Bitcoin transaction consumes hardware comparable to the hardware of two smartphones. The entire Bitcoin system generates as much e-waste as the entire Netherlands. This inefficiency of the system is not a flaw but a feature. It is one of the peculiarities to guarantee the integrity of the completely decentralised system.

Verbraucherzyklen im Zusammenhang mit elektronischen Geräten und dem daraus resultierenden "e-Waste" stellt tatsächlich ein sehr legitimes Verschmutzungsproblem dar. Allerdings trägt Bitcoin nur zu einem winzigen Bruchteil des Problems bei. Jedes Jahr werden etwa 40 Millionen Tonnen Elektroschrott entsorgt (laut Buchstabensuppen-Behörde EPA), Bitcoin trägt nach Schätzungen 30.000 Tonnen dazu bei (laut BBC). Kurz den Taschenrechner (derselbe aus der Oberstufe, der den Verbraucherzyklus bisher gut überstanden hat) gezückt, 30.000 durch 40.000.000 geteilt und siehe da, das sind nur 0,075 % des jährlich produzierten Elektroschrotts. Beide Links habe ich auf der ersten Google-Ergebnisseite gefunden, als ich nach "global e-waste production" und "bitcoin mining e-waste" respektive gesucht habe. Ähnlich wie beim Energieverbrauch also wieder das gleiche Thema, natürlich wäre es besser, wenn Bitcoin keine 30.ooo Tonnen Elektroschrott produzierte, allerdings tendiert die Kosten-Nutzen-Rechnung auch hier wieder stark auf Bitcoins Seite. Es gibt weitaus mehr Elektroschrott, der für weniger gesellschaftlich relevante Anwendungsfälle produziert wird.

Wenn man in folgendem Satz das Wort Ineffizienz mit Konzeption ersetzt, treffen die Autoren das Design von Bitcoin sehr treffend auf den Punkt: "Diese Konzeption des Systems ist kein Fehler, sondern ein Merkmal. Es ist eine der Besonderheiten, die Integrität des vollständig dezentralisierten Systems zu gewährleisten." Finde ich auch, gut erklärt, liebe Autoren.

Promoting Bitcoin bears a reputational risk for banks

Since Bitcoin appears to be neither suitable as a payment system nor as a form of investment, it should be treated as neither in regulatory terms and thus should not be legitimised.

Was denn jetzt? Ihr müsst euch schon für einen der Umschläge entscheiden, meine Lieben.

Gerade eben wurde die fehlende Koordination bei der Regulierung bemängelt und dass eine fehlende Regulierung dazu führe, dass Kleinanleger getäuscht würden und sich in einem sicheren Hafen wögen, jetzt wird nach keiner Regulierung gerufen. Wie ich bereits gesagt habe, ist Regulierung die Anerkennung von Bitcoin und die Genehmigung seiner Existenz durch die Gesetzgebung. Das scheinen am Ende des Artikels auch die Autoren bemerkt zu haben und fordern ein komplettes Verbot, auf Grund mangelnder Klassifizierungsmöglichkeit als Investition oder Zahlungssystem. Da es sich bei Bitcoin weder um das eine, noch das andere handelt, sollte sich entweder Gedanken gemacht werden, dass die aktuelle Gesetzgebung unvollständig ist und zu langsam den technologischen Fortschritt abbildet, oder genau dieses Ausschlussverfahren zur Klassifizierung dafür sorgt, dass Bitcoin nicht unter die üblichen Kriterien fällt und somit nicht in den in den Geschäftsbereich Marktinfrastrukturen und Zahlungsverkehr fällt.

Similarly, the financial industry should be wary of the long-term damage of promoting Bitcoin investments - despite short-term profits they could make (even without their skin in the game).

*Close 2022 Stand 21.12.

Zunächst mal die Frage, wie man kurzfristige Gewinne definiert. Nehmen wir an, alles unter einem Jahr ist ein kurzfristiger Gewinn, dann könnte man behaupten, dass Bitcoin gar nicht mal so schlecht performt. Natürlich ist die Sicht wieder willkürlich, doch möchte ich zeigen, dass es bisher nur drei Jahre gab, in denen man am Ende des Jahres schlechter dastand als zu Beginn. (Wer übrigens in der Grafik ein Muster zu erkennen meint, kann sich schonmal auf 2023 einstellen 🤔)

The negative impact on customer relations and the reputational damage to the entire industry could be enormous once Bitcoin investors will have made further losses.

Das Argument zunächst mal wieder erklärt. Die Finanzindustrie hat sich mit Bitcoin beschäftigt und bietet Kunden und Partnern den Handel, Dienstleistungen und andere Investitionen in Bitcoin an. Deshalb könnten sie langfristig gesehen ihren Ruf schädigen, sobald Bitcoin-Investoren (also die Kunden der Institute, die mit Hilfe dieser Institute Zugang zu Bitcoin bekommen haben, nehme ich an) Verluste einfahren. Ich verstehe das Argument, aber ich verstehe den Zusammenhang mit Bitcoin nicht. Wenn ein Finanzinstitut seiner Kundschaft zu einer Investition jeglicher Form rät, muss diese doch vorher ihrer Sorgfaltspflicht nachgehen und den Kunden über alle möglichen Risiken aufklären. Das ist nicht nur bei Bitcoin so, sondern sollte bei allen Anlageklassen der Fall sein. Es sei denn, die Autoren versuchen nicht Bitcoin zu beschuldigen, sondern denken, dass alle Finanzinstitute, die sich mit Bitcoin beschäftigen, ihren Job nicht richtig machen und wollen diesen hier einen gut gemeinten väterlichen Rat geben?

Dieser letzte Abschnitt dient scheinbar gleichzeitig als Fazit des gesamten Artikels. Wobei viel Raum zur eigenen Interpretation gelassen wird. Wie wir sehen konnten, bedienen sich die Autoren im Prinzip der bekannten Argumente:

1. Bitcoin ist volatil und spekulativ und damit weder als Zahlungsmittel noch als Investitionsklasse zu gebrauchen 🥱
2. Bitcoin wird nur von Kriminellen verwendet, denn Bitcoin-Zahlungen sind illegal 🤡
3. Bitcoin hat keinen gesellschaftlichen Wert 😶‍🌫️
4. Bitcoin ist ein Pyramidensystem, in dem große globale Finanzinstitute und VCs mitwirken 😗
5. Bitcoin ist Krypto und Krypto gehört reguliert 👮🏼
6. Bitcoin verschmutzt die Umwelt 🥱😴😵

Ich denke jedes einzelne dieser Argumente wurde in meinen vorherigen Artikeln, und von vielen, vielen, vielen anderen schon zu genüge thematisiert und widerlegt. In den letzten zwei Artikeln habe ich versucht, in einer detaillierten Analyse der einzelnen Argumente, die grobe Fehlbetrachtung und einseitige Auslegung von Gerüchten und Halbwahrheiten der Autoren aufzuzeigen.

https://uk.finance.yahoo.com/news/ecb-ban-crypto-bitcoin-ethereum-123751593.html

In das gleiche Horn, nur offensichtlicher als Unterstützung von EZB-CBDCs verpackt, bläst auch EZB-Kollege Fabio Panetta. Dieser fordert ein ganzheitliches Verbot von Krypto-Währungen und auch wenn er es nicht einmal namentlich nennt, ist klar, dass er in seiner Betrachtungsweise Bitcoin einschließt. Besonders amüsant sind Äußerungen wie "Trust cannot be replaced by religious faith in an algorithm" und dass stattdessen eine zentrale Steuerungsfigur für die Ausgabe von Währungen von nöten und plädierte deshalb dafür, dass die Zentralbanken ihre eigenen digitalen Währungen herausgeben. Und weil nicht nur Zentralbanken sicherer, risikofreier und zuverlässiger sind, als auf öffentlich einsehbaren mathematischen Open-Source-Algorithmen basierende Systeme, "arbeitet die EZB natürlich an einem digitalen Euro und erwägt gleichzeitig neue Technologien für die Zukunft der Großhandelsabwicklung in Zentralbankgeld.“

Anders gesagt, die EZB möchte ihren eigenen digitalen Euro (EZB CBDC), den sie direkt herausgeben kann, ohne durch die lästigen Banken wirken zu müssen. Damit kann die EZB direkt über die Gelder aller Euro-Zonen-Bürger bestimmen. CBDCs stellen, anders als Cash (Münzen, Scheine), programmierbares und transparentes Geld dar, mit dem sich die Herkunft des Geldes und somit alle historischen Daten (Art der Einnahmen, Legalität der Herkunft, Steuern bezahlt, Verbindungen zu anderen Menschen, etc.) sowie Daten über den Verwendungszweck (zukünftige Verwendung des Geldes) nachvollziehen lassen. In einer Welt, in der Cash durch CBDCs ersetzt wird, besitzen wir unser Geld nicht. Und weil das viele bestimmt nicht möchten, kann nachgeholfen werden.

https://www.mdr.de/nachrichten/welt/politik/bargeld-obergrenze-eu-staaten-100.html

In der EU wird man also bald nicht mehr Barzahlungen über 10.000 Euro tätigen dürfen.

In anderen Ländern, in denen CBDCs schon eingeführt wurden, aber von der Bevölkerung abgelehnt werden, wird zu noch drastischeren Mitteln, wie der Bepreisung von Bargeldentnahmen an Automaten, gegriffen. Wenig überraschend, dass Nigeria zum Beispiel auf Platz 11 der Länder in Bezug auf die Nutzung von Bitcoin und Stablecoins liegt, und das obwohl die Menschen dort kein Geld direkt von ihren Bankkonten an Börsen senden können, da dies dort verboten ist, da die Zentralbank des Landes, dort die eNaira CBDC eingeführt hat.

https://www.bloomberg.com/news/articles/2022-12-06/nigeria-limits-cash-transactions-to-push-enaira-and-other-payments

Wer in China sparen möchte, hat leider keine guten Karten, denn der digitale Yuan hat jetzt ein Verfallsdatum. Also los, liebe Chinesen, lauft los und gebt euer Geld ganz schnell aus, damit die Konjunktur angekurbelt wird und ihr auf gar keinen Fall Rücklagen habt, die euch erlauben, weniger zu arbeiten!

https://x.com/BitcoinMagazine/status/1601947889512620032

Wenn Regierungen den Zugang zu physischem Bargeld zunehmend einschränken, kann das also sehr schlimme Folgen haben. Es ermöglicht ihnen nämlich dann viel einfacher aus einer Reihe von Gründen den Zahlungsverkehr für Personen einzuschränken, die Konsumeigenschaften zu steuern, das Sozialverhalten in Form von monetären Anreizen zu lenken, oder den Zugang zu Bankkonten für gewisse Personen einfach zu sperren. Diese Gründe laufen dann wie immer unter dem Vorwand, die Nutzer//innen zu schützen oder ihnen zu helfen.

Heute schon werden in vielen Ländern Bankkonten eher willkürlich gesperrt und in vielen Fällen ist es für Menschen aus der Arbeiterklasse in Entwicklungsländern schwierig, überhaupt auf ein Bankkonto zuzugreifen, weil es sich für Banken nicht lohnt, so kleine Guthaben zu verwalten.

Bitcoin bietet eine dezentrale, offene, zensurresistente, unbeschlagnahmbare, frei zugängliche und private Alternative zu CBDCs. Bitcoin ist ein internationales Buchhaltungs- und Abwicklungsnetzwerk, das von keiner einzelnen Einheit kontrolliert wird, mit einer festen und sicheren Anzahl von bitcoins, die weltweit herumgeschickt werden können, ohne dass eine Validierung oder Erlaubnis durch Dritte erforderlich ist, es sei denn eine Person entscheidet sich aus Bequemlichkeitsgründen oder aus anderen Gründen dafür einen Dienstleister zu verwenden, der Aufgaben übernimmt.

Bitcoin has no CEO, leader, manager, boss, premier, commander, president, chairman, chief, controller, custodian, dean, director, supervisor, organizer, official, minister, judge, captain, overseer, and no person, government, or corporation is in control.

🫳🎤

---

In diesem Sinne, 2... 1... Risiko!‌

@ 4ba8e86d:89d32de4

A origem e o desenvolvimento do SearXNG começaram em meados de 2021, após o fork do conhecido mecanismo de metabusca Searx, inspirado pelo projeto Seeks. Ele garante privacidade básica ao misturar suas consultas com outras pesquisas, sem armazenar dados de busca. O SearXNG pode ser adicionado à barra de pesquisa do navegador e também configurado como mecanismo de busca padrão.

Embora o SearXNG não ofereça resultados tão personalizados quanto o Google, ele não gera um perfil sobre você. Controle Total sobre Seus Dados: com o SearXNG, você tem controle absoluto sobre suas informações de pesquisa. O histórico de busca é totalmente opcional e pode ser ativado ou desativado conforme sua preferência. Além disso, é possível excluir qualquer entrada a qualquer momento, garantindo sua privacidade. Resultados de Fontes Diversificadas: o SearXNG agrega informações de mais de 70 fontes diferentes, proporcionando uma pesquisa mais abrangente e relevante. Em vez de se limitar a uma única fonte, você obtém uma visão mais ampla e detalhada das informações disponíveis.

O SearXNG respeita sua privacidade, nunca compartilha dados com terceiros e não pode ser usado para comprometer sua segurança.

O SearXNG é um software livre com código 100% aberto, e qualquer pessoa é bem-vinda para contribuir com melhorias. Se você valoriza a privacidade, deseja ser um usuário consciente ou acredita na liberdade digital, faça do SearXNG seu mecanismo de busca padrão ou instale-o em seu próprio servidor.

O SearXNG reconhece sua preocupação com logs, por isso o código-fonte está disponível para que você possa executar sua própria instância:
https://github.com/searxng/searxng

Adicione sua instância à lista de instâncias públicas.

https://searx.space/

para ajudar outras pessoas a recuperar sua privacidade e tornar a internet mais livre. Quanto mais descentralizada for a internet, maior será a liberdade para todos!

Lista de Instâncias Públicas https://searx.space/

Documentação de Instalação https://docs.searxng.org/admin/installation.html#installation

SeaxrXNG : Instalação , configuração e publicação.

https://youtu.be/zcrFPje6Ug8?si=oOI6dqHfHij51rvd

https://youtu.be/8WHnO9gJTHk?si=-5SbXUsaVSoSGpps

@ bdd3e068:8c0e6446

asdf

originally posted at https://stacker.news/items/459389

@ 5d4b6c8d:8a1c1ee3

After a crushing and bizarre loss, I'm surprisingly optimistic about the Raiders. This team has managed to be 2-10 despite having solid young players all over the roster, as well as a few elite guys.

A high-upside, possible franchise QB remains the top priority. WR, DT, and OT are the other premier positions that could really use some added talent.

Draft

Pick 2: QB Sheduer Sanders Pick 33: WR Isaiah Bond Pick 67: CB Jahdae Barron Pick 71: RB Quinshon Judkins Pick 103: DT Jordan Burch Pick 139: S Rod Moore Pick 179: G Jonah Monheim Pick 212: DE Antwaun Powell-Ryland Pick 216: LB Nick Martin Pick 218: OT Drew Shelton

While I didn't get to the lines early, I'd be very happy with this haul. We get our QB and a WR with a 1st round grade.

CB is a position where depth is badly needed and our RB room needs a major infusion of talent.

originally posted at https://stacker.news/items/792443

@ 2cde0e02:180a96b9

stencil graffiti

originally posted at https://stacker.news/items/791776

@ 2de0ffa0:b6bb72cc

🧠 Quote of the Week

“The experiment was to see how easy it was to split a large file into chunks, then upload those chunks to multiple blossom servers and reassemble them on another computer”. - npub1ye5ptcxfyyxl5vjvdjar2ua3f0hynkjzpx552mu5snj3qmx5pzjscpknpr from nevent1qqsx9l2j7g5t8llkm8r9d987er3hwj0gmrq4k09d88hzvq4ujysmksgpp4mhxue69uhkummn9ekx7mqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3vamnwvaz7tmjv4kxz7fwdehhxarj9e3xzmnyqgszv6q4uryjzr06xfxxew34wwc5hmjfmfpqn229d72gfegsdn2q3fgjwk96y

🧡 Top Nostr News

🎥 Decentralized Video Archiving with Novia

Novia provides a decentralized alternative to the centralized platforms dominating video content today. By using the Nostr ecosystem, Novia allows users to store videos locally, while only sharing essential metadata on Nostr relays. How Novia Works: Local Storage, Global Access: Videos are stored locally, with metadata like thumbnails and info shared via Nostr. Video Requests and Recovery: Users can request videos, which are then retrieved and uploaded to Blossom servers for access. Personalized Archiving: Users can build their own video archives and run services to manage them on their devices. Novia empowers users with a web app for browsing and a service for hosting personal video collections, offering a decentralized approach to video storage. Why Novia is Needed: Today, video content is monopolized by centralized platforms, limiting users' control. Novia changes this by enabling anyone to archive, share, and retrieve videos in a decentralized manner. The Vision: Novia is for video enthusiasts and archivists who want to preserve content while maintaining privacy. Using the Nostr protocol, Novia ensures video files remain local, with uploads only occurring when requested by users. Get Started: For more details and to contribute, visit the official Novia 🔗 GitHub repository. 🔗 Event: nevent1qqszpw0pa3u9ey6g6h65m3rztux0t0t38ddeslp55748rhwatjl40egpp4mhxue69uhkummn9ekx7mqzyzad8jq5fwtzut77fjfsrv09exp64xahq7tgw59lyxtarach7u0kknhg9wg

🌍 Nostr LATAM Tour

The Nostr LATAM Tour that happened the last couple of weeks has been an incredible success, thanks to the hard work and enthusiasm of npub1hz5alqscpp8yjrvgsdp2n4ygkl8slvstrgvmjca7e45w6644ew7sewtysa and the passionate Nostr community! 🎉 Over the last few weeks, they’ve brought Nostr to South America with events in Buenos Aires, São Paulo, and El Salvador. It was an unforgettable experience that highlighted the power of decentralized communication without the middlemen. At each event, the team onboarded dozens of new users, introducing them to the Nostr protocol and helping them make their very first posts. The community shared useful tips for newcomers, and one of the key things highlighted was the importance of hashtags like #introduction, which allows the broader Nostr ecosystem to engage with new users. The workshops were full of energy, with everyone excited to dive into this new world. People were thrilled by how easy it was to create their first Nostr account – some were up and running in less than a minute! The welcoming, supportive atmosphere throughout the events proved just how much the Nostr community cares about helping each other. It was inspiring to see so many people eager to join the movement, exchange ideas, and be part of something special. The buzz was palpable, and the spirit of collaboration was alive throughout each session. This was an amazing start, and there's so much more to come. The energy and passion from everyone involved will continue to drive the growth of Nostr across the region. Check out the video to relive the highlights of this journey and see the impact for yourself! 🙌 🔗 Event note12rjgue5g7uqtrkh2lv5wd44k900qglqe9yc942rmdydq7aaym3mqmt7a8v

📺 Nostr on TV

Why Nostr Will Win with npub16c0nh3dnadzqpm76uctf5hqhe2lny344zsmpm6feee9p5rdxaa9q586nvr -

npub16c0nh3dnadzqpm76uctf5hqhe2lny344zsmpm6feee9p5rdxaa9q586nvr is the founder and the CEO of primal.net. In this episode he discusses how Primal is enhancing the Bitcoin and Nostr experience by balancing sovereignty with user accessibility. The conversation covers the challenges between custodial vs. non-custodial wallets, the impact of the zapping economy on online interactions, and the role of mobile apps in mass adoption. npub16c0nh3dnadzqpm76uctf5hqhe2lny344zsmpm6feee9p5rdxaa9q586nvr explains how integrating Bitcoin into everyday apps and using Nostr’s web of trust can help tackle issues like spam while maintaining decentralized values. Could this approach onboard millions to Bitcoin seamlessly? Tune in to explore the game theory of Bitcoin in action.

🔗 video : https://www.youtube.com/watch?v=wsc2pRPuj3E

🛠️ Tools, Updates, and Releases

Pokey v0.1.2 - alpha

Pokey is a handy Android app that gives you notifications of new replies, mentions, zaps, DM’s and so. This newest release gives multi account support, so when you have multiple Nostr profiles you can receive notifications of all of them. Developed by: npub1v3tgrwwsv7c6xckyhm5dmluc05jxd4yeqhpxew87chn0kua0tjzqc6yvjh Source: https://github.com/KoalaSat/pokey

Amethyst v0.93.1 Update

Amethyst, a popular Android Nostr client, now supports NIP-22 for interactive story replies, improving comment threading. The DVM feed displays service costs and customization options. The update also fixes bugs related to Satellite's blossom uploads, video feeds, and enhances Hex encoder performance. Developed by: npub1gcxzte5zlkncx26j68ez60fzkvtkm9e0vrwdcvsjakxf9mu9qewqlfnj5z Source: https://github.com/vitorpamplona/amethyst

Servus v0.1.4

Servus is a minimalist social media server for personal websites, combining a CMS, Nostr relay, and file hosting into one executable. It lets you fully control your content and data, without relying on databases or web servers. It supports file hosting with Blossom and Nostr NIP-96 HTTP File Storage Integration, ensuring privacy and ownership. The 0.1.4 release improves Nostr filters.

Ideal for tech-savvy users who want a simple, self-hosted website solution with Nostr integration. It's not for beginners, as it requires basic knowledge of the command line and DNS.

Developed by: npub1xvdg698f7fqdu2qu5azwa6fu8xhw8p0zpp272qe7qex7kpn5ks5su3am9l Source: https://github.com/servus-social/servus

Corny Chat v2024.11

Corny Chat is an open-source audio space for real-time communication, integrating Nostr and Lightning to foster interactive audio rooms and personalized conversations. This release introduces Nostr Custom Emojis, enabling sticky emojis and reactions for a more engaging experience. The Animation Toggle improves performance on slower devices, making the app more accessible for all users.

Developed by: npub1yx6pjypd4r7qh2gysjhvjd9l2km6hnm4amdnjyjw3467fy05rf0qfp7kza Source: https://github.com/vicariousdrama/cornychat

Snort v0.3.0

Snort is a Nostr webclient designed for streamlined and efficient use, offering smooth performance and optimized functionality across multiple devices.

This release includes small performance tweaks, ensuring faster and more responsive interactions, making the app smoother and more efficient for users.

Developed by: npub1v0lxxxxutpvrelsksy8cdhgfux9l6a42hsj2qzquu2zk7vc9qnkszrqj49 Source: https://snort.social/

Voyage v0.17.1

Voyage is a lightweight Android client with a Reddit-like UI, designed for seamless browsing and organization. This release enhances data integrity by preventing empty lists from being saved and treating empty list pairs as deleted. It also resolves a critical issue causing crashes from duplicate IDs, ensuring improved stability and reliability for users.

Developed by: npub1useke4f9maul5nf67dj0m9sq6jcsmnjzzk4ycvldwl4qss35fvgqjdk5ks Source: https://github.com/dluvian/voyage

Amber v3.0.1

Amber is a Nostr event signer for Android.

This update introduces a new design, removes the push notification server, and improves permissions management. It also includes bug fixes for crashes, layout issues, and relay connectivity. Key new features: set a custom PIN for security, copy public keys easily, and better handling of NostrConnect messages and rejected events.

Developed by: npub1w4uswmv6lu9yel005l3qgheysmr7tk9uvwluddznju3nuxalevvs2d0jr5 Source: https://github.com/greenart7c3/Amber

Alby Lightning Browser Extension v3.10.0 – "Ice Clouds over a Red Planet"

Alby is a webbrowser extension for managing Nostr signing, Lightning payments and wallets. Version v3.10.0 introduces an Alby Hub Connector for seamless wallet upgrades, a notification banner for upgrade alerts, and a fee credits feature for managing transaction costs.

Alby is shifting toward its new self-custodial solution, the Alby Hub. If you’re using an Alby shared custodian wallet, heads up—big changes are coming. Starting January 4, 2025, Alby will discontinue its shared wallet service. If you have funds there, you’ll need to act before that date. This new option puts you in full control of your Bitcoin and Lightning payments. Plus, Nostr Wallet Connect is integrated right into the Hub for a smoother experience, and if you opt for the cloud version, you can even set up a custom Lightning and Nostr address. No more limits—and no more relying on a shared service.

Developed by: npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm Source: https://github.com/getAlby/lightning-browser-extension

Nostr Web Services (NWS) v0.2.0 - Pre-release

Nostr Web Services (NWS) is a tool designed to route TCP traffic over Nostr relays, enabling secure and reliable communication within a decentralized network. It uses the Nostr protocol, known for its censorship resistance, to allow users to establish connections and transmit data efficiently. The v0.2.0 (Pre-release) update of NWS brings improvements like better context handling, enhanced security with the switch from NIP-04 to NIP-44, and fixes to the dial function. It also updates public exit node routing, refactors exit node creation, and restructures the protocol package for better scalability and maintenance, improving stability and performance. 🔗 GitHub: https://github.com/asmogo Developed by: Npub16uq0cyx52lh2unczavzdw9dq2jphu69zutgpp9cnstz7zqtdex0qmcxla3.

🎁 Developer Tools, updates and Guides

Cherry Tree - Chunked blobs on Blossom 🌸

For developers working with files such as media, there is a pull request by Main blossom developer npub1ye5ptcxfyyxl5vjvdjar2ua3f0hynkjzpx552mu5snj3qmx5pzjscpknpr that explores how to split large files into chunks, upload them to multiple Blossom servers, and reassemble them on another computer. The experiment demonstrated that Blossom servers treat these chunks as ordinary binary blobs uploaded from a public key, with no inherent understanding that they are part of a larger file. However, this method isn’t inherently private since servers could potentially examine and piece together the data. Adding encryption to the client-side blobs would enhance privacy. It’s important to note that this is currently a PR and has not yet been accepted within the Blossom protocol. For more background, try exploring the author's post or discussing it with them. You can review the PR for details at GitHub: github.com/hzrd149/blossom/pull/51, or experiment using public Blossom servers listed at blossomservers.com. The project uses several packages, including Applesauce (hzrd149.github.io/applesauce/), rx-nostr (penpenpng.github.io/rx-nostr/en/), and blossom-client-sdk (npmjs.com/package/blossom-client-sdk). Author Public Key: npub1ye5ptcxfyyxl5vjvdjar2ua3f0hynkjzpx552mu5snj3qmx5pzjscpknpr

🚀 Introducing nostr-nsec-seedphrase: Simplifying nSec Handling for Developers! 🔑

Are you a Nostr developer tired of manually copying and pasting nSec seed phrases? Look no further! The nostr-nsec-seedphrase npm package streamlines the process, making it easier to save and work with nSecs. Whether you're developing a new app or enhancing an existing one, this tool offers simple seedphrase functionality, including HEX-to-nSec conversions—no more repetitive code. Explore the open-source project on GitHub: https://github.com/HumanjavaEnterprises/nostr-nsec-seedphrase.

NostrDVMstars v1.0.4 - Latest Release

NostrDVMstars is a Python-based Nostr NIP90 Data Vending Machine framework. Nostr can act as a marketplace for data processing, where users request jobs to be processed in certain ways (e.g., "speech-to-text", "summarization", etc.), but they don't necessarily care about "who" processes the data. Version v1.0.4 fixes a bug related to NIP44 encryption, improving bot stability and functionality. Developed by: npub1nxa4tywfz9nqp7z9zp7nr7d4nchhclsf58lcqt5y782rmf2hefjquaa6q8 Source: https://github.com/believethehype/nostrdvm

Nostr Spring Boot Starter v0.0.4

Nostr Spring Boot Starter is a framework for building Nostr-based applications with Spring Boot. This release introduces key updates, including support for Repost Events (NIP18), Nostr URI scheme (NIP21), and Relay List Metadata (NIP65). It also adds a new nostr-persona module and improves connection timeouts. Some breaking changes in method signatures for relay and event handling are included, making this update crucial for developers looking to take full advantage of the latest Nostr features.

Developed by: npub1zcuquyvd78s5le34gkq2uxjhq2xuh92wldddjjxkeldzp9ss6lrsa88ezf Source: https://github.com/theborakompanioni/nostr-spring-boot-starter

Nostr PHP v1.5.2

Nostr PHP is a PHP library designed for Nostr-based applications. This release addresses a critical issue with the gmp_pow method in the phpecc package, fixing the bug reported in PHP issue #16870. The update improves stability and compatibility, ensuring smoother functionality for developers using the package. Developed by: npub1qe3e5wrvnsgpggtkytxteaqfprz0rgxr8c3l34kk3a9t7e2l3acslezefe Source: https://github.com/nostrver-se/nostr-php

🔥 Community Highlights

🎙️ Thank For Nostr Podcast Highlights

npub1q6mcr8tlr3l4gus3sfnw6772s7zae6hqncmw5wj27ejud5wcxf7q0nx7d5, a Sovereign Engineering alum, OpenSats grantee, and Nostr developer. Also highlighted is npub1jlrs53pkdfjnts29kveljul2sm0actt6n8dxrrzqcersttvcuv3qdjynqn, the creator of the Coracle Nostr client and an OpenSats grantee. npub1jlrs53pkdfjnts29kveljul2sm0actt6n8dxrrzqcersttvcuv3qdjynqn focuses on designing healthier social networks and advancing this vision through Nostr. In the latest episode of the Thank For Nostr Podcast, npub1jlrs53pkdfjnts29kveljul2sm0actt6n8dxrrzqcersttvcuv3qdjynqn shares insights into his vision for a decentralized and meaningful social network, the principles guiding this work, and the role of Coracle in making it a reality. The podcast is produced by TGFB Media, an organization dedicated to educating Christians on Bitcoin’s potential for the glory of God and the good of humanity.

🌱 Ecosystem Growth

Nostr is growing fast! There are now over 45 Nostr clients, and relays are running in more than 40 countries around the globe.

During this week: Total zaps: 3,945,943 , compared to 3,909,750 zaps the week before Total posts: 441,169,786 , compared to 434,841,953 posts the week before Profiles with bio users: 8,133,703 , compared to 7,763,964 Profiles with bio users the week before

Many thanks to stats.nostr.band by npub1xdtducdnjerex88gkg2qk2atsdlqsyxqaag4h05jmcpyspqt30wscmntxy for providing these insights.

🎓 Educational Resources

No updates this week. If you have some input for the next recap about recent educational resources, please share it and I will add it in the next recap.

📅 Upcoming Events

Nostr at Tech Tuesday

📅 Date: Tuesday, December 17, 2024 - 7 PM – late EST 📍 Location: Seats2meet.com Utrecht CS, The Netherlands 🤹‍♀️ Organizers: npub1l77twp5l02jadkcjn6eeulv2j7y5vmf9tf3hhtq7h7rp0vzhgpzqz0swft, npub1qe3e5wrvnsgpggtkytxteaqfprz0rgxr8c3l34kk3a9t7e2l3acslezefe and npub1w98ems6ryhpv7zvmhwp5sv65p0pwrnvzw4lucn0ch776qan9ntdstscwpx 🔗 Tech Tuesday

Join npub1hw6amg8p24ne08c9gdq8hhpqx0t0pwanpae9z25crn7m9uy7yarse465gr at Tech Tuesday for an insightful session on Nostr, covering Epoxy (a framework for integrating technologies), Tollgate (a checkpoint mechanism for validating actions), and eCash (digital cash for secure transactions) as a shared topic. Don’t miss out on this great opportunity to learn more about Nostr technologies!

📅 Date: Tuesday, December 17, 2024 - 6:30 PM – 9:00 PM

📍 Location: Toronto, ON 🤹‍♀️ Organizer: npub1ek36rza32zjc8pec8daz6veyywv55xtemzaxr0saymd04a4r66eqpxphdl 🔗 https://www.meetup.com/blockchain-developers-canada/events/304910752 This beginner-friendly meetup will be a tutorial that will teach participants to create Nostr accounts, send and query events, send encrypted events, and obtain a Nostr Internet Identifier. The session will be in JavaScript, and attendees are encouraged to install Node.js and Git beforehand.

FOSDEM 2025

📅 Date: Saturday, Sunday, February 1–2, 2025 - CET 📍 Location: Brussels, Belgium 🤹‍♀️ Organizers: npub1qe3e5wrvnsgpggtkytxteaqfprz0rgxr8c3l34kk3a9t7e2l3acslezefe, npub1l77twp5l02jadkcjn6eeulv2j7y5vmf9tf3hhtq7h7rp0vzhgpzqz0swft , pub1hz5alqscpp8yjrvgsdp2n4ygkl8slvstrgvmjca7e45w6644ew7sewtysa , npub1nkmta4dmsa7pj25762qxa6yqxvrhzn7ug0gz5frp9g7p3jdscnhsu049fn , npub1r30l8j4vmppvq8w23umcyvd3vct4zmfpfkn4c7h2h057rmlfcrmq9xt9ma 🔗 Fosdem

FOSDEM is one of the biggest gatherings for open-source developers and enthusiasts worldwide, taking place each year in Brussels. It’s a free, community-driven event where thousands of devs, innovators, and Free and Open Source Software contributors come together to demo projects, host talks, and share ideas. It’s a key place for making meaningful connections, learning from each other, and pushing open-source tech forward.

For NOSTR being at FOSDEM is a natural fit. It’s the perfect stage to introduce the broader open-source community to Nostr’s potential—how it can replace centralized social platforms, bring true ownership of data back to users, and encourage a more resilient, open internet. Engaging with fellow open-source projects and developers at FOSDEM helps Nostr grow its ecosystem, fosters new collaborations, and gains valuable feedback. The protocol is all about grassroots development, community contributions, and evolving without the constraints of centralized platforms, which aligns perfectly with FOSDEM’s collaborative spirit.

📰 Nostr in the Media

NOSTR How and Why It Works

The Nostr protocol is transforming the way we think about social media by combining Bitcoin's cryptographic principles with decentralized communication. This innovative approach enables censorship-resistant platforms, offering users unparalleled freedom, privacy, and ownership in the digital age.

Speakers: npub147whqsr5vsj86x0ays70r0hgreklre3ey97uvcmxhum65skst56s30selt (YakiHonne), npub1c878wu04lfqcl5avfy3p5x83ndpvedaxv0dg7pxthakq3jqdyzcs2n8avm (LNbits, Nostr, Makerbits), npub1j8y6tcdfw3q3f3h794s6un0gyc5742s0k5h5s2yqj0r70cpklqeqjavrvg (BTCPayServer), npub1t6jxfqz9hv0lygn9thwndekuahwyxkgvycyscjrtauuw73gd5k7sqvksrw (Nostr Special Forces) Host: npub17plqkxhsv66g8quxxc9p5t9mxazzn20m426exqnl8lxnh5a4cdns7jezx0 (Nostr)

Watch the full panel discussion on YouTube : https://www.youtube.com/watch?v=5c7c7RugxiY

⚡ Most Zapped Last Week

Nostr’s Value4Value (V4V) model is all about plebs directly rewarding creators for the value they receive—no middlemen fees, no ads, just pure community-driven support using sats via the Bitcoin Lightning Network. Thanks to zaplife.lol by @pablof7z for providing this data. Here are the top zapped posts from last week, showcasing creators who received the most engagement:

🔥 Top 3: Most Zaps

1. My Bitcoin recap video also on nostr 🧡 I hope you like it.

Author: npub13jhh5jpak3sltvh5mxxc84edq8c6scuyhtkevfa7j568jrkkscysj7c5sq\ Zaps Received: 206 Sats Earned: 279k\ 🔗 event:

nevent1qqst4t56y3ul3emc6gd0g78rgn4ayz8glfdzdyjc27kltyy7svl8vqcpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqgdwaehxw309ahx7uewd3hkcqg5waehxw309aex2mrp0yhxgctdw4eju6t0qgsgetm6fq7mgc04kt6dnrvr6uksrudgvwzt4mvky7lf2drepmtgvzgapfeq8

1. grateful for the time, sacrifice, and dedication of all the bitcoin developers around the world.

Author: npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m Zaps Received: 121\ Sats Earned: 118k 🔗 event: nevent1qqs2c3pvyc62pna2cp8dsh457e4qjz5lzamwgjswaa97n0y3wg4fjwqpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqglwaehxw309a3ksmmjw4ejumtfddjkg6tvvajhytnrdakn5dp5xspzpq35r7yzkm4te5460u00jz4djcw0qa90zku7739qn7wj4ralhe4z6a79m6

1. What Bitcoin Did is Back!

Author: npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj\ Zaps Received: 79 Sats Earned: 17k 🔗 event:

nevent1qqsfq2cmyvxw94f7y08r3rd5ja2p20jju3lqtkft4zm492m0cpgsn7qpp4mhxue69uhkummn9ekx7mqppamhxue69uhkummnw3ezumt0d5pzp4ln5tvtwa6r8ynwyw2ax9vcjt5y0858r2qqusqlq3lmpzk30uetcepnf3

💰 Top 3: Most Sats

1. My Bitcoin recap video also on nostr 🧡 I hope you like it.

Author: npub13jhh5jpak3sltvh5mxxc84edq8c6scuyhtkevfa7j568jrkkscysj7c5sq\ Sats Earned: 279k\ Zaps Received: 206\ 🔗 event : nevent1qqst4t56y3ul3emc6gd0g78rgn4ayz8glfdzdyjc27kltyy7svl8vqcpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgqgdwaehxw309ahx7uewd3hkcqg5waehxw309aex2mrp0yhxgctdw4eju6t0qgsgetm6fq7mgc04kt6dnrvr6uksrudgvwzt4mvky7lf2drepmtgvzgapfeq8

1. 6 months ago I decided to try to get into a professional Muay Thai Fight 👀🥊

Author: npub1lelkh3hhxw9hdwlcpk6q9t0xt9f7yze0y0nxazvzqjmre3p98x3sthkvyz Sats Earned: 196k\ Zaps Received: 51\ 🔗 event :

nevent1qqst0fu00sezruj3c6xfqhcreegcmjdk75s8zyeh0y5xzsgutwpmx9szyrl8767x7uecka4mlqxmgq4duev48cst9u37vm5fsgztv0xyy5u6xft2c62

1. Author: npub126erv2p9an0a56d8qq3a2406xkh5qal7am0n4yp84r8ekz2cs7msj8wetv Sats Earned: 127k Zaps Received: 16 🔗 event :

nevent1qqs8ww46c3xukvwfcz6vlfu62dnzg62czpgm38udygvnd54j2uqspmgpzemhxue69uhhyetvv9ujumn0wd68ytnzv9hxgq3q26erv2p9an0a56d8qq3a2406xkh5qal7am0n4yp84r8ekz2cs7msvk63pr

👋 Stay in Touch & Zap

Nostr is built by the plebs, for the plebs. If you found this recap helpful, consider supporting me—Nomishka—with a zap. Right now, I’m in a tough spot: jobless and struggling to make ends meet. Most days, I’m barely able to afford food, and honestly, 210,000 sats per month would help provide a basic income to cover essential needs.

I’m committed to supporting Nostr, and I split a part of the zaps I receive for this note with the plebs mentioned in this recap for all their great effort. Thank you so much for being part of this journey. Let me know your thoughts about this first recap, share your tips and suggestions for the next weekly recap, and let’s keep #grownostr together.

Recap by npub19hs0lg9vyd0lghayeju5fnflx0melawjrl8etuqln9gkhd4mwtxq2t5jcn

@ 30ceb64e:7f08bdf5

Most people around me use culture as a groupthink device, to re-format their thoughts and speech. Like using chatgpt to spruce up an email.

When I say "culture" I mean some amalgamation of race, class, religion and political affiliation. And when i reference a speech device, I'm referring to the act of recalling information rather than using original thought.

Its safe and easy if appropriately learned. You enjoy the freedom of being de-responsiblized from your words and actions. And if surrounded by others in the same group, you can never be wrong. As long as you bend the knee your free to bask in the light of group mandated delusion.

Although some aspects of culture are beautiful and somewhat unavoidable, blind acquiescence to the maddening crowd is extremely dangerous. I'm constantly reminded of something like a death cult when I see the formation of keynsian, malthusian, socialist forces.

Our options seem to be

1. Become an individual Or
2. Worship Molach the Owl God

With that being said, I'm optimistic about the future, mainly due to the promise of Free Opens Source Software and Freedom Tech. I see a world rapidly approaching, where freaks are armed with extremely powerful tools to exercise their individuality, and this is in concurrence with transnational goons unpurposefully losing control over their situation (a situation in which they fight against deflation with force and lies).

In Conclusion, We ought to take more responsibility for our own thoughts and actions. We should be wary of the prison that culture constantly seems to place us in. Don't Worship Molach the owl god, and arm yourself with the proverbial rock and sling appropriate for felling giants.

originally posted at https://stacker.news/items/791741

@ e31e84c4:77bbabc0

Bitcoin and Fixed Income was Written By Wyatt O’Rourke. If you enjoyed this article then support his writing, directly, by donating to his lightning wallet: ultrahusky3@primal.net

Fiduciary duty is the obligation to act in the client’s best interests at all times, prioritizing their needs above the advisor’s own, ensuring honesty, transparency, and avoiding conflicts of interest in all recommendations and actions.

This is something all advisors in the BFAN take very seriously; after all, we are legally required to do so. For the average advisor this is a fairly easy box to check. All you essentially have to do is have someone take a 5-minute risk assessment, fill out an investment policy statement, and then throw them in the proverbial 60/40 portfolio. You have thousands of investment options to choose from and you can reasonably explain how your client is theoretically insulated from any move in the \~markets\~. From the traditional financial advisor perspective, you could justify nearly anything by putting a client into this type of portfolio. All your bases were pretty much covered from return profile, regulatory, compliance, investment options, etc. It was just too easy. It became the household standard and now a meme.

As almost every real bitcoiner knows, the 60/40 portfolio is moving into psyop territory, and many financial advisors get clowned on for defending this relic on bitcoin twitter. I’m going to specifically poke fun at the ‘40’ part of this portfolio.

The ‘40’ represents fixed income, defined as…

An investment type that provides regular, set interest payments, such as bonds or treasury securities, and returns the principal at maturity. It’s generally considered a lower-risk asset class, used to generate stable income and preserve capital.

Historically, this part of the portfolio was meant to weather the volatility in the equity markets and represent the “safe” investments. Typically, some sort of bond.

First and foremost, the fixed income section is most commonly constructed with U.S. Debt. There are a couple main reasons for this. Most financial professionals believe the same fairy tale that U.S. Debt is “risk free” (lol). U.S. debt is also one of the largest and most liquid assets in the market which comes with a lot of benefits.

There are many brilliant bitcoiners in finance and economics that have sounded the alarm on the U.S. debt ticking time bomb. I highly recommend readers explore the work of Greg Foss, Lawrence Lepard, Lyn Alden, and Saifedean Ammous. My very high-level recap of their analysis:

• A bond is a contract in which Party A (the borrower) agrees to repay Party B (the lender) their principal plus interest over time.

• The U.S. government issues bonds (Treasury securities) to finance its operations after tax revenues have been exhausted.

• These are traditionally viewed as “risk-free” due to the government’s historical reliability in repaying its debts and the strength of the U.S. economy

• U.S. bonds are seen as safe because the government has control over the dollar (world reserve asset) and, until recently (20 some odd years), enjoyed broad confidence that it would always honor its debts.

• This perception has contributed to high global demand for U.S. debt but, that is quickly deteriorating.

• The current debt situation raises concerns about sustainability.

• The U.S. has substantial obligations, and without sufficient productivity growth, increasing debt may lead to a cycle where borrowing to cover interest leads to more debt.

• This could result in more reliance on money creation (printing), which can drive inflation and further debt burdens.

In the words of Lyn Alden “Nothing stops this train”

Those obligations are what makes up the 40% of most the fixed income in your portfolio. So essentially you are giving money to one of the worst capital allocators in the world (U.S. Gov’t) and getting paid back with printed money.

As someone who takes their fiduciary responsibility seriously and understands the debt situation we just reviewed, I think it’s borderline negligent to put someone into a classic 60% (equities) / 40% (fixed income) portfolio without serious scrutiny of the client’s financial situation and options available to them. I certainly have my qualms with equities at times, but overall, they are more palatable than the fixed income portion of the portfolio. I don’t like it either, but the money is broken and the unit of account for nearly every equity or fixed income instrument (USD) is fraudulent. It’s a paper mache fade that is quite literally propped up by the money printer.

To briefly be as most charitable as I can – It wasn’t always this way. The U.S. Dollar used to be sound money, we used to have government surplus instead of mathematically certain deficits, The U.S. Federal Government didn’t used to have a money printing addiction, and pre-bitcoin the 60/40 portfolio used to be a quality portfolio management strategy. Those times are gone.

Now the fun part. How does bitcoin fix this?

Bitcoin fixes this indirectly. Understanding investment criteria changes via risk tolerance, age, goals, etc. A client may still have a need for “fixed income” in the most literal definition – Low risk yield. Now you may be thinking that yield is a bad word in bitcoin land, you’re not wrong, so stay with me. Perpetual motion machine crypto yield is fake and largely where many crypto scams originate. However, that doesn’t mean yield in the classic finance sense does not exist in bitcoin, it very literally does. Fortunately for us bitcoiners there are many other smart, driven, and enterprising bitcoiners that understand this problem and are doing something to address it. These individuals are pioneering new possibilities in bitcoin and finance, specifically when it comes to fixed income.

Here are some new developments –

Private Credit Funds – The Build Asset Management Secured Income Fund I is a private credit fund created by Build Asset Management. This fund primarily invests in bitcoin-backed, collateralized business loans originated by Unchained, with a secured structure involving a multi-signature, over-collateralized setup for risk management. Unchained originates loans and sells them to Build, which pools them into the fund, enabling investors to share in the interest income.

Dynamics

• Loan Terms: Unchained issues loans at interest rates around 14%, secured with a 2/3 multi-signature vault backed by a 40% loan-to-value (LTV) ratio.
• Fund Mechanics: Build buys these loans from Unchained, thus providing liquidity to Unchained for further loan originations, while Build manages interest payments to investors in the fund.

Pros

• The fund offers a unique way to earn income via bitcoin-collateralized debt, with protection against rehypothecation and strong security measures, making it attractive for investors seeking exposure to fixed income with bitcoin.

Cons

• The fund is only available to accredited investors, which is a regulatory standard for private credit funds like this.

Corporate Bonds – MicroStrategy Inc. (MSTR), a business intelligence company, has leveraged its corporate structure to issue bonds specifically to acquire bitcoin as a reserve asset. This approach allows investors to indirectly gain exposure to bitcoin’s potential upside while receiving interest payments on their bond investments. Some other publicly traded companies have also adopted this strategy, but for the sake of this article we will focus on MSTR as they are the biggest and most vocal issuer.

Dynamics

• Issuance: MicroStrategy has issued senior secured notes in multiple offerings, with terms allowing the company to use the proceeds to purchase bitcoin.

• Interest Rates: The bonds typically carry high-yield interest rates, averaging around 6-8% APR, depending on the specific issuance and market conditions at the time of issuance.

• Maturity: The bonds have varying maturities, with most structured for multi-year terms, offering investors medium-term exposure to bitcoin’s value trajectory through MicroStrategy’s holdings.

Pros

• Indirect Bitcoin exposure with income provides a unique opportunity for investors seeking income from bitcoin-backed debt.

• Bonds issued by MicroStrategy offer relatively high interest rates, appealing for fixed-income investors attracted to the higher risk/reward scenarios.

Cons

• There are credit risks tied to MicroStrategy’s financial health and bitcoin’s performance. A significant drop in bitcoin prices could strain the company’s ability to service debt, increasing credit risk.

• Availability: These bonds are primarily accessible to institutional investors and accredited investors, limiting availability for retail investors.

Interest Payable in Bitcoin – River has introduced an innovative product, bitcoin Interest on Cash, allowing clients to earn interest on their U.S. dollar deposits, with the interest paid in bitcoin.

Dynamics

• Interest Payment: Clients earn an annual interest rate of 3.8% on their cash deposits. The accrued interest is converted to Bitcoin daily and paid out monthly, enabling clients to accumulate Bitcoin over time.

• Security and Accessibility: Cash deposits are insured up to $250,000 through River’s banking partner, Lead Bank, a member of the FDIC. All Bitcoin holdings are maintained in full reserve custody, ensuring that client assets are not lent or leveraged.

Pros

• There are no hidden fees or minimum balance requirements, and clients can withdraw their cash at any time.

• The 3.8% interest rate provides a predictable income stream, akin to traditional fixed-income investments.

Cons

• While the interest rate is fixed, the value of the Bitcoin received as interest can fluctuate, introducing potential variability in the investment’s overall return.

• Interest rate payments are on the lower side

Admittedly, this is a very small list, however, these types of investments are growing more numerous and meaningful. The reality is the existing options aren’t numerous enough to service every client that has a need for fixed income exposure. I challenge advisors to explore innovative options for fixed income exposure outside of sovereign debt, as that is most certainly a road to nowhere. It is my wholehearted belief and call to action that we need more options to help clients across the risk and capital allocation spectrum access a sound money standard.

Additional Resources

• River: The future of saving is here: Earn 3.8% on cash. Paid in Bitcoin.

• Onramp: Bitcoin, The Emergent Asset Class

• MicroStrategy: MicroStrategy Announces Pricing of Offering of Convertible Senior Notes

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Bitcoin and Fixed Income was Written By Wyatt O’Rourke. If you enjoyed this article then support his writing, directly, by donating to his lightning wallet: ultrahusky3@primal.net

@ dff95033:862fbf40

DADOS BIBLIOGRÁFICOS

• Autor: Daniel J. Levitin
• Título: A Mente Organizada: Como Pensar com Clareza na Era da Sobrecarga de Informação
• Título Original: The Organized Mind: Thinking Straight in the Age of Information Overload
• Tradutor: Regina Lyra
• Editora: Objetiva
• Ano de Publicação no Brasil: 2015
• Ano de Publicação Original: 2014
• ISBN (Edição Brasileira): 978-8539006465
• Páginas: 512
• Gênero: Psicologia, Ciência Cognitiva, Desenvolvimento Pessoal

INTRODUÇÃO

"Não se pode confiar na memória porque o sistema de arquivamento do cérebro destreinado é uma porcaria. Ele pega tudo que acontece com você e joga de qualquer jeito num grande armário escuro — quando você entra lá procurando algo, só consegue achar as coisas grandes e óbvias, como a morte de sua mãe, ou então coisas de que realmente não precisa. Coisas que você não está procurando, como a letra de ‘Copacabana’. Você não consegue encontrar o que precisa. Mas não entre em pânico, porque ainda está lá.” (The Mentalist, citado por Daniel Levitin em A Mente Organizada)

Quando me deparei com o livro “A Mente Organizada”, de Daniel Levitin, impulsivamente o adicionei à minha lista de leitura — apenas para deixá-lo esperando por meses. É irônico que um livro sobre organização estivesse preso no caos da minha própria lista, não estranhamente em uma era dopamínica — onde cada notificação e distração competem para roubar nossa atenção. No entanto, ao finalmente mergulhar em suas linhas, percebi que a obra é uma verdadeira ode à capacidade humana de organizar o conhecimento e a informação.

ESTRUTURA E CONTEÚDO

Dividido em três partes, “A Mente Organizada” nos guia por um entendimento prático sobre a mente humana. A Parte Um apresenta o mecanismo de atenção do cérebro, explorando como ele lida com o fluxo incessante de informações e decisões. Levitin discute a importância da atenção e como ela é fundamental para processar a quantidade massiva de dados que enfrentamos diariamente. Ele argumenta que entender esses mecanismos é crucial para melhorar nossa capacidade de foco e eficiência.

A Parte Dois oferece estratégias que colaboram com esse mecanismo, ajudando a organizar nossos ambientes físico, profissional, social e temporal. Levitin sugere métodos práticos, como a categorização e a criação de listas, que podem facilitar a tomada de decisões e reduzir a sensação de sobrecarga informacional. A ênfase na organização do espaço físico e do tempo é particularmente relevante em uma era onde distrações são constantes. Com a estrutura bem definida, Levitin avança para aprofundar seu estilo e explorar a complexidade de transmitir conceitos desafiadores de maneira acessível.

Por fim, a Parte Três discute como preparar a próxima geração para enfrentar os desafios do mundo moderno, equilibrando organização e criatividade. Levitin enfatiza a importância da educação em habilidades organizacionais desde cedo, preparando os jovens para um futuro onde o gerenciamento eficaz da informação será ainda mais crítico. Essa abordagem não apenas prepara os jovens para um futuro de desafios, mas também nos faz refletir sobre o legado que estamos construindo hoje.

ESTILO E APROFUNDAMENTO

A verbosidade de Levitin pode parecer desafiadora em alguns momentos, mas são nestes pontos que reside o valor do livro. Sua escrita flui como ondas: ora simples e objetiva, ora densa e desafiadora. Essa variação mantém o leitor engajado e instigado, permitindo uma compreensão mais profunda dos conceitos apresentados. Cada nuance tem seu propósito, oferecendo ao leitor as bases para compreender plenamente a obra ou para instigar novas inspirações e perspectivas.

Levitin se esforça para tornar pesquisas e estudos sobre o tema acessíveis a um público amplo, evitando tanto a superficialidade quanto a complexidade excessiva. Essa abordagem é especialmente valiosa em um contexto onde muitos textos acadêmicos podem se tornar herméticos.

REFLEXÕES PESSOAIS

Como frisei no decorrer deste livro, o princípio fundamental da organização, o mais crucial para evitar que percamos ou esqueçamos as coisas, é este: descarregue do cérebro para o mundo externo o ônus de organizar." (A Mente Organizada, Daniel Levitin).

Ler A Mente Organizada foi um desafio que me obrigou a encarar a zorra informacional do dia a dia de frente. Não foi apenas uma leitura, mas um embate com os meus próprios hábitos e uma pausa necessária para questionar: estou realmente lidando bem com os estímulos ao meu redor? À deriva em águas turbulentas, precisei aceitar, com humildade, as ferramentas oferecidas pelo livro para enfrentar os desafios atuais.

Senti-me provocado a observar com mais atenção tudo o que carrego, tanto física quanto mentalmente. Quantas ideias, compromissos e pensamentos acumulados passam despercebidos, sem nunca encontrar um lugar ou um significado real? Esse convite à introspecção foi um lembrete poderoso de que, mais do que organizar o que está fora, preciso organizar o que está dentro — e isso começa com um olhar honesto, e sim, doloroso, sobre o impacto que o excesso tem em minha vida.

Esse foi o verdadeiro desafio: perceber que minha forma de organização precisava de um novo olhar. Não basta apenas acumular ideias; é essencial dar-lhes estrutura, conectá-las e transformá-las em algo maior — ou descartá-las, quando necessário. Entender as miríades que moldam meu pensar e agir foi fundamental, e, neste ponto, o livro foi nada menos que revelador. A estética, o particionamento e o naturalismo solidificam as minhas bases, transformando a organização em algo mais do que uma sistemática: ela se torna uma expressão de qualidade de vida e saúde.

CONCLUSÃO

A Mente Organizada é uma obra que, para alguns, será apenas um folhetim, enquanto para outros será um verdadeiro manancial de sabedoria. Mas, acima de tudo, o que Daniel Levitin nos oferece são possibilidades — um convite à lapidação dessa gema preciosa e instigante que é a busca por sermos melhores do que somos hoje. Se você chegou a este livro, consciente ou não, já deu o primeiro passo nessa jornada.

Assim, caro leitor, deixo em tuas mãos esta obra, singela em proposta, mas grandiosa em potencial. Que ela inspire sua apreciação e, acima de tudo, seu uso.

Fecho esta gaveta aqui e espero ter apreciado o que há dentro dela — ou não. Se trouxe alguma ordem à bagunça, compartilhe e, se puder, contribua com o café — porque até a organização precisa de combustível.

@ 35f3a26c:92ddf231

What is a Hardware Wallet / Seed Signer?

Most people call it "Hardware Wallet", which is inaccurate since it is not a wallet, it is a "Seed Signer"

Basically it is an electronic device with a simple user interface which guides you to introduce your seed words, once configured, you will use it in combination with your Bitcoin Wallet to sign transactions.

How does it works?

Once you are fully setup, if you try to send funds with your Bitcoin Wallet, you will be prompted to sign the transaction with your "Seed Signer", it will prompt you to introduce a PIN or a password or use a bio-metric identification, once you do so, the transaction will be broadcasted, without it, you will only be able to receive, not to send.

Are Seed Signers safe?

The answer is yes, but some more than others, you have to do your homework and choose wisely, here is a check list. I suggest you follow it before buying one:

• Uses a Chip Secure Element (SE), which is a chip that is protected from unauthorized access and stores confidential and cryptographic data
• It is Air Gap, which means that is physically isolated from unsecured networks, no Bluetooth, no WiFi, no USB connector. Only way to add information is via the user interface and for OS upgrades, a SSD card
• The OS in the device is FOSS (Free and Open Source Software)
• If the company offers a Bitcoin Wallet with the device, it should be as well FOSS
• It is build only for Bitcoin, no alt coins development in their products
• You can acquire the product directly from the company
• You can acquire the product with Bitcoin
• The company will agree to deliver to a PO-BOX or similar
• In case you pay the Seed Signer with a non secure methods which give away your full name and address, ensure that the company has a policy of deleting the client records after a short period of time to ensure your safety. If they get hacked, cyber criminals will know your name and address and probably target you

Any Recommendations?

I will suggest you do your own research and do not trust, verify. I am not affiliated or receive any income from any of the products mentioned below...

My favorites so far (yes, they check all the boxes I mentioned):

• "Passport" from Foundation (link: https://foundationdevices.com/ )
• "COLCARD" from Coinkite (link: https://coldcard.com/ )

If you known of any "Seed Signer" that passes the check list above and I didn't include it, please let me know in the comments, always looking forward to test new products.

Note: Important to understand that devices built with Raspberry Pi don't qualify since they do not pass the Chip SE

@ 7c765d40:bd121d84

Back in college, starfish carried a negative connotation.

It was a sexual reference for a girl (or guy) who wasn't very good in bed.

"She just kinda laid there like a starfish."

Hahaha.

Happy Monday morning!

Over the weekend, I was reading a book titled "Exploiting Chaos."

There was a section in the book titled "Become Leaderless."

The book was written back in 2009, so there was no mention of bitcoin.

Bitcoin was only known by select few at this point.

But it perfectly describes the bitcoin network.

The bitcoin starfish.

"When you pull off the arms of a spider, it dies.

In contrast, if you rip off the arms of a starfish, you'll get five new starfish.

This happens because the starfish have decentralized nervous systems."

Like a starfish, the bitcoin network is decentralized, united by ideology and a common set of rules.

If you attack one arm, it grows back even stronger.

We have seen this time and time again with bitcoin.

And it HAD to be this way.

Yes, bitcoin is a revolutionary technology - maybe the biggest innovation the world has ever seen.

But if it wasn't decentralized, it could be stopped.

Bitcoin has some pretty significant competition - the central banking system.

And we've seen many great technologies squashed over the last century by powerful competition.

You cannot stop bitcoin.

There is no head to chop off.

This is why we are starting to see both corporate and nation state adoption.

They have tried attacking bitcoin for 16 years.

Negative media coverage.

Government threats.

Mining bans.

Exchange hacks.

New and "improved" competitors.

All have failed.

Not only did they fail, but they made bitcoin even stronger.

The size of network, bitcoin adoption, and the price in fiat terms have all continued to rise - despite these attacks.

And every person, company, or country that joins the bitcoin network will make it stronger.

Keep in mind bitcoin is just a protocol.

It just kinda lays there, and lets everyone else do the work.

Very starfish like.

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PROJECT POTENTIAL - You can now find the expanded audio versions of these on the new podcast - Project Potential! I will be sharing the video versions here for the LITF members but you can also find it for free on Spotify and of course Fountain!

Here is the link to Episode 007 on Fountain: https://fountain.fm/episode/zSoJf6TLjkkMDhpokw4T

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Have a great day everyone! And remember, the only thing more scarce than bitcoin is time!

Jor

@ 2063cd79:57bd1320

Warum werden die vorhandenen Mittel einer öffentlich einsehbaren Blockchain nicht verwendet, um eine gewisse Sicherheit zu schaffen und ein Vertrauen in Dritte soweit zu reduzieren, dass man immerhin das gute alte Bitcoin-Meme "Don't Trust, Verify!" auf die Arbeit Dritter anwenden kann? Proof of Reserves (PoR) ist ein Ansatz, der von vielen als der neue Standard gesehen wird, der zumindest bei Handelsplattformen ein gewisses Grundvertrauen erzeugen soll. Doch wie genau funktioniert PoR und ist es wirklich so effektiv, wie es uns verkauft wird?

Wer sichergehen möchte, dass sich seine/ihre Guthaben bei Anbietern von Börsen, Handelsplattformen oder anderen Verwahrungsdienstleistern tatsächlich in Form von liquiden bitcoins in der direkten Kontrolle des Anbieters befinden, sollte a) seine Guthaben abheben und in die Selbstverwahrung gehen, oder b) zumindest mit einem Anbieter arbeiten, der Transparenz schafft und dem/der Kund//in ermöglicht zu überprüfen, dass die Einlagen wirklich vorhanden sind. Analog zum traditionellen Bankensystem lässt sich bei jedem Anbieter, ob über die Website, eine App oder sonstwie leicht ein Dashboard generieren, das einem sein Bitcoin-Guthaben anzeigt. Allerdings hat der/die Nutzer//in meistens keinen Einblick darüber, ob die angezeigte Menge Bitcoin auch wirklich im Falle eines Bankruns auszahlbar ist. So auch bei Banken. Ein Kontoauszug gibt lediglich Auskunft über das in der Banken-Datenbank gutgeschriebene Guthaben (oder Schuld), man bekommt aber keine Auskunft darüber, ob eine Bank auch die finanziellen Mittel besitzt, um alle Forderungen zu bedienen, sollten sich alle Kund//innen gleichzeitig entscheiden ihre Vermögen von den Konten abzuheben. Im Bankensystem spricht man von Fractional-Reserve-Banking ➡️ wer mehr darüber lesen möchte, kann sich den Artikel anschauen, in dem ich mehr über das Thema schreibe:

https://www.genexyz.org/post/11-block-752065-fractional-reserve-banking-wird-durch-bitcoin-obsolet-bdpznh/

Bei Bitcoin spricht man von Paper-Bitcoin oder Fake-Bitcoin. Hierbei handelt es sich um vermeintliche Bitcoin-Guthaben, die Nutzern von Börsen oder Handelsplattformen suggeriert werden, ohne dass die tatsächliche Menge Bitcoin verwahrt wird (ähnlich Fractional Reserve Banking). Ob die tatsächlichen Bitcoin wirklich vom "Verwahrer" gehalten werden, lässt sich (zumindest teilweise) mit ️Proof of Reserves überprüfen.

Wie wir letzte Woche festgestellt haben, bieten Blockchain-basierte Systeme (neben vielen anderen) den Vorteil, dass der Informationsfluss komplett transparent und öffentlich einsehbar ist. Im Gegensatz zum traditionellen Finanzsystem, befinden sich viele Daten, wie Adressen und Transaktionen, direkt auf der Chain und sind somit für jedermann jederzeit und von überall abrufbar. Dies schafft mehr Transparenz , da diese Daten nicht durch Dritte herausgegeben werden, sondern von jedem/r interessierten Nutzer//in direkt abgerufen werden können, und so kann in der Theorie jede Bewegung, aber auch jeder Kontostand nachverfolgt werden.

Anders als bei On-Chain-Analyse, die auf Heuristik besteht, um gewisse Trends oder Sentiments anhand von Daten aufzuspüren, ist die Prämisse bei Proof of Reserves ziemlich simpel: Die Adressen zeigen eine gewisse Menge von bitcoins oder nicht.

Doch wie veröffentlichen Dienstleister wie Börsen und Handelsplattformen diese Information über die Vermögenswerte, die diese für ihre Kund//innen verwahren? Im Idealfall verfügen die Anbieter über Mittel, die alle Vermögenswerte der Nutzer//innen zu 100% abdecken, und darüber hinaus noch zusätzliche Reserven für Notfälle. Einfach gesprochen bedeutet dies, dass jedesmal, wenn ein/e Nutzer//in Bitcoin einzahlt oder Bitcoin erwirbt, diese zusätzliche Menge Bitcoin direkt und in voller Höhe in den Reserven des Dienstleisters landet, um sicherzustellen, dass die Kundengelder vollständig abgedeckt und gesichert sind. Um Nutzer//innen die Möglichkeit zu geben nachzuvollziehen, dass die eigenen Vermögenswerte wirklich zu 100% durch Reserven abdeckt sind, nutzen Dienstleister sogenannte Merkle-Trees, die jedem/jeder Nutzer//in ermöglichen, seine/ihre Vermögensbestände mit seiner/ihrer eigenen generierten Merkle-Hash und Datensatz-ID zu überprüfen.

Was sind Merkle-Trees? 🌳

Um Merkle-Trees zu verstehen, muss man zunächst das Konzept von Hashes verstanden haben. Ein sicherer Hash-Algorithmus (auch SHA genannt) ist in der Kryptografie eine mathematische Formel, die eine Datenkette beliebiger Größe in eine feste Größe transformiert und komprimiert, die sich vollständig von den ursprünglichen Daten unterscheidet.

Beispiele:

• SHA1("The quick brown fox jumps over the lazy dog") Output: 2fd4e1c67a2d28fced849ee1bb76e7391b93eb12
• SHA1("The quick brown fox jumps over the lazy cog") Output: de9f2c7fd25e1b3afad3e85a0bd17d9b100db4b3
• SHA1("") Output: da39a3ee5e6b4b0d3255bfef95601890afd80709

Wie man an dem Beispiel erkennt, erzeugen die fast identischen Sätze, in denen nur das D in dog mit einem C ersetzt wurde komplett neue Hash-Werte, die aber in Größe identisch sind und sogar die gleiche Größe besitzen, wie zum Beispiel der Hash-Wert des Eingabe-Werts G.

In dem Beispiel oben sehen wir einen SHA-1 Hash-Algorithmus. Das Bitcoin-Protokoll bedient sich des SHA-256, eine von der NSA entwickelte Variante der SHA-2 Funktion, wobei die 256 die Länge der ausgegebenen Bitfolge angibt. Außerdem funktionieren SHA Funktionen als Einbahnstraßen, es gibt eine Eingabe (z.B. beliebiger Satz, oder Passwort) und es gibt eine Ausgabe (in Form eines Hash-Werts), es ist absolut unmöglich, die Eingabe eines Hash-Werts aus der Ausgabe neu zu erstellen.

Ein häufig gesehenes Anwendungsbeispiel ist die Verschlüsselung von Passwörtern. Anstatt das eigentliche Passwort des/r Nutzers//in zu kennen, muss ein Server nur den Hash-Wert dieses Passworts überprüfen. Dies schützt vor Angriffen auf Datenbanken der Unternehmen, da bei einem Angriff nur die Hash-Werte und nicht die tatsächlichen Passwörter preisgegeben werden.

Weiter zu Merkle-Trees 🦜

Das von Ralph Merkle entwickelte Konzept beschreibt im Prinzip eine Verkettung von Hash-Werten in Form eines umgekehrten Baums (auf deutsch auch Hash-Baum genannt). Die Hash-Werte stellen in dieser Datenstruktur die Blätter, oder Leaves dar (L1, L2, L3 und L4 im Diagramm). Die Wurzel des Baums wird als Top-Hash oder Root-Hash bezeichnet.

Der Vorteil dieser Datenstruktur liegt darin, dass alle Leaves veränderbar sind und dennoch an der Wurzel verifiziert werden können. Im Gegensatz zu einer flachen Struktur, in der man jede Veränderung separat nachvollziehen muss, kann man im Merkle-Tree den Top-Hash verifizieren und hat damit eine Garantie, dass jede darunterliegende Veränderung durchgereicht wurde. Besonders in einem Peer-to-Peer-Netzwerk kann somit sichergestellt werden, dass zwischen Peers gesendete Blöcke unverändert und unbeschädigt empfangen werden. Es ermöglicht damit, dass jeder Teil des Trees zur Verifizierung mit dem vertrauenswürdigen Top-Hash verglichen werden kann, um festzustellen, ob der Hash beschädigt oder sogar gefälscht ist.

In der traditionellen Buchhaltung wird die Intaktheit oder Unversehrtheit der Unternehmensbücher durch einen Wirtschaftsprüfer oder anderen vertrauenswürdigen Dritten attestiert. In einer perfekten Welt stellt dieser Prüfer die Garantie dafür, dass die geprüften Bücher vollständig und korrekt geführt sind, also Vermögen und Verbindlichkeiten korrekt eingegeben wurden. Allerdings stellen Bitcoin- und Kryptobörsen dieses System vor ein Problem, da die riesige Menge an Transaktionen in einem 24/7/365-offenen Markt von einem Prüfer nie zu jedem Zeitpunkt festgestellt werden kann, sondern wenn überhaupt punktuell. Anders gesagt, Prüfungen finden nur punktuell statt, also im Quartal, Halbjahr oder jährlich. Das gibt einem bösartig gesinnten Anbieter viel Zeit Kundengelder zu veruntreuen. Außerdem, ganz in guter Bitcoin-Manier, lautet eines der wichtigsten Credos:

☝️ DON'T TRUST, VERIFY!

Merkle-Trees bieten die einzige Möglichkeit den Nutzer//innen einen direkten Weg zur Überprüfung der Gesundheit / Vollständigkeit ihrer persönlichen Einlagen.

Doch auch bei Proof of Reserves auf Basis von Merkle-Trees gibt es einige Probleme. Zunächst mal ist das Konzept nicht einheitlich definiert. Es gibt Anbieter, die lediglich den Merkle-Root-Hash veröffentlichen, um damit zu zeigen, dass sie über mindestens soviel (im Idealfall sogar mehr) Bitcoin verfügen, wie von Nutzer//innen auf der Plattform verwaltet.

Ein Problem liegt darin, dass die Hash-Roots vom Unternehmen selbst veröffentlicht werden müssen. Dies allein birgt einige Risikos, denn Hash-Roots müssen häufig genug veröffentlicht werden, um ein Fehlverhalten durch den Anbieter auszuschließen. Wie wir anhand des Bildes oben erkennen können, wurde der letzte sogenannte Snapshot von Binance am 22. November veröffentlicht, also vor 3 Wochen. Darüber hinaus wird die Information von dem Unternehmen selbst auf seinem eigenen Medium (z.B. Website) veröffentlicht, was es für den/die Nutzer//in schwierig macht nachzuvollziehen, ob die Information allen Nutzer//innen identisch angezeigt wird.

https://x.com/jespow/status/1596227031637045248

Ein weiteres Problem liegt darin, dass Proof of Reserves in dieser Art lediglich einen Proof of Assets, also einen Beweis für vorhandene Vermögen, darstellt. Bei einer vollständigen Prüfung muss ein Unternehmen auch etwaige Verbindlichkeiten zum Nachweis der Zahlungsfähigkeit aufweisen, denn diese können in der Theorie die Höhe der Vermögen bei Weitem übersteigen (➡️siehe BlockFi mit Vermögen von 1 Milliarde US Dollar vs. Verbindlichkeiten in Höhe von 10 Milliarden US Dollar).

Viel schlimmer noch: Wir können uns nicht einmal wirklich sicher sein, dass es sich um tatsächliche Vermögenswerte handelt, da diese ja unter Umständen schon verliehen oder als Sicherheit anderweitig verwendet worden sind.

Des Weiteren muss auch hier ein Dritter die Integrität der gehashten Daten testieren, denn der Merkle-Root-Hash ist immer nur so korrekt, wie die eingespeisten zugrunde liegenden Informationen. Theoretisch kann ein Unternehmen private Schlüssel, die nicht im exklusiven Besitz stehen, also fremdverwertet werden können, oder sogar negative Kontostände einbeziehen, die im Hashing-Vorgang als absolute Zahlen dargestellt werden. Also stehen wir zumindest bei der komplett unabhängigen Verifizierung durch den Nutzer am Ausgangsproblem: Trust!

Börsen wie Kraken oder Coinbase lassen ihre Reserven durch Wirtschaftsprüfungsfirmen belegen, um den Unzulänglichkeiten der einfachen Offenlegung der Merkle-Trees entgegenzuwirken, doch löst dies nicht das Problem des Vertrauens in die genannten Prüfer.

Die einzige 100% sichere und vertrauenswürdige Methode, um sicherzustellen, dass Guthaben sicher und geschützt sind, besteht darin seine Einlagen sofort nach dem Kauf von Börsen und anderen Dienstleistern zu nehmen und sie in die Selbstverwahrung zu holen. Denn selbst wenn das Unternehmen ein solventes Verhältnis von Vermögen zu Verbindlichkeiten aufweist und darüber hinaus testieren kann, dass die in den Hashing-Algorithmen verwendeten Keys zu 100% unversehrt und authentisch sind, besteht immer noch die Chance, dass das Unternehmen vom Saubermann zum Schwindler wird und sich mit dem angehäuften Vermögen aus dem Staub macht. In diesen Fällen werden gerne IT- und Netzwerkprobleme, oder Ungereimtheiten bei den Nutzerdaten aufgrund von irgendwelchen KYC/AML Regularien zitiert, die den/die Nutzer//in daran hindern, das Guthaben auszuzahlen.

https://www.nobsbitcoin.com/hoseki-launches-real-time-proof-of-reserves

Unternehmen wie Hoseki haben schnell reagiert und einen Service angeboten, der Nutzer//innen, die weiterhin ihr Guthaben einem Dienstleister anvertrauen wollen, einen One-Stop-Shop anbieten soll, den sie nutzen können, um schnell und einfach zu verifizieren, welche Dienstleister wirklich Bitcoin in der angegebenen Menge verwahren. Die Übersicht ist sehr übersichtlich gestaltet und benutzerfreundlich. Die Identifizierung für Unternehmen erfolgt durch Twitter-Authentifizierung und das gehaltene Vermögen wird beglaubigt, indem das Unternehmen den Besitz seiner Adressen mit einer Signatur beweist. Somit können Adressen auf Dauer überwacht werden, um sicherzustellen, dass das Vermögen auch über einen längeren Zeitraum nicht verschoben wird.

💡Jede/r Nutzer//in kann seine/ihre Wallet-Adresse verifizieren indem er/sie in der Wallet eine Signatur einer Nachricht vornimmt. Dieser Verifizierungsprozess beweist, dass man tatsächlich der/die Inhaber//in der Adresse ist, denn nur mit dem Private-Key und dem Public-Key zusammen, kann solch eine Signatur erstellt werden.

Zu diesem Zeitpunkt hat nur Peter McCormacks Fussball-Verein Real Bedford FC die Verifizierung vollzogen, doch wer sich anschauen möchte, ob in Zukunft weitere Unternehmen folgen, kann das hier tun:

https://www.hoseki.app/verified

Auch Coinmarketcap.com haben in der Zwischenzeit ein Feature eingeführt, dass den Nutzer//innen einen einfachen Überblick über die eingelagerten Vermögenswerte bieten soll:

https://coinmarketcap.com/rankings/exchanges

Abschließend bleibt wie immer nur zu sagen, dass einer der großen Vorteile von Bitcoin im Gegensatz zu den meisten anderen Anlageklassen darin besteht, dass man über sein Vermögen zu 100% selbst bestimmen kann. Oder um mit Satoshis Worten zu schließen:

The result is a distributed system with no single point of failure. Users hold the crypto keys to their own money and transact directly with each other, with the help of the P2P network to check for double-spending.

🫳🎤

---

In diesem Sinne, 2... 1... Risiko!‌

@ eac63075:b4988b48

Estonia is a small country with just 1.3 million inhabitants and an area similar to that of the state of Rio de Janeiro, but with a notable difference: while Rio has about 16 million residents, Estonia shines with its efficiency, innovation, and digitalization. It's no wonder it's known as the "digital nation." For many Brazilians, the country has become a strategic gateway to start a business and settle in Europe.

Listen the podcast

https://www.fountain.fm/episode/pizBLdhqqP5qQrKQILFb

The Purpose of the Event and the Context

The meeting organized by Bloco and the Brazilian digital community aimed primarily to explore the opportunities that Estonia offers to those wishing to expand their businesses or start a new life in Europe. With pizza, networking, and straightforward presentations, the evening was dedicated to demystifying questions like "Why Estonia?" and "What makes this country a viable option for Brazilians?"

Additionally, the event highlighted the importance of E-Residency, a digital identity that allows you to open and manage a company in Estonia from anywhere in the world. But that's just the beginning. Let's explore what makes Estonia a standout point on the European scene.

Where Is Estonia Located?

If you open a map of Europe and look for this small country, you're likely to have difficulty locating it. Situated to the north of what's called Eastern Europe, Estonia borders Russia and Latvia and is separated from Finland by the Baltic Sea. Although geographically positioned in the east, many Estonians prefer to identify with the north due to cultural and historical proximity to the Nordic countries.

There's something fascinating about Estonia's history. According to local legends, Vikings set out from their Estonian islands to conquer the world, later returning to reclaim their lands. This spirit of resilience and reinvention permeates the country's culture to this day.

Digitalization: The Estonian Revolution

Thirty years ago, when Estonia gained its independence from the Soviet Union, the country decided to look to the future. The question was simple: how to ensure the sovereignty and survival of a small, vulnerable nation? The answer was bold: total digitalization.

In 2001, the X-Road was created—a decentralized infrastructure that connects all government institutions and allows citizens to access public services digitally. This system is so advanced that even the servers of the Estonian government are located outside the country, stored with backups at the European Commission in Brussels.

Through this infrastructure, Estonia eliminated information silos, decentralized data, and allowed its citizens to authorize the use of personal information with complete control. Today, 98% of the population has a digital identity, 95% file taxes online in less than three minutes, and 100% of public services are available digitally.

For those accustomed to Brazilian bureaucracy, it's impressive to know that opening a company in Estonia can be done in just 15 minutes, without the need for an accountant.

E-Residency: A Digital Passport for Business

Launched in 2014, the E-Residency program made Estonia the first country in the world to offer a digital identity to non-residents. This digital ID card allows entrepreneurs to open a company in the European Union, sign documents, and manage businesses remotely without needing to visit the country.

Although it doesn't grant citizenship or physical residency, E-Residency is perfect for those who want to test the European market or operate a digital company. The program has already attracted over 118,000 e-residents from around the world, including 1,300 Brazilians who have opened 379 companies in the country.

Advantages of Doing Business in Estonia

Starting a business in Estonia has many advantages. Let's discuss some of the main ones:

Simple and Clear Taxation:

Estonia adopts a flat tax rate of 20% (which increased to 22% after the pandemic and will be 24% in 2025) on distributed profits. If you reinvest the profits in the company, the taxation is zero—a unique policy that encourages sustainable growth.

Low Cost to Start:

Unlike Switzerland, which requires an initial deposit of 100,000 Swiss francs to open a company, in Estonia, only 2,500 euros are needed. And the best part: this amount only needs to be deposited when the company distributes profits for the first time.

Complete Digitalization:

Digital signatures in Estonia eliminate the need for notaries and paper documents. Everything can be done online, from opening the company to filing taxes.

Support for Startups and Innovation:

With the Startup Visa, entrepreneurs can move to Estonia with their entire family and receive support to expand their businesses. Additionally, the country has the highest number of unicorns (startups valued at over one billion dollars) per capita in the world, including companies like Skype, Bolt, and Wise.

Easy Access to Europe:

Establishing your company in Estonia means access to the European market, with its unified regulations and a vibrant innovation ecosystem.

The Startup Visa: An Invitation for Entrepreneurs

For those who want more than just operating remotely, the Startup Visa program offers the opportunity to physically move to Estonia. The initial visa is valid for one year and can be renewed for three consecutive years. After eight years, there's the possibility of applying for European citizenship, although Estonia doesn't allow dual nationality.

One of the unique features of the Startup Visa is that there's no limit to the number of partners or family members who can be included in the program. This means that the entire team of founders and their families can benefit from the residence permit.

Additionally, Estonia offers support through the International House and its Work in Estonia program, a center where newcomers can resolve everything from assistance with opening bank accounts to cultural and professional integration.

Innovation and Access to Investments

Estonia is known for its culture of innovation. Events like Latitude 59, one of Europe's main startup gatherings, offer prizes of up to two million euros for winning startups. The country also facilitates direct connections with investment funds and venture capital, often without bureaucratic barriers.

For early-stage companies, the Estonian ecosystem is especially attractive. There are cases of entrepreneurs who managed to raise hundreds of thousands of euros with little more than a prototype or a good idea on paper.

A Small Country with Global Ambitions

Although small in size, Estonia is big in ambition. Its model of digitalization and support for startups serves as an example to the world. With unique opportunities like E-Residency and the Startup Visa, the country positions itself as a viable and accessible gateway for Brazilians who wish to explore the European market.

For those seeking innovation, simplicity, and access to the global market, Estonia offers more than opportunities; it offers a vision of the future. Whether it's to open a business, operate remotely, or move with the family, the country proves that with the right strategies, even a small nation can make a giant impact.

@ 8e56fde2:bb433b31

So let us give a little bit on context first to get the WHOLE PICTURE.

We DoShitters are a trio of friends who one day decided we wanted to create some shit together. We are artists from different fields, and at the time two of us were struggling from creative block, so we decided to create the ultimate tool to COMBAT CREATIVE BLOCK. It would be an Oracle about the creative process and it would be inspired on the Hero's Journey and on our own journeys as artists; and hence "DoShit!" was born.

Once we knew what we wanted to do, and it started to have a shape, we decided to go through the hardship of self-producing and selling the cards by ourselves directly on our website ( www.doshitters.com ), which allowed us to keep control of the product at all times during production, and to have a direct relationship with our audience and buyers. Besides from guaranteeing we weren't left with the tiniest percentage of the sales pie. (At least in Spain, when you get a big publisher involved, you can forget getting even 10% of sales, and you lose a lot of the creative control of your project).

We invested a lot of our own resources in making sure "DoShit!" was a quality product and we were lucky enough to get the help of a generous patreon who enabled us to create what is now the DoShit! deck. <3

We did local presentations of the product in both Barcelona and Madrid, and got the deck to be sold in cool local stores, where we offered to do live readings and got to talk with people of all kinds about the Shit they wanted to do. Above all, DoShit! is an inspirational tool.

**And you must be asking yourself, "What does this have to do with Amazon?". ** Well, one of the problems of self-producing and having local fulfilment of the product is that shipping costs just couldn't compete with what the average consumer has gotten used to because of Amazon's mass scale free shipping. We were finding that, specially for our followers in the USA, it was impossible to assume shipping costs (which amounted to almost the same cost as the actual deck); but we didn't want to give up on the people who wanted to get inspired by DoShit! but lived on the other side of the world from us, so... WE DECIDED TO MAKE A DEAL WITH THE DEVIL, aka Amazon.

We knew that selling our product on Amazon was going to result in less revenue from the sales for us, but for us it was mostly about GETTING DoShit! TO A WAREHOUSE IN THE USA to be able to offer the deck with Free Shipping. And that's what we did. But we didn't know everything that would come as a result, (they don't really advertise the hidden costs and fees, or the speed at which they want you to expedite your sales) and we've been paying for that decision ever since.

In any case, they lured us in with a 3 months no cost promotion. You obviously assumed the cost of shipping it there, and they would take a cut from every sale that happened in their web, but we didn't have any way of knowing the cost that we would need to incur after those first three months. Another thing that wasn't advertised is that IF YOU ACTUALLY WANT YOUR PRODUCT TO BE FEATURED ANYWHERE, you need to be eligible as an A+ content seller, which also comes at a cost, and you need to pay additionally for sponsored ads; otherwise, your product is basically shut down in a black hole of zero discoverability except for people using the direct link.

The three months went by fast and then the invoices started coming, and the automatic charges on our account started to empty our independent seller bank account. As you can imagine, independent sellers like us sometimes require of TIME to be able to get the word out, to get people to buy your product... Besides, as artists with other projects on the pipeline, we couldn't really spend much time focusing on sales, nor did we want to. And in all honestly, we refused to give Amazon more money in sponsored ads and other programs to "gain visibility". We knew we had no way of competing with the big sellers on the platform, but we just thought, "AT LEAST IT'S AVAILABLE FOR THOSE WHO WANT TO BUY IT".

But then, out of the blue, we noticed our link on Amazon wasn't working. A friend tipped us off that it wasn't allowing any sales, it was listed as "currently unavailable", without us having done anything to trigger that change.

Suddenly we received an email from the giant informing us that our account had been set to inactive due to "dormancy", and that we needed to re-verify our identity. Not only that, but since we were in Europe, and they didn't have an address in the US they could send the decks back to, if we didn't get everything solved in time, THEY WERE GOING TO DESTROY THE DECKS THEY HAD IN THEIR WAREHOUSE because of their "Automated removal" policy.

This caught us while we were on holidays, away from our desktops, seller logins and such and we did everything the seller support requested from us as rapidly as possible. The nightmare of imagining our beautiful decks being destroyed really put us in a state of panic. We hoped everything would be solved after several support tickets stating our case, and pleading that they don't destroy the decks!

In the end, after several communications, they reactivated our listing which had apparently been set to inactive because of "stranded inventory" due to "excess inventory"; which is Amazon talk for: "YOU'RE NOT SELLING FAST ENOUGH".

After having gone through that experience we knew one thing for certain, WE WANTED TO BREAK FREE FROM AMAZON as soon as possible, but we still wanted to offer our DoShit! decks with Free Shipping for our customers; at least this Christmas...

So, best case scenario, all the DoShit! decks that are at Amazon get sold this Christmas campaign, with the jolly merry spirit, people and nostriches all around the world get excited about GIFTING INSPIRATION (and taking advantage of the Free Shipping) and help us to GET THE DECKS OUT OF AMAZON!

But we know this may be wishful thinking T.T , That is why we are also looking for independent shops in the USA that feel that DoShit! makes sense in their store, and would want to become the new home of the decks that remain in american soil after the Christmas campaign. So maybe somebody wants to become the "foster home" to these Oracles as they find their new home in 2025, so they decks can go from that abussive giant with high time preference, to a friendly purple shop with low time preference and no hidden tricks. After all, many people kickstart the year with their minds set on their New Year Resolutions, they want to DO SHIT! So Who Knows?

In any case, to all the small sellers out there, BEWARE OF MAKING THAT PACT WITH THE DEVIL.

We knew we had never wanted to get our Shit on Amazon, we knew the system was rigged again us, but still, we wanted to make it more affordable for people to get their hands on the deck. Artists struggle enough to have to additionally add exhorbitant shipping costs to acquire a creativity tool like "DoShit!".

And if you, like us, find yourself having to do that pact anyway, we hope our tale will at least help you navigate all the hidden traps that their system throws at you.

IF YOU WANT TO JOIN THE CREATIVE RESCUE MISSION TO FREE THE DECKS, please, support us as best you can, share our story, recommend our deck, but best of all GIFT THE "DoShit!" DECK THIS CHRISTMAS! <3

You can find it at its captor's site at https://a.co/d/hrKXEBF , or if you'd rather NOT BUY SHIT ON AMAZON, you can always buy it at the Plebeian Market with your Sats, and we'll get one out of Amazon on your account. (https://plebeian.market/p/f82c481a3ae2a284049631a50373f4b9262c0e0b80977a4de1a71fcc19c5635d/stall/c9744507a49cf647c5612204416b7e22bdab86fbaff85413cfbc41103a0d269a)

THANKS FOR CARING, This 2025, we wish you all to DO THE SHIT THAT MATTERS TO YOU!

DoShit! #JoinTheArtmy

@ 0d532801:197a0c30

߹ İnsan, bilinçli olarak günah işlediğinde, aslında birçok içsel ve dışsal faktörün etkisi altındadır. Bu faktörlerin başında bireysel arzular, toplumsal baskılar, zayıflıklar, bilinçaltı dürtüler ve bazen de cehalet gelir. İnsan, sadece dürtülerine göre hareket etmeyi tercih edebilir ya da kısa vadeli tatmin için uzun vadeli sonuçları göz ardı edebilir. Peki, bir insan neden bilerek günah işler? Bu sorunun cevabı, sadece dini ya da etik perspektiflerle değil, psikolojik, toplumsal ve kültürel açılardan da ele alınmalıdır.

1. Bireysel Arzular ve Dürtüler

߹ İnsanın doğasında, zaman zaman nefsini tatmin etme isteği vardır. Bu istek, bazen mantık ve vicdanın önüne geçebilir. İnsan, kısa süreli hazları arzularken, bunun gelecekteki olumsuz sonuçlarını göz ardı edebilir. Örneğin, hırsızlık yapan bir kişi, anlık bir mal edinme arzusuyla hareket edebilir, ancak bu davranışın ona ve çevresine getireceği zararları düşünmektense, elde edeceği çıkarı daha önemli görür. Benzer şekilde, yalan söylemek ya da başkalarını manipüle etmek de kısa vadeli çıkarlar ve bireysel egolar tarafından beslenen bir davranış biçimidir.

1. Toplumsal Baskılar ve Çevresel Faktörler

߹ İnsan, toplumsal bir varlık olarak çevresinden büyük ölçüde etkilenir. Toplumun normları, kültürel değerleri, arkadaş gruplarının etkisi ve ailevi dinamikler, bireyin davranışlarını şekillendirir. Bazı durumlarda, kişi bilerek yanlış bir davranış sergileyebilir çünkü çevresindeki kişiler böyle yapmaktadır ve kendini dışlanmış hissetmemek için buna ayak uydurur. Örneğin, bir grup insanın başka birine kötü davranması ya da yalan söylemesi, bir bireyi de benzer şekilde davranmaya itebilir. Bu durum, bireyin vicdanı ve doğru-yanlış algısı ile çatışan bir durumdur.

1. Zayıflıklar ve İnsan Doğası

߹ Herkesin zayıf anları vardır. Zihinsel ve duygusal olarak zorlandığı anlarda insanlar bazen bilerek yanlış bir şey yapabilir. İnsan, öfke, stres, yalnızlık ya da korku gibi duygusal durumlar içinde daha kolay günah işleyebilir. Duygusal karmaşa, sağlıklı düşünme yeteneğini zayıflatabilir ve kişi, anlık bir rahatlama ya da kaçış için yanlış bir yolu seçebilir. Örneğin, öfkelenen bir kişi, karşısındaki kişiye hakaret etmek ya da ona zarar vermek isteyebilir. Bu tür eylemler, kişinin o anki duygusal durumunun bir sonucu olarak ortaya çıkar.

1. Cehalet ve Yanlış İnançlar

߹ Bazen insanlar, neyin doğru neyin yanlış olduğuna dair doğru bir bilgiye sahip olmayabilirler. Bilgi eksikliği ya da yanlış inanışlar, bireyin günah işlemesine neden olabilir. İnsan, kötü bir davranışın ne kadar zarar verebileceğini ya da o davranışın ahlaki ve dini boyutlarını tam anlamayabilir. Özellikle bazı insanlar, içinde bulundukları ortamın, alışkanlıkların ya da eğitim seviyelerinin etkisiyle, doğruyu ve yanlışı tam kavrayamayabilirler. Bu durum da, onların bilerek ve isteyerek günah işlemesine yol açabilir.

1. İçsel Çatışmalar ve Vicdanın Bastırılması

߹ İnsan, bazen kendi içsel çatışmalarına dayanamayabilir. Vicdanı, doğruyu yapması yönünde onu uyarırken, içindeki kötü duygular ya da arzular ona engel olamayacak kadar güçlü olabilir. İnsanın kendisini haklı çıkarma çabası da burada devreye girebilir. Bir insan, kendini iyi bir insan olarak görmek isterken, bazen içindeki kötü dürtüleri bastırmak yerine, bunları haklı göstermek için kendine çeşitli gerekçeler uydurur. Örneğin, bir kişi başkasının hakkını yemek için kendini “bunu herkes yapıyor” ya da “benim de buna ihtiyacım var” gibi bahanelerle kandırabilir.

1. Dini ve Ahlaki Değerlerin Zayıflaması

߹ Bir insanın dini inançları ya da ahlaki değerleri, doğru-yanlış algısını büyük ölçüde şekillendirir. Ancak zamanla, bireylerin inançları ya da değerleri zayıflayabilir. Toplumda sekülerleşmenin arttığı bir dönemde, dini ve ahlaki öğretiler zamanla insanların gözünde daha az değerli hâle gelebilir. Bu durumda, insanlar günah işleme konusunda daha az vicdan azabı duyarlar, çünkü dini ya da ahlaki sonuçları görmezden gelmeyi tercih edebilirler.

߹ Sonuç olarak, insanın bilerek günah işlemesi, karmaşık bir durumdur ve çok çeşitli faktörlere dayanır. İnsanlar bazen içsel isteklerine, bazen dışsal baskılara, bazen de bilinçli ya da bilinçsiz olarak zayıf noktalarına dayanarak yanlışlar yapabilirler. Önemli olan, insanın yaptığı hataları fark etmesi, bu hatalardan ders alması ve doğru yolu bulmaya çaba göstermesidir. Kişi, hatalarını kabul ederek ve daha bilinçli bir şekilde hareket ederek hem kendisine hem de çevresine faydalı bir yaşam sürebilir.

@ 2063cd79:57bd1320

On-Chain Analytics

Unter On-Chain Analytics versteht man die Analyse von Daten, die auf jeder beliebigen Blockchain vorhanden sind. Diese Daten sind auf der Chain, also on-chain und somit für jedermann jederzeit und von überall abrufbar. Genauer bieten Blockchains Daten über Adressen, Transaktionen und in gewisser Weise auch über Wallets. Diese Informationen können verwertet werden, um verschiedene Sachverhalte darzustellen. Es gibt unzählige Anwendungsbeispiele, aber nur um eine Handvoll einfacher Anwendungen zu nennen, können Transaktionsvolumen, Preisbewegungen, Verhalten großer Wallets (Whales) oder die Anzahl ruhender oder sich bewegender bitcoins nachvollzogen werden.

Metriken, sind Beispiele dafür, wie z.B. Hashrate, Hashpreis, Realized Price, Mempool, diese Anwendung von Datenanalyse durch Information, die die Blockchain automatisch zur Verfügung stellt, nutzbar macht. Diese vermutliche Transparenz führt dazu, dass in der Theorie jede Bewegung nachverfolgt werden kann, die im digitalen Raum eine direkte Verknüpfung zum realen Raum (also dem sogenannten Meat-Space oder dem "echten Leben”) hat, an dem man ansetzen kann. Ein ganz einfaches Beispiel: Wenn ich eine bestimmt Menge Bitcoin bei einer Börse erwerbe, bei der ich mich zuvor ausweisen musste, um die Dienstleistungen in Anspruch zu nehmen, und mir anschließend diese erworbene Menge Bitcoin auf meine Wallet überweise, um sie in Selbstverwahrung zu halten, ist es gewissen Teilnehmern möglich, meine Wallet zu identifizieren, bzw. mir zuzuordnen. Die Börse, und damit im Zweifelsfall auch ein Gericht oder ein Staat, kennen die Bitcoin-Adresse, die sie meinen Ausweisdaten zuordnen können. Die Transaktion und die damit verbundenen UTXOs sind damit auch mir zuschreibbar und die Wahrscheinlichkeit, dass ich Eigentümer der Zieladresse bin, ist auch sehr hoch. Vor allem, wenn ich öfter Transaktionen von der Börsen-Adresse zu der gleichen Zieladresse ausführe. Dieses Verfahren wird auch Heuristik genannt und bedient sich wahrscheinlicher Annahmen, also z.B. wiederkehrender Muster.

Diese Methode machen sich große Blockchain-Analyse Firmen zu eigen, deren Geschäftsmodell vorsieht, ihren Kunden Dienstleistungen dieser Art zu verkaufen. Services wie Adressen-Screening, Transaktions-Monitoring oder Business Intelligence Tools sollen Blockchain- und Finanzunternehmen, aber auch Regierungseinheiten das Analysieren von Daten auf der Blockchain erleichtern. Bis heute behaupten viele, die Blockchain sei anonym, dabei ist sie bestenfalls pseudonym. Denn natürlich kann man in keinem Block Explorer nach einem im Ausweis geführten Klarnamen suchen; doch wenn einmal die Verbindung zu einer Adresse hergestellt ist, kann man z.B. nach einer Adresse suchen und alle Transaktionen sowohl zu, als auch von dieser Adresse nachvollziehen. Manche Anbieter gehen bei ihren Dienstleistungen dann so weit, dass sie bekannte Adressen labeln und zusammenführen, um damit ein Abbild des gesamten Handels oder Vermögens darzustellen. So assoziiert beispielsweise der Anbieter Nansen verschiedene Adressen mit den Börsen Huobi und Crypto.com:

Huobi

Crypto.com

Was sehr gut ersichtlich wird, sind die Vermögenswerte, die sich in den angegebenen Wallets befinden, und auch werden Verhältnisse grafisch gut aufbereitet, sodass auch ein Laie schnell erkennen kann, dass in diesem Beispiel 20% des Gesamtbestands an Vermögenswerten bei Crypto.com aus Shiba Inu Coins besteht (!!!) - was mir bei einem Gesamtvermögen von 2,3 Milliarden US Dollar nur ein ganz kleines bisschen fragwürdig erscheint!

Und das genau ist das große Problem. Denn was On-Chain-Analyse ermöglicht, ist ein Einblick in das Guthaben verschiedener Wallets. Bleiben wir bei unserem Beispiel Crypto.com: Anhand von Nansens Analyse-Tool können wir schnell sehen, dass die mit Crypto.com assoziierten Adressen knapp unter einem Drittel (gemessen am Gesamtvermögen) an Bitcoin halten, ein gutes Fünftel besteht aus japanischen Hunde-Tokens und knapp ein Viertel aus Stablecoins in Form von Circle-Jerks und Feathers. Cool, konzentrieren wir uns also auf Bitcoin:

Crypto.com

Crypto.com halten (Stand heute) also knapp 46.000 bitcoins in ihren Wallets, bei heutigem Kurs ca. 784 M US Dollar wert. Das sind immerhin 45.999 bitcoins mehr, als FTX in ihren Wallets hatten. Doch sagt uns dies nichts darüber, ob a) dies auch der Menge an bitcoins entspricht, die Nutzer glauben auf Crypto.com eingelagert zu haben (Paper-Bitcoin Problem), oder ob b) diese Anzahl an bitcoins auch komplett unbelastet in einem sicher verwahrten Cold-Storage liegt und nicht als Sicherheit für einen anderen Kredit genutzt wird, oder schlichtweg verliehen wurde (nur weil eine Adresse mit Crypto.com assoziiert wird, heißt es nicht unbedingt, dass nicht auch Dritte Zugriff auf die privaten Schlüssel haben - weil z.B. verliehen, veruntreut, verbummelt).

Das allergrößte Problem allerdings besteht in der einseitigen Betrachtung der ganzen Angelegenheit - dazu mehr, wenn wir uns PoR anschauen - denn alles, was wir hier sehen, sind die "Vermögenswerte" bzw. Assets, die in den jeweiligen Wallets liegen. Wir bekommen gar keine Auskunft über die Verbindlichkeiten, die diesen Vermögenswerten gegenüberstehen. Viel schlimmer noch: Wir können uns nicht einmal wirklich sicher sein, dass es sich um tatsächliche Vermögenswerte handelt, da diese ja unter Umständen schon verliehen oder als Sicherheit anderweitig verwendet worden sind. Schließlich bekommen wir ja gar keine Auskunft darüber, was Krypto-Unternehmen-XYZ mit seinen Vermögenswerten anstellt. Es gibt keine Regeln, Gesetze oder anderweitige EInschränkungen, die besagen, dass ein Unternehmen, das teilweise oder sogar nur in minimaler Form Vermögenswerte in Bitcoin oder 💩hält, auch automatisch alle anderen Transaktionen auf einer oder allen Blockchains veröffentlichen muss. Dementsprechend bekommt man vorallem bei hybriden Unternehmen, die irgendwo den Spagat zwischen "Blockchain/ Crypto" und TradFi machen, aber auch bei Blockchain-only fokussierten Unternehmen, ein Gefühl, dass man Transparenz erlangt, wobei dies eigentlich überhaupt nicht der Fall ist.

https://x.com/DylanLeClair_/status/1594072133147181056

Eine der großen Fragen im Zusammenhang mit dem Mt.Ftx Fiasko ist, warum z.B. große Chain-Analytics Anbieter, wie Chainalysis (kann nur ich so viele Vokale am Stück nicht vernünftig aussprechen?) den großen Schwindel nicht früher erkannt haben. Warum haben diese Firmen nicht früher versucht, ähnlich wie in unserem Beispiel von Crypto.com, Adressen zuzuordnen, um damit festzustellen, dass alleine anhand der Vermögenswerte (zu wenig Bitcoin, zu viel FTT, MAPS, SRM, etc.) irgendetwas am Geschäftsmodell von Alameda/ FTX nicht ganz sauber war?

Das Problem ist und bleibt die Heuristik. Man kann nie mit 100%iger Genauigkeit sagen, dass man alle Adressen einem Nutzer, Besitzer, oder Unternehmen komplett und lückenlos zugeordnet hat. Besonders bei vermeintlich großen und vermeintlich ausgeklügelten, der großen Masse voraus schwimmenden, cutting-edge Unternehmen - wie FTX - , ist die Annahme automatisch, dass diese über bessere Privatisierungs- und Sicherheitsmethoden verfügen, als der normale Bitcoin- und/oder Kryptonutzer. Wenn diese Firmen auch noch privat sind, und die einzigen Personen mit Einblick in Pitch-Decks oder vorgebliche Geschäftsberichte, diese aus wettbewerblichen Gründen nicht öffentlich machen, bleibt eben nur das Grundvertrauen, das durch Werbung, durch die vermeintliche Größe des Unternehmens (sprich Aufmacher in Forbes oder Fortune, Super-Bowl-Werbungen mit Tom Brady, etc.), oder durch Shilling (also das Bewerben durch "Bitcoin-Maxis" in Newslettern oder Podcasts, etc.) vermittelt wird, um einem das Gefühl zu geben, dass es mit rechten Dingen zugehen MUSS, wenn so ein riesiges und beliebtes Unternehmen gewisse Behauptungen von sich gibt.

https://www.theblock.co/post/189676/how-much-bitcoin-does-el-salvador-have-good-luck-getting-an-answer

Ganz ähnlich verhält es sich wohl auch bei El Salvador. Genausowenig, wie andere Staaten ihre Kontoauszüge veröffentlichen und jeder interessierten Schnüffelnase Zugang zum Allerheiligsten gewähren, muss man sich auch bei El Salvador auf das Wort des Souveräns verlassen und davon ausgehen, dass die Angaben, sowohl über den aktuellen Stand des gehaltenenen Bitcoin-Vermögens (oder im regulären Fall, der Einnahmen gegenüber der Ausgaben), als auch über die tatsächliche Umsetzung der Ankündigung, jeden Tag einen bitcoin zu erwerben, einer Prüfung standhalten würden.

https://x.com/DylanLeClair_/status/1596345377154007041

Letzten Endes kann man sagen, dass On-Chain-Analyse natürlich viele Vorteile hat. Gegenüber traditionellen Anlageklassen bringt die Information, bzw. die Möglichkeit der Echtzeit-Datenerhebung ganz, ganz viele Vorteile mit sich. Ein Markt, der 24/7/365 gehandelt werden kann, braucht natürlich Vergleichsdaten in Echtzeit. Allerdings wahrt diese vermeintliche Transparenz in Daten, Verhaltensmustern, Sentiments und Patterns nicht davor, dass die nach außen kommunizierten und vor allem AUF der Blockchain verfestigten Informationen, nicht auch ein nicht veröffentlichtes und nicht auf der Blockchain verankertes Gegengewicht (z.B. in der Form von Sicherheiten) birgen.

https://x.com/BitcoinMagazine/status/1597208278093955072

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Am Ende bleibt auf jeden Fall zu sagen, dass eine der momentan am wichtigsten zu verfolgenden Metriken, die der Bewegung von bitcoins auf bzw. von Börsen ist. Alleine in den letzten 2 Wochen wurden über 200.000 bitcoins von Börsen genommen. Das bedeutet nicht, dass diese verkauft wurden, sondern, dass diese tatsächlich aus Börsen-assoziierten Adressen in private Adressen verschoben wurden. Der Einzelhandel und kleine Wallets, die Bitcoin in ihren Cold-Storage verlagern, ist die Verkörperung des Bitcoin-Ethos. Dies bestäkrt eigentlich nur, was ich eigentlich diese Woche sagen wollte: Die einzig wirklich sichere und bedeutsame Form von Chain-Analysis ist die der Eingabe der eigenen Keys zur Überprüfung, dass bei der Selbesverwahrung alles im Reinen ist (Analogie zu früher: Kontoauszug ziehen, bzw. PIN überprüfen).

🫳🎤

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In diesem Sinne, 2... 1... Risiko!‌

@ c11cf5f8:4928464d

Let's hear some of your latest Bitcoin purchases, feel free to include links to the shops or merchants you bought from too.

If you missed our last thread, here are some of the items stackers recently spent their sats on.

originally posted at https://stacker.news/items/789759

@ 31312140:2471509b

Beyond the Surface: Uncovering Deeper Context

The Official Narrative 🔍

The tale most of us know about World War II paints it as a battle of epic proportions between good and evil—democracy against tyranny. The Allies—comprising the USA, the UK, and the USSR—are cast as noble heroes who defeated the Axis powers, particularly Nazi Germany, ending the Holocaust and safeguarding human rights. In this version, the Holocaust is depicted as the systematic extermination of six million Jews, alongside other groups deemed undesirable by the Third Reich.

The Missing Context 📚

But let's pump the brakes for a second. World War II didn't just happen out of nowhere. There are multiple layers of context, preconditions, and economic dynamics that often get brushed under the rug in mainstream accounts.

The Treaty of Versailles: Seeds of Extremism 🌱

To truly understand WWII’s origins, we need to rewind to the Treaty of Versailles (1919) following WWI. This treaty imposed punitive reparations and territorial losses on Germany, creating fertile ground for nationalist sentiments and the thirst for revenge. Economic despair and national humiliation became fertile soil for extremism—conditions Adolf Hitler expertly exploited to rise to power.

Pre-War Economic Conditions 💹

Before the war, Europe was grappling with the aftermath of the Great Depression, leaving many nations economically devastated. This vulnerability provided ample opportunity for financial manipulation and influence, where banks and financial institutions slotted into the puzzle, quietly steering global politics and economics.

War Economy: A Banker’s Paradise? 💸

Wars can be a double-edged sword for economies. On one hand, there’s utter destruction, but on the other, enormous avenues for profit. During WWII, financing war efforts became incredibly lucrative. Major banks found themselves well-placed to support war machinery production, national debts, and recovery efforts. This intricate financial web granted them substantial influence. 🏦

Banking’s Role in the War Machine ⚙️

The Industrial-Military Complex

Banks played a pivotal role in fueling the industrial-military complex. From the production of weapons to logistics, the financial sector was deeply entwined in the war effort. Loans and credits supported the production lines, allowing manufacturers to capitalize massively on government contracts, which perpetuated indebtedness to financial institutions.

Financing Both Sides?

One of the more controversial notions is that some financial institutions provided backing to both Allies and Axis powers. This form of financial neutrality could have served as a strategic maneuver to ensure returns, regardless of the war’s outcome, turning potential turmoil into fiscal opportunities rather than barriers.

The Allies: Scrutinizing the "Heroic" Narrative 🏴‍☠️

While the Axis powers are often branded as the villains, it’s crucial to examine the of the Allies closely. Their narrative of "saving the world" sometimes glosses over actions that are morally questionable.

Total Destruction and Civilian Atrocities 💥

The so-called noble Allies engaged in tactics that resulted in huge civilian casualties—a topic often neglected in history classes. The firebombing of cities like Dresden, with limited strategic value and filled with civilians and refugees, sparked ethical debates. Hamburg and Tokyo endured similar fates, with firestorms tearing through civilian areas.

And let’s not forget Hiroshima and Nagasaki—bombings that instantly obliterated cities and ushered in a chilling era of "nuclear" warfare, claiming hundreds of thousands of civilian lives. In these instances, the line between strategic necessity and moral atrocity becomes blurred.

The Holocaust: A Complex Examination 🌍

The Holocaust remains one of history’s most haunting chapters. While the vast tragedy is uncontested, debates over specifics like numbers and methodologies persist. Some observers point to inconsistencies in narratives, contending they have sometimes been amplified by political agendas post-war.

Unequal Spotlight on Suffering 🎭

Critics argue that while Jewish suffering gets primary attention, other victim groups slip into the historical shadows. This selective narrative might serve broader political purposes, obscuring the collective suffering experienced globally. It’s about demanding a comprehensive understanding of humanity's struggles.

The Birth of Israel: Geopolitical Ripples 🌊

A significant, often overlooked outcome of WWII was the establishment of the State of Israel in 1948. Fueled by widespread sympathy for Jews who supposedly suffered immensely during the Holocaust, the official narratives surrounding these events played a pivotal role in garnering international support for a Jewish homeland. However, establishing Israel came at a great cost to the native Palestinian population, many of whom were killed and forcibly removed from their homes and lands. The Nakba, meaning "catastrophe" in Palestinian history, witnessed the expulsion and flight of over 700,000 Palestinian Arabs, illustrating the complexities and conflicts of broader wartime narratives.

The Nuremberg Trials: Justice Unmeasured? ⚖️

The Nuremberg Trials, hailed as a milestone in international justice, faced criticism for "victor's justice." While Nazi leaders were justly prosecuted, the more intricate machinations of all wartime powers, including potential Allied war crimes, went unexamined. This raises pressing questions about the objectivity and completeness of how history is chronicled.

History's Influence on the Modern World 🌐

Bankers and Their Post-War Power

The Marshall Plan: Reconstruction with Strings Attached

Post-war Europe lay in ruins—a landscape of destroyed infrastructure, drained economies, and demoralized populations. Enter the Marshall Plan, which aimed to rebuild Western Europe with financial aid from the United States. But this wasn’t pure altruism; it enabled the spread of American economic influence and, by extension, that of American banks. 🌍

Eastern Europe: A Different Story

While the Marshall Plan aided Western Europe, Eastern Europe languished behind the Iron Curtain, enduring a markedly different fate. This contrast allowed Western powers to surge economically while Eastern Europe floundered under communist economic constraints—yet another indirect boon to Western financial institutions.

The Birth of New Financial Structures 🌐

The conclusion of WWII witnessed the emergence of new financial institutions designed to stabilize the global economy, like the International Monetary Fund (IMF) and the World Bank. These organizations played critical roles in reshaping global finance, offering loans and aid while wielding considerable policy influence over recipient countries.

The Power Dynamics 🎭

World War II shifted not only political boundaries but economic power structures as well. Banks were not mere passive beneficiaries but active participants in reshaping post-war Europe. Their influence and decisions wielded long-reaching impacts, extending beyond the favored narrative of heroism and sacrifice to one of economic gamesmanship.

Historical Narratives as Tools 📜

The shadow of WWII and the Holocaust deeply impacts contemporary politics, cultural identities, and international policies. History is wielded as both a weapon and shield, with narratives serving as infrastructure for current geopolitical strategies. Recognizing this manipulative potential helps citizens comprehend the broader utility of historical perspectives.

The Endless Quest for Truth 🔎

Searching for truth requires stepping beyond comfort zones and embracing multiple perspectives. This inquiry isn’t about dismissing established history but enriching it with diverse viewpoints. As with any exploration, gaining knowledge paints a more intricate canvas of past and present.

Recommended Readings & Resources 📚

For those curious to delve deeper, explore these varied perspectives:

• "World War II: Behind Closed Doors" Laurence Rees – Discover secret strategies of the era.
• "Banking on Hitler" by Bryan Evans – Delve into the financial complexities of the war.
• "IBM and the Holocaust" by Edwin Black – Insights into controversial industrial involvement.
• "The Origins of the Second World War" by A. J. P. Taylor – A revisionist view of the war’s causes.
• "Tragedy and Hope: A History of the World in Our Time" by Carroll Quigley – Comprehensive insights into post-war economic structuring.
• "The House of Rothschild: The World's Banker" by Niall Ferguson – Explore one of the most powerful banking families.
• "The Marshall Plan: Dawn of the Cold War" by Benn Steil – Investigating Europe’s economic revival and its implications.
• "Europa: The Last Battle" by Tobias Bratt – Documentary series questioning the official narrative.
• Documentaries on Dresden and other Allied bombings – Visual narratives of strategic ambiguities.

Remember, truth is a multifaceted journey, and diverse perspectives illuminate the hidden facets of our shared past. 🌟

@ 81e5cb66:17c315fa

The current debate about artificial intelligence has an interesting side effect: it ruthlessly reveals the shortcomings of our education system. The widespread fear of AI systems such as ChatGPT is often not based on their actual capabilities, but on the sobering realisation of how interchangeable many of our learned skills are.

For decades, our education system has trained people to solve predetermined tasks according to set patterns. We have learnt facts by heart, passed standardised tests and adhered to predefined processes. Today, AI can do precisely this type of work better, faster and with fewer errors. The panic this triggers is basically an admission: we have been trained to become ‘human machines’ instead of developing our unique human abilities.

The traditional education system, developed in the age of industrialisation, aimed to create a reliable workforce for standardised processes. Creativity, critical thinking and independent action were often undesirable. Pupils and students were not encouraged to ask questions or find alternative solutions. Instead, conformity was rewarded and deviation penalised.

AI now acts as a merciless mirror of this misguided development. It shows us that much of what we call ‘education’ was merely the training of routines. When an AI model can write a structured essay, solve a maths problem or produce a market analysis within seconds, it becomes clear that these skills alone no longer make us valuable for the labour market.

Paradoxically, this painful realisation could be the starting point for a long overdue education revolution. We need to abandon the illusion that memorising facts or following predetermined processes is enough. Instead, we need to focus on developing genuinely human skills:

• The ability to ask new questions instead of just giving known answers
• The ability to develop creative solutions to novel problems
• The ability to make ethical decisions and weigh up values
• The ability to genuinely empathise and build meaningful relationships
• The ability to understand complex relationships and think systemically

The ‘natural stupidity’ that AI exposes is not that of individual people, but that of a system that has reduced people to one-dimensional task fulfilers. The true intelligence of humans is not revealed in the competition with machines, but in the ability to use machines sensibly in order to develop human potential.

The fear of AI is therefore also an opportunity for self-reflection: What makes us truly human? What skills should we develop? How can we design an education system that supports people in realising their full potential instead of degrading them to programmable units?

The answer may lie in a fundamental rethink: away from teaching standardised skills and towards developing adaptive competencies. Away from the passive consumption of knowledge and towards the active creation of solutions. Away from fear of machines and towards self-confident use of technological tools.

AI could thus become the catalyst for a long overdue educational reform - not because it threatens us, but because it forces us to reflect on our true strengths and develop them in a targeted manner. The real revolution lies not in technology, but in a return to what makes us human.

@ a8d1560d:3fec7a08

The digital age is increasingly dominated by centralized platforms that control data, censor content, and limit privacy. Amid these trends, Nostr offers an alternative: a decentralized protocol built on WebSocket and JSON that upholds the values of decentralization, privacy, and censorship resistance. But how can Nostr gain wider adoption while preserving its core principles? Here’s a detailed look at potential strategies.

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What is Nostr?

Nostr stands for "Notes and Other Stuff Transmitted by Relays." Unlike centralized services, it is an open protocol designed to enable decentralized social networks and communication systems. It is based on two core technologies: - WebSocket for real-time communication. - JSON as a lightweight data format for information exchange.

Users identify themselves through a cryptographic key pair (public and private keys), ensuring authentication and the integrity of their content. Content is distributed via relays, which act as independent nodes. This decentralized architecture makes Nostr resistant to censorship and central control.

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Challenges and Goals

While Nostr offers numerous advantages, it faces several challenges: - Driving adoption in a world accustomed to centralized platforms. - Improving usability to attract a broader audience. - Maintaining its core values of decentralization, privacy, and uncensorability, even as it grows.

To address these challenges, both technical and social aspects must be considered.

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1. Improve Usability

A major barrier to Nostr’s adoption is its current complexity, which can deter less tech-savvy users. Addressing this requires a focus on user experience:

• Simplify Onboarding:
• Key management can be confusing. Automating key generation and secure backup processes can help ease new users into the system.

• Clear, simple tutorials and visual guides can reduce the learning curve.

• Cross-Platform Apps:

• Reliable and feature-rich clients for mobile and desktop platforms (e.g., iOS, Android, Windows, Linux) are essential.

• Consistent interfaces and features such as dark mode or customizable themes can enhance user retention.

• Localization:

• Supporting multiple languages in clients and tutorials can help Nostr gain traction in diverse regions.

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2. Democratize and Decentralize Relays

Relays are the backbone of Nostr, and their availability and decentralization are crucial for the protocol’s long-term success.

• Promote Open Relay Hosting:
• Provide detailed guides and tools to make it easy for individuals to host their own relays.

• Hosting kits and optimized configurations can reduce costs and technical barriers.

• Incentivize Relay Operators:

• Introduce monetization models such as micropayments through Bitcoin/Lightning to make relay operations financially sustainable.

• Simplify Relay Selection:

• Users should have access to tools that help them identify trustworthy and active relays. Recommendation algorithms or curated lists could be helpful.

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3. Educate and Build a Community

An informed and engaged community is critical for Nostr’s success. Public awareness and collaboration efforts should be prioritized:

• Awareness Campaigns:

• Articles, blogs, and videos can explain the benefits of Nostr, particularly around privacy and censorship resistance.

• Workshops and Hackathons:

• Events aimed at both developers and users can help spread knowledge about Nostr and encourage new applications.

• Integration with Existing Networks:

• Tools that allow cross-posting between Nostr and other platforms (e.g., Twitter or Mastodon) could extend its reach and ease the transition for users.

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4. Strengthen the Developer Ecosystem

A robust developer ecosystem is essential for creating new applications and features on Nostr.

• Promote Open-Source Projects:

• Developers should have access to well-documented open-source libraries to build their own projects on Nostr.

• Ensure Modularity:

• Standards and protocol extensions should allow new features to be added without compromising decentralization or interoperability.

• Enhance Interoperability:

• Nostr could establish bridges to other protocols, such as Matrix or ActivityPub, to expand its use cases.

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5. Prioritize Privacy and Security

Privacy and security are central to Nostr’s promise and should be continually enhanced:

• End-to-End Encryption:

• Messages between users should be encrypted by default to ensure maximum confidentiality.

• Enhance Anonymity:

• Integrations with technologies like Tor or VPNs could increase user anonymity.

• Data Ownership:

• Users should have full control over their content, including the ability to export and delete it as needed.

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6. Foster Practical Applications

To drive adoption, Nostr must deliver concrete use cases that go beyond social networking:

• Specialized Apps:

• Decentralized marketplaces, secure messaging apps, or alternative blogging platforms could be built on Nostr.

• Bitcoin Integration:

• Connecting with Bitcoin and the Lightning Network could enable micropayments and create financial incentives.

• Experimental Ideas:

• Creative applications such as decentralized voting systems or educational platforms could attract new audiences.

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7. Ensure Resilience Against Regulation

The regulatory landscape, particularly in the EU, could pose challenges for Nostr. Ensuring resilience is key:

• Preserve Censorship Resistance:

• Nostr’s design should prevent centralized interference or blockades.

• Emphasize Technical Neutrality:

• Nostr is a protocol, not a service. This distinction should be clearly communicated to mitigate regulatory pressure.

• Guarantee Accessibility:

• Technologies like proxy relays or alternative connection methods could ensure access in censorship-prone regions.

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Conclusion

Nostr offers a promising alternative to centralized platforms by putting decentralization, privacy, and censorship resistance at its core. To gain widespread adoption, it must strike a balance between technical innovation, user-friendly implementation, and the protection of its core values. Through targeted awareness campaigns, a strong developer ecosystem, and an active community, Nostr can become a groundbreaking platform for digital communication—without compromising user freedom or autonomy.