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OK.... What the fuck?
Satoshi Nakamoto wrote production software that has stood up to 13 years of the most difficult pressure a production distributed database could possibly...
... no wait a moment. That sentence is so amazing already that it can't just be wrapped up with a few more nouns and adjectives. He invented a trust minimized distributed database. That in itself is miraculous. It had never been done before. And now that it is done, it cannot be reproduced very easily at all.
He knew he had one shot to get it.
And calling it "production software"? Well it IS that. But on a level unlike just about anything else in "production". I suppose software that runs the power grid. Or perhaps the firmware that runs certain sorts of medical equipment or systems, might come close....
It is art. But this is not like some moving still life painted by a master. It's the damned Sistine Chapel.
This is as believable that one person has actually done this, as someone having invented a time machine. These things don't just work. You don't spend a weekend typing furiously and coming out with software that will change the world... just like that... version 0.1.
Yes. There have been bugs. And there have been tweaks, AND improvements. AND there are things that could have been different. Questions that still hang in the air. Will the disappearing block reward matter? Will quantum computers break SHA2? Is Craig Wright gay? Only time will tell.
But consider the ridiculous amount of thought that had to have gone into making something this perfect. This perfectly balanced.
Who tested it? Where is the version that crashed. The version that people played with for a few months before they found the flaw. Before they figured out a way to profit unfairly. Right. That never happened. The cheaters had to write new software to pull that off... Bitcoin was incorruptible.
A wise man once said "Quick, no time for explanations... give me your pants."
That is, in my humble opinion, as close as anyone has ever come to explaining how this is even POSSIBLE in the first place.
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itshappening.gif mildyawn.jpg |
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Regulatory attacks are another potential threat—a big one. This post is already too long; and I need to analyze the Lummis bill carefully, before applauding her too much. Let’s just say, on a general note, I am concerned about the potential that legislation may draw Bitcoin into a regulatory quagmire, while tossing Bitcoiners a bone with some obvious things such as exempting small purchases from capital gains tax.
I agree with the general sentiment of your above abridged tome, and will also be looking more carefully at the bill to the extent I can. But maybe I am too easy to please, but I think the exemption for small purchases to be taxable is a very powerful little stinger when it comes to what this bill could mean. The ability to begin moving Bitcoin around for commerce without the tax encumbrance is an important change. Think of it this way... You are an early bitcoinner in the US. You can now spend and replace your bitcoin for groceries and reduce your cap gains to zero at the time of purchase $200 at a time. We need to catch up with Africa, after all.  https://twitter.com/HODLneverSODL/status/1518134911244320769?s=20&t=PozrHTvYaRVD0Z9YoMGrdw(I sent some sats to that shop lol. They are using a ln.tips address at that store... I bought a couple extra apples worth) |
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BREAKING! Happening right now! Me not eating att Biltema.  That looks pretty good... Where is this restaurant? Perhaps inside a hardware store?  Seriously, though... I do not know what this Swedish french fry salad is, but I would order one! |
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 Please more Saylor sanity Totally agree... There are folks who make such complex arguments for whatever it is they WANT (me), and those who can chart with technical prowess, but allow the interpretation to be up to the beholder (where IS Toxic?). But that is, so far, a very reliable minimum for Bitcoin... And even if we do not go down to ~20k where it points, if we stay here long enough it will catch up, and then guess what!  I STILL am predicting the same thing I have for a long time (the longer the dumber I look) that we are on the very front end of the upward spike of the S Curve. In fact I think if could touch the 4 year here... but it might be a couple cycles before it does again. We will see... no sweat. |
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Too good not to share... Faketoshi googles something to lie about and does not notice that he's really looking up something about Montango...  |
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Ooh. Intrigue. (a little easier: https://www.twitlonger.com/show/n_1ss24a6 ) PPS (For those scared of shady links... This is just a rolled up version of this fellows thread. I wonder if this is real, and really will expose lots of "crypto" people. I kind of hope so) |
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...or in Helsinki...
Risto was Satoshi?  Poor poor lunatic Risto. |
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A Newly Published Book Claims to Tell the 'Real Story Behind Mysterious Bitcoin Creator
“ Finding Satoshi: The Real Story Behind Mysterious Bitcoin Creator Satoshi Nakamoto” written by Ivy McLemore was released in June 2022. The book gives readers the unique opportunity to join a reporter on the search of a lifetime for the creator of the world’s best-performing investment. It looks at 40 candidates and leads to a little-known, under-the-radar suspect with stunning, previously untold secrets only Bitcoin’s creator could know.
Regardless what you believe about Satoshi’s real-life identity, Finding Satoshi gives readers 42 specific points to ponder.
https://news.bitcoin.com/a-newly-published-book-claims-to-tell-the-real-story-behind-mysterious-bitcoin-creator/It’s listed on Amazon  Allegedly, Khalid’s computer was a Fujitsu laptop that had “military-grade encryption.” Red flag #1. Satoshi would never say "Military grade encryption". I am sure that's the only red flag though... |
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Meanwhile.... BTC Dominance 2017: 44%BTC Dominance 2022: 44% This is a significant and easily overlooked metric. |
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I just watched this a bit more than 1 hour video interview too, and I will concede that there is some validity to any kind of claim that Saylor is honing his various pro-bitcoin arguments and some of his ways of talking about bitcoin. I am not sure if I would classify the above-linked interview as his best interview - because Saylor has had a lot of very good interviews, and in some sense, it seems that he has a pretty good ability to vary some of his talking points, so that it is quite possible that some of his earlier interviews are both going to cover subjects that are more basic or even resonate more strongly for some folks who might need to hear that subject matter angle - so there would be no way that any one of his many interviews (probably around 100+ by now) would be able to capture all relevant and important talking points in a way that is universally the best of all ways of presenting bitcoin matters. By the way, I am not always clear regarding how much confrontation might be better or the accusation of circle jerk, so in some sense any interview can have differing dynamics when the interviewer might be making a lot of challenges to the interviewee but there could also be ways that some presentation of topics comes out better because interviewer and the interviewee are somewhat on the same page. In this particular interview, the interviewer did not seem to want to be hostile towards Saylor, but there were several instances in which Saylor had to reframe or recharacterize the way the subjects of the questions were asked.. so in that regard, there seemed to have been some difficulties getting to higher levels of discussion because Saylor continued to identify several necessities to step back and dumb down the subject matter somewhat in order to help to clarify his framework in contrast to how the interviewer had initially framed or reframed whichever topic they were trying to discuss. Eehhh.. I was a little hyperbolic, but what I really like about this interview is he goes significantly deeper into some of his ideas. I think he tunes it for the audience. He does those fortune cookie quotes for Twitter, he does deep intelligent framing for his baseline audience, but I THINK because this interview was for the cerebral Reason audience he sort of went further and more esoteric. I enjoy that. I think his mental frameworks around Bitcoin are extraordinary. |
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I wish I liked Svetski.
The whole Bitcoin purity, gatekeeper, boys club thing is old to me. It's possible to not be scammer like Raoul Pal or the rest and still hold nuanced opinions...
Maybe im just a fuddy dud.
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I predict monsanto makes a run at 210 shortly.
Where's muh 210? Come On, Man! That next zero is waaaay overdue! Surely at least we can hold above 200 for a while. or forever. Perhaps "shortly" was a bad word choice. But I do mean soon. In the meantime we hang in the balance of bitcoin's existential dread. |
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I really start to think that Saylor reads the WO...
[...]
Saylor is just trying to catch up with us, we are only 30844 pages ahead of him. I wonder, Remember from the beginning Michael Saylor said Bitcoin had no chance, all of a sudden he became Bitcoin ambassador, one very thing I have known about Billionaires is that they will only tell you half the truth. In several interviews Saylor explained very precisely why and how he changed his view on BTC. Actually, he understands Bitcoin and its implications on a deeper level than most other public figures. Saylor is no ambassador. But he puts his money where his mouth is and sacrifices a lot of his time educating other people about BTC. He wouldn't have to do it... he is super rich... he could just enjoy life fucking models all day long until he dies. Saylor acts on conviction, because he gets how important BTC is for the world. And that's what many Bitcoiners value. Saylor got in very late, the Bitcoin party started long ago while he was busy playing the public critics role against Bitcoin most other figures in the Bitcoin community were busy accumulating more, now the music has changed and Saylor wants to join the party by all means. Anyways he is welcome on the list he can still fill some bags just left over anyway. The best pizza was served long ago. This is a strange thing to say, I think. Yes. If what you are comparing is the ability to have realized gains from under 1 cent to 30kUSD to the ability to go from 30k to 3 million. Then, Yes. He missed the best time to invest. But it was also the riskiest time. It is easier for big money folks to invest here than just about anywhere south of here... But make a list of things, that if they continue to exist, have a significant possibility to be a 100x investment from here? Otherwise, the party is still just getting started. |
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I am just here to publicly say... i barely know who Johnny Depp even is. I have never seen of those dress up pirate movies. I could not pick Amber Herd(?) out of a lineup, and I have no idea what the court case was about at all, other than someone shit in a bed.
I could not care less about that stuff, and I sort of think it's bread and circuses.
Seems like most folks liked the outcome.
I honestly think we are about to see the pendulum swing back from this post-modern madness we have come to where people are using emojis as their pronoun, and we have to "believe all women" etc.
In the US them coming to try to take the guns will probably be where the pendulum starts back over in fullness...
I totally agree with the sentiment of your post.... However.... never mind The pirates of the Caribbean... if you have not seen the following... they are all worth a watch Platoon Fear and Loathing in Las VegasTusk Transcendence Blow All worth a watch, Fear and Loathing, is especially good, it is one of my favourite books. (and the film was made before by others, but never made it to release as Hunter S Thompson did not like them.... he did however like this version with Depp... its pretty decent) Blow is pretty good.... Tusk and Transcendence are interesting for different reasons... I mean Tusk is demented (Depp only plays a supporting role) and Transcendence is not bad science fiction...... and Platoon , well, its Platoon. I could mention the Nightmare on Elm Streets that he was in and of course, Lost Boys.... As it goes, I was kinda "forced" to watch Pirates of the Caribbean(s) by this chick I was fucking... and, actually I was surprised, I actually enjoyed it. ps, yeah I could not give a fuck about the trial either, not really followed it.... but seems like a bitch got served for being a bitch... life's a bitch. I could mention the Nightmare on Elm Streets that he was in and of course, Lost Boys....
Side note: It wasn't Johnny D. in The Lost Boys, it was Jason Patric. My favorite Depp movies are The Legend of Sleepy Hollow, Secret Window, Public Enemies, and Ed Wood. Hmm! I have seen most of these... the ones I have seen are good. I do not know what it was with the stupid pirate gag that just turned me all the way off... I forgot about Platoon. |
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I predict monsanto makes a run at 210 shortly.
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I don't see why it shouldn't work; every move could be encoded in a mSat-amount payment - unlike smart contracts on Ethereum for instance, more or less activity in a channel doesn't put more strain on the network (channel / blockchain respectively), so you can absolutely use payment channels for high-frequency 'data transfers'. The utility or need for it, can be questioned, but it's fun from a technological perspective.
I guess the rub would be failed payment. So if the site required you to open and fund a channel? Then I think it would work well, but that's not going to be what most users do. On the other hand if people using hosted wallets wanted to play then things like WoS would usually be reliable, AND most likely have that channel open too. But wouldn't that be a trip to have the chips, when they are slid over to you be actually money in your pocket so to speak? That said... I think it makes the most sense to have a "deposit" like payment to be made with a withdrawal when you actually take the chips off the table. Thereby avoiding people going south etc. Anyway... some day |
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