for the science people wondering "how does it work"

first concept is to realise at the sub atomic level there is no substance. there are just frequency waves which enough waves combined at certain frequency do certain things.

from electric. to sound to light to xray
(the electro magnetic spectrum)

where certain frequencies resists/reflects other frequency and other frequencies combine or attract together. which is magnetism spectrum.. is what we feel as substance. others interfere(change frequency)and others are light frequency is the colour or ability to see it. and so on

an atom is filled with many(more then trillions) different frequencies to cause it to be felt and seen they emit these frequency waves. which with enough at certain frequencies become things like 'photons' (light energy) or sound or are attracted together in large(for nanoscale) to become substance

the process is to send enough waves from light-xray spectrum frequency which then breaks the hydrogen(bunch of frequency waves) magnetic repulsion range of frequencies, and changing the frequency to the magnetic attraction(compress/implode), which attracts and then reacts changing the waves that then represent helium +excess waves of lower frequency at the frequency useful for "energy"

this excess waves of lower frequency(heat energy) which then warms up water that is then sent to a turbine as steam to power a generator
 
they were able to do this where the amount of energy needed to cause the light-xray input.. caused an output of more waves of energy than were used to create the laser

dumbing it down...

2 grannies shouting caused 3 kids to scream. it caused more sound
(where sound represent waves.. but not at the sound spectrum/frequency)

media was reporting a (rounded) 2mj input gave a upto 3mj output
i first thought that was only 600watt in 800watt out

but that was at a faster then microsecond scale meaning, converted to a watts per hour. would be a huge number

of the exchanges..

i find that DCG was invested(ownership claim) in FTX and had contagion. and its sister company greyscale is offering shares. but wont disclose the reserves.. because those reserves are held up in coinbase and coinbase wont reveal the reserves to public not greyscale..

i see DCG being a "bigger risk"

binance has 25m customers. but coinbase has over 60m customers.

seems o'weary is stil a spokesman for "some company" because he is still sounding like he has allegiances even though his ftx employment contract should have expired the moment ftx lost o'leary his own funds

whistleblowers get blowback. but thats the cost of calling out on a scam..

so i can understand why cry babies blame other victims and call out on a whistleblower as the bad guy

binance seen some bad deeds and asked for a refund/withdrawal of value..
this is not theft or sabotage. this is "fuck this im getting out of this risk"

alot of idiots think if binance stayed quiet then users could have magically suddenly had the lightbulb moment to get out before FTX sunk naturally..

but if binance did not out FTX and disclose the bad deeds of FTX people would have stupidly continued to invest in ftx in blissful ignorance until they drowned with FTX at a later date

in short all binance done was bring to light something that would have hurt investors eventually anyway. it just happened sooner rather than later

well

~$1.2b of $8b
about 15% at most so far

call it 10cents on the dollar at most after lawyers and consultants fees

in other related news
kevin oh weary(i mean o'leary)
https://youtu.be/uK7QXlgtbdg?t=15
is trying to suggest that when binance seen bad practices by SBF and requested a refund  and got a refund. kevin is suggesting that binance stole the funds that made everyone else insolvent
(facepalm) shameless guy.

if he is ok with making accusations then he should start closer to home with his best friends SBF

els salvador made the mistake of buying bitcoin at government level for future benefit of citizens via government investments that will fruition i a few years
however they also made he mistake of being conned into accepting the LN network with a faulty software, flawed protocol, lack of rules/consensus and limited liquidity being touted as "bitcoin" which lead to 3 months of headachs at he end of 2021 when the president was trying to get user adoption..

since then he switched away from LN and is now using a CEX of btc utility for its people and businesses. but has put the promotion of such on the back burner until everything is truly tested and funds are assured and issues are ironed out to not be a repeat. in short he is being more cautious this time and doesnt want to get burned by another services managing users funds [and maybe overpromising] things.

education can be very simple. a few youtube videos or tv adverts strategically placed can reach the masses of elsalvadorians

the 3 month scale ranges from $16k-$21k (rounded)

so a $17k is not some massive hype or crash or bull or bear. its just small movements in comparison to the yearly amount

i personally have a huge hoard from decade ago and sooner but im still happy to accumulate more while prices are below $20k

its discount season, great value.. compared to last years premium

twitter acquisitions happens months ago..
price didnt tank till this week

this weeks tesla share drop was because elon sold $3.6b of his own shares
the shares were sold over 3 days (monday tues day wednesday)

just to truely clarify

the article is an opinion piece wrote by a guy sponsored by lightning services(bitrefills). where he goes into restaurants malls and pharmacies advertising they accepted(past tense it was old signage they did not remove) 'strike' (lightning payments). and are told that the restaurant no longer accepts that payment

lightning (via strike) IS NOT BITCOIN

LN is a separate network
bitcoin is on the bitcoin network it never leaves the bitcoin network. whats 'paid' on the LN network is a different unit of account using a different payment relay system and units are 1000x smaller units than the bitcoin network even understands

that LN trial that started in september 2021, failed within 3 months due to complexity and liquidity issues of inability to process funds transfers

LN failed.. not bitcoin
i absolutely hate it that LN fangirls promote the dreamy hype of their silly network. yet when their network has a flaw of fails "bitcoin failed" is creamed out

LN is not bitcoin!

much like Wbtc Lbtc renbtc are not bitcoin, when subnetworks of pegged value fail its not bitcoin that failed

the linked article is a opinion piece based on a previous story by the writer

where he keeps saying he wants to pay in 'bitcoin'..
but all along he is looking for "pay with strike"(an LN system)
and its not until halfway down and by his story a few days into his visit that he finds somewhere that accepts LN for the purchase of sim cards

https://bitcoinmagazine.com/el-salvador-bitcoin-news/revisiting-el-salvador-bitcoin-year-later

asking for strike and pretending your asking to pay with bitcoin is 2 completely diferent networks and units of measure

el salvador deemed strikes lightning scheme a failure in january 2022 and instead went with a CEX model for bitcoin custody accounts for citizens and merchants

prompt extradition?
last i checked he has to stay until february at the earliest
yet i can buy a ticket and be in america by this weekend

though rainfall is low.. what you are also finding is the stupid politics of the water authority that gives out water "quota's" to counties, which the water authorities has for years been pretending more water exists than actually available to ensure california gets a nice amount of quota for water that does not exist

however because it awarded quota's to states that then divide it up to counties that then divide those quotas to farmers, where those farmers dont want to lose those quota's rate next year and so they have to fully use up their water amount this year to retain that rate. (it doesnt benefit them to save water) so they plant silly produce like nuts and avocado's that waste more water. just so they can use up their quota to retain their quota rate for the next year..

this leads to more water being sent to upstream counties which then means by the time the river flows down stream there is less water left.

3 months ago. the water authority demanded cuts to the quotas for ONLY arizona and nevada..
meaning good old california get to have as much as they want(quotad to have)

this meant that the cut to the quota's left some farmers with less water. in arizona.
yet the californian vineyards got to keep making their wine without exclusions
https://youtu.be/cp1ST9MxDcY?t=147



in short
nevada had to cut back to give more to califorina so that california can keep going, but meant arizona had to cut back as there were obligations that there needed to be some water left south of arizona

its funny how they say nevada and arizona are experiencing a drought of the colorado of decades .. yet california only 3 years..

and lets not get started on the fact that nevada, california and arizona are naturally desert states, where by there is a stupid over population of people on land that meant to be uninhabitable naturally

gotta love how the water agencies shuffle quotas around to give favourable amounts to certain locations and unfavourable limits to others OF THE SAME RIVER, and then say "blame climate"

if they for the last 2 decades actually measured water yields of reservoirs and then done a proper % split of amount per state. they might actually have had a better share and used less over all to keep some of the reservoir water locked in. instead of sending it all to california to grow nuts and avocados

its basically 80% bad math of quotas cause and 20% due to less rainfull to cover the bad math up

trick your brain into stop worrying

look around your home
1.  try to see if the thing that is causing stress is physically in your room
2. locate 3 items in your home. physically pick them up, put them down
3. try to touch the thing that is stressing you

if the item that stresses you is not in your room or you cannot touch it. realise that you cannot impact it in anyway from where you are/at that time. AND realise that it is not bruising you or punching you or physically falling on your head.

look out the window or door
is the stress something in your yard or street.
if not it cannot impact you

think about the item that stresses you. can you do anything about it right now this second

if not then stop worrying about it. think about other things.
if you cant change it. there is no point thinking about it.

use your time to change the things you can change/impact

2013 and 2017 and 2021 are all ATH that are 1 year after a halvening event

its where prices speculate to premium bubbles and get too high. and then correct down back to value

the highs are pre bubble. the hype and premium. they are not sustainable prices.

the correction is back down to sensible sustainable value amounts

welcome to the world of the 4 year cycle

pure bull crap

first its trying to call developers and miners "money service businesses" .. they have no clue at all

secondly extending bank secrecy act and KYC has nothing to do with protecting the customers funds from rogue exchanges. but make non exchanges to now stop accepting transactions unless people provide ID.

none of that has anything at all to do with protecting the consumer

ok everyone
use the bill proposers contact page
https://www.warren.senate.gov/contact/shareyouropinion
https://www.marshall.senate.gov/contact/contact-form/

tell them exactly why a developer and miner is not a money service business

inform them that they are trying to do the equivalent of:
asking dollar retailer of goods and services to ask for photo ID on every starbucks coffee purchase where the barista has to verify every ID and photocopy every ID and store it incase questioned later.

customer: can i have a latte
barrista: do you have a photo ID and can you wait 24hours whilst we run an employment, social security and a credit check on you.

..
tell the politicians that its also like they are asking the postman that collates peoples pay cheques/bank statements/gift cards into a sorting office. to ask people to supply ID every time someone posts a envelope containing money/cheque

tell them they are trying to play dumb to enforce a stupid policy that has absolutely nothing to do with consumer protection

not complete, in full
but the current administrator (ceo) has found atleast $1b of the $8bill hole. so expect at most so far 10cent on the dollar after lawyer/admin syphons, oops i mean consultation fees

oh and also expect the gratuitous "for the benefit of maximising returns" 3-4 year delay of waiting for the next halving cycle before pay out.. to have the values in dollar amounts multiply to then maximise returns

if your the sole person signing. then you are being too elaborate to be running off to 3 locations if you are the only signer. id only justify running off to 3 locations to sign if the values were more then a few months/years salary. and worth the journey each month(infrequently)

usually just airgapped at home and put the device in a strongbox thats welded to the foundations of your home.


and each of those addresses have a corresponding private key

you personally dont manually with your fingertips on a keyboard create them. but the software is doing it. and storing it in the wallet. so just be cautious of the wallet file

for the 25% single. treat that as your hotwallet regular spend

for 75% the multisig. if you are the sole signer. obviously you end up putting the keys into a wallet to maybe once a month top up the single.
but because you the sole signer they all end up in one pc anyweay so spreading the keys out is less than needed (unless value risk is extensive to be worth the extra efforts)

just be sure to have a 'change' address that the remainder goes to that is a new multisig. so that you can wipe the wallet after spend and be at no key use risk. and have new private keys for the 75% hoard each time you use it (dont re-use address per spend)

where you have not put the priv keys into a online pc of the new multisig. you just make the public multisig offline to grab the public address to be used as the destination of the change.

and only reveal the private when its time to spend

that way your not having to reveal the private keys too often and only use them once.

as said. if you were to be putting those keys into a bank safety deposit box. it then becomes a hassle to do that each month. so only needed if you are going to be not touching 75% hoard that often or the amounts are just to much value to risk hoarding keys at home.

but obviously to generate these keys even before funding the addresses should be done on an offline system

..

but in short. just do what feels right to you dependant on how much value you feel is at risk and how much elaborateness you want to mitigate the risks, dependant on how awkward it would be to manage making payments each time you want to make a payment.

so think more about how your lifestyle fits your value. more then the technology capabilities.

i dont think SBF will be given an 'epstien neck tie'
epstein had no kids or wife or parents to care about him.

SBF has devoted parents. so SBF will do deals to reduce/avoid his sentence

it all depends on how much value you are hoarding/spending that can decide how elaborate you wish to have it

but keep in mind these 2 things

have 2 wallets
reduce the amount of use of a master/privkeys use on an online system

small spend amount
large spend/hoar amount

dont keep all funds on one address no matter how elaborate you make that address composition

also if your the sole signer. ensure you are not key leaking by having the keys on a system that is online often/at all.

if you are going to be online spending often. definitely use the small pot big pot idea where the big pot is not used as frequently and used just to top-up refill the small pot

its more about decisions of your lifestyle and personal finance risk that matters more then the technical abilities of key creation.

EG if its grocery amounts. dont worry too much. if its car purchase, house purchase, island purchase amounts.. then get more elaborate

issues with multisig

before even funding the keys you have to create the keys. and then consolidate them into a multisig for your funding and then use them repeatedly to then sign funds as you move them regularly..

thus your home system initially has to use a master key.. to make the child keys to then have to walk to a bank and rent a safety deposit box

setting up a master key on an offline computer. is always the first step even before buying a safety deposit box at a bank vault.. to put the keys into..

so step one is creating the keys..which i suggest using a master key to create 2 child keypairs
(well a triplet elder brothers key set for the multisig) and then a child key(legacy/single) for daily spend easy access

where you for ease of use for daily spend only use a small amount of funds allocated to it the single use. which does not need the elaborate walk to the bank/log into a service need.

and separately once a month top up that small spend address with another wallet that is more elaborate in its security

but then still have the master key held in secret by you alone..

EG if 2 banks were robbed.. you can still quickly use master key at home to generate the 3keys again and move your large stash of coins out before the robbers get to the copies of the keys you put in a banks vault


(personally i dont see the need for the elaborate bank vault separation of keys unless you are to wipe your wallet files daily to ensure no one can hack your online pc at home..

to me as long as you keep your master key offline(separate device) secure. then a hacker cant get to your master keys)

but its all from the prospective of how much value you are storing and such

EG usually institutions have 3 managing partners with 1 key each.
but if you are sole custody sole human signing. all keys end up on one system, so whats the point in triple signing(unless you are denying yourself easy access to keys by wiping wallet files per use and having to physically go to a bank /online store source/card source to gather the keys per use)

value at post today of the 195,869,337 FTT transfer last month is today $274m
so yea not really worth even trying to sell as just selling off that amount would crash the market and make them worth less than that to cash out..

days/weeks before his arrest SBF was hoping  that FTT would ATH again at a 20x of transfer dated price ($400m) to make value of assets in bahama custody $8b

of course it wont happen even at a 30x of today to get a $8b  value of the 195m coins.. that still wont net the bahama gov $8b because as soon as they sale them it would crash the ATH