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djschnei

417 karma · joined February 7, 2014

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djschnei··on Bitcoin has made a new all-time high price
You don't adjust currency pairs for inflation
djschnei··on Flare, a video sharing site built on Nostr
Nostr isn't a blockchain...
djschnei··on Show HN: An app to create asynchronous micro podcasts
This would make for a very interesting nostr use case.
djschnei··on Misinformation should be refuted, not censored
As long as the ruling class thinks your speech is responsible, then speak away!
djschnei··on Misinformation should be refuted, not censored
That comparison makes zero sense.

The police are a way for us to delegate our self-defense to a third party, the state. We give the police a certain level of authority in return for (hopefully) safety.

In your metaphor you're suggesting, "don't protect yourself, you already delegated that responsibility".

Censoring speech on the internet is exactly the same delegation of responsibility. "Don't protect yourself, delegate that responsibility to the censors".

Your metaphor is making the opposite point that you're intending.

djschnei··on Social Media is broken. Can we fix it [with nostr]?
This protocol gives me so much hope
djschnei··on Tips for Building Resilient Payment Systems (2022)
Lightning network did it better
djschnei··on Damus to be removed from App Store as zaps could be used to sell digital content
The twitter app literally has the same tipping over bitcoin/lightning functionality built in. Also there is zero way to paywall content (or anything) within the Damus app. Literally just (the) tips. Apple and Will have a call this afternoon to discuss - hopefully logic prevails.
djschnei··on Bitcoin Legal Defense Fund is fighting for the future of open source software
Craig Wright is such a gigantic tool. Anyone that puts an ounce of weight behind a single word of his is an even bigger tool. Sue me.
djschnei··on Nostr (“Notes and Other Stuff Transmitted by Relays”) – An Introduction
Ideally you'll connect to several relays
djschnei··on Domain Names as Handles in Bluesky
Seems like a direct implementation of how Nostr handles verification. Nip-05 describes how it's done and is successfully implemented in most Nostr clients:

https://github.com/nostr-protocol/nips/blob/master/05.md

djschnei··on Mohammed bin Salman: Saudi leader given US immunity over Khashoggi killing
We want to be green so we're trying to stop drilling for oil. But we also need oil because our society runs on it. This guy has oil. This guy can therefore do whatever he likes.

This is obviously way better than drilling at home.

djschnei··on Economic growth no longer requires rising emissions
"Degrowth" aka the poor will have to deal with it. aka lots of death and suffering in places I can't see so it doesn't matter.
djschnei··on Online card payments still suck
I do believe 99% of crypto projects vastly misrepresent their risks, their control/influence structures, and their intent. I do believe 99% of crypto projects are clever ways to hop on a hype train to farm dollars from retail. I do believe Bitcoin is different. Bitcoin is a cryptocurrency -- 'crypto' is colloquial term to specify an industry.
djschnei··on Online card payments still suck
I made characteristic claims about a solution I see fit for the OP problem statement.

When he asked if I was talking about ETH, I told them I wasn't.

You're hijacking a thread to push your form of maximalism.

Would you like to discuss the differences between ETH/Altcoins and Bitcoin/Lightning? Or would you rather just label me a maximalist to dismiss the claim?

djschnei··on Online card payments still suck
Average fees are fractions of a cent.

Centralized systems are much easier to capture and historically always are.

A 51% attack on Bitcoin/Lightning isn't impossible, but incredibly unlikely.

https://www.swanbitcoin.com/fact-check-darpa-funded-report-o...

djschnei··on Online card payments still suck
Not Ethereum. Ethereum has a lot of massive problems. Not 'crypto' which is by and large a scam.

I'm talking about Bitcoin with The Lightning Network.

Most payments I make over Lightning, regardless of size, carry a fee of fractions of a cent. On an average day I make 50+ payments over lightning - on aggregate the fees add up to less than $.01

djschnei··on Online card payments still suck
If only there was an instantaneous, nearly free (cost per transaction), opensource, anyone-can-access, infinitely scalable, infinitely interoperable, payment rail that we could start building solutions on top of...
djschnei··on Our domain and 700 non-profit sites got blocked by Meta
ummmm, have you seen our criminal justice system?
djschnei··on SEC charges Kim Kardashian for unlawfully touting crypto security
Nope. Merely pointing out that the transfer of wealth from fleeced retail to founders/insiders can hardly be summed up by 1 promotional transaction. This was a project and promotion with a single goal: hype and price pump in order to transfer wealth.
djschnei··on SEC charges Kim Kardashian for unlawfully touting crypto security
She was paid by the project founders 250k. You have no idea what she profited by pumping and dumping the shitcoin itself.
djschnei··on SEC charges Kim Kardashian for unlawfully touting crypto security
Does very little to help the laimen that got fleeced in yet another crypto pump-and-dump... I wonder if the whole ordeal was still profitable for her. You know it was for the Eth Max founders. At least they had the guts to officially call it a "crypto asset security"
djschnei··on SEC charges Kim Kardashian for unlawfully touting crypto security
Does very little to help the laimen that got fleeced in yet another crypto pump-and-dump... I wonder if the whole ordeal was still profitable for her. You know it was for the Eth Max founders. At least they had the guts to officially call it a "crypto asset security"
djschnei··on Crypto CEO behind $2.5B 'rug pull' arrested
/s
djschnei··on Crypto CEO behind $2.5B 'rug pull' arrested
Especially in Bitcoin circles, the classical economic view of property rights is pretty much a cornerstone of the ideology. Many would argue defending property rights is one of the most legitimate utilizations of Government force. I'm not sure I understand your point, at all.
djschnei··on Mainnet Merge Announcement
let's just rebrand it JPMcoin and get this charade over with already...
djschnei··on Celsius Network Files Chapter 11 Bankruptcy
I could totally be missing one, but they're the only one I've seen with this feature. Their website is dead simple also. Something my mom could setup. Can't recommend them enough.

Funny enough I discovered them because their founder/CEO was very loudly warning people about Celsius for like a year before it happened.

djschnei··on Celsius Network Files Chapter 11 Bankruptcy
This setup took roughly 15 minutes to setup. Most of that time was spent in ADP.
djschnei··on Celsius Network Files Chapter 11 Bankruptcy
Predictable from the beginning.

Sane setup:

1) Auto Direct deposit % of paycheck into something like Swan Bitcoin

2) Daily auto DCA using direct deposit balance

4) Weekly auto withdrawal to cold storage

Set it and forget it. Trust minimized. Sleep soundly.

Mashinsky is and always has been a huckster.

djschnei··on U.S. Treasury sanctions virtual currency mixer Tornado Cash
When the guys with guns say so.
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