codearchy

Awkard truth #2: Layer 2's won't solve the problem of high #Bitcoin transaction fees either. *Somebody* has to keep fuelling the miners with economically inefficient fees, to keep the network secure. But there's a name for businesses that dramatically raise their prices for the same offering, in a market full of battle-tested alternatives: bankrupt.

Awkward truth: A high-fee environment for #Bitcoin will be terrible for Bitcoin in the same way as a high-fee environment for anything else. If you (inevitably, in Bitcoin's case) significantly raise your prices (transaction fees) without also offering significantly more value in return, users will flock to #Monero and other low-fee tools that already are way faster, way cheaper, and offer unparalleled privacy and sovereignty. Will that persuade the maxis to change their minds? Trick question. Nobody cares.

I'll add: Decentralisation breaks the "Orient" part of the OODA loop as well. When, instead of a single server operator, you have hundreds, thousands - or even millions - which one do you target? #cypherpunk #decentralised View Article →

For self-hosting: If you don't use an #Umbrel or #Start9, what is your preferred (DIY?) alternative? #asknostr #selfhosted

As someone who primarily uses #Monero, I am slightly envious of all the #Bitcoin wallets, cold storage options, and integrations (eg. zaps) out there. And some projects (like #cashu) are doing good work for #privacy in Bitcoin. Still, those who chased fiat returns over decentralised, permissionless, digital cash ended up with neither. Monero seems unstoppable and inevitable. With every delisting, its value in fiat terms increases (ironically). Its utility as a fast, low-fee, private, self-custodied way to buy and sell actual goods and services is proven.

Some paths on the journey to discovering #Monero are more expensive than others. 😎 View quoted note →

When #writing non-fiction, remember: Most books can be reduced to a blog article. Most paragraphs can be reduced to a sentence. Most words can be left out. The less you say, the more you will be heard.

We don't live in a post-truth world. Reality exists, whether you like or not. The truth is out there, plain for all to see. The problem comes when those who enforce the law are controlled by those who break the law. When that happens, the rule of law is dictated by whatever laws the ruler makes.

Seek affinity over seeking to persuade. Energy wasted on trying to make others "see the light" is energy you could have spent on building, collaborating with others who already share the same vision and ideals as you. Arguing with your opposition merely amplifies their signal. Persuasion pressures you to warp your message. For every new "convert", you end up a little further away from where you started. A tiny little cost paid, a small compromise made, for getting that next person onboard. But small costs accumulate. Until one day even you forget what you were fighting for in the first place. Instead: Radiate your ideas. Those who resonate will gravitate towards you. They're not necessarily even convinced yet, but at least they're paying attention. Maybe even starting to contribute to the discussion, the codebase, the community. And those who aren't interested are no matter for you. You can't please everyone. In fact, you shouldn't aim to please anyone. Don't just speak in the language of your favorite influencer to fit in. Develop your own voice. Don't try to be a better version of someone else. Focus on being the best version of you. #anarchism #freedom #permissionless

Fun fact: Only 10% of Wikipedia is in English. And it lacks millions of articles found in other editions.

English Wikipedia - Wikipedia