ugmug ⚡ boosted

Bitcoin is going to $100mm happy new year

ugmug ⚡ boosted

Faith in the Dollar Fading, Hillary, Trump Fear Bitcoin, More FUD | Simply Bitcoin | EP393 bitcointv.com/videos/watch/a37

ugmug ⚡ boosted
ugmug ⚡ boosted
ugmug ⚡ boosted

I have set up my own Lightning address using Bridge Address Server by
bridgeaddr.fiatjaf.com and using my own @getumbrel node. By following this bridgeaddr.fiatjaf.com the set up was quite easy. Now it's possible to send sats to [email protected] 😎

ugmug ⚡ boosted
ugmug ⚡ boosted

🚨 bdk 0.15.0 is now out just in time for Christmas 🎄 ! Most of the changes are under the hood, primarily a restructure of the electrum/esplora sync logic.
github.com/bitcoindevkit/bdk/r

ugmug ⚡ boosted
ugmug ⚡ boosted
I used to always try putting Bitcoin in my wife's family gifts. Kati would always disapprove so I've never given her family any for the holidays. I regret this.

You bought more bitcoin when it was under $50k, right anon?

ugmug ⚡ boosted
ugmug ⚡ boosted

Non bitcoin accounts I should be following??

ugmug ⚡ boosted

JUST IN - Trading halted after Turkey's main stock index plunged over 5%. Turkish Lira against the USD continues to lose value at a breakneck pace.

ugmug ⚡ boosted
Coming up on 1 year on the fediverse.

I started out self-hosting my services with a nextcloud. It was really great having access to a service like that anywhere I went. It was a shock to realize that when you run your own service you can use it however you like -- there's no admin to complain that you're not using it the way they want.

Shortly after, big tech started their shenanigans in earnest -- Once they've banned the sitting president of the united states, there's no chance of escaping the censorship.

I started out on alt tech, minds and bitchute. They were fine, but you could see that all it would take is someone to change their minds about how to run the site and suddenly we're back to square 1. On supposedly free-speech minds, one of my posts got reported and at that point I just wasn't interested anymore.

Around the same time, Google had been warning they were going to shut down hangouts. Over my life, I've had a lot of services I use shut down or change such that I can't use it anymore, and it's getting annoying.

I started to go about figuring out how to start up my own service.

I tried Friendica at first. There are some things I really liked about friendica. Once I got the interface working the way I liked it was definitely a looker, and I still prefer the way it shows threads by default. Unfortunately, I found that friendica was very heavy on the back-end to the point that I wasn't able to know for sure if my posts were getting out there. If I had a beefier server it probably would have been fine, but I didn't.

Next I moved to pleroma, and it was much more responsive.

Today I'm running pleroma on the back-end with soapbox-fe as my front-end. Along the way I also set up a peertube instance, a searx instance, an invidious instance, a Matrix homeserver, an xmpp homeserver, and a lotide instance.

It's really cool! Essentially, most of the tabs I have open now are from my own services.

There's lots of interesting people on here so content isn't really a problem. Some people have reported my posts, but that's because they're literally stupid. Every report I've seen is "I disagree with this guys politics!" which was summarily ignored.

The only service I still routinely use from big tech is youtube, though now mostly through my invidious instance. I spend a lot of time on my peertube instance, however.

I'm pretty sold on the fediverse ecosystem at this point, and I'm totally sold on self-hosting. Nobody will get rich off of it, but what I envision is someone coming up with a box that you can install in your house that will allow setting up and maintaining self-hosted services automatically, and then everyone would be independently using their own services that communicate with others' self-hosted services.

I grew up on the Free Internet. I don't care to live on the locked down Internet. I like seeing ideas I don't agree with. I like seeing things that make me feel uncomfortable. I like seeing things I think are wrong. I like seeing things that make me think and maybe change my own views. This is the last best bastion of freedom left.
ugmug ⚡ boosted

Historical #BTC prices for Dec 21st

2021 - $48717
2020 - $22753
2019 - $7145
2018 - $3963
2017 - $15707
2016 - $819
2015 - $439
2014 - $329
2013 - $600
2012 - $13
2011 - $4.38
2010 - $0.25

ugmug ⚡ boosted

This new custom emoji will save you one extra emoji character every now and then in these challenging times: :clown_world:

(Shortcode "clown_world")

Ranting about ASIC resistance 

But for an ASIC resistant chain, an actor pulling off the same attack would be able to resell their hardware, reducing the overall cost of the attack. ASICs are necessary to secure a large amount of value. Exactly what that amount of value is has yet to be seen, but as the ASIC resistant coins gain in value, the payout to attack them increases as well.

Great article here: medium.com/hackernoon/asic-res

Show thread

Ranting about ASIC resistance 

The capital requirements of setting up a miner for an ASIC resistant chain vs an ASIC chain do not amount more decentralization because of the added security provided by ASICs. ASICs are a moat. General purpose computing, whether CPUs or GPUs, can be repurposed back to consumers, while ASICs cannot. An attacker must source and acquire machines that have a single purpose in order to attack , and if they are successful, those machines will become worthless.

Show thread

Ranting about ASIC resistance 

ASICs do not centralize mining any more than an ASIC resistant coin because mining for any popular coin will naturally gravitate to cheap and available energy, which is typically not residential (grid) energy. The only reason you don't see many mining farms for shitcoins is because they lose out to over time anyway, so they are not worth the investment to set up in the first place.

Show thread
Show older
Bitcoin Mastodon

Bitcoin Maston Instance