Notices by cjd (cjd@pkteerium.xyz), page 52
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cjd (cjd@pkteerium.xyz)'s status on Tuesday, 31-Jan-2023 23:22:36 JST 
cjd
UAE comes to mind as an implementation of (1).
A more extreme example would be sniffing glue. Nobody should be doing it, at all, there's no excuse for it. But legal efforts to try to prevent people from sniffing glue will only serve to make the world a worse place to live in. -
cjd (cjd@pkteerium.xyz)'s status on Tuesday, 31-Jan-2023 06:54:06 JST
cjd
Meedeeuhh trying to make Teslas sound "vaguely bad", but accidentally promoting Tesla safety because noone takes them at face value anymore. -
cjd (cjd@pkteerium.xyz)'s status on Tuesday, 31-Jan-2023 05:19:45 JST
cjd
Hard limited block size is a really good idea whatever Blockstream or anyone says... Because whatever block size you can imagine, it will never be enough in the long term.
Also, bidding up the cost of block space keeps the spam out and pushes most casual txns to side chains and lightning channels where they belong.
Also, it's a really good idea to never ever EVER modify the consensus rules. To the point where I am in favor of wallet software spot checking blocks and rejecting the chain if the block does not match consensus. Because once consensus rules CAN be "tweaked a little", then you open the door to people lobbying to change a little more and a little more (See: Ethereum). -
cjd (cjd@pkteerium.xyz)'s status on Tuesday, 31-Jan-2023 00:54:41 JST
cjd
What I like about BTC is that they have not had a hard fork since, I think, 2010 -
cjd (cjd@pkteerium.xyz)'s status on Tuesday, 31-Jan-2023 00:53:18 JST
cjd
I don't think it really matters. Setting a hard block size limit and sticking with it is a good idea. Bitcoin isn't meant to replace Mastercard, it's meant to replace physical transport of gold - so anything less than $1000 transaction fees is winning. Higher fees make bigger block rewards, which will become more and more important as the block subsidy decreases.
If Blockstream wants to forbid people paying 100k to put their dick pics on the blockchain, what are they going to do, change IsStandard() ? Cool now you need to pay a mining pool. Change consensus rules? That's a hard fork so forget it.
> 2011-08-25 18:54:55 <cjdelisle> ran out of prayers?! That explains the price drop.
https://bitcoinstrings.com/blk00003.txt -
cjd (cjd@pkteerium.xyz)'s status on Tuesday, 31-Jan-2023 00:53:16 JST
cjd
Where did you get the idea that Visa level transaction load was going to be possible ? -
cjd (cjd@pkteerium.xyz)'s status on Tuesday, 31-Jan-2023 00:53:12 JST
cjd
Then why not just use BCH? -
cjd (cjd@pkteerium.xyz)'s status on Friday, 20-Jan-2023 12:00:01 JST
cjd
If you don't stop buying bitcoin, we're going to...
<checks notes>
PRINT MORE MONEY!!! -
cjd (cjd@pkteerium.xyz)'s status on Saturday, 14-Jan-2023 09:40:19 JST
cjd
Realistic attack on Bitcoin: High fee spam transactions
Say 1000 small transactions fit per block (for the sake of argument)
If you can expend $20,000 per 10 minutes ($2.8mn per day) you can set the price floor on bitcoin transactions at $20.
For $14mn/day you can put it up to $100.
Solution: Rank transactions based on not only fee-per-byte but also coin-days-destroyed so that shuffling money from one pocket to the other (i.e. spam) is more expensive than ordinary usage. -
cjd (cjd@pkteerium.xyz)'s status on Saturday, 14-Jan-2023 09:40:17 JST
cjd
What's your preferred store of value ? -
cjd (cjd@pkteerium.xyz)'s status on Saturday, 14-Jan-2023 09:40:13 JST
cjd
"backed by gold" means it's fractional reserve = #NYKNYC
Gold in your possession IS a good answer, but it is awkward to deal with. Bitcoin has really impressive monetary properties (can be cheaply transferred anywhere, represented as a sequence of words which can be memorized, etc). Also if you're buying up gold, you're buying it from bankers which is kind of a bitter pill... -
cjd (cjd@pkteerium.xyz)'s status on Saturday, 14-Jan-2023 09:40:12 JST
cjd
Actually "backed by gold" is the worst kind of fractional reserve, because eventually when enough people take possession, the currency will inevitably collapse like a dodgy crypto exchange. -
cjd (cjd@pkteerium.xyz)'s status on Saturday, 14-Jan-2023 09:40:02 JST
cjd
I like Monero. The only thing that I could possibly say against it is that they hardfork the chain, and we all know from Ethereum that when hard forking is considered acceptable, anyone can propose their stupid ideas and potentially gain traction.
One thing about Bitcoin which is really excellent is that hard forking is considered "unthinkable". Monero is cash, Bitcoin is savings.
BTW: PKT, my project, had exactly 1 hard fork, 6 months into its existence (early 2020) because I got the PoW wrong and it wasn't actually bandwidth hard. -
cjd (cjd@pkteerium.xyz)'s status on Saturday, 14-Jan-2023 09:40:00 JST
cjd
Where ? -
cjd (cjd@pkteerium.xyz)'s status on Friday, 13-Jan-2023 22:05:37 JST
cjd
In The Bitcoin Standard, Saifedean Ammous points out the destruction of art under the era of fiat money. He eloquently argues that art has become "fiat art", which requires no actual skill and is of no intrinsic value but instead depends on gaslighting people into thinking it's valuable. A perfect reflection of fiat currency. -
cjd (cjd@pkteerium.xyz)'s status on Thursday, 12-Jan-2023 09:41:09 JST
cjd
> Tested 99th percentile IQ
> Redditor
Mmmhmm, sure you did... -
cjd (cjd@pkteerium.xyz)'s status on Thursday, 12-Jan-2023 08:52:42 JST
cjd
Wokism has to be one of the best pieces of evidence we have that the "elites" are actually brain damaged degenerates following a playbook written by their great great grandfathers. If they knew what they were doing, they wouldn't be undermining themselves so thoroughly. -
cjd (cjd@pkteerium.xyz)'s status on Thursday, 12-Jan-2023 05:15:26 JST
cjd
Biggest problem with gold is that self-custody is hard, and goldsmiths inflating the supply of gold certificates is how we got into this mess in the beginning.
Bitcoin has really REALLY good monetary properties, but usefulness is limited in the short term by volatility (I think this will settle out over time).
I think you're over-estimating the relevance of Israel here, remember it's the UK who created Israel in the first place. Historically, Jews have never been particularly powerful, they were an underclass, but there's a lot of history of European royals hiring Jews to do their dirty work and then blaming everything on them. Geopolitics is complicated. -
cjd (cjd@pkteerium.xyz)'s status on Wednesday, 11-Jan-2023 20:14:23 JST
cjd
There is a great body of evidence pointing to some kind of shadow government ruling the west. From the eerie level of coordination between supposedly independent media, to the near universal unwillingness to investigate apparent criminals such as Hunter Biden, and, lets not forget, the visceral reaction they have when an outsider such as Trump gains any sort of power.
But governments of any kind are messy, and this level of coordination for this amount of time, without any serious leaks or defections, is admittedly hard to explain.
I propose that the corrupting influence of fiat currency is so absolute that this "shadow government" is in fact an emergent property of it's profane power. Like the rings of J.R.R. Tolken, fiat devours the souls of the clever and ambitious in society, leaving meek servants of Moloch the money printer.
120 years ago when gold was money, the great names of wealth were those in such productive industries as railroads, steel, and oil. Today they are the titans of propaganda, ad-tech, and financial services.
This is neither an accident, nor an intentional decision. The money printer is a cursed artifact, whoever controls the allocation of capital must do everything they can to protect the status quo. When they fail to do so, they are rapidly displaced by someone with the cleverness and cynicism to do the money printer's bidding.
🤡 💵
🤡 🌎 -
cjd (cjd@pkteerium.xyz)'s status on Thursday, 05-Jan-2023 05:19:17 JST
cjd
When it's 6AM and you hear someone banging at the door, you're gonna WISH you installed pleroma.
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