SBS

IT Security / Network Engineer / CMMC / BTC node operator

[SBS @SBS222444]

I present to you: "Replication of Quantum Factorisation Records with an 8-bit Home Computer, an Abacus, and a Dog" by Cryptographic researcher Peter Gutman." as the context that Bitcoin has nothing to fear from quantum.

While I am no cryptographic expert, I was that kid that ace'd college physics and calculus courses when I was still in high school and this paper makes perfect sense to me.

Most academic papers are dry and boring but this one is full of wit and had me laughing out loud several times. If you have any kind of background in programming or math, this will be a fun read for you.

TLDR: calling what exists today a quantum "computer" basically amounts to fraud. Quantum computers don't exit. Therefore bitcoin has nothing to fear from them.
https://t.co/7Ms2yZzdYX

[SBS @SBS222444]

@rstormsf @zachxbt why no mention of @bluewalletio ?

[SBS @SBS222444]

@rstormsf @zachxbt 💯 agree. Thank you for helping me feel like I am not the only crazy guy on an island.

[calle @callebtc]

If you're a Bitcoiner then you might be lucky enough to receive two whole shitcoin airdrops this year. Here is what you need to know, including a few warnings and how you can stay safe.

This year, two of the most eccentric Bitcoiners who couldn't succeessfully change Bitcoin even if they sold their mother, will finally fork off and find out how it feels to be a shitcoiner with your own chain:
- Paul Sports, the BIP300 guy who hates Lightning more than I hate shitcoins, and
- Luke Dashjr, the BIP110 guy who eats cats and can't stop thinking about CSAM.

Strange characters, great to see them go their own way.

What does that mean for you? If you have say 1 BTC to your name, you will now also have 1 Paul-BTC and 1 Luke-BTC. Even if your own Bitcoin is stored on a hardware wallet, you will now also have two shitcoins that are also secured with the same keys as your real Bitcoin.

Do I have to do anything? No. This all happens automatically. You don't need to do anything, you wouldn't even notice anything has happened. After all, what do you care whether some dude has forked Bitcoin and decided to become a shitcoiner. You can chill.

What if I want to dump it? Obviously both of these shitcoins will be worthless and will go to zero so you might be tempted to sell them. Many of us never played with shitcoins so this is a real temptation. In the most likely case, there won't even be an exchange where you can sell these coins because both are going to be pretty small and pathetic, unlike previous attacks on Bitcoin that tried to fork (Bitcoin Cash, Bitcoin Gold, ...).

If you decide to move these shitcoins to an exchange (and assuming there will be wallets that help you do so), a few things are important to keep in mind:

- There will be wallets that help you move your forked shitcoins. These wallets might ask you for your hardware wallet's seed phrase and pretend to be nice but will actually steal all your BTC. NEVER AND IN NO CIRCUMSTANCE ENTER YOUR HARDWARE WALLET'S SEED PHRASE INTO A COMPUTER. Wait for reputable wallets to appear that have been audited and thread extremely carefully. Even if you're a "pro Bitcoiner" you can lose your life savings if you mess this up. I repeat: If you enter your seed phrase into a malicious wallet, you could lose all of your REAL Bitcoins, not only that fake shit.

- If you successfully moved your shitcoins off your wallet, you might be tempted to sell them on an exchange, assuming there will be one. Note that WHICHEVER SHITCOIN UTXO YOU DOXX (i.e. connect with your identity), ALSO DOXXES YOUR REAL BITCOIN. If you deposit your Luke-shitcoin to an exchange, that exchange WILL ALLSO SEE YOUR REAL BITCOIN on the real blockchain. If you send all your shitcoins to a random guy on the internet, that random guy will also see your entire real bitcoin stack. This is because the fork mirrors Bitcoin's history.

So the summary is:
- wallets will be released that appear to help you to move your shitcoins but they actually want to steal your Bitcoin. Dangerous.
- if you move your shitcoins and connect them to your identity, then you also doxx your real bitcoins. Dangerous.
- If you don't do anything, you're safe. Basically "play stupid games, win stupid prizes".

Stay safe. Reject shitcoins.

[BULLBITCOIN.COM @BULLBITCOIN_]

The men who won America's freedom left clear warnings about fiat currency and central banking.

Five quotes from the founding fathers:

George Washington:
"Paper money has had the effect in your State that it ever will have, to ruin commerce - oppress the honest, and open a door to every species of fraud and injustice."

Thomas Jefferson:
"Banking establishments are more dangerous than standing armies."

John Adams:
"All the perplexities, confusion and distress in America arise...from the downright ignorance of the nature of coin, credit and circulation."

Patrick Henry:
"Paper money would be the bane of this country. I detest it."

James Madison:
"The loss which America has sustained...from the pestilent effects of paper money on the necessary confidence between man and man, on the industry and morals of the people, and on the character of republican government..."

🇺🇸HAPPY 4TH OF JULY!🇺🇸

[Phong Le @phongle]

Bitcoin is Freedom

I spent the last few weeks in my motherland, Vietnam. The country has transformed since my family escaped in 1978. It is more prosperous, energetic, and ambitious than the Vietnam I left behind. A young population, rising investment, and global aspiration have created extraordinary momentum.

And yet one thing remains clear. For many in Vietnam, the ultimate dream is still America. And if they cannot make it to America, they want to wear American brands, eat American food, listen to American music, and exude American confidence.

My trip to Vietnam reminded me of this, and the World Cup has made it visible on a global stage. America remains not only a country people admire, but a place people still want to reach, represent, and belong to.

The United States remains the land of the free, the Wild Wild West, and the home of the American Dream. Walmart and Waffle House. Boston and Austin. Silicon Valley and Wall Street. A country where people can still rise from welfare to extraordinary success through hard work, ingenuity, risk taking, and some luck.

My family experienced that promise directly. We arrived in America as refugees, sponsored by a Catholic church in Syracuse, New York. We received public assistance, food stamps, and free school lunches. My father worked three jobs. We lived frugally and dealt with poverty and racism. America was not easy, but it was open. It gave us a system where effort, education, entrepreneurship, and perseverance could compound.

This is America. The world still aspires to be like us.
What has made America successful over the last 250 years is not accidental. It is a principled Constitution, geographic scale, abundant resources, and a culture of liberty, capitalism, entrepreneurship, and reinvention. Other nations try to replicate the recipe, but often waver. Interventionism, bureaucracy, corruption, and ego get in the way.

Which brings me to Bitcoin.

Bitcoin is the United States of money. It aspires to do for money what the American Constitution aspired to do for government: create a system governed by transparent rules rather than the discretion of individuals. Built on a principled white paper, digitally enforced scarcity, and proof of work, Bitcoin is digital capital governed by code, energy, and consensus.

But beyond that, Bitcoin is hope.

It provides hope for those who have worked hard for their money and want to protect it from monetary inflation. It provides hope for those born in countries without reliable rule of law or economic freedoms. It provides hope for anyone seeking protection, opportunity, and a form of property that does not depend on geography, politics, or permission.

I was born in the year of America’s bicentennial. Fifty years later, the future of American dominance is being questioned. I have no question. The United States of America is the greatest country in the world.

My life is proof of what America makes possible. I left Vietnam as a refugee, grew up poor in America, built a career through education and hard work, and now have a wonderful wife and three children. That is the American Dream to me. It is not just wealth. It is freedom, family, opportunity, and the ability to determine your own future.

That is also why Bitcoin resonated with me. I found Bitcoin because it reflected the same principles that shaped my life: clear rules, individual sovereignty, property rights, resilience, open competition, and long-term conviction.

America gave my family freedom through a country. Bitcoin offers individuals monetary freedom through a network. One opened the door for me. The other opens a door for anyone, anywhere, to protect the fruits of their labor.

That is why Bitcoin is freedom.

[SBS @SBS222444]

@PunterJeff thank you for explaining why it is lower, I was wondering if you lowered the % return

[SBS @SBS222444]

@RonSwanonson *except

[SBS @SBS222444]

@TheJasonAnspach You are on point, and @JoinCrowdHealth is the answer

[Lawrence Lepard, "fix the money, fix the world" @LawrenceLepard]

Bitcoin is a REVOLUTION.

It is much more than number go up. It is an invention which can free humankind from the long sad history of monetary debasement, which empowers few and taxes everyone else. In a fiat system the wrong people win. We all pay for it. It is unjust and unfair. Throughout all of human history we never had a monetary standard that did not dilute over time. Now we do. Those of us who are partisans and are fighting for it understand the stakes. Freedom, fairness, prosperity, less war, etc.

Unsound money is the issue of our age. Currently few see it, but this will change. This Fourth Turning is well on its way and the monetary issue will be resolved.

As I observe the current Bitcoin landscape and the attacks on its leaders i am reminded of the opening of Thomas Paine's second writing, The American Crisis. Written in December 1776 after Washington had gotten his ass kicked on Long Island and retreated from Brooklyn and through New Jersey, Paine wrote:

"These are the times that try men's souls. The summer soldier and the sunshine patriot will, in the crisis, shrink from the service of their country: but he that stands by it now, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have the consolation with us, that the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem to lightly: it is dearness only that gives everything its value."

Sound money has to win. Sound money will win. History will be kind to sound money partisans. This is about a lot more than number go up. Don't forget why we are in this fight. Spread the word. The system they run is evil. We know the antidote. Time is on our side.

[Jeff Swanson @theswansjr]

I’m about to tell you something that will piss you off
(but you need to hear it):

You are 50× more productive than someone in 1950.
So why aren’t you 50× wealthier?

Your grandfather built cars by hand.
You design them with computers.

Your great-grandmother calculated by slide rule.
You process data at light speed.

Every productivity gain should have made you richer.
Instead, wages don’t keep up with prices as…

• Houses cost 10× more relative to income
• College costs 20× more
• Healthcare costs 15× more

All those productivity gains should flow back into the economy to everyone. But where did they go?

The banking cartel siphoned it off through money printing.
Every dollar they create dilutes the dollars you earn.
Productivity gains taken.
Right under our noses.
Trillions stolen.

Bitcoin ends the heist.
With hard money, all productivity gains go to holders of Bitcoin.
Thus, life gets less expensive.

Understand?

[SBS @SBS222444]

@RonSwanonson I like your spirit but haven't gone down that path due to regulations. What wallet are you using to spend which you believe provides adequate privacy that you feel zero risk of IRS audit on those spends? De minimis is not yet in place and spending is legally a taxable sale.

[SBS @SBS222444]

@JRiccardiPage @River Will you be adding BIP352 support (silent payments)? That would be a nice to have for those using recurring buys with automated withdrawal to self custody.

[MM  @adgirlMM]

Imagine being forced to give someone 6.2% of your paycheck, every single check, every month, for 30 to 50 years of your life.

And that person said, "Don't worry, I'm holding this for you and will pay it back to you on a monthly basis, when you retire at 65."

And then they said, "Nah, just kidding. I meant when you retire at 67. And at that time, I'll only give you 70% of what you paid me."

And then they said, "Oops, I spent all your money. You're out of luck."

That's the U.S. government.

[SBS @SBS222444]

@jimmysong why would they ever need to go bankrupt? they will just sell at a discount to a larger one before they go under

[Giovanni's BTC_POWER_LAW @Giovann35084111]

https://t.co/Y4P0SdhcmC

[SBS @SBS222444]

@ColeMacro I appreciate the informed communication.

[Square @Square]

Bitcoin payments are now even easier on Square Register. Your customers can flip the toggle at checkout and pay with bitcoin. No new training needed.

[Senator Rand Paul @SenRandPaul]

A reminder that the Constitution was not written to restrain the citizens' behavior.

It was written to restrain the government's behavior.

[AA ⚡️ @AAStack]

School taught me how to pass tests.

It never taught me:

How inflation works.

How debt works.

How investing works.

How money is created.

Ironically, those four things affect my life more than almost everything else I learned.

Financial education isn’t optional.

You’re paying for the lack of it every day.

Escape ⚡️

[SBS @SBS222444]

@callebtc I am confused. Shutdown implies you can power back up. What I am asking is what happens if the TEE element (whether it is embedded or USB) physically dies? Since there is no way to export keys from a TEE element, if it dies then everything comes to a halt, no? What am I missing?