sat engineer

i like bitcoin. i write code. freedom stack = @start9labs @BitcoinKnots @ocean_mining

[sat engineer @sat_engineer]

toxic bitcoin maxis scared off vitalik to go build his own chain and now eth is only 22% the market cap of bitcoin. bitcoin does less and is more valuable because having no features is the feature. Core vs Knots is not a tech problem. it's an economic problem.

[sat engineer @sat_engineer]

@Gemini bc1qf38wcrx3rhjxl7t0dnt8ar8cmwnre6cqtlzjl3

[sat engineer @sat_engineer]

@joewinke @unclebobmartin the readme needs screenshots

[sat engineer @sat_engineer]

@bcherny love the product your team is building! it would be great if claude chrome could talk to claude code

[sat engineer @sat_engineer]

@ericphillipsusa @Square check here https://t.co/gvUlCh54YA

[sat engineer @sat_engineer]

@hodlstack @Square restaurants should add themselves to https://t.co/gvUlCh54YA

[Free Samourai @gofreesamourai]

#FreeSamourai

[sat engineer @sat_engineer]

@start9labs @Atlas63573102 Yes. None of the latest models are supported. AI moves quickly

[sat engineer @sat_engineer]

@start9labs @Atlas63573102 FreeGPT on StartOS hasn’t been updated since February. Any idea when the next update is? Umbrel seems to get updates as they come out

[sat engineer @sat_engineer]

@TheBTCBreakdown @shocknet_justin what don’t you agree about and why? just looking at spark and its single account, even if you trust the provider to delete the spending key, you give up a ton of privacy. seems like it gives you worse bitcoin for faster tx speeds than on chain

[sat engineer @sat_engineer]

thank you satoshi

[Bitcoin Magazine @BitcoinMagazine]

17 years ago today, Satoshi released the #Bitcoin whitepaper.

What a legend! 🙌

[sat engineer @sat_engineer]

@ReLeomerda @satellen3 good money is

1. a store of value (ie a safe)
2. a medium of exchange (people using it as money)
3. a unit of account (people measuring value with it)

[sat engineer @sat_engineer]

@JeanSimB623 @satellen3 core v30 is the one that is changing things. bip-444 is the de facto status quo

[KC @foolrushingin]

PSA

[sat engineer @sat_engineer]

@gladstein @paulbrigner anyone who is “shilling” you bitcoin is trying to save you

[sat engineer @sat_engineer]

@Angeredspy @ReichardKonige @FieldNas knots config > advanced > peers > disable clearnet

[sat engineer @sat_engineer]

@Angeredspy @ReichardKonige @FieldNas just run knots over tor and you’ll get incoming connections

[Joyce Dawn @BitcoinWifey]

That sure was an enthusiastic applause for @GrassFedBitcoin at @LuganoPlanB today. Gives me hope in bitcoiners 🙂

[sat engineer @sat_engineer]

@saifedean deflation isn’t even always a bad thing. the classic gold era saw both deflation and quality of life increases. deflation is good when caused by productivity increases. bad when caused by collapsing credit markets

[sat engineer @sat_engineer]

gold may not have lost those properties because it’s the cleanest shirt in the laundry, but other commodity based monies such as cattle and barley would have. humanity has tried a lot of different things before it settled on gold. something too scarce isn’t good money anymore. price signals would be ruined in a barley money based system if there was a famine.

bringing it back to bitcoin, the blockspace is a consumable that can be used for non-monetary data. too much non-monetary use could make blockspace too scarce. it’s not just NFTs, it’s also video and music players that are being stored with ordinals.

i imagine bitcoin’s steady state will be predominantly monetary usecases with some non-monetary usages similar to gold. fees are one way of deterring spammers and culture around what is the identity of bitcoin is yet another way to deter spammers.

bitcoin core seems to be okay with the definition of bitcoin as a decentralized p2p blockchain protocol while knots supporters use a definition of money. 100kb op return by default is saying bitcoin welcomes arbitrary data on chain, which i don’t align with culturally. defaults matter a ton because most node runners won’t change them and these txs will be able to flow through the network easily

[sat engineer @sat_engineer]

gold didn’t lose those properties because there are better conductors such as silver and copper. enabling the lightning network makes bitcoin better money. unfortunately it also introduced ordinals and inscriptions, so it appears to be a double edged sword.

there’s not much info to go on in the screenshot but i have reservations about people wanting to “build everything” on top of bitcoin. feature creep can lead to diminishing monetary premiums. see ethereum