• 18 Posts
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Joined 1 year ago
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Cake day: June 4th, 2023

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  • A. I wouldn’t because that implies by being around longer I know more or am more right about some things than young people. I’ve accumulated knowledge, but that doesn’t mean anybody should listen to what I have to say or that I’m wiser. There are certainly times that is true, but it’s also true that we have a lot to learn from them and we should listen to them.

    B.

    • Health is your greatest wealth.
    • Love is the answer and all that matters. Be good to others
    • Stay humble
    • Stack sats



  • You may want to look into Qubes, it can natively route an entire OS through Tor. Note that routing all your traffic may hurt your anonymity. For example, there what if an app on your machine reaches out to somewhere and reports the serial number of a piece of hardware and it does it through your “anonymous” Tor connection? Virtualizing that hardware can help avoid that. Think through your threat model.


  • makeasnek@lemmy.mltoAsklemmy@lemmy.mlHow Much Is Your Time Worth?
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    3 months ago

    I always think in terms of time, and I have a spreadsheet to track my “actual hourly” i get from work and side hustles so I can know which are working best for me. When evaluating items to buy, I think about how much time it would take me to buy the item instead of the amount in dollar or whatever since the dollar’s value changes with time. This also helps me because I generally try to not think in USD to begin with since I mostly use Bitcoin. At first, I tried thinking in BTC but it’s volatile enough that this is not much any better than thinking in USD. Tying things to hours makes more sense. If you know your “average hourly” it’s easy to determine whether or not to fix something yourself or hire somebody else to do it.




  • Bitcoin basically any year prior to now. You probably think it’s a scam or not useful or whatever, but it’s had a continuous average trend of growth for 15 years no matter how you measure it (market cap, number of nodes, transaction volume, etc). So apparently a lot of other people including large investment banks disagree. If you thought it would disappear next year because it’s a bubble, you’ve been wrong 15 years in a row and it’s maybe worth reconsidering. Bitcoin’s market cap places it in the top 25 countries by GDP, higher than Sweden! If you’re curious about pros/cons/FAQ and myth-busting around it check out http://bitcoin.rocks

    Pretty much everything negative you’ve heard about it is wrong, terribly un-nuanced to point of being wrong, or about something that isn’t bitcoin. Scam cryptos rugging people? Not Bitcoin. Stupid monkey JPEGs selling for a million dollars? Not Bitcoin. FTX/exchange collapses? Not Bitcoin. Slow transactions and high fees? Not Bitcoin (thanks to Bitcoin lightning), transactions confirm in under a second for pennies in fees. Anybody can print Bitcoin? Nope, the supply is capped at 21 million coins. People with the most coins control the network? Nope, amount of coins is totally unrelated to network consensus and rules. Boiling the oceans? It moves trillions of dollars in value every year using < 1% of energy, mostly from renewables (as they are cheapest) and helps even out demand curves/incentivizes provisioning renewable electricity. Makes electricity cost more? Nope, it makes electricity cost less because miners only buy the cheapest electricity possible (off-peak hours) so they don’t compete with regular users. That means you aren’t paying for “un-used supply/capacity” with your bill because your grid always has a buyer for any surplus electricity generated.



  • I have used Thunderbird for years. HOWEVER:

    • I don’t know why Thunderbird can’t get a reliable, functional search ability. It’s such garbage. I constantly have to delete my entire search index and start from scratch, it is immensely frustrating.
    • The problems connecting to gmail are also so frustrating. Yes, they are Google’s fault but if you make an e-mail client you maybe need to add a workaround for the world’s most popular e-mail provider. It’s totally fixable because you can apply those fixes manually.


  • Bitcoin has collapsed like three times in the last like 7 years dawg.

    If you bought 1 BTC 15 years ago, you still have 1 BTC. It has not collapsed. The price relative to USD has collapsed a few times, but the average trend is growth. Bitcoin does not guarantee any price relative to any other currency, because it can’t, all it can guarantee is a stable supply of currency. The USD, in that time period, has lost >20% of its purchasing power as well, so the USD also “crashed”.


  • It’s fair, I assume a lot of people are bots too, but I like lemmy because it’s mostly not bots :).

    You can not send the BTC to just about anybody. Only to people with whom you have a channel open. If you want to send to anybody you need to hop through other channels using middlemen. That sounds very similar to the function of a bank.

    You are right, if you want to send directly from your wallet to another user’s wallet with no middlemen, you need to have a channel open with that user, which you totally can and will save you on fees in the long-term if you transact with that person frequently. But I don’t do this because it’s un-necessary, you can also send funds to any other person on lightning via these middlemen. The middlemen don’t have custody of the funds, they can’t block/reverse/do anything with the transaction aside from just forward it along. You can choose who those “middlemen” are, they are usually selected based on the lowest expected fee. They route data around, if they are banks, then so are other Bitcoin nodes you connect to on main chain. But we don’t think of them as banks right? They just relay data around and they’re decentralized. You are right that they share a similar function of routing payments, the difference is in how they do that and who controls what parts of that process. Banks have immense power over your funds. Lightning nodes you route a payment through have none and anybody can run one.


  • makeasnek@lemmy.mltoMemes@lemmy.mlSo much for Blockchain's real life use cases
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    3 months ago

    I’m not a bot, I’m just an idiot.

    It’s not instant it takes a long time until enough confirmations have been done. It’s not even clear how many confirmations are enough.

    You’re thinking of main chain (which takes 10 minutes for the next block), though I would take a zero-conf transaction in any situation that isn’t moving more money than a day’s labor. A single confirmation means it made it into the next block which should be plenty for 99% of situations. If you’re selling your house, maybe a wait a 2-3 blocks to be sure. Lightning is instant and uses main chain for security but does settlement/transaction data off-chain.

    Lightning network is literally a traditional bank transaction mechanism on top of bitcoin.

    It’s not, you don’t need a bank to use it. Banks don’t settle instantly, banks have chargebacks, banks required six forms of ID, banks can’t reach some places, banks may discriminate. Lightning is Bitcoin. You lock up BTC in a lightning channel, you can then send that BTC to anybody via lightning, and when you close your channel, you get the appropriate amount of BTC back. You can run a lightning node on a phone, a “routing” node on a raspberry pi, it’s just as decentralized and trustless as the main chain is. You can open a channel directly w the person you’re transacting with or you can forward the transaction through other channels/nodes, all trustlessly, all instantly, all automatically. Nobody ever has custody of the funds aside from you and your intended recipient. There’s no central custodian (like a bank) you have to trust.

    If you are arguing for using lightning transactions, what is the point of bitcoin in the first place?

    Main chain and lightning have different use cases. Use main chain for long-term storage of funds or large transactions. Use lightning for everyday spending. Main chain secures lightning transactions. Main chain is layer one, lightning is layer two, it’s possible there will be more layers, just like SMTP is built on TCP which is built on Ethernet or whatever.

    fees are huge and will only increase in the future.

    Main chain fees are around $1.50 for the next block, which is still cheaper than a bank wire or other equivalent payment methods in many situations. You’re right though, they are expected to increase as adoption increases, but lightning has scaled that available blockspace several orders of magnitude. Lightning fees are <1% in almost all instances and aren’t expected to increase since they are not tied directly to main chain fees and no mining is required. A lightning transaction uses about as much CPU power as sending an e-mail. A single main chain transaction can open a lightning channel. You can have billions of transactions inside a lightning channel.