2025-06-20T23:52:35Z https://nostr.now Justin Credable https://nostr.now/npub1s7xqefrwydm50q3kk4vhtwr2ayfqyexnwfft8wmndf3gas0ht5wsdtu8tv https://image.nostr.build/3004ddeacb26960051f678d497498070bd50f46ab7dceeb92bb9e1f396799d5a.jpg https://image.nostr.build/3004ddeacb26960051f678d497498070bd50f46ab7dceeb92bb9e1f396799d5a.jpg https://nostr.now/nevent1qqsvjhu583dthj8dj7hrzctsradrxqmnxcm0056kgnhyjz2xdv5mpwczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36zkdldg In reply to <a href='/nevent1qqsw2srx8muwq77nlcyke025aycltss5vlnm6tzmrgtt7jgvv2z7tmqpzpmhxue69uhkummnw3ezumt0d5hsp8qty7'>nevent1q…qty7</a><br/>_________________________<br/><br/>Its the chief advantage of stainless over regular mild steel. In Thailand there is world class rock climbing near the sea. Rock climbers instal steel expansion bolts into the rock for climbing anchors. Due to the salty sea air and limestone they were rusting out and failing so a major effort to replace them all with stainless steel bolts and glue in techniques happened. They dont rust out. Stainless is much more difficult to weld though.... 2026-07-18T12:18:48Z https://nostr.now/nevent1qqs0azvydnsrhw7xst4ug3nleyffjwvm45hc2jvcykpg68w29xnh5zczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36n3k8uq In reply to <a href='/nevent1qqsvrjrew7tv9cd9lw9qzmdnqg4c6mzl59ayz3kv9l2f9eldw4dr2aqpzpmhxue69uhkummnw3ezumt0d5hsdgx8v4'>nevent1q…x8v4</a><br/>_________________________<br/><br/>I always assumed it was because it doesn’t rust. 2026-07-15T22:15:13Z https://nostr.now/nevent1qqs9rjgk4r6g0z0md4cajaspfp8qhmfhrc0s26lueuf8325l224mk3czyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw3604lxm8 Monetary Properties and Incentives<br/><br/>We all know that money is used as an incentive, but what does it incentivize at its core? What outcomes do the fundamental properties of money guarantee? Consider a simple workplace example: If I offer higher pay for management positions, I use money to incentivize workers to take on more responsibility. Yet I could just as easily offer more money to non-management roles to discourage people from pursuing management. In this way, money can steer behavior in multiple directions depending on how it is deployed. What I want to explore is deeper: what does money itself incentivize, regardless of how it is specifically used? To answer this, we must first examine the basic characteristics and properties of modern money.<br/><br/>How is new money created?<br/>Most people assume the government directly prints money. This is not entirely correct. In our fractional-reserve banking system, the majority of new money is created when commercial banks issue loans. The principal of the loan is brand-new money that did not exist before the loan was made. When the loan is repaid, the principal is destroyed, but the interest remains and is kept by the bank.<br/>What about the Federal Reserve?<br/>The Federal Reserve has a unique hybrid public-private structure. Commercial banks own stock in the Federal Reserve. No other federal agency issues stock or has private shareholders. While the regional Federal Reserve Banks issue stock to member banks, this stock is non-transferable and does not confer normal ownership rights or control like shares in a typical corporation. Importantly, these member banks (the shareholders) do profit from the Fed’s operations and decisions. The regional Reserve Banks earn interest on the securities they hold. However, the structure still creates a direct financial interest for the member banks in the overall profitability of the system. For the purposes of this essay, we can simplify the Fed’s core function: it creates money primarily by purchasing U.S. Treasury securities. In effect, it finances government borrowing in a manner similar to how commercial banks create money through loans to individuals and businesses. A key difference is that the U.S. government routinely rolls over its debt—paying interest and issuing new debt to cover principal—rather than ever fully repaying it.<br/><br/>What inherent incentives does this system create?<br/>Because banks profit from the interest on loans, they are incentivized to issue more credit. The more loans they create, the more interest they collect and the more new money enters circulation. This expanded the money supply, when the money supply outpaces growth in goods and services, prices increase as more units of money exist per the amount of goods and services. At its core, our debt-based monetary system incentivizes inflation. Regardless of which political party holds power, this outcome is baked into the system’s design.<br/><br/>What if we were to stop creating new money?<br/>Because most money enters circulation as debt, the total amount of outstanding debt across all sectors (households, businesses, corporations, and government) far exceeds the broad money supply. As of mid-2026, U.S. M2 money supply stands at approximately $23 trillion, while total debt exceeds $100 trillion. Without continuous new debt creation, there would not be enough money in the system for all debtors to repay both principal and interest simultaneously. In this sense, inflation and ongoing money creation are structural necessities. If new credit stopped flowing, the monetary system would face severe contraction or collapse. This incentive to create ever more debt also encouraged excessive risk-taking by banks. In the years leading up to the 2008 financial crisis, the drive for more loans and interest income led many institutions to lower lending standards, issue subprime mortgages, and engage in risky financial engineering. When the housing bubble burst, the systemic consequences were severe. The same profit motive that pushes banks to expand credit can also lead to dangerous over-leveraging and poor risk management. This logic applies to the Fed as well.<br/>Although it faces more constraints and oversight, the Fed stock holders have strong incentives to support excessive government spending. Deficit spending by the government becomes profitable for the financial sector. In this sense, there is a structural bias toward encouraging government deficits.<br/><br/>How does this system affect individuals?<br/>Because the properties of money guarantee some level of ongoing inflation, individuals are incentivized to spend now rather than hold cash. As John Maynard Keynes observed in The Economic Consequences of the Peace, inflation acts as a hidden tax: “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” This dynamic discourages saving money and instead encourages immediate consumption or investment in assets that may outpace inflation. You and I are thus incentivized to spend or invest rather than save in cash. Spending keeps many people poor in real terms. The often-cited statistic that the average American cannot afford an unexpected $400 emergency illustrates this. Instead of letting savings erode, rational individuals are pushed to invest in stocks, real estate, gold, Bitcoin, or in themselves (education, skills). This drives up asset prices. Those who cannot or do not invest are left behind. Savers see the purchasing power of their bank accounts decline even if the nominal number stays the same. Meanwhile, asset owners often benefit as inflation lifts the value of their holdings. Extreme cases make the incentive obvious: in 2018, Venezuela experienced hyperinflation exceeding 80,000% (with some estimates much higher). People spent money the moment they received it—on necessities or assets like bricks that held value better than the currency. Our more moderate inflation produces similar (though less dramatic) pressures: stagnant wages alongside rising rent and food costs for those without assets. The widening wealth gap, persistent government deficit spending, the disincentive to save, and the encouragement of debt are not accidental—they are inherent properties of our current debt-based monetary system. Saving money is penalized. Debt is rewarded. Maybe it is time to consider whether a different form of money would produce better incentives and outcome for the users of the money. 2026-07-15T00:41:03Z https://nostr.now/nevent1qqspct6n4yqezp2tmw8pvy4ln84ahpqx44avhevrmrhszdux9r03yvgzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36hyewtm In reply to <a href='/nevent1qqsv2kx0trz2m88rn65t0fqjjxhyu8pvu8r34mnsdwnfjg0e2nndpwgpz9mhxue69uhkummnw3ezuamfdejj7m4clxm'>nevent1q…clxm</a><br/>_________________________<br/><br/>The suspense is killing me... a drop of what? 2026-07-06T23:58:28Z https://nostr.now/nevent1qqspkmvndqtrv30ph4czr9plpcvmhmgs3jrc9d9l5ry8wtazw2p6skszyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36j2a47m In reply to <a href='/nevent1qqswl3xjjt4y06dehh9pcruzgnmp8j6uppnxecak98ua8kzyt3xf5acppemhxue69uhkummn9ekx7mp0az0pek'>nevent1q…0pek</a><br/>_________________________<br/><br/>You want to share the recipe? 2026-07-02T15:37:54Z https://nostr.now/nevent1qqsg6lwltecfxqk3amt78ezd0gwqxfec3lq7u27jscc9hjel9dvxmjczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36329pjr This is perhaps the most mind blowing and big life picture changing content I have ever seen. My mind has been absolutely blown. I listened to the whole forst season and have had my mind changed 100% on telepathy and some spiritual concepts. I give it 11 out of 10. <br/><br/><a href="https://youtube.com/playlist?list=PL6lsUJdGLFx7OGLRQCQfHQPWcMDPc5Ey7&amp;si=5wlhcf0trw-wFAHq">https://youtube.com/playlist?list=PL6lsUJdGLFx7OGLRQCQfHQPWcMDPc5Ey7&amp;si=5wlhcf0trw-wFAHq</a> 2026-07-01T23:59:55Z https://nostr.now/nevent1qqsqnylwsjt00a8zzcp5w2ujnszdedsx8gr64gy5wt5wxxvgzmszacczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36nlpcup In reply to <a href='/nevent1qqsyelknyg0hurc6w5vqfctg8hs3myfe263v02hkzuyjj3jv74k45acpz9mhxue69uhkummnw3ezuamfdejj7lgz95a'>nevent1q…z95a</a><br/>_________________________<br/><br/>Rhubarb!? That should be harvested! 2026-06-14T23:32:45Z https://nostr.now/nevent1qqs8cmecqyrzkk8gxr29sef27x3uuf2gwjz5dchkyh8cvx8948ekw0qzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw365huk2z I went to Steak-N-Shake and bought lunch with Bitcoin! First time I have bought a meal with Bitcoin! It feels so awesome, I wish I had more opportunity for this. 2026-05-09T18:39:26Z https://nostr.now/nevent1qqs0y9dgn93elq3h08xy9l3x2r3dh7xmm69zywvmhsyqn5ppd8ngkpqzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw363a5wpk I don&#39;t think I will ever forget this speech. This is powerful. Listen through the Q &amp; A. <br/><br/><a href="https://youtu.be/Jj18850H-RU">https://youtu.be/Jj18850H-RU</a> 2026-04-25T13:51:29Z https://nostr.now/nevent1qqsv92rf22nn3fl7z98c3p2l5r207mquadn82nakvc4t25spy4g5uyszyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36qjs62l In reply to <a href='/nevent1qqs0tv4wqlh96crz0lwqsutecxspruzyee6gujqs3uvws4hxaa47mfcpzamhxue69uhhyetvv9ujumn0wvh8xmmrd9skctc5uqhcw'>nevent1q…qhcw</a><br/>_________________________<br/><br/>Is there a way for me to post this of FB for the people who actually need to hear it (NOSTR users already know)? 2026-04-23T23:03:04Z https://nostr.now/nevent1qqsvk7lgz4xav3h76kq7tf4w4a7jqywh88etmnftwf8ekyhwwnafmngzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36jn4cd5 In reply to <a href='/nevent1qqsdu02xfua8hr5r8v007xg0vw46j3m63jy2s8vgtnfrevtdycv4s2spr4mhxue69uhkummnw3ezucmewp5x2unsw4hxktn5dajxz7f0phnspl'>nevent1q…nspl</a><br/>_________________________<br/><br/>Blue collar dumb dumb here. Any links to a tutorial? 2026-04-23T22:33:49Z https://nostr.now/nevent1qqsxp92c5xjurypzjj0ghk6m0czuwa68f4ch624mdnar6zf7v9k9pmczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36duct0m In reply to <a href='/nevent1qqsgdrsz95sj88852xnqmr4rdhzhu7uk935ct7cx5hs5l2z7k9mkpqcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsd730x4'>nevent1q…30x4</a><br/>_________________________<br/><br/>Im not the right guy to answer this, but I don&#39;t see what is stopping them. 2026-02-03T09:35:00Z https://nostr.now/nevent1qqsp32cs72pwas7gnjeggl456q4pxtutws5z0pzaaqtjgtt8q5vd7ggzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36xuugxg I dont know if y&#39;all saw the Minasota fraud movie, but this is a good response:<br/><br/><a href="https://youtu.be/L7wdhX7tj6I">https://youtu.be/L7wdhX7tj6I</a> 2025-12-30T20:31:39Z https://nostr.now/nevent1qqsrecqgdwh8tnm7zjwhgdy3zzd0g6c7gckupejxvmgskznnz9c52wgzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36h4jt5j In reply to <a href='/nevent1qqstasz76j8qxxmr8lt2t0v3c98wq5xd5hktnn67dnhf93vxtvced6gpzpmhxue69uhkummnw3ezumt0d5hs6c89rk'>nevent1q…89rk</a><br/>_________________________<br/><br/><a href="https://www.instagram.com/reel/DQKh7ABErST/?igsh=MWxtdHpneXQ2eGQ4dw==">https://www.instagram.com/reel/DQKh7ABErST/?igsh=MWxtdHpneXQ2eGQ4dw==</a> 2025-12-27T10:16:29Z https://nostr.now/nevent1qqs9qnpumz7ytwdm79rvm7hew6vz7sf2n0kezcctnk9hh8z9eclgccczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36022gqp In reply to <a href='/nevent1qqs98vz5f5paq0ahf8nggh8jrync5ssa0y0de57u9j09c048nnq639sppemhxue69uhkummn9ekx7mp07t84qv'>nevent1q…84qv</a><br/>_________________________<br/><br/>Thank you. What are mesh netwroks? 2025-12-26T18:39:07Z https://nostr.now/nevent1qqswjlmjcfmg2t3wz22ma80tgck7u72l05d5acrgtesd0zrhfse760szyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw366u5ufm In reply to <a href='/nevent1qqsreez7mduly92h23my4axc22us3nsqapy5x2kqc43mu6vrwqtc68cpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsvrt7u4'>nevent1q…t7u4</a><br/>_________________________<br/><br/>What does that mean? 2025-12-26T09:31:53Z https://nostr.now/nevent1qqsf2jaeh3xy2h0knfhj3ue3jatxzfm349cdfn9shx3rjy9fk7mchaqzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36axu9qn Do you believe corporate greed is the reason for the wealth gap and inequality? <br/><br/>How much time have you spent considering what percent of the inequality and wealth gap is due to monetary production alone?<br/><br/>If you have never considered this, why not? I think you should at least consider the possibility.<br/><br/>Is it possible that giving issuance of our currency to private banks to practice fractional reserve banking and lending money that never existed to the government to be paid back with interest with our tax dollars contributors significantly to this problem?<br/><br/>As an analogy, if you discovered that the referees in a game of soccer were paid to throw the game in the favor of one team, would that be a good reason to say there should no longer be winners and loosers in soccer? Or perhaps we should create a board that chooses how to redistribute points from the winning team to the loosing team to make it fair? Perhaps before we start redistributing points we should put fair referees in?<br/><br/>If there was a system of soccer goal redistribution and these goals were worth billions of dollars each, what are the chances that the soccer goal redistribution board avoids the corruption that got the referees in the first place?<br/><br/>“Fix the money, fix the world”.<br/><br/>#Bitcoin 2025-12-26T05:09:27Z https://nostr.now/nevent1qqs0fr33glj0979snmavlf4z43cp0nr9zw64kuat7srnfj3mjfyhcdgzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36afm8yr In reply to <a href='/nevent1qqsgeglfhfh623kamtzxq3wsxeuyc45urs2hctwekhlaupknyqa78kqpz9mhxue69uhkummnw3ezuamfdejj7tzc8ff'>nevent1q…c8ff</a><br/>_________________________<br/><br/>Here is my Christmas Playlist I put together last year. Not good for kids, starts with a bunch of Christmas Rap<br/><br/><a href="https://open.spotify.com/playlist/4ci7i3QHrXqpkVvBoFYrWO?si=AhmolphCQYKZA6Ej6y1VUg">https://open.spotify.com/playlist/4ci7i3QHrXqpkVvBoFYrWO?si=AhmolphCQYKZA6Ej6y1VUg</a> 2025-12-25T12:02:41Z https://nostr.now/nevent1qqsgkg2dzfn7rh3r5ryjpq5phc276cacfc0ll2rkqlfjkjhwkw0rnfqzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36hv423w Does anyone have a good YouTube suggestion to show my normie friends how bitcoin is stabilizing energy grids? 🙏 2025-12-24T05:58:55Z https://nostr.now/nevent1qqszqgvggxzgfdyclykjay38rhlmsrzgesaftur4pjxgnj4fc3qgsuszyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36l0klyt &#34;In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.&#34;<br/>-Alan Greenspan (Fed reserve chairman 1996-2006) 2025-12-23T06:04:47Z https://nostr.now/nevent1qqsv4fyha6n7mqz82dye88ce2xyycext3tewj7mgvqepceuyknpw5kczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36mwvdez In reply to <a href='/nevent1qqsvn0j40e8wjudsgngeuhutg245mpg62x4weerdu244lgp2ja5260qpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0exxt66'>nevent1q…xt66</a><br/>_________________________<br/><br/>A few times. I try to go once a year. I feel like mental health is like lifting weights, you don&#39;t quit lifting when you get strong but its much easier to maintain strength then build it. 2025-12-22T05:36:01Z https://nostr.now/nevent1qqsrl7f5fv6xk0wxyench5z8g8g3n07ue34sdq7cvt4cw9q3tqhwv4czyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36h5lefz In reply to <a href='/nevent1qqs07gnxhu5yktnyje0ehrkjjs94zs53yq54ff58pq9v2xtsg0yqufspr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0gmr555'>nevent1q…r555</a><br/>_________________________<br/><br/>Try and Ayahuasca ceramony 2025-12-22T05:05:40Z https://nostr.now/nevent1qqsqnm5muzkq37x0tdarcs02kfcq8wzyda39at9c9esfpqnd5sp8ekczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw366uhqfq <br/>&#34;As society becomes more productive and technologically advanced, money is *supposed* to grow in value. This is literally the mechanism by which the fruits of all our labor are shared. By all the things we need and want becoming more affordable. If everything is getting more expensive while technology is advancing, someone is stealing from you.&#34;<br/> -Guy Swan 2025-08-22T01:21:18Z https://nostr.now/nevent1qqsyxulqlu0hwvlvxf8a5wvh25ejl5glaqws02ltvrjh0me0p8su8lczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36m6ak2f In reply to <a href='/nevent1qqs9xeqngetdegl742p2ysnqnz2juqhelphsg0pkjut9lv62e9prj0cnsl6jg'>nevent1q…l6jg</a><br/>_________________________<br/><br/>Thank you 2025-08-16T14:53:35Z https://nostr.now/nevent1qqsx6jg4pt4hl46szm4nlp6uw96wf6vd8t9xjnqmj79tazfcerj56pszyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36ynyk7a In reply to <a href='/nevent1qqsqlkaxtd50m4dgrvsef4h4ey4f7cqsedkm79umy2xqafp24gw95wgjxh8rx'>nevent1q…h8rx</a><br/>_________________________<br/><br/>P.S. I tried to zap you but you don&#39;t have a wallet attached to your account 2025-08-16T14:53:12Z https://nostr.now/nevent1qqstyss6pu0afyudgw33vrmllxn693a83wn99ctchtzudngmnj363jczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw368sctet In reply to <a href='/nevent1qqsqlkaxtd50m4dgrvsef4h4ey4f7cqsedkm79umy2xqafp24gw95wgjxh8rx'>nevent1q…h8rx</a><br/>_________________________<br/><br/>Thank you for your patience answering all of my questions. I really appreciate that. 2025-08-16T14:51:35Z https://nostr.now/nevent1qqspf9lxp0e4k5esnq98acd90tcue74wd2zk5g4qsa9pge75rvspftczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw3645adke In reply to <a href='/nevent1qqs00792nk3d3lhaftugdgyt286alnmac0wcqfzfm3al2ewe8sp9vrg6mmd5c'>nevent1q…md5c</a><br/>_________________________<br/><br/>Would a home wifi connection only function in an apartment complex or something where there are lots of people close enough to pick up the signal? 2025-08-14T22:07:11Z https://nostr.now/nevent1qqspft7tcgwa5hj8vkpkahnwwmtzg8t50pmpx978yuptnny3wt2ymaszyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36vay6z5 In reply to <a href='/nevent1qqs9ytn2artdam3ay8q6g4ysvq6ajxn2qgct8yecw9y5wzrwfnturtqed8maj'>nevent1q…8maj</a><br/>_________________________<br/><br/>So like if I&#39;m using my phone as a hotspot at a cafe other guests at the cafe could avoid the cafe wifi and use my hotspot at the cost of some Sats? 2025-08-13T21:02:01Z https://nostr.now/nevent1qqsp753x7lcm9hucg5npd589tutghu362lfwv7ga8ttgp0l22dk784gzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36ufd7k5 In reply to <a href='/nevent1qqsxf49x6pft49mdx2rcgq4r9ag9x858lxg7yn9uw0g02a7pwzpy3ygq270uv'>nevent1q…70uv</a><br/>_________________________<br/><br/>Do you have the context in which she said this? Maybe a link? 2025-08-13T19:57:49Z https://nostr.now/nevent1qqsttfcdmhdacq0xqwc25ftdmxw5z74yd82qd06v32uw9q0rr6alzvgzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36qja49e In reply to <a href='/nevent1qqsghnmm2ln4qlh7exxhgal2vklf2xfyxp0zef86u4ufxwkmc28d5qqcvz392'>nevent1q…z392</a><br/>_________________________<br/><br/>I still have no idea what that means. 2025-08-13T19:54:14Z https://nostr.now/nevent1qqsz0zk4rmwnzjh5aznsnt362xyt9g0cc5gfv8vlwyjz5cdyhkpl4uqzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw366rrxhr In reply to <a href='/naddr1qq4hgatjdckhjmm4wgkhymm4w3jhyttfde6x7ttp946x7mrvvashgefdxquz7vpc9uerqv34qgsthdwa5rs42euhnuz5xsrmmssr84hshwes7uj392vpeldj7z0zw3crqsqqqa289z2jme'>naddr1qq…2jme</a><br/>_________________________<br/><br/>Blue collar, technical dummy, bitcoin lover here. Can someone explaine what is happening behind the code or how it&#39;s generating SATs? Thank you 🙏 2025-08-08T12:58:35Z https://nostr.now/nevent1qqst4m97ldt6gy9zsmpfrdazhag45va89xtn2wrwl0n4aqfm242cgrczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36a63hz4 In reply to <a href='/nevent1qqsplamc5faq5gdvflhap9cv58ax83hyt56u7adfdphnd8w6k0tq88qkkvl0c'>nevent1q…vl0c</a><br/>_________________________<br/><br/>I have a book of quotes, your made the cut, that&#39;s a good one. Shall I credit the quote as Contra? 2025-07-16T02:58:51Z https://nostr.now/nevent1qqs92t44vf7g8f3kdwzt2chh2vpdqkexxurc7pheh6mf8c02wula7lszyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36gxjllq In reply to <a href='/nevent1qqst7xukkl8g7x02whvrcyv7rhxxfkfxxe7zps7ydkesdlxh4vyc98c43w6sr'>nevent1q…w6sr</a><br/>_________________________<br/><br/>Soooo.... What do we do about that? 2025-07-16T02:57:01Z https://nostr.now/nevent1qqs0fvwz2xzajhskeym6vupyn0qgcxmqpe4plkz0nvt8re98ekx5qcczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36rjx8ea In reply to <a href='/nevent1qqspgcwvvpr05ymk87c3qavr46q57lwvwvf6e6lwswzurneygnpqcgc9ykkvs'>nevent1q…kkvs</a><br/>_________________________<br/><br/>Is this your quote or someone else? 2025-07-15T21:16:08Z https://nostr.now/nevent1qqs2t8jjd2njrvqkllsjua0p3jc4qxelrh5ld2hpyms9mql82nkftwszyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36dt70j8 In reply to <a href='/nevent1qqsvvunwktrj45hstcjpckteyw55e6zrxx3h3r6yrwq50ph4mmklt6sh37ya5'>nevent1q…7ya5</a><br/>_________________________<br/><br/>I may be the most tech illiterate Bitcoiner. I can&#39;t make it play. 2025-07-07T02:00:15Z https://nostr.now/nevent1qqsvqelqxgd9tsjzjguk6hwgzavyw6ca9cqyerpcq9nlhwtzcvkk89qzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36r7vsup In reply to <a href='/nevent1qqsgymy6ar8xuc0yykzqm2e9jv994jza9a3mllvrvauz6xmywk6trasazqxdz'>nevent1q…qxdz</a><br/>_________________________<br/><br/>This is my home, it&#39;s where I grew up. I have camped there many times and even swam with whales there. I&#39;m sad I missed your speech this weekend. I work off shore and am out of town. Is there anywhere I can find a recording? 2025-07-07T00:05:35Z https://nostr.now/nevent1qqsqr8tnntdljeg3m4mu6q56re2hczehw3sqtaawwu9cxqma6z52svszyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36y0ndse In reply to <a href='/nevent1qqsrqluvrepjlf5fre88fa7e6azfdvh8uvn9n7j8npw6vew2xwqx3kgxwzqkp'>nevent1q…zqkp</a><br/>_________________________<br/><br/>Can you explain this to me like I&#39;m 5? 2025-06-24T21:55:08Z https://nostr.now/nevent1qqsql54uey6hz8lwd65n5nph95h4v62pf52tey9ktdk8vpmf7am03nczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36rw7cc4 I&#39;m staying at the most gorgeous hostile in the middle of no where Colombia (near Los Santos, Santander). The sport rock climbing on single pitch sandstone is amazing. I have just orange pilled the wonderful woman who runs the hostile and will be paying for my stay in Bitcoin! ⚡⚡⚡⚡ <img src="https://image.nostr.build/faf305ecc026cc70fca804f30e22de5efca2873ac2439d6fdcc45d60eec2e6c9.jpg"> <img src="https://image.nostr.build/5c7bae7ecf2cc4dbed19e7f758a40e3405da8974ccb547db78bdd84fd128cbdb.jpg"> <img src="https://image.nostr.build/28a25a0d5e30c895f6f917b63004941cb21b51d4f621b9b9ec5a5c27ad009283.jpg"> <img src="https://image.nostr.build/6f51fe8d147c9ce3c02878e2b9c9a1f3057e2be788205450a6cc23e59ca0a405.jpg"> <img src="https://image.nostr.build/cb47aaec0f2a66eb7f345d96ed93989cd070dedf94ba9965837b6b8a5654e9a4.jpg"> <img src="https://image.nostr.build/e03371260082cc116fba600c24fc50a65c5e52c3f53cceca015289bb7c0efda5.jpg"> <img src="https://image.nostr.build/1716429b8785db2dd45d9e3bd0f7aa5254bebfd21e17c310f036eb35fccef769.jpg"> <img src="https://image.nostr.build/a867bd1bc7e0b8df4752e0116a45232917348b0a80e5534db65fa7b27066b608.jpg"> <br/><br/>If you climb, check out the hostile:<br/><a href="https://refugiolaroca.com/">https://refugiolaroca.com/</a><br/><br/>Check out the rock climbing:<br/><a href="https://www.fundacionrocasdelamojarra.org/">https://www.fundacionrocasdelamojarra.org/</a><br/><br/>Mangos, avocados, and limes grow on the trees at the hostile. The climbing is a 5 minute walk. Everything is cheap and hopefully will be priced in sats in the near future.<br/><br/>If your not a climber you can take a guided rock climbing day. 2025-06-19T13:38:00Z https://nostr.now/nevent1qqsw5yctyy8l0xdcl2zw0vlpcuktcvcu5y53ldkswrcwl2m4x67zg5qzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36jveugq In reply to <a href='/nevent1qqst55zq3tkzuzezy5jl4ek7n73a22hclpr6lt87d7jwpd88p2qup8qdavfff'>nevent1q…vfff</a><br/>_________________________<br/><br/>&#34;Avoiding those who think differently than you is free. Missing out on hearing opposing views is costly.&#34; 2025-05-29T11:41:56Z https://nostr.now/nevent1qqsxvdg0xxkjcycvmkfz5flwr56x6lvwjwcz7rlrlxdxypg8k4z3uuszyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw363nas79 In reply to <a href='/nevent1qqst4cn9n6zxld5ez7rh9evape44cy2vukykhzlc7pvx6q4rmf9233syr8n6n'>nevent1q…8n6n</a><br/>_________________________<br/><br/>Is that Jon Olsen&#39;s whip? 2025-05-20T04:52:03Z https://nostr.now/nevent1qqs277kp2ejhmpq2zd9dlpeatry5ctkpz7cdmjcqrqzuttukaq8wsdszyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw363w8s7u In reply to <a href='/nevent1qqs9au8ntq8w326c7hdlmjzlpr6ksxna9qf0c3ktek020t029g2aryctf384w'>nevent1q…384w</a><br/>_________________________<br/><br/>Ita funny, I&#39;m retarded at reading and writing. I&#39;m disluxic and went to special reading classes for years. My hippy friends can&#39;t handle it when I tell them disluxic is just a fancy word for dumb at reading and writing. &#34;Your not dumb, your just disluxic&#34;. Yeah, I&#39;m not dumb at everything (I fingered our bitcoin after all).but I&#39;m definatñyndumb st reading and writing. They also don&#39;t like it when I make disluxic jokes, but they are so funny. 2025-05-18T14:09:50Z https://nostr.now/nevent1qqsv679dyykl2cd52x0x3nwe35em458ykzd47ym4rhdamq6yp59v6jszyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw362n4kdy In reply to <a href='/nevent1qqs8azf3nxaujevgrz7fvpwcepgnlfumwn74qlmc5e0mnda3k2tcpzcvpkerp'>nevent1q…kerp</a><br/>_________________________<br/><br/>What are &#34;atomic swaps&#34;? 2025-05-12T19:54:28Z https://nostr.now/nevent1qqs29jskecv9cn7grxv00ehkn3qse4ps9vn4dlyqv89ej4n2jalpdhgzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36gqfrcj In reply to <a href='/nevent1qqs89q640lrgr7787d0ankyeqfa8m4q3lrmmesvqvaxpgg7063y9tkqa55tva'>nevent1q…5tva</a><br/>_________________________<br/><br/>What&#39;s that? 1 BTC = $1 million? 2025-05-12T17:50:35Z https://nostr.now/nevent1qqs9354ptkd97439xgkfyxp2swquxu3dqfgrq835d6wt3me8h0szmjqzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw363uky7k In reply to <a href='/nevent1qqs00r3hrflxgycymnuf3e4lymwulx9glrfr7rtwjuyxkf48zjwfhuspz2fnz'>nevent1q…2fnz</a><br/>_________________________<br/><br/>Agree. How to cook a handful of meals should be on there. 2025-05-12T17:46:17Z https://nostr.now/nevent1qqs0sz9mw59ycl7essa05lg9zpzusll2wmfeny9xe9qxxawqvsaserczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36wp764n In reply to <a href='/nevent1qqswye2309yxn5qhntd0xq0p396av3wdm899eufqy7g4d5etr8ywtzsxt3u4e'>nevent1q…3u4e</a><br/>_________________________<br/><br/>Any guess how many there are now? 2025-05-12T16:54:05Z https://nostr.now/nevent1qqsx8dwdcuatzpuyecnv2kjwxh33vg7jv088wn4fqc30xfv54dn4jcczyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36q0gvur In reply to <a href='/nevent1qqs0qpzhkw66y87hsmg3aus5l64lc3ugmu84daxh308cuwl55hxyspgwvc463'>nevent1q…c463</a><br/>_________________________<br/><br/>I&#39;m about 40% in. My friend owns a lending library in Alaska that is all spiritual, philosophical, and religious texts (soon to have a bitcoin section via me!). She gave this book to me after a long deep conversation. I want to like it more than I do. I&#39;m always interested in anything on sex/gender so that content is what I&#39;m looking forward to most. 2025-05-04T12:44:54Z https://nostr.now/nevent1qqs0lgt9um0c5kuw045jwykq2jc3unfydmddyvf0rtjqu7segzgvd7szyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36ymm8x6 I can&#39;t stop thinking about these two graphics <img src="https://image.nostr.build/e02350c2bc37defa3daab00889298e9042cc5b87cbef13913f7d2d083416639e.jpg"> <img src="https://image.nostr.build/f71f145f4fe1030c6af74a8f5a3dbe2bdab3f77eb9836297563418f82c811b25.jpg"> 2025-05-04T11:56:48Z https://nostr.now/nevent1qqsyzshh8ahy4vud690j2l2kj4ftl34002wszzf9vme2fat6sn6sanszyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw363lx74k In reply to <a href='/nevent1qqsw0a570dx6xt66d96sfpjn35n6j8pvmdey66nuhhg8en6pdt3ap9qnhssvf'>nevent1q…ssvf</a><br/>_________________________<br/><br/>I just cracked open a book on Hermatic Philosophy. 2025-05-03T02:35:17Z https://nostr.now/nevent1qqs03q8ewqhfrcgzxg9fdlak2h4sxjwjqz0kqku0q6xrzcyark2u64qzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw36eanym9 <blockquote class="border-l-05rem border-l-strongpink border-solid"><div class="-ml-4 bg-gradient-to-r from-gray-100 dark:from-zinc-800 to-transparent mr-0 mt-0 mb-4 pl-4 pr-2 py-2">quoting <br/><span itemprop="mentions" itemscope itemtype="https://schema.org/Article"><a itemprop="url" href="/nevent1qqst73lu0uv2mszay4hlxqazw4fqddaceypd3tf5tmh2yd88aj2ayzcpr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsp986339w392eunnwzdjezhkaem6gcuhcul7vfg0ecvrh48fzpsqcrqsqqqqqpv6wfw3" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1">nevent1q…wfw3</a></span> </div> In 2015, an eccentric millionaire placed bitcoins in weak addresses.<br/>For years, the prize has been contested by bots, GPUs, and in the future, it is expected to be the first target of quantum attacks.<br/><br/> <img src="https://image.nostr.build/7a13e5e43cb416bf9b6004a8f2a99ccadc05d4961ca5507b6a8f28c399777097.jpg"> <br/><br/>The individual's goal was to monitor the advancement of computational power capable of breaking Bitcoin keys.<br/>These keys have up to 256 bits of entropy, which can be understood as the difficulty of discovering them. They are simply large numbers, on the order of 2²⁵⁶.<br/><br/>He then created 160 addresses, each with fewer bits of difficulty, from 1 to 160, and placed a few satoshis in each one, doubling the amount in the next.<br/>The total prize reached nearly 1,000 BTC. There are still 916 BTC left to be claimed.<br/><br/><a href="https://mempool.space/tx/08389f34c98c606322740c0be6a7125d9860bb8d5cb182c02f98461e5fa6cd15">https://mempool.space/tx/08389f34c98c606322740c0be6a7125d9860bb8d5cb182c02f98461e5fa6cd15</a><br/><br/>The first few dozen addresses were quickly looted. There are bots monitoring the blockchain and stealing UTXOs that have some vulnerability — such as low entropy in the generation of the private key.<br/><br/><a href="https://mempool.space/tx/0eb5b5c103e68eb0931430e7786cf1b6962f9eed5a2cb5271d4dd1699b77e86f">https://mempool.space/tx/0eb5b5c103e68eb0931430e7786cf1b6962f9eed5a2cb5271d4dd1699b77e86f</a><br/><br/>It was only at the end of 2015 that one of the owners of these bots noticed that the source of the bitcoins all came from a single transaction. He decided to share the discovery on the Bitcointalk forum, and that’s when more people began competing for the remaining prizes.<br/><br/><a href="https://bitcointalk.org/index.php?topic=1306983.0">https://bitcointalk.org/index.php?topic=1306983.0</a><br/><br/>In 2019, the creator exposed the public keys of some addresses (those with indexes ending in 0 or 5). This is done simply by moving the coins—the key appears in the transaction. With it, other methods can be used, making it easier to crack.<br/><br/><a href="https://mempool.space/tx/17e4e323cfbc68d7f0071cad09364e8193eedf8fefbcbd8a21b4b65717a4b3d3">https://mempool.space/tx/17e4e323cfbc68d7f0071cad09364e8193eedf8fefbcbd8a21b4b65717a4b3d3</a><br/><br/>One of these methods is a very old algorithm from 1978:<br/>Pollard's Kangaroo Algorithm — a clever trick used to find private keys when part of the keyspace is known. Imagine two kangaroos jumping across a number line, one tame and one wild, eventually landing on the same spot. It’s a classic in cryptography, and now it's being used to chase Bitcoin prizes.<br/><br/>Since then, several programs and even participant "pools" have emerged, all trying to crack the next address. "kowala24731" secured an investment in the hundreds of thousands of dollars to rent GPUs and managed to break addresses #67 and #68 in early April.<br/><br/>Yesterday, someone, probably a beginner, cracked address #69 but didn’t secure the spending properly and exposed the public key.<br/>In a few seconds, some bots cracked the key and replaced the transaction, battling for the balance. The last one paid a total fee of 1.2M sats.<br/><br/><a href="https://mempool.space/tx/a52c5046f3097a8c2bd3b9889df2fb47b104d47a16cc679d3357feec003db753">https://mempool.space/tx/a52c5046f3097a8c2bd3b9889df2fb47b104d47a16cc679d3357feec003db753</a><br/><br/>The time to crack these addresses — discovering the private key from the public key — is quite short. A GPU can do it in less than a minute.<br/>That’s why those who crack the keys can't publish it to the network; they must send it directly to a miner to include it in a block (like Mara).<br/><br/>Among the addresses with exposed public keys, the record was 130 bits of entropy, set by "RetiredCoder," who also cracked other keys.<br/><br/>These addresses are likely serving as "canaries in the coal mine" for the attacks Bitcoin may face. As long as there are still hundreds of BTCs sitting in them, yours should be safe. </blockquote> 2025-05-02T13:26:23Z https://nostr.now/nevent1qqswfch0dmz9mw5hzcrre4gz0q79j77jyjf63gxkgatcdkxfcx03eugzyzrccr9ydc3hw3uzx664jadcdt53yqny6de99vamwd4x9rkp7aw367jwtyr In reply to <a href='/nevent1qqs0vmlzdp7rhux29f3q9v5relwvddrgckr2cnnwfv2hu9naakvxseg5pawa3'>nevent1q…awa3</a><br/>_________________________<br/><br/>Is this really just a two paragraph article? 2025-05-01T15:56:14Z