649: Burned by AI

Update on knots VS core nodes Knots takes up 50G more space. Not sure why...

So… whatcha think about BULL Wallet? https://primal.net/e/nevent1qqszsg50jrj0g9hluzryh0r0328j2wk…

Have you gotten the bonus stuff for TWIB working with Jupiter Party? If not, is that still in the works?

A Command and Control economy? Is he saying China’s economy is a botnet? 😂

Can you break down “leverage” for a n00b please?

Another question: as a member who also boosts, do you prefer having income from memberful or as boosts? Say for example I wanted to increase my financial contribution to JB. Is the membership or boosts more effective/easier for you guys to take in?

Show production question for ya: What part of Jb's operations takes the most of your time? What takes the most energy? What is the highest cost? As a member, I want to help offset that some, especially if it is something that I could either help support with time or by helping automate or maintaining some of the infrastructure, etc

Fidgets are a big part of my life, mostly because when you have a 3d printer, you can make your own. I've made probably around 20 infinity cubes for people and then 2 for myself, 1 for work and 1 for home. Look up fidget on printables.com or thingiverse

Episode 100 idea: Bitcoin Dad's guest appearance (if he is up for it of course)

+1 to expanding the updates section discussing the implications of changes Also +1 to what bitcoin.conf settings you run and why

Thank you for this episode

Chris, can you do an section on your core config options and rationale behind them?

In regards to entropy and offline generation, I think people are missing the point. You want more entropy data points and to get such things, most operating systems get that from network, disk, memory, all kinds of different things that are changing. If you have a tails system that's completely air-gapped, you're not going to have all the network data points that you can pull from to add to the entropy pool. To get the most randomness, you want a very high entropy pool and the Linux entropy pool is taking all sorts of different inputs, so the more inputs you can add, the higher your entropy, the better your random number generator is. So when I generated more dice rolls, I was using my main online system with browser open as much entropy as you can possibly get based off of network activity, and all that. Yes, sure, if somebody pwned that computer already, they could see the numbers that were generated, but that still is much higher entropy than if you have an offline system that you just booted up and you're already generating numbers off of.

Community Mining pool update. The upstream project P2PoolV2 is still working on mining share payouts. The software is not yet a minimum product. At the same time, I have been working in a NixOS flake to run the project as a service module.

HAPPY LAUNCH SUNDAY ON A TUESDAY

Couldn't make it yesterday since the storms in my area knocked out the regions electricity. Thankfully I have a portable generator to keep water and fridge running. Maybe it's time to invest in a battery system with an inverter and a bigger generator to keep more of the home running

Huge update on JB mining pool coming soon. Chris, please contact me to discuss some details

Thanks for the boost question in the show notes, great addition to the notes

I am an IT sysadmin that also enjoys coding. LLMs have changed by job a little bit in that I don't have to spend as much time sorting through search results to find solutions to my problems. I'm able to find things sooner and have answers that are more catered to the problem that I am having. For coding, I enjoy doing it and I don't have a pressure to release anything faster than normal so agentic coding hasn't really been a huge part of it yet. If there was a pressure to ship mostly functional programs sooner, I might be using it more but at the moment it is just a fabulous search tool

I'm also rethinking my cold storage situation. I wrote a little rust program to roll a virtual dice using the rand crate, then used that running on my desktop which at that time had been online and doing a bunch of things in the background for a while to get some random dice rolls. Going to check out Bitkey and also maybe an ESP32 based seedsigner

Regarding fed reserve... All our govt does is jibber jabber unless it affects their own wealth or life or agenda. They don't care about the middle class and as long as there isn't a revolution, which they're confident there won't be, they can continue just jibber jabbering

I've taken the plunge into nixos. I set up a full lightning stack on nix-bitcoin and a side effect of that was to install nixos on my main server at home. Chris, I blame you

Thank you for this episode!!!

Chris, I will buy you a bitaxe. Tell me which one and where to ship it. I'm almost done setting up a pool server so we can have a JB Pool

Catching up, regarding the poverty line, I spend over 23k on housing and I'm in the Midwest in a rural area. What gets me is that all these "experts" never update their formulas even though everything is constantly changing around them. Why do you think that is?

Curiosity question: what is the software stack of your Callisto node?

So glad you decided to do the show today! I always want to hear your take, even when it’s all macro news

I’d absolutely attend a #bitcoin event, especially one hosted by you @npub1awyzkzakt…

Split to angerz is failing on fountain

Upper-ed expectations!

For those asking: Mining pool update I have a proof of concept set up. However it is based on the project called P2PoolV2. The payout system doesn't work yet so there's no point for me to share the link and for us to burn energy without a reward. The pool by default uses PPLNS shares but there are other payout methods being implemented. I will update again when there is a minimum viable product of P2PoolV2 available

Just read “Tether Was Born On Bitcoin. Twelve Years Later, Is It Coming Back?” and it sounds like some important things regarding lightning are happening, particularly related to the first two of three companies mentioned in it. https://www.forbes.com/sites/boazsobrado/2026/03/31/tether-…

If family computer counts, the first computer I remember using and learning was a dell dimension 5000. Keep in mind I'm only only 10ish years older than your oldest... Sorry to make you feel old lol The first computer that was actually mine was a custom built machine centered around an A10-7890K because I was too poor for a dedicated video card at the time. This was during high school so what money I did get from the job I had was saved up and I later bought a 1050ti.

For the dumb time machine thought experiment I would back to the era of early steam locomotives so 1880s to early 1920s. I would love to be on a train crew and armed with my current knowledge of how to run one already, I probably wouldn't need to learn too much in terms of being an engineer or even a fireman. Plus it was the old west which is one of my favorite historical eras. Yeehaw pardners

Love the Cheep Cheep music in the background just after the boosts 😁Keep up the good work!

What website do you use to see nodes statistics?

Chris, I think you probably would end up spending more BTC if there weren't taxes on it either since all these boosts are essentially a locked up cash flow for you. You'd be able to dip into the boost income and pay the monthly bills with less cost

Edit last boost I WOULD NOT have to do all these calculations

I would spend more sats if there wasn't a capital gains tax on every single transaction. My self hosted lightning would then just become my checking account and I would have to do all these calculations on how much fiat I need to save to pay the bills and put the rest into BTC cold storage. Could take my whole pay in BTC

I love the idea of audits like this. Great idea

Clip 5. Meant self custody, not self sovereignty

Clip 5. Eh, not really important to me. I don't coinbase or care much about clarity act. Self sovereignty over here

Clip 4. Cut, not helpful to the topic or discussion

Clip 3. Helpful to see where he is coming from and the lense he sees through. I would have liked it to be included since I don't know his background at all

Clip 2 misses out on the whole point of why bitcoin is a good investment, being scarcity. Mathematics proves only 21million. CUT

Clip 1,agreed on cutting

Regarding that CTO that got hired in the first story. Sounds like someone had a bunch of Microsoft stock and wanted to pump the value up

The intro song for bootleg sums up my work life pretty good

Would love to learn more about mesh tastic

Wanna change perception of Linux? Get younger people, or influencers of younger people, to talk openly about non-niche topics and how they personally **prefer** using Linux to do them.

As of September 24, there’s an open PR for nextcloud30 … I’m just itching for some of the new features.

We’ve been using a Zero Water pitcher for a long time and am really happy with it Chris.

The split to drew failed in my last boost

Congratulations Alex for figuring out why in the business datacenter we have a few separate SANs, compute hosts and NAS boxes instead of one. All because the department of redundancy department exists. In my homelab, I have found that added complexity can make more headaches down the road when one box gets updated and that breaks a thing or you have to shut everything down because your NAS with all the data needs an update or whatever the case may be

Hell no to a CDBC

Unchained Capital has a Bitcoin IRA that uses a multisig setup that’s compatible with the Trezor One… it’s a nice option for rolling over a 401k from a previous employer… just sayin’

HODL’ing ‘til the the cows come home… I’m in no hurry since I wasn’t expecting any real upside until 4 or 5 years in anyhow. I only started dipping my toes in beyond lightning in March 2024 but learned that HODL’ing is the way.

Any western nation talking about the the downside of not being able to feed itself needs to shut up and read “Hidden Repression: How the IMF and World Bank Sell Exploitation as Development”

No video for me. I prefer audio because it allows me to think critically about what is being said. Video requires more sensory input which takes note brain power. Plus I listen in during the commute the most anyway so video is not feasible anyway

We can’t have you being under compensated for TWIB… surely, of all people, the listeners of a #bitcoin #podcast can figure out how to use the #lightning network to show their appreciation for what you do. If anyone wants help figuring this out, hit me up: - Mastodon: @genebean@fosstodon.org - Nostr: npub1mwsk3ly4lk7efdqqjm62dkc699kqapwyyvdley3xljjm0lxruh9qzvu46p

Keep these bonus episodes coming. This media production irked me like it did you

I can certainly see why this video got under your skin. The in-depth breakdown was good and I’m looking forward to additional bonus content.

Boosting again just because I keep thinking about the stuff in this episode

Last week I boosted and relied on you seeing the rendered version of my npub like is shown on Fountain & Primal, but that isn’t how things work. After reading you suggested making my own site pouted at my Nostr profile… so I did 😁 I setup https://genebean.me with all my links and setup https://genebean.me/nostr as a shortcut.

Such a good show!

I think the four year cycle still exists because our political system in the United States is also a four year cycle to an extent. We get at least lately a different president every four years and it just goes back and forth between the two major parties and the four-year cycle is indicative of market during those policy changes that the different parties make and their ethos of how to run the country

Would the bip110 situation be somewhat solved by having additional node implementations?

Boosting the song on TWIB from Fountain using a self hosted Alby wallet.

Here’s a 🥾 boost for ya 😜

Oooooo please do talk more about this hosted miner stuff

Regarding the dual mandate, I think Matthew nailed it: “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other.”

I love to think that when your son asks why the price is going up you get out a pipe and and say," now sit down son, let me tell you... ". I know you don't bit still

Q for the audience: Anyone got any suggestions for #bitcoin educational material for elementary age kids?

+1 to NixOS node. I don't feel like I ever have to worry about doing updates on my server anymore

I'll take some Saylor sats... Yes Strategy selling is good, along with all the other whales because that means more and cheaper sats for me!!!

When I heard about the fold card from you, I immediately went to set it up. Been paying bills and my mortgage with it. So far, so good!

🤔💭I wonder if Wes could update y’all’s boost tooling to resolve Nostr addresses as I tend to boost this show from Fountain simply because it also posts to Nostr. I wonder if the the tooling could also use info Fountain includes in boosts to make that easier. That would help with truncated boosts from here too since Nostr notes can be way longer than boosts natively support.

From what I’ve learned thus far, it feels to me like there are other things at play that generally line up on 4 year intervals rather than #bitcoin itself having a 4 year cycle. Primarily, I think what you’ve laid out previously about the liquidity market being the driver is key.

Are you staying on Knots or Core? If Core 30, are you making any changes to the default configuration?

Re: Would I spend my sats at a store with Square that’s offering the option of paying in BTC? Absolutely, but I’d do it via the cash side of the Strike app where I pay the invoice straight from my checking account. I’d do it every time simply to help normalize paying that way.