634: Config Confessions

Just noticed I received errors on earlier boosts. I’ll boost extra later. No biggie.

On a different note, my nix-Bitcoin node is working out great! I love how intense the security defaults are. I even have it routing through a tiny linode! That was a challenge all by itself but we got there. Is the JB server Jupiter01? I enabled tor and stuff but kept getting connection errors when I tried to open a channel. I’m trying to do my part and provide some of that sweet sweet liquidity.

For some reason River’s KYC rejected me and wouldn’t let me try again for 30 days. I ended up just going with Swan and never tried again. I’ve never had a KYC issue with any other company, before or since, but I’d really rather be a River customer than a Swan customer right now.

Chris, your timing is hilarious. Despite nearly constant reminders from my wife, I put off dealing with old retirement accounts for TWO YEARS, and finally got around to it last week. I decided open 401k and Roth IRA accounts with Swan Bitcoin. I use Swan to DCA, so it was convenient, and it allowed me to put this money in Bitcoin without taking a big tax hit. I’d heard some of the drama, but didn’t think much of it until hearing this episode. I agree with your analysis though, all these little turd nuggets are adding up, and it’s starting to smell like a full-blown shitstorm. As I type this boost, I’m looking at two checks made out to a Ripple-owned crypto bank, per Swan’s instructions. I have to admit, I’m starting to have second thoughts.

The sats per USD is truly interesting, especially if you include trends. Overall, I say include the stats. Regarding retirement, I suck at traditional savings and am starting to look at bitcoin as a better way to accomplish that actual goal of long term growth

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Boost just because it’s Wednesday!

Screw it! I’m blowing the whole boost budget on TWIB this week. Another newbie corner idea: what’s the difference between the different address/wallet types? I still use some “legacy” wallet addresses but some things I’ve read seem to suggest changing that. I find it confusing. From what I can tell there’s wrapped segwit, native segwit (which may or may not be the same as bech32, idk), and taproot. I found an article about switching to taproot on stacker news. It mentions that the others are more expensive and will continue getting more expensive over time, but I’d love to know why that is and if there’s ever a reason to choose one of the other options or if taproot really is the best, etc.

Finished the episode and feeling the need to send in extra value after that boost segment. I wanted to boost about newbie corner anyway. I would love a holiday special episode that goes over some of the logic behind your setup. What I wanted to ask you about, that I think could go with a holiday special, has to do with cold storage. I have a new cold card mk4 that I want to move my cold storage to, but I can’t decide how I want to balance backups and security. I’d be interested to hear how your thoughts change when thinking about individuals protecting their wealth as well as small business. Preferably, I’d like something that my wife could handle if me and the hardware wallet were to suddenly vanish. If something terrible like a house fire happened, and I didn’t make it, she could not access our money, the way it’s set up right now.

Hi Chris, I just started the episode but I forgot to boost last week so I wanted to fire some value back your way.

🤔💭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.

I might be biased, considering I’ve “nix-ified” nearly every device in the house, but I’ll add a big +1 to nix-bitcoin. It’s been rock solid for me. I deployed it in a NixOS container a couple years ago, and I just did another major version update on it a couple nights ago. The update went super smooth, no issues. After a quick reboot, everything was back up, including the lightning channel with your node. Nix-Bitcoin is awesome!

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”

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?

🎯 help you bring ideas into reality That's one thing I've struggled with, I've got lots of good ideas but I need assistance and assistants 🤭 to help me move forward to completion

What I would like to see more Nostr apps doing is hiding the fact that they are Nostr apps. Just obscure it away so normal people think it's a normal app, and not a power app. And let the features and usability make them a fan without them realizing it

Custom scripts for everybody! 🥳🥳

Ya there's definitely nothing wrong with waiting. 6 to 12 months from now it will be much more capable, and in order of magnitude easier to set up

I've been setting up mine to automatically log conversations. I've been feeding it all of my notes and business ideas. Everything gets automatically cataloged into obsidian. That obsidian vault is included in the QMD database for vector memory search. My agents have excellent short and long-term memory with minimal token usage. To set it up right, you really need to spend quite a while setting it up - or buy the files from somewhere. I've been setting up going on 3 weeks. It has already made me more productive. Soon my calendar will be synchronized. Client leads with automatically be filtered and surfaced front and center to me. The more you use something like this, the more you will start to understand how you can compound little abilities on top of each other. One cron job can trigger a cascade of events and work. I have used simplistic bots for many years. I used to have one that would pay my child support for me. That ran with no issues for about 5 years before they updated the site and broke my bot. I used to use another one for automatically populating descriptions and titles for an online store. At that time, I was replacing an employee with a simple bot. These things have been providing real value for people, for longer than people assume. Again it all comes down to how you use it and what you're doing with it. 6 to 12 months from now the landscape will be much different. Right now it's very hard to set up correctly and easy to burn money if you don't know what you're doing. But soon a lot of these things will be ironed out and much more normal people will be able to get higher value from it. On top of that, every time the models get better or cheaper, that means you can also upgrade your system to be smarter or cheaper.

I don't know who's spending $1,000 but you doing it wrong. I spent $15 in the past 3 weeks with more usage than I've ever had. It all depends on the model. But If they are also using it to do scraping and analyzing, it's not exactly simple work. And if you compare that to a human being doing the same work - that $1,000 is probably much cheaper than a human spending the time manually scraping and analyzing. I think I saw a graph recently saying that Claude opus outputs - in one prompt - between 5 and 15 hours of human work. Obviously that's not on every prompt, but that's pretty substantial even if it's expensive at a 30 cent API call, then maybe it's an extremely good deal. It's all very relative to what you're using it for and what your accomplishing in the end. Some of us have been playing with AI models for years already so we already know how to prompt better and we get better results. You've got to keep playing with different models - talk to them in different ways - and be explicit, try to remove ambiguity. And if you're having problems writing prompts - ask one AI to write a prompt for you to give to the other.. and that will often increase your chance of a one shot successful prompt

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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!

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.”

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.

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Hey Chris! Great show! Regarding the age vs gold standard stuff, I more or less agree with you, I just see it a little differently. Instead of time since 1971, I think of it as “time spent on a fiat system”: They blow up 100% of the time, so the longer one goes, the more messed up and prone to failure it is. Going off the gold standard allowed for more creative ways to keep the charade going. Also, consider the incentives of fiat. It basically incentivizes everyone to buy up all the resources as quickly as possible. The longer you hodl dollars, the less you get when you spend. Of course people are going to buy up and hoard all the scarce assets they can, it makes for better money than the money! We live in a clown world, I swear. 🤡 Keep the excellent Bitcoin content coming! I loved the bonus ep! I’d happily pay for bonus conent again. ❤️

Excellent episode, as usual! I think you’ve hit the nail on the head about BTC loans. I believe it’s going to be a massive market. I need one myself, actually. Last year, I had some cash set aside to buy a car and went to some dealerships, but right before I pulled the trigger, Uncle Sam hit my wife and I with a massive tax bill. It was our first full year living and working in WA, and I guess my wife wasn’t paying enough in taxes out of her paycheck. Wiped out my whole car fund. Luckily, I was listening to TWIB, and stacking sats. So, it didn’t hurt as bad as it could have, but now I need one of those BTC loans. I am highly interested in the subject either way, so thanks for covering these important topics!

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Banger 🧨🧨 Pure signal

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Need part 2, great conversation 🧨

There are still good women out there... Just snagged one... Alas I did not get a girlfriend this cycle... Moved her straight to wifey

Congrats! 🎉🔥🧡

Cool to hear you're expanding on Wavlake and Nostr 🔥

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.

I get why you’re salty… and I’m sure this Visa thing adds to the saltiness

I’m surprisingly interested by your “I’m salty” opening… bring it on!

Love this series, keep up the great work!🚀🧨

More! ❤️‍🔥🧨🧨

The North Sea nexus. Fuck the Brits, butt hurt bastards

I will make a correction - bitchat was mentioned. I overheard somebody asking somebody else if they want to try it. It sounded like a group of two or three people were going to try it at Lake Satoshi

Rev.Hodl da man, we need more people like him 🧨🧨🧨

Karl is the real Rev 😏

Video would be a nice option but not necessary in my opinion

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

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I thought that sounded like AI. Not bad though!

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…

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

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I heard Steve mention John on Security Now too. I had to lol

You self-censor yourself on the word ass? That's extremely gay

Leave your routers alone. People need those proxies. 😉

EU can suck a dick and they will HFSP

Sorry for my hieroglyphics 😆 It's my way of being lazy, and saying "hello" 🧨 Isn't firecracker... Dye-no-mite https://c.tenor.com/9MLz1UBPxq0AAAAd/tenor.gif

Phoenix was always still usable in the USA, using the APK, no VPN needed It was only removed from the Google app store in the United states. It was still available in Aurora, Github, Obtainium

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Obsidian is 🔥🔥

Join the people on de-googled phones

YahoooOoooooo

Ftr btcpayserver has had payjoin for years - anyone with a btcpayserver should turn it on!

I got a bunch of the original Jades for $20/ea New ones look good, old ones sucked

LFG 🔥

Mosquito Mystereeee 🎶 https://fountain.fm/track/PZ3WN7yvRdyygZYjoUs2 @nevent1qvzqqqp…

🦟🦟🦟 https://fountain.fm/track/PZ3WN7yvRdyygZYjoUs2 @nevent1qvzqqqp…

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Wow it's not every day you hear Back Orifice brought up 🔥🔥☠️🐄🔥🔥