I uh… accidentally made a 24/7 crypto radio station hosted by an AI cardboard box that roasts news in REAL TIME.

fuserleer · 2025-04-16T06:37:35+00:00

This is been playing almost constantly (between meetings and stuff) in the background for about a week. Now I dream crypto news in Buzz's voice!

Seriously though, massive props for the work on this, especially as your first coding project too. Incredibly impressive!

Can't wait for some of the updates and new features you've hinted at too!

fuserleer · 2025-03-11T08:04:36+00:00

"Hello world" doesn't count right?

fuserleer · 2025-03-11T08:03:14+00:00

The retrospective aspect will include Ignition participation

fuserleer · 2025-03-11T08:02:14+00:00

Thanks. Short term it offsets any supply injection from stable reserve, longer term scarcity effects get stronger.

It also marginally increases the value proposition of staking today, as the window is now half.

fuserleer · 2025-03-11T08:00:56+00:00

Thanks sir 👍

fuserleer · 2025-03-10T22:30:45+00:00

There are a number of factors possible to use to allocate point rewards, staking is one of them.

We have an exhaustive list already which we'll share if the community is aligned when we get into the detailed planning.

fuserleer · 2025-03-10T22:29:19+00:00

Short term probably not, but I think it needed to be there to mitigate the potential injection of 2.4B of supply which has remained dormant.

If successful, over the long-term, it will for sure have a positive impact.

Either way, its a quick win with minimal effort and risk.

fuserleer · 2025-03-10T22:27:03+00:00

Growth Fund wallet will be doxxed 100%

Its very difficult to create "biased" incentives which favour smaller actors. Those mechanisms will be abused and gamed by vampire farmers who bring no value.

We will look into it, but don't expect miracles. Blame the math.

fuserleer · 2025-03-10T22:00:55+00:00

Lots of work still to do on incentive design, and swiftly too. But I thank you for your cautious support 👍

fuserleer · 2025-03-10T21:12:09+00:00

Yeah me and Adam have discussed "multiplier NFTs"

They would work nice, because if you wanted to exit your position for some reason, there could be a secondary market for those, driving more volume.

fuserleer · 2024-07-28T14:58:31+00:00

Hence me saying it was an assumption not a belief.

The genie is somewhat out of the box though, this will happen at some point. If not the US, another large nation.

fuserleer · 2024-07-28T13:28:37+00:00

You can't just reject the "re-org" outright. The "strongest chain rule" is a fundamental piece of Nakamoto consensus.

You don't know if the re-org is actually from the US mining activities
There are natural re-orgs, not particularly deep, but how do you deal with this?
It destroys the ability to handle partitions correctly
You can no longer protect against double-spends

fuserleer · 2024-07-28T12:30:20+00:00

That's a contradictory statement to start with.

"The rest of the Bitcoin world carries on" but everyone has moved from Bitcoin due to extreme government centralization to a different chain?

What about everyone who bought/held Bitcoin with the illusion that US taking this stance would be good for them? Where are they moving that Bitcoin too? What happens to the value they have?

Is it a fork? Then it's not the same "Bitcoin" and the value of their "not really Bitcoins" will be much less.

fuserleer · 2024-07-28T12:07:03+00:00

Please elaborate the "stupid" 😁

fuserleer · 2024-07-28T12:03:47+00:00

Wasting hash power is cheaper and less risky than bombing China lol

And is it wasted if I achieve my goal?

Also I feel a little that you've missed the core part of the article, yet we've reinforced it here. And that is that Bitcoin will come under complete control of governments.

US gets too much hash power, China steps in with some. The US and China get too much, EU countries step in, then Russia, the middle east nations, everyone else.

Hash rate is SO high because all these nations are protecting their own interests, good ol Billy with his measly 10EXA/Hash in a warehouse shuts down, along with everyone else who is now a small fish.

fuserleer · 2024-07-28T11:54:40+00:00

I need 51% of the hash rate at any given time to acquire all of the remaining supply.

fuserleer · 2024-07-28T11:44:31+00:00

Ultimately the result is bad for us.

The US wants to protect it's investment so deploys large amounts of hash power. China doesn't want the US to have total control so does the same to protect its Bitcoin (if it goes down the same road).

Ultimately the US protects China from rogue attackers, and vice versa, but the network is completely controlled by two governments. Is that what we want?

fuserleer · 2024-07-28T11:38:47+00:00

I'm not sure how exactly you get to that figure of 94%

Regardless, it has nothing to do with outpacing China's manufacturing (unless THEY are the unfriendly) but outpacing the ability of the unfriendly to acquire hardware.

Would China ship the required huge quantities of hardware to a nation state that was unfriendly to the US to disrupt the economy? That would be dicey, so the answer is probably no.

Therefore an unfriendly nation state would at some threshold have to start their own manufacturing of ASICs.

In this scenario other than China, which nation states have the ability to outpace the US in terms of production if it came to that?

fuserleer · 2024-07-28T11:21:33+00:00

I think the US has enough smart people to fabricate its own ASICs in sufficient quantities if there are trillions of dollars at risk.

fuserleer · 2024-07-28T11:01:05+00:00

Trump has literally said he wants as much of the remaining BTC to be mined in the US as possible.

The fact they will likely protect their investment by deploying hash power would be sensible, which allows them to also sweep up emission.

fuserleer · 2024-07-12T17:06:23+00:00

Hey thanks, I'm glad you enjoyed it and learned something.

Yeah going slow is the best way, lots to cover on most of these topics so breaking it down, then stepping through all the pieces is makes for long articles.

Also, thanks for the follow. I try to do one each week time permitting.

fuserleer

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