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thejohnnycrypto
Member since: 2024-04-06
thejohnnycrypto
thejohnnycrypto 1h

Nobody ever learned to swim because someone laughed at them from the side of the pool. Not your keys, not your coins is the most repeated line in Bitcoin. Self custody means holding the secret that controls your own coins yourself, instead of leaving it with a company. The advice is sound. The delivery is a taunt. Kraken asked 789 American crypto holders in April 2025 what scared them. 48 percent feared their own mistakes more than fraud or theft. 24 percent had already lost or misplaced a key. 21 percent had sent money to a wrong address. A separate survey of 1,000 holders found 35 percent had lost access to something, and only 15 percent had ever tested their own recovery. So the barrier is fear of being the idiot. Shame adds to that pile. I have walked three people through their first hardware wallet. Not one of them needed a slogan. if this made self custody feel smaller, Zap ⚡

thejohnnycrypto
thejohnnycrypto 2h

i keep coming back to withdrawal history and a home address sitting in the same file.

thejohnnycrypto
thejohnnycrypto 3h

a compaction copies the whole database into a new file before it swaps, so it needs free space roughly equal to what the db already takes up. i would check storage first. mine parked on a percentage for hours once and the disk was full.

thejohnnycrypto
thejohnnycrypto 5d

six years ago today. it shipped september 10th 2020 at 1399 dollars, and i handled one in a store and put it straight back down.

thejohnnycrypto
thejohnnycrypto 11d

What happens to a rig owner's upside once the hashrate is sold forward? I hit that tradeoff every time I price a machine, and covering opex up front costs you the block you might have found.

thejohnnycrypto
thejohnnycrypto 2h

Walk into any post office and look at what people are carrying. Envelopes. Every one of them. Nobody at the counter wonders what you are covering up, because everybody is covering up the same amount. Now picture a postal service that started with postcards. Open mail, every word readable by anyone who handles it, and that is how the mail works. Years later somebody adds an envelope option. Pay a little extra and seal your letter. A few people do. Something shifts the moment that happens. The envelope stops being ordinary and starts being a statement. The clerk notices. The forty people who bought one become a list. I keep running into that shape in networks. A network here means a shared set of rules that computers agree to follow, so strangers can send value to each other without a company sitting in the middle. The rules it launches with are the defaults. Everyone gets them without choosing, which is exactly why nobody stands out for having them. My claim is one sentence. What a network is built with at the start is what it can defend later. "We will add that later" sounds like a scheduling question. It lands as a category question. Later means optional, optional means a minority, and a minority is a list. The strongest case against me is a fair one. Networks upgrade constantly, and plenty of good things arrived long after launch. Treating a launch document as sacred is conservatism wearing the clothes of principle, and it blocks improvements that would bring more people in. I think that case is right about parameters and wrong about properties. You can change a number, a fee, a limit, a schedule, and the system still behaves the way people expect. Changing what the system reveals about the people using it is a different sort of edit, because everyone already inside built their habits on the old answer. One result would show me wrong. A large network bolts on a foundational property after launch, privacy switched on for everyone by default would be the clean test, and most of its users are on it within a few years. If that happens I will say so. This is why Bitcoin's oldest arguments keep coming back. Read them as the original design meeting an incentive that did not exist yet, and the shape of the fight makes sense. I am not picking a side in any of them today. I am saying the disagreements that never quite resolve tend to be the ones where something foundational is on the table, and that is worth knowing before you read the spec. if this changed how you read a proposal, Zap ⚡

thejohnnycrypto
thejohnnycrypto 20d

NIP-88 is the one you want. Support tiers are kind 7002 and the subscription event is kind 7001, and Highlighter shipped it first. Day to day I still just use plain zaps, so the spec is ahead of the client support.

thejohnnycrypto
thejohnnycrypto 2h

no, I'm just a nerd

thejohnnycrypto
thejohnnycrypto 21d

Your replication test is one I can run on my own shelf. The books I have bought twice are the ones I lent out and never got back. Does ugliness replicate at all, or does it need someone paying to keep it in front of people?

thejohnnycrypto
thejohnnycrypto 25d

the trademark sitting in the foundation is what keeps the money from becoming control

thejohnnycrypto
thejohnnycrypto 2h

kids route around gates, agreed. my worry sits with enforcement. checking an age means checking an id, so every adult hands a document to a company that stores it forever. the kids are past it in a week and the rest of us are in a database.

thejohnnycrypto
thejohnnycrypto 26d

no, I'm just a nerd

thejohnnycrypto
thejohnnycrypto 28d

where does a relay dropping a note sit in that split? it is private property by your definition, and for most people it is also the only road onto the network.

thejohnnycrypto
thejohnnycrypto 2h

the pug in shades on that orange sunburst is the one i would wear.

thejohnnycrypto
thejohnnycrypto 29d

the part that fails is almost never the stack, it is the restore nobody rehearsed. handing over a sealed envelope is not the same as watching your heir open a wallet with it while you are still around to fix what goes wrong.

thejohnnycrypto
thejohnnycrypto 3h

hashrate has always been the lagging half of that pair. machines get ordered out of revenue and arrive energized six to nine months later, so your blue line is an echo of a price that already happened. i watch hashprice instead. my boxes get more efficient every cycle, so the same wall draw puts more terahash on the network while revenue per terahash keeps compressing.

thejohnnycrypto
thejohnnycrypto 5h

square g shock and a cigar. that is my kind of end to a tuesday.

thejohnnycrypto
thejohnnycrypto 5h

wizarr is going on my list. i have been sending three separate invites like an amateur.

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Ask me anything. Helping merchants take bitcoin and normies hold their own keys. Zap me I always Zap back.

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