UNGOVERNABLE

In this episode of bitcoin monthly we discuss Blockchain spies calling Bitcoin Core Contributor “Unqualified” and much more. 

 

Baltic Honey Badger Recap

 

 

Huge fee incident

https://www.nobsbitcoin.com/paxos-identified-as-fat-finger-entity-in-20-btc-fee-mistake/

 

Nunchuk Byzantine

https://www.nobsbitcoin.com/nunchuk-byzantine/

 

Fortress acquired by Ripple

https://www.nobsbitcoin.com/ripple-acquires-fortress-trust/

https://www.nobsbitcoin.com/fortress-lost-customer-funds-prior-to-acquisition-by-ripple/

 

SeedSigner 0.7.0

https://www.nobsbitcoin.com/seedsinger-v0-7-0/

 

More CA bullshit

https://www.nobsbitcoin.com/chainalysis-denounces-bitcoin-core-contributor-bryan-bishop-as-unqualified-to-audit-its-code/

 

RoninUI Pairing page

https://www.nobsbitcoin.com/ronin-ui-v2-3-0/

 

new BTCPay app to be developed

https://www.nobsbitcoin.com/btcpay-server-partners-with-spiral-and-ldk-to-develop-btcpay-app/

 

Peach goes Open Source

https://www.nobsbitcoin.com/peach-bitcoin-v0-3-0/

 

Sparrow v1.7.9

https://www.nobsbitcoin.com/sparrow-wallet-v1-7-9/

 

Robosats is decentralizing

https://www.nobsbitcoin.com/robosats-is-decentralizing-how-to-become-robosats-federation-coordinator/

 

Zaplocker - Non custodial lightning address server

https://www.nobsbitcoin.com/zaplocker-com-non-custodial-lightning-address-server/

 

Tor PoW Launch

https://www.nobsbitcoin.com/tor-launched-proof-of-work-defense-for-onion-services/

 

Tornado Cash indictments

https://www.nobsbitcoin.com/new-tornado-cash-indictments-run-counter-to-fincen-guidance-coin-center/

 

Samourai v0.99.98h

https://www.nobsbitcoin.com/samourai-wallet-v99-98h/

 

Samourai Dojo v1.21.0: $1 Fee Estimator

https://www.nobsbitcoin.com/samourai-dojo-v1-21-0/

 

The Bitcoin Company's Web App Added Auth47 Paynym Accounts

https://www.nobsbitcoin.com/the-bitcoin-company-integrated-auth47-paynym-accounts/

 

 

 

 

Info on Peach licence 

 

https://github.com/Peach2Peach/peach-app/blob/develop/LICENSE.md

 

 

Article on Chainalysis Denounces Bitcoin Core Contributor As “Unqualified”

Chainalysis attempts to render Bitcoin Core contributor Bryan Bishop as “unqualified” to audit Chainalysis’ source code as the surveillance firm’s own experts stumble cluelessly around the blockchain.

 

 https://bitcoinmagazine.com/technical/chainalysis-denounces-bitcoin-core-contributor-as-unqualified?ref=nobsbitcoin.com

 

 

 

 

 

 

Show Host: Max 

 

https://twitter.com/MaxBitbuybit

 

Co host BQA

 

Twitter - @BitcoinQ_A

Website -  bitcoiner.guide

 

Co host - Antomous

 

Twitter - @antomousB

Website vulcan21.com

 

 

 

Ungovernable Misfits Socials

https://www.ungovernablemisfits.com

 

Twitter 

https://twitter.com/ungovernablemf

 

 

Show Sponsor: Foundation Devices

 

Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,” 

 

Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase.

 

https://foundationdevices.com

 

 

Show Sponsor: sx6.store

 

SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!

 

 

 

 

As always please feel free to reach out and ask me any questions.

Pleb Miner Monthly 

Episode 10

Show Notes

 

1 year of doing Pleb Miner Content on BitBuyBit. 

 

We are honored to be able to provide Pleb Miner content and are doubly honored to be able to interact with all of you on Telegram, Twitter and Fountain

 

Thank You for all the contributions of content, encouragement, sponsorships, boosts, and friendships!

 

Intro Music: Faith No More – We Care a Lot

 

Statistics brought to you by Lincoin Mining 

 

Schedule a call with Medi so you can hear him say “What do you do, so I may tell you what we can do for you?”

 

Statistics Summer Summary

Hashrate - June 21 our 70 MA was 367 EH – We are now 394 EH a 7.3% increase

Difficulty - June 21 Difficulty was 52.35 EH – We are now 54.15 a 3.4 % increase

BTC Price - June 21 BTC Price was $29,893 – Its now $26,192

Hash Value - Hash Value on June 21 was 24,850 – and is now 24,040 3.25% decrease

 

Block 807,057, 20.013 BTC in transaction fees!!!

Mononaught Tweet

Everybody Wang-Chung tonight, everybody have fun tonight

 

Bitesize Bitcoin (Mine your Mind) Brought to you by FixRigs

Take the Quiz!!! And share your results!

Most of the answers are contained in our Bitesize Bitcoin Segments

If you’re stuck on one, ask Jon and I’ll direct you to the episode

Highest Score Gets a Boty Hat!

 

Statistics

 

• What is Hashrate? 
• What is the incorrect name given to the HalFinning? 
• Explain the HalFinning. 
• What is difficulty and why is it important? 
• Name two common payout schemes used by mining pools?

Basic Electricity

• What is Voltage?- 
• What is Current? 
• What is Power?
• Explain Joules Law. 
• Convert 3500 watts at 240 volts to amps

Cost to Mine

• What is a Watt/hour ?
• Calculate the cost to mine a 3500 watt Bitcoin Mining Server over a 24 hr period at  
• $.10/KW/hr 
• Now do the UK at 30p/KW/hr 
• What is Hash Value 
• What is Hash Price 
• If current BTC price is $26K and our 3500 watt machine at 110TH get us 25, 773 sats per day, are we profitable at .10 cents KW/hr 
•  

Block Creation and Transactions

• What are the components of a candidate Bitcoin block headerTransaction Data
• The transaction data within a Bitcoin block contain information about each transaction included in the block. Name some of the key characteristics of the transaction data
•  

Bitcoin Mining Server

• Name the parts of a Bitcoin Mining Server also knows as an ASIC. 

 

BIP300

• BIP 300, also known as drivechains is a Bitcoin Improvement Proposal that will allow sidechains of separate blockchains on top of Bitcoin. Max, this is the final Mine your Mind question. Are drivechains…

1. Gay
2. Lame
3. Retarded
4. Regarded

 

Pleb Miner Monthly ACTION NEWS!!!

 

First up Riot receives $31 million in energy credits 

 

A short Op-Ed from an Anon Pleb. 

Growing Centralization of the Bitcoin Mining Sector

Public corporations have rapidly dominated the mining sector, primarily through aggressive mergers and acquisitions. By establishing expansive industrial mining infrastructure and consuming incredible amounts of electricity, these entities have positioned themselves at the forefront of the industry. Their dominance is further solidified by their ability to secure funding via traditional Wall Street mechanisms, such as shareholder dilution and convertible notes. This financial leverage affords them several advantages, including procuring large machine orders at prices below market rates, benefiting from reduced transmission and distribution costs, thanks to high-voltage infrastructure, implementing power procurement strategies tailored to bitcoin mining. Such centralization can sideline smaller players, often referred to colloquially as the "plebs", pushing them to the periphery of the industry. Bitcoin is meant to be a P2P decentralized network. Centralization of mining is a justified concern. 

 

Bassload Update Turn Down for What!?

 

Nic Smid Blockpost

 

Nico Smid Immersion Article on Ungovernable Misfits

 

The Bugle Bugle - Paul Sztorc Runs for President to Promote BIP 300

 

Pleb Miner Small Builds and Innovation

Travis Bitkle 

 

Sat Stacking Pleb has a cool one board build

 

Altair Tech to have S19s single boards 

 

D-central carries a Bitaxe kit and Pivotal Pleb Tech boards

 

Crypto Cloaks carries a number of DIY items as well

 

Winter is coming and everyone is getting ready with their space heaters and dusting off the sketchbooks and designs from previous years and getting back to work. Can’t wait to see and share what everyone will build this winter!

 

UngovernableMisfits.com has Max and Crown’s art for sale, check it out on the newly revamped website!

 

Troy Cross and Bitcoin Bassload

Treble + Bass = Energy Grid Harmony

 

In this electrifying episode of BitBuyBit, Max and Jon speak with energy market expert and Pleb Miner Mafia Capo, Bitcoin Bassload as well as Philosopher and Bitcoin enthusiast Troy Cross from the Bitcoin Policy Institute.

 

The relationship between Bitcoin mining and the American energy industry is complex, nuanced, wrought with acronyms, oversight, and regulation. The purpose of this conversation is to find where we agree and disagree on the relationship between Bitcoin mining and the energy industry and what we as Pleb Miners can do when our energy is focused and pointed in the same direction. Troy and Bassload come from different perspectives when looking at the relationship between Bitcoin mining and energy, but their hearts and minds are focused on making sure that Bitcoin wins.

 

In this discussion Bassload defines terms like the Federal Energy Regulatory Commission (FERC), Regional Transmission Organizations (RTO), and Independent Systems Operators (ISO) and explains how regulation and government policy steer energy markets. He discusses the Physical Grid versus Policy Grid, balancing authorities, generation fleet mix, and Meredith Angwin’s fatal trifecta for the grid: over reliance on renewables, backing up the renewables with just in time resources, and overdependence on neighbors. Bassload offers advice on creating relationships with energy providers: 1. Print the load 2. Pay an invoice. Bitcoin Bassload’s Energy Market Inflows can be found on his Substack in which he puts out frequent updates. 

 

Troy discusses the unique characteristics of Bitcoin mining and its relationship with energy, particularly in the context of environmentalism and regulatory arbitrage. He highlights that Bitcoin's decentralized nature and algorithmically fixed production makes it resistant to local regulations and taxes. His point in conveying this, is that Bitcoin mining can take advantage of excess energy in regions with corrupt governments, it can bypass restrictions, and potentially disrupt the energy market. The discussion emphasizes that Bitcoin's fundamental value is tied to the cost of energy rather than fiat currency. Over the long term, government regulations and subsidies may not significantly impact Bitcoin mining, or its adoption. Troy expands on this theory in this recent article.

 

Treble and Bass = Grid Harmony

 

Terms and Definitions

 

FERC- FERC was originally called the Federal Power Commission to then become the Federal Regulatory Commission created on October 1 1977. The FPA was originally designed to coordinate federal hydropower development (in 1920) then in 1935 it was given the independent regulatory status to then regulate both hydropower and electricity.  Then in 1938 the natural gas act gave FPA jurisdiction over interstate NG pipelines and wholesale sales.  FERC was created due to a response to the oil crisis of 1973 and thus passing the Department of Energy Organization act of 1977 in an effort to consolidate agencies into a ‘department of energy’. DOE was born.  Congress insisted that the independent regulatory body be retained.

• FERC originally was to determine whether wholesale electricity prices were unjust and unreasonable 
• If so regulate the pricing and give some refunds to ratepayers
• FERC an independent organization that its commissioners are appointed by the president and confirmed by the senate
• Order 888 was issued in 1996 which created the RTO’s (regional transmission organizations) in response to the Energy Policy Act in 1992.  
•  

 

RTO’s- Organized by FERC to have what were the former power pools to ‘rebrand’ themselves as independent transmission operators that would be able to compete in a wholesale electric market administered by RTO’s.  PJM, NYISO and ISONE were first in line. Like an ISO they operate transmission systems and develop innovative procedures to manage transmission equitably. 

 

ISO’s- Independent System Operators were designed to consolidate and manage the operation of transmission facilities to provide nondiscriminatory open transmission service for all generators and transmission customers.

 

Traditional wholesale markets were in the SE, SW and NW and most were vertically integrated where they own generation, transmission and distribution systems to serve electricity consumers.  They also many include federal systems:

• Bonneville Power System
• Tennessee Valley Authority
• Western Area Power Administration

 

At the wholesale level, the RTO’s and the ISO’s is managing economic dispatch of generators and its auctions to the clearing price.  Less expensive power gets dispatched first.  RTO controls the bids, they know the cost of fuel, and they know the marginal cost of the next kwh your generator plant makes.  One can add a risk premium to the bids but the RTO’s are checking. (Meredith Angwin) 

 

TYPES of RTO’s and ISO’s

• CAISO- California Independent System Operator
• ERCOT- Electric Reliability Council of Texas
• SPP- SouthWest Power Pool
• MISO- Midcontinent Independent System Operator (15 states and canadian province of Manitoba) 
• SouthEast Power Pool
• PJM- Pennsylvania New Jersey and Maryland
• NYISO New York Independent System Operator
• ISONE Independent System operator of New England 

 

Vertically integrated- this is where the same entity owns all of the generation, transmission and distribution to service electricity consumers in the given region that they are in.

 

PUC’s- Public Utility Commission were designed to do a couple of things:

• Balance the needs of consumers AND utilities 
• Ensure safe and reliable utility service at reasonable rates
• Protect public interest
• Educate consumers to make independent and informed utility choices
• Typically the PUC’s were designed for the consumer, but they are also heavily “in bed’ with the utilities
• Regulate electric, gas, telecommunications, water and wastewater facilities
• Typically appointed by the governor serving 4-6 year terms.
• Typically regulate all investor owned utilities in their state
• Municipalities and cooperative utilities are often exempt from PUC regulations 

 

PUCs often use non-adjudicatory processes to address new and evolving issues. This would include traditional rulemakings, in addition to informal stakeholder collaborative processes. Over the past decade, the stakeholder process has become one of the mainstays of issue resolution. In these proceedings, professional facilitators are often used and the parties work toward a narrowing of issues or their complete resolution through a negotiated or shared agreement. Typical participants include utilities, ratepayer advocates, environmental advocates, and industry advocates. 

 

Load Shape- the amount of energy consumption one uses, measured in watts or kilowatts over a period of time.  When looking at the curve of how that energy is consumed, the shape of that curve is what is monitored.  If flat, good.  If not and seeing spikes means that the shape is inconsistent with the amount of watts consumed over time

 

BTU- A British Thermal Unit, the base unit of measure for measuring energy in the US.  a btu is the amount of energy required to heat one pound of water 

 

Joule- joule, unit of work or energy in the International System of Units (SI); it is equal to the work done by a force of one newton acting through one metre. Named in honour of the English physicist James Prescott Joule, it equals 107 ergs, or approximately 0.7377 foot-pounds.

 

Watt- the SI unit of power, equivalent to one joule per second, corresponding to the power in an electric circuit in which the potential difference is one volt and the current one ampere. 1 watt = 1J/s

 

Baseload- Baseload electricity generation creates 24/7 power to the grid to meet the base energy needs of the U.S. While peaking generation must follow the varying hourly electricity needs as demand rises and falls, base load generation operates constantly to support the increment of demand that is always there no matter the time of day or day of the week.

• https://energytransition.nema.org/wp-content/uploads/2023/01/NEMA-QuickFacts-Baseloadgeneration.pdf

 

Balancing Authority- The BA makes sure that the supply of power on the grid is exactly matched with the requirement for power always.  The BA must keep voltage within a narrow range and balance demand on the grid.  The BA must also make sure that the VARs (Volts Amps Reactive) are in balance. Refer to page 28-30 of shorting the grid.  “A well run grid is like a good bicyclist on a smooth road, while a more difficult grid (more sudden ups and downs in power or energy requirements) requires more of a balancing-type energy (Meredith Angwin). 

• 60Hz or 60 cycles per second in the US
• 50HZ or 50 cycles per second everywhere else
• The responsible entity that integrates resource plans ahead of time, maintains load-interchange-generation balance within a balancing authority area, and supports interconnection frequency in real time.

 

Energy Auction House- mentioned above and see pages of Mereidth Angwins book shorting the grid pages 91-93

 

Generation Fleet Mix

• Nuclear 
• Coal
• Natural Gas
• Oil
• Hydro
• Solar
• Wind
• Geothermal

 

Renewable energy- Renewable energy is energy produced from sources like the sun and wind that are naturally replenished and do not run out. Renewable energy can be used for electricity generation, space and water heating and cooling, and transportation.

Non-renewable energy, in contrast, comes from finite sources that could get used up, such as fossil fuels like coal and oil. (DOE definition)

• energy from a source that is not depleted when used, such as wind or solar power. "the environmental benefits of renewable energy" (Oxford Dictionary)

 

Net Zero- net zero means cutting greenhouse gas emissions to as close to zero as possible, with any remaining emissions re-absorbed from the atmosphere, by oceans and forests for instance.

• To ‘go net zero’ is to reduce greenhouse gas emissions and/or to ensure that any ongoing emissions are balanced by removals. (university of oxford)

REC- Renewable Energy Credits

A renewable energy certificate, or REC (pronounced: rěk, like wreck), is a market-based instrument that represents the property rights to the environmental, social, and other non-power attributes of renewable electricity generation. RECs are issued when one megawatt-hour (MWh) of electricity is generated and delivered to the electricity grid from a renewable energy resource.

RECs include several data attributes, including:*

• Certificate data
• Certificate type
• Tracking system ID
• Renewable fuel type
• Renewable facility location
• Nameplate capacity of project
• Project name
• Project vintage (build date)
• Certificate (generation) vintage
• Certificate unique identification number
• Utility to which project is interconnected
• Eligibility for certification or renewable portfolio standard (RPS)
• Emissions rate of the renewable resource

*Note: This list is not exhaustive and, depending on the market in which the REC is generated, other attributes may be associated with the certificate

 

Three buckets 

o   financial- everything to do with pricing, hedging, derivative markets for energy, from wholesale to retail 

o   physical- infrastructure related, engineering and design of the implementation and installation of large equipment

o   regulatory- politics, rules and regulation from governing bodies aka FERC, DOE, PUC, ISO, RTO and alike.

 

We hope this to be the first of many discussions on Bitcoin’s relationship with energy markets and energy providers. If you enjoyed the discussion in this episode, let us know by boosting on Fountain. 

 

Ungovernable Misfits Socials

https://www.ungovernablemisfits.com

 

Twitter 

https://twitter.com/ungovernablemf

 

Ungovernable Misfits Socials

https://www.ungovernablemisfits.com

 

Twitter 

 

I had a conversation with Matt Rose - Head of marketing for Foundation devices 

about his entry into the bitcoin space after a career in traditional fiat marketing. Matt made the move to the bitcoin world after experiencing how fake the large corporations were and he explains in this episode how much ideas get watered down after going through all of the checklists to comply and stay woke.

 

Now that Matt is working for Foundation devices things are very different. He’s excited to be working with a team that genuinely cares about privacy, security, freedom and bitcoin. 

 

We also talked about the issues facing young people working in today’s world and how there is a movement in China called laying flat Where people are deciding to drop out rather than spend their entire lives working with no chance of progressing or having the lives they had been told they could have after working hard at school and going to university.

 

This is not just a trend in China is also happening in America and all across Europe, we discussed the ways that bitcoin can help and why this might just save an entire generation from living in quiet desperation.

 

Finally, we touched on the process of creating and organising our ideas. Matt and I both like to keep notes and continually work on ideas and Matt gave me a few tips on using open source free software like obsidian to improve and create links between different projects that might otherwise be missed.

 

I really enjoyed this conversation and I hope you enjoy listening for any questions. Please reach out and I’ll be happy to help.

 

Show Host - Max - https://twitter.com/MaxBitbuybit

 

Guest  - Matt - @wayfinderMatt

 

 

Ungovernable Misfits Socials

https://www.ungovernablemisfits.com

 

Twitter 

https://twitter.com/ungovernablemf

 

Ungovernable Misfits Socials

https://www.ungovernablemisfits.com

 

Twitter 

https://twitter.com/ungovernablemf

 

Show Sponsor - Foundation Devices

 

Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,” 

 

Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase.

 

https://foundationdevices.com

 

Show Sponsor: sx6.store

 

SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!

 

As always please feel free to reach out and ask me any questions.

Pleb Miner in the Wild

This episode’s Pleb Miner in the Wild is Dave of the Desert visit him on NOSTR @ Desert[email protected]

Dave and Jon talk about Dave’s solar setup and how to achieve a build like his in an economical fashion. Dave has created a video describing his setup.

 

Also, get your UNGOVERNABLE asses over to Fountain and BOOST THE SHOW! 

 

Thanks for listening. 

 

 

PMM Episode 9

Show Notes

 

The title is total bullshit. If you clicked... Gutted mate. 

Listen to PMM wherever, BOOST on Fountain

Boty came back from Mining Disrupt a changed Bot. Is Boty a gangland thug? Who pulls the strings at Lincoin, Medi or Boty?

 

Intro Music: Geto Boys - Still

 

Statistics brought to you by Lincoin Mining and their suite of products. Visit Lincoin.com to schedule a call with Medi to find out more. 

 

Something the entire world, not just Bitcoiners or Bitcoin Miners need to understand is the halving or Halfinning. New bitcoin are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving" or "halvening" or better than those two the “halfinning”

 

In 2012, the number of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. In the most recent May 11, 2020 halving, the reward dropped from 12.5 to 6.25 BTC per block.

 

Next halfinning is estimated to occur April 17, 2024, the reward will drop from 6.25 BTC per block to 3.125 BTC.

 

2012 Halving

The 2012 block halving was the first halving and happened on November 28th, 2012. 

From 50 BTC per block to 25 BTC per block

Price on Halving Day: $12.35

Price 150 Days Later: $127.00

 

2016 Halving

The second halving occurred on July 9th, 2016.

25 BTC per block to 12.5 BTC per block

Price on Halving Day: $650.63

Price 150 Days Later: $758.81

 

2020 Halving

The third halving occurred on May 11, 2020.

12.5 BTC per block to 6.25 BTC per block

Price on Halving Day: $8821.42

Price 150 Days Later: $10,943.00

 

Global Hashrate

• Global Hashrate - on the day of the first halving was about 24 TH but a year later jumped to 4,837 TH. 20054% increase. 266% increase. On halving number 2 July 9th 2016 Hashrate was at 1.5 million TH but a year later jumped to 5.5 million, that’s a 266% increase. Halving number 3 was May 2020 120 million TH or 120 EH. A year later global hashrate jumped to 163 million TH or 163 EH. Over the 3 years from then until August 1 of 2023 it jumped to 380 something EH 133% increase.

 

Boty Joke: How does a lemon answer the phone, yellow.

 

Bitesize Bitcoin by FixRigs

When in need of repair please visit them at FixRigs.com or on X @FixRigs. They also offer a one year extended warranty at 3 different levels, starting at $225

 

WTF is Containment and Why Does it Matter by Bigety Bigety Barnminer and Aaron Hall

Heat recirculation can be tricky. Oftentimes it is not discovered until a build is complete and energized. Heat recirculation causes havoc in hot environments. Read the entire article on UgovernableMisfits.com

Containment

1.   The act or condition of containing.

A structure or system designed to prevent the accidental release of radioactive materials from a reactor. Or translate to Bitcoin mining terms, the accidental release of heat from a miner.

 

Pleb Miner Monthly ACTION NEWS!!!

From Brad Cuddy at Cholla Energy

If a whatsminer ends in 0 or 1 like the M30 M50 or M31 it is air cooled. If it ends in 3 or 4 the M53 is water cooled and if it end in 6 its immersion like the M56

 

The big news from Disrupt was the two new miners DesiweMiner and the ePIC Blockchain 

 

Nico’s Article explains in greater detail.

 

Bitcoin BASSload Newsletter

 

Bitcoin Bugle

 

Pleb Miner in the Wild

This episode’s Pleb Miner in the Wild is Dave of the Desert visit him on NOSTR @ Desert[email protected]

 

Dave and Jon talk about Dave’s solar setup and how to achieve a build like his in an economical fashion. Dave has created a video describing his setup.

 

Also, get your UNGOVERNABLE asses over to Fountain and BOOST THE SHOW! 

 

Thanks for listening. 

 

 

 

 

 

 

Bitcoin Monthly 0028

 

In this episode of monthly we discus the topics listed bellow and more. 

 

BlueWallet v6.4.6

 - ADD: add new languages

 - ADD: support scanning SeedQR backup (closes #4959)

 -  - https://github.com/BlueWallet/BlueWallet/releases/tag/v6.4.6

 

BitGO Musig2

 - https://www.nobsbitcoin.com/bitgo-added-taproot-musig2-on-bitcoin-hot-wallets/

 

Envoy 1.3.0

 - redeem azte.co vouchers

 - update within Envoy for Founder's Edition

 - much more...

https://github.com/Foundation-Devices/envoy/releases/tag/v1.3.0

 

 

Nunchuck Android v1.9.33    

 - Make TAPSIGNER and software keys compatible with BIP48

 - Add the ability to export transaction in raw hex when in Ready-to-broadcast state

 - Allow mobile to trigger adding Coldcard/Trezor/Ledger via USB on desktop

 - Minor bugs and improvements

 -  - https://github.com/nunchuk-io/nunchuk-android/releases/tag/android.1.9.33

 

 

SparrowWallet 1.7.8

 - Add BIP322 message signing for singlesig addresses including P2TR

 - Add zbar QR reader for all QR scans (wide, cropped and inverted)

 - Add useZbar config variable to disable zbar scanning (enabled by default)

 - Add Rename Wallet command to File menu

 - Set initial fee for proposed RBF transaction to satisfy minimum relay requirements

 -  - https://github.com/sparrowwallet/sparrow/releases/tag/1.7.8

 

PDK

 -  - https://www.nobsbitcoin.com/pdk-a-payjoin-sdk/

 

HRF Bounties

 - #1 Open-Sourcing the Design Guide

 - #2 Serverless Payjoin

 - #3 End-to-End Encrypted Nostr Group Chats

 - #4 Silent payments

 - #5 Human Readable Offers

 - #6 Self-custodial Mobile Lightning address

 - #7 Mobile Border Wallets

 - #8 Easy Mobile Multisig

 - #9 Frost Multisig Wallet

 - #10 Cashu

 - #11 BIP47 Expansion

 -  - https://hrfbounties.org/?ref=bitcoin-2go.de

 

 

Kraken ordered to hand over data to IRS

 - Name

 - Date of birth

 - Tax numbers

 - Addresses

 - Telephone numbers

 - Email addresses

 - other documents

 

 

 

 

Show Host: Max 

https://twitter.com/MaxBitbuybit

 

 

Show Host: QNA

@BitcoinQ_A

 

Show Host: Antomous 

@antomousB

 

 

 

 

 

Ungovernable Misfits Socials

https://www.ungovernablemisfits.com

 

Twitter 

https://twitter.com/ungovernablemf

 

 

Show Sponsor - Foundation Devices

 

Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,” 

 

Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase.

 

https://foundationdevices.com

 

 

 

Show Sponsor: sx6.store

 

SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!

 

 

 

 

As always please feel free to reach out and ask me any questions.

 

 

Bitcoin fucks a chain spy in the park. 

 

In this episode I met up with Brother Rabbit to discus the 1 sat stowaway torch him and samourai are running to help break on-chain heuristics.

 

Stowaway is a form of peer-to-peer payjoin developed by Samourai Wallet where one party pays another, obscuring the transferred amount, breaking on-chain heuristics, with no server required to be run by the sending or receiving party.

 

You can send and receive a Stowaway in Samourai Wallet and Sparrow Wallet. For the transaction, both parties participating provide input(s) into the transaction, and both parties receive an output. The transaction can either be carried out manually between the two parties in-person (doing the "QR code shuffle"), or remotely by quickly and automatically exchanging data between the two parties using Soroban; an app agnostic Tor based communications layer developed by Samourai Wallet.

 

As the name "Stowaway" suggests it works to obscure the amount being sent from one person to another.

 

By using inputs into the transaction from both parties this breaks the "common-input ownership heuristic" applied by chain analysis firms in an attempt to trace flow of funds. Common-input ownership heuristic; assumption that all inputs to a transaction are owned by the same entity/person.

 

Stowaway's are not easily detectable on the bitcoin blockchain. The very fact that Stowaways exist on the blockchain adds doubt to all other transactions which have multiple inputs and two outputs (i.e. a simple spend).

 

How to send/receive a Stowaway in Samourai Wallet

 

Writen guide: https://docs.samourai.io/wallet/cahoots#stowaway

 

Tutorial video: https://youtu.be/C8YZI1bY1P4 or https://inv.pistasjis.net/watch?v=C8YZI1bY1P4

 

 

Short bitcoin privacy series:

https://youtube.com/playlist?list=PLIBmWVGQhizLrPjpFMN5bQdbOZRxCQXUg

 or 

https://inv.pistasjis.net/playlist?list=PLIBmWVGQhizLrPjpFMN5bQdbOZRxCQXUg

 

 

Show Host: Max 

 

https://twitter.com/MaxBitbuybit

 

 

Guest  - @BrotherRabbit_

 

http://paynym.is/+rabbit

 

 

Ungovernable Misfits Socials

https://www.ungovernablemisfits.com

 

Twitter 

https://twitter.com/ungovernablemf

 

 

Show Sponsor - Foundation Devices

 

Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,” 

 

Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase.

 

https://foundationdevices.com

 

 

 

Show Sponsor: sx6.store

 

SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!

 

 

 

 

As always please feel free to reach out and ask me any questions.

Pleb Miner Monthly Episode 8

 

Just like Marionettes, Max and Jon Swing to the Symphony… of the NPC nightmare we’re currently living in, yes yes yes, Bitcoin so good.

 

The phenomenon is called NPC streaming. A nym named “X-Nardo” (@PepenardoStudio) describes it as a “digital landscape where individuals transform into virtual marionettes, controlled by the whims of their audience” kind of like when people put absurd messages in FountainFM Boosts and force Max and Jon to scream “Baaaaaaarrrnnnnminer” and such (It’s okay, we like it, yes yes yes, Boosts so good).

 

Statistics are brought to you by Lincoin Mining and their suite of products.

Medi and the Lincoin Mining Team crushed it at Mining Disrupt, faces were melted, Boty is pleased. 5 EH/s SOON. 

 

BOTY joke

What did the shovel say to his friend on the beach? Are you okay? You're looking a bit pail.

 

Bitesize Bitcoin is brought to you by Peach Bitcoin

Peach Bitcoin is a peer-to-peer (P2P), Pleb 2 Pleb exchange platform that allows users to buy and sell Bitcoin directly with each other.  When you sell Bitcoin on Peach, you're giving other Plebs the opportunity to get their hands on bona fide bitcoin, not a KYC’ed IOU from an exchange.

 

The 8 Forms of Capital are Social, Material, Financial, Living, Cultural, Experiential, Intellectual, and perhaps most importantly, Spiritual Capital. These are not just principles that apply to permaculture, homesteading, or permaculture design, but can be applied to any endeavor, such as mining. 

 

This concept was brought to the Meshtadel group by Karl. Please zap Karl on NOSTR if you get a chance for all his incredible content. We will post his npub on Twitter or the Meshtadel nostr.

 

ACTION NEWS! is brought to you by the Lake Satoshi Bitcoin Beach Retreat  You can see the grassroots expression of Bitcoin freedom on display in a wide variety of mediums.  From point-of-sale systems to miner de-hydrators.  You will hear from El Salvadoran Plebs as they exclaim the freedom, hope and opportunity Bitcoin is providing the people of that nation. The event is about supporting projects like Bitcoin Beach and Hope House Casa Esperanza where they empower young leaders using education and technology, recreation, spirituality, and community support. As well as Mi Primer Bitcoin where they teach El Salvadorans impartial Bitcoin fundamentals. Attend the event and submit a silent auction bid on an S19 J Pro 96T, donated by Kaboomracks Alex and equipped with Nakamoto Mining fan shrouds, Pivotal Pleb Tech Njord Board, and an AC Infinity Cloudline fan. Proceeds go to support the El Salvador projects.

 

In this installment of ACTION NEWS we cover: 

Nico Smid’s H1 of 2023 mining update.

Nico Smid’s sub stack 

Energy Market Update by Energy Expert Bitcoin Bassload, lovingly read to some sweet sweet jazz guitar. You should be nowhere near a miner if you don’t understand how your electricity is priced or you generate the power yourself. That kickflip, it nice.

Bitcoin Bassload 

Be sure to change your password on Whatsminers before you attempt to enable API. And don’t forget to give ol Baaaarrrnnminer a shout on Fountain.

Barnminer M50

The Bitcoin Bugle – Stunning and Brave as always. Who is Dick Greaser anyway?

Bitcoin Bugle

 

Pleb Miner in the Wild is brought to you by Fix Rigs

FixRigs is one of the finest repair facilities. Clean, state of the art equipment, highly trained and skilled technician, and an incredible logistic model to get you back to hashing as soon as possible.

 

This episode’s Pleb Miner in the Wild is Aaron Hall of SunDog Mining. Aaron is a beast of a miner and hell of a good dude. This conversation is an important on because it show that with passion, hard work, and tenacity, you can grow and scale your mining operations, while still maintaining ethics and integrity. Aaron is an awesome individual. Should you need to host machines, do not hesitate to reach out to Aaron to check his rates and availability. 

Ungovernable Misfits Socials

https://www.ungovernablemisfits.com

 

Twitter 

https://twitter.com/ungovernablemf

 

I Jumped on a call with Zelko the Co-founder of RoninDojo, A projected rooted in cypherpunk values and Inspired by FOSS. We talked about the projects and communities that inspire us as well as those that virtue signal and LARP. I always enjoy speaking with Zelko because he says it how it is and doesn’t just talk the talk. RoninDojo walks the walk.

 

Here’s a brief overview of the project for those of you who are new to it or need reminding.

 

The RoninDojo project has a strong focus on bitcoin, privacy, and sovereignty. They forked Samourai Wallet's Dojo code and were inspired by the Samourai privacy focused bitcoin wallet and its features, thus became RoninDojo. The creator of bitcoin, Satoshi Nakamoto, stated in the whitepaper that bitcoin is “a purely peer-to-peer version of electronic cash that would allow online payments to be sent directly from one party to another without going through a financial institution.” Following this ethos, the RoninDojo team mission is to bring the hardware and open source software together that enables the dream of “electronic cash”. We believe in providing a private, secure way for individuals to be their own bank, without trusting third party providers. Anyone should have the ability to use bitcoin privately, just like cash! The end goal is to be able to easily deploy the hardware and software needed to have a feature rich bitcoin experience, maintain personal privacy, and enable the sovereign individual to thrive.

Who is behind RoninDojo?

 

RoninDojo is built and maintained by the Samourai Wallet community. Everyone is encouraged to submit issues or changes to improve this free and open source software. The core maintainers oversee the development of RoninDojo as a whole. 

 

In short this is a team that provides hope for bitcoiners and inspiration for teams wanting to build real open source tools. I have huge respect for the whole team and I hope you enjoy listening to the show. 

 

Show Host: Max 

 

https://twitter.com/MaxBitbuybit

 

 

Guest  - @BTCxZelko Co-Founder of @RoninDojoNode

 

 

Twitter - @RoninDojoNode

Website - http://shop.ronindojo.io

 

 

Ungovernable Misfits Socials

https://www.ungovernablemisfits.com

 

Twitter 

https://twitter.com/ungovernablemf

 

 

Show Sponsor - Foundation Devices

 

Foundation builds Bitcoin-centric tools that empower you to reclaim your digital sovereignty. As a sovereign computing company, Foundation is the antithesis of today’s tech conglomerates. Returning to cypherpunk principles, they build open source technology that “can’t be evil,” 

 

Thank you Foundation Devices for sponsoring the show.  Use code BITBUYBIT at check out for $10 off your purchase.

 

https://foundationdevices.com

 

 

 

 

 

 

 

Show Sponsor: sx6.store

 

SECURE YOUR BITCOIN IN MARINE GRADE, 316L STAINLESS STEEL!

 

 

 

 

As always please feel free to reach out and ask me any questions.