582: On the CUPS of Disaster

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.

+1 for the newbie video. Would love to see it too! My spending sats are held like this: streaming sats go to Alby (because I listen in Castamatic); boosting sats are in Fountain. Still working on my holding workflow. For now, I’m just stacking them in Cash.app and Strike.

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.

Great show like always. I'm slowly understanding the landscape and how to plan for my Bitcoin future.

Nevermind. Found the answer to my question. The key is the ‘spread’ that an exchange uses. Paying 2 fees with Strike or Cash could end up being cheaper than 1 fee from an exchange that doesn’t force me to use their custodial wallet.

Just got my hardware wallet. Is there a way to purchase bitcoin/sats directly to the device. If I purchase with Strike/Cash/etc., then transfer to the hardware wallet address, won’t I pay 2 transfer fees? If there’s a way to avoid one of those fees, I’d love to know.

I feel like it’s time to add a sound bite for ‘binary boosts’ 🤔

Update... Well that was a bust with River. I did the ID verification, KYC BS, and the next day, my account was closed before I even had a chance to buy any Bitcoin. I had issues before with my address but this is a first for a exchange... Oh well... at least there are other ways to buy Bitcoin.

Finally got my account made with River and likely the kyc process wasn't painful. Had issues in the past due to my address. I still have some banking things I need to complete before I can start buying Bitcoin, but thank you for the recommendation and the affiliate link. I might do the saving account that River have going but I have my reservations. Also had a bad week with my fountain wallet locking up due to a transaction. I'm realizing that I need to self sovereign my lightening wallets with something like alby. Eitherway still Loving the show and look forward to learning from ya.

Yes! Oh yes about the meshtastic! Here's my help with getting Jeff up there to talk and experiment more with it. When I get the chance to stack more sats I will send more your way!

I noticed that the “Activate Linux” project has a NixOS flake: https://github.com/MrGlockenspiel/activate-linux

An app pick to make you laugh: https://github.com/Anupya/dadjoke-cli

Post code (ok ‘zip code’) boosts are smaller down here 😆’m really looking forward to the meet up near me 🇦🇺 Maybe more cost effective for me to come to one of your next west coast US or Canada ones 🤔

BTC backed loans FTW! I used your SALT code, thanks for sharing. Maybe add it to my referral code sharing platform at RCX.bitcryptic.com ? 🤠

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!

Hey also, keen to know how you handle gifting sats to non-coiners. Thinking I might do that this Xmas for a few family and friends.

Reporting back regarding CoinJar. So far so good. Have updated my Jupiter party subscription to use the attached Mastercard, now paying for my membership with sats! Few retail purchases this week too and it’s working great. Hurts to spend those sats though! Also flipping back to core with config tweak given the knots BIP444 shenanigans. Buy store brands: stack sats!

Sick song!

Sick sing!

Long time listener, first time booster. Really enjoy the show. Have a couple of servers setup at home running Proxmox, NixOS, Jellyfin, Home Assistant, Immich and so much more! I’m running Tailscale thanks to you guys. My off site backup uses a Synology box at my folks place 400km away, all via TS. PS this is a post code boost, Australia. Maybe a Western Australia meetup!? Cheers.

Awesome sauce of a show! I will put this out there, but my work has colo space if you guys need another site for off-site backups. We also have SSD VPS hosting as well. If you want I can get you in touch with my boss or you can check out our website at https://www.cet.com

Interesting on Flock. https://dailyemerald.com/172015/news/flock-cameras-to-be-pa…

This wasn't me, but my brother left his really expensive razor gaming phone on the roof of his car and drove off and the poor thing flew a good 10-15 feet and completely shattered both sides of the phone. It was also safe to assume someone ran over it too. To put simply, he was really pissed at himself because those damn phones are expensive. Not to say I either had my fair share of broken phones, but... I don't spend a ton on them. Though, even at my price range(motos), replacing three phones in a single year and now four phones? Yeah, that adds up very quickly. Kids are expensive.

Meep Thrash! Yep, being poor sure is fun. 😵‍💫

🤢🎸🤯🤘

Meant to boost 5000 instead of 500. LOL now you get 5500 now. Still love your show cuz I just love the raw emotion of metal music.

I think the livestream all will probably great work for you. You could also set up a memberful account like what Jupiter Broadcasting does and they distribute the raw/no ads live shows from there too. Just an idea so you can generate some monthly income.

Sometimes we just gotta move on with ourselves.

Love it!

I used to play trumpet when I was in school. I still even have the old trumpet in my closet just collecting dust. Needs polishing work but every once in awhile, I'll play it. Honestly got more value out of the music theory because it helps me understand the basic principles of things a little easier. Anyways wish your daughter's good luck.

Hi Chris, I really appreciate everything you do and the work you put into the show. I hope this value makes it a little more worth it for you. TWiB is one of the best bitcoin shows on the internet! Let’s get these numbers up, boys!

What hurricane? Thanks, Mike, for sacrificing your prep time for us listeners. We don’t deserve you!

Great show as usual! Thanks for the value! Even if Bitcoin is flat for another quarter or two, TONS of great work has been happening. It just gives us plebs more time to DCA at these super low prices!

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. ❤️

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!

Very happy Framework 13 owner here. I have it ‘docked’ most of the time, but it’s driving 2 32” curved USB-C displays and it’s own screen. The only time I notice any fan noise is when watching YouTube videos for an extended period. I love the hot-swapping ports and the repairability, though I haven’t had to repair anything because it’s been incredibly reliable. It probably helps that I use external keyboard and mouse most of the time. Currently running Plasma 6.2 on Fedora 40. YMMV, but I am very happy with this purchase.

for the link dom has the nail more on the head for the value proposition of Windows365. The major upsell is security and compliance. The hardest problem in workstation security is how to prevent people from doing stupid things because they have physical access to the machine, and you can't rely on the network security. VDIs have always been the answer and having used a Windows365 workstation for the past year for work to test I will say Microsoft may have finally cracked that nut.

Why did the immutable operating system go to therapy? Because it was feeling a little "unchangeable" and needed to work through some "persistent" issues! But in the end, it just had to "commit" to being itself and "roll back" its anxiety!

PSA: There is NO mobile Sparrow wallet. If you see a mobile wallet with Sparrow branding it is a SCAM! Thanks for the value. Stay safe out there.

I managed to avoid getting any funds stolen, but I still regenerated a bunch of wallets, and not just the CC, as a result of all this. Thanks to the inspiration from LUP, I decided to build an offline NixOS ISO with sparrow, and a custom script I wrote to generate seed phrases, using /dev/urandom. It worked like a charm, and I can be quite sure no one else creates wallets like I do. 😂 Thanks for the value!

I'm really interested in what Cannonical has with Private Mobile Networks. Currently, I work with a local ISP that uses mostly Ubiquity AirMax Radios for Internet, but am looking into alternatives. This might be the solution to look into on our end for last mile connections. Plus we already have a few Microwave Connections so understand the licensing process. Thanks for covering this and I will let you know if it pans out on our end. Also hope to see you at LFNW. It always a hoot to talk to you and listen to your IT snanagans.

I get things are hard atm, but I wouldn't give up on the Bitcoin side. Keep it there, but also promote more of your paypal donations and amazon wishlist. Your music podcast really introduces me to all sorts of rock music and it is awesome. Even with your upcoming homestead podcast, you should enable it cause for me I mainly sat stream and it would suck to lose the ability to do that on your podcasts. Either way, I hope to hear more from ya and also the music you promote. Double-shot!

Love the bonus content! It was great seeing you guys at Linuxfest! Have a good LUP today!!

I connected Fountain to nostr with my own relay and all that and took the opportunity to change my name to better reflect who I am as a person. :P Before, I was boosting as ByteBandit. The name change seems to have changed my 100k boost to Anonymous, so I figured I’d boost back in with my new name. I’ll also send you a message on matrix as proof. In the last episode, you mentioned nix-Bitcoin, which I have been experimenting with for a while. I would love to see what you’ve got going on, if you’re able to share that config. If not, no worries. Either way, hit me some mac&cheese, please. ;)