Damn it Greg Maxwell, Adam Back, Nick Szabo and Tim May!

Can't you let me have one original idea that I'm not accidentally stealing credit for?

Hardware wallets r dumb.

old.reddit.com/r/Bitcoin/comm…
"The badness of the supply chain vulnerability is so severe that I just cannot recommend a hardware wallet except for casual low/moderate value use where it doesn't really matter what security properties you use."

-Greg Maxwell
"At the moment I think the best option at the intersection of security and usability may be a linux laptop/desktop that never runs any software other than your wallet. This doesn't require being a super-security wizard..."

-Greg Maxwell
"The only ways I've seen to mitigate this vulnerability are to avoid the use of specialized hardware (as it is much more expensive to tamper with every computer being sold than the tiny number of hardware wallets), or to use multifactor security."

-Greg Maxwell

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More from @JWWeatherman_

18 Nov
#Bitcoin is pumping because the Maximalist are correct. Here is what they know:

Economics

-We are cypherpunks. We are anarcho-capitalists.

-Monopolies can’t exist unless they are supported by governments that protect them from competition.

...

...
-Monopolies in security and defense services have the same type of effects as other monopolies - poor quality products with high prices.

-Governments particularly enjoy monopolies on security services because it prevents citizens from being protected from the government.

...
- One of the most effective ways that corrupt governments steal from their people is through printing money after they establish a monopoly on money.

- A side effect of money printing is the boom and bust cycle that results in massive bad investment and great destruction.

...
Read 12 tweets
16 Nov
I know things seem hopeless right now.

We appear on a fast track to global socialism and we are living through the most destructive economic policies conceivable.

Truth has become a joke and almost everyone is participating in a cult of lies and government power

...
And I must admit that I am not sure we can get out of this. I am hopeful bitcoin will survive this and be the tool that helps us escape future attempts to destroy the productivity of the world, but an Internet shutdown or global censorship of it is no longer insane.

...
However this is not the first time things have been near or completely hopeless.

In fact one of the earliest stories that humans posses is of a centralized government established through violence that created a powerful cult based on epic propaganda and a false religion.

...
Read 13 tweets
22 Mar
Simplest explanation for #COVID19

1. China is primed to over react by SARS and their central planning, “big project” mindset.

2. They identify and label a virus - doesn’t matter if it’s months or years old or new.

3. Between distrust for China and China’s response ....
3. Between distrust for China and China’s response media companies dying for clicks cause people to freak out.

This happens every year with typical hurricanes, floods and other disasters.

4. Politicians, even this like Trump that resisted the panic realize...
4. Politicians, even those like Trump that resisted the panic, realize it’s not worth the popularity points required to resist.

5. Social media sites are effectively mob ruled and can’t afford the political capital to do anything unpopular so they silence those pushing back.
Read 8 tweets
17 Nov 19
If you have a teenager and you proud he can read you are 100 years behind.

He needs to learn to code. Here is how to get it done and change his future.

...
1. Have him complete all the levels on mathbot.com

He will learn most of the difficult concepts in programming, like recursion, in a couple week.
2. Have him complete the JavaScript track on freecodecamp.org

This will take a month or two and he will be ready to write code for a real project. Not a lot of code, but this is the single most important milestone in his career - solving real problems.
Read 9 tweets
15 Oct 19
Quick guide for running a bitcoin full node with mobile wallet interface for less than $130 bucks.

(and if you get stuck I'll help)
1.

Buy a cheap laptop like this one:
amzn.to/2BfG6Ku

It needs to have 500 GB of storage space.
2.

Install Ubuntu. I know this sounds intimidating, but it's very easy and if you get stuck I can easily get you unstuck.

tutorials.ubuntu.com/tutorial/tutor…
Read 6 tweets

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