Posts by StJohn Piano
Showing posts 1-10 of 58 (most recent first)
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#134
| 2026-05-16 08:49:47 UTC
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There are eras of media, and each era has its own rules for how to craft an effβ¦
There are eras of media, and each era has its own rules for how to craft an effective message.
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There was a time when brands or individuals could rely on the organic reach of their efforts, but the pay-to-play model has been standard for years.
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There exist several networks which gather freelancers to produce and distribute podcast clips.
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There are of course creators who achieve this by partnering with a talent agency offering essentially the same services under the hood.
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Creators can also replicate this on a smaller scale by employing a team to chop, bedazzle, and post clips designed to punish the algorithm with exposure until something hooks.
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there is a dollar rate, there is frequency, and there is duration. It operates like any other campaign.
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It should be noted that this isnβt a cheat code and the content itself must be remarkable in some way.
Source:
https://substack.com/home/post/p-197483620
#133
| 2026-05-15 11:11:13 UTC
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Viewpoint = what someone thinks
Mythos = the story-world that makes those thβ¦
Viewpoint = what someone thinks
Mythos = the story-world that makes those thoughts feel true
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Re: 'silver is an industrial metal and has no monetary value'...
The awakening is spreading and everyday people are looking for a place to keep their cash.
They are getting priced out of gold - silver is their only option.
It is ultimately the people who will decide what has monetary value and what doesn't.
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Source: An (edited) comment from:
https://youtu.be/tQa6mNXcM4s
We can see an underlying doctrine: People can decide the monetary standard.
And another one: Gold is too expensive for the average person, therefore it can't be the primary monetary standard.
What is most interesting to me is that it is a democratic inversion of the goldbug mythos, which says:
1) People must adapt to the most powerful monetary standard.
2) The best monetary standard will have the highest price.
Summary:
Goldbug mythos: monetary truth is discovered.
Silverbug mythos: monetary truth is ratified.
#131
| 2026-05-09 08:34:56 UTC
0 replies
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http://edgecase.net/articles/bitcoin_transaction_test_set_2
This article contaβ¦
http://edgecase.net/articles/bitcoin_transaction_test_set_2
This article contains 16 Bitcoin transactions, with 1-3 inputs and 1-3 outputs.
All transactions are onchain - and thereby confirmed to be completely valid (there is no higher level of validation). You can take each txid and look it up in a block explorer.
Private keys are included. All addresses are Pay-To-Public-Key-Hash (P2PKH).
I published it on 2020-12-19.
A Bitcoin transaction is a complicated object. Getting one of its aspects wrong can produce a transaction that looks plausible but is invalid, or worse, valid in a way the developer did not intend.
The value of a test set like this is that it gives a developer something fixed and confirmed-true to compare against. You can run your code against known cases and check whether it produces the expected transaction IDs, signatures, serialized bytes, or decoded fields.
#130
| 2026-04-19 13:53:16 UTC
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I analyzed the Bitcoin v27.2 codebase and found some general metrics about it.
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I analyzed the Bitcoin v27.2 codebase and found some general metrics about it.
These tools & approaches for finding metrics can be used on other versions of the codebase, and on other repos.
https://telablog.com/bitcoin-v27-2-codebase-metrics
I wrote the draft as a text file, and (with Cursor) built a few Python scripts to:
- construct the article from the draft file + the prefix & suffix files.
- extract / deduce the title and the custom excerpt.
- push the article to the publishing platform via its API.
-- Notes:
--- This is idempotent: It doesn't create the article again if it already exists.
--- The body is one large pre-built markdown entry. This avoids the need to manually interact with the body in the editor.
Of interest: I used AI here to build & iterate on /deterministic/ tools (the Python scripts). I did /not/ try to build a processor that would use AI to indeterministically i.e. unreliably run the publishing action sequence.
#129
| 2026-04-18 08:51:02 UTC
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"
> You have an outline
> and proposal for such a design, which is a big step
β¦
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> You have an outline
> and proposal for such a design, which is a big step
> forward, but the devil is in the little details.
I believe I've worked through all those little details over the
last year and a half while coding it, and there were a lot of them.
The functional details are not covered in the paper, but the
sourcecode is coming soon. I sent you the main files.
(available by request at the moment, full release soon)
"
- Satoshi
https://www.metzdowd.com/pipermail/cryptography/2008-November/014863.html
Date: Mon Nov 17 12:24:43 EST 2008
A year and half earlier would be:
May 17 2007
So he was inspired to begin working on Bitcoin on or before that date.
Often it's said that Satoshi was inspired by the 2008 financial crisis and the ensuing bailouts (which he cites in the genesis block), but this claimed start date is much earlier.
He was probably inspired by the initial subprime mortgage crisis, which began in February 2007. (The US housing bubble popped in mid-2006.)
#128
| 2026-04-15 05:31:14 UTC
0 replies
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"The credential that establishes someone as real is the ability to supply CPU pβ¦
"The credential that establishes someone as real is the ability to supply CPU power."
- Satoshi
https://www.metzdowd.com/pipermail/cryptography/2008-November/014860.html
He is referring to identity within the Bitcoin mining system.
It occurs to me that:
In the political world, the credential that establishes someone as real is the ability to supply violence.
This violence may be direct or delegated, wide or limited, open or hidden, embraced or disavowed, demanded or inspired, but it must. be. present.
In the same way that Bitcoin mining ignores all identities other than those that supply CPU power, politics ignores all identities other than those that supply physical force.
On top of Bitcoin mining, we can build addresses, transactions, identities, property rights, immutable publishing, and secure communication.
On top of violence, we can build towns, cities, temples, polities, law courts, houses, families, and futures.
But: Without a foundation, nothing can stand.
#127
| 2026-04-13 06:46:43 UTC
0 replies
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"The proof-of-work is a Hashcash style SHA-256 collision finding. It's a memorβ¦
"The proof-of-work is a Hashcash style SHA-256 collision finding. It's a memoryless process where you do millions of hashes a second, with a small chance of finding one each time. The 3 or 4 fastest nodes' dominance would only be proportional to their share of the total CPU power. Anyone's chance of finding a solution at any time is proportional to their CPU power."
- Satoshi Nakamoto
He also refers to the proof-of-work as a "partial pre-image of zero", which is an interesting way to think about it.
https://www.metzdowd.com/pipermail/cryptography/2008-November/014858.html
"... Political freedom is the resultant of unresolved conflicts among various sections of the Γ©lite. The existence of these conflicts is in turn correlated with the interplay of diverse social forces... "
- James Burnham, The Machiavellians
So: Bitcoin produces a species of political freedom via a cyclic (by which I mean permanent & dynamic) Burnham unresolved conflict between its miners.
#126
| 2026-04-10 08:04:09 UTC
1 reply
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StJohn Piano
"The credential that establishes someone as real is the ability to supply CPU power." - β¦
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The proof-of-work chain is a solution to the Byzantine Generals' Problem.
β¦
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The proof-of-work chain is a solution to the Byzantine Generals' Problem.
...
The proof-of-work chain is how all the synchronisation, distributed database and global view problems you've asked about are solved.
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- Satoshi
https://www.metzdowd.com/pipermail/cryptography/2008-November/014849.html
Proof-of-work is /the/ honest signal in the electronic network medium.
An honest signal is a signal that reliably imposed a cost on the sender.
Our societies are struggling at the moment with this unfortunate combination:
1) Our business and social lives are moving onto the Internet, due to the lack of friction of communication, which makes it cheaper than the alternatives.
2) Our ability to send honest signals via the Internet is diminishing due to this lack of friction, and also due to the use of AI to generate fake signals.
Ideally, we'd use proof-of-work to handle the problem of "proof-of-human". I.e. a reputation tree system, regularly timestamped on the Bitcoin blockchain.
#125
| 2026-04-09 06:51:15 UTC
1 reply
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StJohn Piano
" > You have an outline > and proposal for such a design, which is β¦
"I actually did this kind of backwards. I had to write all the code before I cβ¦
"I actually did this kind of backwards. I had to write all the code before I could convince myself that I could solve every problem, then I wrote the paper. I think I will be able to release the code sooner than I could write a detailed spec."
- Satoshi
https://www.metzdowd.com/pipermail/cryptography/2008-November/014832.html
My impression of Satoshi's work is that he felt his way intuitively to the object / pattern / ruleset / system that is Bitcoin "through his hands", by working on the code, molding it like a potter molds clay. This quote from one of his posts confirms my impression.
I'd say that this is a point in favor of Aristotle over Plato.
Plato emphasized forms, theory, the abstract - Aristotle, his student, believed that what emerged from practice, the concrete, was more reliable...
There wasn't a rational path to Bitcoin - it wasn't something that you could reason your way to from earlier theories.
This is more like SchrΓΆdinger's equation - out from the unconscious.
#122
| 2026-04-04 06:51:01 UTC
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Borges: What's your opinion, StJohn?
StJohn Piano:
If quantum computing can cβ¦
Borges: What's your opinion, StJohn?
StJohn Piano:
If quantum computing can crack public keys, that means all modern banking systems have a really bad time.
People always do the "quantum computing will be the end of Bitcoin" interpretative dance, but seem incapable of making the mental connection to the existing banking system, which also runs on cryptography.
Some version of this story has been published regularly since Bitcoin began.
A lot of it is clickbait: combine "quantum" and "Bitcoin" for maximum effect, with a side order of "haha Bitcoin is going to break you guys".
There's definitely a scenario where quantum computing becomes a problem for Bitcoin.
But focusing on Bitcoin here is remarkably shortsighted, because that scenario would be a nuclear wasteland for the rest of the financial and digital infrastructure as well.
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