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Runes

Runas

Token

Casey

Rodarmor

Halving

fee

comisiones

bitcoin

mempool

lightning

00:00:01

You wake up and read in the news that

00:00:03

the fourth halving of bitcoin is already

00:00:05

here, well you look at the price And you say Ah

00:00:09

well in the end there was no

00:00:10

halving effect because we are still at

00:00:12

63,000 so you remember those

00:00:15

transactions that you wanted to make and you say

00:00:17

Look I'm going to take advantage While I I drink

00:00:19

coffee on the couch to make them, you open

00:00:21

your wallet, you paste the

00:00:23

destination address, you adjust the amount to send, and you

00:00:26

hit next, and while you're half

00:00:28

distracted watching TV, you almost spit out

00:00:31

the sip of coffee you were taking

00:00:32

when you see that a simple payment gives you It is

00:00:35

costing

00:00:37

$18. In fact, the commission is larger

00:00:39

than your payment. You think it cannot be. You

00:00:42

close the app and try another

00:00:44

wallet.

00:00:46

Do you remember the men.pe website

00:00:49

where you know you can see if something strange

00:00:52

is happening with the transactions

00:00:54

they want? happen in bitcoin and as soon as you

00:00:56

open it you are stunned, everything in red and

00:01:00

with the suggestion of even paying

00:01:03

50 to enter Urgently in the

00:01:05

next block But what is happening

00:01:09

here Hello, how are you talking to lunaticoin and

00:01:13

welcome to my podcast

00:01:17

[Music]

00:01:28

[Applause ]

00:01:35

yes transaction bitcoin has become

00:01:37

very expensive and no the culprit is not the

00:01:40

halving the culprit is the runes of

00:01:42

Casey rot armor a new

00:01:45

token protocol that uses the bitcoin chain

00:01:47

to communicate information and that is

00:01:49

generating a sustained demand for storage

00:01:51

space block at

00:01:54

unprecedented rates reaching at times more than

00:01:57

2000 sats per byte never seen before the

00:02:01

bitcoin protocol as such is not

00:02:03

suffering any denial of service

00:02:05

because it continues to produce blocks every 10

00:02:07

minutes but the auction of its

00:02:10

space is what you need to get to

00:02:12

That your transactions have a place in

00:02:15

the blockchain is

00:02:16

becoming in these first hours

00:02:18

after the halving something inaccessible for

00:02:21

many types of operations. The

00:02:24

commission payment situation has reached such an

00:02:27

extreme that if the blocks before the

00:02:29

halving left the miner around of

00:02:31

one bitcoin in commissions they are now

00:02:34

leaving 12, 13, 16 and up to 37 bitcoins in

00:02:40

the block 840,000 of the halvin and these

00:02:43

commissions make the miners more than

00:02:46

feel a Half Thing what they feel is

00:02:49

a Doubling or tripling of their

00:02:52

mining operations but returning to what

00:02:54

What the hell is this about

00:02:57

runes? Why are we suffering

00:02:59

now? How much longer will

00:03:02

these exorbitant commissions last? And if I have to

00:03:04

transact now, what can I do?

00:03:07

Well, all these questions will find

00:03:10

answers in this emergency pod to

00:03:13

be aware of everything that we are going to

00:03:15

see on the menu in the coming days,

00:03:17

weeks and years, take action so that

00:03:20

we do not get caught with the house again for

00:03:22

sweeping and reflect as a community on

00:03:24

why this is happening and the

00:03:26

unmet needs that are presented to us

00:03:30

and before leaving you with this podt Express

00:03:33

let me thank you for supporting me

00:03:35

with retweets contacts that you provide me

00:03:37

and countervalues that you send me on

00:03:39

patreon and fountain minter and noster and

00:03:42

also to my sponsors a hodel hodel

00:03:44

Coin kite bitfield minter and the double

00:03:46

bulling companies that I use with which I am

00:03:48

very comfortable working and that allow me

00:03:51

the flexibility to Cancel all

00:03:53

plans to push a podcast like this

00:03:55

while the action is happening and with

00:03:58

this unprecedented context in the history of

00:04:01

bitcoin without further ado I leave you with

00:04:16

[Music]

00:04:18

the runes what the hell are they

00:04:25

[Music]

00:04:31

the runes or runs in English is a new

00:04:35

system that has arrived in bitcoin with the

00:04:37

fourth halving of April 2024 and that

00:04:40

allows you to create tokens in its chain of

00:04:42

transactions, said in a slightly

00:04:45

more technical way runs It is a meta protocol

00:04:48

for the creation of fungible tokens that

00:04:50

are minted and transferred using

00:04:53

coins and bitcoin transactions, but

00:04:57

let's break this down a bit,

00:04:59

starting with fungible tokens.

00:05:01

When we say that a set of

00:05:03

elements is fungible, we want to express

00:05:06

that they are totally equivalent.

00:05:08

between each other without difference and therefore they

00:05:11

are assumed to be indistinguishable and

00:05:13

exchangeable in value parity. An

00:05:16

example of fungibility would be

00:05:18

1 euro coins or 1 euro tokens.

00:05:20

We could say that we accept

00:05:22

to exchange for other coins of

00:05:24

also 1 eur. Although these are

00:05:27

portions of mineral of n

00:05:30

different something non-fungible, for example,

00:05:33

it would be several paintings by the same author,

00:05:36

even if they are the same work, if they

00:05:39

are serialized, more will be paid for the

00:05:41

first copy than for the last, and if

00:05:44

they are different works, it is even more evident

00:05:45

that they will not be fungible and therefore

00:05:48

Therefore, they cannot be exchanged with each other

00:05:50

in value parity. What is characteristic of

00:05:52

this token system and what

00:05:54

differentiates it from other well-known ones, such as

00:05:56

cirium's rc20 or those of the

00:05:58

2014 counterparty protocol, is that they are created,

00:06:01

minted and transferred using

00:06:04

bitcoin transactions. as a vehicle and

00:06:06

bitcoin the currency to pay Your

00:06:08

commissions without other tokens like i or xcp

00:06:12

like gasoline with which we have

00:06:15

loyalty tokens shitcoins meme coins and ponc

00:06:17

coins without leaving bitcoin And how is

00:06:21

this possible is that there has been a change

00:06:23

in the consensus of the satoshi protocol

00:06:25

to not only control the movement of

00:06:28

bitcoin units but also that of

00:06:30

tokens, none of this has happened and

00:06:33

everything remains the same, the rune protocol

00:06:36

is supported by an optional field that can be

00:06:38

added in all

00:06:40

bitcoin transactions and that is known as the

00:06:43

op return field, this field that is standard

00:06:46

for bitcoin transactions since

00:06:48

version 0.9.0 of bitcoin Core from

00:06:51

March 2014 now 10 years ago allows

00:06:55

adding a non-spendable output to the

00:06:57

transaction as if it were a coin

00:06:59

but without be and without having bitcoin in

00:07:01

it and what this output does have

00:07:04

is an 80 byte field to Add

00:07:07

arbitrary information that the issuer of

00:07:09

that transaction wants 80 by to make it

00:07:13

standard and the bitcoin Core nodes

00:07:16

retransmit it but the consensus as such

00:07:18

would accept even larger op returns

00:07:20

reaching up to the maximum megab of an

00:07:22

entire block but this conversation

00:07:25

between 80 or 1 mega is for another time

00:07:28

the Ob return field is used for

00:07:31

many things and we see it present in the

00:07:33

coinbase transactions in which the

00:07:35

miner emits to itself the new

00:07:37

bitcoin that it has found in a block

00:07:39

in the notification transactions of

00:07:41

a reusable payment code such as those

00:07:43

of payim or in the transactions that are

00:07:46

issued by different users to

00:07:47

immortalize in the Time chat some

00:07:49

relevant fact of their lives as the

00:07:51

birth of a child in the case of the

00:07:53

rune protocol the op return field is

00:07:56

used in bitcoin transactions

00:07:58

for

00:08:00

the creation minting or transfer of

00:08:03

runes from one bitcoin coin to another Or

00:08:06

put another way the Ob return field

00:08:09

is used in a bitcoin transaction

00:08:11

to inform the meta protocol devised

00:08:14

by rot armor that this

00:08:17

runic activity has happened in the eyes of a

00:08:21

bitcoin node such a transaction will be nothing more

00:08:23

than a conventional

00:08:25

bitcoin movement to which an

00:08:27

of return message has been added that not even going to

00:08:30

read the eyes of an ort or Rd node that

00:08:34

runs on top of a traditional bitcoin node

00:08:36

and that is the one that understands

00:08:38

ordinals inscriptions and now runes

00:08:42

such a transaction will be changing the

00:08:44

state of rune balances of a

00:08:47

coin of bitcoin concrete so the

00:08:50

ord node will take this information and

00:08:54

update it and for this reason the

00:08:57

runes are a meta protocol In

00:09:00

reference to the fact that its existence and

00:09:02

transfer goes beyond the

00:09:05

bitcoin protocol its information lives on

00:09:08

bitcoin transactions but its status and

00:09:10

control of transfers depends on a

00:09:13

superior protocol that is capable of reading

00:09:15

that

00:09:17

necessary information. An analogy in the

00:09:19

physical world could be the following. Imagine

00:09:22

that 10 friends meet and they all

00:09:24

bring a 1 coin to this 1 coin they

00:09:27

put a sticker on it. blue a gomet and

00:09:30

between them they establish that this brand

00:09:33

has the value of a hug that can be claimed,

00:09:35

no, I give you a one euro coin with

00:09:37

this blue sticker and this would be worth it to

00:09:40

you to demand a hug from me in the future,

00:09:42

there is a convention that we establish

00:09:44

between 10 friends now those 10 friends

00:09:47

have in their heads the meta protocol

00:09:50

that they have programmed and that same day

00:09:53

hugs are exchanged that one

00:09:55

day they will demand the next day one

00:09:58

of them without noticing pays at a

00:10:01

water vending machine with 1 sticker

00:10:04

blue, the machine does not know the meta

00:10:06

protocol and therefore gives him the

00:10:09

bottle of water without knowing that he has

00:10:12

also won a human hug. The difference

00:10:15

that the digital world of bitcoin has

00:10:18

with the physical world is the transparency

00:10:20

and accessibility of the information of

00:10:22

all the transactions that have happened

00:10:24

and want to happen with what the group of

00:10:28

friends who created the blue sticker in

00:10:30

bitcoin would know that the

00:10:33

vending machine now has a token And perhaps they

00:10:36

would make an offer to their

00:10:39

Artificial Intelligence to buy it for 5 and that is

00:10:43

where the negotiation game

00:10:45

in summary the runes bring

00:10:49

a way to create realities outside of

00:10:51

bitcoin but that live and use its

00:10:54

infrastructure to move and

00:10:56

everyone is capable of creating one of those

00:10:58

realities and becoming a creator god, the

00:11:01

importance they have These

00:11:03

tokens will depend exclusively on the

00:11:05

value that the different participants want to give them,

00:11:08

but it is not difficult

00:11:10

to predict that there will be tokens that many

00:11:12

people will want to have even if they are

00:11:14

stupidly expensive and others that will not budge even if

00:11:17

you wind them

00:11:18

up, the consequence of this game of

00:11:21

conventions and glasses with which see

00:11:23

some information about

00:11:25

bitcoin transactions It is that only one million

00:11:28

virtual bytes

00:11:29

enter the blockchain every 10

00:11:31

minutes and only the bytes of the

00:11:34

transactions of those who bid the most for

00:11:37

that million bytes will be the ones that enter

00:11:39

the chain and

00:11:42

Only the issuers of the

00:11:45

so-called economic transactions,

00:11:47

transactions that only move bitcoin

00:11:50

without any metadata, are considered definitive before 2023. Well, only those types

00:11:53

of users were the ones who bid for the

00:11:55

million bytes and it was quite cheap

00:11:57

to get on the bitcoin train in 2023.

00:12:00

new actors with

00:12:02

virtual reality glasses who began to see

00:12:04

ordinal inscriptions and

00:12:07

stamps in bitcoin transactions and

00:12:09

made entering the

00:12:11

blockchain more expensive and now for a

00:12:14

year the waiting queue has not

00:12:16

even emptied A moment with the arrival of

00:12:19

the runes now in 2024 another actor with

00:12:22

a lot of attraction lands to dispute

00:12:24

the price of the ticket to

00:12:27

enter the chain with the rest and as we are

00:12:29

seeing getting on the bitcoin train right now

00:12:32

it is worse than getting on the

00:12:35

Mumbai metro in Rush Hour But why

00:12:42

[Music]

00:12:48

now this totally logical question is

00:12:52

at the same time very funny because in something

00:12:54

as pure as bitcoin, thinking about

00:12:57

why the runes thing is happening now

00:13:00

brings relevance to

00:13:02

central planning reasons that speak a lot

00:13:05

about human nature more than

00:13:07

we think Casey Rod armor rose to

00:13:10

fame in January 2023 with the launch

00:13:12

on the bitcoin mainnet of the

00:13:14

ordinal theory and the system for

00:13:16

creating inscriptions a type of

00:13:18

nfts in bitcoin with that theory Outside of

00:13:22

Keey's head, many people jumped into

00:13:24

the virtual reality that he devised and began

00:13:27

to create and trade all kinds of

00:13:30

collectibles. Even some time later,

00:13:32

other individuals created a type of

00:13:36

meta protocol that was based on the

00:13:38

rot armor inscriptions and that They were

00:13:40

the ones that were known as brc2 and that already

00:13:43

allowed the creation of

00:13:45

fungible tokens in bitcoin, all very

00:13:48

[ __ ] coiner but at the same time very organic

00:13:50

Well, for x and or z reason rot armor

00:13:54

announced in September 2023 that, and I quote

00:13:58

verbatim,

00:13:59

I just created a terrible new idea

00:14:01

runas a fungible token protocol

00:14:04

for bitcoin under the premise of worse

00:14:07

is better if you are interested in knowing more about

00:14:10

this worse is better I made a podcast

00:14:12

last year about it on

00:14:14

l15 in this tweet that I just read and the

00:14:17

blogpost that he attached on

00:14:20

September 26, Casy already gave hints of the

00:14:22

structure and functioning of the runes

00:14:25

that he would end up perfecting in the

00:14:27

next 7 months, but of course, if the

00:14:29

formula was already intuited, what would prevent

00:14:33

someone from starting to make runes at that

00:14:34

moment, well, no one can tell. It prevented And that

00:14:38

's what started to happen, runes began to be

00:14:40

created and trading markets appeared

00:14:43

this same September and

00:14:45

that didn't seem right to Casy and as he

00:14:49

knows he has the power to define which

00:14:52

glasses They will be the ones that the market will want to

00:14:54

wear he established that would set a date

00:14:58

on which the runes would begin to be

00:14:59

considered valid and all those

00:15:02

previously issued would be ignored.

00:15:14

that it was block

00:15:18

840,000, that is, the block of the fourth

00:15:21

halving of bitcoin where

00:15:24

the runes that were minted began to be valid and also

00:15:28

after some public deliberation

00:15:30

it was decided that the first rune that has

00:15:33

the identifier zero would be harcode

00:15:36

Ada in the protocol code of the

00:15:38

runes so that no one could

00:15:40

get it alone and this is the main

00:15:44

reason why now We are seeing

00:15:46

a red time with these

00:15:48

transaction fees but it is not the only one, there are

00:15:50

some reasons. It is also because of the

00:15:53

speaker that has rot armor to tell you

00:15:56

adventure capitals

00:15:58

meme scammers enthusiasts alike What are the

00:16:01

correct glasses to live with in

00:16:03

this parallel reality is also

00:16:05

happening because of the fierce struggle of

00:16:09

having a rune created with a low index

00:16:12

the closest to zero the best the rune 9

00:16:15

than the 100 and better the 100 than the 1000 And

00:16:18

finally for the logic of the

00:16:20

tokenomics with which you can configure

00:16:22

the runes that you are going to create but to

00:16:25

understand these logics of tokenomics of the

00:16:28

inventions of Rod armor with

00:16:30

which we will surely having to

00:16:32

live together very intensely in the

00:16:35

coming years it is necessary to stop and know

00:16:38

first How runes work

00:16:43

[Music]

00:16:49

[Music]

00:16:55

[Music]

00:16:59

the rune protocol has three

00:17:01

basic actions that you can do

00:17:03

Through bitcoin transactions create

00:17:07

runes the which in English is called etching

00:17:10

or engraving of runes, then minting runes

00:17:14

or minting And finally

00:17:17

transferring to carry out any of

00:17:20

these three actions we will need to Add

00:17:23

a message to a bitcoin transaction,

00:17:25

these messages in a slightly

00:17:27

confusing way are called runestones or

00:17:30

rune stones In Spanish it

00:17:33

confuses me because runes are called

00:17:36

tokens and the message is also called runstones.

00:17:38

Well, in

00:17:40

translation it is a bit the same

00:17:42

concept because it seems confusing to me. But well,

00:17:44

maybe it's my head, but well, this is what I mean. The

00:17:47

next thing that leaves us is that we have

00:17:50

runes, which are fungible tokens in

00:17:52

bitcoin that are created, minted and

00:17:56

transferred through messages

00:17:58

included in a return field of a

00:18:01

bitcoin transaction and these

00:18:04

messages are called runestones

00:18:07

or a rune before minting. It must

00:18:12

have been defined and that is why first of all

00:18:15

we create it with a runestone message in

00:18:18

the first

00:18:20

transaction of a rune we can define

00:18:23

and be careful that here are a few

00:18:25

concepts we can define the name that

00:18:27

will have between one and 28 letters and

00:18:31

cannot be repeated alone

00:18:33

The first rune that has

00:18:36

blocked or reserved a name in the

00:18:38

block chain will be considered valid. Afterwards, beyond the

00:18:41

name, we can define how many

00:18:42

decimals it will have. It will only be

00:18:45

integers or it will have decimals, since

00:18:46

a symbol is also defined. This is like

00:18:49

putting an emoji on your currency. Then if

00:18:53

it will have premin, this is if some

00:18:56

units will already be minted during the

00:18:58

creation and will be assigned to the creator or

00:19:01

the team, which is what the

00:19:03

Venture Capital websites call it. Well, premin

00:19:06

can also be defined and then

00:19:08

minting conditions will be established.

00:19:10

terms in the terms will be

00:19:13

established What total amount of runes

00:19:16

there will be How many runes will be

00:19:19

obtained for each coinage now

00:19:21

we will get to this and from which

00:19:24

block they can be mined And up to which

00:19:26

block it can be

00:19:27

done all this data will serve to

00:19:30

establish the rules of a rune and

00:19:33

they will be parameters that can never be

00:19:35

changed, immutable if the creator

00:19:39

has not established premin or pre minted

00:19:42

this bitcoin transaction only establishes

00:19:45

the parameters of the token And if, for

00:19:47

example, we have established a

00:19:50

maximum amount of, for example, 1000 units and

00:19:53

an emission For minting a unit,

00:19:57

this rune will still have the 1000

00:19:59

units available to be

00:20:02

minted with the creation done, let's go

00:20:05

for the minting, who can mint

00:20:14

a rune from that moment on. As long as there are units left, anyone can mint or mint a

00:20:17

unit and

00:20:28

maximum brother-in-law of one unit per

00:20:31

transaction, if someone wanted to take

00:20:33

the 1000 units of our precious

00:20:35

token, they would have to make 1000

00:20:39

transactions. Keep in mind that a

00:20:41

block contains between 2000 and 4000

00:20:44

transactions depending on its size, so

00:20:47

only for the complete minting of this

00:20:49

specific token. We would be needing

00:20:52

between a third and half of a block

00:20:56

if this specific person does not want to

00:20:58

mint all of them and wants to create

00:21:00

just one token, then he creates a transaction with

00:21:03

any of his bitcoins and adds the

00:21:05

appropriate runic message, which

00:21:08

I like this way better than calling it. runestone

00:21:09

Well, add this runic message

00:21:12

for minting and there you have it, the coin that has

00:21:16

simply moved a bitcoin coin from one side to the other, that

00:21:19

is, in the

00:21:20

bitcoin protocol, what has happened is that it has

00:21:22

moved a coin from its wallet to

00:21:24

itself. wallet What happens is that

00:21:26

a runic message has been added and now in the

00:21:30

rune meta protocol that

00:21:33

resulting currency also has

00:21:36

an associated token of this token that we have

00:21:39

created of 1000 units and now there are only

00:21:41

999 left to be

00:21:43

minted and with this now We have everything

00:21:46

ready to transfer it to an acquaintance

00:21:49

whom we have convinced that in the

00:21:51

future this token will be the

00:21:53

host to transfer a token, our

00:21:56

entrepreneur memec coiner Creates a new

00:21:59

transaction with the coin that he

00:22:02

previously attached this token to that he created

00:22:05

and by spending that coin he creates two outputs

00:22:09

he creates Two coins Why two good thing is

00:22:12

that the coin to which he associated the token

00:22:14

was one bitcoin and his friend is only going to

00:22:17

pay him one million sats 0.01 bitcoin

00:22:21

for the token So What this entrepreneur

00:22:24

does is grab the bitcoin and divide it

00:22:27

into a micro coin of 1000 satoshis or

00:22:33

0.0001 bitcoin that will go to an address

00:22:37

controlled by the super friend and the

00:22:40

rest until he reaches one bitcoin he

00:22:42

forwards it to his wallet before After finishing

00:22:45

this transaction and signing it, add the

00:22:47

op retor field with the runic message

00:22:50

and there add a submenagement that the

00:22:53

protocol calls edicts.

00:22:55

The edicts that are again

00:22:57

parts of a runic message serve to

00:23:01

establish which coins, that is, Sorry, which

00:23:04

tokens. They go to what bitcoin coins in

00:23:08

this case, since we only have one rune and

00:23:11

one unit of it, we indicate that it goes to

00:23:14

our great friend's exit and to

00:23:17

ours, that nothing goes, we finalize the

00:23:20

runic message, we sign, we retransmit

00:23:22

the transaction and once confirmed,

00:23:25

voila. I have sold and transferred 1000

00:23:28

satoshis and a rune in exchange for 1 million

00:23:32

satoshis, it is worth noting that

00:23:34

unlike the inscriptions that

00:23:36

associated nfts brc2 and others with satoshis

00:23:40

of specific currencies in the runes,

00:23:43

thanks to the edicts, you can put in

00:23:45

one coin all the

00:23:47

different runes you want and each one with its

00:23:50

quantities, so unlike

00:23:52

the BRC 20, this other protocol of

00:23:55

fungible tokens that we saw born in 2023

00:23:58

Well, unlike this protocol, the

00:24:00

runes do not invite the creation of

00:24:03

multiple tiny coins that

00:24:06

grow a bitcoin database

00:24:07

called the uchos set and here the runes

00:24:10

can be consolidated all of them in that is,

00:24:13

you can put all your

00:24:15

runic holdings in a single currency you can

00:24:17

consolidate and not have to

00:24:19

lose them and with this and in the absence of any

00:24:22

additional comments that I will make later

00:24:25

this is how the creation,

00:24:28

minting and transfers of the

00:24:31

rune meta protocol works, a meta protocol that

00:24:35

by the way adds arbitrary information

00:24:37

to the blockchain without discount one

00:24:40

of the biggest criticisms made

00:24:42

of inscriptions and b recent here

00:24:44

the rune tokens pay for each

00:24:47

byte they introduce without any discount

00:24:50

and now that we know the three types of

00:24:52

operations that give life to the

00:24:54

rune market we have everything we need to

00:24:56

begin to understand why

00:24:58

the commissions are exploiting of bitcoin and

00:25:01

to be fully aware I am going to

00:25:03

ask you to open the closet and put on

00:25:05

the doctor's coat in economics because

00:25:08

now we are going to talk about

00:25:12

[Music]

00:25:21

tokenomics and now a brief moment to

00:25:24

hodel hodel and bitrefill the activities

00:25:27

that involve movements of bitcoin

00:25:28

onchain are impacted when the

00:25:30

bitcoin market is saturated but as I

00:25:32

will tell you later, you can prepare for

00:25:34

when the commissions relax

00:25:35

by practicing on testnet and thus have the

00:25:38

technique well controlled and go directly to

00:25:40

the jugular when you can hodel holder

00:25:43

which is the website where you can

00:25:44

buy bitcoin from other individuals

00:25:45

without giving up personal data and without

00:25:47

anyone leaving with what is not theirs. It

00:25:49

also has a testnet website

00:25:50

where you can practice buying and selling

00:25:52

bitcoin from Test and be prepared to

00:25:55

buy fat term which I coined a

00:25:58

few years ago with bitcoin 2140 when the

00:26:00

fis

00:26:01

relax take advantage of the practice and learn the

00:26:05

tools that will allow you to accumulate

00:26:07

your digital treasure without anyone knowing what

00:26:09

you have and you can do everything at

00:26:12

hodel hod.com the menol will not block you

00:26:16

much longer because now not even 48

00:26:18

hours after the launch of the

00:26:19

runes, blocks are already being confirmed at

00:26:22

less than 100 sats, about 9 per transaction

00:26:25

and those who tiptoe through the

00:26:27

stresses of the menu are the guys from

00:26:29

bitrefill, the website where you can buy

00:26:31

everything you can think of paying

00:26:33

with bitcoin onchain and Line and it is thanks

00:26:35

to this last form of payment that I continue

00:26:37

to buy today I just don't know why my

00:26:39

telephone operator had problems and I was

00:26:40

left without mobile internet without caring about

00:26:43

the mpol me I went to bit refill I bought a

00:26:45

mobile data eim and I paid for it with my

00:26:48

Fenix wallet in literally less than a

00:26:50

minute I had made the purchase redeemed the

00:26:52

coupon I installed the esim on my mobile

00:26:54

But that's not all soon I will be

00:26:56

recording a Pot in the exterior and Although

00:26:58

I love my roadcaster Pro 2 where I

00:27:00

connect microphones and so on, it is a bit

00:27:02

cumbersome to transport so I am going

00:27:04

to get a trck 4 zoom pod on

00:27:07

Amazon and I am going to do it by paying everything at

00:27:10

bitrefill.com paying with Lin bitrefill

00:27:13

you It triggers the onchain sats that you have

00:27:16

blocked in a lining channel and

00:27:17

allows you to enjoy them ignoring the noise

00:27:19

of runes and other layer congestion.

00:27:21

If you still don't know their catalog,

00:27:23

go ahead and take a look by following

00:27:25

the link in the description, understanding the

00:27:28

effervescence of the

00:27:46

mole the mempu hits the red, we know that

00:27:50

many runes struggle to have

00:27:52

low Mission rates and

00:27:55

specific names, but once created,

00:27:58

let's now know what tools they have

00:28:00

to encourage the participants of

00:28:02

this virtual reality to mint their

00:28:04

tokens, let's analyze possible

00:28:07

economic logic of their creation or

00:28:10

tokenomics for example What tokenomics

00:28:13

can we find? Here I am going to theorize

00:28:16

things that come to mind after

00:28:17

having read How they work and after

00:28:20

also having experienced the shitcoin ism

00:28:23

of

00:28:24

2017, we can have tokens with good

00:28:27

marketing and few units at a time. market Can you

00:28:31

imagine the fomo for getting a scarce

00:28:34

super valued token of that

00:28:38

virtual reality that would be an example another

00:28:41

example would be tokens with a high

00:28:43

issuance ceiling a lot of value is worth but

00:28:46

when a specific block height is reached

00:28:48

a limit block will no longer be can

00:28:52

mint more Wow, I mean you can mint

00:28:56

many but only until the next block

00:28:59

or I don't know or Imagine that they put a

00:29:00

very close block height well my God, I

00:29:05

believe in that virtual reality a lot,

00:29:07

I'm willing to pay everything to

00:29:09

have one Noa al margin and this is already

00:29:13

happening there will be those who will pay everything to

00:29:16

have that token and yet someone will pay

00:29:19

more than him, it will make him stay outside the

00:29:23

mining limit block and his

00:29:26

transaction will be confirmed and he will lose the

00:29:28

monstrous transaction the

00:29:31

transaction commission that he agreed to

00:29:33

paying this is the clear demonstration that

00:29:36

it is a zero-sum game And as

00:29:39

the English say Play Stupid games Win

00:29:42

Stupid

00:29:43

prizes let's go with more tokenomics, I

00:29:46

especially like a highly

00:29:49

demanded token with enormous publicity for

00:29:52

which the team has a good

00:29:55

premin but at the same time They have put a

00:29:58

low value on it, that is, they have

00:30:00

created a token with a

00:30:02

certain amount and they, for example, have

00:30:04

kept half of it.

00:30:08

one

00:30:11

at a time, like you're going to go bald,

00:30:14

you can do that. Or you can,

00:30:19

the team is so good, the team sells you

00:30:22

packs of 100. They can sell you a pack of

00:30:24

100, maybe even for less than what they

00:30:27

would cost you. the transaction to

00:30:31

get 10 oysters, what good

00:30:33

people they are on the team, as you

00:30:36

may be imagining, this scheme is ideal

00:30:38

for scammers and lovers of

00:30:40

poncin omics, these three examples of

00:30:44

such quick tokenomics that

00:30:46

occurred to me while I was preparing the podcast

00:30:48

depend exclusively of how many people

00:30:51

have the virtual reality glasses on

00:30:52

and are willing to pay for the

00:30:55

party but that they have an Impact are worth

00:30:58

all the users of the

00:30:59

blockchain, whether they are ordinary users or

00:31:03

economic transactions, which by the way

00:31:05

is a term that I have also mentioned

00:31:07

before but it doesn't convince me because

00:31:10

everything could be an

00:31:13

economic transaction, each of these

00:31:16

individual initiatives that have always been possible to

00:31:18

do, but now they have

00:31:20

found

00:31:24

unique glasses under which to dialogue and create a

00:31:26

market because they will create waves of

00:31:29

commissions to the red Like the one we are

00:31:31

living now for which we

00:31:33

will have to

00:31:34

prepare ourselves, these examples of tokenomics

00:31:37

refer to

00:31:39

individual tokenomics of each rune, but then be careful

00:31:43

with this, there is also a global tokenomics,

00:31:45

the definitive tokenomics, which is the

00:31:48

survival mechanism of the runes

00:31:51

in case all else fails until the

00:31:53

halving of 2028 I am talking about the

00:31:56

length of runic names before I have

00:31:59

said that runes can have a

00:32:01

name from one to 28 letters and I have not

00:32:04

lied that is what their official documentation says

00:32:06

But you know what since this last

00:32:10

halving you can only create runes with

00:32:13

names between 13 to 26 letters, take now

00:32:17

the names of more than 26 are

00:32:19

reserved to be given to runes

00:32:21

that do not specify any name so a

00:32:24

very repetitive one will be given to them

00:32:26

at random but the names that

00:32:28

ranging from one to 12 letters, they will be

00:32:31

unlocked every

00:32:33

17,500 blocks until just before the

00:32:37

2028 halving, the

00:32:40

names of one letter are unlocked Boom 12 periods

00:32:44

for names of 12 different lengths

00:32:48

in periods of 17,500 blocks that will

00:32:51

make the entire rune ecosystem in

00:32:54

together have a perfect excuse to

00:32:56

want to get back on the subway at the

00:32:58

same time collapsing the menol. Can you imagine the

00:33:02

fierce fight that there will be on the menol

00:33:05

around 2027. When the

00:33:08

four-letter names are unlocked and people

00:33:10

fight to get the Pepe token or the

00:33:13

token

00:33:14

usdt because this is the

00:33:17

definitive tokenomic by design that Casey Rod

00:33:19

armor has designed to reach 2028 with

00:33:22

some type of incentive to pump

00:33:26

mining fees. Yes, he is trying to

00:33:29

become a miner because with people like

00:33:31

casy, why do you need a subsidy?

00:33:33

block and seeing all this it is normal that

00:33:37

one remembers when I transferred and

00:33:39

made Coin joins to a satoshi for b and

00:33:43

wonders couldn't we stop this in

00:33:45

some way

00:33:49

[Music]

00:33:54

these feelings that we

00:33:57

get into when we see that we can't make the

00:34:00

transactions What we did before at the

00:34:02

same low cost leads us to first of

00:34:06

all say but we can stop it

00:34:09

somehow you don't get these

00:34:10

feelings from inside that unnerve you a

00:34:14

little when I did the first podcast

00:34:16

on ordinals a little over a year ago there

00:34:19

was also this type of feelings

00:34:21

and at that moment I did it with zero

00:34:23

perspective without time to think about

00:34:25

a new phenomenon that touched us and

00:34:27

with a general opinion about what they

00:34:29

seemed to me but with the need for time

00:34:32

to think and to make myself the

00:34:34

lawyer of the devil, the conclusion I have

00:34:37

reached in these months is very

00:34:39

similar to the one I

00:34:40

recently heard from Andreas Antono Polus in

00:34:42

the prometia bitcoin reading club,

00:34:45

which is incredible. By the way, what

00:34:46

Entropy has achieved by bringing Andreas to the

00:34:48

club in just a few months is not To be up and

00:34:50

running Andreas does not speak Spanish but

00:34:53

thanks to some Artificial Intelligence

00:34:55

I have Dubbed a small excerpt of the

00:34:57

conversation I

00:34:58

invite everyone to listen to the

00:34:59

original version in English I will put it in

00:35:01

the description and also to join the

00:35:03

book club from Promethea and buy his

00:35:05

books, I will also post the

00:35:07

text version of this extract on my blog for

00:35:09

those who prefer to read it. Let's go with

00:35:12

Andreas' opinion about all that

00:35:14

arbitrary information that is being

00:35:16

added to the blockchain and that,

00:35:19

for example, is closing us off. The door

00:35:20

is closing or not, let's be honest, it

00:35:24

's making it very expensive, no. And that's because HM

00:35:28

we don't like it, we can stop it. Andreas, it's the

00:35:31

fault of things like tabot that we're

00:35:34

seeing what's happening, not just

00:35:36

runes, but ordinals, inscriptions and

00:35:39

so on. Yes, I'm not. according to the

00:35:42

assessment that it was specifically ta

00:35:45

rot that allowed ordinals I think

00:35:49

uh ordinals per and

00:35:53

nft tokens were already possible before and from the

00:35:55

beginning since 2000 201 people have

00:35:58

tried to do various things

00:36:01

layered token solutions in bitcoin

00:36:05

And the truth of the matter the simple truth

00:36:09

is this in

00:36:13

information systems all information is

00:36:15

simply bits and so if you decide that you

00:36:19

want to put bits that represent in a

00:36:22

jpec or a URL or something else in bitcoin there are

00:36:27

100 different ways to do it and

00:36:29

honestly there is no way to stop

00:36:32

people from doing that If you don't give them a

00:36:34

space to put it in the signature they

00:36:36

would put it in the keys they would put it in

00:36:38

the outputs they would put it in a multif

00:36:41

signature with fake public keys that

00:36:45

are actually jpec if you have a space

00:36:48

where you can put binary information

00:36:51

then you can make sure that the

00:36:54

binary information is what you think it

00:36:57

is you can think that it is a key for

00:36:58

example a public key or an

00:37:01

address and then someone can put

00:37:03

in that same space something that is a

00:37:06

jpack because bits are bits And this is

00:37:09

really something that gives us a lot of freedom

00:37:12

on the internet because it is because all the

00:37:14

bits are the same that we can do things

00:37:17

like VPN we can hide traffic within

00:37:20

SS we can hide information

00:37:23

within images we can

00:37:26

communicate freely So It

00:37:29

wasn't taproot that created this taproot

00:37:32

just made it possible and in fact

00:37:34

a segregated witness that opened the

00:37:35

door for but basically these

00:37:37

technologies gave us more space on the

00:37:39

blockchain to put data And

00:37:41

then if that data is transactions or

00:37:46

images or cheg stupid crap it

00:37:51

's not really something you can

00:37:54

choose from So there are two reasons why I do

00:37:57

n't think this is a big

00:37:58

problem the first is I think bitcoin

00:38:01

is a very inefficient and flexible system

00:38:06

for making smart contracts and nfts

00:38:08

is it's too much expensive has

00:38:11

enormous censorship resistance and

00:38:15

robustness and security which is

00:38:17

completely necessary for most

00:38:19

uses of nft tacher AND tokens

00:38:22

so as a result why would you use

00:38:27

the very expensive and very robust system to

00:38:29

do something that doesn't need that level of

00:38:32

expense is a bit like carrying an

00:38:35

M1 Abrams tank to the supermarket to pick up

00:38:38

your order now there's a chance you

00:38:41

could take sustained fire on your

00:38:43

way to the supermarket but it's

00:38:45

unlikely so what you're doing

00:38:47

is just wasting a lot of

00:38:49

fuel and taking up a lot of space on the

00:38:51

road for something that is not necessary

00:38:53

So I think that is ordinals and

00:38:56

inscriptions and all those other things

00:38:58

tokens will not find success in the

00:39:02

market Ah the market has left Clear

00:39:04

that the right platform to do

00:39:06

these things is is ethereum and will continue

00:39:08

It's ethereum so it's a waste

00:39:11

of time to try those but it's

00:39:12

good news because that means

00:39:14

they're not going to clog up the

00:39:16

blocker space for much longer but there's

00:39:18

a broader philosophical question which

00:39:21

is how do you keep these things from getting

00:39:24

into the blocker space? the blockchain and the

00:39:26

simple answer is that you cannot

00:39:29

prevent them because if you make

00:39:32

data space available on the blockchain for

00:39:35

transactions the only way

00:39:38

you can to prevent people from putting

00:39:41

garbage is to associate a cost And

00:39:44

if people are willing to pay the

00:39:47

fee to put garbage in then they pay

00:39:49

the fee and the garbage goes in there are only two

00:39:53

ways to allocate space in a

00:39:55

blockchain one is a

00:39:57

commission market with an auction which is what

00:39:59

we do now and the other is a dictatorship

00:40:02

of developers or operators of nodes

00:40:05

that decide that it is a

00:40:07

legitimate application and that I would much rather not

00:40:10

have a market that says so because

00:40:12

the problem is if you make the

00:40:15

developers Guardians then

00:40:18

all kinds of consequences arise from that

00:40:21

and in fact Ah ah I don't think I think they

00:40:25

could suan stop the garbage

00:40:26

anyway Oh it would just disguise itself as

00:40:29

something else so I'm not worried I don't think

00:40:30

this is a problem and I don't think it

00:40:32

's an unintended consequence of

00:40:34

taer it's simple the reality of

00:40:37

information systems is that all

00:40:39

Data can be entered and made to

00:40:41

look like any other

00:40:43

data. I'm going to repeat because it seemed like

00:40:46

a spectacular closure to me. It says

00:40:51

if people are willing to pay the

00:40:53

fee to put garbage there, then

00:40:55

they will pay the fee and the garbage will go in. There

00:40:58

are only two ways. of allocating space

00:41:01

on a blockchain one is a

00:41:04

fee market with an auction which

00:41:06

is what we do now and the other is a

00:41:09

dictatorship of developers or

00:41:11

node operators who decide what is

00:41:13

a legitimate application and what is not

00:41:17

I would prefer a market decide that

00:41:19

because the problem is that if you make

00:41:21

the developers the gatekeepers

00:41:24

then all sorts of consequences

00:41:27

come from that and in fact I don't think they

00:41:30

can really stop the garbage

00:41:32

anyway you will just disguise yourself

00:41:45

bitcoin is a blockchain that

00:41:48

stores transactions with a

00:41:52

certain serialization and so on. But

00:41:54

in the end it allows you to put bits in a

00:41:59

decentralized database, bits that for

00:42:02

you to enter

00:42:04

micro or macro information, whether

00:42:06

smaller or larger, makes you pay for

00:42:08

each byte you

00:42:10

enter.

00:42:11

So I think like

00:42:14

Andreas, yes you close a door. Don't

00:42:17

worry, they will find another way to

00:42:18

keep putting that information in and it

00:42:21

is not a tabot problem, it is not a

00:42:22

sequit problem, it is not a problem with the

00:42:24

up return field, which we have had since

00:42:26

2014

00:42:28

because and before, in fact, but

00:42:29

standard form from 2014 this is simply a

00:42:33

problem of the nature of what

00:42:35

we are talking about this is a

00:42:37

distributed database a database that

00:42:39

costs that the only thing it tells you is Look

00:42:41

this database is it does not have you do not

00:42:43

need permission from anyone You do not need

00:42:46

access keys, the only thing you need

00:42:48

is to know mathematics to be able to calculate a

00:42:51

public key. And from there you can

00:42:53

use the blockchain by paying

00:42:55

a commission that is paid in the

00:42:58

native unit, which is the bitcoin asset,

00:43:02

not the token. Perfect bitcoin then

00:43:05

it is without permission and it seems

00:43:09

that many of the ideas that have been

00:43:11

put on the table always start from

00:43:14

the basis that someone decides what

00:43:17

can enter and what cannot enter

00:43:18

the block chain and I understand the

00:43:20

Basically, I understand the desire for

00:43:23

bitcoin to be used only for

00:43:24

monetary transactions,

00:43:27

but I understand the fear that is greater than, for

00:43:30

example, that one day, two days, a

00:43:33

week goes by without being able to transact, because that

00:43:36

fear for me is more important and the

00:43:37

The fear I have is that if we find the

00:43:40

key to be able to say what can

00:43:42

and cannot enter the

00:43:44

bitcoin blockchain, what will be

00:43:46

the problem for a large actor to say

00:43:49

no, no, for transactions that come from

00:43:52

a Coin join? that gives people privacy

00:43:54

because I don't want them to happen or the

00:43:57

transactions that come from those types of

00:44:00

IPs that are from Iran that are from Cuba and

00:44:03

so on because I don't want them to happen So I don't

00:44:06

like it, as Andreas said, I don't

00:44:08

like the consequences at all. They can

00:44:10

leave Establish a

00:44:14

decision system about what can enter and

00:44:16

what cannot enter and here I am going to read an

00:44:19

excerpt

00:44:20

from an explanation that

00:44:24

20 Jimmy s has made today about all this rune stuff

00:44:27

And how he closed agree are two

00:44:31

paragraphs says Unfortunately in addition to

00:44:34

the known scam that altcoins perpetrate

00:44:36

being completely

00:44:38

centralized there is a deeper cost

00:44:40

in terms of block space congestion

00:44:42

the runes asset mission has

00:44:46

nullified almost all other

00:44:49

use cases at this point in this I am

00:44:51

totally agree So the

00:44:54

runes have caused that said this says

00:44:57

Jimmy the current rate of rune issuance

00:45:00

is completely unsustainable in

00:45:02

the first 18 blocks alone

00:45:05

more than 20 million dollars have been spent in fees

00:45:07

most of them on the issuance of

00:45:10

runes At this rate the rune emitters

00:45:13

would be spending 150 million a day or

00:45:16

1000 or 1000 million a week, an

00:45:20

outrage, I honestly can't see them

00:45:23

doing this for much more than a

00:45:26

month or two. Meanwhile it must be

00:45:29

great to be the miner who finds all

00:45:31

those blocks And now I'm going to read you another

00:45:34

comment but I want to highlight the point

00:45:37

that Jimmy puts on the table to say the

00:45:42

price is the cost of this operation is

00:45:45

unsustainable now we return to the cost

00:45:48

but the last comment I want

00:45:49

to add is from John Carvalo What does he say He has

00:45:52

done a good thing, he made a tweet where he said

00:45:55

right now with these commissions, open

00:45:57

a Lightning channel. In other words, joining the

00:46:00

Lightning Network only costs 00, suck

00:46:04

that

00:46:05

visa, obviously an ironic tweet, no, and

00:46:08

Peter McCormac told him Well, very well,

00:46:11

okay, what is the answer? correct No,

00:46:13

what is the answer to this and John

00:46:16

Carvalo told him the beatings will continue that

00:46:19

is, the suffering will continue until

00:46:22

we separate the narratives of

00:46:25

truth price on Jimmy's part separate

00:46:29

narratives of truth on John

00:46:32

Carvalo's part Jimmy's side very de I agree

00:46:36

that

00:46:37

the ultimate boss of bitcoin is not going to be

00:46:41

the transaction fees if the price.

00:46:43

That is, if bitcoin is destined to rise to

00:46:46

eternum in

00:46:48

dollar value, the bottleneck is not going to be

00:46:52

that the menu shoots up, I believe that the

00:46:53

menu In the end it will end up arriving

00:46:56

constantly. Although there is a lot of use of

00:46:58

bitcoin at one SAT per byte, we even

00:47:00

have to create fractions or allow

00:47:04

fractions in the commissions to be able to pay

00:47:06

at 0.1 SAT per B Why Because the price

00:47:11

will in itself make the minimum

00:47:14

you pay for a bitcoin transaction

00:47:16

that may cost you Well, for a chat

00:47:17

per byte a payment transaction is 140

00:47:20

bytes well eh it will cost you 140 sats Well if

00:47:22

the price of bitcoin goes to 100

00:47:24

million per unit

00:47:27

a satoshi will be or and 140 will be 140

00:47:32

therefore the minimum you would pay in bitcoin

00:47:33

would be 140 well you are an

00:47:35

exaggeration 100 million per unit well

00:47:37

10 Well then it would be 14 not 1

00:47:40

million per unit I don't see this as being so

00:47:42

far away ok it would be 1.4 At a minimum, that is,

00:47:45

as the floor of the cheapest transaction

00:47:48

you can make in Bitcoin, and that is

00:47:51

very far from what you could do with

00:47:53

other payment systems, so I believe

00:47:55

that the final strangler is going to be the

00:47:57

price and poor

00:47:59

political management. What makes bitcoin continue

00:48:01

to be that vacuum of value in the

00:48:04

world?

00:48:05

So assuming that, the price is, that

00:48:10

is, the price that we set as a minimum

00:48:12

to be able to enter the

00:48:14

blockchain. It is the anti-spam mechanism that there are

00:48:17

people who now want to start

00:48:20

adding everything. try to go through that

00:48:22

door of the bitcoin blocks and pay

00:48:24

the gold and the moro well let's see

00:48:27

they can even as Jimmy said how much

00:48:29

can you be paying 1 billion

00:48:31

dollars a week Oh no it's not that he is a

00:48:33

government actor good perfect at

00:48:35

1 billion for the week eh How many

00:48:37

years could the United States be paying

00:48:39

like this and at a certain point What value

00:48:42

would the dollar have if this comes

00:48:44

directly from the impression of an increase in

00:48:47

the monetary supply eh by the

00:48:51

Federal Reserve that would be like an

00:48:54

absurd attack no But okay Come on, let's assume

00:48:56

the maximum conspiracy theory would

00:48:59

reach a certain point where

00:49:01

millions and millions would continue to be spent but the

00:49:03

value of the dollar would no longer be such. So

00:49:08

bitcoin's defense mechanism is the commissions it demands from you

00:49:11

to be able to enter the chain. of

00:49:12

blocks and this wears down

00:49:14

any actor so how can we

00:49:16

stop I think it is simply letting

00:49:18

time pass and this is where the

00:49:21

tweet comes from that I think is very important

00:49:22

from John Carvalo ah no but I wanted to

00:49:27

use bitcoin so that people of

00:49:31

the Great South could use it as

00:49:34

decentralized money. Well, we

00:49:36

discussed this in the live broadcast we did

00:49:38

during the bitcoin halving. We did

00:49:41

some numbers if we divided the entire

00:49:43

amount of satoshis, which is the

00:49:45

smallest unit of bitcoin that exists.

00:49:47

Well, if we divided all The amount of

00:49:49

I think there were 21 trillion satoshis

00:49:51

that will exist due to the number of humans

00:49:54

that exist, we touched 700,000

00:49:56

satoshis per head. So in and of

00:49:58

itself, eh bitcoin It's not for everyone

00:50:02

bitcoin no no it won't reach everyone

00:50:05

and Again, yes, yes, if bitcoin continues

00:50:07

to absorb value due to its

00:50:10

nature and its essence, due to how

00:50:14

bitcoin has been built, it will not be, that is, everyone

00:50:17

will be able to access bitcoin, no one

00:50:19

will stop you from being able to access bitcoin,

00:50:21

but bitcoin will be a challenge for many

00:50:25

people. get to get a

00:50:28

little piece and that is where I think

00:50:30

John Carvalo is the nail, which is that he says

00:50:32

that the fight will continue, that is, the blows

00:50:35

will continue until we separate the

00:50:36

narratives, the narratives of not

00:50:39

money for everyone, that is, ideas

00:50:42

that Perhaps they are born from a very good background and

00:50:45

with very good intentions but

00:50:48

they are

00:50:50

detached from the essence, as John

00:50:53

Carvalo says, separating the narratives from the

00:50:55

truth because these narratives are

00:50:58

totally separated from what bitcoin

00:51:01

can

00:51:02

provide,

00:51:05

so how can we stop it? Don't worry, it

00:51:07

stops. just Ah I get angry I don't

00:51:10

know what good well you can get angry

00:51:12

no one is going to stop you from getting angry

00:51:14

But maybe it will be better if we start to

00:51:17

understand that bitcoin is about this and that

00:51:21

this could also happen if you believe the

00:51:24

success thesis of bitcoin this The same

00:51:26

could happen not with

00:51:29

token transactions but with an ultrad demand from

00:51:32

all that Great South that suddenly begins to

00:51:34

transact with bitcoin and

00:51:37

the

00:51:38

whole thing collapses, then

00:51:41

they would also complain to us or we would go back to that tweet by

00:51:44

John Carvalo in which we have to

00:51:47

stop and understand what the truth is

00:51:51

What is the essence of bitcoin and what are we

00:51:53

going to

00:51:54

use it for? These three

00:51:58

testimonies from Andreas de Jimmy and

00:52:02

John Carvalo seem to me to be very revealing to be able to

00:52:05

reflect

00:52:07

and without sides without simply reflecting

00:52:10

and debating in an honest public way. about

00:52:14

everything that is happening and about

00:52:15

what bitcoin is and what it will be in the

00:52:19

future I still think that bitcoin is

00:52:23

hope and that bitcoin is what has

00:52:29

optimism for me for my

00:52:32

future generations So nothing I have said It

00:52:35

takes away my

00:52:38

strength but I think it will be a great

00:52:41

community debate in which you can also

00:52:45

participate and with what I just said

00:52:48

I am going to put on the table a risk that

00:52:52

I do see now, not only to what is

00:52:54

happening now. but to other things that

00:52:56

are being put on the table there are

00:53:03

[Music]

00:53:09

risks there are risks that I think go

00:53:12

beyond what is obvious to me the risk of

00:53:14

the runes the ruins that we said yesterday

00:53:17

live 240 well for many people they

00:53:20

have been ruins Well Well, for me the

00:53:23

risk of the runes or the inscriptions

00:53:25

is not the risk that for a few days it will

00:53:27

not be possible to transact. The risk that

00:53:30

I dislike the most, which is already here and about

00:53:34

which I do see that we can start

00:53:36

doing things, is that of mep or

00:53:40

extractable value by miners in its acronym in

00:53:43

English the podcast is already being

00:53:45

extensive enough on the

00:53:47

runes side and I don't want to open the melon

00:53:49

now about meb but if you want to know more

00:53:52

mat corallo has an excellent article from a

00:53:54

few days ago about the question and

00:53:57

that I will leave you attached in the description

00:53:59

but I will say that the mep is all that

00:54:02

activity that a mining pul can

00:54:04

carry out on the mining of a block

00:54:07

to get more value from it than that of

00:54:10

coordinating Miners' hashes and

00:54:13

selecting transactions The ones that pay the most for

00:54:14

this type of activity include

00:54:18

payments outside the public mpol to

00:54:20

include transactions in a block, the

00:54:22

additional value they can obtain from

00:54:24

a specific and non-economic rearrangement of

00:54:27

the transactions in a block, the

00:54:29

inclusion of interested own transactions

00:54:31

or even the reorganization.

00:54:34

of a block there are several other types of mep

00:54:37

in Mat Corallo's pad and the one that is

00:54:40

especially worrying is the mep that

00:54:43

makes the pools even

00:54:45

more centralized and makes bitcoin lose the

00:54:48

resistance to censorship that we like so much,

00:54:50

this centralizing meb is what is

00:54:53

known as mbil made a joke of uniting

00:54:57

the part of mep and Evil Evil Evil or as it is

00:55:00

pronounced evil bitcoin with its

00:55:04

non-monetary uses and with meta protocols

00:55:06

in its transactions opens the door to

00:55:08

meb opens the door to, for example, a

00:55:11

pool see the minting of a token in

00:55:13

process seems like a profitable business

00:55:16

and leave out someone who pays more to

00:55:18

mint a token to get

00:55:21

their own minting I see non-

00:55:24

monetary uses and meta protocols

00:55:26

impossible to stop what I do believe

00:55:28

What can be worked on is to avoid the

00:55:30

mep or make it super complicated by

00:55:33

working on the decentralization of the

00:55:37

block template construction protocols so that the

00:55:40

miners and their farms are the ones

00:55:43

who decide which transactions to include

00:55:45

because without so much centralization

00:55:47

Although there is still an incentive for

00:55:49

each independent actor to practice some

00:55:51

mep, it will be less practical for them to allocate

00:55:55

economic resources to develop

00:55:57

that logic and they will focus on doing

00:56:00

what really benefits them in

00:56:02

selecting and ordering the transactions

00:56:05

that pay the most bitcoin without

00:56:06

meta-information without metagames and without

00:56:09

metalogic the risk that I see is the

00:56:11

mep the waves of commissions that

00:56:14

are now at 2000 and now later they are

00:56:17

at 300 or 200 are just an expression of the

00:56:21

live market of the bitcoin block space

00:56:23

but since I know that It can be

00:56:26

equally annoying, then I am going to

00:56:28

give you some advice that you can follow

00:56:30

when you encounter the following

00:56:33

waves of high commissions, what should

00:56:36

I do with my bitcoin

00:56:41

[Music]

00:56:46

now this about the waves of high

00:56:49

commissions in the bitcoin menol was

00:56:51

something that I discussed in quite some detail in

00:56:53

l190 when the brc2 fungible tokens also appeared.

00:56:58

In fact, at minute 55 and 52

00:57:02

seconds of that podcast I detail a

00:57:04

decision tree that you can consult

00:57:06

to see what your best course of action is if you

00:57:09

have to do it. a transaction

00:57:11

at a time of high commissions, I think

00:57:14

that in the 15 minutes I

00:57:17

explained there, there was a good

00:57:19

operational logic for these situations,

00:57:22

so I invite you to review it to

00:57:24

know how to act and not overspend, you

00:57:27

should know that in bitcoin, you can

00:57:28

retransmit transactions at

00:57:30

low costs and wait for the moment to

00:57:33

confirm them. This is useful. If you are

00:57:36

sending transactions from two wallets

00:57:38

you own, when the

00:57:40

commissions drop, they will be confirmed without you

00:57:42

having to pay for the madness of the moment,

00:57:46

for example, we can be Watching now, I'll

00:57:48

tell you in more detail in that

00:57:50

podcast, thinking from the perspective of the

00:57:53

actions that all of us

00:57:54

Bitcoin carry out on the reactive side of things, that

00:57:58

is, on the side that you have been left with

00:57:59

no room for maneuver during a

00:58:02

wave of high commissions.

00:58:05

You could buy and stack satoshis

00:58:08

I would tell you to only do it via lining

00:58:10

in things that do not ask you for any type of

00:58:12

collateral like Lightning peer to peer

00:58:15

Bot as far as jodel hodel Lance

00:58:17

Lightning will also be a great option

00:58:19

because I know it will work You will see

00:58:23

ideally You will have self-custodial wallets

00:58:25

like Fenix wallet with incoming liquidity

00:58:28

to be able to receive. If you don't know what

00:58:30

I'm talking about, don't consider getting

00:58:32

central liquidity in these times of high

00:58:34

commissions. It would be suicide. You just

00:58:37

have to use a custodial solution

00:58:39

like wallet of satoshi or blink until

00:58:42

ease up the menu and you can pass them to, for

00:58:45

example, the same Phoenix that I

00:58:47

was mentioning to you, my advice will always

00:58:50

be that it will guard your funds, this in

00:58:53

terms of How to buy and stack satoshis

00:58:55

but How can you receive payments, well, to

00:58:58

receive payments I recommend the same thing, use

00:59:00

lining aut custody failing that lining

00:59:02

custodial and failing that some

00:59:04

sidechain such as liquid or rootstock but

00:59:06

remember the security premises here

00:59:08

are different and not your Keys not your

00:59:11

coins until you transfer it to custody

00:59:13

you still will not have really received

00:59:15

those payments if What you want is to pay

00:59:20

because you can use lining the same if you don't

00:59:23

have lining and they only accept bitcoin

00:59:26

for payment if you have any other

00:59:28

saen Like liquid and soon rootstock because

00:59:31

you can use bolts exchange I will leave the

00:59:34

link and send something to lining and pay

00:59:39

from ling a Unless they also let you

00:59:42

pay From that SAE if you don't have lining

00:59:44

but you have any shitcoin you can

00:59:46

maybe use them directly or use a

00:59:48

Swap service to transfer them to ling

00:59:51

I am not a big fan of these Swap services

00:59:54

because unlike bs. exchange

00:59:56

where the exchanges are atomic and

00:59:58

no one can leave with what is not theirs.

01:00:00

In conventional swaps, they can play

01:00:03

tricks on you and demand, for example, a

01:00:05

c. The important thing in general is not to touch

01:00:09

bitcoin on Chain when the commissions

01:00:11

are like this unless be a very

01:00:13

large payment and that the percentage Although the

01:00:16

minimum is skyrocketed that the

01:00:18

commission percentage remains at 3 or 2%

01:00:22

And then you say Well it's still

01:00:24

worth it to use onche

01:00:26

but whatever the case you have to know that your

01:00:29

bitcoins are the ones have holde in Cold

01:00:31

storage they will continue to be very safe

01:00:35

even more so because of the incentive that

01:00:37

Miners have to increase their High rate

01:00:39

to earn more

01:00:40

commissions this in terms of

01:00:43

reactive measures but if you only have bitcoin on

01:00:46

Chain you did not do your homework with linning

01:00:48

nor did you have any intention of buy

01:00:50

now ling but you do want to spend

01:00:53

Well yes I'm sorry you lacked a little

01:00:56

preparation But well now since we

01:00:59

can't do anything anymore we're not going to

01:01:00

lash out and I'm going to tell you what

01:01:03

your roadmap should be when the mole goes down and

01:01:07

so take proactive actions to

01:01:09

avoid having this problem in the future.

01:01:23

When you

01:01:25

receive those funds, they will autoconer to the ling

01:01:28

and stay there waiting to be spent.

01:01:31

This is something you should do when the

01:01:34

commissions are low. I would say sub

01:01:36

30 sats per byte. Although you may be able to

01:01:39

wait a little longer and it will still have

01:01:41

some costs. I recommend that you do

01:01:44

not send less than half a million

01:01:46

satoshis. For me, the optimal amount

01:01:49

would be to have a mobile wallet with

01:01:51

at least 2 million satoshis. Those

01:01:54

1,300 for payments will be very

01:01:57

useful in times of

01:01:58

specific tensions like the ones we are experiencing now with

01:02:02

balance. lining already by hand you

01:02:04

will feel much freer and you will not be

01:02:06

so overwhelmed by these situations And if you are a

01:02:08

stacker of satoshis on a regular basis you can

01:02:10

also learn to have

01:02:12

incoming liquidity independent of what you have

01:02:15

to spend if you do not understand a lot about

01:02:17

liquidity right in the

01:02:19

l19 titled scaling the four

01:02:22

levels of sovereignty lining from the

01:02:24

mobile and that grab with rees satoshi

01:02:27

we talked about what liquidity is with

01:02:29

many graphic examples to understand it

01:02:32

and having central liquidity you will be able in

01:02:34

situations like this to be able to stack satoshi without

01:02:37

giving custody to anyone 100% sovereign

01:02:40

So I invite you to also

01:02:42

prepare your Fenix wallet with

01:02:44

incoming liquidity and having it well. And also

01:02:46

having others, you can also receive

01:02:49

the payments you want. As a last

01:02:52

proactive lining idea, I would tell you that

01:02:54

once you have your wallet ready, do

01:02:56

the same with a Zeus wallet with an

01:02:59

internal node will not be as easy as in Fénix

01:03:02

but it is not rocket science either

01:03:04

and thus you will not trust all the

01:03:07

cards to Fénix and in case of failure

01:03:09

you will have an option B to resort to

01:03:12

on the onchain side proactively

01:03:14

Make it your accumulations of satoshi

01:03:16

are larger and less periodic if

01:03:18

you stacked satoshis every week maybe

01:03:20

start stacking them once a month so

01:03:23

you will have larger coins which goes

01:03:25

great with what I mentioned with arcat in

01:03:28

l219 and this way you will avoid having many dead people

01:03:32

you can also choose the day with

01:03:35

lower fis and you will have many more

01:03:37

peer to peer markets to choose from among

01:03:39

which you will find my dear jodel jod

01:03:42

still on the autocustom side, I

01:03:44

have an interesting idea that

01:03:46

could be useful to you if you are one of those

01:03:48

who sells bitcoin on a regular basis and you

01:03:50

also participate in physical meetups

01:03:53

like those advertised in 240 meetups,

01:03:57

you could get some

01:03:59

Coin kite sats cards starting at 0 per unit and

01:04:03

load them with some amount of bitcoin

01:04:06

that you usually sell, for example, I don't know

01:04:08

half a million sats about 300 in exchange

01:04:11

If the menol collapses you could continue

01:04:14

selling those bitcoins to other

01:04:16

individuals in one of the meetups to

01:04:18

which you give them the card and for

01:04:21

example with a 5% premium you could

01:04:24

sell it for 316

01:04:26

And if you charge the cost of the sscar at

01:04:30

326 extra cost very far from the

01:04:33

transaction costs that we are seeing these

01:04:35

days and also if you recharge more

01:04:38

amount 600 or 1000 eur for the sale it

01:04:41

still dilutes more on the side of the

01:04:44

transfer of custody I would not recommend

01:04:47

anything because we are already being forward-looking

01:04:49

and preparing ourselves before bad things come to pass.

01:04:51

Why are you going to resort now to

01:04:53

giving custody to a third party? Although

01:04:55

Well, I would find a valid argument to

01:04:58

say like plan c in case everything fails,

01:05:00

Phoenix Zeus and others to have yet

01:05:03

another emergency resource, okay? In

01:05:07

these theses I would tell you what you value is having

01:05:08

one or 2 million sats in liquid in

01:05:11

Bs. exchange you can then transfer them to

01:05:13

ling and from wallets like s Swap

01:05:17

you can also make the pegout to bitcoin

01:05:19

onchain when the commissions return to

01:05:21

calm liquid can also be a

01:05:25

momentary lung when the menol is

01:05:27

collapsed and you need to empty your Fenix

01:05:32

wallet to continue having

01:05:35

incoming liquidity then via bols exchange well

01:05:37

you can

01:05:38

do it as you see I have just explained

01:05:41

many things to you and both the

01:05:44

reactive and proactive solutions are not

01:05:46

obvious and involve the use of

01:05:48

tools that are not everyday in the

01:05:51

daily life of a cape hodler a

01:05:54

good thing both of F Zeus bols and siteswap is

01:05:58

that you can use them today in the

01:06:01

bitcoin lining liquid test network, so

01:06:04

if this wave of

01:06:06

rune commissions has caught you by surprise, I encourage you

01:06:09

not to let it happen to you again

01:06:11

and that review the two podcasts that I have

01:06:13

told you about, especially the l190 and

01:06:16

practice with the l19 in Tesne as much as you

01:06:20

want and more with Test coins

01:06:22

that have no monetary value. So when

01:06:25

the crowd calms down you will have the

01:06:28

necessary skills to move on to

01:06:33

[Music ]

01:06:46

action and now a moment for coink and

01:06:50

minter coink is the company that manufactures

01:06:52

the most iconic hardware of bitcoin And

01:06:54

although I am always in favor of the call

01:06:56

carar that fascinate me, you should know that

01:06:58

they have many products such as the

01:06:59

block clock, the Open dimes, the Tab

01:07:01

signer or the sscs that I just

01:07:04

told you about in this last section, something that I have

01:07:06

not explained to you before and that may

01:07:08

have surprised you if you do not know is

01:07:10

that the sscar allows you to load balance in

01:07:12

them without you knowing what the private key is.

01:07:15

So When you exchange it

01:07:17

with someone, that someone can know if

01:07:20

you know their private key or not

01:07:22

and that is why you can use the

01:07:25

ssc as if they were physical bitcoin, like

01:07:28

what the casasus were in their day, as

01:07:31

you can see, coink has products for everyone. the

01:07:33

types of custody so I encourage you to

01:07:36

follow the link in the description and

01:07:37

let yourself fall into its wonderful rabbit hole

01:07:40

and minter the app and peer to peer network in

01:07:43

which you can write everything you

01:07:45

want without anyone can stop

01:07:47

and being the demonstrable owner of

01:07:50

everything you write my interest is

01:07:52

fascinating but it is true that no matter how much I

01:07:54

tell you, you will not feel its

01:07:56

power until you download it and

01:07:58

test it yourself the

01:08:00

learning path that you have to follow now If you

01:08:02

want to prepare for the next

01:08:03

wave of commissions, it is a

01:08:05

perfect opportunity to document it in minter by

01:08:07

creating your profile and starting to publish

01:08:09

in no time. If you create

01:08:11

valuable content and receive lining compensation

01:08:13

for them, you will also have some

01:08:16

Hats to use when the menu is

01:08:18

Go through the roof, in fact I had

01:08:20

about 150,000 satoshis accumulated

01:08:22

in bitcoin value and just yesterday I

01:08:24

withdrew it in preparation for the arrival of

01:08:27

the runes. 150,000 satoshis that I would not have

01:08:30

had if my blogging tool did not

01:08:31

have the bitcoin power grid integrated

01:08:33

into its DNA as minter does Don't

01:08:36

let me tell you and I'll tell you Alo

01:08:38

yourself I assure you that you will like it and if

01:08:40

you do Send me your profile I will

01:08:42

love to add you to my list of

01:08:44

trusted contacts and follow your

01:08:46

publications And finally let me

01:08:48

announce that this year btc prac returns, the

01:08:50

largest conference in Europe in

01:08:52

which a few of us will meet again

01:08:54

in Prague at the Prague meeting

01:08:58

led by the great Carli at. I will leave

01:09:00

the link in the description of the

01:09:02

Telegram group where we will coordinate for the

01:09:04

meetup that we did there last year

01:09:06

It was incredible, so I encourage you to

01:09:08

join and live the bitcoin experience

01:09:10

while we enjoy the excellent

01:09:12

beer and city of Prague and that's it for

01:09:17

this podcast that I hope has served

01:09:18

to clear up doubts about what the

01:09:21

runes and why these are collapsing

01:09:24

the lesser of pending transactions in

01:09:26

bitcoin there is a great open debate about

01:09:29

the fundamental values of bitcoin And

01:09:30

how to continue building with

01:09:32

aligned incentives that do not

01:09:38

pervert the discussion and the

01:09:40

active construction of a better bitcoin

01:09:44

things like stratum v2 cisa music

01:09:48

Frost all these examples are already

01:09:51

on the table and they are all Open

01:09:53

source projects that work in some way to

01:09:55

give more control to the miners more

01:09:57

decentralization in making

01:09:59

transactions more efficient more

01:10:00

private more secure Well all these

01:10:03

examples are Open source projects that

01:10:06

Everyone can approach them,

01:10:09

participate and lend a hand, but there is

01:10:12

a whole Universe of things beyond

01:10:14

this that still have to be thought about, that is,

01:10:16

things that are not yet even on the

01:10:18

table that have to be developed, such as the

01:10:20

decentralization of the mining and pl

01:10:22

Mining who commented on csh in the

01:10:24

bitcoin 140 live that we did for the halving

01:10:27

and that was excellent or off

01:10:30

Chain and offline solutions that at the moment

01:10:32

we only have those proposed by coinkite

01:10:34

with the Open dimes and the sscar there is a lot to do

01:10:37

to do and the future is promising and not

01:10:40

to me personally that the menu is

01:10:42

saturated one day, a week or a month does not

01:10:45

take away one bit of the optimism and

01:10:47

Hope that Satoshi gave me with the

01:10:49

invention of bitcoin So as

01:10:51

the cyher punks would say let's move forward together we go

01:10:55

ahead and with this on the table

01:10:58

now let's go for the after poot with the

01:11:01

value for value section

01:11:05

[Music]

01:11:15

value the value for value section is

01:11:18

sponsored by the gold and silver

01:11:19

investment store the double bullion place

01:11:22

where you can stack also hard

01:11:24

physical money to put next to your

01:11:25

satoshis. Every year I stack up some

01:11:28

specific one-ounce silver coins and I also always

01:11:30

try to get an ounce

01:11:32

of gold. There are several coins with which to

01:11:34

cheer up, each one with its story and that is why

01:11:36

I have crumbled the krugerrand, the

01:11:39

Panda, the American Eagle or some

01:11:41

suggestive selection of silver coins

01:11:43

and today I want to recover this selection of

01:11:46

silver coins that Rafa from

01:11:48

the double bullion gave me when I asked him what

01:11:50

coins he would choose to start his

01:11:54

metal stack Not a person who would start and he

01:11:56

told me the following thing seemed

01:11:58

excellent to me and that is why now that I am

01:12:01

buying silver I am interested in

01:12:03

bringing it back to the table here. He told me the

01:12:06

investor buys the cheapest silver at

01:12:08

any given time and then tends to go to

01:12:10

currencies that give him more pleasure or with The ones

01:12:12

that I believe will have the greatest

01:12:14

potential for revaluation in the

01:12:16

market among individuals, I make a

01:12:18

quick classification trying to go from

01:12:21

more investable to more collectible. The

01:12:24

first type are the investment coins

01:12:25

packaged at the factory in well-

01:12:27

known tubes with an unlimited limited run,

01:12:30

sorry and fixed designs American Eagle

01:12:33

maples British Philharmonics kangaroos and

01:12:36

Kruger rans here are the ones that I

01:12:38

always bought then second

01:12:41

classification less known investment coins

01:12:43

of limited circulation and

01:12:46

fixed design and here He told me that there are

01:12:48

Noah's arks and the elephants of Somalia

01:12:51

In the third type there are

01:12:52

very well-known investment coins with a limited circulation

01:12:55

and a fixed design, the freedoms or

01:12:58

rectangular dragons of the Perth m. In the fourth

01:13:01

group, there are very well-known investment coins

01:13:03

with an unlimited circulation and a

01:13:05

changing design, the pandas, and in the

01:13:08

fifth group we would find coins of

01:13:10

less known investment

01:13:12

limited runs and changing designs koalas

01:13:15

cocab donkeys emu Australian brumis

01:13:18

Australian Czech lions and others And

01:13:22

lastly there would be what he called the

01:13:24

new kids on the block The New Kids in

01:13:26

the Block that there are many mint here that

01:13:29

try to be like the big one next

01:13:31

investment coin and we find the

01:13:33

Maltese cross from the pressburg mint, the phoenix from

01:13:37

bullm and others. These days I am going to

01:13:41

return to Spain in a conference

01:13:43

that I have to give and there I will take the opportunity to

01:13:46

send me a small selection and thus

01:13:48

have my collection of 2024 half satiated

01:13:51

I will use the classic investment coins

01:13:53

but I will also add some

01:13:54

freedom the pandas and the New Kids in

01:13:58

the blogs I will also choose some

01:14:00

that are new and with power gives me a

01:14:03

certain fomo if like me you want to make your

01:14:05

small stack or Simply browse

01:14:07

the designs of some of these coins, I

01:14:09

encourage you to take a look at the

01:14:12

doubling website by following the link in the

01:14:14

description. I'll leave it here today with

01:14:17

this emergency podcast, not

01:14:19

even a week ago since the

01:14:21

previous podcast with what that the reading of all

01:14:23

the people who have sent me a

01:14:25

counter value that some have received through

01:14:27

this mining podcast Well, I will read all

01:14:31

your names in the next one where there

01:14:33

will be a few more and it will make sense.

01:14:36

Also remember that where we

01:14:38

explained the most and where we read All your

01:14:40

comments calmly are in the after

01:14:42

poot that I also published today

01:14:45

with entropy and nothing if nothing goes wrong

01:14:49

I will greet you again in a little more than a

01:14:54

week ah

01:15:00

[Music]

Description:

Transaccionar bitcoin se ha puesto muy caro. Y no, el culpable no es el halving. El culpable son las Runas de Casey Rodarmor, un nuevo protocolo de tokens que utiliza la cadena de bitcoin para comunicar información y que está generando una demanda sostenida de espacio de bloque a unas tarifas inauditas. llegando, por momentos, a más de 2000 sats por byte. - ¿Qué narices es esto de las runas? - ¿Por qué las estamos sufriendo ahora? - ¿Cuánto más durarán estas comisiones desorbitadas? - y si he de transaccionar ahora ¿qué puedo hacer? En el este podcast encontrarás respuesta a todas estas preguntas. LINKS MENCIONADOS Más información en mi BLOG ⁠https://lunaticoin.blog/ Escúchame en Fountain aquí ⁠https://fountain.fm/lunaticoin%E2%81%A0 - Twitter: ⁠ https://twitter.com/lunaticoin - Canal de Telegram: https://t.me/lunaticoinpodcast - Nostr: https://snort.social/nprofile1qqszfcmuredsezagmh382j70l33mtv5elqrylrae9z70x9decjt97wcpr3mhxue69uhkummnw3ez6ur4vgh8xetdd9ek7mpwv3jhvtcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszxthwden5te0wfjkccte9eekummjwsh8xmmrd9skctcrj4r7a ⁠- Comunidad y contenido adicional en mi Patreon: ⁠ https://www.patreon.com/lunaticoin%E2%81%A0 Mención especial a los sponsors de este podcast: Compra bitcoin sin KYC en HodlHodl:⁠ https://accounts.hodlhodl.com/accounts/sign_up?client_id=evIo342DOCWlNqQElhfn4mtrGNm4u0&referrer_code=LUNATICOIN Custodia tus bitcoin con Coldcard de Coinkite: ⁠https://bit.ly/coinkite-luna ⁠Vive con bitcoin en Bitrefill: ⁠https://www.bitrefill.com/signup?code=lunaticoin Crea, edita y comparte hypertexto sin que nadie te frene en Mintter ⁠https://mintter.com/ Apila dinero duro físico en La Dobla Bullion https://ladoblabullion.com/ Y por cierto, ¿has conseguido ya el recién publicado The Blocksize War de Jonathan Bier con prólogo de Miguel Vidal, 100% traducido al español gracias a Prometea? 100% recomendable https://bit.ly/Prometea_Luna

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