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LeoWandersleb
Member since: 2012-01-03
LeoWandersleb
LeoWandersleb 20h

Without knowing details, that would be orders of magnitude more than I ever heard from any node operator but if they have captured some niche users where they can charge that much with fast turnover for example, good for them.

LeoWandersleb
LeoWandersleb 20h

For a country that size, 2GW is tiny and Bitcoin is flexible load, so it makes sense. I don't like it's the government that's doing this. Why not private enterprise but the country appears to be perfect for this: https://ppq.ai/share/74b79a9e-f6d1-4d27-b6f5-9dc82a7e08dd Pakistan's electricity market faces significant challenges with chronic power shortages, though the situation has improved in recent years. Let me break down the key aspects: ## Market Overview Pakistan's electricity sector is characterized by a complex mix of public and private entities. The National Electric Power Regulatory Authority (NEPRA) regulates the sector, while the Central Power Purchasing Agency (CPPA) acts as the sole buyer from power producers. The distribution is handled by several Distribution Companies (DISCOs), mostly state-owned. ## Import/Export Status Pakistan is primarily an **electricity importer**: - Imports electricity from Iran (approximately 74-100 MW for Balochistan's Makran Division) - Has agreements for power imports from Central Asian states, though implementation has been limited - Minimal to no electricity exports due to domestic supply constraints ## Installed Capacity Breakdown As of 2023-2024, Pakistan's total installed capacity is approximately **43,775 MW**, distributed as follows: ### Base Load Power Plants - **Thermal (Coal, Oil, Gas)**: ~25,000 MW (57% of total) - Natural Gas: ~10,000 MW - Coal: ~7,500 MW - Furnace Oil/Diesel: ~7,500 MW - **Nuclear**: ~3,530 MW (8% of total) ### Flexible/Renewable Power Plants - **Hydroelectric**: ~10,635 MW (24% of total) - Major dams: Tarbela, Mangla, Ghazi Barotha - **Wind**: ~1,838 MW (4% of total) - **Solar**: ~1,650 MW (4% of total) - **Bagasse (Biomass)**: ~369 MW (1% of total) ## Renewable Energy Development Pakistan has shown increasing commitment to renewable energy: ### Current Status - Renewables (excluding large hydro) constitute about 9% of installed capacity - The government set a target of 30% renewable energy by 2030 - Major renewable energy corridors established in Sindh (wind) and Punjab (solar) ### Key Developments - **Wind Power**: Concentrated in Jhimpir and Gharo corridors in Sindh - **Solar Power**: Quaid-e-Azam Solar Park (1,000 MW when fully operational) is one of the world's largest - **Policy Support**: Net metering policies, feed-in tariffs, and renewable energy certificates introduced ### Challenges - Grid integration issues due to intermittent nature of renewables - Transmission infrastructure limitations - High upfront costs despite declining technology prices - Circular debt problem affecting the entire power sector ## Key Issues The Pakistani electricity market faces several structural challenges: - **Circular Debt**: Exceeds PKR 2.3 trillion, creating financial stress - **Transmission Losses**: Technical and theft losses around 18-20% - **Seasonal Variations**: Heavy reliance on hydropower creates seasonal supply variations - **Fuel Mix**: Over-dependence on imported fuels increases costs Despite these challenges, Pakistan continues to add generation capacity and is gradually shifting towards a more sustainable energy mix with increased focus on indigenous coal, renewable energy, and hydroelectric projects.

LeoWandersleb
LeoWandersleb 1d

It's 2025 and I met a 50yo engineer at a party who still thought you can't own less than a full Bitcoin. He had heard about Bitcoin back in 2012 and since some date later believed he missed the train. Let's see if the orange pill worked.

LeoWandersleb
LeoWandersleb 1d

Make your zaps count. That's the way.

LeoWandersleb
LeoWandersleb 1d

and were unsuccessfully mentioned and haven't reacted yet.

LeoWandersleb
LeoWandersleb 1d

I'm confused. Maybe noStrudel doesn't show the zap comments cause I see no comments on any of the zaps?

LeoWandersleb
LeoWandersleb 1d

casually dropped 200ksat without leaving a comment???

LeoWandersleb
LeoWandersleb 1d

I'm just asking people to consider the total and not only their personal loss. If we all agree to trust the same custodian and all zaps are just handled by that custodian, the value and meaning of zapping itself hinges on that custodian not pulling the rug. So I'm advocating for family banks. The Uncle Jim model. Use a fist-reach mint and not some anonymous custodian everybody else finds convenient. But yes, I am also guilty of using WoS because it's easy to setup zapping but I pull out funds rapidly and regularly. KYC should always have been "Know your Custodian".

LeoWandersleb
LeoWandersleb 2d

I wonder what happened to Andreas Schildbach's Android apps on Google Play? https://play.google.com/store/apps/details?id=de.schildbach.wallet and https://play.google.com/store/apps/details?id=de.schildbach.oeffi are both not available? He's active on GitHub https://github.com/schildbach The wallet repo has no issues tab? I'm pretty sure it had, right? https://github.com/bitcoin-wallet/bitcoin-wallet/issues Anybody know what's up? The Öffi page still links to Google Play, so it doesn't look like he de-platformed Google neither. https://oeffi.schildbach.de/download.html

LeoWandersleb
LeoWandersleb 2d

Sort of. They didn't have it in store and so the sales guy ordered it online. I'm not sure if I want to return it though. It was cheap after all and has a 4k resolution - which my 2015 laptop graphics card can't handle but I want to get a desktop so ... whatever.

LeoWandersleb
LeoWandersleb 7d

Claude said this: This is a classic example of what appears to be a "pump" strategy in stock trading. The post uses several tactics typical of stock promotion: 1. Creating a sense of urgency ("powder keg," "could gap this +30% in minutes") 2. Highlighting limited supply ("89% of float is locked," "No sellers. No liquidity") 3. Suggesting an inevitable price increase ("it wants to rip violently") 4. Pointing out technical indicators that suggest exclusivity ("US ticker is the only way in") The wide bid-ask spread (\$10.83 to \$17.08) is actually a red flag indicating extremely poor liquidity, but the post frames this as an opportunity rather than a risk. This type of messaging is designed to encourage readers to buy quickly before they "miss out," potentially driving up the price temporarily - which primarily benefits those who already own the stock and are looking to sell at higher prices. It's a textbook attempt to generate artificial demand through FOMO (fear of missing out).

LeoWandersleb
LeoWandersleb 15d

The above chart is titled "Bitcoin Daily Miner Revenue". Block reward + fees. A better title for this chart would be the "Security Budget". This chart looks suspiciously equal to the mere "Bitcoin Block Reward Per Day": Others like focus mainly on fees paid which also looks grim if you have a vague understanding that fees will be our only security budget soon: Fees have exceeded the block reward only for few blocks during the most extreme fee events but over a day, fees peaked at 60% of the Security Budget with prior peaks of 40% several halfings ago. Layer 2 protocols can afford to pay much higher fees per Byte for their Layer 1 needs but at this point, who even cares using L2 when L1 is dirt cheap? Do we need spammers to increase the security budget? I think non-financial protocols could fill that gap for a while but in the past, these "protocols" often were intentionally disruptive or even openly hostile against Bitcoin, scheduling "mints" such that fees spiked which only disrupts the monetary use of Bitcoin. And that's only the fee part of these "protocols" as they bloat the UTXO set, too.

LeoWandersleb
LeoWandersleb 68d

That last one is the wrong curve. Well ...

LeoWandersleb
LeoWandersleb 68d

And another library ... https://www.npmjs.com/package/ring-crypto. I don't care too much to make it super secure for a start. I just need something to validate the idea for a nip. Without any actual crypto library, ChatGPT proposes random number generators as dummy implementations.

LeoWandersleb
LeoWandersleb 70d

I think it could be a fun feature to allow ephemeral accounts that prove to be one of a group of people. Of course, unless I follow all the group members, I shouldn't be shown the ephemeral's note as if I were following them.

LeoWandersleb
LeoWandersleb 70d

Are you working on this? According to Claude, Non-Interactive Group Membership Proofs can be done on nostr. Alice can independently create a proof that "one of Alice, Bob, or Carol wrote this". I was researching this field a year ago without Claude in an attempt to get experts comment on products for Walletscrutiny. As the experts all have their own wallet products, it's delicate to comment on the short-comings of other products but if they could author a note that originated from a set of wallet providers, it would have the weight of a wallet provider without the repercussions of talking down on their competitor. Get their wisdom out there without them getting punished for sharing it.

LeoWandersleb
LeoWandersleb 36d

Custodians are counter party risk and liquid aims at being one hell of a gigantic custodian.

LeoWandersleb
LeoWandersleb 91d

Testing, this time without mentions ... I think.

LeoWandersleb
LeoWandersleb 94d

> WE HAVE HAD OVER 1000 APPLICATIONS. THAT MEANS OVER 800 REJECTIONS. This implies you accepted 200 applications? Where is WalletScrutiny? Did you get that application? Do you count it as rejected? If so, could I have a rejection message, please? > WE ARE ONE OF THE MOST TRANSPARENT AND EFFICIENT NON PROFITS IN THE WORLD. Nah, I don't think so. That reminds me how out of the thousands of wallets I personally reviewed, most marketing claims include some variation of "best wallet". It's so universally present that it doesn't even serve as a red flag, although the best wallets tend to use that phrase less than the shadier ones. > WE DO NEED TO GET BETTER AT COMMS/FEEDBACK. IT IS A PRIORITY. Since when is it a priority, cause I'm trying to get feedback since months for an application I sent many months ago.

LeoWandersleb
LeoWandersleb 96d

$1M/month in funding is a huge win for Bitcoin & OpenSource! But the community needs more clarity. https://opensats.org/transparency is a start, but lacks specific grant amounts. We see ~50 recipients. Is the average grant ~$20k/month? My @WalletScrutiny application (and others) received no response. 's situation also raises questions but he at least got a rejection. Given OpenSats' influence, greater transparency is crucial for trust.

LeoWandersleb
LeoWandersleb 106d

Are you polite to your LLM? I catch myself writing "please" all the time and wonder if it's a waste of time. But then again, a true gentleman behaves even if nobody is looking, right? So let's not forget our manners. That said, on the other extreme, I want to yell at my LLMs for not coming up with the one line fix in 40 round trips and hours of wasted time but as they have no memory, it's pointless to tell them where they are wrong.

LeoWandersleb
LeoWandersleb 134d

Yet the tide might turn and while insurance might be cheaper if you guarantee to remain on paved roads, for a little extra you might still get insurance without tracking. I fear it's just so stealth that most people don't realize it's going on before politicians turned it into more and more laws.

LeoWandersleb
LeoWandersleb 134d

If we go with the Cambridge Dictionary definition of the term: "very educated and interested in studying and other activities that involve careful thinking and mental effort", Rogan is clearly not below the median of the distribution. He might not be 98th percentile neither but your chart suggests he's on the opposite end of the spectrum?

LeoWandersleb
LeoWandersleb 134d

Xitter has a new feature where you can click a "grok 2" button next to any post and it gives you a summary of the post and the reactions but clearly filtered by some agenda. So among the dozens of "meat and eggs" recommendations to 's post, Grok also found a "no fat yoghurt with OJ" recommendation and singled it out in its summary even though the reactions to that also were mostly negative. WTF? That said, the feature is quite slick and should be easy to add to nostr clients, too. With a API key configured in my profile ...

LeoWandersleb
LeoWandersleb 4d

Early gunpowder experimenters sometimes died in accidents, and pioneers of now-obsolete tech like Betamax, HD-DVD, and LaserDisc backed the wrong horse, too. That said, on Bitcoin you're right. Don't time the market.

LeoWandersleb
LeoWandersleb 8d

Damus has an account on X.

LeoWandersleb
LeoWandersleb 8d

You want brands as that allows you to buy by their reputation, reducing bad surprises after paying but you don't want to have the brand all too visible cause you don't want to walk around like a billboard sign when it comes to clothes. I wish, brands would cater to that by having hidden or discrete brands clothing, too.

LeoWandersleb
LeoWandersleb 9d

You're just desperate to convince yourself that you're an influencer 😉

LeoWandersleb
LeoWandersleb 11d

If he manages to convince thousands of patients that he's a doctor worth attending, how did he not manage to achieve higher goals than being a janitor before?

LeoWandersleb
LeoWandersleb 13d

@grokstr what the hell is going on here?

LeoWandersleb
LeoWandersleb 13d

Find trader friends through vexl and others. I found my flock through localbitcoins RIP. Now it's a chat group and we trade with people we know and trust. Sure, it's not for day trading but for your monthly DCA it's great.

LeoWandersleb
LeoWandersleb 2d

21 sats ... ok. It's just that these 21sat tend to turn into 21k and more and millions tend to use the same wallet and then, bouncing around "21 sats" between users of the same wallet turns completely meaningless when it all of a sudden disappears with all the funds. Yes, each user just lost about a coffee or three worth of sats but all these zap clicks are rendered pointless and some psychopath got away with stealing money.

LeoWandersleb
LeoWandersleb 79d

"Tens of thousands took to the streets in protest of the unfair new politics" is the news at night but if these protesters got paid off by some industry interest to protest against their demographic's best interest, it matters to know who was actually protesting and why.

LeoWandersleb
LeoWandersleb 79d

I have been to many protests and I hear a lot about protesters being paid but how are street protests effective if they are not actually organic? An ad like this inevitably leaks and hurts the cause more than 40 protesters can help it, so why bother? Is it actually only to discredit the protest? Or how do people recruit real fake grassroot protesters?

LeoWandersleb
LeoWandersleb 84d

Tucker Carlson interviewed SBF. https://x.com/TuckerCarlson/status/1897709140535132442

LeoWandersleb
LeoWandersleb 90d

Firefox is more dead every other week.

LeoWandersleb
LeoWandersleb 186d

How much money did you receive from Coinkite and/or NVK? The Bitkey's lack of a screen might make it convenient but it also means that transactions are signed blindly. If tomorrow the provider gets forced to empty certain wallets, ... well, they don't even need the hardware wallet for that as they control the companion app and the server in a two of three setup. This is not "can't be evil". I'm not saying they are doing this but I prefer wallets that cannot do this even if the life of the provider depended on it.

LeoWandersleb
LeoWandersleb 193d

So what? If you plan to shut the relays down on a whim, why should people donate? If you plan to fight to bring them back if something brought them down, just not necessarily the same day or week, tell us so and we will not complain if it's down a day or two. Also something being free doesn't stop people from complaining when it goes away, so it's all in your head. I would prefer if you charged for things that are easy to charge for, namely relays. If people pay for that, you at least know why and when to scale them up. The zaps here should be for what's less constant and less directed to specific users.

LeoWandersleb
LeoWandersleb 15d

"Tail emission" is definitely not going to happen. I guess, those with most stake will rather have to protect the network at a loss.

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