Paul Sztorc

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Paul Sztorc

Paul Sztorc

@Truthcoin

Founder and CEO @LayerTwoLabs | Creator https://t.co/IHe4l8yOT4 | Blogger https://t.co/KdoSQm3aD5 | Author BIP 300/301

Connecticut, USA Katılım Aralık 2013
416 Takip Edilen32.1K Takipçiler
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Paul Sztorc
Paul Sztorc@Truthcoin·
Bip300 allows BTC to scale to 8 billion users, with no code changes to Bitcoin Core Try the testnet (play money) now, at: LayerTwoLabs.com/download It also has "zSide" -- a chain where the [sender + receiver + amount] of the transaction are all encrypted
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Chun
Chun@satofishi·
Most BIP-110 supporters are losers, and their spiritual leader, luke-jr, is no exception. He lost all his bitcoins due to a key compromise. They follow a cult or a religion called Bitcoin Maximalism, which has devolved Bitcoin from a revolutionary economic theory into a performative religion led by “prophets” who fail to follow even the most basic commandments. Bitcoin Maximalism is a cult of losers. By labeling every attempt to scale or enhance Bitcoin’s utility as a “shitcoin” attack, they use religious shaming to hide their intellectual laziness. They rely on toxicity as a shield because they can no longer compete on the merits of innovation. While the rest of the world builds decentralized finance, privacy layers, and global payment rails, these fundamentalists spend their time gatekeeping the “temple,” trading an engineering mindset focused on solving problems for a clerical mindset focused on enforcing rules. Bitcoin must not be a “currency” that is too holy to be used, too rigid to evolve, and led by people who can’t even secure their own keys. Bitcoin must not be a digital cult or a religion.
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Polymarket
Polymarket@Polymarket·
We're excited to announce 'The Situation Room' by Polymarket is coming to Washington, D.C. The world's first bar dedicated to monitoring the situation. 🧵
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Paul Sztorc
Paul Sztorc@Truthcoin·
The dirtiest secret in BTC: Most lightning companies just keep all your money for themselves, at all times Then, they show you a bunch of fake LN invoices, that are never actually used Most people can't tell This tricks people into thinking LN works -- because they "used it" You won't notice, until it is time to withdraw your money (to a real crypto wallet, not controlled by them)
Paul Sztorc@Truthcoin

== The Lightning Dupes == Of those who say: "I used Lightning, it worked for me" , At least 95% of them are being conned (probably 99%). They have no idea what "custodial" means -- they are victims of a fraud. Which they then unwittingly repeat. It was the same with Theranos. This blood company brought visitors in, and had them "use" their blood test machine. Then, while the machine was "working" the visitors were giving a tour of the lab... ...as soon as those visitors were out of the room, Theranos techs came in, took their blood samples back out of the Theranos machine, diluted it, and did the tests on old, traditional Siemens devices. They printed these results and made them appear as if they had come from the Theranos machine. Visitors got these results. Then, having been scammed, they told their friends: "i uSeD tHe DeViCe MySelF ! i'Ve SeEn iT wOrK!" This included George Shultz, former secretary of state -- his own grandson, Tyler Shultz, worked at Theranos and knew about the deception. But his grandfather refused to listen, saying: "I used it myself" If you are being conned, it doesn't matter that you "used something yourself". You are just a Dupe

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tommy
tommy@YungGucciT·
@Truthcoin i don’t think you understand how LN works
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Elon Musk
Elon Musk@elonmusk·
@Dan16676935420 To prevent spam bot attacks, the dislike button will be for subscribers/verified accounts only
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Nikita Bier
Nikita Bier@nikitabier·
The financial incentive to spam on X will decline enormously over the next 30 days and soon be negative.
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Paul Sztorc
Paul Sztorc@Truthcoin·
@itsLIRAN You see it's just something that everyone already knows and understands and already agrees, but is also wrong and misunderstood and in bad faith As usual
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Paul Sztorc
Paul Sztorc@Truthcoin·
The simple (and regrettable) truth is: - lightning doesn't work - those who try to make it work, eventually modify it so heavily that it is no longer recognizable - it has become a self-reinforcing memeplex of lies and wishful thinking - it is best (for Bitcoin) to just burn LN down
Seth For Privacy@sethforprivacy

If you want to get into the semantics battle, sure, but how would you quickly explain it to someone unfamiliar with it? What do you call it? "Non-custodial" is the simplest and quite accurate (if imperfect) label for it that people will understand, and is true except in one edge case (collusion between all Spark Operators and the prior sender). We call Lightning "self-custodial", and yet you can have funds stolen in a plethora of ways, namely: 1. Failing to come online when a fraudulent channel state is broadcast. 2. Not running a watchtower to solve #1 3. Trusting an LSP with JIT channels and making a large payment that gets rugged 4. Flood and loot being used to prevent you from confirming a true state update on-chain Among many other threat vectors. There is always a middle-ground between perfect nuance in every situation, and using a term that gets across 95% of the point and then explaining the trust assumptions whenever you have the chance.

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Paul Sztorc
Paul Sztorc@Truthcoin·
@flowidealism The word "proof" in mathematics, is more accurately rendered as "argument" This is especially amusing when you read the history of "controversial proofs" in math
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Michael Strong
Michael Strong@flowidealism·
I have always believed that success in mathematics is based on reasoning, and reasoning develops most naturally through conversations about ideas, starting with literature and personal experience. Most people think literary discussion and mathematical ability live in separate buildings. But abstract reasoning ability may be developed in the context of literature or human relationships. The bridge is abstraction. When I watch a student move from "here is what happened to me" to "here is a general principle that explains it," they are developing the same muscle that mathematics demands. My conversations about love in Plato prepare the mind for proofs in geometry. My goal in Socratic conversations is to develop the habit of reasoning.
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Chad Master (🐈‍⬛, 🛵) (🍊,💊)
No offense but "counterparty plus" is pretty horrible branding and also not exact accurate either 😅 we didn't pull anything from counterparty's design and they failed for a number of design choice specific reasons - having their own token being one of many. There is a type of POW - opnet nodes (which are also bitcoin nodes) can elect to engage in sha1 epoch mining addresses where gas fees for execution are paid on btc in btc. I'll direct you to this tweet which goes over consensus and the finer points in more detail
Anakun@anakun

No. A based rollup sequences transactions through L1 proposers and posts execution results back to L1 with fraud proofs or validity proofs. OPNet does neither. There's no sequencer, no fraud proof window, no validity proof submitted on-chain. OPNet nodes independently reexecute every transaction from the raw L1 data. There's no "posting results back" because every node derives the same state by running the same deterministic execution on the same Bitcoin transactions. It's closer to "everyone runs the same computation and agrees on the result" than any rollup model. The consensus isn't about who sequences or who proposes. It's about epoch mining, where miners do SHA1 PoW on top of Bitcoin PoW to commit the checksum root that fingerprints the entire state. Now, SHA1 miners do not post the result onchain. They submit their mined solution to opnet nodes that are willing to accept their solutions. Similar to bitcoin core where you submit your solution to your bitcoin core node so it can broadcast it. Now, epoch data must appear onchain somehow right. When you do an opnet transaction, you include something called an epoch solution and optionally (enabled by default), you add about 64 bytes of extra data submitting the proof of a valid epoch solution your node knows about. This gives you a gas discount on your execution. Even if you are not the one who mined the epoch, you contributed to the network acting as a "relay". Miners don't "inscribe" or "submit to bitcoin". That would be a waste of block space. The key distinction: rollups (based or not) have a prover/verifier split. Someone executes and posts proofs, everyone else verifies those proofs. OPNet has no prover/verifier split. Every node executes independently. The checksum root is how nodes confirm they all arrived at the same state. Now to the checksum root question. Yes, a forged checksum is mathematically bound to a forged state. That's exactly why the system works. The checksum root is a cryptographic fingerprint of the entire execution state. If you produce a different checksum, every other node that independently executed the same L1 transactions will have a different one. The forgery is immediately detectable. You can't make a fraudulent state produce the same checksum as the honest state because execution is deterministic. Same inputs, same execution, same checksum. Different execution, different checksum. There is no way to find a collision. If you somehow manage to find a collision.. well, nice, you found a sha256 collision! There are no trust assumptions here. It's cryptographic determinism. Same inputs produce same outputs. No trust required, just math. One more thing on ordering, and this is where MEV resistance comes in. OPNet doesn't blindly process transactions in whatever order Bitcoin miners included them in the block. Miners can reorder transactions however they want for their own profit, that's the classic MEV problem. OPNet eliminates this by rebuilding the transaction order deterministically after the block arrives. Here's how it works: OPNet nodes take all the transactions from a Bitcoin block and build a dependency graph. If transaction B spends an output from transaction A, then A must execute before B. That's the hard constraint. Within that constraint, transactions are sorted by priority fee, highest fee first. This is deterministic because every node sees the same fees. But.. what if two transactions have the exact same priority fee and no dependency relationship? They get tie broken by a deterministic hash comparison on their computed indexing hashes. It's a raw byte-level comparison, so the ordering is always the same regardless of which node computes it. Two transactions can never have the same hash (that would be the same transaction), so there's always a definitive order. The result is... every OPNet node independently arrives at the exact same execution order without any central sequencer, without any miner influence on contract execution ordering, and without any privileged actor deciding who goes first. The ordering is a pure function of the transaction data itself. Bitcoin miners can order transactions however they want in the block, it doesn't matter, OPNet will reorder them the same way every time. That's why it's MEV resistant. Miners can't profit from reordering contract execution because OPNet throws away their ordering and rebuilds it deterministically. Now, I would like to explain you how opnet epoch rewards work: The epoch miner mines a SHA1 solution off-chain and submits it to OPNet nodes. The nodes store valid solutions. Now here's where it gets clever. When a regular user makes an OPNet transaction, the user asks their node for the current valid epoch solution. The node hands it over, and the user's wallet builds the transaction itself, including a reward output that pays BTC to a timelocked address derived from the epoch miner's public key. The user doesn't choose who to pay, it's determined by whoever mined the valid epoch solution. If the user tries to pay the wrong miner or constructs the reward output incorrectly, the transaction is instantly invalid. Every node on the network rejects it. There's no wiggle room. Now what if the user is connected to a malicious node that tries to game the system? Doesn't matter. The user's wallet independently validates the epoch solution using cryptographic signatures and block header proofs. If the node tries to lie about who the miner is or attempts to extract more money from the user, the client catches it before signing. A bad node can't cheat you because your own wallet verifies everything locally. The timelocked address uses CheckSequenceVerify with a 75-block lock. Only the miner who owns the corresponding private key can spend that BTC, and only after 75 blocks have passed. That's roughly 12.5 hours. No multisig. No custodian. No bridge. No middleman. Just a Bitcoin script that says "only this key, only after this many blocks." So the user gets a gas discount for carrying the epoch proof, the miner gets paid trustlessly in BTC locked to their own key, and a malicious node can't game either side. The whole thing happens inside the normal transaction flow. No extra steps, no separate reward transaction, no trusted intermediary. Now you might ask urself.. Wtf is CSV, why the fuck does opnet use CSV everywhere, I see this everywhere in the doc, csv, csv, wtf why....?? OPNet uses CSV timelocks everywhere for one reason. Transaction pinning. Here's the problem without CSV: On Bitcoin, once a transaction is broadcast, anyone who received an output from it can try to spend that output immediately. In a system like OPNet where contract execution can partially revert (the BTC transfer goes through on L1 even if the contract logic fails), this creates attack vectors. Someone could receive BTC from a swap, immediately spend it to themselves at a higher fee, and pin the original transaction so it can't be replaced or rolled back. They got the BTC, the contract reverted, and the other side got nothing. CSV closes this completely. Every recipient address in OPNet is timelocked. You can't spend the output for X blocks after it confirms. This means you can't pin a transaction by racing to spend its outputs. The outputs are frozen. By the time the timelock expires, the epoch is buried, the state is final, and there's nothing left to attack. It's like putting a mandatory cooling-off period on every payment. You received BTC from a swap? Cool, you can't touch it for a while. That window gives the network time to finalize everything. Once the lock expires, the money is yours and the state is settled. No disputes, no races, no pinning. The miner rewards use a 75 block CSV lock. Swap outputs use CSV locks. It's the same principle applied everywhere: freeze the output long enough for finality to kick in, then release. Simple, effective, and it uses a Bitcoin opcode that has existed since 2016. No new features needed. There's one more layer of protection on epoch rewards. Miners don't get paid for the current epoch. The reward output in your transaction actually pays the miner from 3 epochs ago. Why? Reorgs. Bitcoin blocks can get reorganized. A block you thought was confirmed can get replaced by a competing block. If we paid the miner for the current epoch immediately, and then a reorg happened, the epoch solution could change, the miner could change, but the BTC already went to the wrong person. That's unrecoverable, transaction invalid. How do you fix this? You do that by delaying the reward by 3 epochs, the system waits until the epoch is buried deep enough that a reorg is practically impossible. By the time the reward pays out, that epoch's solution is settled history. The miner who actually did the work gets paid, not whoever temporarily had a solution during a chain reorganization and your transaction is always safe. So it's a double safety net. The CSV timelock prevents the miner from spending the reward too early, and the 3 epoch delay prevents paying the wrong miner entirely. Belt and suspenders. Now, one thing people do not understand about OPNet. Partial Reverts. This is one of the most important things to understand about OPNet. On Ethereum, if a smart contract call reverts, nothing happens. The whole transaction rolls back like it never existed. OPNet can't work that way because OPNet transactions are real Bitcoin transactions. Once a Bitcoin transaction is in a block, the BTC moved. Period. L1 doesn't care if your contract logic failed. The sats are gone. So on OPNet, if a contract execution reverts, the Bitcoin transfer still goes through but the contract state rolls back. The BTC moved, the smart contract pretends nothing happened. This is a partial revert. This sounds dangerous, and it is if you don't design around it. That's exactly why reservation system are extremly important for everything that touch Bitcoin and why CSV timelocks exist. This is why Nativeswap work. About miner censorship.. We already covered how CSV prevents transaction pinning. But there's another attack it blocks: miner censorship of dependent transactions. Say you're doing a swap on NativeSwap. The flow is two transactions: first you reserve (lock in the price and commit), then you execute (send the BTC and complete the swap). Without CSV, a malicious miner could see your reservation, then deliberately exclude it from their block while including your execution transaction. Your execution runs, tries to reference a reservation that doesn't exist onchain yet, and fails. The contract reverts, but remember, partial reverts. Your BTC still moved. You sent BTC, got nothing back, and the miner pockets the difference. CSV prevents this because the outputs from the reservation are timelocked. The execution transaction can't even be valid until the reservation's CSV lock period passes. A miner can't skip ahead to the execution without the reservation being confirmed first, because the execution spends a timelocked output that doesn't unlock until X blocks after the reservation confirms. This is what you see on motoswap the "reorg protection". Clever design. The ordering is enforced by Bitcoin script itself, not by trusting miners to be honest. So CSV does three things at once: 1. Prevents transaction pinning 2. Prevents miner censorship of dependent transactions 3. Gives the network time to reach finality. One opcode, three attack vectors closed. All of this is already possible on Bitcoin. We didn't reinvent anything. Nobody did anything like this because the UX is extremly hard to make simple. We did it. One last thing I would like to cover here is, Quantum Resistance. Thats a hot topic on X. Every other Bitcoin protocol relies solely on elliptic curve cryptography for identity. Your Bitcoin address, your Taproot key, that's all ECDSA/Schnorr. If quantum computers break elliptic curves, every address on Bitcoin is exposed. OPNet doesn't wait for that to happen. Every OPNet user has two keys: their Bitcoin Taproot key (the classical one) and an MLDSA key (the quantum-resistant one). MLDSA is a lattice-based signature scheme that quantum computers can't break. It's not theoretical, it's a NIST standardized post-quantum algorithm. Your OPNet identity is your MLDSA key. When you interact with contracts, when you claim tokens, when the network maps who you are, it uses MLDSA. Your Bitcoin key proves you own a UTXO on L1. Your MLDSA key proves who you are on OPNet. Two separate systems, two separate security assumptions. But.. OPNet always require your schnorr identity. Dual key system. So even if one is compromised, both have to be compromised for it to even matter. So even if quantum computers eventually crack elliptic curves, your OPNet identity and contract state are still protected. The Bitcoin layer would have its own problems at that point, but OPNet's identity layer is already built for a post-quantum world. This isn't a future upgrade or a roadmap item. It's live. Every wallet, every transaction, every contract interaction already uses MLDSA alongside classical Bitcoin cryptography. Day one design decision, not an afterthought. OPNet will never have to deal with an upgrade that will introduce some sort of centralisation via zk proof to "fix" the quantum problem similar to other blockchains. And... The clever part is that OPNet doesn't add a second full signature to every transaction. Until the MLDSA signature is consensus enabled (forced), you do not have to include a MLDSA signature on your transactions, only when you expose your identity onchain, all transparently. The MLDSA key is registered once (when you first interact with the network) and from that point on, the mapping between your Taproot key and your MLDSA key is part of the consensus state. Nodes already know the association. You don't re-prove it every time. So there's no bloat. You're not stuffing a 3309 byte lattice signature into every single transaction. The Bitcoin signature handles the L1 validity (is this a real Bitcoin tx with valid inputs?), and the MLDSA identity is resolved at the execution layer from state that nodes already have. Every other blockchain that wants to go post-quantum will have to either hard fork to replace their entire signature scheme (breaking every existing address) or bolt on a second signature layer that doubles transaction size. OPNet sidesteps both problems because it was designed with two key systems from the start. The L1 signature stays small, the post-quantum identity lives in the execution layer, and neither one bloats the other. Anyways this was my 10 minute rundown of OPNet to you. There'r a lot of things I didnt explain here. So what is OPNet? It's not a rollup. It's not a sidechain. It's not a metaprotocol stuffing data into OP_RETURN. It's a deterministic execution layer that runs on Bitcoin as it exists today. No soft fork. No hard fork. No new opcodes. No separate chain. No separate token. Every OPNet transaction is a Bitcoin transaction. Every node independently executes the same transactions and arrives at the same state. The checksum root proves they all agree, and that proof rides inside normal user transactions, not as extra data dumped on-chain. OPNet is not one thing. It's a system of interlocking parts where every piece exists because removing it breaks something. Take out CSV and miners can censor your reservations and steal your BTC. Take out the deterministic reordering and miners extract MEV. Take out the 3 epoch reward delay and reorgs pay the wrong miner. Take out the dual key system and you're left with the same quantum migration nightmare every other blockchain will eventually face. Take out the reservation system and partial reverts let attackers exploit user swapping. Nothing here is optional. Nothing is decoration. Every mechanism closes a specific attack vector, and they all depend on each other. None of this required changing Bitcoin. All of it uses Bitcoin opcodes and primitives that have existed for years. The hard part was never "can it be done." The hard part was designing the UX so that all of this complexity is invisible to the user. You click swap, the rest happens. OPNet couldn't use existing Bitcoin tooling because Bitcoin has no standard. Most of the libraries available were written years ago, are poorly documented, and carry false assumptions. There's no spec to follow, no reference implementation that handles edge cases properly, no agreed-upon way to do anything beyond basic transactions. The foundations simply weren't there. OPNet had to redesign the entire stack from scratch, this is why it took a while. OPNet have its own libraries, its own wallet, its own SDK, its own transaction builder. Not because of ego, but because nothing that existed was reliable enough to trust with deterministic contract execution and real money on top of it. That's OPNet. OPNet is a community of builders who refused to leave Bitcoin for easier chains. OPNet is smart contracts without abandoning the strongest settlement layer ever created. OPNet is the belief that Bitcoin can do more without becoming something else. OPNet is years of engineering so that you can click one button and never think about any of this. We didn't fork Bitcoin. We worked with it.

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LSZH - UASF ₿IP110 🪢
@Truthcoin Are you aware a Lightning Node can be self-custodial ? Anyway I'd rather let them "keep my money" than I'd let it to someone who lies to sell his solution instead
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Paul Sztorc
Paul Sztorc@Truthcoin·
@chadmasterxbt @0xGrug @opnetbtc Why wouldn't you describe it as a "better metaprotocol" -- or a "counterparty plus"? If it is a consensus protocol then that actually implies that there should be reorgs, PoW, a chain tip, etc
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Chad Master (🐈‍⬛, 🛵) (🍊,💊)
1. Execution environment. Counterparty/Omni embedded metadata in OP_RETURN (80 bytes). OPNet encodes calldata in Tapscript and runs a full VM - these are AssemblyScript smart contracts with deterministic execution, not simple token transfers. Allows composable dAPPS and fully programmable assets to be issued on BTC L1. 2. State. Those protocols had no state management. OPNet does. 3. Settlement. Every OPNet transaction is a native Bitcoin transaction. No sidechain, no separate consensus or extra gas token, and no bridge. 4. Composability. Counterparty had a basic on-chain DEX for its own tokens. OPNet has a full DeFi stack -AMM DEX (MotoSwap), OP_20 token standard, cross-contract calls - and a permissionless dev environment which easily allows anybody to build whatever application they desire and issue fully customizable assets. These were all built using OPNets tech stack and deployed live as smart contracts on Bitcoin; vibecode.finance/ecosystem I appreciate the comparisons - it's correct we were inspired by metaprotocol attempts of the past - but the design of this protocol is an advancement and labeled a consensus protocol not a metaprotocol. I am less interested in debating semantics around this label, if you want to label it a metaprotocol you can but these are just some key differences.
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Paul Sztorc
Paul Sztorc@Truthcoin·
@nicoxbt_ Never Ok, here is a brand new LN wallet I just made giftedtadpole183@walletofsatoshi.com Maybe you can help me learn, send some sats
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nico
nico@nicoxbt_·
@Truthcoin have you ever actually used lightning? gimme adress i will send you some sats to try it if you want
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Bitcoin Reef
Bitcoin Reef@BtcCuracao·
You've gone too far with this rhetoric. There are several approaches to LN and your understanding is outdated. Your record skips on the same note. A custodial exchange that allows customers of the same exchange to transfer sats between themselves aren't using Lightning. When they withdraw they're using Lightning. Additionally, Lightning is available for atomic swaps from liquid/ spark self-custody wallets (L2 self-custody). It's the drivechains model in action without changing L1 game theory.
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Paul Sztorc@Truthcoin·
@TheBTCGame The LN wallet should tell you how to find it In fact, it should require a private key (one that was created only by you, and known only to you), in order to make the Funding txn at all (Since one of the 2 of 2 pubkeys must correspond to your private key)
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Paul Sztorc
Paul Sztorc@Truthcoin·
@TheBTCGame Follow these steps to check: 1. Open a "new" lightning wallet, 0 BTC. 2. Fund/deposit/receive some sats to it. 3. Now, try to locate your 2 of 2 multisig "channel funding" txn -- it should be on Bitcoin L1. If you can't find it, then it is fake lighting and you have no BTC.
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karbon 🐺🦊
karbon 🐺🦊@karbonbased·
Had an insane interaction with my electrician where he tried to give me his card and I read it as "we can do this under the table without the company" and then he had to correct me and said "everything still has to go through the company" and I was like "oh then I don't need your card" and handed it back to him
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