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Hunter ₿eaṩt
000000000332c7831d9c5a99f183afc2813a6f69a16edda7f6fc0ed8110566e6
Developer - #Rust, #Bitcoin, #LN, #RGB, #BitMask, #Carbonado 🏔️🦁
Replying to Avatar Hunter ₿eaṩt

I'm probably a more die-hard Bitcoin maxi than people seem to think. I firmly believe Bitcoin will eventually have to replace all other money and forms of value settlement. If someone wants to buy anything, including silly or harmful things I don't like, in that world, the only good money will be Bitcoin. And with layers, we don't necessarily need to change the chain to do it. People are skeptical, and I can understand that, but that doesn't change my desire to want to make that the reality, nor do I regret all the sacrifices I've made towards it.

After a decade working in tech writing software professionally, I now take jobs where I'd have to work twice as hard for half the pay just so I can work in the industry and spend every productive hour I have towards thinking about Bitcoin and how to make it better. I've delayed purchases because coin was cheap and I'd rather have the coin. I've put myself through development hell building Carbonado because I wouldn't settle for compromises such as using Arweave.

This is the level of conviction the system of fiat and the shitcoiners are up against. And I know they have no chance, because I'm not the only one making sacrifices on this level to make this happen. I can't tell other people's stories, but mine is hardly the exception.

Bitcoin will win because millions risked it all and put their blood, sweat, and tears towards the most ambitious grassroots effort mankind has ever undertaken: Making it so Bitcoin can replace all the money. That won't guarantee it will, but if nobody cares and nobody puts in the work, there'll be no chance that it will.

We bitcoin because we believe in a brighter future, one filled with global egalitarianism and abundant energy, for generations to come. We, the bitcoiners, are all Satoshi.

nostr:note1uyhxpl55n5q0jv89ld469jt7mt02rawmewgmxahtetkmkr29pyvq26tzjf

Replying to Avatar Hunter ₿eaṩt

I'm probably a more die-hard Bitcoin maxi than people seem to think. I firmly believe Bitcoin will eventually have to replace all other money and forms of value settlement. If someone wants to buy anything, including silly or harmful things I don't like, in that world, the only good money will be Bitcoin. And with layers, we don't necessarily need to change the chain to do it. People are skeptical, and I can understand that, but that doesn't change my desire to want to make that the reality, nor do I regret all the sacrifices I've made towards it.

After a decade working in tech writing software professionally, I now take jobs where I'd have to work twice as hard for half the pay just so I can work in the industry and spend every productive hour I have towards thinking about Bitcoin and how to make it better. I've delayed purchases because coin was cheap and I'd rather have the coin. I've put myself through development hell building Carbonado because I wouldn't settle for compromises such as using Arweave.

This is the level of conviction the system of fiat and the shitcoiners are up against. And I know they have no chance, because I'm not the only one making sacrifices on this level to make this happen. I can't tell other people's stories, but mine is hardly the exception.

Bitcoin will win because millions risked it all and put their blood, sweat, and tears towards the most ambitious grassroots effort mankind has ever undertaken: Making it so Bitcoin can replace all the money. That won't guarantee it will, but if nobody cares and nobody puts in the work, there'll be no chance that it will.

We bitcoin because we believe in a brighter future, one filled with global egalitarianism and abundant energy, for generations to come. We, the bitcoiners, are all Satoshi.

note1uyhxpl55n5q0jv89ld469jt7mt02rawmewgmxahtetkmkr29pyvq26tzjf

Replying to Avatar Hunter ₿eaṩt

I'm probably a more die-hard Bitcoin maxi than people seem to think. I firmly believe Bitcoin will eventually have to replace all other money and forms of value settlement. If someone wants to buy anything, including silly or harmful things I don't like, in that world, the only good money will be Bitcoin. And with layers, we don't necessarily need to change the chain to do it. People are skeptical, and I can understand that, but that doesn't change my desire to want to make that the reality, nor do I regret all the sacrifices I've made towards it.

After a decade working in tech writing software professionally, I now take jobs where I'd have to work twice as hard for half the pay just so I can work in the industry and spend every productive hour I have towards thinking about Bitcoin and how to make it better. I've delayed purchases because coin was cheap and I'd rather have the coin. I've put myself through development hell building Carbonado because I wouldn't settle for compromises such as using Arweave.

This is the level of conviction the system of fiat and the shitcoiners are up against. And I know they have no chance, because I'm not the only one making sacrifices on this level to make this happen. I can't tell other people's stories, but mine is hardly the exception.

Bitcoin will win because millions risked it all and put their blood, sweat, and tears towards the most ambitious grassroots effort mankind has ever undertaken: Making it so Bitcoin can replace all the money. That won't guarantee it will, but if nobody cares and nobody puts in the work, there'll be no chance that it will.

We bitcoin because we believe in a brighter future, one filled with global egalitarianism and abundant energy, for generations to come. We, the bitcoiners, are all Satoshi.

Oh god, I accidentally pressed the button 3 times on Damus, #[1]

I'm probably a more die-hard Bitcoin maxi than people seem to think. I firmly believe Bitcoin will eventually have to replace all other money and forms of value settlement. If someone wants to buy anything, including silly or harmful things I don't like, in that world, the only good money will be Bitcoin. And with layers, we don't necessarily need to change the chain to do it. People are skeptical, and I can understand that, but that doesn't change my desire to want to make that the reality, nor do I regret all the sacrifices I've made towards it.

After a decade working in tech writing software professionally, I now take jobs where I'd have to work twice as hard for half the pay just so I can work in the industry and spend every productive hour I have towards thinking about Bitcoin and how to make it better. I've delayed purchases because coin was cheap and I'd rather have the coin. I've put myself through development hell building Carbonado because I wouldn't settle for compromises such as using Arweave.

This is the level of conviction the system of fiat and the shitcoiners are up against. And I know they have no chance, because I'm not the only one making sacrifices on this level to make this happen. I can't tell other people's stories, but mine is hardly the exception.

Bitcoin will win because millions risked it all and put their blood, sweat, and tears towards the most ambitious grassroots effort mankind has ever undertaken: Making it so Bitcoin can replace all the money. That won't guarantee it will, but if nobody cares and nobody puts in the work, there'll be no chance that it will.

We bitcoin because we believe in a brighter future, one filled with global egalitarianism and abundant energy, for generations to come. We, the bitcoiners, are all Satoshi.

I'm probably a more die-hard Bitcoin maxi than people seem to think. I firmly believe Bitcoin will eventually have to replace all other money and forms of value settlement. If someone wants to buy anything, including silly or harmful things I don't like, in that world, the only good money will be Bitcoin. And with layers, we don't necessarily need to change the chain to do it. People are skeptical, and I can understand that, but that doesn't change my desire to want to make that the reality, nor do I regret all the sacrifices I've made towards it.

After a decade working in tech writing software professionally, I now take jobs where I'd have to work twice as hard for half the pay just so I can work in the industry and spend every productive hour I have towards thinking about Bitcoin and how to make it better. I've delayed purchases because coin was cheap and I'd rather have the coin. I've put myself through development hell building Carbonado because I wouldn't settle for compromises such as using Arweave.

This is the level of conviction the system of fiat and the shitcoiners are up against. And I know they have no chance, because I'm not the only one making sacrifices on this level to make this happen. I can't tell other people's stories, but mine is hardly the exception.

Bitcoin will win because millions risked it all and put their blood, sweat, and tears towards the most ambitious grassroots effort mankind has ever undertaken: Making it so Bitcoin can replace all the money. That won't guarantee it will, but if nobody cares and nobody puts in the work, there'll be no chance that it will.

We bitcoin because we believe in a brighter future, one filled with global egalitarianism and abundant energy, for generations to come. We, the bitcoiners, are all Satoshi.

I'm probably a more die-hard Bitcoin maxi than people seem to think. I firmly believe Bitcoin will eventually have to replace all other money and forms of value settlement. If someone wants to buy anything, including silly or harmful things I don't like, in that world, the only good money will be Bitcoin. And with layers, we don't necessarily need to change the chain to do it. People are skeptical, and I can understand that, but that doesn't change my desire to want to make that the reality, nor do I regret all the sacrifices I've made towards it.

After a decade working in tech writing software professionally, I now take jobs where I'd have to work twice as hard for half the pay just so I can work in the industry and spend every productive hour I have towards thinking about Bitcoin and how to make it better. I've delayed purchases because coin was cheap and I'd rather have the coin. I've put myself through development hell building Carbonado because I wouldn't settle for compromises such as using Arweave.

This is the level of conviction the system of fiat and the shitcoiners are up against. And I know they have no chance, because I'm not the only one making sacrifices on this level to make this happen. I can't tell other people's stories, but mine is hardly the exception.

Bitcoin will win because millions risked it all and put their blood, sweat, and tears towards the most ambitious grassroots effort mankind has ever undertaken: Making it so Bitcoin can replace all the money. That won't guarantee it will, but if nobody cares and nobody puts in the work, there'll be no chance that it will.

We bitcoin because we believe in a brighter future, one filled with global egalitarianism and abundant energy, for generations to come. We, the bitcoiners, are all Satoshi.

Mining rewards include both the block subsidy and transaction fees. The subsidy is what leads to inflation, but since it predictably halves every four years and that property of bitcoin has never changed, it is disinflationary. Transaction fees, however, are a consequence of bitcoin as a utility as a medium of exchange, unit of account, and store of value. However, Bitcoin the blockchain, is also useful for performing trustless trade, and timestamping records, and that's always been the case, even before SegWit. The hope is, Bitcoin's utility alone will outpace the necessity for inflation to keep it secure. Just something to keep in mind. But we should never compromise on block size, for if block space is easy to make. blockchains begin to break. And nothing has less utility than a blockchain experiencing network failure. And this is why those who once built on BSV are now buildling on Bitcoin. BRC-20 is the denouement of the Block Size wars. The small blockers won. And fees aren't even all that high; back in 2017, people were paying $100 in tx fees. We've come a long way since then.

789290: 00000000000000000005ce83d7130d8b713a93896bb89d81a4db78a2202c6332

!!!

RFK on Nostr! The man is so incredibly based.

I didn't think I'd be tempted to vote for a democrat again, or vote in general, but I'm a single issue voter. If you support Bitcoin, I will vote for you and just you and probably nothing else on the ballot. I don't care about party. If you're smart enough to get Bitcoin and still want to get into politics (why tho 😹), screw it, ya got my support. Global economic bitcoinization will get so much easier with political support instead of just in spite of politics. nostr:note1k9ev8f6ugdphs7m9jtjdadw64t8fwyqaqj0uh2skys8usf00z3esnxpqel

One thing few realize about software bugs is, the vast majority of bugs are actually just a thing someone hadn't thought to tell the machine to handle.

If an individual truly is highly regarded, they will absolutely take that as a compliment.

#showerthoughts

Absolutely, 100%, and I'm not the only one who thinks so. And it might not do all the work for you, but it definitely makes it easy to have access to working tools. And their support is fantastic, too. They're pricey, but part of what you're paying for is a team of support engineers who can help you when things go wrong. And they sometimes do. They have really good Matrix and Telegram communities that can also help you along.

lol, I have my very first hater, even whipped up the burner key

Don't worry about me, I can afford the fees with all my JPEG money

Good to know... I've already opened the channe, unfortunately. I did open it as a private channel, but they'll still know it's my node. It's okay though, don't know many WoS users anyway.

Of course, but considering that CISA still isn't yet ready, I'd prefer to have had all the progress made towards Taproot support over the past two years instead of the perfect soft fork.

The same could be said of PTLCs, of course. Looking into PTLCs some more, it appears it completely solves the problem of HTLC sweeping because it prevents stuck payments. See:

https://suredbits.com/payment-points-part-2-stuckless-payments/

I expect to see development towards PTLCs grow more mature later this year and into next year. In addition to reducing potential fees for channel settlement, they improve receiver privacy, prevent wormhole attacks, and enable asynchronous payments, which are helpful for mobile and web apps.

Replying to Avatar Hampus

Is it Lightning's time to shine now when the onchain transaction fee is so high?

Well yes, partly.

But please understand that Lightning ceases to work if the fees are too high!

To understand why, let’s go back to the saying that “Lightning is just Bitcoin transactions”.

Yes, this is true. Lightning in the end relies on normal Bitcoin transactions.

So by knowing this, you should have already realized why Lightning under a high onchain fee market is fragile, but let me explain:

The primary problem I’m referring to is the economical viability to sweep HTLCs.

An HTLC is the thing that gets added as an output to your lightning commitment transaction when you are doing Lightning payment.

It gets cleared out by making a new commitment transaction once the payment has goes through.

But the problem here is that if the onchain transaction fee is $100 and the cost of the sweeping an HTLC output is $100, then that means it’s not actually economically possible to redeem these funds.

Under normal circumstances you would never have to force-close and redeem this onchain, but it _can_ happen.

How LN circumvents this problem is by giving the payment amount to miners instead as a substitute for a real HTLC output. Giving the sats to miners means no more bytes are added to the commitment transaction, but it also means that if a force-close happens, these sats will just be given to miners instead.

This was already the case for all smaller payments (21 sats and so on) including virtually _all_ zaps here on nostr.

But for smaller micro-transactions it’s not a big deal if a payments gets lost, because no one would cry over 21 sats.

But if it’s about 210 000 sats, then we’re in a BIG problem if this isn’t secure and trustless.

We need to find a sweet spot for onchain transaction fees and we need more scaling solutions that work together with LN in order to fix this.

My favorite solution is a Lightning Network deployed over multiple Drivechains, fully interoperable, but I’m open for more suggestions. What do you think?

I prefer solving this problem with PTLCs, MuSig2, and CISA. I don't like introducing new blockchains if it can be avoided.

I've been dragging my feet on setting my personal Lightning node up again, but now that on-chain fees are high, I'm just going to have to bite the bullet and open some channels.

Running CLN on a Start9 Embassy Pro, managed thru RTL. Not looking to be a routing node, just want privacy, instant txs, and low fees. Gonna channel into ACINQ and WoS first.

0.6 of https://github.com/diba-io/bitmask-core and also the first production-ready version of https://github.com/diba-io/carbonado-node

We're close, but there's a lot of moving parts to integrate.

People have no idea the amount of pain endured in getting a new release out... I feel like a summoner conjuring a demon from a pentagram hell portal using my own blood, sweat, and tears and lots of rust-scented candles... Not to mention the sacrifices. But if it wasn't hard, it wouldn't be worth doing.