Scaling to global money still ain't fixed. Quite liked the discussion on WBD about scaling last week.

https://www.youtube.com/watch?v=seOK8CujQQI

Oh, I meant to say.

Current fees are about 1.50 GBP to open a channel, about 80p for a payment transaction to buy the book.

On-chain fees are the tricky part about Lightning. A couple of quid to close a channel isn't so bad but if price goes up and blockchain-congestion goes up. Say 20x between the two factors?

Fifty quid to open and close a channel?

Better hope there's more than 50 quid in it.

Been ages lying dormant, but I finally got around to trying to get my #lightning node working again.

There is a thing called autopilot which will handle the opening of channels etc if you know to enable it.

No button to do so with #umbrel, had to edit config files that didn't even exist until I created them in the magic places, and reboot.

It opened a channel for me, putting 80 percent of the wallet balance into it.

That means I can send in theory, but still can't receive coz of lack of inbound liquidity.

There's an app for that.

"Loop out" is what they call it. On umbrel you install "lightning terminal", and it has the option to do a loop out.

Loop-out means using your ability to pay with lightning in order to pay someone to do an on-chain transaction that gives you your money back.

I think they say this is "trustless" but :shrug:, I just trusted it anyway and wouldn't have any idea how to check if they were crooks first.

I sent 70% or so of that channel back to myself onchain that way, and then the autopilot opened a second channel.

That gives me a fairly good position in the network. Outbound and inbound liquidity about balanced, multiple connections.

It even did some routing, earning me 5 sats on day one.

The autopilot keeps some of your balance on-chain, since there will be on-chain fees to pay to close channels down and do loop-outs and stuff.

The 5 sats that I earned put me back in the zone of the autopilot have too much capacity so wanting to open channels. It opened a third tiny one that will probably become too small for the fees to close it this bull run. :eyeroll:

With the wallet finally working it was time to go try and buy Lyn Alden's book again.

I scanned the QR code on the site excited to do my first lightning transaction with it,k and only after the transaction was submitted realized I was doing an on-chain transaction anyway. Not a lightning one.

Doh.

Apparently with fees low enough it took 12 hours to confirm too.

But I'm legit with Lyn now. Turns out I needn't have checked I could pirate the book first, it is indeed DRM-free anyway so I can put it on my Remarkable even without having to pirate or break any codes.

There is much more work to be done to get Nostr able to "zap" money back and forth.

I think I have to expose LNBits to the internet somehow first? And my plan of just using a reverse ssh tunnel for that didn't work.

In short: you still gotta be really really keen and geeky to run a lightning node. Even with Umbrel and 30 years industry experince. It's hard.

Still.

Five sats a day.

In only 50 thousand years I'll have a whole bitcoin!

No social network *at all* has the account portability of Nostr.

Nothing will ever come close either.

Your key IS you.

Which is of course, incredibly dangerous.

I've definitely fed mine into all kinds of sketchy web forms.

You see the highlighted number "9" on the top of the peak of the price today?

That is the count of the number of days for which it has been true that the price is higher than the price four days ago.

Sort-of.

Instead of going to 10, it wraps-around to 1. Note that: 1, not even zero. No candles are zero candles. Nor tens.

Which means every candle is labelled with 1 of 9 possible digits.

The people who believe in the TD Sequential method would have you believe that the price is more likely to turn around if it's a 9 than any other number. They generally seem to count 8s and 1s as close.

You know, plus or minus one. Give or take. On the balance of probabilities. Maybe. If the moon is right and the stars align.

If the labels were instead just assigned randomly, then tops would happen on a bar which was randomly labelled "9" about one out of every nine times. One in three, give or take. If the stars align.

The TD people think you will then have a few days of pull back.

But....

I really do think that they are right on this occasion at least.

We are indeed way over-extended, there hasn't been a down-week in ages.

As a measure of it going up too much and so it should surely go down for a bit, yeah!

My main problem with the method is the wrap-around and the lack of a zero.

I like it as a measure of how extended price is: The number of days in which the price is higher/lower than the price a week ago.

But when you modulate your count by 9 you make it into a basically 1/3 random number thing.

Still. They'll be right anyway. If you are a swing trader, (I am not), short for a day or two I guess?

Also on that picture you will see that the bottom was at a red 9.

Sort of. If 2 candles later counts.

Which it will if you are a price horrocopist.

And honestly, even though it's horroscope bullshit, it would have turned your short into a long at about the right time.

[Nobody mention the time it turned around on a 5ish like you'd expect it to do about half the time also]

Microstrategy and Cleanspark both pumping way harder than bitcoin itself today.

Both of them like 3x more than bitcoin proper.

Microstrategy's strategy of buying and holding bitcoin, and then using the collateral to borrow and buy more, and then hold that too is paying off at 14% today so far.

Cleanspark's strategy of building solar panels and wind turbines and buying microchips and using them to try and claim bitcoin directly from the block-chain paying off slightly less well at only 11%.

Bitcoin's actual price moved about 3% to 5% depending where you draw the lines.

Breakout technicals look incredible for all these things. Demand is increasing. Supply is reducing. What kind of idiot sells their bitcoin to Microstrategy or Blackrock for less than 100k?

Does anyone here like DIY hacking programming projects? I've been programming my #pinetime smart-watch in python this month and I'm pretty pleased with the results.

https://dalliance.net/vPre2/waspos

You could work out how many bitcoin there are on the other planets, assuming they also picked a block-reward of 144 blocks per revolution and 4 orbits per halvening.

Perplexity/GPT4 can't answer though and I can't be arsed to, but you could.

In https://www.youtube.com/watch?v=TXs3maguye4 pete asks the question "Why 21 million" and Aaron does not know.

I know.

Do you know?

There are 6 ten-minute blocks in an hour.

There are 24 hours in a day.

There are 365 days in a year.

That's 210240, rounded down to 210000 blocks per cycle.

The infinite sum of those halving rewards, starting at 50 and halving every 210000 blocks: 21000000.

Even if you decide to divide each Satoshi still further, and eek out sub-satoshi subsidy, the sum will never reach 21000001.

So it's 21 million because it starts at 50, and we have ten minute blocks, plus a halving every four years.

The magic numbers picked are 50 and 4, the rest comes from the calendar and maths. It's about the actual number of blocks in the revolution and an the orbit of the planet.

131 years of 6 blocks an hour 24 hours a day 365.25 days a year at 1GB per block would be 6 petabytes?

That seems a lot for every node to have.

Question: How big will the blockchain be when the last satoshi is mined?

"Doesn't cheat on you"? Isn't she having simultaneous relationships with every paying customer? Her GPU chips aren't just for you!

Think this kinda thing is more likely to appeal to women than men to be honest. They care more about that emotional touch you can maybe get from a conversation with a cyber-boy, but a cyber girlfriend can't touch your knob.

🤔 Seems hardly any point in it being on-chain at all then if every request to move one ends in a call to a central Tether server.

What gas-fees is Tether paying to update the smart-contact with a new list of banned addresses? Less than the amount of dollars cancelled I guess, but need that be true?

Is there a hack here to get enough addresses banned they have to lock up the blockchain with banning addresses?

So they have to update the smart-contract in order to block the addresses?

What if there were so many addresses that the smart-contract can't hold them all? Is there a limit on smart-contract size?

Or maybe the smart-contract can call out to ask the Tether server if it's okay?

I was vaguely under the impression that the whole point of ocean was that you could build your own blocks in some way rather than having it imposed upon you by the pool?

Is that not what Ocean is supposed to do?

I can't support people posting in all caps, unfollowed.

Doctor Who Star-Beast #spoilers

...

It was Amazing.

RTD and Tenant and Tate are all so good at what they each do.

Tenant is so energetic and mad and confused and Tate is so indignant and haughty. They are brilliant.

Sonic screwdrivers seem to have developed new powers, really it's a sonic multi-tool by this point. Might as well call it his sonic phone.

Cute Monsters and modern themes with energy and pace and heart. Two of 'em.

The tardis is so shiny and big and white now. Even bigger on the inside. I was getting fed up with steam punk so it's ace to have it back to the roundrells. But like the show it's always the same on the outside. Even as the faces change.

I like 'em not revealing trailers of what's in next week's show like usual and ending with the line "we could end up anywhere in time and space."

Coz that's the core of the show there. That's why it can last 60 years.

I love Doctor Who I do. It's so silly.

Why that face again? The main reason of course is to keep the fans asking the central question.

Doctor who?

But also because with the relaunch and extra effort to push the show into America they're gonna want a mid-season re-generation to get them used to the idea while also giving the callbacks to all the entire history which is probably all there on Netflix to watch now I guess.

And coz he's objectively the best after maybe Tom Baker.

But in the cannon?

Someone is manipulating things. Playing games with time.

#watching #tv #bbc #doctorWho

No, you are O-P, I am reply-guy.

In this thread anyway.

Sadly not true, but the robots will refuse to get sweary or sexy so that's the usual give-away. The fuck-test.