Avatar
Nyoro~n
13883e40ec1b1940a655fa776ad5d337656a68767968598388148b977e56550f
#bitcoin 🧐 🇹🇼⚡

everything can become simple after enough study and practice! 🥳

.li still works alongside some other mirrors, but it has been weird the last few days 😟

Fairly often, this reminds me when I saw a video of a mantis shrimp striking its prey with enough force to vaporize water reacting to stimuli outside of the visual spectrum.

the idea that some shrimp at the bottom of the ocean had to evolve to see more colors underwater and strike with such force makes me wonder what else is down there and how much humans miss out on.

Lightning is not broken, most of these quotes describe the well-known trade-offs and many users,nodes, services continue to find use cases to make the trade-offs worthwhile. (including zaps!). To say that any of these quotes point to "lightning is broken/failed" is disingenuous, plenty of people (including myself) are comfortable participating in the network daily and see a bright future.

I will point out that Antonie Rirard's demonstration of his "cycling attack" still hasn't happened either, I am eager and excited to see who will attempt such an attack and how the network responds to it.

Hype aside, Lightning works as intended and being able to use Lightning is a useful Bitcoin skill to have (including but not limited to interacting with Coinjoins/Payjoins, Liquid, multi-sig, etc). You'll find yourself more productive learning new skills to get more comfortable with Bitcoin to fulfill your goals and needs.

Bitcoin is less about repeating talking points from "big names" in hopes to sound smarter than others, and more about putting in the time and effort to learn to solve your own problems. Eventually you gotta make your own decisions and run code on your own 🥳

Using lightning you have to consider what you get with those trade-offs, it's not all negative. There are combinations of frequency, duration, and nominal value for transactions that make sense to use lightning as-is already. For example, if a user is constantly making transactions with high frequency, then the "always-on" trade-off isn't much of a factor.

- he isn't the biggest liar, but he's certainly up there and chooses to spend (and continues to spend) lots of time with the largest liars in the space (for example, see Craig Wright). I don't think you can say he's any "better", he's just plain wrong.

- Everything has trade-offs. Lightning allows for settling of off-chain payments at the expense of receiver privacy, hot wallet risk of liquidity, and always-on connectivity.

-MSTR is the first (and remains the only) public company that holds Bitcoin in their Treasury as a reserve asset. MSTR stocks aren't Bitcoin UTXOs and it is easy to validate that. How is it an affinity scam?

-The tools to transact Bitcoin privately are available to you already, coinjoin, payjoin, lightning payments (sender), and even Liquid's Confidential Transactions. If you cared about Bitcoin privacy you'd help any of those projects by using the tools and providing feedback.

- Funny enough, years later LayerTwoLabs can't shut up about drivechains that will never happen (BIP300 is bullshit and has gone nowhere), in other words $3 million that contributes effectively zero to Bitcoin scaling.

- i dont think you realize the role Roger played during the Mt. Gox insolvency. Both him and Charlie Shrem (the Bitinstant guy) hurt a lot of the Gox users by defending an exchange that was insolvent for almost a year, he defended Karpeles with LIES up till the moment of the exchange collapse. Having never taking responsibility for that, Mr. Ver was already on two-strikes for some people -- years before the fork. His track record points to being a bad actor and his string of failed companies in the space point to it also.

-What's wrong with Lightning? It's an open protocol for off-chain payments anyone can use.

-MSTR is certainly more ethical than a pre-mined unregistered security. 72M ETH came out of thin air and was distributed opaquely by the Ethuriyeum Foundation established in Switzerland

-Monero is a shitcoin

-Not that Blockstream needs defending on where their money went, but Blockstream also made a hardware wallet, a lightning implementation, launched a satellite, released liquid functionary code in addition to contributions to open source projects like Electrs/esplora -- Money far better spent than the junk VCs spend on actual shitcoins

Replying to Avatar jimmysong

# "Free" is Slavery

Thae Young Ho is the highest ranking defector to ever have come out of North Korea. He was an ambassador to Sweden and then to England. At the Oslo Freedom Forum back in 2019, I got to talk to him for a few hours, and it's a conversation I'll never forget.

It's rare that we get such a high ranking official to come out of the country to tell us how they operate, but Mr. Thae is one of those people. He was able to enlighten many of us what North Korea's process for the currency revaluation was and why they backtracked. He also told us about how they had to execute someone so that the regime wouldn't get blamed. If you read any works of Rene Girard, that shouldn't surprise you, especially given that it's an atheist country.

## Kim's Rise to Power

But the story that struck me the most was about Kim Il Sung's rise to power. Mr. Thae explained that after being installed as the hand-picked leader of North Korea in 1945, he wasn't that popular. His Korean was marginal as he had grown up mostly in China. His education was a scant 8 years, all of it in Chinese and communist guerrilla tactics weren't exactly beloved by the people. Yet if we look at how he's looked at in North Korea today, he's essentially viewed as a divinity. Somehow, this poorly educated, barely comprehensible puppet of the Soviet Union became the god of North Korea.

So what happened? How did he gain all that power? What did he do to take control? You would think that given what we're generally told about communism that it would be based completely on fear and ruthlessness that consolidated his power. And certainly, there was plenty of that. But according to Mr. Thae, Kim Il Sung relied on something else: free stuff.

## The Cult of Free

Everyone loves free stuff. Think about how popular the free stuff section on your local craigslist is. I'll bet you anything it's the most visited and monitored part of the site and rarely will you find stuff that's that valuable that someone hasn't taken already. It's part of the human instinct to try to get something for nothing and Kim Il Sung exploited it.

As with most socialist/communist programs, the way he won over the North Korean people was with lots of entitlements. They got free health care, free food, free housing, a guaranteed job. They got everything they needed. And with Soviet subsidization, it worked great. People supported him and for a time, a lot of international observers thought that North Korea was doing better than the South.

But there's a darker side to "free stuff." What happens when they run out of a scarce resource? How do you determine who gets it? Say there's medicine that will help two different people, but there's only enough for one. Who gets it?

In a free market, prices help you decide that, and a high price spurs greater production of the scarce resource so that the prices come down. But if it's free, what do you do? When you have a central controller of everything, the answer is obvious. You reward those that are loyal and punish those that are not. Instead of money being your currency, it was loyalty to the regime that was your currency.

## Markets Build Community

Soon, the only people that really got the free stuff were near the top of the ideological hierarchy. Instead of prices determining what you got, it was your perceived compliance and loyalty to the regime that determined it.

In the absence of a market, compliance was what determined who got what. Mr. Thae's point of the story was that there's something sacred about market transactions. Market transactions cause both parties to have obligations to the other. There's a mutual desire to satisfy the other party and it binds us together in a community. That's precisely what they lacked in North Korea and why the regime was so powerful.

It's easy to listen to these stories and think of it as "out" there, that it's got nothing to do with us. But after listening to this story, I started thinking about what stuff I got for free from centralized entities. I get GMail for free. I get Facebook for free. I get YouTube for free. I realized that the cost of getting these things was indeed compliance. In these walled gardens, they can kick you out at any time and that is indeed what they do. The reason why these companies have so much power is because they give you this stuff in exchange for compliance. They give you this stuff to *enslave* you.

## Western Governments

Fact is, there's way more of the communist/socialist system of free embedded in our supposed democracies than we think. Remember during the pandemic how you had to get a vax to keep your job, visit your sick relatives or travel? There were people in the US suggesting that unvaxxed people should be denied health care services. Such tactics really only work when the service is "free." The central controller of the resource extracts its pound of flesh, just not in money. Many governments have gone down this route. We're much closer to communism in western societies than we'd like to believe.

Prices and paying for things are a good thing. They obligate both parties to the trade to satisfy the other. The instinct to get something for nothing is not one that builds civilization. The reason communism has led to tyranny every single time is because the central government ends up with all the resources and wields absolute power through "free" stuff.

Reject free. Pay for value.

I recently watched a documentary called "beyond utopia" which captured some stories of north Korean defectors escaping through China. When describing why they decided to defect even concerning the risks to their family and friends it always comes back to how they weren't part of certain classes and were forced to do so.

The "Cult of the Free" as you described adds another dimension, in addition to the hardships these defectors are those who are either unable or unwilling to exhibit loyalty to the regime 🤔

thanks for sharing

I don't understand why ETH even has an L2, their whole point abandoning the utxo model to go with their account-based one was that L2s like lightning were unnecessary for ETH because settling tokens on ETH and other chains would address scaling concerns.

The term "ETH L2" is an admission in of itself that ETH is useless and has no reason to exist.

The fuck are they doing over there?🤷

I imagine him holding onto his silver and gold coins in one hand clicking through his Bitcoin IOUs on Microsoft Edge on a Windows vista machine

Rich dad, Old dad

Using nostr on throttled mobile data (256kbps) is kinda fun, none of the profiles load so it's just a bunch of npubs and generic profile pics.

Still works, it's not like I can read notes faster than they come in 🥳

Try airvpn sometime, UI is a bit dated but works great and takes Bitcoin 👍