Good morning nostr, its time to finish my coffee, then get started with the day. Very humid outside again, and not much of a breeze, so it'll be another hot and sticky day. So I'll try to get my strenuous chores done early. Yall have a great Monday nostr friends, and remember to do your work with a happy heart. #coffeechain #homesteading #countrylife

What’s the best thing you purchased using Lightning this month?

What constitutes medium amounts?

L1 does not support the creation of the hundreds of millions of channels necessary for decentralized lightning usage. Covenants provide shared UTXOs, which helps scale and provide privacy.

Not really. Lightning Network is arguably the only permissionless L2. Everything else is a glorified multisig.

imo Nostr clients shouldn’t have ‘Trending’ sections.

What’s the point, if you’re going to go from being manipulated by one algorithm to another?

L2s can't be explored well because L1 doesn't have the necessary functionality to make development of permissionless L2s simple. 🤦‍♂️

Bitcoin fees are currently only a dollar, but niche programmers are suggesting to change the fundamental nature of bitcoin and increase its attack surface to make it more scalable… for people who don’t necessarily know or understand the trade offs of that scaling.

Scaling is an important discussion, but everything is a trade off. I like many of the scaling discussions, but rushing them is another matter.

It costs me $100 to buy a 1oz gold coin by mail, or to send signed documents internationally in a few days. Verification is expensive.

The idea that global monetary verification should be super cheap inherently comes with security trade offs.

All ideas should be evaluated carefully and come to major consensus. Otherwise change proposers risk a fork war.

IF YOU DO NOT LIKE THE DIRECTION THINGS ARE HEADING. DO SOMETHING ABOUT IT.

TALK IS CHEAP.

Never stamp your seed phrase on metal. If you do, your funds will become easily seizable. #Bitcoin

Only for your life saving cold wallet :

1) Stamp the 12 words in your memory. Regularely repeat them. (Not out loud)

2) Write it on paper but with a small catch that you know. (Ex. Not written passphrase)

3) Store it in a Fire/Water proof safe.

Now, you are fully self sovereign! Congrat!

If criminals want to seize your funds, burn the paper. If you don't have the time, you still have a good chance to keep your funds.