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Chuck Langstrumpf
232950265e7a6eeb1b9ff0b802096ce2f794020d91317ece290eaf06919b4065
Pura Vida!

Please tell me when you found a retard doing this!

None of them would have considered saving their wealth on a public ledger where their enemies can see what they have and with whom they transact.

Only recently people got retarded enough to not understand that.

imagine getting a sentence from a woman wearing a retarded hair-peace, what a freakshow

With no privacy so the surveillance state knows how much everybody has - why should we do that Jack?

I take that as an agreement from Blockstream that WBTC is superior to LBTC.

it was made to be a p2p electronic currency.

scaling with something which does not work well for a normie without a third party is completely against what BTC was made for.

Replying to Avatar GeneBean

No, it’s verifiably backed 1:1 by bitcoin. https://help.blockstream.com/hc/en-us/articles/900001408623-How-does-Liquid-Bitcoin-L-BTC-work

nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n did start it, but it is managed by a group, not just them. Again, I’m not saying hold L-BTC, I’m saying take advantage of its privacy perks on the way to another lightning or bitcoin wallet.

WBTC is backed 1:1 too. 😉

It is "built on bitcoin" like WBTC on ethereum is "built on bitcoin".

Likely WBTC is more decentralized than the Federal

Reserve of Blockstream.

Replying to Avatar GeneBean

Nicely done nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpzpmhxue69uhh2uewwf38ytnzd9hszymhwden5te0wfjkcctev93xcefwdaexwch6ler! For what it’s worth, if someone wants to easily add another layer of privacy while also keeping it super simple, they can fire up nostr:npub1ajlrwgfj4yerhqf7ady03h7wmtk2qr3gs7h3sxcx83k05yld36sswpzx3q and the lightning payment they receive will be automatically converted into Liquid. They can then send it on to where ever they want, be that a lightning or bitcoin wallet or whatever, via a private transaction. Yes, this incurs a small fee, but it’s quite reasonable for the benefits.

LBTC is issued by a federation of companies which earns all the fees and controls the network.

How is this not a shitcoin?

Replying to Avatar Lyn Alden

The other day on Twitter/X, I paid out a 2,100,000 sat or $1,700 USD Lightning bounty.

Over the past couple years, I’ve offered an occasional challenge on Twitter/X.

When people tell me Lightning doesn’t work, I often ask them in random comments for their Lightning details so I can pay them in the next 5-10 minutes on the spot, permissionlessly, wherever they are, with this payment method that supposedly doesn’t work.

Every single time, they can’t do it. Because they haven’t even tried it. They’re just talking. I’ve done this a ton of times and nobody ever takes the sizable sat offerings.

In Dan Held’s anti-Nostr thread, Mark Jeffrey was critical of Lightning.

Unlike most who I offer the challenge to as 99% sure they won’t take it, I offered it to Mark despite knowing he had a much higher probability of accepting it, since he’s tech savvy and active in the broad crypto space. But in my view, if he accepts, then that’s also evidence on the spot that it works.

He declined my 21,000 sat offer and politely still talked anti-Lightning.

So, I said since I like him, I’d up it to 210,000 sats. He still declined and talked more anti-Lightning. He spoke about how he *wanted* it to work, but the problem just isn’t solved yet.

My inner Nostr Lyn couldn't help it, so I upped it to 2,100,000 sats, or $1,700+ USD, if he would just post a way to pay him on Lightning within the next ten minutes. Nobody had ever taken me up on my challenge, so I pressed to my highest offer ever just to see, out of sheer curiosity. He’s a multi-time published novelist, which with my recent fiction hobby, interests me. So, if there’s someone I want to claim the bounty, might as well be him.

And then you know what? He did. Of course he had a Lightning address.

He went from “want it to work but…” to digging through his past experiences and finding an old Lightning address, within a few minutes. The first person on Twitter/X to accept my challenge.

I paid him 2,100,000 sats on the spot, or $1700+ USD.

He provided a Stike address, so that’s a shout out to nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqywhwumn8ghj7mn0wd68yttsw43zuam9d3kx7unyv4ezumn9wsqzp382htsmu08k277ps40wqhnfm60st89h5pvjyutghq9cjasuh38q7t6dtc who made Lightning convenient enough for Mark, who doesn’t understand or particularly like Lightning, to finally call my challenge and make me have fun staying poor, lol. And it worked flawlessly despite being an above-average sized Lightning transaction.

I then asked Mark if he could identify the sending wallet, but he said he couldn’t. He asked about block explorers to identify the payment, and while I pointed him toward Mempool Space, I highlighted that Lightning tends to make sending privacy pretty good even though I didn’t maximize privacy on this one. I'm not deep into the weeds on privacy tech, so I'm always genuinely curious just to ask "hey, can you identify any privacy leaks here?"

I also asked him if he would have shared his bank details publicly like he shared his Lightning address. He said of course not.

So even if people say “But Lyn, Mark used a custodial wallet”, I’d say that this tech stack reduced his friction and boosted sender privacy.

I think there are still improvements to make of course, particularly Lightning combined with other scaling methods (ecash, Ark-style stuff, and so forth), but it’s a powerful glue that connects a lot of things together.

In addition, when it comes to payments and small amounts of working capital, there is an important “choose your own adventure” aspect. For small amounts, in safe jurisdictions, custodial Lightning is not that big of a deal, like keeping cash in your wallet that is prone to theft or loss. It maximizes UX.

But it’s important to keep pushing hard, keep developing, keep providing capital, to make as many tools as possible available for people that need to maximize privacy and/or self-custody. Not everyone needs or wants those capabilities for every single payment, but they do need the *option* to turn to them when it’s important.

Mark Jeffrey then reached out to chat about fiction. Last year he asked me to go on his podcast to talk about Broken Money, but I fell behind on Twitter/X DMs due to bandwidth constraints and didn’t get back to him. So, after this I got back to him and said I’d be happy to talk about fiction with him to pick his brain, and talk Broken Money on his podcast, and we got one scheduled. 🤝

The example you describe, "receiving funds with lightning" is not trivial at all in a self custodial way.

Even when you open your own channel with an initial on chain transaction, you can not receive funds.

You do not have inbound liquidity.

You have to either spend the amount you want to receive first - or rent inbound liquidity from a third party.

If this is not a terrible user experience, what is?

Lightning only works well when you trust third parties.

This is not a "p2p electronic currency".

It is a permissioned system provided by third parties.

bin perpetual traveler, habe ne homebase in costa rica

When all BTC has is the store of value narrative - Blackrock, Saylor and the US can easily destroy it in a second. Wake up Bitcoiners.

nostr:nevent1qvzqqqqqqypzp7jvlnektfczyg68e0t9cq7mfqlf6z6pks0ldf2mk8nw2l9l4jnyqqsgf8c9dc2uwscptdge7fdp3s3gsav94zr4l85g9zg2madpxcd5cjqwvy5lk