That isn't a valid example. El Salvador is forced to accept Bitcoin because it's legal tender.

Visit El Zonte

The place we failed as Bitcoiners is merchant adoption. I cannot even describe how bad it is, I have all these fancy non-custodial wallets I use and I even contribute to one but I can't use them to spend anywhere because nobody wants/accepts Bitcoin.

i reckon alex gleason is becoming nostr’s most impactful dev- he’s the only person i see that really cares about composability with other protocols, for one, which i think could be nostr’s greatest strength.

even right now, this place would be very boring without his work

Are there any 'sub-legal' projects on / being built on nostr lol? 123movies? Sports streaming?

(Not a fed, honest)

Also don't answer lol

Sigmund Freud, after reading 14 scientific studies claiming cocaine was a safe and effective treatment for morphine addiction, started injecting a gram of liquid cocaine on the daily, which he did for more than a decade. He was also paid by two large pharmaceutical companies to endorse their brand of cocaine.

The original scientific studies claiming the health benefits of cocaine were in a journal owned by ParkeDavis, the largest pharmaceutical company in the world. Who also manufactured it.

What would you do, if you could only use C, Go, and Limbo for all future development?

I paid $300 for a meal that snuck seed oils in on me and now I have excruciating heartburn I want to fucking murder somebody

What is the popular nostr web client? I started on Astral, and then Snort. Is Snort still a thing?

The #1 depressant is low nutrition cooked food.

Ones body has to continually work hard to break down food covered in plant wall or denatured by heat, for poor returns.

When ones body must grind, then you must grind at work, grind at relationships, for years, depression is inevitable.

Do what ever you have to, to find free range organic eggs and meat. Eat it raw.

Search like your life depends on it.

What’s wrong with hating drivechain? Lol

nostr, a protocol for the left-of-the-curve midwits like you and me

“We should change Bitcoin now in a contentious way to fix the security budget” is basically the same tinkering mentality that central bankers have.

It begins with an overconfident assumption that they know fees won’t be sufficient in the future and that a certain “fix” is going to generate more fees. But some “fixes” could even backfire and create less fees, or introduce bugs, or damage the incentive structure.

The Bitcoin fee market a couple decades out will primarily be a function of adoption or lack thereof. In a world of eight billion people, only a couple hundred million can do an on chain transaction per year, or a bit more with maximal batching. The number of people who could do a monthly transaction is 1/12th of that number. In order to be concerned that bitcoin fees will be too low to prevent censorship in the future, we have to start with the assumption that not many people use bitcoin decades out.

Fedwire has about 100x the gross volume that Bitcoin currently does, with a similar number of transactions. What will Bitcoin’s fee market be if volumes go up 5x or 10x, let alone 50x or 100x? Who wants to raise their hand with a confident model of what bitcoin volumes will be in 2040?

What will someone pay to send a ten million dollar equivalent on chain settlement internationally? $100 in fees per million dollar settlement transaction would be .01%. $300 to get it in a quicker block would be 0.03%. That type of environment can generate tens of billions of dollars of fees annually. The fees that people pay to ship millions of dollars of gold long distances, or to perform a real estate transaction worth millions of dollars, are extremely high. Even if bitcoin is a fraction of that, it would be high by today’s standards. And in a world of billions of people, if nobody wants to pay $100 to send a million dollar settlement bearer asset transaction, then that’s a world where not many people use bitcoin period.

In some months the “security budget” concern trends. In other months, the “fees will be so high that only rich people can transact on chain” concern trends. These are so wildly contradictory and the fact that both are common concerns shows how little we know about the long term future.

I don’t think the fee market can be fixed by gimmicks. Either the network is desirable to use in a couple decades or it’s not. If 3 or 4 decades into bitcoin’s life it can’t generate significant settlement volumes, and gets easily censored due to low fees, then it’s just not a very desirable network at that point for one reason or another.

Some soft forks like covenants can be thoughtfully considered for scaling and fee density, and it’s good for smart developers to always be thinking about low risk improvements to the network that the node network and miners might have a high consensus positive view toward over time. But trying to rush VC-backed softforks, and using security budget FUD to push them, is pretty disingenuous imo.

Anyway, good morning.

What’s the best lightning wallet to use on desktop?

#plebchain #bitcoin #asknostr

semi-unrelated but i’m working on a lil PoW something something rn (powrelay.xyz inc)

Thanks for the reply however it seems to me that the number 1 goal for #tradfi is to keep fiat currency as relavant as possible as long as possible and that only happens when the fiat price of #bitcoin is being suppressed as to not create worldwide fomo into #btc. Haven't you ever wondered how they can express #bitcoin that's truly finite with something infinite.. Especially when the amount of infinite units (dollars) to represent has some of the most positive developments in it's history with growing adoption are going down since November 2021? As I always say:

∞$/21 MM ₿ ≠ $

How does it not affect their invectives if it enables them to be able to extract additional fiat currency beyond what they could by the liquidation of the standard block reward they get today? The largest miners are already part of #tradfi and are publicly traded and they are all likely playing the Wall Street game of maximizing short term profits (mostly in fiat). If drivechains goes through and the 💩 coins start flowing then why would they even care if bitcoin's fiat price was lower since they'd be able to generate fiat from these drive chains? Once you throw in traditional finances seemingly hostile investments in said miners then you can start to see how this could become a slippery slope for keeping the fiat price of #btc suppressed even longer.. at least I do.

How does it not affect their invectives if it enables them to be able to extract additional fiat currency beyond what they could by the liquidation of the standard block reward they get today? The largest miners are already part of #tradfi and are publicly traded and they are all likely playing the Wall Street game of maximizing short term profits (mostly in fiat). If drivechains goes through and the 💩 coins start flowing then why would they even care if bitcoin's fiat price was lower since they'd be able to generate fiat from these drive chains? Once you throw in traditional finances seemingly hostile investments in said miners then you can start to see how this could become a slippery slope for keeping the fiat price of #btc suppressed even longer.. at least I do.

Not false. The BIP doesn't mention atomic swaps. You are assuming a swap is implemented and you have an active swap taker.