Good morning

A short vid for your cup of tea or coffee

nostr:note13tqvfffyjecwqtym8mvdy8qjk5gnf052ay7gmhhv0yafgntn8kus7h9kuv

Bitcoin and the imperfect world

As a Bitcoiner you must accept that the world is imperfect and that Bitcoin is imperfect, it is the only way to win the war, otherwise you will not even win battles.

Why do I say this? I see a lot of lack of pragmatism in the Bitcoin world and a lot of idealism that is useless.

To make it clear, let's assume the extreme case. Bitcoin right now doesn't have a full scaling solution, that doesn't mean it can't be used by everyone, what it means is that it can't be used by everyone with self-custody. In a world where everyone uses Bitcoin and Lightning is the norm, not everyone would have a Lightning channel because technically it would take decades to open all the necessary channels and the fees would be unbearable for ordinary mortals.

This brings us to an extreme scenario where we mostly use Lightning with escrow.

What have we solved? Well, with respect to the previous scenario where we used custodial and forgeable money, we have moved to a model where we use custodial but unforgeable money.

It seems silly but you would have gotten rid of the currency devaluation.

This is the worst case scenario for the future as things currently stand, as Bitcoiner we have to fight to reach the ideal scenario which is money with self-custody and without currency devaluation, but being aware that perfection does not exist and that we will have to accept trade-offs.

What do we currently have? We are going to order it from smallest to largest and we are not going to include anything that is not yet in production.

Custodial lightning - ecash > Liquid - RSK > Non-custodial lightning > Bitcoin on-chain

So what do I mean? That don't rule out any option, use them all, everything is valid because we don't have any magic solution to scale Bitcoin.

GM

Incredibly grateful. Love ya'll 🫂

GM

This is the coolest and most advanced piece of software i have ever worked on. the amount of optimization and engineering that went into this thing is nuts. The beginnings of a nostr browser for all platforms, with p2p and bitcoin wallet capabilities built in.

You won’t have to be a bitcoin or nostr wizard to build the next 100,000 nostr apps.

A future where apps automatically interoperate with each other and have bitcoin+zaps integrated with zero fuss.

A future where users are in control of all their data across all the apps they use.

The only way this will happen is if making a nostr app is as easy as making a webpage with a few lines of code. That is the longterm goal of #notedeck, and we’re just getting started.

hot take: Ray Liotta would've been a better Johnny Cash than Joaquin Phoenix