Custodial #Bitcoin Lightning wallet providers can engage in rug pulls and implement a fractional reserve model. This is a ticking time bomb. One day, a custodial Lightning wallet provider goes bust, and people lose their money. Hopefully, it happens sooner rather than later, so people can learn to value non-custodial solutions before it becomes a systemic risk.

Use non-custodial wallets. Check out Phoenix, Breez, Zeus, Blockstream Greenlight.

https://blog.zeusln.com/zeus-v0-8-0-open-beta/

nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n

nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5

nostr:npub1mu7nv2jkaq4xausnn098xc8tp3gzgf2w5r2cj68x8dnns0rktmysnsj5cl

One can envision the base layer of #Bitcoin becoming a base money, with second-layer solutions evolving into a broader form of money. It's probable that there will be far more claims on base layer Bitcoins than the fixed 21 million. The higher the barriers to using the base layer, the greater the odds of unbacked paper Bitcoins being created on second-layer solutions.

S urreptitiously

E xaggerating

C andlesticks

Can't use X because I got suspended for not doing anything there.

Wheat addiction. Gluten affects the same brain receptors as opioids.

Installed LNbits, minted some eCash. It appears that Hal was correct: https://bitcointalk.org/index.php?topic=2500.msg34211#msg34211. I wonder if these eCash tokens from different mints will eventually trade at a discount if people realize there might be fractional reserves backing them. nostr:npub1c878wu04lfqcl5avfy3p5x83ndpvedaxv0dg7pxthakq3jqdyzcs2n8avm nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg

Same applies to custodial lightning wallets. Withdraw these funds to your own non-custodial lightning wallet.

"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash. Most Bitcoin transactions will occur between banks, to settle net transfers. Bitcoin transactions by private individuals will be as rare as... well, as Bitcoin based purchases are today.' -- Hal Finney: https://bitcointalk.org/index.php?topic=2500.msg34211#msg34211

Is it a Bitcoin payment or a WOS ledger entry for a possible paper Bitcoin transaction? Can anyone confirm that WOS does not currently or will not in the future operate on a fractional reserve model? Centralized custodial services employing a fractional reserve model would have a competitive advantage over those using a full reserve model.

Could you make one on linear scale? I wonder if we could find some golden ratios there then.

Yes

Who said it: 'We are nothing if we walk alone; we are everything when we walk together in step with other dignified feet'?

Did some research on the subject. Found that these companies do this already:

https://www.oshi.tech/

https://joltzrewards.com/

https://satsback.com/

Can't understand it. The sun and wind are real. They are not here due to some order or decree.

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

That's why having multiple passports would be great. In case the first one is not accepted, you could provide another one.

Wind and solar energy sources present challenges to the grid, compelling individuals to enhance its resilience.

Is there any knowledge about a straightforward method for B2C companies to provide Bitcoin cashback to their customers? Perhaps a service that facilitates the inclusion of an LNURL withdrawal QR code on their receipts or a similar solution. Could any LNbits extension fulfill this requirement?

nostr:npub1c878wu04lfqcl5avfy3p5x83ndpvedaxv0dg7pxthakq3jqdyzcs2n8avm

nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg

Certain government websites began restricting access once we set up a Tor node. Consequently, I have to use a VPN to get weather updates now.

You purchase tokens from an arcade game site near your home. You have the option to share these tokens with your friends. Additionally, you can exchange these tokens for others issued by a different game site operator in another town. You can also redeem these tokens for cash, as long as the site operator permits such transactions.