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Contributing to the Bitcoin Breakdown newsletter

MKBHD says Oneplus 15's battery is so good that it can handle his heavy usage for multiple days

But can it handle Amethyst, YakiHonne, Whitenoise and Primal always running in the background connected to Pokey for notifications, Amber for signing and Citrea for storage with persistent LND and always-on NWC on Zeus for zaps without blowing up?

If it can last one whole day, that's the pinnacle of mobile battery performance.

What's likely coming to LND in the first quarter of 2026 (if not, probably a couple of weeks after that)

Interesting stuff in here

https://github.com/orgs/lightningnetwork/projects/17/views/1

I wake up everyday and scream at the sats in my self-custodial wallet for being institutionally captured, moving away from its cypherpunk origins and being apparently relevant to be traced

They just sit there and do nothing, and I get even more annoyed and enraged like I'm supposed to, like a good little psyop-consumer

Some more recent Lightning-related talks/discussions:

T-Bast of Phoenix wallet

https://youtu.be/RCcmwWqn9Ck

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Lightning Splicing w/Dusty

https://youtu.be/XowFGg-jwH8

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Evan of Zeus wallet

https://youtu.be/gFZx2LVbbB8

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Zucco of PlanB with Roy Sheinfeld of Breez, Marco Argentieri of Ark, Federico Tenga of Bitfinex (RGB rep), Kilian Rausch of Boltz

https://youtu.be/m_QxQXgg86w

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Veronika Kuett of Ark, Roy of Breez and Jesse of Amboss

https://youtu.be/SCdQGuddIBk

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Routing on Lightning with Rene Pickhardt

https://youtu.be/c3AuaHJordg

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Veronika Kuett of Ark Labs with Erik De Smedt of Second (Bark), T-Bast of ACINQ and RenΓ© Pickhardt, Lightning researcher

https://youtu.be/AU52kQz2zIM

Doesn't seem like it here in India

There's increasing awareness among the youth of the ridiculousness of post-independence socialist policies here

Socialism is an outdated, retarded political ideology that's for boomers still stuck in the previous centuries.

The form it takes can vary and take different names and definitions, but the underlying core idea remains the same.

It is also fundamentally incompatible with values that Bitcoiners generally care about - like privacy, free speech, property rights, freedom of trade, sound money, savings, and free markets.

Why?:

Privacy: Socialism involves coercive wealth redistribution in the name of equality, fairness, compassion and social justice. It involves taxation and expropriation of people's income, for which privacy will be eradicated by the government. Taxation and privacy are incompatible.

Free speech: Socialists advocate for the government to take over the means of production. This entails them taking over all the means of producing media and information like news channels, newspapers, social media platforms, websites, the internet, etc. Everything will be claimed to be democratically run. But the reality is, bureaucrats in the 'ministry of communication' will determine what speech is acceptable and not.

Property rights: Not only will your income be taxed, but all your supposedly 'excess' land will be 'democratically' seized by the government, collective or the community. What you use your property for will be determined by politicians, bureaucrats or caretakers.

Freedom of trade: You can't simply just start a business and make profits from it and keep it. The government will have a tendency or desire to run your business and determine what must be produced, in what quality and quantity. The pathway will be cleared to regulate everything and make sure only the acceptable businesses are allowed to run.

Sound money: The government will also take over the means of money production. It will decide what money people use and the acceptable interest rates for savings and loans. You can't simply transact with whatever currency you choose. A committee of intellectuals will decide how much total credit is acceptable.

Savings: And of course, if the government determines that you have too much wealth according to its arbitrary standards, it will call you a 'hoarder' who is not using wealth 'productively'. It will make sure you cannot save, because savings will cause unequal outcomes and opportunities for people.

Free markets: Because you can't save, use sound money or the money that is best for you, engage in the trade that you deem the best for your livelihood, properly own your property and decide how it is put to use, enjoy the complete fruits of your labour, there is little possibility for market prices and interest rates to emerge. The free market will simply be called the 'black market'.

It must also be made clear that conservative protectionism of 'native' and 'local' businesses - big and small, through regulation, tariffs and production subsidies is also a form of socialism.

It means production is subject to the interests and fulfilment of the ends of an arbitrary and collective 'race' or 'nation'.

This is not compatible with the above values either.

Bob Murphy's a great economist.

The way he handles ideas he disagrees with is refreshing - something valuable to observe and learn from him.

Here's a talk by him about government debt:

https://youtu.be/X_aHX0E68Q0

I love discussing Lightning's limitations πŸ˜‚

Solutions to this seem to require soft forks. And we're looking at quite a few years before this situation improves, since even in the optimistic scenario where the soft fork does happen, lightning implementations will have to agree on a spec, start adding features after which wallets will have to integrate them.

For eg, multi-party channels would increase the number of potential self-custodial users but afaik it isn't possible without LN-Symmetry which needs additional opcodes.

Will have to wait till the other issues causing drama cool down before serious discussion about it starts again. Even then, rough consensus would take quite a while. People will definitely need to be convinced that this is absolutely necessary as well.

Side bar: having the opcodes that enable both LN-Symmetry and Covenants would go a long way as the latter helps with making Ark non-interactive as well. Idk if the Ark would actually become workable in a trustless manner without it.

I wouldn't lose sleep over this since the day when 10's of millions of people would opt to use self-custodial lightning is probably a few years away. The tools and infrastructure that can handle even that is still not there yet. There's also the question of whether there's real demand for self-custodial lightning, node and channels and all.

People who used it self-custodially till a couple years ago probably still have a bitter taste from all the force closures and fund losses.

In any case, graduated wallets with trust tradeoffs are pretty good interim solutions to onboard people in the meanwhile.

Replying to Avatar EVAN KALOUDIS

I personally handle the vast majority of the nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 support tickets. It is humbling and helps with direction and project prioritization. I don’t think I’ll ever detach myself from it too much.

nostr:note1udadl4m8ujwz6s9527flw5tcawpxe27w2azvhu243v6hrk5ldv2qmp3tuk

As a user, I love that you do that, for many reasons

And the response time is so short too πŸ™Œ

Support staff play a huge educational role in helping people understand the technology they are using.

Their role is so important that it's almost a social service. I don't know if those who work in that role realize what an important and wholesome job they have, even if it can get insanely frustrating.

It's interesting that those who argue against the market say that corporations are always short-term oriented because they have to answer to shareholders at the end of every quarter. 'You just need to look at the incentives bro', they say.

Okay let's look at the incentives.

1. Quarterly results are mandated by the government if they are a public company. They are technically answering to the government, not the shareholders. They don't have incentives to make their operations and financials public.

2. Smaller listed companies are at a disadvantage because their financial strategies, which give them an edge in the market, are made public, thereby favouring competing bigger players who now have more ability to know how to bleed them dry. There are incentives for larger players to push for more and more transparency.

3. If companies are answerable to their shareholders on a quarterly basis, politicians are answerable to their donors on a 'legislative session basis'. They need to pass the laws. They need to award the contracts. They need to provide subsidies. Because elections cost money to win.

4. Regulators/Bureaucrats are answerable to their families and live paycheck to paycheck and also answerable to the finance ministry on an annual basis when the budget is drawn up. Lot of incentives to get extra suitcases of cash to do their job and to increase their scope of work so that they'll get a larger budget allocated to their respective departments. The bigger the budget, the more clout and power they have. The more suitcases they can get under the table as well. Efficient work means lesser allocation, department downsizing and potential loss of job. Less regulations means less suitcases that can be extracted.

And there needs to be a breakthrough in how the latter's ideas are communicated

Bitcoin's been great for its spread as an idea. But it gets too radical even for Bitcoiners to digest it seems.

Most effective rackets are the ones where people don't know that they are actually racketeering but doing a 'public service' for the 'common good'

I'd actually expand the OP πŸ˜‚

So they want healthcare, education and a social safety net, which you think should be paid for by taxation

But they also want privacy, which is not possible as long as there are taxes

But they want companies on the other hand to not have privacy and be fully transparent while being fully regulated which means entrepreneurship is less possible

Also, they want to use the currency that can be inflated and tracked extensively simply because it is backed by the government.

Despite all this, they think corporations are evil and ultimately responsible for all their misery and that governments protect them

I can't even πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

A person wants everyone to have healthcare, education and a social safety net, which he wants to be paid for by taxing people

But he also wants everyone to have privacy, which will never exist as long as there are mandatory taxes to be collected

At the same time, he does not want privacy for certain groups of people who have pooled resources to produce things people want, and wants them to be fully transparent about their operations and finances

Many such cases

The left curve argument is that these market cap measurements for other assets are likely unreliable.

Besides that, to offer a better argument: Not all equities are the same and not all of them are used solely to buy low and sell at a higher price. Can't make a blanket claim like that.

Same goes for real estate, bonds and art/cars/collectibles.

On the other hand, every sat is the same as the other. Gold and fiat money are the only other comparable goods, ie. monetary goods. They are indeed competing in the same market.

I don't personally use this addressable market thing unless people whip out the 'muh diminishing returns' argument.

While we're at it, I'm not a fan of the stock-to-flow and power law models either πŸ˜‚

This is going into the territory of *why* power wins over the market sometimes and vice versa during other times

You say that it's all about incentives. Some argue that it's culture, genetics, history, etc. Others say that it's about the dominant ideas people have. There are those who say that it's an inevitable pattern or progression in society and history. Or that it's divine intervention. Or that it's about the quality of money. Or technological progress. Or the planets.

I can't put my finger on it.

Okay I'll admit that this has some utility to give people an idea about the 'addressable market', whatever that means

But if you think about it, it doesn't make sense 😭

Hypothetically, if I were talking to a boomer with a household to take care of about the importance of privacy, this is how I think he'd reply:

'Companies that I buy electrical appliances from would want to know where I live so that they can send their support staff in case technical assistance is required.

The distributor I buy electricity from will want to know where I live and what my power consumption is.

People who lend to me would want to know what my financials are to assess if I'll pay them back.

People who fix my phones and computers would have to get access to my system. I have to trust them not to mess about.

Law enforcement will need to track those who have stolen my property to retrieve my stuff.

In all the cases above, it's my choice to give up my private data in order to get what I want. I have to trust people not to misuse what they know but that's the risk I'm taking and I'm aware of it. I don't see anything wrong with that.'

I wish we could stop taking that metric seriously. I feel the same way about market cap also πŸ˜‚