Avatar
ManyKeys
5143c373df1b548a77d79ec74f27255d129b695b522dfb5bf43498ba4b501df9
Keys, not credos

Block subsidy declining ≠ collapse.

What matters isn’t sats/vB staying fixed, but whether those fees buy enough real-world resources (ASICs, energy, bandwidth) to secure blocks. As hardware and energy sourcing improve, securing the chain requires less in monetary terms, not more.

Security in Bitcoin is dynamic. Miners respond to incentives. If fees dip too low, block space fills up, and fees rise—no central planning required. It’s a self-adjusting market.

As for Lightning exits, closing a channel costs one on-chain tx. That cost is amortized over time and traffic. If the mempool is full, you planned poorly or waited too long. Exit is always possible; it’s just priced like any scarce resource.

And no, #Bitcoin doesn’t rely on “price up forever.” It just needs enough value to outpace attack incentives, which adjust dynamically. Attacks, if attempted, create fee spikes or price surges, restoring the balance.

Bitcoin’s layer 1 is expensive, slow, limited — on purpose. That’s its guarantee. Scaling happens above it, not within it. That’s not feudalism, it’s voluntary hierarchy on neutral ground.

Cheap base layer security through permanent inflation like #XMR’s tail emission isn’t sustainable. It’s just stealth dilution. Bitcoin’s model requires planning, not tweaking. And it’s working, whether you like it or not.

#XMR cultists fear deflation but preach open markets — a contradiction they can’t resolve.

Monero cultists often attack #Bitcoin’s 21M hard cap by invoking the tired trope that deflation discourages spending, thereby preventing rational economic calculation. In contrast, they celebrate #XMR’s perpetual tail emission — planned inflation — as a necessary feature that ensures miners are incentivized and the economy keeps “moving.”

But this is orthodox Keynesian logic dressed in cypherpunk cosplay.

Most of self-righteous twats deserve misery.

The only comforting thought is that everyone is destined to die.

Arguing in favor centralized systems you are, then. My point exactly.

Calling me names? Triggered much? I wonder why? Was it the kyke thing? 😄

RELAX

Answer the question first and I just might entertain you with an answer.

Answering questions with questions like a kyke.

> your daily reminder that John Keynes was in favor of centralized control of the economy

This is what?

What does this mean to you?

Centralized economy means interventionism and this goes against the premise of "no state is the best state".

You can't starve children to death in self-defence, no matter how much you twist the narrative.

Save #Gaza

Being charged means:

1. Concentration of service providers;

2. Network topology effects;

3. Progmatic dependancies.

Making self-hosting easy seems to be the better solution than concentrating disproportionate influence in the hands service providers and centralized hubs. Besides, this was your critique of nostr relay model.

Replying to Avatar Big Bad John

Will nostr:nprofile1qyv8wumn8ghj7urjv4kkjatd9ec8y6tdv9kzumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgqgzx3h have me on RHR to learn about Pubky?

In good faith, for the freedom of the internet?

I think RHR is the one podcast I've not been on yet!

That's a conflict of interest.

You don't sell your Bitcoin for fiat; you exchange it for goods and services.

Many posts about how eth is outperforming BTC and how BTC failed and became a tool for the state rather a tool to end the state.

Influx of some weirdos.., welcome, nonetheless. Enjoy the free expression but don't expect reach.

What is this disenchantment with #bitcoin going on here lately?

#asknostr

I'm thousands of miles away from my servers and I'm still able to zap notes here with the same ease as if I was sitting in the same room.

#bitcoin and #corelightning nodes connected to me by the magic of #nwc and #headscale is pure satisfaction.

Replying to Avatar Azzamo

I see it pings but there are no posts relayed through it to my client. Doesn't it relay posts from the other public relays while filtering out spam?

Go to system settings, developer options and check running services, your gboard is running extra services even when it's without permissions.

I had similar setup with it, but I also had Google play services installed. The Gboard app communicated with google play services without any permissions. If you have installed Google play services and it is rubbing alongside Gboard, it is not such a sure thing that what you type stays on your device.

Anything users find of quality, could be articles, news, art, music and so on.

Speaking of wallets and accounts, when pubky implements zapping? It's crucial for incentivizing good content.

Replying to Avatar Big Bad John

The Lightning Network does not scale.

This is why everyone is building fake centralized hybrid Lightning bullshit and using custodial apps.

There are many reasons for this, here are some.

Liquidity - Each channel requires funding, twice. That capital is frozen until you splice, rebalance, or close. As adoption grows, the liquidity requirement grows quadratically. As on-chain fees grow, cost of using LN goes up while security assurances go down.

Complexity - Complexity breeds centralization. most users do not tolerate the base LN experience. Most devs do not tolerate depending on complex buggy self-custodial implementations. You've practically got to be an entire Lightning stack business to reliably provide a self-custodial product. Costs rise, leading to severe centralization at scale.

Routing - Portrayed as the coolest part of LN, but truly the worst aspect due to liquidity requirements, uncertainty, complexity. Results in hubs, then centralization at scale.

Breaking changes - Constant new complexity requires node runners to always run new, potentially insecure software. New channel types, new payment protocols, all destroy interoperability.

Obscure Hacks Required - If you want to provide a LN wallet or app you need to learn all the weird solutions, like LNURL, misc patches & tools, that people hacked in because LN protocol devs and LN implementation companies rarely care about the user space (probably because it is hopeless). We get weird derivative things hacked into others, like subscriptions into one specific payment protocol, but not into others; or, weird email format nicknames that arent actually emails, and are all implemented in trusted ways. This results in LN businesses and LN devs requiring arcane understanding, and endless patience, in the LN world.

Regulatory trap - Running a LSP business safely requires experienced lawyers for a constantly changing compliance landscape. New hybrid LN services like Spark, Liquid swaps, and taproot-asset edge nodes, will draw regulatory scrutiny the moment something goes wrong, or becomes too large.

Lightning is still cool and useful, but it doesn't actually fix Bitcoin payments at scale, so much as kinda-sorta provide efficiencies as long as you don't actually scale too much...

TLDR?

The concept of a high-frequency bitcoin channel is sound, and proven now.

The concept of a bitcoin-based routing network as an efficiency has not been proven, and, arguably, has failed.

Yes, but the trend of volatility contraction is ongoing.

It's a nice thought experiment, that's for sure.

While we are very excited about nostr:nprofile1qqs8t4ehcdrjgugzn3zgw6enp53gg2y2gfmekkg69m2d4gwxcpl04acppemhxue69uhkummn9ekx7mp07rhc3q, we are also riddled as to the differences between #keychat and #whitenoise.

I'd like a nice comparison table showing the key differences between these two.

#asknostr

That's great, it starts one at a time. I'm more worried about businesses not accepting Bitcoin, and seeing not much of an effort in this direction by bitcoiners.

There's non custodial lightning too, so so of a generalization.

> the likelihood of a Gaza ceasefire (more like the likelihood of stopping Gaza genocide)

Seems it won't stop until they free up the place for a massive real estate project with the third temple of Solomon being at the epicenter of it. In judeo-christian teachings, that's one of the omens that needs to occur. How can it occur of the place is filled up with Muslims and they got their second holiest mosque there?

Well...

...now you know how.

There goes the theory that he was Satoshi—a view frequently discussed in #bitcoin circles.

You simply can’t design a system with supply auditability in mind without public disclosure of credits and debits. Unfortunately, many privacy-focused advocates tend to overlook this. The core problem being addressed here is the need for hard money as an alternative to the arbitrary inflation imposed by central banks. Frankly, privacy alone isn’t enough to solve this; supply auditability is essential.

nostr:nevent1qqswk3rlmsukju33lcvsu69738fff2p8az08ewukja5q3ceaq6fg4hspzemhxue69uhkzem8wghxummnw3ezumrpdejz7q3qtcalvjvswjh5rwhr3gywmfjzghthexjpddzvlxre9wxfqz4euqysxpqqqqqpgsah0hw

It's certainly more resilient, but there's not an evident upside here in sight.

But it's nonetheless a good idea to outsource the processes that are legally of higher risk premium.