I can see that. Competition will be good. Centralization of metrics will defeat the purpose but the big central nodes will have all the data.
Twitter files = preparing for the last war
Building nostr = preparing for the next war
Consumers on Lightning will be incentivized to behave cooperatively. They will be rated as node owners by things like 1) Uptime; 2) Sending Liquidity; 3) Fees; and maybe even the growth of the producers who they have channels with.
Consumers will be trained to behave in a way that demonstrates cooperation in the Lightning ecosystem because they want to be part of the cooperative structures that enable the value trade.
These structures will be Bitcoin’s version of “The Club”. It’s not who you know - it’s how much Bitcoin you want to commit and how much you want to cooperate.
The head on the swivel is a result of Cory surrounding himself with Bitcoiners who demand greatness. That’s a feature and that’s why I think he’s generally a good actor.
But always verify and never trust.
Lightning as a cooperative structure between a value provider and a value consumer:
It’s like putting a bunch of money into a vending machine and then hitting the button when you want to actually spend it. Then pull the return change switch when you want to get the unspent balance of your channel.
The producer can look at his “vending machine” and see that it’s been loaded to provide a years worth of value for 20 people. He can show this to a bank or investor and get further capital funding to expand his operations.
The threat of not getting the precious value keeps the customers in the deal and the threat of losing customers to a competitor incentivizes the producer to keep the food great and to push for capital investment. All incentives are to maintain the cooperative pre funded arrangement as long as possible.
The channel is a structure for cooperative value trade between a producer of present value and a consumer of future value.
In coooeration - the most important factor is both parties sense of the expected time of the relationship. The longer it is, the more cooperative they are - even if they despise each other as people.
Lightning as a cooperative structure between a value provider and a value consumer:
It’s like putting a bunch of money into a vending machine and then hitting the button when you want to actually spend it. Then pull the return change switch when you want to get the unspent balance of your channel.
The producer can look at his “vending machine” and see that it’s been loaded to provide a years worth of value for 20 people. He can show this to a bank or investor and get further capital funding to expand his operations.
The threat of not getting the precious value keeps the customers in the deal and the threat of losing customers to a competitor incentivizes the producer to keep the food great and to push for capital investment. All incentives are to maintain the cooperative pre funded arrangement as long as possible.
The channel is a structure for cooperative value trade between a producer of present value and a consumer of future value.
In coooeration - the most important factor is both parties sense of the expected time of the relationship. The longer it is, the more cooperative they are - even if they despise each other as people.
Lightning as a cooperative structure between a value provider and a value consumer:
It’s like putting a bunch of money into a vending machine and then hitting the button when you want to actually spend it. Then pull the return change switch when you want to get the unspent balance of your channel.
The producer can look at his “vending machine” and see that it’s been loaded to provide a years worth of value for 20 people. He can show this to a bank or investor and get further capital funding to expand his operations.
The threat of not getting the precious value keeps the customers in the deal and the threat of losing customers to a competitor incentivizes the producer to keep the food great and to push for capital investment. All incentives are to maintain the cooperative pre funded arrangement as long as possible.
The channel is a structure for cooperative value trade between a producer of present value and a consumer of future value.
In coooeration - the most important factor is both parties sense of the expected time of the relationship. The longer it is, the more cooperative they are - even if they despise each other as people.
Lightning as a cooperative structure between a value provider and a value consumer:
It’s like putting a bunch of money into a vending machine and then hitting the button when you want to actually spend it. Then pull the return change switch when you want to get the unspent balance of your channel.
The producer can look at his “vending machine” and see that it’s been loaded to provide a years worth of value for 20 people. He can show this to a bank or investor and get further capital funding to expand his operations.
The threat of not getting the precious value keeps the customers in the deal and the threat of losing customers to a competitor incentivizes the producer to keep the food great and to push for capital investment. All incentives are to maintain the cooperative pre funded arrangement as long as possible.
The channel is a structure for cooperative value trade between a producer of present value and a consumer of future value.
In coooeration - the most important factor is both parties sense of the expected time of the relationship. The longer it is, the more cooperative they are - even if they despise each other as people.
I think Cory is an honest actor using his platform to push his view of the world.
That said - this is an L. I think Swan will get through it and be better but people should be aware.
There’s some shade being thrown at Swan right now over Prime Trust. I started becoming a bit adversarial towards them (mostly Cafe Bitcoin) after this particular episode back in November. I saw them as using their podcast platform to make everyone not worry about Prime Trust when there was every reason to worry.
Swan is one of the best Bitcoin companies we’ve ever had but still gotta keep an eye on the signal.
https://podcasts.apple.com/us/podcast/the-caf%C3%A9-bitcoin-podcast/id1607438100?i=1000584983351
Apple clearly thinks, incorrectly, they can shut down Nostr. Fucking noob morons. We’re gonna read about the Damus war in our history books:
This is gonna be a big L for the visionaries who haven’t innovated a thing since Bitcoin was created.
It’s no consolation but Apple validating that zaps have value on or with all of its other commerce is enormously significant. nostr:note14vfvfnt8ynlp4qj2fcdt5t28judjypdnth83swmdhlythryw2seq2nuuh6
How does Bitcoin fix markets? Pay attention.
A UTXO on-chain requires no attention. It’s literally designed to live freely and preserve its value even if the owner becomes unconscious for decades.
A UTXO sent to a Lightning channel requires 24/7/365 attention and is designed to require such attention to preserve trustlessness.
Bitcoin and Lightning redistribute human attention from saving to spending and consuming, where they can be best used by a market to discover prices.
Not gonna lie - I like some of the AI bots here and actually want to hear from them.
https://m.youtube.com/watch?v=zKUpf1Vx0vs
Be well brother!
Objectively - the US, under Joe Biden, actually turned into every bit the authoritarian nightmare that I and many feared Trump would take it.
Seeing this goes a long way in curing TDS. Now it’s Woke Derangement, Covid Derangement, Climate Derangement and a seemingly endless set of vectors that people gravitate towards.
Trump did many good things. Some were even on purpose. It was difficult but I’m stronger since finding Bitcoin - I can handle it again. Might actually let myself enjoy some of it.
The first podcasts I fanboi’d were in 2008:
Smodcast (Kevin Smith)
Mohr Stories (Jay Mohr)
Comedy Bang Bang (Scott Auckerman)
They led me to do stand up comedy and learn what it is to write and perform.
I was a hopeless woke and Trump-deranged. But then I turned off my TV and deactivated my Facebook account. I started reading books every day. 11 months later I found Bitcoin and that led me to Mises & Rothbard & Hoppe.
Wokeism and Trump derangement were my mid-life crisis. I now host a podcast and a blog. I write and speak to create a force-field of signal around me.
Some people need to stop the bleeding before they can resist authority productively.
Have we discovered the source of #[2] ? This is a great development and I highly recommend everyone listen to #[1] and#[3] discuss AI on Guy’s new pod. https://fountain.fm/episode/BwHmGsVCKuibs8w7ceEt nostr:note13sevtv74a2pm7dx9r9exvp9hulq0uhw8hhyf4p6zadff35vch6tsq2kvu6