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Eternal vigilance is the price of liberty

Is anyone knowledgeable on EMPs and if that is a real risk we should protect against? I'm thinking how to protect hardare signers from such a threat. For example, are farady bags sold by SLNT or other brands enough to protect against that?

There's a lot to consider. Please check out youtube videos for a more comprehense discussion. I would say think about what is the purpose of your lightning node. If you just want to be able to send and receive, it is fine to connect to a few big nodes.

I'm not sure if there is. But generally, the lightning payment will require sufficent liquidity along the path to/from the Loop node(s).

Replying to Avatar yort

okay, so i spent awhile trying to wrap my head around lightning liquidity, and i need someone to check if i’m correct here:

if i wanted to purchase ~$100 p/week in non-KYC BTC over the lightning network (using Robosats), and then maybe when the balance hits like ~$1500 i’d probably want to move these funds on-chain, mix them, then send to cold storage

now, to do this i think i need to establish a channel with a well connected node and that channel would need about $1500 of inbound liquidity (and i’d probably want to keep maybe $500 in outbound liquidity too, just in case i wanted to spend on lightning more generally)

then, as i buy non-KYC BTC i’ll have that liquidity move from inbound to outbound, to the point where after 15-weeks i’ll have no inbound and entirely outbound liquidity in this lightning channel

what then? i would want to rebalance this channel, so i’d have to use an option like “loop” or “boltz”, where i would send all my outbound liquidity back over the channel, this would switch my $1500 of outbound liquidity to $1500 of inbound liquidity, right?

and then, with these “loop” and “boltz” services they would then send me the equivalent of $1500 on chain BTC to compensate me for moving all my outbound liquidity over (taking some 1% fee or whatever in the process)

then i just rinse and repeat the process?

seems like when they add “splicing” (resizing channels) it would be a bit simpler

i.e. when all the inbound becomes outbound then i can just create a movement for all the outbound to move on chain, and at the same time i can throw some more liquidity into the outbound to refresh it

This is the way I do it. It helps to have a few more channels. Multiple channels also helps with privacy. I loop out once the node liquidity is 2/3 on my side. The default loop out amount in lightning terminal changes it to around 1/3 on my side. The fees are around 0.2-0.3 % in my experience.

When using a money that loses purchasing power constantly, people work, save what is left after expenses, then invest so that purchasing power is preserved.

If someone could choose another system where the purchasing power is constant over time, people would still work, save what is left after expenses, but not feel obligated to invest to preserve purchasing power.

Advantages

people could create more income if desired when there is no need to spend time learning how to invest, paying financial advisors, risking capital in investments that are hard to understand.

the financial economy would shrink, the corruption of the financial interests influencing politicians could possibly shrink

people could work less and have the same quality of life, spending time on things that bring value but not in a monetary sense

If the money acuatally increases in purchasing power over time, the points above are still true. The difference is that, investments will need to have returns that are more than the background productivity growth (increase in purchase power of the money) for the risk-taking to make sense.

Depends on what you are trying to do. If you would like to be able to spend and receive, this approach is fine. If you would like to make as much routing fee as possible, you should try to find sources and sinks of payment flows and try to position to capture that. Of course, these patterns constantly shift.

Testing relay..

The sad thing is they are serving what some in the market wants. However, what is rational is not always ethical.

Check out Nunchuck, there are some options there. Also check out final message or similar services.

Education is needed. After designing your inheritance plan, setup a test wallet (single-sig, multi-sig, shamir secret sharing) then have your beneficiary try recovering. Adjust as needed if it is too hard for them. Practice periodically. This is a pain point right now, hopefully, more polished work flows will exist in a few years.

Human civilization began with the adoption of agriculture resulting in increased population density, specialization, and trade. The industrial revolution resulted in increased urbanization, exponential energy use, and even more specialization and trade.

Everyone is aware of how technology improvements change the lives of the commoner; it could be just me, but I had not thought deeply about how the rate at which technological changes happen may cause damage to the societal fabric and even cause geo-political balance changes.

Not that this is the only factor that caused these events, but places where industrialization took place fast experienced major societal traumas afterwards: Europe - Revolutions of 1848, Japan - Meiji Restoration, China - Great leap forward. Place where the pace was slower had more time to transition - the United States.

Technological upgrades to the economy are good in the long term, but may cause damages to society in other ways that may be unexpected. Not that we have control in how Bitcoin adoption takes place, but It may be a good thing that the pace at which we transition from the current monetary system to a Bitcoin system be slow.

Assuming Bitcoin is the base layer of the next monetary system, countries that transition voluntarily and methodically over decades will fare better than countries that will be forced to transition in a year.

Equities are the largest portion of most normal portfolios

learn about some risks of equities that you may not have thought of

truly insightful

https://vid.puffyan.us/watch?v=8cX1aptP5Io

How 3D Printing Could Decentralize (Almost) Everything by The Hated One

https://iv.ggtyler.dev/watch?v=APyQddFHaXs

reducing supply chain risk on security hardware is the obvious benefit

over the long run, the decentralization of the manufacturing processes will revolutionize our physical world and more