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All models are wrong, some are useful

The zaps notifications are broken. I think the LN wallets have to support NIP57 to get the full “Zap” functionality with verification. Currently Strike doesn’t support this, not sure what Luke uses either.

Welcome to NOSTR Luke!

KDE Plasma 5.27 is clean AF!

Once the clients get a little more refined and the relays develop more resiliency and expanded feature sets I think Hypernostrization will start to pick up steam.

Replying to Avatar Derek Ross

Proud parent moment. My son wrote this article for a school assignment. 🧡 (Any Zaps earned on this post will be sent to his Muun wallet.)

What is Bitcoin?

There are only 21 million bitcoins. Currently, the price of each coin is worth 23K, but the real price is infinite.

Bitcoin is a digital currency, which means that it exists only in digital form. It was created in 2009 by an anonymous person under the name of Satoshi Nakamoto. Bitcoin is not backed by any government or central bank, and its value depends entirely on people’s belief that it has value.

Bitcoin works on a blockchain, which is a public ledger of all transactions that have ever taken place. The blockchain is distributed across many computers so no single party can control or manipulate the system. Each transaction must be verified and approved by the network before it can be added to the ledger.

Bitcoin is a digital currency, which means that it uses no physical money to be transferred. Bitcoin is decentralized, meaning that there is no central authority or bank that controls the money. Instead, all transactions are made through a peer-to-peer network of computers.

Bitcoin is a digital currency that can be used to buy goods and services or held as an investment.

What is bitcoin mining

Bitcoin mining is the process by which new bitcoins are created. Mining requires special computer hardware and software as well as knowledge of technical specifications. Miners compete with each other to solve a puzzle which is 67 digits long in order to verify transactions and earn bitcoins for their efforts. This process also creates new competition among miners.

Mining started out as a way for early adopters to get Bitcoins at no cost but has since evolved into a business with specialized hardware and large-scale operations that consumes lots of energy.

Why is bitcoin better than banks?

The idea behind bitcoin is that it should have no centralized authority like a bank or government controlling its creation or its value. This decentralized nature makes bitcoin appealing to some people who don’t trust banks, governments, etc.

Bitcoin is better than banks because banks can print and make their own money out of thin air. This makes their currency worth less. Bitcoin has a fixed amount and will only get more value over time because it is digitally scarce.

Bitcoin is good for the world because it allows people to save that were never able to save before.

Zap for the kids

I'm not big on the retail/commercial holidays especially V-day; decided to shake things up this year and surprise the misses with some home cooked goodness. Local grass fed & finished top sirloin stuffed with organic garlic and jalapenos, montreal dry rubbed, cooked medium rare. Blanched some organic asparagus and softened some couscous to accompany the main course:

https://void.cat/d/DWA8EzRKzzwGWMqY6qip6S.webp

https://void.cat/d/TA3f6JNTznKJHYGYgcMcBq.webp

I think it's been this way for over a year now.... Strike is pretty ridiculous, they also only give you account statements by the month which makes taxes a nightmare; apparently you can "request" a yearly statement by emailing support, ridiculous they do it that way though.

Strike doesn't allow you to receive BTC and it remain in BTC. When you request it will generate a lightning invoice for the amount in dollars converted to sats, that amount will then be auto-converted to dollars upon receipt. You can send L1 sats out from BTC balance but not receive L1 or lightning funds and have them remain as sats. You can however go buy sats with the $ received over lightning and converted.

The problem is there’s not a non-custodial solution for lighting wallets. Muun uses submarine swaps which incur on-chain activity which will become more expensive with time. Even with lightning you still need to rebalance channels and add/remove liquidity which happens via L1

We will see, currently a bear market and not much usage before ordinals; I’m skeptical that fees will remain low as more non-transactional data fills the mempool.

100% going to be a fork war, and I’ll be on the P2P electronic cash side. I got into bitcoin to enable financial freedom for people everywhere and to bank the unbanked. Not to subsidize monkey jpegs on the blockchain forever so some VC can get rich. 3rd world users are going to get priced off main chain before the technology is ready to support non-custodial lightning. Fucking disaster unfolding in real time.