We are different beings when we haven’t eaten for days.
But also, free market dynamics imitate the high stakes consequences of the natural world. Hierarchical structures are certainly common in herd dynamics, but amongst predators, tribalism prevails.
There is no right way, but there is a right way for you. Whatever you choose, go all in. I choose my family (tribe). I generally wish everyone well now, but when we reach mandibles, I will knock your ass out for a can of beans.
(1) Quite a many hive organisms prioritize the group over the individual.
(2) The cells of every multicellular body do the same: Prioritizing individual contributions to the whole over individual survival.
Cells literally undergo programmed cell death to benefit the whole.
The exception would be cancer where the cells prioritize their own survival over that of the whole.
the new Bank Term Funding Program allowing banks to "loan" bonds to the fed at par despite their mark to market decline is just another name for QE infinity.
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm
we have now entered the last level of the game.
this is the most difficult and longest level.
🪖
boss fight up next
25 billion doesn’t sound sufficient given that most banks will have exposure to the requirements of Dodd-Frank.
Is this just misdirection to prevent banks getting run?
Wrote a bash script for calling ‘bos rebalance’ to balance channels. The strategy is to work in smaller incremental steps (5% of channel capacity) at a fee rate limit 25% discounted to my dynamically scaled lndsfeesmanager set fee rate for that 5% incremental block. I could see losing some delta on larger htlc’s but in general I think the strategy is workable.
If you, like me, were impressed by the legal discussion on Bitcoin Magazine podcast this week, here is the man to follow: #[0]
Hi, orange-crush lightning node is joining the #zerobasefee revolution. Still need to two confirmations:
https://amboss.space/communityRequest/7c0e447e-0fc0-4e01-b14b-df7512cd6821
#nodestrich #lightningnode
Honestly I don’t begrudge them for recognizing an existential threat to their rat way of life.
2023- Dodd Frank CPA 🫧
It will take a while for normies to see that:
bitcoin ≠ FTX
bitcoin ≠ crypto
bitcoin ≠ silver gate
bitcoin ≠ security
Bitcoin wins when we use it, NOT because we hoard it. When bitcoin serves the role that fiat was meant to, then their perceived respective values will flip.
Stay humble, stack sats, spend sats, and build on bitcoin.
Also set have the fee rate rounding to the nearest ten so the updater can run on 1minute intervals but push gossip less frequently.
Hi nodestriches I modified gitlab.com/nolith/lndfeesmanager to give a linear scaling of fees based on their distance from your remote and local imbalance thresholds: https://gitlab.com/pvorangecrush/lndfeesmanager
Question: what frequency of channel updates would most lightning nodes consider acceptable? Don’t want to be seen as spamming the gossip channels, but also would like to avoid my channels getting wiped without raising outbound fee rates.
#lightning #lnd #nodestrich
Added an updater to set max_htlc_size to current local channel balance rounded down to the nearest 100 satoshis.
The half-ass effort by the US govt. to dump $200m in bitcoin onto Coinbase a day before the bank runs started show how desperate they are to keep Bitcoin contained.
Hi nodestriches I modified gitlab.com/nolith/lndfeesmanager to give a linear scaling of fees based on their distance from your remote and local imbalance thresholds: https://gitlab.com/pvorangecrush/lndfeesmanager
Question: what frequency of channel updates would most lightning nodes consider acceptable? Don’t want to be seen as spamming the gossip channels, but also would like to avoid my channels getting wiped without raising outbound fee rates.
#lightning #lnd #nodestrich
Meanwhile, 
Rising interest rates are going to expose many, many bad bets. First of many banks to fall.
Can’t be easy HODLing when it’s other people’s money, and I’m sure their feedback is frequent. Wish you all the best.
I think the US gov tried to hammer bitcoin price in the run up to scare sheeple from running the banks to get bitcoin.
Incredible good fortune for bitcoiners that a government that intimately knows the declining value of its fiat currency would sell its hard currency in exchange for more of that which it can print itself