then why are you worried about routing fees? What are you smoking
I just sent you 42 sats. Make sure to report it as income LMFAO
Words cannot describe the absolute contempt I have for people that think like you do. What an absolute cuck lol
#lightningnetwork #protip #1:
Never set your fees to zero.
Setting your fee rates to zero invites liquidity snipers and also makes your node's payment failure rate go up. Set fee rates appropriate to the peer you are connected to. If it is something like an exchange, set fee rates to minimum 2000ppm. Make people pay for getting access to high demand destinations. Setting appropriate fee rates is the best way to avoid headaches and time wasting.
Hey, #nostr what is the best VPS I can install headless debian on for a wireguard server that accepts bitcoin (preferably lightning) and no KYC? Thanks. #bitcoin #lightningnetwork #technicalsupport
Using my lightning network nodes over the last five years have likely saved me millions of sats in on chain fees. No channel management. No rebalancing. Just using. Having to spend hours "managing channels" a week is a myth.
The elephant in the room is finally being addressed. From Vijay over on x:
"Let's talk Bitcoin and taxes. While discussions about establishing a strategic Bitcoin reserve often generate excitement, the reality is that tax policy will have a far greater impact on Bitcoin's future adoption and integration into the global economy. To understand this, it's helpful to look at historical precedent.
The early internet, a revolutionary technology much like Bitcoin, thrived in part due to favorable tax policies. By creating a relatively low-tax environment for internet-based businesses and online transactions, the US government fostered innovation and investment in this nascent technology. This allowed the internet to flourish and become the ubiquitous force it is today. A similar approach could be transformative for Bitcoin.
A key factor to consider is the impact of the capital gains tax on capital formation. This tax, levied on the profit from the sale of an asset, can significantly discourage investment and economic activity. When individuals and businesses are faced with a substantial tax burden on their profits, they are less likely to take risks and invest in new ventures. This directly hinders capital formation, the process of accumulating capital for investment and growth.
Consider the examples of Singapore and Dubai. Both have experienced astonishing economic growth in recent decades, and a significant contributing factor is their absence of a capital gains tax. This creates a powerful incentive for capital formation, as investors are able to retain a greater portion of their profits, encouraging them to reinvest and further stimulate economic activity. This same principle can be applied to Bitcoin.
Currently, the capital gains tax creates a significant barrier to Bitcoin's widespread adoption in everyday commerce. Every time someone uses Bitcoin to buy a cup of coffee, a new taxable event is triggered. This necessitates meticulous record-keeping and creates a huge accounting hassle for Bitcoin users, making it impractical for frequent transactions. Imagine having to track and calculate the capital gains on every single purchase you make with your debit card!
However, by dramatically reducing or even eliminating the capital gains tax on Bitcoin transactions, its adoption would greatly accelerate. People would be far more likely to use Bitcoin for everyday purchases if they didn't have to worry about the complex tax implications of each transaction. This would unlock Bitcoin’s potential as a truly peer-to-peer electronic cash system and drive its integration into mainstream commerce.
In his first term, Trump promised he would consider capital gains tax reform, yet he left the marginal capital gains rate at 23.8%, almost 60% higher than it was under President G.W. Bush. This was not entirely Trump's fault, because he inherited this tax rate from Obama. Yet, he did nothing to remedy the damage done. In his second term, President Trump has the opportunity to provide significant relief on capital gains. There is no policy proposal that would turbocharge US growth, and accelerate Bitcoin's adoption more than an abolition of the capital gains tax. Even a significant cut in the capital gains tax would have an enormous impact.
A strategic Bitcoin reserve, while potentially beneficial for the state through its tremendous growth in value, primarily serves the interests of the government itself. In contrast, a significant reduction in the capital gains tax on Bitcoin transactions would have a far broader and more profound impact. This policy change would directly benefit the entire nation by stimulating economic activity, encouraging innovation, and fostering wider adoption of Bitcoin. It would empower individuals and businesses to more freely engage with this technology, driving its integration into everyday commerce and unlocking its full potential as a tool for economic growth and financial freedom."
we need to be more vocally against SBR
The SBR is not good and if you praise it you are either a selfish piece of shit or just ignorant. I can't take it anymore.
LND: Blinded Path Enabled BOLT 11 invoices
CLN: BOLT 12 invoices with no blinded paths
Eclair/Phoenix: BOLT 12 WITH blinded paths
The major implementations aren't really interoperable with the privacy tech and that's super annoying. Hopefully 2025 clears this stuff up.
#bitcoin #lightningnetwork #nostr
Should I start doing sovereign Lightning Node running AMAs on zapstream or nostrnests a few times a week ? Would you come? #bitcoin #lightningnetwork #nostr
I will forgive for now, but as soon as SBR is in place, this is the next thing that needs pushed for hard.
If you are 100% bitcoin you kinda need to use it to live. If you arent using your bitcoin that implies you have fiat to spend which means you could be holding more bitcoin than you currently do which means you are short bitcoin.
Anyone out there playing #pathofexile2 ? It's pretty awesome. #nostr #gamestr
So you hold fiat? If you hold fiat you are short bitcoin.
You don't think it's just a little suspicious that the big SBR influencers arent even trying to reduce or eliminate taxes for using bitcoin (which everyone says is money) as a fucking money? That legislation should actually be easier to pass than SBR.
?cid=9b38fe91570yxc5ezrs68dq6pbre00p36ffgeumzwqtwljg0&ep=v1_gifs_search&rid=giphy.gif&ct=gThe problem is none of the big influencer SBR shills have even talked about reducing or eliminating taxes. Of course both would be ideal but that's not the point at all.
The US eliminating taxation on using #bitcoin as medium of exchange would be a billion times better than strategic bitcoin reserve, yet all the statist cucks want the reserve more. Makes me wonder.