“Improving liquidity provision” sounds so sophisticated.

ELI5: “Fire up the money printers.”

Be prepared when hyperinflation hits, this is the narrative others will start spinning as the world fiat system goes broke.

#bitcoin

#plebchain

I’m definitely still skeptical but wondering if he just became Bitcoin maxi. He said as much in the Spaces last night that we are all Bitcoin maxis now. Whatever he feels about “crypto,” he is giving one excellent use case for Bitcoin.

I get that many think Balajis is just fishing for engagement. Maybe he is. However, his game theory ideas on the future have been fascinating thought experiments.

#bitcoin

#plebchain

Just depends on what you want to use it for? If you expect on routing payments through your node, you’re going to need channel sizes that are larger and good inbound liquidity. If you’re just wanting zaps from Nostr, you can get by with smaller channel sizes.

Correct. You can’t receive any more sats than your inbound liquidity of the incoming channel.

Do each of the blogging platforms accept zaps?

Is demand higher than normal currently?

Why not do both?

Is it just me or did it seem that routing Lightning payments took a little longer to find routes tonight?

#bitcoin

#plebchain

I think this could work

Was in South America and was trying to say “excuse me” (disculpe). Instead I was saying “escupe.” People were very confused to why I was asking them to spit.

True. Have you noticed a higher volume of routing payments tonight?

So, book would be built on trust?

Moved some sats around tonight and had some trouble routing Lightning payments. My guess is that there’s an unusually high volume of people moving sats.

My best advice:

1. Open up a few decently funded channels with trusted peers. Don’t worry about inbound liquidity unless you plan on opening some kind of store or bank with it. As you spend sats, you’ll naturally get inbound liquidity.

2. Utilize Zeus and a VPN so you can control your node away from where it’s located.

Congrats!

I actually don’t think the crux of Balaji’s argument is that crazy. His timeframe seems insane, but isn’t that exactly how something like this will go?

When hyperinflation hits, it will hit fast. Most people won’t be expecting it and will be surprised by it. Just like the COVID shutdowns. We were all caught off guard. Most of the world will be caught off guard with the collapse of the global fiat system.

Many Bitcoiners have tried to time and trade through Bitcoin cycles but there will be a time when it’s too late. Are we there yet? Maybe. But how would you know?

#bitcoin

#plebchain

https://twitter.com/i/spaces/1eaKbrmvLbVKX

He sounded like he had just converted to Bitcoin maxi and is going full orange pill. Maybe he’s engagement farming but his arguments were decent. I don’t believe he proved the timing portion of his thesis, but I don’t think he’s wrong long term.

Balajis space was interesting. Say what you will about the man but you have to have some major cajones to bet $1M. Maybe it’s just expensive advertising but his argument is interesting.

Basically, he said that Powell, Yellen, and others are willing to boldface lie in face of a real emergency. He believes everything they are doing is covering up a larger emergency. He believes that the problem with SVB wasn’t limited there but is affecting all banks.

All of this will serve to allow the Fed govt to nationalize the banking industry thus eliminating private banking while inflating the currency at hyperinflation rates. This then props up the entry for the new CBDC.

He said we all thought hyperbitcoinization would be much more gradual. Shutting down Silvergate and Signature were attempts to close the fiat exits to Bitcoin.

I don’t know if he is right or wrong but it doesn’t take much to convince me to stack more sats.

#plebchain

#bitcoin

Maybe so but he’s making great arguments for Bitcoin maximalism