We no longer measure things in solar revolutions. It’s 784,000 blocktime, the fourth Epoque.
Fun fact: Members of a Socratic seminar are called Elenctics
I think about 6M sats over multiple hops is my record, but others routinely make much larger payments! I’m convinced we’ll eventually make all our transactions off-chain, unless maybe we sell large islands
But as others point out, you don’t need to change anything if your current setup works for you
For zaps, Wallet of Satoshi is really great. You can then move your sats to a self-custodial wallet like Phoenix once they reach a certain amount
Have you noticed how there hasn’t been a Bitcoin block in an hour? That’s because I made an on-chain transaction. You’re welcome
Bitcoin P2P platforms are too easy to launch, and too profitable to be easily suppressed. A true hydra.
Not at all impossible there is a *last* day on which you can buy Bitcoin in most jurisdictions. After that, the only option might be to accept it as payment.
Here’s an idea that will decrease the risks of custodial services, while requiring zero technical changes and minimal adaptation:
- Each custodial service issues a static lnurl-withdraw to each of their users.
- Self-custodial wallets allow these static lnurl-ws to be saved, and periodically (e.g. on startup or each x hours) for any balances, which they then fully request.
To be pro-technology means to be selective in adopting technology.
Yeah at the moment the architecture feels a bit upside down, I’ll either run the full stack myself or nothing. Even just a setup that forward all incoming payments as keysend to a full node would feel like an improvement
Idea: A BTCPay extension that lets you use any Lightning address or LNURLp as a backend.
In the short run, it’s not money printing that determines inflation, it’s the velocity we have to worry about. Once velocity picks up, there’s little policy makers can do to slow it down
A world in which Bitcoin payments are illegal is more scary to those not using it, than those who do
Cherish your work. Say no to the dollar
She’s been watching Rick & Morty without you?
Announcing our noderunners community "Pacific Nodewest." Request to join on Amboss or DM me for an invite to the Telegram group!
https://amboss.space/community/4a8adb4b-3c42-4830-8363-32fab846d1ff