80
szarka
80ba3b7745d73bf269d5dad1e9952f3eff851d3f16fc5efb1f052889dea18705
Geek. Bitcoiner. Economist.

I'm not sure this chain survives scrutiny in a world where there's a thick market in fiat-btc exchange and central banks control the fiat supply. It may make some sort of statement, but I find it difficult to believe that there's any appreciable practical effect.

It's fair to say that they are efficient—but efficient in the real world, where there are transactions costs, information asymmetries, etc. The problem is not with the claim that markets are efficient, but with the narrow context of the model of "perfect competition" in which the claim is usually made. This is an important distinction because, given that the PC model assumes away all the problems that markets solve, government planning is also "efficient" in the context of that model, even though anyone with half a brain knows it's not so in the real world.

It's a surprisingly good soundtrack. 👍

The life of a Lightning node operator: being irrationally excited that two channels that have had liquidity stubbornly stuck on one side finally routed a few payments to each other, even though you only earned 3 sats.

Replying to Avatar Start9

By popular demand, Start9 has provided a brief compare/contrast between StartOS and Umbrel.

HOW ARE THEY ALIKE?

Both Umbrel and StartOS dramatically simplify the process of discovering, downloading, and installing services onto a private server, and that is where the similarities end.

HOW ARE THEY DIFFERENT?

**Appearance**

Umbrel uses MacOS's aethetic. The user interface is clean, colorful, and customizable. StartOS offers a functional design with little color or customization.

**Services**

As of May 30, 2023, there are approximately 100 services available for Umbrel, and 40 services available for StartOS. Both offer developer docs that permit anyone anywhere to package anything, and neither is capable of gatekeeping.

**Architecture**

Umbrel itself is an *app* that can be *installed* onto most Debian or Ubuntu computers and virtual machines. StartOS is an *operating system* (Linux distro) that can be *flashed* onto most computers and virtual machines.

**Config**

Services often provide config files, such as Bitcoin's bitcoin.conf. On Umbrel, updating config files requires using SSH and the command line. With StartOS, config files are presented as rich forms, including descriptions, downdowns, toggles, validated inputs, etc.

**Backups**

When it comes to self-hosting, nothing is more important than making backups. With the exception of LND, Umbrel does not provide a means of backing up services. With StartOS, encrypted backups can be made by pushing a button.

**Encryption**

On Umbrel, communications over the LAN are done over plain http. This means that anyone connected to your home WiFi network can trivially steal your passwords and money. With StartOS, communications over the LAN are done over encrypted https.

**Monitoring**

Umbrel does not provide tools for monitoring the health or performance of services. SSH and the command line are needed to view service logs. StartOS offers custom health checks that display service health, and a live screen for viewing service logs.

**DIY Options**

Both Umbrel and StartOS can be installed for free. As an app, Umbrel can be installed on the Raspberry Pi and devices running Debian or Ubuntu. As an operating system, StartOS can be flashed on just about any computer or virtual machine.

**Price**

Both companies offer plug and play devices. Umbrel offers a single device for $700. It has a 2.9GHz processor, 16GB of RAM, and a 2TB NVMe SSD. Start9 offers the same device for $563.

Start9 also has other options ranging from $199 to $1546

Umbrel does offer limited customization of the config files for Bitcoin and LND via the respective GUIs. OTOH, I actually find the way they do it annoying, because it makes maintaining the config via Ansible impossible. Is it possible to configure everything via changes to the standard config files on Start9, or do you have to use the GUI?

Replying to Avatar paulo

Now this classic is gonna be stuck in my head all day:

https://youtu.be/etviGf1uWlg

Memes that hit different when you're a Bitcoiner:

No, *NAT* is a shitcoin, tho. ;)