https://media.nostr.build/av/bbc38973c1335f7b8b12a73e5a23cea2bc3da8d1456b0e9b09446019acc790cd.webm#m=video%2Fwebm&dim=360x640&blurhash=%5DDBeOR1gm%2CjDk8%7DI1gw%7Cs8fzmkJn%25NxGWSWTs%3AR-s%3AR%25cE%24iInn%24WZEes8X5jZkEInjEo%23j%5Dflx%5Bn%24RkflWAkXspV%40Wojb&x=bbc38973c1335f7b8b12a73e5a23cea2bc3da8d1456b0e9b09446019acc790cd

https://bitcointalk.org/index.php?topic=2500.msg34211#msg34211

So any statement about "Not your keys not your coins" has to be paired with an alternative solution, or a spectrum of alternatives. What if someone can't fit into the one of the only tens of millions of on-chain transactions per month? What if $35 fees is high for the $200 in bitcoin they want to save?

Is holding your bitcoin on an 11-of-15 multisig (Liquid) okay, in exchange for lower fees, faster block times, better privacy, and some additional features? Depending on the amount, I would say yes. It has trade-offs, though, which have to be made clear.

What about a Chaumian mint? What if an app lets a community in South Africa set up a 5-of-9 multisig run by well-known people in the community who would face consequences if they break trust? And the same app can let a smaller community in Guatemala set up a 4-of-7 multisig? And a bigger multi-country 6-of-11 multisig can be set up as well? It's private, interacts with Lightning as seamlessly as Wallet of Satoshi, and can make in-person payments even when the internet is out briefly. Plus, it can be customized via open source add-on modules by the community running the specific mint so that it can also store private data for users, monitor reserves, monitor health of the multisig keys, run applications like Chat GPT payable in bitcoin per usage, run private DMs and group chats, run apps that show you local merchants that accept bitcoin, etc. And what if a user could, within the same app, seamlessly spread their funds out among a handful of different mints that they know pretty well to avoid having all of their eggs in one basket, and then pull into self-custody when above a certain amount?

Maybe there will be more softforks in the future. More flexible scripting to allow more share-ability of UTXOs, for example. But those require consensus, and they tend to come with some trade-offs or code risks, and so they take time.

Bitcoin is an engineering marvel. But it's not magic. It has limitations, and it has a spectrum of solutions for those limitations at any given time. The best solutions solve multiple problems at once: they add scalability, they add speed, they reduce fees, they add privacy, and they add flexibility/programmability all at once, while still being more distributed than trusting some centralized KYC entity.

Bitcoin is peer-to-peer open source money. But it's not infinitely scalable on the base chain. If it were greatly scaled up on the base chain to fit everyone, then only institutions would be able to run nodes and it would be greatly centralized and thus useless. So the solution, known from the start of the Bitcoin Talk forums, is to build additional peer-to-peer open source layers on top of it, allowing for a range of transaction sizes, a range of speeds, a range of privacy, and a range of programmability, all to serve different users' needs, and without compromising the decentralization and security of the base chain. That's the type of statement that needs to be provided along with "not your keys not your coins" for the full context to make sense.

http://brazerko.com/mixes/XMAS2016.mp3

nostr:nevent1qqsr0umjv95leas8ckeg8wgyfall6t7kll6fggq8mh58j4ls5yzxjvcpp4mhxue69uhkummn9ekx7mqzyzqt5wmhghtnhunf6hddr6v49ul0lpga8ut0chhmruzj3zw75xrs2qcyqqqqqqg67rd2g

https://m.primal.net/HTvq.mp4

#Bitcoin #Plebchain https://video.nostr.build/12b64c20e9298a13c66a56eaa04eb2d525774002ac1cf76c68f490438c94058a.mp4

https://blog.samourai.is/dojo-1-22-0-released/

https://song.link/s/5vQYHMeN7RNy6fmGhps6KS

🌠

#music

#tunestr

#Christmas

#Advent

#Indigenous

#Huron

#grownostr

Thanks for the response!! I had the same experience except with Nicehash. I really like ViaBTC. Took me 2 seconds to set up. The UI is great and just get consistent payouts. I think you can also go Solo on ViaBTC (https://www.viabtc.com/pricing) but have enjoyed the steady sats on PPS+. Im just an S9 miner for fun but seeing my hash, payouts, seeing profit calculator for different miners, viewing overal hash stats for BTC all online or in the app is pretty sweet. Probably will stick with them for now!