Really down today y'all what a way to get your ass kicked while your down

GN make it a better day tomorrow

That was another thing I was thinking, just to have fiat prices, but then I thought: Would be amazing to just add sats for extra spicy haha

Should I include sats prices in printed menus for a bubble tea shop I am about to open in El Salvador? I am thinking that could be a good idea since of course I am accpting bitcoin as payment, but not sure. Any thoughts?

#asktr #sats

Are any people on Nostr not tribal, not haters?

Yeah surprised so many bitcoiners fell for it

We support a lot of people in the u s of a

Exactly! Boomers were complicit for decades. I’ve experienced their rent seeking selfishness first hand multiple times, just in everyday situations. The majority (80%) are parasites and we continue to subsidize so they can play golf and go on cruises.

While this is really funny (and I haven't watched the pod yet) the tendency to group people into generations can be a red herring.

Blaming our 'elders' or old people in general for what the central banking / government / crime cartel has pulled off is kinda like blaming the last president for every problem we are seeing today.

These issues started hundreds of years ago (maybe 2025 years ago? 🤔) Boomers benefitted from the scam in a big way and also fell for it, but I couldn't possibly blame them considering the level of propaganda they were subjected to.

Why do you believe it's good for Bitcoin?

Lol I'm already seeing people say USDT transfers on Bitcoin are good because it will generate fees for miners, all because the mempool cleared for the first time in ages, like man chill out

> is that validation difficulty in the room with us right now?

No, thanks to the fact that no significant amounts of people use monero. During the stress tests, block sizes went way up. Imagine that for years. I don't think regular node operators on cheap hardware could keep up.

> we should have this conversation when bolt12 is actually widely used

Let's have it now: bolt11 already gives users better receiver privacy than a monero public address.

In monero, the sender always knows the recipient's "real" address (the one on the blockchain) and can provably map it to their stealth address. But in lightning payments, the invoice has to tell you the pubkey of the *node* which received the payment (though you can spoof it), but that pubkey doesn't contain any money. It's like a stealth address in monero, except the sender *cannot* map it to the *real* address that received the money, or at least, not necessarily. There are *some* people who've managed to figure out the receiver's address on the blockchain just from their lightning invoice, but even that information is spoofable. In monero, it isn't. So even in this respect, LN > Monero.

> and channel management isnt only for total nerds

It's already easy to manage channels. Try electrum.

> it is *easier for *more people to get *better privacy on #monero

it is only easier for them to get worse privacy. If they are willing to take the steps to get good privacy, setting up an LN node privately is barely more difficult than setting up a monero node.

> Only a select few can arguably claim they have better privacy on Lightning. Vanishingly few Lightning users are transacting privately and non-custodially.

I do not understand this argument. To me it completely misses the point: I argue that self-custodial lightning has better privacy than custodial lightning and your response is "yeah but most people prefer custodial lightning." So? Who cares if most people prefer something inferior? Why does that matter? *You* (or anyone who wants good privacy) can choose the *better* solution. You are not subject to the choices of others.

> Correct me if I'm wrong but your whole forecast seems to rest heavily on technological advancement remaining stagnant over time. Historically we see the exact opposite.

I don't think my argument relies on that assumption. Making blocks dynamic in size with the hope that someday technology will solve all the problems it brings <-- that seems like wishful thinking. Limiting their size to a small value seems like a far better idea: it pushes adoption of layered scaling while also penalizing spam attacks.

> Dynamic block size means fees will always stay low even with increased adoption

I think monero is pitched between the horns of a dilemma: if blocks get big and fees stay low then it means miners do not have to worry about orphan rates, which means mining is centralized. If blocks get big and mining is *not* centralized the miners *do* have to worry about orphan rates, and that incentivizes them to place *their own* limit on the size of their own blocks so that propagation and validation is faster and the orphan rate is smaller. If that miner-selected limit ever applies, you get the worst of both worlds: rising fees *and* large blocks.

> meaning more sovereign usage and better operability with L2s

You're not sovereign if you're not running a node

> Tail emission means we don't have to roll the dice on tx fees securing our blockchain in the future

You do: monero uses permanent inflation mixed with a fixed issuance of 0.6 XMR or less. Permanent inflation means the XMR issued is designed to constantly deflate in value. So at some point 0.6 XMR will have no material value. It will be worth less than 60 cents of today's money. Consequently, miners will need another source of revenue. You're rolling the dice that one will exist.

Can somebody give me a tldr of why people here are so hyped about #cashu and not #fedimint? Or am I reading the room wrong? #asknostr

Tail emissions coupled with the fact that you can’t 1000% audit the supply makes it unsuitable.

How do you configure it to mine solo and send any ( however unlikely ) bitcoin to your own address?

Thank you so much for the explanation. But isn't that bad for the miners?

What are the deeper implications behind this?

You dont need permission from mint operators you can just ANY mint at any time and or delete any mint you dont want to use.

That's all you. Have you want me to search up the word freedom. How is e-cash a scam?

It’s funny how people pick and choose when to apply personal responsibility.

Anyone on the path cannot see where the payment is coming from

It's also untrue that you can identify payments with a well funded node, if payments don't flow through your node you can't see shit

This note is incorrect on many levels

You still gotta pay attention though.

Were your around when BlueWallet shut down LNDhub node?

Or when wallet of satoshi shut down in the USA?

Or when lifpay went silent on the App Store?

Because it requires me to pay attention to it. I'm trying to reduce brain cycle leakage.

Lightning and ecash are both better for privacy and better for small transactions and can actually scale

Monero has only good principle but no actual viable tech

I have no problem with Cash App on GrapheneOS. I just uninstalled and reinstalled (via Google Play) to confirm. Maybe try enabling Exploit protection compatibility mode and see if that helps.