One question on the op_return drama:
Did core change the default size of op_return AND eliminate what was previously an option to change the size of op_return?
It’s disingenuous to say defaults are sticky AND remove the option.
I hope I’m wrong. But if this is true, I’m firmly in the anti-core camp.
Mortgage is collateralized and 7%. There is no margin call op for the lender. The premium over fed funds is to compensate for the lender risk and costs associated with liquidation.
Bitcoin backed loans at 12% is collateralized and has margin call protection and *instant and nearly free* liquidation.
This rate delta should shrink rapidly.
If Mallers gets single digit rates it’s a good start. It should be lower than mortgage rates within a year, and the investment premium on real estate should shrink as well.
This is all the result of greyscale winning the lawsuit against gensler.
The samouai wallet dev lawyers should put $100 in a 12 word seed phrase, and enter it into evidence.
The piece of paper with those 12 words on it will need to pass from them to the judge, to the prosecution lawyers, then to the witness.
Then ask if "money transmission" has taken place, and if the judge and prosecution lawyers have "money transmission" licenses, and if not, will they face prosecution?
Just show this chart and introduce a balanced budge amendment. This is evidence that the deficits shouldn’t be presented as “investments.”
Homeschool families have a lot of kids.
Blue haired liberal females have trouble finding partners.
I’m bullish for future generations.
USD are a “liability” of the FED.
Ok, during the gold standard, a bank would accept gold and issue paper as an IOU. This would be a liability because they have outstanding paper and gold in custody.
A bank has a “loan” to a customer as an “asset” because they gave paper to the customer and are owed paper.
A bank also has a “liability” when a customer deposits paper because it owes an equivalent amount of paper on demand.
But what exactly does the federal reserve “owe” in exchange for the paper fiat “federal reserve note” if one were to give them one?
Answer: this can’t happen, so why are they a “liability” of the FED?
I think the trend moves the individual coins to the etfs.
Lost/individuals gaining is optimal.
This is a good demo of the vision of satoshis distribution, and if it holds or improves then it’s a win for society.
Trends are not in our favor tho.
It sounds like normal ops.
When pasting it in keychat, it redeems and re-issues, to avoid double spend, I think.
So they are *spent* from your sending wallet, and *ecash* in your keychat wallet.
Just finished reading “Dark Wire” about the FBI running Anom, so I’m a lot leery of encrypted chat apps.
Keet, simplex, keychat, 0xchat:
Which one(s) is/are least likely to be honeypots?
My preference is nostr:nprofile1qqsth7fr42fyvpjl3rzqclvm7cwves8l8l8lqedgevhlfnamvgyg78spz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3vamnwvaz7tmjv4kxz7fwdehhxarj9e3xzmnymvpm86 since they use cashu. But if my FBI agent works there, it might limit my ability to speak freely on the platform.
If they dismiss now is it with prejudice?
I actually want this to set precedence, not just be a one off win.
nostr:npub1qw6e8meaj5gzk49alamh9qf35lpmml5sq7ctjtxhcjk55qppmcjs0j2v52 after watching your YouTube video on the Eurodollar I have a question.
You questioned how much leverage china is using on their investments in dollars in their belt and road initiative.
How could they leverage money they don’t have the ability to print?
If they issue a loan to an African business at a 10:1 ratio, they have to actually *send* the dollars to the company. Did they *borrow* at the 10:1 ratio? If so, then there’s your accountability.
If China has $1 trillion USD in aggregate, for example, then they can be the lender of last resort for their loans, but without the fed involvement there can be no leverage ratio that doesn’t end with china just backstopping it limited by their total dollars available to them (actual or borrowed.)
What am I missing?
I watched your safebox explainer video and I have a use case.
You mentioned "medical records" and it got me thinking. When you go to a Dr. they ask you to fill out forms. These multiple pages of forms sometimes have you enter name, address, etc, MULTIPLE TIMES.
Using this app, the flow could be:
1. Doctor office says scan this code to fill out the forms.
2. The office has checked off boxes from a pre-determined list of personal info they are requesting, with a time limit on the request. (i need your address for 1 year, etc)
3. Your first time doing this: you will fill in all the data they request, then next time, you will just see a bunch of check boxes of which items they are requesting, and you "approve" or "deny" these requests.
4. So Dr. A needs this info, you enter it. You go to Dr. B, and just approve their request.
5. The app transmits the data they need with no repetition (on the same form, or over multiple dr visits or multiple doctors.)
The durability of the Nostr protocol is fine, but this would need to work even if everyone abandoned nostr, and the only relays were YOU and the doctors office.
Have heretofore seen this topic as anathema, but my reflex is to disagree with you in principle, so now I have to listen to this and test my theory.
isnt the best result a dismissal with prejudice? or a not guilty verdict? Maybe DOJ wants to set precedent here so theres case law supporting speech.
joplin - encrypted - stored on self hosted nextcloud
Holy shit it's working! Paid a 100k sats Lightning invoice from two different Cashu mints at the same time.
Enter atomic multinut payments.
https://video.nostr.build/935d5c453c00ae7498be116b9c4d4b358d326854fd7cf19ebfa782f69a575a6c.mp4
All Cashu wallets let you use multiple mints. To reduce rug risk, we encourage users to leave only small amounts on each mint. This introduces a big UX challenge which forces users to distribute funds on different mints in a smart way. It's particularly problematic when you're trying to pay a bigger Lightning invoice from your small balances. Who has time for that?
The Lightning protocol allows nodes to split a single payment HTLC into multiple parts to increase the chance of reaching the destination, called Multi-Path Payments (MPP). Typically, that's done from one sender to one receiver. What if... you can just break the rules?
A multinut payment originates from multiple Lightning nodes to pay a single invoice, atomically. Even if none of your mint balances can cover an invoice, as long as your total balance is large enough, you can pay the invoice.
I don't think anyone was crazy enough to do this before. Pretty sure what you see here is the first invoice being paid using a CLN and an LND node at the same time. Amazing work by the team, special thanks to nostr:nprofile1qqsw8lr88lzln8x92ng073m4v72kglf9edhxvk8eztg3ftny98f46dgpz4mhxue69uhkummnw3ezummcw3ezuer9wchsz9mhwden5te0wfjkccte9ehx7um5wghxyctwvshsz9mhwden5te0wfjkccte9ec8y6tdv9kzumn9wshsk9y93w.
https://video.nostr.build/b9e330fbe21a772c0525ae2fceedaa99a90b8512a501c1f1d3263eac1d55219a.mp4
really wish you'd take the dev party off the telegram app. its so antithetical to your movement. Nostr would allow better engagement.
WSJ reports China act of cyber warfare against US.
Screw tariffs, cut off trade with the aggressors.
Build a coalition that refuses to do business with them.
But avoid the Roosevelt option of cozying up to Russia.
Use this opportunity to smuggle the engineers out of Taiwan and cut off the snake.
My theory is the government supplying the global reserve currency does not need to run deficits and a national debt.
The "debt" and "deficits" are a result of the overspending of congress. Period.
A USD running the world economy with a balanced budget amendment, and a 4% pay down debt requirement of each years budget would be very healthy.
It would require us to eliminate the fed and medicare/medicaid and most of the federal government. This is all good.
The psyop is the deflection away from congressional spending that all of this is causing.