Avatar
UNLICENSED MONEY TRANSMITTER
96a0b3e0738e7ff0838abc900fc48f61effef780d175a6bb2c0240246556bb3e

if bitcoin was perfect it would have been really boring. these real life limits of emulating a perfect money is what makes the effort worth it

everything is a trade-off

the only way you can guarantee bitcoin is provably scarce is by PAYING to use it

spam is a term alien to bitcoin

we're in this point in the cycle where degenerate pump'n'dump scams significantly dilute demand for bitcoin and we didn't even take last cycle ath 😅

segwit wasn't a significant boost. it's impossible to replicate everyone's transactions on every node. blockchains are limited for good reasons and solutions should happen off-chain

1 sat/byte was always a temporary honeymoon

<0.1 BTC utxos are ngmi. Phoenix, mutiny et al need to move to channels in increments of 0.1 in a subscription model, paid periodically with user's sats

bitcoin is expensive. having comfortable inbound capacity is also expensive, yet sill better than needing the chain

there is very little point in a less than 0.1btc channel

blue wallet should release a coin selection feature yesterday

ordinals are the best gift you could get from the future of bitcoin. learn how to optimize around expensive blockspace TODAY. there won't be another drill

the money people are right. most investors should probably hold bitcoin via an ETF right now. why? the tools and scaling solutions are still embarrassing

luckily the ETFs adds another layer of demand to get more time and resources to make self custody worth it

LN definitely requires division of labor. routing and managing liquidity is for specialized entities. end-users can interact with LN through the LSP model

the way Phoenix, mutiny, breez etc works is close to be consumer grade imo. the biggest pain point is still the limit of the protocol itself - inbound liquidity, and the need for the occasional on chain txn

covenant based models such as ark and timeout-trees don't replace LN. they enhance it by better handling the last mile problem. leaving LN to function as a very reliable real-time funds mover