ben algo feed

and a watch.... I haven't worn a watch (outside running) for about 20 years.

Clearly there's no future in AI

You know I like that this bulked out my arms a little, but I always prefered having two feet!

Come over and you me and Wiz can take a week off and travel round the beaches of WA Vibe Coding in my camper van.

WE could probably make a pretty funny Nostr based mini-reality-docuseries out of that 😭

Hello everyone! I want to share my opinion on how much a node or multiple nodes in the #Bitcoin #LightningNetwork can earn for their owners, using the example of my own nodes. I will provide the figures as an annual percentage.

Currently, over approximately five days, the entire network of my nodes earns about 500,000 satoshis per day on average. This is an average parameter. 500,000 satoshis is 0.005 bitcoins.

The liquidity on my side across all nodes is roughly around 300 bitcoins. So, let's simply calculate the annual percentage. You can roughly calculate it like this: 0.005 bitcoin multiplied by 365 days divided by 300 bitcoins. Multiply by 100%, and it comes out to about 0.6% profit from fees, which are currently at 700 ppm + 1 sat base fee.

This formula does not take into account the costs for opening channels, which include on-chain fees for Bitcoin channel opening transactions, nor does it include various expenses related to channel closures, whether automatic or forced, cooperative or forced. We are just taking the net figure as if the same channels were open all year without any expenses. You should also consider the risks associated with annual node maintenance. These include hosting costs, creating backups, labor efforts, and the risks of node hacking, which could theoretically be hacked and have all funds stolen.

Is this a profitable venture? You decide for yourselves. I just wanted to share some useful information with you.

Goodbye!

#Stats #LNBiG #profit #fees

Monopolies can't survive without government enforcement. Free markets naturally dismantle concentrated power. The real class war pits controllers against those seeking self-determination through production.

Enjoying perplexity.ai as a sounding board for refining small business ideas.

the ultimate goal is to get to a point in life where nobody can dictate how we spend our time

live free 🫡

We just did a whirlwind 3 week stint over at Tassie.

Way too cold for this guy (even pre-winter) but beautiful nonetheless.

Highlights were Port Arthur, Bay of Fires, Hobart and the view from Mt Wellington (we were lucky to get a rare clear day with views of the entire region), and cradle mountain. Throw in wild wombat viewing st Cradle Mountain, seals playing the bay at Bicheno and an intimate penguin tour at Low Head and it shaped up to be pure magic.

And that is not to say the rest of what wasn’t equally spectacular. We tracked where we went on a tourist map…Still plenty we missed.

Is 3 weeks enough? Probably not but we were all ready to come back to the mainland.

Homeschooling took a back seat for 3 weeks as we were go-go-go from sun-up to sun-set. That’s the beautiful thing about home-schooling. The official curriculum can take a back-seat while they learn in the real-world. We ticked off history, geography, science, art, and just about every other subject on the curriculum…

A few pointers if you are planning it:

- Spirit of Tasmania. Book well in advance, the return trip was completely booked out when we looked last year from Feb through to July. Plan ahead and stick to your plan. At one point we contemplated delaying our return trip but it was next to impossible to find a return slot. Also worth getting a cabin so you have somewhere private to chill, regardless of night sail or day sail. The seas can get pretty rough (though we were pretty lucky)

- Travelling with doggo. It’s a 10-12hour sail. You can book a kennel in the ventilated decks. We chose however to keep doggo in the caravan. Warm, comfortable and we gave him a chill-pill from the vet. He handled it like a champion.

- Have an idea where you will stay and do day trips. A lot of Tassie is small windy roads and sometimes a lot of dirt. You don’t want to necessarily tow a caravan everywhere through all this. Time of year will also make a huge difference, these roads can be quite treacherous for the uninitiated (like me) through winter.

- be ok with the fact you won’t see it all.

- the windy roads will make for slower travel, expect an 50km drive to take an hour and a half. If you were in doubt about replacing your break pads before you leave, do it.

Soy milk = dairy

Cheese ≠ dairy

I don't make the rules.

Of course. Blue collar work is about to get really cool again. But then there will also be robotics to tackle those at scale also. It’s going to be a seriously crazy transition for the couple of decades.