What's the story here? I don't see anything in msm

Is this the same as nostr:npub15c88nc8d44gsp4658dnfu5fahswzzu8gaxm5lkuwjud068swdqfspxssvx?

The fuck is wrong with you. We're trying to roast a MF, not get all cutsie

Two mini messaging apes.

Where are the cool kids buying NoKYC bitcoin these days?

#bitcoin #plebchain #nokyc

I also only care about whats going on at nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s 's node

My favorite part is the icecream cart on the airport taxi way

JET STEEL CANT FUEL MELTED BEAMS

The offending remark is #based

Why does that make you fearful? I try to speak thoughtfully, but I'm unphased by the liklihood that my words will only affect the people I directly interact with.

Look out! That little red robot on your stove is trying to shoot you in the face with a rainbow laser!

Well miners could read the sidechain state and reimburse all holders. Its completely up to them.

Someone want to send me some #Cashu nuts?

Fuck that stump. Glad you won. 🤜

Yeah, I'm just trying to better understand which circumstances it makes sense for.

If 10K users just store ~$100 in a Cashu wallet for online shopping, that leaves $1MM that the mint can steal.

Should users not connect to a mint with 10k other users? How do you know how many users a mint is operating?

Should users store only $10? What do you do with $10?

I'm just trying to wrap my head around _what applications_ #Cashu makes sense for.

#yomamasofiat she sold her car so we'd stop making fun of it

#yomamasofiat she hasn't tried #cashu, cause she's allergic to nuts

Can someone link me to a good explanation why Cashu users shouldn't worry about the mint being trusted? The dialogue I always see, goes something like:

* Alice: cant mints steal or fractional reserve?

* Bob: yes, but that would hurt their business, so they wont.

Can someone elaborate on that? Not trying to be cynical, but it seems to me like a large mint could choose to exit scam at any time.

#bitcoin #lightning #plebchain #cashu #enuts

Well in this scenario, miners have decided to steal from the 'shitcoin' sidechain to make room for a 'good' sidechain. The 'shitcoin' ledger would become valueless, and shitcoin holders would be out of pocket.

That is the point though. If a vanity/shitcoin takes one of the drivechain slots, it risks getting evicted and liquidated by Bitcoin, if miners (and indirectly the users) have decided the shitcoin didn't deserve that space. So, sidechains must necessarily be 'good' for Bitcoin, or the sidechain will be sent packing.

Want to start a side chain? Think long and hard about how it will synergize with Bitcoin. Put your idea into public and make sure it gets broad community support (e.g. BIP) before trying to deploy it. If you do those things, you'll have a good idea if Bitcoin will evict+liquidate your sidechain or not.

Arbitrage traders are not platforms or service providers. There will be a slew of arbitrage traders ready to charge a premium to swap out of sBTC, but they are not 'service providers'. They are not trusted, centralized, or able to interfere with your exit from sBTC. Anyone with a little money can become an arbitrage trader, so there will be many traders competing for volume, so they wont be able to charge too much of a premium or risk losing business to the other arbitrage traders.

Yes, sBTC -> BTC pressure may build, and arbitragers may charge a premium to exit, but if that premium gets too large, it will invite more liquidity into the market, and cause the premium to drop back down.

This is much more desirable than the trusted mint/provider situation we find ourselves in with Lightning, Cashu, Fedimint, etc