I'm seeing a lot of people explore #Liquid with the recent weaknesses of #Lightning being in the spotlight.

I think that's great, but it doesn't mean it's the answer.

Liquid isn't accessible. Liquid infrastructure is wholly owned and well-centralised (waaayyy more than LN). Just because it seems to work right now, it doesn't mean it's the answer.

Lastly, it's borderline shitcoinery considering what they allow to be pegged on the liquid network (tokens, stablecoins, etc).

The user is not part of the value-proposition equation.

I think this means it only keeps track of your open channels, and their liquidity levels. I'm guessing the wallet has an on-chain component which should have another 12/24-word recovery phrase.

They may very well be operating at a loss in order to pull people in.

The centralisation is a problem though.

What kind of settings does it offer for self-custody? Any control over nodes, peers, channels, etc?

Doesn't help that the one pool that had a big chance to big some of that hashing power (Ocean) launched to very mixed views with very controversial views.

Really unfortunate - The idea of a decentralised pool was/is very desired. Supposedly, more tools will give miners more control soon, but still.

Just a couple years ago, advancements were being made at huge pace.

I feel #Lightning deviated from self-custody accessibility to centralised convenience..

By wanting to reduce risk, you're CREATING risk. This is what #Bitcoin taught us in the first place.

I think companies like nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm don't have the user and their sats' safety at the forefront of their interest.

What they stand for, goes against the Bitcoin ethos. And without a centralised LN, they've got nothing.

We need a spark that rethinks and redesigns self-custody with accessibility at the forefront, lightning or not.

People think inscriptions are the thread right now, without realising the REAL threat has already gained way more ground - Centralisation on the #Lightning network, which is only being reinforced.

How the fuck did it reach this point?

Back in 2021, self-hosting LND and later CLN, was all the rage. Opening channels was a rite of passage. It was fun, it was big, it was meaningful.

Now I onboard friends to nostr, and the client of choice only allows for custodial sats... Urm......

#Bitcoin #Nostr

This.

Just this.

nostr:note1r8qg6pt6ladgp9g6gtdcgu2wcyjjdz2tute7gp5j9kw6e7ggqvasc5fktr

Bitcoiners saddened by the mempool state need to remember Satoshi Nakamoto never intended for day-to-day TXs to happen on-chain, but did intend for it to be permissionless and free.

I'm not saying Lightning is the answer.

I AM saying that THAT is very telling.

We're missing something...

#Bitcoin #Mempool #Nostr

We're commoditizing free space over thousands of computers by way of an online bid war. That's huge. Tick Tock, next block.

Every one gets a say, and it seems especially relevant and noisy when it's those we don't agree with that are being the loudest. It'll come to pass.

Low-time-preference, stack the sats. In the meantime, we look at what we can improve, we take lessons, and we program the money to plug any shortcomings.

My monthly UTXO consolidation.... *cries*

5 years.. It's been a while.

I don't care much for inscriptions in general, but I'm curious.

What is it about them that not only drives fees to ATHs, but has people paying for said fees? You'd think there's a huge booming market for NFTs on the #Bitcoin blockchain out there.

#Inscriptions #Ordinals #AskNostr

- Carefully times it.

- Posts on Nostr.

- Proceeds to point users to sign up on Twitter.

The fiat incentives and value-prop are so fucking broken.

nostr:note1sk2hydj95mp7a683gcsja9rst9l6xqeu34h5w8qa3zqzr4wpavaq0qu94s

Over tor, or is it strictly outbound?

Sure, but remember, there are only 21Mil Bitcoin 😆

Whatever those100 people get, the exchanges won't.

Still a win, even if small. That's why every person counts.

Except me. I don't do custodial exchanges.

Genuinely interested..

Since the increased waves of extremely high on-chain fees, has anyone noticed increased issues specifically with zapping on Nostr?

Opening a closing channels is a big problem right now, this is forcing a lot of people to custodial options, and even LSPs have reported issues.

#Bitcoin #Lightning #AskNostr

True, but personally I think the crux of the issue isn't that they offer a custodial option - It's that they don't offer a non-custodial option. I really like Primal. I dislike the fact that to use it in full, I must use custodial options.

This may be true, but we'll need to go out of the comfort-zone to bring violent memes and harshly troll those who decide in their infinite wisdom to buy #paperBitcoin.

nostr:note1rw6vlp4x74v9wjyuclcl8qslq6ud983wuuw2ng0at3n7hp8k9hqsf6gd9s

I fully understand the pain.. I've always said it, always been a foot behind when it came to L2.

This didn't stop me from getting into Lightning, running nodes and joining in the fun of experimenting with channels (when the fees weren't this high).

But Bitcoin's whitepaper, coupled with the accessibility of running verification plug&play nodes, and the investment/PoW necessity for mining is a simple game overall.

Lightning has a scalability problem, and it not one down to the tech, but to its accessibility. I think developers like nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 have been monumental over the past year showing an embedded node is well possible. Whether it's feasible is something that's currently being battle-tested.

I've always thought of Bitcoin nodes running in households like people buy Wifi Routers, this seems really feasible to me. But having to deal with channels is a whole other game.

Personally, for an L2 proponent to succeed, it needs to find a way to be as straight-forward as MAC addresses and Ethernet frames are talking to both L1 and whatever else.

When basic dictionaries don't recognise such words...

#Bitcoin #Freedom