MP3, and later MP4 players were part of a huge shift during my teens, everyone had one or wanted one, they came in different sizes and colors and they all had personality through their design.
This was during a time when manufactering of such things was getting easier and cheaper, so tons of cheap brands appeared left, right and center. Competition was/seemed healthy.
You had a thumb-drive-size capable of playing hundreds or thousands of hours of music. MP4s had a little screen you could watch stuff on. I remember watching the #Transformers movie on mine, right before I got mugged and lost it - Only had space for a few tracks though. I remember ripping tons of CDs during that time. But also using piracy as a method of discovery.
And yet in retrospect was also such a short-lived industry.
Died too young. Centralised, heavily-licensed streaming where artists get the shit end of the deal then showed up. Everyone preferred it. To this day I still buy albums, some physical, most digital, but always DRM free. Stream my own music library and put adding something new to the library feels genuinely good.
#Reminiscing #Teens #Music
Can confirm.
PCSX2 + Controller.
Enjoy!
It's not about what is more centralised or not, it's about what presents the most favourable conditions to achieve strong decentralisation.
Nostr presents a a much more favourable environment and and stronger incentives to achieve a much higher degree of decentralisation than StackerNews.
One is built for it. The other isn't.
#minibits just pushed out an update that fixed the below issue - Pending ecash sats dropped instantly.
Turns out it was a known regression.
#Lightning #cashu #Bitcoin
This will, and can only happen naturally.
When I made my first nostr key, my feed was empty and the Global feed was a mix of NSFW, food and travelling, and some Bitcoin posts.
If I had no interest in Bitcoin, I'd curate my feed by following non-Bitcoin contacts. I think people are just too used to having an algorithm do everything for them based on behavioural analysis.
Would like to see a Flatpak release for this. Would make it more accessible for a lot of people.
Absolutely, but it's not what I'm suggesting.
Problem is, you can't attempt a TX without estimating the fee, and if the fee estimate is wrong (as in, you actually have enough) you still can't complete the TX.
My proposal would be to make it explicit that it's just an estimate, but allow the TX to be attempted. I'd rather a failed TX than one that would go through but doesn't because it was conditioned on an estimate that was wrong to begin with.
I can see #cashu and Federated mints co-existing now.
Cashu for self-hosters and communities, and #Fedimints for IMPROVED #Lightning custody, actually ZERO fees, and a PoC for offline transacting!
In effect, Alby, WoS and other Lightning custodians are about to get phased out as custodians unless they adapt 😬
No. Look at a mint more like a pocket of sats inside a LN server/channel. They can move around in the pocket infinitely without changing channel inbound/outbound liquidity, and they can get cashed out via the channel when needed. Current Lightning custodians also have multiple users in a server/channel, but sometimes fees are still there even if low, and there are privacy implications.
Every layer makes trade-offs. L2 solved a scalability issue with L1, but it still has issues - From privacy issues, to fees (even if low), to the need to be online 24/7. L3 makes certain trade-offs but manages to further solve some of these by offering pretty much perfect privacy, a PoC for offline usage and actually zero fees.
Just like we needed MACs and IPs on seperate layers, what ecash brings cannot be done inherently on L2.
The end goal, much like the Internet, and is what @Karnage was getting at, is that the user won't even know what layer they're interfacing with because the UI/UX abstracts it all.
A mint still needs standard LN server with channels etc
The way I see it, I think it might just play out like this:
Lightning as an L3 for LSP infra and some self-hosters.
Fedimint ecash for custody services.
Cashu ecash for self-hosters and potentially with their own smaller communities.
Inherently, while one might ask why use ecash versus standard sats, truth is, ecash has some advantages:
- More private
- Actually zero fees
- Offline (PoC) usage
As a self-custody maximalist, I too wondered about what ecash could bring to the table but the reality is, given the benefits, if you self-custody in standard LN already, you might as well run a mint too.
If you dont't self-custody, you still have the above benefits and with federated mints there are less chances for rugpulls. I believe cashu also have plans on addressing the potential for rugpulls from angles that standard LN is unable to offer due to inherent limitations.
Testing #minibits every time I send sats to a mint, it never arrives. In the source, it's confirmed as sent. On minibits it stays as "pending" until it expires. Tried multiple mints.
#Lightning #ecash #cashu
Can you survive by using only #bitcoin?
For the next 7 days, I'll be only using bitcoin until #bitcoinatlantis kicks off 👀
First mission: travel across the world from Thailand to Madeira 🛫
Full video: https://youtu.be/UIwvwgdKIQM https://v.nostr.build/en5G.mp4
Amazing series so far, must-watch!
Be sure to send some sats his way, as Max is running out of sats by the end of the second episode :D
Okay, #eNuts has a couple of big problems.
When sending sats, it makes an estimate on fees, but doesn't let you complete the TX unless that estimate is met exactly.
The result? Impossible to fully cash out, unless the estimate is exactly correct. If it's too higher than what you have obviously you can't cash out. If it's lower, you get left over sats that can't be cashed out in small numbers because the fee estinate is always higher.
Not a problem in its ecash offering, though bound to be run into.
#Lightning #cashu
If you don't mind me asking, are you able to add Zeus as a peer (without opening a channel)?
I can add multiple peers from 1ML, but can't add Zeus for some reason. Logs aren't telling me much else. I can reach their IP no problem.
Thought about that but been down a few hours now...
Seems I can't even peer with you, so I'll check my end more thoroughly.
Peer({zeus}): disconnecting {zeus}, reason: unable to start peer: unable to read init msg: read next header: EOF
WRN] RPCS: Gossip syncer for peer={zeus} not found
SRVR: Finalizing connection to {zeus}, inbound=false
SRVR: Established connection to: {zeus}