Thanks for elaborating. So if I understand correctly, the trust component is that the lightning server could rug you? What’s the key pair for?

Boltcards are connected to the lightning server as well. What’s the technical difference to the boltcard, as one wouldn’t use the bolt card as a physical way to exchange sats?

Or am I overthinking and it’s just meant to be used like a boltcard but the form factor is different?

Could you elaborate a bit more on where the funds are “stored”. You say the chip has cryptographic keys but it’s on lightning. Does the chip have its own lighting channel with the LN server or some sort of LSP?

How do you verify no one extracted the sats from the coin?

It’s posts like these why I, despite reducing social media in general, always come back to roam nostr a bit and basically never go back to Twitter

nostr:note15vyr9a4kdm9shpm78tsgettp3rc0t87t4pt66yfsn0q4dslagh6sn4ygtj

Link is bodged for me…

Works like a charm now 🤩

How do I make it not open BlueWallet? 🫠

Link to a ChatGPT translation. Can verify it's pretty correct despite the dialect used.

nevent1qvzqqqqqqypzpt63ysd4m4uk89jjxelljal9c4725zgkhec65znwgmy3e34zyen0qy88wumn8ghj7mn0wvhxcmmv9uq35amnwvaz7tmwdaehgu3wvdjhycmpw3ex7anp9ekk2tcqyzkp5jcezfa8utglevq35pvcummp75vfj8vlwrjftjz9ape2hhr2y9xrpmn

**Dollar Hegemony, America’s Economic Demise – and *The Mandibles***

Gambling with the dollar’s status as the world’s reserve currency is little short of economic suicide. The tale in which the currency *bancor* becomes the new global money gives us a hint of how that might unfold.

The editorial team at *Dagens Næringsliv*, like so many others, searches in vain for logic in President Donald Trump’s economic policies. In many cases the aims and the means exclude one another. Most dangerous of all is the game of playing with fire: putting the dollar’s reserve-currency role at risk is tantamount to economic self-destruction.

Anyone wondering what that could look like should read Lionel Shriver’s novel *The Mandibles – A Family, 2029-2047*. In it she portrays a near-future United States where, almost overnight, the dollar loses both status and value and the *bancor* becomes the world’s new currency.

*Bancor* is the name John Maynard Keynes proposed for a supranational reserve currency at the Bretton Woods conference in 1944.

Naturally it is China, leading the BRICS nations, that controls the *bancor*—by then it has overtaken the United States as the world’s largest economy.

The book appeared in 2014, before Trump was on the political radar, and neither Trump nor MAGA is central to the plot. Yet with each passing day and every new U.S. economic initiative, the novel seems more prophetic. It is decidedly dystopian and reminds us that, although dollar hegemony has its downsides, abolishing it is not something we should wish for.

Global finance rests on U.S. government debt—and on the absence of doubt that America will honor that debt. Even the slightest doubt could trigger an economic catastrophe.

It is no secret that China and the BRICS countries are already working to avoid trading in dollars. That alone will weaken the dollar over time, whatever Trump does. The Trump administration hardly needs to accelerate the trend with peculiar policies.

Ironically, cryptocurrency may prove the dollar’s salvation. Not bitcoin, but *stablecoins*—cryptocurrencies designed to keep a fixed 1-to-1 peg to the U.S. dollar. The stablecoin *Tether*, issued by the company of the same name, is by far the largest of its kind, with tokens in circulation worth more than NOK 1.5 trillion. According to its own figures, Tether has over 400 million users, most of them in the Global South (Southeast Asia, Africa, and Latin America).

Tether is now one of the biggest buyers of U.S. Treasury bonds—by its own account likely the third-largest in 2024—and ranks among the world’s most profitable firms, earning about NOK 20 billion last year with fewer than 100 employees.

The business model is as simple as it is effective: the interest spread between the bonds and the zero-interest tether token. All the coupon income effectively becomes profit. By building the dollar’s digital infrastructure outside the United States, Tether is helping secure the future of dollar hegemony.

https://www.dn.no/innlegg/valuta/dollar/kryptovaluta/dollarhegemoniet-usas-okonomiske-undergang-og-the-mandibles/2-1-1804337

Europe is moving a Mandibles scenario into the overton window. Thanks for moving it into mine before the rest caught up. You either read it or you live it!

tbh I did not have this on my Bingo card for this year.

https://www.dn.no/innlegg/valuta/dollar/kryptovaluta/dollarhegemoniet-usas-okonomiske-undergang-og-the-mandibles/2-1-1804337

That’s a cool new feature. Thanks for linking

What is Boltz Pro? Could not find anything about it on your website

The chart looks a bit different if measured in other currencies. USD is down ~3% vs EUR/CHF. Basically the entire return seen in this chart above

Thanks! I’ll keep that in mind but no worries. I’m just interested in the tech behind it. These kinds of projects are what keep me lurking and looking at nostr.

Would it make sense to slap some sort of moderation on top or would it make more sense to structure the project differently for that use case?

Would love to test this once you feel like others can play around with it! 

Very interesting!

Same for me, although I read it right at the beginning of my journey. Recently saw someone on the train reading it. Gave me a sense of hope that not all is lost

Interesting, sounds like something I should look into

What’s tails?

How does badgerdb compare to leveldb?

Same question here