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Bayer
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Bitcoiner learning Rust. Chaincode BOSS Alumni ____ Opinionated Bitcoin self-custody guides: https://www.wehodlbtc.com/ ____ Support Bitcoin developers donate to: https://opensats.org/ ____ GPG: 9CAA 541A 4DEB AB6E 9BE1 A7C8 2C5E 2CE6 0D27 4353

Ya and self-custodial lightning wallets which use LSPs add more complexity to the understanding. There's this notion - imo - that these wallets work similarly to onchain, in terms of ease of use. Meanwhile there's a shit ton of channel management going on in the background.

They make it so easy to onboard to lightning due to not requiring your own none/managing your own channels but that pic shows a major misunderstanding of how lightning operates.

Good conversation. Hadn't heard about em in a long time. They really seem to be doing the work to bring about circular economies.

Replying to Avatar JeffG

Something that I was talking about with nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s last night stuck in my head. Most people think that technological progress is a one directional path. We learn new things and move forward, never sliding backwards, never losing knowledge along the way.

But this isn’t true. Just look at the dark ages. Just look at the civilizations of the Maya, or ancient Egyptians. They had advanced mathematics, a deep understanding of the movements of the solar system; and yet, their knowledge was largely forgotten for centuries (and in some cases millennia) after they collapsed.

Just because we have books, and libraries, and the internet doesn’t mean we’re immune either.

The ability to build upon our collective knowledge and apply that knowledge to create a better world around us is a fragile thing.

It requires the ability to freely question, freely discuss, and free transact. It requires openness, humility, and curiosity. All things that are seriously lacking in our world today.

Nostr needs builders to grow. But I believe that Nostr also needs to grow the world’s supply of builders if we want to continue to progress forward, and not tumble backwards into the dark.

#build

Very true. There have been incidences of advanced societies who due to reasons i wont dive into were cut off from the rest of the world, within a few decades their technological progress, knowledge had significantly regressed.

yep, I feel as if I may have to relisten to it. Such a good podcast to "try" and keep up to date with the state of development in bitcoin.

Great talk on operation ORCHESTRA from PHK at FOSDEM 2014, which nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 mentions in BR052 -- > https://bitcoin.review/podcast/episode-52/ Every bitcoiner should listen to it. Absolutey imperative to understand how our enemy may behave. It likely WONT be an obvious attack, in fact it's better if it isn't. Causing delays, confusion, chaos and wasting time birdshedding is often more effective.

Replying to Avatar Sam Wouters

“Nobody is using Lightning” should now be a dead meme.

Launching a new Bitcoin report from nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en: How the Lightning Network grew by 1212% in 2 years ⚡

It’s time to pay attention to the incredible work of so many people in the space.

In this report:

- How many transactions on Lightning

- How much volume

- How many users

- Industry overview of 173 companies

- Funding overview

- River-specific insights

- Why are companies interested in Lightning

- Growth accelerators

And yes, an executive summary 😉

You can find the report here https://blog.river.com/the-lightning-network-in-2023/

It would mean a lot if you could share this post and/or the report 🧡

I'll be sharing this report at The Bitcoin Conference in Amsterdam in 2 days!

Reading through this now. Very interesting data. I love how difficult it is to get actual numbers due to private channels.

I did notice on page 21 you include Blixt wallet as custodial but they are a non-custodial lightning wallet.

Yep, ridiculous. This is due to the "Online streaming" act that was passed on April of this year: https://www.canada.ca/en/canadian-heritage/services/modernization-broadcasting-act.html

Gives more power to CRTC (regulatory body) to regulate online content shown to Canadians. (although it does not mention precisely, the legislation, afaik, was written quite loosely.

"The Online Streaming Act is about more choice. What you watch and listen to will always be up to you."

The irony!