nostr:npub19zscu28djwhapecs3hh9qj5kr89hahq6mlx50dsqf72x8xxqv06q8xzyhq says "All the cool people are using nostr"
#grownostr
A truly decentralized blockchain is not scalable, this is why layer 2 is necessary. The blockchain is the "value" layer, and frequent transactions (to maintain decentralization) must happen through a different mechanism. Lightning has the right idea: use smart contracts to enforce an auditable trust network. This is the value component of lightning's core architecture. It takes time to identify the problems with this first implemenentation. We likely will need to start over with a new and improved architecture where tradeoffs are hopefully minimized.
My problems with lightning:
* must be online to route payments
* node wallet keys must be "hot"
* channel closures cannot be mitigated, one misbehaving node can eventually take down a major portion of the network
* routing "netsplits" are common and difficult to identify and diagnose
* routed payments are not tolerant to lossy communication
* the initiator of a channel can cause the partner to share in the cost of closure
* open and close operations in a high fee environment can stall and lock-up funds indefinately
* becoming a an effective "routing node" requires too much skill and up-front capital, therefore routing fees have not tended to zero as promised
* opening and closing channels for the purpose of being a routing node is too costly for the individual
* the system is generally not used for its primary use-case, which is to make frequent direct payments to a channel partner, where routing is a secondary side-effect of a network of partners and the primary attraction to lightning is not a first-class feature
* submarine swaps and reverse submarine swaps require a third party and/or multiple onchain transactions
* the reference implementation (lnd) does not provide sufficient visibility to operation and what information it does provide is obscured by piles of debug logs
* switching node implementations requires dozens or hundreds of onchain transactions and fees
This is my 80% list
How many ways will he prove to everyone he is indeed Faketoshi?
Amazing, its as if bitcoin were just like money
We have reached the edge of reality, our shared delusions. We need comedians and musicians to grope around in the fog for us, but they are silenced.
We need a better zapping solution like a #cashu wallet built-into the nostr app instead of this roundabout lnaddress, lightning transaction and wallet connect.
Gettin hungry for some #bitcoin dip!
#m=image%2Fjpeg&dim=571x762&blurhash=_ALgb2%5Ei8%5E%3Fvxmxut7*wiz.9E3x%5D%24%24aK00%7EpALD%25o%24xuoz004nits*E1x%5Do%23-ptSr.f%2BRjjExtNfM%7BXUIoRQR%3At4%3Fvnh%25Mt69cRPM%7BoL-nRQenn%24NFbGx%5BIUVtX9ROtRWB&x=5a9338e4a999436470ad2e8306ebce9306819188903cdc5da99628ce1eaea62b
https://www.thesurvivalpodcast.com/tspaz-3-16-22
Now is the time to get on pruning your trees as they sleep though winter. These blades are exceptional for that and many other uses as well.
Diablo is my favorite brand for bits and blades, try these and you will understand why.
Cool old school video!
https://m.primal.net/HYtF.webp
In general people who grew up in homes where TVs looked like this are far more able to do things like change oil, use power tools, etc. then people who have never seen one.
Progress isn't always positive.
Pushbuttons AND a VCR? That was an upper middle class livingroom.
Owen Benjamin is finally taking on anarcho-capitalism
I like Pepsi. I also like Coke.
I drink neither because I don't like to die.
I don't either, lol
Good day to all you toxic psychopathic #bitcoin only degenerates!
#m=image%2Fjpeg&dim=720x680&blurhash=%7C*QSJBoJx%5Dj%5BtlbHxubGt7.mR*VsayVsjZRjoLV%40V%3Fayfla%7DfkfRbHj%5BayIAjZoyf6ozayoffPofbbaybHa%7CjZjsf6j%5BjZo%7DkBe.ayjbf6axj%5Bayspjaa%7Ba%7BW%3Afjayjuj%5BRPofbbazoMf6oLa%7Dj%5Bbwayn%24fja%7Bfjayjtay&x=9b9ac7827ddc8ef20184fbc04976f6ff81d9413b12ba8568e5c3b9403b413a66That was always my philosophy. A pound of bacon and 4 eggs cooked in the fat, thats called a meal