That's ignoring the Cantillon effect. Businesses in closer proximity to the new money will benefit in terms of purchasng power at the expense of everyone else.
"In other words, the first sectors to receive the newly created money
enjoy higher profits as their pay increases, but general costs are still
low. On the other hand, the last sectors in which prices rise (where
there is more economic friction) face higher costs while still producing
at lower prices."
https://fee.org/articles/the-cantillon-effect-because-of-inflation-we-re-financing-the-financiers/
And then the dead man's switch linked via nostr to a nuclear bomb.
All that Adware bloat needs RAM
Don't forget not to consolidate your mixed coins together into the same denomination that you started with
Lyn Alden taught me that the Bretton Woods system which was ended in 1971 was doomed to failure in it very inception, since it allowed for domestic depegging of the dollar from gold, while still promising to settle in gold internationally.
I feel ecash could take over this role. If you want to be sovereign your wallet can immediatedy redeem any ecash you recieve for lightning. The advantage being fast onboarding for new users, improved privacy, ability to send payments via any secure messaging channel, half offline payments. Fedi tokens are also redeemable onchain if needed. Most actual transfers would still take place over lightning in the backend anyway.
ok so nostrudel is the next thing I have to get packaged for nixos
Does it only work for apps on the same device, or could you use a web client on a desktop and sign notes with the phone?
Would be great if they could use ecash mints for initial onboarding, rather than fully custodial lightning services as was done in El Salvador.
Do you want to run that node?
Zaps are a perfect usecase for ecash. You can recieve offline, and then exchange them for LN bitcoin immediately on logging in, if you don't trust the mint.
PSA: Guy is gonna cough up the big sats if any external contributors can integrate Holesail into the app
https://holesail.io/ nostr:note18p6gkpu34h7dv4mqswc9awm297faczrvmgh2yt5pltcte32065cskddgj6
Has anyone exteral to the holepunch/Pear team analysed the protocol for viability? What are the tradeoffs, potential weaknesses, privacy or scalability issues?
The issue with community relays is that if one gets censored, the community now has a coordination problem in moving to a new one. It's less of an issue if they are spread accross several relays.
Can this be implemented for zaps? Also what about just sending ecash directly if the payer has it?
#theftflation


