hot take: I get that custodial lightning is not remotely decentralized, sovereign, trustless, etc. - all that good shit …

… but is nobody else outrageously excited by how much of an improvement over fiat it is? not just in its own right but even explicitly in terms of decentralisation, sovereignty, and trustlessness?

it strikes me as a key vector of bitcoin driving jurisdictional arbitrage, for one. say some authoritarian regime cracks down on bitcoin (whatever that ends up meaning in practice, doesn’t really matter) and makes it politically risky to run a node, or manage liquidity, or be seen as “transmitting money”, or whatever. if there is a trustworthy custodial lightning provider *literally anywhere in the world* you can anonymously spin up the ability to receive payments in seconds. “anonymously” and “in seconds” are both groundbreaking advances if you have any familiarity whatsoever with fiat banking and payment rails.

if you think about it, you actually can’t get this with “real” lightning either. it’s not instant (to set up) and you need to know people who presumably trust you to some small extent to get to the point of workable liquidity and stay there (perhaps under-discussed, but if channel partners “don’t trust you”, they will close or never open, and you can’t use lightning at all. WhO’s TrUsTlEsS nOw HuH?!?)

so yes, this requires trust, but like, fuck me, so does everything in real life 😂 - being overly negative on this strikes me as a kind of core fallacy of appreciating open and decentralized systems: that it’s a spectrum, not a binary. how open and decentralized the foundation is represents the maximum openness and decentralisation of anything built on top, *not the minimum*!

moving away from completely closed and centralised does not necessitate the opposite, it opens up an entire range of new possibilities, all of which come with tradeoffs. but tradeoffs are relative to circumstances in real life, and in real life, selective trust is very much a thing because We LiVe In A sOcIeTy 🤪 - talking about tradeoffs in absolute terms as if the decision to accept them can be made entirely devoid of context is highly regarded. and this isn’t even to get into the rather obvious line of argument that if you want people to ever get to the extreme, having a spectrum to gradually move along is far more appealing than requiring them to jump in at the deep end. i.e. it’s also amazing for adoption.

in conclusion, don’t be highly regarded. support adoption. agree with my hot take. gm, pv 🤙

Perfect form 👌

Had never seen this clip. That clown used to be my teacher of Monetary Theory at university. He never gave the impression that he had even once looked critically at his dogmas.

I'm really not sure it will pan out as they describe.

But I find it very useful to adopt their framing to look at what's coming, in particular these 2 extracts:

"Market forces, not political majorities, will compel societies to reconfigure themselves in ways that public opinion will neither comprehend nor welcome. As they do, the naïve view that history is what people wish it to be will prove wildly misleading."

"the most important causes of change are not to be found in political manifestos or in the pronouncements of dead economists, but in the hidden factors that alter the boundaries where power is exercised. Often, subtle changes in climate, topography, microbes, and technology alter the logic of violence. They transform the way people organize their livelihoods and defend themselves."

Star link? Don't worry, European dictocats have your back by providing "competition"

What is your biggest mistake you made on your Bitcoin journey?

I begin : I kyc'ed myself on tons of platforms...

Yup!

Quick twitter recap for everyone

- all links are broken

- all images are broken

- all videos are broken

- TweetDeck is broken

I though Elon would make the fight at least a bit harder 😂

Welcome to all the new people that are coming 🫂🚀

Meanwhile...

Public Lightning Nodes map... enjoy the beauty.

Not accurate for sure..

Too many spots that still aren’t running. We need so much more for decentralisation…

By my very educated deduction we have 6 months to new ATH and 4 to 6 more month before we hit 210k.

Sept 1st 70k

Mid March right around the halvening 210k.

Because it coincides with the halvening this time the world will be watching and FIAT will be dieing.

This was the last bear cycle bois hope you stacked enough sats.

💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥💥⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️

Boys I need help in the muscle department 💪

I need good exercises to strengthen back and shoulders. When I lift stuff I often find my lumbar aching like a bitch.

Thanks 🙏💜

What broker would you recommend?

I know DCA is the way … 🙏

BUT: i think most people have also a little pile of fiat at the sidelines to buy dips when they occur. So do i … 💰

My question is: ❓

How do you set your limit orders? 📋

- All at once?

- Split up in equal parts?

- Higher amounts the lower the price gos?

Would really love to learn from you 🙏💜