I think so. The same logic of consolodate utxo's when the fees are down, also applies to converting some on-chain btc into walking around money (lightning/ecash) while the fees are low.
Thank you, Walker! Unfortunately, I’m having issues setting up my zaps in Primal, which is the app I’m using. When I try to activate my wallet, I get a message saying “Our apologies, we are not able to provide the wallet service in Canada…”. I even watched the video nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 has about primal, as he is in Canada too, and he didn’t have any issues. So it’s weird. I tried to connect a different wallet too but to no avail (although I might be missing something here). If anyone reading this can help, I would really appreciate it. Will let you know when I get this sorted.
In any case, zaps or not, I’m glad you liked my image! 😄
Fellow Canadian here, the Minibits.cash app can give you a free zap receive address that you can use with Nostr.
I just paid you 21 sats from my minibits wallet. Fees were zero sats.
Over time, the value of those 21 sats will increase. The value of sats can increase, and dust limit for base chain UTXOs can rise based on higher fees. Not mutually exclusive. Both can be true.
That super high dust limit you describe applies to the base layer. Where it is absolutely something to keep in mind when DCA'ing. No argument there.
Dust limit for lightning is quite a bit lower. Occasional 2 sats on a 210 sat zap.
Dust limit for ecash moving in a circular economy is ...zero? Until you pay a lightnkng fee if you want to swap mints to a different circular economy.
A year ago today, we were singing "Hello 19k, my old friend".
Pro e-cash devs are in good company.
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Track: Over the Mountain
Album: Diary of a Madman
Artist: Ozzy Osbourne
In case anyone is still confused about nuts or what it means and why we always talk about it (me today haha), here is my know-nothing dummy explanation and why this is a big deal IMO:
Cashu is an ecash protocol(is this correct?) created by nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg
People are calling them nuts because cashews are nuts... get it?
The terminology is irrelevant. They can be called tokens, air, water, chicken teriyaki.. it really doesn't matter! What matter is that this is a Layer 3 payment system that transfers tokens at the speed of light (or so I think). Lightning being layer 2, and bitcoin being layer 1.
The reason why this is a significant development is because now everyone has a cashu address. Thanks to amazing work by the legendary nostr:npub1mhcr4j594hsrnen594d7700n2t03n8gdx83zhxzculk6sh9nhwlq7uc226 , if you go to npub.cash you can see that you already have an address to receive these layer 3 tokens, which just happen to be easily redeemable into lightning. This means that any new person who joins nostr automatically has (custodial) layer 3 payment access, which can swap into layer 2 and into layer 1 and into fiat if need be.
I don't know any of the underlying mechanics of this, I am not a genius like nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg and what I have described could be incorrect, but it sure feels like this is roughly how things work.
Nuts are custodial, meaning a mint is holding your balance and can look up your npub to see if you have some. Once called upon, these nuts can be sent to another nutter (cashu wallet) or directly to a lightning address! This interoperability makes everyone a layer 2 user. All we need is a clever UX toggle / button / terminology to make it really obvious.
IF this were to be turned into a library that devs could include in their client code and "it just works", THEN it could be a game changer! No more directing people on how to get a wallet right as they join. They can experience the magic of bitcoin indirectly via layer 3 > layer 2 transfer all without knowing anything (as long as they can get on nostr).
In practice, this means anyone joining an audio nest, a zapstream, a flare.pub can automatically get paid. Yes, it's just tokens, and yes it's centralized and custodial, BUT, they see the value instantly and are only a click away from digging deeper. It's a STEPPING STONE that makes it significantly easier to get onboarded into the new paradigm.
I have not been this excited since the discovery of nostr itself! If I'm mistaken somehow, or don't understand things correctly, please let me know and forgive my dumbass 🤣 And if this means what I think it means, then let's make magic happen!
If someone is brand new to nostr they currently will have trouble using npub.cash because it requires a nip-07. And before you say Alby, that door is currently shut and new Alby accounts are by invite only. And that friend you are onboarding to nostr probably doesn't have their own lightning node either.
Minibits seems to accomplish the same goal (receive address for nostr zaps) but without needing Alby or any other extension. Incoming zaps are converted to ecash (nuts) in the background for you. You can send send and receive sats or ecash (nuts). Not a paid promotion. Just an option for people having trouble getting a nip-07.
Minibits works well enough for me. It asks a second click which of your mints to spend from (sats or ecash). If thats what you mean. I don't mind that at all.
I liked Cashu, then eNuts added Nostr address book, and now Minibits is a game changer. An easy receive mechanism for Nostr zaps (via converting to ecash in the background). Damn Minibits is truly awesome.
Coming up on two years of Graphene only for me.
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Yes, I still read the statuses.
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Minibits means you can onboard friends and family to nostr and have them *easily* receive zaps without them defaulting to Wallet of Satoshi.
Signed up! Looking forward to it.
#m=image%2Fjpeg&dim=768x1020&blurhash=_7D%2B_2%253JpD%25nN9tRP%7EWx%5B-%3AIpRPD*RQ9GxctPIpn*jEIV%252-%3AI%3DNFobM%7CNG%3FH%25LNexu%251t7M%7CWFj%5BNZxuoc%24*IonmR*V_xuxukBNGWnjIM%7Cs%3AxtWVkBRQX8V%5Bt7WYxZt7&x=18ed6b42d460ecb26cf02cbf4539123712caa24673282c453bd3bdda33de6e84"Like an ant colony, the bitcoin network is a resilient network of simple nodes following simple rules that together can do amazing things without any central coordination" - Andreas M. Antonopoulos
The first Amazon reviews for The Genesis Book are coming in.
I give both of them five out of five stars ⭐️⭐️⭐️⭐️⭐️
https://www.amazon.com/Genesis-Book-Projects-Inspired-Bitcoin/dp/B0CQLMQRH7
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It came in the mail today. Looking forward to it!
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Worked. Sending it back. That is awesome.
cashuAeyJ0b2tlbiI6W3sicHJvb2ZzIjpbeyJpZCI6IkkyeU4raVJZZmt6VCIsImFtb3VudCI6NCwiQyI6IjAzN2NmOWJmZTRkZGNlYTdmNjgyN2Q1ZmRjZjU4OGQyNWNlYzk2NjI3OGNkNmNkYjJhMjgzMjliODkwMmI1NjU2OSIsInNlY3JldCI6IklxOTVUNll3bmszazdrZ21tQ3ZFV3JBa3FUWHZvS2kycGx2LzE3SkgwQk09In1dLCJtaW50IjoiaHR0cHM6Ly84MzMzLnNwYWNlOjMzMzgifV19
I think Jimmy Dore is possible get. He had Max Keiser on as a guest. Said he bought some bitcoin.
He is also friends with Matt Taibbi who recently joined nostr.
18 hour audio book...at 2x... Let me get back to you tomorrow haha.
