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JackTheMimic
dd1f9d502c7951df47e8f8ed245e8bfa24f7e82c28f19399a8f0e74b06113a21
Hoch die anarchie. CTO at Sovreign.io

*aquire bitcoin* holding is a function of producing more than you consume, and government CAN'T do that.

Oh word? There's tons of stuff out there but nostr:nprofile1qqs9df4h2deu3aae83fmet5xmrlm4w5l9gdnsy3q2n7dklem7ezmwfcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz3rhwvaz7tekd3jks6rev3ehyargv9nk66tnxe6h2dn5w43kuerk0fmnwcm4vfc8z6mgweu8j7fhdfhkjmmrxs6k66mnwg6x2cty9ehku6t0dchsz9mhwden5te0wfjkccte9ehx7um5wghxjmnxduhs5nd6j2 has a great server stack. But if you're cheap, you can just flash their OS on an old Computer you might have and set it and forget it. I could walk you through it if you want, though their tutorials are VERY good.

Replying to Avatar Marty Bent

Bitcoin is Money AND Currency. This is the first time in human history that we have a single system that encompasses both functions.

I sat down with nostr:nprofile1qqs8dzjwlrgdzltmgmmzg50l3jpr3hxv357hj03rjut5jsfm5ugtv9gn0vuws to discuss why this is the case, real world examples of bitcoin competing with the dollar and how to think of capital gains tax while transacting.

Don't shy away from what bitcoin is. It is a revolution in accounting and economic coordination that should be embraced and celebrated.

Many think that admitting that bitcoin competes with the dollar is "poking the bear". These people are wrong. They are simply enabling the emperor with no clothes. Acknowledging that bitcoin competes with the dollar is the correct frame, especially as Washington DC is motivated to create regulatory structures around it.

How Bitcoin Replaces the Dollar - Parker Lewis

https://youtu.be/nRBQmmclBh8

As I put in the YT comment, I think that characterization is off base. While the dematerialization of a money commodity mixed with its own decentralized transaction network is the beautiful tool we all see Bitcoin as. It is not a currency. Not just semantically but functionally as well. I wrote an article about money that attemps to frame the Money-Currency difference in a digestible way here:

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I just use Debian. I didn't know you could be a Debian maximalist. I just didn't want to learn a bunch of different package managers and Debian was the easiest for me to understand. Is there some weird Debian stuff going on?

I don't understand. Is everyone suddenly for funding universities with tax (stolen) money? Also, this isn't a law, it's discretionary funding.

An analogy: Trump announces: I am going to stop funding the drug war if people protest against me!

Are you averse to THAT ultimatum? Legality has to be proven remember?

It seems people are obsessed with the U.S. president again. That really ought to help your family and providing for people you care about. Good luck with that. I hope being wildly spasmodic about things outside of your locus of your control brings you peace. Totally seems to follow logically.

Replying to Avatar Ch!llN0w1

Ugh. Define the term.

Replying to Avatar Ch!llN0w1

What resonance is this?

Is there a way to create an initial bootstrap that is replaced as soon as they pick a few people to follow, a notice pops up to say "Select relays based on where your friends post" this replaces the bootstrap and they see them more as the message board locations their friends post to.

Does that sound feasible?

Being able to program them to run off the road also has nothing to do with the engine. You can make a dumb electric car. Or a controlable ICE car. Electric cars have a more efficient thrust to weight ratio until you get over passenger weight. Basically everything smaller than an SUV should be electric. Everything bigger should be gas. Everything with REAL hauling and force application should be diesel. This is a power dynamics issue not a control one.

The main take away I got from this pod hinges on everyone's reliance on Bitcoin Core, and to a smaller extent Knots. We need 100 different Libbitcoin interfaces with the network. Eric is a very knowledgeable guy and his work is invaluable. So heed the warning, SINGLE POINTS OF FAILURE are bad. Everyone looking at robust layer 2 solutions (scaling money is not a compsci reference) might want to check their Presuppositions about a robust layer 1.

Regardless there's no point in convincing people to use one money or another, the results speak way clearer and louder than roadmaps and function adds. If Bitcoin was worthless no one would waste their energy making them, or trading for them, or using them. So, that on its face isn't true. From that framework there are still a multitude of possibilities.

It's not that it's good or bad. It is irrelevant. The government doesn't create value. So, any treasury simply delays an inevitable collapse. It's "good" if that Treasury gets dispersed to americans gibing the government their shitcoin back to them in exchange. But, an SBR doesn't DO anything to stop a train from running off the cliff if its tracks point that direction.

Hey lady, get a full swing in there at some point. Use centrifugal force not your deltoids, biceps, and triceps. That's a losing game. Swing to beat gravity, then help gravity beat your target. My 18yo self is screaming "lemme do it!" Right now.

Specifically I use 0xChat for DMs via Nostr but overall I don't see the use of DMs on a public forum type relay architecture. I would much rather post my SimpleXChat QR address and have people contact me directly that way.

Are there any other unreliable aspects you have noticed?

Again, you can't read so, I won't waste any more time here. Any questions just read what I already wrote. Those "currencies" you are referring to are not currencies, they would be called money. Anything that can be used non-consumptively as a trade settlement is money. In no case was there a currency that WAS a final settlement. Gold coins for instance are not currency, they are literally a monetary asset.

Physical USD is a fiat asset. Assets ARE the backing. Digital USD is not an asset it is a coupon redeemable for the asset (physical dollars).

You can try to insult all you want, you are wrong and might be the dumbest entity I've had the misfortune of responding to.

Replying to Avatar Tauri

There’s an ungodly amount of nonsense to unpack here. What do you think FedWire settles with? USD, a currency. What unit does the Fed use to maintain its ledger? USD, a currency. A currency is a denominator, not a certificate of ownership you muppet, that’s called a banknote. Visa and Mastercard are payment networks, not markets—holy shit, lol. And yeah, Gold has nothing to do with SWIFT, but under the fiat standard, dollars are supposedly “as good as gold.” Setting aside that statist heuristic fallacy, Lightning isn’t a currency because you don’t settle Lightning on-chain—you settle Bitcoin locked in escrow. The denominator—the currency—is still Bitcoin. Bitcoin is simultaneously money and currency on-chain. The base layer is a monetary system (a network for transaction settlement), and so is Lightning, although they have different properties. The fact that you’re trying to lecture me on money while spouting this clown-tier nonsense is hilarious.

You probably skimmed one retarded book on money—probably some Keynesian drivel or Lyn Alden’s half-baked takes—parroting that “money is a ledger” nonsense with zero citations from Mises, Rothbard, or anyone who actually understands the subject. If money is just a “ledger,” then what is the unit the ledger is kept in? What’s being accounted for? A ledger isn’t money; it’s just a record of debts and credits. The money is the unit it tracks, and if you don’t get that, you’re already lost.

Guy, Currency is BACKED BY A MONETARY ASSET. What is USD backed by, genius? Either you can't read or can't follow a logical train of thought more than a few ties. USD is a fiat asset after 1971. It is a terrible money, but more importantly its nature is muttled by its expansion by digital equivalence. A physical dollar is the asset, the numbers on a bank ledger are not always the asset and are the currency coupon of the USD asset. Hilarious that you think you have any idea about what you are speaking.

As for the ledger, bitcoin is in and of itself information on a ledger. The ownership of that encrypted information is locked behind cryptographic keys. I didn't say money is a ledger, I said bitcoin is information on a ledger. Dollars are a fiat asset. Digital dollars are currency on a ledger. And you have no clue what you are talking about.

Wrong, currency can not be final settlement that's why there are two different words. There is no distinction between a "network" and a market so that was just pulled out of your ass (especially since gold has nothing to do with swift). Study money, and get back to me. Bitcoin is money, Lightning is A currency. The "network" is your own fabrication. Bitcoin is information and as such its mode of existence is in a ledger.

He didn't say it's not money. He said it's not currency. There's a difference. Money is an asset that has no consumptive use, and is used to give FINAL settlement for commodity or service purchases. Currency is a coupon good for the redemption of money. Read my Article on this to understand the distinction.

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Totally agree because the lag between the gear grabbing and when I let off the brake in an automatic, is dangerous. Feathering clutch is way easier to manage space in traffic. I do drive a giant 18-Wheeler so, maybe that makes a difference.

This isn't an anti-videogames thing. It's an ambition versus comfort thing. Your reflexive response is asserting something not said.

Yes, using embedded node wallets that use backends that aren't yours ARE hard to control. I use my own CLN node to create any offers I want. Maybe direct this criticism to Phoenix and not the BOLT12 spec.

That really depends on if you would have your own bank accounts in a fiat standard. If you have a joint account, 1 node makes sense.

Share. But, I prefer CLN to LND so we each have our own LN instance on the same node. Same with our relay because we don't post too much.

You still sign channel state revisions with the on-chain key. I forget where I saw it but it was a compromised device not a LND specific issue. I.E. could have affected any "Hot wallet" type of program.

By what mechanism? The node has the XPRV secret and it is not propagated elsewhere. So, this is akin to having a hot wallet on your device and someone, knowing your password/passphrase, signing a transaction, and finalizing all without your knowledge.

"Issue with LND + Lightning" is almost certainly user error. Stay safe, route through Tor, only connect vetted lightning wallet applications to your node.

Replying to Avatar Travis West

I'd recognise that Adam's apple anywhere.

Yeah, turns out that was a local machine exploit not a flaw in LND. Either way, the point was risk tolerance is different at different income levels. Entrepreneurs boldly go into the darkness knowing most don't find safety. But for those who do, they forward the line of human progress.

Fair, just cleaner UX, UI. Pulls from Github, and has author signatures. (Also recently added a zap feature to pay for apps you appreciate) I used to use Obtainium. It had a bit of a UI problem but overall worked. Never use Google Play. To each their own.

So, you hold Lightning in escrow to a cashu mint. The mint distributes (in a loan) those cashu tokens against the locked up lightning funds. This allows fully collateralized loans without having to confirm it on chain.

Think of it this way:

>Anything you can do with gold, you can do with Bitcoin.

>Anything you can do with cash, (pre-1971) you can do with lightning.

>Anything you can do with credit, you can do with Cashu.

Credit is a loan instrument by its nature.