Not your keys, not your coins.
Not your server, not your data.
Linux, GrapheneOS, nostr:npub126ntw5mnermmj0znhjhgdk8lh2af72sm8qfzq48umdlnhaj9kuns3le9ll server
De acuerdo contigo, acabo de manejar entre dos países en Europa y 140kph es la velocidad perfecta. No estas fuera de control, vas bien y ahorras tiempo.
It's great to get spammed 1sat tied to a marketing message from random companies in the space. Nothing pops-up, just randomly check my node activity and see 1sat, 1sat, 1sat... keep em' coming!
Will there be any net positive benefits to society if the Google breakup is successful, nostr:npub1mznweuxrjm423au6gjtlaxmhmjthvv69ru72t335ugyxtygkv3as8q6mak ?
I ponder on this from time to time. It's too scary that I just stop thinking and buy a little bit more bitcoin at that precise moment.
The Bitcoin Banking Model
Global financial institutions operate with a “guilty until proven innocent” model when onboarding clients. We all need to prove, via documentation, that our source of wealth is legitimate and that we will represent a net benefit to the bank. This is the unfortunate reality we live in as a result of illicit activities carried out by some and that banks try to prevent.
By contrast, Bitcoin is built with a “innocent until proven guilty” model, where cheaters are prevented or ejected by the protocol itself. When things get bad in Global South countries, banks tend to pull out as a result of their “guilty until proven innocent” model, leaving behind a trail of unbanked individuals, families and businesses in their time of need. Bitcoin does not pull out, it is constantly on, serving as a financial lifeboat to those that need it the most, from putting bread on the table to buying raw materials for their business.
I got really excited recently, when I got this notification until seconds later I realized it was a fake Lyn 😂 😂 😂
Hopefully one day the real nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a will follow me 😉
Didn't know this account was on Nostr. Thank you for making my day nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
The only happy creatures when the Titanic sank were the lobsters in the kitchen.
Bitcoin is Digital Gold for Global Transaction Settlement
A Bloomberg article saying bitcoin is not digital gold is wrong; they’ve completely misunderstood what that means. Bitcoin is digital gold for settlement, it allows counter parties to transfer value AND settle at the same time. Currently, the traditional financial industry transfers value and then settles with a delay, such as T+1, T+2 or longer. This widens foreign exchange spreads, creates unnecessary credit risk, generates idle pools of capital and slows down the pace of global commerce.
Bitcoin can and is being used to convert from one currency to another in a manner that is instant (thanks to the Lightning Network), removing credit risk, tightening spreads and allowing corporate capital to be allocated more efficiently to speed up trade. It’s reach goes further than traditional finance since it can handle transactions of almost all sizes in a cost-efficient manner.
We live in a world of financial throttling, where money’s flow is capped by the capacity of the existing financial rails. Not only is it throttled but also heavily intermediated, siloed and costly; these are more pronounced in the developing world unfortunately.
Existing financial rails can be combined with the Bitcoin blockchain and the Lightning Network to make them faster, cheaper and interoperable. This powerful combination has the potential to bring finance to anybody and everybody; whether its an individual a business or a sovereign nation.
Pretty good privacy flow that covers *most* average Bitcoin use cases 👇
BUY 🤖 - For use when you want to obtain sats that are not tied to your personal identity #noKYConly
➡️ Robosats Trade > Use proxy invoice when withdrawing to own your node > Accumulate/spend from own node.
SPEND 🪙 - For use when you want to use Bitcoin as money
➡️ Not too much to say here, LN has good base level sender privacy when using your own node.
STORE 🧊 - For use when your node balance gets close to channel capacity, or to a value that you want to move to cold storage
➡️ Carry out atomic swap on something like https://boltz.exchange (use the .onion address) to go from your Lightning channel balance, straight to an address controlled by your hardware wallet. Boltz has a 0.5% service fee, plus you'll of course need to pay miner fees, which are negligible at the time of writing.
NOTES 📔
🟧 Your purchase sizes are limited by your inbound liquidity. Plan ahead!
🟧 If you don't want to or can't run a node, swap out that step for a nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 Olympus channel with a lightweight node on your phone. I recommend Zeus because spends from there are more private than in Phoenix due to client side path finding
🟧 When using the proxy invoice feature in Robosats, you may need to adjust routing fee and proxy provider allowances slightly
Happy to take questions or comments. Put down the CashApp and give it a go anon, I dare you!
How do I create a proxy invoice?
And it takes even a deeper level of understanding to keep buying or buy for your first time at these levels because it's still early. Bitcoin's industrial use cases are not priced in. They might be to a certain extent by bitcoiners, but not by the rest of the world. I forget who said it, but it will get to the point that bitcoin's intra-day movements will be in the $60k range and we won't even notice.
When will Authy stop working on GrapheneOS?
Just make sure you keep some always ready to spend. As bitcoiners we have a responsibility to "spend some" if we really want to incentivize bitcoinization. It won't happen if we all just hodl.
Some highlights of how the US would look like under Trump, as it relates to bitcoin and digital assets:
- Create a “strategic national bitcoin stockpile” for the US: Not really “creating” one, rather keeping what they have confiscated; but it’s another step in the right direction. Every single country on Earth should have bitcoin as part of their reserves.
- Prevent the creation of a Central Bank Digital Currency (“CBDC”): As much as I like this and believe CBDCs are the worst thing, it will only be a matter of time before the US gives in.
- Support the right to self-custody: The majority of people are not even aware what this means and it’s one of the most important things. Hopefully, this will shed some light on its importance.
- Fire current SEC Chair Gensler: It’s needed for the sake of the US not falling behind on bitcoin and digital asset adoption.
- Form a crypto industry presidential advisory council: Great as long as the bitcoiners do a good job and doesn’t become a s#!tcoin advisory council.
- Regulate bitcoin and digital assets by people who understand them: Very happy to hear this and I hope that they realize that they can’t apply analog laws to a digital world.
- America to become the undisputed bitcoin mining powerhouse: Great for energy efficiency.
I will believe all of this when I see it.
Reading the GOP’s 2024 Platform as it relates to bitcoin and crypto:
“Republicans will end Democrats' unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency. We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control.”
It’s great to read this, but there is a slight oxymoron with one of their promises:
#13.: Keep the US Dollar as the world’s reserve currency.
Source: https://www.presidency.ucsb.edu/documents/2024-republican-party-platform
Bitcoin is the best way to transact and to protect purchasing power over time. Let’s see how this develops.
The urge to drink on a Sunday and rebalance channels
This could possibly be the best news (since CBDCs would be the end of financial privacy, not to mention CTRL + D kind of money) and yet Bloomberg finds a way to put a negative spin to it.
Trump’s Disdain for Digital Dollar Risks ‘Cold War Era’ in Money https://www.bloomberg.com/news/articles/2024-07-19/trump-s-disdain-for-digital-dollar-risks-cold-war-era-in-money
Thinking about the recent Microsoft outage. What would happen if for one hour, Google Workspaces, AWS and Microsoft Azure went offline?
Centralization of digital services will only keep consolidating more, leading to worse outcomes in the future.