Discord is the perfect first app, congrats!
Pretty excited about this presentation from nostr:npub1cd0l3s6qgj0s6690rtkys39mgj5upwxpm4856nhmce0pyqu6xj9qh7xlvx! Have been thinking about The Bitcoin Stack for a while, and been really excited about nostr being the user/communications layer living on top of the LN layer for payments and the BTC layer for money/settlement for the last year… but this talk crystallizes specifically what use case The Bitcoin Stack is uniquely excellent at: Everyone Payments! Pumped to see prisms progress 🤙
h/t nostr:npub18lzls4f6h46n43revlzvg6x06z8geww7uudhncfdttdtypduqnfsagugm3 for the nudge to watch the talk :)
My earlier attempts at a Bitcoin Stack visualization… nostr:npub1cd0l3s6qgj0s6690rtkys39mgj5upwxpm4856nhmce0pyqu6xj9qh7xlvx's is much better lol 🙃 
nostr:note16ksg7xp5c96h50ldsy08f9qldhgrvsddl5ysltdk6ag4jjfvc63qvxwa2x
Be like nostr:npub1dxs2pygtfxsah77yuncsmu3ttqr274qr5g5zva3c7t5s3jtgy2xszsn4st, hack the planet!! nostr:note1fqent9kv5xrcev8pzk2ut06wz2j2httf8xlpapk86c0yterkj23q08s59l
I salute you Mr. nostr:npub1dxs2pygtfxsah77yuncsmu3ttqr274qr5g5zva3c7t5s3jtgy2xszsn4st 🫡
LND v0.17 is here!!! Simple Taproot Channels have officially arrived 🥕🥕🥕 (and finally some SQL goodies which might be even more important iykyk)
https://github.com/lightningnetwork/lnd/blob/master/docs/release-notes/release-notes-0.17.0.md
Gm. The most important quality of the Lightning Network is the permissionless nature of running a routing node, because that creates constant downward market pressure on routing fees. Permissionless means that ANYBODY can set up the software and start forwarding payments (including AI agents 👀).
Can we measure how well supporting permissionless node operations is going? Kind of! The Terminal list from Lightning Labs ranks the routing node market in terms of outbound liquidity, or how much capacity each node has to send payments. By my count, 80 of the top 100 nodes on the list are run by plebs, with only 20 associated with well-known businesses. That’s pretty great imo, let’s keep it up!
As long as we ensure that running a routing node is permissionless, and we keep increasing LN’s network effects, we are going to win! ⚡️
luke skywalker nooooooooo dot gif
ICYMI, Taproot Assets are so back
Hot off the presses, tips for managing LND in the current fee environment:
Dude must’ve been cryogenically frozen in 2017 and just woke up. Only explanation
I do it for the 6.15 BTC Satoshi promises is waiting for me in the afterlife 🙌
Been spending time with the shitcoiners this week at Consensus in ATX. Mostly in private everybody is pro-BTC. But just met a co-founder of a company that is working on “tokenizing global wine and spirits to unlock billions of dollars of value stuck in people’s basements” 🫠🫠🫠
I can’t take much more of this. BTC++ you’re my only hope.
iykyk #vanity
Congratulations y’all!!! ATX represent 😤😤
Default is “the maximum msats worth of HTLCs that can be pending (or in-flight) on our side of the channel.” And `lncli openchannel —remote_max_value_in_flight_msat` allows you to adjust beyond that default upon channel open.
https://github.com/lightningnetwork/lnd/commit/a66a1e113fb04912ac2e8ae62446bce8fed8d12a
Afk but can check later. What default would you consider proper?
Lnd allows you to set both max_value_in_flight and remote_max_value_in_flight_msat per channel. Is that what you’re talking about? Both set “the maximum amount of coins in millisatoshis that can be pending in this channel.”
Oops, in second paragraph should be “zero** trust, highest** stakes”, not “low trust, zero stakes”
It’s also a confusion of product and protocol prios. Protocol should be designed for the zero trust, highest stakes sovereign individual as a first class citizen. That’s what keeps things permissionless and decentralized, ensuring free market economic incentives. Holds true at the bitcoin layer and the LN layer.
If you’re designing product for low trust, zero stakes sovereign individuals otoh, good luck 😅 small, tough market! Much better to meet high trust, low stakes, large user cohorts where they are and provide a convenient abstraction over the raw protocol.
#[0]-voice: "mandibles"
Another thing experienced node operators do to mitigate this risk is consistently push local balance to remote (either via Loop or direct to exchange). Caps risk of an attack like this if their counterparty tries to rug
Corollary: “Lightning nodes are basically full reserve, zero leverage bitcoin funds with payment services attached. It’s totally normal to keep your savings in one.”
#[0]
By far my favorite quote from this month’s macro insanity was from #[0]: “banks are basically highly-leveraged bond funds with payment services attached, and we treat it as normal to keep our savings in them.”
Absolute 🔥
Feeling very comfy with my BTC in self-custodied cold storage this morning. Too much chaos in the world today to trust a third party with custody of your wealth.
Correct, “Clients fetch data from relays of their choice and publish data to other relays of their choice. A relay doesn't talk to another relay, only directly to users.”
Just saw Alby added NIP-57 support today! Zap me to test and see if it actually works 😜
Taproot keys are just the most updated version of bitcoin keys that we got in the last soft fork. Their capabilities are too much advanced beyond Segwit keys or older, still early, but at a minimum they can sign nostr events and own on-chain bitcoins! Soon they’ll be able to own Taro assets, open LN channels, and much more I’m sure. River has a good article on Taproot here: https://river.com/learn/terms/t/taproot/