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Alan Siefert
f26606e331f128325ec99cd38782edbec134a5f911ea9fada7adce2ca9015b16
Replying to Avatar QnA

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 đź§Š - 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 đź“”

đźź§ Your purchase sizes are limited by your inbound liquidity. Plan ahead!

đźź§ 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

đźź§ 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!

Bisq is also good. Maybe a steeper learning curve.

Yeah. It basically turns an open-weight model into a “semi open-weight” model where some weights are locked down against training. I’m certain there will eventually be regulatory pressure to add these limits to open models. I wouldn’t consider them open anymore though, since they would have limits on what can be fine tuned.

If anyone kept a buy order at 58k and a sell order at 69k over the last 5 months…🤌

Replying to Avatar nicnym

dogs

Them too. Drones give you some nice capabilities though. Like integration with fixed cameras (I.e. go to the location where motion was detected) and force projection (use a weapon outside the range of where you can personally shoot).

Bouncing between $58k and $69k has been a pretty stable pattern for a while. Both memes win.

The TLDR is that they basically lock down certain parameters to prevent them from being fine tuned. You might call the resulting model “partially open weight”. It also reduces overall accuracy.

They call it a “new trick” but this essentially just comes down to restricting AI model releases to closed and censored versions. https://www.wired.com/story/center-for-ai-safety-open-source-llm-safeguards/

Sounds like it could potentially be pretty powerful if Confidential Transactions can hide the amount of LBTC on a Lightning node.

Doesn’t liquid integrate with Lightning?

Replying to Avatar Shawn

Indeed!

Interesting times for Bitcoin are ahead.

I also suppose it’s fortunate for them that Bitmain is a Chinese company.

OK, apparently they do see the writing on the wall. The Foudry U.S.A. mining pool (with 32% hash rate) will receive a ton of pressure to censor transactions once Bitcoin is used for Russia-China trade at significant scale.

https://www.cnbc.com/2024/07/30/russia-considers-legalizing-crypto-as-a-form-of-payment-amid-sanctions.html

How does the US manage to block direct trade between China and Russia? Anyway, why they aren’t using Bitcoin for this yet is beyond me as well. https://www.businessinsider.com/russia-economy-china-yuan-payments-delay-months-bounce-back-sanctions-2024-7