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Hynek
f88e6629b320c83b559075b084d14c00043e01dc206918782ce40d54e5254dd5

Trezor for onchain savings. For spending probably nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5

Thank you..

It seems that Rescan wallet helped…

But I’m still bit afraid to use it with onchain funds 😬

I’m trying to use it without my node. Use some LSP instead. But maybe it’s not possible?

I’m testing nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 with LSP - on testnet. Whenever I send bitcoin onchain, it doesn’t appears in the app. Any idea what could I be doing wrong?

(I was testing testnet3 and testnet4)

High-level idea for gradual scaling of bitcoin with the proper combination of verified contacts, cashu, nostr, and channel factories.

See the post on GitHub:

https://github.com/hynek-jina/Hynek/blob/main/blog/Channel%20Factories%20fueled%20by%20Cashu.md

Imprisoning a person seems to me like the most desperate solution, one that does not compensate the victim—instead, it indirectly forces them to pay for the costs of incarceration. I understand that there are situations where, as a society, we don't know how to handle it differently, but it should be only a handful of people, with the awareness that this is a suboptimal solution and with the hope that we will soon find a better one.

If a country specializes in imprisoning people, it feels like modern-day slavery to me. And the relative number of prisoners could serve as an index of that culture’s backwardness.

But also … DCA also has dollar in its name 💩 → it just doesn't have a future...

https://stacker.news/items/15797/r/hynek

That doesn’t correspond to DCA

Bitcoin is more than the best store of value

https://breez.technology/report/

Another beautiful consequence of verified contacts being able to issue their own Cashu tokens is that it simplifies communication within a Lightning channel factory. Once you have verified contacts with their npub, you can coordinate the construction of a new channel factory and, more importantly, modify the distribution of existing virtual channels within the factory.

You can freeze the state of channels and continue clearing via Cashu tokens. Once the new channel distribution is settled, you can redeem the tokens back through your newly established channels. nostr:note1qsrafmu9qfdmk2efpsp2zynuu2tm0lkfp9qmnu70qw0kmhxx78qsp66awd

Imagine if everyone could issue their own IOUs in sats. I don’t mean just anyone, but literally everyone. You would accept promises only from well-known and verified peers—and only up to a certain amount. You would compare the risk of losing this money with the cost of bitcoin settlement.

During times of cheap block space, like now, you could settle on-chain more frequently. If you have a stable internet connection on your mobile, you could start opening channels with your peers. Once you have a few channels, the incentive to hold IOUs decreases. And with further optimizations, it diminishes even more.

This could extend the reach of the Lightning Network, connect the missing points, and, over time, help build a truly resilient network. nostr:note1jzddz5nn2ljaeclh87ht0pqljzhlj67dynztpa20kafyvtpmz3ksm3squ5

If we can’t guarantee that nobody can print money the second best could be that everyone can print. And with verified peers the ecosystem could evolve to intended state that nobody is actually printing. nostr:note1wc78ac9nlkxqwqk4sy76255g27xqsnfrsw30cvvja7sugg3jtg8qr787ez

Probably using some custodian like Coinbase.. but I don’t know..

Self-custody is not trivial, but self-custody for state institutions will be huge honeypot and therefore really difficult to maintain.

https://www.ft.com/content/a3c06f8f-34ad-4065-bcf4-97670230824f

Mělo by se to jmenovat spíš Refactorio 😂

Ideální jestli celý den programuješ a potom hraješ ve volným čase v podstatě stejnou hru 🙂

I'm preparing a simple transaction merging tool for old-fashioned onchain transactions.

You send a bitcoin to someone, and they send it to someone else. Both transactions are still pending so you can merge them together without cooperating.

You will optimize the transaction size → 🏃speedup the mining or 💰increase your change output.

Let me know if you find it useful. You can help with testing, if you like :-)

With ecash you have to trust someone... But that someone could still be you.

- E-cash is awesome and sucks

- Bitcoin is awesome and sucks

- Nostr is awesome and sucks

But all combined could be huge 🔥 nostr:note1qzye7ekjgq2gw6rr5v5vc3h6mf2043tshtnsmdk6vskx26dlgx5qskqz34

Phoenix now supports BOLT12 🎉

But I still don’t like their vendor-lock 🙃