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Hanshan
f985d309197c805e1719c73185b574fc3ee407d7c1b6157dee99c6ace2599bbb
Life is short and lonely. Do not be a slave to sensory gratification. People improve through making mistakes. Free people make their mistakes faster. Nostrich since 761114.

for real

the whole reason i started on twitter years ago was to up my communication game

its a good challenge, even if its futile in the end.

i thought I'd try being nice and explaining politely 🀷

apparently I only defend LN to the mentally ill who refuse to listen or try to understand anything that is said πŸ™„

it sounds like you dont understand what "self custodial" means.

its got fuck all to do with miner fees.

but i understand you need to say something to rationalize doubling down on something you're ignorant about.

you always pay a miner to include your tx in a block.

"non custodial" means you hold the private key.

not that you can send it around the network for free.

when you close a channel all you are doing is sending Bitcoin to a different address

you're not paying a fee to do custody.

you send from one address to another address (w/multisig) to open a channel.

then when you close you send to another address.

its literally just sending Bitcoin around

if you send a utxo into an address with multisig spending conditions

and then use both multisig signatures to send it back to single sig

its NOT self custodial....?

because fees?

more hilarity from this guy

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explain why an onchain tx means its not self-custodial.

i send onchain txs all the time. there are fees to use the Bitcoin network.

why are onchain txs that pay fees not self-custody?

each party sends a new signature to the other every time a transaction is made that updates the balance.

this enables either party to unilaterally close the "channel" whenever they want (since they have two valid signatures) and get the sats back out on the mainchain.

do you understand what multisig is?

because you need to understand multisig to understand payment channels

and you need to understand payment channels to understand what the LN is.

they are not on third party custody you unbelievable knob

they are in a channel that I have the keys to.

in this case I am also running the node, not that its necessary.

nobody can take them or spend them without stealing the keys that I am holding.

self custody.

1. you dont have to run a full node to self custody sats on LN. youre advertising your ignorance.

2. its retarded to wait around for someone to prove it to you. you can literally learn about it and use it yourself.

i have 58k sats in this LN channel

this is just "custodial #Bitcoin is not Bitcoin"

which doesn't have anything to do with LN specifically

when I went keto, mushrooms stopped working for me

weirdest damn thing

living for God and not for yourself

that is a meaningful life.

i already need three lifetimes to learn all the things I want to learn

"real WoT has never been tried"

i don't know what "wallets with less than 1% of payments" could mean

"I have no need for strong privacy"

🀑

looks good πŸ‘

that channel is alright actually. they did an interview with Amir that was extremely cool.

but "Crypto Tips?" smh 🀨

Maybe he was just making an excuse.

it was a plausible problem, but not verifiable.

do they really care what assets you hold? or if it's really a problem can't you just flip everything into tether or whatever?

I use their mail for my KYCed public-facing stuff. and selfhost Standard Notes, which is owned by them now.

but thats kinda all I'm interested in I think

if complete transparency is the price of integrity we are all fucked

also

trusting cryptographic primitives to guarantee supply will become as normal as trusting elliptic curve operations to not generate addresses that belong to the same wallet.

we are early and suspicious of maths we don't understand

i think so 🧘

I have a friend who quit being a Zen priest to have a family in rural France.

He just told me it's more difficult as a regular householder to cultivate a spiritual practice. Kids and relationships are messy.

Everybody makes their own choices. Keep your attention on the life you want to lead and just start living that way.

this is patently false. people have always traded in different currencies.

it's just a darling idea of bitcoin maxis that now, in a hyperconnected world, all money will return to one.

remains to be seen.

and a hard cap on the number of monetary units incentivizes SoV and foists the security budget on people who make transactions.

Bitcoin is digital real estate, not money.