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0 sats \ 0 replies \ @02947a7fb5 11 Nov 2022 \ on: Why are you in Bitcoin? bitcoin
I believe in the separation of state and money. Also bitcoin+LN has less friction compared to banks and Venmo like apps.
Also you deny losers who sell your data.
If it’s an unsecured loan, go for it. If you gotta put up collateral then wait for bull run confirmation.
Also putting your bitcoins on any platform you have a risk of losing 100% of those bitcoins due to platform failure.
Gl hf
Can’t remember which miner has a service that allows for non standard transactions to be included in their blocks. Not all mining pools do this sort of thing.
This isnT a “normal” transaction. The 3M+ sats was for a specific miner and the service fee to push out such a tx.
200M to 1B sats in node size is probably the minimum why,
Enough channels for your 100+users to have enough liquidity to utilize from. Anything short of that and you most likely won’t have enough sats from forwarding fees to cover your expenses. Users are what generate sats for your node, I’m talking mobile wallets with private channels or lndhub/lnbits wallets.
Perhaps in the future more users will benefit routing node operators more.
Anyways stay safe gl hf don’t get scammed.
Short answer yes. Along with property tokens, company tokens and whatever else people can think to tokenize.
Just remember shitcoins are temporary and bitcoin is forever.
You know how much junk people buy? Yeah all of that useless crap will be cut out.
Well yes because LN is able to. That Doesn’t affect normal/other transactions/purchases. Again things priced in fiat will trend down in terms of sats until a certain point.
Well some. River is putting out average transactions of 47$. So you can convert that to sats and extrapolate trends from it. Institutions will either use onchain or liquid for fat sat transactions. So most of those will be off LN. I’m sure we will get an average size much larger than a median size. I can’t imagine what large corporations would be using LN for other than to sell and pay employees with.
Well yes. When items are priced from their fiat equivalent the amount of sats will be lower so channels will be able to route more and routing to an exchange will give you more buying power when converting to fiat from sats.
I won’t complain if my sats are worth more in fiat.
Average transaction size will generally go down over time. Sats will appreciate in value and everything else will deflate. LN channels will hold more value and be able to transaction more value per sat and the early holders of sats will be able to buy more for less sats.
If I had to choose one, the Iranian government or vpns, I’d choose vpns. Lol. Lucky Iranian government has an army or they’d all be fired.
Big sad.
Reminder that bank accounts do not hold your money. They are ious to you from the bank.
Preserve your wealth in bitcoin.
The economic incentive is cutting out visa/MasterCard and the banks.
The financial incentive is wealth preservation. Remove inflation theft and coerced taxation.
The individual incentive is freedom from unwarranted seizures and freezing accounts. Keeping private data private.
Eventually people will move from a crappier money to a better one. The reasons will just keep piling up.
Clearly consensus says empty blocks is better than blocks with transactions. Lmao. This is fun to watch.
Ah yes the days of using shitcoins. Used them primarily for legacy platforms they mimicked. Easy signups and account creation since a hww was all you needed. Yeah glad I got out before the hacks came in and the yield died. Gpu mining was also profitable until it wasn’t. Everything over there is temporary.
Now bitcoin and lightning network are great and every time I get the chance to get cheap sats I’m happy. There are enough services on LN so can’t complain. Plans now are to open a business or 2 that will accept sats and to cut out visa/MasterCard as much as possible.
Gl and stay safe everyone. Rug pulls everywhere
Financial surveillance is sure great. Headline itself is a red flag but turkey has an army so yeah….
Strike works for me. No weird account locking except near the beginning when I first started using strike. Locked my account randomly for a day and then after complaining to customer service they unlocked my account after 48 hours and never locked it again. The plaid integration honestly is another security risk but fiat world is just full of clown stuff.
Just remember to ground your expectations, you are using strike’s services so you are asking them permission. The app will work until it doesn’t then you’re at strike’s mercy. Don’t treat your strike balance as your money because when it comes time to withdraw from your locked account, you’ll be disappointed.
Not your keys not your coins.