pull down to refresh
0 sats \ 0 replies \ @BallLightning 23 Dec 2024 \ parent \ on: IMF and El Salvador bitcoin
As far as I know it is not. I am talking about what things should be, not how things are. Furthermore if we ignore the barriers to entry due to transaction fees, we still have the problem of bitcoin volatility. And that's because everything there is priced in dollars. If things there were priced in sats maybe that wouldn't be a problem, but I think prices in sats is something that can only possibly happen at the last stage of bitcoin adoption.
Even if you don't have enough to stack, you should be able to use it to buy things you buy as a poor person.
Well, this is a failure of bitcoin then unfortunately. But if bitcoin can't handle this case, you can still can use custodians as you said.
I wrote somewhere something vaguely related that it is that base routing fees make sending very small number of sats too expensive, but I was immediately attacked for, quote, "missing the plot". Go figure.
Bitcoin and sats. Although I find it a little awkward that 100 000 000 stas is one bitcoin (the number of zeroes does not divide by 3), but that's what it is.
You can't really use bitcoin as unit of account, until things you buy start being priced in sats. Up until now the only thing I have seen priced in sats was the defunct wallet mutiny's mutiny plus subscription.
0 sats \ 1 reply \ @BallLightning OP 12 Dec 2024 \ parent \ on: Lightning receiver privacy lightning
Don't PTLCs still require the destination public key to be in the invoice?
I have that and used it for other use cases, but unfortunately with lightning address you can't have proof of payment (preimage connected to a specific amount paid). And I also need that.
I might do this in the future, but currently this is too much friction for me. I don't have a device to run my own node on.
Unfortunately I have a real (although not very important) use case of sender and receiver not being online at the same time (due to different schedules and timezones). I thought pending HTLC, although frowned upon, are permitted (so called hodl invoices).