Dont we all live in nature with a SATellite connection already? Cmon

Im smoking grass

Whos working on that? 😅

Yes I just found some good quotes about it by Satoshi

Thanks for reading. I wonder how much is really about that. For sure it will be more and more relevant as the knowledge and tools become more easily available, and as the electricity prices go up and up.

But I believe a big part of it is also because new ASICs are much more efficient so the miners that wants to stay competitive switch to much higher hashrate with the same amount if electricity, and selling tons of older miners for cheap so people with innovations/cheap electricity can run the old asics as well.

The new asics are pretty much around break even profitability around BTC=21K$ in many countries. I know I mine for a small loss but I dont mind because there are benefits for it and if it goes to 23k it seems like profit all of a sudden, in fiat terms.

Its just something I like to do. Usually I carve tibetan mantras, but I did one "bitcoin mantra" - 21/infinity.

Haha soon I hope the real experts will join us :)

Yes I am asking about the other side of it - if you get paid with lightining you want to keep at least some of it in cold storage. Never moved from off chain to on chain before...

Youre welcome! Heres some more :) #64350

Get some people from Nigeria and El Salvador to answer it as well ;)

Thanks! And how do I change LN sats into on chain sats?

Thanks! Very interesting. I should see what are LN nodes. I have some digging to do. Also will see about running a channel if already exploring this... (did you experiment with it?)

Yeah I read (and wrote) about Strikes work, and saw Jack's amazing presentation to the IMF. But didnt get into the technicals of it. I have the book Mastering the LN but only read a few pages ... I guess its time to continue reading.

Anyways sounds like very interesting developments are coming for lightning. For me all the crypto fomo felt so shity because I started getting LN.

For instance I love Brave browser, but why use their coin instead of Sats? All the P2E as well etc... Hope soon the lightning renaissance will be upon us. Very exciting that we communicate now about Bitcoin thanks to the LN.

Adding to question number 1 - when and how do you think is best to turn LN sats into on chain sats?

Agreed A Greed

Nice! Hope youll contribute much to LN.

I am into it first for the freedom it allows personally and mostly where its really needed.

But honestly I am falling into the rabbit hole of heating with asics more than anything else at the moment

ETH merge or Tether audit, what would happen first? lol