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10 sats \ 0 replies \ @SHORT_TSLA 28 Nov 2022 \ parent \ on: WhatsApp data leak: 500 million user records for sale bitcoin
Dead project at this point.
All that to say they're just adding automatic withdrawals. I was hopeful that they had a big announcement.
Appears to require an existing/outside lighting node. Kind of underwhelming tbh. Would be much more interesting if they had built in LND + btcd like many mobile wallets do.
Gell-Mann amnesia effect described by Michael Crichton:
Briefly stated, the Gell-Mann Amnesia effect is as follows. You open the newspaper to an article on some subject you know well. In Murray's case, physics. In mine, show business. You read the article and see the journalist has absolutely no understanding of either the facts or the issues. Often, the article is so wrong it actually presents the story backward—reversing cause and effect. I call these the "wet streets cause rain" stories. Paper's full of them.In any case, you read with exasperation or amusement the multiple errors in a story, and then turn the page to national or international affairs, and read as if the rest of the newspaper was somehow more accurate about Palestine than the baloney you just read. You turn the page, and forget what you know.
He's right. It would have driven much more demand for blockspace and therefore would have made the network more secure by making mining more profitable.
Shilling LBTC is just shilling BTC. Sidechains increase demand for blockspace, we need them (and other L2s) to make mining economics work in the long term.
Learn to live with them.
Yes, but there are non-algorithmic overcollateralized stablecoins or semi-collateralized semi-algorithmic (like frax).
There are multiple ways.
Stablesats uses a derivatives strategy, so there is no "issuer" per say.
Overcollateralized stablecoins are backed by collateralized debt positions owned by users.
Algorithmic stablecoins are a synthetic asset backed by a set of incentives to keep the peg.
Lightning is instant and off-chain, you should try it.
Blockchains with fast blocktimes are doing so at the cost of decentralization.
The average time between blocks in Bitcoin is ten minutes. This is a verifiable fact.
Those two chains you mentioned having 1 sat/vbyte fees all the time is either just because they have very little demand for blockspace (LTC) or they made some other decentralization tradeoffs (DASH, which also has very little demand for blockspace).
The fact that a 1 sat/vbyte fees amounts to less than half of a penny on those chains is a function of the tokens on those chains being worth very little in fiat terms.
An individual fedimint isn't intended to be hugely scalable, it's intended to be used by a community. What is scalable is that we could have a lot of interoperable fedimints via special invoices that could resolve to a fedi, lightning, or on-chain payment between fedimints.