Great article! I'd not heard of this guy before. Just looked him up on X to see what else he's about.

I'll read through this link and get back to you. Thanks for your thoughts on this.

Couple of questions -

Do you think it can still flourish in this sector of the market with intellectual property still in existence?

Why do you oppose intellectual property as an idea?

I've always wondered if the value extracted from intellectual property rights can live fruitfully alongside the v4v concept.

In a literal sense, they can coexist, but would that prevent either one from fully flourishing?

Is the intricate web of intellectual property rights and how artists eventually receive their royalties, at odds with the concept of v4v?

Music example -

My (very big) assumption is that Wavlake is only doing deals directly with artists. They take their cut, and the artist's song is now available for streaming and v4v payments on their site.

In most cases, I also assume there aren't labels involved, but I do think there system of split payments could account for their involvement.

What may not be happening is reporting to the PROs (BMI, ASCAP, etc.) which tracks public performance uses for the songs they represent. This would activate artist royalties when reported. The PROs are just one entity amongst various that should be reported to to receive proper remuneration for the use of songs (as it relates to intellectual property rights.)

If Wavlake artists are not affiliated with any of these entities, then it's all good. If they are, and Wavlake is not reporting, then the artists are surely missing out on their royalties.

Just to be clear, I'd like for this to come across as just some thoughts I've had related to v4v, not as a complaint.

If Wavlake begins partnering with labels and reporting to all appropriate entities, will the costs then become prohibitive for them? Or can these two concepts coexist?

Does this also mean that there is a whole swath of artists that now exist outside of this "music industry" system? I know they've always existed, even before v4v was given a name, but just humor me for a moment.

If the concepts are mutually exclusive, is the existence of one better for artists than the other?

You can now take these questions and apply them to all forms of intellectual property.

I tried not to get too into the nitty gritty of music industry specifics, just so I could get my point across as clearly as possible. Hopefully, I achieved this...

Take my sats and keep writing!

😁 I don't think I've ever come out of those sales without at least one new book in hand. I'll tell myself that I won't buy one and that I must finish reading more of the ones that I already have at home. That never works!

gotcha.

Any particular reason you started it out of order?

I had rezap this one after re-reading it. The link to Bitcoin.design at the top is also super helpful for understanding what's going on.

I have a couple of specific questions that might help me understand this even further -

I'm opening my first LN channel through Alby Hub, but it's requesting a specific amount of sats (avg of 20k) to open the channel. It then says i'll receive 1,000,000 sats in incoming liquidity.

How is that ability to receive 1,000,000 sats right off the top possible?

Can I still set my outbound liquidity to any amount I want?

Lastly, just a thought experiment - Is there any way to fund the opening of the channel with sats that are currently sitting in my SN account? Or do I first have to fund the opening of the channel, to then be able to receive those sats?

Thanks for all your help!

Agreed

Funny, I had the same experience. I think I tried Insomnia and IT, but couldn't get into them.

Then, a couple of decades later, a friend of mine gifted me the first book in the Dark Tower series. I read it and it sort of grabbed me, it was different... I then re-read it a few years after that and I was finally in.

I think the Dark Tower series is one of his best within his catalog. Salem's Lot was another good one that I ended up reading because of the Dark Tower series. All of them are a strange blend of sci-fi and horror.

I'm currently reading the final book in the series. It's been a long journey.

I feel you. I also just read through the comments and I think I'm actually a bit more confused.

Just based off of @koob's first comment, is this the way self-custodial LN payments work everywhere else, or is this clunkiness occurring because it's a new implementation for SN?

If it's like this everywhere else, I'd imagine it will be hard to gain widespread adoption. It takes a lot of research to get everything working correctly. That's not such a foreign concept for me, but it can feel very daunting sometimes.

Neither did I, until I read this series. It's about 7 or 8 books, but there are other King books connected to the lore in some way. Some say that all the King books are connected to the Dark Tower series in some way or another.

Don't wait for the perfect moment, we're already participating in the Bitcoin economy.

Would you consider Stephen King's Dark Tower series science fiction / horror? I feel like it fits right in.

Some excellent storytelling in this piece. This potentially could've been the driest story ever, but you inserted some interesting personal stories with all of the financial facts which kept me intrigued and learning all at the same time.

It's always funny to be reminded how much the U.S. Dollar is still used for illegitimate transactions globally, and yet the media would have you think otherwise. Hah!

BTW. I've seen robosats mentioned all throughout SN, but in just one sentence you helped me understand a perfect use case for them. Strong closing!

Love this! Keeping it basic, but also short, so that these fundamental topics are easy to digest.

I have a soft spot in my heart for Japanese culture and history. I love these type of open-ended discussions. Great work on this!

Heard this classic this morning on one of my favorite radio shows -

They take some getting used to, but I've been using them for so long that it's like second nature. They're pretty standard in recording studios.

But yeah, every person that sits down at my desk that is not an audio engineer is like.... what the heck is this?!

As an audio engineer, this is a truly important topic for me. We spend too many hours with our hands attached to a device that controls the cursor on computer screen.

The Kensington line of products has been my go-to for many years. I'd been using their Expert Mouse Wired Trackball for a number of years -

But, after a couple of years I started experiencing pain and discomfort in my hand, wrist and arm. The stationary nature of this trackball really helps + the assignable buttons make my editing way quicker, but my hand would perpetually end up in an unnatural position for most of the day - sort of parallel to the desk surface. This is what was prompting much of the pain.

Over a year ago, I switched to their Orbit Fusion Wireless Trackball -

It hasn't solved all of the pain, but it greatly improved the situation. It gave my hand more of a natural tilt + the trackball has a smaller footprint on my desk.

I was too afraid to go with one of those mouses / trackballs that would place my hand almost fully perpendicular to the desk surface. Either, I'd be stuck with a mouse that I have to move around (I prefer trackballs) or, as one of my colleagues that works in the same space pointed out, the trackball would be assigned to only my thumb and that gets tiring pretty quickly.

I guess I didn't really recommend any of the ones you shared above 😁, but maybe the extra insight will help you decide.