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85 sats \ 0 replies \ @justin_shocknet 7h \ on: Are we over obsessed with labelling each generation now? AskSN
I think it's downstream of the rate of change in society driven by technology.
20 years age difference has never been so meaningful to economics and culture.
There's some precedent with major geopolitical events, the greatest generation via WW2 etc, and the boomers they created... but even the scale of that was technology driven.
There's still people alive today that were once in awe by horseless carriages, it's entirely rational to demarcate the cohorts.
Got a buddy in enterprise saas who recently had a new CTO come in and tried pushing infrastructure-as-prompts
He didn't last long
efficiently deployed BTC
Couching their own numbers and contrasting with 2.5% actual sums it up, they're cherry picking their data.
Afaik they aren't providing any services on the network to draw organic traffic, this means they're racing to the bottom trying to arbitrage just like everyone else. Can beat that market on short-timeframes but the market wins in the end.
There was an SEC announce recently that ETF's will be able to start taking coin in-kind, so just a matter of time till you'll be able to borrow against it at 6% or less with a .25 margin ratio... full send once that's available in the major stonk apps, there hardly ever be a reason to sell at all.
Current products aren't worth it given the rates and LTV
None of the economically important parts of bitcoin -- economically important enough to control development -- needs lightning.
Terrible escalation, because I generally agree with that.
I'd probably nit the definition of "control development", on the one hand Lightning has and will continue to influence development, but more on the shell rather than on consensus which is why I'd tend to agree. The core isn't impervious to the incentives created by the shell but it's very resilient.
As an investor, long term I need lightning for bitcoin to succeed.
See, even as a Lightning maxi I have no illusions that Lightning is needed for it to succeed as an investment. Bitcoin will always be Numeraire.
lightning to be a bit drifted and vulnerable to corporate capture
This is where I'd say lightning is needed, from a cultural perspective. Glad we found our fight!
If the culture of Bitcoin is to revolve around circular economies, self-custody, censorship resistance, then Lightning's use-cases for merchants is the only real avenue for that.
Lightning cannot succumb to ETF's or Treasury companies, the incentive for merchants to own their revenue tools or for users to buy things they're not allowed to is more levered to Lightning than the base chain.
Nobody with real skin in the game really feels the pain from corporate capture, or potential corporate capture, of lightning.
No one feels it with the chain either, ETF's and Treasury Co's as derivatives have created liquidity, not hurt it. There's no corporate capture, anything corporate is purely opt-in on either layer.
Could argue the lack of self-custody hurts miners as transactions get pooled in sql databases, corporate lightning is just an extension of that, otherwise Lightning channels create more transactions not less (Jevon's effect)
They've funded and has their hands in just about every tokenization layer, there was even an Omni layer for lightning being pitched to wallet devs a few years ago, my impression was the design was dumb and the team couldn't execute, dead now afaik
Seems they're betting on every horse with the agnostic view that at least one will win
Any website can display the invoices, there's a sdk for fetching them making it wallet agnostic for paying, but a wallet could implement the sdk to also use the codes directly (enables for webserver-less or trustless lightning addresses with nip05)
The node server has to support it just as it would NWC, but no extra middleware beyond that
Also does debits and remote offer management without preshared secrets
Much more comprehensive and interactive than NWC, which is just a hackathonized version of what Lightning.Pub has been doing much longer (before nostr actually, nostr sprouted from GUN)
There's also no easier nor more powerful node to setup that Lightning.Pub, the nostr offers even have callback triggers
Your NWC-bridge should use it as an interface to enable lightning addresses via NWC so we can add it to the list of tools on the site
Sample bridge: https://GitHub.com/shocknet/bridgelet
Installer v.2
#1196941
Offer builder with callbacks:
https://njump.me/nevent1qqsdzd8pj8654hxn3ym5cnrzg0yclswvlls7n6gtd3lwy3mcz0uad6qppemhxue69uhkummn9ekx7mp0qgsrx9hrd9k7wnfejkgj0wwcgt0400wut5w8479qfudu0tkcpdz9pzqrqsqqqqqp8z43yv
Completely jacked to the NIPs
Have been updating the Lightning.Pub installer to work in more places more reliably and without sudo privileges
Your eyes do not deceive you, those timestamps are telling you this system went from 0 to a fully sync'd LND node running a Nostr-based account system... IN UNDER 1 MINUTE by pasting just 1 line of code.
... which is particularly neat because I used to tout it as taking under 2 minutes.
Found a new-ish race condition with LND in the process, kind of a shitty workaround in place for it at the moment but it removed some waits that were suboptimal anyway.
Changing Pub's SQL driver sped up npm considerably too.
Not merged to master yet, but if you want to play with it just run the script in the screenshot (notice the alt domain). If you decide to keep it permanantly you may just need to manually edit a value in one file later. Updated README is also in the
script branchThis happened because in my trolling of fake L2 scammers it brought awareness to the fact that the minimum fee is the only ownership scaling lever remaining
You're welcome... unless you believe this ultimately destroys bitcoin- in which case then it was the scammers fault (and the scaling virtue signalers that enable them)
21 sats \ 2 replies \ @justin_shocknet 27 Aug \ parent \ on: Real world use of Muun / Lightning lightning
I don't recommend any mobile nodes, but at least Zeus, Blixt, and Phoenix make an honest effort.
I think the original Breeze is still maintained too, but I might be wrong, they pivoted to fake lightning recently.
Correct path is an always-on node, like Lightning.Pub, accessed remotely via nostr with ShockWallet
Zeus can use a remote node as well but is harder to set up, Alby also. Might be some LNbits options too.
21 sats \ 4 replies \ @justin_shocknet 27 Aug \ parent \ on: Real world use of Muun / Lightning lightning
Fake lightning wallet 💩
Very unlikely it's vendor lag, fake lightning wallets like muun use slow, unreliable, and expensive centralized swaps.
Try with a real lightning node, assuming the vendors use real lightning as well it'll be nearly instant and nearly free.
I let it lapse after the trial, glad I did, that would have been a sneaky upcharge
I've since just had branch diffs reviewed in the IDE instead, works well enough
if it can't be used for everyday payments
It can be, that's not in question... That's different than it being imperative people actually care to use it. All that matters is people demand Bitcoin in some fashion because they account in it.
I think this is a hoax, they didn't actually have Lightning but rather some Blockstream trustodial thing with big fees... makes no sense to use those with chain fees below 1 sat byte for almost any stacking amount (they're a stacking app, no?).
This has nothing to do with circular economics or lack of, as a stacking app it's an inherently different user profile.
Bitcoin as a medium of exchange is imperative
It's a nice to have, not an imperative, this drama is old hat.