@k00b thinking out loud: could you guys be interested (aka have budget) for developing internal analytics for stacker.news instances as part of the app itself?

Nice! Glad you fixed that.

Don't, you might be able to recover them.

This is their nostr npub: npub1kvaln6tm0re4d99q9e4ma788wpvnw0jzkz595cljtfgwhldd75xsj9tkzv

Theoretically, it can be. And practically, there probably is. There are many situations where this could make sense. For instance, big exchanges that support lightning would probably benefit from having a private LN among themselves to clear transfers between each other without "amateur" nodes in between (and also potentially keeping info private).

But the reality is there is no way to be sure if this is the case. If there's a subnet that is not connected to the "main" net, taking into account all the benefits that would derive from merging into it, it's probably because the operators have a strong incentive to keep things private and away from the public. In which case, we wouldn't know they exist, right?

The whole "The Lightning Network" idea falls in the same bucket as the "The Mempool" one.

For anyone reading and not understanding: there is no "the mempool". Each node has a different mempool.

Same with Lightning: any two lightning nodes are forming a network. There is one massive one that everyone and their mother plugs into because it's useful for their needs, but any pair of nodes can start a different network. There is an unknown number of private networks out there.

Spot on. It's amazing how we trick ourselves into the mindset that the future spans into infinity.

Any time I hear sentences such as "Doctor told him he's sick and he will probably die in some time", I can't help but think: "Yes, and water is wet".

For clarity, I DO NOT:

I do:

A side-story: years ago I was having tea in Istambul with a turkish man and we were discussing on their culture around gold. I haven't been in India, but my distant observation is that both cultures work similarly (albeit India's focus is much higher). He then mentioned this habit that I found interesting. The man explained to me that, as everywhere in the world, is common for young men and women to ask their families for financial help in important moments such as buying a house or a car, or starting a business. What was original to me was the fact that, when such requests happen, discussions happen in grams of gold.

So a young turkish might walk up to her mother to ask for some help buying a car and directly say: "Could I borrow 10 grams from you?"

I'm guessing similar situations might take place there in India.

The US Federal Reserve is the heart of the fiat money printer. The closer you get there, the more benefit you get out of it.

This applies both to borrowing and investing.

Some thoughts:

That's a good way to look at it!

Options I can think of:

Being used to never catch attention, it makes you wonder how it happened.

Seeing someone "get it" like @k00b does is very encouraging.

And his mention on how he has seen this thing evolving for years also makes the fact that this has been happening for a long time stick out. And remembering that feels strange.

I wish you guys could feel how it feels to have two guys you don't know discuss your financial gambles thousands of miles away.

Glad you like the series @k00b

No probs.

I guess the behaviour of banks changes a lot across countries.

In my case, personal loans are easy to get if you have a steady income stream, and banks are happy to give away while your installments-to-income stays somewhere under 30-40%. After that, it's very hard to convince them. Their algorithms automatically throw you out.

Regarding what you are using the loan for: they say they care, but they lie. There will probably be a checkbox somewhere to ask about it. You can happily proceed to pick any box (never changes the conditions you are being offered) and they will never ask again or perform any kind of check.

And about loans with collateral: it's an area I'm currently researching about, but I don't have a lot of experience with it either. Surely, no bank around here would touch BTC as collateral, but some might be willing to take other tradfi assets like stocks and mutual funds. Real state is also an option, of course.

That's a good question.

The way I am now reasoning about this is that I've set certain targets about how I want my liabilities to look like. This includes stuff like what should my debt-to-equity %, what % of my monthly income I'm happy to put towards installments or what set of maturities I'm happy sitting on. Kind of how you can have a portfolio allocation plan that says I want this % in this asset and this % in this other asset and I'll rebalance this way if positions drift.

In the case of loans this is a bit harder to manage in a precise way because it's not like you can go acquiring a bit more liabilities every week ("Oh I'm 0.17% off my desired Debt-to-Equity, I'm gonna borrow 327.12$ more"). I can only get debt in big chunks, so it happens that I drift severely from my liabilities targets. But I still have them.

Coming back more precisely to your question: yes, I'm willing to take on more debt or roll my existing one if it improves how my liabilities portfolio looks like or it brings it closer to my desired targets.

I don't understand shit from what you said nor see any connection with the OP.

Indeed, you called it out in August. Good one!

Will dive into that next month.

I think there might be a case for doing it earlier.

I think any Spaniard would quickly debunk this rosy look at the Spanish economy.

Living standards never got back to where they where pre-2008. Real state market in big cities is starting to collapse in terms of people managing to access shelter. Pension system is set up as a full ponzi and is completely unsustainable, also being more generous that other more productive countries like Germany or Netherlands.

I think Spain is just as fucked as the rest of Western Europe.

He happily ignores the power cost of running the 51% attack. As well as the incentives of the USG to fight back against a 51% attack should it be in their interest to keep Bitcoin alive.

I think this is a strong case of Dunning Kruger.