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0 sats \ 1 reply \ @yakshaver 18 Jun 2022 \ on: Lightning Network is coming to http://Purse.io! bitcoin
Purse shilling for Bitcoin Cash and Roger Ver is an investor? 🤮 hard pass
Coinbase is a large US based and regulated shitcoin casino. They are worried about what comes next from regulators after the huge Luna and Celsius Ponzi's imploded.
If they had just focused on Bitcoin rather than running a shitcoin casino they would not have needed such a large headcount to begin with.
Dollarized developing economies are screwed more from rising inflation than is the US because the cantillon gainz from inflation acrue mostly to rich people in the west.
Bitcoin can check US dollar debasement if it gives 3rd world central banks a highly liquid alternative to US bonds.
The game theory doesn't require full adoption by their people to work out well for these countries.
Also check the travel section of Bitrefill: https://www.bitrefill.com/buy/worldwide/travel
Gift cards for the airline via Lightning is better than on-chain directly with the airline unless you properly mix your coin for privacy.
Gift cards with travel agencies isn't as good a deal from what I can see.
If any professional routing node operators were cash flow positive, would we know? and wouldn't they be wise to reinvest any profits into growth?
I like this privacy focused satellite system Femtostar currently in development.
They don't use Bitcoin or any speculative Blockchain token. Just a prepaid service token that you could easily resell for sats.
Swapping in Lightning ⚡ for whatever scamcoin is used by Helium and Althea should not be too hard technically as long as they remain open source. But bootstrapping a new network is expensive.
We might as well wait until their networks are built out more with cantillon VC money and speculators chasing gainz.
Would this be more compelling without the KYC? if you're paying your taxes or bills then your identity is already tied to the payment.
I support this buyout because it is likely that some of the proceeds from Jack Dorsey's 2% stake will end up supporting Bitcoin development. 😃
Unless you can get some sort of anti-spam payment protocol adopted as part of the standard email protocols servers use now, it's a lost cause.
But fortunately much of our communication is moving to messaging apps and it's not too late for something open source like Matrix to adopt an antispam mechanism based on Lightning.
I don't believe it's any worse than multisig. Regulators could demand exchanges only output to addresses encumbered by a multisig that includes a government controlled pubkey.
It's important to note that CTV alone will not make eltoo possible. But APO as currently proposed does.
Forward-looking Corporate Strategy
Corporations with excess capital and cash reserves on their balance sheet are not protecting shareholder value. We believe that bitcoin fixes that. Exogenous forces of inflation, regulation, confrontation, corruption, coercion, or confiscation can put
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This past year, we formalized and expanded our treasury strategy to now include
acquiring bitcoin using the proceeds of debt and equity capital raising transactions. Furthermore, we expanded our approach to convert excess operating cash into bitcoin on a go-forward basis. As of April 14, 2022, MicroStrategy remains the largest publicly traded corporate holder of bitcoin. MicroStrategy, together with its subsidiaries, holds 129,218 bitcoins acquired at an aggregate purchase price of $3.97 billion and an average purchase price per bitcoin of approximately $30,700.
If I could rift on this a bit... how about an app that can MITM NFC details for Android/Apple Pay in exchange for sats. You specify if you want to buy or sell sats in the app.
If you are selling sats, then you tap your phone to pay by NFC with Android/Apple Pay. The app finds someone buying sats and relays the exchange with the NFC terminal to the sat buyer. They authorize the payment on their phone as if they were standing there, and receive the equivalent in sats.
Lot's of thorny details about if you can MITM NFC for those apps and the sat buyer having their phone unlocked at the time. But I do think it's technically possible and would be a real game changer.
Because these are technically in-person purchases, the sat buyer can't reverse their cc payment and because it's Lightning they get their sats immediately. How to escrow this kind of instant payment is also tricky, but I believe a reasonable protocol could be worked out.
A big advantage is that it would not require tying up Lightning liquidity.