pull down to refresh
Yes, but there are fundamental design choices that are not intrinsic to cryptocurrency and should award some merit of invention over discovery of Bitcoin. Especially certain parameters like secp256k1. Nearly exclusively used by blockchains, and almost entirely because of Bitcoin.
By this I mean maybe proof-of-work using hash functions is intrinsic, but not SHA256. Immutability of the ledger is intrinsic, but consensus rules can change over time. Likewise with signature schemes - yes, every cryptocurrency from now on will use cryptographic signature but will they be ECDSA?
What Bitcoin is today is a collection of technical decisions made to optimize the security of the network. Conceptually, a project like Bitcoin is absolutely a discovery; analogous to discovering a mountain. Satoshi was the first to climb to its peak; and broadcast, “we got immutability, distributed with incentives!” To all the Byzantine generals. Many others have or are trying to climb that same mountain today. We all can be Satoshi.
Spark is “not yet” Bitcoin, in the same way Coinbase purchases are “not yet” Bitcoin.
I would not worry too much about the various on-ramps and short term wallets. Of course with any custodial service the goal is to get the coins in self-custodial form as soon as possible. But first someone needs an introduction to the network. The existence of Spark in no way threatens Lightning or Bitcoin, it’s as best additive, or at worse irrelevant to the cold wallet bearing Bitcoiner.
Spark has a great potential to onboard millions more people into the Bitcoin economy. Do not let perfect be the enemy of good.
I don’t like things like this at all.
Satoshi is a question best left unanswered. Bitcoin was and always will be a cypherpunk project, and a core tenant of the cypherpunks was respecting each other’s privacy. Trying to dox, stylometry, deanonimization, etc all run counter to the entire movement.
Many internet personas have built great free and open source technologies that are load bearing infrastructure today. Take notice of the technical details and marvel at their anon gift to humanity.
it is neither the boomer nor the banker, they are mere players in the game. the real criminal is the politician with the money printing machine - the umpire who changes the rules the game as it goes on.
Congrats on lucky 13 release. Zeus sets the standard for high quality lighting software.
I personally use it frequently as a head to a cloud hosted node, and it has a worked flawlessly.
Disagree and is a fundamentally bad idea to have more implementations, especially for consensus sensitive or contentious fighting features in distributed software! Satoshi warned against multiple implementations. They are a menace.
Selling it as a “monopoly” is foolish, rather, other implantations are parasitic and seek to subvert or control the host. We have multiple examples of this in history.
At best it is fragmenting, at worst, a attempted hostile takeover like we have seen from others.
The recent disruption and destruction of the commons has caused this tribalism, and if you are paying attention, you can see what’s going on here.
Are you itching for your own pet Bitcoin fork Jimmy?
Also, what’s with wanting to ban words. Never a good start.
If you find yourself wanting phrases or words banned, stop. You can only control your own vocabulary. Policing language is controlling thoughts of others.
Human nature does not change throughout the ages. As humans we have the same wants, hopes, desires and wishes as our great, great grandparents. Because we are shaped by technology, the method in which we go achieve these goals is different.
I’ve always liked the phrase, because it reminds us that what has happened before will happen again. Maybe it is overused today.
the work done by 3blue1brown on visualizing Riemann zeta function on the complex plane is beautiful. Take a look at the Manim library.
https://github.com/3b1b/manim
I installed the app! I like the passkey integration as well as the ability to recover from a seed, and retrieve the seed. Nice! I think this is a decent trade off in recoverability for the 90% case.
As for the 9.99 lure. I would be more inclined to make this purchase if my piggy was pre-fed with some sats out of my purchase price. If this is about onboarding, you have to sell people their first sats in order to onboard them!
I like the idea of some 21 year old buying a piggy for “fun” for $10, it comes with $5 worth of sats at today’s price. A few years later, they need some quick cash in an emergency, remember that fun app they spent $10 on, kill it, and survive another day. Post a note to social media with their win.
Congratulations on the self-custodial launch.
And thank you for taking our concerns seriously. It says a lot to walk away, retool, and relaunch, taking concerns of the community into account. Best of luck!
I am empathetic to the ‘do not waste’ Sats arguments. While
I like zapping posts, very few are truly worth the eternal cost. Free Text is of negligible value in the age of inference.
Maybe “real” Sats are just more precious to me, and DC. If you are happy to MoE me a few million sats I would be happy to circulate them throughout the economy:
bc1qnp82um34cptx7qr6lk7rk0r5eep0vj7vdkqsz3
I’m happy to bounce CCs. It achieves the same and supports this centralized site.
You can call us both parasites for being “in only” on SN, but it is not hypocritical. I like to think that myself and others like DC who choose “in only” are adding value in other ways.
There is also the security risk of attaching a wallet. I don’t like delegating control of keys to 3rd parties. Which is what attaching an outgoing payment API is doing.
Please don’t criticize my security model, or the choices I make with what I do with my earned sats. It’s not your place to do this.
Ah, so everyone who lives on a Bitcoin standard must tip in sats to other players on SN. Must have missed that chapter in Saifedean Ammous‘s book.
You keep saying hypocrisy. Hypocrisy would be if DC worked for a central bank. Or wrote Keynesian literature. Choosing to not configure a setting on a centralized website is nonsense, not hypocrisy! Who cares!
Why do you care what one player does with their sats? You keep summoning him too. Why you so itching for a fight bro. Let’s all live in orange peace.
Why is it hypocrisy? Is every Bitcoiner required to use SN, and tip each other sats via a centralized message board?
Is the MoE of Bitcoin influenced in the slightest by a handful of LN txs between DC and SN nodes?
Just relax brother, you are getting too uptight about what others are choosing to do.
I’m tired of this ss - you are neither channeling Solomon or Satoshi with this shit. Darth can do whatever he damn well pleases. That is the nature of Bitcoin. Opt-in system. If Bitcoin required trolls to boost onchain txs (or whatever you consider MoE), it has failed. I appreciate your enthusiasm, but you are trying to bully people into your world view. What kind of opt-in economic nonsense is this!
Stop preaching your flavor of MoE. I don’t give a fuck what darth does with his account wallet bindings or coins, the guy has dedicated years to trying to advance the field, and you have been giving him grief for months about some damn trollboard sats.
I watched. The core arguments are:
ETF reduces the “voice”, because it’s AUM and can’t run nodes.
Sure - but this is orthogonal to the MoE usage. Run a node. Unlike a S&P ETF I can get a voting voice by running some Bitcoin node software.
ETF picks ‘wrong chain’ and goes with corpo chain.
Sure, but we can still use the “free” chain as MoE. Run a node.
NYKNYB - users won’t spend their coin because they can’t.
Sure, but I don’t care what other people do with their coins.
Basically, an argument against ETF is an argument about how people are using Bitcoin. “i don’t like how you are using Bitcoin.” Do it right!
I don’t find aantonop arguments here super convincing. I understand where he is coming from, and he is stating, but these things do not impact Bitcoins use as a MoE. Practically nothing can stop this. It’s just dictating how they think
It should be used, or taking an ideological position, that while admirable, might be missing the forest for the trees.
Hodling is using. Spending is using. Earning is using. Wrapping it in instruments is using.
None of this impacts the fact you and I could exchange value via an onchain tx any time.
I believe ETFs are an additive construct that improves the viability, usefulness and value of Bitcoin. Including use as a MoE.
What they reduce in circulation is made up for in increased capacity (less speculative trade based tx vs zero cost etf trade), increased fiat conversion ratios and increased adoption/mindshare.
Ok, ETFs. Sure, it’s out of circulation and not being used as MoE. But even then, reducing circulation does have a positive effect on those that are, in they are worth more. It might increase the use as an MoE!
What if I let someone spend up to some limit sats from my LN node, they are sharing — by definition it’s my sats, but they may also be “owned” by the 3rd party. They can spend this and use it as an MoE. So it’s not strictly true that custodied sats cannot be used as an MoE. Or cash app. Jacks got the sats but the law says I can spend em. MoE.
You can say ETF bad, but it’s not that clear.
Rusty is a bloody legend. Thank you for all your work on Lightning and looking forward to seeing your next adventure!