ODT
⚡ODT⚡

Public Key

npub1uw5r5zph90dmvckkus2leadcqhhhhjctywrezt9d4kwhtvftnfuquwkpsa

NIP-05 Address

odt@instant.gr

NIP-57 Address

odt@pay.instant.gr

Profile Code

nprofile1qqsw82p6pqmjhkakvttwg90u7kuqtmmmev9j8pu39jk6m8t4ky4e57qpz3mhxue69uhhyetvv9ujuerpd46hxtnfdu8y7ykx

Publishing to

relay.damus.io

Author Public Key

npub1uw5r5zph90dmvckkus2leadcqhhhhjctywrezt9d4kwhtvftnfuquwkpsa

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Last Notes

2024-10-10 05:04:43

Thought experiment:
In 2140, mining will solely rely on transaction fees due to zero block subsidy.
This new competition dynamic may result in miners prioritizing valuable blocks over others.
For instance, if whales broadcast high-value (and high-fee) transactions at the same time, other miners might attempt to claim those rewards instead of building upon the existing block.
Why would they compete for 100m sats when they can get 300m sats? The difficulty would be the same for both.
Consequently, this could lead to an increase in short-term chain splits and potential rollbacks for mining the same lucrative transactions.
If short-term chain splits become common and depending on fee volatility, rollbacks might extend beyond one block. In such a scenario, would the traditional "six confirmations" rule still provide a perfect guarantee of transaction finality?
After writing this, I realized there is a paper on the topic: mining_CCS.pdf
#asknostr #bitcoin #mining

2024-10-02 06:12:58

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Amethyst uses Tor for relay connections but not for media, which would be unbearable to use under Tor.
@nprofile…vzaw I've seen multiple DDOS attacks on Tor making it unusable for a period of time, how does Amethyst mitigate that?

2024-07-19 22:49:17

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

2024-07-13 17:17:44

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Or maybe the app automatically sends all ecash to your preferred mint(s) as soon as you open it.

2024-07-10 22:02:56

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You should try Freddo Espresso. 2 espresso shots, 2 ice cubes: shake them to create cold espresso with foam. Pour over a glass full of ice cubes. Drink with a thin straw.

2024-06-01 20:07:07

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I love the release name: Hydra.
You cut one head, 3 more pop up.
Coordinator = head?

2024-05-25 20:27:51

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I believe each protocol has its use case.
I don't recommend cashu for big amounts either, since it's custodial, and you never know. But what if you're the custodian?
For example, I onboard people with my own mint: I create and send nuts, bundled in a PWA. The other person receives sats in less than a minute with no prior bitcoin experience. I explain the trust model and that they can withdraw it thru LN whenever they want.
I probably could do something similar with fedi and mutiny? I am not sure, and I don't trust a federation yet. And it's not straightforward (or possible at all) to run my own like I do my mint.

2024-05-23 04:35:16

On passwords: who thought that in-app login popups are a good idea, especially when you cannot even see/validate the HTTPS URL?
I talk about those "login to google" window inside apps. You just enter your credentials in a box that looks like google but you can't validate.
How are those still a thing?

2024-05-20 04:13:43

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They said "in silence", not a secret coordination.
My guess is the 90 days refer to https://www.coindesk.com/business/2024/01/10/bitcoin-etf-listings-will-be-quick-but-money-flows-could-take-months-21shares-co-founder/ -> "It takes at least 90 days for money managers to process additions to their list of approved allocations."

2024-05-19 10:37:34

Bitcoin: the internet of money.
Nostr: the internet of social networks.

2024-05-17 17:33:23

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Is minting $-ecash equivalent to "selling sats" ?

2024-05-17 03:41:41

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I wondered the same thing.
People told me you can put whatever you want in the KYC info fields of Primal, it is not validated in any way.
However, it also asks for an email. What if it uses it for recovery, you don't want to put in a random one then.

2024-05-09 06:39:36

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Do you believe Trump understands soft forks and op_cat, or is he just spewing whatever was written for him to win voters?
Don't forget "hardcore bitcoiner" RFK Jr who turned shitcoiner when he smelled votes.

2024-05-01 03:06:52

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Lightning network is available everywhere.
Coinbase-LN integration is not available in these areas.

2024-04-28 07:05:49

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Are trains and airplanes money transmitters? They transfer people with their money on them.

2024-04-24 12:04:51

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Isn't nostr & btc/ln what the internet could have been?
Or do you think those will follow the same path towards centralisation and control while going mainstream?

2024-04-23 12:10:13

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Is this an omen?

2024-04-20 17:02:04

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First time in my life I'm saying this...
You crazy mother fucker!

2024-04-19 08:39:11

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But how is it pegged?
Also, an important factor for those that want USD "stability" instead of sats, is interconnectedness to the banking system.
The usual question about Bitcoin (at least from my circle) is "ok, how can I buy stuff with this?". For example, a Visa card you top-up with BItcoin makes more sense. You can pay almost anywhere in the world, with your Bitcoin.
Stablesats do not offer this interoperability, they only provide a USD peg. So you hold USD value but can only send it over BTC/LN. Still useful I guess, for those that live in Bitcoin countries like El Salvador.
I know that in the end, all those will converge, and LN/Cashu will replace (or used in conjunction with) Visa/Mastercard. I can't wait to see how this plays out.

2024-04-18 04:20:06

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Captchas are annoying, but even more is the complete block due to a VPN.
I can't book my cinema tickets while using a VPN.

2024-04-08 07:36:59

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Stable in fiat means a stable rate of devaluation, not stable valuation.

2024-04-04 07:13:25

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Human life is very short, and the earth big.
I don't believe in property (any more) other than Bitcoin.. Anything else you think you own is just a rental for as long as you live.

2024-04-03 18:05:09

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Tax on land is basically protection. You pay to have the land as yours. Otherwise, what does land property even mean, without protection of the claim? Who says what is whose? And is that up for debate, by whom?

2024-04-03 18:02:43

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Doesn't property / inheritance tax mean that land is rental and not property?
Despite the words we use for it.

2024-03-30 04:33:29

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I'd like to add that even though a self hosted email provides better privacy, not all service providers accept it.
Some of them require your sign-up email to be from a "known" email provider, and not your own.
It is outrageous but what can you do?

2024-03-29 05:19:34

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This is a fake Lyn Alden, in case you missed it.
Real Lyn: @npub1a2c…w83a

2024-03-27 11:59:11

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Thanks a lot for the quick reply!
I can see the icon turns black (from gray), so I guess this is the refresh indicator.

2024-03-27 07:40:10

Does pull to refresh work on #amethyst? I can pull and see the refresh icon but it doesn't "click" in the end, it just jumps back up.
#asknostr #questions #nostr

2024-03-25 04:59:15

Why do so many people recommend #primal? I can't #zap with it unless I "activate my wallet". To activate my wallet, it asks for first name, last name, email, date of birth, country of residence. Is this a bank or a btc/ln wallet? I remember it being a lot simpler in #Damus, #Plebstr (these are not options any more, unfortunately).

2024-03-23 06:24:30

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I haven't tried it yet.
I just know it's a very popular alternative that people like. But now I noticed that in your article, you only list 1 of each distro tree (debian is missing too!), is that on purpose?

2024-03-22 05:07:27

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What can we do as simple citizens? I feel powerless to the litigation games that politicians play.

2024-03-22 05:03:23

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You wouldn't...

2024-03-22 04:37:50

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Nice, thank you!
Maybe add Manjaro in the linux distros; it's based on Arch, but more user friendly.

2024-03-20 18:07:22

Any self-hosted solutions for sharing files behind a LN-enabled paywall? As in, pay to download.
#asknostr #self-hosted #lightningnetwork #sats #freedom

2024-03-20 14:56:29

Any self-hosted solutions for sharing files behind a LN-enabled paywall? As in, pay to download.

2024-03-19 16:01:52

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Do I need a browser extension to list my mint?

2024-03-19 07:13:07

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In a cashu wallet, when you create an invoice and it gets paid, the ecash are created and put in your wallet.
I believe it happens in 1 step.

2024-03-18 18:46:45

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I don't know if you're joking or not, but 800 sats are today ~50cents.
I won't spend more than 20 minutes working on retrieving them...

2024-03-17 12:35:57

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Minibits.
mintUrl: " https://legend.lnbits.com/cashu/api/v1/4gr9Xcmz3XEkUNwiBiQGoC "
Transaction stuck at "prepared" status.

2024-03-17 07:19:12

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I tried (by paying an LN invoice) but the sats got stuck, unavailable in cashu and invoice never paid.
Doesn't matter much though, it was 800 sats.

2024-03-15 05:03:41

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Nostr is awesome!

2024-03-14 06:52:40

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As far as I understand, there are some heuristics they rely on. Keep in mind, the on-chain fees keep changing over time.
A 10k channel with 7k fees would result in 3k usable liquidity. What if you need to close the channel? You don't have another 7k available.
I think the 100k is just a safe amount to use considering the current mempool state. And to avoid newbies losing all their money to fees because they didn't know better...
Fyi, I'm not affiliated with Mutiny, this is just my view. I hope they can explain it better.

2024-03-14 05:07:33

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If the fee is 7k, why would you put in 10k? You would lose 70% of your sats. That's why the minimum is higher.

2024-03-10 07:34:00

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This is very interesting!
Anonymous on-chain (liquid) swaps...
Is there an amount limit on the usdt-btc conversion?

2024-03-04 12:31:01

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Crypto's are the best hedge against inflation...
Are they though?

2024-03-04 12:05:12

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The waiter said they're out of toothpicks... I told him I'd like toothpick to the manager.

2024-03-01 18:46:22

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Is this supposed to mean "Do you know what the date is?"?
And if an AI learns from nostr (like unleashed.chat), did I just teach it the answer (if correct)?

2024-02-26 14:33:13

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I really like Aqua's way of handling lightning. It reminds me of Muun, but the use of Liquid instead of main-chain makes it more affordable.
However, I don't see it as a (hot) spending wallet.
Liquid->LN costs too much for the coffee use case. A 4100 sat invoice (2€) requires ~400 sats in fees (0.2€). That's 10%.
However, it's a great stacking warm wallet, while a custodial well-connected LSP (WoS, or a good mint) can be the spending wallet.

2024-02-22 19:38:37

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Nostr fixes this.

2024-02-20 19:06:27

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Stablesats is pegged to usd but is not actually connected to the system, as far as I know. At least not like stablecoins are.
Of course it carries its own risks, and I agree they should not be hidden!

2024-02-18 18:01:37

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What if they can't shut it down?
It's not connected to the fiat system.
Something like stablesats maybe.

2024-02-18 10:44:43

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Thank you for your service.

2024-02-16 04:08:33

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No it's apple's fault.

2024-02-14 04:21:13

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How long does the battery last on the thinkpad while coding?

2024-02-14 04:18:54

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That's good.
It will soon break the myth that we need the government.
Let's lower their responsibilities even more!

2024-02-12 15:19:49

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Too late!

2024-02-09 04:18:59

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Plebstr. I've tried Amethyst and Primal, but Plebstr won me.
1 thing I would like fixed, is sometimes the links are broken in 2 parts and thus don't load properly.
Not sure if it's only Plebstr or other clients have this as well.

2024-02-07 12:16:10

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The problem I encountered with gandlaf's faucet is that it gives tokens from mints that since their donation have gone offline. This results in unredeemable tokens, and the faucet will not give a new one for some reason. Maybe the faucet should randomize which cashu to give, instead of using a queue (I assume that's how it works).

2024-02-07 12:12:47

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Close all escape routes!

2024-02-05 04:09:06

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Exactly. Want to be taxed more? Just make a donation. Unless you're the type of person that thinks only forced taxation is the right way.

2024-02-04 04:55:31

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Or maybe miners turned on because of huge fees. Let's see how long this will last.

2024-01-27 20:29:04

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From Liquid to Cashus, instantly and low cost.
LN is awesome!

2024-01-19 08:27:29

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You're awesome, Jack!
Looking forward to the European launch.

2024-01-18 09:54:47

Looking for a place in London to get a beer with Bitcoin thru LN?
I read about Brewdog Canary Wharf, are they accepting BTC thru LN?
@npub14mc…frlx any ideas?

2024-01-13 11:12:09

I don't see the point of a wallet as PWA (like @npub1mut…23vg ).
Can't the web host change the code at any time?
And doesn't this mean they can steal the funds on any update?
Unless I'm missing something on how PWAs work.
Or it's meant to be self hosted from "uncle Jim".
An of course, the same problem exists on auto-updated applications from play store.

2024-01-09 21:45:58

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And I was wondering what those up-down sudden spikes were, about half an hour ago.

2023-12-28 14:03:11

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At 100 sat/vByte, each block costs more than 1 BTC in fees.
With 10 min block time, that's 144 blocks a day.
So they would need to burn 144 Bitcoin a day.
In current exchange rate, $5.7m.
$171m a month.
I guess it sounds doable but wouldn't that just increase the bitcoin price in $ terms, while also increasing fees in both sats and $?
It seems unsustainable in the end...
If the btc price doubles (because the attacker keeps buying), and fees double (200 sats/vByte), that's quadruple the cost... $684m per month.
Unsustainable if you ask me.

2023-12-27 08:20:19

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What about agora?

2023-12-27 05:40:57

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If a government pays miners to mine "useless" blocks, I think they should mine them.
The goverment will run out of money eventually (either depleting their resources or hyperinflating).
I don't find the inflation bug similar to the current situation, since it was actually a bug, not a feature.
The permissionless, open and censorship-resistance characteristics are features of Bitcoin, not bugs to be fixed.
Let me clarify, I don't care if ordinals are blocked, I don't care if the US gov's transactions are blocked. But if we start this path, where does it stop?
Maybe my transaction is next.

2023-12-26 08:46:39

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You call it censorship because you disagree with the content of those transactions, which is subjective. Some peeps don't disagree.
Also, ordinals aside, some rich actor could spam Bitcoin without jpegs. Just move sats back and forth between their wallets, paying high fees to block everyone else. Is that spam? Should you block these transactions? I see them as valid. And we need better ways to deal with that situation than filtering whatever the miner sees as spam.

2023-12-25 16:40:36

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Ethics is many times subjective, so I'd prefer miners to be completely blind and objective...

2023-12-25 09:18:36

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Pools and miners should just mine the biggest fees. If they start filtering, they introduce censorship in Bitcoin. I don't want that. I don't care if they block ordinals or sanctioned wallets or whatever, I don't like censorship.

2023-12-20 10:59:14

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I thought the latest epoch started on Jan 3, 2009.
But I guess 1970 is also important.
It depends if you count in seconds or blocks.

2023-12-20 10:57:57

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Oh I see. So what's so bad about announced channels? Bad liquidity and failed routing (for others) is my guess, but please let me know if I'm missing something.

2023-12-20 04:06:21

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I am thankful for the big hubs that do allow me to open a channel to them.
If they all blocked my little node from opening channels, how would I connect to the LN?

2023-12-11 16:01:27

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Percentage of people holding it in 15 years, or from the people that hodl today?
If it's the first, I'd say less than 1%...
How many people run their own servers?
And with tx fees at 50$ (or more, in 15 years), I don't see much self custody.
Also, if one has a utxo of such value in their cold storage, maybe think about consolidating before it's too late, otherwise it will be useless.
Imagine the "useless utxos", those of less than the current fees. Has anyone counted them?

2023-12-11 09:44:26

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silence.link doesn't exist, do you mean silence.im, the sms encryption tool?

2023-12-11 04:16:39

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Thanks, I see. It would very helpful if you could also receive sms. For authenticating services without KYC.

2023-12-10 06:09:41

Hey @npub19fy…d5hk , cool project!
A couple of questions:
1) Do your eSims only work in the country they're from, or do they work while roaming in other countries as well?
2) Do your eSims provide a phone number as well, at least for receiving sms?

2023-12-09 08:10:00

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2023-12-08 04:29:46

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I don't get it. How does this cap keep hanging without a hard fork?
Or is it only for creating new blocks, while validating existing ones can be of any size?

2023-12-01 14:05:49

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Then the sender is used once.
So the only public information is that a user has an incoming message from a random npub. Not much of an issue suppose.
This is awesome!

2023-12-01 08:04:12

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Your npub is npub1cq47m26ft2xh8c33jtapvxstsdzgy86gg35prv0gzravvk6cfaysa9sukg.
Send to npub1cq47m26ft2xh8c33jtapvxstsdzgy86gg35prv0gzravvk6cfaysa9sukg@cashu.me and check your messages

2023-12-01 03:20:26

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I wope up thinking about this exact idea, this is crazy.
But what I was thinking is that nostr message metadata are public, so having all cashu payments come to your inbox might not be great, privacy wise.
Is it possible to have 1 nostr npub that generates sub-npubs, like Bitcoin does with addresses?
So the forwarder (cashu.me) would know the main pubkey but each payment coming to a different address.

2023-12-01 03:13:56

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Bitboy sells hopium.
Btcsessions is a university.
A good bunch of people (I avoid saying "most") don't like learning, they just want to drool over the screen while releasing dopamine.

2023-11-29 18:38:16

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Strike has fiat on/off-ramps. You can't do that without KYC, this is the law.
You can get a Lightning wallet for transacting with the LN without KYC.
But only with sats, no $. Yet. Until stablecoins on LN are a thing.

2023-11-29 18:36:17

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I guess custodians are high risk when you don't have an easy way out: can't pull/send/withdraw more than $1k cash daily, or other similar restrictions.
With the chaumian mints being described, one can swap his whole stack to a different mint in seconds.
Thus bank runs are constant, not once in a generation. Thus, banks (mints) must behave accordingly.
An important point is that self-custody is important for savings amounts, not so much for pocket money.
On the other hand, a Californian's pocket money is savings (life-changing) for an African.
When someone works for pennies and they manage after months (years?) of hard work to save 100$, it would suck to move it to self-sovereign on-chain wallet and pay 10% in fees due to mempool congestion.
I guess there isn't a perfect solution (or I can't find it). But we're improving daily...

2023-11-28 09:12:58

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cashuAeyJ0b2tlbiI6W3sibWludCI6Imh0dHBzOi8vODMzMy5zcGFjZTozMzM4IiwicHJvb2ZzIjpbeyJpZCI6IkkyeU4raVJZZmt6VCIsImFtb3VudCI6NjQsInNlY3JldCI6ImNkWW4xMVphYXduSG44bUdJV2NEMGkxL0FlVHFTRXRIQlF1U0U3K0ZZcTg9IiwiQyI6IjAzMjk0YzJhZDFhNGUwZDAxMWE3YzVmMGQwNDkxYmQ0Y2UzNjA5MjZlM2VjMjljNGY4NmY0YzgzYWU5MzAwMjk4NSJ9LHsiaWQiOiJJMnlOK2lSWWZrelQiLCJhbW91bnQiOjMyLCJzZWNyZXQiOiIvZml6Q1FCa0RnMjJGbmVPaEVFV0xSTm1YaFljUXNra3U0TDhTblk0ZjZzPSIsIkMiOiIwM2MyNTI2YjVkMWU1ZDMwODA4MjM3YTIzZmQ0ZmFjMmQ3ZTU4MWM1ODBjN2Y3MzYwZGRjZTA4NWE5MDJjNjBmMzIifSx7ImlkIjoiSTJ5TitpUllma3pUIiwiYW1vdW50Ijo0LCJzZWNyZXQiOiJGMFlLYmNmaHhUbDBsaUpKMXEyeWhYYjJrUFdLOThDZ1QvUE1vb2J6YmtzPSIsIkMiOiIwM2ViNTgyYjc5OTIyZjE3M2JmMjVjNDVjNGRmNTUzNGY1NjkyY2U4Yjg4ODc2ZTFlNDAyNzkzNGNhYzZjMGQ5NDQifSx7ImlkIjoiSTJ5TitpUllma3pUIiwiYW1vdW50IjoyLCJzZWNyZXQiOiI5K0dQTDh3ZGFNNmYxeWFybmNxc1lCL3Exc25zQllZajhvQ1UvOVM0ckRBPSIsIkMiOiIwM2QzZmI0NWU2ZWY1MDNiZTU5OGU3YTc4M2E2YmQ2NjZmYWRkZjY5ZGU2M2Q3ZTJhYzE5ZjllMmE1ZWJjODQ1MzcifV19XSwibWVtbyI6IkRpcyBudXRzIn0

2023-11-23 17:05:04

@npub1hcw…h9rq LN addresses not working atm.

2023-11-22 15:24:57

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I guess this is why Mutiny PWA...

2023-11-20 15:13:19

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I see stablecoins as a trojan horse that will let bitcoin infiltrate and ultimately replace the fiat system.

2023-11-16 10:02:47

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I'd love a few free sats, why not?
Notification configuration should be very granular, letting the user decide (of course having some defaults) what fits them best.
They could choose to batch notifications every day or hour or something.
Or notify for single-payments over X sats and batch others.
UX is becoming more and more important, we are far from the beta testing geeks and into the mainstream now.

2023-11-10 18:32:00

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Damn, they got the domain and are misleading people...

2023-11-10 18:30:32

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bitcoin.sv

2023-11-08 14:53:51

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I love the new logo! Clean and minimal!

2023-11-03 04:27:13

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You have that in IRL??

2023-10-31 16:16:43

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@npub14mc…frlx cheat code in action

2023-10-30 11:57:48

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How do I read the full length of this? I can only see 1 tweet/post.

2023-10-28 08:26:46

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I compare it to a gold-backed paper currency (deposit gold, get cash, move it around, can be redeemed for the same gold), but I guess casino chips are basically the same thing!
Funny thing is that a giod bunch of the population thinks we still have gold-backed paper currency. Not many know of fiat, as a word or a concept.

2023-10-27 05:04:01

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To be fair, nostr notes are not meant to survive forever. We have yet to see how the nostr services are shaped with enough users to consider data retention and pricing.
I expect every service to be paid, even relays (note passing, how can it be free and avoid spam attacks?) and data retention (who will store your data for free?).
Maybe those will be handled by the same service provider. NSP?