0 sats \ 1 reply \ @Cje95 58m \ parent \ on: Alby Is Still Custodial ? lightning
Digging into it even more I have seen/run into this and I am not sure what to do about this cause I have a LN address?
Okay now I know this is going to sound super super dumb but I haven't dealt with the LN really ever... How do I connect Alby and send sats from stacker to the wallet? I have linked the accounts but whenever I try it says error 400 please configure your funding source?
Long term I am sure other things will be invested/created that will replace it but for right now it is by far the best thing for not only BTC and crypto but the general public as well!
Yep! Due to how renewables froze up and shut down with wind and solar additional generation while helpful wouldn't have really fixed anything due to how it was a sudden spike in power needs. Miners fill a gap of creating demand and being able to be flipped off like a light switch!
All righty! Okay so Texas' Grid is run by ERCOT a 501c not a private company and they oversee the powerplants and coordinate when some are offline for maintenance and such. In Feb. 2020 a cascade of issues hit the state at once. When dealing with the electric load (power on the grid) its a super delicate thing... you cant have to much power on the lines if there isn't a need or the grid will collapse and if to much power is needed the opposite can happen.
During the freeze, two huge things happened. The first one was the freezing temps going as far south as they did and how long they lasted. It froze the LNG pipelines that fed the power plants and while up in Dallas that was just pure stupidity in the Rio Grande Valley these temps were not in any sort of plan. The second thing was the wind turbines froze. Now if you are like me you go well they have them in the north and midwest and they are fine so what made the ones in Texas freeze.... come to find out they literally discovered simply speaking a new form of ice that only happens in very specific climates like Texas. Even with the freeze, there was high humidity so this unique kind of ice crystals formed that no one knew would form on wind turbines.
Once the freeze passed there were limited options to quickly fix the grid. Since the grid failure was caused by a sudden spike in power needs the grid needed a solution that could suck the hell out of power really artificially increasing the power needs. Guess what fits that bill! BTC mining! While others talked about and to a point are still pursuing data centers the issue with them is that Texas needed something that Could also turn off and data centers cant really do that without causing damage to the systems.
BTC thus continues to be the best and easiest fix to address these swings. The state pays them in electrical credits to turn off and the companies have made hella money doing so. Since the freeze there have been several storms/weather events that have required even more power than during that freeze and the grid has been fine! It really is a fantastic solution at least when it comes to Texas!
Lol I get that! I feel like within the US it is take your pick of what natural disaster you want! Being from Houston it was kinda uber crap with flood, hurricane, andddddd tornados lol
It is booming in Texas still! They use the miners as a way to boost the amount of power needed on the grid! This then actually helps keep the grid stable and prevent the issues that occurred in Feb 2020!
You might thing a 1939 law links with ETH if you want but I don't. I see ETH almost as an internet of sorts but the internet isn't a security. Both require things to operate within them and esp in the internet's founding it was hella expensive to have internet those AOL free trial CD's were practically gold.
Yeah he was a huge centralization guy which is obviously something I am not a huge fan of! Given how forward thinking a lot of crypto stuff is and how he did buck/get around a lot of centralization during his time with revolutions and other ideas I wounder what he would be like in today's day and age. It would be/is such a conundrum I find it to be a fun little brain game to play lol
@Coinsreporter has been huge in getting me into cricket... granted I still get easily confused since be default is baseball but once work dies down next week I cant wait to stay looking into it more. Outside of Houston, TX on the way to College Station, TX they were building (this was roughly 5 years ago) the largest cricket complex I think in the world.
Ya killing me I love Hamilton esp looking at him from a historical standpoint. I don't agree at all with all of his policies but things like the Federalist Papers and the way he solidified the unity of the country by combining all the states' debt into the US debt was just crazy forward thinking looking back at it now! His views compared to the lay of the land now is something I have thought about a lot because while he would likely be against something like crypto he also was someone who supported not only the US independence movement but that of Haiti as well which throws in the fun mental curveball!
It blows my mind how people cannot understand exactly what you said. The law of the land at the end of the day has to be equal and not create favoritism or it ends up in court and eventually gets struck down. By protecting crypto you protect BTC and alts. If you hate shitcoins/alts/etc then just don't by them but why on Gods green earth would people rather them not protect BTC because of it is beyond me.