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@TonyGiorgio
stacking since: #70380
220 sats \ 1 reply \ @TonyGiorgio 18 Jul \ on: New Pod: Music, Discovery, eCash, and Identity with Tony Giorgio ideasfromtheedge
Wow, can't believe we covered all of that lol. Was a fun night, flew by so quickly!
I call this 'splintered payments' but it is currently not possible: https://lightningprivacy.com/en/routing-analysis
You can send multiple MPPs down the same/similar paths but you can't make them split and/or come back together at any point.
A lot of your assumptions here are actually incorrect and you should spend more time researching PWAs before spreading FUD. I'm not going to waste my time disputing all these. Enjoy.
Ah, I assumed there was no budget based on the 200k amount and how you said it was drained. Glad the budget worked.
This is one reason budgets on NWC should absolutely be put in place, especially on experimental services, which arguably they all are.
There is a difference between liquid members and liquid functionary members. It's intentionally confusing. The public list is are just partners allowed to peg out.
The people running the network are nowhere on there to be seen and they're the "guardians" in liquid's case.
I didn’t realize they weren’t public
This is very commonly the case when I ask the question. People assume it's public and that it's more trustworthy as a result, even if they have no idea who it is themselves (because it's not actually public). Only last week did one just get announced as a functionary member (Nym), other than that, they're unknown to the public.
In fedimint's case, you can see the bitcoin locked to the multisig and you can see the outstanding ecash issued. Fedimint can be ran by anyone, so the trust assumptions can go from none to very great (depending on who is the federation in relation to the user, it could be family), and that's better than Liquid unless you're related to adam back. It also has an open gateway structure and everyone is allowed to withdraw out, which is better than Liquid which only partners can withdraw from the federation.
So yes, I believe fedimint is better than liquid in every possible way.
Do you believe liquid is trustworthy just because of their Blockchain? You mention fedimint with public members would be more trustworthy yet liquid's functionary members are not public.
Thank you for that info! You said you're using the federation part exclusively? Do you know which federation you're in? I can ping some of them to open up some channels to the Lugano folks. If you happen to have any invoice from any of the merchants, I can look into the lightning node destination and get them connected.
Will be going to Lugano later this year, thank you for this report.
Fedimint function of Mutiny wallet
How has your experience been here? Are the payments quick enough for the in person merchant experience?
I have no idea why Riot is trying to do an aggressive corporate takeover of Bitfarms but it's pretty sus.
All of their PR over the last week or two is complete BS and just goes to show what is terribly wrong with public corporations.
The good ol days of just shutting up, plugging in a miner, and hashing for the network is so far gone it's really sad the current state of mining.
This is retarded. If the requirement is that the user was fooled into a bad website and is being asked to install something, they are already owned.
Absolutely no reason to trick them into installing a PWA of the same phishing site they were already fooled into using.
That puzzled me which is why I called it out. Usually some merchants or merchant software tries to keep it with lower limits in order to keep the bitcoin price from fluctuating too much, but 1 minute seems far too limiting. Would have to ask strike that.
There's a project out there for that but it's not quite ready yet https://github.com/elsirion/fedimint-observer
It's still early but it works. Ideally there will be a lot more mints that spin up this year, just a few reputable ones right now.
has @Car been bought by Big Pizza?
You should use mempool's fork of electrs: https://github.com/mempool/electrs
Also be aware that you should probably have 1.5TB+ available. The syncing process requires a lot, but then you should expect 1TB or so of data that stays after it is done syncing. I forget exact numbers.