Nah. Changing units is scammy. Sats is sats. People understand cents even that’s been a useless unit for consumer pricing in the west for years.

This isn’t some fork of bcash where we change the units.

The atom of money is the satoshi

Hi Joe! I really like your videos! You have great presence and calm, while engaging people around you.

I enjoy seeing how folks are using bitcoin around the world. I feel you are hastening adoption by documenting this. Looking forward to seeing further adoption around the world.

IANAL but some spam junk encoded would not satisfy the requirement of delivery of process. It also does not bind to any address, so it has no meaning. As soon as the “owner” address destroys the UTXO, address is meaningless and binds to nothing, the key is “lost”. You can’t query it without scammy third party hallucination websites. Ordinals don’t exist.

Forgive me some shitcoinery for a minute, but I want to contrast how absurdly stupid and scammy the ordinal idea, let alone process and expect a legal binding.

A much stronger case can be made for an ERC20 style NFT to a publicly known EVM address, in that it could bind to a person, and active transactions from that address demonstrate active private key knowledge in the accounting model. Contract calls can be made without any special tools and would return a url, possibly ipfs url. All without special on proprietary tools.

Which is also bullshit, but this ordinal delivery of process is double bullshit and would not satisfy anything anywhere. Utter nonsense.

Fuck the IMF. Evil fuckers. These bankster criminals will die poor in the fiat prisons of their own construction.

The IMF has got ES by the balls. ES should feign compliance and stack in secret until Bitcoin is more powerful. Shouldn’t take much longer…

I agree its just early. The barrier to running a full node, let alone high reliability LN infra and payment gateways is too high to the average person. However, abstractions and curated journeys is a growing theme. There are commercial services today, and apps that approximate what this will be like in the future.

Zeus app is a great example, they could run this app on their phone and take part in the LN today.

One thing I will say is that they were extremely lucky with their LEO token play and timing, they were able to make all of their creditors whole. I remember when the hack was announced - they were very worried it would destroy Bitcoin. (nb: It didn't).

Never again will a company be able to bail themselves out by printing up nonsense tokens. Was too early for gox, and too late for ftx. Their gambit appears to have succeeded (for now).

I want to further add to the true finite nature of Bitcoin. 21M/infinity by consensus.

Land being rare -- the argument is spurious; The quote is, "they are not making more land", well, Mischief Reef in the Spratly Islands would disagree. But terraforming aside, most people want shelter, not land. There is plenty of land. Earth could sustain 100x its population easily, but we would need to get a little creative on how that land was configured. People like to poke fun at ideas like Neom Line, but such high density living could raise the quality of life of billions of humans.

While the number of potential dwellings on Earth is finite, it is most certainly many mega multiples of the integer number of Bitcoin. We can build, build, build. Ordos Kangbashi is a good example, its not that difficult to construct things! The biggest issue is the money used to fund projects -- the fiat monetary system. When we build these things on debt, macroeconomic effects conspire to make the system unstable. Large projects -- which should be seen as an accomplishment to humanity, collapse in spirals of debt, causing contagion to the rest of the system.

Eventually, an advanced global economy will always trip itself under its own debt, which on its face is kind of silly. If you singularly owe yourself $1, and have $1, you are square. Eventually so much of its productive capacity starts being wasted tracking and processing the debt. What was originally the enabler, becomes the administrative overhead destroying value. The whole point of Bitcoin was to vastly simplify the apparatus of settlement of global monetary, it simply strips away the need for that trusted third party.

With industrial construction and automation, I expect a major housing construction boom in the 2030s. This will be funded by Bitcoin bonds. Bitcoin is the only treasury asset that will be worth more as projects run -- how can we ensure a project stays under budget? Accounting with Bitcoin.

Eventually, I feel like it will reach an equilibrium of single person dwellings costing 0.1Ms (100ks) ~ 1Ms (0.01BTC).

At least, never pay more than 1 BTC for Land/RE for more than one person. On one side of the trade there is so much supply, practically infinite dwellings all made of easily accessed resources -- and the other side has a very finite amount of Bitcoin.

its always better to buy, except times when its better to mine :-)

John is trolling us with his big BALLS.

Satoshi as the base unit, Bitcoin for 100M satoshi.

Thanks, ill take a look this weekend.

Ah, we would need a private channel to route back from the decoy to the real node, and we would need the decoy with a valid public (or possibly private with hints) channel to handle the outer invoice. Ill think about this some more.

Maybe im looking for lnproxy.org like service I can spin up myself. No point using a 3rd party if I am trying to hide my true node pubkey.

Interested, but the discord requirement is a hard no for me.

I did look at this, and looks interesting, but that's not exactly what I meant. i was turned off by the discord thing, so didn't investigate further.

Exploring this idea more, I think its more about 'fake' nodes, eg: mitm nodes that front the traffic, analogous to domain fronting on CDNs. Rizful looks like temporary nodes, and I feel there is a bigger risk of losing funds will ephemeral full nodes, vs ephemeral fronting nodes that mitm the invoices.

Primarily, I don't want to have to create channels for the decoys. Ideally this would route to the 'real' destination via the decoy. I don't even know if this is possible!

The decoy nodes is an interesting idea. I wonder if it could be implemented as ephemeral lite nodes that proxy (mitm) the invoices with their own pubkey, speak a subset of the protocol for discovery, but otherwise act like full LN nodes to the external observer.

One thing I would add is if you prefer a 'stable' balance, use CLN. CLN will account for every sat in channels, but not on chain conditions. LND will account for on chain conditions, but it makes it hard to observe the absolute balance of your wallet from RTL or Thunderhub. I believe this is also due to the need for LND to produce anchor outputs, this is still experimental opt-in CLN so your balance should only have changes related to new channels or channel fees, or closes.

For example, this makes it easier to observe total routing fees from an absolute balance in RTL/CLN vs Thunderhub/LND.

Both nodes have their trade offs for UX; Your sats are safe either way, but both pieces of software behave differently.

Remember, China's stash is from PlusToken et al, and the US stash is from Ross, Ilya, Raz and Jimmy (which is really Ross) et al. Other countries must buy, Large states can mine their criminal population for Bitcoin.

Indeed he be trolling, but the problem is that they might take him seriously. If they sold the ~208k BTC before the next administration, it is likely they will never be able to buy back in <100kUSD/BTC. It might be twice as bad as Germany, at 57kUSD lol!

It would be a foolish move that would set the United States global treasury reserve back 5y or more. Of course the US would bounce back, but it would be a highly dilutive action for the American people in the short term. The strategy of exchanging old shiny rocks for Bitcoin will work for any economy. I say do it, Bitcoin is more useful than physical old Gold cluttering up the vaults.

it is indeed a precious thing, and we pass this ledger on to new people every year. What do we want to it to be?

How will we explain the indelible spam?

Yes I know the content of this is important, but it’s still grafiti over the public space, and a denial of the commons. This isn’t the way to do it.

If you want to have content live forever, seed the torrent or pin it in IPFS. This is just putting bytes places that can’t be read by normal people where they don’t need to be.

Oh, i disagree. It’s the pension funds and insurance companies that are eating up the convertible debt. They are buying 0% bonds, with a major equity upside. Watch.

The QQQ inclusion notification is pending too…

Do you really believe this? MSTR is already 2x FTX, at public markets vs funny evaluations. Maybe FTX was really worth 1/4 of MSTR market cap today.

MSTR will be much larger as passive market funds start buying on a regular basis. If it blows up, it’s going to eat a bunch of the worlds passive (eg: retirement) funds, not just degen FTXers.

What’s the risk here?