5 sats \ 0 replies \ @_stacktoshi 8 May \ on: Spiral continues pushing narrative only bitcoin can merge finance and cartoons bitcoin
so glad these aren't nfts. I totally thought they were at first.
No, it doesn't seem that way. There was just one, and they did take custody of funds. There's no reason why people can't run lightning self-custodial-ly. Sure it's pretty technical to ramp up atm, but there are no unsolved technical hurdles to simplify that.
I thought so too for a while, but it's just a question of what they're backing their token with. If it's fully collateralized then it's not really a scam, is it? If they're not 100% collateralized and not in jail, it's because the feds are working with them to surveil the movement of "digital dollars" globally. Maybe they'll nationalize all stable-coins for an official CBDC, and then will be 0% collateralized.
My point is that it remains to be seen just how much of a scam it is. It could be a net positive for people who need dollars and can't get them. I mean none of us want them, but a lot of the ppl we trade with will only take dollars.
Oh, I thought you meant that dude sounded like a 6 year old. Yeah, I remember him, vaguely. He’s a big blocker, so of course LN was DOA six years ago. Seems to work great for me still, so I guess people did solve the problems he mentioned.
When I open a channel with someone, they have custody of my funds? They can rug??
Time is running out for a Biden recovery in time for November. Not with mortgage rates over 7%. Oh yeah, the Fed is independent from the government. 😂
Yeah, but the more publicity this gets, the more clarity people get in their heads on where they stand. It's a test for "free societies" on how much they value free speech and privacy, aka how liberal they are. It's worth fighting.
Hi.
- what's with the name?
- will this target more than just web?
- are you looking for contributors?
I have experience in UI framework development and react and would love to help out.
There are all sorts of schemes that you could employ to protect the vast majority of your stack from theft, but I kinda feel like if the culture can embrace a hard currency and everything that naturally flows from it*, then we'll all get so stinking rich that it'll just be easier for intelligent would-be criminals to just work for bitcoin rather than try to steal it, because it's going to suck real bad always watching over your shoulder and not leaving clues about the source of your funds.
It will take decades if not centuries to part with the scarcity/"get something for as little work possible" mindset we've evolved millennia with, but I truly believe abundance fixes theft, or at least reduces the occurrences and their effects.
* this is the only real way everyone ends up with bitcoin
Not necessarily. You might want to entrust it to a third party (uncle Jim who has lots of guns and a posse) or you might want to enjoy life or donate it to worthy causes. Or the classic: you lost it in a boating accident.
Block 841000
That was quick. Let's see, what happened over the last 1k blocks?
- fees went through the roof because of scammers pretending sats were atomic things
- then they calmed down sooner than expected
- OpenSats got ONE MILLION DOLLARS from the Reynolds Foundation
- the DoJ shut down Samourai Wallet and arrested its founders
- the FBI warned Americans to not use non-KYC crypto services
- Phoenix Wallet announced that it was taking its app off of US app stores
Was that it? TGIF ffs
The laundering charge probably won’t stick but there’s been a lot of precedent (end arounds by power hungry “justice” types) set about facilitating crimes that they shouldn’t have a problem prosecuting them on. But we need to push back as much as possible so that normies ask these questions and wake up to just how tyrannical their government has become.
The roads facilitate crime. Horrendous public school education facilitates crime. The government uses secrecy and privacy tools. We should continually highlight these double standards so that perhaps one day the crime “fighters” can go back to fighting actual crime.
Listening to someone pretty knowledgeable on the subject (Luke Parker) on an X space rn. Sounds like they were marketing the product towards subverting laws as opposed to just offering privacy.
You're right. This is just concerned with economically unspendable outputs. They should always be spendable, right? It's just a question of making sure you're setting yourself up in the best position in the long term when the days of sub 150 sats per vByte fees will be long gone.
Couldn't you always just coinjoin a small UTXO and use it to help pay the fee? Obviously that adds to size & fee, but at least it's not dust (as in something that's useless; the miner can definitely use it).