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I just got caught up on @k00b’s #523435
His most impactful statement: I believe that for bitcoin to succeed it must have many, varied, and great wallet solutions.
This is true! Reflecting on my own ~Bitcoin story, it wasn’t until I had a ledger (ha! What little did I know!) that I finally felt safe to buy my first Bitcoin. I knew NYKNYC but I didn’t want be that guy with a hard drive that ended up in a landfill. Seed phrases changed everything!
Here’s the key paragraph: “The goal here is for SN to be easy to use, private, and beyond reproach. We need bitcoin for SN to be what we intend it to be, but we don't want the moral and legal liability of holding and transferring bitcoin IOUs or KYCing and geofencing people. For bitcoin to fundamentally change internet applications, I believe the applications themselves must be not-custodians. Forgetting internet applications, I believe that for bitcoin to succeed it must have many, varied, and great wallet solutions. Wallets will only get better through us using and supporting them.”
Sounds like next step is ABW’s! Popular API-friendly account based Attachable Bitcoin Wallets. But they need an app for mobile. NOSTR had no traction until Damus and Primal came around. No, I cannot just use a chrome extension everything time I want to post on SN!
And be aware of my warning in the same post: #523570 Very few stackers really understand my warning, maybe those that knows how to run properly a LN node.
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Well you’re saying once SN is no longer custodial you’ll actually STOP using it since you’ll lose your anonymity without running a lightning node yourself?
And of course asking users to run their own lightning node is a bridge too far, which I agree.
But can’t you still be anon with an ABW?
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But can’t you still be anon with an ABW?
Yes you can, if you know what are you doing. As I explained in many of my guides. Unfortunately very few stackers here know what they are doing... some of them don't even have other real LN wallets/nodes out of SN account.
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If they don’t even have another real LN wallet or node, we might as well just be using “fee credits” already!
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cowboy credits are just fine to be used on SN. Not everything must be self-custodial. In a certain limits it is just fine to use some "fake sats" without any friction.
In the end, here on SN we are just circle jerking each others zapping back and forth as a social credit score. No more no less. This doesn't have to be done with real sats. We are not exchanging goods and services. That is totally another story.
As I said many times: spend your sats wisely! But seems that people here still do not get my words. For upvoting posts on SN is enough 1 sat (cowboy credit). If you want to give real sats to the OP, it should be a separate thing, where I can send real sats (as much as I like) from my own LN wallet or with cowboy sats.
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So I mean are you saying the SN algo is such that it’s an equivalent boost whether I zap 1 sat or 1000 sats? The amount doesn’t make a difference for something to be “hot?”
@TheWildHustle posted a song he made through the Crimson service. Was it better to zap him 100 sats directly through Crimson than through SN?
@grayruby has a goal to try to spend more sats than he stacks. Is that just a misguided goal to keep the ~Stacker_Sports circle jerk going? I guess the service he’s buying is a community he’s fostered in his territory?
Heck, even @k00b is artificially boosting SN engagement with 100,000 sats pumped into the rewards pool daily. It serves a purpose, right? It’s not for nothing?
After I get a few thousand sats on SN... I always withdraw most of them to my own lightning node/channel. Those are 'real' sats.
I agree. In my humble opinion for "real Bitcoiners" there is no excuse at this point to not be running a full, real lightning node. It is not hard