13 sats \ 0 replies \ @notgeld 20 Jul \ parent \ on: Sequentia: A Bitcoin sidechain that doesn't need a peg/bridge bitcoin
Do you mean that you have no BTC tokens on Sequentia whatsoever?
you can make atomic swaps between both chains in real-time
It is super convenient for rug pulling. The contingent scenario is not clear from this description.
I don't think users are entirely isolated from third-party risk when using DLC channels. This is why I basically think Fiat channels model is just enough. Even more it is already improved if compared with USDT on TRON and this is a major competitor for Fiat channels provider, not DLC enabled LSP. This model is not really scalable.
You can easily imagine an email from the bank that states they restrict cash withdrawals or tax them with a fee for "carbon compensation."
Early years of Soviet Russia are classical example of money printing hyperinflation. Budget deficit was financed by issuance of new paper notes. Similarly to Venezuela, it is fairly hard to build hyperinflation plot for Rubles as regime change happened meanwhile.
No limitations.
Please do not hesitate to ping me on telegram (same alias) if you are ok to record some TikTok-like short videos basically for showcasing Valet features live.
Simple Bitcoin Wallet was designed by Anton Kumaigorodsky with the requirement for running Lightning node on an as cheap as possible Android. SBW may still be used as onchain wallet that is able to run on almost any device.
As for Lightning, we preserved this feature of SBW in its fork called Valet.
Idk. I have no option.
I have 2 banks not because I like them but because one hedges another.
I have no bank with multiple decades of family relations to be proud of, like some random German I've talked to.
Yes. Some funds on ftx intended to test hedge engine of fiat channels. You may also need one anyway.
While stories are genuinely interesting, the whole post misses the point. As mentioned in other comments, the process is cyclical and, I'd say, varies very much from country to country. It depends on the recognition of Bitcoin from a regulatory standpoint, of course, and the general "rule of law" and grassroots activities. It's a very complex topic, but during these recent years, I may definitely say that adoption has grown. Basically, we have to talk here about societal processes.
Was it significant? No. As a maintainer of LN wallet, I may say we get nothing, really, and have no budgets whatsoever. If we didn't fork for the hackathon in El Salvador, we couldn't maintain it. And this wallet has superior UX. Better than the plastic cards you are talking about. People tend to trash LN for bad UX, but they normally do not look beyond channel opens. If the wallet is not Blixt, the UX is much, much better in Lightning.
All magic in "crypto" happens in very stupid things. Yeah, Saifdean's concept of "Bitcoin=gun powder" is nice. However, millions are tapping on hamsters while BlackRock goes along Galaxy digital playbook. We just need to unite with other sane people. Saylor's effort clearly shows there is not enough of them, and it ended up with crazy self-repetitive mantras.