@notgeld
101,583 sats stacked
stacking since: #155longest cowboy streak: 1
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0 sats \ 3 replies \ @notgeld 26 Nov \ on: Why you should orange-pill any merchant and business bitcoin
Every merchant is kinda "centralized," and this has many consequences. This post addresses nothing. Similar to saying, "To be flying, you must overcome gravity."
0 sats \ 0 replies \ @notgeld 24 Nov \ on: Milei backs away from dollarisation as central bank pick rejects role bitcoin
They have started with strong new team and eradication of corruption in Georgia. Milei probably starts from the wrong end. Beaurocrats will resist.
0 sats \ 0 replies \ @notgeld 22 Nov \ on: Will you buy/sell corn knowingly from/to OFAC non compliant utxo? bitcoin
Normally I don't want to know that. And since CEXes lost their point I don't care anymore.
0 sats \ 1 reply \ @notgeld 19 Nov \ parent \ on: Cory Klippsten Exposes Brian Armstrong bitcoin
It is not so hard to call out scammers in the space full of scammers.
0 sats \ 3 replies \ @notgeld 19 Nov \ on: Cory Klippsten Exposes Brian Armstrong bitcoin
Cory comes to expose the fractional reserve guy but there is also Cory.
0 sats \ 0 replies \ @notgeld 19 Nov \ on: A Provably Fair Off-Chain Lottery (and DLC) Protocol bitcoin
The provably fair lottery doesn't need any oracles. The Bitcoin is an oracle.
https://t.me/LuckyTipBot
0 sats \ 0 replies \ @notgeld 19 Nov \ on: What is the MOST secure Lightning server/distro/application? bitcoin
LND is the most popular and so far I havent heard any serious vulnerabilities. But so be it with other clients. Their security relies on operating system security.
10 sats \ 0 replies \ @notgeld 18 Nov \ on: Bitcoin As Legal Tender In Germany, Proposal bitcoin
If you know Germany good enough you realize that it is a clickbait.
150 sats \ 0 replies \ @notgeld 14 Nov \ parent \ on: Mutiny Wallet forced closed, on-chain balance zero bitcoin
Too new client, generally. I once tried Eclair and had instant 5 FC in a row. After them i figured out a proper setup but it was just a setup in my case.
0 sats \ 1 reply \ @notgeld 13 Nov \ on: CEX purchasing issues bitcoin
Local p2p traders, OTC desks. Companies like ETC Group.
0 sats \ 0 replies \ @notgeld 12 Nov \ on: The Achilles heels of cold storage bitcoin
Depends on the threat model. Refer to Blockchain Commons materials to learn more about this.
Generally, yes it is better to store them separately. Using shamir secret sharing scheme you may split phrase among different locations.
0 sats \ 0 replies \ @notgeld 11 Nov \ on: Response to: "Wait... You Guys Still Use a Fiat Bank in 2023 ?!" @DarthCoin bitcoin
This is interesting. Because Mr. DarthCoin was so toxic about Standard Sats Fiat channels, which should allow people actually avoid fiat because of its most used feature -- relatively stable purchasing power. And since there are no tokens, Fiat channels may also allow people to avoid using stablecoins. It is like 10101 DLC channels but much cheaper, albeit custodial.
10 sats \ 1 reply \ @notgeld 8 Nov \ parent \ on: Would you loan your bitcoin to a TradFi bank (BofA, Chase, etc.) for yield? bitcoin
But looking further into the thread I also started thinking that banks might be paying premium to have better collateral available for their business in the times of instability. But this is deeply confusing and seems that LN key rate idea is pretty self sufficient and adequate.
10 sats \ 3 replies \ @notgeld 8 Nov \ parent \ on: Would you loan your bitcoin to a TradFi bank (BofA, Chase, etc.) for yield? bitcoin
Mostly to make fun.
But actually there are anticipations that LN will set Bitcoin's "key rate". Not risk-free rate but some sort of yield that could be generated from liquitidy used in channels.