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1.) financial sovereignty can't stand on a worthless asset
2.) $0 Bitcoin kills the financial argument, but not the sovereignty argument (assume USD still has some market value)
3.) self-custody is really just cryptographic key management, and crypto-keys already secure your entire digital life
4.) if you don't own the keys that secure your interactions online. then someone else does...
5.) every third-party holding your keys or data is a honeypot: leakable, sellable, or ransomable
6.) the same discipline that protects a seed phrase and maintains a bitcoin node is what protects your online freedom, internet identity, communications, and access to infrastructure that isn't trying to control you
7.) cryptography is a modern miracle of mathematics that tyrants and authoritarians hate. That's enough of a reason for further study...
information is duplicated not consumed
there's no 'market price' to depress or inflate
prices are a market coordination mechanism
philanthropy is a resource allocation decision
Either this whole post is AI slop, or OP is deeply confused about LN...
The total volume of payments settled on the Lightning Network (LND) hit a specific, almost mocking milestone:
How do you know this? It's not public how much is routed on LN. Are you just guessing or assuming this milestone was actually achieved?
Take the recent -30% drawdown in crypto markets. You’d think a bear market would freeze Lightning, forcing it to rely on the base layer (Bitcoin) for its reliability.
In a bear market, lightning is less reliable? IDK, this train of thought does not track...
Instead, [lighting] thrived [in a bear market]. Why? Because the "Ghost in the Machine"—the belief that Lightning is the only way to move value—has kept capital locked in channels.
I don't think people believe that LN is the only way to move funds. Rather, most payments are still denominated in fiat and when BTC is down ~30% in fiat terms, it's like everyone's channels just got 30% smaller. People still have to buy things so the LN still has to work with less value locked, so the turnover of channels accelerates and nodes add more capacity which "looks" like a thriving network from the outside.
60% of Lightning merchants have abandoned dynamic fee adjustments.
Source? This phrasing doesn't make sense to me... aren't merchants primarily RECEIVING payments? What fees are merchants even able to charge here?
The average payment is hovering around 3,000 sats, but the median channel size has ballooned to 50,000 sats to maintain liquidity. This is inefficient capital storage, essentially a "Liquidity Trap" in real-time.
Yes "average" is pretty inefficient. Luckily, we have "professionals" with much better efficiency that actually do the volume required to keep LN running.
Despite the "instant" branding, the average finality for a complex routing path is creeping up to 14 seconds.
The "average" for a "complex path"... can we just stick to averages and not the worst of the averages?
I’ve been watching the on-chain data for months, specifically looking at the "Win Rate" of successful direct hops versus multi-hop journeys. The result is stark: only 16% of large payments (over 10k sats) clear in a single hop without touching a "middleman" node.
LN is not onchain. You cannot see hops publicly. These stats are whack and probably an AI hallucination.
https://github.com/nopara73/Dumplings
Every JoinMarket transaction counts as "Other," but not every "Other" transaction is JoinMarket. So "Otheri" is a catch-all bucket for any coinjoin-shaped transaction that doesn't match Wasabi or Samourai's specific signatures.
That includes JoinMarket, but also look-alikes (coincidental equal-output consolidations, exchange/custodian batch withdrawals, independent Coinjoin implementations for academic/research, or forks of Coinjoin implementations)
Fun fact: USA public libraries often accept donations which are on the banned books list: https://www.ala.org/bbooks
There are also various political lobby groups that systematically file complaints or suggestions to get certain literature removed or inserted from individual library branches.
The public library has to offload this "banned media" somehow.
Life hack: Shop books from library sales! That's where you can find the information "they" don't want you to have.
the network is shrinking the network is getting more efficient
"the network" is more than just nodes and their public channels... it's also all the users with LN sats on a wallet ready to spend... it's also the websites and merchants accepting LN as payment (sometimes LN is the only method for BTC)
Not seeing any evidence that Lightning's "network effect" is shrinking at all. So the fact it keeps running with fewer nodes/capacity is evidence that node operators are getting more capital efficient. Bullish.
Can't wait to use all my fork coins to mint inscriptions on the new chain! I might actually get into the hobby now that I have some worthless forkcoins to spend and a dedicated chain to practice my graffiti. If it's as fun as the enjoyers claim, might actually mint something on the real BTC too. Thanks for the inspiration 110-ers!
Journalism, blogs, forums, and independent creators all depend on traffic to fund their work
I suppose their work will have to fund their work.
What a novel concept! /s
Advertising is cancer.
LND attributes every failed HTLC attempt to a specific position in the route via the failure_source_index field. Since intermediate failures come back to you as encrypted error onions that only the sender can decode, LND decodes them and records exactly which node reported the error on each attempt.
Live: lncli trackpayment <payment_hash> (RouterRPC TrackPaymentV2) streams every HTLC attempt. Failed ones look like:
"htlcs": [{
"status": "FAILED",
"route": { "hops": [ {"pub_key": "02aa...", "chan_id": "..."}, ... ] },
"failure": {
"code": "TEMPORARY_CHANNEL_FAILURE",
"failure_source_index": 2
}
}]Is it possible to self-host anchorwatch? Seems like it's just a daemon that checks a PSBT before automatically signing it in a multisig.
What if I don't want a third-party key holder but I still want to restrict spending without covenants? And I don't care about insurance?
Maybe OpenSats should sponsor some podcasts and spread public service announcements instead of letting all the scams and shitty companies influence the influencers.
Don't feel bad because you got paid to shill ColdCard, that is an honest business deal, nothing wrong with sponsorships.
Hard disagree. Sponsored content creates bad incentives. Information wants to be free (including free of strings-attached and sponsors to keep happy).
Should influencers feel bad for being paid to shill FTX?
Products with paid adverts are inherently inferior. Every bit they spend on ads, could have been spent making the product better/cheaper.
You can grow your audience from free content and sell them YOUR OWN PRODUCT! That fixes the incentives.
If you don't have a product, just ask for donations. If you must take sponsors, your content is rooted in marketing, not truth/education.
Shoutout to all the pods who don't have sponsors. They're the real ones. Even if they recomended ColdCard out of their personal belief. It's better than being paid to do so.
Spending bitcoin just makes someone else hodl it :)
Without spending, nobody but miners could hodl. Without hodl, nobody would have value to spend.
Show me a great deal that I can buy with sats and you wont have to write a blog post to convince me to spend sats!
Maybe instead of convincing the people you buy from to accept BTC, You can make something that people buy and accept BTC yourself! The loop starts with YOU! No sales pitch needed.
I don´t know if BIP-39 words existed
No, not even a passphrase for entropy or encrypting the wallet file. Nothing Satoshi ever shipped had a password. The client created a wallet.dat plaintext Berkeley DB records of serialized keys for every address you created.
I guess his whole PC was the hardware wallet
"Hardware wallet" is a marketing term. Nothing about creating a bitcoin key is "hard" (in that it requires special hardware). Hardware wallets are just expensive low-power computers.
There was also much fewer attacks. Bitcoin wasn't worth much of anything. There wasn't much incentive to try cracking keys. Besides, you could mine on your laptop for a few days and earn 50BTC. Even still, people would stop mining because their laptops got too hot.
Of course, the incentive to crack satoshi's keys is higher than ever so the fact they remain safe is evidence that hardware wallets are not necessary.
100%
The people who find bitcoin valuable are already here.
Smart people will save themselves. The masses are saved by the new society that smart people build when they are left alone with sound money.
dismorphology - the study of how certain pyhsical birth defects, syndromes, and diseases affect the brain's thought patterns via observations of a specific behavioral phenotype
For example, those with Fetal Alcohol Syndrome Disorder tend to exhibit certain facial deformities while also being associated with heightened suggestibility, acquiescence, and confabulation, there's also a ton of forensic literature on false confessions in FASD individuals for exactly this reason.
As a fun exercise, create a lineup of faces of loud/public BIP-110 supporters and you'll find many of them share these features:
https://freemedicaljournals.com/blog/wp-content/uploads/2026/07/Fetal-Alcohol-Syndrome-Face-in-Adults.png