0 sats \ 0 replies \ @random_ 9h \ parent \ on: Stacker Saloon
Well, now I am more familiar with how route hints work.
What bothers me is that they use a different key for the fee_rate_milli_msats. And route hints don't include information about the capacity of a channel, but a route object (which is constructed from route hints) does.
It's like if someone makes a joke, but it was bad joke (unbeknownst) and then they went on to explain it, unasked, that would be ironic cringe.
But since you acknowledged it as a bad joke, if you had explained it, it would have been unironic.
To top it off, you made me be the one to explain so it's doubly unironic. Well played, sir.
?
I'm riffing with you. You said it was a bad joke so I'm asking you to double down so I can understand. We're all friends here.
Denominations in the lightning network are cancerous.
milli_msats? They're called microsats if you use the INTERNATIONAL SYSTEM OF UNITS.
What happens if the systems go down?
Bitcoin is a fault tolerant distributed network. There are thousands of nodes around the world. They can join and leave the network at will. It would take a world wide cataclysmic event to bring down every one of these nodes in a way that they cannot be brought back online. My guess is we'll have bigger problems to worry about if that happens.
Here's a game to visualize the concept.
https://bitcoin-battleship.vercel.app/
h/t @jasonb
What is the overall purpose?
From the first sentence of the whitepaper:
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one peer to another without going through a financial institution"
What happens when all Bitcoin has been mined?
The block subsidy goes to zero. A diffusion process begins. Whales begin to die. Shrimp begin to grow.
How is it going to help society as a whole rather than just the few?
When honesty is optional, trust is a vulnerability.
An open predictable monetary policy allows one to make informed decisions about their wealth. Having a true store of value will allow one to prepare for the future.
What happens if the economy crashes?
Big banks get bailed out. Inflation. Unemployment. Bitcoin is seen as a risky asset so potentially NGD.