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0 sats \ 0 replies \ @standardcrypto 20 Dec \ on: How to conceptualise multisig? bitcoin_beginners
https://harrypotter.fandom.com/wiki/Horcrux
See subsection on multiple horcruxes.
The argument is not that people will never need a scaling solution that accounts for more self custody.
It's that if there doesn't seem to be a bottleneck now, it's not an emergency.
You respond to the bottlenecks you actually have, not the bottlenecks you might have.
Resources are limited, you have to prioritize.
You rule @darth
David Marcus's (@Libra) origin story of lightspark, coinbase's kyc/aml lightning wallet.
That being said
Given onion routing, how much censorship can Coinbase do as a lightning node before they stop being an effective liquidity provider / lsp/ custodial lightning wallet?
Not a rhetorical or partisan question. Genuinely interested in hearing from experts who have thought about this.
If payments are onion routed, how do the uberbank nodes know which routes to censor?
If uberbank nodes refuse to onion route, won't this push everyone else to close the uberbank channels and open channels with nodes that are well connected and have high uptime enough to route well ("centralized" if you like), but respect onions?
Thus bankrupting the uberbank routers and helping the cypherpunky routers.
ie, doesn't paid onion routing solve this with the right game theory and market incentives?
iiuc onions, the censoring uberbanks know the incoming and outgoing payments, and so the previous and next hops. Can they build up a whitelist/blacklist to fail routes that the censor doesn't like? It's worth thinking about more, and I probably will. But my gut feeling is no.
269 sats \ 3 replies \ @standardcrypto OP 25 Nov \ parent \ on: Falkvinge Criticizes Lightning (2018) bitcoin
My solution would be to have payments go to bank-custody wallet with high uptime, and drain funds immediately to self custody whenever possible, ideally it could be done within seconds.
why amounts smaller than the dust limits?
500 sats / 0.02 cents iiuc.
I mean do you have a specific use case?
there is always going to be some lower bound you know!
Softfork now is a political not primarily a technical challenge
People like
hate it because ultimately it represents a loss of power
But it is what it is.
You want to change bitcoin, get ready to lobby and grit your teeth for years, and maybe still not get what you want.
I think we will get ctv or something like it when/if lightning opens become "expensive" (for some whatever value tbd)
But it will be like watching yellowish tannish brown, but not totally dead, grass, not growing, next few years
New plan to achieve carbon emissions safety targets: lock women up at home.
Just looking at the co2 generated by females utilizing urban transit, I think this plan could actually work!
"The Taliban has closed schools and universities to female students over the age of around 12. It also announced a set of wide-ranging morality laws this year that require women to cover their faces in public and restrict their travel outside the home without a male guardian."
"Each bitcoin transaction generates carbon emissions roughly equivalent to driving a gasoline-powered car between 1,600 and 2,600 kilometres"
Each word in the first 6 words, and especially the first 3 words, is going to be the subject of massive debate in coming years, and possibly an excuse to try to ban / nerf bitcoin.
Snark isn't enough, bitcoin folks should learn the ground truths and learn to fight with words.