This is likely related to the advancement on the technology. It is simply too early for these type of vehicles.

Making matters worse, these EV are almost all battery powered focused. Batteries degrade on every charge. EV are no different. Replacing an old battery is just as expensive as the vehicle itself.

I truly wonder how much illusions the democrats must have to keep this puppet as their representative. 🫠

The amendment 25th exist for a reason... Can we kindly remove this embarrassment from the US please?

Understood. Then what would be the base denomination representation of the DLC dollar?

An inverse derivative locked contract like stablesats and what kollider built before is what I thought would be the base representation. Which means it would be a synthetic dollar.

Do you have any documentation explaining this portion of the contract and how you are attributing the derivative to make dollar representation?

Right, that's what I stated originally when speaking of different collateral to debt.

But when loan is the same debt as collateral, the relationship is reverse. So if you take a loan for bitcoin and get bitcoin back, you would use this for when market is in a downturn.

That said, lendasat site doesn't seem to indicate what you receive is a synthetic dollar using DLC instead of direct sats itself. Or maybe just wasn't clear to myself. 😅

So this works for just sats too. Nothing stops a loan utilizing collateral as same as borrowed. Though it tends to be less efficient, you can still do so.

Interesting part is that you may use this better when market is losing value. So you pay off by buying into bitcoin when value depreciates and you still don't sell your original bitcoin.

Say you want to purchase something, but don't want to sell your bitcoin. And you expect bitcoin to rise in value.

Using a lending platform allows you to use that bitcoin as collateral to get funds now. Do the purchase of the thing.

Then once bitcoin value goes higher, you pay off the loan with the bitcoin in the collateral. Or you pay back the borrowed amount with other funds. Effectively using smaller percentage of bitcoin or none at all for the original purchase.

You also avoid capital gains tax on such a scenario. As when you get the borrowed funds, it doesn't hit capital gains.

I wonder what this means on support for zerosync from starkware? 🤔 Now that starkware wants in on bitcoin directly, will they impose constraints on zerosync good work?

Full on starknet with all the shitcoin incentives? 🫠 And OP_CAT at that ... 💀

I'm all in favor of zerosync making the base layer support zk proofs for settlement. Granting capacity of running a node with almost no resources requirements. But not starknet directly. We don't need it.

Amazing work as always. And very exciting at that. Truly feels like ecash was the missing piece to make lightning work.

Curious how citizens will adapt. Japan culture has been so disoriented by the superficial deflationary, it may not be able to sustain its culture with stark inflation.

Honestly really excited for this. Fixed offers, subscriptions, and even refunds, all natively in lightning.

Very exciting. Especially with it being a tokamak design. It's considered the holy grail of fusion design. But the engineering hasn't yet been solved for sustainability of a reaction. So, very glad we got a win in this department!

This is probably going to get a lot of hate, but I think the united states has pretty good, off mainstream areas, for good quality of life. You have to look inwrad. Outside the coasts and common areas. There's a multitude of gems. The problem is you have to find them in the vast underpinning of each state. 😅

Ferrari

You bring up a good point. DoD recently has been looking for both a way in and resistance to "Q day".

As for bitcoin, it's not ECDSA alone, but even sha256 becomes more vulnerable. ⚰️

On the plus side, there's work right now in building out [zk stark proof]https://www.techopedia.com/definition/zero-knowledge-stark-zkstark) used by zerosync. But that would also require a full state proof implementation for bitcoin. Something that is likely away from realization by at least a decade. 🫠

Check out zerosync. Zero knowledge proofs take it a step further. Making the full ledger verifiable in this hash format you thinking of.

There's already work on potentially making a full node that is zk proof based.

I do think the cashu way makes it really simple to do the same.

One which automatically works with any lightning wallet you have available.

And if you want onboarding, mutiny gifting works quite seamless. In that it provides you a lightning wallet automatically by shared link.

Very likely. Or you get Elizabeth Warren using it as a way to say bitcoin is insecure. Getting even more disconnect.

This type of crackdown is going to happen on all kyc areas. It's going to get mighty difficult interacting with the borders of fiat.

I expect self custodial is next...

Absolutely monstrous work! Can't wait to see how much SN grows.

This is such a great milestone. With how insignificant the funding for fusion reactors has been, it's kind of incredible we even at this stage.

ITER is not that far off. Very exciting times.