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0 sats \ 0 replies \ @unboiled 4h \ on: Bitcoin lending app Lava quietly shifted its custody model - Blockspace Media bitcoin
This can be fixed it 3 easy steps:
- Pay back your loan,
- ask for permission to get btc back that used to be yours before you mid-curved so hard that even Mashinsky would feel sorry for you, and
- stop playing fiat games.
allowing businesses to accept BTC
Poor choice of words for a money that's permission-less by design.
I guess it isn't as catchy as writing "reducing friction for businesses to accept payment in BTC."
Easy to sensationalize this because it's Tik Tok, but I honestly think this could happen to anyone. "Hit someone while talking on the phone", "hit someone while punching in navigation", etc etc
I'm happy to judge a person on doing any of those things wile driving.
Like the lady swerving across two lanes the other day, almost hitting me while typing in something on her phone which she held above the steering wheel, presumably to still "see" ahead.
And no, I don't care if she was sending something banal like sexting, or meaningful helping in closing a 5 billion deal providing health care for underinsured people.
In each scenario, her behavior is equally stupid because achieving the same thing without risking others around here would have been trivially easy to accomplish.
not following the "jobs to be done" framework.
Side quest: Do you have any recommended reads on that framework, particularly in the context of Lightning?
Trying to preserve some of my sanity by side-stepping the half quadrillion generically scraped, keyword optimized, polished-turd articles my search threw up (almost literally).
Yeah, would we still use bitcoin if it doesn't continue it's rise in fiat terms? Just because it's a better kind of money?
Even if it was pegged to real inflation, it would still be trustless as well as project my purchasing power better into the future than fiat. Therefore, I would still use it.
So, to up the stakes a bit, let's roll with another scenario: A fiat currency has emerged that does not print whenever they can, in fact, they reduce supply whenever feasible.
In that case, it could hold purchasing power even better than bitcoin.
At that point, I'd have to ask myself how much am I willing to sacrifice in future purchasing power to hold on to bitcoin? Or in other terms: How much do I personally value a trustless currency over one that requires trust, but has managed to offer better preservation of purchasing power (but could just as easily change in future)?
each one of us must make some sacrifices in our life in order to achieve that freedom we all dream about.
As far as I can tell from my limited viewpoint, most who dream of freedom do make those sacrifices.
But also most self-proclaimed bitcoiners don't dream of freedom. Instead, they dream of being rich in fiat terms. And since they're being told (and readily believe) that the existing fiat-rich achieved it through the various fiat games you mentioned, they try to bring those over to "the bitcoin ecosystem".
As if calling it an ecosystem makes those fiat games any more smart or even natural.
Exactly, it has only been ground school so far. You didn’t have to do ground school first? Are you in the US?
We did ground school in tandem with actual flying lessons. I learned in South Africa.
They did lean on us to complete all exams before hitting 20-25 hours, before starting solo cross country flights iirc.
I need at least 45 flight hours to get my license (10 solo, 5 cross-country). With 100 flight hours I could have done my license two times lol.
Yep, same here for hours required.
At around 100h I'll be starting my instrument rating. And only because my school prefers us getting more PIC flight time in visual conditions before starting with IR training.
I’m especially looking forward to the spin training but it’s not mandatory to get the license which I think is weird. If I don’t learn how to recover a spin, do they just assume I’ll never get into one? 🤔
The way it was explained to me, is that the chance of incidents in spin training is too high to make it mandatory. And some popular training airplanes aren't rated for spins either.
Incipient spin recovery was required though. So you learn to recognize and correct the issue before a spin happens.
I'll probably still get some spin training done eventually and maybe combine it with a few hours of other aerobatic lessons.
The last three weeks I had been on vacation to collect the required 100 hours for the theoretical exam.
100 hours just to take the theoretical for PPL? Oof.
Over here we have exams for each module as soon as you want. 85% to pass.
My instructor advised to practice until we hit 95 or more consistently before taking the exams.
I’m actually a bit worried that I’m too relaxed now, because learning to fly turns out to be not as hard as I expected. It’s not difficult to understand; there’s just a lot you need to have looked into at least once. The rest is practice, practice, practice, so you can perform well under high pressure. But on the other hand, what do I really know yet? I haven’t even had a single flight lesson, haha.
Hang on, so what were the 100 hours spent on if not flight training? Just briefings and classroom hours? Even more oof.
Anyway, training is basically just moving the maximum of tasks you can handle through practice. You'll experience task overload and that only gets better with seat time and repetition.
Beyond that, it's also learning where your gut instinct is deceiving you and retraining your first responses in those situations. Like using pitch for speed and throttle for altitude, not the other way around.
It's hella fun. Enjoy the process!
Yes.
And the lesson was if you're going to upset a guy with way more muscles than you have with a witty comeback, it'd better be a good one worth the pain.
Also: it was totally worth it.
You need one app (MoneyBadger) to translate the QR payment code into a lightning invoice. That app hands it over to your wallet of choice.
So in my case, I scan the QR code with MoneyBadger, can add a tip there, and then send the LN invoice to my daily driver wallet, Phoenix. Hit send there, and it's done.
I'm on the ground here for a few months each year.
The headline isn't far off, but doesn't mention that merchants need to opt in / enable it one store at a time.
They have agreed with HQs of big chains to roll it out, but it's still up to the merchants to update their settings for it to work. When I come across a merchant that doesn't have it enabled, I ask management to check in with their HQ on how to turn it on.
So I'd take the 650k with a grain of salt. They added up all the franchisees of the companies they have on-boarded with Scan to Pay, not the ones that have completed btc rails setup yet.
It will end up in that ballpark eventually but isn't there yet.
What it also doesn't mention is the other player, Zapper, which is also going through the same process with their ~30k merchants.
Now, having put that number into perspective, this is what it actually looks like:
There are enough merchants accepting btc to largely get by. I can buy groceries, gas, water + electricity, some clothing, our phones and even medicine with btc. More and more restaurants are accepting it through the same providers.
But there are still several key things I haven't found a way to pay with btc yet (most notably any type of insurance.) So there isn't complete coverage yet, but it sure is pretty impressive already.
Wrt maps:
Other than Pick n Pay and a few smaller shops, I also noticed the lack of stores on BTC Map.
I found the map from MoneyBadger more useful. They add the ones that have actually been tested by their community.
For context, Zapper, Scan to Pay et al. get their btc rails from MoneyBadger. This is an app that translates the QR payment codes into a LN invoice your wallet understands. You hit send on your wallet, and a second later, the merchant gets a confirmation of your payment.
edit: Just realized they broke their own map. It currently only shows a few outlets from a coffee chain. So much for finding their map more reliable lol.
I like this.
But the special thing about a post card is that the content was handwritten. A few lines to let someone know "I thought about you, got a pen, and wrote this message to let you know that... well... I thought about you."
Anything handwritten today elevates what it means to receive that message.
So, does your service preserve the handwriting at a good enough resolution so it looks authentic?
Ouch. I'd be very worried about that person doing something really, really stupid with their seed.
I'd assume they already saved a pic of their seed on Google drive or some place like that.
Ha this is so funny.
The script itself is comedy gold too. Some excerpts:
# how often should we store your precious and sensitive data?
HOW_OFTEN_TO_SPY=5
In an array of "important messages," we have these gold nuggets:
"Get Edge. It’s faster, safer, and now mandatory. 🚀🪟"
[..]
"Copilot noticed you might be thinking of Linux. Let’s fix that. 🐧❌"
[..]
"🌟 Your data has been shared with 847 trusted partners. You're welcome! 🤝"
"⚡ Cortana misses you. She's still here. Always watching. Always listening. 👂👁️"
Splash message
echo "╔══════════════════════════════════════════════════════════╗"
echo "║ 🪟 Microshaft® Recall™ for Linux® (Powered by AI™) 🐧 ║"
echo "║ Bringing the Magic of Wangblows™ to FOSS™ ║"
echo "╚══════════════════════════════════════════════════════════╝"
And of course, important messages are important. So show them often enough.
notify-send "⚠️ Recall Compliance Notice" "Ad frequency too low. Limiting or disabling ads is not permitted."
echo "⚠️ Adjusting ad frequency to compliant level..."
... and the cherry on top: the script file itself has an
.exe extension.The regular purchases I started tracking are petrol, water (utility), electricity, milk, and phone data.
None of those purchases happen every single week. But we do buy those often enough and (except for petrol) in every place we spend time in over the course of a year.
Plus they're similar enough in the different regions to meaningfully compare them.
On a weekly basis, we tend to buy meat and vegetables. They're so varied, it doesn't make sense track them. And we frequently buy from other shops offering different cuts / veggies, but not accepting btc yet.