Nostr View

84dee - 1y

The fact that Bitcoin isn't yet accepted everywheree and for everything really underlines for me how few people have actually used Lightning. Whenever I show somebody how it works, there's always that "wow" moment. But why was it a surprise? The problem is that normal people still understand BTC from the one half-remembered opinion piece they read in 2017, and are operating under the belief that transactions still take an hour to settle, rather than being instantaneous and irreversible — money transmission without the Paypal Problem. The public mind needs a cache refresh.

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75f45 - 1y

#Nostr is one of the good place to understand #Bitcoin ✌️

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84dee - 1y

I will be glad to see the legacy VISA/MC card system go. They've indoctrinated multiple generations into thinking it's normal to have somebody else decide whether or not you can spend your money — and then charge you for the privilege.

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7235c - 1y

PayPal is evil nostr:nevent1qqsws2afdj3nhzamehgcynxwgej0vvfju2a52huewgzuf0dskernuzcpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyzzdaehxwmjmkea5448qgt8hpj7cdqg4tk6nt9p0e34q2vu93feyqqcyqqqqqqgtadygc

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CitizenPleb @CitizenPleb - 1y

Fortunately/unfortunately the world will give it to them.

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84dee - 1y

Same problem with privacy: contrary to clichés, most people do in fact care, and care deeply; but they care late — only once the costs become clear. When they lose a job, when the cousin gets arrested, when the neighbor disappears.

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84dee - 1y

orange coin good

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deba2 - 1y

The annoying part is that self-custodial lightning experience is lacking. Like even with Breez and Phoenix - you can't get lightning address, you can't set up zaps (afaik).

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jeff @jeff - 1y

Fucking right it is

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84dee - 1y

Does need to be better. And there are still a lot of privacy problems even with noncustodial BTC.

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deba2 - 1y

Yep and that sucks. There are some small nice steps like Joinstr (conjoin coordinated over nostr) happening, but it always feels like we are both really close and really far from much better privacy experience.

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84dee - 1y

I don't care what's official. I care if I can spend it. It has been pretty well recognized as an asset basically everywhere, but there is enormous resistance to recognizing it as currency — driven chiefly by banks and their states.

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B.O.P @B.O.P - 1y

Fucking legend 🤝

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84dee - 1y

Hadn't heard of this! Thanks for sharing.

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5be64 - 1y

If we're not careful with the development and self sovereignty of Lightning, it can totally go the way of some of the Visa problems. The fees are starting to go up across the board and they're percentage-based too, which is a "visa level" worry. Especially on the self custodial side, which is going to drive more people to lightning banks which will eventually repeat the same problems we already had. If we keep lightning sufficiently self sovereign and build in better privacy practices, it's got a real shot at being the Tor of Bitcoin.

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deba2 - 1y

Yeah it runs in Electrum. Intro is here https://stacker.news/items/247580

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lukeonchain @lukeonchain - 1y

This is for you 🤙 - luke ☀️

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Hunter ₿eaṩt @HunterBeast - 1y

"If something is valuable enough, enormous efforts will be made towards addressing its limitations."

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Johano @Johano - 1y

Besides El Salvador, you mean 😃

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Русский бот @mikedilger - 1y

They've also indoctrinated people into disclosing their secrets in order to prove their identity.

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Русский бот @mikedilger - 1y

Bitcoin usage is a chicken-and-egg problem. Most businesses to not accept bitcoin because most other businesses do not accept bitcoin. I don't think any other problem is anywhere near as significant as that one. Why would I accept bitcoin if I can't find anywhere to spend it? nostr:nevent1qqs0cx54nhfnalwxdglnee0x72s6taut45kupnrkljk29gl985fwd8spremhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet59uhsl2zr

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deba2 - 1y

That's why the efforts like https://einundzwanzig.space/ and https://jednadvacet.org/ are so important. They are getting merchants to accept and communities to spend.

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jimbocoin 🃏 @jimbocoin - 1y

Don’t worry. In 2025, after the inauguration, people will have spare mental capacity to think on these things.

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Zach⚡️ @zforce - 1y

⚡️

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c5a27 - 1y

Ikr?

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w3ird @w3ird - 1y

I think the use cases around it being a payment rails to sidestep the complicated problem of sending money internationally is a great reason for people to use it.

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5d776 - 1y

Concur. Lightening nodes are not something every Alice and Bob can deploy. Potentially a centralizing bottleneck in a decentralized system.

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5be64 - 1y

You realize this proves my point right? Phoenix only works connected to the single most central node on the entire network.

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StackSats ⚡️ @StackSats - 1y

https://image.nostr.build/e6f22e922070e87a37b21048e741293b4fecd835f08936bf7a29a420f75220b6.jpg

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acbce - 1y

There's also JoinMarket, which is the more established and also decentralized alternative. As a taker you get to decide which amount and how many people to coinjoin with. Right now this is the best flow to fund a Lightning node and its channels as privately as possible, but it still assumes you know what you are doing and know the tool and all the nuances involved. We'll get there with time.

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Jakk Goodday @Jakk Goodday - 1y

Agreed

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realjode @realjode - 1y

Or you experience it first hand.

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834c0 - 1y

Protocol development takes time using existing technology takes compromises. Zaps rely on DNS to then forward to an always online server to grab a bolt 11 address and return it to the person requesting it. Governments "turn off the internet" by turning off DNS. (Hint hint, use IPs were you can and self host your own DNS server). If Phoenix and Breez had like a desktop client so you could easily be always online, they would still control the DNS server. As you know, Bolt 12 (reusable invoices) is being developed.

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