- 137 Posts
- 551 Comments
1·3 months agodeleted by creator
In the last two months, Nostr users alone (decentralized twitter clone like Mastodon) sent each other 2.6 million tips (individual transactions) over Bitcoin lightning. In that same time period, Bitcoin main chain did around 20-40k. Most transactions are on lightning by number of transactions. Maybe not by total value moved, but lightning is pretty opaque and grants additional privacy, so it’s hard to measure for that reason.
Lightning continues to grow and get upgrades (look up BOLT12 if you are curious about the latest upgrades which bring additional privacy enhancements).
It’s open source, and it’s fully self-custody which are two important features. Having a wallet directly integrated into the e-mail client is nice, being able to send payments to other users just knowing their e-mail address instead of their public key is pretty cool. It does automatic address rotation to preserve privacy. Wish it supported lightning for cheaper/faster transactions and additional privacy but hopefully that feature comes in time.
It’s a self-custody wallet and open source. It’s regular main-chain BTC but it does automatic address rotation. Unfortunately it doesn’t support lightning, which is where the majority of Bitcoin transactions occur. Lightning offers significantly increased privacy, sub-second transactions and fees measuring in pennies.
32·3 months agoPersonally very glad to see them roll out this feature. Bitcoin offers pretty decent privacy out of the box, especially with lightning. Like using any technology, using it in a fully private and anonymous way requires some attention to detail. The ability to send/receive BTC from other users knowing only their e-mail address is pretty cool. And the self-custody element is critical.
14·3 months agoAnyone can view your transaction history if they know your wallet address
Not true with lightning. Lighting transactions are known only to the sender, recipient, and any intermediary routing nodes, not the entire world. Even on main chain, You can make as many addresses as you want and achieve significant privacy/anonymity using techniques like coinjoin.
Also, it’s not true that it hasn’t seen downtime. It has happened at least once in its early days due to a bug.
Maybe in the first year or two of operation, but it’s been more stable than my bank, my internet connection, or the credit card processors, all of whom have had major outages since then. Which is 10+ years.
Also, there has been many times where it taken more than an hour between blocks. This is more to its probabilistic nature.
Two hours but 99% of the time the next block comes in 10 minutes. Still faster and cheaper than a bank wire or other common payment scenarios. Lightning wouldn’t be effected by this. This happens less often as the network grows and stability of hashpower increases. If you need speed, you use lightning, not main chain.
0·3 months agoWe beat it last time.
4·3 months agoFirst they came for the custodial wallets
Lightning scales very well. Your information is outdated. A single bitcoin transaction can open a lightning channel. You can have trillions of transactions in a lightning channel between you and anybody else with a lightning wallet. All settle instantly for pennies in fees. They literally happen in under a second. In the last two months, Nostr users alone (decentralized twitter clone like Mastodon) sent each other 2.6 million tips (individual transactions) over Bitcoin lightning. Lightning is decentralized and trustless, just like Bitcoin.
No matter how you slice it: market cap, number of nodes, number of transactions, value of transactions, etc. Bitcoin is on a 15-year trend of growth on average.
Chat control was beat. This can be too. Contact your MEP, let them know this issue is important to you: https://www.europarl.europa.eu/meps/en/home
Chat control was beat. This can be too. Contact your MEP, let them know this issue is important to you: https://www.europarl.europa.eu/meps/en/home
Chat control was beat. This can be too. Contact your MEP, let them know this issue is important to you: https://www.europarl.europa.eu/meps/en/home
Bitcoin doesn’t give AF. It’s your fucking money. Send it where you want. Bitcoin won’t stop you. And nobody can make it. 15 years without a single hour of downtime or any government being able to control it.
- I am not encouraging you to break the law. Don’t break the law.
21·3 months agoTrump has tried to distance himself from Project 2025, but it is clear that he supports and is supported[1] by Project 2025’s many authors[2] including his own press secretary and many members of his cabinet. He has, for example, called Project 2025 “our agenda”[4] and is personally mentioned hundreds of times in the document. By the Heritage Foundation’s own count, Trump already implemented a majority of their recommendations during his last term [3] and 81% of Project 2025’s authors held official appointments in his administration[5].
2 https://www.msnbc.com/opinion/msnbc-opinion/trump-project-2025-truth-social-rcna160774
Bitcoin wasn’t down. Hasn’t had a single hour of downtime or hack since it started 15 years ago in 2008. No bank holidays. Clear and transparent supply, 100% open source code. Not run by any single government, corporate board, or CEO. Sends money across the globe in under a second for pennies in fees, all you need is a phone. Powerful stuff.
You’ll also lose primary voters. I voted in the primaries, there were multiple candidates, Biden lost the primary in American Samoa. If you throw away my primary vote by swapping in another anointed candidate, why would I ever vote in your primaries again? What is even the point? It’s like the DNC learned nothing from the debacle of them trying to squeeze Bernie out of the race (thank you Wikileaks for revealing their corrupt BS and causing reforms to the primary process). They lost a lot of voters doing that.
I hate the RNC, but if they are the only party that will respect my primary vote, they are the primary I will vote in next election. Dems switching primaries like this may produce a more moderate republican candidate, which is bad news for dems, since they won’t just be able to run on “The RNC is run by crazy christian fascists who want to take all your rights away”.
With whirlpool going out of biz, what coinjoin is there for btc?
There’s plenty for anybody who want to research. Coinjoin is a technique.
Doesn’t work when mempool fees are high
LN is disconnected from mempool, that’s the entire point of an L2. Your transactions don’t go on chain or in the mempool. Main chain secures the transactions, lightning stores the transactions. The main chain only stores the start and end balance of a lightning channel, that’s it.
Most people are forced/nudged into using custodial wallets
Their choice, some people will always prefer custodial options no matter how easy non-custodial ones are. LN works fine non-custodially, that’s how I use it. You move money from L1 to L2 in a single tx. Now you have a lightning channel that can have functionally unlimited transactions in it between you and anybody else on lightning. Transactions confirm in a second for pennies in fees.
LN was not designed to be a privacy tool. Bitcoiners tried to shoe-in that it is also a privacy tool
Privacy continues to enhance, look at the Bolt12 upgrades for example. But I agree, and Bitcoin can’t hold a candle to Monero’s level of privacy.
You can’t outsmart supply and demand, period. No government ever has or ever will. Rent control doesn’t work, every economist agrees.
Rent control privileges existing tenants over new ones and doesn’t fix the supply problem. It incentivizes landlords to constructively evict tenants so they can re-rent at market rate instead of capped rate. Boneheaded policy which makes dems look bad. Voting for Biden but this is a dumb look.
You can make as many Bitcoin addresses as you want. You can look up an addresses balance but not a wallet’s balance. It’s not as clear as you’re making it sound.
Bitcoin over Lightning is much, much more opaque, and it’s where the majority of Bitcoin transactions are now occurring. You can’t look up somebody’s balance. The only people who know about the transaction are you, the recipient, and any intermediary nodes used to forward the transaction. Privacy is continuing to improve on lightning and main chain.