I am buying Bitcoin Lightning Liquidity Using my PGP-Monero deposit as collateral. -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA512 Simplified Privacy steps to the market to buy Bitcoin Lightning liquidity under the following conditions. If you want to put money upfront (loan) it to open a channel, I will pay you half AFTER the opening of the channel, half at close. Step 1. You give me your UID. I evaluate your node's liquidity. We agree on price Step 2. I give you my public key and IP/Tor Step 3. You initiate, You fund the channel, you are long Bitcoin, and earning interest. I am borrowing inbound liquidity with no spending ability. Step 4. I pay you half our agreed fee upon completion of the open. Simplified Privacy is regulated by XMRBazaar. Bound by a 2 XMR deposit, locked into an immutable Arweave contract with the PGP key found on SimplifiedPrivacy.eth Step 5. In 3-6 months, you come back and demand more fee or threaten to close the channel. If it's good, I pay you more to renew. Rules: 1. I am NOT sending you money before the open 2. No premature closure threats 3. If you threaten me with closure because I wrote about Monero, I will use this as proof why Bitcoin is worthless. You'd be proving why Bitcoin makes you lose freedom of speech. SimplifiedPrivacy.eth PGP signs this, then Nostr sign on top of that, as true and legitimate binding law. -----BEGIN PGP SIGNATURE----- iQGzBAEBCgAdFiEEacsL/WukOVYJUXVXSH1WpJhowegFAmca3+QACgkQSH1WpJho wegX9Qv8DFNKqG/XZn/0u+ysHorLmkKeH1AfbHs5DUuJgWzNX5bA3PaefLlOkCRe mmbqR1Onx05qcNVIYbOaYPhMh1Qwd2Qzlx1Mc/F0C3M0s5zQ8QM938DpBqAB/E8p xaMVpN26nsXA7oe2R8H1nV7uWBK0zr19upZ7HNV2Vpvkm77PkrOiyjENwrQbehQe 4WKRboKHrSGiASx3rVNReAqVTKsIEFNPsSIZHIwH45ewCYoDxxe/XK7LHgprKm5I LxtgnaexdJyBztMnK6UG6uu7yHa8cECD4Df6rvNNRloJkJ6Pgwd5QUZE2/ApBWCj qg53jl6O9KZ6Fbd0K9uFnAbcTqhOb/gDQxFWK/5fGtkVl8y9kBQFyizaYjj1lBN1 sG56e7GISBC0KVO5ixETCakZkV6CAxvZgkOAJiNISuc1vv62GAmcE1kN4/o4noR4 0EE/gbD/ea2hHw757vNJ+jEcmMrZeaNvHnutIpbtv0+7MX8S0XscJc6eImtsMIx9 qwN/SCAI =LGHQ -----END PGP SIGNATURE-----
some guy noticed that banks and financial institutions have really complex procedures for trusting each other and following the same rules. he came up with a way to use proof of work to get rid of all of that stuff. when I see lightning people having to resort to this kind of behavior it looks like a sad regression to me.
I agree, but fact is lightning is what we have, especially around nostr. And any system of social interaction requires incentive structures a protocols. While you can take away blind trust with our technology, for an actual exchange of 2 things, a service or product and payment, you always need some agreed upon rules and an incentive to behave honestly.
You really are using your mind to create libertarian business ideas man, this one deserves applause. We have trustlessness and trust reducing incentive structures and we aren't using them properly, but you are.