Oddbean new post about login | logout 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.
#Nostr is one of the good place to understand #Bitcoin ✌️
But who controls the mass media for the public these days? TV viewership is at an all time low, new medias are fragmented. Hmm. How do we trigger a cache refresh for the masses? nostr:nevent1qqs0cx54nhfnalwxdglnee0x72s6taut45kupnrkljk29gl985fwd8spz9mhxue69uhkummnw3ezuamfdejj7q3qsn0wdenkukak0d9dfczzeacvhkrgz92ak56egt7vdgzn8pv2wfqqxpqqqqqqz9jys5x
People basically do and think what mainstream media tells them to. Imagine if the television started telling them to exit fiat to Bitcoin it would be a stampede. Eventually will happen imo.
That scenario will only happen after the “right” people are positioned into it as a lower price (I.e. Blackrock and friends). Everyone else will be told to get into it when their corporate overloads are properly set up.
Slow and steady adoption. It's a paradigm shift and will take time. Once the veil is lifted it will be lifted forever. nostr:nevent1qqs0cx54nhfnalwxdglnee0x72s6taut45kupnrkljk29gl985fwd8spzpmhxue69uhkummnw3ezuamfdejsygyymmnwvah9hdnmft2wqsk0wr9as6q32hd4xk2zlnr2q5ectznjgqpsgqqqqqqstf4rle
Well said. Bitcoin is a plethora of understanding: Math, Sociology, Computing Science etc. And it takes someone to essentially implode their existing frameworks of money and power etc etc. A lot of us are working hard to change this via education. ✅️👍
One learns about fiat as a child and over time. It doesn't seem like there is any work. Bitcoin/Lightning requires attention and work in order to adopt. People only change when the cost of not changing is more painful.
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.
Boltcards + @Bitcoinrocks stickers are an eye opener. But what do we do with the xrp people. They seem to be to far gone and spreading a mind parasite undoing all the work constantly. The best way to get them to look into it is pain. People need to feel why they need it
Not easy. At my work, despite all my knowledge... I still have colleagues who don't ask for any advice or sounding board... and the tell me how they're "All in on Ethereum (because they read some random article) but don't hold it in cold storage because the crypto exchanges are insured" 😳 or "I'm going to try and day trade Matic/Polygon" or "My buddy says XRP is better than Bitcoin". I mean... I don't mind if people want to own whatever security or pump n dump they want... but it's soul crushing to have then pass up the hardest, soundest money ever created for something else so different and so inferior.
They have better propaganda than we do. Once the victims get ripped off, though, they'll make their way to Bitcoin, as they won't have any other option. Something something time preference
Bitcoin is the apex predator. It can't be killed at this point, and can't be corrupted or debased by *anyone*. As far as I'm concerned, BTC is now the global reserve currency until someone smarter than Satoshi comes along, everything else is fun and games.
Only 20% of the population (maybe less) need to understand the how and why, the remaining 80% will take it upon faith of others to know it works.
Less. An organized and well connected 5% could bring the other 95% on their own. This just needs time.
We need to help businesses that have been bullied by the banks to sign up. See my previous note about PrivacyDevil.com and how the owner was forced to remove Bitcoin accepted from his site and packaging yet still had his bank accounts with Barclays and HSBC closed as they don't like Bitcoin.
The public mind appears to largely function through repetitive propaganda.
orange coin good
There needs to be more of the color Orange. America is not safe to live in and there's no one coming to save us.
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.
Can't wait to disrupt them with lightning
C'est cela que devrait être l'idée...mais il y a tellement de gens dans le Bitcoin qui ne pensent à leurs propres intérêts et finissent par jouer tel dans le système Fiat comme des concurrents à jouant à être les plus à en être détenteurs
Oh great now I have to come up with something different and I'm already running out of options and im still waiting for interviews
It only takes one lightning transaction to get the mind blown. Instant transfer of sats, near zero cost, zero intermediary corps!, fully secure, peer to peer.
All within the custodial safety of a node provider, just like a bank! The funny thing is that Bitcoin is fast and cheap on layer 1 already, but greed and number-go-up thinking, as well as shit-talking and an irrational love of code that doesn't begin to resemble the bitcoin white paper have distracted the masses from a bitcoin that actually works. If you think one lightning transaction is all it takes, maybe you should try one BCH (or Monero!) transaction and you will ask yourself 'why am I wasting my time with Lightning'. Lightning was invented to solve the problems with bitcoin, that bitcoin was invented to solve for banking. Fast cheap transactions. How stupid is that?
All within the custodial safety of a node provider, just like a bank! The funny thing is that Bitcoin is fast and cheap on layer 1 already, but greed and number-go-up thinking, as well as shit-talking and an irrational love of code that doesn't begin to resemble the bitcoin white paper have distracted the masses from a bitcoin that actually works. If you think one lightning transaction is all it takes, maybe you should try one BCH (or Monero!) transaction and you will ask yourself 'why am I wasting my time with Lightning'. Lightning was invented to solve the problems with bitcoin, that bitcoin was invented to solve for banking. Fast cheap transactions. How stupid is that?
I have no idea what you're talking about. Sats here, sats there, why touch shitcoins?
Lightning has so many issues because of it's complexity and abstraction that Monero or even Bitcoin and other L1s don't: Usability: -you need to open sufficiently funded channels to be able to even receive or send to begin with (very inconvenient, unintuitive, and annoying) -limited in the amount you can send without your transaction failing -can't transact without both parties being online at the time of transaction -can be force closed onto the base chain against your will Security: -can be rugged if your node is offline -illusion of final settlement (nothing is truly settled until on chain) -ability to grief honest users with zero cost -recent unresolvable critical security issues discovered that cannot be fixed without base layer changes lists.linuxfoundation.org/pipermail/lightning-dev/2023-October/004154.html Privacy: -bad receiver privacy, IP is exposed by default, and hidden balances can be discovered by a passive adversary -centralization of massive routing nodes negates/reduces any help from onion routing -relies on large centralizing middlemen nodes for succesful routing and cheapest fees (incentives opposite to decentralization and privacy) Any solution to these usually come down to custodians or trusting someone else's node. Worst of all it isn't even a real solution for scaling bitcoin for all the downsides you take on: https://www.truthcoin.info/blog/lightning-limitations
*currency transmission, not money transmission
Fortunately/unfortunately the world will give it to them.
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).
Does need to be better. And there are still a lot of privacy problems even with noncustodial BTC.
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.
Hadn't heard of this! Thanks for sharing.
Yeah it runs in Electrum. Intro is here https://stacker.news/items/247580
- Ex-Wasabi Dev - No defense against sybil attacks - No ddos protection - Worse anon sets - Worse entropy - Worse UI/UX - No spend tools - Fractured crowd - IP exposure - Only decentralized as nostr relays - not a zerolink protocol Therefore whirlpool is superior And what does joinstr solve its not a zerolink protocol and they are no postmix tools.
Hi Snowden! #Nostr relies on links to the centralized web for photos and videos. To avoid the pitfalls of the centralized web, we need freedom from it. #Nostr relays can now store all file types as Merkle DAGs, which are basically Merkle Trees with directories. 📁 Any file or folder can be signed like a nostr note. We call it HORNET Storage to represent the Cyber Hornets protecting bitcoin.⚡️ Would be an honor for you to review the site! https://www.hornetstorage.com/
Does storing images on relays pose any additional risk to them?
Storage costs. Bitstream is designed to pay relays as they deliver data, bit by bit over Lightning. The file chunk itself is released as a preimage to settle the Lightning invoice. That should help with the increased overhead for relays. Static monthly payments from users has many relays going out of business — they underestimate operating costs.
Have you considered a scenario where seeding relays with illegal images could quickly undermine the entire network? I actually think centralized services are great at handling media because they have more tools at their disposal to moderate for illegal content. I thought that having media live on relays could potentially put them in legal hot water so to speak. But with text only, there is a much lesser risk of being taken offline. That and it keeps relays leaner and easier to spin up. Or were you thinking only some relays handling media?
Being a centralized storage provider does not improve your ability to moderate illegal content, funding does. Relays making tons of money should certainly provide them with the funding to prune illegal content like nostr.build does. Many new AI tools are growing for this very purpose. These will only proliferate over the next decade. Although, I agree that not all relays should be forced to host files — only the relays capable of sustaining it. Everything is modular and voluntary, but we cannot rely on the centralized web forever!
One problem is, books can be illegal in some places as well. If some text is illegal, the same logic can say that relay should not host text as well.
Therefore, whether relay should media is not a social/legal problem, it's a technology problem. Whether relay should exist a social/legal problem.
Not really the same I think. Books being illegal in a few countries doesn’t phase the network. Child porn being illegal (I assume) in all countries could have an impact on the network. It’s probably not a major concern though as you wouldn’t have relays broadcasting the same media everywhere but it could impact the largest and most popular relays. Just thinking out loud …
Good point. Illegal text is certainly much less than illegal multi-media.
Data as the preimage. Damn that's a really cool idea.
The data is encrypted and the decryption key is the preimage. But that’s very difficult to explain so I usually give people the simplified version above first^ Robin could go more in-depth. It started initially as him suggesting using the data as the preimage, then we realized preimages couldn’t be reused and evolved it over the last few months.
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.
For more privacy, please take a look at @eNuts ⚡️🌰 A Cashu wallet for Android and iOS 🥜🐿 #Cashu is #Ecash for #Bitcoin
ok then whos satoshi
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.
Do you think that bitcoin can become an official currency of a country at some point or always as a good alternative?
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.
Thinking of how aggressively the US has attacked potential new, competitive currencies in the past - the Gold Dinar comes to mind - I'm kind of shocked that the US and its allies haven't pushed back harder against cryptos in general. What's the situation like inside Russia? How easy is it to use Bitcoin in Russia for day-to-day things?
Besides El Salvador, you mean 😃
Fucking legend 🤝
Ikr?
This is for you 🤙 - luke ☀️ https://i.nostr.build/jqoq.jpg
"If something is valuable enough, enormous efforts will be made towards addressing its limitations."
For many people outside the US, the "wow" moment is a "is that it?" moment. I can put money into my wife's bank account from my (different) bank account here in Australia for free and instantly. I can put money into my business partner's bank account in the UK from here in Australia instantly, too. Money transmission without any issue at all - and certainly without PayPal. I have an API to my bank account to do it all programmatically, too. The speed of payment really isn't a selling point for most of the planet. We probably need a better way of promoting it.
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
I was a big user of Litecoin until Breez wallet made lightning network easy to use. Switched to my own node after a while.
IMHO, #BTC needs to find a way to stabilize and/or decouple from fiat currencies in order to successfully become a truly successful currency. It's so hard for regular BTC hodlers, let alone normies, to justify spending Bitcoin knowing that they could wake up tomorrow with another $10,000 pizza situation. Sadly, that volatility is a real albatross on the usage aspect. Even the #Bitcoin people that I know openly say things like "Spend fiat, save BTC." Which doesn't really help adoption or growth, unfortunately.
I, too, had that wow moment. The ⚡ network is incredible. Today, I needed a pack of smokes. I played ZBD games, transferred it effortlessly to cashapp via ⚡, and used my cashapp card, sporting my ancient holyscapegoat internet handle and all, at the store. Cashapp not caring (to the user anyway) about lightning sats vs proper pieces of BTC sats is truly chef's kiss. This is free to all. Today. Hell, they pay you.
I agree but I think we should continue to support Bitcoin educational programs. There are currently several that are doing excellent work to improve Bitcoin adoption and that takes time.
Working on a massive Bitcoin guide to share for free with friends and family and anyone. It’s a master doc with everything I’ve read, watch, heard, and books. I agree. We should continue to educate as many people as possible. Actually, Simple Bitcoin is a great duolingo-type app that many people find easy and they get sats for passing quizzes. It’s amazing. https://simplebitcoin.page.link/CVDw91hiYYiqvZYH7
True. Many, especially newbies and I think all Bitcoin speculators, can't do anything with Lightning. And yes, when you explain and show people how easily and efficiently Lightning works, there is a lot of amazement. Lightning will, and it's only a matter of time, be the payment method of the future. 🤝
Yes
Part of the issue is terminology. Settle being a banking term that doesn’t really translate to bitcoin. Main chain kinda “settles” instantly when apps allow 0 conf, its not the same. Bitcoin finalises when it reaches the blockchain which is something banks never truely achieve. Bank words and banking mindset holds us back.
Most people only care about the fiat exchange rate. Focus on the price and you'll miss all the glorious beauty of bitcoin. That's why I write about using it instead of the price. We can already do such amazing things with the lightning network and so many people in the world are blind to it. nostr:nevent1qqs0cx54nhfnalwxdglnee0x72s6taut45kupnrkljk29gl985fwd8spp4mhxue69uhkummn9ekx7mqzyzzdaehxwmjmkea5448qgt8hpj7cdqg4tk6nt9p0e34q2vu93feyqqcyqqqqqqgvz06qm
Where can I read some of your work?
The Internet's native currency #Bitcoin needs the Internet's native social #Nostr to provide application scenarios, which is the meaning of Zap, so that more ordinary people will contact BTC. Lightning makes it easy, fast, and friendly for ordinary people to find Bitcoin to use, but you can also store it in a cold wallet and always keep it to yourself.
@Snowden Ian Banks imagined a world of universal credits, ultimately the best way to rid ourselves of the vagaries of transactions in fiat currencies. Practically all currencies perform at the same level otherwise. There's little difference in how enslaved we are to one or another.
I'm pretty sure the public doesn't know Bitcoin was originally designed to be digital cash. Most people think it's a collectible pet rock.
It’s virtual beanie babies! Tulip Mania! It boils the oceans! Change the code! https://image.nostr.build/f19df41ea26da405733830e22eba7b536d1e1d979be0de0f135a451a44eacc30.jpg
“It’s a speculative asset!” *Proceeds to buy trash stocks on Robin Hood on the basis of ticket symbol*
I have to admit that I fell victim to the same thing. I was honestly shocked to see the support for bitcoin based on what I **thought** it was. I have absolutely loved the lightning network and it’s made me him from 0% bitcoin transactions to maybe 1% of all my transactions being bitcoin. Huge leap forward.
Keep preaching until they listen. 🫂⚡️🤙
Do you think #lightning through #nostr specifically with #zaps?
Nobody around me likes #bitcoin (family, friends, coworkers) they think bitcoin is too volatile and nobody has money to risk, they prefer to buy dollars as a store of value, put their pesos in a fixed-term deposit (>208% APY), or buy long-term goods, as a way to lose less. We are too early here.
Digital currency is not without risks. The Pentagon buying server racks to exercise state power over the monetary system was written about naively in Bitcoin Magazine.
The Pentagon is not going to outhash the psychopaths.
We won’t be able to escape being taxed and regulated by the state for any on-chain transactions, but there will be a little anonymity on lightning… it’s being built now.
nostr:note1lsdft8wn8m7uv63l8nj7du4p5hmchtfdcrx8dl9v523720gju60q89cafu We, who use Lightning, live in a bubble -- we should not forget this. Gradually then suddenly
Fast and decentralized is good but what are your views on transaction tracking, lack of on ramp anonimity, and the fact that companies like chainalysis or AI can open the door to centralized entities to blacklist addressed for unfair reasons?
Slow but steady Then all of a sudden ⚡ https://i.nostrimg.com/fcd65c816fd6cafd62cbdaf57c3f4dc345023f510e3523d47e7a5abbea54f7fc/file.jpg
There is an astonishing lack of lightning mentioned when it comes to stories on bitcoin I have noticed - and it does make it work better functionally for users using less energy.
what a "public cache reset" looks like in REALITY - divorced from the ideological/tech-savior hubris rampant in the psyche of the modern : https://image.nostr.build/014a57e3053cba4a08c5acd37c91f86437bec82f1843ca1f6253fe919b039f62.jpg
Nostr fixes this.
The public mind needs to read LynAlden‘s «Broken Money» 👏
the fact is because the govt forbid bitcoin as money (legal tender) to buy something, and will force people to use only fiat. other than fiat, will be hard punished, or merchand will be forced to close their shop. this is what happen at indonesia. but the paradox is they welcome and give red carpet for shitcoiner like worldcoin founder.. nostr:note1lsdft8wn8m7uv63l8nj7du4p5hmchtfdcrx8dl9v523720gju60q89cafu
Do 'normal people' really believe that it might take an hour to settle? I don't think they even understand that much. The fact is people want easy and fast Lightning is easy and fast. Its as simple as that and the more we show it off the better.
true. i was surprised when a friend who is well versed in Ethereum and its layer 2s did not know that Lightning is a bitcoin L2.
How do you imagine this "cache refresh" ?
We can't wait to be obselete. 😂 In the meantime, merchant adoption is growing steadily. https://image.nostr.build/d8e0bfafc0b1d128b07f19f15ac979e4f4a9051aabd3b8a348ee336e61dfe683.jpg https://btcmap.org/dashboard
Could be possible if there’s an economic crisis
The problem with lightning is that it only works for amounts less then 200$. And it's custodial (for the average joe). People are dumb and lazy. It needs to be 1 easy fix, not having to deal with L1 and L2 stuff.
You deserve a pardon but I’m not sure this country deserves you. The merchants of war run this country
Come on dude, a lot of people in the wold don't even invest in gold, don't realise what inflation is or how much of a scam fractional banking is. They don't care unless their current world crashes with a lot of pain.
A quick aside (and assuming you’re the real Edward Snowden and you are): I appreciate you, and I want you to know that. And everything you’ve done. I’m sorry that your life took the turn it did. But across the cracks and the corners, and over the years, it seems what you did matters more and more. Certainly for people like me, who value freedom. You aren’t forgotten, by far. Anyway, just a quick post by a guy in America who won’t ever forget what you did as a young person with integrity.
The game theory will play out Mr. Snowden
The problem with Bitcoin is that people dont primarily use it to transfer value (i.e., to purchase goods and services) but to rather to store value. This (in my view) is Bitcoin's biggest problem.
what you are referring to as a ' human mind cache refresh ' might really be better framed as simply, ' communication ' and ' marketing '. it would, probably, be better not to jettison the ' humanistic mode ', and just be more inviting - via dev / comms - than trying to apply digital metaphors to, let's remember, what is * ultimately * ( ' sound money ' ) a very old and consequently, very ' human ' problem... #imho...
It's still not private and fungible by default. In it's current state #Bitcoin hopefully don't gets adopted as it would create a lot of foreseeable problems. Until Bitcoin has noncustodial, private by default transactions that don't fail for amounts >$100 I will stick with #Monero. 0-conf and 2 minute block times can go along way, althoughl I prefer instant transactions as in LN when it works.
Bitcoin functions exactly as it needs to. That's why it's the King by a huge margin. The only real problem facing Bitcoin is corruption of the code base from within. Everyone needs to go back to a #Bitcoin #core version prior to #Taproot. Until we can determine if TapRoot is still actually worth all the trouble. Then the code has to be cleaned up and lockdown. Then we will be good. The #Virtuous #fullnodes and Bitcoin loyalists are demanding this, and they are the ones with the power to implement it. That's how #Satoshi designed #Bitcoin..🧡👑🗽
I've just set up my node. What gives me the greatest satisfaction in life is experimenting with tech and sovereignty. It's an amazing time to be alive. https://image.nostr.build/591b6ee6135857abe39df491bf0ea81788e0bddd35d3c8a93aeaa96bc4223bf8.jpg
More common than that reaction, is the go-to excuse of "I don't understand how Bitcoin works and I'm not using something I don't understand." Reply "Do you understand the fundamentals of how the numbers in your purse, wallet and bank account, that you perceive as money, came into existence and where their value is derived from?".. (Blank look). .. "No? Well, find out how that works and then come back and ask me how Bitcoin works".
It is so great to have you here and being able to reply. Lightning is great, but sadly most poeple won't run their own node. It's too complex and technical. So for now it's having onchain btc plus a custodial spending account. Not ideal but way better than visa :)
even if it took an hour it would still be better than banking!
Same for national regulators. No mention of Layer 2 in their publications, no mention of non custodial mixers. They think Bitcoin is slow, traceable and inefficient (pre 2015 era bitcoin). When regulators realise how fast the target they are trying to hit is actually moving - they are going to panic.
That's all well and true but it sounds like you think people want a change. I don't think that's the case. Practically nobody makes the connection between "the system is rigged" and "our monetary technology is to blame for it". So regulators have all the time in the world.
The best cache refresh is a complete crash of the operating system. It cannot and will not happen without a complete delegitmization of the old financial system. Ideas die only after they haven been defeated by a superior idea and caused enough suffering in the process for people to move on. Example: nazism (crushingly defeated as an idea that caused loads of suffering) and communism (took much longer to defeat, suffering not present in the minds of Western people). Fiat replaced gold because those in charge disproportionately benefit from it. Thus, it will not simply be driven out by a superior tech stack because those in charge have disproportionately much control over its removal. Bitcoin has to prove itself superior as a tech stack AND idea to be widely accepted as currency, and not just SoV. Currently, Bitcoin cannot even fully convince its proponents of its tech stack, see security model discussion.
It also has a lot to do with affinity marketing scams. Bitcoin is tainted by association with all the premined bLoCkChAiN gimmicks and shitcoin casinos, which are nothing more than digital bucket shops, straight outta early 20th century Have you checked out https://btcmap.org/ yet?
Would love to know more about this PayPal problem, never used PayPal lmao.
Yet, to receive or send btc on nostr one has to register on some thrid-party sites like alby or walletofsatoshi and trust them to handle your btc, which completely defeats the whole motivation behind "crypto" money. And nostr people commit to this ugly scheme while there are more easily accessible, cheaper, ergonomic and robust technologies to that could fill this role. This is fascinating
To send/zap is straight forward. You can use non-custodial btc lightning wallets like breez, Phoenix, ... it'll open your wallet. If you're on a web browser instead of an app it just shows the lightning invoice. To receive zaps I've yet to find a simple non-custodial solution. You need an ln address. For it to work effectively it should be for a node on clearnet using ssl. Being behind Tor is flaky and not all clients support it. For example breez wallet on iOS doesn't have tor support So far custodial ln address like those provided by WOS, bitrefill, and others is the easiest solution I've found. I may have missed something in my research of this but I don't think so.
They need more like a CTRL+ALT+DEL
It's a chicken/egg problem. Merchants should be all over this, due to irreversibility and low fees, but no one takes Bitcoin seriously. It's just a volatile asset in most people's minds. And as a consumer I like that I can reverse a transaction if the merchant doesn't deliver what was promised, and the 1-3% cash back doesn't hurt either. We're fighting an entrenched legacy system, and until enough people are denied access, it's an uphill battle. That's why the developing world will embrace this before the developed world.
Not to shill to heavily, but this is why we created the Lightning Goats feeder. Numerous friends and family have been blown away by how easy it is to send bitcoin to goats and feed them. It's thrilling for many. We'd love to see more people use it. Have grandma or that skeptical friend pull up a mutiny wallet, send them some sats, and then have them 'zap' the goats. It's hands on and real world and all done without credit card processors. You don't even have to mention bitcoin until they've fed the goats.
The work continues until all the payments are Bitcoin payments. Our Point of Sale in Riga during https://baltichoneybadger.com ensured VISA and other credit card companies had no cut. https://video.nostr.build/dde7a4b165d861c7d63e378a923caa0ca74ea7c882ec6b3e08430275a6827a2a.mp4
https://image.nostr.build/b69acd320ec33a6ee618bc787e968520a392e5916df6d79d31ce49a2f547b2a0.gif 🤙🏻
Thanks for our new profile pic @PurpleHorse ⚡️🫂
Are the cards just providing ln withdrawal urls? With the issues related to that? Or is it using another interface?
Aren't the transaction fees of bitcoin a major issue? Won't something like monero and litecoimn be more useful in real world? I have used them many times for purchases.
Lightning.
I don't know much about lightning, but I still assume that you have to get the bitcoin somehow in the first place. Right now, if I buy 1mil of bitcoin with my fiat, about 200K will go into transaction fees. So the only way is to buy so much that the transaction fee becomes a small percentage. Am I wrong?
If you want a self-custodial Lightning wallet, using something like Phoenix will require at least a minimum amount to create the wallet. If you don't mind KYC, and live in a country where it's compatible (U.S. and El Salvador), Strike is a good one.
Wow, what a cool device. What is that card?
@Snowden or people don't like participating in a Ponzi scheme. No amount of "refreshing minds" is going to change that.
I'll bite, who's Mr ponzi in this scheme?
Because you're a genius.
This ‘us vs. them’ mentality is also a barrier. It’s not helping to fix the problem.
There are two problems here Lightning as it currently structure is not feasible for worldwide adoption, you can see how it's already struggling to keep up the pace lots of channels forced to close and stuff. Second is the mindset not of the normie they literally have no clue but what worries me is the mindset of the maximalists, they don't think that Bitcoin was made to be what the WP says it should they don't think BTC was made to be spent. nostr:nevent1qqs0cx54nhfnalwxdglnee0x72s6taut45kupnrkljk29gl985fwd8spr4mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmp0qgsgfhhxuemwtwm8kjk5uppv7uxtmp5pz4wm2dv59lxx5pfnsk98ysqrqsqqqqqp4qe4nl
I love to see a hero like @Snowden that sacrifice his life to spread the truth, uderstanding that the futur is bright. They can't hide anymore. They can't control anymore. They can't censor anymore. You're one of those that make it possible. Thank you so much! nostr:nevent1qqs0cx54nhfnalwxdglnee0x72s6taut45kupnrkljk29gl985fwd8spr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyzzdaehxwmjmkea5448qgt8hpj7cdqg4tk6nt9p0e34q2vu93feyqqcyqqqqqqgkegtn0
savings are a much more pressing issue than payments
In my opinion the public needs us to give them sats. I mean, to your closest friends. Just, download the app on their phones when youre hanging out and zap em some love so they can see its effortless. I also think there is another problem tho. That Is The lack of desire to assume responsibility. I really dont know how to approach to that.
The public mind needs a cache refresh regarding #Bitcoin, diays @Snowden. Thanks @Jack for sharing which is why I didn't miss it. We ourselves are the algorithm here on #Nostr. If you see something, share something. 🫂 nostr:nevent1qqs0cx54nhfnalwxdglnee0x72s6taut45kupnrkljk29gl985fwd8sprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqgsgfhhxuemwtwm8kjk5uppv7uxtmp5pz4wm2dv59lxx5pfnsk98ysqrqsqqqqqp0uvfxm
The fact that Bitcoin isn't universally accepted yet is actually a bullish sign 👇 It means there's still a ton of room for growth and adoption. Lightning Network's quick and low-cost transactions are a game changer, and once more people experience that "wow" moment you mentioned, we could see a major shift in public perception. The general misunderstanding about BTC's transaction speed is more of an opportunity to educate and onboard new users than a permanent drawback. So in essence, the public mind needing a "cache refresh" is a sign of untapped potential rather than a limitation.
“Normal” people are not thinking about BTC. In fact when “normal” people hear the word bitcoin they relate it to doo doo coins. “Normal” people are not thinking about BTC. Many “Normal” people are still trying to figure out how to get “normal” money, and figure out how to pay all their bills that keep getting more and more difficult to pay. We as Bitcoiners sometimes forget that not everyone is thinking like us. I speak with educated people all the time about bitcoin and they’re so far removed from the reality of what it is. They don’t even want to learn about what it is. There must be a need for a person to learn about bitcoin. Someone influential to them must introduce it for them to find it interesting, or there needs to be some sort of significant milestone life event that happens to an individual that places them in a position whereby bitcoin becomes the option an individual must utilize for basic survival.
It is not your job to convince anyone. They will seek you out when it is time and not a second sooner
It seems it still a bit early though: https://void.cat/d/AcsG5D36dDjvhZPMP3GJ11.webp
What they need is to get their hands on an Azteco voucher and redeem it through lightning. Bit by bit ⚡️
Are u rly u?!
Yeah, he confirmed his npub on twitter.
There’s also Liquid BTC, similarly useful 👉 https://youtu.be/Jy_K15S2tVA?si=V3oQHQZvVQB6O7xU
It's sad that you can't go to @BTCPrague , they did rly good job with lightning adoption on eventand propagation of it to normies…
I agree, but that's going to take some kind of event showcasing lightning that is so big that the MSM can't afford to ignore it. Hard to imagine what that would be, exactly... Maybe something like the Canadian trucker protests where the protestors win using lightning somehow.
nostr:nevent1qqsddvk67ahsfe7was6t5lhshurrk3nuvd50tmn37ttnuw36vy7d8fcppamhxue69uhkummnw3ezumt0d5pzqnnv3mga3szzkwgxke9zf3qmg08kd8x2h3gpwsygya9w0qrrlqspqvzqqqqqqyxzwylq
The main problems for me is the huge value instability of cryptos, and all the frauds, grifters and cultie libertard creeps yammering on about it. One word: FTX. One name: Sam Banking-Fraud. Crypto seems like an excellent way to --- aaand, it's gone. Ether seems valuable. I'd like to get into it at some point. BTC, no.
I think most people need an educator they trust. I plan to orange pill my butcher soon. Already bought an LN-PoS for them that I intend to place there as a loaner to get them started. However, I anticipate their main concerns already: How about accounting and taxes? Is it worth the effort to learn how to operate a completely different transaction mode, for a second currency? Is it safe, reliable etc. Won't be too easy...
ETFs are not going to help either, those shills want your sats locked up and not stimulating a bitcoin circular economy. They will fail in the long run, but would argue they have that as a strategy….idk could be overthinking things too
the onboarding bottleneck is still an issue. LN don't solve UTXOs scarcity. hopefully some covenant proposals can improve that as well
Places like Boracay, you can buy a burger or pay for haircut with lightning. In cities not enough people offer lightning payments, because they perceive Bitcoin as other crypto as a scam. As a start, tip friends and shops with a little Bitcoin, let them just hold it, and get used to looking at in wallet, past the short term volatility. This is how you refresh the cache in the mind.
From my prospective the primary reason for this, is because people in general are ignorant how a fiat system works and have no interest in educating themselves. For people who understand how the fiat system works, I'd guess they already have a small bag of BTC. My small bag is providing me with an ROI of 400%. It is a store of value for me. As for Lightning and ecash it is predominately all beta software currently, so it needs time to mature.
Bitcoin isn’t yet accepted everywhere because of one simple reason - not so many people really need it today. Some people are better chasing investments gains elsewhere and we can see they are right in recent years, and they may die/retire before next halving Some people don’t care about bitcoin because they feel very well in fiat system - those with a lot of real estate, stocks etc can just sit and relax and enjoy for themselves and future generations. All those stories about “big reset” or similar… are just some yetti story for them they heard a lot And there also a lot of people who can’t care about bitcoin because they have MUCH more important goals - say, to survive. To survive from rusian genocide, rockets, missiles, bombs and all other types of modern warfare equipments (excluding nuclear) supported by people who are out of politics, or who ARE actually politics like Snowden So it sounds a bit odd when you support genocide of tens of millions of people forcing them to fight for their lives instead of working for bitcoin adoption and at the same moment you are surprised to see low bitcoin adoption 😂 rusian bombs are targeting power plants on winters and nor bitcoin nor lightning work out of thin air, you know
They’ll get a crash course in the next few years when everything goes to shit.
Curious to know Edward, what’s your go to process for showing people how lightning works fast and effective. I ask because I’d love to do exactly that on social gathering or basically every time someone asks about bitcoin. Do you just get them to download a custodial wallet like wallet of satoshi and get them their first sats?
This nostr:nevent1qqs0cx54nhfnalwxdglnee0x72s6taut45kupnrkljk29gl985fwd8spr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qgsgfhhxuemwtwm8kjk5uppv7uxtmp5pz4wm2dv59lxx5pfnsk98ysqrqsqqqqqpthys6c
No one will accept your Bitcoins for goods and services, never has, never will.
I'm assuming this is sarcasm. We accept btc on chain and lightning 🌩 for guns and ammo at https://arnzenarms.com (USA only) 10% off when buying with bitcoin
I don't get why you expect from normies to accept bitcoin. Usual people will use bitcoin when everyone does. Most people just reactive.
I'm an over thinker I worry too much that's true. Because I don't have anyone to talk to that's positive. There are 2 sides of the story at work. 1 - You're reliable= you'll get promoted 2, -, your back slows you down= you're dispensable you can lose your job at the hospital. They over work you here In Ocala FL and treat people like slaves. And if you dont make it you're homeless. From the directors perspective I'm reliable.
i don't believe it goes even that deep. its more shallow, they read it's used by criminals and that's about it. most of the people are caught up in everyday bs, that keeps them busy. they don't care about bitcoins or freedom tech, all they want is peace of mind i.e give up freedom rather than gain new ones. its kinda sad.
Das ist doch völlig simpel. Du kannst von heute auf Morgen eine Menge Geld verlieren. Der Dollar und der Euro haben einen fast immer gleichen Wert. Der Bitcoin NICHT. Letzte Woche wollte ich ein paar Bitcoin kaufen. Also google angeworfen und geschaut wo ich Bitcoin kaufen kann. Ausschließlich deutsche Banken. Registrierung nur mit Ausweis. Ich würde ja gerne aber ich habe absolut keinen Plan woher ich einen Bitcoin herbekomme. Wie lange kenne ich Bitcoin? 10 Jahre oder länger. Kennt jemand eine Seite wo ich völlig unproblematisch Euro in Bitcoins tauschen kann? HILFEEEEEEEEEEEEE
Ja, zb auf Bitpanda wo man sich mit KYC registrieren muss. Sonst auf der schweizerischen Peach app wo zur Registrierung eine einfache email Adresse genügt (ich habe mich für diesen Zweck eine neue Proton email angeschafft) wobei man über P2P Bitcoin kaufen/verkaufen kann. #BTC @peachbitcoin
The normal people I talk to don’t think about transaction time. To them, Bitcoin is either: 1. An unpredictable investment 2. A scam 3. Evil ocean-burning capitalist decadence
They won't get the reset using media/social media Way too much censorship still going on And no one is even aware that important facts are being silenced and others warped out of recognition. As long as it 'looks' slick it 'must be true' #Deception
People love slavery when it’s applied to others. Most do not want freedom. The truth, Bitcoin is not for everyone. It’s for livers of freedom and the greedy second. Therefore, by the time the masses realize the true value of Bitcoin it will be to late. This defaulting back to what’s familiar, enslavement and living from paycheck to paycheck as programmed.
This is the best critique of lightning I've heard yet
Concur. Lightening nodes are not something every Alice and Bob can deploy. Potentially a centralizing bottleneck in a decentralized system.
Everyone can run a phoenix wallet
Probably won't go the Visa way. With Visa you have no choice but restrictions and censorship 🚫, while with Lightning Bank you can choose to transfer money to an account that respects privacy and rights. The fundamental difference is that you have Bitcoin instead of fiat currency. Lightning Bank is the easiest way for ordinary people to access Bitcoin.
Everyone can run a phoenix wallet
Truth is some people don’t want sovereignty. Glad we have the option and tools to be sovereign tho even if only a minority will care about using them
Not some but most. If bitcoin replaced fiat as a base layer and LN/other L2s worked as custodial scaling solutions, that would already be a massive improvement. But that's light years away.
Your relay isn’t. We spent 6 months building one that is… and a payment protocol for them to profit with, bit by bit.
Bitstream was made by Robin Linus, creator of ZeroSync and Pioneer of Zero Knowledge Proofs on #Bitcoin. https://www.hornetstorage.com/bitstream
I don’t really see the benefit of relays handling media because by the end of the day a relay is just a server which will abide by local jurisdiction. Yes, it helps spread media out across the network and eliminates a handful points of failure but it also could introduce mass infrastructure crackdowns if everything is broadcasting and hosting illegal content to each other.
If that’s true, relays hosting notes alone wouldn’t be affected. Your legalese speculations are a bore. Are we not here to decentralize the web and change the world? 🌎🌍🌏
I’m just looking at it from different angles and throwing sticks at spokes to see if the wheels keep spinning.
I’m all for that. 😎💜 One place we can investigate is IPFS. They’ve avoided the plaque of illegal content, and they actually force you to host the content of strangers! Tools like Microsoft DNA are up-coming for relays who want to scan for illegal images and videos. I hope we can get some AI devs into Nostr for this very purpose. @OpenSats
Interesting 🧐
Even if you pin your files, IPFS doesn’t always store your files forever. I’m sure there is some illegal content on IPFS still, but it’s been very active for years — despite many of its flaws. People who host content take up the responsibility of avoiding illegal content, just like nostr.build or any centralized content provider does. Having a way to turn decentralized file hosting into a sustainable business with Lightning makes doing that job more realistic. “As of August 2021, IPFS claims to have 2 million unique weekly users, some 200,000 network nodes, and about 125TB worth of gateway traffic per week.” https://decrypt.co/resources/how-to-use-ipfs-the-backbone-of-web3/
Just use IPFS, then it's a separate network and good luck to them blocking it.
IPFS forces you to spin up a server to use it — it’s P2P, not user-server. That’s why you can’t use IPFS on mobile without trusted gateways that compromise security.
Well, kubo, the original Golang version, can easily be set up to run on a mobile device inside an app, as can anything you can compile to the target, arm64 platform. So also can even a python based one like Electrum, or of course a Go SPV like Neutrino. I can and have even deployed a pure Go based app that rendered to an EGL display, and it works on iOS also. Everyone seems to think that Go is somehow in alignment with Google. No, actually, they just maintain this guilt by association because Go is what they build most of their infrastructure with. The GUI frameworks are a bit clunky, and so is the mobile stuff, but it all can be used, and does work. P2P doesn't require a stable IP address nor does it require inbound routing, if the protocol has a rendezvous in it, and IPFS's back end, libp2p, has a rendezvous for exactly this. It's more likely that nobody who has the inclination and the resources has actually looked into doing it. It's entirely possible. I have even run a full node of a bitcoin fork inside LXC containers on Android, 5 years ago, so there is actually none of the limitations you believe exist.
I’m just saying it’s resource-intensive to run a node on your phone. Of course you “can”, but it’s not practical — hence why it doesn’t exist despite IPFS’s popularity for years. Our Scionic Merkle DAGs and storage system are coded in Go too…
IPFS isn't heavy. Neither is neutrino, and afaik it already runs the back end of at least a couple of wallet apps. Something about bananas? LND and Neutrino together. If mobile devices weren't encumbered by proprietary firmwares and gated by app stores I'm sure that p2p apps on them would proliferate. Mesh networking standards are everywhere too, they just are hardly in use because someone doesn't want you to get off the grid where they are surveilling you and selling your dossier to the highest bidder.
Being a user is lightweight compared to running a server on your phone. Big difference… HORNET Storage was designed so users can remain users, with relays storing the Merkle DAGs using a Go library and users forming them with a Typescript library. IPFS is full of centralizing forces: a reputation system (BitSwap etc) and no way to pay for storage securely like Bitstream⚡️provides.
Well, good luck with it. The problems you speak of have been solved, but the system that implements it isn't finished yet. I should spend more time working on it than reading and posting with nostr.
Atomic off-chain payments for files and coins over Lightning has not been solved before this. The closest thing to it before Bitstream was ZKCP by Gregory Maxwell and ZKCSP, but it lacked the instant finality of Lightning.
Sats4Files v1 (evolved since): https://gist.github.com/RobinLinus/bb1368ce812935c02948a193aedc386c ZKCSP: https://youtu.be/lrPruSr7GRI?si=bbH_5J1KOcu317kg
The problem is how you are thinking about the problem. Proof of storage is impossible, only proof of delivery is possible. Delivery can be monetised, and so can submission, via the same mechanism. In addition, because it is designed to be programmable, and the relays are dumb and just process commands so long as there is balance on the relay sessions, it can be used for anonymisation of traffic, both client and bidirectional, to charge for access to content (paywalling), and is designed so that any way you can think of prepaid sessions for forwarding traffic around can be easily implemented without any change to the relay software, just by creating a new client. It is inspired by the genius of nostr:nprofile1qqsrhuxx8l9ex335q7he0f09aej04zpazpl0ne2cgukyawd24mayt8gpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyv8wumn8ghj7un9d3shjtnwdaehgunpw35jucm0d5q3vamnwvaz7tmjv4kxz7fwdehhxarj9e3xzmnyv0c7x9 's nostr protocol, to be as simple and open ended as possible. Your project is a good solution for authenticating complex data types, probably better than IPFS in some ways - IPNS is so poorly supported and clunky to work with, but that's all it does, and that means that if it turns out later it restricts usage in some critical way your protocol will not survive. Also, I didn't notice who started this thread, and now I get why your posts sound like marketing. I'm gonna butt right out of this for now, because I don't believe in him being what he claims to be any more than Alex Jones not having strings attached.
Bitstream provides both monetized delivery and storage, but mainly focuses on delivery. The Lightning payment can only be claimed if the server delivers the correct file: https://www.hornetstorage.com/bitstream Paid Storage works by randomly requesting a random leaf/chunk of the file you want stored once a day/week/month — if the relay can’t deliver the leaf(s), then they don’t have your data and you quit streaming your sats.⚡️🍃
Bitstream was made by Robin Linus, creator of ZeroSync and Pioneer of Zero Knowledge Proofs on #Bitcoin. https://www.hornetstorage.com/bitstream
If that’s true, relays hosting notes alone wouldn’t be affected. Your legalese speculations are a bore. Are we not here to decentralize the web and change the world? 🌎🌍🌏
I’m just looking at it from different angles and throwing sticks at spokes to see if the wheels keep spinning.
I’m all for that. 😎💜 One place we can investigate is IPFS. They’ve avoided the plaque of illegal content, and they actually force you to host the content of strangers! Tools like Microsoft DNA are up-coming for relays who want to scan for illegal images and videos. I hope we can get some AI devs into Nostr for this very purpose. @OpenSats
Interesting 🧐
Even if you pin your files, IPFS doesn’t always store your files forever. I’m sure there is some illegal content on IPFS still, but it’s been very active for years — despite many of its flaws. People who host content take up the responsibility of avoiding illegal content, just like nostr.build or any centralized content provider does. Having a way to turn decentralized file hosting into a sustainable business with Lightning makes doing that job more realistic. “As of August 2021, IPFS claims to have 2 million unique weekly users, some 200,000 network nodes, and about 125TB worth of gateway traffic per week.” https://decrypt.co/resources/how-to-use-ipfs-the-backbone-of-web3/
still self custody
but a centralized service, ACINQ, controls the opening and closing of "your" channels, you will likely route through their node for most payments (for a fee).
It's good enough for now At least take can't steal your funds
"probably won't steal" is more accurate. you *will* have a channel open with the ACINQ node. is your Phoenix node always online? are you using a watchtower? your own or from a service? i am not saying ACINQ is going to steal channel balances. they are incentivized to support their customers. using Phoenix is entering into a banking business partnership with ACINQ. they are making decisions about how to handle your payments, and you are paying them to do so.
Can't steal as they don't hold the private keys
Just use IPFS, then it's a separate network and good luck to them blocking it.
IPFS forces you to spin up a server to use it — it’s P2P, not user-server. That’s why you can’t use IPFS on mobile without trusted gateways that compromise security.
Well, kubo, the original Golang version, can easily be set up to run on a mobile device inside an app, as can anything you can compile to the target, arm64 platform. So also can even a python based one like Electrum, or of course a Go SPV like Neutrino. I can and have even deployed a pure Go based app that rendered to an EGL display, and it works on iOS also. Everyone seems to think that Go is somehow in alignment with Google. No, actually, they just maintain this guilt by association because Go is what they build most of their infrastructure with. The GUI frameworks are a bit clunky, and so is the mobile stuff, but it all can be used, and does work. P2P doesn't require a stable IP address nor does it require inbound routing, if the protocol has a rendezvous in it, and IPFS's back end, libp2p, has a rendezvous for exactly this. It's more likely that nobody who has the inclination and the resources has actually looked into doing it. It's entirely possible. I have even run a full node of a bitcoin fork inside LXC containers on Android, 5 years ago, so there is actually none of the limitations you believe exist.
I’m just saying it’s resource-intensive to run a node on your phone. Of course you “can”, but it’s not practical — hence why it doesn’t exist despite IPFS’s popularity for years. Our Scionic Merkle DAGs and storage system are coded in Go too…
IPFS isn't heavy. Neither is neutrino, and afaik it already runs the back end of at least a couple of wallet apps. Something about bananas? LND and Neutrino together. If mobile devices weren't encumbered by proprietary firmwares and gated by app stores I'm sure that p2p apps on them would proliferate. Mesh networking standards are everywhere too, they just are hardly in use because someone doesn't want you to get off the grid where they are surveilling you and selling your dossier to the highest bidder.
Being a user is lightweight compared to running a server on your phone. Big difference… HORNET Storage was designed so users can remain users, with relays storing the Merkle DAGs using a Go library and users forming them with a Typescript library. IPFS is full of centralizing forces: a reputation system (BitSwap etc) and no way to pay for storage securely like Bitstream⚡️provides.
Well, good luck with it. The problems you speak of have been solved, but the system that implements it isn't finished yet. I should spend more time working on it than reading and posting with nostr.
Atomic off-chain payments for files and coins over Lightning has not been solved before this. The closest thing to it before Bitstream was ZKCP by Gregory Maxwell and ZKCSP, but it lacked the instant finality of Lightning.
Sats4Files v1 (evolved since): https://gist.github.com/RobinLinus/bb1368ce812935c02948a193aedc386c ZKCSP: https://youtu.be/lrPruSr7GRI?si=bbH_5J1KOcu317kg
The problem is how you are thinking about the problem. Proof of storage is impossible, only proof of delivery is possible. Delivery can be monetised, and so can submission, via the same mechanism. In addition, because it is designed to be programmable, and the relays are dumb and just process commands so long as there is balance on the relay sessions, it can be used for anonymisation of traffic, both client and bidirectional, to charge for access to content (paywalling), and is designed so that any way you can think of prepaid sessions for forwarding traffic around can be easily implemented without any change to the relay software, just by creating a new client. It is inspired by the genius of nostr:nprofile1qqsrhuxx8l9ex335q7he0f09aej04zpazpl0ne2cgukyawd24mayt8gpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyv8wumn8ghj7un9d3shjtnwdaehgunpw35jucm0d5q3vamnwvaz7tmjv4kxz7fwdehhxarj9e3xzmnyv0c7x9 's nostr protocol, to be as simple and open ended as possible. Your project is a good solution for authenticating complex data types, probably better than IPFS in some ways - IPNS is so poorly supported and clunky to work with, but that's all it does, and that means that if it turns out later it restricts usage in some critical way your protocol will not survive. Also, I didn't notice who started this thread, and now I get why your posts sound like marketing. I'm gonna butt right out of this for now, because I don't believe in him being what he claims to be any more than Alex Jones not having strings attached.
Bitstream provides both monetized delivery and storage, but mainly focuses on delivery. The Lightning payment can only be claimed if the server delivers the correct file: https://www.hornetstorage.com/bitstream Paid Storage works by randomly requesting a random leaf/chunk of the file you want stored once a day/week/month — if the relay can’t deliver the leaf(s), then they don’t have your data and you quit streaming your sats.⚡️🍃
Even if you pin your files, IPFS doesn’t always store your files forever. I’m sure there is some illegal content on IPFS still, but it’s been very active for years — despite many of its flaws. People who host content take up the responsibility of avoiding illegal content, just like nostr.build or any centralized content provider does. Having a way to turn decentralized file hosting into a sustainable business with Lightning makes doing that job more realistic. “As of August 2021, IPFS claims to have 2 million unique weekly users, some 200,000 network nodes, and about 125TB worth of gateway traffic per week.” https://decrypt.co/resources/how-to-use-ipfs-the-backbone-of-web3/
Sats4Files v1 (evolved since): https://gist.github.com/RobinLinus/bb1368ce812935c02948a193aedc386c ZKCSP: https://youtu.be/lrPruSr7GRI?si=bbH_5J1KOcu317kg
It's good enough for now At least take can't steal your funds
"probably won't steal" is more accurate. you *will* have a channel open with the ACINQ node. is your Phoenix node always online? are you using a watchtower? your own or from a service? i am not saying ACINQ is going to steal channel balances. they are incentivized to support their customers. using Phoenix is entering into a banking business partnership with ACINQ. they are making decisions about how to handle your payments, and you are paying them to do so.
Can't steal as they don't hold the private keys
