The euro seems to be fighting its last stand on its way to irrelevance


The altcoin seasons are also getting shorter and shorter.


I already like this 88k gang.


We are over 9000_0 🚀


hard to ignore, as long one has a fiat day job 😉


Who is selling BTC now 😅 ?


The 80s will be over sooner than many people would like. Ready for the 90s?


Never trust a weekend pump!


I think it depends on the amount and purpuse. e.g. for holding 10k sats "only", ecash has the lowest costs and risk of all.


At 86.580 it is five to twelve in Moscow


GM
https://m.primal.net/Lyar.png


All intermediate results of the last weeks committed. Zero motivation right now. Will continue after Christmas.


I don't think the smart money will wait for prices to fall because they understand markets. They will buy steadily.


But does waiting actually lead to a lower price over time? What is wrong with this assumption?

That isn't my assumption. My point is that we won't see the Fomo to EOY that others are clamoring for.


Never. The smart money wants to accumulate first without scaring off the retailer. I think, we will end the year somewhere in the 70k - 100k range.


If you see states and governments as a concept, then that fits ;)


What for a day, and there are still people buying one Dollar for 1.300 Sats.


A storyteller, especially on German television ... Olaf Scholz


GM

My coffee seems to have a god candle flavour today.


You post a meme.
I say '0.03495'

We are not the same!


Inbound fee adoption in the Lightning Network continues to progress:

In the last 7 days, 98.6% of the volume and 99.4% of the number of forwards that went through my node used inbound fees.


Nodelou🐈 is back!

nostr:note1v8fhrr42jz8s2k0qlaawhv25d2e40y2zca7prlvv585w94gv3xjq7mt5dn


Prediction: Bitcoin as an institutional asset will prevent yields on long-term government bonds from falling sharply in the coming years, in contrast to yields on short-term government bonds.


lol ... I thought that was already the funeral service.


Will miss the gang. Which gang will my Fiat buy from me now?


And that is the reason why it currently makes no sense to buy MSTR. Spot BTC is much safer. It is quite possible that MSTR will stop rising in fiat at some point, while BTC catches up.
For me, there is currently too much fantasy in the MSTR price about future levarage transactions.


The valuation in BTC simply makes no sense for me. They would have to raise a lot more debt capital and BTC would have to rise massively to reach the valuation level in BTC.


Yeah nice model .. Some years ago my fiat job was a Ikigai, but due to Bitcoin it became "what you can be paid for".


BREAKING: 70k


I'm trying to learn coding with Python and develop a Lightning Fee tool


So interesting. Higher than the 2021 ATH. But somehow no euphoria.


Still don't understand the dynamic beyond the MSTR premium.

Will be interesting how it plays out.


Wow 42.000 sats.

Destroying generational wealth over 1.1 miles.


It's so nice that we can finally use energy for useful things thanks to AI.

https://www.youtube.com/watch?v=kMl_hUalKus


We are going to the moon .. the other moon 😁


We are now definitely in the “they will fight you” phase!


Here you can plot BTC per PH/s ..

https://data.hashrateindex.com/network-data/bitcoin-hashprice-index

Hashes per Sat would be more interessting because this will go up forever, Laura ;)


I think the price increase will bring back a few marginal cost miners. I'm curious to see how much is still dormant. We'll see once the price explodes.


Hashrate is going to the moon 🚀 .

A new difficulty ATH in 2 days is very likely.


Is freedom of speech actually okay for people who are close to the money printers and the monopoly on violence?


Wtf is going on with MSTR again today


Mainstream media can get the “it's a bubble” reports out again


It's over 58k gang. Maybe we'll see you again at your funeral.


only trade what you can afford to lose


price discovery in two weeks (tm)


The ETHBTC ribs are also no longer what they used to be.


AI works 😁

https://m.primal.net/LWvy.png


I think last week a hedge fund had to close its MSTR-BTC spread trade, which led to a short squeeze in MSTR and a long squeeze in BTC.
If the MSTR premium now tightens again as spot demand increases, that would be incredibly bullish.


This has already been proven by contradiction, because he wants to print more dollars as the next president.


Q.E.D.

https://i.nostr.build/4xRDjNk8WOD85Bie.jpg

nostr:nevent1qqsyvutwznhsyhf4j5yfxjhvt8f7ly82hvjfs69q46sahzf98eckg2qpz3mhxw309ucnydewxqhrqt338g6rsd3e9upzpxdm2kgujytxqruy2yrax8umt83003lqng0lsqhgfuw58kj40jnyqvzqqqqqqymj060e


I think we are in for a few orange weeks.

https://m.primal.net/LUwP.png


ok. just realized I shouldn't drink and post.

GN 😅


Ok, there is no second best. But what if there is a third or fourth best?


Just stuck in the rabbit hole of linear time invariant systems and how to use it for fee management of a routing node. Anyone else here? 😅


But why not? It's more important for them to have a secure job than protected savings. /s


When seeing the activity in the Lightning Network these days:

https://m.primal.net/LSKN.png


Is the winter coming?


That would makes sense. Spread trades with Short MSTR and Long BTC which are squeezed now. Would also explain the sell preasure at the BTC Price at the moment.


wtf .. don't understand this..


Seeing Lightning from day to day more as a Liquidity Trading Protocol.


The momentum in the Lightning Plebnet from 2021/22 is over.


Graph centrality is an overrated metric for pure routing nodes if they want to optimize their capital efficiency.

With more peers it becomes  increasingly difficult to make them all flow. If you want to optimize APY then it's often better to have smaller, more specialized nodes that have all channels working together "in the same flow".


Until he figures out how to exchange them for fiat? 😉


the great depression ;)

haha .. lol


58k gang, we are coming for you!


ETH to zero .. seems to work


Yeah we are at 0.0395 again 😁


You said it first!


I see an interesting game theory emerging if we ever have negative fees in the Lightning Network. What could happen: On larger channels, it already makes sense to charge higher outbound fees than on smaller ones, as larger HTLCs command a certain premium. However, inbound discounts will likely be smaller on larger channels, or the (negative) inbound fee rates higher, meaning a node with a large channel will tend to achieve a larger margin. For smaller payments, there's automatically an incentive to use smaller channels, particularly on the inbound side. This also means that liquidity in smaller channels can be more effectively managed through fee rates in the case of negative fees. Larger channels, on the other hand, will need to be actively rebalanced.


or the moment you discovered Bitcoin


Hello,

my name is Feelancer and my mission is a better automatic fee control for routing nodes.

This year I built a PID controller that adjusts the outbound and inbound fee rates according to the channel depletion. It uses the current status and moving averages. However, the tool is still pretty nerdy and difficult to configure for the normie user.

The next milestone is the automation of the parameterization based on profit and loss figures of the channels. The basic idea is to understand forwards and rebalancing as a liquidity trade, i.e. liquidity is bought at certain funding costs and then sold with margin plus funding costs. Ideally, the funding costs should be identical between buying and selling, but as with share trading, a price effect is realized.
The aim is to optimize the margin together with the adjustment speed of the PID controller in such a way that a routing node has a stable return with limited risk. The approach with negative forward fees would be particularly interesting.

However, there is still a long way to go until then, as this is only a hobby project so far.

https://github.com/feelancer21/feelancer


GE 😁


Not sure. People tend to lose focus and ramble when they talk.


Definitely. I wonder if it is not enough for the beginning that nostr serves as a coordination platform for self hosted forgejo services behind tor. I use forgejo myself and it works great.


Wow!

CoinGate is force closing its dead channels. Every noderunner should do this! Because if your peer is dead and you need to use the SCB, there's no chance of getting your sats back with it.

https://m.primal.net/LDdP.png


BTC price rises by about $14,000 in just three weeks and it doesn't feel unhealthy.


We are back!


Hello Jeff,

Here are my 2 sats. I believe Bitcoiners should move away from the idea that, under a BTC standard, prices need to be denominated in sats. Instead, we should consider denominating prices in hashes.

Reasoning: A product's price in sats can fall for two reasons:

1. The product can be produced more efficiently, meaning less energy is needed to create one unit.
2.Humanity has access to more usable energy in general.

When it comes to product pricing, the effect of point 2 should ideally be eliminated, and price signals should come only from the first point. However, if humanity has access to more energy, the ratio of SHA256 hashes per BTC will continuously increase, and through the timechain, it is also the only market price that can be validated by every node, on the relationship between block rewards and difficulty.

Since hashes are ultimately equivalent to energy, product prices denominated in hashes would likely converge toward an optimum, rather than falling indefinitely.


Not really. We added channel and the relay. Channel not found.

Or is it possible to use 0xchat with a desktop pc? Is there a web client or native linux/windows client?


Quite funny. In 2008, I learned the return of money is more important than the return on money.


You seems to have to much inbound ;)


Some price hopeium please?

Bitcoin has not yet seen its ATH in gold. That is at appr. 37.4 ounces per BTC from November 2021. This currently corresponds to  98,000 USD.

When has BTC always broken its previous gold ATHs?
- February 2013
- January 2017
- January 2021

I think the 100k by Jan/Feb 2025 should be safe. 😄


It's almost zero


What is the problem with a bigger reorg? If you wait for enough confirmation you are probabilistic safe in bitcoin.


Everyone interested in contributing to LND during the Summer of Bitcoin 2024 check out the Distributed Mission Control project: https://summerofbitcoin.org/project-ideas-details/lnd/r/rec5HSSeXL3ysixsc

Looking forward to work with the brightest upcoming devs in the space 🚀🚀


GM

☕ smells like a god candle


BREAKING: ETHBTC


Some interesting stats.

Right now I have channels with 366 peers in the Lightning Network. Out of this number :

• 116 have a Twitter(X) account
• 105 have a Telegram account
• 78 have a Nostr account

...and...

• 193 (52%) doesn't have any contact information at all - at least I couldn't find it.

Please be sure to provide some contact information on the Amboss (https://amboss.space/) and/or LN+ (https://lightningnetwork.plus/) websites! It's not about chatting or something, it's about the ability to contact you in case of problems with the node or other emergency situations, which can save quite a few of your channels.

If you are concerned about privacy issues, use Nostr (https://nostr.com/clients) - that's really great decentralized and anonymous network.

Let me remind you that Sunny Sarah ☀ node is present on the following social networks :

• Twitter (𝕏) : @ SunnySarahNode
• Telegram (DM) : @ SunnySarahNode
• Telegram (announces channel) : @ SunnySarahNodeAnn
• Nostr (pubkey) : npub1mggh5pryurepctujtlakafkj3n8x972e8dnshyv22fdycku3f8dsfd5d3r

Follow me and we'll be in touch : )
And encourage other noderunners to provide contact information, that's really important!


Bitcoin literally needs you.

We need more people writing code, experimenting with it, just having fun. You don't need to start a company. You don't need a brilliant idea. If you don't know how to start, read the code and submit bug fixes for the software you're already using.


What's your source?


But what happens if the users make the social work and marketing for the dev? 🤔


Thank you for letting me be part of the party 💛 ⚡


We should start pricing our satoshis in joules or hashes per sat because fiat currencies are only temporary.

What counts in the end is the energy you get for a satoshi. If the game theory around Bitcoin works, this amount will rise forever.