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1. Embed this notice
   waltercool (waltercool@pl.slash.cl)'s status on Monday, 29-Jul-2024 23:03:57 JST waltercool
   Sad Disney noises
   • Embed this notice
     iced depresso (icedquinn@blob.cat)'s status on Monday, 29-Jul-2024 23:03:54 JST iced depresso

     in reply to

     • mk
     @mk @waltercool isn't lightning basically a hilarious adaptation of ye olden ledgers
     
     like back in the day we kept ledgers and just came by once or twice a year to balance all the books out when the trade ship was in port?
   • Embed this notice
     mk (mk@noauthority.social)'s status on Monday, 29-Jul-2024 23:03:55 JST mk

     in reply to

     @waltercool

     "Bitcoin is too unpractical as a coin"

     the qrcode in my image actually works and will give you ~ 1cent in bitcoin every 60 seconds.

   • Embed this notice
     mk (mk@noauthority.social)'s status on Monday, 29-Jul-2024 23:03:56 JST mk

     in reply to

     @waltercool

     sell small amounts of bitcoin to people for 10% fee.

   • Embed this notice
     mk (mk@noauthority.social)'s status on Monday, 29-Jul-2024 23:03:56 JST mk

     in reply to

     @waltercool

     bum should get a lnbits account to create lnurl-withdraw links

     and trade bitcoin vs cash over the lightning network.

   • Embed this notice
     waltercool (waltercool@pl.slash.cl)'s status on Monday, 29-Jul-2024 23:03:56 JST waltercool

     in reply to

     • mk
     @mk I'm still on huge disagreement with the lightning network, it's more like a workaround instead of a real fix.
     
     Bitcoin is too unpractical as a coin, and most people use that as virtual gold.
   • Embed this notice
     waltercool (waltercool@pl.slash.cl)'s status on Tuesday, 30-Jul-2024 01:11:38 JST waltercool

     in reply to

     • iced depresso
     • Protoss
     • mk
     @latein @icedquinn @mk Monero would be better if they actually stop their coin generation.
     
     But agreed that Monero is far better than most cryptocurrencies. And the reason why it's the most unlikely crypto to get regulated by any government.
   • Embed this notice
     iced depresso (icedquinn@blob.cat)'s status on Tuesday, 30-Jul-2024 01:11:38 JST iced depresso

     in reply to

     • Protoss
     • mk
     @waltercool @latein @mk monero is already iced out by governments with all the money laundering PR.
   • Embed this notice
     mk (mk@noauthority.social)'s status on Tuesday, 30-Jul-2024 01:11:39 JST mk

     in reply to

     • iced depresso

     @waltercool @icedquinn

     "now I need to trust two different platforms from two different teams"

     the lightning network daemon (and many other non-custodial wallets) can make onchain AND offchain transactions.

     "Bitcoin Cash" is a shitcoin. please don't bring this garbage up in here.

   • Embed this notice
     Protoss (latein@cawfee.club)'s status on Tuesday, 30-Jul-2024 01:11:39 JST Protoss

     in reply to

     • iced depresso
     • mk
     @mk @waltercool @icedquinn bitcoin is a shitcoin, monero is the real thing
   • Embed this notice
     mk (mk@noauthority.social)'s status on Tuesday, 30-Jul-2024 01:11:40 JST mk

     in reply to

     • iced depresso

     @icedquinn @waltercool

     if you want to know more about the lightning network, i can recommend watching this video from andreas antonopoulos.

     https://www.youtube.com/watch?v=E1n3sKKPD_k&t=2135s

     and if you want to know even more, you can read Mastering the Lightning Network (LN) on github.
     https://github.com/lnbook/lnbook

   • Embed this notice
     waltercool (waltercool@pl.slash.cl)'s status on Tuesday, 30-Jul-2024 01:11:40 JST waltercool

     in reply to

     • iced depresso
     • mk
     @mk @icedquinn Lightning is a network over the network. Always online.
     
     Supporters of the Bitcoin Lightning protocol say you should have one wallet for quick transactions (lightning wallet) and a savings account (bitcoin wallet), but that seems like a bad idea because now I need to trust two different platforms from two different teams and assuming they will agree on everything.
     
     I still think the Bitcoin Cash protocol actually improved the fee problem from Bitcoin (still not a solution).
   • Embed this notice
     mk (mk@noauthority.social)'s status on Tuesday, 30-Jul-2024 01:11:41 JST mk

     in reply to

     • iced depresso

     @icedquinn @waltercool

     yeah kinda.

     but you can balance the book at anytime by broadcasting a closing transaction (closes the payment channel / multisig wallet) publicly to the bitcoin blockchain.