If there was ever a day to remember the Diderot Effect, it's today.
Happiness doesn't come from Black Friday deals, but misery might.
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If there was ever a day to remember the Diderot Effect, it's today.
Happiness doesn't come from Black Friday deals, but misery might.
GM, y'all. Made my first p2p bitcoin trade yesterday. Used Robosats. Even though I watched a tutorial on how to go about this, I still found it an ordeal. There was only two people online and available to sell. It's cool though. I got the process down, and know what to do in the future.
Read in full: https://abytesjourney.com/lightning-privacy/
Great piece! You hit on a bunch of cool ideas.
One thought I had that pulls a few of yours together, is that SN works for a bunch of interconnected reasons. One of them is what experimental economists call "warm glow": it feels nice to support someone who wrote something we liked.
The more interesting connection, to me, is that there might be a disparity between how we value sats going out vs sats coming in. Many of us are spend and replacers, so sats going out may be valued at roughly the current exchange rate. As Hodlers, however, we may be valuing the sats coming in at whatever purchasing power we imagine they'll attain.
As to the other micropayment ideas, I'm sure we'll see many different business models play around with different ways to implement and pitch micropayments. Some of them will improve the consumer experience and most won't. There will probably be micropayments in surprising places, as well as a lack of them in seemingly obvious ones.
LDK is great if you know a great deal about lightning and are building an application that needs custom lightning behavior.
LDK Node is a good drop in solution if you're building a mobile app where users have a non-custodial wallet that runs on the device. Good if you are fine with their defaults. IMO, it's early, but it should be a better solution than dropping LND into a mobile app, which has historically been a huge pain point and some are moving off of it.
LND is good if you're just a user of lightning and you want a node, or if you're building something that runs a server and you want to communicate with your own always online lightning node from that server.