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Day 203 of snailposting everyday 'til BTC hits $100k.
...and 3 push-up(s).
__@_'-'
Disclaimer: I haven't read this yet.
I often wondered how you calculated the payment for PRs. I didn't care enough to ask (obviously), but I did wonder. I guess here's my answer!
Didn't read the article, but I like the 5-lines URL, definitely a good example of "simplification" ;)
I'll bring up anyone who's smart and makes good points.
So this is a result of a payment either getting stuck or currently in flight.
{
"attempt_id": "7",
"status": "IN_FLIGHT",
"route": {
"total_time_lock": 775227,
"total_fees": "570",
"total_amt": "271796",
"hops": [
{
"chan_id": "852010460957179905",
"chan_capacity": "500000",
"amt_to_forward": "271795",
"fee": "1",
"expiry": 775187,
"amt_to_forward_msat": "271795032",
"fee_msat": "1271",
"pub_key": "03cc1d0932bb99b0697f5b5e5961b83ab7fd66f1efc4c9f5c7bad66c1bcbe78f02",
"tlv_payload": true,
"mpp_record": null,
"amp_record": null,
"custom_records": {
}
},The important number here is "expiry": 775187, which is the max block it'll be stuck for, which is about 200 blocks from now or around ~30 or so hours from now.
Best case scenario, it gets unstuck before then. It is typical that the payment is in flight for the duration of the loop out period, which takes 2 on chain transactions. Make sure you don't turn off your node for this portion. If all went well, eventually you'll have that in flight payment show as successful and you will have some on chain funds.
Worst case, the payment is acttually stuck and it'll result in a unilateral (force) close where you will be able to get the funds back, but on chain as a result of closing the channel. After the channel closes, it'll take a bit more time after that to actually spend the funds, since your channel partner will have a chance to reveal the preimage still.
Payments getting stuck is no fun, and unilateral closures aren't either, but that's part of the protocol when a spontanous failure occurs down the line. As long as you don't turn off your node, you should have your funds back, either on chain or back in the channel. It's just that at most it could take 7 - 10 days, but hopefully less than 2.
Edit:
You probably didn't do anything wrong here and it was a result of a payment failure down the line. Though you could ask @k00b if it shows that he has the same payment stuck but on the other side. If so, then yeah it wasn't your fault. But there's a chance there's a communication problem between you and k00b in which case it could be your fault (or tor's fault).
I am still building guys...
This is just a sneak preview. Soon will post a larger article about this work in progress.
https://imgprxy.stacker.news/_HkTa2Dp11yR7jNf9UtgfNtEwbm_5mH1IMiNIRlsMo0/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvQzFWZjBYZ2IvZGFydGgtYnVpbGRpbmcuanBn
P.S: - inside 12 sacks are 12 words 😂😂😂😂
For eternity.
Where does the yield come from?
I would describe myself as a non-custodial pragmatist.
I use custodial wallets mainly for micropayments, e.g. zaps on nostr and also as a backup solution when my nodes don't work for some reason. I am totally fine with the current stacker.news solution.
An ideal wallet should be able to switch between different backends (maybe automatically if needed?), like Zeus and getAlby, where you can connect to your own node, but also to custodial solutions.
I love this initial roadmap! If anyone is interested in experimenting with it please, let me know :)
My hunch is that roughly 1% of tipping users should be enough to generate signal. It will likely be a higher % if there are rewards beyond pure altruism.
I think you can generate user rewards via other income streams - e.g. a jobs board like Stacker News'. Or maybe a premium subscription with additional privacy or enterprise features? Or maybe tied to another revenue generating biz like @TheBTCManual described with Ahrefs and Yep.com?
And yes the trust model piece needs a lot of experimentation. Perhaps it's established with LSATs, DIDs, or could maybe even be tied into Nostr as someone mentioned to me this morning. Lots to explore there...
What teams are working on validity roll ups on Bitcoin? Any we should follow?
A Halo 2-based roll up would be really cool. I haven't seen any mention of this outside of your research.
I think its also important to figure out how to communicate the rules to the members, especially the new comers. Getting banned is one way to learn but there might be better ways.
Btw, I think we are currently treating (or we could/should be) SN as one Bitcoin maxi community. That's IMHO the best way to get things started, but there is potential for SN to grow into a platform with many communities.
Linked to the agency world, and being both a positive and negative, sometimes when paying for a service you’ll find you as the buyer need to chase to get things done. The culture is very different here, to the detriment of speediness. It’s almost like businesses are not motivated by money and believe you are lucky to being served at all, even when paying hefty fees. I guess that’s the “tranqui” way.
This was my experience when I lived in BsAs and it drove me mad, though I think it was partly the vibe and partly corruption and partly just the collapse of everything (this was in 2004, after the recent bout of currency collapse; there have been many since, as we all know.)
What's internet like, where you are? That was another infuriating thing, but then, it was twenty years ago. I assume it's better now.
[Edit] Also: have you ever written about your experiences on SN in a comprehensive way? That would be dynamite. I perused some of your posts, and didn't notice one such, though I didn't read closely. This was a helpful article on Uruguay that you posted, but it would be cool to hear your own story.
Yes, currently it's the same on both sides to make it easier on the "who says what" step for win or lose. Which would be 4 forms instead of 2 if we tried to make it different for both.
I read what you put and tbh it's fairly applicable to me too so I just went with it :P