It’s nice to be back in the office after a few weeks with lots of traveling. I’ve already caught up on Stack Exchange adding three answers as well as revising and retagging a number of other posts this week. I co-authored a section on Incentives in our Mempool series for the Optech Newsletter.
After the preceding “Mini Miner” (#27021) got merged last week, I’ll be working on rebasing my “ancestor aware funding” (#26152) PR. There are multiple open PRs that touch the same code areas which are causing merge conflicts that I want to review. Today, I need to also glance at a research proposal and attend a talk. Tomorrow, I will co-host the Bitcoin Optech Audio Recap. I also need to give our Chaincode Podcast episode with Alekos and Daniela from BDK a listen. I hope to get back to my draft for a BIP on transaction terminology early next week.
I think they want to be able to do cheap forex through Bitcoin.
That is, if you want to transfer/convert currency A to currency B they would buy Bitcoin with currency A, then transfer Bitcoin to a wallet in country B, then buy currency B with that Bitcoin.
Basically using the Bitcoin network as a cheap money transfer mechanism.
Reading some Orwell essays. Written 80ish years ago, 100% as applicable now as then. Such a clear writer and thinker. Man, would be so interested to hear that guy's perspective on the modern moment. I expect it would be complex and nuanced and probably unpopular for those reasons.
My pre bitcoin self loved debt. I never used it to buy stuff, but I believed in the OPM(other people's money) theory in business. I would never use my own equity if I could borrow money for an investment, mainly real estate. It worked out for me. I managed my leverage. It would be fair to criticize me as a rent seeker who took advantage of the Cantillon Effect. I didn't realize that's what I was doing at the time.
I found Lemmy that way too. Also, a lot of talking about how to run the community instead of just running the community. I get that they were trying to figure everything out, but it was just a lot of nonsense right after the Reddit implosion. Haven't checked in on Lemmy since though.
Now that I successfully fed both my children, I’m back to offer a more considered response.
I think while all metrics are NGU, we shouldn’t neglect user satisfaction. More than one Stacker has openly expressed dismay at MSM. I think even though the leaderboard has expanded to 100 people, the problem still remains. Those small fry (for lack of a better word) would not gain anything extra for their posting efforts. As a newbie, what really kept me going was the anticipation of the Daily Rewards. Maybe I would get a few hundred sats today! I think to take that away in favour of MSM seems to contradict the objective of attracting new Stackers n making them stay.
I was a beneficiary of March’s MSM, and given my drive, would probably do well in this edition of MSM. But I cannot in all good conscience ignore the feelings of Stackers whom I now consider to be everyday shitposting buddies just because of sats.
Seems like ~crypto is entering the bull market, too. But I think it's mainly thanks to @kr's post about Making Ethereum Cypherpunk Again which generated a lot of zaps - not only on the post itself but also in the comment section. I will use these sats to Make More Things Cypherpunk Again.
Also yesterday, the code has decided that it's time to reward content and not zapping, unlike yesterday. Got almost exactly 1k more sats for posting than for zapping. I feel proud.
Preimages are revealed to node routers when an invoice is paid. If they see the same payment being routed again with the same prrimage, they can swipe the funds.
Ah, makes sense. Forgot that the preimages must be kept secret until the channels are closed - not until the payment is done.
However, tbh, I am still slightly confused. If they already have seen the invoice, they already know the preimage, so how does seeing the same invoice again lead to a loss of funds exactly? But I think I knew the answer to this in the past while reading Mastering The Lightning Network. So I think the answer is somewhere in this book. It's a great book to just look some stuff up quickly. I just didn't yet. (It's even free to read in digital form.)
Regarding the experiment, I again had to stay up late to zap to zero.
To cut it short, here are my last zaps again. I really don't mind to tell people what content I zap on SN. Maybe I should mind? But at least what you can see here is only stuff that shouldn't be too controversial, right? Right?
As a recent graduate from a public university with a bachelor's degree in Economics, I could not relate to this story more. My first three months going down the bitcoin rabbit hole taught me more about economics than all of my university classes combined. Luckily I was in a position where I was ready to rethink all of the nonsensical models and abstract Keynesian ideas I was taught in my classes.
Lots of my classmates share that sentiment with your students - bachelors degrees in Economics are largely useless in today's world. The main silver lining I found is that it educates students on the models and viewpoints they will have to stand up against during this shift to a hard money system.
I would guess they're pretexting for various methods for putting shitcoins on Bitcoin. As much as I wish this were about something useful (in which case they should have just posted about the useful thing), it normally is not.
Hey Tony! Love the probing work you are doing. Are there any visualizations or graphs that are created on top of the raw data? (asking for a friend 😈) Could be a cool graph on https://fred.stlouisfed.org/
I still haven't read that paper, it's on my to-do list. That same passage was the one that jumped out at me, though.
Leaving aside everything related to artificial credit expansion, somehow, radically reducing transactions costs in the global financial system is not supposed to have any productivity effect.
Setup on your home personal node or a friend node a server for hosted channels using @fiatjafPoncho and Cliche. Or use any other HCP (hosted channel provider) available.
Anytime you want to hide your sats from that HC, you just have to remove it from your channel list. Go to Lightning, swipe to the right the channel you want to hide and select remove.
Anytime you want it back, just scan again that HC node address and select "use HC". Done, the channel is back again and your sats in it. Funds are safu.
Nobody could see / know about that channel if is not there. This could be a simple opsec option at hand.
lol, I'd refer to it more as shaming @Murch and it's very welcome, when warranted 😄
We had a good laugh at the rant, and not only that, when I commented "I'll create a github issue for it" Darth called us out b/c he had already submit a github issue (much respect for that)
AND it was a request that was also driving me and @andrejstacks crazy.
Stacker News Comments
You got "Muuned." I would try using a lightning wallet.
It’s nice to be back in the office after a few weeks with lots of traveling. I’ve already caught up on Stack Exchange adding three answers as well as revising and retagging a number of other posts this week. I co-authored a section on Incentives in our Mempool series for the Optech Newsletter.
After the preceding “Mini Miner” (#27021) got merged last week, I’ll be working on rebasing my “ancestor aware funding” (#26152) PR. There are multiple open PRs that touch the same code areas which are causing merge conflicts that I want to review. Today, I need to also glance at a research proposal and attend a talk. Tomorrow, I will co-host the Bitcoin Optech Audio Recap. I also need to give our Chaincode Podcast episode with Alekos and Daniela from BDK a listen. I hope to get back to my draft for a BIP on transaction terminology early next week.
https://m.stacker.news/35162
Top 21 domains shared on SN
includes links shared as posts and in text
Total links: 118,404
Top 21 image hosts used on SN
Total image links: 7,431
I think they want to be able to do cheap forex through Bitcoin.
That is, if you want to transfer/convert currency A to currency B they would buy Bitcoin with currency A, then transfer Bitcoin to a wallet in country B, then buy currency B with that Bitcoin.
Basically using the Bitcoin network as a cheap money transfer mechanism.
When SNL (Stacker News Live) shorts with the 3 bearded guys @supertestnet @car and @k00b?
https://imgprxy.stacker.news/oI3ZQh3fO0i1B_SXRB6vxdww_GGPJBo7lfsqqRDj_Z0/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvbkxmUUdRdmIvU05MLWJlYXJkZWQuanBn
Reading some Orwell essays. Written 80ish years ago, 100% as applicable now as then. Such a clear writer and thinker. Man, would be so interested to hear that guy's perspective on the modern moment. I expect it would be complex and nuanced and probably unpopular for those reasons.
If you haven't read Politics and the English Language, in particular, it is transformative.
My pre bitcoin self loved debt. I never used it to buy stuff, but I believed in the OPM(other people's money) theory in business. I would never use my own equity if I could borrow money for an investment, mainly real estate. It worked out for me. I managed my leverage. It would be fair to criticize me as a rent seeker who took advantage of the Cantillon Effect. I didn't realize that's what I was doing at the time.
I found Lemmy that way too. Also, a lot of talking about how to run the community instead of just running the community. I get that they were trying to figure everything out, but it was just a lot of nonsense right after the Reddit implosion. Haven't checked in on Lemmy since though.
Rust for programming
Now that I successfully fed both my children, I’m back to offer a more considered response.
I think while all metrics are NGU, we shouldn’t neglect user satisfaction. More than one Stacker has openly expressed dismay at MSM. I think even though the leaderboard has expanded to 100 people, the problem still remains. Those small fry (for lack of a better word) would not gain anything extra for their posting efforts. As a newbie, what really kept me going was the anticipation of the Daily Rewards. Maybe I would get a few hundred sats today! I think to take that away in favour of MSM seems to contradict the objective of attracting new Stackers n making them stay.
I was a beneficiary of March’s MSM, and given my drive, would probably do well in this edition of MSM. But I cannot in all good conscience ignore the feelings of Stackers whom I now consider to be everyday shitposting buddies just because of sats.
My two sats’ worth
Zap to zero day 3
Total satsback so far:
7911 sats (4419 sats yesterday)does not include people zapping me over the day
https://m.stacker.news/9990
Seems like ~crypto is entering the bull market, too. But I think it's mainly thanks to @kr's post about Making Ethereum Cypherpunk Again which generated a lot of zaps - not only on the post itself but also in the comment section. I will use these sats to Make More Things Cypherpunk Again.
Also yesterday, the code has decided that it's time to reward content and not zapping, unlike yesterday. Got almost exactly 1k more sats for posting than for zapping. I feel proud.
Total zapped so far:
29.1k (16.1k yesterday)https://m.stacker.news/9992
There might be another bug in our statistics. And I am not talking about unseating
@Undisciplined from his third place - famous last words btw:
-- @Undisciplined, here
but that it showed that @Undisciplined made two posts yesterday but he didn't make any post, lol. Probably a time zone issue. Hopefully.
XP points gained so far:
+14 (+10 from yesterday)Unrelated to this experiment, but yesterday, @TonyGiorgio created a ticket and I was confused how paying the same invoice twice might lead to a loss of funds. Fortunately, he had patience with someone like me and quickly reminded me that preimages must be kept secret until the channels are closed iiuc:
However, tbh, I am still slightly confused. If they already have seen the invoice, they already know the preimage, so how does seeing the same invoice again lead to a loss of funds exactly? But I think I knew the answer to this in the past while reading Mastering The Lightning Network. So I think the answer is somewhere in this book. It's a great book to just look some stuff up quickly. I just didn't yet. (It's even free to read in digital form.)
Regarding the experiment, I again had to stay up late to zap to zero.
To cut it short, here are my last zaps again. I really don't mind to tell people what content I zap on SN. Maybe I should mind? But at least what you can see here is only stuff that shouldn't be too controversial, right? Right?
https://m.stacker.news/9996
As you can see, the last zap was again probably a "I am really tired"-zap.
Btw, keep in mind that these are my personal zaps. Read this as a disclaimer like this one from @niftynei's blog:
-- https://basicbitch.software/static/about.html
click here for previous day
As a recent graduate from a public university with a bachelor's degree in Economics, I could not relate to this story more. My first three months going down the bitcoin rabbit hole taught me more about economics than all of my university classes combined. Luckily I was in a position where I was ready to rethink all of the nonsensical models and abstract Keynesian ideas I was taught in my classes.
Lots of my classmates share that sentiment with your students - bachelors degrees in Economics are largely useless in today's world. The main silver lining I found is that it educates students on the models and viewpoints they will have to stand up against during this shift to a hard money system.
I would guess they're pretexting for various methods for putting shitcoins on Bitcoin. As much as I wish this were about something useful (in which case they should have just posted about the useful thing), it normally is not.
https://www.fortinet.com/resources/cyberglossary/pretexting
"Pretexting is a tactic attackers use and involves creating scenarios that increase the success rate of a future social engineering attack."
Here in this comparison guide I presented all the types of LN wallets and their features.
Yes, you can run a LN node on your mobile and are not just Breez and Phoenix, but also others.:
And here is a special guide explaining how to start with LN, by each level.
https://darthcoin.substack.com/p/getting-started-ln
Hey Tony! Love the probing work you are doing. Are there any visualizations or graphs that are created on top of the raw data? (asking for a friend 😈) Could be a cool graph on https://fred.stlouisfed.org/
I still haven't read that paper, it's on my to-do list. That same passage was the one that jumped out at me, though.
Leaving aside everything related to artificial credit expansion, somehow, radically reducing transactions costs in the global financial system is not supposed to have any productivity effect.
Tip of the day
Simple opsec with SBW and hosted channels (HC)
Anytime you want to hide your sats from that HC, you just have to remove it from your channel list. Go to Lightning, swipe to the right the channel you want to hide and select remove.
Anytime you want it back, just scan again that HC node address and select "use HC". Done, the channel is back again and your sats in it. Funds are safu.
Nobody could see / know about that channel if is not there.
This could be a simple opsec option at hand.
lol, I'd refer to it more as shaming @Murch and it's very welcome, when warranted 😄
We had a good laugh at the rant, and not only that, when I commented "I'll create a github issue for it" Darth called us out b/c he had already submit a github issue (much respect for that)
AND it was a request that was also driving me and @andrejstacks crazy.
https://m.stacker.news/7321