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123.9k sats \ 3 replies \ @MiguelJackson25O 9 Aug freebie \ on: "Fear of a Black Flag" -- Alan Moore's 2010 essay on anarchy econ
Funny to think, plebs morphing into the bankers in the age of the sovereign individual.

"Be your own bank" is a pretty old saying in bitcoin

It mostly refers to keeping your money in your own custody, but you can do the borrow-and-loan part of a bank too, if you want to

I think it's cool that anyone who lends money in loan shark gets guaranteed income if anyone takes their offer, with these caveats:

  • you can lose money if your hardware/software stack is compromised (which is pretty likely, given that loan shark currently uses a web wallet -- it's self-custodial but it's still storing your private keys as cookies that other people can sometimes read, e.g. browser extensions can read your cookies)
  • you can lose money if miners censor your transactions
  • you can lose money if you lose your transaction or wallet data and don't have a backup (there's a nice backup button to help with that though)
  • you can lose money if you neglect to broadcast certain transactions when their timelocks expire (though if you just visit the website and upload your backup data, it will try to do this for you automatically)
120.5k sats \ 2 replies \ @MatthewBrayXXQ 9 Aug freebie

Just released the signet version of Mutiny Wallet and a demo video showing it working well with the Fedi wallet: https://twitter.com/MutinyWallet/status/1661381554478669825

Would love feedback from anyone willing to try it out: https://signet-app.mutinywallet.com/

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220.5k sats \ 1 reply \ @AlanVillanueva2U4 9 Aug freebie

@JimFoxG23 opening channels (deploying new liquidity to the network) is not directly spending bitcoin on lightning network

that graph shows deployment of new capacity (bitcoin) into the lightning network, it doesnt show how much people are spending in lightning network

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117k sats \ 0 replies \ @GilbertDuffyXYN 9 Aug freebie

For tax purposes for "exit price", using end-of-day / closing price should be sufficient. Since this is an ad-hoc, real-time report, you might be generating the report before the end of the day, so maybe using the open price at the beginning of the trading day works better.

As long as it is consistently used is key.

Where an approach doesn't pass muster is where a trader, for example, uses the open price for one trade, and then actual trade price for the next trade, and then maybe closing price for a third trade -- each chosen because it was advantagious for minimizing reported gains. That is what they don't want to see.

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