yort

any tips for a data scientist wanting to learn #rust?
i’m already pretty competent in R, Python and SQL - but, mostly in the context of wrangling data (have never really dabbled in a low level programming language)
#rustlang #programming #learn

2024-09-09 16:08:32 CEST

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haha - the full balaclava or ski mask won’t work for the australian winter i don’t think 🔥
i’d love to work to earn some xmr or sats - but, unsure what i have to offer as a data scientist 🥴 need to learn something that’s more freelance friendly probably 😅

2024-09-09 16:06:30 CEST

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what could a data scientist sell? 🤨
would love to earn!

2024-09-08 16:17:04 CEST

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love all these options - thanks for putting in the time 🙏🏼 lots of different things on this list that i didn’t know about
i’ve always been a bit sketch on atms for the same reason as listed in original post around p2p trades - feel like they’re a bit of a honeypot setup where the cam on the atm is 110% taking a photo of your face and storing it somewhere
i like the idea of selling something or earning something tho - supporting that circular economy

2024-09-08 16:13:49 CEST

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yep, feels like this will probably be my go-to method tbh - might just buy btc kyc 🥴 but, then swap out to xmr straight away - seems like a pretty well balanced option tbh

2024-09-08 16:09:42 CEST

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ahahah yes - this has been my exact thoughts every time i open robosats or bisq (etc) and look at the AUD offers - smells fishy
gift cards seemed like the only real decent option tbh - but, as much as it pains me, i’m leaning towards kyc and then just switching out to xmr instantly

2024-09-07 17:21:28 CEST

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yeah, i remember when local monero was a thing there were a lot more cash in mail options - which seemed reasonable
but, every p2p option with liquidity in australia seems to be “payid” or some sort of bank transfer which i’m pretty sure potentially has your first / last name - and, definitely the details of your bank account 🤨
as you mentioned, gift cards seem lower in liquidity - mining seems to really be the only foolproof option 😢
otherwise, as dumb as it sounds, if you assume that it’s always a fed that’s on the other side of the p2p trade; then you’re probably putting a bigger target going p2p than just going through an exchange (again, as terrible as that sounds)
as you say, p2p at bitcoin meetups could be good - but, even that carries the extra risk of wrench attack

2024-09-07 16:40:50 CEST

bump #note1dzy…jddr

2024-09-07 16:39:34 CEST

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bump

2024-09-07 14:40:22 CEST

#austriches how do you purchase non-kyc btc or xmr using fiat without exposing your name and / or bank account?
in p2p trades you can never guarantee that your counterparty isn’t listing down your bank account details (and everything that they get sent) - and, i’d even make the argument that if that’s occurring, you’re probably getting labelled as “higher risk” by those doing the tracking - because you’re going through the effort to make a p2p non-kyc trade
what’s the best option(s) here?
#bitcoin #btc #bisq #monero #xmr #haveno-reto #no-kyc

2024-08-28 04:31:14 CEST

when buying non-KYC sats the most prevalent payment methods seem to be direct fiat bank transfers … these are almost always associated with your identity … so, what’s to stop the person on the other side of the transaction just noting down the bank details upon receiving the fiat? i’d imagine some bank transfers would even show your actual name in the transfer details too 🤨

2024-08-28 04:25:16 CEST

what’s the best FOSS note-taking software?
joplin seems like the best choice for me atm
the intention is to write-up tutorials that will include text, code and images (so normal markdown would probably work fine) - it would also be cool to be able to create like a coloured div that wraps around particularly important text (or summary text at the top, etc, to differentiate it from other normal, less important, text)

2024-05-13 05:25:26 CEST

anyone have any good resources for learning Rust?
particularly for someone that comes from a more “procedural” or “notebook” programming background
i.e. R / tidyverse, SQL and Python, working from “top to bottom”, usually with a focus on manipulating data
i have some ideas already, but keen to get some other thoughts in the mix

2024-05-09 09:51:43 CEST

what are the alternatives to whirlpool?
i’ve heard joinmarket seems to be the only real alternative - is this process trusted? how does it differ to whirlpool? what are the trade-offs that have been made?

2024-04-30 09:34:51 CEST

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huh?

2024-04-28 08:39:52 CEST

genuine question - why don’t / didn’t we have a decentralised whirlpool mixing service?
https://www.nobsbitcoin.com/whirlpool-dencetralization-stage-1/
i thought there were numerous coordinators that existed 🤨 but, sounds like i was misinformed

2023-12-05 09:13:48 CET

genuine question - what’s wrong with storing an encrypted seed phrase in the cloud?
assuming that the key used to encrypt the file is strong (like 20+ characters, mix of character types, and never stored anywhere else)
is it just the risk of creating a weak key for encryption? or is it the fact that a Cloud provider has a wider attack surface (so you are more likely to be a target, even if it’s very difficult to crack your key)? or is it the chance that some encryption method could be compromised some time in the future? 🤔

2023-11-27 13:10:58 CET

i still haven’t opened any lightning channels on my own node because i don’t really feel like i have a good enough handle on the whole process
all i would really use my node for is buying non-kyc sats over lightning (and then maybe the occasional spend here and there as i find things worth spending some sats on)
i know i’ll need mostly inbound liquidity (because as i buy non-kyc sats they’ll need to be sent to me)
and then i’m pretty sure that as i draw down on that inbound liquidity, it’ll become outbound liquidity, and once it gets to a large enough amount (enough to justify the on-chain transaction) i can use a “loop-out” to get those lightning sats back on-chain (and then also “replenish” my inbound liquidity at the same time)
but, this is a whole lot of effort, and it feels like there’s a huge amount that could go wrong in the process 🤔
i haven’t even mentioned all the other factors like force closures, keeping proper backups, watchtowers, privacy, etc, etc
any suggestions?

2023-11-20 00:49:46 CET

a lot of people will be googling the word “libertarian” today
good news if some decide to give it more than a glance, but if not, then i expect a lot of “mah roads!!!” type of reactions

2023-07-30 14:31:24 CEST

just found out about core lightning’s peerswap and liquidity ads, these seem like things that were exactly what i’ve been looking for
will need to research more

2023-07-28 14:16:44 CEST

if you run your own node, what’s the most private way to have a working permanent self sovereign zaps link?

2023-07-27 04:52:48 CEST

if i wanted to become more handy, what would be some good projects to start with?
i was going to try make a chopping board (just seems like some simple cuts of wood, glue, clamps, sand, finish) - but, i also wanted to know what would be the best glue / finish to use if you’re going to be prepping food on the chopping board?
any other ideas? any suggestions on the chopping board?

2023-07-22 12:49:37 CEST

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no stress at all mate, thanks for reading and dropping a comment 👍🏼
i’ve gone through the “gruelling” process of setting my own bitcoin raspberry pi node up from scratch, all on ubuntu server (i.e. completely over ssh) - had a lot of help from the “ministry of nodes” tutorial series (just search that up on youtube if you’re curious)
but, all this lightning network stuff is a lot newer, and has a fair bit more complexity to it than meets the eye (at least for me) - i’ve just been asking questions here, and nice people like @npub1dtc…m357 have been helping me out 👍🏼
i just wanna buy non-KYC sats weekly over robosats through my own node 😅

2023-07-22 04:00:42 CEST

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yeah okay, so it feels like a good plan might be to open a 1.5M channel with someone like lnbig (to get some instant inbound)
then, that gives me one channel at least, so i can do a LN+ offer for 1.5M but now i can set a one channel minimum on the offer and participate
then i should have two 1.5M inbounds and one 1.5M outbound
and then hopefully buying some no-KYC sats weekly utilises the channel enough to have it not get closed
and if i run out of inbound i’ll probably just loop-out on-chain so i can store the sats in cold storage anyway
how much do you know about channel closing? is it a risk to get it closed on me? and should i be taking backups, along with running a watchtower, or doing like a watchtower swap or something?

2023-07-19 10:12:41 CEST

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gotcha, i guess the goal of my node was never to be a profitable routing node, i just wanted to be using the lightning network, but doing so in a self sovereign manner (i.e. using my own node)
essentially just want to have one, or a few, well connected channels for mostly receiving non-KYC sats over the lightning network (so majority inbound liquidity), and maybe the occasional spend if there’s something cool i can buy using light i g
but, i’m asking all these questions because i want to understand the process for:
(a) initially getting mostly inbound liquidity from well connected, stable nodes that won’t close on me, and
(b) when the inbound liquidity is eventually exhausted (and i’m left with only outbound liquidity), what’s the best way for me to regain mostly inbound liquidity, and send the now already stacked sats to cold storage (on-chain)
sounds like my best scenario would be to make a LN+ offer (with no barrier to entry so i can participate), hope that others participating are decently connected nodes, then begin receiving sats using my inbound liquidity, and then if i exhaust my inbound then i should utilise a “loop out” service where i sent some sats to a lightning address (using outbound, but gaining inbound), and then the loop out service sends me those sats on-chain, which i then put into cold storage?
is my thinking approximately right?

2023-07-18 05:43:31 CEST

i think what people often instantly get wrong when thinking about libertarianism (0% tax, no gov, etc) is that at the first mention of these ideas they assume that the libertarian doesn’t appreciate the systems and services that are currently provided by government (and funded by taxes)
libertarians (as far as i can speak for all libertarians, which is not very far), i’d argue, still very much value all of these “common” goods and services
i think most would agree that water, electricity, defence, money, etc. are very important goods and services
it’s just that the libertarian believes that, it’s not just possible, that these systems can operate outside of government rein / state control, but that it’s the vastly superior option
(because the best system flourishes in a voluntary environment where life, liberty and property are respected)
imo libertarianism simply runs counter to any sort of coercive control, or any sort of involuntary system
(but, i’m no expert in these matters)

2023-07-18 04:37:07 CEST

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i’ve wanted to use LN+ to open my initial lightning channels, so that way i get an outbound and inbound channel connection for being part of a liquidity triangle - but, i have no connections and no liquidity through my node atm, and most of the offers have decently high barriers to entry
i could try make my own i think, but i might introduce issues by getting into a liquidity triangle with two nodes that have no connections as well 😅
the rebalancing tools are interesting, but (from my understanding) that only really works if you have multiple channels (and you have to have available liquidity across those other channels)
what are your options for getting inbound liquidity if you only have a single channel, and it’s 100% outbound, or you have multiple channels but they’re all 100% outbound?
are your only options to like pay lnbig to open an inbound channel to you? (and i’m sure that comes with time limits, use limits etc)
or, i’ve heard about “looping out” when you send lightning to some invoice using your outbound liquidity (and therefore moving it to the inbound side), and then that same amount (minus some fee) is then sent to you on-chain?
i think that’s what i’m looking for, but it’s hard to understand how it all works, how i need to set it all up on CLN, and what (if any) services might be required to make it all happen?

2023-07-17 02:39:47 CEST

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gotcha, so the only thing that could change your inbound and outbound liquidity is essentially your own spending / receiving (any routing only would make minor changes from fees, if any)
i heard that with CLN i should be able to open a dual-funded channel? so, open a 3M sat channel that is already 1.5M inbound and 1.5M outbound?
and then if i got to a point where i’ve exhausted all my inbound liquidity, what are the options for rebalancing? is this where all the loop out stuff comes in?

2023-07-16 15:19:38 CEST

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how does switching outbound to inbound liquidity work? is that an easy thing to do? and will the liquidity of my node change much even if i’m not using it (like other side moving liquidity through)?

2023-07-16 04:04:29 CEST

is it better to have a single 3M sat lightning channel, two 1.5M sat lightning channels, or three 1M sat lightning channels?
and, if i could only have one 3M sat lightning channel, what should i be looking for in a “node partner” if i don’t want the channel to be closed on me, and will mostly be receiving lightning payments weekly, occasionally spending?
#nodestr

2023-07-13 14:44:22 CEST

when you loop-in / loop-out in lightning to adjust your inbound and outbound liquidity - are you able to do this across a channel that you have with any other node?
or, do you need to have a channel established with a particular node to be able to rebalance that liquidity?
#nodestrich

2023-07-13 14:33:43 CEST

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old mate isn’t keeping channel.ninja repo / website maintained anymore 🧐
#nodestrich seems like a good idea

2023-07-13 14:26:12 CEST

should i just wait until CLN implements splicing before i start opening channels?
i still don’t understand who i should be opening my channels with (if i just want the channel to not be closed, and to use it for normal personal use)

2023-07-09 14:55:08 CEST

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could bluewallet be leaking xpubs (if you setup a watch only wallet)? or is that unlikely / impossible?

2023-07-09 14:54:22 CEST

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yes, you need inbound liquidity in order to be sent sats through your lightning channels
so when you establish a channel it’s usually 100% outbound capacity, so you can send those sats OUT from that channel
as you spend, and send those sats OUT, they then become inbound capacity (and can be sent back IN your direction)
but there are some services like Loop and Boltz where you can “switch” your outbound capacity to inbound
i think you essentially send your sats to some lightning address (giving you inbound capacity), and then they send you those sats (minus some fee) back to some on-chain address
unsure exactly how this allllll works (i’m still figuring it out), but it should be roughly correct

2023-07-09 14:17:49 CEST

how should i open my first channel(s) on lightning if i want to switch all my outbound to inbound, and then i’ll progressively bleed down my inbound capacity as i buy non-kyc sats? and then rinse and repeat
will also want just a nicely connected node so i can send / receive normally too 🤔

2023-06-28 11:45:39 CEST

is it possible / advisable to open your first lightning channel with like 85% (or 100% even) inbound capacity?
if so, how?
and once you move all of your inbound capacity to outbound capacity is there any way to withdraw outbound capacity onchain and then reset your inbound liquidity?
whole thing is quite confusing 🤣

2023-06-28 05:24:07 CEST

what are all the possible ways you could lose a portion / all of your Bitcoin that’s locked up in lightning channels? and what are the best practices for protecting against these risks?

2023-06-28 05:21:08 CEST

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asked AI and it said:
“one mix is technically enough to break all deterministic links with your coins' history. However, getting more mixes increases the anonymity set and supplies liquidity to the mixing pools, offering a faster mixing experience for other users. So, while one mix provides a certain level of privacy, multiple remixes enhance your overall privacy”
so that’s the way i’ve heard it before “breaks all deterministic links with your coins’ history” - the way i interpret that is something like “it gives you plausible deniability”
but then, as you mention, the subsequent remixes just would mean that everything gets even more confusing on the blockchain, and the chances of your privacy “by random chance” being unwound is much lower i’d assume
guess i’ll have to wait a few months for ~5ish remixes then 🥴 you’re correct in assuming my reasoning for remix time concerns is hot wallet related

2023-06-27 13:54:45 CEST

any lightning devs use nostr?

2023-06-27 10:38:25 CEST

still no one has answered my lightning question 😥
can someone explain simply all the possible ways that managing your lightning channel could result in you losing a portion of the Bitcoin that you have locked up in that channel?
- i heard forced closures can be expensive, and especially in high fee environments?
- i heard that if your node is offline that someone can force close, and then present an outdated channel state that benefits them?
- if you mismanage your liquidity (maybe make your channel too small) then you can essentially lock up that Bitcoin because it’s not worth paying the fee to even close the channel?
- anything else?
and what would be all the different methods / best practices for protecting against any of these potential loss of funds?

2023-06-27 10:33:09 CEST

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ahhhh i always thought of bluewallet as custodial (maybe because it defaults to custodial lightning), so i never actually considered it a viable privacy option - sounds like i need to revisit that tho
i’m just trying to take a lot of privacy focused steps with my setup - and i just want to make sure that the app would never accidentally connect to the public node (instead of your own node that you configured), and then it sort of “leaks” what addresses you’re wallet is watching
maybe i have that all wrong, but that’s why i liked zeus because it just doesn’t work if it doesn’t find a connection to your own node (which i like)
but yeah, sounds like i need to do a bit of research around running blue wallet in a sovereign manner 🤔

2023-06-27 10:29:18 CEST

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i’ve heard some mixed opinions about wasabi’s mixing process, but i’m unsure if there’s any substance to those claims - if i was to step outside of whirlpool i’d probably try JAM (joinmarket) because that seems pretty gooooood
i think there’s a bit of a question mark next to wasabi and JAM around mixing constantly into the exact same liquidity (where as that’s less / not possible in whirlpool)
again, i’m no expert so i could be wrong in every single thing i’ve said there

2023-06-27 10:26:00 CEST

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but good to know it’s just a slow process and my node / sparrow isn’t broken or something! 👍🏼

2023-06-27 10:25:32 CEST

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makes sense - i’ve been assured that even after one mix your privacy is like significantly improved anyway, and adding extra remixes doesn’t necessarily help your privacy all that much 🤔

2023-06-26 11:54:55 CEST

if i ran my own node and had my corn stashed in cold storage, how could i check the balance of my hardware wallet whenever i wanted from my iphone, through my own node?
zeus is a great option for lightning on iphone (all through your own node using tor), but is there an iphone equivalent for on-chain watch-only wallets?

2023-06-26 09:21:14 CEST

when setting up your own bitcoin lightning node / channels, can someone explain the different ways you could lose some / all of your bitcoin that you lock up in channels?
- forced closures (i’ve heard are particularly bad during high fee environments)
- not backing up channel state and node on the other side of the channel uses previous state of channel (i think watchtowers are meant to prevent this)
anything else? and how do you best prevent / protect against these risks?

2023-06-25 13:22:52 CEST

bump
#note1jx8…l0hw

2023-06-24 07:01:49 CEST

bump
#note1jx8…l0hw

2023-06-24 06:30:34 CEST

another question on lightning channels -
what are the different ways i can fuck it up and lose my money? especially in a high-fee environment too?
i remember hearing stories of people getting force closed in a high-fee environment and losing a fair bit more than they expected
also, there’s the whole watchtower system which sounds like it’s important to not get stitched up by other people, but i know nothing about that
anything else i’m missing too?

2023-06-24 04:39:29 CEST

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thanks for that info, multiple channels makes sense that it improves privacy, not just always going through the same route, couple questions tho:
- how do i know what nodes to establish channels with from the beginning?
- like do i want to just jump in with a really big well connected node, or is it more optimal to go for someone not as big?
- is there any restriction on what nodes you must have channels with to use the loop service?
- i’m using CLN, so i think i have to use the “nloop” plugin, does this create any problems for me?

2023-06-24 02:37:38 CEST

okay, so i spent awhile trying to wrap my head around lightning liquidity, and i need someone to check if i’m correct here:
if i wanted to purchase ~$100 p/week in non-KYC BTC over the lightning network (using Robosats), and then maybe when the balance hits like ~$1500 i’d probably want to move these funds on-chain, mix them, then send to cold storage
now, to do this i think i need to establish a channel with a well connected node and that channel would need about $1500 of inbound liquidity (and i’d probably want to keep maybe $500 in outbound liquidity too, just in case i wanted to spend on lightning more generally)
then, as i buy non-KYC BTC i’ll have that liquidity move from inbound to outbound, to the point where after 15-weeks i’ll have no inbound and entirely outbound liquidity in this lightning channel
what then? i would want to rebalance this channel, so i’d have to use an option like “loop” or “boltz”, where i would send all my outbound liquidity back over the channel, this would switch my $1500 of outbound liquidity to $1500 of inbound liquidity, right?
and then, with these “loop” and “boltz” services they would then send me the equivalent of $1500 on chain BTC to compensate me for moving all my outbound liquidity over (taking some 1% fee or whatever in the process)
then i just rinse and repeat the process?
seems like when they add “splicing” (resizing channels) it would be a bit simpler
i.e. when all the inbound becomes outbound then i can just create a movement for all the outbound to move on chain, and at the same time i can throw some more liquidity into the outbound to refresh it

2023-06-23 13:43:00 CEST

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yeah, i just watched that entire video, it looks a little more complicated than sparrow / whirlpool, nice UI, but it’s not as simple as like pay one fee and wait - sort of seems like you have to keep making transactions, and keep paying that fee
i think i just need to become a bit more comfortable with the fee structure and i’ll be all good though
when he looks at the outputs it’s interesting how they aren’t all the same value, there’s a mix of matching values
i did a quick search on samourai twitter to see what they mention about joinmarket (because they usually don’t beat around the bush when it comes to criticising shit)
they seem to place it below whirlpool but above samaurai, almost feels like their opinion might be “if you’re not going to whirlpool, probably should use joinmarket”
i think the only concern my simple brain could make sense of was that joinmarket reuses liquidity, so i think whirlpool is waiting for fresh liquidity to remix, but joinmarket you could technically be mixing with the same handful people over and over, so it’s not seen really as a gain to the anonymity set
could be completely wrong there tho, that was just what i could gather from a quick look, i’ll keep looking

2023-06-23 12:41:27 CEST

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Any trade-offs in terms of privacy here? I’m just about to do a bit of my own research, but I always thought of Whirlpool as “gold standard” in terms of its privacy - but yeah, feels like maybe the liquidity isn’t there (in the pool I’m in at least)?
How has Join Market solved the liquidity issue? It seems newer so I wouldn’t expect more people using it?

2023-06-23 12:39:43 CEST

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Yep, similar experience as above. I’ve had it sitting there trying to remix for like the better part of a week and the most mixes a UTXO has is two (2).
I’m guessing it’s a liquidity problem?
I know you get decent privacy gains just after a single mix, but I was I do feel like a 10+ would feel a lot better, at this rate I wouldn’t even have 10 mixes after like two months 🤨

2023-06-23 12:23:15 CEST

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JAM? is that joinmarket?

2023-06-23 11:04:34 CEST

bump
#note1p2k…ht4x

2023-06-23 02:29:10 CEST

any reason why whirlpool with sparrow is slow to remix? i’ve had it running for the better part of 5-days and it has only mixed utxo’s at best twice 🤔 did i not pay a high enough fee at the beginning, or is this just the speed of the process?

2023-06-08 21:44:02 CEST

what’s the air like in nyc right now ya’ll? can you still go outside and do stuff?

2023-06-08 04:49:19 CEST

yo, anyone in nyc rn reading this??
what’s the air like there rn? i’m meant to fly in tomorrow evening for 3-days, should i reschedule, or will i still be able to walk around and do tourist shit without feeling like i’m choking while breathing air??
pls help

2023-05-30 12:17:24 CEST

this is a very basic question, but only utxo’s can be KYC’d, right?
so you could send a bunch of KYC’d utxo’s to a wallet, but then send non-KYC’d utxo’s to the same wallet, and as long as you never combined the utxo’s then the non-KYC utxo’s would remain non-KYC’d, right?
or, are the receive addresses you generate from your wallet able to be linked to one another? is this why protecting your xpub is so important?

2023-05-23 09:46:25 CEST

“Above and beyond monarchy and democracy, the following is concerned with the “logic” of a natural order, where every scarce resource is owned privately, where every enterprise is funded by voluntarily paying customers or private donors, and where entry into every line of production, including that of justice, police, and defence services, is free.” - Hans-Hermann Hoppe, ‘Democracy: The God That Failed’

2023-05-13 17:05:53 CEST

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🤨
whirlpool?

2023-05-13 17:04:11 CEST

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i’ve never actually heard of lnbits, looks sort of cool from a quick google, what’s its selling point?
how does it differ from running ride the lightning or something like that?

2023-05-13 09:43:55 CEST

it’s taken me all day pretty much, but lightningd (CLN), c-lightning-REST, ride the lightning, and zeus are now all setup on my own node
did it all through just following the docs and figuring it all out 😎
i think the only thing left to do is configure zeus to work over tor so i can access my own lightning node outside of my own network 🤔

2023-05-13 03:19:21 CEST

bump #note17j3…angn

2023-05-11 16:45:32 CEST

fees are almost back to normal
lovely

2023-05-10 17:21:30 CEST

when running a bitcoin lightning node what are the different ways i could lose my bitcoin? especially during high fees?
like what’s a forced closure of your channels, and is there any way to prevent them? and any other possible ways i could lose my sats?
i want to finally be able to use zeus, but i don’t want to fuck up managing channels and lose sats

2023-05-09 16:39:29 CEST

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personally disagree that a block size increase would constitute a solution, the problem would still exist that someone with money to burn could fill blocks (just 4MB or 15MB instead of closer to 2MB)
i think the fee market should solve this problem naturally (hopefully) - you’d think on-chain token folks will eventually run out of money to burn on fees, and they’ll run out of buyers for their hot potatoes
time will tell if that’s the correct take
but, assuming the “storm passes” it’s still a very great example of what technically needs to be thought about and solved creatively - i’m naive in this space, but i saw something the other day about excess fees for transactions where transaction costs are some amount larger than the value being transferred
not saying that’s the solution, because i’m sure there are a bucket of unintended consequences with that (and i probably didn’t even understand it properly) - but, my point is more that once this hopefully passes it’s definitely something we should all be thinking about from all the possible angles
and, my point with my original post, is i think this is a problem that plagues xmr and ltc too (even if it hasn’t shown itself yet, it seems like it’s something to think about at least)

2023-05-09 10:46:15 CEST

honest question - how would xmr (or ltc, or whatever) deal with a similar situation to what btc is dealing with right now?
essentially, there are entities paying more in fees relative to the value that they are sending (no matter the why, that’s essentially the network outcome)
so, if a protocol doesn’t restrict this behaviour (i.e. it allows people to pay excess fees relative to value sent) then this will always be possible, no matter the network, right?
if i had a bucket of money and i just wanted to waste it, i could continue to send fractions of xmr or ltc back and forth
i’d have no incentives to “mint tokens” on these networks, but it seems like the same process is possible on other networks, it just maybe lacks the incentives of “minting coins”
am i missing something?

2023-05-08 15:32:20 CEST

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miners must be loving life
how do i whirlpool in this environment?

2023-05-08 14:39:17 CEST

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i’ve been following that exact series
buuuut, i sort of veered away from the guide because i installed c-lightning instead of lnd 🥴
so now i’m learning everything the hard way ahahah

2023-05-08 09:51:55 CEST

i’ve finally setup my node, ready to mix some btc to break kyc links
how should i approach this now with the high fees situations?

2023-05-08 09:50:15 CEST

any advice for a newbie setting up a lightning network node? i’ve heard of people losing sats because they can’t quite get it right, maybe getting forced closed and such? having to cop transaction fees now as well?
what are some good resources that i can use to make sure i don’t do something dumb and lose sats when trying to set it all up?

2023-05-07 16:15:07 CEST

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great idea for a gift
my only concern would be the actual hardware holding up over a 10-year time period - is that a risk?
fucked of the physical hardware dies across that time period? or are there ways around that?

2023-05-07 10:33:03 CEST

so, how much would it cost me to whirlpool some coins rn because of fees? 🤨😅

2023-05-07 08:42:56 CEST

so uhhh, what’s going on with the mempool? 🤨

2023-05-06 03:33:37 CEST

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i’ve been setting my node up “the hard way” -
i’ve setup bitcoin core, fulcrum and mempool.space now all via SSHing into my node, and manually adjusting all the config files, etc.
so, i think by default, i have to go with cln, as to continue along the path of *most* resistance 🤣

2023-05-06 03:13:20 CEST

c-lightning or lnd?
i know absolutely nothing about the differences, but i’m tending because core-lightning because it sounds lightweight and faster? idk

2023-05-06 02:56:54 CEST

i just got my local version of mempool.space working, pretty damn cool
but are 100 sat/vB fees normal? 🙄
lots of fkn transactions? 🤨

2023-05-04 12:22:17 CEST

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what vps?

2023-05-03 16:25:02 CEST

what does this mean? is it possible to whirlpool on ios now? 🤨
https://twitter.com/samouraidev/status/1653751698110676992?s=46&t=wx1jvVaho3qDj2_4z4xBcQ

2023-05-03 04:39:28 CEST

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ahahha that sounds like it was allegedly quite a shit experience
weird that they’d just flat out stop supporting 12 word seed phrases without having some amount of backwards compatibility, or some sort of conversion of some sort? 🤨
i don’t have any direct xmr experience yet - but, they did mention on the podcast that the hard-forks (and such) are good for keeping up with the latest privacy developments, but they do come with a trade-off of backwards comparability (amongst other things)
felt like that during the podcast they were tending towards advocating for keeping smaller amounts in xmr, like a hot-wallet for spending, but they mentioned that some people in xmr community would disagree with that and treat it just like bitcoin as a long-term store of wealth
you’ve got an interesting anecdote non-the-less tho

2023-05-03 04:17:48 CEST

i just listened to a pretty great podcast that talked about xmr
it wasn’t trying to shill anything, it was just talking from a very high-level about its origin, history, how it works, how it differs from btc, etc.
i learned a lot, and the main takeaway for me seemed to be that, until lightning network is private by default, then your “best option” in terms of privacy is probably spend using xmr
doesn’t mean you can’t achieve the same privacy on bitcoin, but i think it’s just a matter of effort and room for error - xmr seems to give you a pretty good level of privacy with relatively low effort, and less room for error
the tl;dr seemed to be: save in bitcoin, but spend in xmr (for now)
thoughts?
(i’m not trying to shill anything here, just sharing what i learned and keen to hear opinions)

2023-05-01 14:35:54 CEST

can someone explain to me the money that FDIC / any gov agency gave to JP for their acquisition of first republic?
like they got a loan from the FDIC, right? but how are they “sharing the losses with FDIC” (which is what i heard)?
and how THE FUCK do you acquire a dying bank and then expect to profit? confidence game?

2023-04-30 01:48:08 CEST

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certainly does, i probably should’ve dedicated a bit more ram to the build process in the config, but too late now
it must output it’s % progress by number of blocks, because if got to 40-50% real quick, but now has taken like an entire day to get to 65% 🤣
raspberry pi 4 isn’t that powerful tho, so makes sense

2023-04-29 14:18:23 CEST

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yeah my gf and were in our last rental for two years, but when our lease came up, the owners sold, and we got stuck in the tightest fucking rental market ever
i’m keen on buying, just trying to find something in the right area, right price, right size, etc.
i’d rather a shit place that needs some love that’s in a good location
gotta go see a broker and all that shit tho - any practical advice for the actual process of buying a house? (if you have any experience that is)

2023-04-29 11:22:56 CEST

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yeah, i’ve had a stable relationship for nearly four years now, and we need our own place to make the next steps in our life i reckon
i’ve been using this tool called mortgage.monster where you can put in a view of rates expectations and property value (it doesn’t let you put inflation expectations in though)
but even under extremely shit conditions (persistent 5% rates that fall to 3% in 5 years, and a 25% drop in property market followed by sub-1% growth for 30 years) it still seems like you’d build your equity up with time
inflation can obviously make a massive impact over that sort of time period, but there’s not much you can do about that
feels like in almost all cases i’m probably better off just biting the bullet, buying, building equity - didn’t used to be the case when renting was cheaper, but certainly feels like buying sets you better off now (especially if you want to build a family which i do)

2023-04-29 09:37:54 CEST

rent for $500 p/week, or borrow $500k at 6% and pay $580ish p/week in repayments?

2023-04-29 06:47:59 CEST

what’s the best lightning network setup to use for my rpi node? i know i want to use core-lightning, and zeus wallet - but should i use rtl? thunderhub? something else? anything else?

2023-04-29 03:44:27 CEST

waiting for my fulcrum db to build 😵‍💫

2023-04-27 10:05:28 CEST

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Interesting.
So, it it actually impossible to know how much xmr is circulating all around the place? Is it impossible to know how much value is being settled on the xmr network?
From the Bitcoin perspective I think it’s pretty cool that you can sort of view how much value was moved in each block (i.e. like “value settled” on the bitcoin blockchain).
I wonder how much “daily value” is being transferred across / settled on the xmr blockchain (relative to the bitcoin blockchain) 🤨 is that even possible to determine due to the xmr privacy enhancements?

2023-04-27 03:24:15 CEST

genuine question - what are the large differences between xmr and bitcoin?
does it boil down to xmr has much better privacy tech (by virtue of it being almost its entire focus), compared to bitcoin where you have to jump through some hoops to gain privacy (so it’s more-so an issue of effort)?
or, is there truly some amazing privacy protections in xmr that just will never be possible in bitcoin (without a hard fork), and there’s no real soft fork alternative functionality?
not trying to start a war here 😅 just trying to better understand the genuine trade offs people are making

2023-04-26 16:10:32 CEST

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i’ve never wanted to sign up to anything, so i’ve just been using phind(dot)com
essentially it acts as a better, more tailored search engine for me, pretty much assisted in helping me setup my rpi4 bitcoin core node “the hard way” (i.e. completely over SSH using Ubuntu Core)
i’ve been getting it to explain to me what all the different parameters in the bitcoin.conf that people tell you to set in their guides, are actually doing
but when something doesn’t make clear / direct sense i’m almost always googling it to confirm (i.e. doing a bit of my own research to double check)
for me, it’s just a waaaaay better search engine essentially

2023-04-26 16:05:56 CEST

what are the most essential things i should be putting into my “bitcoin.conf” file?

2023-04-25 15:50:42 CEST

yo, i’m officially running bitcoin core
> bitcoin-cli getblockchaininfo
yields me the latest block; amazing!