I sent a few eCash payments as DMs to various NoStars (aka Nostriches), with more than a dozen still uncollected. Even though clients render Cashu tokens nicely, people don't seem to notice. @eNuts ⚡️🌰

I liked @ZEUS better without the red warning informing new users that a wallet is custodial and without driving new users down the path of starting a node on the phone. In my opinion, there are too many assumptions about how people will (should!) use the app.

inspiring conversation between @npub1a8jz...5pj4 and @ODELL

Citadel Dispatch

CD130: LNBITS, BITCOIN, AND NOSTR WITH BEN ARC

support dispatch: https://citadeldispatch.com/donate  ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠...

PV

Not sure if my friends in the USA are aware of the fact that citizen of other countries (Switzerland, in my example) need to fill out forms like this when dealing with banks and Bitcoin services. Imagine we all had to do this for each country. Of course, we don't. What do you think when you see this form? Yes, me, too: Switzerland is not independent.

In this important conversation (https://fountain.fm/episode/HW751CSpd243KXhrA1wQ), @Matt Corallo and @Marty Bent point out the risk that Bitcoin will lose one of its most important properties, censorship resistance unless we Bitcoiners do something about mining centralization. I think Bitcoiners allowed this to happen because of what I would call the "1 BTC = 1 BTC" fallacy. People praise Bitcoin's ability to transport value through time. They claim that all I need to do is buy and store Bitcoin in cold storage. This notion seems naive. The value of the Bitcoin in cold storage is bound to evaporate by gradually altering Bitcoin's properties. Introducing effective censorship through miner centralization, as detailed in the TFTC episode, is one way of devaluing Bitcoin. Only if (Bitcoin value evaporation < FIAT inflation) do we have a better store of value. As Erik Voskuil brilliantly points out in Cryptoeconomics (📄.pdf), it is humans, willing to resist control and accept the risk of punishment, that secure Bitcoin. Therefore, the risk-sharing features are essential for Bitcoin, making this risk bearable for individuals. Decentralization is another word for risk-sharing.

My imagination is sometimes rather limited. True, I cleaned up my utxos a while ago (no sub 100k-soon-to-be-dust particles). However, I first need to see 100$ fees to start thinking properly about it. On April 20th I could clearly see the "black hole" between 100$ (max lightning capacity for most people) and 1000$ (where on-chain fee % start to become acceptable). We need to close that gap before fees will permanently be above what 100$ is today.

Fountain

Stephan Livera Podcast • The cost to hack bitcoin hardware wallets with Dmitry Nedospasov SLP566 • Listen on Fountain

Dmitry Nedospasov is a PhD in Chip Security, also known for his hardware wallet exploits in 2018 with the wallet.fail talk. Dmitry joins me to talk...

Essential for everyone holding significant amounts of Bitcoin. Leaned a lot. Thanks @Dmitry Nedospasov and @Stephan Livera