*When we’re on the same team because of the same incentives we can coordinate efficiently* View quoted note β†’
*CLINK is a nostr based transport for invoices, a bit like LNURL, but end to end encrypted and key-identified so you don't need a web server of your own to use it trustlessly, works with any open relay. Also provides an much better alternative to the slow and unreliable onion-based messaging of Bolt12. The spend spec offers functionality like NWC or LNURL-Withdraw, but without prior account setup and secret sharing.*
Stacker News
SN release: CLINK wallet, recent search order, improve related posts, bug fixes \ stacker news ~meta
If you are running https://lightning.pub/, you can now send/receive with CLINK. Also we now pickup the lightning address from NWC strings if it's p...
*denomination isn't set by the buyer, it's set by the seller* View quoted note β†’
*If someone else can tell you what to do with your money is it really your money?* View quoted note β†’
*A political regime can't outperform the market because it doesn't understand the market, and it doesn't care about the return on investment anyway because it doesn't share the same interests as the market*
Stacker News
Our Economy Has Never Needed an "Elastic" Currency \ stacker news ~econ
By Jonathan Newman Mainstream economists justify the creation of the Federal Reserve because they claim that a growing economy, especially the bank...
*the solution to the inequality and injustice produced by govt central planning is not to institute more central planning* View quoted note β†’
*The difference is structural: Bitcoin routing is subsidized by belief, while token routing will always be mercenary. This is why stablecoins will never truly compete with sats on Lightning. They may succeed at moving volume for a time, but they will never summon a volunteer army. Bitcoin nodes are happy to give because they are defending the hardest money the world has ever seen. Token nodes will only give if they are paid, and they will want paying well.* View quoted note β†’
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*The Drainers Think of all the newer players in crypto now: government, Wall Street, tradfi converts, and Jonny-come-latelies, plus corporation treasury reserve FOMO-ers – not to mention hackers with record-breaking heists, dodgy projects with worthless tokens, and pump-and-dump schemes. These players have always been part of the space, but now the market seems to be relying on these β€œinstitutions” to somehow push crypto to the next level. The trouble is, they don’t care about crypto – they care about fiat, and will drain fiat out of crypto, effectively deflating it. The above old-schoolers, the non-drainers, become exit liquidity for the drainers, who are highly skilled and remorseless. The drainers are growing, and that’s not good.*
Bitcoin Is Digital Exit Gold: The Four-Year Doubling Cycle β€” Forbes
Bitcoin hasn’t really gone anywhere since I bailed at $100,000. Well, not in line with expectations of $250,000 or $1 million that the fanbase ha...