The more people talk about these systems as actual payments and not just credit the better... Bitcoin has been suffering from good as an enemy of the perfect for so long, and totally surrendering the market to KYC garbage. View quoted note →

the worst thing about Luke's FUD is that it is not actually working and Bitcoin isn't getting any cheaper

There is no limit on how many people can own UTXOs. The only limit is the level of "consistency"... L1 will always be the highest and most expensive, but that doesn't mean that smaller regions are worthless... That is just absurd garbage, if your money is confirmed in the eyes of everyone you trade with on a monthly basis, you have all the decentralisation you need. At this point I figure, autism is the worst risk to Bitcoin, when people can't see beyond the dichotomy of either global consensus or KYC "show me a video of your buthole to be able to spend" centralisation View quoted note →

Is anyone tracking non-kyc custodial LN and other Bitcoin IOUs rug pull rates? I figured this is a very important metric to have; without the regulations, how often do dark providers steal/disappear/fail?

Businesses benefit a lot from centralisation and gate keeping, but if you are in the business of non-kyc Bitcoin services... You really owe it to yourself to organise your data in a ledger, make it public and make your server algorithmically replaceable... Because your service is going to be shutdown sooner or later, and you lose all your hard earned credibility... Give yourself a chance to salvage that later with a dark service.