• 37 Posts
  • 334 Comments
Joined 1 year ago
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Cake day: June 4th, 2023

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  • Instead of fixing those issues, most other coins are just pump and dump schemes for a quick buck.

    Oh agree totally on this one.

    Bitcoin and many other currencies have way too many and large fluctuations in value for daily use.

    If you are using it to send money from point A to point B, you can cash it out at the same price you put it in at, so fluctuation doesn’t matter much. You’re probably saving on bank fees and exchange risk enhanced by slow international settlement. Exchange risk is always a thing with any currency. It’s gotten more stable over time and I imagine that trend will continue. Other currencies are also unstable, how has the purchasing power of the USD held up over the last 5 years? That’s not to mention the billions of people not fortunate enough to live in a currency environment which is dominated by the dollar. Ask any Argentenian or Turkish person how stable their currency is compared to Bitcoin. Best case scenario, your dollar slowly loses value over time due to supply inflation. Whether or not you find it useful, more and more people find it useful every year, the transaction volume has increased reliably for 15 years. Nobody’s making them use it. On the contrary, there are often hurdles educational, regulatory, and technological to using it, but they still do. Maybe on year 16 though people will finally realize it’s useless and stop using it.

    Bitcoin specifically is not practical for transactions in general due to cost and block size limits. Yes, lightning exists, but maybe your technology is shit if it needs a second overlay network to function.

    Maybe TCP/IP is shit if we need other protocols build on top of it like SMTP. Maybe ethernet is shit if we have to design a whole nother protocol (TCP) just to make sure packets actually arive in the proper order. No. This is a weak argument. Fedwire, the system for settlement between US banks, has a equivalent transaction speed to Bitcoin’s base layer. Banks don’t seem to have any problem with that speed. And ten minutes is pretty dang fast to send a million dollar transaction across the globe (on main chain) or under a second (on lightning). Meanwhile, the US dollar doesn’t have a built-in transfer mechanism, and the mechanisms available can be quite frustrating or expensive to work with, ask anybody whose ever had to send an international bank wire or deal with the frequent buyer return fraud on platforms like eBay. I’d sell an iPhone to somebody in (insert fraud prone country here) no problem in BTC. With PayPal? No effing way,



  • Look, I love privacy and I agree Bitcoin needs more of it. Many developers/OSS projects would have trouble using XMR, the off-ramps are few and far between. Bitcoin’s privacy continues to get better and you can achieve significant degrees of anonymity with techniques like coinjoin etc. Lightning is pretty opaque, all the data on chain is who you opened your lightning channel with, not ANY of the transaction data between you and any other party (and remember, a single lightning channel can route payments to any other lightning user). And you can run a lightning node/wallet on an android. Long-term Bitcoin could absorb Monero’s entire market cap by simply copying its privacy features into a future protocol upgrade, which I hope it does as it has with experimental protocol changes first tried on other blockchains. And the Bitcoin community seems very pro-privacy.

    Monero has no functional L2 and only has “low fees” because it doesn’t have the tx volume to get higher fees. Bitcoin has had a functional L2 for 5+ years now. Lightning fees are usually a penny or two per transaction, if sending large amounts, an on-chain tx is still only like $1.50 most of the time. Settlement on Monero takes minutes instead of less than a second on lightning, not that it matters for this particular use case. It doesn’t have nearly the network of developers, users, or other people in the ecosystem backing it. Monero also has larger variable-sized blocks. Larger block sizes = more hardware requirements to run a node = more centralization. Bitcoin already had that debate and every other debate and chose decentralization at every turn. Monero chose bigger blocks just like Bitcoin cash did. Bigger block is not a scalable solution while remaining decentralized. No thanks. All of humanity’s transactions shouldn’t be stored on the blockchain for eternity, that is incredibly inefficient and needless. Nano has similar problems with design, no way to compensate those who run the infrastructure for the network, and pretty much nobody using it, and probably a massive pre-mine.

    There are some fundamental problems to blockchain, digital currency, or decentralized ledgers. If you want a decentralized ledger, space is your biggest limitation. If you want more space, you get more centralization. Every other coin chose more space for “lower fees” or “faster transactions”, Bitcoin chose decentralization at every possible turn (at the cost of having less space) and will continue to do so. For me, that is bar none the most important factor. And now it also has “fast transactions” and “low fees” thanks to L2s.



  • OpenShot went terribly for me. Cool idea but did not work. Ate hours and hours of editing by failing to export. I tried everything, even opening Github issues to figure out where the problem was. Systematically re-cut and edited and moved every clip. Still couldn’t get it to export even though everything worked flawlessly in editing and previewing. Tried switching to latest, alpha, whatever, none of them could export. Absolute nightmare. Do not recommend. Eventually had to re-do everything in kdenlive.



  • I’ll start, I donate to a few regularly via Github sponsors. I like that it’s recurring. I also donate one-off to ones as I come across them, but generally donate regularly to software I use regularly, particularly if I somehow am using that software to make money. I really like the idea of a portion of my donation going to upstream libraries, though tbh I’m not confident if Github sponsors does that or not.

    I mostly donate w Bitcoin, except Github sponsors since they don’t take it. I also donate to a few orgs like EFF and OpenSats which are OSS-adjacent or help OSS tools I like exist. When I see apps I like have published a new release and they announce it on nostr, I usually send them a bit via zap as well, but most apps I use aren’t on nostr.




  • Bitcoin is one of the most successful open source projects to have ever been created, and it gets downvoted to hell anywhere it gets brought up. 15 years of growth in network size, usage, and capability. Surviving attacks and attempted bans from nation-states. Not a single hour of downtime, not a single hack, reliably transferring money across the globe to anybody with a cell phone and a halfway reliable internet connection in seconds to minutes for pennies to dollars in fees. 100% open source and decentralized, uncorruptible, open to whoever wants to use it, the way currency should be. It’s got a market cap bigger than Sweden’s GDP and is already more reliable and widely accepted than most national currencies. Nobody can make it print money it isn’t meant to print or move money it isn’t supposed to move.









  • I’d love to see more nuclear power generation. Nuclear power is the densest form of power on earth, it’s safer than even renewables and doesn’t have the huge e-waste or energy storage problems that come with it. It’s very, very safe even compared to windmills depending on where you draw the box. I have never met anybody who actually understands nuclear power safety or waste disposal who is against it. At best, they say “renewables are currently cheaper so let’s focus there” but they’re not like “Nuclear is bad”.




  • Nostr is an open protocol. Plenty of questionable people have contributed to Linux, I still use the OS. Tor was made by an alleged rapist. I still use Tor. Open protocols are sometimes used or made by nasty people. Lemmy and email are “censorship proof”, they are both good protocols. Lemmy used to be 100% annoying tankies, but as it grew so did the diversity of the userbase. Nostr is going through the same thing.

    You choose who you follow, so you choose who ends up in your feed. For the “public square” areas (trending tweets etc), relays set their own moderation policies just like lemmy, that feature is identical. Find a relay that suits your moderation preferences. Most nostr apps can automatically filter out anything related to crypto/nsfw/politics/other less popular topics and prompt you to do so. If something slips through you can easily click ban and move on.

    Tips are a cool functionality. On one social network, content creators don’t have an opportunity to get paid for the content they post. On the other they do. Which one do you think will attract the most content creators? My bet is on the second. I like being able to send tips to people who write good posts. But it’s an optional feature, you don’t have to use it.


  • It’s done off-chain because on-chain would be expensive and slow. On-chain takes 10 min and $1.50-$15 in fees depending on the day. Lightning takes < 1 second for < 1 penny in fees.

    Lightning transactions are secured by the base chain, so you’re not at risk of losing any funds. The transaction data is “off-chain” because there’s no reason for it to be “on-chain”.