Nostr is great and all but how can we enable people who don’t have their own internet service provider subscription? One idea is for average people to setup a pay-per-use WiFi hotspot from their home networks. Authentication and payment via lightning. We need maybe an OpenWRT package that people can install and configure to pay their wallet? Imagine earning sats by renting out your bandwidth. Let me know if anyone is working on this. Would love to help out.

Any tips on how to avoid KYC on primal? A lightning wallet shouldn’t need a verified email.

The Samurai wallet indictment alleges the Samurai service is a money transmitter despite not meeting the definitions set forth by FinCEN. The service itself never took control of funds nor did it transmit the funds. If this case rules in favor of the DoJ then it sets a precedent that could be used to target mining in the US. A miner takes transactions and includes them in a block and then broadcasts them out to the network. This process is not meaningfully different from what Samurai was doing if we go by the extremely loose definition of money transmitter the DoJ is proposing. This means that all miners could eventually be forced to apply for a money transmitter license which can be denied or revoked on political grounds. It also drastically raises the barrier of entry and so pushes the industry into the hands of those companies and individuals who are politically connected or who can afford the lawyers to help them acquire the license. Reminder that this is coming at a time where Antpool has almost 50% of the hashrate. If mining is jeopardized in the US then expect Antpool to have well over 50%. Now is the time to raise awareness and share your concerns with policymakers.

Does the samurai case open the door for requiring miners apply for money transmitting licenses 🤔 This effectively kills pleb mining in the US

Their whole foundation makes no sense. “The beurgeoisie have too much influence on society. Let’s replace them with a group called the State instead and codify their superiority in law. That will fix it!” View quoted note →

If Antpool does indeed control the block template for more than half the hashrate then they become a natural ally for the legacy system that wants to control payments. Expect more developments there. The ECB and the US Fed would prefer maintaining some level of control over having none at all and will inevitably partner with any pool in that position.

#MicroStrategy needs to help decentralize #mining if they want to spend their coins securely and sovereignly in the future. The lightning network won’t matter if nobody can open a channel with them.

This helps prevent plebs from gossiping spam to others, but eventually won’t the mining pools provide APIs for submitting transactions directly to them? A more viable path might be to have a fee structure that doesn’t scale linearly. Can we weight OP_RETURN higher? Scale it quadratically? View quoted note →

Learn about and support Stratum V2

If mining pool centralization gets worse then demand for layer 2 and 3 will grow exponentially.

The US and China regions control the vast majority of the hashrate. Two observations: 1. Wtf is the rest of the world waiting on? 2. The American culture is one of individuality and the Chinese is collectivism. The battle over hashrate will be the first time in history such competition can take place overtly and digitally. For the American model to continue it will require many individuals to agree to row in the same direction for a common cause. We have a common cause worth uniting for.

Europeans have 3 years to migrate to Bitcoin View quoted note →