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ryanthegentry
ryan@lightning.engineering
npub1uatf...n24e
Here for the NIPs
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ryanthegentry 2 years ago
Pretty excited about this presentation from @bob! Have been thinking about The Bitcoin Stack for a while, and been really excited about nostr being the user/communications layer living on top of the LN layer for payments and the BTC layer for money/settlement for the last year… but this talk crystallizes specifically what use case The Bitcoin Stack is uniquely excellent at: Everyone Payments! Pumped to see prisms progress 🤙 h/t @Max for the nudge to watch the talk :) My earlier attempts at a Bitcoin Stack visualization… @bob's is much better lol 🙃 View quoted note →
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ryanthegentry 2 years ago
Gm. The most important quality of the Lightning Network is the permissionless nature of running a routing node, because that creates constant downward market pressure on routing fees. Permissionless means that ANYBODY can set up the software and start forwarding payments (including AI agents 👀). Can we measure how well supporting permissionless node operations is going? Kind of! The Terminal list from Lightning Labs ranks the routing node market in terms of outbound liquidity, or how much capacity each node has to send payments. By my count, 80 of the top 100 nodes on the list are run by plebs, with only 20 associated with well-known businesses. That’s pretty great imo, let’s keep it up! As long as we ensure that running a routing node is permissionless, and we keep increasing LN’s network effects, we are going to win! ⚡️
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ryanthegentry 2 years ago
Been spending time with the shitcoiners this week at Consensus in ATX. Mostly in private everybody is pro-BTC. But just met a co-founder of a company that is working on “tokenizing global wine and spirits to unlock billions of dollars of value stuck in people’s basements” 🫠🫠🫠 I can’t take much more of this. BTC++ you’re my only hope.
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ryanthegentry 2 years ago
By far my favorite quote from this month’s macro insanity was from #[0]: “banks are basically highly-leveraged bond funds with payment services attached, and we treat it as normal to keep our savings in them.” Absolute 🔥
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ryanthegentry 2 years ago
Feeling very comfy with my BTC in self-custodied cold storage this morning. Too much chaos in the world today to trust a third party with custody of your wealth.
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ryanthegentry 2 years ago
The most exciting thing to me about nostr is how the combination of Taproot keys + a communication channel enables composability with different bitcoin meta-protocols. Some examples: 1) #[0] composing nostr keys with ordinal ownership: 2) #[1] composing nostr keys with ecash transfers: 3) #[2] composing “Bitcoin spending policy and signature orchestration using Taproot and Nostr” https://coinstr.app/ What else is out there? Wen nostr + DLCs? What can be done with nostr + Taproot LN??
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ryanthegentry 2 years ago
What’s a good paid relay to test out? I’m already connected to Eden
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ryanthegentry 2 years ago
If you don’t have a ⚡️ on your posts I feel bad for you son, we’re stacking sats to our LN Addresses and you ain’t getting none