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Rusty Russell
rusty@rusty.ozlabs.org
npub179e9...lz4s
Lead Core Lightning, Standards Wrangler, Bitcoin Script Restoration ponderer, coder. Full time employed on Free and Open Source Software since 1998. Joyous hacking with others for over 25 years.
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Rusty Russell 9 months ago
"Tether is owned and operated by bitcoiners" Really? And if so, is it relevant? I suspect it is more reliable to predict behavior using current motivations, not self-proclaimed categories. And the incentives for Tether are to go further out on the risk curve, cover up any losses to avoid a run, cosy up to high-profile Bitcoiners to get endorsements, get "dumb money" holders so you never have to pay out fully. They've done all of these in the past. They're making so much money right now you might assume these things are behind them. But the incentives remain: many people thought FTX was making so much money they wouldn't flush it all doing stupid things, right?
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Rusty Russell 9 months ago
#Bitcoin price predictions and stupid people attract.
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Rusty Russell 10 months ago
I have too much on my plate. I am excited about restoring Bitcoin Script, but I am more then full-time with my Lightning work. But if someone has experience with Bitcoin's inner workings and wants to work on this, I would commit to carving out time to mentor them and help them get a grant. It's not going to be easy, but it could be Great! Ping me if you want to discuss 🧡
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Rusty Russell 10 months ago
Sometimes, I feel Blockstream marketing team really earn their salaries: image
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Rusty Russell 10 months ago
Meanwhile, on TwiXter: image If I'm reading this right, having a whole Bitcoin will sterilize you? Or kill your children? Maybe I should unretire Shit Bitcoiners Say...
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Rusty Russell 10 months ago
Anyone set up NWC on Core Lightning? I don't really want to have to read all the NIPs and implement YA nostr client!
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Rusty Russell 10 months ago
TIL accidentally that in Firefox on mobile you can long hold on an emoji to get a description of it! 🥰 image
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Rusty Russell 11 months ago
Anecdata: I had an invoice which failed on my Phoenix wallet which worked with xpay from my local node. It's always been the other way around!
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Rusty Russell 11 months ago
So, there's a place offering Bitcoin-denominated life insurance. Here's the problem though: they invest the funds to make return in *Bitcoin*. But there are few if any Bitcoin-native opportunities. We also know that Bitcoin's gains are in a handful of market days per year. IOW I cannot see a way of making "conservative" investments and outperforming Bitcoin, since such investments will be dollars. If it seems too good to be true ...