the simple truth is that you can never protect a browser from a web server. the only recourse is to build systems where the page can be hosted by anyone, from anywhere, and have it access important things through intermediate layers

fine. PSA: if you're using cashu without a vpn or tor, you've defeated all of its privacy guarantees. the mint knows: who you are, where you are, and who you transacted with View quoted note →

i'm not saying that people don't want reliable delivery... View quoted note →

the solution to ai ... is more ai it's still true, and it still blows my mind

this centralizes the protocol on relays and kills distribution and censorship resistance. it trades one convenience for everything that makes the protocol valuable View quoted note →

everything's a dogwhistle in bitcoin

lightning *could* scale with multiparty channels. gee, i wonder what that would look like ... 🤔

i love lightning. it's fully secured bitcoin that's fast and cheap but "cheap" means a few on-chain transactions and an always-on, always connected device. that's trivial for you and me to run today, but is already too expensive for most of the world and even if you're willing to accept this, what happens as more people actually use bitcoin, and fees begin to overtake block rewards? that's a future where a single on-chain transaction costs around a hundred times as much in fees as one today. would you open a lightning channel if it cost "a mere" $300, except in high-fees environments, where it cost ten times that? what bitcoin needs to become a global electronic cash system is scalability. lightning provides some of this, but only enough for millions of participants. other layer 2's easily provide scalability, but sacrifice the trustlessness that's essential to bitcoin this is exactly why i've proposed something different – a network of ledgers and collateral. it replaces proof of work with slashing. yes, that's kind of weird. but with that weirdness comes a lot of nice things – free openings, low transaction fees, no availability requirements or liquidity management does it work? i think so, but no one seems to be taking it seriously. i can make a few guesses why, but they're still copouts. lightning doesn't scale and someone needs to do something about that. here's my hat in the ring:

abstract

Bitcoin Deposits: A Layer 2 Scaling Protocol

is @primal centralized? yes is nostr? no that's all you need to know