Looking forward to try running this soon:

GitHub

GitHub - ACINQ/phoenixd

Contribute to ACINQ/phoenixd development by creating an account on GitHub.

It could be a great, quick to setup and maintain option for use with an LN Address to accept payments for goods and services on Nostr.

Nostr feature idea: Custom local nicknames for pubkeys, a profile may list a name, however a client could give a local only name for the pubkey, or possibly publish it as an AKA name.

Banks' fiduciary media can be directed at different markets to artificially increase or decrease demand in specific markets.

Seems like a strategy to deal with an (unexpected) influx of fiduciary media in the economy is to be able to be able to retreat and to not be over extended and stay balanced. One step better is to be able to see it coming in advance.

"fiduciary media" is a term I didn't know I needed to learn :) From Principles of Economics by @Saifedean Ammous

"When the fuduciary media are created as a loan to entrepreneurs, it may not be clear to anyone (except Misesian economists) that this loan has created more than there are resources. At current corn prices, the quantity of corn which farmers plan to purchase exceeds the quantity of seed corn available on the market. But once it is planting season and the farmers go to buy the seed corn, they quickly bid the price up. Those who buy it early might manage to get all the quantity they had planned to get, but the majority will get a smaller amount. This miscalculation will be an expensive error for farmers, who will have overinvested in land, labor, and capital relative to the amount of seeds they expected to have available." — @Saifedean Ammous

The next Federal Reserve meeting to determine "interest rates" is April 30th - May 1st. What will happen? Up, down or stay the same?

"In an economy with only commodity credit, the interest rate is determined by the interaction of individuals' preferences for borrowing and lending at different interest rates. The preferences of these individuals for holding money, borrowing it, or lending it are determined by the quantities of money at their disposal as well as their economic conditions and desires. In a world of only commodity credit, all loans must come from a saver deciding to forgo consumption in favor of earning a positive return on lending." — @Saifedean Ammous

"[The] expansion of credit cannot form a substitute for capital." —Ludwig von Mises

software freedom > open source

An open question in regards to the lecture this week by @Saifedean Ammous on Monetary Expansion: As a capatalist, entrepreneur and/or manager, what are various strategies to mitigate and navigate the risks of market distortions caused by monetary expansion?

Many do not know that protecting your privacy online and on a phone, is possible, to various degrees.

Does #amethyst not have a setting to disable/cconfigure translations? I have most disabled individually, from incorrect tranlations, however it still does this from time to time. Seems kinda silly.

It could also be interesting to have features for Core Lightning and LND that bring some of the features of phoenixd. 🤔

GitHub

GitHub - ACINQ/phoenixd

Contribute to ACINQ/phoenixd development by creating an account on GitHub.

This April 5th will be 91 years since EO6102 was issued that forbid holding of gold coin, gold bullion, and gold certificates within the continental United States. It was issued in 1933 and lasted until 1974 for a total of 41 years.

Something that I did not expect, from reading an article by Murray N. Rothbard, was the length of time that it could take to bring about a liberated free-market economy. "All this could and should be done in one day, although the monetary reform could be done in steps taking a few days." https://mises.org/mises-daily/how-and-how-not-desocialize

It is kinda funny that one of the oldest diets has been called a "trend" diet, there could be worse things. 🙃

I am kinda surprised that watchtowers for running a Lightning node haven't become more popular. Perhaps LSPs are providing some of that functionality as well as providing inbound liquidity? It seems that if you're running you're own node on your own hardware, not in a datacenter, you'll still want to have a watchtower (perhaps your own) that is run in redundant datacenters with backup power and internet.

So is the Electrum server acting as a watch tower for Phoenix? Documentation isn't clear on the technical specifics of how the wallet doesn't need to be always-on. This is what has been mentioned: "Phoenix has been designed for less technical users, who don't know or want to run an always-on Lightning node on a server or to manage channels, with sensible trade-offs for those users." https://phoenix.acinq.co/faq#can-i-connect-to-any-node-can-i-connect-to-my-own-node "You can configure Phoenix to use your own Electrum server to watch the Blockchain and monitor your channels." https://phoenix.acinq.co/faq#is-phoenix-trustless

The use of docker containers often feels needlessly complex and cumbersome when system daemon scripts can easily be added. I think it has it's place, however recently I'm preferring the simplicity of just daemon scripts.