Bitcoin has zero adoption because Layer 1 is unusable. No privacy, dust everywhere (bitcoiners are arbitrary luddites that never accept improvements). The “circular economy” will never happen on Layer 2 because it’s byzantine, ruggable, and just sucks compared to fiat. If “means of exchange” never happens, “store of value” never happens either. View quoted note →

“And the name sucks too!” *spits on the ground* View quoted note →

Zaps are 100% stupid, yes. Conspicuous consumption. View quoted note →

Shout out to @vik sharma for making the first Silent Payments wallet for Bitcoin. Layer 1 is usable again. It feels like I stepped back into 2015! I highly recommend Cake Wallet if you’re wanting to just send someone Bitcoin and don’t want to bother explaining Layer 2 protocols just for a one time payment

Ecash or Lightning for a Bitcoin newbie is basically a non-starter. It’s just not happening unfortunately. Bitcoin Silent Payments are surprisingly simple however. Stay on layer 1. Nice!

@eNuts ⚡️🌰 why does the main iOS App Store app show that it’s in the “Education” category? And the example images are in German and stretched to be distorted. Is the TestFlight app still the best way to use the app?

I want to send money to my friend in Paraguay. How do I use Bitcoin in a way that is private and where fees are not insanely high??

If ecash is rejected by institutions, it will be labeled as money laundering. If ecash is accepted by institutions, it will be the same exact thing as CBDC. Can someone tell me why ecash is good?

Live in the pod, eat the bugs, use the ecash. View quoted note →

Grin users are positive about Bitcoin Silent Payments. #BIP352 #BIP47

Grin

Bitcoin Silent Payments

Silent Payments are exactly Monero’s stealth addresses, making the receiver perform extra work to recognize payments to them. A good way to avoi...

Bluesky is going to add key rotation/management into their app. Very nice.

Actually confused about who is @PABLOF7z and who is @nos This could be an issue with how some apps (Damus?) render usernames vs nicknames vs names. But it is highlighting a weird aspect to Nostr that I’m not really enjoying.

I’m against e-cash now. I’m not using e-cash as a layer on top of lightning as a layer on top of Bitcoin. I’m sick of the gymnastics. All that work just for e-cash mints to be forced to have back doors or shut down for laundering money (true). View quoted note →