Lava's loans protocol is perhaps the most sophisticated and novel use of bitcoin script and DLC tech I've seen before. This 10 page paper does a nice job of introducing it. https://github.com/lava-xyz/loans-paper/blob/main/loans_v2.pdf
moneyball
moneyball@primal.net
npub1ug8c...d9ry
₿moneyball@twelve.cash
running reads
What questions would folks like me to ask?



5 reasons miners benefit from Stratum v2:
1. Authentication and encryption. Don't let your hash rate be stolen. Even if you aren't concerned about this, your auditors and investors likely will be.
2. Less bandwidth-intensive protocol (binary vs. JSON); reduce stale shares and works better in poor internet situations
3. Ensure your pool isn't inserting transactions and not sharing out-of-band fee payments. It is becoming more topical with the increase in usage of transaction accelerators and non-standard transaction inclusion. Eliminate the requirement to have to monitor your pool.
4. Ensure you're selecting the transactions that provide the maximum fees. Don't leave it to others who may censor certain high fee transactions. Eliminate the requirement to have to monitor your pool.
5. Take charge of the bitcoin software you run and consensus rules. Don't leave it to others to determine whether or not to signal for support of a particular change or to take the risk of falling out of consensus. Eliminate the requirement to have to monitor your pool.
BIP 353
Bitcoin governance is fascinating. There are 4 main actors each with unique powers: miners, developers, investors, and economic nodes. For now, economic nodes are largely exchanges although this will grow in the future as payments take off (merchants, e-cash mints, LN routers).
Lightning Network has product-market fit as the open payment protocol
Lightning Network has product-market fit as the open monetary protocol
"I like what Steve said, the Team Slow & Steady. Very conservative. Slow & steady development. And iterate over time." - Odell
h/t to AJ Towns for his thought leadership here
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