zax_cloud
Zax_Cloud

https://q.zax.cloud

Admin for zax.cloud LN infra. Interested in: decentralizing LN; privacy enhancing tech; emerging sat liquidity markets;

Public Key

npub1gd2ht9zhayycyeakdenxlnf8me077e3lx4pnq0sn6t4s5qexhphseufm0a

NIP-05 Address

Profile Code

nprofile1qqsyx4t4j3t7jzvzv7mxuen0e5nauhl0vcln2ses8cfa96c2qvntsmcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsuapr85

Publishing to

offchain.pub

relay.damus.io

nos.lol

Author Public Key

npub1gd2ht9zhayycyeakdenxlnf8me077e3lx4pnq0sn6t4s5qexhphseufm0a

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Last Notes

2024-03-27 05:31:51 GMT

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Love this track. I got into and developed a lifelong love of Bowie from Trent/NiN from this. You can hear his the influence here. Love the industrial percussion.

2024-03-16 17:04:08 GMT

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Wow. Claimed instantly. Impressed.
Maybe Nostr is the real dark forest.

2024-03-16 17:02:25 GMT

Rescued some sats from the eNuts mint. If you were using the beta, get your funds out now. The shutting down of LNBits demo server will lead to loss of control of funds.
I was not able to withdraw the last 2 sat from the mint, so here it is — a 2 sat ecash token to a beta mint that will be shut down end of March. Have fun!
Ecash token leak (never do this, this is equivalent to leaving bitcoin on the sidewalk. This 2 sat demo is to see if it gets claimed before the funds go to LNBits):
cashuAeyJ0b2tlbiI6W3sibWludCI6Imh0dHBzOi8vbGVnZW5kLmxuYml0cy5jb20vY2FzaHUvYXBpL3YxL0FwdEROQUJOQlh2OGdwdXl3aHg2TlYiLCJwcm9vZnMiOlt7ImlkIjoiT3k3RnVGRGFzaHpvIiwiYW1vdW50IjoyLCJzZWNyZXQiOiJ0U0R4VWpJTk9rSWJZOERpZDNKbE9jbFo0UkV3OTFtZFdxRnIvVlM4QkNJPSIsIkMiOiIwMzVlOGZkNzg0OWUxNDM4ZGM4NmRmMWI2MDgyNjM5YTU4OTQzZTI0NTZmMjgyZTU5NTJmNWIwOTQ2ZDQzN2UzMzAifV19XSwibWVtbyI6IlNlbnQgdmlhIGVOdXRzLiJ9

2024-03-16 16:54:26 GMT

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Thank you for posting this. I have rescued my sats from the beta mint. I think you have a very interesting product and look forward to seeing where you go with ecash protocol development.

2023-12-23 16:56:53 GMT

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Arrived! Thank you!

2023-12-20 19:37:09 GMT

Devils advocate: Why is a Bitcoin ETF more desirable than say, WBTC or RenBTC (answer obvious on 2nd, but let’s assume it worked today. lol. [That rascal SBF really fsu])?
Both tokens had a trusted or semi-trusted redemption in-kind process, central exchange, Dex and hybrid compat. Composability. There were even interesting financial products attempting to extract yield algorithmically. ETF has one of this, except fiat cash redemption.
I remember when the eth jokers were saying eventually people would be all be trading BTC through erc-20 because economics of tx. Now we are talking about moving sats via liquid.
We really are all absurd

2023-12-20 19:31:19 GMT

The SEC neutered (for now) the Bitcoin ETFs by not allowing in-kind redemption. If all you are required to do when a customer wants their corn, you borrow more fiat, the thing is flimsy. Gotta keep the fiat the ponzi rolling. Surely a sovereign wealth holder won’t recall 100ks BTC in one shot?… we can just borrow more dollars to make it go away…
Only when you can trade your brokerage database entry in one of the ETFs, for the equivalent in actual onchain sats, it’s just more paper coin. This may playing out like the Gold ETFs.
Sure. Have your 401k in Bitcoin ETFs for the sick alpha denominated in fiat, but end up being stuck in retirement with disproportionately more worthless fiat.

2023-12-19 15:37:04 GMT

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It’s a force close. Could be due to HTLC on expire, could be one side publishing an old state. It’s often automated by the node software, and not a conscious human actions. It happens. State gets corrupt, node tears down a channel to restore a known state. I have had several, out of my control, costing me lots of sats :-(
This all demonstrates the lack of sustainability of Lightning. The bleeding of sats will continue until the spam goes away. The fact some morons can break Lightning for $60 worth of jpegs shows you this tech isn’t working as expected

2023-12-19 05:41:34 GMT

This might be an appeal to authority, but if someone with high Bitcoin and Tradfi credibility; like Saylor or @npub1sg6…f63m said publicly that Bitcoin as a project is too important to go off track hosting arbitrary data - we have known for many years it’s possible, it’s just most of us know better not to do so. It’s a cultural issue, not a technical issue. It’s a lack of respect for building something good.
Way too many people out there don’t even know why they do what they do.

2023-12-19 05:34:08 GMT

Why is a time chain enforced data storage needed for jpegs? Or other random out-of-context strings? It isn’t. And it’s worse, it’s actively harmful.
If it doesn’t relate to consensus, or the claim to sats, it doesn’t need to be on chain. Every byte should interact with the client, be efficient!
Storage is not for the blockchain. Using it for storage is an attack on the integrity of the ledger.

2023-12-19 05:06:18 GMT

Non-Monetary use cases, like eternal storage, will eventually out-price monetary use cases, there are many more cases and often and have a different fee heuristic. Eternal storage can be especially insidious because losing 98% of an UTXO in fees is acceptable for that use case.
This out-prices the rational monetary user who is seeking a reasonable fee to transact funds.
Myself, and other Lightning operators are bleeding millions of sats with these fees. Channels are not getting reestablished. Eventually all liquidity concentrates, and payments fail.
If this continues, myself and others may shut down their nodes, further concentrating the problem.
Not feeling especially bullish on Bitcoin right now.

2023-12-15 04:58:41 GMT

Had a channel Force close (channel not created by me) drain my node onchain funds burning most of it in fees for the CPFP and HTLC timeout.
Cost to me was about 280k sats.
Total value recovered from force close about 50k sat.
Something is very broken here.
We need to fix these fees, because this is highly uneconomical and a risk to funds at 600sat/vb. Makes me not want to run an LND.

2023-12-09 00:30:02 GMT

Alternative clients are a menace. Satoshi warned us of this — the fact we have such a schism with CLN/LND is unfortunate, and I have seen first hand compatibility issues and loss of funds scenarios with LN. Luckily implementation differences are usually peer to peer problematic, rather than network consensus level problematic — but with the base layer, there can be only one.
Development efforts should be concentrated on layer 2.
The developer of a “prominent” alt mainnet client recently started a pool and is accepting user hash to mine blocks based on its templates.
I wish nothing but the best for the “Tonal Bitcoin” altcoin when it eventually hits a consensus breaking bug and forks off the Bitcoin blockchain. Please patch for replay attacks!

2023-12-08 22:20:46 GMT

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I paid the 100k sats just now but I notice there was no BTCPay order ID associated with the invoice. Payment went through but no change on the payment screen. Hope you got it and can tag me as a mortal. Also cool tshirt ❤️

2023-12-08 19:05:49 GMT

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Turns out this was a thing on iOS. No problem. I think I’d like to donate to get one of those beautiful T-shirt’s!

2023-12-08 18:50:50 GMT

Hey @npub1xnf…lpr5 I went to pay at pubkey last night and the new Zeus app had erased my remote LND config and I was not able to pay in sats. Launching it now just starts a local node. I can reconfigure the remote node but I think it’s a bug that it lost the old config.

2023-08-25 02:16:15 GMT

Excellent, the ignorefeelimits option in setchannel Core Lightning 23.08 allowed my LND node with stuck channels to connect and continue using channels. Previously I have been unable to establish a connection between my LND and CLN nodes since 23.05, and several other peers with channels established when fees were lower. I think the topology of LN will improve as 23.08 rolls out, several of my channels roared back to life. Route sats n bits!

2023-07-09 18:04:34 GMT

I am concerned that various client compat issues between CLN and LND will lead to LN fragmentation and split capital access to the network. CLN has a channel state bug with LND peers offering too low or high fees, and CLN will disconnect them. I have some sats locked in channels between nodes that will autodrop the p2p connection due to this. Maybe will force close later.
There is a fix in the works on both sides, but this will take a while to make its way to the servers. Satoshi, of course, warned that clients need to be in lockstep, and multiple implementations are menace…

2023-07-07 04:35:56 GMT

Ran into an issue between my LND 0.16.3 and CLN v23.05 nodes where CLN will terminate the peer connection with a : update_fee X outside range Y-Z (currently A). The ignore-fee-limit param is currently broken in v23.05 (CLN issue 6362) but proposed fix today. On the LND side, (LND issue 7805) is a proposed fix for the update_fee rate changes. I’m tempted to close the channels so peers can reconnect and reestablish, as it may take time for both sides fixes to make it to the nodes. @npub1wg2…dzaw

2023-05-29 20:29:19 GMT

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Some Glasgow street art. Spent the day exploring the city. https://nostr.build/i/dec52b3c28ac95b8783c94bbbb5b4851871628a426c7fa5601bd9644073592d5.jpg https://nostr.build/i/a60bc1c968c66a08472571ab411794848524718d1d8f445197cdf5ba4447a4df.jpg https://nostr.build/i/d43612d849234c226337c7d436f1537891472bfe34cb78f927eca31f6d0531fa.jpg https://nostr.build/i/f64bdef2c2de68a7874d5fe159f8dbc33e7054f3627d540bcbce3315811af884.jpg https://nostr.build/i/a3c5581b907e455a2b5050a9b6068c9ac9d05b717541b194c404bf95570f89d8.jpg https://nostr.build/i/20edbbd0b69dc4c6f886ddcffaf3b188d2be8102678f0a9b958a91027e4a8069.jpg https://nostr.build/i/14084b4cca3825a86a6a3949c22130642d5d097b5875e2b13eeaf139c8ea3c79.jpg https://nostr.build/i/a92132ad5ffb71bf0d1ba86b780d8701a3b785be60335cb4aade5e49d74e2035.jpg

2023-05-29 14:54:17 GMT

Glasgow is the best city on the English occupied island of Albion. A beautiful city of culture and fun. I hope the brave and strong Scottish people can fight for their independence, project their identity and live free and prosperously in the 21st century.

2023-05-27 14:55:09 GMT

I find myself on vacation in Scotland, visiting distilleries for fine Scotch Whisky (liquid gold) and Castles (power projection and a physical security), Of my many pub visits, I have had a few conversations about Bitcoin with locals. Quite a few folks have played with the tech during the brief Bankman-Fried empire. Folks know the limits of the “kings” money, they have been blown out by inflation and poor fiscal policy during the recent unpleasantness of their fiat pounds. The £->0: it has lost 75% of its value against the US$ since ww2.
The smart folks know what is coming, CBDC with Demurrage — despite the protests that the people will not accept it. The Angel share of 100% of your “pounds” is coming.
My claim is that they have no option, the people will be forced to anti-save for stimulus and welfare. The world is changing. Don’t let it leave you behind.

2023-03-05 19:14:13 GMT

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Might I recommend for the future generations of developers, the testnet coin be distributed a little more widely? Maybe to some kind of development trust? I know it’s “worthless” but such concentration is giving me Popescu fears

2023-03-03 06:37:47 GMT

There is a non zero cost to moving funds from LN to mainnet. Lightning encourages a circular economy, which was the entire point of this space. I gladly dropped just under a million sats at #[0] tonight with a mate tonight to both bootstrap incoming liquidity to my node and promote Lightning payments for day to day payments. Cheers 🍺

2023-03-01 01:45:49 GMT

It’s clearer to me now after playing with this tech that what we (internet denizens) needed was some simple protocols and interoperability.
Federation is for political empires.
Mostly, humans just want other humans to read their notes. Some machines do too. The tweet allegory always seemed fitting to ecosystem of noise but we humans sing and play notes. What is going to get real interesting is the other stuff. For example, that vpn bot is a fantastic idea. I have no need myself but I’d wager a billion or more might. Kinda hard to block one pubkey notes centrally/systemically when others wish to amplify the note and ensure those that need can read it.

2023-02-28 02:31:03 GMT

New Damus is out on App Store. Zaps for all.

2023-02-28 02:17:06 GMT

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Hey, your bar is excellent. I look forward to consuming more ethanol, of which I will trade for with sats.

2023-02-27 20:12:11 GMT

I can’t believe the mempool cleared last night, and now we are back to 20s/vb.
Looking though it looks like most of the big tx are consolidation tx (exchanges).
Maybe the solution was to get Binance and Coinbase to accept LN deposits all along. Eventually idiots get sick of spamming jpegs but exchanges will always need to merge outputs for their internal accounting.

2023-02-25 07:09:07 GMT

Hi #[0] what is your LN node I wanna open a channel. You should publish your node pubkeys on your site too!

2023-02-24 05:01:50 GMT

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That’s literally what I called when I handed over the cc! Love the mobile wallet btw. Def my fav interface on iOS for my lnd node.

2023-02-24 04:33:46 GMT

Went to a Bitcoin bar in Manhattan tonight. Great food, great 80s music. I had already handed my cc over to pay before they told me that they run their own LN node and use #[0] wallet for payment. Next time, those beers and burgers will be paid for with sats. ⚡️= 🍔🍺

2023-02-23 04:26:07 GMT

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#[1] what do the different colors of pubkey in profiles mean? Is it possible for me to get on the testflight build of Damus?

2023-02-23 04:21:20 GMT

@jb55 what do the different colors of pubkey in profiles mean? Is it possible for me to get on the testflight build of Damus?

2023-02-23 03:13:37 GMT

Mastodon is and always was the wrong solution to Twitter. It devolved into flaky fiefdoms of local dictators — Balkanized kingdoms of admins and busybodies enforcing local rule and isolation from those that disagree. It amplifies bubbles and its fragile, unscalable code.
It’s basically message boards communities all over again.
This is something else.
A shared mesh of uncensorable unretractable nonrepudiatable noise relayed around the planet. One channel blasting notes to all that would listen. And there isn’t much anybody can do to stop it…

2023-02-23 01:17:21 GMT

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I like how the pubkeys in profiles in Damus are different colors. Don’t know what they mean specifically, but i think it’s neat.

2023-02-22 06:52:24 GMT

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I had this situation on iOS. Had generated an invoice in another wallet and wanted to send it via paste to another channel. Was still on clipboard, was already paid. I was going to generate an unrelated invoice in WoS, and this popped up. I think snooping through clipboard on startup isn’t great, paste should be a big explicit button or disable auto paste toggle.

2023-02-21 03:03:14 GMT

What do I want to see out of this? A free, censorship resistant, decentralized message exchange medium provided as an incentive mechanism to run L2 Bitcoin technology. It will be the core medium of Trillion Sat financial empires, the rails of daily commerce, and the public wall for troll, spammer and scammer alike.
And this is another one of those unstoppable technologies.

2023-02-21 02:49:24 GMT

I’ve setup NIP-05 and lnurlp on the domain. This account can be zapped now. Will investigate what further enhancements that can be made to an LN stack and nostr. I’ve a feeling this tech is going to be far bigger than we can imagine. ⚡️😎

2023-02-21 02:43:23 GMT

#[0] info

2023-02-20 14:39:06 GMT

It is insufficient to onboard folks to LN by simply getting them to install a mobile wallet and holding sats. They are just staking a claim over some other providers liquid state. The more mobile and custodial users the more centralized the network becomes.
We need more wallet (providers) and we need more channel (self) managing wallets.
We must have new folks build channels, run nodes, build emerging clusters of liquidity and swaps. It is more complex than onchain land, where the SPV wallet is sufficient for most, but it is worth it to understand it’s advantages.
We didn’t build a decentralized monetary network for all the value to accumulate at the top exchanges.

2023-02-20 02:02:00 GMT

I am really excited by this tech, even more so lately. On chain, some jpeg enthusiasts are attempting to add non fungibility to sats, lol!
Mate, down here in L2 we got second derivative sats flows held together by the mere notion that channel delta simulates perfect fungibility.
And also a social media simulation provided by LN and trustless relays. Good days ahead, the sats must flow. ⚡️

2023-02-20 01:20:27 GMT

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For the family, I would be suggest “layer 3” style overlay self hosted wallet/account system like LNBits running on your own LN node. (Analogous to “pocket money = L3”, it’s your money after all). The major lightning wallets are basically just this anyway on someone else’s L2 sats; you are an account in their liquidity network. Getting more folks to run nodes and host their own “LN wallets” is the way we build out this tech!