Justin (shocknet)

No, the argument is if you're going to trust someone, keep that trust local, as in uncle Jim... not big and centralized like an ECash mint so you can be moar private
If ECash wants to shill itself as a payment spec and as privacy, that's EDollar spook bullshit- not Uncle Jim tech

2024-06-05 15:12:56

You'll have a social page for your lightning node that sells various services and displays your trust network
The lightning graph will start to mirror the social graph
This node persona will casually coordinate channel batches to bring on the next billion nodes for practically free
The math is simple
A batch open of 50 channels runs ~2000 vbytes
144k are mined a day
That's 3M channels a day, or 1 billion a year, enough for every business and household on the planet

2024-06-01 22:07:54

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A database account can just as easily be a random set of numbers, that transacts atomically disassociated from other random numbers, logless, encrypted, and so on
There's no difference except that the database is reliable, performant, and doesn't lie to lull users into a false sense of privacy whilest slipstreaming edollars into the bitcoin ecosystem
You are 100% trusting the operator in both scenarios, and you should never trust an ECasher

2024-06-01 21:17:28

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A mint can simply not redeem a token, based on any number of heuristics
And if you're worried about your account getting nuked maybe you shouldn't be using that custodian
ECash is nothing a database account isn't, it's not any more permission-less, or private, or asynchronous, it's literally a server authentication scheme. Transferring it offline is effectively writing down your password for someone.
... claiming it's more than that is being done intentionally by the central influencer agency to astroturf new banknotes being pushed by the government

2024-06-01 21:10:16

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ECash

2024-06-01 21:09:23

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The government wouldn't be pushing it so hard if it hadn't been backdoored for 30 years
No wonder it's got such a huge marketing budget, central influencer agency working overtime on it
https://image.nostr.build/6f52f1d7dd7c549c6fa1114016b39c64b88ace3cd32f5d7b5b1d29d61fa64ae4.jpg https://image.nostr.build/d8774914b30ddab382eb87de82d8a3a95d595ce0628359b6c0edd74e8d8db39d.jpg

2024-06-01 20:56:50

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Very, very wrong.
ECash is literally a server authentication mechanism for an API for a custodial Lightning app.
Npubs, JWT's, Hashcash... all permissionless random numbers

2024-06-01 20:53:37

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Any API can be public to random numbers, that's not an ECash feature

2024-06-01 20:30:24

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For starters super just yesterday confirmed an implementation wasn't even doing basic mitigation for key tweaking (tainting mints to correlate to user metadata)
Even with that mitigated, your still trusting a server not to use its upper hand to deanonymize you... Better to just use a database you trust directly without the bullshit, can always use ephemeral keys for access
We do this using nostr notes only in lightning.pub

2024-06-01 20:18:29

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I do understand how it works, apparently you do not and have just accepted the lies told by the spooks pushing it.
I also explicitly compared to databases, which are capable of any of its properties.
The privacy elements are a farce, just because it uses signatures instead of accounts does not prevent the mint from deanonymizing you and targeting your redemption.

2024-06-01 20:09:22

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It's not private any more than an ephemeral key
It's not permissionless any more than SQL is
It's not offline, it's literally server credentials
Multi-mint === Multi account
Servers can always censor your redemption
ECash is a total larp, and a digital dollar psyop

2024-06-01 19:53:03

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Except that it's none of those things relative to a good old reliable SQL database with ephemeral key accounts

2024-06-01 15:17:53

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This doesn't fix the fact legacy lnurl relies on SSL and isn't meant for bi-directional
Lightning.Pub is the nostr successor to LNURL

2024-05-31 18:43:56

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> why should I care?
So you don't look like a total bozo asking me about onboarding 8BN people

2024-05-31 18:34:45

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And what do you suppose it was an iteration on?
You're simply too ignorant to understand how these things work, if ignorance works for you hfsp

2024-05-31 18:32:40

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Fixed

2024-05-31 18:22:25

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> 8BN
That retarded point again? Anyone who even suggests that as a need is in fact retarded
Maybe get a clue who you're talking to, I'm the original Uncle Jim builder for whom you wouldn't be using Nostr without my prior work on GUN nodes

2024-05-31 18:07:57

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I think Seth is a larp wrt privacy and XMR is one of the most vile shitcoins out there...
But even a broken clock is right twice a day, ECash is a scam taking advantage of morons (just like XMR)

2024-05-31 18:05:14

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> I'm not funding your project
Scared?
You should and then convince other ECashers to do the same, then you could say with a clear conscience that Lightning.Pub is an ECasher funded hypocrisy
🫴

2024-05-31 17:59:13

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You're the one that brought up nationality and religion. Total Projection.
All because you won't admit you're shilling a banker psyop that is of no benefit to Bitcoiners and an attack on Bitcoin as a means of exchange.

2024-05-31 17:49:58

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Easy, he's a lying commie
ECash does nothing for Bitcoin privacy

2024-05-31 17:48:20

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Lightning.pub

2024-05-31 17:47:38

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Talk about projection... You're full of it
Fwiw I think Muslims are great, most of my team are Muslim. Sharia is far preferable to Western leftism
It's almost like there's been an international banker war-machine conspiracy to pit Muslims and Christians and their shared reverence for Jesus against each other 🤔

2024-05-31 17:42:49

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Hahahaha ummm Woooosh

2024-05-31 17:42:14

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Seems he's coping with AU having to decide between becoming a US protectorate or a Chinese colony

2024-05-31 17:40:30

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https://image.nostr.build/aab7ebb4dbe82680a4e0663630ece5d1269d435e03ede66831308b689c5b169f.jpg
Same energy

2024-05-31 17:35:12

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Comrade Calle is funded by US NGOs aligned with the Atlantic Council
Fedi and Fedimint are funded by US vc's and neobanks

2024-05-31 17:26:44

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It's an RFP you dullard
Introduced coincidentally as funding started to rain

2024-05-31 17:21:51

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It's american companies and NGOs pushing the ECash, bozo
https://www.congress.gov/bill/117th-congress/house-bill/7231/text

2024-05-31 17:15:13

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More than I care to
Non-sequitur to the fact that ECash is an attack on Bitcoin

2024-05-31 17:09:04

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Cope harder shitcoiner

2024-05-31 17:08:17

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https://image.nostr.build/cda39d93dc8284dff987d2ab57eaaa39c0d4c1a604a87e9e78b1876540833527.jpg

2024-05-31 17:04:10

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Might start a pod for pro lightning propaganda, would make this a priority topic

2024-05-31 17:02:37

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Pfffft, clearly your not stacker newsing hard enough
If you're so confident donate 1M to lightning pub and we can record a zoom together

2024-05-31 16:59:09

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> 1:1
That's a lie, it's an unplugged promissory note
> Bitcoin more private
Lies, swapping an IOU isn't a Bitcoin transaction.. the mint sees all ingress and egress, big mints deanonymize the larger network
> Bitcoin should be attacked
Indeed, but we should also make note of who the hostiles are
> Digital dollars
Digital dollars aren't the problem, affinity scamming Bitcoin is
> Funding
10s of millions funded to Fedi/mint and grants from Intel front-org NGOs are public info

2024-05-31 16:40:33

ECash is a server authentication scheme, not a currency
It doesn't make bitcoin more private
It doesn't make custodians more trustworthy
The new payment specs associated with it are an attack on Bitcoin, specifically the network effect of bolt11
It's astroturf for the new EDollar
It's a well-funded psyop pushed by spooks, scammers, and their useful idiots

2024-05-29 00:36:51

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Ask the feds funding it

2024-05-28 21:17:14

Your key-tweaked ECash shitcoin is no more private than an SQL Database

2024-05-26 18:20:13

Local free range grass fed 2x4
Big box seed oil 2x4 https://image.nostr.build/eb570668adeb241c4a293c254050d0a91b81e6aa86c037b4d210c4be460d7dbc.jpg

2024-05-19 19:35:51

Thinking about starting a pod exclusively for relentless pro-Lightning propaganda
Who's in?

2024-05-18 14:58:25

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Collected all the Ruger SR series, drop safe with manual safety

2024-05-15 21:51:56

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No, a nostr native successor to LNURL is the correct way because the real need is to bridge lightning to the web.
Tor adds fragility and slowness by onion routing, and makes it harder to reach the web.
Fortunately the Nostr answer is here: Lightning.Pub

2024-05-15 15:34:50

The script kiddies that want Bitcoin to be something ETH-like are the same people simping for ECash mints and Federated custody
That correlation is not a coincidence

2024-05-15 12:45:12

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Because it's a shit reimplementation of Tor, slow and unreliable, only being pushed by ECashers

2024-05-14 17:58:06

ECashers are scum
Smash ECashers
Destroy ECashers
Roundhouse kick a ECashers into the concrete
Slam dunk a ECashersr into a trash can
Banish filthy ECashers
Launch ECashers into the sun
Trap ECashers in quicksand
Vaporize ECashers with a space laser

2024-05-11 19:06:08

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Because setting up a server isn't as easy as installing an app, pub makes server setup easy cheese.
Non-custodial mobile is a wasted channel, more pubs = family nodes... Not large custodians.

2024-05-11 18:49:33

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Probably giving priority to ECash bribes from NGOs

2024-05-11 18:41:19

You don't run an email server on your phone, or any other kind of server, because that's retarded.
And Matt suggesting that Lightning's path is mobile is gaslighting bullshit
Mobile nodes are DEAD. Phoenixd, Breeze Greenlight, even mutiny-server, are your pivot signal.
And now Lightning.Pub is the p2p Nostr overlay for servers.
#nevent1q…pmxr

2024-05-11 17:48:43

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> mobile lightning with an LSP
No, this is just stupidity and/or gaslighting... mobile devices aren't meant to be servers.
A p2p Layer for Lightning servers has emerged, Nostr: http://Lightning.Pub

2024-05-11 13:26:34

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It's Tor all over again, slow and unreliable, will leave new users thinking UX is naturally terrible
It's being pushed by the cloud-focused implementations who can own all the communications traffic

2024-05-10 23:10:50

On Lightning Pubs vs. shitcoins mints
#nevent1q…j9sn

2024-05-10 22:19:50

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Can do that today with lightning.pub and ShockWallet, and no shitcoins!
But you knew that already 😉

2024-05-09 15:40:41

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And that was just bandwagoning jacks web5 nonsense

2024-05-07 17:28:54

In fairness I think a lot of ECashers are for the Uncle Jim model
They're just naive and can't read between the lines to see how it's an attack against that

2024-05-07 15:09:38

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Front running of the media narratives before he takes political office

2024-05-07 14:58:13

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Mints bad, lightning.pub good

2024-05-06 20:54:22

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* privacy
Equal, identity is ephemeral keys, and the anonset is the common limiting factor
* centralization
Better, Pub is designed explicitly to be light and easy to run and more p2p aligned where cashu is more client-server aligned
* custody
Better-ish, it's part of a larger stack to bootstrap self-custody and the nevents can function as an audit log. It's equally ruggable, but less fragile without an ECash gateway handling swaps
* immunity from state attack
Equal to better, this is ultimately downstream of centralization. Pub is Uncle Jim tech where mints are institutional tech
* etc?
The more comprehensive stack is to solve a number of issues with lightning tooling, not just throw a shitcoin over it. Pub enables a bi-directional nostr-native successor to lnurl, a performant and reliable alternative to a Bolt12 dystopia, and presents a divergence from flakey and expensive mobile nodes
Pubs design is wholistic, built along side other parts of a comprehensive platform including ShockWallet, LightningVideo, Sanctum, and more to come: shock.network

2024-05-06 20:32:01

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Lightning.Pub

2024-05-06 20:11:35

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Thanks for the mention
No funding- this is a lie as Cashu has received considerable funding from some extremely sus-aligned NGO's
He also hasn't answered to the fact he pushes it as a payments spec. Were it simply an account-less Uncle Jim API he'd have some standing

2024-05-01 22:38:54

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Analogue of a BIP would be a bLIP... so the comparison would be fair if it called itself blip12
In anycase, they're both perverse

2024-05-01 00:34:35

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Agreed it's useless shitcoin tech, but it's also not pretending to be a lightning spec...
I just ignore it, it's a separate daemon- not a trojan horse into existing implementations

2024-04-30 15:34:24

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🚩🚩🚩 Bolt12 is basically a reimplementing of Tor, a poorly designed and unreliable transport abstraction over Bolt11, and an assault on its network effect.
Transparent in its peddling by neobankers, otherwise a trojan horse for scaffolding native shitcoin support in lightning wallets. Bad stuff.

2024-04-28 04:13:28

Please not ShockWallet
#nevent1q…9nle

2024-04-28 04:08:03

They're obviously trying to KYC nostr relays
https://torrentfreak.com/u-s-know-your-customer-proposal-will-put-an-end-to-anonymous-cloud-users-240425/

2024-04-26 22:41:11

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No, in saying the guardians can't stop the seller from rugging you.

2024-04-26 01:06:48

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It's valuable to the operator in scamming the user by making them think the trust is distributed. That is it's usecase.
If you want to claim its useful for scamming the regulator, that's fair, but don't pretend its any better than single party custody to users.

2024-04-25 17:40:26

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It's one server providing the API, it has several vectors for unilateral rug
These products aren't raising hundreds of millions from large custodians to benefit you, they're scams like every other shitcoin

2024-04-25 15:43:26

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Federations are one trusting one person
That's the point
It's all a larp, that's the scam

2024-04-25 03:57:01

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Custodial* for small amounts yes, federated is just how you know the custodian is either a scammer or not qualified to run reliable infrastructure.

2024-04-24 21:21:32

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It's easier to scam some people than it is to convince them they've been scammed

2024-04-24 19:27:09

Trigger warning
https://stacker.news/items/517245

2024-04-24 01:31:43

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ShockWallet.app

2024-04-24 01:14:20

"Federation" is scammer nomenclature designed to mislead non-technical people

2024-04-20 20:19:52

Some seem to think that Lightning will simply be a settlement layer between other payment systems
This dystopian view of incompatible fiat payment specs shows that they have learned nothing about network effects from L1 Bitcoin
No coincidence they're all shitcoiners

2024-04-19 21:13:24

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That's the design objectives, use NGOs to astroturf it as a Bitcoin affinity scam until the US Treasury is the default mint.

2024-04-19 21:09:36

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It's not a threat to Bitcoiin itself, but it does harm like any other scam scamming that diverts resources away from honest developers.
Bitcoin will persist and triumph regardless as a means of exchange, and the silver lining to ECash is it will put a spotlight on the clowns and scammers in the space that peddled it.

2024-04-19 21:03:04

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I don't think you're missing anything, it's no coincidence that bitcoin as MoE being bad for the state means lots of high-profile people are going to gaslight us in saying it's not meant for that.
That's why it's important we keep making Lightning better and shame the fake Bitcoiners shilling ECash for a paycheck.

2024-04-18 18:34:44

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It must be both, if something isn't property then it is useless as money because no one would want to receive it for their goods/services.
It's p2p cash because you can transact said property without 3rd party paper, that's a nightmare for the state

2024-04-18 18:23:09

Bitcoin as a savings vehicle is an acceptable outcome to the state, it's easily captured via institutions and can act as a foreign reserve for treasuries
Bitcoin as a means of exchange is not an acceptable outcome because it enters the economy at large, there's no controlling that
Pay careful attention to the massive campaign for ECash for payments and the coordinated Lightning FUD used to sell it

2024-04-13 16:56:29

Streaming bitblockboom
https://lightning.video/f641a4df615851707cf1a490959bb15ad566cb0620ee1b300049bc4fdd5c6366

2024-04-12 23:34:14

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It seems to be more of an ECash slush fund than anything else

2024-04-07 23:28:59

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Isn't it a CBDC expo now?

2024-04-07 23:10:49

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Shitcoins don't make Bitcoin transactions private, and private IOUs like ECash have an insignificant anon set
Delete this, you've been scammed

2024-04-03 14:40:09

Got an extra @bitblockboom ticket, if you'll be in Dallas and want it hmu

2024-04-01 17:05:26

Goodbye Lightning.
Announcing our pivot to digital dollars
Thank you to all the NGOs and Neobankers for the no strings attached funding for our new Bolt12 based ECash platform
Bitcoin is dead as a means of exchange, scaling with fiat is the way!

2024-03-22 18:14:09

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See above.
Cope harder.

2024-03-22 17:51:00

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Lol, sure ... What you called "baseless conspiracy theories" are proven correct, seems to be a pattern...
I hope fiat maxxing brings you fulfillment

2024-03-22 17:34:50

A positive development in that the fiat maxi spooks are finally showing you who they really are, the mask has slipped
#nevent1q…jp2v

2024-03-06 17:04:46

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Batch opens like LND has had for years

2024-03-06 16:44:11

HARD FACTS:
There's no such thing as a "shared" UTXO.
Lightning scales Bitcoin's throughput infinitely.
We can open billions of channels with current batching tech.
Lightning is simply not the bottleneck.
Unfortunately, the shitcoin mindset cannot fathom the success of Bitcoin for simply being what it is- and not what they project it to be. Bottlenecks must be contrived based on nothing but the urge to signal ones virtues.
Every few years we must endure these recycled and absurd projections of scale and functionally, coordinated in an "art of the deal"-like approach for forks that serve no purpose other than to paint Bitcoin as something malleable, bifurcated, and unstable.
Predators lurk where prey are abundant, as proven by the most recent wave Fake Layer2 scams and Neobank-NGO's, sucking up Lightning developers to implement rails for digital dollars and other prom notes.
Such machinations are predicated upon the narrative that Lightning is somehow inadequate for Bitcoiners, despite the fact that it is literally reusable Bitcoin transactions ad infinitum.
If you cannot afford a UTXO, you must trust others who can. There are no exceptions to this, it is a fact of Bitcoin's workings, not an opinion. Abstractions claiming the contrary are simply not Bitcoin, they are credits, aka shitcoins, which already exist in spades.
Lightning can only be inadequate if you never accepted Bitcoin for what it is in the first place, so go enjoy your shitcoins.

2024-02-26 20:22:52

I guess you could say that lightning.pub, by using Nostr for it's RPCs, is the first implementation of NO-Cash 🤯
- Signed events between a user and a pub are attestations that could be used in disputes
- web-of-trust distribution
- Private ephemeral keys
- Programmable
Reject shit-cash, demand no-cash

2024-02-26 18:37:56

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Neobank incentives at work, spooks gotta eat too
They're dining out on all the shilling of ECash and VCash

2024-02-26 16:39:50

Fuck the Neobanks and the spooks they rode in on

2024-02-25 21:27:57

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Covenant tokens that we *need* for "scaling"

2024-02-25 21:14:08

Hard to tell which is more insidious, the bizarre pushing of ECash or VCash

2024-02-20 15:56:08

Bitcoin's only absolute scaling limitation is from dust UTXOs, which is a function of the 21M supply cap.
Changing supply is a non-starter.
Forkers appealing to scaling are therefore either morons or spooks astroturfing for a future of not-bitcoin.

2024-02-12 18:47:55

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Liquid and ECash are affinity scams, applications at best, not layer 2.