what interests me in particular is how Mr. Average will perceive lightning networks and how they'll be sold to him.

It's conceivable that users may choose to delegate absolutely everything to third parties. they might buy with fiat directly into already existing channels run by an exchange or coinbase equivalent and expect all channel management to handled by them as well.

even now with all the cool tools to hand, many, many people are too lazy and dumb to spend a few minutes learning how to take control for themselves and that's with something less complex than this.

i'll be the first to admit i don't understand a great deal about it but for now it still looks like a very cool experiment, not the savior of everything.  

Well the topic is complex, but one simplified soundbite is that transaction fees will become too high on-chain for users to open HTLC payment channels on-chain, and thus they will be forced into fractional reserves which is what European Central Bank thinks they might do anyway, even if they could afford to open a channel on chain:

I havn't seriously gamed in over  a decade but the mods sound like they had a lot of thought put into them so this might be worth a try. Whats a good link to a gameplay explanation? The last RPG I enjoyed was NWN with the nephew. Now the only games I keep up with now are 4X and things like battletech and I go back and play MOM, MOO,Xcom and Dungeon Bowl II for shits and grins. Hmm, I may have to jump on a dungeon keeper game for the hell of it later, bullfrog was the shit.
There just is no depth in games these days.

If anyone needs something to do while waiting for shitcoins to implode to zero and for physical silver and gold to go up, I just released the mother of all content mods for the game Divinity Original Sin 2:

https://www.nexusmods.com/divinityoriginalsin2/mods/388

stupid france. bitcoin and WO was without doubt pro belgium!

Too many words

Lots of wasted time in the clink, too. Not that I'd know anything about that.  

This month seems to have been really good.

My blockchain analysis puts him heading off to a beach in Patagonia. He must be on holiday already.

OT: I don't quite understand MP's holy war against Core/SegWit. If anyone has an opinion, or a link so I don't have to go fishing, that'd be cool.

It's perfectly safe for every work environment from the 1960's and prior, and the majority of present day confederate states of the union, with the exception of Bob.  If you've accidentally wandered into a neo-Marxist hell run by Jews such as NYC, both Washingtons, or California, you will either need a time machine or a car.

I remember an election or two hence, when he won 3rd place in one of the states... and the news reported number one, two, and four, pretending he didn't even exist.

He is one of us.

It means you don’t need SEC approval to launch an ETF so long as your ETF meets certain conditions.

It’s not clear to me from the statement whether an Bitcoin ETF could meet the conditions.  I don’t need to explain the consequences.

Good point but I really dont think it will reverse order to that extent.  The follow up to USD reverse system based off political debt will be another form of FIAT currency operated by the IMF which is called SDR and the IMF does have some gold but this wont be formally linked either or even close to informally backed by reserves.   Politics will keep on operating or attempting to extent control of populations income and capital.

IMF also said they might operate an online version, the dollar is currently digital imo anyway so I dont see thats anything special really.

Anyway my point is I think it'll always be a mix of national currencies and possibly we see a rise in precious metals and also crypto is used more as well especially for fast transactions.  It wont be a great big switch on of crypto imo, they'll be competition between them all and upsets as one sector tries to undermine the others perhaps.


I think Australian dollar could rise alot, giant natural reserves not formally but just because their country is massive and they have few people and afaik not that much debt.   Any rise in commodities and trade relating world currency would favour such an economy.   I guess also Canada similarly but they have more debt, ties to this old system.    Ive never thought crypto will rise singularly.



My own personal take was the protocol for bitcoin even though its open source was designed and initially constructed by a group of people or at least keys were split up and shared to various wallets such that no one person had sole control.   Thats how I explain why the coins were never moved.   They had more invested in the success of their work then simply taking out the value which would have undermined it, splitting responsibility would be standard practise in software engineering procedure I think.      

Its natural for the public to attribute success or the image of a new dynamic product to just one person like how Steve Jobs was Apple or whatever.   Sure important key people but I wouldnt presume it was just 1 person who decided its fate alone, Apple fired Steve Jobs if I remember right and I just think this Satoshi name thing is just like a reference or code name for the operation more then literally his inventors name or nickname even.  Could have been a women of course, the best cover.  I dont know if anyone has gone through each post and communique under his name and checked its duplicate in style.

Based on the results, Satoshi who had written the Bitcoin paper may not be the same Satoshi who had exchanged emails. Satoshi Nakamoto may possibly be more than one person; Satoshi Nakamoto is a pseudonym for a team of computer scientists and cryptographers who were involved in creating Bitcoin and blockchain. Nick Szabo and Ian Grigg are the two authors who are linguistically similar to Satoshi Nakamoto in the Bitcoin paper and his email texts, respectively. In addition, Wei Dai and Timothy C. May are two potential candidates for the Bitcoin paper in terms of semantic similarity. Hal Finney and Ian Grigg are two possible candidates for Satoshi’s email exchanges. Since it is a known fact that Hal Finney had interacted with Satoshi Nakamoto via email, Hal Finney should not be included in the list of possible candidates for Satoshi who exchanged emails; Ian Grigg is linguistically and semantically similar to Satoshi Nakamoto. Therefore, the possible candidates for Satoshi Nakamoto are Nick Szabo, Ian Grigg, Wei Dai, and Timothy C. May.

And that is being said by a guy that even if he's not Satoshi himself most people agrees he could perfectly had been. Additional layers are the only way to really scale orders of magnitude from here.

Visa is a not only a second layer (for the banking system) but a third party completely centralised one. Bitcoin can perfectly compete with that while being decentralised on its core... but only with adding L2 for "caching" the mass of small payments before settling on main blockchain. Also the only way to make those payments "instant" which is a must for most consumer payments.

pro tip

do NOT google duck sex

I mean, it's a sexually transmitted disease. Should be fine to eat.