there are going to be (minus off locked/lost bitcoin) about 15m bitcoin still circulating when all coins(21m) are mined

lets call it a worse case 15m left in circulation after all locked/lost access coins are ignored

thats 1,500,000,000,000,000sats
lets imagine a near future 10million population
that means each person if treated equally would be

1,500,000,00sats each which if 100sat was $1= $1,500,000 each person equally

or the $1 for 100 sat means
$15,000,000,000,000($15 trillion) for circulation

cash is artwork patented by the government. its their property that they can inflate, seize or take out of circulation. bitcoin is not like cash

bitcoin was better when it was private property(2009-2014).. before it was declared money and financial laws started marginalising bitcoins utility with services.

but even classed as money, bitcoin is better then cash.

but just keep in mind, now its declared as money it means financial laws DO apply. so research that
its not government property but it is in government jurisdiction(regulations)

i see it as a 4 phase process

1. find a problem/create the niche
2. roll with it as a side job/hustle/hobby to see market reactions
3, listen to trial feedback/critique. tweak/tune the idea to meet needs better
4. formalise/expand it by starting a business

all stuff said by cryptosize has nothing to do with wht LN is a failure.. he wants to ignore LN problems

and he thinks people need to wait another 7 years
he has yet to approach the period where he realises MATH and LOGIC shows LN has a liquidity bottleneck problem the more popular it gets. thus wont become popular due to its design flaws

oh well give him 7 years for him to figure it out and realise he wasted a decade on hopes and dreams and broken promises.. promoting crap

firstly bip39 is not private key.. its "seed phase" storage. and even today i prefer private key storage, not seed phrase.

secondly
bitcoin actually worked from day one. it didnt need several installs and scripts to link several instals together. it was just one install file and job done. it had a easy to use user interface from day one.
UNLIKE LN

also LN has had 6 years and yet things like avalance has grabbed more locked btc liquidity in 2 years than LN managed in 6. get it yet?
heck even WBTC has 30x more locked btc liquidity than LN.. get it yet


whilst idiots are saying bitcoin should not evolve more transaction count until LN gets popular. LN is already failing the "get popular task" and so that benchmark requirement to then allow for development of bitcoin onchain scaling needs to be dropped

the whole "just be patient" response about why isnt bitcoin scaling. is lame and a dead excuse. bitcoin should continue evolving for bitcoin onchain ease of use not for creating features for dying subnetworks that will never prosper

if you really want a subnetwork for the niche things you think LN should be used for. its time you realise LN wont prosper those results and you lot should start a fresh clean network with better code and less flaws. learn from your mistakes.

in 2021 you lot tried to bring LN back to life with the el salvator project.. 3 months later it died. el salvador pushed LN into a metaphorical volcano

2022 you lot tried to defibrillate and bring LN back to life with the african project.. and already they are trying to throw it in the river to drown..

if you cant see that when people try using it they have bad experiences and headaches so drop it when they had enough.. its time you accept defeat and start again with something new without the flaws people tell you..
its not time to ignore the flaws and just repeat snake oils sales pitches promising mainstream utopia

LN will not scale because LN hits a liquidity problem when more then average users try suing it. and LN cannot fix the liquidity bottle necks due to the design of LN

what you dont realise about doomad is
a. he advocates bitcoin fees should go higher
b. he advocates that bitcoin should not expand to allow more transactions per block

he does not want more people using bitcoin

he wants people to use LN instead because thats where he hopes to get rich. by charging people fee's for routing through him

as a side note he kisses ass of schemes that have flaws becasue he is a penny scraper. hoping if he kisses ass enough he will be seen as loyal and be offered a job with them(not formally because that means he will lose his disability benefits) so he wants unofficial jobs 'under the table'

he things anyone against greed must have suffered trauma..
reality is i am independently wealthy to not need to scheme and scam and recruit idiots . i dont need to kiss ass. i dont need to penny scrape with sig campaigns

i could understand it if doomad was just poor and was just looking for a job. but he goes to the extremes of only promoting scammy things designed to cut people away from their value.
he chooses to suck up to things that dont help the community enmasse, he just promotes things meant to screw with people for profits and side deals/back handers

he wants to break things if those things then make his preferred system more propositional.
he loves the bitcoin bloat he loves the high fee's he loves the transaction scaling restrictions/delays/avoidances

he does not care about evolving bitcoin to be scalable. he just wants people annoyed by bitcoin soo much that they end up using something else.

its good to see mining farms partner up with power generation companies to get best deals on electric. thats business savvi..

for others less notable. just living and running your asic in a region where power is generated from a hydro dam or nuclear power means they too are running green. without needing a contracted partnership. thus its not new to be 100% green asic farm.

for decades many asic farms have been deciding where to set up their asic farm warehouses and for years many have already decided to set up in regions powered by renewables.

but with that all said
having a formal partnership agreement with ownership stake involved between power plant and mining farm.. structures the deal in such a way the government cannot easily just force a power plants hand to stop supplying said mining farm.

doomad your the idiot that wants to take choices away.

you want people to stop using bitcoin
you love the fees going up thus forcing peoples hands
you love the dust limits and other things that mean people cant just buy small priced items using bitcoin

heck you even love the consensus being softened so that people have no choice thus to let crap happen on the network.

oh and if people do want to ask for practical features.. you are the first to tell them to F-OFF and go play with that option on another network

you are not a supporter of a decentralised network of unity and consensus approach
you are a supporter of chaos and central control.
and as long as it brings you greedy profits at the cost of other people you dont care about other people being pushed into things that make you profit

like the services you promote so much. that DO harm others.

its funny that you think that someone needs to be traumatised to spot idiots and spot scammers and spot systems that dont work.. to then have the ability to call them out

is it because you never realised you are caught in a scam until you got kicked in the head. and you only dared call out on your scammer brotherin after they hospitalised you, or something?
are you scared to tell the truth out of fear of being traumatised?? is that it. are you afraid to go against things becasue you fear being hurt?

is this why you are not realising your advertising crap broke stuff like LN and mixers. because you have yet to be kicked in the head for your morals to be triggered enough to stop?
is it trauma that you think is the only way that you will stop?

here is a lesson.. outside of your echo chamber buddy group.. billions of other people dont need trauma to assess risks and decide to avoid things.
but for you, i think the previous kicks to the head may explain your mindset of why you toe a echo chamber line of promoting risky crap that makes other people lose value and your afraid to call out the risks. you would rather remain in stockholm syndrome, kissing the ass of your abusers

i would not suggest this
i would suggest the 66-33 method

most essentials(bills) add up to 66% of income especially for low income people
the other 33% is for investing. where by. when investments yield profit. then use the profit for the "wants"

EG
imagine your min wage is £$10/hour ($1.6k a month) $1.066k goes to your bills and such and $533 goes to investments.
in a year you have $6.4k invested.

use the profits above $6.4k to then buy anything you want next year but keep the main stash to produce more profit ongoing

EG if you bought $533 of bitcoin in november, december january
N= $533 @$16.5k = 0.0323
D= $533 @$17.5k = 0.0305
 J= $533 @$21.5k = 0.0248

bitcoin total for Qtr= 0.0876 =$2480.77 today for $1600 meaning you can spend ~$880
and still have at todays price $1600 left in bitcoin

ofcourse. you can then ask do you really need /want to take out $880 of your stash to buy things you dont need. to then decide you you want to maximise more profit in future or just keep accumilating and taking bites out when you make small profits along the way

..
notes about investment
gold and real estate are at a HIGH. never buy high

also unless you have enough investment to buy a whole house. dont be fooled into buying time shares or other share products of real estate. because you end up also having to pay other costs along the way.

gold is on a high. so now that diesel is getting cheaper so will gold mining and also people will be seling their jewellery meaning the markets will saturate and so supply/demand shifts negative to mean gold will more then likely DROP

bitcoin is at a reasonable low compared to last 2 year history. so has more upside

buy low sell high

there are many niches.
the first trick. is find the problem

most people complain that there are not any/many bitcoin services in their region.. this is not a problem its the trigger of a solution

if you cant buy pizza using bitcoin in your town.. there is your opportunity. offer financing(exchange) service to a pizza place to start accepting bitcoin. or open your own pizza place that offers bitcoin

years ago i done this. i started simple. knowing that the retailer was legit and trusted in community and bitcoin usage was going to start slow. i simply gave them a "bartab" upfront of a reasonable amount of cash and a QR code. if anyone asked if they accept btc they simple show the QR code . the customer pays that address and the retailer simply takes the cash from the tab and puts it into their cash register. the retailer knows they got paid and served a happy customer.. there was no drawback as the retailer knew they would not lose out on money or customers. thus they easily accepted the trial

then when it got popular you set them up with formal exchange or set up a better contract with the vendor to service them more officially

if you know about the technicals but see there is not much discussion in your region. you can set up coffee mornings/meetups and if it gets popular seminars/conferences.

people like novelty items like metal collectables. you can see if there is a medal/trophy/coin engraver locally who can create bitcoin metal coins. which you can then sell
hats, t-shirts, etc

local tutoring for academics wanting to study crypto

.. so first step is to find the problem locals want a solution and become that provider

there are lots of side hustles
ive seen businesses complain about the price of printer ink. so someone came up with buying ink refills and sell them cheaper than branded(but profitable for the guy).

even things like businesses not having good catering in their employee kitchen area or old people that cant cook for themselves. . simple things like reselling food.

there are many niches. just need to find them and usually you find them in the most mundane places

simply:
find a problem. become the solution

personal finance and macro economics are both puzzles

many people do not know how money is created or how governments operate to shuffle money around or why certain economics works. it takes alot of edges cases and seeing all sides to put the pieces together to see the whole picture

as for personal finance. you may think little pieces dont mean much, but if you save them up you soon learn they combine to be a big thing. but many only see the big picture once they met their goals. they get frustrated and lose desire to continue during the process. they see no end to their attempts at first, they dont see the point, which is why most just dont bother even playing

a. most miners(asic/workers) dont get fee's, the pools keep amounts equal/above fee's
b. ordinals dont pay fair rate tx fees anyway many are seen paying 0.5sat/byte instead of the rest paying 15sat/byte
c. taking upto all blockspace for one meme does not help utility of bitcoin. it annoys people that 2000tx dont get into the next block but the 1 meme did
d. ordinals in NO way has helped bitcoin. its not even an NFT
e. ordinals that dont get into blocks still push pre-confirm transaction out of potentially getting into blocks by ordinals filling up mempools thus forcing other tx out of mempools when mempools breach a X00mb limit set by their nodes

mining pools take a cut
EG
antpool has two offerings
a. PPLN antpool keeps the tx fee's.. workers take the blockreward
b. PPS+ antpool takes 2% of fees and 4% of blockreward


PPS+ is the offering where a asic worker 'might'(their wish/hope) gain something from fee's, by asking for a bit of the fee's instead of the PPLN option taking the fee's

lets imagine a block of 4mb of 1 meme paying its 0.5sat/byte
thats 0.02btc
antpool(PPS+) takes 0.0004 of tx fee 0.25 of block reward (0.2504 total)

simple math: meme gives 0.02 into the pot. but antpool cuts out 0.254 from the pot. thus workers lose out more if they opt to want a fee share

meaning in both cases antpool keep more then the tx fee if you add it all up and take their cut away in both situations because

b.(PPS+) the fee's from the ordinal are 0.02 but antpool took 0.254 away from asic workser
a.(PPLN) antpool took the 0.02 of the tx fee
thus those asic workers dont gain from increased fees they might aswel just PPLN and just take their share of only the block reward

yep fee's would need to be for a normal average tx payment filled block of 1.5mb be paying 17sat/byte to BREAK EVEN to what a pool owner takes as their cut..
for the workers to then NEED MORE THEN 17sat/byte to then be see a noticable difference to the shared income on PPS+ they get after the pool owners cut

however an average tx of 500bytes@17sat/byte=8500sat =$2.41 which.. is making people not want to use bitcoin as much for payments. thus spiting the users inspite of the workers

what workers actually prefer. is not a fee market rise to get income. but the spot price market rise.. though lemming that want to advertise other networks prefer fee rises to make people hate using bitcoin

when people take out a loan. they have to then put money aside from their limited income to repay their loan ongoing afterwards. meaning they have to waste less money to afford the repayments

people need to pretend they already have a loan and put money aside to save. pretending they are making repayments where instead they are actually accumulating savings. thus then not need a loan because they have accumulated savings

dont just spend your money and then say its ok if my household items break i can take out a loan because i can afford the repayments.. instead act as if it already broke to get your mind into putting money aside as if you are repaying a loan but instead saving that money. so that when it does actually break the money is there..

if you want to invest that money to make it self accumulate to more value to speed up the benefits of saving. put it into assets that are at their LOW. dont invest in things that are highly priced compared to recent history buy low to then sell high

bitcoin is at a low compared to its 2 year history, where as gold is at a high. so best bet is buy bitcoin not gold right now

they key very first thing is this

finding a niche
this is where you know something is needed by many people. then you come up with an idea/solution to fill that need.

there is no point having a business that just does the same thing thats already very popular because its already being served and needs already met(saturated market).

by finding a niche need, means there is already a lack of competition(untapped market). and already a demand. thus when you start supplying that demand you are already ahead of the game and getting better customer flows without competition. thus many headaches avoided and less work to fight against

take the bitcoin vs crap coins for example
bitcoin became popular because there was nothing like it before it existed. and now there are thousands of crap coins THAT FAIL because they dont fill a niche. they instead just try to replicate something thats already serving the masses. but no one wants the cheap replica/counterfeit/copy. even if its offered at a 1000x discount

but i explain that its being held back by idiots that prefer to promote other networks as the solution instead of concentrating on bitcoin

you lot like the bloat being added to bitcoin you like the fee's rising you lot like to tell people to stop being full nodes. stop offering IBD support to other peers. you want junk added to bitcoin and users to use other networks for payments

YOU LOT ARE THE BITCOIN HATERS

i simply hate the DEVELOPERS that want commercialised services to replace bitcoin, the same developers who are stifling bitcoin to achieve it

YOU lot want to promote that bitcoin is not fit for purpose and cant reach mass adoption

funny thing is that its people like you and doomads and her forum-bros that are always telling people to not use bitcoin and use other networks that have other units of value measure.. so that makes you lot the shitcoiners.

YOU lot are claiming BTC is shit hense why YOU lot want people to migrate over to LN

bitcoin is not the myspace. LN is myspace

and as for the whole comparing LN to the internet in 1991.. nope. bitcoin even from day one was able to install and make transactions without headaches. then LN came around 9 years later and caused issues, making fake promises requiring main net delays due to waiting for LN promises to flourish..  and 6 years after LN has been around, LN is still causing issues.

LN has had 6 years to try to improve itself and yet if you OBSERVE your own recruits in this very topic many are saying how crap the UI is and how hard it is to install or migrate between wallets.

if you are a dev and someone told you your software for the last 6 years has been crap and your only response is "wait more years becasue you need to think of the software as something from the early 90's so be patient for a decade"

you are not thinking about whats actually being told to you. you are just trying to be a carpet sweeping ignorant person

get the hint other networks that lock-bridge btc value are more successful than LN. those networks are only a couple years old compared to LN of 6 years. and yet you want to keep pretending that LN is cool and successful.. get the hint already. and stop using your dev groups fake promises of helping bitcoin. when all its doing is delaying bitcoin network evolution

windows/tiktok developers knew about a thing called user friendliness
even an idiot can use windows. and tiktok

read the posts in this topic of all the people having issues using LN

and as for "top layers"
tiktok is not a top layer. its a niche service

a top layer is the main backbone that manages other layers

a top layer domain is not "bitcointalk" its instead ".org"
a top layer is not "venmo" a top layer is "IMF SDR"

LN is not tcp/ip equivalent. its tiktok equivalent as you have admitted accidentality

coming later does not make it ontop it makes it secondary/dependant


i know you lemmings want to pretend LN is bitcoin2.0 or better than/ontop of bitcoin but LN can function without bitcoin. and it does ALOT of the time run without bitcoin

there are far more wallet users that dont run a bitcoin node than there are users with a bitcoin node.

tiktok can run without android it can run with Ios or other operating systems

windows/IoS/bitcoin are not dependant on LN running

LN is not dependant nor requires bitcoin.
bitcoin is not dependant nor requires LN
thus its not a protocol level system. its a sub service of a protocol level system

i laugh when lemmings think that LN is a protocol level system above a mainnet

seems you have not learned the many problems cypherpunks hit their heads against when trying to may digital money. which were solved by blockchains. seems you are the one that does not know about what blockchains provide and instead you want to go back to systems pre bitcoin to mess around with

but hey. you are only wasting your own time trying to promote what is considered as Myspace.. a defunct network/service

other people have given up waiting for LN promises. because even LN devs have admitted LN has flaws that cant be fixed. even whole countries have dropped LN to use something else

and one last thing. a reminder of the usefulness
even a idiot can get tiktok to run without a headache. but LN after 6 years is not made for idiots even if you are advertising failed LN to idiots

its time to accept it.
time to observe the failures of LN and start from scratch with a new service for the niche userbase you want to recruit. a niche service that actually works

LN has become  the delay excuse the "wait until LN is popular before bitcoin gets to evolve" where, reality is. thats not going to happen. so time to move on from the LN failed experiment

yep even things like avalanche has more BTC liquidity locks than LN and avalanche is not even 2 years old

whilst others are choosing other niche services for microtransactions due to the failure of LN you lemmings are still flogging a dead horse of LN and then doubling down by saying bitcoin should not evolve until LN succeeds. hoping that you can sway the masses to use LN just so that it prompts devs to evolve bitcoin mainnet.
sorry but that sales tactic wont work. LN wont get popular its time to accept it and try something different

if you are trying to claim LN is as good as internet protocol layer above apps.. you are fooling yourself

LN is a service not a protocol. LN has no network wide consensus protocol. its not even a standard. its a mish mash of crap apps that have issues communicating with each other

LN is a subnetwork not a top level

..
economics comparison

if dollar wire transfer was the main net..
LN is not the IMF SDR rail
LN is the venmo

to add to ognasty post

REGULATORS DO list mixers as something to watch. though sponsored forum-bro's stroke readers to sleep pretending its not happening
but its not deniable.. they DO WATCH actions done by mixers.. they have reasons to

its because fungibility is not a true-false thing. its a risk % and mixers are not a 0% risk. they actually are advertising that they clean dirty money. thus they are waving a flag of servicing criminals.

mixers dont get automatically shut down just by being a mixer. they get shut down when criminals use them. but by advertising a service fit for criminals means regulators watch what goes through a mixer

using a mixer gets you watched more so than for instance buying a giftcard (hackers prefer giftcards) so when innocent people use mixers instead of giftcards. guess what.. innocent people get on watchlists more due to using mixers.

thus defeating the whole point of mixing..
.. mixing is not about privacy becasue your on a watch list. meaning the only real purpose of mixing is to clean dirty coins by passing the dirt to innocent people and take innocent peoples clean funds..

people that want privacy should think smarter and realise that advertising that you want privacy makes other people start to wonder why and start looking at you.
(if 2 people were standing in a street. one on the main sidewalk. and the other hiding behind a bush.. the guy behind the bush looks more suspicious and becomes watched more. .. but for that person hiding to then have a billboard to tell everyone he is hiding and where he goes to hide.. that just defeats the point of hiding)


the less you speak of it the more private you become. the less you make it obvious the more private you become. in short dont use things that make it obvious

imagine if in 1997 there was a pre release of windows 98. but where you needed to run unix+dos+win98 just to get win98 to work. where it was not just 1 CD that just installed by itself.. and where 7 years later it still was not just one install

do you think window would have been as popular

imagine if win98 had ways to lose files and corrupt data and allow others to steal data and microsoft 6 years later didnt patch it. nor patch the updates(me/xp)
do you think people would have wanted windows ME, XP knowing they were just more colourful versions of the same flaw.

well LN has had 6 years of chances. but the flaws still exist and the more popular it gets the more flaws appear.

but all i see is lemmings promoting LN like its gods gift to currency even when el-salvador as a whole country tried it for a couple months and dropped it quick. and even now nigeria is not really pushing for it even though from all lemmings speeches, nigeria is supposed to be big on LN right now.. but reality is, its not

i think its time the lemmings realise that they are pulling a dead cow up a mountain. and realise their farming practices are not going to market, or if observed at market. get trashed soon after

there are many other subnetworks that peg btc far younger then LN that have gained more btc liquidity locks and actually move value with more secure locks than LN..
LN has failed the test of time, failed the test of monetary policy, failed value utility, and failed the test of security.. its time to accept it and make a new network without the flaws for your niche utility offerings. and stop pandering a decaying cow to a market that can smell that it stinks

people want fresh meat or meat they can trust. LN is and does neither