Damus

Recent Notes

Big Barry Bitcoin profile picture
She had just bought the place it seems... So I think there's some missing information here.

No insurance is going to say "we'll insure it for the price it was when it was first built in 1888".
Big Barry Bitcoin profile picture
To be fair, unless she had constantly took equity out of the home, the insurance should cover the loan at the least.

Actually what happens if you borrowed more? If you can't pay, the bank reposesses the house... So they take the loss no?
Big Barry Bitcoin profile picture
I agree with this.

Its super easy to explain that this tech does not work via credit, its like a full reserve bank account.

Acinq needs to pre allocate funds for you to be able to receive payments and they can't do creative accounting, so there is a natural cost and bringing those costs down requires learning the tech in more depth, so where do you want to start?

At the end of the day, bitcoin is a hard money, there are no free lunches and it's a small cost to get started.

@nevent1qqs...
Big Barry Bitcoin profile picture
Banking apps refuse to install on GrapheneOS. I used to rely on web access, now I just have a side device with all the toxic apps I need.
Big Barry Bitcoin profile picture
FYI it worked, but not sure why it was slow.

Also I didn't get the point with that demo. I need to spend some time with this. I'll bookmark this and come back to it 🙂