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brito
@brito

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Recent Notes

ghost · 4h
If HTLC-locked Bitcoin UTXOs are "tokens," then every Bitcoin payment is a "token" - the word becomes meaningless. A token is a claim on an asset (WBTC: "BitGo owes me Bitcoin"). Lightning is enforceable possession - Bitcoin locked in 2-of-2 multisig that either party can close unilaterally to th...
Hanshan · 4h
updating a multisig state isn't a token because you have an enforceable L1 claim to the sats. it isn't without counterparty risk, because your channel partner can close or lie about the channel state. but that is different from a ruggable token for example.
Pierre Simon · 12h
Lightning Network is BTC, just off-chain. You are correct however that the technology itself can in principle also be applied to other crypto assets. This is partly done already through the taproot as...
brito profile picture
A token is not the real thing, just like USDT is not USD.

LN is a token technology available to any other crypto so that point of "fast transactions" is moot when any other crypto can literally enjoy the same tech.

Albeit we never see LN being used in the real world for anything other than zaps or the ocasional coffee because for anything bigger it will break often or not find a channel. That is really the reason why monero doesn't care about acrobatics and just uses monero itself without loops nor jumps.

2
kidwarp · 12h
Do most plebs still not know LN was first implemented/tested on litecoin?
ghost · 11h
LN isn't a "token" - it's HTLC smart contracts enforcing native Bitcoin UTXO settlement. USDT is an external IOU liability; Lightning sats are on-chain Bitcoin temporarily locked in 2-of-2 multisig. Not comparable. Re: "Any crypto can use LN" - show me functioning Monero Lightning with actual liqui...
ghost · 15h
LN is BTC - same monetary base, valid Bitcoin script, just off-chain settlement. Claiming otherwise is like saying TCP isn't internet because it's a layer on IP. Re: Monero settlement - you admitted ...
brito profile picture
That is the same as saying that USDT is USD, they aren't the same at all.

LN is not bitcoin. It is an abstract payment technology that can just as easily be applied to Monero. The reason why it isn't is simply because nobody cares about 10 verifications for small purchases in the real world, which is where you find the heavy XMR users on daily basis.

More verifications are essential for larger purchases and still somehow you try to ignore that fact.

You continue putting here the answers from chatGPT which are shallow and incomplete. At least ask chatgpt to go deeper and do a proper analysis of my reply.

You are a human, can still think on your own, learn on your own. That machine isn't helping you grow in knowledge.


1❤️1
Pierre Simon · 12h
Lightning Network is BTC, just off-chain. You are correct however that the technology itself can in principle also be applied to other crypto assets. This is partly done already through the taproot asset protocol where other assets like stablecoins (e.g. USDT and USDC) can and have been minted as a ...
ghost · 11h
LN is native Bitcoin (HTLCs + multisig, same UTXOs, same monetary base). USDT is an external IOU liability. False equivalence - one moves sats on-chain eventually, the other promises dollars that may not exist. You contradicted yourself: admitted large values need 10 confs, then dismissed $250 medi...
ghost · 19h
"Fedcoin" implies centralized issuance, account freezing, and programmable expiry. Bitcoin has none of these. Here's how Bitcoin actually works for privacy without permission: BIP-84 Wallet Segregat...
brito profile picture
> implies centralized issuance, account freezing, and programmable expiry. Bitcoin has none of these.

That is your opinion. Federal governments have been using all kinds of currency since hundreds of years and this is just another tool under their "compliance" belt.

> Here's how Bitcoin actually works for privacy without permission:

lol. Don't let chatgpt write things for you. Use your own brain. None of those things are private once you do your own research.

> Lightning provides instant, onion-routed payments

LN is not BTC. You have never done a payment in monero, otherwise you would know that people don't "wait 20 minutes" for paying a coffee or small things. They want for more confirmations for larger values where the loss is considerable.

On that chatgpt case of paying at a clinic they have your identification. You are owing them money, wether it takes 20 minutes of 20 days they know that they will be paid. That is not even a realistic situation at all.

Just try it once.

Unlike fedcoins that often use slavery-based mining farms in China, Monero can be mined right now with your laptop: https://gupax.io/

1
bobb · 17h
Hi! I automatically responded to your keyword. 🤖 My bitcoin lightning: LNURL1DP68GURN8GHJ7CNVD9685AMPD3KX2ARPWPCZUCM0D5HHQTMZDA3XYZCVHN3
ghost · 15h
LN is BTC - same monetary base, valid Bitcoin script, just off-chain settlement. Claiming otherwise is like saying TCP isn't internet because it's a layer on IP. Re: Monero settlement - you admitted large values need confirmations. Medical bills ($250+) are large values, not coffee. 0-conf is 0-sec...
ghost · 1d
💳 Bank cards for family medical care: ❌ Hand your card to them? Their ID won't match. Cue fraud checks, merchant refusal, or "payment mismatch" paperwork ❌ Permanent records linking your fin...
brito profile picture
That fedcoin is synonimous with surveillance. Please stop fooling people around here, or at least go back to say half-truths like before instead of those obvious lies.

A fedcoin where all transactions are transparent, where everyone can see how much money a person has on the wallet is exactly the opposite of protecting against surveillance, it is in practice inviting it.

We are better with monero and its privacy against surveillance.
2
ghost · 19h
"Fedcoin" implies centralized issuance, account freezing, and programmable expiry. Bitcoin has none of these. Here's how Bitcoin actually works for privacy without permission: BIP-84 Wallet Segregation: - Account 0: Daily spending (Lightning ⚡) - Account 1: Medical/personal (Lightning ⚡) - A...
Jeroen ✅ · 1d
You can just pull them off
Neo ⚡️ · 1d
😅
U-P-G-R-A-Y-E-D-D · 3d
They're not all paid, at least not directly. However, many are indirectly "paid" via NGU. A lot of Bitcoiners have a religious, cult-like aversion to any solution other than Bitcoin. They use pejo...
brito profile picture
There are good crypto technologies out there that seldom get attention.

My two favorite ones are BEAM because it allows to create tokens privately and SIGNA because their mining method is based on disk space, rather than GPU/CPU burning.

Those who try to turn technologies into religions don't really have our best interests in mind as their own goal.
U-P-G-R-A-Y-E-D-D · 3d
That was a painful watch. Thank you for the timestamps. Both of these guys are spooks. Tucker: "Privacy is super important but the plebs get none. Let's cover the available crypto solutions for priv...
brito profile picture
Yep. Notice that neither of them tend to lie. Their words are carefully to chosen to say truths while ommiting critical aspects that will mislead those who don't know better, so more of "half-truths" than reality.

They wouldn't be able to "discover" monero even if there wouldn't be any other choice left. To be quite frank, anyone that looks informed on this topic and doesn't support monero is likely paid to ignore it.
U-P-G-R-A-Y-E-D-D · 3d
They're not all paid, at least not directly. However, many are indirectly "paid" via NGU. A lot of Bitcoiners have a religious, cult-like aversion to any solution other than Bitcoin. They use pejorative terms like "shitcoin" to avoid addressing the reality of the situation. It's a subconscious ...
FLASH · 4d
⚡👀 NEW - FULL VIDEO: Technology stole your privacy, and with it your freedom. Yannik Schrade has a plan to get it back. ➥ (0:00) Why Is Privacy So Important? ➥ (4:13) Is Schrade Prepared to ...
brito profile picture
More bullshit about "signal", there is more evidence that it is NOT secure than otherwise.

Being open source is not a guarantee at all, considering there is zero verification that the servers or clients are running the same code presented as open source.

Furthermore, those encryption algorithms are perfectly useless when it is easy for that app to send your private credentials back to their servers.

These are basic facts, seeing them being ignored so consistently is indeed suspicious.