makeasnek

cross-posted from: https://lemmy.ml/post/24975866

cross-posted from: https://lemmy.ml/post/24975827

Do you think a corporation would do anything to get an extra 1% return on their next quarterly report? Would they do things that hurt them in the long-term just so this quarter looked good? Make their products worse for a quick buck? Fuck over their long-term employees they spent years training? Skimp on quality and safety? Yes. They absolutely would. Corporations pay 3-5% on credit card fees and wait weeks for settlement. Lightning is <1% and it's instant. It's that simple. That's why Bitcoin lightning is going to win in the long run.

It's the same reason the food cart down the street takes venmo: because, at one time, venmo was free, which made it cheaper than credit cards. It's not free now though, because it couldn't be sustainably free, because nothing is free, and because venmo has every incentive to suck every dollar of profit out of those transactions it can. They have a captive audience. Lightning doesn't work that way. Liquidity providers, nodes, etc they all have to compete for your payment, so over time, fees get lower, not higher. Venmo isn't growing in adoption any more among merchants, lightning is.

The savings on fees is so significant that merchants can offer a discount to customers equivalent to the customer's normal credit card cash back and the merchant can still save money compared to credit cards. Last time Bitcoin got real hyped and lots of merchant adoption, fees and transaction confirmation times became a limiting factor. That factor is gone now. Cash App, in the US, has 25% market penetration. That's a lightning wallet. When customers realize they can get a 3% discount everywhere just by using it? Game over for credit cards.

If you haven't tried lightning, it's awesome. Instant confirmation, fees <1%, and very decentralized. There were some growing pains, but it's pretty robust now, I use it on a daily basis. It's where the majority of Bitcoin transactions occur, and nostr users alone are using it to send millions of transactions a month.

cross-posted from: https://lemmy.ml/post/24975827

Do you think a corporation would do anything to get an extra 1% return on their next quarterly report? Would they do things that hurt them in the long-term just so this quarter looked good? Make their products worse for a quick buck? Fuck over their long-term employees they spent years training? Skimp on quality and safety? Yes. They absolutely would. Corporations pay 3-5% on credit card fees and wait weeks for settlement. Lightning is <1% and it's instant. It's that simple. That's why Bitcoin lightning is going to win in the long run.

It's the same reason the food cart down the street takes venmo: because, at one time, venmo was free, which made it cheaper than credit cards. It's not free now though, because it couldn't be sustainably free, because nothing is free, and because venmo has every incentive to suck every dollar of profit out of those transactions it can. They have a captive audience. Lightning doesn't work that way. Liquidity providers, nodes, etc they all have to compete for your payment, so over time, fees get lower, not higher. Venmo isn't growing in adoption any more among merchants, lightning is.

The savings on fees is so significant that merchants can offer a discount to customers equivalent to the customer's normal credit card cash back and the merchant can still save money compared to credit cards. Last time Bitcoin got real hyped and lots of merchant adoption, fees and transaction confirmation times became a limiting factor. That factor is gone now. Cash App, in the US, has 25% market penetration. That's a lightning wallet. When customers realize they can get a 3% discount everywhere just by using it? Game over for credit cards.

If you haven't tried lightning, it's awesome. Instant confirmation, fees <1%, and very decentralized. There were some growing pains, but it's pretty robust now, I use it on a daily basis. It's where the majority of Bitcoin transactions occur, and nostr users alone are using it to send millions of transactions a month.

Do you think a corporation would do anything to get an extra 1% return on their next quarterly report? Would they do things that hurt them in the long-term just so this quarter looked good? Make their products worse for a quick buck? Fuck over their long-term employees they spent years training? Skimp on quality and safety? Yes. They absolutely would. Corporations pay 3-5% on credit card fees and wait weeks for settlement. Lightning is <1% and it's instant. It's that simple. That's why Bitcoin lightning is going to win in the long run.

It's the same reason the food cart down the street takes venmo: because, at one time, venmo was free, which made it cheaper than credit cards. It's not free now though, because it couldn't be sustainably free, because nothing is free, and because venmo has every incentive to suck every dollar of profit out of those transactions it can. They have a captive audience. Lightning doesn't work that way. Liquidity providers, nodes, etc they all have to compete for your payment, so over time, fees get lower, not higher. Venmo isn't growing in adoption any more among merchants, lightning is.

The savings on fees is so significant that merchants can offer a discount to customers equivalent to the customer's normal credit card cash back and the merchant can still save money compared to credit cards. Last time Bitcoin got real hyped and lots of merchant adoption, fees and transaction confirmation times became a limiting factor. That factor is gone now. Cash App, in the US, has 25% market penetration. That's a lightning wallet. When customers realize they can get a 3% discount everywhere just by using it? Game over for credit cards.

If you haven't tried lightning, it's awesome. Instant confirmation, fees <1%, and very decentralized. There were some growing pains, but it's pretty robust now, I use it on a daily basis. It's where the majority of Bitcoin transactions occur, and nostr users alone are using it to send millions of transactions a month.

cross-posted from: https://lemmy.ml/post/24839313

Looked around and saw this didn't exist it, so I made it. If you need to report your Zeus transactions to Koinly for tax purposes, this script will convert Zeus's export format into something Koinly can use.

I've been using Zeus as a daily driver for months, solid wallet, quick transaction confirmations, handles on-chain and lightning, really a winner all around. I like that it can give you a lightning address too!

https://github.com/makeasnek/Zeus2Koinly/

Stack sats, stay humble. Onwards

Looked around and saw this didn't exist it, so I made it. If you need to report your Zeus transactions to Koinly for tax purposes, this script will convert Zeus's export format into something Koinly can use.

I've been using Zeus as a daily driver for months, solid wallet, quick transaction confirmations, handles on-chain and lightning, really a winner all around. I like that it can give you a lightning address too!

https://github.com/makeasnek/Zeus2Koinly/

Stack sats, stay humble. Onwards

I've been looking into all sorts of them recently: logseq, appflowy, vikunja, etc. What tools do you use? Why? What problems did you run into with the previous set of tools you used for this job?

Right now I'm primarily interested in finding a "zero-knowledge" (cloud provider doesn't have access to my data) system for task management. Needs to be able to have recurring tasks and tasks organized in some interesting/useful ways (by projects/labels/something, maybe a kanban and table view). Deadlines and time tracking/planning interesting but not required.

cross-posted from: https://lemmy.ml/post/18395888

Preview snippet:

"Across the world this week, authoritarian regimes predictably continue leveraging centralized technologies and top-down policies to tighten their grip on power. In Russia, Vladimir Putin pushes for harsh regulations on Bitcoin mining, citing fears of potential power outages. These measures would grant the regime unilateral control over where Bitcoin can be mined and who can mine it. While cracking down on access to an open network, he is simultaneously advocating for an expansion of a central bank digital currency (CBDC). This would inevitably grant his regime unprecedented control over individual financial transactions."

Preview snippet:

"Across the world this week, authoritarian regimes predictably continue leveraging centralized technologies and top-down policies to tighten their grip on power. In Russia, Vladimir Putin pushes for harsh regulations on Bitcoin mining, citing fears of potential power outages. These measures would grant the regime unilateral control over where Bitcoin can be mined and who can mine it. While cracking down on access to an open network, he is simultaneously advocating for an expansion of a central bank digital currency (CBDC). This would inevitably grant his regime unprecedented control over individual financial transactions."