Meanwhile, took the opportunity to install LIT on my raspiblitz. Web-based GUI looks pretty slick. I think I will try out the new Lightning Pool feature, even though I have special need for more inbound liquidity, I'm really curious to see what it's like making a bid and getting it filled:
Have run these ⚡️ benchmarks on a 64bit RaspberryPi4 with a USB SSD and got relieved that this common setup is not a bottleneck for the Lightning Network.
Find all the details and how to reproduce the results here: https://github.com/openoms/lightning-benchmark/blob/master/install.aarch64.md
HW specifics and results comparison:
We've been digging a little deeper into Lightning node performance 🤓
Here's what we've fou…
Peer-To-Peer Is Patriotic.
"Peers freely electing to interact with each other could be used to describe citizens constituting a constitutional republic such as the United States of America or nodes in the nebulous network of Bitcoin."
Worth a read; h/t @belcher
this is an oft-discussed scenario, I tend to think it will be a less significant effect than portrayed in this article; I am probably influenced by the history of bitcoin; I haven't seen evidence that prices are ever lower outside centralized exchanges (the opposite?), seems mostly surmise, not data.
The author may be under-stating the importance of the perfect verifiability (and doesn't understand intrinsic fungibility).
Learned of this via TFTC h/t @mattodell ;
there's a short video demo and a slide deck, basically this is a mobile-to-mobile BIP78 payment implementation (interestingly, seems to be iPhone) using onion service for receiver as Joinmarket does. Was part of an MIT hackathon.
Most interesting if this BIP78 implementation makes its way into production mobile wallets, will be a great selling point ...
My GUIX #Bitcoin bootstrapped deterministic build worked. After 4 days compiling through sources it was done.
More information here: https://github.com/bitcoin/bitcoin/tree/master/contrib/guix
Picture of the small thin client who did it.
Dollar Cost Average into Bitcoin
This started as an idea for a weekly microblog series and scope crept into a side project. Recently I’ve had more casual observers asking me how to buy BTC. I turned my notes into this small Hugo site. Rates will be updated every Saturday.
Sharing with the fediverse first, please provide feedback! #nomoa
The Nevada Innovation Zones proposal seems highly targeted at Blockchains LLC “Ethereum City” project, whose weird ads were plastered everywhere in Prague during the Devcon IV conf
Haven’t heard about it since, but they must be going forward with the idea
Decoding The “Bitcoin Full Node Sculpture,” A Cypherpunk Chronometer.
"The Bitcoin Full Node Sculpture is a cypherpunk chronometer, designed to work as a fully-functioning bitcoin full node and block explorer."
Written by @FractalEncrypt.
If you're running a successful business that's built on top of open-source software and you're neither contributing code to these projects nor donating money to them, you're not only a freeloader, you're actually harmful to the entire movement.
You should take an interest in the sustainability of these projects as they ensure the likelihood of your own success and future.
Bitcoin Core usage survey from contributor Andrew Chow:
info about the survey:
In 2020 on average, ~ $75 worth of #bitcoin payments occurred per kWh, about 750x the average electrical energy cost of $0.10/kWh. Bitcoin doesn't waste energy, it uses it incredibly economically efficiently. @bitcoinmagazine [https://bitcoinmagazine.com/articles/introducing-cbei-a-new-way-to-measure-bitcoin-network-electrical-consumption]
DevSecOps / FOSS & P2P
Privacy for individuals
Transparency for institutions
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