BTC smart contracts:

๐——๐—ฒ๐˜…๐—ฒ๐˜€
bisq
boltz
p2p derivatives

๐—Ÿ๐—ผ๐—ฎ๐—ป๐˜€/๐—น๐—ฒ๐—ฎ๐˜€๐—ฒ๐˜€/๐˜†๐—ถ๐—ฒ๐—น๐—ฑ
hodlhodl loans
lightning pool
joinmarket

๐—”๐˜€๐˜€๐—ฒ๐˜๐˜€
RGB
Omni
Counterparty

๐—š๐—ฎ๐—บ๐—ฏ๐—น๐—ถ๐—ป๐—ด
atomic odds
hodlhodl prediction market

๐—ข๐˜๐—ต๐—ฒ๐—ฟ
lightning
sphinx chat
open timestamps

Bitcoin consumes stranded energy, renewable energy, and waste heat because that's where miners generate the biggest gains.

Anything which profitably consumes stranded energy, renewable energy, and waste heat reduces pollution and promotes renewables.

Ergo bitcoin helps the environment.

When plague afflicted one in ten
They printed cash for all to spend
And prices reached new heights again
As people ran the nodes

Ho, boys! Lift a glass!
The mempool's clear, so stack your sats
Tick tock, block by block,
The people run the nodes

The central banks this very day
Continue printing cash away
But hear the voice of freedom say
"The people run the nodes"

Ho, boys! Lift a glass!
The mempool's clear, so stack your sats
Tick tock, block by block,
The people run the nodes

[Repeat 2x]

With markets crashing downward still,
The Senate passed a bailout bill
The Greeks were robbed against their will
But people ran the nodes

Ho, boys! Lift a glass!
The mempool's clear, so stack your sats
Tick tock, block by block,
The people run the nodes

The more that China banned the coin
The more men stacked, the more men joined
They'll never take the network down
The people run the nodes

Ho, boys! Lift a glass!
The mempool's clear, so stack your sats
...[word count]
The people run the nodes

Satoshi launched a currency
'Twas issued cryptographically
While bankers printed reams of cash
The people ran the nodes

Ho, boys! Lift a glass!
The mempool's clear, so stack your sats
Tick tock, block by block,
The people run the nodes

Before two years had passed us by
The price had reached its all time high
The bankers cried, "It's soon to die!"
But people ran the nodes

Ho, boys! Lift a glass!
The mempool's clear, so stack your sats
Tick tock, block by block,
The people run the nodes

Today, @grubles showed (twitter.com/notgrubles/status/) that the 15 tps *per user* number from 2018 is higher now, and can be over 100,000 tps per user under optimized conditions (e.g. no network latency). Lightning gives that tps to *every user* -- consequently the network scales massively. More users = ever more tps.

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Visa has an upper bound on their tps number due to having one database hooked up to a few powerful processing centers. But every LN user has their own database and runs their own processing center so the scaling factor doesn't depend on a central coodinator and has no upper bound. /2

Show thread

In 2018 the lightning network could do 15 transactions per second *per user.* (source: youtu.be/txcjxSRDvqQ) The phrase "per user" is important because that means there is no upper bound. If lightning has a million users then it can do 15 million transactions per second. This property, of scaling up with the number of users, is called linear scaling, and it's a whole 'nother league compared to bounded scaling, which is the type of scaling that centralized systems (such as Visa) can do. /1

@Locksmith @[email protected]

> The consensus of science is that door locks unnecessarily provoke increased aggression among assailants with violent intent. They thus put homeowners as well as trespassers at greater risk of enhanced-violence confrontations. Persuant to these findings, homeowners are henceforth prohibited from using or installing door locks and are urged to use surrender as their primary defense mechanism during cases of violent criminal trespass.

@slimhodl The checks are denominated in a currency that has inflated away a significant part of its value since the 600 dollar check. If you measure the value of the 600 dollar check in today's less valuable dollars, it was worth like $605. So the equation should say 605 + 1400 != 2000.

@ck_SNARKs There is an important exception if you get interest on your coins by running lightning pool, joinmarket, or a routing node.

@iamnaok twitter.com/hodlhodl/status/13

> Currently only stablecoins (USDT, USDC, DAI, PAX) and Bitcoin is used as a collateral. But Bitcoin lending is coming in 2021.

@iamnaok Yeah they haven't created a contract for lending your btc yet. The people who want to borrow bitcoins are usually short sellers and I doubt there are very many of those on hodlhodl so rolling out a contract for them is probably not a huge priority for hodlhodl. But I have a hunch that hodlhodl wants to become a non-custodial alternative to bitmex so keep your eyes peeled for features that move them in that direction.

@iamnaok Hodlhodl isn't too hard to use though. The UX is on par with similar eth contracts like Compound or Aave.

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