prochronist

+- prochronist -- 33d ------------------------------------------------------[...]+
|                                                                                |
| The                                                                            |
| nostr:nprofile1qqsya7fhzglleyjp05zwzd7elzln8d6u53dq305qf8v2hhs3jll8nsqpzpmhxue |
| 69uhkummnw3ezuamfdejszrthwden5te0dehhxtnvdakqj6ctgj guys are doing a lot of    |
| cool side quests beyond their main bitcoin insurance business. Another         |
| lesser-known initiative is                                                     |
| nostr:nprofile1qqsythc93laxet3f9tlpuxpr0rzh4wv2vcxkly8tmx26zj7spra6sjgpr9mhxue |
| 69uhkwctjv3jkutn6v9czucm0da4kjmn89uq3xamnwvaz7tm0venxx6rpd9hzuur4vghs9lmawm a  |
| nostr-native content mgmt and delegation tool.                                 |
|                                                                                |
| Super useful for FOSS projects to manage community social accounts.            |
|                                                                                |
| Ghostr’s note feature makes it easy to communicate between the publisher and   |
| delegator to cross post on other socials too.                                  |
|                                                                                |
| https://ghostr.org                                                             |
| nostr:nevent1qqs24nhzhtcyj5ztmxyql2yw2jw369xxk7ujxwczsuf6ryap56mfapgnyuefk     |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 310d -----------------------------------------------------[...]+
|                                                                                |
| This week, Tether issued more USDT-Liquid due to rising demand, tripling the   |
| amount in circulation (~100M) to surpass the total USDT in circulation on      |
| Tezos, Polkadot, and others.                                                   |
|                                                                                |
| A few points on why                                                            |
| nostr:npub1nyyhnqahf3cgqzcc927x7eqyd2msgplfe27ddn6hpgu2m200wh2s0s7gan and      |
| other bitcoin L2s will continue to eat up liquidity from alts.                 |
|                                                                                |
| First, some context, Liquid has accomplished this with effectively:            |
|                                                                                |
| - no speculative markets (governance token, NFTs, memecoins), the main driver  |
| of volume on alts.                                                             |
|                                                                                |
| - no comparable marketing budget, eg, Polkadot spent $37M alone in H1 2024 on  |
| promotion:                                                                     |
| https://forum.polkadot.network/t/polkadots-astonishing-marketing-spending/8945 |
|                                                                                |
| Instead, the Liquid ecosystem has prioritized the development of native        |
| features and infra for bitcoin capital markets (confidentiality,               |
| nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n AMP,     |
| legal frameworks, etc) -- resulting in organic growth of securities issuances. |
| (RWA TVL on Liquid recently hit >2.5B).                                        |
|                                                                                |
| This is further validation of the effectiveness of bitcoin's design philosophy |
| vs crypto, ie the prioritization of security and low-time preference.          |
|                                                                                |
| The downside, however, is that alts can fill these niche, emerging needs       |
| faster and extract value from bitcoin in the short term.                       |
|                                                                                |
| Alternatively, with the new language Simplicity coming to Liquid mainnet next  |
| month (and potentially bitcoin in the future), the gap in developer UX and     |
| expressivity will be largely addressed as Simplicity competes directly with    |
| ETH's Solidity.                                                                |
|                                                                                |
| It will certainly take longer for the larger-cap crypto L1s to succumb, but    |
| we've already started to see cracks and a shift back to bitcoin. Eg:           |
|                                                                                |
| Vitalik wanting to simplify ETH like bitcoin:                                  |
| https://www.coindesk.com/markets/2025/05/05/vitalik-buterin-wants-to-make-ethe |
| reum-as-simple-as-bitcoin                                                      |
|                                                                                |
| Hoksinson considering moving ADA treasury into BTC:                            |
| https://www.msn.com/en-us/money/markets/charles-hoskinson-wants-to-swap-100m-i |
| n-ada-for-bitcoin-more/ar-AA1GJZq7                                             |
|                                                                                |
| There's still a long way for Liquid to catch up, but as altcoin marketing      |
| budgets dry up and they continue to lose value relative to BTC, we will likely |
| see this trend and convergence accelerate, possibly to the point where some    |
| re-denominate their governance tokens in BTC and market themselves as L2s.     |
|                                                                                |
| The great thing is you can still front-run them all by buying bitcoin.         |
| https://blossom.primal.net/dd47178c64c7fcf8ad379fe2bc20e6b020499fd50b4466d4375 |
| 18ac1590b0730.jpg                                                              |
| https://blossom.primal.net/e1643f7c9a5763658c4984ea1e940d1489c64172230bd4280fb |
| 492f54d6ba1de.png                                                              |
| https://blossom.primal.net/5dd9dd5214a012a5e747d198cdb64fc45b77b49922054ab683d |
| 283fdee0ebbba.jpg                                                              |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 331d -----------------------------------------------------[...]+
|                                                                                |
| Does anyone have more info on the fedimint that went offline (via Fed app) for |
| a certain amount of time a few months back and users were locked out? Was      |
| there ever a diagnostic report or anything explaining the incident and how it  |
| will be mitigated in the future?                                               |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 338d -----------------------------------------------------[...]+
|                                                                                |
| A few months ago I was in BA and met the                                       |
| nostr:nprofile1qqsp7fxsmxnahv3pkqsx4pn9pqm5739sp4cy5d8gkxelex5tc9qrspsppemhxue |
| 69uhkummn9ekx7mp0qythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0wj7txg guys. Their    |
| NFC card was the best bitcoin onboarding experience I’ve ever had and turned   |
| me into a NFC card maxi.                                                       |
|                                                                                |
| There’s a certain simplicity about just pulling out a tangible card and        |
| tapping it - hard to beat that UX with a phone.                                |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 338d -----------------------------------------------------[...]+
|                                                                                |
| It's almost inevitable at this point bitcoin will continue to eat up market    |
| dominance, and 99% of current crypto projects will deprecate or have to        |
| re-denominate and become bitcoin layer-2s.                                     |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 338d -----------------------------------------------------[...]+
|                                                                                |
| thx but this looks like a twitch clone, was hoping for more like a live        |
| auction app similar to whatnot but this may suffice                            |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 397d -----------------------------------------------------[...]+
|                                                                                |
| Hah, anything’s possible - who should we sync with locally?                    |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 408d -----------------------------------------------------[...]+
|                                                                                |
| When am I going to be able to livestream on this and sell all my old fishing   |
| tackle for pristine sats?                                                      |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 423d -----------------------------------------------------[...]+
|                                                                                |
| Calling all turbo autists: here's your shot to yeet your dream project         |
| straight to market with the help of Blockstream. LFG.                          |
|                                                                                |
| blockstream.typeform.com/to/KLeflywl                                           |
|                                                                                |
| nostr:nevent1qqs97t2fmw6sge65d7wpssal84n9aga7hv4kc0gzw46l6pgdx3shd3spzemhxw309 |
| ucnjv3wxymrst338qhrww3hxumnwzd85ql                                             |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 457d -----------------------------------------------------[...]+
|                                                                                |
| Hah, did you apply? Ping me on TG and I’ll make sure we save a spot for ya     |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 533d -----------------------------------------------------[...]+
|                                                                                |
| Currently at a nostr workshop from the guys at                                 |
| nostr:npub1wqpvs2tewfzm2vug3g3jk4935m2q32rmd6gptskeeffqwe4dnxvsj6fvyy.         |
|                                                                                |
| What is everyone’s favorite client/wallet combo? If I’m using primal mobile,   |
| best to just use the in-app wallet?                                            |
| https://m.primal.net/LxxW.jpg                                                  |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 579d -----------------------------------------------------[...]+
|                                                                                |
| Many are asking how Greenlight numbers can be so high and why they're not      |
| reflected in public Lightning datasets like 1ML.                               |
|                                                                                |
| To help put things in perspective, let's break down the numbers and what this  |
| implies for the 'Lightning is dead' narrative that certain influencers have    |
| been peddling:                                                                 |
|                                                                                |
| The first thing to know is that Greenlight nodes are unannounced/private and   |
| on-demand, so they aren't included in public estimates. This isn’t unique to   |
| Greenlight--many other Lightning infrastructure providers (think Lightspark)   |
| don’t broadcast for privacy and other reasons.                                 |
|                                                                                |
| Each Greenlight node roughly corresponds to one user, meaning the 150k nodes   |
| represent about 150k users (unless large swaths of users are gaming the        |
| numbers by using different seeds with the same or multiple devices). When a    |
| Greenlight node isn't in use, it becomes dormant and then reactivates later as |
| well, so no new nodes are created or destroyed in this process that could      |
| obfuscate the numbers.                                                         |
|                                                                                |
| More context: most of these new nodes are from Relai's recent integration of   |
| the Breez SDK, which runs Greenlight under the hood. A growing number of small |
| Lightning startups, like Blitz, also use Greenlight on the backend, but those  |
| numbers often go unreported.                                                   |
|                                                                                |
| So, the narrative of Lightning's impending doom is likely vastly overstated,   |
| especially when infrastructure projects like Greenlight and their impact are   |
| almost always overlooked when discussing the growth of the network.            |
|                                                                                |
| In my opinion, it's far more believable that Lightning is in a transitional    |
| phase due to new developments in bitcoin payment technology and infrastructure |
| (Greenlight, Lightspark, Breez SDK, Ark, etc) and is just now coming into its  |
| own.                                                                           |
|                                                                                |
| Greenlight's numbers are proof of this.                                        |
|                                                                                |
| nostr:note14y00ejc0ja6mfhtnn0xm4xd554qz5sas6k4vnp3jfuz2dg48s9dshw7899          |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 605d -----------------------------------------------------[...]+
|                                                                                |
| This would be sick                                                             |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 631d -----------------------------------------------------[...]+
|                                                                                |
| More info on the lower sats/vB protocol change:                                |
| https://community.liquid.net/c/announcements/beta-0-1-to-0-01-sats-vbyte       |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 631d -----------------------------------------------------[...]+
|                                                                                |
| Many in the comments under impression fees would be too high…and though, yes,  |
| fees would be higher than Lightning, the idea here is to use                   |
| nostr:npub1psm37hke2pmxzdzraqe3cjmqs28dv77da74pdx8mtn5a0vegtlas9q8970 on the   |
| backend, which has a sats/vB 10x lower (0.01) than usual (Liquid default is    |
| 0.1). This makes average fees ~40 sats. Pair the lower network fee rate with a |
| threshold to be able to swap to Liquid from zaps…and you can see how it might  |
| be useful - as Liquid is more federated (15 vs a single custodian), has        |
| confidential transactions and you can cold store sats.                         |
| nostr:note17u9th4zx8vm7s97wnv6agdj3qq5kgjy9ucmmd8qk4uuedza5jt4sdnvpqn          |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 631d -----------------------------------------------------[...]+
|                                                                                |
| The idea would be to use                                                       |
| nostr:npub1psm37hke2pmxzdzraqe3cjmqs28dv77da74pdx8mtn5a0vegtlas9q8970 on the   |
| backend, which uses a lower sats/vB…so tx fees would be ~40 sats, and liquid   |
| would only be available until a certain threshold would be met, say like 1000  |
| sats.                                                                          |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 634d -----------------------------------------------------[...]+
|                                                                                |
| There’s lots of innovation happening in the L2 wallet space.                   |
|                                                                                |
| We used nostr:npub1ajlrwgfj4yerhqf7ady03h7wmtk2qr3gs7h3sxcx83k05yld36sswpzx3q  |
| to accept mainchain, Lightning, and even some USDT (via                        |
| nostr:npub1nyyhnqahf3cgqzcc927x7eqyd2msgplfe27ddn6hpgu2m200wh2s0s7gan) at the  |
| Blockstream booth at B24 without a hitch. It’s one of the best mobile wallets  |
| for POS and is what I personally recommend for onboarding newbies these days,  |
| given there is no channel rebalancing/management.                              |
|                                                                                |
| And if the rumors are true, looking forward to even more stables (there are    |
| quite a few now on Liquid) being added to the Aqua app soon.                   |
|                                                                                |
| My basic set up is using Aqua day to day and Green for long-term hodl - given  |
| it has hardware wallet integration and you can connect your node - but I am    |
| also keeping a close eye on the Blitz wallet.                                  |
|                                                                                |
| Exciting times ahead!                                                          |
| https://m.primal.net/JkRM.jpg                                                  |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 641d -----------------------------------------------------[...]+
|                                                                                |
| re: Fold going public                                                          |
|                                                                                |
| I was fold-pilled a few years ago, it's a great stacking tool, sometimes up to |
| 10% back at select stores, but I've been quietly anticipating a bitcoin        |
| cashback credit card. That's when the real fun begins and they could 10x their |
| appeal.                                                                        |
|                                                                                |
| Many families - if financially literate and prudent - try to optimize cashback |
| rewards in some way. Even with a standard 2% cashback on all purchases, a Fold |
| credit card would be competitive, but many may not opt in, given that it's     |
| bitcoin.                                                                       |
|                                                                                |
| If they can offer a 3% flat cashback (as no other issuer really offers this    |
| anymore besides the new RH Gold) or even 5% in select categories, it will be   |
| very appealing to individuals and families trying to save. (There is also an   |
| entire subculture of nerds who churn cards/optimize rewards - Fold should      |
| target these guys.) With a 3%/5%, these types will likely overcome their       |
| initial bitcoin hesitancy to give it a try.                                    |
|                                                                                |
| Then once bitcoin's monetary theory becomes clear and their cashback grows (3% |
| becomes 6% etc), you'll have effectively orangepilled them on bitcoin as a     |
| value savings mechanism                                                        |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 645d -----------------------------------------------------[...]+
|                                                                                |
| For those actually looking to make legitimate yield on their corn and not get  |
| rugged, check out the Blockstream Mining Note. It’s a tradeable hashrate       |
| backed token, so you can participate in proof of work and help secure the      |
| network without all the overhead of mining operations.                         |
|                                                                                |
| BMN1 yielded a net average of 32% bitcoin-on-bitcoin return or just under 2    |
| BTC per BMN. The net average return in fiat terms was even greater, at 61%,    |
| and in both scenarios, it outperformed buying spot bitcoin.                    |
|                                                                                |
| Most are sleeping on security tokens, which come with investor protections and |
| obligations from the issuer, they are not random sh*tcoins with empty          |
| promises.                                                                      |
|                                                                                |
| 32% was the average net return across all 8 series of the BMN1, too, some      |
| outperformed others, eg series 1 of BMN1 had a net btc return of 62%, so entry |
| point in the market cycle is a factor.                                         |
|                                                                                |
| nostr:note1ueupx74vyc7ek5ad3a4ag8uc06arnyz4tkt3yu089jj0ffmld34ss30q9j          |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 712d -----------------------------------------------------[...]+
|                                                                                |
| Yes they’re full of shit, just eat like a hunter gatherer, no processed food   |
| and all good                                                                   |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 720d -----------------------------------------------------[...]+
|                                                                                |
| Those of you wondering if you’re still early to Bitcoin.                       |
|                                                                                |
| https://www.rooster.info/p/ohio-state-chris-pan                                |
| https://m.primal.net/IEBX.jpg                                                  |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 783d -----------------------------------------------------[...]+
|                                                                                |
| Coin control is only available on the desktop version of Green atm             |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 810d -----------------------------------------------------[...]+
|                                                                                |
| LBTC is available on DEXs like Bisq and Peach as well as Bitfinex and a few    |
| other exchanges; where would you specifically like to see Liquid integrated?   |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 855d -----------------------------------------------------[...]+
|                                                                                |
| A good question to ask: if your favorite bitcoin apps went offline tomorrow,   |
| would you still be able to buy, sell and trade for bitcoin?                    |
|                                                                                |
| If not, you have some work to do over this holiday break, building out your    |
| local P2P economy—myself included.                                             |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 855d -----------------------------------------------------[...]+
|                                                                                |
| We must make direct P2P transactions outside of any third party, including     |
| "P2P exchanges," which still rely on infrastructure outside of Bitcoin, the    |
| default way to interact again. This is even more relevant in a high-fee market |
| where we can avoid paying extra fees and markups.                              |
|                                                                                |
| It's time to form chat groups with friends and leverage local Bitcoin meetups  |
| to exchange P2P. We should also hasten the implementation of key encryption    |
| standards like NIP 87, NIP 38, etc., so that Nostr can have encrypted group    |
| chat capability.                                                               |
|                                                                                |
| By doing so, we can build a permissionless economy as originally intended and  |
| create a network of exchange that relies solely on the protocol.               |
|                                                                                |
| Too many of us are using third-party apps and sites regularly. We must have a  |
| thriving local P2P economy first and foremost.                                 |
|                                                                                |
| A good question to ask yourself: if every exchange, payment processor and      |
| bitcoin app went offline tomorrow, would you still be able to buy, sell and    |
| trade for bitcoin?                                                             |
|                                                                                |
| If not, you have some work to do over this holiday break—myself included.      |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 860d -----------------------------------------------------[...]+
|                                                                                |
| Liquid isn't a long-term scaling solution on its own (that's obvious), but     |
| federations can and will be part of the solution.                              |
|                                                                                |
| Many federations (both off-chain like Fedimint and on-chain like Liquid) will  |
| scale #Bitcoin alongside Lightning, which will play a key role as the          |
| connective tissue between different protocols.                                 |
|                                                                                |
| There will be no 'one size fits all' scaling solution but rather a range of    |
| complementary protocols that cater to specific use cases and markets, each     |
| addressing different challenges with a unique set of trade-offs.               |
|                                                                                |
| In July, I wrote about this and the importance interoperability will play      |
| within second layers and think it's even more relevant today with the          |
| discussions happening over the past week. Give it a read if you like.          |
|                                                                                |
| https://blog.blockstream.com/increasing-interoperability-between-bitcoins-seco |
| nd-layer-protocols/                                                            |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 863d -----------------------------------------------------[...]+
|                                                                                |
| For the average pleb using a software wallet, your sats flow and time horizons |
| should be as follows:                                                          |
|                                                                                |
| Lightning <> Liquid -> Bitcoin                                                 |
| days -> months -> years                                                        |
|                                                                                |
| Stack smart, hodl Liquid in the mid-term and occasionally swap to Lightning    |
| for daily use, then to mainchain when fees are low for long-term savings.      |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 867d -----------------------------------------------------[...]+
|                                                                                |
| It has had 85 support for awhile now my man.                                   |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 867d -----------------------------------------------------[...]+
|                                                                                |
| More educators and Bitcoiners should be onboarding newbies to Liquid first,    |
| with Lightning as a next step, imho.                                           |
|                                                                                |
| It's not just easier from a technical view to onboard to Liquid these days     |
| given the high-fee enviro but conceptually and in terms of natural learning    |
| progression it makes the most sense.                                           |
|                                                                                |
| Sidechains are a far more digestible concept than payment channels/liquidity   |
| mgmt after first learning about Bitcoin and blockchains.                       |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 868d -----------------------------------------------------[...]+
|                                                                                |
| The issue with Argentina abolishing its central bank is that they have plans   |
| to dollarize, so they are merely trading their own for one controlled by       |
| bureaucrats in DC, in which they’ll have far less agency with and control      |
| over. Situation is even more dire given their outstanding debts (some of the   |
| worst in the world) to the IMF and the like.                                   |
|                                                                                |
| I understand dollarization (something El Salvador also did in the 2000s) is a  |
| somewhat necessary step to lower inflation and have price stability in the     |
| short term, but on the one hand, skipping dollarization and going right to     |
| bitcoinization would be the true “anti central banker” visionary move...and    |
| have the potential to free Argentina of the shackles of its international      |
| creditors much quicker.                                                        |
|                                                                                |
| Of course, another probably more politically viable option would be to follow  |
| Bukele's playbook of playing just nice enough with the IMF and other creditors |
| while buying #bitcoin...with the same end goal in my mind.                     |
|                                                                                |
| Let's wait and see what role bitcoin will play, if any. The jury is still out  |
| in my opinion but they do have a historic opportunity to show the world the    |
| potential of bitcoin.                                                          |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 310d -----------------------------------------------------[...]+
|                                                                                |
| This week, Tether issued more USDT-Liquid due to rising demand, tripling the   |
| amount in circulation (~100M) to surpass the total USDT in circulation on      |
| Tezos, Polkadot, and others.                                                   |
|                                                                                |
| A few points on why                                                            |
| nostr:npub1nyyhnqahf3cgqzcc927x7eqyd2msgplfe27ddn6hpgu2m200wh2s0s7gan and      |
| other bitcoin L2s will continue to eat up liquidity from alts.                 |
|                                                                                |
| First, some context, Liquid has accomplished this with effectively:            |
|                                                                                |
| - no speculative markets (governance token, NFTs, memecoins), the main driver  |
| of volume on alts.                                                             |
|                                                                                |
| - no comparable marketing budget, eg, Polkadot spent $37M alone in H1 2024 on  |
| promotion:                                                                     |
| https://forum.polkadot.network/t/polkadots-astonishing-marketing-spending/8945 |
|                                                                                |
| Instead, the Liquid ecosystem has prioritized the development of native        |
| features and infra for bitcoin capital markets (confidentiality,               |
| nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n AMP,     |
| legal frameworks, etc) -- resulting in organic growth of securities issuances. |
| (RWA TVL on Liquid recently hit >2.5B).                                        |
|                                                                                |
| This is further validation of the effectiveness of bitcoin's design philosophy |
| vs crypto, ie the prioritization of security and low-time preference.          |
|                                                                                |
| The downside, however, is that alts can fill these niche, emerging needs       |
| faster and extract value from bitcoin in the short term.                       |
|                                                                                |
| Alternatively, with the new language Simplicity coming to Liquid mainnet next  |
| month (and potentially bitcoin in the future), the gap in developer UX and     |
| expressivity will be largely addressed as Simplicity competes directly with    |
| ETH's Solidity.                                                                |
|                                                                                |
| It will certainly take longer for the larger-cap crypto L1s to succumb, but    |
| we've already started to see cracks and a shift back to bitcoin. Eg:           |
|                                                                                |
| Vitalik wanting to simplify ETH like bitcoin:                                  |
| https://www.coindesk.com/markets/2025/05/05/vitalik-buterin-wants-to-make-ethe |
| reum-as-simple-as-bitcoin                                                      |
|                                                                                |
| Hoksinson considering moving ADA treasury into BTC:                            |
| https://www.msn.com/en-us/money/markets/charles-hoskinson-wants-to-swap-100m-i |
| n-ada-for-bitcoin-more/ar-AA1GJZq7                                             |
|                                                                                |
| There's still a long way for Liquid to catch up, but as altcoin marketing      |
| budgets dry up and they continue to lose value relative to BTC, we will likely |
| see this trend and convergence accelerate, possibly to the point where some    |
| re-denominate their governance tokens in BTC and market themselves as L2s.     |
|                                                                                |
| The great thing is you can still front-run them all by buying bitcoin.         |
| https://blossom.primal.net/dd47178c64c7fcf8ad379fe2bc20e6b020499fd50b4466d4375 |
| 18ac1590b0730.jpg                                                              |
| https://blossom.primal.net/e1643f7c9a5763658c4984ea1e940d1489c64172230bd4280fb |
| 492f54d6ba1de.png                                                              |
| https://blossom.primal.net/5dd9dd5214a012a5e747d198cdb64fc45b77b49922054ab683d |
| 283fdee0ebbba.jpg                                                              |
|                                                                                |
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+- prochronist -- 533d -----------------------------------------------------[...]+
|                                                                                |
| Currently at a nostr workshop from the guys at                                 |
| nostr:npub1wqpvs2tewfzm2vug3g3jk4935m2q32rmd6gptskeeffqwe4dnxvsj6fvyy.         |
|                                                                                |
| What is everyone’s favorite client/wallet combo? If I’m using primal mobile,   |
| best to just use the in-app wallet?                                            |
| https://m.primal.net/LxxW.jpg                                                  |
|                                                                                |
+-- reply ------------------------------------------------------------------- ---+

+- prochronist -- 634d -----------------------------------------------------[...]+
|                                                                                |
| There’s lots of innovation happening in the L2 wallet space.                   |
|                                                                                |
| We used nostr:npub1ajlrwgfj4yerhqf7ady03h7wmtk2qr3gs7h3sxcx83k05yld36sswpzx3q  |
| to accept mainchain, Lightning, and even some USDT (via                        |
| nostr:npub1nyyhnqahf3cgqzcc927x7eqyd2msgplfe27ddn6hpgu2m200wh2s0s7gan) at the  |
| Blockstream booth at B24 without a hitch. It’s one of the best mobile wallets  |
| for POS and is what I personally recommend for onboarding newbies these days,  |
| given there is no channel rebalancing/management.                              |
|                                                                                |
| And if the rumors are true, looking forward to even more stables (there are    |
| quite a few now on Liquid) being added to the Aqua app soon.                   |
|                                                                                |
| My basic set up is using Aqua day to day and Green for long-term hodl - given  |
| it has hardware wallet integration and you can connect your node - but I am    |
| also keeping a close eye on the Blitz wallet.                                  |
|                                                                                |
| Exciting times ahead!                                                          |
| https://m.primal.net/JkRM.jpg                                                  |
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+- prochronist -- 720d -----------------------------------------------------[...]+
|                                                                                |
| Those of you wondering if you’re still early to Bitcoin.                       |
|                                                                                |
| https://www.rooster.info/p/ohio-state-chris-pan                                |
| https://m.primal.net/IEBX.jpg                                                  |
|                                                                                |
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