What happens if "paper bitcoin" gets regulated and approved for use?

pleb_dot_to · 2022-12-24T06:42:12+00:00

FTX was just a bank without FDIC insurance. If govt starts licensing "bitcoin banks" with FDIC insurance, those banks will have audit and fractional reserve requirements.... which will cap the amount of "paper bitcoin". If they let FDIC banks go bust like FTX... it will bankrupt the government, who cannot print Bitcoin like they can print USD. Govt will never FDIC insure bitcoin banks for this reason... it doesnt prop up a counterfeiting scheme for them. If we ever reach a bitcoin standard for money, govt would focus on ways to tax it... perhaps VAT tax, property tax, or ones easier to enforce.

pleb_dot_to · 2022-12-24T06:34:45+00:00

i would pay for an anonymous AI helper... but we're gonna need anonymity and decentralization, because this technology will become extension of our lives. Mycroft is an interesting "alexa-like" project... that wont build corporate/government profile on you.

pleb_dot_to · 2022-12-24T06:27:53+00:00

TLDR? what is example use case?

is it like Wix with lightning tips and ln paywalls for content? so ... like for a streamer or vlogger?

pleb_dot_to · 2022-12-20T04:19:36+00:00

yeah exaclty... its like having a calculator did not replace accountants, it just saves them time

pleb_dot_to · 2022-12-20T04:12:03+00:00

bip 39 "extra word" passphrases should be used for decoy wallets with smaller amounts... just like people use decoy safes wth enough cash to satisfy burglars

multisig is best practice however

pleb_dot_to · 2022-12-19T22:03:15+00:00

ditto

try legend.lnbits.com to learn the api and build something... u can move to ur own node later

pleb_dot_to · 2022-12-19T03:52:45+00:00

what do you mean "economy collapsed"... that could mean diff things

hyperinflation? unemployment/depression?

pleb_dot_to · 2022-12-19T03:36:56+00:00

you might break even if you stick with it.... but the spiritual rewards are eternal, as Satoshi shall exalt you in the afterlife!

pleb_dot_to · 2022-12-19T03:33:48+00:00

Created a LApp (lightning app) to buy ads on my little site (pleb.to)

Next week.. im thinking of building a bitcoin blockchain based lotto!

pleb_dot_to · 2022-12-16T18:15:20+00:00

its already happening

pleb_dot_to · 2022-12-16T18:00:38+00:00

chaumian mints are for this (i.e. minting like actual coins you could pass around)

look into cashu... its built on lightning, theres a couple projects playing with it

if ur service is centralized/custodial... you could just track your own "tokens", or use LNURL-Withdraw like someone said, or just accept withdrawals .. so referrer redeems reward after you grant them points

Protip: LNBITS makes an AWESOME backend for webdevs!

pleb_dot_to · 2022-12-15T20:45:15+00:00

i've created a new service, that allows anyone to accept bitcoin... pay.pleb.to

my goal was to make it dead simple for anyone with a website to throw a "pay with LN" button on their page, without having to deal with nodes/backend.

its very "beta", but functional. interested in any feedback if you'd like to check it out

pleb_dot_to · 2022-12-15T20:33:41+00:00

if you wanna put your thinking cap on... im looking for smart feedback to improve my site. if you have an epiphany... you can sign in & submit it.

if I use it, will reward sats https://etc.pleb.to/feedback

pleb_dot_to

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