Cryptocurrency: The BTC Lightning Nodeless Scam - Dumb Saylor Maxi's and Dorsey Donkey's
Sorry kids, you can't wrap shit around a turd and claim you invented gold. Bitcoin-BTC-Lightning is the worthless turd that fools and charlatans are trying to turn into gold. It simply doesn't can't and won't work. Nodeless is a GovCorp custodial intermediary to BTC-LN. Silicon Valley Crypto is not altruistic, it exists to make money, any way, and by any lie it can, period, any human benefit is secondary. As far as Human Freedom goes, it's all garbage... Govt and Banks are now all feeding the hype on Bitcoin because they know that since it is not privacy-enabled and that its low txrate and storage demands and fees and corporate dominated ASIC mining all continually forces it toward full custodial and censorship for 90% of humanity, that they can eventually control and usurp it into becoming their Devil's CBDC, now being trojaned upon the 90% with great fanfare of "Bitcoin" "laser eyes" "gainz" etc, great wealthy powers playing their extraction game as usual. Yes, you likely will make $big gainz from Bitcoin. But for so long as Bitcoin refuses to change to become a true p2p private scaleable simple cash, and for so long as no other Satoshi's stand up to create one, it eventually won't be usable as *your* Bitcoin, thus becoming useless for *your* Freedom. The best it can offer is a bizarre disheartening mashup of 1984 over Utopia. As the saying goes, "Money buys neither Love nor Freedom". And Freedom has never come from any Corporation or Governor. So quit lying to yourselves, put your Freedom hats back on, and go develop and release a simple private p2p electronic cash for the world. That's all humanity really wants, everything else comes later from that. https://www.forbes.com/sites/digital-assets/2023/06/26/spains-largest-bank-j... https://nodeless.io/ https://decrypt.co/146312/meet-nodeless-the-non-kyc-bitcoin-lightning-proces... https://decrypt.co/92482/bitcoin-payments-firm-opennode-closes-20m-series-a https://www.youtube.com/watch?v=eafzIW52Rgc Docu: WHO KILLED BITCOIN https://www.youtube.com/watch?v=Vq9bCuM0YQ8 Docu: QUIEN MATO BITCOIN https://www.youtube.com/watch?v=0BZoKH-hX_o Why Blockstream Destroyed Bitcoin https://github.com/davidshares/Lightning-Network https://www.youtube.com/watch?v=6V365_59-Lc The Truth About The Lightening Network https://www.youtube.com/watch?v=UYHFrf5ci_g How The Banks Bought Bitcoin Lightning Network https://www.youtube.com/watch?v=k14EDcB-DcE What is the Lightning Network https://www.youtube.com/watch?v=pOZaLbUUZUs How Bitcoin Lightning Channels Work https://www.youtube.com/watch?v=rYBOqW9SDmE Blockstream Turning Bitcoin Into Fiat https://www.youtube.com/watch?v=rgts1qb0hLY Lightning Network Onion Routing Lack of Anonymity and Other Woes https://www.youtube.com/watch?v=sbD0kiTddEs Big Blocks Can Scale But Will It Centralize Bitcoin https://www.youtube.com/watch?v=tKYEQVPklLI Will Bitcoin Lightning Network Hubs Be Regulated https://www.youtube.com/watch?v=yGrUOLsC9cw Why The Lightning Network Does not Scale BTC Lightning Sucks, plenty more videos out there explain why that is. - All parties must be online, will not be used by sleeping antipodals - No cryptographic level of privacy - Only useful to preload (thus lockout) your funds from all other possible [priority] uses that may arise. - Only useful in a one way stream to a pre-known single recipient, such as a grocer or biller. - Bi-dir channels are made irrelevent by old school offline difference-keeping with settlement later, for less fees than all the channel and node bullshit would entail. - Fees already invalidate most small purchases, and will eventually eat up most other use cases since they all ultimately require settlement onchain. - Centralization regulatory nightmare. Bitcoin-BTC will now only be used as value store, it's fees will rise to alienate 90+% of humanity leading to paper shareholding schemes over centralized custody pools, and will, after one or two more huge waves, if left unchanged, be eventually obsoleted by a simple private p2p cash in the next 10 years. While riding the wave, seek the cash. "WHO KILLED BITCOIN?" "Just keep a tab" Lol, that's not how the real world works. BTC+LN+whatever is taking an unnecessary bet on futures, that somehow it will maintain stride for a final cutover to Freedom mode, or that a mass humanthink compromise on Freedom will be accepted before usurpation, rejection, or competition occur. None of those are likely. Whereas crypto's history to date has already shown that the raw power of millions of people with a *real* cash in hand around the globe is unstoppable. Make a simple private p2p cash now! That is what Maxi's are really describing, but are misattributing to BTC. DeFi systems, and everything else, will come to use that cash later. https://decrypt.co/146312/meet-nodeless-the-non-kyc-bitcoin-lightning-proces... Meet Nodeless, The Non-KYC Bitcoin Lightning Processor Jack Dorsey Tweeted About The platform makes it possible to accept Bitcoin Lightning payments without Know-Your-Customer requirements. Late last week, Jack Dorsey tweeted a link to Nodeless —and nothing else. Although cryptic, the mention seemed like a stamp of approval for the platform from one of Bitcoin’s most famous backers, sparking buzzy excitement as well as some debate over the merits of the Lightning payment processor. https://t.co/LZmNol22Ho — jack (@jack) June 22, 2023 What is Nodeless, exactly? In short, merchants can add the tool to their website to accept Bitcoin payments more easily. Specifically, it helps with making transactions over the Lightning Network, which offers cheaper and faster payments over Bitcoin and is widely heralded as the most likely method through which Bitcoin will go mainstream. "Our goal is to make Bitcoin a medium of exchange by making it as easy as possible for merchants to accept Bitcoin," Nodeless's pseudonymous creator UTXO told Decrypt. Still, using Lightning non-custodially—without a middleman taking control of a user’s funds—can be tricky for newer users. In some ways, Nodeless's functionality is similar to OpenNode, another Lightning-based Bitcoin payments provider. But Nodeless offers one key difference: users don't have to share identifying information to begin accepting payments using the platform. In other words, it's a non-KYC (Know Your Customer) service. ‘Nodeless’ payments Using Lightning non-custodially generally requires a user to run their own Lightning node. This can be tricky for non-technical users or users strapped for time. There are already platforms out there like Voltage or Greenlight, however, which provide a one-click solution for setting up a Lightning node, and where users don't have to maintain the node over time. But Nodeless takes a different approach. Nodeless is "nodeless" in the sense that a merchant accepting payments doesn't have to run their own Lightning node—which takes time and resources to establish and run, and eats up computational resources. There's still a node involved—a node is always involved when sending a Bitcoin or Lightning payment. But instead of a user running their own node, Nodeless's node is the one passing on the payment. When a payment is sent to the merchant, it's sent to Nodeless. Nodeless then immediately sends the payment to the merchant’s on-chain or Lightning address. "Technically we custody individual payments for several seconds while the payment is in transit. We believe this is a fair trade-off versus the complexities of running a lightning node," UTXO said. So, Nodeless is technically a custodial solution in that it holds a user's funds for a minute. But it promises to give it back very quickly. Users provide a Lightning address or cold wallet storage Bitcoin address to which Nodeless will promptly forward the user's funds. Privacy money Some Bitcoiners expressed skepticism about this model, arguing that as the company grows, KYC requirements from governments will get more stringent. Or, since Nodeless is technically a centralized solution, governments could conceivably step in and force the company to stop transactions it doesn't like. But UTXO thinks Nodeless can bypass these pressures. Nodeless operates legally in Canada, where transactions under $1,000 don't require KYC identification. In the long-term, they're looking to move to El Salvador, known for its lax measures toward Bitcoin and cryptocurrencies, where UTXO said "this business is welcomed with open arms." "I also think [governments will] be more interested in the non-KYC custodians before Nodeless," UTXO said.
" MasterCard backed the DCG. The DCG supported limiting transaction capacity to 1MB. The DCG tricked industry participants into activating Segwit, hosting meetings where they negotiated to increase the transaction capacity of the Bitcoin network to 2MB in exchange for activating Segwit. Segwit changed the Bitcoin protocol to allow competing networks (the Lightning Network) to make BTC transactions without paying the miner's transaction fee needed to secure the network. (an attack on the Bitcoin security model that becomes apparent as the block reward diminishes 8 - 12 years from activation.) The conflict of interest is paying to limit blockchain transactions so they can profit from the off-chain transactions that are secured by transaction fees - and the block subsidy paid to miners. BCH is a fork that rejected the above-mentioned corruption. The DCG borrowed BCH (newly split coins) from many wealthy Bitcoin holders. It offered to pay a high interest to encourage lending. The DCG sold BCH crashing the BCH price. The DCG is now almost defunct and unlikely to repay the BCH it borrowed. The net result is they depreciated BCH (the idea behind Bitcoin) and got their Segwit trojan horse protocol chang injected into Bitcoin, and MasterCard business is not under threat. a Win-Win for DCG. "
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grarpamp