whaack[asciilifeform]: howdy
whaack[asciilifeform]: just got back from dominical
whaack[asciilifeform]: they have segwit/lightning network setup in the farmers market as well as the more popular restaraunts there. i paid for pretty much all my food with 'bitcoin' while i was there
PeterL[asciilifeform]: oh, hi whaack
whaack[asciilifeform]: i also found out about https://www.bitrefill.com/refill/?hl=en <-- lets you renew local costa rica phone number data with bitcoin payments. works well
whaack[asciilifeform]: billymg & awt ^
whaack[asciilifeform]: PeterL: What you up to now adays?
awt[asciilifeform]: I used to use bitrefil.
PeterL[asciilifeform]: I've been pretty busy with day job, running kids around town in the evenings (all four of them are in sports)
asciilifeform: wb whaack
billymg[asciilifeform]: hey whaack, wb
billymg[asciilifeform]: sounds cool, i've still yet to visit
asciilifeform rolled back to 9973
signpost[asciilifeform]: whaack: isn't clear that waiting 10min for an in-person transation will ever work. something approximating lightning isn't even a bad idea, though there's no reason it had to rely upon segwit.
signpost[asciilifeform]: *transaction
whaack[asciilifeform]: signpost: i don't think the issue is waiting 10 mins. i think the issue is the tx fee. i say this because i don't think merchants are going to lose too much money because of their clients double spending.
signpost[asciilifeform] has some insight into e.g. credit card network fraud rates
whaack[asciilifeform]: i think the easy solution is just custodial bitcoin for low value transactions
signpost[asciilifeform]: it's not negligible in that while it may be uncommon, the merchant that gets hit with the unexpected is fucked
signpost[asciilifeform]: yep, proper solution looks not unlike the traditional model: a network of custodians with more incentive to collaborate than defect.
whaack[asciilifeform]: that's basically what is happening in CR's "Bitcoin Jungle"
signpost[asciilifeform]: re: fraud rates smaller merchants operate narrower margins so uncommon-but-costly events can still kill 'em off
signpost[asciilifeform]: whaack: did you happen to ask anybody how they feel about accepting buttcorns vs usd or colones? just curious
signpost[asciilifeform]: what are they saving in?
whaack[asciilifeform]: signpost: yes i spoke to 1 business owner. he said that the btc volume is low and so he just saves any btc profits in btc. he said if he ever needed to he would sell btc to cover costs, but for now he is stacking the volume he gets.
signpost[asciilifeform]: pretty cool
whaack[asciilifeform]: and from hearsay information i think that is what most are doing
whaack[asciilifeform]: the cool thing is that the town is all interested in btc, and any time you pay someone with btc they have an immediate use for it
signpost[asciilifeform]: tbh if one layers a wot atop, why not accept zero-conf txns of low sum.
signpost[asciilifeform] actually wrote a wot for ethereum, have not done anything with it, just farted it out as an experiment.
signpost[asciilifeform]: for bitcoin one'd probably put the reputation layer in oh, say pest!
bitbot[asciilifeform]: Logged on 2022-09-15 14:44:35 whaack[jonsykkel|awt|shinohai]: signpost: yes i spoke to 1 business owner. he said that the btc volume is low and so he just saves any btc profits in btc. he said if he ever needed to he would sell btc to cover costs, but for now he is stacking the volume he gets.
bitbot[asciilifeform]: (asciilifeform) 2022-01-15 asciilifeform: recommends his strategy -- of conducting biz in btc strictly to fill a hodl -- to others, but not under illusion that it is generally applicable
asciilifeform: http://logs.bitdash.io/pest/2022-09-15#1012908 << considering that there aint such a thing as a portable trb node, one's stuck using ~some~ ersatz or anuther, aha
bitbot[asciilifeform]: Logged on 2022-09-15 14:36:59 whaack[jonsykkel|awt]: i think the easy solution is just custodial bitcoin for low value transactions
awt[asciilifeform] is currently "drowning in liquishit" though thankfully at least no javascript.
phf[asciilifeform]: http://logs.bitdash.io/asciilifeform/2022-09-15#1113816 << works as intended, huh
bitbot[asciilifeform]: (asciilifeform) 2022-09-15 copypaste: if no one wants to peer w/me that's fine lol enjoy your secret club i guess, the lack of a default way to peer probably prevents a lot of spam but also makes ur network dead
phf[asciilifeform]: http://logs.bitdash.io/pest/2022-09-10#1012640 << i feel like it's traveling around, i went to concert on monday, ended up tearing up my throat from screaming in mosh pit, but now i feel like it slowly transitioned into some kind of mild flu
bitbot[asciilifeform]: Logged on 2022-09-10 13:05:43 billymg: finally caught the vid. nothing terrible but slept like shit last night
phf[asciilifeform]: horse girl saw me and said "you got the vid huh, several people got knocked out this week"
phf[asciilifeform]: awt and company, can someone make an executive summary of the recent blatta woes? is it related to the address algorithm? in any case i'm going to come back to the subject in the next few days. did the recent discussions potentially change the details of implementation, asciilifeform?