I mean.. Self-custodial LN for the end user will just not scale. We can pretend otherwise, but he’s speaking the truth there.
Spark has a decent model with unilateral exit and only one exit tx.
All other models have high exit cost or don’t provide unilateral exit whatsoever.
To prevent centralization, more entities could spin up Spark Service Providers.
CEO of Lightspark, after working on LN together with its creator Tadge Dryja for 2yrs:
"Self-custodial LN will never work"
----
LN Strategy at Blockstream:
"I'm convinced that's where we continue to go. Reinvention of banks and IOUs with a better foundation."
⬇️sources
Crazy to me that people still mock or laugh at Laszlo for spending 10k BTC on a pizza, when he was a hero for kick-starting a real circular economy in Bitcoin all the way back in 2010.
We need to see more of that, not less! Let's make spending Bitcoin the standard ⚡️
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Satoshi Nakamoto owns:
1.1 million BTC
1.1 million BCH
1.1 million BSV
1.1 million BTG
1.1 million XEC
So why should he receive 1.1 million coins from every future fork that clearly is not Bitcoin?
While he did mine 1.1 million bitcoins, he didn’t contribute to the development & launch of any competing hard fork
Didn’t create CashFusion, CashTokens or Avalanche. Didn’t come up with BIP300 for Drivechains, didn’t create the tech being used on the sidechains, didn’t travel the world for 10,years to advocate for its activation as soft fork.
Satoshi Nakamoto did however support Namecoin (BitDNS), suggested it should be merge mined. But nobody gave him an airdrop unless he mined some.
Just dropped fresh print copies of @PassphraseMag at #Bitcoin2026 in Vegas.
Seeing people pick them up and actually read real bitcoin ink in the middle of this chaos is the best part. Analog still hits different out here if you’re around come grab one.
Most people try Bitchat once, think it's cool, and never open it again. Waiting for the apocalypse.
The mesh network effect is brutal in a specific way: if your friends aren't running it in the background, you open the app and see nobody. So you close it. The next person opens it and sees nobody. So they close it.
Keep it running. When the notification shows someone's on the mesh, write to them. Not because you have something urgent to say. Because that's how networks get built.
Before sharing something with a friend - a link, a thought, whatever - ask: "Is your Bitchat on?" Make it a reflex, at least among the people who actually care about this stuff. Make the mesh appear where you are - it should shine from your device, enrich the space around you.
The mesh doesn't become useful in a crisis. It becomes useful before one, by already being how you communicate in physical spaces. Crises just reveal whether the infrastructure existed or not.
Install it, keep it running, use it.
Another Bitcoin privacy tool fades out.
JoinMarket v0.9.12 shipped today as the final release. Repo is being archived.
First Wasabi 1.0, then Samourai, now JoinMarket winds down.
The fight for on-chain privacy keeps getting lonelier.
We're bringing fresh print copies of Passphrase Magazine to Bitcoin 2026 in Las Vegas! Come find us at @TheBitcoinConf
grab an issue, and connect with fellow Bitcoiners offline. DM us for meetup spots or tag us if you want a copy.
#Bitcoin2026#BitcoinVegas