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You can purchase it from any currency in the world, and Try to enter at a low level of Bitcoin and hold it for some duration and try to sell at a good margin. So right now, we are just going to keep working like we’ve been doing for the past few years, try to make sure that we discuss on IRC a lot more, so that many people can see all of the small nitty-gritty details of how every feature is moving forward. So, everyone is okay with just having all discussions on the IRC channel and we’ll start that and we’ll see how it goes. So, I don’t know if there’s much to talk about there. There’s also a bit of talk about, I guess, the lack of penalty. As Roubini put it in the Goldman report, “Bitcoin and other cryptocurrencies have no income or utility, so there’s just no way to arrive at a fundamental value.” He also scoffs at those who call it digital gold. In the case of contracts using multiple oracles (e.g. multiple price data providers for an exchange rate contract), there’s a further simplification and reduction in the amount of data required. Bastien Teinturier: Hmm, on the first one, it was just about using threshold signatures, and I think there are cryptographic details to iron out before it becomes a real possibility.

Bastien Teinturier: I think Greg implemented that, so… Bastien Teinturier: I think mostly that it’s starting to work fine and we’re starting to have good velocity on the spec process on some of the important features. Mike Schmidt: Next section from the newsletter is Releases and release candidates; we have two. Mike Schmidt: Any final words as we wrap up this section of the newsletter? ” Or, is it just generally that everybody should only take as little time as possible, as in, “I propose this and we wrap it up immediately, we finish up our commitment transaction”, and then it’s nobody’s turn for a while until somebody starts taking a turn again; or, how is it ensured that everybody can take turns when they need to? This is moving slowly, and I hope it gets done at some point, but this is going to take time. After a month or a year at the time of overall profit, the asset could be sold after comparing with your purchased amount.

The best idea is to have the bot move into the market position over time as there might be hundreds or thousands of people running the same bot at the same time. As a result of the falling demand, dogecoin (DOGE) replaced BUSD as the ninth-largest cryptocurrency by market capitalization, according to CoinMarketCap. The grid trading bot on the Futures market is more suitable for those who prefer perpetual futures trading. We want to make sure that we use IRC more for day-to-day communication, and to make sure that because right now, communication has been scattered across different smaller groups who are implementing different features. For example, for implementing splicing, the splice implementers created their own Signal or Discord groups to do day-to-day discussions without polluting the main IRC channel. And we decided that we should just pollute the main IRC channel for everything, because it has been dead for a month, and there was just no activity on that IRC channel, which was really sad.

Like, people might not want to just replace the current types of channels with a penalty-list channel. But the current LN as of today is 100% penalty-based, and it doesn’t seem like it’s going to change much. So basically, it’s not quite latency optimal, but if you’re not doing anything or if you have a pending update you want to give, you can prompt a yield from them to take your turn. Is there anything notable to take away? Greg or t-bast, is there anything that you think the audience would benefit from knowing about those discussions? Greg Sanders: Well, it’s always someone’s turn. Greg Sanders: Yeah, so I implemented this for LN-Symmetry because it’s symmetric for protocol, so it makes sense, right? Mike Schmidt: Yeah, thanks for jumping on, Greg and t-bast. Mike Schmidt: There were two other items from the notes that we didn’t cover that I wanted to give either of you an opportunity to comment on. On the spec itself, there was a proposal to move to working groups to split the specification into different working groups. Mike Schmidt: The last item from the LN Summit is about The specification process. Maybe you can kind of put it to rest why that wasn’t a main discussion item during the meeting and why?