Nostr Web Client

💯 when he’s got nothing left to stand on, he runs back to Bitcoin. He even dropped the dot eth from his name. Bet he’ll drop this act at the first opportunity

Melvin Carvalho 2y ago

Block size war was an amazing thing. For the first time in history a group of volunteer open source developers stood up to billions of dollars venture capital, millions of users, most of the hashing power. It went to the market ...

And the developers won!

The reputation of developers in an open source project was worth more than 100mm, or even 1Bn, in VC money per person. That's why in bitcoin, reputation is more valuable than anything

It was a first in history, and it's why we still have open source bitcoin

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Discussion

Avi Burra 2y ago

Well said 👏👏

MainStreetChungus 2y ago

🤯 how did I not realize that the block size war was about entrenching big tech into the industry. Learn something new everyday.

Melvin Carvalho 2y ago

Exactly. Had very little to do with block size. Arguably a bigger block size is better. But segwit actually was roughly a 2x block size increase anyway.

nobody 2y ago

I dove down this rabbit hole a few times. Convoluted to uncover what actually happened and what is just remnants of the smear campaigns. TBH I'm always just a bit disappointed merchant adoption and retail use didn't catch on or develop faster.

The Daniel 🖖 2y ago

And the crazy part is, their scaling “solution” was such a total failure that even the industry with all their resources couldn’t find a way to profit from it, so they invented PoS shitcoins instead.

MainStreetChungus 2y ago

Damn lightbulb moment for me thank you.

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Siggy47 2y ago

Reading the book I am amazed at the arrogance of Gavin and the big miners, who basically believed node operators were irrelevant.

Melvin Carvalho 2y ago

Yep, the BIP system was introduced to slow Gavin down

w3ird_ 2y ago

what a dumb thing to say

KingArctan 2y ago

Bitcoin is only interesting because node operators matter, thank God.

StackSats.IO 2y ago

How important do you think the Nostr-based GitHub replacement is that Jack has put up the bounty for?

Melvin Carvalho 2y ago

It depends how it is done

Uncenorable code is pretty powerful

Has the potential to change humanity

I dont think bitcoin being on github is much of an issue, there are many forks of it too

StackSats.IO 2y ago

What elements would it need to be done right?

Melvin Carvalho 2y ago

That would come down to individual preference. Which is why it's good there's a bounty, and people can try different things

Personally for me, I would want to see an extensible system that tracks git code, and gets realtime updates, so that it can deploy the latest version

That code should be able to move from one location to another seamlessly, e.g. github -> gitlab -> own hosting -> github again

Then an extensibility mechanism for other features, comments, pull requests, bounties, on-chain commitments, smart contracts, bot frameworks, data provenance etc.

StackSats.IO 2y ago

Think you commented something recently about a “git relay type” so as to not shit up the network with code right?

You think that’s going to be another layer, or more like a different set of ports on the existing protocol?

Melvin Carvalho 2y ago

You cant really predict these things, any more than you can predict what you will dream at night

You can try things, and see what sticks

Specialist relays are part of nostr, because nostr can service so many different use cases

It might make sense to separate text notes and git updates, because there are logically different audiences. Though there can be some overlap

I definitely want to do development over git+nostr though, so that I'm not locked in to centralized frameworks

morningglow 2y ago

Those were the days. Listening to World Crypto Network as the drama unfolded. It was touch and go for minute. Thank god for the threat of the UASF (User Activated Soft Fork).

Melvin Carvalho 2y ago

UASF tipped the scales

The major battle happened on the segwit2x mailing list

Melvin Carvalho 2y ago

Even though segwit2x backed down

Roger Ver then swooped in with BCash

People dont realize how much of an existential threat that posed to bitcoin

The nature of difficultly adjustments would have meant that if Roger has got majority hashing power (he almost did) then the bitcoin chain would have frozen, all miners go to bcash (except slush at 4%) due to increased profitablility

Bitcoin would have frozen and the difficultly adjustment would not have helped, as it would go into famine and feast like testnet. Miners hold off until btc mining gets 4x cheaper. Then mine a cycle of blocks and freeze it again.

The bcash supporters, rick, kim dot com, craig, roger etc. really were trying to kill bitcoin. A hard fork would have been needed to change the difficulty algorithm, for it to survive

9dc5a60d... 2y ago

was there a specific episode that you can reference, would be very interested to listen to.