Nostr Web Client

Main points are:

1) Most people will come into cryptocurrency through Bitcoin

2) Bitcoin has "good enough" privacy in some cases, and can be drastically improved still

3) Bitcoin's network effect mean that my work on Bitcoin can have an outsized impact compared to Monero

4) Monero doesn't need what I can do as much anymore, lots of other's have taken up the mantle

5) If no one sticks around in Bitcoin to push for non-custodial/private usage, that will die and Bitcoin will be a Panopticonic nightmare for the world, so I can keep doing my part to push against the tide of "adoption", KYC, and custodial wallets etc.

6) Lightning shows a lot of promise of non-custodial usage + privacy improves, all of which is possible and most needed solutions have already been proposed

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Discussion

No part of me coming back to Bitcoin is profit-related, purely trying to figure out how I can do the most impact for good with my time around here.

ShiShi21m 2y ago

Makes sense,

Things get clearer over time & working for self custody is what we need.

Cheers 🤙.

viktorv 2y ago

Excellent summary Seth, glad you took this path. I learned a lot from you about Monero and benefited greatly. Re: Bitcoin, Points 2 and 5 specifically were very important to me personally and for us as a business. Pushed us to increase our focus on Bitcoin (shifting from earlier XMR priority) and coming up with projects to contribute + going to meetups/conferences to learn and build relationships. The upside is tremendous, failure is catastrophic given the potential, and there is a lot each of us can do to contribute.

Glad to hear it!

I definitely agree, while I think XMR *support* is vital, I don't think you as a business can ignore Bitcoin support because of it.

Biggest thing for me is just ensuring as many merchants as possible allow the optionality of Monero payments as preserving privacy with Monero is still *so* much simpler than Bitcoin/LN today.

In an ideal world Monero doesn't have to exist long-term because Bitcoin's privacy tooling and self-custody solutions improve enough!

This is something I haven't talked about publicly yet, but some of the key reasons why I've shifted focus back to Bitcoin over Monero (but haven't abandoned Monero or changed my stance on it as a powerful tool for freedom!) in the last ~1y below:

#[0]

We're certainly glad to have you ser.

Smith 2y ago

Agreed and #Nostr is a better place now that #[3] and #[2] are here! Love you guys, keep educating us

Cheers Dave!

Smith 2y ago

In the interests of learning and helping a Nostr newbie I don’t mind if you try a Zap on my post. I can they say I helped the esteemed QnA, it would make my day!

I don't think my setup is fully NIP57 compliant yet (waiting on BTCPay) but...

Sending client doesn't have to do anything for support AFAIK, so should work fine for sending :)

Yeah the NIP is for the receipt part to allow for live amount updates etc, right?

AFAIUI, yes, the Nostr portion is done by the recipient's node/software, sender just has to support LN addresses of course.

Smith 2y ago

That worked, as Seth said the sending client is separate and can be whatever client your Nostr client supports. Damus is what I use on iOS and Amethyst on Android

🤝

Jimmy 2y ago

Appreciate all you do Seth!

Omekau 2y ago

Respect 🫡

How do you see monero as tool for freedom?

https://bitcointv.com/w/d577b95c-a237-4d2d-8c6b-c7a353321305

Two pieces of content where I lay out this view here:

https://www.youtube.com/watch?v=-U2NqRpcqwk

Will check it out! Thank you!

Why is mining empty blocks not a valid decision miners or pools can make? Devs decide what is a good use or am i misunderstanding what you said at HCPP22?

Mining empty blocks is disincentivized through transaction fees, so would only be done with other incentives (like a government subsidized pool to attack the network, or the government themselves attacking the network.)

There is no “legitimate” reason to mine empty blocks unless there are 0 transactions in the mempool.

Thank you for responding. I understood that mining empty blocks is not economical (in probably all cases) but a developer decision what is good or bad isn't better imho. And force-feeding "updates" (from devs who can be, i suspect, easily brought to service from [entity]) to users like in the case of monero isn't a viable solution for me.

I'm not sure your point, devs have no control over blocks being empty or not.

decentralized pools via p2pool - /censoring or mining empty blocks/

Devs provide sw which censors miners mining empty blocks.

Anyway i don't agree with many other statements provided at your presentation. But since it do not hold monero bags i do not really care. ☮️✌️

Still not really sure what you mean, p2pool is entirely optional.

No devs are forcing anything?