Bitcoin twitter largely did not appreciate my assertion that halvings (green vertical lines) have effectively *zero* impact on price, and instead, people are conflating the halving bull runs with global balance sheet (orange line) bull runs.

What do you got, Nostr?

PS I say this, knowing full well:

a. the halving is a fun meme

b. the fed is reversing course just in time for the halving believers to (falsely, imo) claim victory

OK OK wait, can you use Alby on your phone to authenticate on Nostr apps? Or if not, what's the use-case (receiving zaps, etc)?

Ashamed to admit I took a social media (Nostr included) hiatus and am incredibly far behind 🙈

Yes, Bitcoin (more broadly, crypto) companies are a huge target for scammers. Buy Bitcoin, withdraw, call the bank to reverse the transaction, repeat.

Honestly, we (Swan) have done a really good job managing this as compared to our peers, but we're always wanting to do better. A single $10,000 reversal is 1000's of customers worth of lost revenue...

Good point re: scammers could continue entering routing/acct. We'd be put in a position where we're only offer faster unlock times for people verifying with Plaid (which, to my original point, perpetuates the surveillance/honeypot element of this).

It's a tough spot to be in.

Well said. That is the exact downside (further enriching a massive honeypot).

The value proposition to Swan is predictive fraud scoring. We already do this on our own (as a bitcoin company, you NEED to), but we enrich our data by tapping into Plaid's honeypot to get a score, which is ultimately based on whether the connected bank account has defrauded other platforms.

We wouldn't be pulling much besides the customer's acct/routing + that score.

we have customers manually enter account/routing numbers

Here at Swan, we've made it nearly 3 years without having our customers use Plaid to connect their bank account.

We're considering finally turning it on. While I hate the idea of helping a surveillance company get even more data, the reality is that reversal fraud is a plague on Bitcoin companies, and Plaid will help Swan to better manage the risk.

Of course, we'll continue to allow connecting manually via routing/acct #s.

Can anyone talk me out of launching with Plaid?

Ok, ok, fuck. Got distracted and went to the bird app for a bit to follow the banking crisis.

Doge shilling is the final straw. PV.

👏👏👏👏

can you not?

thought my address supported it

now you just need a lightning wallet set up so i can zap you

😜

I have no idea tbh!

Couldn't centralized platforms build on top of DIDs, which would make the communications layer centralized, whereas the nostr communications layer is fully decentralized?

I'm just pontificating I am not at all up to speed.

And if so, I can't help but think that centralized platforms will outcompete a decentralized protocol (in terms of funding, features, and so on).

And I can't decide if this is a major problem or not.

Can someone help my pea brain understand the fundamental difference between nostr and TBD's DID architecture?

In my head, the latter uses decentralized identities with centralized platforms, whereas the former is decentralized all the way down.

Is that right?

hey you're the #1 nostr influenceooooooor my guy!

🤝

just an opportunist quick buck

A really important part of Bitcoin Twitter is giving Bitcoin exposure to no-coiners.

How do we get them here?

https://guide.getzion.com/

similar idea as Nostr (censorship resistant, open protocol) but different implementation

https://guide.getzion.com/

Nostr and Zion are both revolutionary technologies.

But let's not discount the importance of Bitcoiners jumpstarting their network effects. Only an unbelievably loyal, committed, principled community of people can drive these from 0 to 1.

The pace at which we are catching - and in some respects already leapfrogging - the centralized platforms is breathtaking. Thank you to everyone involved.

PV ✊