TIL the Empire of Mali ruined Egypt's economy for 12 years by giving them too much gold. The ruler Mansa Musa was exceptionally wealthy. During his pilgrimage to Mecca with an entourage of 12000 servants and hundreds of camels with gold, he passed through Egypt and generously donated gold to everyone. The local market was not prepared for the sudden influx of wealth, merchants rushed to adjust the prices due to the rise in gold supply. This imbalance between supply and demand, contributed to a massive inflation that went on for over a decade. Mansa Musa ruled Mali until 1337.
For the love of gold.
There are pros and cons with the socialist economy model, it gives everyone opportunity and nobody gets left behind but it prevents anyone from doing better than the other no matter the output.
Challenge with this is when one is outperforming the other, or has diff goals and drive. I think the innovators and entrepreneurs have to be distinguished here.
Innovators who just want specific niche creation and have nothing to do with users, marketing, finance might like it. Entrepreneurs with drive would find it stifling.
There are multi million revenue making businesses out there using open source, and it uses both infusion of socialism and capitalism.
Read another piece of yours on fundings - bootstrap works but will be slower than injected funds. Operating from a balance sheet works but will be slower growth as you break even much later. You can work on the side to fund your startup but it will be a slow slow crawl. Injected funds can be anything - grants, competition wins, p2p, equity etc. Once you put everything into a p&l and a projected one, the strategy gets clearer.
But I think with bitcoin and nostr, you have to find use cases and go out there and meet people to increase adoption (not just at bitcoin conf but places where your use cases are relevant - could be your local hood). You are a seasoned entrepreneur, you prob know this better than anyone here - one can keep building and have daily affirmations but that's just half the work. The other half is immense pain lol. But a necessity.
you don't know, and that's ok. Most people will not get it. Also that's part of Jay-Z's acceptance speech on his achievement award so you can talk to him abt finding his purpose of existence
not everybody gets that opportunity in the real world. That's why there will always be that small group of people dead determined to keep moving forward no matter what curveball life throws at them. Because they only have that one chance to make it work, and they know it. If you know, you know.
' you have this one chance to get it right'. If you know, you know
I'm so sorry you are dealing with all these trauma for so long. And i am truly sorry you lost your dad. man my heart breaks for you. re CW and Calvin, I hope peter mccormack's win against CW might carry some influence as they have the prior case thingy. when this is over, and hopefully really soon in your favour, I am rooting for your recovery from all of this.
keeping core simple is good. any /many client(s) can pick this up. high volume of user is just another gateway to many other digital innovations and entrepreneurship on nostr. only way to overcome any walled garden in life is to keep imaginations wild.
that's awesome. this is a super simplified flow just to spark thoughts, ideas and creativity and its super cool that you are specializing on onboarding
hehe you sound like my sister and she is a great mom and my nephews who are homeschooled have better social engagement that many kids their age or older who attend regular schools in a social environment but are hooked to their phones. And as much as these boys are only12, read more books than i do in a year and teaching me new words, they also know how to use YouTube to learn yoyo tricks, basketball, build better paperplanes etc - but that's dependent on parents and attentiveness.
Most parents are not like you guys, hence govt would loveeee to step in and "control" the situation - which can be dangerous because limiting external free knowledge would lead to the infusion of "gov't based education only" is a disaster for these kids . And hence the easiest way to aid the parents is to enable parental control that they can manage - and even that can be "default" settings for people who don't want to make the calls and "advance" for those who do.
as in could unleashed chat include topic of interest as part of its algorithm ? i do not know, maybe. i think its based on pablo's dvm - data vending machine but i do not know machine learning mechanism enough to answer your question. Maybe Pablo or NVK would be able to help answer this
current detection of TOI are through hashtags which has not been as effective and to change that to keywords requires a lot of work on the root ie database configuration an dhow it captures and categorises etc - i think will (damus), martti (iris) and artur (nostr.band) have been speaking/working on the database config but am not sure of the details.
I respect your opinon, saw a similar article on it today. But I think people associate social media to an "addictive, self-centered" platform as oppose to a "free speech, closest to democracy, crowd source media, innovative" at large when it comes to kids (or adults) and that's often because of corporate incentives ie tik tok and ig. And it doesn't have to be a war between corporate incentives and govt blanket laws - its really up to the parents
I completely agree that kids are addicted to it, i often see parents who just dump their phones or video games to their kids to distract them. But I have also seen young kids who have figured out ways to help their parent's business and promote events with social media. Kids under 16 are not stupid.
I think giving parents the ability to tune that knobs of parental control would help them decide on what works better for their kids.
I think there are many advantages to Nostr - some of which include curating your own feed - and I think with open source AI, algo curation could be better, so long as users are their own tuners. And perhaps with bridges to other social media, Nostr might become a primary hub as it allows users to customize their own feed? Another option is enabling parents to tune their own parental control algo - you don't need social media or the govt to decide how your kids should be raised, you do that. Creativity is endless here. I don’t know if anyone can read this flow or if it's of any use, but might explain the thought process better
"We were taught that your best weapon in life is your brain, so you’d better sharpen it. Education was the great equalizer. You didn’t have to be born into privilege to get the skills to compete, and no amount of privilege would help you if you didn’t invest in building your skills.
How you’d use those skills would depend on what the market needed. An education gave you something that no one could take away: flexibility to do what you want and the process for continuous learning.
That philosophy shaped how my family responded to the ebb and flow of West Virginia’s fortunes, and it would also shape how I ran Cisco. Education enabled my grandparents and their children to move from a contracting industry to a growing one.
My family didn’t work in the coal mines that came to dominate West Virginia’s economy, though I knew a number of people who did. Instead, Grandpa Bood built a successful road construction company while Grandpa Pierce ran a bank.
Grandma Myrtle and Grandma Lenora were both active in the community and pushed to improve education throughout the state. I learned early on that to have transformative change, groups had to come together, whether it was government and business or workers and managers.
You had to find common ground and shared goals to get things done.
I’m lucky to come from a family of optimists. I never heard my grandparents complain. Even in tough times, they talked about opportunities and were motivated by curiosity, the excitement of a challenge, and a desire to help.
My mom and dad acquired those values and passed them to us. They’d been married 57 years by the time mom died . They didn’t just love each other; they respected and supported each other’s dreams and aspirations, too. My sisters, Patty and Cindy, and I were all expected to work hard, treat others like family, and never stop learning about the world."
- John Chambers (Chairman Emeritus - Cisco), Connecting the Dots
passion and believes carries on far. btw the diff between govt and mafias is probably which way the law is leaning towards lol
this was suppose to be a reply lol nostr:npub1cmmswlckn82se7f2jeftl6ll4szlc6zzh8hrjyyfm9vm3t2afr7svqlr6f