Feels like Nostr is a black swan that the entire tech sector was not expecting. Walled garden platforms are going to be a thing of the past by the end of the decade.

Why’s interesting is that previous ‘pro free-speech’ platforms (Gab, Parler etc) were completely captured by people who just went there to say the naughty stuff that got you banned on Twitter

AND then ironically couldn’t even support free speech due being centrally owned and controlled

Nostr on the other hand is both an *actual* protocol for free speech, *and* has managed to avoid being culturally dominated by people who want to exploit that freedom performatively. At least, so far.

Bitcoin Transaction Fees and UTXO Management

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- when bitcoin blocks are full, highest fee transactions are confirmed first

- your bitcoin wallet may show a single balance but the reality is that it is made of many different unspent transaction outputs (UTXOs)

- when you make a bitcoin transaction your wallet will select as many UTXOs as necessary to reach the amount of bitcoin you wish to send

- onchain transaction fees are calculated based on size in bytes not the amount of sats sent

- the more utxos required on the input side the higher the fee paid

- from a cost perspective you want to consolidate utxos, fewer utxos with larger amounts

- consolidation has privacy tradeoffs though: you link any UTXOs you consolidate as owned by the same person + larger UTXOs mean you will dox more of your stack to anyone you pay in the future

Therefore you want to reduce the number of UTXOs you have while being mindful of the privacy concerns.

Lightning Transaction fees are calculated differently: based on the amount in sats sent. Opening lightning channels when fees are low can enable you to save money in the future when fees rise. 🤙

from a cost perspective you want fewer larger size utxos

onchain transaction fees are calculated based on size in bytes not the amount of sats sent, so the more utxos required on the input side the higher the fee paid

therefore you want to reduce the number of utxos you have while being mindful that any utxos you consolidate will be naturally linked to each other

Running ordisrespector

Yo yo Suheb my man!

Welcome Pavlenex to Nostr 🤙

#[0]

Custodial accounts now available in Lightning Terminal and accessible via Lightning Node Connect. Great way to onboard non-technical friends and family.

Works today with the latest Zeus. Some UI refinements for this coming in v0.7.3

Thanks! 😊 Trying out new things is fun again.

Time to orange pill the universe.

Time to orange pill the universe.

time to stop lurking :)