Busy with the day job and put it on hold for now.
Understanding the privacy trade offs of running my own Lightning node is where I always get stuck.
The technical issues aren’t a challenge for me, but the privacy issues bother me.
Now I want to use nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s lnsocket to create a process that listens for me to reply to notes with a syntax like:
!zap {amount in sats}
{content of zap message}
Which submits a zap for me using the appropriate NIPs and Lightning directly. That’s the beauty of building on protocols instead of platforms.
They will use these tactics against every target of the ESG agenda.
https://twitter.com/RepRosendale/status/1669405714492604425?s=21
This is how the market’s expectations for rates at the September ’24 FOMC (the last meeting before the ‘24 election) have changed in just 1 month.
6 months ago they were convinced we’d be seeing lower rates next month.
Crazy times.
The Reddit protest would have been far more effective if the people protesting were actually withholding something of value. But they don’t pay for Reddit with money, they pay with their attention.
The attention of a single entitled unemployed communist rounds to a value of ≈$0.
If a vast majority of Reddit users had cared, maybe it would have worked. But as always, they grossly overestimated their niche concerns and assumed they were the voice of the majority when they represent a tiny minority of Reddit users.
There are several lessons in that.
The new 15” MacBook Airs with the default configs are available in the Apple Store today. Custom configs available in 2 weeks.
Goes to show just how soft the hardware market is now. 18 months ago you would have been waiting weeks/months to get the latest Apple laptop in your hands.
They could have sold 2x-3x what they did for each auction if I understand the Tender amounts correctly, although possibly not at the rates they would have wanted.
I just think she’s managing cash flow over the short term. Quarterly tax payments will keep rolling in and she and the other commies in the Biden admin are convinced we’ll get back to ZIRP as soon as Powell is gone/forced to capitulate.
I’m sure they hope they can get back to selling 30y @ close to 0% to fund the forever wars and their communist dystopia.
Plus, giving fixed income investors access to high yield long duration treasuries means that lots of the ESG power that BlackRock has dries up.
Here are the Treasury Auctions that Yellen has run since the debt ceiling deal was passed.
The vast majority of the debt she has sold ($553B of $643B total) has been short duration (<= 1y) and relatively high rate (>= 4.85%).
This is what I expected, but I haven’t seen anyone talk about the details so was curious.
The EU hates Bitcoin but them requiring Apple to allow side loaded apps might make it easier to use Bitcoin on iPhones in the EU than elsewhere.
Has to be a good chunk of 10y plus I’d think. Could shake things up with rates.
I have no clue how it would play out.
Anyone know the average duration of China’s US treasuries?
If they dump a trillion while Yellen is trying to dump a couple trillion, boy howdy that could get interesting. Would be a hell of a thing for an incumbent president to face in an election year.
Every frustration we have with app stores and social platforms and tech companies is 100x worse when you get to the ISP level of the stack. That will be the final boss.
Until we have a truly free market and real freedom at the ISP level, we won’t ever have a free internet again.
Looked there and saw they are talking about the console being down. It is down for me, so I reverse my previous notes, AWS is indeed having problems 😂
us-east-1 and us-west-2 are both good for all the major services (ec2, rds, s3, etc) we use.
Damus now has a tip share feature that cuts Apple out of their 33%. That’s going to end up being the issue.
Just let me pay for a Premium version and let Apple have their cut and the problem will likely be solved.
Reddit doesn’t want to keep subsidizing for profit applications that are making 7 billion API requests per month and now their overwhelmingly communist user base is freaking out over that.
🍿
For the record, free Nostr relays are never going to work long term. Bandwidth, storage, and compute all cost money. Pay for what you value or it won’t be something you value for long.
Let's see which theory plays out. The jpeg shitcoiners keep trying to come up with new ways to clog things up.
https://twitter.com/DavidFBailey/status/1668078171973984256?t=52zdm-vurwduloP0qGANhw&s=19
Yeah, I just noticed that. They are also talking about inscribing CSS and JS.
We’ll see how much appetite there is to spend sats on them.
The only investment advice 99% of people will need on a Bitcoin standard is: earn bitcoin and self custody a portion of it for the future.
You can always tell when Bruce Fenton’s rent seeking is being threatened. He FUD’s bitcoin self custody as hard as he defends shitcoinery.
YouTubers cater to the people who have the least money to spend on whatever the subject of the channel is because that’s what a free viewer model incentivizes. You need reach, and the long tail is extremely price sensitive.
If you had a paid viewer model only, I bet you’d get the exact opposite effect. The people willing to pay for content on a subject would be looking at the premium solutions and wouldn’t be price sensitive.
Or just don’t build a business on a platform that can rug you at will. I’ve never understood why anyone would do that.
Apollo, the Reddit app, made 7 billion fucking API requests in a single fucking month. 🤦♂️
According to their own math, it would cost them $2.50/month/user to pay what Reddit is charging. Meaning they have ≈800K users.
Charge $10/month/user. Pay Apple their 33% and Reddit their $2.50 and pocket the $4.10 left over. $3.28M/month.
Of course, only a tiny fraction of the current 800K users would actually pay $10/month, but then you won’t be making 7B API requests/month and you won’t be paying $2M/month to Reddit either.
Funny how charging for stuff actually forces people to decide whether it is worth using it or not. 
Perfect timing. Right as the shitcoin market implodes, the Ledger folks destroyed their reputation in the one market that cares most about self custody in an effort to appeal more to the shitcoiners.
https://twitter.com/MichaelRoerade/status/1667189558444695555?s=21
For people wondering what Zapervisements in Damus look like, here’s my zap on this note:
nostr:note12ynhh4kkmnkh4qj6rkuejna5xlmj9xwjg630wdez2g7dqru24u6sydj8n0 
I never thought I’d live to see the reductio ad absurdum end game of the ERA arguments I had to listen to as a kid growing up in the ‘70s play out in high definition technicolor, but here we are.
Women wanted this and insisted on it for decades, at some point they’ll have to decide what they value most. History tells us they will, and when they do, the fallout will be ugly.
If someone pays me 1M sats to show something I don’t want, I have the choice to keep the money or pay 1M + 1 sat to bump it. The problem is, if I buy back the top spot, their zap still shows in the zap list so they have gained some free advertising there.
We’ll probably need more rules around that sort of thing and I can imagine ways it could get out of control quickly, but it will be entertaining and edifying to watch it play out.