10
7063h
10ecccc96c3630a340c9268a0bd77cd89cd0b81d303ba7d93c051c7a2e2fb998

Polymarket is quite certain it'll go above 70k

Replying to Avatar Gigi

GM

L.N. Tolstoy, author of "Anna Karenina"

#nostrbookclub

Something intrigued me to join #nostr. It was #Bitcoin and #Lightning integration. So I tried to set up my wallet here. First with Wallet of Satoshi, then with Primal. I somehow didn't like that I couldn't easily choose my own username for the address. I guess, simplicity and abstraction costs. I will further educate myself to try the self-custodial Lightning ⚔ options.

On Amethyst, where are all my Private Bookmarks stored? Would they come with me, were I to change a client?

#asknostr

Someone, please, explain. As I understand there are paid relays (examples welcome), which may provide better features (examples welcome).

Do I also understand correctly that there exist Proof-of-Work type relays, where in order to post a note one must solve math equations at a certain PoW difficulty level?

#asknostr

Replying to Avatar shep21

I actually find this as good news. With Italy's increased tax rate on capital gains, holding or using #Bitcoin becomes a more viable option compared to converting it to fiat money. Which is great news in my opinion.

Italy raising tax rate on capital gains from BTC is a good thing. This encourages people not to convert their BTC back to fiat and motivates actual use of BTC.

Cool! With regards to `other things`: this is where one could set up a paid relay with advanced filtering, or even build an app which doesn't resemble Twitter/X but allows for other use cases such as voting, version control, prediction markets, etc.?

The right neuron broadcasting the right signal at the right time can lead to the greatest ideas.

Replying to Avatar Tony

Not really. Here’s my take:

A quote from the post states:

ā€œAs the number of users has now climbed into the millions, system designers have resorted to the use of supernodesā€.

So the problem with superpeers is that they are introduced by the protocol designers, often within a single ecosystem. There is little to no chance for a regular user to spin one up.

Let’s take a look at #bitcoin p2p trading as an example. You’ve got several platforms to trade, such as Hodl Hodl and Bisq. They facilitate coordination and help you find a peer to trade with. These are centralized.

Then you’ve got truly decentralized p2p platforms. Like nostr:npub1exv22uulqnmlluszc4yk92jhs2e5ajcs6mu3t00a6avzjcalj9csm7d828 chat. But Simplex does not provide discoverability: you’ve got to connect to a peer first to be able to chat.

When we talk about social media, we assume discoverability - being able to broadcast, and get access to posts from users we didn’t connect to (yet).

Until #Nostr came to life this could only be achieved via the increasingly centralized coordinators.

With Nostr users now can connect to any relay of any size or even spin up own relay at near zero cost. Moreover, users can connect to multiple relays, ensuring redundancy.

While we do see more users flock to some popular relays like Damus, Snort or Primal, they don’t have to and can be connected to smaller ones and still be discoverable.

Bottom line is: The fight for decentralization and censorship resistance is never ending, and Nostr is the best chance to win this fight at the moment.

Thanks for elaborating! I was actually afraid my note wouldn't be broadcast. So, any relay in a way simply passes and (temporarily) stores messages? Like a synapse in a brain?

How do you pay for services? For example, hosting, VPN, home utilities?

Superpeers were discussed in the article. Would superrelays have the same centralization issues?