At some point due to bugs in Nostr clients or back doors built in to operating systems and hardware a lot of nprivs will be stolen. If the attacker is smart they’ll only compromise specific accounts to infiltrate target webs of trust.

We haven’t built the necessary defenses yet. Hardware signers are a good start but we need the UX to catch up. We need protocols for reliably communicating compromises.

That aside I’m bullish on Nostr!

Can we get some degree of covenants with FROST [1] implemented within wallets and coordinated over Nostr rather than requiring them on chain?

#askNostr #covenants #bitcoin

1. https://eprint.iacr.org/2020/852 - Flexible Round Optimized Schnorr Thresholds (FROST)

On this Father’s Day let us all celebrate the father of Nostr. Thank you nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 !

Establishing a web of trust will be hard when you keep deleting your npubs. And if you telegraph your identity change to your web beforehand then it’s kind of unnecessary. Social graphs have their own fingerprint to deanonymize you.

Great for privacy and useful for OpSec though if you don’t reestablish connections.

The price consumers are willing to pay for a good or service is partially a function of transaction costs. People usually won’t pay more than 2-3% transaction fees.

When on chain fees regularly cost as much as a cup of coffee it doesn’t make sense to make small purchases with bitcoin.

Once we get the UX for 2nd and 3rd layers dialed in then we may find ourselves in a world where a cup of coffee can cost 20-30 sats.

Bitdeer is just another arm of Bitmain. Jihan Wu, the CEO of Bitdeer, is the cofounder and chairman of Bitmain. We really need an alternative to this guy.

Beware of Bitdeer. It’s just another face of Bitmain which already has a dangerous monopoly on ASICs. We can do better.

Doesn’t work like that anymore. iPhones (and I think Google Pixel phones) can be located even when off.

https://www.theverge.com/22697218/iphone-apple-ios-15-find-my-how-to

Check out BIP 352 - silent payments. You can share a single code and each payment made to it is to a new address. Great for privacy and also more convenient.

https://github.com/bitcoin/bips/blob/master/bip-0352.mediawiki

And don’t forget to finish with Listerine for a truly refreshing experience!

(don’t actually do that)

Whatever your opinion you should spend time hearing from others who have the opposite opinion. You’ll grow from that experience.

People often operate on assumptions that turn out incorrect or incomplete and we’re all guilty of that.

Reminder that pseudonyms aren’t sufficient for maintaining privacy against determined actors.

Your style of writing, your voice, the topics you choose to talk about, anything that differentiates you from anybody else can be used to identify you.

When you post on Nostr you broadcast your IP. The relays you choose to connect to reveal something about you.

Be careful out there!

Wait until he discovers hamsters running in wheels

ECash can be useful in high trust environments. Perhaps good for families to share a lightning node or for an online game of poker among friends. Or for use as credits on a platform where you have to pay up front anyway.

We need one that fits entire cars now. The amount of surveillance tech that comes standard in vehicles today is borderline criminal.

You can add infrared lights to the bill of a hat so that it blinds cameras but isn’t visible to the naked eye. There are videos online where people show off a proof of concept, but I’m not sure there’s enough of a market to justify a whole line though.

And further imagine something like a WiFi access point that charges you per minute or per GB. Cafes could earn sats by opening up their access points. People in densely populated areas of cities could provide extra access points as well.

How better to hide inflation than by creating as many release valves as possible?

That’s an interesting point but in either case they’re not a majority owned US company. The bill of rights doesn’t apply to them in this case.