#TradFi has a lot to unlearn if they want to survive in a #bitcoin dominant world.
That Happy Gilmore style of play doesn’t work outside of fairy tale finance.
Gigi did the work so you don’t have to. Here’s a great essay to pass along to anyone who isn’t closed minded.
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Imagine if the US decided to buy and distribute bitcoin for social security.
As inflation ticks up their liabilities would naturally shrink in real terms and the retired people, who are likely to pass it to the next generation relatively soon, would be protected somewhat from inflation.
This also sets up for an economic boom as the next generation inherits it. Seems like a much better system than the current one.
#bitcoin #inflation
This cycle feels different. If nations are truly embracing Bitcoin then what does that mean for us?
NGU of course. That’s fun right? But these are the groups with the militaries and 3LAs. If you’re anything more than a plankton just keep that in mind.
Each epoch the #bitcoin network recruits many new people from all walks of life to help improve the network.
People have more time to commit to open source work. Less time required to work the #fiat mines.
This relatively new crop of 🌽 hodlers feel the power of low time preference and it can show in their output.
Stay humble
For anyone who doesn’t know who Aaron Swartz is here’s a good starting point.
A fallen hero; he is missed.
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There may come a time when we all do VoIP facilitated by Nostr and regular messaging apps make use of this infrastructure.
Imagine your phone blocking all incoming calls and texts unless they’re from your WoT. No more solicitation. No more political texts. If you move out of country nothing changes.
If we’re right about bitcoin being the future of money then the whole world is about to have more incentive to standardize on communications infrastructure.
Prefer organic, free range bitcoin over ETFs
For anyone looking for gift ideas.
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What I've done in the past was write functions/tools [1] that can interface with the data and write a system prompt that guides the LLM in using it. This would be an agent setup where you have multiple back-and-forth requests to the LLM for each user prompt.
In my case I had parquet files on my network and wrote functions that used DuckDB to query them. Then I wrote documentation for the functions and passed them along to the LLM and let it figure out what args to pass. You can also add high-level instructions and advice. LLMs are also decent at using Pandas and Numpy and Matplotlib so consider giving access to those tools as well.
I've found that it can be useful to create agents that specialize in different tasks too. For example, an agent that can formulate the queries and fetch the data (possibly storing it somewhere and returning a reference to that location) and then another that specializes in modeling.
nostr:npub1az9xj85cmxv8e9j9y80lvqp97crsqdu2fpu3srwthd99qfu9qsgstam8y8 heard you on Preston’s podcast asking for help with time series data? Any area in particular?
I’ve done some work with time series (single digit PiB range). Can’t say I’m an expert but happy to help where I can.
An interesting thing about this auditor is that over time it incentivizes the mints to open direct channels with each other to reduce fees.
From there we’ll have a sort of WoT-like situation between the mints. Opening a lightning channel with any one of them may reduce overall fees paid.
However, this might increase the odds of a rug as well. Might make sense to track capacity of the channels into and out of this network of mints as well as the inter-mint capacity?
Interesting. How does it compare to Ollama?
On this Election Day there’s only one candidate that can improve your life: Satoshi Nakamoto. Vote wisely!
Nature is healing. Mining template decentralization is making a comeback. If you’re a miner consider using Datum.
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Cool design for the UI!
Bug: during the onboarding intro the word “undefined” appears at the end of the string every time.
What can game theory teach us in this new world of decentralized networks? It pays to cooperate [1].
According to Robert Axelrod [2] for players in an iterative prisoner's dilemma game [3] the following qualities are required for success: being nice, forgiving, retaliatory, and transparent.
In the context of a game: don't strike first. If your opponent strikes, then don't hold a grudge. Don't be a pushover though. And to some extent be open about your strategy or else others have to treat you as random and can't cooperate.
According to simulations a tit-for-tat approach (one where you cooperate by default and retaliate a single time for each time the others take action against you) is optimal in most cases but not all. For example, tit-for-tat loses miserably if everyone else is being nasty.
However, the interesting thing is that if you have a few participants cooperating tit-for-tat with each other they tend to outcompete all the nasties.
I think this is especially relevant for places like Nostr where webs of trust are being established. Webs of cooperation are more likely to produce economic prosperity, and to a greater extent, than random or adversarial interactions (like what you'd see on traditional social media).
"But Nostr isn't a game! There's no give and take here." Except there is! Zaps are monetary points in an economic game. Contributing to others' development efforts rather than deriding or sabotaging produces a better environment for everyone.
Consider "X" where whining, ridiculing, or saying things for shock value gets your content promoted and user timelines end up filled with ragebait. It takes a toll on morale and creates an adversarial environment where the community at large loses.
On Nostr, where users have control over their timelines, quality interactions get surfaced and builders can build.
1. https://www.youtube.com/watch?v=mScpHTIi-kM
2. https://en.wikipedia.org/wiki/Robert_Axelrod_(political_scientist)
3. https://en.wikipedia.org/wiki/Prisoner%27s_dilemma#The_iterated_prisoner's_dilemma
You may find this talk inspirational:
Agreed subkeys are another good solution.
Pubky coupled with something like NIP41 [1] would be a formidable stack. NIP41 allows for key rotation.