So frustrating I can't release my 100k memes, spent so much time making them 😡

I actually stop hearing it, after about 15 minutes.

It's not faster, but I don't need to look at it, so it's great while cleaning the house or programming.

I don't like video. Only text or audio, while I'm working.

Video is an inefficient, slow medium.

Y'all be like, encrypted groups are better than AUTH groups.

Yo, give me 10 reasons why AUTH groups cannot be encrypted. 🤙🏻

So, the communication between relays can't be intercepted and read, right?

Couldn't a relay-group client just encrypt all note content, by default, so that only the people sharing that relay can read it? That way, even if it gets out, people just see gobbledygook?

The thing is, it is the thing.

tldr; A common bitcoin criticism is, "It's not backed by anything." Well, the thing is, bitcoin is the thing.

One of the most common criticisms of bitcoin is the line, "Bitcoin isn't backed by anything." Years ago I was at a semi-social thing hosted by a financial advisor. Although I didn't care how he would answer, I was curious and asked, "What do you think about bitcoin?" He answered, "Well, it doesn't have any intrinsic value, it isn't backed by anything." Then he added something about "tulips."

Regarding the tulips, that argument was actually okay in my view. A few reasons: (1) This was years ago, and the idea of bitcoin either going to zero or a million was real. Back then, zero was actually the better bet. Bitcoin at a million was crazy talk, a surefire way to be laughed at as a quack. (2) Tulips actually do have a degree of scarcity. Each year there are only so many bulbs to go around. Of course, more can be grown, almost infinitely I would guess. But, there is a natural time element of progation and maturation involved, not to mention decay. So, in the least, tulip bulbs have a physical, natural limit built in as a throttle to the total supply and to the emission rate. Compare tulips to fiat money...no throttle there. (3) Today, every single memecoin is tulip mania. A few people fumble in early, play the timeline well, make a ton of some such cryptocurrency. The vast majority get rekt, the tulip mania ends, and everyone moves on to the next tulip memecoin. Early on, thinking of bitcoin in this way wasn't ridiculous thinking at all. At this point though, I feel we're past "tulips."

Regarding intrinsic value, I guess those critics are correct. You can't make jewelry out of bitcoin or plant them and later admire the pretty colors. But, let's face it, gold and tulips really don't have a ton of intrinsic value either. There are some uses to these things, not a ton, but bitcoin has none intrinsically. Yet, the intrinsic value of gold, or 17th century tulips, or fiat money, or bitcoin really isn't the point. The point is just the value, intrinsic, extrinsic, existential, whatever value. No one buys gold coins to melt them down and gild their kitchen stool. No one buys tulip bulbs to plant them and grow them because they're pretty...well, you got me on this one...people actually do do this! No one obtains fiat paper money to wallpaper their home. The point is, people obtain these things because they have value, which can be transferred to get other things, which in turn make their life better.

It was a gold bug who recently brought this to my mind. He repeated the old, "bitcoin isn't backed by anything" line. Two things on this:

First, I've always thought bitcoin actually is backed by something. It's not backed by something physical, as in "backed by gold" or "backed by crude oil." It's backed by something better. Bitcoin is backed by the trust that the immutable Bitcoin system is. This is hard for the simpleton to follow, me included...it took years. It's easy to understand, "You give me $1000 I'll give you a pebble of gold." Rather, bitcoin is backed by the code which sets the emission and limits the supply to 21 million and the fact that no one or no group can alter this. Talk about being backed by trust. We can fully trust that 2 + 2 = 4, every single time, and no one can alter that fact. The immutability of Bitcoin is what hard codes the scarcity that gives bitcoin its value.

Secondly, and this is what came to my mind the other day, being "backed" by something has an implication underneath. The idea of being "backed by something" implies that, one day, you will or could trade that item in. Gold-backed dollars imply that I could swap pieces of paper for physical gold. I guess the ultimate game plan with tulips was to ride them to the market high, then to swap them out for the Dutch currency of the day. Gold, frankly, isn't backed by anything (similar to bitcoin). What do you swap gold for? Dollar bills? That's bass ackward. The fact that it has a few uses physically is not why it's value is where it is. It is the scarcity of gold that gives it value.

Bitcoiners are usually aware of the Matrix meme about not having to trade in your bitcoin for fiat dollars. That's it. Bitcoin is not backed by dollars, or anything else. The thing is, bitcoin is the thing.

#bitcoin

Has anyone built a Nostr client, where the DMs are a #SimpleX client?

So that it's one client, with two protocols, and you just invite someone to your SimpleX chat, with a Nostr DM containing the SimpleX code?

Or something, like that? Is that a dumb idea?

And what do we encrypt? Everything?

And what stack level does the encryption? The client, right?

Can a relay have its own encryption?

Compliance and privacy are incompatible.

Governments will continually undermine any coin or system (through legal and covert means) that provides any real privacy because it empowers individuals and chips away at their control.

Look at Samourai Whirlpool, Wasabi, Tornado Cash, Roman Sterlingov, Monero, etc...the list goes on

"Ethical concerns must also be considered to avoid facilitating illegal activities"

The ethical concerns of governments and criminals weaponizing transparency must also be considered

Every cycle people don't think it can rip as high as it eventually does, or dump as much

Nobody thought BTC would go to 69k when it was around 5k

Nobody thought it could dump to 16k when we're at 69k

I don't think this time is different, we probably gonna go much higher than you think

That describes my situation exactly. And normally a app restart or several restarts worked. But since yesterday that doesn't "work" well anymore.

Let's see what it will look in the next days. Thanks for your response🤝

Anyone else having relay connection issues since the last Amethyst update?

I'm running it with built in tor mode and only connect to tor relays. Maybe it's only a issue with tor

#asknostr

There's nothing wrong with being social online. The rage algos and ads have ruined it though. For example, I used IRC when I was under 16. It didn't fuck me up because there we no rage algorithms. We were just talking and being social.

How many Nostr users are there??? #asknostr

I have seen his note from amethyst and replied using amethyst lol

But when I opened the profile he indeed was marked as blocked...

verita84 is blocked for all amethyst users because of some notes that he wrote