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wolfpy
3319f5048a5d13d019633e555563cefe0e64f68ce0c5f8973ed14b771bcc1834
Funny individual

Listen, that is fun and all but I don’t want a Bitcoin Excentric AI !

I didn’t open it. Probably all makes sense but at this stage the pension scheme is supported by the S&P500 and Housing. They can get retracements, but expectations of it dropping by 50% means extreme social unrest só before that the printers will start to print as soon as something is detected. Normality/Status Quo will remain the same but people will wonder why things are 30% more expensive

I don’t know I don’t work in BTC, but you would need to be very specialised to do for example BTC core stuff, but there are so many projects going on, try to look for one that you have interested and that your python background helps.

Replying to Avatar calle

Huge milestone: First demo of Nostr Web Services (NWS) bringing TCP to Nostr. With NWS, you can host any existing web application on Nostr without having to use DNS or even announce your public IP to the world, simply by sharing your service's npub (or nprofile).

Try it out the demo yourself. Here is a Cashu test mint running with NWS. Let's use curl to retrieve the mint's information. The request travels from your computer to the public NWS entry relay, then through nostr to the service's NWS exit relay. At the other end is a Cashu mint with HTTPS encryption.

```

curl -s -x socks5h://relay.8333.space:8882 https://nprofile1qqs8a8nk09fhrxylcd42haz8ev4cprhnk5egntvs0whafvaaxpk8plgpzemhxue69uhhyetvv9ujuwpnxvejuumsv93k2g6k9kr/v1/info --insecure | jq

```

I can't stress this enough: THE MINT RUNS BEHIND HTTPS!

The NWS entry relay can't read your traffic. It's encrypted. We can host public entry relays that can be used by anyone.

This means we can plug the entire internet to it 🌐.

Let's plug it into Cashu for now. Nutshell wallet supports socks5 proxies (that's how it uses Tor). By setting the public entry relay as the proxy, the wallet can now connect to a mint's npub/nprofile and communicate with it via NWS.

This is going to be so freaking cool. And it's going to be a lot more useful than just for Cashu. There are still bugs and issues that need to be ironed out but the code is coming out soon. Watch this space.

This looks amazing, I have a stupid question. Would something like this circumvent the China’s firewall ? :)

The ones that aren’t here yet. Get me a browser with native Nostr account wallet and such and the doors will open to a brave new world. Brave had the potenticial but they got cucked with their token and wallet.

BTC is boring currently. In other news I found out Limp bizkit is still playing and has one or 2 new songs.

And Slim Shady dropped an album!!

What a time to be alive.

https://youtu.be/wq8ZOm3uwzU?si=cF4u5zN3HxwYen9Q

#music #bitcoin #nostr #plebchain

Replying to Avatar Guy Swann

Layers are the only way to scale a networking system. Every previous monetary and networking structure in history has done this same thing.

There is no reason L2 or L-whatever has to be an IOU. Sure people will use them because trust is the foundation of society. There isn’t anything wrong with IOUs, the problem is **systemic, fraudulent IOUs** that are counterfeit into the market indistinguishable from the money itself.

Fractional reserve is a systemic structure of our money. Fractional reserve in a bitcoin world is explicitly external to the money. MtGox was fractional reserve. FTX was fractional reserve.

It’s not a matter of “we’re gonna get fractional reserve.” We’ve had it from the very beginning, and we have seen the results 100 times. They implode and go out of business. The systemic problem of fiat is that they do NOT impose, but grow like a cancer because the money itself is cheated to keep them alive.

In short, your concerns are not really relevant, because the base layer is always present to prove existence, validity, and ownership of bitcoins. That will make it behave like a global decentralized incorruptible court for who owns what.

Thus we will extremely likely (and are already doing) build 10,000 networks *on top* of #Bitcoin.

But there are a literally limitless number of way to extend the trust of the base layer, up to any and all other layers. Ark is a great example, all transactions off chain, every single user has unilateral exit ability.

Bitcoin will have no problem scaling because it’s an open, permissionless protocol. The base layer simply needs to be reliable, solid, and radically neutral, and there will be nothing that we cannot do with it.

Human ingenuity doesn’t have a hard cap.

Yes I believe Bitcoin can certainly scale. But I think a lot of concepts and worries are disregarded here. So let’s say the next Mt. Gox or Celsius happens on a L2 of Bitcoin in the future. Yes the base money is solid so the funds of the customs will be for sure lost, essentially a rug pull will happen. Yes you will be able to scale but will the network be reliable ? You will have to

Have some element of trust but will I have ways of verifying said trust? Or is it just a ‘trust me bro’.

And if you are essentially building whatever on top of Bitcoin to scale how is it different than wrapping Bitcoin on Ethereum or any other project ?

The first one needs to be about money and then only after you introduce Bitcoin. Some Michael Sailor talks work to implant a bit the seed. Their perception of money needs to vi angle first the. Only after that can they be perceptive to Bitcoin