Agree ๐
Higher fees makes development of scaling solutions and/or other block space efficiency improvements more attractive.
Will be needed anyways if we want to achieve real mass adoption.
Agree.
Most Bitcoiners are critical thinkers or at least open to challenge their believes.
In my opinion, because the understand that money is broken and the (financial) system is corrupt, they are also more open to the possibility that same might be true for other areas/topics in society.
I expect high fees will be a driver for interest and development in the btc ecosystem.
I would expect that high fees incentivise development of layer 2 solutions, more efficient solutions to e.g. bundle transactions and efficiencies in the use of block space.
Question is how high will fees go to trigger this.. Let's see.
I'm still not sure whether mainstream adoption of bitcoin will come due to people understanding the value prop, fiat issues etc. or via easy to use implementation in existing applications.
The send-from/to-email functionality seems one such avenue. Sending money to an email is an easy think for people to get used to. Not a huge leap of faith and work in understanding btc required.
Let's see... Might be a combination of both ๐.
Gm.. โ. Happy sunny Sunday ๐
๐.. Happy to help ๐.
Good use of our energy is to build the world we want to live in, and focus less on critising the current system.
I understand that the media would be linked to the public key. It could be verified who did post when what picture as an example; the picture would get is own Nostr note id and can be searched for etc. Currently, the pic is uploaded to a "simple" media server that provides the URL to the pic, but nothing more.
The NIP 95 discussion has many aspects of the block-size discussion in BTC. More files on relay increase hardware requirements, which can make it less feasible for people to run a relay. On the other hand media can also become more censor resistant.
There are pros and cons.
Given the way nostr relays work at the moment (text only) the data and traffic is relatively low. As NIP 95 is being implemented and enabled, which allows for storing of pics and video data on relays, the data/traffic will increase.
There's been a big debate on nostr between Damus and Amethyst developers about whether NIP 95 is a good idea. In the end it will depend on the relay runners to enable it or not.
Still early and most relay builds don't support the NIP yet. Will take a while I would expect.
Can't really say for now. Just had set it up a few weeks back. I'm new to linux and docker stuff. No programmer like others. But when I learnd about Nostr I saw the importance and potential. Then decided to set up a relay to support it.
At the moment only very few use my relay. Hence, data usage is very low. Let's see how it develps as more connect to the relay ๐
๐.. Always look for interesting people to follow.. Keep it up.
Also run btc node and nostr relay.. Small thinks make a difference ๐
Agree. Along the same line goes the proposed taxation of miners in the US.
In a free society people pursue goals they deem important individually and as such the input of time, labor or more generally "energy" is considered a valid and necessary use of it.
By taxing certain usages of energy the government does inhibit or at least hamper the pursuit of individual goals. This is moving society more to planned economic model (e.g. as in Communism, Socialism), where the central authority/planner decides the level of innovation desired in society, which is never ever (been) unbiased (govt.is made up of humans with incentives).
Taxing energy does not seem a sensible approach, rather could the output achieved be subject to tax.
Haven't seen one. Keep using webclients such as snort.social for now ๐
Interesting point and assessment. By taxing energy for a specific usage the government does interfere with economic freedom.
In a free society people pursue goals they deem important individually and as such the input of time, labor or more generally "energy" is not considered wasteful. By taxing certain usages of energy the government does inhibit or at least hamper the pursuit of individual goals. This is moving society more to planned economic model (e.g. as in Communism, Socialism or Feudalism), where the central authority/planner decides the level of innovation desired in society, which is never ever (been) unbiased (humans).
Taxing energy does not seem a sensible approach, rather could the output achieved be subject to tax. One a more basic level: consider that food is energy/input factor too
and taxing food (following from taxing energy) would impact livelihood and in extremis the survival of people. Food (e.g. especially animal foods) is basically concentrated nutrients/energy.
Let's see whether this 30% tax announcement really comes into force of it's just a distraction for political/election reasons.
Keep up your critical thinking..