Here’s the answer:

Nothing is free. There is a high cost to enable hundreds of thousands to run Bitcoin nodes and secure the network. So high in fact, that it does prevent there from being final settlement of all global transactions, or even one transaction per person per year, on the main Bitcoin network. But this is a reality which should not be tampered with.

There are many great solutions which have different sets of trade offs to solve this problem. Liquid, Fedimint, Sidechains, Lightning, Ark, Channel Factories, Zero-Conf channels, Uncle Jim setups, etc. But frankly, before we can even start addressing this issue as a serious problem, you’d need to get 250M people who are demanding an annual sovereign Bitcoin transaction. That’s not the current reality.

In the future, most people will interact with Bitcoin through Bitcoin banks, and semi-trusted organizations like Liquid, Sidechains, and Fedimints. There’s trade offs to this, but even with its drawbacks it’s still magnitudes better than the current world.

Consider this - in fiat, you can take custody of a small amount of money (cash) but any meaningful amount of money essentially has to be held by a third party custodian like a bank or be someone else’s liability like government debt. With Bitcoin, it’s possible to take fully sovereign self custody of a large amount of money, but smaller amounts work best with some trust reinserted into the system. People with small amounts of Bitcoin have the economic guarantees of Bitcoin secured by people who have large amounts of Bitcoin.

Ultimately, if you’re someone who is talking about this problem right now, you’re early enough that you’ll always have enough Bitcoin to transact on the base layer (fees are denominated in BTC not USD). For those who adopt last, they will likely be doing so without even knowing it. Their pension will be buying Bitcoin on their behalf, or their bank or credit card company will have moved to a Bitcoin standard without them explicitly asking for it.

The worst thing we could do is try to change Bitcoin to accommodate tens of billions of transactions a year for people who don’t even demand them yet, and in the process destroy the distribution of the ledger and the robustness of Bitcoin itself.

Interesting facts about the OpenAI drama...

1. It's clear that few people care about the mission to save the world, as evidenced by the entire company being willing to join Microsoft to save themselves.

2. Microsoft can be seen as the true driving force behind OpenAI.

3. Sam Altman is not the savior of humanity; he will sacrifice anyone or anything to achieve his personal objectives.

4. The open-source community needs to come together in resistance against Open AI.

Listening to nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a talking about money

Any good multi-column clients out there yet? #asknostr

It’s going ok. I “made” a blackjack app in about 7 mins that cost 4 cents. Pretty basic app but still kind of fun to see happen.

Now I am trying to figure out how to interact with the created app and make it better. But still a lot to figure out.

*muddle through

Yep, that’s what we do. A special syntax counter keeps track of where each piece of non translated text goes and inserts it back in after we get the translation. This does assume the translation service will leave the symbol of the counter untouched. Currently we use AWS machine translation as the translator and it’s nearly perfect at leaving the symbols in place. Haven’t tested LibreTranslate tho.

While our code isn’t open source, I’d be happy to share my logic there as I wrote it in python.

Are you open to offering paid translation services through the client? You could offer libre translate as a free option as well. That’s what damus has.

Removing the URLs is only half the problem. You have to add them back in the correct position. And since the text is translated the length and position has changed

oops, I meant "Translations"

Now you can join the 🍷 nostr.wine paid relay by simply sending a /join DM to nostr:npub1fyvwkve2gxm3h2d8fvwuvsnkell4jtj4zpae8w4w8zhn2g89t96s0tsfuk

Already a member? Add time to your filter.nostr.wine account with /filter deposit AMOUNT nostr:note1zhmqz6dtlxqf26p5apmz9y2m6ts7fdu73eh5wa89r9yzfxwp5vnswrfwcl

It'd be so ironic if we met aliens and started learning about their cultures and the ones that lasted millions of years were the ones using sound money, practicing individual responsibility, freedom of speech, and the right to self defense, refusing plastic and eating red meat...

What is it ? 🎃👀

I won't make it 😢

You can take my spot

There are a few question marks where my nsec has been since December. Especially early when we all were protocol boomers.

Is this the way we redeem our paranoia? nostr:note1qmuakk7f6zr3h8x0ng7ryc8rw2f2vjdr2ka74ayvh4lxr4hrk3jswxuqcp

I wanted to make a thing (service?) where people could zap content from particular artists, comedians, etc and those zaps got saved somewhere as an incentive for that person to come check out the platform.

But as far as I could develop the idea…. It’s super custodial 😭

Still I’d love to say “Louis CK you should join Nostr, people have already zapped your content with X amount of bitcoin” just not sure how it can happen

what if we used money as a way to get people to run towards nostr?

all these new startups with ".ai" in their name are more than a little reminiscent of the ".com" bubble

My local friends and family are going to be kind of shocked to see me posting on Facebook on the daily like it's 2020 again 🤣

How do you cryptographically verify an image or video?

What is the best way to learn coding? Book? Bootcamp? Classes(online/offline)? Self learning? What would you #Nostr #Devs suggest?

You guys really love the dumbest memes. Like the dumber the better.

#memes #funny