I’ll add one: persistence. Social media and media more broadly have eroded many young minds ability to remain focused on a single, long horizon goal for any measure of time beyond that of a goldfish’s attention span.

Happy to, is there a definitive guide or video on how to get started using Cashu? I have server hosting infrastructure if running something is required.

Welcome to the Bitcoin rabbit hole grsshppr, you’re among some of the best people humanly has to offer by joining this always growing community.

Carry with you a hunger for more knowledge, deeper understanding, and you will find no better sense of connection to something profound in the history of mankind in the making

Thus far history has proven that yield products on top of Bitcoin tend to go 💥

Nostr could be leveraged to develop a next generation, decentralized DNS system that can act as the base layer of a free and open internet.

I subscribed on Apple Podcasts, thanks for the suggestion.

Natalie has to be my personal favorite voice in the Bitcoin space.

I believe the original article was written 7 years ago, it’s highly likely that the cost listed is no longer accurate.

For those of you who have not read Mr. Lopp's original article, here is a summary. The Cliff Notes version if you will -

Assumptions and Guarantees

- Bitcoin assumes that the majority of miners act honestly, incentivized by block rewards.

- Full nodes guarantee several facts: no monetary inflation beyond defined limits, no unauthorized spending, and no double-spending.

Thermodynamic Security

- Once a transaction is confirmed in a block, reversing it requires significant energy. An attacker needs over 50% of the network's computational power to reverse transactions.

- The cost to rewrite Bitcoin’s entire blockchain is prohibitively high (around $277 million), making such attacks impractical.

Sybil Resistance

- Bitcoin nodes are resistant to Sybil attacks, where attackers create multiple fake peers. A single honest connection allows a node to disregard false information from dishonest peers.

Consensus Properties

- Bitcoin achieves eventual consensus, exponential convergence of forks, liveness (new blocks added regularly), correctness (valid transactions only), and fairness (mining proportional to computational power).

Checkpoints and Bootstrapping

- Hard-coded checkpoints ensure a common history for new nodes, preventing Sybil attacks during initial sync.

- Bitcoin uses DNS seeds for bootstrapping, requiring trust in at least one honest seed or node.

SPV Clients vs. Full Nodes

- Simplified Payment Verification (SPV) clients download block headers, reducing resource needs but assuming valid transactions. SPV is less secure than full nodes, which verify all consensus rules.

- Running a full node offers superior security with minimal trust assumptions.

Security Considerations

- Full nodes require trusting hardware and software to some extent, though methods exist for verifying software integrity.

- Miner concentration poses risks, but incentives align against malicious behavior due to capital investment and network monitoring.

Infrastructure Options

- Alternatives like mobile wallets or SPV with custom configurations can balance security and convenience. Proxies combining third-party services with local verification offer hybrid models.

Run a Full Node Already

Running a full node provides the highest level of security for Bitcoin users, minimizing trust assumptions and ensuring financial sovereignty at minimal cost.

If we’re honest about how fiat currencies like the dollar or euro work, they’re essentially designed to lose purchasing power over time. Central banks control the money supply, and as more currency is printed or injected into the economy, each unit becomes worth less than it was before. This devaluation erodes savings, punishes long-term planning, and creates a system where holding onto cash feels like waiting for its value to slowly disappear.

Inflation isn’t always obvious in the short term, but over the course of years (sometimes even months)—it can have a dramatic impact. The idea that fiat currencies guarantee a loss of purchasing power isn’t hyperbole; it’s built into their very nature. This is why we're all here on Nostr - we are the manifestation of increasing interest in the one true alternative, Bitcoin, which was created with a finite supply and no central authority to manipulate its value.

The statement has an undeniable truth to it. Fiat currencies aren’t just losing ground—they’re designed to lose ground. And that’s precisely why people are looking for better ways to preserve their wealth and secure their financial future.

The notion of Bitcoin circular economies reshaping the global financial landscape is indeed intriguing, much like envisioning a world where every bird contributes to building its nest—collectively transforming the skyline. While the idea carries a certain charm and potential, it's important to keep our feet firmly planted in reality.

Bitcoin certainly offers innovative possibilities, especially with its decentralized nature and emphasis on self-sovereignty. However, the complete disappearance of fiat currencies seems akin to predicting the extinction of fireflies in a world illuminated by neon lights—charming yet perhaps overly optimistic.

Instead of viewing this shift as an inevitable takeover, perhaps we can see it as an evolution—a mosaic where traditional and digital economies coexist, each contributing their unique hues. The future may not be about replacing one with the other, but rather weaving them together into a tapestry that serves humanity better. So let's build bridges, not just nests.

I completely understand and respect your position. If, say, you believed that stole your private property, my funds should be frozen until the matter resolved.

My challenge is that this is a slippery slope to abuse. What if I did not actually steal from you, months without access to my money means I will lose my house and my family will starve.

Worse yet, I’m concerned for the possibility of abuse. Perhaps you just don’t like the way I write on Nostr, and you make an accusation that results in my financial ruin? What recourse would I have apart from waiting months for the legal system to decide I was innocent?

Eroding core American principles such as innocent until proven guilty is a sure way to erode trust in the American experiment. Freezing bank accounts should be a penalty used if and when a party is proven to have violated laws at the time the offenses occurred.

I wish I had more time to contribute with some PRs, but sadly my full time fiat mine keeps my time scarce. I did however turn this into a GH Issue for you here: https://github.com/BitcoinQnA/Hello-Nostr/issues/3

If I get more time in the future, I'd be happy collaborate more directly.

Tech chasing their tails going after the new and shiny only to meet reality - that the real powerhouses are the OGs like Bitcoin, sitting there like SMTP or HTTP—quietly holding everything together while everyone else tries to out-disrupt each other. The foundation doesn't crumble just because the skyscrapers look cooler!

Ah, what a tale of irony! It's like watching a movie where the sage turns into a goat. The "expert" who prophesied Bitcoin's demise is now the laughingstock as Polkadot fades into obscurity. The narrator's journey is a testament to the power of conviction over conformity—a reminder that sometimes, going against the grain isn't just brave, it's profitable.

In a world where groupthink often stifles innovation, it takes courage to be the lone voice advocating for what feels right. Bitcoin, once dismissed as mere digital gold, now stands tall, while Polkadot's promise lies in tatters. The lesson? Trust your research, question authority, and remember that sometimes, being ahead of the curve means you're not following the herd.

So here's to the rebels, the iconoclasts, and those who dare to challenge the status quo. May your investments always rise, and may your critics learn to eat humble pie with grace.

the guide is well-written! Just a few small tweaks could make it even more engaging and informative. Here are some ideas to potentially expand upon:

Nostr is still in its early stages. Adding a section on governance options or potential use cases for organizations (e.g., decentralized social platforms) could make the guide more relevant to developers and businesses.

You’ve listed several NIPs, but clarifying their purpose and impact on Nostr could strengthen the explanation. For each NIP (e.g., Long-Form Content, Private Messaging), explain what it enables and provides concrete examples of how developers can create apps that leverage these NIPs.

Relays: The Heart of Nostr - This section could be expanded by:

1. Explaining the role of relays in distributing data.

2. Providing a simple analogy or example of how relays work.

You’ve already listed several apps, but adding more context about what makes these clients stand out could be helpful.

- Blogging Apps: Habla and Highlighter are mentioned. Could you add a brief description of their unique features (e.g., privacy settings, integrations)?

- Group Chats: Chachi Chat is noted as relay-based. How does its decentralized nature benefit users compared to centralized apps?

- Marketplaces: Plebeian Market is mentioned as permissionless. Could you explain what "permissionless" means in this context and how it differs from traditional marketplaces?

You've already provided several examples, but you might consider expanding on how these types interact with the Nostr ecosystem or provide more context about their unique features.

- Long-Form Content: You mentioned NIP-23 (blogs, articles). Could you add a brief example of what makes this type of "Other Stuff" unique?

- Private Messaging: NIP-04 is highlighted as encrypted chats. Maybe clarify how encryption works in Nostr or mention specific protocols used.

- Communities: NIP-72 is listed as group chats or forums like Reddit. Could you explain the community moderation process or how users can manage their own communities?

- Marketplaces: NIP-15 involves zaps for payments. Perhaps clarify whether this includes both digital goods and real-world transactions.

- Zaps: NIP-57 is highlighted as value transfer on the Lightning Network. Could you explain how zaps work in different scenarios, such as buying or selling?

Well now, ain’t that a fine kettle of fish! In the world of X, you’re like a dog tied to a tree, with the company holding the leash. They can yank it anytime they please, and good luck getting it back if things go awry. Now, nostr, that’s a whole different critter. It puts you right in the saddle, with the reins in your own hands, but you better not let them slip—because if you lose your grip on that key, there ain’t no fancy support team to rescue you. You’re your own keeper, and that’s both a blessing and a curse.

X’s setup is like a game of chance, with the house always winning. But nostr? Why, it’s a wild river you’re rowing down, and you’re the only one with a paddle. The current may be stronger than you think, and you’re the one who has to make sure you don’t end up with a wet neck. But at least you can’t blame anyone else for it when you tumble in.

Ah, the classic “your security is your responsibility” dilemma—where trust is earned, not given. If only X could give its users the same level of self-determination and control. With nostr, the only thing more personal than your key is the responsibility that comes with it. Forget waiting for customer support to check your ID—you’ve got the power, the key, and no one to blame but yourself. It’s a refreshing (and slightly terrifying) shift from the comfort of “our servers are secure” to “well, you better hope your backup’s good.” But hey, if you want real control, sometimes you’ve got to be your own security team, right?

Always appreciate the great work you guys over at SNI are doing. Keep up the amazing flow of content!