Can anyone explain to me why the privacy functionality in the original Bitcoin white paper never made it into the Bitcoin that made it to market? I have my suspicions but curious what others believe. #FungibleOrNot
“I see you’re a nice guy trying to run a business here in this neighborhood. But you know, unexpected things can happen in this neighborhood to threaten your business?
If I were you, I want to make sure my business is protected in this “dangerous“ neighborhood. I could help, you know? Just make sure that i get a “taste” and I can make sure nothing happens to you or your business in my neighborhood.
But if I don’t get my piece of the action, I cant guarantee your safety around here.
Give it some thought.” - wink wink
😂😂😂
Game on. #LFG
Real talk. Not here for the debate on “who’s better” at this or that. So this is a honest question: can you direct me to some technical info regarding what makes LN private-by-default? You seem like you know your stuff. But I haven’t heard that specific claim before.
I’ve been intrigued by their approach for some time. But this is the first independent endorsement of their quality. Appreciate the share. Cheers.
I just saw someone post today where someone stated: “#Nostr is Decentralized”.
Why do folk feel the need to make blanket declarations without any factual backing just for the sake of the shill?
IMO #Nostr is a innovative new protocol with huge potential for becoming a truly “decentralized“ solution. But we need to do a lot more a lot work before it can be referred to as a “decentralized!”
Trust me. I only state this because I do really like the idea of this tech, but folk need to be more clear on where the tech is now versus where the tech could be in the future... near of far.
#SeeSomethingSaySomething
IMO poor use of terms has lead to much confusion in the space.
Chains designed to answer the need for viable financial instruments in the digital space (BTC, XMR) are viewed in the same or similar categories with the “utility currencies” of decentralized networks (ATOM, AVAX, etc). As a result, they are all referred to as “Crypto currencies”; which is just not correct.
Digital currencies (BTC,XMR) are not in the same category and do not function for the same purposes as Network currencies.
Digital currencies are more like fiat money and network currencies are more like stocks. (I know most don’t want to frame it in those terms for fear of govs seeking reg over “stock-like” trade activity. But the fact remains that folk “invest” in those “network currencies “ because of their belief in the underlying tech of that network
That’s the main driver. To deny this is to simply be blind to it.
To be clear, most of the project in the “crypto “ space are not just sh*tcoins, they are absolute d0gsh*t.
That said, storage chains that i am familiar with demonstrate the need and a possible approach for addressing. However, the suffer from the same “public-by-default” issues as BTC and most of the space.
The only chain that I know of which the potential for real storage utility is https://www.jackalprotocol.com/?trk=public_post-text which very small right now but they have a agent-central approach which puts the user truly in control of their data.
For me, if a project in this space is not working to place the control of data into the hands of the data creators/owners, it is not a project that will last in the long term.
All of the “This-coin” vs. “That-coin” chatter is giving me a headache. THERE IS NO ONE COIN TO RULE THEM ALL.
With all of the great technological innovation produced around the ideas of decentralization of power and distribution of control in recent years, there is now so much opportunity to build tech to address our most basic needs, as well as create a less biased global playing field and more egalitarian approach to systems of exchange.
My advice to all who believe that their golden calf of a coin is so “perfect“ is: Keep fuck1n9 8u11d1n9!!!!!!!
The best solution is only the best until someone figures out a better one.
Some of our best tech minds are wasting time in meaningless debate over “my candy is better than your candy”.
GET OVER YOURSELF AND GET TO WORK.
#CallAThingAThing #RealTalk #TheyWinWeLose
Corporation - an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.
Countries are, and have always been, corporations. They should ideally be run in a manner to benefit its members (citizens). But most are run like dysfunctional shell companies with corrupt board members (politicians), and embezzling accounting departments (financial systems).
Understanding this fact helps to understand the current state of the world. Note: Oligarchs understand exactly how hostile takeovers work. That’s how most of them became oligarchs.
#CallAThingAThing
One to grow on.
A lot of your questions are actually unknown. Some might consider that scary but I think it is exciting. I can't answer with what WILL happen, only what COULD happen.
Relays follow a protocol, so the software used by a particular operator could be a popular one, or one they made themselves.
This means that some relays accept everything unconditionally, some can be configured to block based on arbitrary conditions, they could block by IP, they could block by your npub, they could block by hashtags or using AI to filter content. Some relays will only host content from specific users and ignore the rest of the data sent its way.
Not only that, but at some point, a conversion was had about how relays can cover costs, so the protocol was grown to include a way for relays to declare a payment method and they can choose to only store content from npubs that have paid.
They can also limit read access, you need to sign a challenge to prove your identity (basically log in) and then they will let you connect and get notes.
I think you should look for podcasts about nostr to hear interesting discussions around this. nostr:nprofile1qqsx2wyjt6lmvc05rrvv05r5hm3w3t7h0pcpmkyswrpd4ymd2u09tscpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtc7dx3ah is a great podcast app for it.
We already have relays that store profiles and follow lists only (they don't store content).
Relays don't store media, just notes. There are some interesting innovations happening with "blossom servers" to handle media. Right now, nostr.build is the main host for all media and they provide a paid subscription to help with running costs. Primal have their own media servers for their users too.
There is discussion about relays focusing on supporting certain communities. There could be a football relay which relays only football related content.
Some relays focus on finding and blocking spam.
None of the nostr clients are alike, but as the demand grows, so will the network and so too will everything evolve. As data gets organized across relays non-uniformly, clients will adapt.
Right now, hobbyists run relays, some have already turned them into businesses, but eventually we will see, will many small servers work well or do we need to have a few big reliable relays?
Even if we need a few big relays for the majority of people, there are so many possibilities in between. We just don't know how it's gonna go.
Just a note about scaling. If we do get community specific relays, that could mean that load is distributed across many relays and relays may never need to be as big as Twitter or Facebook's servers.
Thx. Very helpful and confirms a lot of my guesses. Cheers Ser!
👀 Probably nothing.👀 https://coinbuzzfeed.com/blackrocks-bitcoin-holdings-reach-60-billion-solidifying-institutional-dominance/ #BlackrockHack
So #Bitcoiners migrated to #nostr to avoid censorship of their speech. But they seem to be ok with censoring all #NonBitcoiners speech on #nostr. Is that about right? #HurtPeopleHurtPeople SMH
https://corporatefinanceinstitute.com/resources/valuation/store-of-value/ #StoreOfValue #FungibleOrNot
Reading is fundamental. https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/ #FungibleOrNot
https://localmonero.co/knowledge/monero-better-store-of-value?language=en True then. True now. #FungibleOrNot #Monero