Good morning nostrworld! I have a busy Monday ahead, but right now its time for coffee and a little while of planning and quietness. I have deskwork I need to do for a while, then I still need to put labels on my lip balm sticks. And I'm almost out of toothpaste, so I'll need to make more of that. Mostly all just catching up and maintenance of things. Supposed to be rainy and cool again, but I want to get out there and check all the new trees.

A friend of mine said she will be hatching new chicks this coming spring, and offered to give me a few if I want them. So I think I'll take a few so we can have more eggs. I eat eggs just about every day, I love them.

Hope yall have a great Monday nostr friends, and do your work with a happy heart. #grownostr #coffeechain #homesteading #farmlife

"If you will stay close to nature, to its simplicity, to the small things hardly noticeable, those things can unexpectedly become great and immeasurable." Rainer M Rilke

Gm😊

Good morning fine #nostr #damus frens. #coffeechain

GN 🌎

Rare sighting! A lion walking the streets of Rome at night 😳🦁

Actually this poor lion escaped from a local circus, wild animals do not belong in circus’s, he was eventually captured and returned.

#lionstr

Nodes don’t get fees, only those contributing POW (miners). This is because nodes don’t have a cost and can be Sybil attacked. There’s no way to distinguish a “real” from a “fake” node. This is an important part of why node costs must remain low, because the only incentive to run one is self defense & it’s voluntary. If the cost is ever too high, fewer will run them and the security/decentralization of the network will be at risk.

As far as fees, they will continue to increase. They will likely get so high as to make anything less than $1,000-$10,000 settlements have disproportionately high fees. This is similar to Fedwire, our current settlement network that is centralized and permissioned. I think the median Tx size is like $5 mil or something.

Many people can only see disaster when this comes up but fail to see what this means for the network demand and the market that forms around this. The nature of the tools we have like Taproot and then the ability to various signature aggregation techniques (then add in new opcodes like CTV), means that this fee cost will be highly distributed among many parties and service providers. In other words, every UTXO will act as settlement for 100s or 1,000s of individual payments made on higher layers. And most people will interact with the base layer only when something goes terribly wrong, and in that case a $50-$100 fee to settle & exit with your entire financial wealth where no govt can contest it isn’t a high fee to pay at all.

I also increasingly think there will be a form of shared custody “insurance” like service for these sorts of things, whether it acts as a collective exit clause for large groups to batch in the case of emergency, or if it just ends up being a small on going service fee that aggregates a pool for on chain settlement, regardless I think these sorts of non-custodial or programmatic services will be commonplace as the base layer becomes the world’s open, stateless monetary settlement layer.

Hey nostr, I've been out of sorts again today. I think its a combination of the days being so short now, plus we havent had sunshine in 3 days. But I'm plenty busy with things, and I just got back from an afternoon meeting at church. I still need to label my lip balm tubes, then I'll be done with those. Our peafowl are growing a little, and we're still not sure of their sex. I'm also a little sad that one of the chickens died. I noticed for a couple days that she was lethargic, and i checked for injuries, but could see nothing obvious. She came up to me yesterday, like she just wanted me to pet her, so i did. I know some of you might think its silly, but I'm sad about it.

Anyway, we're settling in for the evening, and maybe I'll do some reading for a while. Yall have a good evening nostr friends, and be kind to yourself. #grownostr #countrylife #homesteading

"To help keep my heart soft and my intellect open, I'm going to plant a tree."

Andrea K Jones

Good Night

Sweet dreams🫶🫶

Steak tacos 🌮

#Chicago Atoltonilcos

#foodstr #nostr

Good Manic Monday Morning Nostriches! 💜🫂

Wow why does the weekend go by so quickly? 🎉

Enjoy the remainder of your Sunday whilst I desperately try and commence work this morning - another coffee is needed! ☕️

#manicmonday

Thanks… ❤️

An other question I have… nodes don’t get any rewards do they? Why aren’t they getting the fees?

Anyone here using the #fold card? If so how are you going about maximizing your rewards since payment processing has changed? Most if not all my merchants will not reward for using the card. I like the app but honestly don’t see a point in using it anymore. #btc #plebchain #grownostr #nostr #stacksats

I don’t think they are nothing. When the network is congested the fees can get really expensive… like 10% for a single transaction…

If I wanted to use bitcoin to pay for ever transaction in my day, like my transport, Food, shopping etc, would I have to pay this amount for each transaction or be willing to wait hours to get a confirmation?

GN my friends 🌜💜🧡🫂

It's bed time...

See you tomorrow 🤗

Btc fees… how will those work with massive adoption?

#asknostr

Good night 🌚✨💜🫂😉🎢

Smoked turkey. Not a huge turkey fan, but I’m thinking this is the best way to do it.

Also, I think eating turkey during Thanksgiving is a small conspiracy.

Them pilgrims were eating fish and shellfish out of Plymouth Bay and venison. Maybe a wild turkey here or there.

Big turkey pushed this bland ass bird on everyone.