GFY

Gm 🫡

huddlers-react is real good news 👍

I just gave a friend an update on what Nostr is and showed a bunch of apps in the ecosystem. Showing how fast it is and how all of these apps use the same identity and data but are different in their focus. He has been around the space of social media protocols for years but he was blown away.

We’ve really got something amazing. We need to do a better job of show and telling the story. It’s not about just zaps or censorship resistance or the way we’re doing web of trust moderation. We’ve built something which works really well. It fulfills the dream of the early days of the internet, web, and Web 2.0. An open interoperable internet, by and for the users.

As an aside, yes bitcoin is part of it, but it’s so politicalized that some people dismiss nostr as that bitcoin social media protocol. We see people join nostr and through it discover bitcoin, that’s the path to wide adoption.

US Labor Market Revisions Signal Economic Struggles: Dollar Under Pressure, Rates Plummet

Recent revisions to U.S. labor market data have unveiled a much grimmer economic scenario than initially reported, putting significant pressure on the dollar and leading to a dramatic drop in yields. The Federal Reserve now faces a critical challenge: while pressure mounts to significantly cut interest rates in September, there are fears that this move may be too late (for those who think the central banks are running the economy: they follow the bond market, the rest is gaslighting and accelerating boom bust cycles to grow the bags of their cronies).

By then, the U.S. could already be sliding into a recession that even President Biden's hefty government spending may not be able to avoid any longer.

Initially, the economy appeared to have added 2.9 million jobs between April 2023 and March 2024, averaging about 242,000 new jobs per month. However, the revised figures paint a bleaker picture, reducing the average monthly job gain to just 173,500. This correction translates to a total downward adjustment of 818,000 jobs, reflecting a 0.5% reduction in total employment during the period—a far larger revision than the typical annual adjustments of around 0.1%.

The fiat pump will be epic as soon as recession hits.

#USEconomy #DollarPressure #LaborMarket #FederalReserve #RecessionFears #InterestRates #BidenAdministration #JobMarket

not true Jimbo, I have crashed amethyst and primal many times

Let’s just rename nostr to the bloom protocol 🤷‍♂️

passphrase in your head or metal backup? that is the question!

is pedophilia the currency of geopolitics?

#bluwallet still the simple n best foss