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a psycho maxi totoro

Ahh, interesting. Im my light testing with several dummy nsecs, I have not had any relays be picked up or notes from other relays bleed into the private ecosystem. I'll mess around with it a bit and see if I can figure our what would cause the automatic connections / discovery to occur. Would that be a possible feature you are interested in building, to toggle on/off the auto connect features ?

@npub1ye5ptcxfyyxl5vjvdjar2ua3f0hynkjzpx552mu5snj3qmx5pzjscpknpr

Hello! I have been using nostrudel today and have found it to be a fantastic client. I find it particularly intriguing as a use-case for local community private relays (for example, a church group, or neighborhood association, or for friends / family). Many clients have become inflexible in their desire to become the most dominant twitter-esque client that they have lost site of powerful aspects of nostr such as flexiblity in use and interoperability...For example if i were to try and tweak damus so that my only relay were my private relay that I wanted to use with family, it will not work as there are relays that are not allowed to be removed. This means my family relay would be infected with global and other notes that I do not want for this local use case.

Your client does not seem to have lost that site. Props and keep building I'm now a huge fan of this project. Oh, and also I'd love if you considered building a wrapper to make this client usable in the @Start9 ecosystem, I think the people that are using start9 would really appreciate your work.

saying something

Im an iris maximalist, 🤣

Seriously though its my client of choice, self-hosted via Start9

This is like creating sat $1,$5,$10 bills you can keep in your wallet and your buds can just trade those when you go out to dinner or something. Very awesome!

How does snort's trending feed work ? #asknostr

Replying to Avatar Lyn Alden

“We should change Bitcoin now in a contentious way to fix the security budget” is basically the same tinkering mentality that central bankers have.

It begins with an overconfident assumption that they know fees won’t be sufficient in the future and that a certain “fix” is going to generate more fees. But some “fixes” could even backfire and create less fees, or introduce bugs, or damage the incentive structure.

The Bitcoin fee market a couple decades out will primarily be a function of adoption or lack thereof. In a world of eight billion people, only a couple hundred million can do an on chain transaction per year, or a bit more with maximal batching. The number of people who could do a monthly transaction is 1/12th of that number. In order to be concerned that bitcoin fees will be too low to prevent censorship in the future, we have to start with the assumption that not many people use bitcoin decades out.

Fedwire has about 100x the gross volume that Bitcoin currently does, with a similar number of transactions. What will Bitcoin’s fee market be if volumes go up 5x or 10x, let alone 50x or 100x? Who wants to raise their hand with a confident model of what bitcoin volumes will be in 2040?

What will someone pay to send a ten million dollar equivalent on chain settlement internationally? $100 in fees per million dollar settlement transaction would be .01%. $300 to get it in a quicker block would be 0.03%. That type of environment can generate tens of billions of dollars of fees annually. The fees that people pay to ship millions of dollars of gold long distances, or to perform a real estate transaction worth millions of dollars, are extremely high. Even if bitcoin is a fraction of that, it would be high by today’s standards. And in a world of billions of people, if nobody wants to pay $100 to send a million dollar settlement bearer asset transaction, then that’s a world where not many people use bitcoin period.

In some months the “security budget” concern trends. In other months, the “fees will be so high that only rich people can transact on chain” concern trends. These are so wildly contradictory and the fact that both are common concerns shows how little we know about the long term future.

I don’t think the fee market can be fixed by gimmicks. Either the network is desirable to use in a couple decades or it’s not. If 3 or 4 decades into bitcoin’s life it can’t generate significant settlement volumes, and gets easily censored due to low fees, then it’s just not a very desirable network at that point for one reason or another.

Some soft forks like covenants can be thoughtfully considered for scaling and fee density, and it’s good for smart developers to always be thinking about low risk improvements to the network that the node network and miners might have a high consensus positive view toward over time. But trying to rush VC-backed softforks, and using security budget FUD to push them, is pretty disingenuous imo.

Anyway, good morning.

This is the signal i need in the AM

Is 1 coinjoin enough from a practical standpoint for coins bought non-kyc?

nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx ?

I just tried to zap and it worked just now! 😀