yes we need more governments creating social media platforms

Today I was listening to one of my favorite macro podcasts talk about the Fed's meeting from yesterday. One of the best interviewers in the space, and one of his top interviewees.

And I couldn't finish it. So boring.

They were literally noting the tiniest details. The Fed's prepared statement didn't mention a rate cut in September. And then Fed chairman Powell's prepared press talk also didn't mention it. However, when asked about a September rate cut, he flipped to a page where he had a prepared statement indicating that yeah they're kind of leaning toward a September rate cut, and read it.

So they were like, "Huh! I wonder what the significance of that is. He had a prepared written statement about September, but only when asked!"

People literally judge the Fed chair's body language, facial movements, details like whether he has a prepared statement for a given question, etc. Omg.

For my work I need to note the basics of what the Fed said and all that, like the 3-minute summary of all that stuff. But the sheer excitement that these people had when discussing details like that for an hour was so banal. It seemed like satire.

Zoom out.

We already have everything we need for decentralized video hosting. We just need upload services to support variable bitrate streaming and we can improve video playback performance in nostr clients by 100x

Centralization of video has always been a terrible idea, but we have the tech to fix it. nostr:note16s3hldsrlza3ytysr3jfmzrn6wgjtkryplrh8tylq72flva3sr4s05u79x

What's your favorite non-social-media Nostr usecase?

Like 50 people told me to sort out getting a Lightning address on my profile last night, so I went down that rabbit hole. I think I got it working with npub.cash. Still feeling a bit lost, this is kind of like discovering the internet in the mid 90s for the first time again for me 😂

BITCOIN AND NOSTR ARE THE FUTURE.

PEOPLE WILL VIEW BOTH AS BACKUPS TO CORRUPT ANTIQUATED LEGACY SYSTEMS UNTIL THEY BECOME THE STANDARD.

GOOD MORNING. 🫡

Long term, we need private money or it just gets traced / taxed / seized by the state anyway.

But truly private money makes for a bad store of value. You can’t audit the ledger, so a bug could create unlimited inflation that would be hard to detect.

So privacy is how you move money, not necessarily store it.

Bad marketing for Nostr clients to position as “wallets.”

Being money-obsessed is low-status. And social media is all about status.

Nostr serves as the credible backup plan for when governments seize or ban X.