I would rather just make money for value I provide instead of begging for money every year. People say “just ask” but it feels wrong to me. I definitely like nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc ‘s vanity skins idea and will try that.
Have you considered monetized-branded Damus client/relay forks? Imagine your favorite podcaster/internet community forks the client, brands as a community, pops up or contracts a relay to provide redundancy & censorship resistance for their community. They benefit from your continued main branch Damus development with periodic performance updates, opportunity to monetize their community through v4v. You receive developer/maintenance fees for client (and server maintenance). You provide these ervices you provide for free today. Basically you become the Squarespace of communities. Customers benefit from gaining the cloistered censorship resistant sounding rooms their communities desire. The Nostr adds new theme-based user bases on the sly, and your customers should determine what level of global discovery they desire, but eventually users will discover that they can travel their nsecs to other clients and experience the broader nostrverse.
Someone will do this might as well be the person setup to execute on it. Largely you would keep doing the work you are already doing but you have monetized side hustles to keep your stack growing. Nostr benefits, internet community censorship resistance increases (imagine pop up contract relay operators meeting capacity/redundancy needs for these communities to reduce centralization), and most importantly you get paid for what you are already doing.
We need to create the legal framework for self organizing as “hodlers banks”. Groups of bitcoiners pooling their resources to (over)collateralize dollar loans (short the dollar) to purchase energy-limited value chain resources (cattle land, mineral rights, power plants, durable equipment production). Whatever carries value through time, we should be shorting the dollar to acquire. Legitimize our coins by becoming the federated bank(s) of Bitcoin. Consolidate energy value chain resources while they are scrambling for our scarce resource. Accelerate the dollar short and gobble up their acreage and production capacity.
We are going to have to discard our pleb mentality and become the sound financial leaders they can never be.
Blessed UTXOs are an inevitability. Someday it will be “we only count Coinbase coins after block X”. Any country which chooses to exclude a subset bitcoin from their economy, creates opportunity for enemies to capture that buying power. With enough hashing power, patience, and a private mempool any (person/nation/state/corp) can wash unblessed UTXOs as txn fees.
Bitcoin is fungible… as time goes on, there will always be a buyer of last resort for *any* Bitcoin. They are just psyopping people into exposing their holding for future taxes or violent seizure.
Ending the year off strong!
Over the last few months, we've been preparing our wallet for Fedimint integrations. Today marks the first release with Fedimint support ready for alpha testing!
Fedimint is software for managing federated custodian funds. It's similar to the trust model of Liquid but better privacy and without a blockchain involved. It also has first-class support for Lightning.
The way we've gone about the integration is to seamlessly smooth over the edges that exist in self-custodial Lightning. Our hybrid approach will use a configured Federation when needed. Otherwise, it uses self-custodial Lightning if it exists for the user. This helps things like channel reserves, channel minimums, high chain fees to get started, etc.
You may add a Federation alongside your existing wallet or start with one without needing to open channels or pay on-chain costs. We recommend keeping the value low since this is a very early release, and there are some known features that we still need to develop.
It should feel and act like the same Mutiny Wallet with some caveats around backups for now.
A massive shoutout to the Fedimint team for their recent v0.2 release. It's still early for them and us, so all testing and feedback is welcomed! This does rely on having a federation invite code. We suspect that, over the next few weeks and months, more mainnet federations will pop up. There is not a default one built into the wallet.
We should also have Lightning Address support in a few weeks that works through federations. Kody has already started that work, and it seems promising: https://github.com/Kodylow/hermes
Also, there's beginning work on supporting the Lightning Service Provider Specification, which will eventually allow more plug-and-play support for any LSP to power Mutiny. This will be huge for more advanced node runners as the spec matures. Huge shoutout to John Cantrell for that work.
A lot of core infrastructure has been built into this release. Let us know if there are any problems; it should be identical to previous versions if you do not configure a Fedimint or different LSP.
Expect much more to come soon. Happy new year!
Inspired by nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy to look this up:
“When the going gets weird, the weird go pro” - Hunter S. Thompson, Fear and Loathing in Las Vegas (1971)
These are positive developments for freedom money. What are the expected privacy, sovereignty, or security improvements of a Fedimint being used in this way compared using Liquid protocol for small payment bundling prior to atomic swap to lightning? Is the blockstream liquid federation know to be less trustworthy than the suggested unnamed parties described here?
Users freely decide what resources they utilize on the Nostr. It’s a protocol. Many lovely and terrible things will evolve here. If Coca Cola wants to host a free relay, and feed you corn syrup ads all day, you can use their relay (or not). True free market dynamics will rule in an unregulated protocol.
We need to define the incentives of the Nostr ecosystem architecture now and the VCs and entrepreneurs will join if they see value.
Follow the Satoshi way: Define the incentives, support the early network, then step back and let the free market reign.
Payment details? Just zap a 1000 sat invoice every once in a while. We need to breakdown basic cost per zap for running nodes and it will probably be less than 0.1 sat per post, 1sat/note/month for note durability and further charges for image upload. A few market can develop and clients can dynamically choose relays based on fees and reach to followers. None of this will be expensive but building the incentives right will create innovation on the infrastructure side not just the UI/client.
We need to break away from free services. Free image hosting,free video streaming, free relays, free free free. This is unsustainable and socialist, something for nothing, thinking
We need economic models that work or we’ll end up becoming the product. All notes should be zaps.
-pay relay micro fees to post note
-pay for note durability (note saving)
-lightning prisms for multi-relay reach/durability
People freely zap memes, ALLCAP shitposts, AI hallucinations, and sad stories. It’s time to pay for the servers to scale Nostr. No subscriptions just zap-to-relay posting. This free shit is socialism in disguise 🥸
Blockstream Green Wallet integrating non custodial lightning wallet in beta through Project Greenlight integration. Channel balancing in liquid. Useful features but missing the killer one:
When NWC nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n ?
Jesse Eisenberg https://en.m.wikipedia.org/wiki/Jesse_Eisenberg
Liquid has nice forward anonymity for organizing and sizing up your on chain UTXOs prior to locking 🗝️ away securely in your prison wallet 🕳️🏴☠️.
nostr:npub1psm37hke2pmxzdzraqe3cjmqs28dv77da74pdx8mtn5a0vegtlas9q8970 is my new favorite tool for reorging. Would love to see a Sparrow Wallet fork with “take change in lightning/liquid”.
Voluntary pay to post for free tier relay. Mandatory or subscription for premium relays with premium features like note archiving?
Clients would be wise to implement these payment rails since most have their own relays for performance and new feature compatibility. Will can’t be going broke on client development. It’s the Damus.io relay costs.
btct.co: ASICMINER stock. Do you remember the day in 2013 when the Chinese socialist rulers tracked down all that electricity usage? If only I had stacked those sats. Oh well…. My recent sats are painfully stacked and painstakingly cared for.