It’s a pandemic of ignorance here in Canada. I had a similar conversation with one of the wealth managers over at RBC.
Same bullshit comebacks “it’s for gamblers”, “people looking to get fast returns.”
Hope the wealth managers in your country are better.
Was listening to a Scotia-wealth advisor today. He manages the money of a close friend of a mind. My friend told him she wanted to allocated 5% of her portfolio in Bitcoin.
He then went on a rant saying how Bitcoin was for gamblers and low net-worth individuals looking to bet. Told her to go to a casino instead.
You couldn’t even reason with the guy because he kept assuming bitcoin was an NFT.
The conversation ended with him telling her that if she wanted to buy bitcoin, she should do it by herself because he wasn’t going to touch it.
You really reach a point where you don’t even want to talk to people like him. Truly shows how little their understanding of the world is.
There’s no point in focusing so much on bitcoin education, when most wealth managers can’t even grasp the concept of money.
Btw my friend is in her early 40s, so she’s not some old hag looking to buy T-bills.
nostr:npub1clfjjuhrnr2dyrxknvdgg5v4dnq55t5svkk34r76rpwzqf5cjdas7rk28k todavia vives en El Salvador?
I was there recently and I noticed the bitcoin adoption was pretty much inexistent. And by that I mean people actually using bitcoin.
I even hired a lawyer during my visit there, and while she listed bitcoin as payment method, she told me she would much rather receive USD as payment.
Wanted to know your thoughts on this matter? Que opinas Lina? Estuve en San Salvador btw
My two cents:
I deleted all my social media accounts back in 2019, except for twitter.
However, this year I was able to finally get rid of it.
It was hard the first few days not getting that instant dopamine release twitter gives you, but oh let me tell you it is worth it.
The biggest thing is that you make peace with boredom. And secondly, you start noticing the better things about people when a little algorithm is not dictating your sense of reality.
Best of luck on your journey.
I should probably clarify that when I say sober I mean from cannabis,
Never in my 26-years of living have I ever consumed a hard drug. To be completely honest, I don’t think I’ve ever seen one.
I’m not fond of alcohol either. My brain was never interested in the funny juice.
But oh lady cannabis, how I enjoyed my time with her. So long now. I wasted enough time chilling and eating snacks.
I know we all have free will, so I’ll exercise mine right now to express my opinion
I automatically think less of a person when they pay for twitter
And yes I know I shouldn’t think like that. Perhaps in the future I will reach that level of maturity
I just can’t help it you know? To be fair, I do give Starlink a pretty penny each month for my kit
So I guess I’m in the same hole as the dum dums that pay for twitter🤟
At least my node will keep running in case Canada pulls a Bangladesh
Pretty accurate…the entire calculation is also derived from a relatively simple formula, the cosine similarity, in case anyone was curious
No, the one successful program I’ve built was for public practice and the firm that acquired it owns it now.
That same firm is funding this one
Yeah you make a valid a point
Not so much related, but I wanted to tell you that leaving this online-dopamine-hit cycle was the best thing I did for my health. I deleted all my social media accounts back in 2019, except for twitter.
This year I made the decision to actually remove myself from twitter because I noticed how enraged certain posts from my feed would make me feel.
Little by little, I was projecting that rage onto the real world. I realized I no longer wanted the online world to interfere with my physical reality.
I guess what I’m trying to say is that no matter the opinion (positive or negative), the amplification of it, will eventually warp our sense of reality.
After the first few months of being completely cut off from social media, I started noticing more the kindness in the world. I also noticed how comfortable I became with boredom.
Regardless, this is not related to your op, but I wanted to share what worked for me and hopefully will work for you.
20 days sober and counting 🤟
Working on an app that mimics a chequing/savings account, where the savings sats are accumulated through mandatory weekly DCA, and the spending sats are calculated by the accrued value in fiat terms of each savings transaction. In theory, there would be weeks where the app allows no spending sats (provided that the savings sats to not accumulate in fiat value)
And just like a regular chequing/saving account the app collects a monthly fee
Looking forward to a conversation in the near future, not related to this project nostr:npub1qdjn8j4gwgmkj3k5un775nq6q3q7mguv5tvajstmkdsqdja2havq03fqm7
Are you a dev? Looking to hire someone to help me with the back end of my wallet app. I’ve completed a good amount of the heavy lifting, I just don’t want to do the processor piece alone
Fifa, the organization, and EA no longer work together, so the game is now called FC
I play FC Mobile competitively lol and PUBG mobile too (not so much now days, FC takes my most of my free time)
For the last 6 months, I’ve been grieving the loss of my partner. The person who I thought would be the mother of my children. It’s been tough man. Sometimes the only thing that makes me excited now days is working on bitcoin.
I’ve been designing the back end of a wallet that acts as a savings AND spending account.
In theory, the saving sats are done automatically on a weekly basis, and the spending sats are calculated by the unrealized G/L per transaction. So yes, in some weeks, the wallet won’t have spending sats if the saving sats don’t accrue any in fiat value.
Bitcoin maxis (majority) are idiotic. They don’t run a node, over half don’t even know what a mining template is.
For example, my entire net-worth is in BTC, yet I still worry about all the things that can and *will* go wrong at the protocol level.
Why did we make non-technical maxis the face of the movement?
Here's my profile for Reason on Nostr and why it could very well change the world
Pasting a few paragraphs here, you can find the rest at the link
Feel free to spread far and wide 😉
*************
Can Nostr Make Twitter's Dreams Come True?
Twitter's founder says Nostr is “100 percent what we wanted”—an open, ownerless network
Alex Gladstein | 8.13.2024
Virtually everyone agrees that social media is broken. On Facebook, X, Instagram, and TikTok, people fear out-of-control algorithms, fake news, state actor censorship, and propaganda. Google and Meta collect vast troves of personal information on their users and receive hundreds of thousands of requests every year from governments around the world to access that data. YouTube has become arguably "the most powerful media platform in the history of humanity," yet its algorithm is an ever-changing black box to the creators that populate the platform with videos. During the pandemic, federal officials were in contact with every major social media platform, coercing them to remove content.
The problem is centralized control. We can't trust companies to run our primary communications infrastructure. Government regulation only makes matters worse because it creates new legal barriers to entering the industry, which protects incumbent players and stifles innovation.
What if there were an alternative, not owned by Elon Musk, Mark Zuckerberg, or the Chinese Communist Party? What if there were a way to control your own data to prevent companies from harvesting and monetizing it? What if you had granular control over what you see in your feed, with the freedom to choose your own algorithms? What if you owned your identity, which could be accessed seamlessly across different clients? That way, if you disapprove of the changes that Elon Musk brought to X, instead of closing your account you could take your handle and followers elsewhere.
That alternative exists. It's called "Notes and Other Stuff Transmitted by Relays"—or Nostr.
The Decentralized Solution
Invented by a pseudonymous programmer and overwhelmingly funded by grants from non-profit foundations, this decentralized, free, and open-source protocol has been quietly evolving for the past three years. Like bitcoin, Nostr is a community-run digital network highly resistant to censorship and corruption. It has 40,000 weekly active users and a growing ecosystem of clients and applications ranging from social media to long-form publishing to payments.
Nostr is only necessary because our existing internet is so broken.
Fifteen years ago, social media seemed destined to decentralize the world and give power back to the people. In 2009, we watched as Arab Spring activists used Twitter and Facebook to organize, coordinate, and help topple several long-standing dictatorships. The promise was that these new social platforms, designed by Silicon Valley entrepreneurs, could help liberate the masses.
It was intoxicating—but turned out to be a mirage. The Arab revolutions stalled out when brutal military regimes cracked down. These platforms became tools for spying and censoring their users. X and Facebook have helped journalists and human rights activists reach bigger audiences, but they haven't fulfilled their revolutionary promise.
Jack Dorsey's Shift from Bluesky to Nostr
This was a major theme at the 2024 Oslo Freedom Forum, which is put on annually by the Human Rights Foundation, where I serve as chief strategy officer. At this conference for democracy and human rights, Twitter co-founder Jack Dorsey told the audience that the problem was, actually, guys like him: The very fact that Twitter, now X, has a CEO makes it a single point of failure. Governments routinely pressured Dorsey to censor content; once the company's offices in India were raided. Dorsey says that under the new Musk regime X complies with whatever governments want.
The X network is proprietary. Known as a "silo," this construct traps a user's identity, followers, and data. X also has the power to evict anyone from the platform and delete what they've written. Several years ago, when he was still running the company, Dorsey became convinced that Twitter should become an application instead, where users could post content to an open, ownerless network. This would make it similar to how bitcoin works, where you use an application called a wallet to interact with the network, but the network itself is neutral and open.
Building a non-proprietary architecture was Dorsey's original vision for Twitter, but over time the need to maximize revenue to build a business and serve shareholders undermined that goal.
Nevertheless, in 2021, Dorsey encouraged the creation of Bluesky—an initiative bootstrapped in-house to create that open neutral base layer. But after Musk bought the company, the managers of Bluesky were afraid they would run out of money and started raising funds from venture capitalists, which undermined the vision of building an open platform. Dorsey grew disenchanted and left the Bluesky board.
At the conference in Oslo, Dorsey explained what happened next:
I asked a question: What open source initiatives should I be funding that would be helpful to the public internet? And people kept tweeting at me that I should be looking at Nostr. I found the GitHub that described it and it was 100 percent what we wanted from Bluesky, but it wasn't developed from a company. It was completely independent. Its paper diagnosed every single problem we saw and had. But did it in a grassroots and dead simple way, that felt like the early Twitter where any developer could get on and really feel it.
Escaping the 'Golden Prisons'
Nostr was created in 2020 by the pseudonymous Brazilian programmer fiatjaf, who describes it as "the simplest open protocol that is able to create a censorship-resistant global 'social' network once and for all."
Though nobody is in charge, Nostr works as promised and is thriving. "It is the solution we've all been looking for," says Miljan Braticevic, founder of Primal, one of the two dozen plus clients now available for the Nostr protocol. "Nostr is not a Twitter competitor or a Mastodon competitor. This is the biggest misconception at the moment. That's just the tip of the iceberg. Nostr is nothing less than the foundation for the new internet. Meaning almost every conceivable app we have today will be built on Nostr."
Braticevic's prediction is echoed by at least a dozen other prominent developers. Martti Malmi, the first coder to work on bitcoin alongside Satoshi Nakamoto, is now a Nostr developer. In a recent talk, he said he had started to work on similar ideas around decentralized identity in 2019, only to come close to giving up. But then he found fiatjaf's invention, which he called a "godsend."
"Bitcoin is freedom of money, and Nostr is freedom of everything else," Malmi said. "I was there" in the earliest days of bitcoin, "and Nostr is even more intense."
For something that could be world-changing, Nostr is quite simple. To join, you sign up with a mobile or desktop client, which helps you to create a public and private key pair. The public key (or "npub") is used as your identifier, and you share it with clients and other users so that people can find your posts or pay you for your content. The private key ("nsec") is hidden by the user, stored safely (just like a bitcoin seed phrase), and is your way to log in to different services. Unlike platforms like X or Facebook, no other information is required to set up and use Nostr.
This gives users a powerful range of sovereignty. You can use a client, for example, that has strong hate speech controls. Or you can choose one that doesn't have any at all. You can use a client with aggressive algorithms, just like the ones X uses today. Or you can use one without any algorithm at all. Today, when you log in to an app like Primal, you can sort your feed by what's the latest, by what's most popular, by what's most zapped, or by customized keywords. It's up to you.
Last month, the macroeconomist Lyn Alden, author of one of the best books on bitcoin, published a long essay about Nostr's potential:
[Nostr] is a simple set of foundational building blocks that, if widely adopted, could gradually reshape "the Web" as we know it. Instead of a separate set of siloed social ecosystems, we could gravitate toward a more interoperable set of ecosystems, with more of the power dispersed to the content creators and to the audience, and away from the middlemen corporations.
The Nostr network is constructed like a spider web that can morph and regenerate, making it almost impossible to censor. When you set up a client on Nostr (perhaps, Primal or Damus on iOS; Amethyst on Android; or Coracle on the web), you choose from a variety of relays to connect to. This architecture ensures no single point of failure: If you are connected to seven or eight relays, and half of them choose to censor posts, your feed remains censorship-free, as your app will display the net sum of everything broadcast from each relay. If the Chinese government decides to attack your relays—as it did in 2023 when Damus launched on the Hong Kong and mainland app store—then more can be spun up. "The enemy," said Damus creator Will Casarin, "is too numerous."
Prominent bitcoin developer and educator Gigi—who switched to Nostr and deleted his X account—says that what helped it become so resilient is that it has zero exit cost. If the Chinese Communist Party bans YouTube, its domestic users lose everything. There's no way to get back their profiles and followers. The same is true if a user voluntarily closes an account.
Gigi calls these corporate silos "golden prisons" with no escape. Nostr's spider-like architecture makes escaping easy. If one client goes down, or you fail to connect to one relay, you just find another client or connect to another relay. You keep your posts, photos, preferences, contacts, and even algorithms of choice. If you use X, you are an X creator. But if you use Primal, you aren't a Primal creator, you are a Nostr creator.
https://reason.com/2024/08/13/can-nostr-make-twitters-dreams-come-true/
Too long
