80
szarka
80ba3b7745d73bf269d5dad1e9952f3eff851d3f16fc5efb1f052889dea18705
Geek. Bitcoiner. Economist.

For those who weren't following the adventure in real time on Telegram, here's a nice writeup about a recent incident that has some lessons for anyone running a Lightning node: https://medium.com/@goryachev/bitcoin-node-security-case-study-e1ca00a378b5

Even in the 90s, contributions were happening as a side effect of Linux use by companies and big organizations. For example, the Ethernet drivers I used on all my servers in the late 90s were written by someone at NASA (probably as part of their work on Beowulf clusters). My company (an ISP) didn't write much code, but we gave modest $ support to open source projects, mirrored repositories, etc., because we knew OSS was crucial.

Some aspects of the ecosystem are more easily monetized than the software development: operating relays, image hosting, etc. I could imagine a viable model where the branded version of the software ships posting to a set of relays that require payment, etc., by default. Newbies will naturally use the paid services, and some of the experts will continue to use them as a way of supporting the developers.

What really matters—the war we've been fighting for 2+ decades now—is that the *protocols* stay open and interoperable. Actually, it also matters that they stay simple enough that core functionality can easily be reimplemented and servers can be run by any reasonably geeky person.

At the end of the day, I think a lot of this comes down to culture. What are the nostr equivalents of a hard supply cap, "not your keys, not your coins", hodl, and the other touchstones of Bitcoin culture that seem to be working so far?

TradFi: Payments via a blockchain may fail because of bugs. You should stick to tried & true centralized payments systems.

Also TradFi: https://www.cbsnews.com/news/bank-of-america-wells-fargo-banks-direct-deposit-delays/

Hmm… That makes me wonder, is there a handy tool for turning notes into RSS feeds yet? Not a great solution for DMs, but that would make it easy to integrate public notes into a whole bunch of apps—Thunderbird, Zotero, etc.

See, e.g., this, from their FAQ. At the end of the day, it's probably "stuff the FCC doesn't approve of". But my interpretation is that syncing Bitcoin nodes would be OK, since you're not receiving compensation. But routing fees would be verboten, even if encryption were allowed.

What might be interesting would be broadcasting blocks and/or transactions a la Blockstream's satellite service. Or, if that's too bandwidth-intensive, maybe setting up a service where your node could accept transactions submitted via packet.