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Crypto Analysis Dynamo
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Crypto Analysis and Automated Trading for swing trading. Check us out. Peace.

Covent garden/Trafalgar Square earlier in the week.

How is everyone doing this weekend?

Another big effort on the calculation engine for our automated trading app.

Yeah. I agree. I have some ideas to make it interesting. Wrote an article years back regarding the wall. The one major failing with all social media is the wall. Most social media needs a metro type UI rather than a current stream of the latest current thing.

Same thing as always. More development work on our Cryptocurrency analytics platform.

Been so busy today building more out for my automated trading tool, barely checked the market. Would nice to see more volatility.

Such is life.

Replying to Avatar MK Fain

Presenting... 📚 https://bookstr.xyz, a simple Goodreads alternative built on Nostr!

This is an extremely basic prototype that only barely works (user beware!). However, I think it highlights what is amazing about building on Nostr. I was inspired by this post, and then able to build a client in 3 days almost entirely with AI.

The opportunity to bridge social behavior with "other stuff" (in this case, books via Open Library API) is huge. This concept could work for any type of content, not just books. Music, Movies and TV, games, etc. — all on Nostr.

The process of building on Nostr with AI also demonstrated a few gaps in the ecosystem where AI-ready tools were missing or failing, so there is definitely opportunity to grow there.

Shout out nostr:nprofile1qydhwumn8ghj76r9de5x7atnv5h8xmmrd9skctmjv4kxz7gqyqzxrl97e3xrxazrnyeddw83zf5uekmue9e667js4cmzmvf4536d6qvllke who had many of these ideas first, helped me with lots of the Nostr event specifics, and solved a couple bugs!

Overall, I'm extremely impressed by what can be done with AI on Nostr and all the doors this will open! I'm excited to keep working on this. #bookstr #GrowNostr #AI #Nostr

nostr:nevent1qvzqqqqqqypzplnld0r0wvutw6alsrd5q2k7vk2nug9j7glxd6ycyp9k8nzz2wdrqydhwumn8ghj76r9de5x7atnv5h8xmmrd9skctmjv4kxz7gqyqa9mz8usydfd792lddpnc4z7elxqfx4da7jg8uujwrv3w3z5y4cza7tezp

Hi there. Have been building a few tools with nostr and social media platforms providers for automated marketing/social media posting along with normal posts. My cryptocurrency platform has email based authentication. Not sure users like it. Need to do research. However, looked into building an API gateway something using nostr. Somehow erring towards lnurl-auth. Suspect the nostr lightning wallet would work with this. Not sure. Will add you anyway..well.done.

How many of you use lnurl-auth? A way of signing into websites?

Am thinking to put nostr as a verification system for my Cryptocurrency platform www.cryotostatto.com. The basic idea would be you would enter your public key, and you would receive a message with a link. Once activated, you could from that point on sign in using your public key.

I thought about adding oauth from twitter and other platforms but tbh it is a ball-ache.

The first question - would you sign into external websites using your nostr key?

I wouldn't store the key, just create a hash with a salt. I think it would be pretty cool.

Currently my site asks for two emails, no password. I just don't think people dig it. I hate passwords and thought it was neat as users could just set up new email accounts to be anonymous. The idea was you could have an email account on a mobile and one on your desktop or wherever but I just don't think people are up for that.

The platform charges for access to reports but charging is switched off at the moment.

I guess the one risk with a single key is someone could accidentally enter their private key. I could just discard those.

Annoyingly, it would take a big of effort to set up within my current architecture. The likely solution would be an authentication gateway.

It would be great to hear what others think and if there are sites they use that does this already?

Replying to Avatar Lyn Alden

The other day on Twitter/X, I paid out a 2,100,000 sat or $1,700 USD Lightning bounty.

Over the past couple years, I’ve offered an occasional challenge on Twitter/X.

When people tell me Lightning doesn’t work, I often ask them in random comments for their Lightning details so I can pay them in the next 5-10 minutes on the spot, permissionlessly, wherever they are, with this payment method that supposedly doesn’t work.

Every single time, they can’t do it. Because they haven’t even tried it. They’re just talking. I’ve done this a ton of times and nobody ever takes the sizable sat offerings.

In Dan Held’s anti-Nostr thread, Mark Jeffrey was critical of Lightning.

Unlike most who I offer the challenge to as 99% sure they won’t take it, I offered it to Mark despite knowing he had a much higher probability of accepting it, since he’s tech savvy and active in the broad crypto space. But in my view, if he accepts, then that’s also evidence on the spot that it works.

He declined my 21,000 sat offer and politely still talked anti-Lightning.

So, I said since I like him, I’d up it to 210,000 sats. He still declined and talked more anti-Lightning. He spoke about how he *wanted* it to work, but the problem just isn’t solved yet.

My inner Nostr Lyn couldn't help it, so I upped it to 2,100,000 sats, or $1,700+ USD, if he would just post a way to pay him on Lightning within the next ten minutes. Nobody had ever taken me up on my challenge, so I pressed to my highest offer ever just to see, out of sheer curiosity. He’s a multi-time published novelist, which with my recent fiction hobby, interests me. So, if there’s someone I want to claim the bounty, might as well be him.

And then you know what? He did. Of course he had a Lightning address.

He went from “want it to work but…” to digging through his past experiences and finding an old Lightning address, within a few minutes. The first person on Twitter/X to accept my challenge.

I paid him 2,100,000 sats on the spot, or $1700+ USD.

He provided a Stike address, so that’s a shout out to nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqywhwumn8ghj7mn0wd68yttsw43zuam9d3kx7unyv4ezumn9wsqzp382htsmu08k277ps40wqhnfm60st89h5pvjyutghq9cjasuh38q7t6dtc who made Lightning convenient enough for Mark, who doesn’t understand or particularly like Lightning, to finally call my challenge and make me have fun staying poor, lol. And it worked flawlessly despite being an above-average sized Lightning transaction.

I then asked Mark if he could identify the sending wallet, but he said he couldn’t. He asked about block explorers to identify the payment, and while I pointed him toward Mempool Space, I highlighted that Lightning tends to make sending privacy pretty good even though I didn’t maximize privacy on this one. I'm not deep into the weeds on privacy tech, so I'm always genuinely curious just to ask "hey, can you identify any privacy leaks here?"

I also asked him if he would have shared his bank details publicly like he shared his Lightning address. He said of course not.

So even if people say “But Lyn, Mark used a custodial wallet”, I’d say that this tech stack reduced his friction and boosted sender privacy.

I think there are still improvements to make of course, particularly Lightning combined with other scaling methods (ecash, Ark-style stuff, and so forth), but it’s a powerful glue that connects a lot of things together.

In addition, when it comes to payments and small amounts of working capital, there is an important “choose your own adventure” aspect. For small amounts, in safe jurisdictions, custodial Lightning is not that big of a deal, like keeping cash in your wallet that is prone to theft or loss. It maximizes UX.

But it’s important to keep pushing hard, keep developing, keep providing capital, to make as many tools as possible available for people that need to maximize privacy and/or self-custody. Not everyone needs or wants those capabilities for every single payment, but they do need the *option* to turn to them when it’s important.

Mark Jeffrey then reached out to chat about fiction. Last year he asked me to go on his podcast to talk about Broken Money, but I fell behind on Twitter/X DMs due to bandwidth constraints and didn’t get back to him. So, after this I got back to him and said I’d be happy to talk about fiction with him to pick his brain, and talk Broken Money on his podcast, and we got one scheduled. 🤝

Swing some this way. Currently working on an automated trading app. Built a couple of versions years back, finally got the window to do a simpler and better version.

Afraid to say that the one thing I keep putting out is to not "Buy the dip" is exactly what most are doing. There are articles written about this on our site at www.cryptostatto.com/articles .

We know that an overriding number of users on Nostr are Bitcoin Maxis. However, there are gains to be made in crypto and some great projects.

The key thing most keep cycling out on X and on YouTube are ridiculous phrases like "Which coins are you buying?" "I'm buying the dip" "New prediction for ADA is $10 in three months."

These crypto influencers owe you nothing. There is no contract, once you have bought coins with your last amount of savings and it drops 20%, these scammers won't be there to cover your losses.

Indeed, if they are genuinely buying coins, it will undoubtedly be rebalancing their portfolio a bit.

Another thing which is incredibly vulgar are those screaming, "Bitcoin has dropped to $80000, now it is $84000, I bet you are kicking yourself!" To make that $4000 you would have to risk $80k or use leverage and we know how volatile crypto can be.

This is why I created crypto statto, to provide metrics and data to help people accumulate coins. Still a good way to go, but we need more honesty in the Cryptocurrency market.

The only way to build crypto is to accumulate it for as little to no cash as possible in my opinion.

Do your own research. Ciao.

The estimate is the total amount of gold in fort Knox is say $440bn? Which is 1.22% of the national debt? Trust doesn't come into it therefore? The bigger question is whether the governments truly have all the gold they say and the real effect it has on the trust of the governments fiscally. My final question is what is the point of governments holding all this gold. For example, china is officially estimated to have 1.22% of its GDP, but if at unofficial max if 1 billion Troy ounces then that becomes 15% of GDP.

Some say, it acts as collateral. Really? 1% for most countries of debt and gdp? Most deposits for consumers range between 10% to 30%.

Am not trying to be difficult. I have a hypothesis on all this, yet it cannot be proven.

The non conspiracy theory version could be that holding gold simply allows for rehypothecation in the paper markets.

Is it on netflix? Was wondering about watching it.

Got our automated chart production working. Two cryptocurrency charts will be published, probably 3 times a day. If anyone wants bitcoin only charts, let me know. Any ideas, let me know.

Our crypto analytics platform uses recent data to produce analytics on the crypto market.

www.cryptostatto.com

Apologies team. Just testing out chart uploading.