If you have a Github account, please go there and tell me what you really think, even if you think it's a stupid idea.

Thanks, in advance.

nostr:note1a5z6asng4tj06uddnu6qkus8g584msld2kgr3plf3amal84wn3kq2jjpy2

Now that ETFs are roaring, is the exchange rate going to collapse every weekend and then surge during banking hours? 🙄

Question for #asknostr - what happens if users are reported? I noticed a “report user” option on Primal. Do the client devs get that report and if so what’s the process there?

Do clients provide some level of content moderation or is it mostly up to the user to choose what and who they see?

On TikTok there are a lot of repliers who seem concerned about trolls or other villains. As a veteran of old-Twitter, I’m not very concerned, myself, haha, but I am curious how this all shakes out in #nostr.

Question for #asknostr - what happens if users are reported? I noticed a “report user” option on Primal. Do the client devs get that report and if so what’s the process there?

Do clients provide some level of content moderation or is it mostly up to the user to choose what and who they see?

On TikTok there are a lot of repliers who seem concerned about trolls or other villains. As a veteran of old-Twitter, I’m not very concerned, myself, haha, but I am curious how this all shakes out in #nostr.

Volatility is our Protection

————————————

"Bitcoin is too volatile." How many times have you heard that from normie nocoiners? I know for myself, it's the biggest reason that I've heard for why there's not greater adoption.

Indeed, it's an understandable objection. The upside is great, but volatility and risk are not, at least from a normie point of view. After all, if the point of saving is to mitigate risk for the future, then volatility does the opposite because there's less predictability in purchasing power.

Yet if we examine things a bit further, what they ask for is something that cannot exist in a fiat economy. Let me explain.

The behavior that is sought by the people that complain about Bitcoin being too volatile is an asset is something like the various fiat currencies that are stable to the dollar. For example, the Euro, the yen and the Canadian/Australian dollars have fluctuated, but have stayed in a reasonable range of the dollar, not really deviating more than 25-30% from the average over the last 20-30 years.

Yet their lack of volatility is decidedly artificial. It's the result of central bank operations. They keep their currencies within a peg range against the dollar by buying/selling dollars as needed. Obviously, Bitcoin doesn't have a central bank, so there's no stabilization mechanism and thus is a lot more volatile.

Other than a few currency traders, nocoiners generally don't invest in foreign currencies despite there being relative stability and little volatility. They want the upside of Bitcoin as well. The returns of Bitcoin have been staggering, especially compared to traditional assets since its inception 15 years ago. The nocoiners want the large upside without the volatility. They want an asset that goes up over the long term with little to no volatility in the short term.

But this is impossible. Suppose such an asset existed. Say an asset went up 50% a year without volatility. What would happen?

The main feature of central bank backed fiat money is that there's no opportunity cost for money and loans are basically infinitely available. So say the loans are available at 10% yearly interest. The wall street finance bros in that case can easily buy the asset with the loan to make a cool 40% profit. They would do that all day long because making 40%/year is very difficult.

But because they need to *buy* the asset to make this trade work, this trade would cause the asset price to rise. But even if the asset price goes high enough that it's no longer 50%/year, but 20%/year, they would still continue because there's a 10% margin that they can make. Indeed, they will continue borrowing and buying for this trade until the asset's yearly price increase is at or below the loan rate.

Indeed most of the profit available in the market have gone to bankers for this reason. Profitable things (companies, assets, etc.) all get arbitraged to death through these infinite loans.

So why doesn't this dynamic happen to Bitcoin? It's the volatility, particularly to the downside. The problem with using loans to buy the asset is that when you're underwater on the loan, you get liquidated. And liquidation makes the downward volatility worse! In other words, the giant volatility swings add significant risk to the loan-based strategies, and the more people doing them make the risk worse, even in the face of the massive profit margins.

Bitcoin volatility is our protection against fiat games taking over. The volatility adds risk, which prevent the loans from being too easily given, making the borrow and buy trade harder. The volatility also clears out the leverage, which ultimately comes from money printing.

Volatility makes the levered players, the privileged players in the fiat system, lose. And that means the normal people, the ones that can't get loans or leverage win.

Volatility is the plebs' protection.

nos.lol

DAU 6969

WAU 20770

MAU 58065

Active user means active public key. The user posted something to the relay, be it a like or even an app data update like 'last read msg'. If he/she just reads, it is not counted. Stats are after spam filter (should contain almost no spammers).

It‘s a general problem with AI, no? It has no stakes and feels no pain. At least the slaves of Ancient Rome were threatable by punishment for mistakes.

Did anyone figure out solution for followers gap between Primal and Damus? #asknostr

Anyone uses a browser extension to read the contents on websites for them??

I've always been a visual person but I'm done. Lately, I'd rather listen to audiobooks than reading them and now I would like contents read to me rather than me using my eyes on the screen. Help! 😆

#asknostr

#lessuseofmyeyestr

Boating is safer than skiing 😅

MCL tear, thankfully not fully torn 💪🏻

#grownostr #garden #elderberry #mulberry

Bitcoin up.

Coinbase down.

It's practically a law of physics!

Moar

nostr:note19qj4y0r30m6hygxce7fna0yx8j8e65qch4zh0wx402rk2duzerns22fuct

Exactly

Cashu is non-custodial Ecash for custodial Bitcoin.

It has in common with other custodial systems:

- You can inflate the supply

- You can get rugged

Not in common with other cust. systems:

- Amazing privacy

- Censorship resistant

- Irreversible

- Pay offline

- Bearer instrument

New learnings from yesterday's release that I had never considered.

Receiving an edit proposal creates some interesting dynamics:

- If you were ignorant and used a less precise way to argue your point, an expert can quickly fix it for you. This is educational to the author.

- Grammar nazi's can now be happy without adopting a combative reply. Everyone loves getting their typos quickly fixed by somebody else who can just write better.

- If you are using inflammatory language just to get clicks, somebody tones it down in an edit and you reject it, it sends a clear signal that you are here for the clicks and not for the discussion/debate. People can now choose to walk away from profiles that are only here to troll.

What else are people seeing out there?

2k ppl using unleashed.chat now, I think there is a market for real-open-ai

And we haven't even started productizing beyond chat bot or added fiat option.

🤯🤖

#asknostr

I need to get some publicity pics photoshopped into a different background and I want to stay away from the big tech AI tools.

Any suggestions?

(I'm sure there's a way to actually photoshop, but I'd need to learn to match the lighting etc...)

#AI

What is Love?

#asknostr

Have you thought about intentional bot noise created since 2016/2017 to fill internet with endless webpages that screws up search results but mainly to build a wall/moat for a functioning AI? Ai most other or diy AIs are disabled and handicapped when using general internet

All our collective efforts in 2024 must be employed in developing a Nostr app with a single button. Users won't have to think, they will just press that button and they will be fed with content selected to them by an amazing algorithm. When they are hungry they press the button and food will be put inside their mouths. Whenever they feel a little bit of discomfort in their bodies they just press the button. The app cannot mention relays, keys or the word "Nostr" because that will intimidate users, it should have a familiar name, maybe it should be called "mom", since that word is very familiar to all normies since when they were babies.

Re: NOSTR FUNDING..

In my humble opinion, people should seek profit.

We do have a lot of funding available from OpenSats (new grants approved every week), HRF, Angels and VCs. But they won't make you "rich". PHILANTHROPY and/or VC, are great means to get boosted but are not sustainable long term. (aside from protocol and research work, which is basically academic work and take the academic philanthropy route)

Profit is freedom, profitable ppl don't need to ask for permission.

SUSTAINABLE and ETHICAL revenue positive businesses last generations. And very satisfying if you don't mind me saying.

Timing is EVERYTHING! We are ultra-early in nostr, almost too early. Almost everything you see around you won’t be here in the same shape/form in a year or two. Find ways to cockroach the early days, survive another day. Build expertise, build value, build IP, build relationships. All this fun and pain of the early days can have very good returns for those who survive.

I'm here (and many others), If you need help, advice or just a capitalist to scream at.

😘

Or you just didn't set up geoip well 😂

nostrleaks needs to happen

User 1 sends the event to User 2 via P2P instead of pushing through a relay. Then User 2 can send to any relay it wants for backup and to share with other clients the same user uses.

Amethyst would just send it to your own write relays for backup for now. And we could have an option to turn that off for the privacy-conscious users. In that case, no event received via P2P ever leaves the phone.

We are beginning the development process for transmitting Nostr events in a peer-to-peer fashion, away from relays. This will start with Gift-wrapped DMs, Private Attachments, Private zaps, Private Text Notes, and Private Reactions; and will be the preferred transmission choice if both users are online, falling back to relays when they are not. Our Push Notification system already transmitted over 500,000 GiftWrapped Nostr events that relays will never see. With a full P2P this will get even better and will open the doors for voice and video calls directly inside Amethyst. Side-stepping relays won't be easy or quick. And I am sure we will get strong pushback from relay operators. But we will get there. And while this might start as an Amethyst feature, it will be a NIP and other clients will be able to join the privacy train.

Nostr is just starting.

Add all kind:30000 with d="mute".

The only issue is that Amethyst only uses the private part of that event. So, you will never see blocks from Amethyst users.

But you can use the Report function.

Users know that Block is private, for themselves only, Report is public.

1 BTC and it's yours 😎

Where is this?