Agree. And it’s crazy to me, that after so recently seeing other industries get steamrolled by tech advances, most financial institutions aren’t recognizing the inevitable and acting accordingly. Why in the world do they think that for them, this time will be different?
Nostr is a big deal. Just like Bitcoin is a big deal and Lightning is a big deal. Put them all together and, well, you have a very big deal
Bitcoin + AI
The Inevitable Convergence of Two Worldchanging Technologies
Bitcoin and new AI applications are both on course to drive a new wave of productivity and efficiency gains for humanity. While more people each day are beginning to appreciate the independent potential of each of these technologies to positively reshape the world (bitcoin: cure the ills of money printing, seigniorage, and financial censorship; AI: unlock significant productive and creative output potential), we believe additional excitement is warranted for the coming intersection of bitcoin and AI.
AI will be a powerful force to open up new design spaces and opportunities for bitcoin infrastructure and commodify bitcoin by making it more accessible, supporting the Ten31 thesis that bitcoin’s utility and applications will expand over time and that the TAM for bitcoin infrastructure is far bigger than most realize.
In addition, bitcoin will naturally complement the growth of AI, both serving as a payments tool for computational demands and asserting its scarcity to impose real world costs and constraints on any tendency for AI algorithms and AI produced content to replicate ad infinitum. In the age of digital infinity, bitcoin’s absolute scarcity will be king...
Finally, while the synergistic potential between Bitcoin and Nostr is becoming more obvious (particularly as lightning payments begin to proliferate across Nostr), we also believe AI could have a notable role to play. A few potential integrations we believe could drive value and form the early beginnings of a Bitcoin + Nostr + AI “tech stack of the future” are censorship resistance search and knowledge acquisition and discovery mechanisms.
Bitcoin and AI are world changing technologies to which all individuals and companies will be forced to adapt, and it is inevitable these two fields will eventually overlap. There are parallel platform shifts happening as a result of both bitcoin and generative AI, and the benefits of such a change generally accrue disproportionately to those who participate and/or invest the earliest. As such, individuals and businesses utilizing the tools now will be advantaged versus those who aren’t, and capital allocators who are investing in bitcoin infrastructure tied to these priorities in anticipation of the AI-driven tailwinds will be afforded the most asymmetric upside.
Read the full essay I wrote with John Arnold from Ten31 here: https://ten31.vc/content/ai
Re: Bitcoin + AI
“In the age of digital infinity, bitcoin’s absolute scarcity will be king…”
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Totally. We’ve been stuck in the current social network paradigm for way too long. I’m sure there are plenty of people already working on cool nostr things, but that—the number of minds at work with it—is only going to increase by orders of magnitude. Exciting times…
Pretty monumental moment here, with zaps coming to iOS in a big way. Thanks #[0]
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You mentioned a few days ago wanting Nostr to become the place for content creators. I think things like this will make that happen. I see a lot of people on Twitter thinking their engagement is down, asking others if they see the same, then concluding there’s something wrong with Twitter, either in general or for them personally.
Little by little people will lose trust in Twitter and want an alternative. Nostr with zaps is the obvious choice, especially for content creators.
Not me. 2x really seems like my limit, if I want to actually process and retain what I’m hearing. And it turns an hour into 30 minutes, which is great. Getting that down farther isn’t such a big gain that I find it worth it.
Also, I’d add that while 1.75x is my norm, I do sometimes go down to 1.25x, if it’s material I have to think more about.
1.75x is my usual. Down to 1.5x for fast talkers, and up to 2x if it's straightforward content. Am frustrated when I find myself someplace that only offers 1.5 or 2, but not the in between.
Yeah, the ability to get your work out there exactly as you intend it, is really powerful.
As for a lightning wallet… Soon (tm) 🙂
Others have mentioned the control aspect, but that ended up being a big reason I was very glad to have self-published my dark fantasy series.
In the last book in the series, I wrote something in an unconventional way. My editor said if she was the publisher, she’d make me change it. While I very much respected her judgement, I decided that in the last book in my series, with readers having come so far with me already and no next book in the series, I would rather take the risk to give them something special, than play it safe.
At that point, I was especially glad to have self-published.
Feels like a profound point, truly. That said, do you think it could end up putting those with less money at a disadvantage?
People with more will be able to zap more things, and in greater size.
Again, I think it’s a change that makes a lot of sense, but I do wonder how it will work in practice.
Totally agree about BTC’s ethos aligning with where the USA came from. What frustrates me right now is that people don’t understand that about BTC and even ignoring BTC they also don’t understand how broken the current financial system is, and how the USD has become something (fiat) our founders feared.
There’s just so much misinformation all around. I wonder how we can reach people with the facts.