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Mr Example
a3c1acb135201549e7f0609b2fb4585654fcfc89425c09325d579782e91e2766

How long will it take to earn enough Monero to pay for the computer and the electricity to run it?

You would have more Monero if you just bought it rather than a computer. You'd never mine more Monero with that computer than you'd have by just buying Monero rather than a computer.

Unless you're paying less than seven cents a kilowatt for your electricity, you'll always be better off buying any crypto, not just Monero, than mining it, even if you already own mining equipment.

I know there are people that are mining at a loss to 'help the network', which is nothing more than giving their money to a multi-national energy corporation rather than just buying crypto for themselves. Idiots.

Ahh. I've just upgraded to one of the n100 Umbrel devices with the 2tb nvme drive and it only took 3 days. The 16gb ram would have helped too I guess.

Replying to Avatar HoloKat

What is the ideal flow for buying on a decentralized exchange?

Ideally...

1. I visit a website. I don't need to download anything.

2. I click BUY or SELL

3. I see some options who to buy from and their asking prices

4. I have a clear understanding of how this thing works. Don't just tell me the payment method, but how that transaction looks like after I hit buy.

5. Sort by payment method

6. Guide me through the transaction or better yet, facilitate it automatically.

What does the dream flow look like?

1. Click buy. You are automatically offered the best deal with your preferred payment method (maybe you specified it earlier).

2. You are provided super simple step by step instructions to finish transaction.

Similar for sell side.

The issue I see with decentralized exchanges:

1. Have to download something

2. The whole thing looks way too complex

3. Not clear how it works

Compare to centralized exchange:

1. Click buy. Done.

See the difference?

I think if we are to improve the UX, we have to think grandma level and start from scratch. No trying to improve a complex trading platform, but really think from the basics. What will grandma need to know or click on and how will she feel about it?

You make it work for grandma. You make it work for everyone.

The issue I see with Bisq (I couldn't install it, got corrupt file) is that it looks like a literal stock trading platform. NOT for an average person. I'd say you have to strip it down to 10% basics to make it work for the average person, provided you do everything else well.

Who controls the British crown?

Who keeps the metric system down?

We do, we do

Who keeps Atlantis off the maps?

Who keeps the Martians under wraps?

We do, we do

Who holds back the elctric car?

Who makes Steve Gutenberg a star?

We do, we do

Who robs gamefish of their site?

Who rigs every Oscar night?

We do, we do!

You own your account rather than a server admin. Your account can't be censored or blocked by a server admin.

Replacing one corporate server admin with a dozen server admins that still have the same control over what you can post isn't freedom.

No. Today, every merchant will know about Bitcoin, even though most still don't accept it. That's significant growth from just a few years ago when most of those same merchants hadn't heard of Bitcoin.

When that single EFTPOS machine they use also accepts lightning payments, merchants will start accepting Bitcoin.

Custodial lightning versus custodial e-cash, there's no real difference. However, it's getting hard to get a custodial lightning wallet that doesn't require kyc. That's the benefit of e-cash. Basically, lightning without kyc.

There is a setup cost with non-custodial lightning. So, for some people, especially first timers, a custodial wallet is at least a start. Something they can use until they can afford to fund their own lightning channels. So, for a non kyc lightning wallet, pretty much e-cash might be the only option for now.

That's a very good question.

The Dan bot pumping out the hello world spam under a new npub each cycle is a good example. It's easy to block because it reuses the same text. What if it used a new npub each time with random text but flooded a hashtag or tagged a person to harass them? That gets tough to block.

Is it possible to flood nostr with bots so as to make it unusable?

Federated servers can block offending accounts, and federated servers can block another server that's not proactively blocking offensive accounts.

But, federated servers can also block or delete any account using their server that's saying things they don't personally like.

Which to me, just replaces one Elon, with a couple of dozen Elon's. Censorship by a committee.

Sooo, how long until we get a bot swarm attack on nostr?

Harassment, is not free speech.

Anyone harassing someone else and calling it free speech, is a coward that's too scared to say the exact same thing to a person's face.

And, they are an ignorant fool, because freedom of speech only applies to what you say about the government without fear of reprisal.

No one has ever had the right to harass another person. There will be consequences if you do.