Is this thing on? 🎤
As always, it's great hanging out with high signal bitcoiners.
As we all know the most signal and best moments existed outside of the main stage at the conference.
Between the Open Source Stage or just hanging out around PubKey in the expo hall, and especially the various side events... That's where the magic is.
The conference is just a motivating factor to get us all in a common place.
Has been a great time having it in my own back yard the past few years.... But also excited to see what it'll be like in Nashville... Although I gotta admit it won't be the same without a beach party.
Love all of you weirdos!
Twitter is really trash these days.... I'm missing notifications to threads. Even from people who paid for the check.
NOSTR ain't perfect but at least the shortcomings aren't maliciously trying to control the conversation.
This does make me wonder if cashflow positive companies will choose to store a portion excess capital in Bitcoin.
I assume the smart ones will... It's a lot harder when you're a startup and every dollar is earmarked... the volatility could kill you before your business even has a chance.
But for cashflow positive companies, this is a different story.
Anyone taking on SVB's assets are more interested in their customer base and the services they can offer the successful batch of startups.
So whatever customer acquisition usually cost, plus some.
Going to be interesting to see how this plays out as a whole though with the continued rate hikes... this isn't the end of the story, and that's the real issue.
Sup?
But they did nothing wrong... they just deposited money in a bank account.
Risk management at SVB and some of these other banks obviously made big mistakes, they shouldn't be compensated, or helped.
But the companies banking there shouldn't learn any "lesson"
If you got 10m in funding for your start up would you go look for 20 banks and balance those accounts so you stay under 250k in each?
Likely not... but you probably wouldn't stick it in a single bank either.
Just saying, easy to point fingers, but the real stories are a bit different.
I want to see more details about it, but I don't think this is a bailout like we've seen in the past.
They're not bailing out the business per-se... but will be interesting to see what the terms are.
The bank holds a bunch of bonds, and if you hold those to maturity you get all of the capital back... you're just missing out on the additional 2-3% APR since rates are steadily climbing. But you're not losing on principal.
I agree that it's dumb to have a single account, especially when you're a startup w/ no cashflow to tap into.
But, at the same time no business at scale, and especially start ups getting lump sums of investment capital are spreading it in 250k chunks.
I'd say having 3 different banks that serve different markets is the smartest bet.
I don't blame the companies though... They're just startups that got 5m in funding and need a place to park it and distribute payroll.
As much as we all know the banking system is flawed, and Bitcoin was definitely created to help address all sorts of counterparty risk... We shouldn't dance on the graves of companies that did nothing wrong.
Will be interesting to see how this all plays out and the effects in confidence it has over the next months.
TFW you take a sip of coffee right as something gets caught in your throat and you spit it all over your monitor and desk.
GM!
The only "downside" with clustering is that any methods that operate on multiple keys MUST be on the same cluster node.
This is where you take advantage of the key-hashing. So if you know you're setting a bunch of data for a single user at a time, you can make sure the keys for that user's data are hashed to the same slot.
Redis Clustering is also incredible at scaling.
They allow you to take advantage of the key-hashing in order to force records into the same "slot".
That way as the system scales, you can make sure data that's often requested together lives in the same cluster node.
Really makes a world of a difference when you're talking about large scale and necessary fast response.
PHP has been around forever... no shame in the game.
As long as you're productive and hopefully have learned to use the newer features and moved to typed PHP.
A couple of years ago I worked on a MASSIVE project which will remain nameless, backend is a highly scaleable microservices system entirely built in PHP w/ a CQRS pattern.
Scales beautifully... I'm sure could be more efficient in some other language in some places, but worth the effort? likely not.
https://boltz.exchange/ was pretty good for me in the past... But these days I usually let Phoenix Wallet do the swap for me.
No need to apologize, just wanted to make sure you were aware.
Keep up the good work.
Are all NOSTR clients very data intensive?
Iris currently has 12GB of storsge, and chewed through my mobile data in under a week of being active on it.
Anyone else experience this?
cc #[0]
That or have a grace period where if it's off it's still accepted.
Could do a DH negotiation and derivation for forward secrecy.
I know #[4] was thinking about doing something like rhis dor DMs
Not sure where it comes in handy for relays but the ideas are endless.
Yeah that's why we don recommend hot wallets for any real funds.
Also those wallets are usually really well vetted... We're still in the wild west here... There was a XSS vuln recently that extracted a bunch of priv keys from web clients.
Yeah but here we are doing things we would never recommend for bitcoin keys.
Ie. private key stored on a device and copied over from app to app or device to device.
Chances of leaking a private key is very high.