GM #Nostr ☀️☕️💜🐝

I'm recovering from strep throat. I didn't go to the doctor until after 5 days of severe sore throat because sore throats have always gone away pretty quickly so I expected this to go away, not turn into a throat-blocking hell-cough-inducing nightmare upon waking. Now I'm on both amoxicillin and steroids. And I just want to say that while I've been sleeping a lot more than usual, when I was awake I was working on nostr. This is just the only place to be.

안보임 ㅠㅠ

True but I think more capital flow into the system has its pros too. I wouldn't buy BTC IOUs but IOUs can drive the price up through mass adoption. It's kinda like a double-edged sword.

Tofu ain't bad. Quite accepting of other flavors.

Between ETFs and dollars(shitcoin) "backed" by Bitcoin, there will be many more things pretending to be Bitcoin, or some form of exposure to it in the coming months and years.

Don't choose pretend Bitcoin.

Run a node. Verify that code.

Self custody your satoshis in cold storage.

Bitcoin doesn't need to pretend it is somehow a dollar.

Tofu.

아 진짜 미쳐버릴것 같네요 요즘.

어디 하소연 할데도 없고, 왜 저에게만 높은 잣대를 들이댈까요 모두. 나도 힘든데 왜 저마다 자기 힘든걸 강조하고 나는 하나도 안힘든 사람처럼 대하는지 모르겄습니다. 정말 잘해주고 최선을 다하면 돌아오는건 [호구잡힘]이네요.

유일한 대나무숲이 여기뿐이라 노이즈 만들어서 죄송해요.. 🥲

Good morning

#nostr market place inside the clients would be a big deal

영어공부 대신 노스터에서 키배뜨는게 영어 실력에 더 도움되는 듯

nsec 관리에 주의하세요. 만약 유출된다면 DM을 포함한 모든 활동이 노출될 수 있습니다.

다시 말해, 정부는 #nostr 외부에서 일어나는 당신의 모든 활동을 모니터링하고 있습니다.

PoS is inherently flawed because a 51% attacker cannot be overthrown, it has control over the validation and can keep it indefinitely, which is never true for PoW. If you look closer at slashing, which I assume you consider the countermeasure against the above, you should look closer a fundamental aspect: how is the slashing action decided? If it's reached by consensus then you again have the problem of how to reach consensus and you're back to square 1, if it's decided "algorithmically" then you surely have a centralised (or centralized-ish) authority that can decide what this algorithm is and how/when it can change. Simply look at the slashing for downtime: who decides what is percentage of downtime acceptable? Who decides is this threshold can be modified? PoS tries to "fix" the quintessential solution to the decentralization problem (the byzantine generals problem) hence putting itself in the impossible position of trying to solve a myriad of side problems in creative and over-complicated ways, trying to sweep the centralization under the rug hoping nobody will notice it. It's like the perpetual motion problem: (crazy) people continue coming up with ingenious new ways of building a working example, but you already know they are doomed to fail without even looking into the details of their inventions simply because you know that there are fundamental principles that cannot be violated, accidentally related to energy and entropy like in the case of PoW.

In the short and medium term probably nobody would notice much. But in the long run, cracks will start to form. Generational wealth will be passed down and you get spoiled kids who want to take short cuts.

Thats my theory at least.

- Since POS compliles a majority rule, it is inevitably centralized. The lareger becomes the larger.

- Failed to solve the Byzantine General problem (long range attacks)

PoW means even the biggest miners still have to put in huge amounts of work to acquire the bitcoin fairly with the addition there is free market competition for the next block reward against other miners.

Yes, barrier of entry to be a huge commercial bitcoin miner gets harder and harder for everyday plebs but thats where the “you get the bitcoin at the price you deserve” meme comes in.

Inequality is inherit in every system but proof of work rewards those who work and our the most efficient. PoW systems creates a system of meritocracy where people have status and wealth based on the value they provide to the economy.

Proof of Stake on the other hand rewards those individuals who provide zero value to the economy. There are a lot of hard working Proof of Stakers dont get me wrong, but the incentive structure means many will be rewarded for simply just being early without having to work for it. Now does that seem fair?

PoS incentives and encourages the Cantillion Effect a.k.a. elitism.