nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx broke the zap counter
I think we usually call supply growth adoption :)
In the short term, it reduces their earnings I guess, since it reduces the amount of transactions (assuming those transactions would be made in the base layer otherwise, which isn’t true in many cases).
In the long run, it raises the economic value of each base layer transaction, which should allow for higher fees.
But in the short run, I believe most gains come from the block reward, not fees (haven’t checked recently though)
I think it de incentivizes all mining equally. It means you’re mining just for the block reward, which is halved every 4 years… so that revenue has to be replaced by fees over time.
The solution is not so much on the mining side, it is on having more usage of Bitcoin P2P - more on chain payments, more lightning channels being opened, etc..
Unfortunately we also have the incentive to hodl and spend fiat instead, so this will probably only really change when there is a significant amount of people with no fiat to spend (I.e living in a bitcoin standard).
Nodes can reject blocks, but if you don’t have miners with an economic incentive to build blocks with all transactions (to earn fees) you don’t have censorship resistance.
Would be a great time for Americans to read Economics in One Lesson (chapter 11 in this edition) https://www.liberalstudies.ca/wp-content/uploads/2014/11/Economics-in-One-Lesson_2.pdf
How nihilistic does someone have to be to put money in “retardio”…
nostr:note1tlyn8sf55mag5fd783unnvg64rksztw50k78q75jcd3curusnn7qmy2dyh
Bitcoiners disagreeing on the strategic reserve is a great sign. Money has to be apolitical, and the divide here is how much you care about the nation state, not bitcoin.
Or the sequel, I don’t remember (it is better)
Fun throwback: the way I found and fell down the Austrian economics rabbit hole, which would lead me to read about (classical) liberalism, and later about bitcoin, was stumbling upon this video on YouTube 😅
Remember reading the white paper for Simplicity in 2020 and hearing about coq (a formal proof language) for the first time.
Spent some time learning it a bit, and even more time making jokes about the name 😅
Maybe time for a re-read: https://blockstream.com/simplicity.pdf
nostr:note1tsavf3wnqujnamj7wacct0gjv5vltwe0k74f64k5zg9r6pjs20fqhhzan0
You can also follow the author, nostr:npub16dhgpql60vmd4mnydjut87vla23a38j689jssaqlqqlzrtqtd0kqex0nkq!
Welcome!
nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u made a great podcast episode about homeschooling recently, maybe you’d find it interesting 🙂
Ah, that’s easier, you can do that by building a nostr client. You can learn from this one that is similar to what you’re describing: https://github.com/shopstr-eng/shopstr
Should have been sleeping for hours now, but got caught in all these intro posts. I fear for nostr:npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424's health the next days 😅
GN!
There are some bitcoin job boards like this one: https://bitcoinjobs.com/
And maybe keep an eye on this program for 2026: https://learning.chaincode.com/#BOSS
If you’re just getting started, take a look here: https://developer.bitcoin.org/
There’s only one reason to use it and my employer wouldn’t like it
Algorithms are very minimal in most nostr apps, so in most cases searching for an hashtag will give you every post with that hashtag
A zap is like a tip, a small amount of bitcoin that you can send or receive for content that you/someone found particularly valuable