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Blake
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#Bitcoin #Nostr #Freedom wss://relay.nostrgraph.net

I see it similarly.

At the end, the poster can decide to use an address that creates zap notes, or not. But if you don't show your zaps, you might cut off further reach based on high zap count.

Also would be interesting to only show average zap count. Which does not leak how many zaps happened, only the size of the average.

Although I think for Value4Value economy, we have to do a mind shift, which is hard.

When we zap a note, we shall not consider the overall value of the note, because then we shall zap that whole amount. (This does not even come to our mind in Fiat Land. We want everything for free, regardless how much it worth.)

We shall zap based on the value we got. This is unrelated from the fact how many people zapped, and how much sats are already collected. If a note gives you value, zap the amount you feel right.

Also an interesting topic on this regard is the equilibrium of supply and demand. Usually on a market, you get a good, if you pay. This means, you have to decide if it worth that much for you or not.

Usually we buy something when we can't get it otherwise and we value it more, than it costs. If something is cheap, people want more of it, but merchants want to sell less of it. The different sides want to optimize for different things.

So it could be hard to translate this behavior into open-sourceness/consume first - pay later.

Also investigating the above statements, one could expect, that we will zap less to something than we would willing to pay if it was a paid product.

Some great ideas and thoughts 🙂

I liked the average zap idea as a concept - it helps set a kind of market price people can compare or evaluate against their own perception.

I think project based funding with rewards is a different scenario than I was focused on. I don’t see it as value for value.. more support this cause or fundraiser.

I’m more looking at ZAPed Nostr posts, blog posts, etc. More reaction and higher volume (usually smaller amounts), than the explicit ‘Fund this project target’ style.

It’s tough. It’s a transitional period where alternatives are often not available or not as usable.

Effectively yes. Investing in themselves as opposed to other opportunities.

It’s often a market buy signal, however the market prices it in pretty quickly. It also means less shares for sale short term, and can drive prices up - however often the shares they buy back are not via public exchanges and instead private off-market deals.

Is there any good comparison between the two? I likes both, but haven’t compared recently.

Yep. They are effectively backing themselves for growth better than the market price forecast or other investments.

Zap amounts can be fake too. It’s an unwarranted and trusting model that it is deceiving. Zaps cannot be trusted.

Googles new secret sharing scheme. It’s called plain text. Highly innovative and approved by Five Eyes.

We need to get off this trash so badly..

nostr:note1pqd4r7vtxddy2rf8yvztrmwla6eu3sjpcwtddgd7qd465mdgumlqzflh9l

I hadn’t checked. You’re right. It’s literally down to around 1,000 events an hour for me.

Maybe due to china firewall blocking, as a significant amount was Chinese language focused - and it’s all but disappeared.

Most of the spam was from a few set of actors. It’s scary how few people can create so much noise. We still need to be prepared for larger attacks going forward.

One risk with value for value public payment models is that people may see N amount of zapped sats, and think, “that’s received enough compensation”. Their internal model of what something is/was worth is in equilibrium - yet the global utility/value is still higher.

It may translate into a deferred or more balanced zapping across content - however it’s likely to be a friction point too - where people internally question the above before contributing, and either zap other things or fewer things.

That’s how discord and telegram bots do it today. Autocomplete is hard because mobiles don’t have a tab button on the keyboard.

I have a few bots and they fallback to a cli like help text for unsupported commands or input errors.

I don’t know if a special command selection UI could work (adoption would be hard), however if you brought a way to dynamically generate forms that can be supported it may be cool.

Examples

CommandA - which can have an autocomplete pop up searching their name. Maybe even support adding multiple pubkeys via auto-select like the tag input fields.

Or

CommandB - which can show a new metric pad.

Replying to Avatar nym

Cool to see the defects.

Zap validation is also expensive (network requests and computation) and multi-step and also stateful.

If I change my lud, all previous ZAPs now technically should fail validation, unless you change it back. You either need a profile/lud snapshot at the zap time, or to validate zaps instantly (read: race condition and impossible in a decentralised network) and record that outside of Nostr, to the query later.

Zaps are awesome. But they aren’t trustworthy or polished in many ways. Hopefully we can iterate.

#3 can be reworded to ‘focus on fewer nips, seeking better outcomes, with greater collaboration’.

Often NIPs are read or worked on by five or so people, yet impact dozens of devs. Very commonly they don’t extract out the general use case, but target a single dev’s target problem today.

A good example is the server AUTH spec. It was never intended for general webapp or api login. Targeted websocket messages by adding a new command (Nostr literally only has four.. so adding a fifth is significant).

That NIP was so focused on a way for DMs to only be queryable by sender/receiver + pubkeys, that it excludes web app login, API auth, and all use cases where you may want or need to prove you hold the private key - like subscriptions or private relays.

If more a collaborative process was happening, it could have been generalised, people have realised websockets use HTTP to connect and supports headers, and we can create a common event kind that works for many use case, and apps can implement once and one NIP.

Devs get very excitable and tinker (including me). That’s important and valuable.. but we need some layer of collaboration on top of that.

“Esteemed ladies and gentlemen, now is the time to take our assigned seats. It’s not the time to pack bags or search for a better seat. This is a fully booked flight.” 🤣