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

How you enjoying Damus?

Google search is really just a ranked sorting of mass data into related data, returning a pointer to the raw data.

ChatGPT is a more advanced way to compress related data into ML models, where context is largely conserved, while losing raw data.

It’s at least a couple orders of magnitude better in terms of efficiency (likely 1000x+) - yet does come with some trade-offs. Instead of access to highest ranked raw references, you now get access to an interpreted derivative (model) - which is a lossy abstraction that’s dependant on the ML models efficiency in that context.

In it’s simplistic form, it’s actually just a new efficiency in data compression, and retrieval.

Shrinkflation is also an environmental issue, creating more packaging by volume/weight. The packaging vs primary product ratio increases - meaning less efficient packaging, and creating more waste and energy spent on package.

It largely impacts sensitive price point products, which are typically cheaper, and sold at higher volume/scale, again compounding the extra waste issue.

If I have to buy 3x 330ml bottles, instead of 1x 1L bottle… for the same primary product.. not good.

#Inflation is helping kill the environment faster. Environmental funds and initiatives are being diluted, and have compounding less impact - without increasing post-flation funding.

There is a simple public birthday announcement test.

When politicians are happy to publicly announce their children’s yearly birthday party’s with location, date, and time in advanced, until their children are adults - the need for privacy exists. If they refuse, privacy protections must be upheld and available to all.

A new Nostr sheriff is in town nostr:note1xp7ueq09309p3qgeaf0tah0h33d5wessq4qmrkzx4gc4pz7gwg3q58v699

Yep. It should result in a single UTXO output.

You may not even have a real need to consolidate to begin with. You should review your current UTXOs and their value. Fees are also fairly high atm - but always depends on your needs.

Another reason to consolidate is long term storage, if you expect fees to increase significantly in 5-10 years, so that again, you pay less in future fees.

Help me simplify it 🙂

So far I have:

* endpoint

* auth methods accepted

* input transform/options

* possible input validation

* output success/error check

* output value transform/mapping

* optional payment offers or info

I think many services can be defined with those basics. Maybe openapi or some common validation library for forms can have parts stolen.

If you only want to consolidate cheaply, await a low mempool fee rate, and send all your Bitcoin to yourself in a single transaction.

Or the more complex way, you can use ‘coin control/UTXO selection’ to pick which ones to consolidate - e.g. all less than 0.0001B. Basically any that are smaller than the smallest transaction size you perform - aiming to only require a single UTXO as a transaction input instead of multiple.

I can’t speak to the service itself, but stumbled upon Nostr Relay as a Service. weirdly the price period isn’t listed.

Member focused/private relays are likely to become more like mastodon instances. Which may sound problematic, but your data is still yours, and your identity is not locked in. People who want a moderated experience will have relay tools to assist.

https://bitcoinnews.com/relay-farm/

Basically, Bitcoin creates custom notes per transaction and doesn’t use common or fixed size notes. Instead of $5, $10, $20, $50, etc, you actually hold 0.38B, 5.74B, 9.67B, 21.27B.

When you try and pay a 28.00B, you need to use two UTXO minimum (in this example) - 21.27 + 9.67 = 30.94B - 28.00B, which means 2.94B change (ignoring a mining fee).

That’s pretty typical, but pretend you only have 30 UTXOs less than 1.00B. To make the 28.00B, you. Now need 29+ UTXO inputs, which each cost extra blockchain fees (as each adds more data). Instead of 2 UTXO, you need 29+ UTXO.

If you use low mining fee times to consolidate UTXOs, the cost per UTXO can be 20-50 times less. Instead of 100 sats/vB, it can be 5-10, or less.