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Bogdan Zurac
b53b526889e8f070e94603f9dc9e498f7aaa6f74c857853c902242ff6b440ee5
šŸ‡ŖšŸ‡ŗ #bitcoin āš”ļø

Why is the new protocol garbage?

What if relays add support for ads only for the users that are not paying? It can also be incorporated at a protocol level, so that clients are also aware of each relay's ads (for better feed ordering) and maybe also report back to the relay impressions and clicks per each ad.

That way, relays could monetize ads from publishers only for people that are not subscribing. And the ads won't be targeted as they currently are on social media these days, because the relay doesn't know anything about each user's identity.

nostr:npub12262qa4uhw7u8gdwlgmntqtv7aye8vdcmvszkqwgs0zchel6mz7s6cgrkj is now trying a subscription model for Eden and atlas relays. I think this is the correct and sustainable way going forward.

However, I think we need a better UX for this. Probably each client having its own relay and asking for a subscription in order to sustain itself. If the user decides not to pay, then he can still use the client, but won't have access to it's associated relay.

Not sure how Primal is doing it though. nostr:npub16c0nh3dnadzqpm76uctf5hqhe2lny344zsmpm6feee9p5rdxaa9q586nvr, do you plan on implementing such a system?

This will be fixed when 1) people get more acquainted with lightning in general and 2) Bolt-12 gets fully released to be used by self-custodial wallets instead of LNURL.

That's probably because clients such as Damus don't check for trailing slashes on URLs. So if you're not paying attention, you end up adding the same URL twice. Once with trailing slash, another time without.

Another example of the need for better onboarding and UX in the Nostr space.

A contract requires a valid signature in order to be legal. That signature can either be hand written or electronic (using software specifically recognised and vetted as a trust service provider by the government), depending on the government rules. In some countries, a notary is also required, but let’s leave that out of the conversation, since it doesn’t affect the topic.

Good luck getting a decentralised network accepted as a trust service provider if it’s not even fully embraced as a social network… Who’s going to promote it as a TSP to governments? Who’s going to use it apart from the 3 guys that wrote the NIP?

And that brings us to the other aspect of it. How do you expect that to work, if Nostr fails as a social network and most of the relays die with it? Who’s gonna sign your legal documents then?

Again… fantasies…

Now don’t get me wrong, creativity is always awesome and we shouldn’t let it die away. It’s also very fun and exciting to have at it with ideas such as this one. But that’s the thing. They’ll end up being just that. Ideas.

Perfect example. You do realise that nobody will use Nostr for legal contracts (as if in its current form, a Nostr note can be recognised by a government entity as being legal, which is absurd) if Nostr fails as a social network first, right? This is what I’m talking about… Focusing on extravagant ideas that might never materialise.

The main use case is social. It always was, always will be. The ā€œotherā€ part of it is a side use case.

You can do whatever you want in your own time, totally agreed. I’m just trying to emphasise the need for getting the basic stuff right first, then worrying about wild ideas that probably nobody will ever use. Staying focused is always hard.

Nostr DMs can also be private. It’s just not merged in yet: https://github.com/nostr-protocol/nips/pull/686

That’s why I’m saying that in the long run, Nostr is the better choice for messaging compared to SimpleX, where if you need to switch devices on the go, you lose all your messages.

I can't stress this enough...

If people don't start focusing on the primary objective and reason for Nostr, it won't even matter what you think Nostr is good for, because nobody will use it.

Build the main use case *right*, then they will come. Only after that you can worry about the rest of the usages...

There's a reason why we do MVPs in business.

You should devote your effort in supporting Nostr as the communication protocol going forward, as it supports multiple devices compared to SimpleX.

Replying to Avatar Dylan LeClair

Pump the token you printed from thin air with only a billion of derivative open interest; create tens of billions of value.

It's relatively easy too, you have proprietary info on the only liquid spot and derivatives market it trades on at the time. Futures collateralized with stablecoins and the token itself, pump it.

+4,000% in one year. $100+ billion in market cap. Your share, a mirage worth nearly $50b, materializes a mere four years after the ICO. A treasure and a trap, you enable your users to collateralize against it. Encourage this, and of course encourage them to also keep buying, this thing won't simply just support itself.

How do you capitalize? Well, first off, do NOT sell anything, that'd be too risky, as there are no natural buyers in size, you are the market. Instead, think of other ways to leverage your near immortal levels of newfound wealth, where you won't damage the exchange rate. Your own platform enables this, of course.

Access to billions of dollars of fiat flows, an international banking network, and a stablecoin issued in your name—which you even manage to rehypothecate by the billion—gives you plenty of tools at your disposal.

Your biggest competitor, who attempted to mirror your model, goes down in flames, their bluff called, with the world watching. A win at first, you shortly realize the move backfires. Regulators start circling, a precedent has been set.

Fiat rails and banking relationships get cut. Your stablecoin is ordered to wind down, and jurisdiction by jurisdiction your platform is ordered to cease. Volatility and volumes dwindle, further thinning the air.

Depleted of fiat, with most of your wealth tied to a 'Hotel California' asset that you can never sell hanging above multi-year support, you do and say anything to keep the confidence game alive.

How the fuck is this not dead yet...?

I think this is getting a bit overboard... Let's focus on getting the core functionality working nicely and easily understandable for all end users, then worry about scenarios that are outside the scope of social networking/communication. For example, maybe focusing on an edit functionality by the note creator first, then worry about editing by others.

This is extremely well put. nostr:note1wdyajan9c9d72wanqe2l34lxgdu3q5esglhquusfkg34fqq6462qh4cjd5

Fair, but I was mainly asking how would you solve the issue with actual spammers, not your particular case with trending.

How would you solve spamming then?

Replying to Avatar preston

We need to make #nostr more user friendly even faster than before at this rate of X's downfall...