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David King
b708f7392f588406212c3882e7b3bc0d9b08d62f95fa170d099127ece2770e5e
nostr/bitcoin student/storyteller

i can send you a lightning payment even without an invoice, but i wanted to make sure you got a chance to try out invoices since they’re really cool

i got on Zion this morning to setup my DID

is there any community which is primarily about discussing Zion and DIDs?

i’m hosting #[0] tomorrow to learn all about operating relays (and particularly about paid relays!).

what should i ask him? what do you want to know?

i agree those seem like good approaches.

tho not mutually exclusive with sats approaches? can use with free relays still

Bounties are a great tool. They’re particularly appropriate for situations like nostr which are primarily new web/mobile client interfaces to open datastores on the internet. Tons of innovation can be unlocked with appropriate bounties to instigate open source software projects that can provide a net-good for humanity, but end up corrupted in various ways when they’re owned by a centralized party.

Venture capital is a different tool than bounties. It’s useful when you need to marshall a lot of resources (both financial and human) to accomplish something really big in a very short amount of time. For extreme examples think about launching rockets and telecom equipment or designing new pharmacological theraputics. I hope some day we can do this fully open source and with a bounties-like approach, but I don’t want to slow down progress just to wait for that day.

It’s not always clear which of these tools or others should be used at any given time. But if something can be accomplished with a bounty it probably should be, but I don’t believe everything needed to be built can be accomplished with bounties so it’s good to explore other funding/risk-capital sources or even to design new models for financing this risk.

Needing sats to use nostr may hinder growth relative to not needing sats, but it also lets us explore a very different design space. What if we coupled digital scarcity with information/communication? Could we explore new frontiers in information quality?

Plenty of reasons to be pessimistic and plenty of reasons to be optimistic… just like with all new technologies.

A zap is a payment on a nostr note. If you’re using Snort.social or Damus’s TestFlight app you might see a little lightning icon next to each note. ⚡️

That let’s you add a tip or payment on your endorsement/enthusiasm while reacting to a note.

Hmmm... sorry about that. I’m using Damus and it links to the Max I intended to reference: (#[3])

I originally selected him from the Damus person selector, but this time I copy/pasted his npub just to be sure.

Each has a purpose, but they’re very different

Bitcoin bounties work well, but they place the risk on the builders

Fiat venture capital takes on substantial risk with the hope of outsized returns but pools the risk among builders and financial partners

I would guess bitcoin bounties will on average attract lower risk projects

They will each move the world forward in their own ways

No Nostr News today since #[0] is traveling. Should be back to regular schedule Wednesday of next week! 🤙💜

Recording a bunch of other Nostr videos/discussions this week to publish soon, too.

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