Imagine... the most wasteful institution in the history of the world is "cracking down on companies that waste people's time and money."

This is one of those I-have-to-laugh-to-avoid-crying sort of moments.

I steal them and post them on Keet 🤣

Jesus Christ dude it’s a podcast episode. There’s no hope for you, good luck.

Do you not understand that what you described has nothing to do with #Bitcoin? You are complaining about fiat, on which I agree.

Is that mayo?

> “Stop copying the business that run on ad revenue.”

I agree, I’m not suggesting that people use the same business model. To the contrary, I was explicitly suggesting that this is the area people need to be thinking about. Right now the old business models remain the only ones invented that have been proven sustainable. This is where we need to big breakthrough and we have the tools we need to experiment.

“Slow TPS”

I suspected as such. You’ve failed to understand the most fundamental of issues. If you actually care to learn and aren’t here just to win social points and beat your chest, here’s a place to start:

https://fountain.fm/episode/cLNMTcWrFO3hlQXk8e1K

PSA 🚨

Without a direct innovation in the monetization structure of #Nostr I think we should expect a highly successful #Nostr to evolve like other protocols before it. I think there are 2 most likely comparisons:

1. #Nostr ends up looking more like email. It is still open and decentralized, but dominated by a small group of companies with enormous insight into everything that is happening and acting as huge semi-centralized custodians of everyone's data and messages.

2. #Nostr ends up looking more like RSS & podcasts. It is open and decentralized, but most users and all serious content creators pay for hosting platforms (relays) that sell it with a bunch of other features, analytics, and secondary services attached to it - or built in advertising and monetization splits.

Understand I'm not predicting that it will go either direction or that only these two options exist. I'm saying that --- without a significant innovation in the monetization method --- it will very likely take one of these two paths. Also understand that neither of these are bad outcomes, per se. Both present a VASTLY better internet sovereignty and user/server power dynamic than the current Web 2, but this is far from realizing #Nostr's true potential.

I only say this to get people thinking about the fact that we still have a very serious problem funding relays at scale, and it hasn't been solved, it's mostly been covered up with some very generous grants and *extremely* generous volunteer developers and relay runners. But it WILL have to be addressed or nostr's success will come hand in hand with some hard truths about how we use it and what we think it is.

It won't be unlike the people who thought all #Bitcoin transactions were going to be free forever, settle instantly, and that the whole world could be sovereign with their own UTXOs. That's simply not how it worked, and we had to have a 4 year, vicious, all out civil war within the community when we were finally forced to come to terms with that reality.

I'm sorry you are likely getting your narrative of #Bitcoin from a whole lot of people who aren't actually anywhere near it. You have completely misunderstood how network technology evolves and have possibly stuck your head in the sand if you think #Bitcoin isn't winning harder than literally anything else right now.

This is for the user to decide. You cannot demand that everyone make the same decision about the trade off of privacy vs self-custody simply because you have a preference. There are very real trade offs with the options you present, the worst thing for UX is to presuppose what trade offs the user wants and centralizing risk into one design for everyone despite the very different needs.

It's about teaching the difference between these risks and letting people choose, not choosing for them, imo.

There is absolutely a point to made about the risk of using a Nostr key for real money, but then when the alternative is to use a custodian, I think the argument is basically moot. It's obviously better to have self-custody of a small amount of funds and an alternative way to communicate and pay each other where you hold your own keys than not, regardless of the trade offs or risk. Everything has risk.

I agree. I'm not saying you would do that. I'm saying you could:

1. Generate an nsec from your bitcoin private keys

2. SEND to any nsec if you wanted to. (the receiver would be highly encouraged to send to a real bitcoin wallet after receiving if someone sent them something)

#2 is basically moot if #Nostr contacts are integrated into wallets, because you can have the clients communicate to get payment details if desired.

I'm not suggesting to advise people to generate a #nostr ID and then use that as their bitcoin wallet keys. I'm just explaining that the standards are exactly the same and the UX could be vastly simpler than we currently have it across the ecosystem by thinking about it this way.

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IMO, the biggest mistake of all #Bitcoin/#Lightning wallet and app developers right now is not integrating the most naive version of a #Nostr based contact list.

Literally we have everything we need to easily select and send bitcoin to people, projects, clients, etc and establish very simple web of trust security. AND to have a #Nostr identity created within a wallet by default for those that don't have one, even in the absence of caring about social posts or notes or whatever.

As I learned very recently, npubs are literally taproot addresses, so legit every bitcoin wallet could generate a nostr ID for those that don't have one and if you punched in your nsec into the app, anyone could receive coins straight to their npub by the app merely auto-removing "npub..." and replacing it with "bc..."

This is SUPER low hanging fruit that completely shifts the user experience of bitcoin and I think extremely few people have realized just how big of an improvement this would be.

My advice: Stop thinking about #Nostr purely as a twitter replacement, think about it as a #Bitcoin account, username, & reputation system, it actually works and scales BETTER for that use than for general purpose social media.

The bigger the #Bitcoin team gets, the harder it is to fight.

The earlier you join the #Bitcoin team, the more you will be rewarded for cooperating instead of fighting.

The game theory is surprisingly simple. Sound money will eat the world, and finally cure the cancer of fiat.

Should’ve bought a modest house with the most subsidized loan imaginable and with as little as possible on the down payment. Then as the price of the house goes up, refinance to pull money out and buy more #Bitcoin.

He’d have the house and pretty much all of his (maybe even more) bitcoin.

This is my favorite thing today 😆

They don’t want to treat mental problems, they want to artificially mask them.

If it gets fixed they lose a customer, if you mask it they will always come back when they run out of the “solution.” nostr:note1lsk3m8h3fqwvfy2cj9jwfyvepy69x6c454ud4zg9vxfgr9ql37fsmtwrfs

No, is imagine the market solution would basically be the same as the old debtors’ prisons. Where the criminal literally owed the victim certain restitution, and the “prison” they worked in basically earns the fee for keeping them imprisoned and earning for the victim or their family.

Could also be interesting in the case of murder and similar crimes, the victim gets to decide what fee they are willing to pay for what conditions the prisoner gets. 🤔

Some ideas to muse on, but we’ve had market based prisons and common law before. There is no shortage of ideas to try and there’s a surprising history of stuff that has worked in the absence of direct political control. Some really interesting systems popped up in the Wild West (book recommendation: The Not so Wild, Wild West). Taxation is essentially both the laziest and most immoral way to sustain anything.

There is almost always a market spread and it’s pretty universal that it won’t line up with spot basically anywhere you buy. But also keep in mind how nominally large a small percentage of the price is now. You mention $256 as the price difference, but that’s only 0.4%.

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This is how Ai defeats us 🤣 nostr:note1djhmwvt98x5haq08kq7jmaygv8jl4wjwugcwdx5vstz0ymfzvshq9q7jyp

Seconded, it’s legit a really fun game. I got the normal and the special edition at the conference. nostr:note1gfdwm8fqlkpw0xygycs07fefzz2wss69se706l79kkv5gs8unrcs3guwn2

This is a really fun way to use it actually. It’s amazing for really complex, composited images.

No clue. Haven’t heard anything about it. Might have been tied to or put aside due to taproot assets. Seems like it’s basically being done, just haven’t heard tether specifically talk about it recently.

Even crazier is that the more complex the society was, the less likely it may be that it survives a catastrophe if it’s big enough.

Think about it, if we are all hyper specialized, and let’s say 20 of us have the knowledge each of 20 parts of building something large and complex (say a power plant). But then 10 of us are killed. Nobody can build a power plant anymore. The skills and knowledge are gone. What the remaining 10 know is useless without the other half.

It truly shifts how the system and society work, which is wild. We become one huge collective organism. And suddenly, because the cells cannot survive on their own, the entire organism and all of the cells can be killed with the loss of just one organ.

This is how I analogies the possibility of an advanced civilization in history being destroyed and society essentially having to “reset.” The scary thing, is that the disaster might not have to be totally in order for it to still do multiples of damage in the fall out. Consider how many critical skills may be lost completely if just 15% of the population are lost in a sudden event. And what if it resulted in losing another 15% as fallout, but that reaches a critical threshold and now we have lost even MORE skills and knowledge, and its spirals out of control to 90% of the population. Where our ability to simply keep our basic needs and critical systems functioning, completely breaks down.

Just wild to consider.

Nope

🤣🤣

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Then they can’t vote if they can’t prove who they are. Thats a perfectly reasonable requirement to participate in an institution that spends $7 trillion a year.

There is literally zero logical reason to not require proof of citizenship/ID unless you are cheating. nostr:note1mxh477rfgjqtr0lsvklmu2vn0x8mgx5252f34h7syrv7c607w6jqt5hw34

It works via the DHT, like BitTorrent. Basically it’s kinda like a broadcast network hunting for the other user.

So let’s say I connect to 8 random peers on my mobile. Then my hosting machine connects to 8 random peers. When we start up an instance we announce to our peers what our keys are and they add it to their DHT (big hash table of peers basically).

Then when I scan the QR of my hosting machine, I ping out to my nearest 8 peers for anyone who has seen the hosting key. If we share no peers in common, then they pass it on to the next set of peers that they are connected to, then through “6 degrees of Kevin Bacon” we eventually cross on a peer that has heard my request, and also heard the hosting machine’s key earlier. (This might realistically only need one or two hops, maybe the DHT of my nearest node already has the update from the host, but not necessary)

Then when I find my host via mobile (this is where I’m less certain about specifics) then both machines do a “hole punching” method where the host and the mobile both try to establish connections from either direction using any available port. Again, a kind of “guess and check” method not so unlike finding a peer with random broadcasting. Then the connection is established, keys exchanged, and viola, P2P direct encrypted connection for whatever you want to do.

There are probably more specifics that I’m missing, but as I understand it, this is the general idea. Hope this helps.

Sucks because Yann is a huge supporter and advocate of open source Ai as the standard, but he might not be around very long if he keeps getting boosted. All serious data suggests the more times you get that shot the higher the chances of some “rare” and sudden death. Literally can’t believe people still blindly believe that insane shit.

There are no bad Sowell quotes.

❤️🫡

🤣🤣🤣

I appreciate that. That’s what I felt I was doing but it’s easy to get lost in external opinions. Granted I didn’t have much attachment or dislike of either going into it.

If you don’t want to know what I think you don’t have to listen. And no I didn’t Trump bash, I just responded to his talk and what he clearly did and did not know. I have no particular dislike of Trump and I have no particular love of RFK. Neither are special, nor does #Bitcoin need them. But judging by their addressing of bitcoiners at the conference, there is a clear and simple difference between them.

If you can’t handle me criticizing Trump for the things he ought to be criticized about, then it’s not for you.

Don’t worry. When I start my onlyfans you can have the first month free 😆

Of course. I certainly wasn’t making any exception for the US, quite the contrary, in speaking as generally as possible about the ideas of those who follow rules from liars, frauds, and murderers.

🤣🤣

https://primal.net/e/note1gj7e5asaznynlutjrsthy95qwf2c2df3n4d9lcd5vuvh0h7zcjcsfdjsj5

https://primal.net/e/note1gj7e5asaznynlutjrsthy95qwf2c2df3n4d9lcd5vuvh0h7zcjcsfdjsj5

Seriously imagine living in today’s world and thinking that being unbannable isn’t worth just a little bit of your time… nostr:note196mcj3h9207u645ad6q75sjmyyxmawmxncs64q5xac6lcv8aapnsndvt6u

HEAT*

Damn autocorrect

True, but I think that’s a different problem, not one that is inherent to belief in mining itself, but in the networking and operation of coordinating miners themselves. In other words, I agree, but it’s a layer above the issue I’m referring to.

I said “enormous stretch” to be polite. It’s frankly absurd, imo.

Yeah it’s an extremely common perspective, though based on false assumptions, imo.

This, 99.9% of the time. nostr:note1v7z3jzmmxh5mqecw6yy7w4a6d5zlps5sc4mga0c4ld6c2ymvqpjsud2hg6