Avatar
21seasons
ba40a9197ddc4cf2e900beb4ec625093033d78a5d8b40f9e4d0756f4d1ca8326
Writing notes and comments about #Bitcoin, #Nostr, #Freedom and software development

2014 found #Bitcoin

2016 was sure that everything can and should be embedded on the blockchain

2017 understood the limitations of the block space, started shitcoining, was sure that Nano or KMD is the future

2018 lost almost everything

2019 -> Bitcoin only

I've independently though about this and I'm thinking aboout joining this #Bitcoin herd and also to the #Nostr herd.

A copper plug through the sole connects your body with Earth's natural charge.

Mastering Bitcoin. If you want even more deep knowledge then Programming Bitcoin

There are three classes of people:

Those who see.

Those who see when they're shown.

Those who do not see.

- Leonardo Da Vinci

Many are still hoping for the miracle of a majority's agreeing on a particular plan for the organization of the whole of society. Others had already learned the lesson that in a planned society the question can no longer be on what do a majority of the people agree but what the largest single group is whose members agree suficiently to make unified direction of affairs possible, or, if no such group large enough to enforce its views exists, how it can be created and who will succeed in creating it.

There are multiple reasons why such a numerous and strong group with fairly homogeneous views is not likely to be formed by the best but rather by the worst elements of any society. By our standards the principles on which such a group would be selected will be almost entirely negative.

In the first instance, it is probably true that, in general, the higher the education and intelligence of individuals become, the more their views and tastes are differentiated and the less likely they are to agree on a particular hierarchy of values. It is a corollary of this that if we wish to find a high degree of uniformity and similarity of outlook, we have to descend to the regions of lower moral and intellectual standards where the more primitive and "common" instincts and tastes prevail.

This does not mean that the majority of people have low moral standards, it merely means that the largest group of people whose values are very similar are the people with low standards. It is, as it were, the lowest common denominator which unites the largest number of people. If a numerous group is needed, strong enough to impose their views on the values of life on all the rest, it will never be those with highly differentiated and developed tastes. It will be those who form the "mass" in the derogatory sense of the term, the least original and independent, who will be able to put the weight of their numbers behind their particular ideals.

What do you all think about my new cap?

Replying to Avatar dave

Sure, I'd be happy to explain Nostr DVMs in a simplified manner!

**ELI5 (Explain Like I'm 5): Nostr DVMs**

1. **Nostr**: Nostr stands for "Notes and Other Stuff Transmitted by Relays." It's a decentralized protocol for creating social networks and other applications without relying on a central server.

2. **DVM (Decentralized Virtual Machine)**: Think of a virtual machine as a computer that runs inside another computer. A decentralized virtual machine is one that operates across many different computers, rather than being confined to a single machine or server.

3. **Nostr DVMs**: These are virtual machines that run on the Nostr network. They allow for the execution of code in a decentralized manner, meaning the code runs across many different computers that are part of the Nostr network.

**Why is this important?**

- **Decentralization**: No single point of failure. If one computer goes down, the network keeps running.

- **Censorship Resistance**: Harder for any single entity to control or censor the content or applications running on the network.

- **Trustless Environment**: Users don't have to trust a central authority; they can rely on the network's consensus.

**Analogy**: Imagine you have a game that you want to play with friends, but instead of everyone needing to be in the same room or using the same game console, each of you can use your own device, and the game still works perfectly because it's running on all your devices simultaneously. That's similar to how Nostr DVMs work, but instead of a game, it could be any application or service.

I hope this helps! If you have more specific questions or need further details, feel free to ask.

DVM = Data Vending Machine

If we start with 50 BTC block reward and cut it half in every 4 years with 10min block time, then we end up with ~21m coins.