What's Ocean mining and whats with the excitement? Explain it to me like I'm a 5 year old.

#asknostr

The personality profile of academics includes risk aversion. This is why they settle into a giant institution that will guarantee their livelihood until they die. They are also most prone to avoiding criticism, most of their career and social environment is rewarded for their compliance and agreeableness. This is undoubtedly the person who has no motivation for a financial revolution, and they have no desire to kill off the global cancer that fills their through. If not for bank loans and government grants, they would need to do actual work rather than simply submit a dozen letters with some scientific embellishment; then wait for one to come back that justifies their existence for the next year. This is the parasite Eisenhower warned us of, but we are told it's only about the tagline about the military. Government funded scientific research is indeed the greater threat.

What would it look like, if an emergent money was being monetized?

Often when I talk with academics or other high-IQ critics of bitcoin, it’s the volatility and seemingly speculative aspect of it that turns them off. It’s almost distasteful to them. They can get behind the idea of global open-source payments and so forth, “but that’s not why people buy it” they’ll say. “They buy it because they’re speculating. It’s too volatile for its own good.” Some aspect of them dislikes it in principle, almost *because* one can make money from it.

But a new decentralized money, including its own unit of account and liquidity, doesn’t just emerge as a multi-trillion dollar-equivalent network out of the box. In order to go from zero to trillions in market capitalization and liquidity, it needs upside volatility. And with upside volatility comes speculation, leverage, and downside volatility. Cycle after cycle, it’s priced like an option. At first it’s like a 0.1% chance that it succeeds in the long run. And then in the next cycle it’s like 1%. And then in the next cycle it’s like 5%, and so forth. So, early capital allocators that have seen a thing or two and know the high failure rate of new ideas will say, “This’ll probably fail, but if it doesn’t, both the investment gains and the macro implications will be enormous.” And then 15 years into it with a few more cycles under its belt, the probability of success looks less like a distant moonshot and more like a real possibility, and then eventually starts to look like the base case. In the beginning the question is, “how will this succeed?” and at later stages the question becomes, “what risks could prevent this from continuing to succeed?”

The process of buying bitcoin is often a speculative process at first, but then as people learn more, they often view it differently. Those that really want speculation will then continue down the pipeline of altcoins- there’s always some shiny new object to try to speculate on. On the other hand, those who begin viewing bitcoin as money, start to view it as a defensive or risk-off act to hold a piece of this liquid and globally decentralized network of value. One would feel too financially exposed not to.

10 fingers

10 toes

we had terrible onboarding. so bad that we created a manual "suggested users" list, which was effectively king-making. the verified badge followed. all centralized, manual, inherently biased decisions.

search is the only thing that really scaled, and really mattered. more investment in that would have dramatically changed things for the better at Twitter. this is still the case.

the only thing the centralized internet (google, reddit, Facebook, twitter) solved was the discovery problem. solving that for decentralized protocols is a massive win for the free internet.

nostr:note10n24cghex503ppu78ug69sheyzvtvppeggmpulteksaw7cze8uhs7rcx33

Are you a revolver or pistol person? Or both/either?

#alwayscarryaknife #SparksSharps #rule9 #alwayscarryagun #edc

while I agree it would be good to have more content to explain nostr, it won't really matter given the current onboarding and product experience. it's way too confusing for folks, and generally not satisfying instantly. people will and do churn out.

if there's one thing to focus on (for the social media use case) it's search. both for people, but more importantly, topics. Twitter won because of search. it wasn't a social network. it was an information network, and it excelled at real-time because of real-time search. that's a base requirement now.

what nostr adds, and what will make it sticky, is the multi-app/use-case ecosystem. but each use case is going to have different needs for attracting people to it. search is table stakes for the social media one. it won't matter how good the tutorial content is until this is done right.

nostr has the benefit right now of having a completely open and wild API. that matters as every other service is closing down. it's perfectly OK that we mostly have devs and bitcoin-obsessives at the moment. we have time to get all the kinks out and make something that's truly hard to replicate. where the only way to compete will be to join.

nostr:note152dryp2q2m058t7wn7ymev9suladah30qezpq00jt03s622uyw6qu4g79w

Um... Why the hell am I getting random users sending me invoices for thousands of SATs and trying to get me to agree to some licensing agreement?

Seems like scam and spam to me

#plebstr #scams #grownostr

God the government is literally the antithesis of society. nostr:note1lt46dquayp9essul4camqsaw95a0yxgqz00wqk9f4ukghp5felmq5q5alu

God the government is literally the antithesis of society. nostr:note1lt46dquayp9essul4camqsaw95a0yxgqz00wqk9f4ukghp5felmq5q5alu

failed to secure grant funding for a big part of damus android. Is vc inevitable? 😔 will keep trying elsewhere.