Copyright Thoughts : If a zap is an event, and you "repurpose" other people's work as yours, you'll have issues. Because DMCA in effect is unenforceable on Nostr, so YOU become the legal target.
Watching Lyn Aldren say that people won't spend their BTC.
Then mentions Nostr and paying a buck for a relay.
Mentioned as if her audience know how Nostr works...
Money is mainly psychology. It starts with DEBT, debt predates money by millenia.
Money itself is whatever is to hand that meets required criteria of portability, acceptability, predictable scarcity.
BTC was interesting but only met the last criteria. The first was fucked by transaction costs. If you can't give someone 1c, it's not money.
LN solved that, and UI improving UX is going towards driving the final aspect - acceptibility.
The nice side effect is that if LN succeeds, us early holders (and we are way early. It's 1910 in auto industry years), get to see BTC growth as it is in effect backed by confidence in LN and acceptance as an asset class. And asset classes can be sticky on transaction costs and speed, those those BTC problems, not so much problems.
Unpopular Opinion : BTC/LN are useful money. Which is nice. But I have a life :-)
No. But my interest in BTC is partly theory - why I tried to run a node in 2013, but my Internet was too slow to sync, and partly practical, which is why I went long last October.
Nine years, I just kept an eye on. BTC wasn't money as soon as it become clear that it was slow and expensive, and if it wasn't money, it was a speculative asset class that could easily go to zero, because maths is interesting, but it's not enough.
LN was possibly money. Would there be an adoption curve? Yes. Mainly outside the US. And that is why I went long.
But do I plan to spend a lot of time watching BTC specific stuff? No. I'm not a dev.
First Nostr video seen in the wild (well out of the people I follow loosely on YouTube).
Warning, his style is , well, not low key :-)
You can't. The smarts are things that the coders need to do.
For now, join your country relays for speed, and a selection around the world for reach
I don't think it's a Relay issue. It's a Client one. Relays give Clients what they ask for. Nothing more, nothing less.
Clients are in control of when and how they contact relays. They can, for example, in theory, grow to know which people's posts are likely to be on local Relays, and get them from there, so that when they contact relays further away, they can say "posts by X, but NOT THESE ones, as we have them already".
Reckon this article will poop a few people's parties.
https://bitcoinmagazine.com/culture/bitcoin-reaches-mass-adoption-in-60-years
Fails to understand human behavior.
Things bumble along at low level and then either break out, or don't. Breakouts, when they happen, are non linear.
Bitcoin will either breakout, or it won't. Slow and steady simply isn't on the table.
Watch out for when Fraudulencers start on the "Make Money Running a Nostr Relay" graft.
Hint : we're not making money. Mine is in the Top 30 on most lists, and at 4000sats, middle price.
There will be a business model in it, but it will probably be a "geek utility" one that ISPs and hosting companies bolt onto their existing infrastructure. OR a premium service with value adds like "curated family safe".
It would, but take a 4 piece band. $20,000 a month wages, about the same in expenses, month in, month out.
And notes are really only long lasting in the way that newspapers used to be. Yes, but, not really. Notes more than 10 hours old are almost invisible. Over a week, is ancient history. But they can't keep plugging the same stuff for risk of annoying their followers...
It will be interesting to see where it goes. Meme makers might find it viable.
Possibly poets.
Hmm, I have some verse written to exe's here somewhere.... :-)
earthquakes etc as it's as frictionless as you can get.
But IMO content people who need to make a living, will always need to charge explicitly for what they make. UNLESS it becomes the social norm to "zap 500 when you watch/listen".
We shall see :-)
It's an interesting experiment. I don't see it paying any bills, but it does feel nice.
It MIGHT have some impacts re viral content, such as an appeal re earyhq
#[0]- did you just zap me? If so, looks like Alby wallet now does zaps:-) And, thank you for my first zap :-)
Not sure how this will be perceived but I'm interested in what the reaction on nostr will be toward this idea.
https://maxmoney.substack.com/p/ecash-for-better-bitcoin-privacy
Privacy in crypto is missing the point. It's nice and fun etc, but the point it misses is that you doxx yourself to the Gvt when you use your crypto for "nice things worth having".
Cars, houses, plane tickets, bank accounts, you do any of them, you create a trail.
Staying private with crypto, limits you about the same as staying private with cash.
Consider geography, (though it's hard atm). You want relays local to you, for speed, AND scattered around the globe, to maximise your net for people not yet on Nostr.
FYI, nostr.naut.social is a UK based relay.
Interesting. Reference. Because it's my understanding that this is the great exit deal that Trump signed and much trumpeted at the time.
Whatever the plans that wasn't signed said, I don't know. But the oner that was signed, I refer you to section Part One, B
Gentle Reminder of the Yorkshire saying : Clogs to Clogs in three generations :-)
The ex financial adviser in me would suggest a Trust, but is also aware that at least one member of the beneficiary class must be alive when the trust is made. And also, that (but check notes) settling assets into a trust is a disposal for capital gains purposes.
Extraditing the tyrants to Mars is probably the easiest part :-)