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Matheus
ccbf87d871b541639daa16ea86162f9030b3c1b9dcdd307a50e9248421c5e960
Author of free book Bitcoin by a Newbie

How totalitarianism can ruin even a resourceful country…

(Brazilian here!)

Replying to Avatar Malos10

[Life in Venezuela]

In Venezuela, you can't just go fill up your car with gas whenever you want because gasoline is regulated. Each day, three random numbers are assigned that correspond to the last digit of your license plate. Only cars with license plates ending in those numbers can buy gas that day. I have an app on my phone that alerts me to the days I can fill up my car.

Due to these regulations, a bottleneck effect is created where many people have to go on the same day, causing long gas lines that can last for hours...

I recorded these 3 videos a few days ago, and even here, the line was VERY SHORT because the gas stations start closing at 3 PM and it was already 3:20 PM. Only a few gas stations were still serving the last people in line...

https://v.nostr.build/hdvZVRnZTNxxCJu1.mp4

https://v.nostr.build/TWB8fDZmr6fdrp8s.mp4

Los motorizados deben surtir gasolina en estaciones de servicios diferentes a la de los carros

https://v.nostr.build/Pp4qh49OefVOngap.mp4

Why?

Shortage of production: Despite being one of the countries with the largest oil reserves in the world, gasoline production has decreased significantly in recent years due to underinvestment and lack of maintenance of refineries.

Distribution of gasoline throughout the national territory has also been a problem. Lack of investment in infrastructure and a shortage of tanker trucks have made it difficult for fuel to reach gas stations, especially in more remote areas.

These long lines cause a significant loss of time for drivers, affecting their productivity and quality of life.

Some photos i have taken before as documental material:

A man selling ice cream in the gas lines

Ahh, i forgot to tell, the gasoline price of venezuela at the gas station is 0.50$ per liter and you can find them in the streets for 1$ - 1.50$ per liter

#plebs #plebchain #nostr

My 2 sats: Today Venezuela has the largest oil reserves, ahead of even Saudi Arabia…

Replying to Avatar Mike Rama

I spent another 100,000 sats on a zap-vertising experiment…

And I think I proved that advertising on Nostr actually works…

Here’s:

1ļøāƒ£ What I did

2ļøāƒ£ The results

3ļøāƒ£ What I learned

1ļøāƒ£ What I did:

I sent 4105 zaps over the course of 3 days for a total of 112,000 sats.

Each zap contained a link for a blog post:

zapvertising-experiment.carrd.co

My goal was to see if I could get a reasonable cost per click (CPC)…

2ļøāƒ£ The results:

During the campaign I had a total of 71 unique visitors to the page.

CPC was 1578 sats or $1.50 usd.

I also gained 245 followers from that campaign.

These CPCs are in line with other ad platforms which validates the overall concept for me.

3ļøāƒ£ What I learned / brain dump:

- Results were better than expected.

- I thought there might have been a bit of negative push back (however none received).

- There is a chance I am significantly underreporting and google analytics isn't picking everything up (surprised to see 3-4x the number of new followers vs. clicks šŸ¤”)

- THERE IS SOMETHING HERE. I still don’t know exactly what the model looks like, how it scales, but there is something to be uncovered.

- Right now, this can’t be done at scale… in the future it could. I spent ~$100 and it took me multiple days. In the future there will be ways to allocate +$10,000 per day here. For context of where we are at right now, Nostr daily zap totals are around 750,000 sats - about $675 - see stats.nostr.band/ for that data)

- Something feels off with the format… simply paying someone and sending them a link… The p2p model feels right, but the format feels off.

More to come 🫔

Let me know your thoughts šŸ‘‡

I just finished a book that will be published for free. I will try some similar approach for Nostr people to repost and/or visit the site to download! Thanks for the experiment!

Zuck anuncia que Meta irÔ seguir os passos do X e descentralizar a verificação de fatos!

#bitcoin

#Nostr

#freedom

https://m.primal.net/NWTs.mov

Happy Genesis Block Day!

Here are some facts and curiosities about the Genesis Block:

- The Genesis Block, also known as Block 0, is the very first block of Bitcoin's blockchain. Unlike all subsequent blocks, it does not reference a previous block, making it truly unique;

- Satoshi Nakamoto included a now-famous message in the Genesis Block: ā€œThe Times 03/Jan/2009 Chancellor on brink of second bailout for banks.ā€ This headline from The Times serves both as a critique of centralized banking systems during the 2008 financial crisis and as a timestamp, since the hash could not have been generated before that date;

- The Genesis Block contains a reward of 50 bitcoins (a coinbase transaction), but due to the way it was coded, these bitcoins can never be spent;

- The second Bitcoin block was mined on January 9th, a full six days after the first. Normally, Bitcoin blocks are designed to be mined every 10 minutes. This delay for the second block can be attributed to several reasons. The algorithm responsible for adjusting mining difficulty to maintain the 10-minute interval only activates approximately every two weeks. Satoshi may have deliberately waited before mining more blocks to see if others would join the network—he didn’t want to pre-mine everything for himself.

Another theory suggests that since Satoshi was the only one mining at the time and still needed to make adjustments to the code while using his computer daily, there was limited time available for mining, which naturally led to delays.

Yet another theory posits that Satoshi’s original Bitcoin version required at least one additional node before mining could begin. It’s possible that Satoshi’s node was running when he released the software but only started mining once a second node joined the network. Bitcoin version 0.1 was announced on January 8th at 19:27 UTC via an email list. The second node would have appeared on the network sometime after this announcement, when someone became curious enough to download and run the software. Block 1 (the second block) has a timestamp of 2009-01-09 02:54 UTC—7 hours and 27 minutes after the software release announcement.

However, one of the most intriguing theories suggests that Satoshi deliberately mirrored the six days it took God to create the world, as described in the Book of Genesis.

#bitcoin

#nostr

If the #Bitcoin hashtag mining difficulty adjustment is scheduled to occur every 2,016 blocks (2 weeks), why did the first adjustment only occur at block 32,256 and almost 1 year later?

Exactly 15 years ago on December 30, 2009, the first Bitcoin network difficulty adjustment occurred.

The mechanism is scheduled to occur every 2,016 blocks, but the retargeting adjustment algorithm only works if the average block time is above 10 minutes.

Until December 2016, the average time to mine a block was over 10 minutes. Between block 1 and block 32,256, the average block time was 16 minutes.

Ah, alcohol!

Not just creating friendships but also stories!

Exactly 11 years ago, on December 18, 2013, GameKyuubi, a Bitcointalk user, posted a historic text!

BTC was experiencing a drop after a significant rise. And the author said in the text that he would hold!

But instead of writing "I AM HOLDING", he ended up writing "I AM HODLING".

This happened after drinking a few shots of "whiskey", but according to the author himself, the bottle said "whisky"!

From then on, following Gresham's Theory, Bitcoiners started to HODL BTCs and use fiat!

Exactly 14 years ago, on December 12, 2010, Satoshi Nakamoto made his last public post!

Just as brilliant as the creation of Bitcoin was the disappearance of its creator!

It was a post on the Bitcoin Forum, which was edited the following day (December 13).

He didn't explain his reasons, but it is believed that Wikileaks beginning to accept donations in bitcoins might have drawn unwanted attention to the project at that time.

Although this was his last public post, he continued exchanging private messages with Mike Hearn and Gavin Andresen for a few more months.

This and a dozen more curiosities about #bitcoin will be in the free book I will be releasing soon.

#nostr #satoshi

Would you invest if a 3.5-point increase in a country's education index could lead to a 6 to 8 percentage point rise in per capita GDP within 5 years?

The answer shouldn’t be surprising.

What is surprising, however, is that these results aren’t achieved through education.

What brings these results is something much simpler and cheaper to invest in: Economic freedom.

This was the metric observed by the Atlantic Council based on data from the past 15 years.

And when we talk about economic freedom, we’re referring to policies that lower taxes, streamline the regulatory environment, open up the economy to greater competition, and tackle corruption.

While investing in education is necessary, economic freedom is something that can be implemented quickly and easily, delivering far more immediate results for the social and financial well-being of the population—who, in turn, gain the means to educate themselves and break free from reliance on the state!

#freedom #bitcoin #nostr