Ran some analytics on zaps on nostr, it's quite terrible...
~95% of users have their lightning address set to a custodial wallet
~91% of all zaps by volume have gone to a custodial wallet
#[0] is the clear winner of 50% of users and 67.5% of volume
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UNPOPULAR(?) OPINION: FOR POCKET CHANGE AMOUNTS (LIKE ZAPS) IT’S A FINE TRADEOFF TO USE CUSTODIAL WALLETS IN EXCHANGE FOR A SUPERIOR USER EXPERIENCE.
“BUT SVB WAS JUST AN OUTLIER THAT DIDN’T DO PROPER RISK MANAGEMENT, MY BANK IS DIFFERENT!”
YOUR BANK: 
PROFESSOR HAYES CONTINUES TO BE ONE OF THE BEST EXPLAINERS ON EARTH. TY FOR YET ANOTHER EXCELLENT PLAIN-LANGUAGE BREAKDOWN OF SOMETHING I DIDN’T QUITE GET: #BTFP 👍🏼
THE AI HAS DISCOVERED MY EVIL TWIN AND HE IS A REGIONAL VICE PRESIDENT FOR A MID TIER INSURANCE COMPANY
TOO INCOMPETENT TO HAVE PLANNED IT OUT, BUT EVIL ENOUGH TO CAPITALIZE ON THE SITUATION NOW THAT WE’RE HERE
I KNOW THEY ARE COMING EVENTUALLY. I HOPE THAT THE HARSHER WINTERS AND CURRENT LEVELS OF NORMALCY AMONG THE POPULATION ACT AS A DETERRENT FOR AWHILE LONGER. I GIVE IT 5 YEARS THOUGH, AND AM ALREADY PLOTTING THE NEXT LOCATION TO FALL BACK TO.
“HEY BRIAN, ANY REGRETS AFTER MOVING AWAY FROM SEATTLE?”
WELL LET’S JUST CHECK IN ON MY FORMER HOMETOWN SHALL WE…
THEM: “HANDGUN MAGAZINES MAY NOT HOLD MORE THAN TEN ROUNDS”
ME:
IMAGINE MAKING BITCOIN BUY/SELL DECISIONS BASED ON FARCICAL GOVERNMENT METRICS LIKE CPI
YEAH SO LAST TIME THE TOXIC ASSETS WERE CDS / CDO DERIVATIVES BASED ON MBS CRAP BUT THIS TIME THE TOXIC ASSETS ARE ZIRP T BILLS CRAZY RIGHT
ONLYNIPS
Had to say something about this on Twitter and I'll just leave it there for people to get super pissed & argue about it. But maybe it'll make just ONE person think twice about it. And that'll be worth it.
h/t #[0] for the inspiration and getting me riled up about it 😂
https://twitter.com/TheGuySwann/status/1634954336739491843?s=20
I WILL LEAD THE GUY SWANN BAILOUT WITH A ZAP
LIVED THROUGH THE '08/'09 FINANCIAL CRISIS AND HAD NO CLUE WHAT WAS GOING ON / WHY MY NET WORTH WAS BEING WIPED OUT.
NOW I GET TO LIVE THROUGH THE '23/'24 FINANCIAL CRISIS, AND I WILL KINDA SORTA REALIZE WHY MY NET WORTH IS BEING WIPED OUT.
PROGRESS! 👍
SOMETIMES SACRIFICES HAVE TO BE MADE
HUMANS ARE GONNA HUMAN
RIP $SVB @SVB_FINANCIAL MAY YOUR DEMISE MARK THE BEGINNING OF AN EXTINCTION EVENT FOR THE HUNDREDS OF RIDICULOUS VC FUNDED TECH STARTUPS YOU SUPPORTED
