We had this format before, it was called vine, but it died

How many of you depend on this? Aka adderall or similar. Am curious to know #asknostr

tboooooone 💛

Interesting so is it literally just the order of post and that’s it? And you can filter to just those your following nice and simple

Can you see how many people have seen your notes?

Why is it not many people’s notes have little comments or engagement? Even big name people?

New to Nostr! What should I know and or do first?

Who to follow ?

#bitcoin #nostr

🤔

#Nostr;

I’m feeling the same way about #Bitcoin—it feels like buying land in 1883, when it was going for cents per acre in Florida, just like #HenryFlagler . 🍻

Good night 💤🌙😴😘

It could be but it doesn't necessarily have to be

So there's this card game called Spot It. There are 55 cards each with 8 symbols on it. Typically the game is played where a target card is flipped up and players try to match the next card from their hand to the target card.

The interesting thing about Spot It is that every card shares exactly 1 matching symbol with every other card in the deck. This is due to a combinatronic trick.

The number of cards and symbols C are calculated like so:

C = q² + q + 1

And the number of symbols per card S is

S = q + 1

So, for any value of q you can figure out a set of symbols and cards that operate the same as Spot It.

Now, the thing that caught my attention while playing Spot It is how when I commit to playing a card, it completely changes the strategy everyone else must use, because now they must match their card to my card rather than the target card. Each card that is played totally resets the symbol matching process.

There are no turns. When someone plays a card, it creates a checkpoint in time that alters the game state and completely changes each player's strategy.

I have been interested in how to establish a chronology of events in a trustless way without a blockchain. I am curious if this symbol matching mechanism could be abtracted to a cryptographic operation where each commitment by a party changes the requirements for the next commitment. If the commitment is linked to an event or action, it could establish a definitive ordering of events even when no trusted clock is available.

There may be better ways to do this already, such as collaborative hash chains, but I still think the idea is worth exploring.

Another interesting aspect of this combinatronic trick is that you can visualize the set of cards and symbols with lines and points respectively. You can draw the points and connect them with lines such that each point has exactly S lines and any two lines may only share 1 point. It gets really difficult after q=2 but I did it for q=3 😅

I am getting so bullish on this algorithmic relay 🔥

Now it personalizes the feed for each npub, it looks at which people you react, comment and zap the most and surfaces their content more

So it doesn't just look at what notes are most popular on the whole network, it looks at what people and notes you tend to engage with the most

It also builds on top of WoT relay, only considering trusted engagements to try to prevent gaming the algorithm

Can't wait to show you all how it works 🧑‍💻🧑‍💻

GM.

I'm bullish on bitcoin, and I think a lot of people overthink it.

One of my favorite metrics is the market value vs realized value ratio. The realized value is basically just the on-chain cost basis. The value of UTXOs at the dollar price during which they last moved between wallets, which often means the time people pulled them from exchanges or deposited them to exchanges.

A relatively small amount of marginal buying can push up the market value by a lot. Like how if you buy one house on a street, it can boost the estimated price of all houses on that street even though only one of them traded hands. But when market value becomes stretched relative to cost basis, it means that part of the market value is kind of illusory. We don't *really* know what houses on that street are worth if only one of them traded hands recently and thus liquidity was low. Over time, as more houses on that street trade hands and we have more price points, the estimated value of the street becomes more real. The same thing for bitcoin; as more bitcoin trades hands at certain levels, it starts to make that level "real" compared to how real we should consider it when it just touches a certain level for a little while with limited volume.

Right now, bitcoin is at an all-time high in its realized price, i.e. cost basis.

Back when bitcoin was poking over $60k in April 2021, the cost basis for the network was only about $350 billion. Now, at the same market price, the cost basis approaches $650 billion, or more than twice as high. The marginal bitcoin has traded hands and moved between wallets at much higher prices than years ago, even though the market price is about the same. In other words, these levels have been truly liquid and been consummated by the market more than they were back in 2021, and thus the price is more robust at this level than back then.

The launch of the spot ETFs pulled forward some excitement this year, and so we've been in this big consolidation since March. But even in that time period from March to the present, the on-chain cost basis increased from like $520 billion to $640 billion, and so price discovery and progress is being made despite the ongoing price chop.

As the network builds a bigger and more solid base like it has been doing, it can set the stage for the next major breakout. The network looks healthy to me.

Inspired to try this tomorrow. Will report back, provided it's not a disaster outcome

We could be free, but the idea of contemplating deeply how money and wealth functions because we use it everyday and it one of the most definitive aspects of our society is simply too much for most people.

So instead we’ll get infinity wars, false democracy, and a collapsing political system because most people don’t want to think, and simply obey.

Aha! I’ll add that note to my recipe! Yeah I am fan-off for this.

Looks great!

This one lands at its actually launching tower, the tower grabs it in the air, this was the first attempt, and this rocket is bigger than the statue of liberty.

Those other rockets that you've likely seen land themselves are way smaller.