Subnostr

My brother is or has been sponsored by Swan, & he is a pretty heavy Nostr & Keet user. I don't think it helps anything to assume the worst of people who have generally been doing good things. But no one is perfect.

[ARCHIVED] Jay 1y ago

I keep flip flopping on the subject of Swan honestly. I don't use their service anymore nor am I on Twitter to listen to their daily show. So I really have no grounds to have beef with them.

They're a Bitcoin only company supporting Bitcoin only creators, and I think that should be enough. They get embroiled in a lot of drama on purpose because that's how Cory runs his ship. People see the drama and get a negative vibe about Swan, but that's like believing Bitcoin FUD. The fundamentals don't change.

Bitcoin-only is the signal. Plus Guy has the best ad reads for them in the whole space.

Replying to

Nate

I think about all the power utility substations that have giant 240VAC space heaters in their control rooms ...

They are missing a golden opportunity to run miners instead

[ARCHIVED] Jay 1y ago

I once worked with gas turbines that needed to run at half power at night to remain profitable, but doing so raised their emissions beyond what was allowable.

I casually thought back then that I wouldn't even have to be there tuning this emission problem if they just ran Bitcoin miners at night and kept the turbines at 100%.

Replying to

Sikto

No rain, no rainbow.

[ARCHIVED] Jay 1y ago

No pain, no gain.

Replying to

[ARCHIVED] Jay

From my aunt in Texas #eclipse

[ARCHIVED] Jay 1y ago

A bunch of people are liking this on the fediverse and they're all people I would mute on sight 😂

nostr:nevent1qqsz46kthdkefmtfsc0thtyah7kr4u4a0ndls063nuupkg38985hn2cpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyrtkqaryyfwg4dssm2v5jk78pj9r53dq879z922lqm7tt0zzretn5qcyqqqqqqg0xxnlg

Replying to

nick

they were so real for this

[ARCHIVED] Jay 1y ago

If they're looking for irreparable brain damage, they're looking for the BSV/BCH communities.

Replying to

𝔼𝕣𝕪𝕟 𝔹𝕣𝕒𝕔𝕔𝕠

Ooh I bet it’s a double yolker!

[ARCHIVED] Jay 1y ago

Maybe even a triple!

Replying to

[ARCHIVED] Jay

Tbh, I have not seen Swan or most Swan-sponsored influencers on Nostr, and that's a red flag for me.

I have not seen Saylor on Nostr posting anything besides his reposted AI art, and that's probably a bot. And his nip05 recently became invalid.

If Nostr is my web of trust, they're not on it.

[ARCHIVED] Jay 1y ago

A counterpoint to my earlier point is that Swan and Saylor are playing a game that doesn't benefit from involving existing bitcoiners, so it isn't vital to their strategy to spend any energy maintaining a presence here.

Swan's goal is to onboard new bitcoiners. New bitcoiners are arguably not on Nostr, so why put in the effort?

Saylor's goal is to accumulate as much Bitcoin as possible and store in a way that persists for thousands of years. Once again, that doesn't have much to do with hanging out with plebs on Nostr.

Even though they'll probably come here eventually, expecting them now is high time preference behavior.

nostr:nevent1qqsz2d7ey8jmc7ajyv3qgaskm7tuzrk44qpm5t3g3wnq44nftktagucpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyrtkqaryyfwg4dssm2v5jk78pj9r53dq879z922lqm7tt0zzretn5qcyqqqqqqg2ss0g4

Replying to

Leathermint

I'm wondering if making people spend and transact with me has any consensus power in one shape or an other.

Would it give my node more "value" if it was to verify 10 transactions per day?

[ARCHIVED] Jay 1y ago

Yes, I think so. You produce a good that is valuable to others, and you wield your Bitcoin node to project power on your clients, saying, "I will send you this valuable good if you send me Bitcoin that my node recognizes as valid.

By doing that, you incentivize your clients to use nodes that agree on the same rules as your node. You're projecting power over the version of Bitcoin OTHER nodes in the system are running. Your power over consensus does in fact increase as your clientele increases, because you influence more nodes in the network to be in consensus with yours.

Replying to

Leathermint

So how does one grow his power? Make more people trust your node? How?

[ARCHIVED] Jay 1y ago

There are three components to Bitcoin: the developers, the nodes, and the miners. All of them play a part in maintaining the security and decentralization properties that make Bitcoin valuable.

Developers are a source of change. In Bitcoin, you can only add features, and therefore make the system more complex. So changes must be hyper-conservative or else they can destroy the system.

Nodes are a source of sustainance. They enforce the current rules of the system against each block of transactions that is mined. And they are slow to upgrade if changes are made to the code.

Miners are a source of creation. They choose transactions and spend physical watts to produce a record of transactions that every node can agree on. Physical power is necessary to make the record of transactions trustless.

I highly recommend reading The Blocksize War to understand the power dynamic among these three participants. It is the key to understanding what consensus means in Bitcoin and how power can be projected within it.