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Chad Lupkes
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Wealth based systems are the future. #Bitcoin is the foundation for wealth based financial capital. Critical thinking is required. Bitcoin class of 2017.

It's super hard to tell. I've watched a number of videos from Joe Nokamoto where he visits villages and towns where Bitcoin is catching on, and I have contacts at several of the refugee camps that I'm trying to get interested in Nostr & Zaps. It's a hard sell to get the first people in a network started.

There are so many pieces to this puzzle, and not enough connections between them to put the puzzle together.

I think what IPFS needs is a node system to help propagate sharing. If multiple file hosts have a CID, it works fine. But for something that is a new CID, it's difficult to get it spread around. Especially large files.

It could, if people start using it as a medium of exchange and a unit of account.

This is why I'm trying to encourage people in developing countries to build circular economies that have nothing to do with any and all fiat currencies. The problem is that they must use fiat currencies to survive, and the data transmission is so expensive they can't even get started.

The National Retail Federation already has MANY standards in place for sizes, colors, materials, etc. Combine it with the Harmonized Tariff Schedule which is international in scale, and we're talking about a way to identify in a single code the complete history of a product or service that incorporates all of the existing standards data that manufacturers, wholesalers and retailers are already using. It wouldn't be reinventing anything from scratch, just needs a way to combine it all in a way that a computer would be able to either read directly or look up from component codes and hashes.

This would bring us close to the world described in this video:

https://www.youtube.com/watch?v=QX3M8Ka9vUA

Building this with open source information systems like Nostr would just save everyone millions of dollars in development cost.

I work in retail, and I'll have to take a look at the NIP. Before I do, just some brainstorming notes.

The standard for item identity right now is the UPC, which is a global standard that has worked really well since it was launched in 1973. The EAN-13 version of the barcode could be incorporated into an NPC (Nostr Product Code) that includes additional information about ... anything really. It's all a hash that can include any number of embedded documentation and details. Items with the same UPC but coming from different factories in different countries around the world could be properly identified with source data, materials composition, labor details, applicable laws and Value Added Tax details, transportation logs, etc. and it would all fit in the nproduct hash via something like IPFS content hashing.

Apply the same standard to cash. Every dollar, every penny, should be tracked going in and out of every bank, every business, every piggy bank.

And if they won't apply the same standards to cash, that's a lawsuit just waiting to happen.

Coinbase transfers will be so much faster, they said. Lightning gives them a huge advantage, they said.

oh please...

I'm trying to transfer 1000 sats, and it has been pending for 18 minutes.

Replying to Avatar Shoq

nostr:npub1lslwn6kpyfkj3xp3zk6jd2epur5gjdeawklnsh9nd498xy50ezdqfz9c2x Could there be more method to this madness than it appears? Could Jack and Elon be planning a Twitter/NOSTR venture to compete with the emerging Threads/Fediverse ecosystem?

Elon won't do anything with Nostr, because it would erode away the profit potential of his platform. Nostr has zero algorithms and zero advertisements, by design. For someone who wants X to make a profit, that makes Nostr Untouchable.

That's a good thing, he can stay away.

Replying to Avatar Shoq

nostr:npub1wmr34t36fy03m8hvgl96zl3znndyzyaqhwmwdtshwmtkg03fetaqhjg240 I’m not too Nostr savvy yet. Why do you choose to use the public key as your fediverse ID, rather than a much friendlier NIP05 domain name?

That differentiation is artificial, it's the same ID, two different versions. I think the difference comes from the client you are using, not the ID itself.

Welcome, btw. Good to see you here.

A relay to client connection that is literally un-censorable across nation state firewalls would be epic. Make it so that the only way a state could block content is by turning off all computers in the country.

If we take what they have done and make it better, they will either adopt the improved standard or get left in the dust. That's how market innovation works.

Just like 99% of people throw the tags with the barcodes away when they bring a product home. And I don't think we're talking about the end consumer here, an nproduct ID could be used by the Supply Chain to track materials and the manufacturing, shipping and distribution process of a product or service. If we could get this worked out, it could be a huge part of a global VAT system.

I work in retail, and I'll have to take a look at the NIP. Before I do, just some brainstorming notes.

The standard for item identity right now is the UPC, which is a global standard that has worked really well since it was launched in 1973. The EAN-13 version of the barcode could be incorporated into an NPC (Nostr Product Code) that includes additional information about ... anything really. It's all a hash that can include any number of embedded documentation and details. Items with the same UPC but coming from different factories in different countries around the world could be properly identified with source data, materials composition, labor details, applicable laws and Value Added Tax details, transportation logs, etc. and it would all fit in the nproduct hash via something like IPFS content hashing.