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Josua Schmid
e989aa6e0137d52a410ecd89ae59f7adbfb0bdec9786b9181c3707954b4cfa69
Engineering software, brewing beer

If I “follow someone” on nostr, the client should make sure (how?) to always keep connection to at least one common relay.

Choosing your relays is not an easy thing. Not too many to not stress my client and not too few so that I don’t miss out or lose connections.

It would be nice if I could group my subscriptions in the client (Damus). For example nostr:npub1m4ny6hjqzepn4rxknuq94c2gpqzr29ufkkw7ttcxyak7v43n6vvsajc2jl runs her own relay. Why ask other relays for her notes?

Also I really don’t know where my stuff is now. This note will not go to nostr:npub1pu3vqm4vzqpxsnhuc684dp2qaq6z69sf65yte4p39spcucv5lzmqswtfch's 140 chars relay for example.

It’s all a bit fuzzy. An own relay and an own client would solve that, right? Damn, that’s a lot of work.

Interesting. Zap per option would be even more interesting.

Is there something for voting in nostr? I just read this example about a Condorcet methods again:

https://agreeder.com/results-algorithm

It’s so convincingly more fair. Why not vote in priority lists always per default?

Yes, strong accent, little but sturdy man, developing rockets or tanks

My mind always reads “Sovjet Engineer” instead of #soveng

One example of an experience I made, of the positive sort:

I asked my wife to look into our job postings and point out what bothered her. We fixed some formulation details. This has been a year ago. We receive much more applicantions of female software developers now.

One of the negative sort:

A leaving employee made it her last act to introduce unisex toilets at the office. We thought why not and changed labels. Today a lot of new visitors are confused. They insecurely point to the door: can I go to toilet here?

Didn‘t we have something like a „canonical relay“ in NIP-01 in the past? Or was it NIP-02? You said those relay hints were a mistake if I remember correctly. Were they?

Maybe we are less social than people in the 90s.

> starve with all the grain in the fields

I find it weird how it could come to that much specialization. So that now everybody wants to participate in the capitalist arms race where something seems to come from nothing. Everbody investing and hedging until they realize that nothing grew.

But please elaborate about jb55 and Semisol. What‘s there?

Replying to Avatar frphank

Quite the opposite, the natural tendency for any asset that's not naturally depreciating (money, property, ...) is for it too all end up in the hands of a few.

The reason is that the best strategy is to always acquire and never spend. Anyone ever played the monopoly game knows this.

However when people are forced to spend, like buying a house to live, the poor people are at a disadvantage. Rich people already have everything and can just time the market wait for the best moment with the lowest price. Poor people need to buy right then and there otherwise they'll sleep under a bridge.

We all know that poor people e.g. buy lower quality stuff like cheap clothes, used cars etc. that are actually more expensive in the long run, just because they can't wait to accumulate enough money for the good durable things. It works like that with a shirt and it works like that with acquiring a billion dollar business.

All the artificially durable assets like money and property will end up in the hands of a few, and we already today have 1% of the population owning 50% of the stuff or something like that.

This is why some amount of inflation counteracts this phenomenon to some extent, an actual demurrage on money would be much better. Same with property. Silvio Gesell writes about it in his book on the Natural Economic Order.

So abandon your ideas of passive income and generational wealth. They are bugs in the system. It's much more likely you'll be on the short end of that stick e.g. by starving in a financial crisis than be one of the lucky few on the receiving end.

Does this mean, we‘ll always grab our own stick and chase away the Pareto-blessed at some point in time?

Replying to Avatar frphank

Money owned, if it's absolutely never spent, doesn't matter. If it really just sits in a safe somewhere it's as if it doesn't exist in the first place.

The amount of money in circulation matters. However with someone owning a lot there is a risk of them suddenly putting it in circulation and thus suddenly changing the amount of money in circulation. This will cause prices to fluctuate causing price instability. Up or down doesn't matter.

This isn't an abstract problem btw. Fiat currently has problems that are similar. https://www.investors.com/etfs-and-funds/sectors/sp500-companies-stockpile-1-trillion-cash-investors-want-it/

This goes both ways btw, someone being owed a lot of money ("owning" a large negative sum) can suddenly demand loans to be paid back and thus suddenly withdraw a lot of money from circulation with prices again fluctuating. I believe the financial crisis in the USA in the 30's was caused that way.

This is why you need demurrage on money, according to Silvio Gesell's writings. It discourages stockpiling. You'll have to abandon dreams of generational wealth and other outgrowths of capitalism but it'll keep you from starving because of a financial crisis.

This is very nicely put!

My thought were about holding vs circulating as well. The historic example I thought about was Mansa Musa of the Mali empire who caused gold inflation in Egypt on his hajj.

It‘s just that a some point holding or spending doesn‘t make a difference anymore. If there is a king (and only one) and he has all the gold, he cannot use it with his people.

Did empiric economical research study what happens if someone owned all the money? How much can you drain liquidity before people will not accept it at all anymore?

Let‘s say, I own 100% of all Bitcoin. This would make Bitcoin worthless. But what if I owned 95% of it? Or 50%? Where‘s the tipping point when buying more Bitcoin devalues it.