Neither. He knows what mechanisms he has. The Federal Reserve has more capability than any central bank or government ever, to inject liquidity and back-stop all of this. Since 2008, there is really no risk of a systemic collapse, only increasing centralization as the central bank and bigger banks swallow up the smaller banks.
I love the Breakdown podcast. Maybe a bit of a 'crypto' podcast for #Bitcoin folks, but he's talking a bit about #Nostr today.
Yeah. Anything can be changed. Perhaps that's the argument for ossification. If the monetary policy was inflationary, I'd certainly be barking for change.
However, I can see how admitting that the monetary policy is up for debate, which it really isn't from a cultural standpoint, would be proplematic.
I'm pushing back against the argument that we should accept that the Bitcoin protocol is ossified in its current state. https://www.forbes.com/sites/digital-assets/2023/03/18/should-we-be-worried-about-bitcoin-ossification/
#[2] Bitcoin can change, and it's still Bitcoin. I'm not as good with words as Jameson.
Is he here? We don't much care about the alt-coin promoters.
awesome...
I think this is a scaling neccessity. We can't be limited to friends of friends+, but the only public 'channel' to go into is currently global, for most clients.
We need rooms for topics, reddit communities, etc. desperately
add wss://nostr.mutinywallet.com
this blastr relay publishes to 100's of relays for one connection.
Then I prioritize nos.lol, e.nos.lol, nostr.band and other 'aggregators'
Finally, whoever you receive DMs from should be using the exact same relays, so find those and add those.
You really only need 5-10 relays.
There's a few pretty nasty bugs in #[2] at the moment. I have to follow someone or unfollow someone, every time I come back to the app or my follow feed is basically empty, hours stale.
There are 'notifications' for other people, how much liked, zapped, etc. coming into my follow feed too.
Bitcoin is really not in competition with the US dollar, it's in competition with gold, real estate, equities and other things that require armies to secure and enforce legal codes in order to keep them functional. Investment requires property rights and so people need property rights to make investments to free themselves from simple hand to mouth work or sustenance.
Bitcoin is property rights enforcement without property rights enforcers. Bitcoin is a way of extending the United States' long term goal of a globalized capitalist exchange driven dependence upon all from all, more effectively.
The US dollar is not the problem in this context, the problem is property rights enforcement currently requires violence and so liberating people is costly, bloody. Bitcoin doesn't cost blood to liberate the consumers of the still 3rd world oppressed, without strong property rights, the best weapon for this is Bitcoin.... at least that's the theory as far as I understand it.
It's part of the latest release from today and how you setup your social network:
https://github.com/irislib/faq#feed
#[2]
so wait, I don't have complete control over the relays?
ok, we know the banks are killing themselves and Bitcoin is the answer, but whos gonna win the Tourney....
#NCAA Roll Tide yall
Crypto is mostly the same centralized ownership, staker, cantillionaire game. It's just a new set of players making the same old mistakes of greed and ego. Using a new tech to get around fundraising laws.
However, some of them have decent ideas of what to build, after making the mistake of ego in keeping control and domination in the launch.
There are a very few projects or components that are interesting building blocks to work into a future moral and decentralized smart contract system.
Decentralized Automated Money Markets, not needing clearing houses for all trading of all types of assets, bonds, equities, tokenized anything
NFTs, not jpegs but titles, replacing government titling systems for property tracking
I like the idea of prediction markets for decentralized voting/perception/sentiment scoring.
Ultimately, though, I think government 'stable' coins are the most desirable thing in the marketplace at large and will corrupt the whole thing, as is, long before they flush out the ego and the tyrants while keeping the good ideas.
A dollar that moves globally without limits, anonymously, is the real competition to Bitcoin. People know dollars, if they can just download an app and use dollars without paying more than pennies and without doing the expensive identity stuff that a 3rd world person would find difficult... That's what 'crypto' will be about from here on out. It'll be the establishment's alternative to Bitcoin. Dollars, taking Bitcoin's thunder of cross border and open and cheap and easy...
#[0] you got anymore of them bug fixes; lol
I found one #[4]
I'm not happy to agree with you here, but a Nostr identity is merely a label or a nickname. The real person behind is what needs verification and that will always involve something beyond Nostr. A meet-up, a NIPS-05 domain, a tweet, a github post, etc.
It's kinda like PGP keys that way. There are many keys for a single signer, often expiring and being remand. You declare your trust, broadcast it and also check who else trusts it before doing so.
This trust factor, the concept of 'where did you get this key', do you trust it, who else trusts it (Web of Trust) is likely critical to using Nostr for more serious operational security messaging al la PGP email signing, code signing, etc.
I agree with this, but as another said, this could be generically useful from to marketplace type system, as well. Customer Reputation is just far more important to a sex worker or customer who faces criminal prosecution or assualt from the wrong customer.