naval
Naval

Incompressible

Public Key

npub1n5r9lpxqewnmpmux7hfdz40xecq30z52x0sef7vend6f0vdjyqds020ngn

NIP-57 Address

naval@primal.net

Profile Code

nprofile1qqsf6pjlsnqvhfasa7r0t5k32hnvuqgh329r8cv5lxvekayhkxezqxcpzfmhxue69uhhqatjwpkx2urpvuhx2ucpz3mhxue69uhhyetvv9ujuerpd46hxtnfdu45lzze

Publishing to

purplepag.es

relay.damus.io

global-relay.cesc.trade

Author Public Key

npub1n5r9lpxqewnmpmux7hfdz40xecq30z52x0sef7vend6f0vdjyqds020ngn

Show more details

Last Notes

2024-07-14 21:36:49

- reply

Fair point. Sybil multisigs. Ideally there’d be an on-chain reputation system with longevity and successful transaction history. But that starts getting fairly complex.

2024-07-14 21:33:41

- reply

Happy to be in a meritocracy. Since you’re into name calling, muting you.

2024-07-14 21:32:32

- reply

Wonder if you create a privacy chain from the ground up that would automatically self-audit. Use ZK to count up all the balances without revealing them outside of the sum total.

2024-07-14 21:29:10

- reply

Should be but people won’t switch until they’re forced to. And the primary “feature” on these platforms is the userbase.
So it’s more about being ready than demanding that people switch now.

2024-07-14 21:26:24

- reply

Muted.

2024-07-14 21:25:52

- reply

So many Bitcoin L2s.

2024-07-14 21:24:30

- reply

If Nostr is going to succeed, you can’t police what’s going to be discussed.

2024-07-14 21:23:52

- reply

If you can transfer from a bitcoin address to a new one, completely privately, and split the transaction across time and amount, that would work.
Are there any such working implementations?

2024-07-14 21:21:35

Programmable money (ETH, etc) is hard to scale. So people build Layer 2s.
But these Layer 2s are barely decentralized. And now there’s a crop of L2s that are really just multisigs.
But wouldn’t a sufficiently large group of multisigs be somewhat decentralized? Like a digital Hawala network?
Especially for transactions (but not for smart contracts where money is locked up).

2024-07-14 21:18:56

Long term, we need private money or it just gets traced / taxed / seized by the state anyway.
But truly private money makes for a bad store of value. You can’t audit the ledger, so a bug could create unlimited inflation that would be hard to detect.
So privacy is how you move money, not necessarily store it.

2024-07-14 06:54:43

- reply

World moving fast.

2024-07-14 06:47:27

- reply

No one of consequence.

2024-07-14 06:27:49

- reply

Interesting. Thanks for the explanation.

2024-07-14 01:08:50

Bad marketing for Nostr clients to position as “wallets.”
Being money-obsessed is low-status. And social media is all about status.

2024-07-13 23:51:24

Trump needs assassination insurance as good as Biden’s.

2024-07-13 21:37:09

Nostr serves as the credible backup plan for when governments seize or ban X.

2023-01-20 22:19:41

- reply

Check the timestamps on my last two Nostr posts and then compare to timestamps on Twitter.

2023-01-19 17:54:03

Automation means not having to do anything twice.
Automation with the Internet means not having to do anything that anyone else has already done.
All that remains are creativity and judgement.

2023-01-18 21:50:42

Either create wealth or a passive income, or become a monk, or do what you love more than money.
What remains is taming the mind and the body, seeking truth, creating love and art.
The world has nothing to offer you.
And you are free.

2023-01-18 21:10:51

- reply

🪄

2023-01-18 21:10:19

- reply

🤷🏻‍♂️

2023-01-18 21:10:09

- reply

Thanks for the help. 🙏

2023-01-18 21:02:11

Hello decentralized world.