bergealex4
Alex B.

Public Key

npub16fhh3ev4gytmt3jn3gkkez9z99kxtspcwupen4cxn2tcym4sd22surn62p

NIP-05 Address

bergealex@bitcoinpark.com

NIP-57 Address

olivinezebra3@primal.net

Profile Code

nprofile1qqsdymmcuk25z9a4cefc5ttv3z3zjmr9cqu8wque6urf49uzd6cx49g5mu28n

Author Public Key

npub16fhh3ev4gytmt3jn3gkkez9z99kxtspcwupen4cxn2tcym4sd22surn62p

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Last Notes

2024-08-30 14:41:02

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lmao nahhhhhhhh

2024-08-29 23:00:22

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there was supposed to be an embedded video but that was a total fail

2024-08-29 22:56:47

GLOBAL MONEY
LOCAL NUTS 🥜
My #BHB talk

2024-08-29 22:15:52

Nostr : TCP/IP
Whatever they're building over there : OSI
Let's keep things weird folks cause this stuff going on over there is... uh... disturbing
https://block.xyz/inside/block-partners-with-commerce-department-NIST-to-accelerate-development-and-adoption-of-digital-identity

2024-08-28 13:36:21

In NostRiga @npub1lun…27lj had this intuition Web-Of-Trust is deflationary. He is correcdt!
There is no better explanation of this than MP's "GPG Contracts" article.
http://trilema.com/2012/gpg-contracts/
The potential of this is MASSIVE. It's a complete shift from the society we live in. https://m.primal.net/KRho.png

2024-08-23 10:46:55

The quality of people in the Nostr space is pretty mindblowing to me as a mere Bitcoin pleb.
We're going to get so sick of winning

2024-08-22 13:54:06

Ark is coming 👀
https://bitcoinmagazine.com/business/tim-draper-invests-in-ark-labs-to-make-bitcoin-payments-easier

2024-08-14 19:24:00

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>utxo ownership proofs
feels limiting, most people aren't likely to own utxos in the first place

2024-08-14 17:11:35

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I completely agree with everything you've just said but let's just not errr on using terms like unilateral exit when they have a very well defined intent which doesn't apply here.

2024-08-14 15:40:10

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The mint running away with the collateral

2024-08-14 13:58:25

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Can you expend on this?
By custodian do you mean the mint or wherever you are storing your nsac?

2024-08-11 23:43:13

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Wow!

2024-08-09 18:27:09

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Try Bitkey 😉

2024-08-09 17:07:41

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cool story bro

2024-08-09 17:02:22

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Reads note.
Check profile.
Sees XMR.
Ignores.

2024-08-09 16:43:51

Bitcoiners are going to have a hard time, get scammed, repeatedly deceived and go into depression until they are ready to admit that 99% of retail payments will not go through self-custodial UTXOs.
You don't and can't get around L1 economics.

2024-08-09 16:43:46

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I was in the dragonsden fighting in the trenches at Bitcoin's most critical moment? Where were you?
I have done my fair share of Bitcoin "recruiting". Most of the time it's a total waste of time.
People will come to Bitcoin as they need it. Same for Nostr

2024-08-09 16:14:34

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The UX problems with Nostr clients are front and center and very apparent in contrast with centralized solutions.
We know that the current state of key management is unsustainable for larger audiences. There seems to be promising progress in that regard.
I do agree that waves of adoption stimulate innovation but "recruiting" people to Nostr feels like "recruiting" people to Bitcoin. It's a pretty perilous endeavour.

2024-08-09 15:44:20

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The infrastructure is still lacking in MANY respect, rushing to onboard people who aren't ready for it will leave them struggling through a subpar experience and more likely than not give up on Nostr. Good luck getting them to come back after this.
Nostr is just like Bitcoin, people are going to flock to it in cycle but it's probably for the best that we don't have a "breakout moment" right now.

2024-08-09 00:17:33

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yeah let's support an administration that put up a literal retard as candidate to replace a senile president they tried to hide from the constituents for the last 4 years

2024-08-09 00:13:40

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fiat banks consolidate because regulations make creating fiat banks prohibitive

2024-08-09 00:12:24

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So then in your world anyone you disagree with can stale Bitcoin development by being very loud and supportive towards any potential change
I hope you realize what a silly outcome that would be

2024-08-08 21:07:48

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if you want to move spam off the network you should support OP_CAT

2024-08-08 19:19:38

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It does not make shitcoining any easier.
It allows any Bitcoin users to set spending restrictions on their bitcoins. If you have an issue with how other people might use their bitcoins that's a you problem not a Bitcoin problem.
Any feature that makes Bitcoin better by default makes the life of anyone who use it better. Would we want to remove multisig because it makes shitcoining on Bitcoin easier?
Meanwhile you can use those new spending conditions to create a vault with reactive security for your savings, or your ecash mint.
Or build more capital efficient ARKs to further improve liquidity for Lightning Service Providers.

2024-08-08 19:10:52

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People are already shitcoining on Bitcoin and it will never stop.
OP_CAT allows you to build covenants and perhaps ways for the shitcoiners to have fun while not hurting every other Bitcoin users.
On top of that, Bitcoin users interested in self-custody and payments alone would benefit from having covenants available.
Win win

2024-08-06 21:01:49

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No that’s the thing. You have very little optionality in today’s system. Everything is hyper consolidated. Barriers to entry are prohibitively high. Innovation is repressed. Network effects are captured into oligopolies.
Lightning is the bridge to permissionless finance.

2024-08-06 19:24:11

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You can decide which of the hundreds of thousands of financial services built on it you will use.

2024-08-06 19:16:51

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Lightning creates a level playing ground for every financial service on the planet.
It is far and away the future for Bitcoin regardless of how people decide to use it. Custodial or not.

2024-08-06 17:00:35

Over the last year Lightning, has been integrated into
- Largest exchange in world (Binance)
- Largest exchange in USA (Coinbase)
- Largest exchange in Mexico (Bitso)
- Largest exchange in SEA (Coinsph)
- Largest fintech bank in South America (Nubank)
but there are still people out there fading it.

2024-08-06 14:13:51

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They don't owe you shit

2024-08-06 13:47:25

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What have you done for them that you think you are entitled to anything more than what they've disclosed in their article?
Did you donate?

2024-08-05 21:23:44

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But it's just not the case.
It's much harder to securely generate a private key and back it up than it is to open an online account I don't know what you're talking about.

2024-08-05 02:14:22

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must suck living in your little bubble of a world

2024-08-04 20:48:28

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If you're okay with paying the costs of self custody then Phoenix and others launched soon should be able to do Lightning pretty seamlessly.

2024-08-04 17:24:34

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yes better hold your keys and go broke holding an asset heading for zero

2024-08-04 16:11:33

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It seems most of the issues you outline are resolved by simply using ecash.

2024-08-04 14:54:53

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Sounds maybe like a squared peg in a round hole problem?

2024-08-02 22:14:58

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it's a balloon

2024-08-01 16:21:12

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If you want trustless ZK rollup you must use DA on Bitcoin.
This does not scale by default. You still need non-witness data therefore you only get 5-10x increase in the throughput depending on who you ask.

2024-08-01 16:11:19

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>Yes but in this scenario you assume that most of the traffic will still happen on L1 directly ? Assuming most of the traffic move to L2s then it's not the case.
Blocks on L1 will be made full regardless, this will increase on-chain costs which are directly tied to the cost of transacting on the rollup. Bitcoin"s DA is extremely scarce and we know this creates a ceiling for rollups.
AFAIK it's well understood that rollups actually do a poor job of actually scaling though they have undeniable utility advancements.

2024-08-01 15:56:14

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>With validity proofs it's trustless. You're only giving up censorship resistance (up to L2 consensus), but gaining: scale (like lightning) and functionality. In fact, the latter also gives more security because you can do DeFi and self-custodial applications.
I was referring to sequencing layers. Rollups do not scale like Lightning in any way. They involve global state and data that has to be made available to users.
Using Bitcoin as a DA will make tx onchain strictly more expensive than on Bitcoin today the moment any sort of scale usage shows up.
All of the gadgets you refer to are underexplored and add new layers of complexity that I don't think are fully appreciate because they've never been tested in real world environment.
What we know of rollups is that they are permissioned, likely very expensive to operate and consolidate into few service providers that can capture network effect. (observations from ETH)

2024-08-01 15:29:12

Okay Nostur I see you

2024-08-01 15:28:25

Okay Nostur I see you

2024-08-01 15:23:51

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nop

2024-08-01 13:10:21

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>What bother you the most about this is the need of having a consensus and hence economic security needs ?
Precisely, yes. It's just another blockchain. Blockchain decentralization doesn't manifest in and of itself and every attempt other than Bitcoin are looking like failure so I don't see why it would be different here.
>And you don't believe that Bitcoin could be used as DA layer ?
Too expensive
>Validium
That's an option but I'm not sure how it would play out in practice. Overall it just seems overarchitectured. Another example is I have no reason to believe at the moment that fraud proof economic games are actually sustainable. They seem quite capital inefficient and I've read pretty serious concerns around the long term game theory.
I'm open to changing my minds but directionally I'm just not very impressed by the approach.
>Fragmentation
Fragmentation of social layers, liquidity, and yes interoperability. I just look at the way it's playing out on Ethereum and I don't see anything particularly appealing. It reminds me of internet gatekeeping platforms.

2024-08-01 12:50:32

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I just don't believe in decentralized sequencing. Nor do I believe you can trust DA layers. You are basically trusting other blockchains with new types of incentives. I haven't seen anything design that seems robust or sustainable. Most involve yet another token which is doomed to fail. Escape hatches are cool but they will be too expensive for just about anyone.
In this context, fragmentation is my biggest concern. I am ready to concede trust where needed (ex: I like ecash of course) but I prefer designs that optimize for market optionality (ie. cost of operating service provider is maximally low)

2024-08-01 12:39:57

Give this guy a follow Nostriches
I'm personally not a big fan of ZK as a scaling solution for Bitcoin but DVMs and zero-knowledge computation seems like a match made in heaven.
#note1wac…akqx

2024-07-30 20:04:51

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First time hearing about security cameras?

2024-07-20 17:53:46

sooooo who's the first Nostr client to integrate nuts in their wallets?

2024-07-15 15:14:23

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Seems to be a reoccurring pattern with him 😅
Builds cool stuff then gets jaded with it.
Hopefully he doesn't sour on Nostr the same way he seemed to with LN.

2024-07-15 14:41:57

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Indeed

2024-07-15 14:38:11

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Is there not a video of the guy basically yelling "slash the republicans throat"....?

2024-07-14 03:50:56

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Yep, today is a good demonstration that Twitter is still the place where history plays out in real time.

2024-07-14 03:43:18

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Le'ts enjoy it while it lasts 🥲

2024-07-14 03:37:51

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Well so I was just thinking, can I chart the follower count of someone using their npubs?

2024-07-14 02:33:22

Is anyone building a Nostr explorer?

2024-07-14 02:32:12

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Also bad marketing to position Nostr as social media ;)

2024-07-13 20:09:23

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have you ever tried selling gold jewelry though

2024-07-13 20:02:56

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Yeah this didn't come out exactly how I would've wanted to but yeah I do mean my "internet" day

2024-07-13 19:29:06

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You could simply auto-pilot "trusted mints" by taking a sample of mints used by your trusted contacts.
With enough time the market will price out the risks and find local equilibrium on social graph for every user.

2024-07-13 19:22:05

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I do see what you are saying here.

2024-07-13 18:53:54

The point where I open Primal to start the day off before Twitter is getting closer.
I can feel it.

2024-07-13 18:43:16

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We'll be talking about this in Nashville! And Riga!
I think you will understanding the "why" when it starts proliferating here on Nostr.

2024-07-11 20:25:39

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you mean ecash support ;)

2024-07-11 20:23:44

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yes please

2024-07-07 16:09:57

Most of my popular tweets lately have been about Nostr and ecash.
Lesson there.

2024-06-26 01:48:59

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I don't think zapping with Ark makes a lot of sense.
It's not exactly intended for high-velocity and cheap payments.
(Though it definitely supports them through Lightning)

2024-06-26 01:26:03

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What are Ark tokens?

2024-05-27 03:16:25

Ecash has given me a reason to be on Nostr.
It feels like a more intimate topic I can have a conversation about outside of the noise of Twitter.
For some reason it just feels right sharing my excitement here.
I can use the bird app for everything else.

2024-05-26 19:01:12

Financial consolidation is a fiat psyop.
Ecash can return banking back to its smallest common denominator.
Payments and the lower functions of finance will be completely commoditized. Interoperability and the absence of friction or barriers to entry will drive the market towards efficiency.
Where protocols attempt to eliminate trust, markets seek to align it.

2024-05-26 15:30:37

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It would be very surprising IMO

2024-05-25 15:59:48

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anonymity of your finances is one thing
you cannot operate in the world being anonymous ie. no identity because the world is based on trust (funny right)

2024-05-25 15:40:58

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what is there to engage with?
> tyranical lil mini dictatorships.
we already have tyranical dictatorships. Nostr is just an open standard. it opens reputation up and removes barriers to entry.
the alternative is the closed walled gardens we operate in already.
anonymity is a larp. you can’t have markets with anonymity

2024-05-25 14:38:48

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Everyone in the world already has IDs. They are catalogued in silo’d government servers. This leads to information asymmetry which is the bane of markets.
What if your preferred incentive? That everyone operates anonymously?

2024-05-25 01:54:45

Nostr is your economic memory
It will carry every information you might ever need to establish reputation on any market
It will work w/ every Bitcoin payment applications. It will leave its signature on every contract you participate in
It will change digital markets forever

2024-05-25 01:42:58

@npub1qny…95gx
One of the interesting observation about Boardwalk.cash I’ve shared with Bob is the idea that many users could fund a single mint and share backend costs.
This would potentially allow participants to share Lightning channels and distribute risk in an interesting way.
It’s not a federation, just multiparty funding with NWC
It’s also pretty interesting to consider that the interest from a margin long position could be user to fund the lightning channels
cc. @called 👁️⚡👁️ d

2024-05-20 14:53:33

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lol what

2024-05-20 00:35:01

@npub12rv…85vg @
ALL THE MINTS EVERYWHERE ALL AT ONCE
https://conduition.io/cryptography/ecash-dlc/

2023-09-28 14:17:00

gm
Bitcoin L2s without unilateral withdrawals are just financial services.

2023-09-14 16:07:49

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You can do pretty much anything. See this older article from Todd https://petertodd.org/2016/forced-soft-forks

2023-09-04 17:25:27

Ugh, I was hoping the Drivechains conversation didn't seep into Nostr

2023-04-10 05:11:48

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Community banking isn’t exactly a foreign concept..
I do agree at a certain scale it requires “professional” management of the mint but paying someone who’s outside the mint just falls back to regular custodial LN. Not exactly a UX pain

2023-04-10 04:58:09

Curious what Nostr thinks 🤔
A rare on-chain transaction every so often to open/close LN channels.
A dozen or two monthly LN transactions with select federated custodians services to update account balances (top-up/withdraw)
Everyday stuff just goes through the mints

2023-03-03 16:32:46

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I know it’s a common trope but Metcalfe’s law really has nothing to do with Bitcoin.
While they may be under-represented in the “community” (that loose concept we define as people at meetups or on Twitter) I see no strong evidence that this has any effect on slowing down Bitcoin’s general adoption 🤷🏻‍♂️

2023-03-03 15:02:01

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why is that a problem?
is anyone or anything stopping them from participating?

2023-03-03 14:53:38

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have you consulted with actual women who are bothered by this "problem"?

2023-02-18 11:17:50

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ugh. pass 😅

2023-02-18 10:59:23

Alright been slacking and have some catching up to do.
First how does one verify their nostr key/account?

2023-02-01 02:51:19

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Just grab the img link from your existing Twitter profile 😛