waynevaughan
Wayne

#bitcoin

Public Key

npub1t8ggkas3xk8vk3euv0x5rnw29t9885v38cxq2vj4gtdg2y9h2g4qzjuwwd

NIP-05 Address

waynevaughan@NostrVerified.com

Profile Code

nprofile1qqs9n5ytwcgntrktgu7x8n2peh9z4jnn6xgnurq9xf259k59zzm4y2sprpmhxue69uhhyetvv9ujumn0wdmksetjv5hxxmmdqyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueqlw86up

Publishing to

relay.noswhere.com

relay.nostr.band

Author Public Key

npub1t8ggkas3xk8vk3euv0x5rnw29t9885v38cxq2vj4gtdg2y9h2g4qzjuwwd

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Last Notes

2024-09-17 22:10:16

Many people mistakenly believe that Proof of Work gives Bitcoin its value or that Bitcoin is "digital energy." This is not accurate. Proof of Work does three things:
1) Proof of work lets each node in a decentralized network independently determine which new block gets added to the Bitcoin blockchain.
2) PoW lets each node in the network independently verify the integrity of the blockchain.
3) PoW makes it prohibitively expensive for a bad actor to falsify the history of valid bitcoin transactions.
That’s all PoW does. It does not store energy. It does not digitize energy. It does not give Bitcoin its value.
Proof of Work provides a strong, mathematically verifiable signal that others value Bitcoin, as they are willing to expend a tremendous amount of energy to find the next block.
Ultimately, Bitcoin's value comes from the belief that others will accept Bitcoin as payment for scarce resources.
It’s that simple.

2024-08-27 16:53:35

I wonder how many in the Nostr community know about Groove Networks and the P2P wave of the late '90s and early 2000s.

2024-07-25 18:39:29

Stopped by the Damus booth at the Bitcoin Conference and got a demo of the new client. It was 🔥

2024-05-09 16:51:43

This is huge. Yuuuge! https://video.nostr.build/51d019c449a53e960a0edf14beecd888c2d68621842f20e55321450b79eb84a1.mp4

2024-05-08 15:39:47

Junseth is the GOAT.
https://x.com/verysmallclaims/status/1787950799202468147?s=46&t=GLKsGL6JsN8ZBADQPtzZFg

2024-05-01 01:20:22

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Terry Black’s BBQ

2024-04-20 01:55:02

Halved

2024-04-10 16:37:56

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Would ARK be giving funds directly to developers or going through an intermediary like Brink?

2024-01-31 22:20:41

Headed to Dubai for Bitcoin Davos.

2024-01-01 20:18:30

Happy New Year. May 2024 be the best year yet for Bitcoin.

2023-12-25 16:20:11

My favorite Christmas gift is a mug with the Bitcoin logo smashing the Federal Reserve! https://image.nostr.build/76e672c7c4ee9daf15fa764918678dca07f0b8f0597804b853a1f3d38d8a6dde.jpg

2023-11-07 15:48:55

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The UAW does not approve. Automobiles must be created in a manner that maximizes the utilization of union labor.

2023-09-02 16:48:07

Drivechain for Nostr 🤣

2023-07-05 16:17:04

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Peace and freedom trump status.

2023-07-01 18:18:35

Are ya’ll still here?

2023-05-28 16:46:28

Memorial Day weekend on Lake Austin. https://nostr.build/i/953b912242c2cf4f1d686e40ebf63c721767790ffd8353c45ac4087ecdd81269.jpg

2023-05-20 23:25:19

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It’s a mistake. The correct price is $299.

2023-04-09 15:42:27

Perhaps we need a Bitcoin holiday where the Honey Badger brings sats to the children of the world. Giving candy to kids worked for Easter. 🐰

2023-04-04 17:37:54

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You were off by one letter in your username. What a shame. 🤣
NVK > NDK

2023-03-22 15:39:45

Has anyone written a good summary of the Nostrica conference?

2023-03-20 14:41:26

Wishing I was at Nostrica. Here’s video of the event. https://www.youtube.com/live/2NueacYJovA?feature=share

2023-03-19 19:49:56

Imagine if Bitcoin existed during the Occupy Wall Street movement.
We’re about to find out what happens when the banking system is stressed and people can move some of their capital outside the fiat banking system.

2023-03-18 01:39:36

I love how the government executes Operation Chokepoint 2.0 and Bitcoin shoots above $27,000. Elizabeth Warren must be having a conniption.

2023-03-10 16:36:42

Stop voting for Democrats that are openly against #Bitcoin https://twitter.com/bitcoinmagazine/status/1633933119920168965?s=46&t=GLKsGL6JsN8ZBADQPtzZFg

2023-03-06 13:54:47

Binance tried to hire Gary Gensler! Imagine how the world would be different if they had successfully recruited him.
https://unchainedcrypto.com/binance-tried-to-hire-sec-chair-gary-gensler-in-2018-report/

2023-02-26 16:41:16

My global feed is no longer filled with Chinese porn spam. Did relays implement some type of spam filtering?

2023-02-26 13:08:30

Test to see how mentions work on Damus.
#[0]
#[1]
https://youtu.be/X4wS12PRFXo

2023-02-26 12:57:04

It’s great seeing Nostr being discussed by a mainstream media outlet.
https://youtu.be/X4wS12PRFXo

2023-02-23 02:05:19

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Not me.

2023-02-22 20:34:24

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Have you ever thought about posting content to Nostr that required a lightning payment to view?

2023-02-21 04:37:46

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52 mins of TikTok!

2023-02-21 04:36:35

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Most importantly, no government can force Nostr to shut down or censor content. They can go after one relay, but they won’t get them all!

2023-02-21 03:08:23

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Welcome to Nostr

2023-02-20 13:46:06

Traditionally, content is published to a single web server and it gets cached by a CDN. Nostr flips this on its head. Content is first broadcast to a CDN (relays) and then servers can chose to store content they deem important.
This broadcast first approach is perhaps the most interesting aspect of Nostr. It makes censorship hard. You can’t ban an account. You can’t stop someone from running a relay.

2023-02-20 05:13:30

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Ordinals are a bubble within a bubble wrapped in a ponzi. Charlie Munger has his first raging boner in 50 years.

2023-02-19 19:30:30

Senator Elizabeth Warren is introducing a bill that could cripple Nostr. It would require Bitcoin node operators and lightning node operators to register with FinCen and implement a KYC/AML program.
https://www.coindesk.com/consensus-magazine/2023/02/15/4-reasons-why-lawmakers-shouldnt-back-sen-warrens-latest-crypto-bill/

2023-02-18 15:04:05

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Have you thought of a way to create a market for relays? Imagine a user specifies they are willing to pay 1000 sats annually for relay access. Their app automatically connects to the marketplace, gets a list of relays, checks their prices and specifications, and subscribes to a set of relays. This approach has many pitfalls, but it could offer a better user experience than having users manually select and pay for each relay.

2023-02-18 14:54:35

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I’ve seen this chart used to justify wealth taxes. The thinking is that excess printed money inflated asset values and the government needs to tax those assets to reclaim the money and reduce the debt.

2023-02-18 03:07:40

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Looks like no.

2023-02-18 03:07:28

Testing to see if Damus supports markdown
# H1
## H2
### H3

2023-02-18 02:57:04

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AdWords for Nostr.

2023-02-17 19:18:36

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Most importantly, zaps offer an alternative to advertising.

2023-02-17 01:37:36

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How much data will a Nostr relay accrue annually? Do we have any good estimates? It seems expensive to keep everything forever.

2023-02-17 01:33:53

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I’m still seeing a 404 as well. I hope this is real. The 2024 election is gonna be lit!

2023-02-16 14:48:00

PPI is in. Inflation is still hotter than estimated. That means rates are going higher for longer. More pain ahead.
PPI 0.7% MoM, est. 0.4%, Last -0.4%
PPI 6.0% YoY, est. 5.4%, prior 6.2%

2023-02-15 19:52:23

Twitter is down. Nostr is still working. Nice.

2023-02-12 01:56:13

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URL shorteners are relatively simple. Relays could offer the service to paid clients.

2023-02-11 14:32:33

Is everyone reporting their capital gains and losses to the IRS from all this zapping? 🤔

2023-02-11 14:31:21

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I learn more from listening to Bitcoin.Review than attending a Bitcoin meetup. More signal, less noise.

2023-02-09 00:02:21

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Not yet. Client are very light. Under the current model, you should run a relay if you want a back up of all your data.

2023-02-05 03:56:53

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I have similar feelings. Nostr could be huge. https://damus.io/note1hvnvctuu0au088mp8t0euf09zm7dhwn78xr0n69dly6tmd8unfzqj99qln

2023-02-04 00:20:57

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Gary Gensler and Janet Yellen are gonna be pissed!

2023-02-01 02:32:57

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Seems to be working well so far.

2023-02-01 00:10:27

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Congratulations on getting the app approved.

2023-01-29 16:43:51

@#[0] Verifying My Public Key: "waynevaughan"