nico
Nico 🚨💀🚨

☕️ Designer, Creative technologist
🧡 Class of 2012 - always learning
🇬🇧 London

Public Key

npub1w4yfhvlemcl6q3j3n9kvvcgtqreye28mkw6zwpgz7fn64sj3ph0sw9quku

NIP-05 Address

nico@nostrich.id

NIP-57 Address

indigoshrimp1@primal.net

Profile Code

nprofile1qqs82jymk0uau0aqgegejmxxvy9spujv4ram8dp8q5p0yea2cfgsmhcpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgvwaehxw309a38yc3wd9hs6qv3al

Publishing to

relay.primal.net

brb.io

relay.nostr.info

Author Public Key

npub1w4yfhvlemcl6q3j3n9kvvcgtqreye28mkw6zwpgz7fn64sj3ph0sw9quku

Show more details

Last Notes

2024-08-27 20:32:00

Getting this error sending a zap on @npub12vk…pugg - any ideas what is the issue?
‘The receiving wallet returned an error: invalid user name’

2024-08-27 20:18:30

My kids got bitcoin so quickly - I think one of the traits needed to cross the chasm is a child like curiosity

2024-08-27 06:06:50

UK bitcoiners are all in on MSTR. Come for the stash, stay for the accumulation. Also we don’t have etf yet so we just had to.

2024-08-26 19:41:12

Before summer a lot of nostr content was also posted on x. Now most of it is Nostr only which completely changes the value of that growing network.

2024-08-26 08:44:57

Is there a good instagram replacement built on nostr? Is it just potentially a different viewer for notes or something different?

2024-08-25 21:08:25

It feels good here.

2024-08-25 13:58:10

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Interesting - another option is to price in m3 to try and normalize. Even priced in oil, one OPEC meeting would be enough to break any model.

2024-08-24 21:05:11

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Good luck fitting to this 😅
https://m.primal.net/KLKs.jpg

2024-08-24 21:01:26

Did you notice bitcoin price models are always for BTCUSD? All models will fail because BTCUSD is measured in fiat which is controlled by small group of humans with their own incentives.
A one time devaluation for example would break the models.
We don’t see power law fitted to BTCX where X is a weaker currency like Lebanese pound.
The rate to trust is BTCBTC = 1.

2024-08-10 09:02:25

https://m.primal.net/JueK.jpg

2024-06-30 17:42:01

Why is every supermarket always out of parchment paper? We need to ramp up production 😂

2024-06-16 09:57:14

Happy Sunday ☀️ 📖 ✊ https://image.nostr.build/acb49ea589e49daf59e618bd044b135e0b7a6672a3052ba945d043dbecdd9719.jpg

2024-05-17 06:47:46

Debt to GDP as core metric is already looking bad in most countries but seems very misleading. For a household you would take all debt (liabilities) vs income. For a mortgage here is an example guideline for DTI (debt to income):
100% or higher DTI - these prospective borrowers represent a huge risk and do not show an ability to make regular mortgage payments. Almost all lenders will reject an application in this instance.
75% to 99% DTI - borrowers who are very high risk. A select few specialist lenders will be willing to look at the application and make a positive decision where other factors are given more weight, such as credit score and a clean credit history or substantial deposit.
50% to 74% DTI - high risk borrowers. Some specialist lenders are willing to accept applications at this level, but terms are less favourable and larger deposits are required.
40% to 49% DTI - moderate risk borrowers. Specialist lenders will want to see good credit history and may ask for larger deposits.
30% to 39% DTI - acceptable risk. Most specialist lenders will offer a mortgage at this level at standard terms.
20% to 29% DTI - good borrower. Almost all lenders are happy to approve mortgage applications at this level.
0% to 19% DTI - very low risk borrower. All lenders will consider an application
Now let’s look at US as a virtual household:
Gov income is not (yet) 100% of GDP! More like 17%. So 25.4 * 0.17 = 4.3T
Total liabilities are more like 100T, this is current and future outgoings the gov has committed to even though not all of it is funded - which doesn’t mean the liability magically goes away. Current low estimate for this is 100T.
So the debt to income ratio is about 23.2 or 2300%.
Buying gov bonds is like financing a mortgage for that household.
You know how this ends 🟠.

2024-04-20 16:48:13

https://youtu.be/ETxmCCsMoD0?si=iXPZvDrXLJB9z6Iu

2024-03-28 09:27:42

Argh… UK is soooo not getting this and keep braking on all 4 for the past 10 years, missing the biggest opportunity of all time to become the new center of modern finance.
- avail to HNW / accredited investors only
- not SPOT !!! Paper bitcoin 💩
- also approved ETH etn, not protecting investors from exposure to a scammy unregistered security
https://www.forbes.com/sites/digital-assets/2024/03/28/london-stock-exchange-bitcoin-etns-edge-towards-market-demand-response/

2024-03-14 12:55:35

Proper link this time - t-30 https://x.com/spacex/status/1765037578343121372?s=46&t=Meq1xhH1dVb1i9ZvdoQjAg

2024-03-14 12:50:07

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Actual launch is in 30 mins broadcast starting soon

2024-03-14 12:49:43

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So so sorry this was a scam link ! Fake spacex channel w 400k subscribers and YouTube not taking it down 😤

2024-03-14 12:20:45

T minus 4mins https://www.youtube.com/live/vhP--YgvZ7w?si=m0Y96quxce4-SUAy

2024-03-14 07:36:18

@npub12vk…pugg why does your lightning wallet activation require PII like email, country and DOB ?

2024-03-11 14:42:05

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Smash buy on weekend, dry up the OTC desks, build up huge price gap for ETF Monday open, ETF fomo, BTC ngu, MSTR ngu, raise debt or sell stock, repeat.

2024-03-11 12:03:58

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Confirmed “MicroStrategy has acquired an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477 per #bitcoin. As of 3/10/24, $MSTR hodls 205,000 $BTC acquired for ~$6.91B at average price of $33,706 per bitcoin.”

2024-03-11 11:56:27

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They smashed the buy button already 🤣
“MicroStrategy used the net proceeds from the sale of the notes to acquire additional bitcoin.”

2024-03-11 08:36:52

As soon as the 4y price cycle model is being accepted more broadly it will be broken since everyone will start to front run it. That would explain why we are already making ATHs. What happens when we start to front run ♾️/ 21M ?

2024-03-09 09:38:08

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🔥

2024-03-08 08:40:35

Bitcoin return last 10y+ are face melting but also totally comparable to returns from a successful startup investment from seed to IPO (for bitcoin, basically from pizza day to the ETF).
From now the baseline is now the “IPO” price (45k) and TAM is a one quadrillion SOV market, of which BTC currently has about 0.1% market share. Public companies have done 10, 100, 1000x from their IPO prices (eg market share going from 0,1 to 1 to 10 to 50%+ saturation) so not breaking new ground in that sense but doing so with the largest market of all.
Only by accepting the enormity and binary aspect of the endgame (the number zero or a number with 6+ zeroes) is someone able to overcome the ‘being too late’ mental block, overcome their ego and jump in.

2024-03-07 09:40:18

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Ideas > Opinions

2024-03-06 19:05:06

Fiat is the volatile asset.

2024-03-06 16:54:57

Fiat rug pull in Egypt today https://image.nostr.build/267efd5088f25dc0fbac07d9236821e035593d2c44ea3b0b6e36b8fb6010aa11.png

2024-03-03 10:22:06

🚁 💰 https://www.theguardian.com/politics/2024/mar/02/tory-peer-calls-for-10000-citizens-inheritance-for-all-30-year-olds

2024-03-02 21:39:10

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🤣🎯

2024-03-01 07:48:09

Fiat is IOUs backed by the promise of future IOUs paid in those same IOU units. After 10+ year trying to ‘understand’ it that is the best way I can describe it and it still doesn’t make sense 🤣

2024-02-29 07:53:44

When you press ❤️ to see who liked a note and you end up liking your own note and can’t undo 😳 @npub12vk…pugg
Awesome client overall !

2024-02-28 21:17:18

@npub1cj8…rz4u @npub12rv…85vg your podcast on ecash / cashu is amazing 🤯🤩👍

2024-02-28 14:01:34

This is right outside the LSE (London school of economics) building 😉 https://image.nostr.build/c428411676bd6680d4bf52901706d0df1658a67c71492738b1a89cd45d9004fe.jpg

2024-02-23 17:01:00

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🎯 https://satsymbol.org

2024-02-23 16:49:35

From Satoshi / Malmi email archive
(…) My choice for the number of coins and distribution schedule was an
educated guess. It was a difficult choice, because once the network is
going it's locked in and we're stuck with it. I wanted to pick
something that would make prices similar to existing currencies, but
without knowing the future, that's very hard. I ended up picking
something in the middle. If Bitcoin remains a small niche, it'll be
worth less per unit than existing currencies. If you imagine it being
used for some fraction of world commerce, then there's only going to be
21 million coins for the whole world, so it would be worth much more per
unit. Values are 64-bit integers with 8 decimal places, so 1 coin is
represented internally as 100000000. There's plenty of granularity if
typical prices become small. For example, if 0.001 is worth 1 Euro,
then it might be easier to change where the decimal point is displayed,
so if you had 1 Bitcoin it's now displayed as 1000, and 0.001 is
displayed as 1.

2024-01-27 14:51:58

Wired magazine in 2024 still without basic understanding of the bitcoin time chain 🤦‍♂️ congrats @npub14mc…frlx for great coverage though! https://image.nostr.build/916fa6e1cbd2b541a380b31b15d5651cd6396bafb35fb33dc9abd688df39470f.jpg

2024-01-27 12:31:38

US corps will indirectly begin ‘buying’ massive amounts of BTC via combination of 401k matching & ETFs - contributing to the speculative attack on fiat 😂

2024-01-27 08:35:59

Bitcoin is more than twice the age of the Euro on genesis day.

2024-01-12 18:51:31

Reverse god candle > dog candle ? 😂

2024-01-12 08:37:40

🍿 https://blockworks.co/bitcoin-etf

2024-01-03 10:29:24

https://image.nostr.build/0e6221cc13f4accf893b9292e00dcf8d978bf635a727c1100035c6e62b56c695.jpg

2023-12-17 09:27:56

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In a nutshell - how do you transfer ownership of an unspendable utxo ?

2023-12-17 09:25:51

Is there a graph showing global percentage and total value of utxos which have become unspendable eg tx fees > market value ? Is that about to become a massive issue if tx fees go x10 or x100 and opening lightning channel becomes prohibitive ?
Would there be a way to transform / mint them into bearer instruments ? Does cashu / fedimint possibly help there ? Could a custodian issue physical notes backed by real but unspendable utxos?
If the minting has a tx cost then it’s time sensitive to mint before minting cost exceeds utxo value.

2023-08-31 05:07:36

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On that road we had to wave them goodbye. https://cdn.nostr.build/i/403cab575775fe2a3f74de51e4f3c128a62a1bd4f6ccffb18b9b13edb9ac9bd4.jpg

2023-08-31 04:58:41

It’s all about the journey https://cdn.nostr.build/i/98ec18c5c93eeda0e773324772980f6168819db7cf6d236fbd8acd859fd0c2e5.jpg

2023-08-29 07:27:54

Is this the only community with a positive outlook on the future and a non-coercive plan to get there?

2023-08-29 07:20:13

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Posted from freefrom - loving the early bird vibes.

2023-08-29 07:19:09

Car Insurance premium for my car just went up 60% for no reason. Apparently this is uk wide with increases from 40 to 100% and over yoy.

2023-07-29 09:58:36

Turing, Shannon, Wolfram

2023-07-28 19:11:57

https://imgflip.com/i/7u28xx

2023-07-26 07:07:04

Owning ETF is actually 2 layers of custody - first IOU from the broker (there are no ETF physician bearer instruments afaik), then IOU for actual BTC (not necessarily redeemable). Maybe we should have language / scientific terms for the degree of actual ownership.

2023-07-26 06:57:10

https://arxiv.org/abs/2307.12008 👀

2023-05-13 08:55:03

US Debt ceiling soon to be raised … for the 79th time.

2023-04-13 20:14:49

New academic paper from UCL 🇬🇧 on bitcoin mining
“Takeaways
Bitcoin mining displays a promising, though not yet entirely confirmed, potential to support renewable energy penetration. This is relevant as it shows a tool that may be of aid toward grid decarbonization.”
https://arxiv.org/pdf/2304.04578.pdf

2023-03-28 08:05:44

🤣 https://nostr.build/i/nostr.build_3f629be341c6f6beed98cc0869b98ca7616a692b5c2f64cf3a6b3eb934e8b050.jpg

2023-03-26 10:00:02

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💸 TLDR it’s the bank’s problems to make sure they can instantly conjure the actual money matching these IOUs. Leveraged banks + fednow > Faster bank runs + larger bailouts ?
“$Step 8: Funds availability and notification to customer: As a term of participation in the FedNow Service, the Federal Reserve Banks anticipate requiring the Receiver FI to make funds available to the recipient immediately after step 7.”
“Liquidity Management
FIs that send credit transfers or provide settlement services in the FedNow Service will need a strategy to maintain liquidity for instant payments. As with settlement, this may involve either making internal adjustments, sourcing liquidity from the Discount Window, another Fl or via a correspondent.“
“Making Funds Available Immediately
As noted, participant FIs will be expected to make funds available immediately following receipt of an advice of credit. Under Regulation J and Operating Circular 8, this means that a Receiver Fl is required to make funds available as soon as is practicable and no more than a few seconds after receipt of an advice, with one exception (see Understanding Accept Without Posting below). The Federal Reserve Banks will not prescribe how Fis should make the funds available to their customers from an operational standpoint. A participant FI could meet the availability standard, for example, by memo-posting (where the funds are not yet posted but the funds are included in the customers' balance) or by opting to post the funds to a customer account directly, so long as the funds are available for their customer to use.”
“Liquidity Expectations
There are a few key points to keep in mind when thinking about liquidity management and the FedNow Service:
• FedNow participants or their correspondents will be expected to maintain balances in their master accounts to settle FedNow transactions, consistent with the Federal Reserve's Policy on Payment System Risk.
• Participants should not expect the FedNow Service, at initial launch, to reject payments based on a participant's insufficient balance or overdraft capacity, even if the Federal Reserve Banks do so for other services. However, standard intra-day and overnight overdraft fees will apply.
• The Federal Reserve Banks do not intend to open the Discount Window outside of standard hours. During its business day, the Federal Reserve Banks will provide intra-day credit to FedNow participants under the same terms and conditions as its other services.”

2023-03-26 09:56:38

Fednow “white paper” https://explore.fednow.org/resources/customer-readiness-guide.pdf

2023-03-25 09:17:00

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Bon week-end à tous et toutes les nostruches francophones 🧡💜

2023-03-25 09:14:27

In before the AGIs

2023-03-24 08:58:25

Can’t wait for greenpeace to start their PR roadshow with this insanely cool Bitcoin skull ahahah🚨💀🚨

2023-03-24 07:51:27

Priceless: Ripple accidentally funding one of the best paid marketing and education campaign to date for Bitcoin as a green technology🚨💀🚨🤣

2023-03-20 15:45:44

https://nostr.build/i/nostr.build_782a8ab16ac374737044896be452d51a5f22bd72b7c23fa95f4c23c5657599d4.jpg

2023-03-17 11:06:56

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They have scope to “inject” up to 2T. So that’s about 90M BTC - not available - or put another way 2M BTC at 1M a pop 🧐 that’s one country one year, now I will stop before talking quadrillion 🤣

2023-03-17 08:57:03

The fed just printed 13M bitcoin … since Friday. Few.

2023-03-09 07:41:00

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👀

2023-03-08 20:37:34

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Excellent read. This would make a great disaster movie.

2023-03-07 08:12:13

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👊 Since 2012… but more like on and on 😂 and still learning - if anything I feel I am learning more and more bit on a stronger foundation and clearer mind.

2023-03-07 08:10:18

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Would you not say that values and ethics are what really count in the end, regardless of someones faith or different beliefs? Values don’t have to come from religion, not all have, many have in the past, while not only positive values come from it. All can come from other sources and life experiences.
Shared values around defending civil rights by making tools are building a sense of community on nostr.
Great book centered on dynamic value: Lila by Robert Pirsig.

2023-03-04 18:09:17

Just logged to badges.page on iOS safari using nostore extension to sign in. Both were only released today⚡️

2023-03-04 11:53:35

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I just broadcasted this on a satellite, instantly and for the cost of 1sat 🤯

2023-03-04 10:11:42

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Should have said ‘rarely an issue’ - censorship does exist and is growing and resistance to it the most important attribute to protect.

2023-03-04 10:10:06

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Thanks all good points! I do wonder if switching is usually more incentivized for positive reasons (eg easier / faster / better) than for avoiding a possible negative (censorship - which for all compsci or Eng research areas I follow is not an issue).
Perhaps markdown notes, with media hosted on servers / relays run by research groups / institutions are an interesting entry point.
Then when jacks bounty is attained, decentralized GitHub over nostr.

2023-03-04 09:48:15

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What are good options for paper publishing ? Needs more than markdown - usually latex / pdf, images / videos and code for starters.

2023-03-04 09:46:56

How do we get research community on nostr? If some are on mastodon what are incentives for them to switch network?
public global research 🤝 public global protocol

2023-03-03 20:18:01

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Remember when so many people thought AOL was just like the internet? We have 20k AOLs in the space…

2023-03-03 20:15:42

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Bitcoin is the answer to a question most people have never asked or even considered. If we reach mass adoption many will still not know or question it, they will just use it.

2023-02-26 20:44:09

Sundays😋 https://nostr.build/i/nostr.build_12ddcf781053f7b4a4dad49d8ef926b9d555ed50b52d2d7e76ded7e9987d116f.jpeg

2023-02-19 03:58:35

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Welcome! ⚡️💜

2023-02-18 20:04:28

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Yep all received - zaps showing on my post in #[2] but not #[3] for some reason

2023-02-18 19:12:37

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Many thanks for the zappers - pls don’t send more no idea where they are going 🤣

2023-02-18 19:11:31

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Uh oh zero sats in my #[1] wallet or showing on the post… where did they go?

2023-02-18 19:06:39

Setup my lnurl with #[0] so I can receive zaps I think 😁⚡️Would a generous nostrich kindly zap me a sat for testing?

2023-02-18 18:15:13

We need zaps for the physical world - tipping just broken w cash going away

2023-02-18 18:07:34

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Cypherpunks were the digital human rights OGs
https://www.activism.net/cypherpunk/manifesto.html

2023-02-18 18:05:49

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Fab piece from #[2]
https://anitaposch.com/bitcoin-enforces-human-rights

2023-02-18 17:58:52

Something tells me this year is going to be pretty special ⚡️💜

2023-02-18 17:57:23

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At some point could Damus just detect noteids, npubs, relay urls etc by parsing the note and turn them into links?

2023-02-18 17:51:40

https://nostr.build/i/nostr.build_544a7359879ab5f5e9f0ed3cdcc6c1760c7122172300989e0404348b1bee8952.jpeg
Image credit @level39

2023-02-18 17:04:58

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NoIP

2023-02-17 01:51:35

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should clients just disable that by default?

2023-02-16 02:08:00

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Welcome ⚡️

2023-02-11 22:15:16

Zaps w deflationary money are truly special as even small donations grow to be large given enough time.

2023-02-11 22:03:45

Penny finally dropping? One is not like the others…
https://nostr.build/i/nostr.build_706c382a54ddae7b19c754ee4d63062bef8e570e3889f79901cd9d88de2b2fda.jpeg

2023-02-11 10:16:09

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Yep I sent 1000 with WOS. Was expecting the zap icon to show count / amount but maybe that’s a future update ?

2023-02-11 07:49:38

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Did you get my zap ⚡️? Not showing in the zap count for me

2023-02-11 07:41:22

”Bitcoin risks have not materialized” 🤣
Https://www.reuters.com/business/finance/imf-says-el-salvadors-bitcoin-risks-have-not-materialized-should-be-addressed-2023-02-11/

2023-02-10 08:31:59

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Now he just needs to make a similar video on the fed fiat ‘tokens’ and banks ‘staking’ 🤣

2023-02-10 08:29:50

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He actually says ‘not your keys not your crypto’ in the video - progress 🤘