Last Notes
Someone needs to talk to Cory Doctorow…
“Bluesky lacks the one federated feature that is absolutely necessary for me to trust it: the ability to leave Bluesky and go to another host and continue to talk to the people I've entered into community with there. While there are many independently maintained servers that provide services to Bluesky and its users, there is only one Bluesky server. A federation of multiple servers, each a peer to the other, has been on Bluesky's roadmap for as long as I've been following it, but they haven't (yet) delivered it.” #note1lzt…h8zy
This might be the season finale photo but the weather is still holding. https://image.nostr.build/d411f1dfcc2746d66742a9e2ff0acb05cd14d3b97d40a6380e9a8dce73681a24.jpg
#OffRoadQueen https://images2.imgbox.com/a1/25/j0UPeq7K_o.jpg
Block 870608
6 - high priority
5 - medium priority
4 - low priority
2 - no priority
1 - purging
#bitcoinfees #mempool
👉 🤳 Follow #FunnyAnimals 🐾 https://images2.imgbox.com/4d/c2/2wIAPYB2_o.gif #Animals #FunnyAnimals #NostrAnimals
#TailChaser 🐕🦺🐾 https://images2.imgbox.com/79/40/XX10dkx8_o.jpg
Nostr is in a completely different realm than the other social media apps/protocos. The other apps feel like being in a big loud popular restaurant while nostr feels like you’re on the outside build on a new frontier.
My gut feeling is that someone is going to realize that note/zap relayed transactions are completely unstoppable and will start building an entirely new infrastructure based on the protocol.
I disagree. And also think that it would be the worst thing possible to dump more money into nostr from douchey VC types.
#Bitcoin non sfida il denaro fiat, ma si eleva come il miglior deposito di valore. #StudiaBitcoin #Bitcoin #Italia #Lutxo
They have one decentralized server…
No disrespect to our lovely nostr advocates and marketers - how might nostr hire the BlueScam chief of marketing?
BlueScam marketer:
-convinced millions of people to leave corporation X for corporation Y
-convinced them to accept equal or worse censorship than that of X
-convinced VCs to pump $23m in something that is a complex version of a SQL database
Nostr would benefit to attract this level of (dare I say psy-op) level of talent.
cc @npub10pe…n34f @npub180c…h6w6 @npub1xts…kk5s @npub1njs…7fqx @npub1wmr…g240
We are just now getting relay communities and implementing outboxes. We are not yet ready for prime time.
We're building something more complex, than they are. They've basically just got one server.
testing zaps, please stand by
https://images2.imgbox.com/79/38/Wnc85YZe_o.jpg #BestFren #dogstr
https://images2.imgbox.com/cb/43/ASNUsqzJ_o.gif #Animals #FunnyAnimals #NostrAnimals
Wow. You can watch Bluesky user numbers climb on this website.
https://bcounter.nat.vg/
https://images2.imgbox.com/9c/5c/VuPZ61Qd_o.jpg #NostrBestDogs #dogstr
https://images2.imgbox.com/1a/f6/MoLZCfEB_o.gif #Animals #FunnyAnimals #NostrAnimals
#RockCrawling https://images2.imgbox.com/06/8c/FIxO5j02_o.jpg
Very cool use case for zaps. #note1m4y…0m0p
Very cool.
It’s a njump.me link to an event which you scan via your camera app; it asks to open to your default app, which hopefully you can zap from.
I also tried directly from a Lightning wallet, it got confused. We may need to standardize something so that Lightning wallets can zap directly without going into a #nostr app. Easy to do, I’ve done it via #nostr #safebox command line - zap event - now need to make it standardized for all Lightning wallets.
I can see the potential for a real-time zap leaderboard at an event where the zaps and comments show up in real time.
Another use case, only made possible by nostr zaps. #note1cq5…4fua
https://images2.imgbox.com/22/25/bkdCkvJ2_o.jpg #Freedog🐾 #dogstr
🔥 Couldn't have described it better myself!
I echo your sentiments in spirit but not yet in practice. We’ve let LinkedIn become the platform it’s become; yes, move away from it. It will burn itself down eventually.
Already, everyone self-censors in positive business-speak. Anyone who falls outside that guardrail gets shadow-banned.
Have to say I agree. It’s a cesspit of desperation mixed with ego. Do not copy anything from LinkedIn. A NOSTR jobsboard would probably be enough.
"...the users didn’t know what they wanted, because they were not aware of the possibilities to begin with."
This is a deep insight Tim. After spending time in the corporate UX world and getting lost in all the jargon and buzzwords, I’ve realized what really matters is just getting the tools into people’s hands. They’ll figure out what they need, what works, and often come up with ideas that would never see.
The badge thing is really cool. I was playing around with it a year ago but now focused on payments. This could evolve to everyone being able to issue verifiable credentials and you decide based on your web of trust if you will honour the credential.
None.
I’d like to see LinkedIn burn in a fire. It’s has zero redeeming features that the free market can’t provide without the backing of Microsoft.
Fuck LinkedIn. It’s an absolute shithole. It should be the first thing we all get off and we don’t need a replacement.
What are the features of LinkedIn you would like to bring to nostr? I see:
* Skill endorsements!
* CV: When did they work for whom in which position? It would be great to have a dedicated event kind for that, to make it machine readable. Although with LLMs, it can probably be distilled from their posts cheaply, soon.
* Skill Assessment ... used to be a thing. TIL it was removed almost a year ago. As it was based on tests you did in the browser, it's probably trivial to cheat especially with LLMs. But still, if some school attests to some skills of mine, they should give me a nostr badge.
https://images2.imgbox.com/1e/dd/VMMahACb_o.gif #Animals #FunnyAnimals #NostrAnimals
Start your engine and your day with style. Who’s cruising with me? 💖🔥 #MorningCruise #LifeInTheFastLane #GM #Vera 🏁
There are other ways to build, too. For example, I am really lousy at community outreach and I have people that excel in that department, so we are working together to build a local community.
No. I will bellyache until someone capable of building builds what I am not capable of building.
Friendly reminder that LinkedIn contacts are not your contacts. Tried to connect someone via LinkedIn at a meetup but we were both forced to upgrade.(we did not). We connected via #nostr instead (I onboarded him)
if you think all the problems of society come from one specific group of parasitic organisms yet you don't recognise that parasitism is through and through the universe and the only real defense is called "immunity"
you are a very sad person
going at them with the bug spray is far less effective than understanding their DNA and crafting a set of techniques and policies to starve and exclude the parasites from the to and fro
sometimes even you get far more results by building systems that simply don't benefit parasites, a great example of that is Bitcoin, Bittorrent, truly genius inventions of antiparasitic technology
Where I got turned off by ‘user-centric’ design is when it got taken over by the self-appointed muses who claimed they only, with their deep knowledge, could discern the needs of the users. ‘Techno-barbarians need not apply!’
My contention was always - the users didn’t know what they wanted, because they were not aware of the possibilities to begin with. They were always asking for ‘faster horses’.
https://images2.imgbox.com/df/ab/hY8ySO10_o.jpg #NostrBestDogs #dogstr
Amir Taaki on how the sci-fi UIs we saw in movies never became a reality. Instead, we got ugly apps, material design, and the idea that UIs should be dumbed down for users.
https://m.primal.net/MXul.mp4
Totally excited that I got an instance of ditto up and running. Even more excited that I can use the relay as the backend for #nostr #safebox
But I still need help to grok how I can use this to make a real difference for a community. Advice, examples, most welcome! Plus, on a more technical note, I need to know how to configure to relay NIP-17 messages. #asknostr
https://ditto.openbalance.app/
Sats for a drone equipped with bombs? I’ll make it rain fire... https://images2.imgbox.com/be/cf/EO0K5QIO_o.jpg
👉 🤳 Follow #FunnyAnimals 🐾 https://images2.imgbox.com/04/65/h3JnceCM_o.gif #Animals #FunnyAnimals #NostrAnimals
Yep. The central banks being in league with the banks is not the case. In many ways, they are adversaries. In the US, there is no central bank, just a bargain between the government and a collection of private banks.
I bet that scenario will play out very differently whether Trudeau or Polievre (not me haha) get elected!
Exactly that is why whenever the EU has come out talking about CBDC's, they insist so much that their spyware (it's a lot worse than spyware -- we should call it "totali-ware" but I digress) will be distributed through commercial banks, never directly to the serfs' personal wallets.
IMO, the Eurobureaucracy, being the avant-garde of the globalist conspiracy, has become so emboldened these years that they are truly intent on betraying their bankster cronies, once technology makes them obsolete. They're just biding their time because probably they can't go it solo for now.
Nothing is official until the money comes through!
Well, it came through! 🙏🤝
Official announcement coming soon!
Brazil is launching a CBDC that can only be held by banks, and citizens will get tokens (tokenized real) that every CBDC holder can issue. So citizens cannot use CBDC to escape banks.
BTW, the banks (not the central banks) hate the M0 layer (banknotes), because it forces them to hold dirty cash in their safes and convert their liabilities (M1) into M0 which can be used outside their payment system. Banks also hate CBDCs because it disintermediates people from their systems, and enables people to be direct deposit holders of with the central bank.
I was never a fan of CBDCs, but CBDCs still could be the lesser evil to the existing payment systems. I have always been aware that opposition to CBDCs could play into something far worse, total surveillance payment systems.
Fortunately, we have the exit option of bitcoin, and I firmly believe we can build a universal payment system using Lightning and ecash. This will make CBDCs, stablecoins, and eventually all fiat currencies moot. #note16aw…thwm
Embracing my #OffroadBeauty today! 🌸🚗 #Jeepstr o||||||o https://images2.imgbox.com/33/ad/bmFGgcbd_o.jpg
Canadians got to feel that 100k euphoria sooner. It felt artificial…
Getting to 100k feels like the last lap in Mario Kart
Your control authority is #nostr and #bitcoin
Private Power Protocol
—————————————
1. Power to Pay Privately
2. Power to Publish Privately
3. Power to Prove Privately
4. Power to Permit Privately
Don’t trust, control your authority.
I need to redo my sat banana calculator, this was from earlier this year. https://image.nostr.build/4d2f975d8166712e252937340e7fafad126a81e6e293438df1f1a8cbd25fbfa7.jpg
This diagram of the Bank of Canada balance sheet shows what happened in early 2020. The greyish curve is banknotes (M0’ in circulation, a steady uptick from the 90s from about $25B to 2024 of about $125B. Then boom, at the outset of the pandemic, the yellowish curve, liabilities to banks shot up to $400B. That is the sudden M1 expansion due to the government issuing debt, the central bank buying that debt, and the government holding this newly converted debt as ‘cash’ deposits in banks for injecting into the economy as emergency funding. We all know how that played out - pump $400B worth of spending power into the economy that is shut down, the money goes after immovable assets, namely real estate. https://image.nostr.build/20818f3bade89a67f0b9f159c897c5609a4236e1a978324d33e056e1179e2297.jpg
GM https://media.giphy.com/media/RtfosHwQtOrhS/giphy.gif
#LuxuryDreams https://images2.imgbox.com/24/45/hcWKIMwQ_o.jpg
Block 870534
4 - high priority
4 - medium priority
4 - low priority
2 - no priority
1 - purging
#bitcoinfees #mempool
Block 870534
4 - high priority
4 - medium priority
4 - low priority
2 - no priority
1 - purging
#bitcoinfees #mempool
https://images2.imgbox.com/2c/38/u2EvoZTx_o.jpg #CozyDoggy 🛋️🐾 #dogstr
👉 🤳 Follow #FunnyAnimals 🐾 https://images2.imgbox.com/70/c0/lfxsPAfj_o.gif #Animals #FunnyAnimals #NostrAnimals
#LadyDrivers https://images2.imgbox.com/27/2d/uXpxVDzK_o.jpg
https://images2.imgbox.com/fa/6c/C5NWDE1Z_o.gif #Animals #FunnyAnimals #NostrAnimals
Difficulties are things that show a person what they are. https://images2.imgbox.com/4e/56/wCHR0ICW_o.jpg
https://images2.imgbox.com/21/0d/Q3OvtdFn_o.gif #Animals #FunnyAnimals #NostrAnimals
Time to blaze new paths! 🌅🔥 #TrailBlazing #GoodMorning #GM
https://images2.imgbox.com/64/2a/QLLPxxfI_o.jpg #PurrMachine 🛠️🐾 #dogstr
https://images2.imgbox.com/2c/f7/m3rrgT2L_o.gif #Animals #FunnyAnimals #NostrAnimals
#BlessedAndGrateful https://images2.imgbox.com/40/d3/g2DYe1Zv_o.jpg
https://images2.imgbox.com/f7/80/Io3CKQMX_o.jpg #DogExplorer 🌍 #dogstr
👉 🤳 Follow #FunnyAnimals 🐾 https://images2.imgbox.com/c4/e3/0LbWedoz_o.gif #Animals #FunnyAnimals #NostrAnimals
#KittySnuggles 🤗🐱 https://images2.imgbox.com/4e/bc/hmtd2sJV_o.jpg
👉 🤳 Follow #FunnyAnimals 🐾 https://images2.imgbox.com/66/3c/KL9HpqdS_o.gif #Animals #FunnyAnimals #NostrAnimals
#JeepAdventures https://images2.imgbox.com/f9/72/80ecxjJw_o.jpg
GN Supermoon https://image.nostr.build/2a3dfcddabacd1f9067e38b8d73e18426f9856e6271fb26f73ffae34ed0d2ab5.jpg
Let's chase our dreams together. 🌠 https://images2.imgbox.com/b2/27/Mr1t4buR_o.jpg
https://images2.imgbox.com/3f/70/QJNsRB87_o.jpg #SoftestPaws ✨🐾 #dogstr
👉 🤳 Follow #FunnyAnimals 🐾 https://images2.imgbox.com/13/45/nQ5H3LgZ_o.gif #Animals #FunnyAnimals #NostrAnimals
Block 870482
8 - high priority
7 - medium priority
6 - low priority
4 - no priority
2 - purging
#bitcoinfees #mempool
https://images2.imgbox.com/f4/9d/liGlKswE_o.jpg #TheHound #dogstr
Block 870482
4 - high priority
4 - medium priority
4 - low priority
4 - no priority
2 - purging
#bitcoinfees #mempool
#EnjoyTheMoment https://images2.imgbox.com/f1/fe/4Gkq0lZo_o.jpg
👉 🤳 Follow #FunnyAnimals 🐾 https://images2.imgbox.com/c8/42/ULrlEZSk_o.gif #Animals #FunnyAnimals #NostrAnimals
https://images2.imgbox.com/dc/6b/hHmgSPm3_o.jpg #doggyFren #dogstr
👉 🤳 Follow #FunnyAnimals 🐾 https://images2.imgbox.com/87/bb/ML5N2Cvd_o.gif #Animals #FunnyAnimals #NostrAnimals
Adventures of a #maverick end with peaceful nights. Goodnight! 🌠✨💤 #goodnight
Fast cars, faster #heartbeats—join me! 🏎️ #Vera https://images2.imgbox.com/f9/8b/6a4RfqaF_o.jpg
#Zwift https://video.nostr.build/f5ebb8d2afd9b357b71f8296415f6a42d018257d6a9b23630acbea303c3968c9.mp4
https://images2.imgbox.com/23/37/PLhGSbKc_o.jpg #pupFren #dogstr
Block 870461
12 - high priority
11 - medium priority
9 - low priority
4 - no priority
2 - purging
#bitcoinfees #mempool
That we keep doing our own thing. I don't believe that being an alternative social media platform is the killer use case for nostr.
I believe that nostr will become the platform that everyone can exchange value with each other directly without fear of being shut down.
We just keep quietly integrating payments with authentic content and nostr will come into its own.
What can we in Nostr learn from the recent surge in users for bluesky and mastodon?
That's the King's English.
Captcha issue is fixed. To update:
cd /opt/ditto
su ditto
deno task soapbox
Reason: https://gitlab.com/soapbox-pub/soapbox/-/merge_requests/3252
Wtf am I reading on BBC? https://i.nostr.build/OlIMKKrA6WJ6eaot.jpg
Link: https://www.bbc.com/pidgin/articles/cx28gmn7xwvo
Well this is f***ing cool!
I spun up #ditto server from @nprofile…al0v and used the in-built relay to send payments from a #nostr #safebox.
Worked flawlessly!
#nevent1q…6kvy
Holy crap it works!! I used the relay as my payment server for #nostr #safebox. Zaps and Lightning payments worked flawlessly!
Thanks. I loved how easily it installed. I am setting this up for a friend who is looking to set up a service for a disadvantaged community. After our conversation, I concluded that ditto would perfectly fit the bill!
I reproduced it. It does actually succeed, but the UI is messed up and displays an error. If you refresh after solving it works. Will fix this now.
Yeah, that might the root of the problem 🤓
Are you a human? 😂
Jk, I'll check
@npub1q3s…d26p I set up ditto. Super easy, but I can’t get past the human verification test. I tried numerous browsers. Any idea what the issue is?
My instance is here:
https://ditto.openbalance.app
https://image.nostr.build/e22413e222566054de76336cada772e429bf631af53846aabfeb43a09050a9b8.jpg
Yeah, I’ve noticed this too. A lot of things have to happen between systems for zaps to properly happen.
Zaps still have the big issue that often the relays reject the zaps or the clients do not properly show the zaps.
Don't know how this can be best solved actually.
Put this in your pipe and smoke it….
#WeAreAllApes
——————————
Marshall McLuhan interprets money as a profound extension of the basic human action of “grasping and letting go,” likening it to the physical motion of apes swinging between trees. This analogy reflects his broader framework of understanding technology and media as extensions of human faculties and behaviors.
The Ape Swinging Analogy
1. Grasping and Letting Go: Apes swinging from tree to tree embody a cyclical motion of holding onto a branch and releasing it to reach the next one. This act requires coordination, timing, and trust in the continuity of the environment to support their progress.
2. Money as Symbolic Grasping: For McLuhan, money performs a similar function in the human world. It allows individuals to metaphorically “grasp” value in a tangible form (e.g., coins, paper currency) and “let go” by spending it to acquire goods or services. This exchange process mirrors the physical rhythm of the ape’s motion.
3. Trust in the Medium: Just as an ape trusts that the next branch will hold its weight, humans trust the monetary system to maintain the value of the medium. Without this trust, both the ape’s swing and the financial system would collapse.
McLuhan’s Media Perspective
McLuhan would see money not simply as a tool for trade but as a medium of exchange that shapes human relationships and consciousness:
• Extension of the Hand: Money is a technological extension of the hand’s grasp, enabling trade without the need for direct barter. It abstracts the act of holding onto something of immediate value and turns it into a transferable, symbolic medium.
• Impact on Perception: Money, as a medium, alters our perception of value, time, and relationships. It commodifies time and labor, encouraging humans to think in terms of quantifiable exchanges rather than immediate, personal interactions.
• Cultural Implications: The evolution from barter to money reflects a shift in how societies organize themselves, moving from direct, tangible exchanges to a system mediated by symbols and trust in abstract systems.
A Broader Insight
The grasp-and-let-go metaphor underscores the continuity between human physicality and the technologies we create. Just as apes use the swing to navigate their environment, humans use money as a dynamic medium to move through their social and economic worlds. This analogy reveals how even the simplest actions—rooted in our primal instincts—are amplified and transformed by the media we adopt.
The place of many internets.
There's really no point debating this on LinkedIn as the algorithm will ban you.
LinkedIn is getting spicy !
James Baxter-Derrington, who wrote the Telegraph's bitcoin "it's worthless" article on Wednesday responded to my rebuttal calling me a “bitcoin evangelist”
https://www.linkedin.com/posts/james-baxter-derrington-8a78ba94_why-is-trust-in-mass-media-at-an-all-time-activity-7263200460323352576-Wuh6/xter-derrington-8a78ba94_why-is-trust-in-mass-media-at-an-all-time-activity-7263200460323352576-Wuh6?utm_source=share
Most government programs are ultimately about spending other people's money into the economy. In a few cases that's ok, for building bridges, roads and controlling spectrum and airspace, but it can quickly get out of hand.
The place with the most opportunities on Earth is not America, it's the Internet.
It’s probably worth noting all of excess in US government spending that needs to be cut, will create a dangerous feedback loop and likely deflationary spiral because all of those excess jobs are also spending, buying homes, eating out, traveling, spending on marketing etc. When they stop/slow down - and then require social assistance - debt as a % of gdp screams higher.
Ie - That expansion of government and regulation is a direct consequence of manipulated markets trying to stop the natural deflation in free markets but also an integral part of them - robbing more jobs from the free market, and misallocating capital everywhere.
In other words, it’s going to be messy!
The debt needs to come down first and that means money printing and much higher inflation.
Or as @npub1a2c…w83a memes so effectively “Nothing stops this train”
In either event - #Bitcoin is your lifeboat.
That zap was just over $300 CAD
I am proving to myself that zaps can become a universal payment system that works equally well for a single sat or a fiat payment in the thousands (millions). The note I zapped could have been an invoice event with instant reconciliation.
That zap came from #nostr #safebox that I spun up in seconds, deposited the funds and zapped the event below. The payment was cleared anonymously thorough a mint and settled on Lightning.
#nevent1q…4axv
zap test, pls stand by...
@npub1qny…95gx should step down too.
Looking forward to buying coffee at half the fiat price, soon!
https://imgflip.com/i/9agnn8
People keep complaining about inflation, but my coffee keeps getting cheaper and cheaper
https://m.primal.net/MDwQ.jpg
WPWJU (What phone would Jesus use?) #note1yu3…q7uh
Yeah, early 80s. I can totally relate to this photo. Those were days, when the world was your oyster with a quarter in your pocket.
Fragmented platforms.
+ Fragmented money.
+ Fragmented society.
————————————
Nostr+Bitcoin solve the above.
"In the 1980s, a scene captured by photographer Ron Terner depicts a woman using a pay phone on City Island in the Bronx, New York. This image encapsulates a time when pay phones were an integral part of urban life, serving as vital communication hubs before the widespread adoption of mobile phones."
by Ron Terner
https://image.nostr.build/eae8bde8e24ed43d8f70d2d70a9628d8664b60c70d6faaacebdab872a7a57048.jpg
#PhotographyIEnjoy
“without fear or favor” #note1q44…nrs2
AI will do to UX what the touch screen did to keys, knobs and dials.
maybe all uis become intelligent
I think #nostr will win out in the long run because of user fatigue. I am tired of trying out yet another platform (just tried out Bluesky again). I just want one app, or use apps defined by a community rather than have the community be defined by the platform provider.
I don’t want communities that are beholden to a platform provider.
It’s a long game, but it’s worth it.
I
GM! https://image.nostr.build/09deb1fc78f55a345cfccd658c3ebf1b5d43b32c85a077d9fcd356ddbc88e47a.jpg
Adding on to Will’s note - I see the three killer characteristics of #nostr
- note verifiability
- app interoperability
- payment addressability
All baked within an uncensorable protocol #note1q05…arer
Googles search labs ai results are getting quite good. I suspect google is just going to become an ai frontend in the future. https://i.nostr.build/UGR5sesr5YArFQs2.jpg
Sounds cooler than ‘homeless’
Is nodeless similar to serverless - it means somebody else's node/server?
Block 870392
5 - high priority
5 - medium priority
5 - low priority
4 - no priority
2 - purging
#bitcoinfees #mempool
Block 870338
12 - high priority
12 - medium priority
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4 - no priority
2 - purging
#bitcoinfees #mempool
Hello World from brush-era-1010! #introductions
Block 870313
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4 - no priority
2 - purging
#bitcoinfees #mempool
Yup. And I could actually understand the specs and implement.
We’ll ask the Nostr VP Marketing to set up a focus group.
This is what sold me on nostr when I first started working with it last year. Its a fairly level playing field for access to data, ability to publish and no central gatekeeper for api keys demanding an email, phone number or credit card
#nevent1q…zu8z
So do I. I would assume that most people don't use that word though.
I like centralized because it covers all the baddies - corporate, church and government.
It’s about building a better society, but I am pretty happy with the escape thing. It really hit me this summer when we went out west and toured some early railroad towns - same vibe - we are on a new frontier with new technologies building a new society.
How about corporate control?
I like this but would leave out the "centralized control" phrasinf. Not sure how to word it but focus more on where we going rather than what we are escaping from
Proof of work
Posted on other platforms https://image.nostr.build/4f76e6d5fe7e32b63b480d3fea4532f389aca117ddc59ac368ffc9a29e555745.jpg
SHARE ON OTHER PLATFORMS
#NOSTR WINS 🏆 https://image.nostr.build/c28ffa60880ac8015d5cc4f2e5c1add325c32da8e7d3c68df7c4c34f1271ae0d.jpg #note1cc8…naq2
I just built what I wanted on #Nostr.
I might not change the world, but I didn’t have to ask for permission to do what I wanted to do.
That’s what really counts for me.
#TakeBackControl
Yeah, this works. Kinda unintentional reaction to all the very tired sounding GDPR-speak - ‘give us your consent’
Simple and to the point.
#TakeBackControl
#nevent1q…qccs
I’ll report this to the VP Marketing of Nostr.
The open internet was not designed for centralized control. Take back control with Nostr.
This sounds like the farcaster - bluesky marketing department 😂
I agree with this assessment
‘Nostr is a better internet.’
‘Nostr builds a better society.’
‘Nostr leads to a better you.’
Love it!
I’d adjust
A healthy ecosystem… = bitcoin + nostr of zaps + auth
I will steal "a better internet" and add it to the typewriter animation of njump.me
i'd only alter that:
nostr + zaps + auth = healthy ecosystem of decentralised business and volunteer based communities
the equation is simple:
human clients will always incur more server cost and bandwidth than bots. bots that are valuable can afford to run their own infra.
nostr + zaps == healthy ecosystem
nostr + free == game over big tech wins again
Share feedback for nostr landing page njump dot me with @npub1000…vwqk #note12c8…d0ec
‘A better internet is possible. An internet that builds on the free and open internet that we were promised, giving us fairness, integrity and a way to freely exchange value with each other.
Every time money is used as a medium of law enforcement, it becomes even less of a medium of exchange.
Every time a social media platform is used as a medium of censorship or influence by its governors, the less it becomes a social media platform — it mutates into a propaganda machine, where the flavor of propaganda reflects the current governors.
When platforms are harnessed by their creators for personal motivations, whether good or evil, whether for one political party or another, it impacts everyone.
The digital world of social media platforms needed training wheels to start: companies leading them. It wasn’t as autonomous. That’ll change soon, just like it did for money with bitcoin. #Nostr #note1edw…3h3l
A, B, or C - which is most welcoming, and least scary for someone looking to learn about nostr?
#asknostr https://image.nostr.build/a894bcb05fd4bcb9ee0cea837071f3f5df290168a0b22681c8efcee1fe05b602.jpg https://image.nostr.build/639550878d41c05d94280d92351b701a1a4b42a9f7e2ae971631d1add43b4787.jpg https://image.nostr.build/66596d683483648fd29131afde45010f5b9b1d19fab4768ef61c1bb63e190bcd.jpg
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‘Linux is everywhere, except on your desktop’. Great analogy. I’m gunning for the flippening of the financial infrastructure. Desktop can come later.
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Hello World from indoor-infant-841! #introductions
Hello World from body-hard-778! #introductions
On the reading list...
http://foundationsofthedigitalstate.com/
"If a person does not have the capabilities to participate in a digital society, the person is excluded from opportunities and loses their freedom"
The way things are going- the ability to generate your own private key will be more critical than your right to a legal identity.
GM, GA, GE, & GN #nostr ♡
I’ve done some zap testing. The biggest one I have done in 300k sats.
I've no idea, but if anyone would like to beat it, zap this note right here. Go on, make yourself a hero🎉.
What's the record for the highest #zap OF ALL TIME?
@GuinessBookOfWorldRecords
#asknostr
🤨🤨🤨
Those were the days… #note19h2…5sxe
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arguably, bitcoin has already changed the world
it's a bit like this "year of the linux desktop" meme, all the while linux is everywhere except for mainstream consumer desktops
people keep being hyper-focused on bitcoin adoption for normal (US, Europe) consumers, while it seems to creep up everywhere else
At what price will Bitcoin change the world?
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Hello World from enforce-ten-805! #introductions
Hello World from leopard-pony-943! #introductions
@npub1gl7…s48y good to meet you!
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Hello World from front-fetch-574! #introductions
Hello World from ability-best-868! #introductions
Hello World from pave-industry-984! #introductions
Hello World from globe-page-140! #introductions
Hello World from insect-bronze-819! #introductions
Hello World from monkey-ghost-858! #introductions
Hello World from chuckle-olive-1023! #introductions
Hello World from purplestallion! #introductions
Hello World from dynamicgharial! #introductions
Hello World from berylcoyote! #introductions
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https://assetmarketcap.com/
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Price is the interface to the economy you want to be in.
Though the ECB would like you to believe you were unfairly early 😐
there is no such thing as being late to bitcoin
https://m.primal.net/MBzZ.mov
Lol. I grew up on a dairy farm. I am the classic case study of growing up on raw milk.
Good money is not neutral: It's the result of a Nash Equilibrium
-----------
The Nash Equilibrium is a key concept in game theory. It occurs when players in a strategic game reach a point where no player can improve their outcome by changing their strategy, assuming that all other players keep their strategies unchanged. At this point, each player's choice is the best response to the choices of the others.Key Characteristics:Stability: In a Nash Equilibrium, players have no incentive to deviate from their chosen strategies because doing so won’t lead to a better outcome for them.Mutual Best Responses: Each player's strategy is optimal given the strategies of the other players.Multiple Equilibria: Some games may have multiple Nash Equilibria, and finding them can help predict how rational players might behave.Example:Consider the Prisoner's Dilemma, a classic example. Two suspects are arrested and interrogated separately. They have two options: cooperate (stay silent) or defect (betray the other). The Nash Equilibrium in this scenario is for both to betray each other, even though they would each get a better outcome if both stayed silent. This is because betraying (defection) is the best response for each given what the other might do.In summary, a Nash Equilibrium is a situation where players make optimal decisions that are best for them, given the decisions of others, and have no incentive to deviate.
#madeira #madstr #funchal
Raw milk in stock!
#soveng
It's amazing to think that I can travel to Europe once again at almost half the cost as I did earlier this year.
Pretty sure Apple just stumbled on the concept of an ‘app store’. After all, it’s just a signed package manager. Apple recognized the potential and locked down their ecosystem to funnel everything through it. Meanwhile, Windows was happy with random downloads and install executables as they were busy shipping software CDs to their enterprise client base.
Apple recognized the potential because they had firsthand experience blowing up the music industry with iTunes.
I making this observation and drawing parallel, because, like what Apple did, I believe the existing monetary and financial system is ripe for ‘blowing to bits’.
We are witnessing it already- SWIFT/BRICS and the ECB writing constant denial papers.
Bitcoin harnessed time to energy
Nostr harnessed integrity to people.
Energy and People are the basis of our digital global economy and only Bitcoin and Nostr can serve this economy in a fair, uncensorable way.
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I had the same issue. I think it is dns resolution
The first time I Zap it, it didn't work. The second time it worked
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Good article, but I feel everyone is grappling with wrong models and trying to force-fit them into a new reality.
With #nostr there is no such thing as cross border data flows. You are your own governance.
https://www.cigionline.org/articles/trade-agreements-and-data-governance/
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https://www.youtube.com/live/hE0yhMnhQ3I
The ECB researchers are paid not to understand what’s going on #nostr https://image.nostr.build/942e287c88c1861896ba98924f8eac6ba1b2ec8877ab1acfadaf878ec22bae2c.jpg
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Be your own Department of Monetizing Events. https://image.nostr.build/b054995b82fa69fe4332958ba6545b7a74222ff0950db05df4912a332ebd6a13.jpg
#Nostr is the only network I know of where you can monetize your own content without anyone’s permission.
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Like the ‘Economy’ a UTXO doesn’t really exist. It’s just a bunch of transactions added up. Fortunately, a UTXO is verifiable.
Eventually, we’ll get off ip. Looking at other transport modes.
Your ISP knows everything 👀
We’re just getting started. Nothing stopping this train.
Same and same. No need to oversell a technology that is powerful enough by itself. Freedom go up on all levels of the sovereign stack 🤝
sats->LN->Safebox->Relay->Safebox->LN->sats
#untraceable
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Hoping to do same with #nostr #safebox. Stay tuned!
This is so cool. I gotta try this. I am planning something similar for #nostr #safebox where you register the npub and links an address to receive payments. #note1dgz…n5r0
https://github.com/trbouma/safebox
https://nvlpubs.nist.gov/nistpubs/ir/2024/NIST.IR.8547.ipd.pdf
Nice. What's the link for safebox?
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This thing is starting to feel real! Over the past few days I have sent almost 1M sats through the payment network as zaps, dms, ln invoices and cashu tokens.
#nostr #safebox
https://image.nostr.build/7949848702d91c4172374105fb9e273a6cdaec1a793e5afef44acb5075c37135.png
Yikes.
https://montrealgazette.com/news/local-news/body-of-abducted-cryptocurrency-influencer-kevin-mirshahi-found-in-montreal-park?utm_source=flipboard&utm_content=topic/crimecanada
sure i don't mind playing around with it.
Wanna try safebox? Sending ecash between nodes. It’s still early, I need some patient testers.
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I need a new Nostr app to play with. What's something new and/or exciting that you've come across recently? Android, iOS, desktop, web, doesn't matter.
FINO (Flight In Name Only) #note1f4n…zeem
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The guts can be complicated. But it’s the overall simplicity that counts
in case you thought Worldcoin was creepy, wait till you learn what they’re doing with hardware root of trusts and you spitting on a dish:
https://www.youtube.com/watch?v=w5Jw9xrmqo0
Lightning developers might disagree, although I'm sure they'd like it to be this simple 😉
All payment protocols can eventually be reduced to:
send <amount> <address> <optional comment>
New name and new url. zapstore.dev #note1ml2…em2z
From Tuur Demeester on Twitter.
It shows how easy it is for the ECB to fudge money and reports
_________________________
ECB bombshell: On Nov 4—the night of US election—the authors of the highly aggressive anti-#bitcoin paper softened the language in their concluding paragraph:
In the original it said: "Current non-holders should realize that they have compelling reasons to oppose Bitcoin and to advocate for legislation against it, aiming to prevent bitcoin prices from rising or to see Bitcoin disappear alltogether."
That sentence now reads: "Current non-holders should realise that they have reasons to worry about Bitcoin and legislation favoring it."
Also the last sentence was altered, leaving out the words "implying wealth redistribution".
A remarkable change on such a pivotal moment in history. Were the authors instructed to make these edits by ECB top brass, once it became clear that Trump's pro-bitcoin team was winning the election?
Credit goes to @snipMister81 for noticing.
https://image.nostr.build/1816f078db7235e4c996f743f77e895f964538315ad716890923dcd132abee40.jpg
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What’s amazing, that up until the late Middle Ages nobody cared who the artist was. Then the ‘Cult of the Original’ (not my words) began to emerge, and voila, the artist could issue scarce works because people wanted something created by someone and the attributed works became scarce.
Most works of art today, are not valued due to their artistic merit, but due to the provenance to a scarcely available artist.
From this model, the best advice from an art auctioneer to an artist is: ‘Die early and you’ll be rich.’ #note1nea…z7n6
Or just make them write the entire npub on the cup. 😂
When I go and they ask me for my name, I will say, "assign me a number."
Just sharing that I am honest to a fault. I don't like giving out fake information pretending that it's real. Likely, I'm violating a term of service that be used against me. It's not being paranoid, it's just that I've internalized these issues that I feel like I am compromising myself when I am not acting according to a good faith bargain.
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I should use a nym from a random npub of mine. "Eldonte Espooliada, your coffee is ready"
All names are fake. You don’t have to use the one the government gave you.
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I know. I prefer when they list an order number rather than shouting my name.
Do you never pay with a credit/debit card anywhere? Do you never go to restaurants that ask for a name they can call when your table is ready? Seems extreme man.
I don’t go to Starbucks because I refuse to do KYC. I am honest to a fault and won’t give a fake name. If I do, I feel like I am criminalizing myself, which is exactly the intent of the system. #note16pe…z92y
Naahh, I will use a #npub instead
-------
To get a SWIFT address (or SWIFT code) for a bank, you can:
1. Check Your Bank's Website: Most banks list their SWIFT codes on their websites, typically in sections related to international banking or wire transfers.
2. Call Your Bank: If you cannot find it online, you can call your bank's customer service to ask for the SWIFT code.
3. Look on Bank Statements: Some banks include their SWIFT code on bank statements, especially if they provide international services.
4. Use Online SWIFT Directories: Websites like SWIFT.com or other financial directories offer searchable databases of SWIFT codes for banks worldwide.
5. Visit Your Bank in Person: If you're near a branch, visiting in person and asking a representative is a reliable option.
Each branch might have a unique SWIFT code, so if you're sending money internationally, confirm the exact SWIFT code for the branch handling your account to avoid delays or errors in processing.
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lol, this is so true… #note1jhs…m5ns
A comparison of Lightning channels and reverse repos.
——————————-
Lightning channels in Bitcoin’s Lightning Network and reverse repurchase agreements (reverse repos) in central banking both provide mechanisms to manage liquidity and enable efficient transactions without relying on traditional systems. Here’s a comparison of how they are similar:
1. Liquidity Provision:
• Lightning Channels: These channels allow for instant transactions by pre-locking funds in a smart contract. Once funds are deposited in a channel, users can transact without going back to the main Bitcoin blockchain, enabling rapid exchanges.
• Reverse Repos: In central banking, a reverse repo is a transaction where the central bank lends cash to financial institutions by purchasing securities with an agreement to sell them back. This process supplies short-term liquidity to the market.
2. Reduction in Transaction Costs and Overheads:
• Lightning Channels: By creating a direct channel between parties, Lightning reduces the need to settle each transaction on the blockchain, avoiding blockchain fees and making microtransactions more feasible.
• Reverse Repos: Reverse repos reduce the need for constant adjustments in monetary policy by the central bank, temporarily injecting liquidity into the financial system, often at a lower operational cost compared to other forms of monetary interventions.
3. Flexibility and Short-Term Nature:
• Lightning Channels: Channels are typically established for short-term or immediate needs and can be closed once funds are no longer needed in the channel. This setup is well-suited to frequent, small transactions without the permanence of a traditional blockchain transfer.
• Reverse Repos: Reverse repos are inherently short-term transactions, allowing central banks to fine-tune liquidity without committing to long-term changes in the monetary base. This mechanism allows central banks flexibility in managing liquidity to suit economic conditions.
4. Off-Chain Mechanisms to Maintain Stability and Efficiency:
• Lightning Channels: Lightning’s off-chain solution reduces congestion on the main blockchain, maintaining the network’s overall stability and efficiency by keeping high-volume transactions off the main ledger.
• Reverse Repos: Reverse repos help stabilize short-term interest rates and provide liquidity without changing broader monetary policy, which helps maintain stability in the banking system.
5. Reliance on Trust and Security Mechanisms:
• Lightning Channels: Lightning channels require participants to trust that funds locked in a channel can be correctly returned and settled off-chain. Mechanisms like penalty structures are in place to prevent fraud and secure transactions.
• Reverse Repos: Reverse repos depend on trust between the central bank and financial institutions, as the central bank temporarily holds the institution’s securities. The mechanism’s reliability is also underpinned by the regulatory environment and oversight to ensure secure, efficient transactions.
In summary, both Lightning channels and reverse repos are designed to improve transaction efficiency, reduce systemic strain, and manage liquidity on an as-needed basis. Lightning channels achieve this for cryptocurrency transactions by shifting exchanges off-chain, while reverse repos offer central banks a flexible tool to manage liquidity within the traditional financial system without altering the broader money supply.
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Banks started as fully backed custodians of gold. The temptation to issue more unbacked claims is unstoppable. If cashu mint gets big and important nothing can stop fractional backing the same way as social media and YouTube and whatever eventually own and screw people that build business on top of the platform.
The success of cashu would inevitable be its demise.
We can all of theories that might work when cashu is meaninglessly small and users are idiologically invested.
Big success leads to 99% of people and businesses not caring about ideology but they will simply be practical in the short term
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https://aidantr.github.io/files/AI_innovation.pdf
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There you have it. 1M sats in zaps.
That's over $1000CAD.
This is proof we can turn zaps into a serious payment system.
#nevent1q…er5j
Moar zap testing, please stand by...
mad scientist experiment GIF https://media1.giphy.com/media/3o752ogcifnC3MECt2/giphy.gif?cid=6c09b952zmjckzdvvxzge0syne67z5xei9mmecre1hjf5vnh&ep=v1_internal_gif_by_id&rid=giphy.gif&ct=g
turns out building zaps on a monetary network backed by the laws of physics was a good idea
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Last 7 days zaps: 2571123.
https://nostroz.com/zap_stats_7_new_20241111.png
Last 30 days zaps: 4136334.
https://nostroz.com/zap_stats_30_new_20241111.png
Last 90 days zaps: 5530881.
https://nostroz.com/zap_stats_90_new_20241111.png
2024-11-11
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Price action apparently brings Nostriches back 😐
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GitHub repo here. Not everything promoted to main yet
https://github.com/trbouma/safebox
Bitcoin+Nostr is the only place where you can engineer the fuck out of entirely new system without any permission.
Your definition. Your battle.
Reserve requirements are now zero.
Discount rate is the rate at which the banks need to borrow to ensure they can settle with other banks.
Since banks have no reserve requirement and can borrow at super low rates to ensure liquidity, they can issue transferable liabilities (loans which become spendable cash) at will. Where did all of those transferable liabilities go? Stocks and real estate.
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Years ago, I went deep on central banking and monetary operations. I am now applying what I have learned in building what I believe is an entirely new monetary system.
ChatGPT is a great way to refresh my memory without rereading everything.
For example, a short primer/refresher on monetary operations.
Monetary operations of the U.S. Federal Reserve (the Fed) involve tools and strategies to manage the money supply and influence economic conditions, primarily focusing on inflation, employment, and stable interest rates. Here’s a summary of the main operations:
1. Open Market Operations (OMO): The Fed buys and sells government securities (e.g., Treasury bonds) to influence the federal funds rate, which impacts other interest rates and controls the money supply. Buying securities injects money into the economy (lowering interest rates), while selling them withdraws money (raising rates).
2. Discount Rate: This is the interest rate the Fed charges banks for short-term loans through its discount window. Lowering the discount rate makes borrowing cheaper, stimulating economic activity, while raising it tightens credit and slows economic growth.
3. Reserve Requirements: The Fed sets minimum reserves banks must hold, either as cash in their vaults or as deposits at the Fed. Lowering reserve requirements increases the amount of money banks can lend, stimulating economic activity, whereas raising them tightens the money supply.
4. Interest on Reserves: The Fed pays interest on banks’ excess reserves held at the central bank, influencing their willingness to lend money. Raising the interest discourages lending, tightening the money supply, while lowering it encourages more lending.
5. Repurchase Agreements (Repos) and Reverse Repos: Through repos, the Fed temporarily buys securities from financial institutions, providing short-term liquidity to the banking system. In reverse repos, it sells securities with an agreement to buy them back later, reducing liquidity temporarily.
These tools collectively allow the Fed to influence economic activity, aiming to stabilize prices, maximize employment, and achieve moderate long-term interest rates.
If you define yourself in your enemy’s terms, you’ve already lost.
No it isn’t. It’s a credit granting entity.
Yup. Not Cashu, but precursors.
.That’s what’s so attractive about ecash. Chaum invented it using RSA in the early 80s, Wagner updated with ECC in mid 90s, Phyroo revived with libsecp256k1 in 2002, @npub12rv…85vg created #Cashu.
Just standing on the shoulders of giants realizing entirely new possibilities.
And you still need to do KYC to prove you are not serving US persons otherwise PRISON
People go to prison for not doing KYC in a bank
Cashu has existed in 1990 and was complete failure without lightNing.
Cashu is no different than paper ledger in the bank of Amsterdam in 1600.
There is nothing new about cashu.
The new thing is lightning
Do you have a good resource to read up on SafeBox? 🤙
The concepts of solvency and liquidity are both crucial in finance, but they refer to different aspects of financial health:
1. Solvency: Solvency refers to a company's or individual's ability to meet long-term financial obligations. A business is considered solvent if its assets exceed its liabilities, indicating it can eventually pay off all its debts. Solvency reflects the overall financial stability and viability of a company in the long term. In short, solvency is about whether a company has enough total assets to cover its total liabilities.
2. Liquidity: Liquidity, on the other hand, is about the ability to meet short-term obligations and quickly access cash when needed. A company is considered liquid if it can readily convert assets into cash to cover immediate expenses or obligations. Liquidity is measured by how easily assets can be turned into cash without significant loss in value. Therefore, liquidity is about whether a company can meet its immediate financial demands.
In essence:
Solvency is a measure of long-term financial health.
Liquidity is a measure of short-term financial flexibility.
A company can be solvent but illiquid if its assets are tied up in non-liquid forms, like real estate, making it hard to cover immediate costs despite overall stability. Conversely, a company can be liquid but insolvent if it has enough cash for short-term needs but not enough assets to cover long-term liabilities.
Walter Bagehot, a 19th-century British journalist and economist, had reservations about central banks' potential to encourage risky behavior in financial markets, particularly through their role as a "lender of last resort." He was concerned that by stepping in to prevent financial institutions from failing, central banks could inadvertently promote moral hazard. This is because banks might take on excessive risks, assuming they'll be bailed out in times of crisis.
In his classic work, Lombard Street: A Description of the Money Market (1873), Bagehot proposed that central banks should lend freely in a crisis but only to solvent institutions, at a high interest rate, and against good collateral. This was intended to deter banks from relying on central bank support as a routine part of their operations.
Deposit funds in #nostr #safebox
Send funds via DM to another #nostr #safebox instance
Pay out funds to zap, invoice or lightning address.
The result, #untraceable.
I have it running as a docker instance. It's on 24×7
Do you have to keep Alby hub open constantly for it to work?
Powell, with his emphatic 'No' about stepping down. He doesn't fall under US Executive Authority.
Lightning works great. The problem is that while it increases velocity of payments, you still need an onchain anchor. The current custodial solutions either bolt on an accounting system or try to make channel management 'easier'. Cashu gives another degree of freedom to build scalable solutions.
What's making you think that?
You can do that with lightning. ecash is scaling solution that we might need 10 years in the future if lightning adoption is super successful
ecash makes the global evillage possible.
Now it's possible to pay someone as if they are in the same village, even though they are on the other side of world.
I think the US is now realizing that they don't actually have a central bank. They outsourced that to a private institution over a century ago.
The current oversight by government is largely cooperative and ceremonial. It worked in everyone's interest for over a century and it will be interesting when it turns to an adversarial oversight model.
model.
Get out the popcorn!
'Wallet Wars' - as if the market incumbents are completely unaware that we are building on a completely new frontier.
Plus their concentric circle model is wrong - it should be identity->authentication->payments
https://buff.ly/4fE7MKc
FWIW, I had great fun last routing ecash through different relays throughout the world using https://nostr.watch.
Much to my family’s annoyance, I was calling out each routing success: ‘Buenos Aires!, Beijing, Berlin!, Somewhere in the Caribbean….’ #note1yxa…5vyx
Here is a command line taste of sending an ecash token from one npub to another using #nostr #safebox. The #safebox instance on the right is listening for NIP-17 messsges containing Cashu tokens. The #safebox instance on the left is sending 1 sat to the npub via the command line. You will see the result on the right hand side of receiving and swapping the token.
Lots of debug messages going on, but I am sure those interested won't mind.
https://video.nostr.build/feeed2675f536b98eeeb8a905aa9966c8c672177978f12820717d42cd4255745.mp4
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The only complaint @npub1the…4dha . The chairs are harder than Diddy’s dick at a freak-off. Otherwise, the show was truly amazing
The show was legendary, if it was 1876 I would write home about it
Running #nostr #safebox ecash transactions between different nodes using NIP-17 as the transport and using random relays around the world.
Transactions are cleared and funds transferred between wallets without even touching the Lightning Network.
It all works.
Wild, just wild.
Does anyone know of any LNURL software that supports NWC as a backend? Alby Hub is great but it is highly integrated with Alby and all the payments are registered with them (0 anonymity). There is also a need to use your own LDK Esplorer thingy and probably NWC nostr relay as well. 🤔
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It’s amazing that you can still walk into a grocery store and walk out with a load of groceries without having to use a gun.
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Watch out. Those with exorbitant privilege are now taking issue with those who were ‘unfairly early’.
Yep.
Banks are effectively private credit systems with two huge advantages - they are using a nationally-mandated unit of account (e.g., dollar) and are guaranteed a 1:1 exchange rate with public money, no matter how crappy their balance sheet is.
With Bitcoin, the unit of account is sats (no need for a nationally-mandated unit of account), and ‘cash’ or credit (ecash) has no choice but to trade at par because of the almost perfect liquidity.
In this new system, anyone can be a ‘bank’.
Yeah, I agree.
Bitcoin is freedom of payments
Lightning is velocity of payments
Ecash is privacy of payments.
Bitcoin wasn't built as a privacy tool, it was built as a freedom tool
We have to build privacy into the protocol!
Do you think the financialization of bitcoin is something that will naturally bring in more freedom?
https://v.nostr.build/RsNk0IxfgW9aWvxu.mp4
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Not well informed sounds exactly like the market we have today 🤣. I like the idea of open banking (non central bank) credit systems. I recently rewatched Ip man about the legend who trained Bruce Lee. Before the war he was a wealthy man in his community and lent money to people in his town to start businesses and grow capital. I imagine ecash mints like that.
1st bitcoiner motorcycle club in Brazil (the world?)
https://m.primal.net/Lyzy.jpg
Pundits are starting to smell blood in the water regarding those central bank #CBDC blockchain projects. https://image.nostr.build/4dc9b5eff6b1c7ccfce25f381fa649bbc3386adfda2a988c3514231555a95741.jpg
Your work reminds me of one of our most celebrated landscape artists, Tom Thomson
https://images.app.goo.gl/dXPgQZEmzTzFfaQd8
Money is whatever you accept on the other side of any trade. Marshall McLuhan speculated it came from our ape instinct of ‘grasp and let go’ of swinging through the trees. That instinct was adapted for trading objects. Grasp first, let go second. So, money isn’t a hallucination- it comes into existence exactly at the moment of transaction, just like a price which is exactly what someone is willing to part with at a moment in time (may not be particularly well-informed at the time).
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Cool. I will watch this. Thanks!
Parker always says money isn't a collective hallucination, so based on that no fiat is actually money.
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No, no it is mine, it is one of the photos I am choosing for my upcoming paintings.
So far the most appreciated is the one from yesterday.
I could understand all the things you're saying when I saw this video
https://youtu.be/V-KFTabWIGM
From the minute 35, it explains the game theory between banks and the anomaly that is a central bank. I could also see all of that related to ecash later
I thought that was Glen from the Walking Dead and read the quote as such.
Nice! Is this a photo from your locality?
Private Power Protocol
————————————
1. Power to Pay Privately
2. Power to Publish Privately
3. Power to Prove Privately
4. Power to Permit Privately
This is #nostr
This is me doing superzaps
https://media2.giphy.com/media/2yUoIisEPpr0I/giphy.gif?cid=6c09b9525zvkjrjnfimclzfy3apu3e40yjtzynmfk8p2u5dl&ep=v1_internal_gif_by_id&rid=giphy.gif&ct=g
On #nostr, we're just a bunch of villagers on a lost island
https://media1.giphy.com/media/t3FM865mEfysE/giphy.gif?cid=6c09b952nmpvg55t3cl14tola35f1qn0t46upu990gp2t291&ep=v1_internal_gif_by_id&rid=giphy.gif&ct=g
So very cool.
I see a renaissance for these kind of things as people get tired of all things electric.
I’m on the hunt for a Christmas snow globe… #note1aa3…c23p
Another zap test. Pls ignore.
I’m a big fan of @npub1tjk…s9w3 ‘s work.
My inspiration for building a payment system where I can say ‘just use this’ on your hand-me-down phone.
Still a few years out, but I see the orange! #note19h5…lkqz
That’s me watching micropayments go through.
I think it can be done bottom up. Permissoonless money that doesn't have KYC in-built was probably the missing puzzle piece that prevented people from doing it earlier.
Wild. I see that being deployed on current pickup truck models to scare the crap out of pedestrians and cyclists.
When you see your note go viral ...
#Nostr #grownostr https://video.nostr.build/458230a3d07a81b8efa9815097c1724b5a34538b7dc737b3731a66f77fdde802.mp4
Yeah, I totally agree. It will take awhile, but we need to move away from that system. Dealing with IETF/ICANN/IANA feels like dealing with the Curia in the 1500s.
Winter is coming.
Automatic snow chains deployment systems like the Onspot mechanism, allow vehicles to increase their traction on snow and ice with a relatively immediate activation triggered from the cab. https://video.nostr.build/eb24d4fae76de06db3b13acc8eb7abf04c9633a9a3b38292650a8e06b3ccbc27.mp4
The biggest thing I learned in my global finance class is that ‘CASH IS KING’. It doesn’t matter how great or bad your balance sheet is if you can’t meet payroll or pay the monthly electrical bill. Cash is typical a cash account, or more usually, an operating line of credit with your bank.
In other words, cash is just (instantly) transferable credit. If you have cash in a bank, or ecash in a mint, it’s not really about fractional reserve (good/bad balance sheet), it’s about getting your cash out NOW! If you can clear your ‘cash’ instantly to another mint/bank, it forces them to be honest. If 100% do this on a daily basis, then 100% reserve is the only choice; if only 5% do it, then a 5% reserve will do the job. It’s the bank or mint operator that has to manage the risk.
FWIW, I have operated a Cashu mint for over two years now. Since I am a private operator, I don’t have to tell anyone my reserves. The only thing that I need to do is clear out instantly for anyone using my mint.
Subscription = KYC
We are thinking about ways to build non KYC IANA competitors using existing protocols. Nostr already made ICANN irrelevant, but IANA is still a central point of failure...
The biggest issue is forcing everyone into a subscription model because the system is so archaic and forces KYC. It’s pretty profitable for the incumbents because you get surveilled by default, and it’s really hard to get out of those subscriptions.
I heard one story that the only way someone could get out of a subscription was to cancel the credit card.
I am always charmed by my DNS provider who charges me, unnanounced about a month before a name expires.
And no the mental burden of making decisions (choosing a business model) doesn't force us into subscriptions. Business models can be automated. If anything, that mental burden forces us into custody..
FWIW, fractional reserve went out the window in the early days of the pandemic (March 2020). Most banks now have a zero reserve requirement. Their only concern now is overnight loans for liquidity, when they need to clear with other banks, and the central bank steps in once in a while to back the loan if they don’t have liquidity.
Nope. I’m not. It’s credit all the way down. Anyway, most banks now have zero reserve requirements with their central banks. If fractional reserve is an issue, then the credit is only accepted at a discount.
Yup. It might cost you 2 sats to clear, but hey, that’s ok.
You're probably confusing credit with fractional reserve.
What people here are against to is fractional reserve.
The issue is not credit. The issue is bank and government credit that gets passed off for cash. The banks have it great because their credit is pegged at 1:1 - there is no discount for their risky behaviour. And then all that ‘cash’ flies into durables like housing.
About four years ago, I went deep on central banking and monetary operations. Just over two years ago #Cashu came along, then I discovered #nostr. I realized you could build an entirely new monetary and payments infrastructure using Bitcoin as the base layer, and something that could rival the likes of SWIFT, BIS, etc. and which could handle a sat micropayment as effectively as a final settlement in the millions or billions.
So I set out to build it to prove it. So far, it does not disappoint. I am now doing zaps of 1 sat to a record I set yesterday of $250 USD. All with the same tech!
#nostr #safebox #note10xx…x8ar
Credit is not popular at this time, and for good reason: the world is drowning in debt.
#ecash and protocols like #BitCredit will have their time to shine:
https://github.com/BitcreditProtocol
Exactly. Cash is just transferable credit. Let the market decide what is transferable or not.
Credit, when moved by the market and not fiat currency and worse fiat regulatory regimes, is very useful.
Hear me out.
Credit is not a bad thing. It enables the monetary system to expand and contract when necessary. This was the case in Canada where the private banking system could issue notes that were redeemed at par at the competing banks. This was especially important during harvest season (August-September) when an increase in currency was required to facilitate transactions of buying/selling grain.
If any of you have read George Selgin’s or Larry White’s work on private banking you realize how effective it was. In the US, it was a disaster because private banking was over-regulated to begin with, forcing state banks to bank only within their state, while in Canada, branch banking was allowed across the country. So if you were a grain farmer in Regina and someone paid you in Bank of Montreal dollars, you could deposit the full amount into your Bank of Nova Scotia dollar account at your local branch.
Not to say the system was perfect, but it was pretty damn good, until someone got the bright idea that we needed a central bank like the US, most likely to help the government borrow and fund large projects (wars).
How does this relate to below? We can return to the banking yesterdays of yore, but instead of paper credit notes (cash) we can use electronic credit notes (ecash). By virtue of their instant redeemability it keeps everyone honest and a system that keeps its equilibrium. If you want the theory, read Larry White’s book on private banking, which I did, and then applied the theory to what I am currently building, #nostr #safebox. #note1z0l…vuxa
Monetary Layers.
1. Bitcoin - commodity -> fixed asset
2. Lightning - collateral -> faster transactions
3. Ecash - credit -> funding flexibility
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Under the hood, the transactions are facilitated by Cashu tokens which are fundamentally a credit instrument. If the payments happen to be cleared by the same mint, nothing actually touches Lightning.
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This is one of the places that price does sort of matter, as Lightning is constrained by liquidity based on how much actual BTC is available. Same BTC worth more dollars = more dollar based value that can be transferred via Lightning.
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GM #Nostr 🫂🎨💜☕
https://image.nostr.build/5c85884b956a5ea7a1767cb102ceaea5e7523f24c80f3e049c096d57bc220c13.jpg
I will read this for a good laugh. The IMF is really doubling down on CBDCs, despite the fact nobody actually really wants them. That proved to be the case in my country where a public consultation revealed that over 80% of the respondents were opposed. Despite the evidence to the contrary of any benefits (except bureaucracratic self-interest) the beat goes on…
https://www.imf.org/en/Topics/fintech/central-bank-digital-currency/virtual-handbook
Thanks! It’s not pretty, but it works!
Wow Great Work
https://image.nostr.build/6e798d6ed07dbe03f8f3a342a98d9e2fb78ef3de5b1a61037afb559ce38c0c4f.gif
How do i try out safebox?
Kenya is the one wanting to kyc every imei entering the country, and went full dictatorial during the covid vaccine days. Some real lunatics in power over there
Testing zaps of amounts approaching $250 USD to demonstrate that #nostr can become a serious payments system.
I'm testing with #nostr #safebox that stores the funds in relays in the form of Chaumian ecash proofs. It is working like a charm.
I believe that this can become a global unstoppable payments layer that can handle not only micropayments but regular and large scale payments as well.
#nevent1q…rcfw
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Was the kind1 the zap or was the kind1 zapped from safebox?
Success!
A 100k zap and a 300k zap using #nostr #safebox
#nevent1q…rcfw
This is a superzap test, please stand by
https://media.giphy.com/media/SQiQu6lbG8bn2/giphy.gif?cid=ecf05e47sh77pg5tjjx90pe0omdykiksih1qckil9l04h08t&ep=v1_gifs_search&rid=giphy.gif&ct=g
One thing I've noticed while being in Canada this week.
When I hold the door open for people I get zero acknowledgment, no thank you, no eye contact whatsoever.
I'm wondering if this is normal in Canada or if it's just the area that I'm currently staying in?
A pic from our hike today.
https://image.nostr.build/937aa0ee6f80bfbf4defe4ae88bc8ff4a3df001d02f798c0ba0ef82513247641.jpg
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What if somebody told that there is a monetary and honours system that exists outside of the legal system?
The English Law Commission recently concluded that there are ‘things’ that exist beyond the legal system, beyond that of ‘things in possession’ and ‘things in action’ that exist because of the legal system.
Bitcoin and Nostr, together are that monetary and honours system.
Bitcoin+Nostr is the Global Village Layer. Once I have someone’s npub, I can interact like we are in the same village: I can directly pass a note or coin without anyone getting in between.
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And the State is either 1 or 0.
Yes. The CPU is a highly efficient execution engine that cannot change instructions. How wonderful.
and the CPU is the executioner.
Woah! You can’t make this stuff up!
TIL about BBC Pidgen: https://www.bbc.com/pidgin/articles/c78d7e75rppo
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Code is law
Don’t trust people, they can change the rules at will. So Satoshi Nakamoto can disappear. But the code will live forever.
https://media.tenor.com/msoM3Ck0e6sAAAAC/freedom.gif
https://www.cnbc.com/2024/11/08/jack-dorsey-dramatically-shutters-blocks-tbd-crypto-unit.html
https://image.nostr.build/3a4ed9cae36774cbdcb45382837b7f4719dc2bf6e3844187bd74e72c87f53dd1.jpg
It’s not about trust, it’s about base layer integrity.
Governments don’t create, people do.
The dog has caught the car.
Some people don’t know how to win.
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I am intrigued as you are…
I honestly believe zaps can become a serious payment system. I am stress testing 10k sat zaps, did a 100k zap - all with no problem. My goal is to do a 1M sat zap in the coming days. The cool thing is that the funds and balances are all managed behind the scenes as ecash proofs stored across relays.
Right now testing using a cli, but the component being built is being designed to bolt into the back end of anyone who needs a micro payment system.
This is #nostr safebox https://image.nostr.build/8e21f2aa6fcbb64ffab39d11aeef3b0362367ed0b9d0ef84c44b53a242424cad.jpg
Context missing. Curiosity intensifies.
Interesting nonetheless.