Oddbean

With the recent rise in fiat price of Bitcoin, it's not surprising to see a lot of people who were sitting on the fence jumping in, asking question like "how can I invest in Bitcoin?", "is this a good time to buy?", "What about this cheaper coin?" But this is new. Since I've been talking about Nostr and ranting on how facebook and X is twisting your psyche and damaging your ability to think clearly, a guy ask me where can he buy Nostr stocks. I initially told him No, there is no 'The Nostr Co., Ltd." that he can invest in but I think it's better to explain that in more details. Nostr, or The Nostr 🤣 is a protocol for transmitting notes and other stuff through a network of relays. (The name stands for **Notes and Other Stuff Transmitted by Relays**) where individual can broadcast a message, which can be anything, to a network without having to sign up for an account anywhere, all notes and other stuff only requires a digital signature to verify its validity, there is no central server where the notes and user account information are kept, users create and maintain their own account by generating their own private / public key pairs. It's a decentralized communication protocol that is open to anyone. It's a dumb protocol that anyone can build their own applications on. The first applications were created to facilitate signing, broadcasting, and aggregating notes to and from relays, acting like a 'Twitter clone' but more and more applications are exploring ways to utilize the 'Othe Stuff' aspect of the protocol. ## So, how do you actually 'Invest' in the Nostr? While the initial answer is no, there is no Nostr coin or stocks (Well, there's probably a shitcoin called Nostr, created to fool those Fomo'ing in), once you understand what it is, you actually can, and there are several ways. 1. **You can invest in the protocol development itself.** Jack Dorsey was probably one of the first investor of the protocol, putting $5m into helping fund the development. @fiatjaf publishes how the fund is being utillized publicly on: nostr:naddr1qqyxvepkv33nxdmrqgsrhuxx8l9ex335q7he0f09aej04zpazpl0ne2cgukyawd24mayt8grqsqqqa28qjqkz8 2. **You can invest in the apps.** The most popular 'apps' right now would be @jb55 's Damus on iOS, @Vitor Pamplona 's Amethys on Android. Or pick any client you love, I'm posting this on Nostrudel.ninja created by @hzrd149 and there are a bunch of other interesting clients to use, explore, and maybe invest in, like primal.net, snort.social, iris.to, lume, gossip, blowater, (shout out to @Sherry , I'll be trying it out a bit more today.) 3. **You can find many interesting 'Other Stuff' projects to explore and maybe, fund.** @PABLOF7z has a ton of projects like nsecbunker , hilighter, datavendingmachine, etc. We even have a few Thai projects like wherostr.social by @nickydev 4. You can help grow the network and its use case by **investing your time and expertise to build your own app!** The Nostr is an open protocol, you can get started right away without any permission from anyone! 5. Or if you really really want to just buy the coin, well, on Nostr we currently uses satoshis. So if Nostr became more widely adopted, it's possible that that will increase the demands for satoshis as a means of payment and thus, increase the value of sats. ***And sats are still cheap, you can get 1 million sats for just 0.01 bitcoin! 🤣 So, yeah, maybe buy some sats and start stacking'em!*** Last but not least, even though it's only been around for a year, Nostr is getting its own conferences already, There's Nostrica in Costa Rica back in March, you can watch the recordings here, https://nostrica.com/ And Nostrasia in Tokyo starts in just a few days from now, you can still sign up for the livestream at https://nostr.world/. Go to these conferences, meet with people, talk, and you might find something you'd love to see grow into a successful business. Unfortunately, I couldn't make it to Nostrasia this year as I can't stand being away from my kids any longer than I already have in Bali @Indonesia Bitcoin Conference , but I will definite not miss it next year. :D #siamstr #nostr #nostrasia https://image.nostr.build/9de7b6700d01421fc380c5c653991d66b9c7219f1ce2bcc11584c9dae7f43739.png