The future of Nostr clients is multi-continent, multinational, multilingual, multi regional and multigenerational. It will not just replace Twitter but Instagram, FB, TikTok, Pinterest, Snapchat, etc
It won’t need you to be literate in any text or written languages.
To build this future there will be amazing client experiences.
Clients: Companies and developers could create custom Nostr clients tailored to specific needs and user experiences, from lightweight messaging apps to full-featured social media platforms encompassing all types of media.
Interoperability: Despite the variety in client applications, all would adhere to the Nostr protocol and agreed-upon NIPs to ensure interoperability. Users on different clients could interact seamlessly, sharing and receiving media without barriers.
However none of this will matter because like 99% of the Internet do not know what SMTP or SMPP is the future clients will never know what Nostr or relays are. They will be buried somewhere deep in the “settings” 😀
https://m.primal.net/HvGv.jpg
And media often promotes these bad behaviors because it’s profitable. Yank the smart phones from your kids below 18, give them a dumb phone with gps (not kaios based) so you can delete WhatsApp, google browser, YouTube. Give them a locked down laptop with tools for building, learning or designing stuff. Curiousity Stream (in kid mode) and Angels studios come to mind, search about the ideologies behind the books they are reading before you ok them, let them know there are 195 countries in the world and the USA is only one of them, reward character building over academic achievements and warn them about the dangers of a single story, to think for themselves and for the why behind everything. Yes, being a kid or parent has become more complicated.
Nigerian Bitcoin Christmas present. 1st released on Nostr 😎 This is signal.
The guidelines issued by the Central Bank of Nigeria (CBN) for Virtual Assets Service Providers (VASPs) provide a comprehensive framework for the regulation of virtual assets in the Nigerian financial sector. Here's a summary of the key aspects, including permissible activities, exclusions, and compliance requirements:
Permissible Activities:
1. Opening of Designated Accounts: Financial Institutions (FIs) are allowed to open accounts specifically designated for virtual/digital asset transactions.
2. Settlement Services: FIs can provide settlement accounts and services for virtual asset transactions.
3. FX Flow Channels: Acting as channels for foreign exchange flows and trade related to virtual assets.
4. Other CBN-Approved Activities: Any additional activities permitted by the CBN over time.
Exclusions:
1. Digital Representations of Fiat Currencies: The guidelines exclude digital representations of fiat currencies, like USDT and USDC (stablecoins), which are covered under other regulations.
2. Securities and Other Financial Assets: Digital assets that fall under existing financial asset regulations are not included.
Compliance Requirements for VASPs:
1. Licencing: VASPs must have a valid license issued by the Securities and Exchange Commission (SEC).
2. Documentation for Account Opening: This includes evidence of SEC licensing, company incorporation documents, details of directors and principal officers, and other corporate information.
3. Restrictions on Account Use: Accounts must be used exclusively for virtual/digital asset transactions, with specific restrictions on cash withdrawals and third-party transactions.
4. AML, CFT, and CPF Policies: VASPs must adhere to Anti-Money Laundering, Combating the Financing of Terrorism, and Countering Proliferation Financing policies.
5. Risk Management Systems: Establish systems to identify and mitigate risks related to money laundering, terrorism financing, and proliferation financing.
6. Customer Due Diligence (CDD): Implement and maintain robust CDD procedures, especially for significant transactions or changes in customer information.
7. Record Maintenance: Keep comprehensive transaction records for at least five years.
8. Reporting: Regular reporting of account activities to the CBN, including transaction volumes, values, and any incidents of fraud or theft.
9. Operational and Transactional Limits: Establish and adhere to transaction limits based on risk assessment criteria.
Not Permissible:
1. Non-Designated Account Operations: FIs are prohibited from using non-designated accounts for virtual asset transactions.
2. Concessions on Designated Accounts: No concession agreements or arrangements are allowed for designated accounts.
3. Interest on Designated Settlement Accounts: These accounts shall not be interest-bearing.
4. FX Transfers for VASP Transactions: Prohibition on facilitating foreign exchange transfers from VASP transactions to foreign accounts.
5. Misuse of Designated Accounts: Strict adherence to the intended use of designated accounts is mandatory
Just listening to ABC (Africa Bitcoin Conference) panelists and reflecting I feel the need to address the way speakers, including Emily, Mike from TBD, and Chris from Yellocard, communicate. Their approach often seems subtly condescending, which may be unintentional but is still noteworthy. As builders in Africa, we value the open-source nature of our work, which allows for independent development and innovation.
On another note, Jude's emphasis on the importance of self-funded mining operations for African entrepreneurs is a vital point. Meanwhile, Obi's insights on the low cost of peer-to-peer transactions, more convenient remittances, and the ability to earn remotely, are equally crucial for our progress. We appreciate sincere assistance, but actions speak louder than words. It's also important for us to be cautious of any funding that isn't a straightforward grant and comes with strings attached. Additionally, rethinking terms like “global south” can help in aligning our discourse more closely with our realities and objectives. Let's focus on building a collaborative and respectful ecosystem.
https://m.primal.net/HSMR.jpg
Most of us will have an approximately 665,736 hours experience on this terrestrial plain. Just under 1/3 of it we’ll spend asleep. So we should all live like we are dying; because we are. Our posts should be meaningful and kind if we can help it 😉for posterity’s sake.
As I save my private key for my zap stream to a secure location on my device, my gut tells me 99.99% of people who will come across Nostr clients would be spooked by this bad UX. It’s not utility that’s missing with Nostr clients its the usability,
The average WhatsApp user can’t imagine life without. What’s needed is an instant messaging app that has utility that users can send and get instant financial value regardless of their location for near free. Globally. That would not replace WhatsApp but could have a similar scale with it.
Oddbean new post about login | logout
Notes by mosh | export