Just finished the HBO documentary and damn, nostr:nprofile1qqsve2jcud7fnjzmchn4gq52wx9agey9uhfukv69dy0v4wpuw4w53nqpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9uk3h9ux final take is worth the ticket (even if torrent doesn't require to pay tickets lol).
All the NGU bros should sit down and rethink what bitcoin is and is for.
We shall make bitcoin used by anyone, not simply "for anyone".
I've never realized how much giga chad Amor Taaki is. You can claim that he is not a bitcoin "maxi" or whatever, but they guy fights hard and he definitely would die on the hill.
How refreshing! Catching up with stuff happened on #Nostr is increasingly demanding, that's very good news.
Tech runs faster than individual brains, I suppose
The way to fuck the system is to realize that the stuff you pay attention defines your world.
You're what you pay attention to, your world is what you care about, your humanity is who is around you. Minimalism can help as long as you don't underestimate the role of happiness in life: nothing is worth doing just for the sake of it. Fucking the system is not of any use per-se, I prefer to explore the world and then, eventually, understand that my happiness incidentally intersects the "fucking of the system".
That's not so bad, is it? Cov-idiots will stay at home and thus will not bother us. Social media cov-idiot gangs will be still sufficiently far away from you if you're #Nostr only.
I'm not worried at all.
Dammit, I've never been a social media guy bit this Nostr thing is a big deal!
Mainly because it incentivizes you to be a creator, not a mere consumer.
Mature social media platforms are distinguishable because usually there's a bunch of creators and then the wide majority of users a consooomers. Now, we don't know how Nostr will be into 10 years, but it feels different.
Also, consider that all the social platforms out there are mature or on their way to maturity...we're on the right spot at the right time to take over this mad social media game
Oh..GM btw
There's a lot of Dunning-Kruger out there, agreed. Some fellas are assumed to be experts in everything simply because they are knowledgeable about one thing.
DYOR, as always.
Agreed
Then all the people out of United States should ask for a reimbursement from "americans" because of the orwellian surveillance that US 3 letter agencies do WorldWide. Plus the financial fiat shitshow pivoted by the FED that impacts all the planet.
We didn't ask for these too
Thinking about burning down
to the roots my smartphone screen time, possibly burning this nym too
Sometimes rebooting is the best move to do, even if costly
Nobody feels represented by EU, but magically during this kind of competitions EU manages to brainwash people in believing that there's somehow an EU identity out there that people believes in.
Serious technical questions about #cashu
#cashu enhances privacy at the custodian level by leveraging ecash and blinded signatures, I got it and the inner worling ofnthe mechanism.
If I connect to a mint from the same IP (being that with VPN or my true IP) isn't that ruining my privacy that I supposedly gained with the cryptographic tweaking?
And if I use tor to connect to a mint, am I supposed to create a new tor connection every time in order to break any correlation and link between token requests?
Since creating a new tor connection for any interaction with the mint is a bit redundant and slow, could NWS somehow solve this issue? Is NWS a viable service for anonimizing the requests to mints?
#asknostr #cashu #ecash #bitcoin #tech #privacy
This is not the question.
Since the #cashu protocol aims at solving a privacy problem by blinding the mint, I guess that's fair to say that if the mint can still correlate the IPs with the token requests, there's still a privacy leak.
That's not the question either.
Question: I need to take the bus to go from A to B, which specific bus number shall I take?
Answer: take the car lol
I mean, what?
Yep that's true. I give you an example about what I'm referring to
Suppose that you've a single token of 64 sats from a mint. Suppose that you need to send 30 sats: you need to contact the mint, return the 64 sats token and receive back:
1 token of 32 sats +
1 token of 16 sats +
1 token of 8 sats +
1 token of 4 sats +
2 token of 2 sats = 64 sats
With such "coins", you can add up 16 + 8 + 4 + 2 sats, create a payment of 30 sats and send it to the payee.
My issue is that if i contact a mint from the IP A.A.A.A and send it the token of 64, then receive back the splitted blinded tokens still with IP A.A.A.A, then the mint knows for sure that the first token of 64 didn't change owner and indeed was a "change creation" request and not a spending request. For sure the mint cannot know the exact "shape" of the blinded secrets, but knows that I'm due to creating a transaction.
Fair enough for the fact that the more the mint users the more difficult to do this reasoning, but still if every interaction with mint is from the same IP, the mint can possibly create an identity profile for their unique users.
Or am I missing something?
I once paid a coffee (0.5 dollars) to someone from here (central europe) to Brazil, with several time zones of difference. All in half a second, with a final settlement of the transaction thanks to a neutral protocol.
No other technology can do that. No other cRyPtO can do that.
Retirement is not a matter of "I hope that...", it's about an high confidence that things will happen, so that I can safely consider myself out of the rat race without being forced to enter it back again because of some unfortunate event.
I'm quite sure bitcoin will establish a crucial role as a freedom protocol and possibly as an alternative monetary asset (we're already at that point). What I'm not quite sure about is the price at which the asset will be exchanged 1day, 1week, 1 year, 10 years from now. Bitcoin can still lose its primacy, can still suffer by some undiscovered consensus bugs, can even perish from the technological pov and became a 100% financial asset, in which case I wouldn't consider it as a win.
Therefore, I'm not sure that sitting on 100'000'000 sats will free you from the rat race anytime soon.
If you want to believe it you can, but that's not a good financial decision.
Moreover, retirement it's a matter of stream of income too, which bitcoin does not garantee because it's not an income asset.
Thus, you would have to sell it gradually to pay the rent and stuff, or maybe use it as collateral, but that's a very high risk move considering the asymmetric loss you would suffer by losing the sats due to hacks or bankrupcies.
BUT, on the other hand, collateral is a good option as long as the gains extracted from the appreciation of the asset outperform the compounded intra-year gains obtained by investing the cash (from the colateralization) into other markets (or an entrepreneurial activity). I expect this to happen in the medium term (5-10 years), not certainly in the long term (10-50 years).
The result of this is that you have high incentive in collateralizing your sats now but now you risk way more due to political, economical and technological uncertainty. You would like to collateralize them in the future, when finally retired, but if you're young enough you could run into a situation where the gains from the price appreciation will be lower and you would need an active stream of income to cover the loan you got from collateralization.
Again, do your own math. 100'000'000sats are probably good to live in a very very very poor country, but:
- I dubt that into 30 years the country will be still as poor as now, thus the cost of life will increase
- if you have children or want any, don't you want them to benefit from your financial intuition with bitcoin? If so, why stopping working early and leave potentially some relatively cheap sats on the table?
- I doubt that in the very very poor country you'll be able to spend sats safely or/and will not be robbed
- anything could happen...even if 100'000'000 sats will be worth half a mil dollars into 8 years (which is a reasonable estimate for that time span), still that's not so much to retire and never work again.
Sorry for the extremely long reasoning.
Okay, fair enough. My definition of "retirement" is to not have to work anymore. If you start a business that's possibly very sustainable, but not aligned with the definition of "retirement"
Your approach is perfectly fine.
I tent to leave way more than that in custodial wallets, but that's a matter of preferences.
Mutiny wallet is brilliant and works well for the non custodial experience on smartphone. Blixt is good too. I used to stick with Phoenix but since the introduction of Splicing they changed some mechanisms such that I'm not fine with that anymore.
Sats related to Nostr always go through custodial cashu wallets for me, because a little bit of privacy and because I like the technology a lot.
Run your node and caahu mint if you can!
Happy sunday y'all!!
Weekly reminder that something can be false even if it's written down, can be deceptive even if it's spoken out.
#Nostr is the most sincere and honest way to setup social interactions online, because it's neutral.
Still, people can say false stuff, audios can be faked, photos can be manipulated. Don't believe to everything you see.
Have a nice day 😉
Honestly, I don't believe a word he's saying. Just because there's a video of someone saying something it doesn't mean that's true...it's unlikely that the guy is a former democrat supporter.
We're headed to a period where deepfakes will be everywhere in the social media, budgets allocated to marketing will be increasingly big...and the social media budget means also paid actors, means also fake profiles, bots et.
Hey, that's true for both sides of the spectrum, not only for Trump's campaign.
If I can't verify that the thing is true, I train my brain to consider the thing not relevant.
Have the Monero fanboys here even tried once at swapping monero for bitcoin?
If they did, they would have noticed that it's freaking impossible at reasonable rates
Man, delisted from everywhere...
how this sounds: very #chad
what it actually means: freaking illiquid
Have a nice one
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