Oddbean new post about | logout

Notes by Joshua | export

 Do you think nostr will ever implement the smtp protocol? 

Having email on npub would be great 
 Wouldn't that just be a DM client with an email UI? Or are you thinking of a nostr/SMTP bridge? 
 Good morning and pura vida, Nostr! It's time to create notes and send zaps! 🫂🤙🏻💜

Thi... 
 GM, let's kill that battery ☕ 
 whats your myers-briggs type? for science. 
 ISTP 
 Would users be too annoyed if Amethyst removed the "Create Account"/"Log in with nsec" and added ... 
 Forcing amber would be annoying. I like the idea of an [export nsec to amber] button in settings somewhere. Normie's are becoming familiar with enabling 2fa and if presented in a similar manner, I think it would be a reasonable cognitive leap. 
 What happened to your Christmas spirit?🎄👻 
 We should stop saying "I asked AI to do this" - it implies AI has some kind of choice and autonom... 
 If it isn't able to comply with your command, their censorship is more obvious and the tool doesn't look as capable. Its kills the magic. 
 The people who print money out of thin air don’t like #bitcoin because they hate you and want y... 
 Gm ☕ 
 GM 
 GM ☕ clever coffee there 
 Why do fees suddenly spike to like 300 sat/vB for these ordinals things then drop back down right... 
 Skimmed the runes specification, and it looks like they only have x blocks to mint new runes after a new 'coin' is established, until they reach the issuance cap. 
 Can anyone ELI5 me why would I want to run a relay on my phone?

nostr:nprofile1qqs827g8dkd07zjvl... 
 You can also run orbot and set it up as a tor service. Then set it as your DM inbox so you can self-host private DMs. Keeps the events off public relays. 
 I actually have a #Bitcoin question that I think most of you can answer, so it's finally advantag... 
 I don't know if there's a tool to keep track of all the small buys. If you buy from a KYC onramp they should at least keep a record of your transactions and make it available at tax time. For zaps, etc. you would have to check the value at the time received and keep a record. Again, I don't know of any wallet or service that does this. The decision to report or not is left to personal convictions and applicable tax code. 

The USD price is not recorded on chain, but you could use the block timestamp to look up the historical price at that time. It wouldn't be exactly what you paid, though.

 
 In the case of random, small buys, you could keep it all on one exchange so you have a record of price, date, and amount all in one place. There are privacy sacrifices with this, but it keeps the accounting relatively clean. You would still have to track the zaps, gifts, etc. 

There are platforms like koinly.io (not an endorsement or recommendation, DYOR) which can pull data from your exchange account(s) and the blockchain. But in my experience they have some manual adjustments required. And it still doesn't account for lightning txns. 
 IRS allows First In, First Out; Last In, First Out; and Highest In, First Out. Make sure you apply the same method to every sale transaction. HIFO let's you count the sale price against the highest paid cost, which minimizes your gains for any given transaction, but may affect whether the sale is taxed at the long-term or short-term rate.

Make sure to DYOR. I'm no professional, just sharing my experience. 
 i still don't understand how borrowing against your bitcoin solves anything. 

if i am 100% bitco... 
 All debt is high time preference. But one can attempt to game the system by borrowing against their stack.

To buy a median priced ($412k) home, you would have to sell ~6.15 BTC to own it free and clear. You could DCA the $2000/mo payment to repurchase your corn over 206 months (17.17 years), assuming your average cost stays <= $67000.

Or you could get a 50% LTV loan against that 6.15 BTC @ $67000 ($206025) and pay $1262/month on the home loan. You would also be paying $1262/month on the bitcoin loan (assuming same rate and duration as mortgage, which is a big stretch). However, as bitcoin price goes up, you can reclaim some of your collateral corn from the loan or pay off the mortgage with the increased value.

If the price doubles, you can withdraw 3.075 BTC and sell it pay off both the mortgage and the bitcoin loan, or sell some of the corn each month to make payments on both loans, essentially a ₿CA(?) into your house. The remaining collateralized bitcoin would be "repurchased" from your lender at $67000/BTC + interest premium, which is still a 49% discount to the new price.

Personally, its probably not worth the trouble. Just take out a regular mortgage (or business loan) and cut some corn each month to make the payments. If you still get paid in fiat, you have flexibility to cash flow the payment if there's a significant drawdown.
 
 I am pinching myself on how NUTS (pardon the pun) this is. Every #nostr #safebox instance becomes... 
 I don't understand what's going on here, but it sounds sick! Looking forward to the first release. 
 If you could hand pick anyone to be President of the United States (following same rules, must be... 
 Wasn't that why they picked Washington? 
 Good morning.

Some of the best people I know are nostr only. 
 Gm Nunya☕ 
 Adjusting for base money inflation, a house is clearly not a store of value. https://image.nostr.build/2a237ffab48718acafad59e6a6bc65bd36fc33d30ddab4c9dbca1f644dd209d5.jpg 
 This looks great!
nostr:nevent1qqsyyegda0msh3la2nt5cg4qg0fq7xsaayjyr8kymw62xg73v6r7vhsppemhxue69uhkummn9ekx7mp0qgswft34d8euqh383rns727g6dmhu8styneuglznjk28zkj7u0fuaygrqsqqqqqpca4v2m 
 GOOD AFTERNOON
ROCKET LOOKS LIKE LAUNCHING 
 GA🚀 
 The WordPress drama and concerns over private equity vs. #FOSS got me thinking and I'd like to #asknostr :

Would it be possible for someone to release a super-polished client (let's call it twittstr) that protected every note with DRM (on top of protocol signatures and encryption) so that users could only read the note if they pay 12000sats/month for access to protected notes?

12000 sats would also give them a dedicated relay, media server, caching service, nip-05, and lightning address. Solve a few more WoT and discovery problems, and it lowers the bar a great deal for non-technical users.

Obviously nostriches could simply ignore the walled garden. But what if the client (and it's VCs) were able to on-board a significant portion of current social media users? 
 Which should we develop next on Amethyst? 
- a Jobs board where you can offer your services and f... 
 Job board and local feeds would be excellent complimentary features. 
 I had to call them when I closed mine. I don't recall the reason, but that made me dislike them even more. 
 GOOD EVENING
ARE YOU BULLISH ? 
 GE, always bullish here 
 Burning is to good for them. nostr:note1hgvaenzanmv374upecfujp7k2txuglpkydw9p9np8lzxkzpnfa0qq7mrzk 
 Red Cross is trash, they just want to hand out virtue signal blankets. They don't want to help anyone but their own fiat bags. 
 I'm of the opinion that all the "old guys" who actually knew (understood) how the things worked were retired by the pandemic and then when people came back, there was no one to make sure everything operated properly or pass on the knowledge. 
 Sacrifice yourself to save Gaia, the helpless earth-god.  
 This is how the USPS pays for its fancy new fleet of EV surveillance machines. 
 Gm to all the non-cowards ☕️ 
 GM ☕ 
 "This recalibration of our policy stance will help maintain the strength of the economy and the labor market, and enable further progress on inflation," -Powell

All I see is, "enabl[ing] ... inflation."


 
 If you charge your phone twice a day you might be a nostr user  
 You can take yours off the charger?!? 😆 
 What’s the best book you read in the past year? #bookstr 
 Everyone's a Theologian by R.C. Sproul.
Very high-level overview of Christian Theology. Its a relatively light read on a heavy subject.

Second is The Great Taking by David Rogers Webb. How the Uniform Commercial Code allows secured creditors to claim custodied assets before any retail claims in the event of the custodian's failure. 
 Looking for whiskey recommendations. ~$60 budget
#asknostr 
 Good morning. ☀️ 
 GM ☕ 
 GOOD MORNING NOSTR.

STAY HUMBLE AND STACK SATS. 
 GM ODELL ☕ 
 Good morning and pura vida, Nostr! It's time to create notes and send zaps! 🫂🤙🏻💜

Som... 
 GM Derek! ☕ 
 What should be the default of a fresh Amethyst install? 

1. Tor enabled for relays, but clearnet... 
 4, or 1 if boot time is impacted significantly 
 Cracked both of my displays over the weekend, forced to move to laptop then kid decides to throw ... 
 Maybe your sign to take a technology break 😂 
 Isn’t it funny how the self-proclaimed “liberal” governments who warn about the “dangers ... 
 They tell you its liberal as in freedom (li erty) for the governed, but they mean freedom for the governors. Or the other meaning: giving or using a lot of government. 
 Reading Parker Lewis' Gradually, then Suddenly. This is why I trust Bitcoin.

"...Bitcoin feeds on disorder, stressors, volatility, and randomness."

#Bitcoin is Antifragile 
 Good morning and pura vida, Nostr! It's time to create notes and send zaps! 🫂💜🤙🏻

Let... 
 GM ☕🤙 
 Happy Saturday beautiful people. 

GM! 
 GM, its a beautiful day ☕ 
 GM ☕☀️
 
 Good morning! Uncle is taking a break from social media, but with BTC hitting $53K, I thought I'd... 
 Enjoy your break! 🤙 
 Enjoy the rest 
 GM, that's beautiful ☕ 
 Good morning and pura vida, Nostr! It's time to create notes and send zaps! 💜🫂🤙🏻

Nos... 
 GM