Supernova - Grégory Privat


The flippening has happened for me. I am spending more time on Nostr than any other social app. I very rarely post on X and when I do, the signal gets completely lost in the algo. Nostr made me comfortable to post again and many posts give me joy or new insights.

I had my account over a year but only last week I started playing with all the different apps using a signing extension. That was a true rabbit hole moment, like seeing my first transaction on the timechain over 10 years ago. The ecosystem is already so rich yet it’s only starting. The talks from Nostriga have really inspired me as well.

I am starting to feel better, more positive, whereas sessions on X leave me somewhat anxious. It’s still very useful tool to follow technical fields, hopefully we can engage with researchers, artists, musicians and technologists to build their own communities here.

So besides this post which is about Nostr itself, I will try to add value in the future.

Interesting to think about more and more content that could uniquely becontributed to Nostr. There could be different level of ‘signal’:

#nostrfirst: first posted on Nostr.
#nostronly: only posted on Nostr
#nostrnew: only posted on Nostr and content that previously was not available anywhere on the internet, accessible to any algorithms, AI etc. That could be new content, or posting pre existing analog media that was never posted online.


nico

☕ Designer, Creative technologist
🧡 Class of 2012 - always learning
🇬🇧 London


I am half expecting 10:1 or 100:1 exchange ratio for future CDBCs, unit bias is a great way to debase quickly.

Price of bread going from 0.1 to 0.2 just doesn’t feel like 10 to 20.


And right on cue a NIP just dropped to address this 👍

https://github.com/nostr-protocol/nips/blob/d31a1490537db439dd853269781955f6a0cdf78e/102.md


I guess all of us created our nsec with a quick tap when first testing nostr - not releazing we’d get so much value out of it. Would suck to lose it now, is there a process to switch to a new key and preserve social graph? Probably very tricky to design way to do this without opening up new vulnerabilities.


Getting this error sending a zap on nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg  - any ideas what is the issue?

‘The receiving wallet returned an error: invalid user name’


Ordered 👍


My kids got bitcoin so quickly - I think one of the traits needed to cross the chasm is a child like curiosity


For pensions etc where spot is not an option


UK bitcoiners are all in on MSTR. Come for the stash, stay for the accumulation. Also we don’t have etf yet so we just had to.


Before summer a lot of nostr content was also posted on x. Now  most of it is Nostr only which completely changes the value of that growing network.


Same here - it’s now my first recommendation for anyone new, along with nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a excellent video summary. After that I tell them there is a lot more I can recommend and my next list is usually
- check your financial privilege
- the price of tomorrow
- layered money


Is there a good instagram replacement built on nostr? Is it just potentially a different viewer for notes or something different?


Nostr devs are on 🔥


It feels good here.


Wonder if anyone tried to fit power law to btc priced in m2 or m3


Interesting - another option is to price in m3 to try and normalize. Even priced in oil, one OPEC meeting would be enough to break any model.


Good luck fitting to this 😅
https://m.primal.net/KLKs.jpg


Did you notice bitcoin price models are always for BTCUSD? All models will fail because BTCUSD is measured in fiat which is controlled by small group of humans with their own incentives.

A one time devaluation for example would break the models.

We don’t see power law fitted to BTCX where X is a weaker currency like Lebanese pound.

The rate to trust is BTCBTC = 1.


Why is every supermarket always out of parchment paper? We need to ramp up production 😂


Happy Sunday ☀ 📖 ✊ https://image.nostr.build/acb49ea589e49daf59e618bd044b135e0b7a6672a3052ba945d043dbecdd9719.jpg


Debt to GDP as core metric is already looking bad in most countries but seems very misleading. For a household you would take all debt (liabilities) vs income. For a mortgage here is an example guideline for DTI (debt to income):

100% or higher DTI - these prospective borrowers represent a huge risk and do not show an ability to make regular mortgage payments. Almost all lenders will reject an application in this instance.
75% to 99% DTI - borrowers who are very high risk. A select few specialist lenders will be willing to look at the application and make a positive decision where other factors are given more weight, such as credit score and a clean credit history or substantial deposit.
50% to 74% DTI - high risk borrowers. Some specialist lenders are willing to accept applications at this level, but terms are less favourable and larger deposits are required.
40% to 49% DTI - moderate risk borrowers. Specialist lenders will want to see good credit history and may ask for larger deposits.
30% to 39% DTI - acceptable risk. Most specialist lenders will offer a mortgage at this level at standard terms.
20% to 29% DTI - good borrower. Almost all lenders are happy to approve mortgage applications at this level.
0% to 19% DTI - very low risk borrower. All lenders will consider an application

Now let’s look at US as a virtual household:

Gov income is not (yet) 100% of GDP! More like 17%. So 25.4 * 0.17 = 4.3T

Total liabilities are more like 100T, this is current and future outgoings the gov has committed to even though not all of it is funded - which doesn’t mean the liability magically goes away. Current low estimate for this is 100T.

So the debt to income ratio is about 23.2 or 2300%.

Buying gov bonds is like financing a mortgage for that household.

You know how this ends 🟠.


Argh… UK is soooo not getting this and keep braking on all 4 for the past 10 years, missing the biggest opportunity of all time to become the new center of modern finance.

- avail to HNW / accredited investors only
- not SPOT !!! Paper bitcoin 💩
- also approved ETH etn, not protecting investors from exposure to a scammy unregistered security

https://www.forbes.com/sites/digital-assets/2024/03/28/london-stock-exchange-bitcoin-etns-edge-towards-market-demand-response/


Proper link this time - t-30 https://x.com/spacex/status/1765037578343121372?s=46&t=Meq1xhH1dVb1i9ZvdoQjAg


Actual launch is in 30 mins broadcast starting soon


So so sorry this was a scam link ! Fake spacex channel w 400k subscribers and YouTube not taking it down 😤


T minus 4mins https://www.youtube.com/live/vhP--YgvZ7w?si=m0Y96quxce4-SUAy


nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg why does your lightning wallet activation require PII like email, country and DOB ?


Smash buy on weekend, dry up the OTC desks, build up huge price gap for ETF Monday open, ETF fomo, BTC ngu, MSTR ngu, raise debt or sell stock, repeat.


Confirmed “MicroStrategy has acquired an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477 per #bitcoin. As of 3/10/24, $MSTR hodls 205,000 $BTC acquired for ~$6.91B at average price of $33,706 per bitcoin.”


They smashed the buy button already 🤣

“MicroStrategy used the net proceeds from the sale of the notes to acquire additional bitcoin.”


As soon as the 4y price cycle model is being accepted more broadly it will be broken since everyone will start to front run it. That would explain why we are already making ATHs. What happens when we start to front run ♾/ 21M ?


Bitcoin return last 10y+ are face melting but also totally comparable to returns from a successful startup investment from seed to IPO (for bitcoin, basically from pizza day to the ETF).

From now the baseline is now the “IPO” price (45k) and TAM is a one quadrillion SOV market, of which BTC currently has about 0.1% market share. Public companies have done 10, 100, 1000x from their IPO prices (eg market share going from 0,1 to 1 to 10 to 50%+ saturation) so not breaking new ground in that sense but doing so with the largest market of all.

Only by accepting the enormity and binary aspect of the endgame (the number zero or a number with 6+ zeroes) is someone able to overcome the ‘being too late’ mental block, overcome their ego and jump in.


Ideas > Opinions


Fiat is the volatile asset.


Fiat rug pull in Egypt today https://image.nostr.build/267efd5088f25dc0fbac07d9236821e035593d2c44ea3b0b6e36b8fb6010aa11.png


🚁 💰 https://www.theguardian.com/politics/2024/mar/02/tory-peer-calls-for-10000-citizens-inheritance-for-all-30-year-olds


Fiat is IOUs backed by the promise of future IOUs paid in those same IOU units. After 10+ year trying to ‘understand’ it that is the best way I can describe it and it still doesn’t make sense 🤣


When you press ❤ to see who liked a note and you end up liking your own note and can’t undo 😳 nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg
Awesome client overall !


nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg  your podcast on ecash / cashu is amazing 🤯🤩👍


This is right outside the LSE (London school of economics) building 😉 https://image.nostr.build/c428411676bd6680d4bf52901706d0df1658a67c71492738b1a89cd45d9004fe.jpg


🎯 https://satsymbol.org


From Satoshi / Malmi email archive

(…) My choice for the number of coins and distribution schedule was an
educated guess.  It was a difficult choice, because once the network is
going it's locked in and we're stuck with it.  I wanted to pick
something that would make prices similar to existing currencies, but
without knowing the future, that's very hard.  I ended up picking
something in the middle.  If Bitcoin remains a small niche, it'll be
worth less per unit than existing currencies.  If you imagine it being
used for some fraction of world commerce, then there's only going to be
21 million coins for the whole world, so it would be worth much more per
unit.  Values are 64-bit integers with 8 decimal places, so 1 coin is
represented internally as 100000000.  There's plenty of granularity if
typical prices become small.  For example, if 0.001 is worth 1 Euro,
then it might be easier to change where the decimal point is displayed,
so if you had 1 Bitcoin it's now displayed as 1000, and 0.001 is
displayed as 1.


Wired magazine in 2024 still without basic understanding of the bitcoin time chain 🤦♂ congrats nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx for great coverage though! https://image.nostr.build/916fa6e1cbd2b541a380b31b15d5651cd6396bafb35fb33dc9abd688df39470f.jpg


US corps will indirectly begin ‘buying’ massive amounts of BTC via combination of 401k matching & ETFs - contributing to the speculative attack on fiat 😂


Bitcoin is more than twice the age of the Euro on genesis day.


Reverse god candle > dog candle ? 😂


🍿 https://blockworks.co/bitcoin-etf


In a nutshell - how do you transfer ownership of an unspendable utxo ?


Is there a graph showing global percentage and total value of utxos which have become unspendable eg tx fees > market value ? Is that about to become a massive issue if tx fees go x10 or x100 and opening lightning channel becomes prohibitive ?

Would there be a way to transform / mint them into bearer instruments ? Does cashu / fedimint possibly help there ? Could a custodian issue physical notes backed by real but unspendable utxos?

If the minting has a tx cost then it’s time sensitive to mint before minting cost exceeds utxo value.


🤯 that is quite a feat 👏


Posted thoughts & questions around this few days ago #[2]


Weird I see you as verified but I see your key instead of your user name


Happy new year 🎈 2023 will be a fab year as we focus on building the world we want to live in !


People playing with relay incentives seems the most promising.

And I think there’s a lot of opportunity in boosts for true network spread. RT def changed Twitter.