161–170 of 170 posts
So, I am surprised the Fediverse is not mentioned. Already bigger and better than anything Nostr is trying to do. Why reinvent the wheel? Or why not join the wheel?
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> As long as you can't trade real goods and services for crypto coins it is absolutely worthless. As long as you can sell it for USD it's not worthless - you don't other goods/services - although that said the list of those is still growing. The fact that I can send money (liquid fiat) to a friend without going through paypall/zello/etc. is valuable. The only thing that could make it a "scam" is the promise of money,…
> The fact that I can send money (liquid fiat) to a friend without going through paypall/zello/etc. is valuable. You can do that only because Bitcoin is currently underregulated. Governments will eventually regulate it to enforce money laundering laws and starve DPRK, and then Bitcoin will become even more expensive relative to other options.
Sure, and if that happens then it's value as a liquid fiat will decrease. The idea that "it only goes up and to the moon!" is what has made everyone declare it a scam.
If it currently has a use case then it has value. The currency is not a "scam" but this horrendous idea of treating it as an "investment" is delusional.
I think cryptocurrency has a few very valid use cases, but I think it's been shoved onto everything when it's not even needed (CSGO has been fine without NFTs).
Author of damus[1] here. We’ve seen a crazy growth in nostr in the past couple of months. Damus itself sees about 1000 to 10,000 download per week, and we’re up to about 500k to 1mil+ users (hard to get exact numbers on a decentralized network). Exciting times for social networking protocols! [1] https://damus.io
I like alternatives to big sites but this sentence makes me nervous: "Bitcoin & , the native currency of the internet." Is there a need for this?
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To me that seems about as likely as drug addicts suddenly growing tired of shooting up stuff and going into gardening as a hobby instead. Sure, it's not theoretically impossible, but I definitely wouldn't start a gardening platform targeting those people. Pre-facebook basically means a 90s style forum with highly specialised zed communities. You don't need decentralised approaches for that.
> To me that seems about as likely as drug addicts suddenly growing tired of shooting up stuff and going into gardening as a hobby instead. I've seen a lot of people leave Facebook over the last couple of years. And I mean a lot . Oh, they might still log in every month or two to see what's up with friend and family, but daily use? Nope.
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> I think a big part of the idea is that relays just dont carry spam/bad actors. How would the relay evaluate what is spam and what is not?
Yeah, I just don't understand what would relay operator actually do if someone would generate 10k key pairs and post 100k gpt-generated replies to some random posts.
Event IDs are a SHA-256 over the event's payload and metadata, so the idea is that you put some extra metadata saying "I'm doing a bunch of extra work to generate an ID with N leading zeros in the ID", and then a nonce value. You generate the ID, and check to see if it has the number of leading zeroes you wanted. If it doesn't, you increment the nonce and try again. If it does, you're all good- you sign the event and send it along.
Because the ID must be a SHA256 of the rest of the event, you have a fairly good indication of how much work the client would have had to do to generate that nonce. The more zeroes in the ID, the more effort they would have had to expend.
So, as a relay operator, you can define a policy that you won't relay events that don't meet this proof-of-work requirement, and boom, no more spamming.
Of course, there are other ways to handle the spam problem, such as requiring authentication mechanisms or external attestation of messages. But there are multiple tools in the toolbox here.
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> The fact that I can send money (liquid fiat) to a friend without going through paypall/zello/etc. is valuable. You can do that only because Bitcoin is currently underregulated. Governments will eventually regulate it to enforce money laundering laws and starve DPRK, and then Bitcoin will become even more expensive relative to other options.
> You can do that only because Bitcoin is currently underregulated... Governments will eventually regulate it and then Bitcoin will become even more expensive relative to other options. Sure, and if that happens then it's value as a liquid fiat will decrease. The idea that "it only goes up and to the moon!" is what has made everyone declare it a scam. If it currently has a use case then it has value. The currency is…
The use case is not due to the technology having any benefit but due to current underregulation. The reason people declare it a scam is that the technology does not solve any practical problems better than centralized ledgers.
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Look at all that virtue. Bitcoin started a literal tsunami of financial crimes, I feel bad for hyperinflated countries and if they find some use in bitcoin that's great for them, but I for one will stay the fuck away from anything blockchain related if I can help it.
That's how my grandmother feels about the internet.
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How do people cash out of a token that isn't a currency? I'm not interested in being blasted with prophetic bitcoin nonsense 24/7 on every thread or on any conversation I have with people. I opened a random web client and saw too many 'cryptidots' on this nostr thing. No way this will grow.
Honestly the content being almost exclusively about Bitcoin and Nostr might be it's biggest problem.