<unnamed>

Public Key

npub1lunaq893u4hmtpvqxpk8hfmtkqmm7ggutdtnc4hyuux2skr4ttcqr827lj

Profile Code

nprofile1qqs07f7srjc72ma4skqrqmrm5a4mqdalyyw9k4eu2mjwwr9gtp644uqpqqwsjdxk

Publishing to

Last Notes

2025-12-10 17:09:25 UTC

I doubt that the average person who lived 100 years ago had more freedom than we do today

2024-09-25 02:09:35 UTC

Would love to say it was an original thought but I remember talking with @npub16fh…n62p at the Riga conf who told me that apparently some bitcoin OG was already blogging about this in like 2012 or something
#note1mm2…y7qw

2024-06-25 20:07:58 UTC

- reply

It does not support NIP-96. It does support Blossom though. @npub1n0s…lahe

2024-05-11 06:51:56 UTC

I can see the northern lights from California right now
https://m.primal.net/IFaT.jpg

2024-05-09 20:06:38 UTC

Huge
#note1z28…v4vk

2024-05-03 03:01:58 UTC

- reply

In the theoretical extreme where humans could go and mine asteroids after exhausting the terrestrial supply, yes

2024-05-03 02:37:54 UTC

- reply

But then you can also expect to make 1000x times less profit, because you have 1000x times more competition

2024-05-03 02:34:02 UTC

- reply

Ok if mining is free (like *actually* zero cost in the sense that energy is not longer scarce) we've circled back around to proof of stake haha

2024-05-03 02:18:34 UTC

- reply

I’m not sure about that. Seems to me that the absolute price of energy is not relevant, i.e. the only way you can make money (amortized over long timescales) is having access to cheaper energy than the average miner

2024-05-03 02:06:42 UTC

- reply

I’m contemplating it as a thought experiment. I think the price of btc would stay the same while the price of gold (and other commodities) would decrease

2024-05-03 01:52:52 UTC

- reply

But bitcoin wouldn't actually become easier to produce because of the difficulty adjustment, right? Because if the cost of energy falls by a factor of one thousand, this means that (excluding the initial capex of mining rigs for simplicity) people can now afford to run a thousand times as many miners for the same electricity cost. The super weird thing is that for anything other commodity besides btc, this would tank the price. But for btc, the network simply adjusts the difficultly to make each hash harder to find in exact proportion to how much energy you throw at it.

2024-05-03 01:46:29 UTC

Seems like privacy is upstream of fungibility

2024-05-03 01:45:12 UTC

The existence of a commodity money whose supply is totally insensitive to the cost of production is *super weird*

2024-05-03 01:44:20 UTC

Suppose as a thought experiment that the price of energy fell by a factor of one thousand.
What would happen to the price of gold?
What would happen to the price of Bitcoin?

2024-05-02 05:53:11 UTC

- reply

Oh really what’s it called?

2024-05-02 04:48:30 UTC

That would be so cool if there was an AI inside your laptop that you could grant keyboard/mouse control to and that you could communicate with verbally, and it would understand what you were asking it to do in context of what was currently on the screen. Basically like you're always screen sharing with your AI helper. Since it would have access to everything this would probably only be workable if you were running locally or self hosting. In any case I wouldn't be surprised if UX converges on something like this in the near(ish) future

2024-04-26 20:35:24 UTC

You didn’t come into this world, you came out of it

2024-04-26 20:34:27 UTC

It seems like everything is always falling apart because everything *is* always falling apart.
What’s less obvious is that everything is also always coming into being.
Death is just more obvious than birth. We notice the absence of things we were used to more than the presence of things we weren’t, and this creates the perceptual bias that the world is out of balance.

2024-04-26 20:16:45 UTC

Facing resistance is a signal you’re solving the right problem
#note1vw0…zp9k

2024-04-24 19:46:04 UTC

- reply

"A Swiss bank account is like having your bitcoin on an exchange"

2024-04-24 19:38:29 UTC

- reply

My old mental model was that gold was used throughout history because there was no alternative and that fiat was necessary to match credit availability to the higher rate of growth in the 20th century enabled by technological advancement. The main thing that cured me of this illusion was becoming educated about how historically the misallocation of credit has been far more destructive than lack of credit. The other thing was something that @npub1h8n…rpev said about how deflation is a signal that growth has already occurred. That sent me down a rabbit hole of just thinking from first principles, and seeing the connection between technology and price deflation. This seems obvious once you realize it, but I can distinctly remember this not being obvious to me back in like 2019. It's interesting that bitcoin is a technology that is upstream of an intellectual movement.

2024-04-24 06:58:12 UTC

- reply

The deflation being bad argument may have started as a post facto way to justify policy but many educated people now believe this earnestly.
As for the threat of government fiat monopolies, do you mean that most people just look at it from a pragmatic standpoint and think, they ain’t gonna let that happen?
If that’s the case I think it’s in a different class in the sense that critics have to at retreat to arguing with respect to outcome instead of correctness.

2024-04-24 06:40:00 UTC

- reply

I agree and understanding this historical context is what led me to change my mind

2024-04-24 05:19:51 UTC

Years ago I bought into the idea that deflationary currency was unworkable because it would make raising capital too hard—that inflationary money was a necessary evil because to do otherwise would be to set a floor on interest rates equal to the real purchasing power accrued simply by holding the currency. I would guess that this remains the number one misconception among informed, intellectually honest critics of bitcoin.

2024-04-24 02:53:21 UTC

- reply

It got a lot more expensive since last year. From what I understand buying the rail pass vs just buying individual tickets is about the same now.

2024-04-24 02:05:04 UTC

- reply

Totally agree by the way, we need a solid UX to catch the people fleeing Reddit

2024-04-24 02:00:30 UTC

- reply

The Satellite communities are getting a major upgrade soon. We’re building a dedicated app

2024-04-23 15:34:05 UTC

If??
#note1mhg…rgqm

2024-04-23 06:20:23 UTC

- reply

Thank you I love to hear that 🙏

2024-04-23 01:28:27 UTC

- reply

They’re really making this easy for us aren’t they?

2024-04-22 22:25:35 UTC

Cool
#note1g99…dn35

2024-04-22 17:39:31 UTC

The dematerialization of *social capital*.
Censorship resistance provides a medium of exchange, web of trust a store of value.
I'm increasing convinced that's what's really going on here.

2024-04-22 04:01:42 UTC

- reply

Sorry just saw this note, added to TODO!

2024-04-20 01:43:54 UTC

- reply

Seems that in general the only perfect antidote to degeneracy is perfect fungibility because people will attempt to speculate on anything that can be uniquely labeled. Not sure about bitcoin, but as least nature (layer zero) has achieved this, e.g. there’s no such thing as “rare joules”

2024-04-17 01:37:23 UTC

- reply

Me and @npub1ye5…knpr are building it

2024-04-17 01:36:07 UTC

- reply

Good to hear it uses NDK, I came here to ask that!

2024-04-16 02:32:19 UTC

- reply

lmao yeah I had forgotten about that!

2024-04-15 15:48:43 UTC

- reply

Are you using ‘sqlite3’ or ‘better-sqlite3’?
If you enable write ahead logging better-sqlite3 is about an order of magnitude faster.
I’ve also heard that Bun’s built in bindings are even faster than better-sqlite3 but I haven’t tested it myself

2024-04-15 03:46:53 UTC

- reply

(optimistically)

2024-04-15 03:40:19 UTC

- reply

Universal social interface

2024-04-14 16:53:32 UTC

- reply

@npub1ye5…knpr

2024-04-13 05:28:33 UTC

- reply

That's really cool, I didn't realize they were geographically distributed like that. I like how it shows the latency from each location

2024-04-13 05:13:11 UTC

- reply

Yes and that the moment of the new moon is objectively simultaneous for every person on earth

2024-04-13 03:58:50 UTC

- reply

Wait so are you running monitors in all those cities?

2024-04-12 22:49:25 UTC

Honored to be in such company
#note1z3u…2cg6

2024-04-12 04:24:07 UTC

- reply

Interesting

2024-04-08 17:40:44 UTC

- reply

I sense a rabbit hole. This one goes deep.

2024-04-06 20:53:58 UTC

- reply

Cool, what are you running, Stirfry?

2024-04-06 20:43:33 UTC

- reply

> Nostr is still very centralized. There are a few big relays that everyone needs.
Agree, and one of the reasons for making communities based on relays is to massively increase the total number of relays. Instead of 10,000 communities using 10 relays, there should be 10,000 communities using at least 10,000 relays.
I think non-community-specific relays will still be useful to bootstrap the discovery of other relays.

2024-04-06 20:30:04 UTC

- reply

If it censors people, you can fork it

2024-04-01 21:16:09 UTC

- reply

Haha yes 🤣

2024-03-19 23:31:00 UTC

Relays but for media #note10uf…5slg

2024-03-19 20:16:10 UTC

If you read one thing today, read this! #note1l2h…jaqs

2024-03-11 00:40:51 UTC

- reply