Someone recently posted a YouTube video addressing transaction fees in the base later. They did a thought experiment and the math on hundreds of millions of BTC users in the future competing for on chain settlements. The gist of it was that there is finite block space, finite transactions per unit time, and that fees will inevitably be cost prohibitive except for the largest transactions. The math is easy enough to understand for how many layer one settlements can be done in a given year based on protocol limitations. The speculation is that fees will approach five figures as more adoption occurs. Have any of you ever gone down that rabbit hole to look at that possibility? It's one of my worries for the long term success of this technology. What say you?

Satellite.earth NOSTR client has launched "Communities" like Reddit's subreddit structure. Now you can curate the content you actually have interest in reading. Kudos to Stuart Bowman for the effort. This should make the client more useful and compete well with others. Check it out.

Testing media. This was my ride.

Here is a recap of Stuart Bowman interview on Nostr nest.

Verifying my Nostr Nests identity: jahmFW7v7Idyvwi7KNECDjHnex6qSJgjOPwYWwW0rXE

Nostr Nests

Join this audio Space

According to Alexander Tytler all societies go through an evolutionary cycle. It goes like this: BONDAGE SPIRITUAL FAITH GREAT COURAGE LIBERTY ABUNDANCE SELFISHNESS APATHY DEPENDENCE BONDAGE It's apparent that our world has moved into the apathy dependence stages. I'm wondering if Nostr and decentralized money get to win out and change the course of what would otherwise be inevitable. Do you think this technological leap forward is enough to change the course we are on? Disruptive technologies have a way of changing things in unimaginable directions. Are you optimistic that we will witness a course correction? Or do you think a return to bondage is inevitable?

I plugged in lightning last night with a little help from a friend. I'm up and operational. Not bad for a luddite boomer. Who wants to send me my first ever zap? I have sent out my first ones and had success. This technology is amazing.

For any who missed this, this is sure to help you explain Nostr to your circle of friends. Andi did an excellent exposè with this piece she published on Egodeath capital blog. It's worth a read.

ego death capital

Nostrica, the start of something big? — ego death capital

No longer can the strategy be to build network effects and then monetize the monopoly power. Now, businesses will need to make revenues as a functi...