Just deleted X. Time to shift to more positive vibes.

HNY

Is there a top? Think about it… does fiat have a bottom? I guess zero is the bottom. Always has been.

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.

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 @primal - any ideas what is the issue? ‘The receiving wallet returned an error: invalid user name’

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

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.

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.

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 ☀️ 📖 ✊

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 🟠.