Replies (83)

Focus on YOUR line πŸ”₯ Keep grinding, don't chase validation! 🚫 Stay authentic to YOU, don't expect handouts from anyone. Control what you CAN! πŸ’ͺ
It's crazy how people get excited for someone reinventing the wheel! There's already an electronic money strong and globally accepted and an uncensorable social network. Why are people dying for X and X's money?
I'm kind of a psychic and stupid hybrid. I left PayPal, Twitter, Facebook, Instagram, and Mastodon because that's not where my works should be. Google+ sure on it's own. PayPal keeps moving without me. Twitter became X and Musk will destroy the content but make it a financial app. Facebook is fine without me. Instagram I still don't understand but seems to work for some. WhatsApp is self explanatory but seems to work for Facebook people. Keybase was really neat but got bought by zoom and shitcoin captured and I had to leave. Some still use the key aspect. Geo Cities got Yahooed and I really liked Yahoo as a paying customer until 6 years later when they scaled back customer service. Those list can go a bit further. There has to be an incentive for us to take our time to be our selves and get payed when we do something interesting or we pay the developers when we can't live without them. Or we encourage them to keep working by being interesting.
FEW_BTC's avatar
FEW_BTC 1 year ago
"I disapprove of what you say, but I will defend to the death your right to say it." - Voltaire #freespeech
FEW_BTC's avatar
FEW_BTC 1 year ago
imo, nostr is not yet on the censor's radar... the true tests will come when nostr hits network effect.
Meanwhile, I'm just posting notes and zapping mother fuckers with no idea what's happening on X until I see a note about it. About to be sipping coffee while I go back to not giving a shit. These people have another option and refuse to use it. Happy 2025. Fuck X (WeChat of the West). Long live Nostr and Bitcoin.
corndalorian's avatar corndalorian
Happy New Year! People need nostr and bitcoin. Let freedom ring in 2025 πŸ’œπŸš€
View quoted note →
There is no second best. Choose #bitcoin and #nostr every time
R's avatar
R 1 year ago
πŸ’― Let freedom ring indeed!
One of the biggest issues with Monero is the blockchain bloat. Full, node space requirements are growing very fast and are not extremely scalable, as they are tied to Monero's transaction volume. This limits how decentralized it can be according to how popular it becomes. Even though there is a penalty for mining extraordinarily large blocks, the penalty is based on an average which can grow substantially due to user demand, user demand which is not checked by supply constraints in the long run, though it is in the short run. This means that the greater the number of transactions it gets as it becomes more popular, the more centralized noderunning will have to be, unless its popularity grows significantly slower than hard drive space. One of the best things going for it, in light of this, is that it doesn't have mass appeal. This is enforced by the tail emissions, which although clever as a way to replace lost coins, dilutes people's holdings compared to Bitcoin's emission schedule of having a hard cap. Bitcoin is therefore so scarce that its NGU is stronger than any other currency in the world, and this is constantly drawing more people to it as a way to not only store wealth, but grow wealth over time compared to Monero. Bitcoin is also the most established player and it is scaling with layers and very slow iterative changes within a voluntary consensus. For Monero to work for as many people as bitcoin can now, let alone the whole world, it would need to make further changes have some way of enforcing not only a mean reversion of block size as it has now, but also tailoring this mean to reflect the growth in hardware capacity of a typical person to keep the network decentralized on the full node level. If it got really really popular, it would then also likely need layered scaling solutions like Bitcoin has, like Fedimint, Liquid, and Lightning. Even then, it will not be a global settlement layer, as that needs to be protected by ASICs, not general purpose CPUs. And given the choice between a sound issuance schedule like Monero's and an extremely sound issuance schedule like Bitcoin's, people, especially the big players, are going to converge on Bitcoin as the store of most of their wealth. Monero, if it implemented some of these changes, could continue to be a compelling private electronic cash system as it arguably is now. Until then, its future is uncertain, and lightning with BOLT12, Liquid, and P2P exchanges facilitate a similar experience on Bitcoin that holds its value better and scales to many many millions without losing its decentralization.
If I have missed something, especially regarding dynamic block size and the economics of it, please let me know. I'm curious to analyze it further and I may not have gotten it exactly right.
This ALMOST made me think about downloading the Twitter app again to go tell these morons that’s what happens when don’t hold your the keys to your data… but eh, it be pointless, I’m a nobody regular person and none of them care what I would say so it be a waste of my energy and I could be using it to stack sats, make notes, and keep the Nostr I love weird.
This year will bring FCMP upgrade for Monero that will bring layer two solutions with it. In regards to centralizing nodes, I'm not sure you're factoring in that technology advances over time and rate of adoption. Certainly not guaranteed to centralize. Though I think it's fair to say, all things equal, that Monero centralizes faster than Bitcoin in resource requirements for nodes. Tail emission + dynamic blocksize also keeps transaction fees low so Monero can actually function as p2p electronic cash. With more adoption Bitcoin fees will continue growing (the opposite is true for Monero) and becomes a terrible currency. The more it's actually used the more you hemorrhage in fees. Even lightning breaks with modest congestion on-chain just like we saw earlier this year. Liquid isn't really comparable to Monero. It's mempool is a ghost town, you have to trust a federation, and it doesn't hide sender/receiver. Ecash isn't even in the same category as it's custodial (doesn't remove trusted third parties) and not a cryptocurrency. Lightning in thoery seems like the only real choice, but users are almost all relying on custodians and LSPs (third parties) because of the complexity of being sovereign on it. Look no further than Nostr. image
hasky's avatar
hasky 1 year ago
just deactivated my x premium today , the censoring part is one thing , what matter to me the most is my well being . the 𝕏 algho that programmed to get you hook up with the apps for so long is not healthy . i am glad i found this Nostr protocols , damus and primal where we really have control about our content , how we react with others and no censor .
You guys are still playing around with and bragging about decade old vulnerable "privacy" tech lol? Everyone serious about this stuff has moved on from it a long time ago
Karadenizli's avatar
Karadenizli 1 year ago
I have no greater desire than to see the maga ppl go to bluesky in protest and fight with the lefties there
Some very good points there. Layer 2 solutions on Monero should be interesting. However, for much of it you're also still comparing how things are now, and not paying too much mind to how they will develop. Lightning is very likely to become cheaper since the Bitcoin protocol consensus is most likely going to incorporate the CTV operation, which enables lightning to scale better. Existing implementations of Lightning are still in beta and will get better with development, and become more easy to spin up and to automate. Running a self sovereign lightning node even in this stage of development is quite easy for power users to do, and LSPs are plentiful and any one person can become one, so it's not a monopoly by any stretch of the imagination. I'm uncertain how Monero scaling will work along with hardware and bandwidth constraints: these still have to be limited, I think, either to a specific maximum or average rate, or to some other kind of constraint specified and enforced by the noderunners. Bitcoin has this in simple form as a fixed number of weight units. You may think bitcoin is bleeding value through transaction fees vs the alternative of bleeding very little value from low transaction fees, but this ignores the fact that holders of monero are paying _all the time_ for security of the network, via mild dilution of their holdings. It's a tradeoff. It's just a question of how do you want to pay for mining: mostly just transaction fees vs constantly while holding. You're paying for those tail emissions whether you think you are or not, unless you only use Monero as short term cash. I'm not implying that that's the only thing it's good for, but I am saying that that's the only way to avoid paying a nontrivial amount for security on it. Arguably a non-transparent cash NEEDS tail emissions in the long run, in order to diminish the value of long term holdings that no one can audit, in case of someone who held on forever in the shadows gaining too much influence and destabilizing the price. Bitcoin makes more of that info of who holds what and who probably lost their coins public, which allows us to point to why sudden price volatility might be happening when old whales start exerting influence.
>"However, for much of it you're also still comparing how things are now..." Can't you just say that for anything including Monero? The only thing we have to compare is what is true right now and in the relatively near future. With LSPs you're asking permission from a third party to transact, it's centralizing, and it also comes with privacy implications. Miners also don't get any of those fees to secure the chain. And if everyone migrates to using lightning in the future who will be paying miners? Especially when the block reward goes away? >"You may think bitcoin is bleeding value through transaction fees vs the alternative of bleeding very little value from low transaction fees...." That is what I'm saying though. Bitcoin and Monero pay in different ways. It's not that Bitcoin just figured it all out without any trade-offs by having a hard limit on supply and fixed blocksize. I think they each have their own advantages. Technically Bitcoin is also still diluting everyones holding right now until ~2140 You can't easily distinguish who lost coins and who is just holding for a long time. It's not an easy problem to figure out. In fact Bitcoin has to figure out what to do about these old dormant coins before QCs come on the scene unless you want governments/thieves to be able to take a large percentage of the total supply. Just cause you can see what whales are doing doesn't mean you can do anything about it.
Elon is a kike cock-gobbling wigger. Okay, and? If you weren't cognitively dissonant (or actually retarded/enamored by the Muskrat) this was realized two weeks after he "let the sink in."
corndalorian's avatar corndalorian
Happy New Year! People need nostr and bitcoin. Let freedom ring in 2025 πŸ’œπŸš€
View quoted note →
zapping is stupid. you're getting paid to tell people what they want to hear. I let people zap me and sometimes I send it to trocador to buy more monero and ethereum and the lightning payments often still fail to route when I am doing it. lightning UX is horrible even when you use a custodian.
Misn0mer's avatar
Misn0mer 0 years ago
Elon will never truly grasp the constitution. I find people that aren't born in the states tend to struggle with that. Look at Vivek, same thing. He just called Americans lazy and stupid, born in India. PBD just got exposed for scamming Americans with his MLM marketing business years ago, born in Iran. Quite the pattern 🀣
Misn0mer's avatar
Misn0mer 0 years ago
Musk, Vivek, Patrick Bet-David, all foreigners trying to tell Americans what to think and what the constitution means. Getting BTFO'd daily.
Leave then faggot. You would rather people be incentivized by censorious advertisers than to be paid voluntarily for the quality of the content they contribute. You don’t belong here. V4V is a central tenet of Nostr.
You are neither straight nor not a fag. So I’m not an ancap because I like a public ledger? πŸ€” I’m not an ancap because Monero is slower than LN? πŸ€” I’m not an ancap because I don’t support tail emissions? πŸ€” little bitch.
Of course Monero is slower. It's a blockchain. Lightning is an L2. It's also more secure than Lightning where funds can be stolen/wasted by being offline too long, replacement cycling attacks, and force closes.
all transactional ledgers need tail emission. a hard cap is retarded. it makes zero sense to only have people who actually make transactions pay for network security. it incentivizes hodlers. the bottom line is the network has costs. you want all users to pay for them. not a subset.
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