Stuart Bowman

Really excited about @npub1lt6…p8hj !
I’ve been saying for a while now that someone should make couchsurfing on nostr…Couchsurfing around 2010 was like the greatest thing ever, and it was such a tragedy when the admins sold out and rugged everyone who had built up connections. Building it on nostr is a great use case showing how we can preserve social capital.
#note1jp4…c6sk

2024-08-08 00:38:03

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Not deployed on live yet. Got some more (non breaking) changes in the works and will probably deploy it along with those and proper documentation for how to migrate

2024-08-07 00:42:16

Just fixed an extremely subtle bug on Satellite CDN caused by cache settings. The blossom /list endpoint would sometimes return metadata for files that were deleted. Thanks to @npub1klr…7gxc for helping me discover this!

2024-06-30 22:27:42

Industrial tech capable of driving the basic cost of living to near zero has existed for over a century.
Social tech to prevent politicians from funneling all the gains toward warfare has existed only since 2008.
Forget about UBI.
This is the humanitarian case for hard money.
https://cdn.satellite.earth/b00e3dfa85e45119a1a13f79467110e58b30b3ee01cb3c4543e108d7acf9bb8c.png

2024-06-25 22:07:58

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

2024-05-17 17:51:32

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The real hack is working on something you love

2024-05-13 02:04:27

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BUSH CLINTON CLINTON BUSH BUSH OBAMA OBAMA TRUMP ??? . . . (TRUMP | ???)

2024-05-12 06:01:08

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I think this is already a thing in NIP-29

2024-05-11 18:50:47

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Iran.
Sucks as an American not being able to for bullshit political reasons

2024-05-11 18:47:52

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Yes - keep winning battles awaiting the @npub10r8…t2p8 strategic victory

2024-05-11 18:33:25

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Definitely

2024-05-11 18:27:16

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Can second this

2024-05-11 18:16:09

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Yeah, north of SF

2024-05-11 08:51:56

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

2024-05-09 22:06:38

Huge
#note1z28…v4vk

2024-05-09 21:20:18

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There isn’t a recommended size per se - it displays full width and the height is proportional to the original image. It won’t stretch or distort the image

2024-05-06 06:28:00

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Haha that’s awesome!

2024-05-06 02:00:00

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https://imgflip.com/i/8p3lnb

2024-05-06 01:59:28

“Stock futures inch higher Sunday after weaker-than-expected jobs report left investors looking up”
Actual headline.

2024-05-06 00:30:40

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We’ll have an initial release very soon!

2024-05-03 23:39:07

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Let’s gooo

2024-05-03 21:48:48

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So if you 1000x'ed the hashrate instantly... that's (10 * 60) / 1000... a block would get mined every 0.6 seconds on average for 20 mins until the difficulty tripled, and then that tripling would happen again 6 or 7 times to get back to the 10 min blocktime (I think) Would definitely clear out the mempool!

2024-05-03 21:35:22

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The Misty Mountains

2024-05-03 21:33:12

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Oh I didn't know that, interesting

2024-05-03 21:27:55

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The real answer to the question of why the government does not simply print all the money it needs is that by putting the money into circulation and then subsequently reclaiming it through taxation they maintain a floor in demand for the currency

2024-05-03 05:46:54

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I remember walking there. Magical place

2024-05-03 05:36:12

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How did you guess my seed phrase??

2024-05-03 05:07:49

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Haha yeah I wonder if anyone has done the math on that, like how low would the cost of energy actually have to be to make transmutation economically viable? Are we talking like a Dyson sphere?

2024-05-03 05:01:58

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

2024-05-03 04:58:06

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For sure! I'm just thinking through this as a thought experiment

2024-05-03 04:52:09

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Yeah if it happened literally overnight the rate of btc being produced would increase temporarily until the difficulty adjustment kicked in. This is just a thought experiment though.

2024-05-03 04:49:54

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> In economics, the Jevons paradox occurs when technological progress increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the falling cost of use induces increases in demand enough that resource use is increased, rather than reduced.
Jevon's paradox is interesting, I had never heard of that before. But if I understand correctly, it only applies to consumable resources right?
The reason I'm saying the price of btc would stay the same is because the supply would stay the same (i.e. it cannot be consumed, nor can it be produced faster due to the difficulty adjustment)
Yes the *purchasing power* of btc would massively increase (due to the falling price of every other non-difficultly-adjusted commodity) but the price would stay the same (ok well it might actually increase in nominal terms because people have more disposable income due to their real expenses being reduced)

2024-05-03 04:37:54

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

2024-05-03 04:35:57

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Yes

2024-05-03 04:34:02

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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 04:28:16

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Let’s push this further toward the theoretical extreme.
Suppose energy became one million times cheaper (and thus people could turn on a million times more miners—a million times the current hashrate for the same electricity cost).
The difficulty would simply adjust to make it a million times harder to find a block. So why would the price plummet if the supply stays the same?

2024-05-03 04:18:34

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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 04:08:42

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Definitely! If you take the thought experiment further and imagine the cost of energy falling by like a factor of one million, at that point *everything* becomes cheap.
Except bitcoin. Because of the difficulty adjustment.

2024-05-03 04:06:42

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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 03:53:35

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Exactly

2024-05-03 03:52:52

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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 03:46:29

Seems like privacy is upstream of fungibility

2024-05-03 03:45:12

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

2024-05-03 03:44:20

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?

2024-05-03 03:21:07

Such a strong point near the end of the video about the civilizational fork in the road between digital credit money vs digital commodity money
#note14tg…y0am

2024-05-02 08:10:51

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Ok this Microsoft version seems creepy and useless haha

2024-05-02 07:53:11

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Oh really what’s it called?

2024-05-02 06:48:30

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

2024-05-01 04:37:04

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But on the other hand at least you don’t need dummy data

2024-05-01 04:36:16

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Very true

2024-04-30 22:17:54

It's amazing how much of design is just being very clear about what you're trying to accomplish
"The end illuminates the means"

2024-04-30 16:18:39

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What do you mean?

2024-04-26 22:35:24

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

2024-04-26 22:34:27

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 22:16:45

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

2024-04-24 21:46:04

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

2024-04-24 21:38:29

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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 08:58:12

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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 08:40:00

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

2024-04-24 07:19:51

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 04:53:21

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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 04:05:04

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

2024-04-24 04:00:30

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

2024-04-23 17:34:05

If??
#note1mhg…rgqm

2024-04-23 08:20:23

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Thank you I love to hear that 🙏

2024-04-23 03:28:27

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

2024-04-23 00:25:35

Cool
#note1g99…dn35

2024-04-22 19:39:31

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 06:01:42

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Sorry just saw this note, added to TODO!

2024-04-20 03:43:54

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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 03:37:23

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Me and @npub1ye5…knpr are building it

2024-04-17 03:36:07

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

2024-04-16 04:32:19

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lmao yeah I had forgotten about that!

2024-04-15 17:48:43

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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 05:46:53

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(optimistically)

2024-04-15 05:40:19

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Universal social interface

2024-04-14 18:53:32

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@npub1ye5…knpr

2024-04-13 07:28:33

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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 07:13:11

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

2024-04-13 05:58:50

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Wait so are you running monitors in all those cities?

2024-04-13 05:57:48

Looks great!
#note1pwc…dc8k

2024-04-13 00:58:03

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🤝

2024-04-13 00:49:25

Honored to be in such company
#note1z3u…2cg6

2024-04-12 06:24:07

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Interesting

2024-04-08 23:08:41

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Yeah the past and the future are an abstraction. Which isn’t to say they aren’t real. Abstractions are real.
Still it’s an odd feeling to realize that there never has been, and never will, anything other than the present moment. That there really is no “whenelse” to be. Not even like as a metaphor, but like *actually*
I can perceive this only fleetingly. Sometimes I wonder what it would feel like to be able maintain this awareness- maybe some people can.

2024-04-08 19:47:22

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The siren song of ecash schemes 🤣

2024-04-08 19:40:44

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I sense a rabbit hole. This one goes deep.

2024-04-07 05:41:32

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Exactly

2024-04-06 23:21:56

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nostr: npub12262qa4uhw7u8gdwlgmntqtv7aye8vdcmvszkqwgs0zchel6mz7s6cgrkj
> relay based communities add connection overhead
Increase connection overhead? Hmm maybe if you're aggregating community posts. But if you only want to see the posts from a specific community, and you only have to connect to one community-specific relay, that would actually *decrease* connection overhead. It's a different use case than global nostr.
> not everyone can run one
We're fixing this :)

2024-04-06 22:53:58

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Cool, what are you running, Stirfry?

2024-04-06 22:43:33

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> 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 22:30:04

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If it censors people, you can fork it

2024-04-06 22:26:37

Soon #note1gjh…3n4c

2024-04-06 21:57:21

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> Feel moderation should happen at the relay level rather than at the message level
You are 100% correct. Building communities on top of the protocol is too complicated. Communities should be based on relays, like how nostr was supposed to work all along.
Me and @npub1ye5…knpr are building this right now.

2024-04-06 21:48:23

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Yes, communities will rise again!

2024-04-05 21:33:16

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Yeah I need to make it auto refresh to show that the credit was updated. Thanks

2024-04-05 20:54:47

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Hey!

2024-04-05 20:54:04

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So totally working now? What was the issue? If it's a bug I want to know about it!