bergealex4
Alex B.

Public Key

npub16fhh3ev4gytmt3jn3gkkez9z99kxtspcwupen4cxn2tcym4sd22surn62p

NIP-05 Address

NIP-57 Address

Profile Code

nprofile1qqsdymmcuk25z9a4cefc5ttv3z3zjmr9cqu8wque6urf49uzd6cx49gpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsmlvclg

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub16fhh3ev4gytmt3jn3gkkez9z99kxtspcwupen4cxn2tcym4sd22surn62p

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Last Notes

2024-08-30 01:00:22

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there was supposed to be an embedded video but that was a total fail

2024-08-30 00:56:47

GLOBAL MONEY
LOCAL NUTS 🥜
My #BHB talk

2024-08-30 00:15:52

Nostr : TCP/IP
Whatever they're building over there : OSI
Let's keep things weird folks cause this stuff going on over there is... uh... disturbing
https://block.xyz/inside/block-partners-with-commerce-department-NIST-to-accelerate-development-and-adoption-of-digital-identity

2024-08-29 14:38:36

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I'm not advocating for CTV. I'm just pointing out that your lack of technical knowledge will hinder your ability to understand those things and participate in such conversations because all of your arguments are based on feelings, not facts.
There is no "we" in this. A soft fork proposal doesn't need you if YOU can't show the proof-of-work as to why your opinion is valuable or worthy of consideration.
Hence, when improvements to Bitcoin script inevitably come, you will be left screaming in the void because the stakes for you are clearly not enough to have an informed, non-biased, opinion.

2024-08-29 03:58:55

What's the best way to follow everyone mentioned in a list/note like this?
#note1cyh…qqrs

2024-08-29 03:20:05

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There's nothing CTV gives us that brings us much further along in the near term, at all.
I would listen to Rusty's latest recording with the Brink team to get a better sense of what actual improvement makes sense.
We can do better and we have plenty of time to unlock true scripting capabilities that will be long lasting and enable all use cases we might want.

2024-08-28 15:43:20

Nostr is our global economic memory
If you show up late you'll have your work cut out for you.
Invest early, reap rewards later.
#note1t69…a98y

2024-08-28 15:36:21

In NostRiga @npub1lun…27lj had this intuition Web-Of-Trust is deflationary. He is correcdt!
There is no better explanation of this than MP's "GPG Contracts" article.
http://trilema.com/2012/gpg-contracts/
The potential of this is MASSIVE. It's a complete shift from the society we live in. https://m.primal.net/KRho.png

2024-08-28 15:31:03

We all love Bitcoin and it is the future but to bootstrap the AI <> Nostr flywheel we must put into developers' hands money they're familiar with.
This is where stablechannels come in!
@npub1zfy…m60l's talk at @npub155m…dcvg day further convinced me that this is a very powerful idea.
It doesn't have to be perfect. It JUST WORKS at small scale and is extremely sticky!
h/t @npub1mz3…mymx @npub1cd0…xlvx

2024-08-26 21:42:05

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No. This will be live on mainnet soon.
Covenants can make it better but it doesn’t require a fork

2024-08-26 19:17:37

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Appreciate that! Also thought it really hit the point

2024-08-23 13:38:38

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Criticize him for what specifially?

2024-08-23 12:46:55

The quality of people in the Nostr space is pretty mindblowing to me as a mere Bitcoin pleb.
We're going to get so sick of winning

2024-08-23 00:06:03

Some food for Nostr thoughts.
GN nostriches https://m.primal.net/KIZc.png

2024-08-22 22:33:28

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Found Kalve Espresso Room this morning.
Legit 10/10 would recommend.

2024-08-22 15:54:06

Ark is coming 👀
https://bitcoinmagazine.com/business/tim-draper-invests-in-ark-labs-to-make-bitcoin-payments-easier

2024-08-16 02:47:09

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honestly people in 2013 were dumb as fuck as well

2024-08-14 21:24:00

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>utxo ownership proofs
feels limiting, most people aren't likely to own utxos in the first place

2024-08-14 19:11:35

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I completely agree with everything you've just said but let's just not errr on using terms like unilateral exit when they have a very well defined intent which doesn't apply here.

2024-08-14 17:40:10

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The mint running away with the collateral

2024-08-14 16:29:14

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Hmm this is cool but it doesn't address the actual custodial risk typically associated with ecash.

2024-08-14 15:58:25

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Can you expend on this?
By custodian do you mean the mint or wherever you are storing your nsac?

2024-08-12 22:13:17

Time is a flat circle ⚡️
https://m.primal.net/Jxbf.png

2024-08-12 01:43:13

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Wow!

2024-08-10 04:32:33

BTC-backed loans, stable or yielding contracts and other derivatives advertised & exercised via Liquidity Ads & Nostr boards
A Bitcoin native financial system intermediated by Nostr npubs and enforced w/ ecash, DLCs & Lightning settlements
No shitcoin
It's gonna be glorious!

2024-08-09 21:40:29

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@npub1zac…5dy5
I have a mission for you

2024-08-09 20:27:09

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Try Bitkey 😉

2024-08-09 19:07:41

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cool story bro

2024-08-09 19:02:22

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Reads note.
Check profile.
Sees XMR.
Ignores.

2024-08-09 18:43:51

Bitcoiners are going to have a hard time, get scammed, repeatedly deceived and go into depression until they are ready to admit that 99% of retail payments will not go through self-custodial UTXOs.
You don't and can't get around L1 economics.

2024-08-09 18:43:46

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I was in the dragonsden fighting in the trenches at Bitcoin's most critical moment? Where were you?
I have done my fair share of Bitcoin "recruiting". Most of the time it's a total waste of time.
People will come to Bitcoin as they need it. Same for Nostr

2024-08-09 18:14:34

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The UX problems with Nostr clients are front and center and very apparent in contrast with centralized solutions.
We know that the current state of key management is unsustainable for larger audiences. There seems to be promising progress in that regard.
I do agree that waves of adoption stimulate innovation but "recruiting" people to Nostr feels like "recruiting" people to Bitcoin. It's a pretty perilous endeavour.

2024-08-09 17:44:20

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The infrastructure is still lacking in MANY respect, rushing to onboard people who aren't ready for it will leave them struggling through a subpar experience and more likely than not give up on Nostr. Good luck getting them to come back after this.
Nostr is just like Bitcoin, people are going to flock to it in cycle but it's probably for the best that we don't have a "breakout moment" right now.

2024-08-09 02:17:33

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yeah let's support an administration that put up a literal retard as candidate to replace a senile president they tried to hide from the constituents for the last 4 years

2024-08-09 02:13:40

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fiat banks consolidate because regulations make creating fiat banks prohibitive

2024-08-09 02:12:24

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So then in your world anyone you disagree with can stale Bitcoin development by being very loud and supportive towards any potential change
I hope you realize what a silly outcome that would be

2024-08-08 23:07:48

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if you want to move spam off the network you should support OP_CAT

2024-08-08 23:05:24

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I mean it seems like you choose to focus on the noise. It’s fair to be curious about what the actual benefits are but a technical proposal should not be evaluated on the basis of people who support it.
Otherwise it would be trivial to jam Bitcoin progress forever on.

2024-08-08 21:19:38

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It does not make shitcoining any easier.
It allows any Bitcoin users to set spending restrictions on their bitcoins. If you have an issue with how other people might use their bitcoins that's a you problem not a Bitcoin problem.
Any feature that makes Bitcoin better by default makes the life of anyone who use it better. Would we want to remove multisig because it makes shitcoining on Bitcoin easier?
Meanwhile you can use those new spending conditions to create a vault with reactive security for your savings, or your ecash mint.
Or build more capital efficient ARKs to further improve liquidity for Lightning Service Providers.

2024-08-08 21:10:52

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People are already shitcoining on Bitcoin and it will never stop.
OP_CAT allows you to build covenants and perhaps ways for the shitcoiners to have fun while not hurting every other Bitcoin users.
On top of that, Bitcoin users interested in self-custody and payments alone would benefit from having covenants available.
Win win

2024-08-08 21:03:29

"While applications such as custody, payments, and messaging have historically been the purview of corporations and opaque service providers, Fedi allows neighbors, groups and local associations to use its technology at the service of others."
I put out a small write up on @npub1uq7…u0c2's launch yesterday
https://bitcoinmagazine.com/technical/fedi-launches-a-bitcoin-operating-system-for-communities

2024-08-06 23:01:49

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No that’s the thing. You have very little optionality in today’s system. Everything is hyper consolidated. Barriers to entry are prohibitively high. Innovation is repressed. Network effects are captured into oligopolies.
Lightning is the bridge to permissionless finance.

2024-08-06 21:24:11

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You can decide which of the hundreds of thousands of financial services built on it you will use.

2024-08-06 21:16:51

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Lightning creates a level playing ground for every financial service on the planet.
It is far and away the future for Bitcoin regardless of how people decide to use it. Custodial or not.

2024-08-06 19:00:35

Over the last year Lightning, has been integrated into
- Largest exchange in world (Binance)
- Largest exchange in USA (Coinbase)
- Largest exchange in Mexico (Bitso)
- Largest exchange in SEA (Coinsph)
- Largest fintech bank in South America (Nubank)
but there are still people out there fading it.

2024-08-06 15:47:25

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What have you done for them that you think you are entitled to anything more than what they've disclosed in their article?
Did you donate?

2024-08-06 01:15:15

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Absolutely. We don’t need everyone to self custody for Bitcoin to be successful.
Heck most people won’t be able to afford self custody anyways.

2024-08-05 23:30:29

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>how is it hard to back up your private key? There are tons of solutions out there
given the billions of dollars lost in self-custody, I'd say moderately hard.
you seem to have little idea hoe often people fuck up this very "simple" step

2024-08-05 23:23:44

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But it's just not the case.
It's much harder to securely generate a private key and back it up than it is to open an online account I don't know what you're talking about.

2024-08-05 22:21:54

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>In the western world if you can figure out how to open a bank account, you can learn how to self custody #Bitcoin
Lol no. To open a bank account you:
1. pay someone to do it for you
2. trust them to manage it.
In either case you don't have much liability at all or room to fuck up because a professional is paid to do all the work and you can sleep safe knowing you can sue them if they lose your money (or ask to rewrite the fiat chain).
Self custody requires responsibility and vigilance.

2024-08-05 22:14:17

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>- extreme form of "non-custodial centealizarion"
I feel like this is an inevitable tradeoff for large scale retail solutions.
You need a service provider to shoulder the channel management load and provide the necessary UX abstractions.
I'm also somewhat hopeful ARK can significantly mitigate the costs of self-custodial LN.

2024-08-04 22:48:28

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If you're okay with paying the costs of self custody then Phoenix and others launched soon should be able to do Lightning pretty seamlessly.

2024-08-04 19:24:34

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yes better hold your keys and go broke holding an asset heading for zero

2024-08-04 19:11:41

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if the goal is poverty yes

2024-08-04 16:54:53

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Sounds maybe like a squared peg in a round hole problem?

2024-08-03 18:43:37

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No actually it only takes 30% of hashrate or so to censor drivechains pegouts

2024-08-03 17:47:53

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Destroying an L2 requires a 51% attack on Bitcoin.
ie. destroying Bitcoin.

2024-08-03 16:51:34

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"Destroying any L2" = Destroying Bitcoin.

2024-08-03 00:14:58

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it's a balloon

2024-08-02 20:40:11

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They're welcome to create their own Nostr client 😃

2024-08-01 18:26:59

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See https://medium.com/@RubenSomsen/snarks-and-the-future-of-blockchains-55b82012452b

2024-08-01 18:22:23

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sorry missed zeros here say 30-50x.
still not a lot
https://m.primal.net/JlKJ.png

2024-08-01 18:21:12

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If you want trustless ZK rollup you must use DA on Bitcoin.
This does not scale by default. You still need non-witness data therefore you only get 5-10x increase in the throughput depending on who you ask.

2024-08-01 18:11:19

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>Yes but in this scenario you assume that most of the traffic will still happen on L1 directly ? Assuming most of the traffic move to L2s then it's not the case.
Blocks on L1 will be made full regardless, this will increase on-chain costs which are directly tied to the cost of transacting on the rollup. Bitcoin"s DA is extremely scarce and we know this creates a ceiling for rollups.
AFAIK it's well understood that rollups actually do a poor job of actually scaling though they have undeniable utility advancements.

2024-08-01 17:56:14

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>With validity proofs it's trustless. You're only giving up censorship resistance (up to L2 consensus), but gaining: scale (like lightning) and functionality. In fact, the latter also gives more security because you can do DeFi and self-custodial applications.
I was referring to sequencing layers. Rollups do not scale like Lightning in any way. They involve global state and data that has to be made available to users.
Using Bitcoin as a DA will make tx onchain strictly more expensive than on Bitcoin today the moment any sort of scale usage shows up.
All of the gadgets you refer to are underexplored and add new layers of complexity that I don't think are fully appreciate because they've never been tested in real world environment.
What we know of rollups is that they are permissioned, likely very expensive to operate and consolidate into few service providers that can capture network effect. (observations from ETH)

2024-08-01 17:29:12

Okay Nostur I see you

2024-08-01 17:28:25

Okay Nostur I see you

2024-08-01 17:23:51

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nop

2024-08-01 15:10:21

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>What bother you the most about this is the need of having a consensus and hence economic security needs ?
Precisely, yes. It's just another blockchain. Blockchain decentralization doesn't manifest in and of itself and every attempt other than Bitcoin are looking like failure so I don't see why it would be different here.
>And you don't believe that Bitcoin could be used as DA layer ?
Too expensive
>Validium
That's an option but I'm not sure how it would play out in practice. Overall it just seems overarchitectured. Another example is I have no reason to believe at the moment that fraud proof economic games are actually sustainable. They seem quite capital inefficient and I've read pretty serious concerns around the long term game theory.
I'm open to changing my minds but directionally I'm just not very impressed by the approach.
>Fragmentation
Fragmentation of social layers, liquidity, and yes interoperability. I just look at the way it's playing out on Ethereum and I don't see anything particularly appealing. It reminds me of internet gatekeeping platforms.

2024-08-01 14:50:32

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I just don't believe in decentralized sequencing. Nor do I believe you can trust DA layers. You are basically trusting other blockchains with new types of incentives. I haven't seen anything design that seems robust or sustainable. Most involve yet another token which is doomed to fail. Escape hatches are cool but they will be too expensive for just about anyone.
In this context, fragmentation is my biggest concern. I am ready to concede trust where needed (ex: I like ecash of course) but I prefer designs that optimize for market optionality (ie. cost of operating service provider is maximally low)

2024-08-01 14:39:57

Give this guy a follow Nostriches
I'm personally not a big fan of ZK as a scaling solution for Bitcoin but DVMs and zero-knowledge computation seems like a match made in heaven.
#note1wac…akqx

2024-07-31 20:14:54

I wrote about Lightning’s understated but impressive showing at Bitcoin 2024
The future is here ⚡️
https://bitcoinmagazine.com/technical/lightning-network-in-a-class-of-its-own-at-bitcoin-2024-conference

2024-07-31 02:29:50

My two favorite Nashville conference Nostr moment:
Running into @npub1zac…5dy5 and chatting about the incredible work he is doing on improve nsec security using FROST. Brilliant stuff. Secure key management is coming and it's going to change everything.
Meeting the @npub1yzv…rf8q team and hearing their INCREDIBLE story. I truly felt like a zero-to-one moment for me. It was the first time I connected with Nostr folks I had no Bitcoin connection to. I'm looking forward to see them again in Riga already.
I love Nostr 💜

2024-07-30 23:29:41

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"Bitcoin is the biggest conspiracy in the world. We have people in every church, office, and institution." - David Bailey

2024-07-30 22:04:51

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First time hearing about security cameras?

2024-07-30 16:43:59

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Lendasat is based on similar tech (DLCs) though they are taking a pretty different approach which I'd consider still experimental.

2024-07-30 16:05:41

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It's like Hodl Hodl without an escrow.

2024-07-30 01:46:52

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spell it out for me

2024-07-30 00:55:43

Which feed algo are you using most on Primal?
Right now it's "Latest with replies" seems to be doing best job for me

2024-07-30 00:49:29

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Lot of respect for what you've built and the progress and willingness to change you've shown over the years.
The best ones can adapt and reinvent themselves. Looking forward to your the chapter.

2024-07-29 16:31:36

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Huge. congrats @npub1yez…awc7 !

2024-07-22 18:17:16

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30,000 bitcoiners will be there in Nashville who disagree with you.
Different strokes for different folks.

2024-07-22 15:29:54

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exactly this 💯

2024-07-21 18:44:13

accelerate
#note1p70…3ggn

2024-07-21 00:00:54

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it's just another event type the client isn't custodying anything or responsible for the mints or the nuts

2024-07-20 23:23:26

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that’s not how any of this works

2024-07-20 19:53:46

sooooo who's the first Nostr client to integrate nuts in their wallets?

2024-07-20 19:06:55

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A significant number of those nodes were from ordinals participant earlier on this year.
There's no reason to be concerned about this tbh. As long as the option of running a node remains accessible then that's all that matters.
Most users have little reasons to run a node and that's okay.

2024-07-20 17:05:16

I just wanna say I love you guys here

2024-07-19 16:52:45

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YOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

2024-07-19 15:42:50

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Had this exact conversation on Spaces earlier this week.
Grassroot experiment > Design-by-committee

2024-07-18 20:06:11

If you're not into politics, next week’s Open-Source Stage at
@TheBitcoinConf will showcase the latest in Bitcoin technical innovation.
I highlighted some of the topics and talks I'm planning to keep an eye on.
Check it out!
https://bitcoinmagazine.com/technical/bitcoin-open-source-development-takes-the-stage-in-nashville

2024-07-18 16:22:59

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my body is ready

2024-07-18 00:12:38

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I would

2024-07-17 06:21:28

Like a digital Hawala network?
:yes:
#note192y…y98v

2024-07-15 17:14:23

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Seems to be a reoccurring pattern with him 😅
Builds cool stuff then gets jaded with it.
Hopefully he doesn't sour on Nostr the same way he seemed to with LN.

2024-07-15 16:41:57

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Indeed

2024-07-15 16:38:11

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Is there not a video of the guy basically yelling "slash the republicans throat"....?

2024-07-14 05:50:56

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Yep, today is a good demonstration that Twitter is still the place where history plays out in real time.

2024-07-14 05:43:18

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Le'ts enjoy it while it lasts 🥲