TexasHedge

Credit derivatives trader, longer of longs, steamroller of pennies | #nostr: [email protected]

Public Key

npub1qex0006pshpzkjvyvuxqr3q26m6vrfsw8gdpnzrtdad6rf2sw25q4rcauv

NIP-05 Address

Profile Code

nprofile1qqsqvn8hhaqcts3tfxzxwrqpcs9ddaxp5c8r5xse3p4k7kap54g892qpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dsx8a52k

Publishing to

relay.damus.io

nos.lol

Author Public Key

npub1qex0006pshpzkjvyvuxqr3q26m6vrfsw8gdpnzrtdad6rf2sw25q4rcauv

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Last Notes

2023-07-06 01:47:59

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I think that’s where position sizing and volatility of the asset come into play (e.g., you probably need more conviction and willingness to experience a large drawdown if putting X% of net worth in ETH vs X% of net worth in SPX).

2023-07-06 00:40:49

“Invest only what you’re willing to lose” is terrible advice because it
a) Frames investing as gambling
b) Ignores the fact that fiat cash is a position, and a terrible one over any extended timeframe

2023-07-05 22:07:01

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This is so slick

2023-07-05 18:17:49

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I genuinely thought fediverse was a disparaging term to refer to networks run by feds

2023-07-04 23:43:42

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Any notable culprits come to mind?

2023-07-04 22:57:51

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Ser there are only 21mm

2023-07-04 21:05:17

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Founding Son?

2023-07-04 20:03:29

The Founding Fathers would have been nostriches

2023-07-04 15:58:27

All are welcome https://nostr.build/i/b76317f3f2cc282fd82cf3792e9b0c974418902ce2e60e4c237e62a043255a95.jpg

2023-07-04 15:58:13

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gm!

2023-07-04 04:29:23

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It’s just like a circuit breaker. I think I blew a fuse

2023-07-04 04:26:57

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Good advice ty

2023-07-04 04:17:15

Why do so many of these relays have warning symbols? Are they no longer active? https://nostr.build/i/6b31133fd64386b0b58e5b7ae6f9f95d3cd3833dbc9691ef4644f771ea2c74b1.jpg

2023-07-04 03:36:31

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I think the real answer depends a lot on your choice of client and config

2023-07-04 03:33:41

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Bitcoin full node took 6hrs on my NUC, and iirc a nethermind Ethereum archive node took 8x as long. See you in 8 days!

2023-07-04 01:06:49

running nostr

2023-07-04 00:56:25

Preserving @npub1sg6…f63m‘s essay, A Native Internet Protocol for Social Media, on my nostr relay.
*************************************
There’s a lot of conversation around the #TwitterFiles. Here’s my take, and thoughts on how to fix the issues identified.
I’ll start with the principles I’ve come to believe…based on everything I’ve learned and experienced through my past actions as a Twitter co-founder and lead:
1. Social media must be resilient to corporate and government control.
2. Only the original author may remove content they produce.
3. Moderation is best implemented by algorithmic choice.
The Twitter when I led it and the Twitter of today do not meet any of these principles. This is my fault alone, as I completely gave up pushing for them when an activist entered our stock in 2020. I no longer had hope of achieving any of it as a public company with no defense mechanisms (lack of dual-class shares being a key one). I planned my exit at that moment knowing I was no longer right for the company.
The biggest mistake I made was continuing to invest in building tools for us to manage the public conversation, versus building tools for the people using Twitter to easily manage it for themselves. This burdened the company with too much power, and opened us to significant outside pressure (such as advertising budgets). I generally think companies have become far too powerful, and that became completely clear to me with our suspension of Trump’s account. As I’ve said before, we did the right thing for the public company business at the time, but the wrong thing for the internet and society. Much more about this here: https://twitter.com/jack/status/1349510769268850690
I continue to believe there was no ill intent or hidden agendas, and everyone acted according to the best information we had at the time. Of course mistakes were made. But if we had focused more on tools for the people using the service rather than tools for us, and moved much faster towards absolute transparency, we probably wouldn’t be in this situation of needing a fresh reset (which I am supportive of). Again, I own all of this and our actions, and all I can do is work to make it right.
Back to the principles. Of course governments want to shape and control the public conversation, and will use every method at their disposal to do so, including the media. And the power a corporation wields to do the same is only growing. It’s critical that the people have tools to resist this, and that those tools are ultimately owned by the people. Allowing a government or a few corporations to own the public conversation is a path towards centralized control.
I’m a strong believer that any content produced by someone for the internet should be permanent until the original author chooses to delete it. It should be always available and addressable. Content takedowns and suspensions should not be possible. Doing so complicates important context, learning, and enforcement of illegal activity. There are significant issues with this stance of course, but starting with this principle will allow for far better solutions than we have today. The internet is trending towards a world were storage is “free” and infinite, which places all the actual value on how to discover and see content.
Which brings me to the last principle: moderation. I don’t believe a centralized system can do content moderation globally. It can only be done through ranking and relevance algorithms, the more localized the better. But instead of a company or government building and controlling these solely, people should be able to build and choose from algorithms that best match their criteria, or not have to use any at all. A “follow” action should always deliver every bit of content from the corresponding account, and the algorithms should be able to comb through everything else through a relevance lens that an individual determines. There’s a default “G-rated” algorithm, and then there’s everything else one can imagine.
The only way I know of to truly live up to these 3 principles is a free and open protocol for social media, that is not owned by a single company or group of companies, and is resilient to corporate and government influence. The problem today is that we have companies who own both the protocol and discovery of content. Which ultimately puts one person in charge of what’s available and seen, or not. This is by definition a single point of failure, no matter how great the person, and over time will fracture the public conversation, and may lead to more control by governments and corporations around the world.
I believe many companies can build a phenomenal business off an open protocol. For proof, look at both the web and email. The biggest problem with these models however is that the discovery mechanisms are far too proprietary and fixed instead of open or extendable. Companies can build many profitable services that complement rather than lock down how we access this massive collection of conversation. There is no need to own or host it themselves.
Many of you won’t trust this solution just because it’s me stating it. I get it, but that’s exactly the point. Trusting any one individual with this comes with compromises, not to mention being way too heavy a burden for the individual. It has to be something akin to what bitcoin has shown to be possible. If you want proof of this, get out of the US and European bubble of the bitcoin price fluctuations and learn how real people are using it for censorship resistance in Africa and Central/South America.
I do still wish for Twitter, and every company, to become uncomfortably transparent in all their actions, and I wish I forced more of that years ago. I do believe absolute transparency builds trust. As for the files, I wish they were released Wikileaks-style, with many more eyes and interpretations to consider. And along with that, commitments of transparency for present and future actions. I’m hopeful all of this will happen. There’s nothing to hide…only a lot to learn from. The current attacks on my former colleagues could be dangerous and doesn’t solve anything. If you want to blame, direct it at me and my actions, or lack thereof.
As far as the free and open social media protocol goes, there are many competing projects: @bluesky is one with the AT Protocol, nostr another, Mastodon yet another, Matrix yet another…and there will be many more. One will have a chance at becoming a standard like HTTP or SMTP. This isn’t about a “decentralized Twitter.” This is a focused and urgent push for a foundational core technology standard to make social media a native part of the internet. I believe this is critical both to Twitter’s future, and the public conversation’s ability to truly serve the people, which helps hold governments and corporations accountable. And hopefully makes it all a lot more fun and informative again.
💸🛠️🌐
To accelerate open internet and protocol work, I’m going to open a new category of #startsmall grants: “open internet development.” It will start with a focus of giving cash and equity grants to engineering teams working on social media and private communication protocols, bitcoin, and a web-only mobile OS. I’ll make some grants next week, starting with $1mm/yr to Signal. Please let me know other great candidates for this money.

2023-07-03 19:41:41

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I keep seeing this — ordering a copy now! Thank you for the rec

2023-07-03 01:16:08

the male urge to build a nostr client with Metamask integration https://nostr.build/i/d5dfa388f846a722c0095047bbedfad12f17569a0a0e37c34923b866e85a6325.gif

2023-07-02 22:56:48

Instagram has devolved into the home shopping network for millennials

2023-07-02 21:21:30

The incline bench is the most presidential of the compound lifts

2023-07-02 20:32:29

if you run a relay, you are officially a made man of la cosa nostr https://nostr.build/i/8272d06c4643c0f519fdc82e55c0e6e4754968b6d7f33f612d222e1b7554c12e.jpg

2023-07-02 20:19:22

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Fantastic stuff — congratulations!

2023-07-02 17:35:32

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2023-07-02 14:04:23

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https://damus.io/note130k4ym7zllf7y0ln5mzdjm6epp4ycytwfhnewqxf5n6xag9z5gms0mswmh

2023-07-02 01:14:18

Your tweets do not belong to you https://nostr.build/i/5bf084157531bb7c638519992fe02636478dc1c2ca76b005ddf0383b9286eabe.jpg

2023-07-02 01:02:34

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Ironic that they thought religion would *prevent* us from destroying ourselves

2023-07-01 22:47:09

The decentralized future of social media should not require an invite link

2023-07-01 22:47:01

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Ty for the reminder!

2023-07-01 21:54:19

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Nostr loves scraping so much it has a special term for it: running a relay

2023-07-01 21:53:45

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I touched it without even trying

2023-07-01 21:53:11

Protocols are so happy for you to scrape them that they even have a special term for it: running a relay. https://nostr.build/i/ea0330f3f974d93e4d0f21fa65b67d206d0e51941b4206e655398f7b43db76b8.jpg

2023-07-01 21:51:22

Protocols are so happy for you to scrape them that they even have a special term for it: running a node. https://nostr.build/i/ea0330f3f974d93e4d0f21fa65b67d206d0e51941b4206e655398f7b43db76b8.jpg

2023-07-01 19:53:18

gm refugees of the bird app. la cosa nostr welcomes you with open arms

2023-05-22 01:58:24

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Looks great! I make something similar but with black lentils instead of quinoa

2023-03-26 00:22:38

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Not to be confused with nocig, a nostr-based smoking cessation support group

2023-03-01 16:35:54

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Yeah you make a great point. I’m thinking in terms of individuals learning to value BTC and Bitcoin blockspace. Institutional adoption is important as well, and doesn’t benefit from ordinals in the same way (I don’t think).

2023-03-01 13:03:49

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A neat difference is that gold prices out low value use cases because of the value of the material.
Inscriptions use an amount of material that has negligible cost, but price out low value use cases because of the value of the blockspace.

2023-03-01 01:25:38

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1.01^365=37.78

2023-02-28 13:07:03

Say what you will about inscriptions, but I have far more friends running Bitcoin nodes now than I did a month ago

2023-02-28 13:04:42

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The average person’s first gold purchase isn’t a bar, it’s a necklace. It’s how they learn to appreciate the material.
The average person’s first Bitcoin purchase will be an inscription. It’s how they’ll learn to appreciate the instrument and its scarcity.

2023-02-28 12:51:07

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Agree with you Dennis. I continue to think the right analogy is BTC:Inscriptions::Gold:Jewelry.
Gold has been resilient for millennia, and has not priced out jewelry.

2023-02-26 17:43:47

Just inscribed my first Ordinal!
https://ordinals.com/inscription/28929e92e067f6cd02020e5a5290b7a0c99840f0e642cc109213458ac5d300a9i0

2023-02-26 15:43:20

I’m finally on Damus! It’s as great as I was told

2023-01-21 16:34:43

been off nostr for a while. gm

2023-01-05 12:12:59

2023-01-03 04:21:06

The Green Knight is the best film I've seen in a long time. Enjoying reading the original text (Sir Gawain and the Green Knight) now

2023-01-02 02:00:49

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lol thanks for the clarification

2023-01-02 01:59:50

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🤝

2023-01-02 01:59:10

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very well put

2023-01-02 01:59:00

#[1]

2023-01-02 00:39:44

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I think a lot of people cling so tightly to their anger that they would rather believe a falsehood that deepens it than accept a truth that frees them of it.

2023-01-02 00:36:47

#[1]

2023-01-02 00:28:26

#[1]

2023-01-02 00:06:01

People are a lot nicer on nostr. I guess that's a combination of it being smaller, requiring a little more effort to get setup than Twitter, and (perhaps most importantly) the fact that people cater to other humans instead of an algorithm that rewards inflammatory content

2022-12-31 22:00:24

#[2]

2022-12-30 22:55:47

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😀

2022-12-30 22:15:08

gm fellow brethren of la cosa nostr

2022-12-29 02:54:56

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lol this is impressive. there has got to be an analogue to rule 34: if it exists, there is a pepe version of it

2022-12-29 02:50:33

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Amazing track. I only just realized there's a music video for it!

2022-12-29 02:46:09

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Mr Morale blew me away. We Cry Together is on another level

2022-12-29 02:42:52

What's the best iOS nostr client for a pleb who was too late to the damus testflight beta?

2022-12-29 02:41:48

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it also is what got me to try out nostr, which, while not as sleek as farcaster at this stage, feels a lot more like it can become whatever anyone wants it to be

2022-12-29 02:41:14

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for me too! btw i've re-read your essay a few times now. man the L1/L2 analogy is spot on. really helped me think about how well-suited modular blockchain principles are to social protocols. it's a really important essay in the canon of the debate on social networks imo

2022-12-29 02:39:14

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I was force logged out, and then it took many attempts to log back in

2022-12-29 01:07:55

#[1]

2022-12-29 01:07:48

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looks great!

#[4]

#[1]

#[0]

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all good ty!

2022-12-28 00:34:28

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Is there any way to get access to the damus ios app, or is the testflight beta maxed out?

2022-12-27 23:03:33

2022-12-27 21:19:58

gm #[0]!

2022-12-27 21:02:19

#[0] Verifying My Public Key: "0xTexasHedge"

2022-12-27 20:38:35

Testing

2022-12-27 20:38:19

Testing out my newly NIP-05-verified account, using my own relay.

2022-12-27 20:37:49

Testing out my newly NIP-05 verified account on my own relay

2022-12-27 20:24:10

#[2]

2022-12-27 20:24:01

#[2]

2022-12-27 19:58:02

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For NIP-05 verification you mean? Or are you asking why I'm running my own relay?

2022-12-27 19:57:00

Now that my relay is up and running, my next task is to figure out how to get CORS to work with my static website. Who knew enabling CORS access to an S3 bucket would be so hard

2022-12-27 19:52:57

Testing out my new relay

2022-12-27 19:51:49

nostr-relay.texashedge.xyz is live!
Thank you Andre Neves for the great tutorial, and #[0] for the help along the way!

2022-12-27 19:41:52

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Update: Running cp settings.sample.json ~/.nostr/settings.json instead of mv fixed this.

2022-12-27 19:08:20

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Thank you very much! I tried restarting my shell, and I'm in the right directory, but no luck. I should mention, I'm also getting this error:
#0 15.56 src/utils/settings.ts(8,32): error TS2307: Cannot find module '../../settings.sample.json' or its corresponding type declarations.

2022-12-27 18:49:29

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I did too, but this helped me install Docker:
https://www.digitalocean.com/community/tutorials/how-to-install-and-use-docker-on-ubuntu-22-04

2022-12-27 18:47:03

Following this to get my relay up and running:
https://andreneves.xyz/p/set-up-a-nostr-relay-server-in-under
Getting stuck at the last step. When I run npm run docker:compose:start, I get this error:
failed to solve: executor failed running [/bin/sh -c npm run build]: exit code: 2

2022-12-27 17:40:30

testing

2022-12-27 16:35:58

#[1]

2022-12-27 01:55:31

This is pretty cool. Struggling to get CORS working properly with my domain, but after that I'll be all set.

2022-12-26 17:54:19