cryptofolyo

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npub14zmy68zamrx7wxtw4en29cnuka4cg5dssh3520qetuhtf0232yasgjta50

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Profile Code

nprofile1qqs23djdr3wa3n08r9h2ue4zuf7tw6uy2xcgtc698sv47t45h4g4zwcpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qy28wumn8ghj7un9d3shjtnyv9kh2uewd9hszm8c5g

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nostr-pub.wellorder.net

relay.damus.io

nos.lol

Author Public Key

npub14zmy68zamrx7wxtw4en29cnuka4cg5dssh3520qetuhtf0232yasgjta50

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Last Notes

2024-01-28 06:40:03 GMT

https://en.wikipedia.org/wiki/List_of_countries_by_number_of_millionaires
As per the above link there are 56 million millioaires
only 1 million bitcoin accounts with more than 1 bitcoin
That means at least 55 million people may allocate 1 bitcoin into their portfolio in the coming few months of dollar hyper inflation https://bit.ly/dollarhyperinflation
Only 900 bitcoins mined per day for 56 million people to compete and buy
If at least half of the 55 million millioinaires left behind is going to buy in the coming one year
Then they 27.5 million millionaires with 10% of their million or 100,000 USD allocated into bitcoin
That means 2750 billion allocation into buying 3,28,500 bitcoin mined the next one year.
That means bitcoin valuation can be 8.37 million USD per bitcoin ( 2750 billion divided by 328500 )

2024-01-27 20:23:01 GMT

- reply

@npub180c…h6w6

2024-01-27 20:22:07 GMT

- reply

Can it be used to store bitcoin private keys within the NOSTR architecture?
If so then the problem of securely storing bitcoin easily without a central custodian is solved for ever

2024-01-27 10:43:50 GMT

- reply

This is just an idea like Fedimint
How a NOSTR client and social media friends can help u in storing and retrieving the bitcoin even if u lost it.
What is Shamirs Secret Sharing Method used in BitAddress.org?
Using Shamirs Secret Sharing method u can split the bitcoin private key into any number of shares and u can define the minimum number of shares required to regenerate back the private key. U can see that this method is used in bitaddress.org Split Wallet
How to utilise this in a NOSTR Client?
The idea is to build a NOSTR client ( NOSTRKEY ) which can do the following.
Generate a bitcoin private key
Divide the private key into 3 shares using bitaddress.org - Split wallet method - ( I think Shamir's Secret Sharing method is used here )
Minimum share threshold needed to combine must be 2
This means if two out of the 3 shares of secret is available then the private key can be regenerated from any of the 2 out of 3 shares combined.
Share 1 = Bitcoin owners share
Share 2 = Community share
Share 3 = NOSTRKEY share
Share 1 is generated by NOSTRKEY and send to the Bitcoin Owner and it is encrypted by the Bitcoin owners NOSTRKEY client with the NOSTR Private key of the Bitcoin Owner
The bitcoin owner adds a nominee to his account and also few relatives or friends as his community in NOSTR
Share 2 is generated by NOSTRKEY and send to the nominee and the friends and encrypted by the respective NOSTRKEY clients using these individual friends NOSTR private key
Share 3 is encrypted with the NOSTRKEY main account private key ( There will be a NOSTRKEY account in NOSTR ) and then send as a DM to the bitcoin owners address
The bitcoin owner can retrieve his private key from his own account at any time interacting with the NOSTRKEY client and combining share 1 and share 2
Suppose if the bitcoin owner lose his keys for any reason - Then he can request NOSTRKEY and any one of his friends/relatives to combine SHARE 2 and SHARE 3 to regenerate the Bitcoin Private Key
Suppose in the event of death of the owner one of the Friends or relative who is made the nominee can be transfered the bitcoin if the nominee makes a claim. In which case the SHARE 2 and SHARE 3 is combined to regenerate the private key. The nominees claim will have to be verified by 50% of the other friends and relatives added who are not nominees So if there is one nominee and 2 friends added. then the nominee and one other friend should be making the claim
All the retrieval requests made by the friends or nominee is send to the the owner address and the regeneration event happens only after a delay of 7 days for the owner to cancel the retrieval request
The owner can retrieve the bitcoin instantly with SHARE 1 and SHARE 2
SHARE 3 can be used only with a 7 days delay on retrieval
write
preview

2024-01-27 10:23:03 GMT

- reply

@npub1sg6…f63m @npub180c…h6w6 @npub1ghz…qtwq

2024-01-27 10:22:10 GMT

https://m.primal.net/HZUN.png
Generate a private key
Divide the private key into 3 shares using bitaddress.org - Split wallet method - ( I think Shamir's Secret Sharing method is used here )
Minimum share threshold needed to combine must be 2
This means if two out of the 3 shares of secret is available then the private key can be regenerated from any of the 2 out of 3 shares combined.
Share 1 = Bitcoin owners share
Share 2 = Community share
Share 3 = NOSTRKEY share
Make a specialised NOSTR Client to store and share the private key as described below.
This NOSTR client - Lets call it NOSTRKEY for now can generate a bitcoin private key and generate 3 shares for the key - NOSTRKEY client will have a NOSTR Private key and address.
In this NOSTR client the bitcoin owner can select any number of relatives/friends amongst his Multiple trusted people. Like it can be the spouse, nearest kins or friends.
Share 1 - One share of the key is kept with the owner himself or herself
Share 2 - One share of the key is kept with all the relatives/friends. This share is sent as a DM from the NOSTRKEY client to the friends and relatives etc and the share is encrypted using the friends NOSTR private key and send back as a DM to the NOSTRKEY client. So each of these
One share of the key is kept with the NOSTRKEY within NOSTR itself - The NOSTRKEY client encrypts the Share with its private key and send it as a DM to the Owner upon the key generation event.
The bitcoin owner can retrieve his private key from his own account at any time interacting with the NOSTRKEY client and combining share 1 and share 2
Suppose if the bitcoin owner lose his keys for any reason - Then he can request NOSTRKEY and any one of his friends/relatives to combine SHARE 2 and SHARE 3 to regenerate the Bitcoin Private Key
Suppose in the event of death of the owner one of the Friends or relative who is made the nominee can be transfered the bitcoin if the nominee makes a claim. In which case the SHARE 2 and SHARE 3 is combined to regenerate the private key. The nominees claim will have to be verified by 50% of the other friends and relatives added who are not nominees. So if there is one nominee and 2 friends added. then the nominee and one other friend should be making the claim
All the retrieval requests made by the friends or nominee is send to the the owner address and the regeneration event happens only after a delay of 7 days for the owner to cancel the retrieval request
The owner can retrieve the bitcoin instantly with SHARE 1 and SHARE 2
SHARE 3 can be used only with a 7 days delay on retrieval

2024-01-15 14:41:50 GMT

https://stacker.news/items/388895/r/cryptofolyo

2023-06-16 13:29:31 GMT

Bitcoin, Gold, Silver and Ampleforth
A PATH TO BUILDING A FORTUNE IN AN ERA OF HYPERINFLATION
TLDR Summary: Dollar hyperinflation raises concerns about the global economy and the role of cryptocurrencies. Future projections suggest that cryptocurrencies may surpass the combined market capitalization of gold and silver, with bitcoin accounting for a significant portion. Stablecoins, including Ampleforth, are predicted to represent a fifth of bitcoin’s market capitalization. In this context, innovative projects like Ampleforth aim to provide an inflation-resistant stablecoin. These projects leverage Chainlink Oracle technology to adjust token supply based on external factors, ensuring stability amid market volatility. However, it is important to note that these projections are based on assumptions and estimations, subject to market fluctuations. The value distribution among assets is also expected to change, with gold, silver, bitcoin, and Ampleforth potentially experiencing significant increases. Nonetheless, these projections should be approached with caution as actual values may vary due to various factors and market dynamics.
Welcome to Cryptofolio’s Guide to Building a Fortune, where we explore the power of small investments and the journey towards wealth creation. In this empowering blog series, we unravel the secrets of accumulating riches one step at a time. Whether you are a beginner or seasoned investor, our series will equip you with valuable insights and strategies to make your money work for you.
Let’s begin by estimating the total global assets from various sources. According to Savalis research estimates, and taking into account data from the Bank of International Settlements on OTC derivatives, the dollar-denominated assets’ market capitalization is estimated to be $1,260 trillion.
Now, let’s delve into estimating the total money supply based on the properties of money discussed in a previous video. We consider gold, silver, bitcoin, and other cryptocurrencies as part of the money supply. The total money supply is estimated at $82.6 trillion. Breaking it down further, the total gold market capitalization is approximately $12.9 trillion, silver market capitalization is $1.3 trillion, and crypto market capitalization is $1.1 trillion. Therefore, there is roughly $97.9 trillion worth of money in circulation against a backdrop of $1,260 trillion worth of assets, including OTC derivatives.
Now, let’s project the changes in the money supply following a potential dollar hyperinflation event. The chart depicting the dollar supply shows exponential growth. With increasing interest rates, the budget deficit will continue to expand, leading to a need for raising debt ceilings to meet the deficits. Consequently, the supply of dollars will have to keep increasing. This trajectory ultimately points towards hyperinflation, while bitcoin’s supply remains limited at 21 million coins.
As the supply of Dollar in the system is on a continuous rise Bitcoin emerges as a superior form of money in this scenario. As the supply of the US dollar continues to rise, concerns about inflation and the stability of traditional fiat currencies have heightened. In this scenario, Bitcoin, the pioneering cryptocurrency, emerges as a superior form of money. Its decentralized nature, limited supply, and potential to act as a hedge against inflation position it as an attractive alternative. If the dollar experiences hyperinflation, bitcoin may replace it as the natural global reserve currency. While the total money supply of $97.9 trillion may remain relatively unchanged, fiat currencies worldwide would likely suffer a significant loss in value. This implies that assets such as gold, silver, bitcoin, and other cryptocurrencies, including stablecoins, would need to be utilized for exchanging the remaining $1,260 trillion worth of assets. The market capitalization of fiat money could potentially decrease to approximately one-tenth of its current value, amounting to around $8.3 trillion in today’s terms. This substantial decline reflects the potential impact of hyperinflation on fiat currencies.
In a hypothetical scenario, the market capitalization of silver could potentially equal that of gold, based on their historical ratio of one-to-ten. As there is around 10 times silver than there is gold in terms of weight the market capitalisation of silver can approximately the same. The market capitalization of cryptocurrencies, especially bitcoin, may surpass or at least be equal to the combined market capitalization of gold and silver. This change is attributed to the superior portability and divisibility of cryptocurrencies compared to precious metals. Currently, bitcoin holds nearly 50% of the total cryptocurrency market capitalization, and this dominance trend may continue in the future. Additionally, stablecoins, such as USDT, Ampleforth, and others, are expected to maintain a significant portion of the market capitalization relative to bitcoin. As the values of bitcoin and other cryptocurrencies are prone to significant fluctuations, there is a growing demand for an inflation-resistant stablecoin that can provide stability in volatile markets for day-to-day transactions.
Among the emerging options for an inflation-resistant stablecoin, Ampleforth and Spot Cash are gaining attention. Ampleforth’s algorithmic stability, pegged to the value of 2,019 Dollar, positions it as a potential leader in the inflation-resistant stablecoin market, with a projected market capitalization capture of 50% of the Total Stable coin market. The Cantillon Effect, which refers to the uneven distribution of benefits and costs resulting from changes in the money supply, comes into play here. According to this effect, the injection of new money into an economy does not affect all individuals and sectors equally. The recipients of the new money, such as banks or government entities, tend to benefit from increased purchasing power before prices of goods and services adjust. As a result, they can acquire resources and assets at existing prices, potentially leading to wealth accumulation. Ampleforth’s unique approach aims to defy the traditional Cantillon Effect by offering an inflation-resistant stablecoin. Through adjusting its supply based on demand, Ampleforth seeks to maintain a stable purchasing power. This innovative approach provides individuals and businesses with a predictable and stable medium of exchange, potentially mitigating the wealth redistribution effects associated with central bank-issued currencies. However, the success of Ampleforth in defying the Cantillon Effect relies on market dynamics and broader economic factors.
In the early days of Bitcoin, Satoshi Nakamoto, the anonymous creator, was asked about the total amount of tokens that can be created and the possibility of adjusting the limit based on the adoption of the system. Satoshi responded that there is no central authority, like a central bank or the Federal Reserve, to adjust the money supply as the user population grows. If there was a desire to actively manage the money supply and peg it to something, it could have been programmed into the rules. This acknowledgment by Satoshi highlights the potential for a mechanism to adjust token supply based on external factors. The advent of Chainlink Oracle technology and subsequent projects like Ampleforth have introduced innovative solutions to address this need. Chainlink Oracle acts as a bridge between blockchain networks and real-world data, providing reliable and tamper-proof data feeds. By leveraging Chainlink Oracle, projects like Ampleforth have programmed rules to peg their token supply to the value of $2,019. This approach enables an inflation-resistant stablecoin that adjusts its supply based on the value of the reference currency, ensuring stability amid market volatility. Through smart contracts and the integration of external data sources, these projects offer a clever way to manage token supply and maintain a desired peg to an external value. This innovative approach fosters transparency and trust in the process, ensuring that the token supply remains aligned with the intended value peg.
Looking into future projections for the value distribution of assets, several premises are considered. Cryptocurrencies, including bitcoin, are expected to surpass the combined market capitalization of gold and silver. Gold and silver are assumed to have equal market capitalization. Fiat currencies are projected to decrease to approximately one-tenth of their current value. Bitcoin’s market capitalization is estimated to constitute half of the total cryptocurrency market capitalization. Stablecoins, including USDT and Ampleforth, are predicted to represent one-fifth of bitcoin’s market capitalization. These assumptions serve as the foundation for calculations and future projections of the value distribution among different assets. However, it is essential to note that these projections are based on assumptions and estimations, and actual values may vary in practice.
In the event of dollar hyperinflation, the projected redistributed money supply could take the following form: fiat money value may decrease to $8.26 trillion or one tenth of the current market cap, while gold and silver, assumed to have equal market capitalization, would reach approximately $22.41 trillion each. Cryptocurrencies, including bitcoin and other crypto assets, are projected to have a combined market capitalization of $44.82 trillion. Summing up the values of fiat money, gold, silver, and cryptocurrencies, the total money supply would amount to $97.9 trillion, which aligns with the current total money supply including fiat currencies, gold, silver, and cryptocurrencies. It is important to remember that these projections are based on assumptions and estimations, and the actual redistributed money supply may vary depending on various factors and market dynamics.
Considering the future market capitalization of cryptocurrencies after dollar hyperinflation, the combined market capitalization of all cryptocurrencies is projected to be $44.82 trillion. Within this figure, bitcoin is expected to account for half of the total cryptocurrency market capitalization, estimated at $22.41 trillion. Stablecoins, representing one-fifth of bitcoin’s market capitalization, are projected to contribute approximately $4.48 trillion. The remaining market capitalization of $17.93 trillion is allocated to other cryptocurrencies apart from bitcoin and stablecoins. These projections are subject to assumptions and estimations and may vary in actual scenarios. It is worth noting that around half of the projected market capitalization for cryptostable coins is likely to be attributed to an inflation-resistant stablecoin like Ampleforth or Spot cash. Given the volatility and uncertainty in the crypto market, the demand for inflation-resistant stablecoins offering price stability and inflation protection is anticipated to increase. However, these projections should be regarded as speculative and subject to market fluctuations.
Lastly, the future projected values of different assets. Based on the above assumptions Gold is expected to rise to $3,391 per ounce, silver to $396 per ounce, bitcoin to $1.16 million per bitcoin, and Ampleforth, represented by wrapped AMPL, to $224,000. These estimates reflect potential increases in value based on factors such as market demand, historical ratios, and the unique characteristics of each asset. However, it is crucial to remember that these projections are speculative and subject to market fluctuations.
In conclusion, the article explores the potential impact of dollar hyperinflation on the global economy and the role of cryptocurrencies in such a scenario. It presents calculations and projections based on assumptions and estimations, highlighting the potential value distribution among different assets. While these projections provide insights into possible outcomes, they should be approached with caution as the actual values may vary due to various factors and market dynamics. The emergence of innovative solutions, such as Ampleforth and Chainlink Oracle, offers new approaches to managing token supply and maintaining stability in the crypto market. As the future unfolds, it will be interesting to see how these projections align with the actual developments in the financial landscape.

2023-06-16 08:33:45 GMT

#note137n…0se6
NOSTR is already better than twitter

2023-06-16 07:41:49 GMT

- reply

@jack
@fiat
https://bit.ly/ifsatoshi

2023-06-09 21:56:56 GMT

https://youtu.be/BLS0G83u0vg
Target price for Bitcoin calculated to be 1.16 million USD
Target price for gold @ 3391
Target price for Silver @ 396
Target price for wrapped AMPL @ 224000

2023-06-09 21:51:34 GMT

A Path to Building a Fortune in an Era of Hyperinflation
GOLD, SILVER, BITCOIN and AMPLEFORTH
Target price for Bitcoin calculated to be 1.16 million USD
Target price for gold @ 3391
Target price for Silver @ 396
Target price for wrapped AMPL @ 224000
TLDR Summary: Dollar hyperinflation raises concerns about the global economy and the role of cryptocurrencies. Future projections suggest that cryptocurrencies may surpass the combined market capitalization of gold and silver, with bitcoin accounting for a significant portion. Stablecoins, including Ampleforth, are predicted to represent a fifth of bitcoin's market capitalization. In this context, innovative projects like Ampleforth aim to provide an inflation-resistant stablecoin. These projects leverage Chainlink Oracle technology to adjust token supply based on external factors, ensuring stability amid market volatility. However, it is important to note that these projections are based on assumptions and estimations, subject to market fluctuations. The value distribution among assets is also expected to change, with gold, silver, bitcoin, and Ampleforth potentially experiencing significant increases. Nonetheless, these projections should be approached with caution as actual values may vary due to various factors and market dynamics.
Welcome to Cryptofolio's Guide to Building a Fortune, where we explore the power of small investments and the journey towards wealth creation. In this empowering blog series, we unravel the secrets of accumulating riches one step at a time. Whether you are a beginner or seasoned investor, our series will equip you with valuable insights and strategies to make your money work for you.
Let's begin by estimating the total global assets from various sources. According to Savalis research estimates, and taking into account data from the Bank of International Settlements on OTC derivatives, the dollar-denominated assets' market capitalization is estimated to be $1,260 trillion.
Now, let's delve into estimating the total money supply based on the properties of money discussed in a previous video. We consider gold, silver, bitcoin, and other cryptocurrencies as part of the money supply. The total money supply is estimated at $82.6 trillion. Breaking it down further, the total gold market capitalization is approximately $12.9 trillion, silver market capitalization is $1.3 trillion, and crypto market capitalization is $1.1 trillion. Therefore, there is roughly $97.9 trillion worth of money in circulation against a backdrop of $1,260 trillion worth of assets, including OTC derivatives.
Now, let's project the changes in the money supply following a potential dollar hyperinflation event. The chart depicting the dollar supply shows exponential growth. With increasing interest rates, the budget deficit will continue to expand, leading to a need for raising debt ceilings to meet the deficits. Consequently, the supply of dollars will have to keep increasing. This trajectory ultimately points towards hyperinflation, while bitcoin's supply remains limited at 21 million coins.
As the supply of Dollar in the system is on a continuous rise Bitcoin emerges as a superior form of money in this scenario. As the supply of the US dollar continues to rise, concerns about inflation and the stability of traditional fiat currencies have heightened. In this scenario, Bitcoin, the pioneering cryptocurrency, emerges as a superior form of money. Its decentralized nature, limited supply, and potential to act as a hedge against inflation position it as an attractive alternative. If the dollar experiences hyperinflation, bitcoin may replace it as the natural global reserve currency. While the total money supply of $97.9 trillion may remain relatively unchanged, fiat currencies worldwide would likely suffer a significant loss in value. This implies that assets such as gold, silver, bitcoin, and other cryptocurrencies, including stablecoins, would need to be utilized for exchanging the remaining $1,260 trillion worth of assets. The market capitalization of fiat money could potentially decrease to approximately one-tenth of its current value, amounting to around $8.3 trillion in today's terms. This substantial decline reflects the potential impact of hyperinflation on fiat currencies.
In a hypothetical scenario, the market capitalization of silver could potentially equal that of gold, based on their historical ratio of one-to-ten. As there is around 10 times silver than there is gold in terms of weight the market capitalisation of silver can approximately the same. The market capitalization of cryptocurrencies, especially bitcoin, may surpass or at least be equal to the combined market capitalization of gold and silver. This change is attributed to the superior portability and divisibility of cryptocurrencies compared to precious metals. Currently, bitcoin holds nearly 50% of the total cryptocurrency market capitalization, and this dominance trend may continue in the future. Additionally, stablecoins, such as USDT, Ampleforth, and others, are expected to maintain a significant portion of the market capitalization relative to bitcoin. As the values of bitcoin and other cryptocurrencies are prone to significant fluctuations, there is a growing demand for an inflation-resistant stablecoin that can provide stability in volatile markets for day-to-day transactions.
Among the emerging options for an inflation-resistant stablecoin, Ampleforth and Spot Cash are gaining attention. Ampleforth's algorithmic stability, pegged to the value of 2,019 Dollar, positions it as a potential leader in the inflation-resistant stablecoin market, with a projected market capitalization capture of 50% of the Total Stable coin market. The Cantillon Effect, which refers to the uneven distribution of benefits and costs resulting from changes in the money supply, comes into play here. According to this effect, the injection of new money into an economy does not affect all individuals and sectors equally. The recipients of the new money, such as banks or government entities, tend to benefit from increased purchasing power before prices of goods and services adjust. As a result, they can acquire resources and assets at existing prices, potentially leading to wealth accumulation. Ampleforth's unique approach aims to defy the traditional Cantillon Effect by offering an inflation-resistant stablecoin. Through adjusting its supply based on demand, Ampleforth seeks to maintain a stable purchasing power. This innovative approach provides individuals and businesses with a predictable and stable medium of exchange, potentially mitigating the wealth redistribution effects associated with central bank-issued currencies. However, the success of Ampleforth in defying the Cantillon Effect relies on market dynamics and broader economic factors.
In the early days of Bitcoin, Satoshi Nakamoto, the anonymous creator, was asked about the total amount of tokens that can be created and the possibility of adjusting the limit based on the adoption of the system. Satoshi responded that there is no central authority, like a central bank or the Federal Reserve, to adjust the money supply as the user population grows. If there was a desire to actively manage the money supply and peg it to something, it could have been programmed into the rules. This acknowledgment by Satoshi highlights the potential for a mechanism to adjust token supply based on external factors. The advent of Chainlink Oracle technology and subsequent projects like Ampleforth have introduced innovative solutions to address this need. Chainlink Oracle acts as a bridge between blockchain networks and real-world data, providing reliable and tamper-proof data feeds. By leveraging Chainlink Oracle, projects like Ampleforth have programmed rules to peg their token supply to the value of $2,019. This approach enables an inflation-resistant stablecoin that adjusts its supply based on the value of the reference currency, ensuring stability amid market volatility. Through smart contracts and the integration of external data sources, these projects offer a clever way to manage token supply and maintain a desired peg to an external value. This innovative approach fosters transparency and trust in the process, ensuring that the token supply remains aligned with the intended value peg.
Looking into future projections for the value distribution of assets, several premises are considered. Cryptocurrencies, including bitcoin, are expected to surpass the combined market capitalization of gold and silver. Gold and silver are assumed to have equal market capitalization. Fiat currencies are projected to decrease to approximately one-tenth of their current value. Bitcoin's market capitalization is estimated to constitute half of the total cryptocurrency market capitalization. Stablecoins, including USDT and Ampleforth, are predicted to represent one-fifth of bitcoin's market capitalization. These assumptions serve as the foundation for calculations and future projections of the value distribution among different assets. However, it is essential to note that these projections are based on assumptions and estimations, and actual values may vary in practice.
In the event of dollar hyperinflation, the projected redistributed money supply could take the following form: fiat money value may decrease to $8.26 trillion or one tenth of the current market cap, while gold and silver, assumed to have equal market capitalization, would reach approximately $22.41 trillion each. Cryptocurrencies, including bitcoin and other crypto assets, are projected to have a combined market capitalization of $44.82 trillion. Summing up the values of fiat money, gold, silver, and cryptocurrencies, the total money supply would amount to $97.9 trillion, which aligns with the current total money supply including fiat currencies, gold, silver, and cryptocurrencies. It is important to remember that these projections are based on assumptions and estimations, and the actual redistributed money supply may vary depending on various factors and market dynamics.
Considering the future market capitalization of cryptocurrencies after dollar hyperinflation, the combined market capitalization of all cryptocurrencies is projected to be $44.82 trillion. Within this figure, bitcoin is expected to account for half of the total cryptocurrency market capitalization, estimated at $22.41 trillion. Stablecoins, representing one-fifth of bitcoin's market capitalization, are projected to contribute approximately $4.48 trillion. The remaining market capitalization of $17.93 trillion is allocated to other cryptocurrencies apart from bitcoin and stablecoins. These projections are subject to assumptions and estimations and may vary in actual scenarios. It is worth noting that around half of the projected market capitalization for cryptostable coins is likely to be attributed to an inflation-resistant stablecoin like Ampleforth or Spot cash. Given the volatility and uncertainty in the crypto market, the demand for inflation-resistant stablecoins offering price stability and inflation protection is anticipated to increase. However, these projections should be regarded as speculative and subject to market fluctuations.
Lastly, the future projected values of different assets. Based on the above assumptions Gold is expected to rise to $3,391 per ounce, silver to $396 per ounce, bitcoin to $1.16 million per bitcoin, and Ampleforth, represented by wrapped AMPL, to $224,000. These estimates reflect potential increases in value based on factors such as market demand, historical ratios, and the unique characteristics of each asset. However, it is crucial to remember that these projections are speculative and subject to market fluctuations.
In conclusion, the article explores the potential impact of dollar hyperinflation on the global economy and the role of cryptocurrencies in such a scenario. It presents calculations and projections based on assumptions and estimations, highlighting the potential value distribution among different assets. While these projections provide insights into possible outcomes, they should be approached with caution as the actual values may vary due to various factors and market dynamics. The emergence of innovative solutions, such as Ampleforth and Chainlink Oracle, offers new approaches to managing token supply and maintaining stability in the crypto market. As the future unfolds, it will be interesting to see how these projections align with the actual developments in the financial landscape.

2023-03-12 11:30:36 GMT

- reply

What if a NOSTR client can achieve these goals?
1. Incentivise authors to create great content and earn money
2. Incentivise readers to become investors on posts to earn revenue by curating and rating the posts
3. Connect like minded people nearby reading and posting about similar content
4. Discovery of great authors on a topic from across the world.
5. Incentivise users to invite and train more and more people to join nostr and develop a content economy that can enormously reward the early birds who are inviting and training from a regular forever income stream coming via the invited. Similar to the MLM schemes.
People will value that social media platform that gives most value for their time giving them the best and right content

2023-03-12 11:26:26 GMT

Now that USDC is unpegged & other stablecoins like USDT is likely to follow
Think
AMPLEFORTH - Rebasing algorithmic stable currency which is also inflation resistant
And if u want to remove rebase from the equation then AMPL SPOT a derivative of $AMPL
Satoshi thoughts one week after $bitcoin whitepaper.
If there was some clever way, or if we wanted to trust someone to actively manage the money supply to peg it to something, the rules could have been programmed for that.
https://stacker.news/items/147974/r/cryptofolyo

2023-03-08 21:35:17 GMT

- reply

You have become the fastest and largest startup incubator. 😀

2023-03-06 22:02:43 GMT

https://youtu.be/za1lLbWUagQ
What is #money? How #bitcoin matters?

2023-03-05 21:02:13 GMT

- reply

The quality of content in the user feed needs to be best and most relevant for any social media platform

2023-03-05 13:13:56 GMT

People are working 100 times harder to earn the same satoshis by generating content than they are doing to earn fiat. At least I am doing that.
#[0]
#[1]
#[2]

2023-03-05 11:43:48 GMT

- reply

#[2]
#[3]
#[4]
#[5]
#[6]
#[7]

2023-03-05 11:42:13 GMT

# Stacker News improvement proposals
1. U can use any hashtags along with the posts
2. Searching posts based on hashtags
3. following authors
4. following hashtags
5. in addition to recent and top and jobs there can be another top level menu 'like minded zaps'
6. Like minded lists all the posts with the hashtags that i have liked most in my life time and authors who post on those my liked hashtags and those authors posts whom i have liked multiple times . Weightage is assigned like
7. To open this menu i need to zap at least 5 different posts
## HW hashtag weightage
the % of time i have zapped satoshis for that hashtag amongst all other hashtags - there may be hundreds of hashtags and i have zapped for #nostr and #coding say 2% and 3% each of my total zaps - so for each hashtag i have a hashtag weightage assigned - my account will be associated with only my top 5 hashtags
## myhashtags - each accounts will have 5 hashtags added to their account dynamically based on my zapping posts ( In future weightage can be added for the myhashtags of authors whom i follow
## AW author weightage
the % of time an author is using the hashtag in his total usage of hashtags
## AHRW author hastag reputation weightage
% of total satoshi earned by that author on that hashtag out of the total satoshis earned by all authors in the same hashtag.
## PRW post reputation weightage
% of total satoshi earned by that post compared to the total satoshi earned by all posts using the same top 5 hashtags during the month
## TPW total post weightage = HW x AW x AHRW x PRW
> The posts under this section `like minded zaps` are displayed in such a way that the post with maximum TPW is displayed first as the First 5 posts
> The next 3 posts will be the most recent posts on the same hashtags with highest HW
> The next 3 posts will be the most recent posts on the same hashtags with highest AW
> The next 3 post will be the most recent posts on the same hashtags with the highest AHRW
> The next 3 post will be the most recent posts on the same hashtags with the highest AHRW
Out of the 12 recent posts some of the posts will start gaining more zaps and satoshis and thereby gain more visibility in the section 'like minded zaps'

2023-03-04 21:48:01 GMT

- reply

Can it be made working without internet over wifi relays?

2023-03-04 20:56:47 GMT

- reply

Nearby Protocol
Aim : is to get connected to the like minded people posting under similar hashtag, Connect to the best resources globally as well as to the nearest resources even if they are not the best.
Can we build a specialised #nostr client where the best quality content on each hashtag is visible as the top results.
Helping the discovery of high quality content generators locally and increase their visibility globally.
Posting with #hashtag and approximate geolocation
Searching post for #hashtag posts with nearby location and show the nearest 5 posts with the same hashtag and maximum tip ( with a time decay to reduce the visibility of older posts ) and the most nearest most recent posts without any tips ( to discover and tip new posts) and 10 all time posts with the same hashtag with highest tips globally for the same hashtag with a time decay to decrease visibility of older posts.
tipping the posts by viewers and other authors
increasing the visibility radius searchers of #hashtags to view the posts with more tips
further increase the visibility radius for searchers of #hashtags if the tips are paid by authors who are already heavily tipped for posts under the same hashtag
Will this protocol increase the visibility of authors globally if the quality of post is sufficiently high?
As the posts all will be well tipped posts spam will be very less, some of the nearby and recent posts
Dividend Protocol
Aim : Promoting investment and discovery of the best posts within the first few hours of a post.
The first 10 tippers for a post or all the tippers within the first 10 minutes of a post , if tippers are more in number will become share holders for a post with shares proportionate to their tips. For example if John Doe tipped 100 satoshi out of a total 500 Satoshi then he earns 20% of the total dividends for all the subsequent tips for a lifetime. The author themself gets a fixed 25% of all the total revenue from a post. Author can also invest in his own post.
This will gain the dividend for each of the subsequent tips for the same post for a lifetime ( This will help curation of the best posts - If the post goes global visibility the lifetime dividends will be very high - promoting investment into each post )
Invite Protocol
Aim : to increase the awareness about the platform and incentivise existing users to invite and to teach their friends on how to use the platform.
Anyone can join this #nostr client only with an invite from an existing user
Original Account will have to invite the first few users

2023-03-04 17:21:59 GMT

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So who else is interested in sharing such videos of tinkering with nostr and learn collectively.

2023-03-04 15:56:10 GMT

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# NOSTR BASED blogstack.io deployment notes
## transcript of the youtube video
I dont have much experience in programming but i managed to deploy a clone of blogstack.io on my computer in less than 30 minutes.
Lets do it once more from scratch
So I setup a new user account in my MacBook.
To run most of the web based projects in GitHub I know that I need visual studio code to be downloaded.
## Step 1 - Download Visual studio code
So Lets download that.
From the link
https://code.visualstudio.com/
Let the download continue meanwhile let’s explore where the GitHub code for blogstack.io is available.
## Step 2 - Github code
So this is the link for the GitHub source code for blogstack.io
https://github.com/nodetec/blogstack
## Step 3 - Install VS Code
## Step 4 - Clone the Source code from GitHub
So now we have cloned the repository to VS code
Lets find out what is the programming language used for blog stack
> TypeScript  95.1%   
> JavaScript  4.0%   
> CSS  0.9%
Lets find out how to install typescript in VS code
permission denied when trying to install
Lets try with sudo cammand
`sudo npm install -g typescript`
Installed with sudo
So I know that I have to type npm start command to run the application but its not working
Seems like next.js needs to be installed
So lets try that
`sudo npm install next react react-dom`
Server is started now at `http://localhost:3000`
But nothing is working..
There seems to be an error. Let’s check what it is.
Seems like we have to use this command
`sudo npm run build`
But it’s not working because of the same permission issue. This issue may not happen in your computer if u are logged into the admin user.
Now we can again use the sudo command here.
All seems to be working good.
Lets try to start again
`npm run start`
    wow - now blog stack is deployed on your local host and u can start tinkering with blog stack
`page.tsx` seems to be the main page from which the code is working..
Lets try to tinker - as I don’t know much coding :)
I changed the case to small case.
Changed the spelling of topics to topix.
Lets see
First I think we have to commit the code changes..
Then build it again and then start
Build and started
Now lets see if the changes reflect in the localhost
Hey
Wonderful
>Tinkering succesful
So next step would be to deploy a clone in a cloud server with a nice domain name.
And then I think I will be learning typescript slowly to understand how to change and evolve the code according to my ideas..
Had published few ideas in my previous posts in stacker.news
Ideas to connect exceptionally good authors on relevant topics with like minded people across the world following the same topic
Yes.
>Nearby Protocol https://stacker.news/items/140034
>Nearby Protocol - Dividend Protocol and invite protocol - >https://stacker.news/items/141392
These are few ideas I wish to integrate to a nostr client
So if any developers interested in joining - please comment or you can email to [email protected] - Or just comment on this post in stacker.news - Lets form a community of newly emerging programmers
:)

2023-03-03 20:29:02 GMT

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what is this about ? built on nostr?

2023-02-28 23:12:59 GMT

Tesla master plan 3 ideas
Giga Factory to mass produce a sub 10000 usd electric car ( Probably a single seater car )
Star link integration to Tesla cars which will provide connectivity anywhere to the Tesla user
Optimus AI based robots commercial roll out
Opening up of FSD software for other car manufacturers in Software as a Service model
Opening up to other local car manufacturers to set up Tesla giga factories in various countries
Teslacoin cryptocurrency token that Tesla cars can earn like mining tokens by driving more kilometers and sharing the road traffic condition information, road bumps and unexpected gutters etc to the Tesla network
higher number of teslacoin can be earned by Tesla solar power generated and used by Tesla cars per kilometer thereby incentivising installation of Tesla solar roof and power wall
Tesla coins can be spend to recharge in Tesla super charger network
Anyone can invest on a Tesla super charger built in their own home parking lot or office parking lot. And start earning Teslacoins on each recharge provided
Additional electricity generated by the Tesla Solar Roof can be sold to electricity distributing companies in exchange of USD or Fiat

2023-02-23 07:10:16 GMT

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1. The best quality may be decided by multiple number of readers on the same topic who might have went through other contents on the same topic. Their vote on the topic can be decided by the amount of satoshi they tipped for the content and how many number of readers tipped the content
Additional weightage for visibility can be given for authors who are already having posts in the similar topic who are already tipped on the same topic before. Increase the kilometer visibility for the articles based on these weightages and the best quality contents will keep pushing for higher and higher visibility

2023-02-23 00:02:52 GMT

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Nearby Protocol
- Can we build a specialised #nostr client where the best quality content on each hashtag is visible as the top results.
- Objective is to get connected to the like minded people posting under similar hashtag, Connect to the best resources globally as well as to the nearest resources even if they are not the best.
- Helping the discovery of high quality content generators locally and increase their visibility globally.
- Posting with #hashtag and approximate geolocation
- Searching post for #hashtag posts with nearby location and show the nearest 5 recent posts with the same hashtag and 5 all time posts with the same hashtag with highest tips globally for the same hashtag with a time decay to decrease visibility of older posts.
- tipping the posts by viewers and other authors
- increasing the visibility radius searchers of #hashtags to view the posts with more tips
- further increase the visibility radius for searchers of #hashtags if the tips are paid by authors who are already heavily tipped for posts under the same hashtag
- Will this protocol increase the visibility of authors globally if the quality of post is sufficiently high?

2023-02-22 23:58:16 GMT

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2023-02-22 22:29:01 GMT

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wonderful . so 57777

2023-02-22 22:16:45 GMT

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Am waiting for my first zap

2023-02-22 19:52:11 GMT

https://spaces.nostrplebs.com/8by0qz
Anyone want to test this spaces clone on NOSTR

2023-02-22 13:16:07 GMT

Is it riskier to use mnemonic seed words than to use a private key not derived out of the seed word?
https://stacker.news/items/141727/r/cryptofolyo

2023-02-21 21:07:20 GMT

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Can i test please?

2023-02-21 20:15:27 GMT

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Can this stream be in nostr in future? Any way to stream video content to relays. is this already being done?

2023-02-18 16:05:51 GMT

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Wrote a whitepaper - how demand meets supply and settled with lightning transaxtions
https://github.com/cryptofolyo/demasupp/blob/main/whitepaper.MD