naval / Naval is on Nostr

Incompressible

Last Notes

2024-07-14 21:36:49 GMT

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Fair point. Sybil multisigs. Ideally there’d be an on-chain reputation system with longevity and successful transaction history. But that starts getting fairly complex.

2024-07-14 21:33:41 GMT

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Happy to be in a meritocracy. Since you’re into name calling, muting you.

2024-07-14 21:32:32 GMT

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Wonder if you create a privacy chain from the ground up that would automatically self-audit. Use ZK to count up all the balances without revealing them outside of the sum total.

2024-07-14 21:29:10 GMT

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Should be but people won’t switch until they’re forced to. And the primary “feature” on these platforms is the userbase.
So it’s more about being ready than demanding that people switch now.

2024-07-14 21:26:24 GMT

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Muted.

2024-07-14 21:25:52 GMT

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So many Bitcoin L2s.

2024-07-14 21:24:30 GMT

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If Nostr is going to succeed, you can’t police what’s going to be discussed.

2024-07-14 21:23:52 GMT

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If you can transfer from a bitcoin address to a new one, completely privately, and split the transaction across time and amount, that would work.
Are there any such working implementations?

2024-07-14 21:21:35 GMT

Programmable money (ETH, etc) is hard to scale. So people build Layer 2s.
But these Layer 2s are barely decentralized. And now there’s a crop of L2s that are really just multisigs.
But wouldn’t a sufficiently large group of multisigs be somewhat decentralized? Like a digital Hawala network?
Especially for transactions (but not for smart contracts where money is locked up).

2024-07-14 21:18:56 GMT

Long term, we need private money or it just gets traced / taxed / seized by the state anyway.
But truly private money makes for a bad store of value. You can’t audit the ledger, so a bug could create unlimited inflation that would be hard to detect.
So privacy is how you move money, not necessarily store it.

2024-07-14 06:54:43 GMT

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World moving fast.

2024-07-14 06:47:27 GMT

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No one of consequence.

2024-07-14 06:27:49 GMT

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Interesting. Thanks for the explanation.

2024-07-14 01:08:50 GMT

Bad marketing for Nostr clients to position as “wallets.”
Being money-obsessed is low-status. And social media is all about status.

2024-07-13 23:51:24 GMT

Trump needs assassination insurance as good as Biden’s.

2024-07-13 21:37:09 GMT

Nostr serves as the credible backup plan for when governments seize or ban X.

2023-01-18 21:50:42 GMT

Either create wealth or a passive income, or become a monk, or do what you love more than money.
What remains is taming the mind and the body, seeking truth, creating love and art.
The world has nothing to offer you.
And you are free.

2023-01-18 21:02:11 GMT

Hello decentralized world.