Tim Bouma
| Independent Self | Pug Lover | Published Author | #SovEng Alum | #Cashu OG | #OpenSats Grantee x 2| #Nosfabrica Prize Winner
Nostr matters because:
no one controls the index
memory is append-only
identity is portable
censorship is expensive
narrative capture is hard
nip4e: decoupling encryption from identity @fiatjaf is proposing that a system for users to share private data between their own devices that doesn't rely on all devices holding the user account private key
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nip4e: decoupling encryption from identity @fiatjaf is proposing that a system for users to share private data between their own devices that doesn't rely on all devices holding the user account private key
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It’s already obvious how a Cashu subnetwork and Fedimint subnetworks will communicate with each other: Lightning
Further, Lightning, like Bitcoin, also eschews leverage. The whole business model of fractional-reserve banks is based on a hole in their balance sheets. By contrast, every sat on Lightning is accounted for at every moment. A balance sheet displaying all the positions on the network would be perpetually balanced.
Further, Lightning, like Bitcoin, also eschews leverage. The whole business model of fractional-reserve banks is based on a hole in their balance sheets. By contrast, every sat on Lightning is accounted for at every moment. A balance sheet displaying all the positions on the network would be perpetually balanced.
People are literally holding the keys to their online presence
Openness is Nostr’s killer feature. Any product that wishes to truly empower the user needs to interoperate with Nostr’s budding ecosystem.
In Turkey, after years of state-driven double-digit inflation, the purchasing power of its largest banknote has collapsed. The 200 lira note, once worth $140 in 2010, is worth just $5.80 today
To celebrate the recent money printer update, here is a short guide on how to use it.
Nostr uses "dumb" relays to forward messages from one user to another. Anyone can spin up a private and public key pair, connect to a relay via a client of their choice and broadcast their information, in many cases a post, to one or several relays
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Whether Bitcoin will also establish itself as a means of payment in everyday life or remain primarily an effective store of value that is ultimately superior to gold is currently an open, intensively debated question. Since the exchange of Bitcoin into possibly more practical forms of payment, even a crypto prepaid card, is a matter of seconds, the question of whether Bitcoin is suitable as a currency is ultimately irrelevant for its mainstream acceptance.
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currencies (unit of account, medium of exchange, store of value), but has significantly increased its purchasing power compared to fiat currencies. Bitcoin can be used as a
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