matthewjablack / Matt Black is on Nostr

CoFounder @AtomicFinance. Boomer Millenial. #Bitcoin not crypto. Nostr not blockchain

Last Notes

2024-09-11 19:40:59

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@npub1ej4…ndrm specifically said in his post:
"The current CTV proposal in BIP-119 has only one hashing mode, known as the DefaultCheckTemplateVerifyHash, which essentially commits to every aspect of the spending transaction in the template hash. From a practical point of view this means that in many circumstances the only available mechanism for fee payment will be CPFP. As mentioned above, this is a potential problem due to it making out-of-band fee payment a non-trivial cost savings in cases where the CTV-using transactions are small."
So he's specifically saying that out-of-band fee payment could be cost savings for small CTV-using transactions.
IMO, you could make the exact same argument for lightning force closures. Even though lightning will move to anchor outputs, which means 0 fee force closures, that will be CPFP'd thanks to "package relay". Those small transactions could have cost savings with out-of-band fee payments.
But obviously, no one is pushing against package relay. For most small transactions, out-of-band fee payments would be a small cost savings.
In fact, this statement could technically be true for any pre-signed transaction scheme. Does that mean we should never have any pre-signed transaction schemes? Hardly.
So, since this issue already exists in Bitcoin and is only relevant to very small transactions, and since CTV can actually decentralize mining even more (https://utxos.org/uses/miningpools/), I'd argue these issues are known, and the concerns with not having CTV are actually a great risk to Bitcoin. Not having covenants, IMO, is a huge risk to Bitcoin custody centralization and people choosing not to self-custody.
CAT is an entirely different beast, and I agree that the risks are much more unknown.
https://petertodd.org/2024/covenant-dependent-layer-2-review

2024-09-08 21:32:31

I'm excited to be coming to @npub17yq…5269 for the first time!
I'll be giving a workshop on how to create a simple DLC wallet and bet on the presidential election
So whether you're pro-Trump or pro-Kamala, be sure to come out to Atlanta for a fun time
https://github.com/TABConf/6.tabconf.com/issues/117

2024-08-29 17:35:52

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That's awesome!
Honestly, the more I think about it, the more I realize it's way too early to be concerned about scaling issues. The Outbox model works well, and there's room to scale the current implementation.
If Nostr grows so much that we have scaling problems, that's a good problem to have 📈

2024-08-28 23:46:59

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IIUC it'll be up to clients to intelligently pull from the relevant relays in an outbox model?
Won't this make generating a feed very difficult? I'm assuming we'll need indexers or something for clients to be able to serve a feed to users in a reasonable time frame.
#note10dk…gfjw

2024-08-28 15:00:53

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So the idea is have Nostr relays for specific communities? Your point is that people are comparing Nostr to existing centralized system and assuming that Nostr needs to scale the same way.
I guess my counterpoint would be that lots of people have been excited about small siloed networks in the past, such as mesh network, but in practice they never scaled to the masses.
But maybe that’s fine? Idk what the end vision of folks are for Nostr. Nostr can be whatever people want it to be. A DLC oracle broadcaster, private messenger, X alternative. I’m just curious what people’s vision for it is.

2024-08-28 14:06:47

How do we scale Nostr?
“Unpopular opinion: Nostr CAN'T scale to be what people want it to be. It's an all-to-all broadcast, which scales like O(n²). It will collapse in its own success.
Nostr relays are like sidechains and altcoins. It's attempting to solve an O(n²) scaling problem by having multiple copies of the same thing. It leads to Balkanization where you can't see content from or message some people.
Blockchains of blockchains were dumb and this is dumb in exactly the same way, and I can't believe all of you failed your algorithms classes.”
- Bob McElrath
So this begs the question, how does Nostr scale long term? Or do we simply expect 2 of 3 dominant relays in the long term?
cc @npub180c…h6w6 @npub1xts…kk5s @npub18am…p424 @npub1pgh…rs38 @npub1gcx…nj5z @npub18c5…0we7
https://x.com/bobmcelrath/status/1828763959001804956

2024-08-27 15:39:12

Has anyone set up a DLC oracle that publishes to Nostr yet?

2024-08-27 02:45:29

The best telegram alternative chat options are @npub1tm9…xn72, @npub1h0u…rwx8 or @npub1exv…d828 that @npub180c…h6w6 recommended (although not built on Nostr, they publish updates to Nostr)
#note1l34…mzrk

2024-08-25 02:21:12

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They can go after public relays. We need more anonymous relays

2024-08-25 02:11:51

Is there an easy way to do group chats with Nostr? What's the best client?

2023-03-28 23:11:49

#Bitcoin Twitter polls will be virtually useless after this change since most Bitcoiners won’t KYC
#[0] what protocol changes or UI/UX changes would be necessary to enable polls on #Nostr ?
https://twitter.com/elonmusk/status/1640502698549075972