It's called Insightful Bits, and it's a platform where marketers can post ads, market research surveys, or other activities that users participate in, and in exchange they earn Bitcoin rewards for each engagement. A 45 second experience could pay 3,600 sats. A 3 minute survey might pay 11,000. A market research study might be 45 minutes and pay 150,000 sats. It all depends on what the marketer wants to offer to incentivize users.
This blog highlights the mission. https://insightfulbits.medium.com/better-marketing-through-mutual-value-a-bitcoin-backed-blueprint-f1f22442646
I come from a digital advertising background so I know what advertisers want, and I understand the limitations of the existing advertising options.
Users would decide which data about themselves they want to include in their profile, and they decide which marketing experiences they want to participate in. So this shifts the power back to the audience to decide the terms on which they’ll engage.
Marketers will get exponentially better engagement than the 1% they typically get in the digital ad landscape. And they’re rewarding the consumer rather than ad servers. Hundreds of billions is spent each year on digital advertising to stalk users.
I’d love to get feedback from the Bitcoin community about ways this model could be made even better or more appealing to the audience.
I’m also looking for talented individuals who have platform development/software engineering experience, and also those who can help build a large audience in a cost effective way.
The larger the audience, the more advertisers will want to get in on this. Bitcoiners are the coveted 18-50 demographic, they skew higher income, and they’re a growing and influential group. I want to make sure we use this growing power to reshape the dynamics of digital advertising into one that empowers sovereign individuals.
All feedback, questions, suggestions, or talent welcome as I work on bringing this to fruition!
Also, I welcome all Bitcoiners to join the waitlist. We launch in a few months. https://insightfulbits.com
I will try to build a simple stacker.news bot for nostr as a learning exercise.
Same! An awesome community of like-minded folks here :)
Its kinda funny that way huh? After a while you kind of just forget about it, quitting sugar and nicotine seem like life long battles though.
The fight is pointless.
Why would anyone trust a centralized coordinator anyway?
Just use Joinmarket
They are, but so are digits in fiat bank accounts. Really they are just another fiat payment routing clearinghouse. They work better than SWIFT but slower and irreversible.
I think they are mainly there and continuing to do well due to being an easy pathway between fiat units and satoshis, riding on Bitcoin's value, which more or less proportionally tracks with the amount they have circulating, give or take.
If nothing else, it brings people into two more clicks to stacking sats. Of course they are irrelevant under a bitcoin standard since nobody's using that trash anymore but for the time being, it's got its benefits and it impedes our enemies more than it does to our cause. They are the gateway drug from forex to bitcoin.
LSPs by definition cannot centralize the lightning network. Centralization is a matter of control. LSPs do not control user funds, the only thing an LSP can do is choose to serve you or not. If they choose not to, just don't use that LSP.
Do not confuse popularity with centralization. They are not the same. A popular service that has no control of your funds or your actions is not a central point of failure even if most people use it. If the most popular LSP in the world begins censoring certain transactions, even that doesn't make it centralized. It is just a signal on the network that there is demand for a new service provider, an uncensored channel to whatever destination the "bad" LSP tried to censor. Anyone can create that connection point easily, so LSPs effectively have no power.
This is because the sender is unaware of your channel balances and how much to split up their payments properly, since MPP is something the sender does.
I'm a bit unsure why the sender wouldn't eventually find the right split, but perhaps there's a time out issue here. And I'm not sure why it's not attempting to create a new channel instead of trying to fit down the existing ones. Perhaps I misread something or I'm not familar with how you are testing this.
https://github.com/ACINQ/phoenix/issues/155
https://www.lightningnetworkstores.com/
from the ETF perspective, i'd love to figure out how to enable in-kind redemptions so that ppl can redeem without a tax event in a self-sovereign way when they are ready. there are gold ETFs that allow for this so it should theoretically be possible but the SEC is not allowing it at the moment. so more wood to chop there.
Fourth day in a row rocking it with React :) Added a usd to sats converter at UselessShit.co to quickly calculate the amount of sats which would have been stacked.
Next I'm putting my hands on adjusting the tone on the cards to make it less offensive and more encouraging to save in bitcoin, as suggested here by @sb. Will likely leave an option to shame close friends with the cards which already exist.
Have a great Bitcoin Monday!
I am addicted to the game already! I love it. Got my mom to try the game and she's hooked on it too. Best thing ever!
Dollar is nothing more than a big shitcoin - because is losing a lot of its purchasing power every decade.
So obviously every USDT, USDC etc which mimics shitcoin - is also shitcoin by definition
but even worse - because with: yet another possible point of failure :)
Taking the base58 course today. Might be in over my head but hey learning is fun!
I thought about it overnight.
I think what being a bitcoiner means to me -- or at least, what I want it to mean -- is digging deeply into things. The origin of btc is technically informed people who dug into other aspects of how the world works. They were actually trying to understand the social world of politics and economics in the same way they understood tech, as systems whose functioning had implications -- often, non-intuitive implications -- for the world; and they weren't afraid, as outsiders, to get after it with the same intelligence and focus as they built other complex systems. If you read the old bitcointalk discussions they're both deep and broad. They were informed across a host of fields and topics. Not everyone, but many; and the people in the 'audience' respected actual learning. I wish I could have been there, live.
Contrast that with the dominant form of expression today, which is a sort of mindless tribalism, repeating standard catchphrases, accusations of heresy of one type or another, forming your opinion based on what some btc thought leader says. You can identify the thought leaders by who's built their personal brands on the podcast circuit. They've got giant bags, and they'll go through the talking points because ideas are now a threat. They have tons of hot takes on politics without knowing anything about politics, or history, or really anything. Their reading list is a circle jerk curriculum of warmed-over propaganda. Every so often I wind up on an airplane sitting next to a 'bitcoiner' and my internal voice always says oh shit.
So anyway, to your original question, that first type of active seeker and far-ranging thinker and builder, that's the version of bitcoiner that I'm holding onto.
Love
https://m.stacker.news/45498
They did this in 2017. This is very old news:
https://cointelegraph.com/news/microsoft-to-add-extensive-support-for-bitcoin-describes-it-as-currency
Just to mention that kieran on Nostr has been having some success earning by broadcasting live coding to zap.stream. He codes the Nostr client snort.social and I think he built Zap.stream too and NostrNests.com. In case you hadn't considered it, you could maybe stream some live coding while you build out this site at minimum - or umbrella full on a coding Stacker.news(TV) station at maximum.
This is the subject of a draft manifesto / research agenda for me: the neurological features of obligations. I call these loomings. The idea appears in lots of places -- your link is one such -- but if you pull the thread it goes nearly infinitely deep. Reality starts to unravel like a knit sweater.
It seems like one of the most important things in the world that almost nobody talks about.
I'm thinking you could just achieve this with super high fees?
Because I want to be able to tell any bank to fuck off while avoiding become a financial hobo.
Day 374 of snailposting everyday 'til BTC hits $100k.
__@_'-'
Did the nostr waitlist earlier in the week along with some repo management and automation for all mutiny code. Rest of the week is going to work on an LSP.
This is an awesome solution @k00b! Thank you so much for your continued work!
I'm so bullish on stacker.news.
When you create a new software wallet, you get this screen:
https://i.postimg.cc/jqHB0nn6/2023-10-26-040739-649x692-scrot.png
You can choose to add a passphrase.
Using a passphrase should be the same as hidden wallets since any password will open a valid wallet:
https://i.postimg.cc/FFVCntwD/2023-10-26-040812-699x151-scrot.png
This is something different from using a password to encrypt your wallet which you can also do with Sparrow.
Suppose Antpool has demonstrated a pattern of mining on the competing fork (as opposed to mining on their own block during a fork).
https://m.stacker.news/39252
As you explained, if Antpool were trying to maximize profits (short term) then they would mine on their own block during a chainsplit.
What are you opinions on the following reasons why Antpool would abandon their own block during a fork?
Do you have a theory why a pool would mine on the competing fork?
https://www.bitcoinpriceinwords.com/economy_centralbanks.jpg