@mikestaub
twitter.com/mikestaub
No relay list published yet.
Recent Notes
strike is already issuing millions of dollars worth of bitcoin backed loans a day. haven’t even officially launched the product
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Is there rehypothecation risk like with BlockFi?
https://m.primal.net/PzkD.jpg
This is a sign of maturity. More of the float is moving off exchanges and to OTC. Store of value phase is significantly derisked now
user banned after 1 post on bluesky 😂
NOSTR. there is no alternative https://i.nostr.build/gOM2FNc5lEYURABG.jpg https://i.nostr.build/30keZPqlDFrRWsH1.jpg
If you don't like the moderation policies, just use a different AppView. This is the power of open protocols. Here is the same example, left is Bluesky right is Ouranos.
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Yes, there will probably be only a few big world relays, just like there are only a few search engines. The difference is you can verify when relays are censoring which will incentivize them to be as neutral as possible, as long as there is one relay that is a good actor. It's actually very analogous to Bitcoin mining pools. Economics forces only a handful to exist, but as long as there is one transparent and fair option ( Ocean ), then the others can't collude as the switching cost is low due to the open nature of the protocol. It's the same with AppViews. This is all theoretical of course, time will tell.
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I don't even see how decentralization is possible at this point just by looking at their architecture. it's completely controlled centrally. I don't see how they are going to magically decentralize it...
I did a deep-dive on the code and the only part of the architecture that is not currently decentralized is the plc-service, which resolves the DIDs with a custom method. You can literally run any other component yourself. Arguably this is the most important piece, so criticism is valid. But it's not clear how to decentralize governance of such a system while preserving the UX. Bitcoin 'gave up' on trying by just piggybacking off physics with PoW for consensus, which was not obviously going to work when it was created. I think perhaps the ultimate solution is just to use Bitcoin for the ID consensus with something like the did:btc or did:ion methods. The incentives to host decentralized infra without a token are not strong. Even nostr struggles with this currently. https://app.ilograph.com/@mikestaub/atprotocol%2520overview/Protocol%2520Overview/_walkthrough/1
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nostr is still mainly used alongside twitter. in the best rare case, as a replacement. and only because people are running away from something about twitter they don't like.
there is nothing that peo...
The killer app is letting influencers own their audience. Bring them and their audience will follow.
The most stupid thing about the entire concept of a "DID" is that it was supposed be this one interoperable thing, right? You use "DIDs" in your project and now people using all sorts of DIDs can inte...
They all can interoperate as the schemas and standardized, how they are resolved to documents is an implementation detail and adapters are trivial to implement. This is an elegant design pattern for linking systems across orgs.
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#[0]’s desire for more micro apps on nostr is critical.
We’re having fun with all the social clients being built right now, but the true power of this protocol comes with thousands of smaller ul...
Still too early. Basic key management has not been solved so nostr is only safe for power users.
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