Damus

Recent Notes

HaloKat · 11w
Eh
BigMilan · 17w
I don’t see why I’d let someone use my money for no fee 🤔 What am i missing? I think Saif talks about that at the end of the bitcoin standard? That’s the only part i was skeptical about
tek profile picture
It will never be 0 fees, but it should be as low as someone's perception of risk/reward. Or maybe other factors, I can think of "I lend you with 0 interest but you market my name" or something like, I lend you money with no fee if those money improve the area where I live, or if you give me back services or other things that can be more valuable then some more money.
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BigMilan · 14w
Exactly. I’d want to receive SOMETHING of value for providing someone the convenience of using my money 🤔
IntuitiveGuy☯️ · 37w
#YESTR 🥲
0x07AD · 38w
Every note starts as a "low cost" interaction until people see it and decide whether to send a zap. Most notes are not zap worthy, although we sometimes send a zap to encourage the author to continue ...
tek profile picture
A low cost interaction can have incredible value, that is correct.
Most notes are not zap worthy, that is also correct.

But it is also true that an interaction can have different weights in different conditions (or different markets). A word by Trump has bigger value then a mine, a note its the same. He can reach more eyeballs than me thanks to reputation and/or following. Are his words more useful than mine? Maybe, but what if they are not? He still have the power to continue to say unuseful things, I have not.
So how can I get more power? I change method or technology, I find another way to increase the reach of my words by channeling energy in a different way. That's way a premium in the costs of the interactions is a way to change the market where I'm playing at.
With a premium, I would be able to speak in the table of the "adults" even If I have no reputation or friends in that table. That is a very powerful thing.
Advertisers are "wasting" money every day to try to get my attention, the more they spend, the more probable is they get it. If they spend it wisely, and I buy their product, that's a win/win. It is the same concept.
I would like to have someone spend sats in order to comment my notes, in this way, they have something to lose, and if they do it, it means they really think their comment is worth the sats.
Jor · 38w
I also feel like the quality of the comments would improve significantly as well One guy on my streams nostr:nprofile1qqsrtrqjwn2ryfgz5ue6jky9fexrjy08pl4xjvtrkwceuxhxyyfq5gsprpmhxue69uhhyetvv9ujuumw...
tek profile picture
Absolutely a feature, interactions have to have some weight in order to express quality. Broadcasting data should cost as much as the energy and tools required for the relays to work, so I would add a cost to every interaction that leaves a footprint on nostr.

I would also add a premium to filter "low cost" interactions.

For examples, If I post something I can decide whether to see or not to see comments posted under a 5 sats commission in order to bypass bot or other low signal comments.

I would also have the possibility to broadcast to specific relays with higher costs if they assure high quality content and specific content.

I would also have the possibility to boost post in order to make them more visible, or to avoid relays to delete them if they need to clean space for new or different things.
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0x07AD · 38w
Every note starts as a "low cost" interaction until people see it and decide whether to send a zap. Most notes are not zap worthy, although we sometimes send a zap to encourage the author to continue contributing. There can be useful information in a "low cost" interaction, it simply hasn't reached ...
Aida · 39w
I've been thinking about your note for a while, and I'm not sure if you’re right or if this is one of those "traps for the middle class" that we need to reject in order to grow. I do agree that igno...
tek profile picture
I'm wrapping my head too around that idea and every time I came back to think that we are pretty much the same as humans, so wealth difference can't be that big between us.

I think the middle class is just the class where everybody should be in, I can give 2x, 3x, maybe 5x the value somebody else is giving, you can get 100k and I can maybe get 500k, if I am good and lucky enough but more means there is something broken in the system.
Everybody today is dreaming for the stars but the reality is that things to work need to be done step by step, no free lunch, staying humble.

If I'm really 10x better than someone else today, it is not going to last, if I found a shortcut, somebody else will find it tomorrow, if I know something others do not now, that information will be leaked or discovered sooner or later. I'm not going to be more successful and valuable than other people everyday of my life without giving 100% to it.

Capital is key, I'm going to help my kids in every way possible but they need to be teached also every possible lesson. I just want people to understand that we need to first "give" and than we should "get", nothing is gifted, there are no right, only concessions.
Aida · 39w
Not everybody, because it comes with a huge price tag in the form of opportunity cost. Will you retire at 55, or will you work until 70+ to give your kids a chance to reach the second stage? Is your t...
tek profile picture
Yes, I understand. I just think that the second speed is unachievable for 99.99% of people and so, set is as a goal is not going to give you the results you think. As you said, "I believe that I have responsibilities to the next generations", your biggest responsibility is to teach values to them and it takes time, and that time is better spent on teaching than gaining wealth.
We already know how people that are born with everything behave. And if it is not the next generation, it will be the one after.
Aida · 39w
I've been thinking about your note for a while, and I'm not sure if you’re right or if this is one of those "traps for the middle class" that we need to reject in order to grow. I do agree that ignoring your children and only throwing money at them is a path to hell, but values, skill, and knowled...
tek profile picture
Everybody will take the second speed but is it possible? That's something that is bothering me, how many can achieve it? How can you create enough wealth in a fair world, where meritocracy is the base layer and rent seeking is no more possible?

So yes, I would take the second speed but I do not want it if it means stealing other peoples work for my own greed.
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Aida · 39w
Not everybody, because it comes with a huge price tag in the form of opportunity cost. Will you retire at 55, or will you work until 70+ to give your kids a chance to reach the second stage? Is your time preference really that long? I'm coming to terms with the idea that I will have to work until I ...