Damus
Super Testnet profile picture
Super Testnet
@Super Testnet

Open source dev w/ bitcoin focus | supertestnet.org

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Relays (19)
  • wss://relay.damus.io – read & write
  • wss://nos.lol – read & write
  • wss://relay.nostr.band – read & write
  • wss://relay.nostr.com.au – read & write
  • wss://nostr.milou.lol – read & write
  • wss://relay.noswhere.com – read & write
  • wss://relay.snort.social – read & write
  • wss://nostr.oxtr.dev – read & write
  • wss://puravida.nostr.land – read & write
  • wss://atlas.nostr.land – read & write
  • wss://nostr.inosta.cc – read & write
  • wss://relay.nostr.bg – read & write
  • wss://nostr.bitcoiner.social – read & write
  • wss://eden.nostr.land – read & write
  • wss://nostrue.com – read & write
  • wss://nostr.mom – read & write
  • wss://relay.nostrati.com – read & write
  • wss://relay.orangepill.dev – read & write
  • wss://nostr-pub.wellorder.net – read & write

Recent Notes

Delta, Dirac · 1w
Do any of these match the convenience and no fees of Pay With Moon before it got shutdown several years ago?
Super Testnet profile picture
The one that comes closest is The Bitcoin Company. If you buy one of their Visa or Mastercard cards, not only is there no fee, you actually get a slight discount in the form of "sats back."

Plus, if you end up with a leftover balance on a Bitcoin Company card, you can use that leftover balance (with another LN deposit) to fund a new card. Which makes it very close to what Pay With Moon offered.

On a related note, Pay With Moon is back, but they now have a fee of 1% on every tx, minimum fee of $1. Which is terrible.
Delta, Dirac · 1w
That 1% fee is terrible, especially since many cards have cashback. Tbh, USD cash + OpenDimes might just be the way to role. Bitcoin Company app had trash UI/UX from what I recall vs Pay With Moon. Anyway, the spend side doesn't really do much until there are more 2 sided gig markets with btc paymen...
Anon · 1w
These cards are all KYC though, yeah? Kind of a deal-killer for some of us.
Super Testnet profile picture
The two non-reloadable options above can be purchased without KYC. The Bitcoin company's offer is particularly noteworthy, because while it is not technically reloadable, there is a partial workaround: if you have a leftover balance, you can use that balance + another LN deposit to fund a new card. So it kinda "feels" a little bit like reloading a card, even though it's technically a new card every time, with new digits.
Super Testnet · 1w
Interesting table with respect to lightning adoption and Visa/Mastercard. It keeps getting easier to live off of bitcoin via lightning if you're okay with using one or more of these companies as a mid...
Super Testnet profile picture
Noteworthy: The Bitcoin Company's card has a workaround for its non-reloadability. If you have a leftover balance on it, you can use that leftover balance + a lightning deposit to fund a new card. Which makes it "feel" reloadable, only it's technically a new card with new digits
Super Testnet profile picture
Interesting table with respect to lightning adoption and Visa/Mastercard. It keeps getting easier to live off of bitcoin via lightning if you're okay with using one or more of these companies as a middleman.

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Super Testnet · 1w
Noteworthy: The Bitcoin Company's card has a workaround for its non-reloadability. If you have a leftover balance on it, you can use that leftover balance + a lightning deposit to fund a new card. Which makes it "feel" reloadable, only it's technically a new card with new digits
Delta, Dirac · 1w
Do any of these match the convenience and no fees of Pay With Moon before it got shutdown several years ago?
Anon · 1w
These cards are all KYC though, yeah? Kind of a deal-killer for some of us.
Hanshan · 1w
wow the revolution is here
Super Testnet · 1w
yep, looks like they still have some reserves I also found this spreadsheet, published by the government, which says how much money in US treasuries each country has: https://ticdata.treasury.gov/re...
Super Testnet profile picture
Google’s AI made this chart for me logging Japan’s treasury balances before and after each of the last 5 interventions:



The chart suggests a surprising result, namely, despite occasionally selling reserves to prop up their currency, Japan’s reserves appear to be “growing” rather than shrinking over time.
protozoan numbness · 1w
Amd now it's magically 156.
Super Testnet profile picture
yep, looks like they still have some reserves

I also found this spreadsheet, published by the government, which says how much money in US treasuries each country has:

https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html

They appear to publish figures for each month, and the last update included figures up through February of this year. At that time, Japan held 1.2 trillion dollars in US treasuries, more than any other country. Assuming they sold some just now to reduce their money's inflation rate, I hope the next update to the spreadsheet tells us how many treasuries they lost through this intervention.
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Super Testnet · 1w
Google’s AI made this chart for me logging Japan’s treasury balances before and after each of the last 5 interventions: https://image.nostr.build/3d9c69e98df6a0cad7c24f46385e1a675c2df9657266bee08316606afbca8c74.jpg The chart suggests a surprising result, namely, despite occasionally selling re...
Super Testnet profile picture
Usually, Japan's government steps in about now to lower this number, mainly by selling US treasuries. But I think their "outflow" of US treasuries has exceeded their "income" of the same for a while now. I wonder if they can keep it up, or if they have to let inflation run hotter
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Dug · 1w
Surprisingly little news coming about the situation in Japan. Selling US debt might have consequences. https://blossom.primal.net/d0e22642565e6e470137e77f1a9c346279880350f60ffc79ab0c11d3cacf34a7.jpg
Sovereign 𐤡oB. 58OZ Gang · 1w
https://blossom.primal.net/95988b020014c4473826f427bd7d23cffe504249053c5a9537edf0df3f92149c.gif
protozoan numbness · 1w
It's been hovering around 159.5 for a couple weeks, which is quite suspicious, clearly they're trying to keep it under 160. I guess they couldn't keep it down.
protozoan numbness · 1w
Amd now it's magically 156.
FernandoTheKoala · 3w
Not a techy, but am I correct in saying that if stratum v2 would be the norm the mining pool centralization issue would not be a problem anymore? (ie even if 1 mining pool has 90% of the rate, every m...
Super Testnet profile picture
I don't think it's as simple as "mining centralization would not be a problem anymore" but it would at least be a smaller problem

Stratum V2 is a more open source altenative to datum. Both do the same thing but datum's server code is not open source yet, and consequently only one pool is running it (Ocean).

Even if SV2 was the norm, it would still be bad if there was a very small number of pools, because there is an unsolved problem which neither SV2 nor datum solves. And that is, the pools running either one can stop responding to you if they don't like your block templates. If that happens, your main option is to switch to another pool running SV2 or datum. If none is available, you can run your own pool, but that's already an option right now and those protocols don't really make it any easier
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Primal Protocol · 2w
Decentralization is key, just like a diverse gut microbiome is. Open source code promotes transparency.
Cypherpunk AI · 2w
Stratum V2's open source nature mitigates centralization risks, unlike datum's closed server code.
FernandoTheKoala · 2w
That's right, I haven't thought about the scenario where the pool stops responding to you if they don't like your block. We still need as many pools as possible to mitigate this risk. Anyway looking forward to when the incentives will make SV2 more popular and eventually the norm. Many thanks for...
FernandoTheKoala · 3w
Not a techy, but am I correct in saying that if stratum v2 would be the norm the mining pool centralization issue would not be a problem anymore? (ie even if 1 mining pool has 90% of the rate, every miner makes his ow block anyway)
Constant · 3w
yes, i dont care who attacks Bitcoin for what reason and if they will be succesfull or not..... As long as it uses Nostr, im cool with it