Beautiful quote: "Most equity investors get into options because of their prospective lottery ticket-like returns and stop trading them because of their observed lottery ticket-like returns."

Normie is fractal, everyone is a normie in some kind of group. Even here we have many normies (and even a few socialists!) that wouldn't be normie (but still probably socialist :) in the mainstream society. And when you look at the parallel groups without these normies, there are some normies within still, composed of those that were not normies here only! ;). So it's not a question of if someone is a normie, but how do you pick a group where you are or are not a normie. You can enjoy best of both worlds if you pick and switch among your peer groups wisely!

What is the best current Python Nostr client library?

GitHub

GitHub - holgern/pynostr: Python library for nostr

Python library for nostr. Contribute to holgern/pynostr development by creating an account on GitHub.

GitHub

GitHub - jeffthibault/python-nostr: A Python library for Nostr

A Python library for Nostr. Contribute to jeffthibault/python-nostr development by creating an account on GitHub.

Both had last commit two years ago, which is paleolithic in Nostr terms. Nostr-SDK seems more recent, but it is bindings to Rust. And I hate Rust, which is computational marxism. But I might swallow it if I don't ever need to touch Rust code.

PyPI

nostr-sdk

Nostr protocol implementation, Relay, RelayPool, high-level client library, NWC client and more.

Suggestions and tips? Am I missing something?

A cold shower for many entrepreneurs - aren't you destroying the company's precious resources by using the wrong accounting unit and thinking you're making a profit... when you're actually losing money?

Juraj Bednar

Bitcoin as a Unit of Account: Rethinking Entrepreneurial Benchmarks

In traditional accounting, we measure profit against the benchmark of holding money—considered "zero risk." But this approach has a fundamental f...

Studená sprcha pre mnohých podnikateľov - neničíte vzácne zdroje spoločnosti tým, že používate zlú účtovnú jednotku a myslíte si, že ste v zisku ... a mýlite sa?

Juraj Bednar

Bitcoin ako účtovná jednotka: Prehodnotenie podnikateľských kritérií

V tradičnom účtovníctve meriame zisk oproti benchmarku držania peňazí—považovanému za „nulové riziko". Túto mieru nazývame „účt...

to avoid burnout at work use the 30-30 rule: after 30 minutes of work, quit your job and disappear into the mountains for 30 years.

One of the reasons we do accounting is we want to know if we generate profit or if we are losing money. The benchmark for this is just holding money, which is defined in the accounting as having zero risk. The choice of this unit of account is based on our goals, preferences and often the type of money we use in life. Why? Because in the situation of profit, we want to have higher purchasing power. That's why I've been doing all my personal financial planning and accounting in gold, even before Bitcoin came to be. That was a better reflection of purchasing power. But here comes opportunity cost. Do I want to make 10% p.a. on fiat tokens when I could have bought Bitcoin? Or do I want to make 3% p.a. in bitcoin terms? Using fiat coins for accounting is just useless, it does not tell you anything about your purchasing power (discounting with CPI does not work). And it completely hides away opportunity cost of holding BTC (risk free - in your own cold storage.. Here I'm not talking about price risk, price does not matter if you want more BTC). For many people and even companies, Bitcoin is already de facto unit of account. It's not all unicorns and roses though. It is extremely hard to get Bitcoin denominated yield from entrepreneurial work. The benchmark is hardcore. For many it just means saving resources of the society (also known as hodling - deciding not to use scarce resources you can use and hold only money), and having more free time. But you can also do things where you get return on your time but not money. You save money and turn time into more money. Or you can borrow (short) fiat and invest that. One thing is certain - any entrepreneur not thinking in Bitcoin terms does not see the full picture. That does not mean they have to switch their unit of account, they at least need to be aware of the trade-offs though.

Micro repository drop - summarize videos using your own custom prompt. Uses Venice API, but you can use any OpenAI compatible API (using langchain to run it through ollama is possible). Now you can get custom summaries of all these fancy Bitcoin conferences, guiding the model to pick the fancy stuff, not the boring things you know. Make custom prompts! Enjoy!

GitHub

GitHub - jooray/video-summarizer: Summarize video transcripts using Venice AI API (or other OpenAI compatible API)

Summarize video transcripts using Venice AI API (or other OpenAI compatible API) - jooray/video-summarizer

Ok. So Square merchants can accept Bitcoin payments by default. They get paid fiat if they don't want to deal with Bitcoin (default on) or keep the Bitcoin (if they opt in). This adds four million Bitcoin accepting merchants. When will this happen in European union? Never, because of MiCA. But EU has an innovation compass!

One of the trends for Cypherpunks will be local-first software. Local-first does not need a backend, or if it needs it, it's a dumb storage for encrypted data, often only just for synchronization/backup. Everything needed is stored locally. Think accounting, personal photo albums, family chats, ... One of the developers building tooling for these paradigms is @Daniel Steigerwald . I've recently spoke to him and he explained to me who local-first scales better. No data centers, no AWS, etc.

Scaling local-first software - Evolu

Building local-first apps is already a challenge, and making them scalable is an even greater one. It's not just about keeping data local; scalabil...