Replies (44)

jb55's avatar
jb55 _@jb55.com 3 months ago
I think direction, goal setting, and progress indicators is likely more important than just throwing lots of money at something. I think that was my main mistake. we need some way of measuring if we’re winning and continually optimizing for that
weev's avatar
weev 3 months ago
Primal main source of venture capital is a guy that founded a failed Mexican solar energy company (literal glownigger) with money from Max Levchin and has no real success stories. This leads me to believe that he’s just a proxy by which people close to the US surveillance state try to financially subvert Nostr. But beyond that, Primal is architecturally compromised. It is a centralized service that prevents you from viewing Nostr the protocol and instead has you viewing Primal’s extremely centralized caching server, over which they regularly exercise the powers of censorship and editorial control. Most clients outside Primal have multiple relays by default, most or all of which they do not control. This includes Amethyst, Damus, Wisp, etc. If chooses Damus to block me on their relay, most people are still going to see my content because I am publishing to the other relays. Also most people can, via the relay hints provided by nevents when you quote a post, fetch my content from relays I post to even if you do not directly follow me or subscribe to my relay. If Primus blocks me from their caching server’s algorithmic feed, then I am silently erased and you will never see my content again. The only way this is different from Twitter is because people can take their nsecs elsewhere, but they provide no notice to users or opportunity for transparency as to what content they have removed. Nobody is afforded any report on what content Primal has explicitly put in front of their eyeballs, nor what has been removed.
weev's avatar
weev 3 months ago
They've been caught red-handed editorializing/censoring the Primal feed, and admit that it is structured algorithmically instead of by follows. They call it a “caching server” but that is Orwelliian doublespeak. Because caches do not editorialize or filter. They just prepare data to serve it faster. Though it is called a “caching server” and I have used the same verbiage, it is not actually a caching server. Its most notable feature is censorship. image
jb55's avatar
jb55 _@jb55.com 3 months ago
yeah, its honestly weird that so much external money is getting poured into the one “client” that literally looks exactly like an op to break nostrs decentralization
jb55's avatar
jb55 _@jb55.com 3 months ago
nvk literally invited me to his house with his *neighbour* miljan and their investor odell and tried to bring me into their little scammy cabal. Clown face me all you want retard.
Don't get me wrong, I love Zeus and it's the wallet I use the most but I cannot recommand it to a no-coiner, only to a Bitcoiner that have some concept of Bitcoin, Lightning and ecash already.
jb55's avatar
jb55 _@jb55.com 2 months ago
its been something i've been thinking about a lot and not sure i have any good answer yet. but ideally some kind of funnel that we can track the entire onboarding process of each new user and have follow ups with feedback when they don't come back.
Impact, in which ever metric makes sense for the project. That does not seem to be a priority and a lot of money in the space goes to waste.
We have NWC, Cashu, LN, there's absolutely no reason to use spark than wanting further control and visibility of all payments made.
I feel the same way I wouldn’t recommend Zeus to a new person. But I can try this weekend with my barber!
Its curious its "CEO" seems to live a life completely devoid of hard work. Behaves much like a "weather bunny" frontman for the actual directors and managers. You make opensats look like an NGO for funneling covert finance to support activities that are unprofitable on their own.
weev's avatar
weev 1 week ago
the scam that was readily apparent at the time is that NVK and miljan were producing obvious subpar products, but Odell was giving them money and promotion because it brought him the most social benefit. This is contrary to the concept of fiduciary duty, where a board member has a moral and legal obligation to act in the best interests of the mission of the nonprofit, as well as a violation of his fiduciary duty as an agent of capital investment, where he has the moral and legal obligation to act on behalf of the interests of Ten31’s depositors. That this twofold criminal violation of his fiduciary duties, both at the nonprofit and the venture capital firm he works at, lead to the largest cold storage self-custody loss in the history of Bitcoin, is a tragedy. But the legal and moral violations happened the minute he engaged in it, before the mass customer losses.