Join me today for Episode 924 of Bitcoin And . . .
Topics for today:
- nostr Event Embeddings Will Change The World
- Bitso Brings Lightning to 8 Million LatAM Users
- Craig Wright is Not Satoshi But He is in Trouble
- nostr's 5th Wave of Grants
#Bitcoin #BitcoinAnd
Circle P:
If you (pleb) want to own some cows, have them rotationally grazed, be able to pick them up if you get your own farm, get a portion of their offspring, and get a prime spot to fish and camp near Kansas City and a several wineries, hit me up.
Buying a herd of bred heifers in June. $3-4k in bitcoin per head and no ongoing maintenance cost. 8 accounted for so far, 17 head left.
https://primal.net/p/npub16ux4qzg4qjue95vr3q327fzata4n594c9kgh4jmeyn80v8k54nhqg6lra7
The King Ranch Donation Page:
https://www.givesendgo.com/Kingranch
Articles:
https://www.theblock.co/post/305639/craig-wright-referred-to-crown-prosecution-service-to-consider-perjury-forgery-charges
https://bitcoinmagazine.com/business/bitso-to-bring-bitcoin-lightning-to-its-8-million-users-via-lightspark
https://www.coindesk.com/markets/2024/07/16/bitcoin-dips-below-63k-as-mt-gox-moves-28b-btc-to-internal-wallets/
https://decrypt.co/239952/trump-super-pac-gets-millions-from-crypto-backers
- https://www.cnbc.com/futures-and-commodities/
- https://www.cnbc.com/bonds/
- https://dashboard.clarkmoody.com/
- https://mempool.space/
- https://fountain.fm/show/eK5XaSb3UaLRavU3lYrI
https://next.nostrudel.ninja/#/wiki/topic/nkbip-02
https://www.nobsbitcoin.com/opensats-announces-5th-wave-of-nostr-grants/
https://www.nobsbitcoin.com/roman-storm-granted-delay-of-tornado-cash-trial-alexey-pertsev-denied-bail-by-dutch-court/
https://www.nobsbitcoin.com/krux-v24-07-0/
https://www.nobsbitcoin.com/bitcoin-keeper-v1-2-10/
Find me on nostr
npub1vwymuey3u7mf860ndrkw3r7dz30s0srg6tqmhtjzg7umtm6rn5eq2qzugd (npub)
6389be6491e7b693e9f368ece88fcd145f07c068d2c1bbae4247b9b5ef439d32 (Hex)
Twitter:
https://twitter.com/DavidB84567
StackerNews:
stacker.news/NunyaBidness
Podcasting 2.0:
fountain.fm/show/eK5XaSb3UaLRavU3lYrI
Apple Podcasts:
tinyurl.com/unm35bjh
Mastodon:
https://noauthority.social/@NunyaBidness
Support Bitcoin And . . . on Patreon:
patreon.com/BitcoinAndPodcast
Find Lightning Network Channel partners here:
https://t.me/+bj-7w_ePsANlOGEx (Nodestrich)
https://t.me/plebnet (Plebnet)
Music by:
Flutey Funk Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0 License
creativecommons.org/licenses/by/3.0/
[00:00:00]
Unknown:
Good morning. This is David Bennett, and this is Bitcoin and, a podcast where I try to find the edge effect between the worlds of Bitcoin, gaming, permaculture, podcasting, and education to gain a better understanding of all. Edge effect is a concept from ecology describing a greater diversity of life where the edges of 2 systems overlap. While species from either system can be found at the edge, it is important to note there are species in the overlap that exist in neither system, and that is what I seek to uncover. Uncover. So join me in discovering the variety of things being created as Bitcoin rubs up against other systems. Well, it was 10:30 AM Pacific Daylight Time, but now it's 11:26 AM Pacific Daylight Time.
And the running the numbers section and the back hack, back section of the show is already done because like a dumbass, I forgot to actually hit record. So we're doing the entire front of the show again. I just don't feel good or right about releasing that show as is. The product has to be superior. Circle P is open for business and it is Ink Blot Farms. If you've ever wanted to have a cow but don't have the room to put the cow on your grass because you live in suburbia, well he'll rotationally graze that animal for you. And then you can pick the cow up. Maybe you buy a farm or a little piece of property out, you know, later on and you can, fit a cow on there. Or you can just keep it there at Eatenplot Farms until it's time to graduate that little son of a bitch up to freezer camp. And these cows are bred. They're bred heifers, which means that they're pregnant. And that's why they cost $3,000 to $4,000 in Bitcoin. And if you're not selling it in Bitcoin, you're not in the circle p like inkblot farms.
He's got 8 of them are have been accounted for so far on sales. He's got 17 head left And again, $3,000 to $4,000 per Bitcoin. You can also go out there to his place and see. You can go fish and you can go camp and there's several wineries around there. I will be putting his contact information. It is his Nostr Inpub, as a link to a nostr client and it will be in the show notes for your perusal so that you can get a hold of him directly. But make sure that you tell him that you heard it here in the circle p. That way, he will be able to give me, some satoshis for sales. Now here's a guy that is in trouble.
It looks like he is in serious serious hot water. Craig Wright has been referred to the Crown Prosecution Service for consideration of perjury and forgery charges, James Hunt, writing for the block. Craig Wright, the Australian computer scientist who spent years fraudulently claiming to be synonymous, creator of Bitcoin and author of the white paper, Satoshi Nakamoto, is being referred to the UK Crown Prosecution Service. Quote, I have no doubt that I should refer the relevant papers in this case to the CPS for consideration of whether a prosecution should be commenced against doctor Wright for his wholesale perjury and wholesale forgery of documents and or whether a warrant for his arrest should be issued and or whether his extradition should be sought from wherever he is now.
Mister justice Malore wrote in a written judgment on Tuesday, quote, all those matters are to be decided by the CPS. Wright has brought litigation against several individuals and entities globally based on his false claims. However, the crypto open patent alliance, whose members include Jack Dorsey, filed a lawsuit in April of 2021 aimed at stopping right. In March, the UK high court judge, James Malore, ruled that Craig Wright is not Satoshi Nakamoto. Well, mister Justice Malore ordered Wright to pay substantial cost on an indemnity basis due to his fraudulent litigation conduct. Wright was required to cover the cost amounting to more than £5,900,000 or $7,600,000 for the COPPA claim and $149,000 for the Bitcoin Core claim with an interim payment set at 85% of these amounts, equating to approximately $6,600,000 Judge Malore set the interest rate on these costs at 8% to reflect the higher interest rates during the relevant period and COPA's representation of mainly US entities.
Additionally, Coinbase's application for cost was granted at 85% of their incurred expense related to worldwide freezing order amounting to $1,200,000 while Judge Mellor set an interim payment of 80% for various other defendants represented by the law firm Cook, Young and Keaton, LLP. Wright's whereabouts are currently unknown. The evidence shows that doctor Wright has left his previous residence in Wimbledon, which is in London, appears to have left the UK, has been said to be, quote, traveling, and was last established to be in the time zone of UTC+7, Judge Mellor wrote in the filing.
In March, a worldwide freezing order of $7,600,000 worth of Craig Wright's assets was approved to prevent him from avoiding court cost. A spokesperson for Craig Wright, well, hasn't said shit. It's funny that he's gone. And you know who else is is kinda like kinda like disappeared is, his buddy Calvin Ayr. Right after judge Malore pulled the plug on Craig Wright in court and said, nope. You're not Sidoti. He disappeared. He wrote, he's going away for a while. He's gonna go traveling or something like that. So makes you wonder whether or not, his buddy, Craig Wright came with him. Anyway, on to Bizzo, they're going to bring lightning to its 8,000,000 users via LightSpark and 8,000,000 users is one thing, but the institutional users is another. We'll get to that. Vivexin, Bitcoin Magazine, leading Latin American crypto exchange, Bitso, has partnered with Lightspark to integrate the Bitcoin Lightning Network onto its platform.
This will introduce faster cheaper Bitcoin transactions to Bitso's user base of over 8,000,000 retail clients. But here's the catch, and 1700 institutional customers. That's the one I'm interested in. Bitso will leverage LightSpark's infrastructure to enable lightning transfers. LightSpark will host the nodes while Bitso retains control of the private keys. The integration comes as lightning network adoption spreads globally making payments with Bitcoin faster, smoother, and less expensive. According to Bitso's research, 53% of crypto wallets in Latin America hold Bitcoin.
Trading pairs against local fiat currencies are also widely used. Thus, Lightning is a natural fit to upgrade Bitso's existing infrastructure. Daniel Vogel, co founder and CEO of Bitso said, we're thrilled to partner with LightSpark to bring Lightning to our platform. This advances our mission of making crypto useful by delivering faster, more cost effective, and transparent money transfers, end quote. With lightning, Bitso can offer near instant Bitcoin transactions at a fraction of a cost of regular on chain Bitcoin payments. And this unlocks new potential payment and remittance solutions for both retail and enterprise clients.
LightSpark CEO David Marcus said Bitso shares our vision of building open payments for the Internet. This gets us closer to that goal. We know people across Latin America want this solution, end quote. As a pioneering Latin American exchange with millions of users, Bitso's integration of Lightning is a milestone in increasing Bitcoin adoption. So Latin America back on deck. But Bitcoin has dropped. Oh, oh, the humanity. Bitcoin dips below 63,000 as Mt. Gox moves 2.8 $1,000,000,000 worth of BTC to internal wallets, CoinDesk, Amkar Godbold is writing.
Bitcoin faced renewed selling pressure on Tuesday after data showed defunct exchange Mt. Gox started moving their coins internally for potential repayments to creditors. The leading cryptocurrency by market value dipped 3% briefly falling below 63,000 after testing the $65,000 mark during the early Asian trading hours, according to CoinDesk. The decline happened as the wallet associated with Mt. Gox initially moved $1,000 worth of Bitcoin to a blockchain address. The small movement, supposedly a transfer test, was followed by a significant movement of, wow, 44,527 BTC to an internal wallet according to data tracked by Arkham Intelligence.
The movement was likely part of the repayment plan according to on chain sleuth, Look on Chain. Cryptocurrency exchange, Kraken, reportedly confirmed the creditor repayments saying that it has received funds and will distribute them over the next 2 weeks. And then they go into a little bit of TA on the price of Bitcoin due to the drop. I really you know, honestly, we knew this was coming. It's just that everybody freaked out that or everybody with paper hands freaked out because Mt. Gox just confirmed what we already knew was going to occur anyway. That Mt. Gox was going to give the coins for repayment to Coinbase, Kraken, Binance maybe, and a couple of other places. And it looks like all that happened was that Kraken said, we got the coins for repayment. And people flipped out and said, oh my god. It's the end of the world.
And for some people, it is going to be the end of the world because Trump has a new super pack. Well, he doesn't. He I mean, he does, but it wasn't opened by him. You you can't do that. So some people got together and a new Trump super pack gets 1,000,000 of dollars in donations from crypto backers, Sebastien Sinclair riding for Decrypt. Several prominent figures with ties to the crypto industry have emerged as backers of a new pro Trump super political action committee dubbed America PAC. Founders sorry. I see I hear PAC and I all I could think about is MoPac in Austin. And me and Buddy used to to joke about it. If you ain't got enough pack, MoPac.
Whatever. Founders of crypto exchange Gemini, Tyler and Cameron Winklevoss have donated 250,000 to the pack each, federal election committee records show. The pair, however, made separate $2,000,000 Bitcoin donations to former president Donald Trump's campaign last month. It comes as the crypto community kicked off a fresh wave of political support and grandstanding for former president Donald Trump for his White House bid following an assassination attempt in Pennsylvania on Saturday. I guess, Amkar Godbold doesn't like Trump. Elon Musk said he's planning to commit around 40 $5,000,000 a month to the pack. Let's read that again.
This is important. Elon Musk said that he's planning to commit around $45,000,000 a month to the pack according to a report by the Wall Street Journal on Monday. Now, it's it's we're we're well through July. So August, September, October, November. The election's in November. Let's just say that Elon Musk only donates 45,000,000 a month for 3 of those month. That that's getting close to a $150,000,000, which I think matches the amount of cash on hand, not total donation promises, but cash on hand of the Biden, reelection campaign.
Now somebody fact check me on that because I'm not sure. But I know that I think I heard $270,000,000 as being the the totality of the Biden war chest, but many of those are promissory. They actually haven't given the the the money yet. And until they actually give the money yet, they can renege on those promises, and it does not look good for Biden given several factors. The debate performance, the assassination attempt, and then for whatever reason, the Biden camp did not cancel his appearance in a new interview that on television that was scheduled for, you know, for a couple of weeks at least. And then be right before he went on the air, you know, like a day before or a couple of days before, you had the assassination attempt.
And all of a sudden, man, Biden started fumbling around. So nothing looks good for Biden. Nothing looks good for his camp. And now we've got Elon Musk saying that he's gonna be pulling the stops out at about a 150,000. Was it a 100 be a 135,000 or a $135,000,000? Something like that. Yeah. In the next 3 months. And if he does a 4th payment in November, that's I I I just don't see I don't see Biden or or the democratic camp surviving this election. I just don't. I'm sorry. I don't. It is not yet clear if Musk has already donated. Efforts were made to contact Musk, but there was no response. Established in June, America PAC is dedicated to voter registration and encouraging early voting as of June 30th.
FEC records show that the PAC has garnered $8,750,000 in donations across 18 entities, not all of which are linked to the crypto industry. John Lonsdale, cofounder of Palantir Technologies, and this is not somebody I want anywhere close to the presidency, was also named in the report having contributed $1,000,000. Lonsdale has previously said that crossing artificial intelligence and crypto could prove fruitful, whatever, dude. Douglas Leone and Sean Maguire are partners at Sequoia Capital, which has invested in several crypto projects, donated 1,500,000,000 or $500,000 respectively.
Sequoia had previously earmarked 500,000,000 for new crypto projects, but slashed that figure to 200,000,000 17 months later. Meanwhile, Kenneth Howery, cofounder of the venture capital firm Founders Fund, which focused on emerging technologies, including block chain, contributed $1,000,000 to the pack. The former president has appealed to crypto holders on the campaign trail accepting crypto donations in May after signaling that he's good with crypto now at a Mar a Lago event for holders of his, God forbid, Polygon based NFT collection. Last month, Trump specifically backed Bitcoin miners. So there you go. That's that's what's going on there, and it is now time to read the numbers.
CNBC Futures and Commodities West Texas Intermediate is down a point to 8108. Brent Norsee is down almost a point to $84.15. Natural gas moving in opposition up a point to $2.17 per thousand. And gasoline is up but scant, $2.49 a gallon. All the shiny metal rocks are doing well. Gold is up 1.6 percent to $2,469. Silver is up almost 2 full points. Platinum is up a quarter of a point, but copper is down 1 and a half. Palladium is up almost a full point. Ag is almost all red. And, cocoa taking us all down today, 8.23% to the downside for the tasty stuff.
Let's see. Who's winning today? Anybody winning? Yeah. We've got corn. The corn is winning. It's up 1 and a quarter points. Live cattle is up almost a half point. Lean hogs are up well over 3 points. Feeder cattle down scant. The Dow is up 1.5, charting a new all time high for the legacy index. S and P is up a quarter. Nasdaq is down over a 3rd. And the S and P is up almost 2 full points. What do we got here? We've got a Clark Moody Bitcoin, a price of $64,580. That is $1,270,000,000,000 market cap. You can get 26.5 ounce of shiny metal rocks with your 1 bitcoin, of which there are 19,000,726,296.12 of.
And fees have risen just a little bit. 0.09 BTC average fees per block. So how many blocks are there? Let's go find out. Do do do 141 blocks carrying 177,000 unconfirmed transactions confirming at priority high priorities of 9 satoshis per vbyte. Low priority is gonna get you in 6 satoshis per vbyte. And anything under the coveted 1 satoshi per vbyte is going to be booted from mempools around the world, which are operating at 576 exahashes per second. So we've dropped quite a bit in our hash rate, but that's okay because we're still well over securitized. Now from freedom of identity, Bitcoin and podcast 923, user 56179 545 boosted 5,000 sats and said nothing.
Hey. If you're gonna pay me that kind of money, dude, you should probably say something for me to read on the air. Pies with 5,000 says boost mofos. Enjoy your vacation, my brother. Thank you, man. User 195-5052 boosted 2,000 says nothing. Vague with a 100 no. 1 god. I can't can't even talk. 1,500 says live long and prosper. Pies with 1,000 says purple peeling boomers. Sir, you are my hero. That dude, Luke with a 1000 says nostril is the future. And you sir are a badass nostril. Oh, cool. Cool, man. Wartime with 444. Love the nostril rant. It pisses me off when people dismiss it to social media and many of those same people use Twitter. Laugh out loud. A shake of my head. Pies with 420. Thank you, sir. No. Thank you. God's death with 237. Thank you, sir. No. Thank you. And now it's gonna do it for the weather report.
Welcome to part 2 of the news you can use. I'm going to start this one off with a post on Wikipedia from Liminal. Wikipedia, if you don't know, is Pablo f seven z's, version of Wikipedia, except it is of course based on Nostr. And what I wanna read to you by liminal liminal, I I kinda got a preface. A few shows back, I brought you news about this thing called Project Alexandria, which is somehow or another becoming very, very much attached to my heart. I'm not part of the project. I've never suggested anything about this project, to any of the people that are developing the project. This is this is, you know, just all them. So I'm not take I'm definitely not going to take credit for anything. But there's almost an almost 80% overlap in the way that I've been thinking about using Obsidian for zettelkasten.
If you don't know what zettelkasten is, I've talked about it on several occasions. It's a a form of note taking. Like, all the books that you read, like, especially nonfiction books. If you're reading for, you know, history or science or something like that and you're taking notes and you close the book and you never see that note again because you're no longer studying for tests at high school or college, well then you basically just wasted your time. But zettelkasten is a is a form that you can use to not only write down your notes, in a place that you can keep them, but you can relate your notes to each other. And that's that's the most important part about Zettelkasten is being able to say, yeah. I remember reading something else that sort of relates to this thing.
And this is a and zettelkasten offers a way that that you can kind of link those. And now that we have we live in the digital realm, we have these zettelkasten note taking applications like Obsidian, Roam, NotesNook is another one that's Roam is Roam is gonna cost you money, and they own your data. Obsidian is free and you own your data. And Notes Nook, I don't think you own your data, but it is free up to a point when you wanna start, you know, dumping pictures and stuff in. They just want to charge you because they have to host those pictures which leads me to believe that your data is on their servers. That's why I use Obsidian almost exclusively because the data sits on my hard drives. But ever since I've come to know what's going on with Project Alexandria, My idea for what essentially, what I'm talking about here is I have all my notes and and I've, you know, linked many of them together.
But there's a there's a lot of other people that are out there that I know that have these really good thoughts. And some of them are becoming interested in also keeping keeping notes and there you know some people have asked me how do you use Obsidian? And I'll I'll send them over to Nick Milo, which is one of my guys over on YouTube that I listen to a lot about how to use these tools and how to think about note taking and, you know, what what can you do with all these notes once you've once you've compiled them. And it seemed to me that Nostra offered us an extreme ability to reach out to other nostriches out there and sort of leverage their note repository. So that maybe somebody else is is really more like even more hardcore into permaculture than I am. And they have an entire Obsidian library of all their notes, of all the stuff. That way, I can leverage their knowledge by linking my repository to their repository. Or rather, if I see if I'm able to see some of their notes and say oh that that that dude's note reminds me of something that I wrote and then I go find it in my repository using its internal search functions and then somehow or another be able to directly reference that note that that guy wrote from my note that is in sitting on my hard drive with what's called a backlink So it's like a live URL except in in in Obsidian terms, it's not really a URL. It's just a file location that when you click it, it takes you to that note because it's essentially taking you to that file location. But what if?
What if that file location that I'm linking to is not on my local computer but is on some dude's relay and we're using Obsidian to write to relays. Okay. So I wanna read you this. Well, first of all, Project Alexandria is sort of heading in that direction. Not exactly, but there's enough overlap that the guy the developers over at Project Alexandria are starting to talk to me, and I am very interested in talking to them because I think there's a huge synergy possibility here. And it looks like they they recognize that because I got, basically I got tagged in Nostor from Liminal, which is one of the developers of on Project Alexandria and he made sure that I saw this following Wikipedia entry, which is part of the Project Alexandria project. Okay. So I'm gonna read it to you now.
NKBIP 2. N k b I p. What does that stand for? It sounds like BIP and it sounds like a NIP. Except it's not. It's n k b I p or NCCBIP. It stands for Noster Knowledge Base Improvement Protocol or Proposal or something like that. I'm pretty sure that the NKB stands for Noster Knowledge Base. Okay, so NKBIP02 an extension to NIP32 labeling. This NKBIP defines the standard for attaching vector embeddings to any nostr event. These embeddings can represent text, images, audio, video or any other type of content. The specification includes a way to denote the model used for creating the embedding, the type of content embedded, and the embedding vector itself.
I'm going to pause to remind people that if you don't know what that was, don't be afraid. I didn't know what embedding was either, and I still don't. However, I'm looking into it. So when they say, let's see here. I'm trying to look for the word here. Semantic embeddings and, these other, basically embeddings themselves. I would just start looking for it and I'm finding that I'm about to fall down yet another rabbit hole. And it's kinda scary because of what this represents. This thing is huge. They didn't, like the liminal in the guys, they didn't invent embedding. Embedding was talked about years ago when people were talking about this thing called the semantic web which almost everybody has forgotten about and I forgot about it too.
But it had real promise but execution, it just wasn't going to happen. So that's why we don't have it. And I'm not going to explain it. I want to get through this n k b I p. If when you hear the terms that you don't understand what's going on, but you're interested in the power of linking groups or individuals knowledge together in a cohesive way, then listen on. Allowing rich content to be embedded within Nostra Events opens up new possibilities for applications built on the protocol. This is highly synergistic with NKBIP 0 1, where we can decompose existing events into their most semantically closed forms as defined either by the author or the analyst. See semantic closure.
For precise semantic embeddings, but this process can be applied to any other event. Embeddings are also typically computationally expensive, which makes it beneficial to compute them once and store them for reuse. And automatically, and this is me talking, automatically all I can think about is proof of work. And the fact that not everybody would be able to like, I couldn't just scrape the entire Noster verse for everybody's note and steal all their ideas. In a way, this sort of provides a doorway to introduce proof of work so that if I want somebody's note I damn well better pay a share in satoshi's for that note. Now, motivation. Hashtags and labels already exist as one way to classify content.
Embeddings allow for a fine grained resolution of content. Every embedding model has trade offs. So if you need something more specific than what is available, use your model. Nostra events are public. Therefore, it is expected to be that any event can be analyzed. And given this fact, it only makes sense for us to formalize and allow anyone to work with it. Embeddings are useful for various applications including semantic search across nostra events, content recommendation systems, clustering similar content and multimodal AI application.
The specification is a 1986 event and embedding specific labels for an event. There are required tags. The ID of the original event being embedded, the name and version of the model used to create the embedding, and if possible a link to the download source the type of content being embedded like is it text, an image, audio, is it video and the embedding vector represented as a comma separated list of floating point numbers. Again, if you don't know what what that means, that's okay. Because just just rise above the details of what I'm reading to you and understand that we're talking about embedding the ability to get into somebody's note and pull apart the, like, I the way that I'm reading it with these tags involved and I embed, like, I don't know, a copy of a video that I took on, how to propagate Confrey, that the embedding can be pulled out, searched by AI, and then a summary of what I said given back to you just because you have are are working with my particular note that I posted on Noster as just like a fun thing to do. Now, I'm not at all certain that I'm correct about that.
So understand. But the way that I'm viewing this is when they say rich content embedded into a Nostra event, what I see is not only did I throw a video down there, but the fact that it is embedded in this specific way enables other things to go grab that embedding and start doing work on it, whether it's pulling the audio out, whether it's summarizing the content. I don't know. I I I I don't know. I I really want to get invited to Liminal and Laceran's Slack on project Alexandria just so that I can be a fly on the wall. So if you guys are out there listening to me, that's what I really want from y'all. I I wanna be invited to the Slack so that I can I can actually try to figure out what the hell you guys are doing at the development level? Anyway, so optional tags though. There are dimensions of the embedding vector and that's in an integer format.
Boolean attribute, whether the vector is normalized to a range between 0 and 1. If there is a download link, use the tags and type to verify the model being used. A original data source that is being embedded. Mainly suited for text, this allows the original data to be attained without fetching the original event. All other tags and labeling conventions may also apply such as specified in NK BIP01 and NIP32, For non text embeddings, images, audio and video, the source tag may contain a URL or identifier for the original content. The model tag should be as specific as possible, including version information and location to download if available. This ensures that clients can properly interpret and compare embeddings.
Multiple embedding events can reference the same original event, allowing for different embedding models to or content types for the same source material. Now again, and it's for for the last time. My apologies if what I just read is just like, I'm not a apologies if what I just read is just, like, I'm not a developer day. Why the hell did you read that for me? I read that to you because nobody should be sleeping on what we just read. There's not a single person that's interested in Bitcoin, Lightning, e cash, nutsacks, what Pablo, f seven z just dropped with being with the first version of the ability to send sats to and from, oh god, insect and n pub key pairs on Nostr.
There's not really a wallet involved. Your identity is the wallet. He just dropped that shit yesterday and I still have yet to really figure out how this is working so I'm I'm going to wait to bring that to you. But if you're interested in any of this and and any of the things that I've ever said on note taking and leveraging other people's ability to do the same and then linking those things together to come up with God only knows what, then you don't need to be sleeping on what the hell that I just read. Everything that I just read is extremely important.
And if you have any interest in it at all, then go look at 2 or go search and start digging into the rabbit hole of 2 things. Embeddings. And then use the search term around that semantic embeddings. And then you can go and look at semantic web. Now, hold on for a second. There is something that I've got. Yeah, here we go. Vector embeddings. And I'm putting this one up in the in the Zap dot stream so that you can see it. This is from, pinecone. Io in their learn section and it's vector embeddings. I I have to actually go through and start reading about embeddings, because I've I've never heard of these things before. But from what I'm already reading and just the introduction by itself, I think our entire world is going to change.
I well beyond AI. This is this what the thought that I get in my head is that what LeCerin and Liminal and all the rest of the guys over at Project Alexandria are creating is a way for us to convert ourselves and our human brain from a human brain into the Dune or Frank Herbert's version of a human computer. A Mentat. Because we have almost instant access to related information and use our human brain, which is an extensive supercomputer to process that information. I think most of what holds humanity back is access to information and access to relevant information and access to related information. And if we had better access to that kind of information faster, then we would smoke the living shit out of any AI for the next 150 years because now we've turned into Mentats.
I you can just say, you know what? At this point, I'm never gonna listen to you again because you're you're straight up psycho. That very well may be, ladies and gentlemen. That very well may be. But I just I can't not see this. Now let's get back over here to OpenSats. Hold on. Make sure they're okay. OpenSats has announced the 5th wave of Nostra grants, and let's get to the list. Who are the grantees? Well, Nosvelte is a Svelte library designed to simplify the development of nostril applications. Npub.cash got a grant and it offers privacy preserving Lightning addresses without registration by combining Cashew, Nostra, and the Lightning Network.
Nos ter with 2 t's is a social web client for Nostra focusing on enhancing the user interface and experience. Nostra filter relay project provides a docker image package that filters nostra content based on the criteria such as language, user type, and content safety. Just marry that with embeddings and you'll you might actually get another picture of what's possible here in the future. Maestro is a peer to peer Bitcoin marketplace that is currently migrating from Telegram to Nostr. Thank god. Citrine is an Android based relay and data base that enables noster clients to send and receive events. Dvm dash is a monitoring and debugging tool for data vending machines on noster.
Nostr PHP is a helper library for interacting with Nostr. Shopster is a decentralized marketplace that enables users to buy and sell goods using Bitcoin anonymously. It aims to promote Bitcoin and Nostr adoption by providing free and open and globally accessible platform for online commerce. Nostromo is a versatile Nostra client supporting multiple platforms, including Android, iOS, macOS, Windows, Web, and Linux. It offers features like NIP 07 support and a visual editor. Nice. And last up is, hold on for a sec. Okay. Last up is Captain's Log. It is a Nostra native desktop note taking. Holy shit. Note taking application for Mac OS, Linux, and Windows. It supports markdown for creating and posting kind one events and kind 323 events which are long form articles.
So captain's log, you need to squarely put that into the camp that we were just talking about, Project Alexandria and embeddings and note taking applications and linking our abilities together. I I there's no possible way that I can impart to you what you're about to see. There's there's no there's no capacity for the English language to truly impart what you're about to see in the next 5 to 10 years when it comes to human thought. You if anybody is out there that's betting against human thought and betting for AI, you're gonna get fucking smoked.
You're gonna be smoked. You're gonna be a little pile of ash. You will have missed the boat and the train and the plane and the bus and the little fucking Kewanai go karts that you see in the 4th July parade. You're going to be left behind because there is no power like a single human mind except for a networked set of human minds. That captain's log is going to be part of that. Now I don't I have not I I haven't even seen captain's log yet, so I'm gonna have to actually keep this one up. Actually, let me let's see if they've got okay. It is a GitHub.
So I I I'd have to probably compile it myself and I'm I'm at my limit. Well, actually, I mean, I can do it, but I just I don't I don't want to just yet. I need to go go to the read me. Let's see if the read me is there. Oh, do do do do do do do. Oh, wait. No. That was just a pull request for the read me. Let's get to the actual read me. To install the dependencies and run the app in development mode, run the following command, whales 3 space dev. I might actually have to dust off some of my some of my chops. Kinda I'm I'm kind of I'm kinda thrown into a loop here, guys, so I'm just gonna kick myself out of the loop and go over here to Roman Storm. He's been granted a delay of the tornado cash trial while Alex Pertsev has been denied bail by Dutch court. So the tornado cash trial is still ongoing and there's at least somebody's got a delay of his trial, but it looks like the Dutch court is just gonna flat out screw over Alexei Pertseff, which which does not look make it look very much better for Roman Storm even though he was granted a delay in that particular trial. Let's move on.
Crux version 24.07.0 myxCubebip85bbqrsupport speed and security improvements. So crux is an open source firmware that enables anyone to build their own bitcoin signing device via off the shelf parts. It runs on Kendrite K2010 devices such as the M5 Sticky V and Mayex Amigo turning them into air gapped devices that can sign transactions for multi signature and single signature wallets. So if you know what this is, if you've been keeping up with Mayex, they have a brand new release out. So that's good for y'all. Bitcoin keeper version 1.2.1, or, well, 1 point 2.10 companion desktop app.
Bitcoin Keeper is also an open source mobile multisig Bitcoin wallet with inheritance features, and it's available on iOS, Android, and macOS. Yeah. So I think that that's pretty much it. I'm still stuck on this, on this Embeddings, captain's log, and the the fact that captain's log is gonna be reading into the 3, the 300, or the 30,000, scale event types, because that's where sort of where that n k b I p o one and NKBIP o two kind of fit in. Those are also 30,000, level, event types. Really excited about this. And again, LeSaren or Liminal, if any of you guys are actually listening to this today, I'm just gonna formally ask for permission, to get into y'all Slack.
I'm you don't know me from Adam. So, put put all the locks on me. Make sure I can only see the shit that you wanna see, And I'll be fine with that. I ain't gonna bitch. I just somehow or another I don't even want to get into the discussion. I just want to read what's going on as it's happening because this thing is probably you know how we thought Bitcoin was important. And you know how we thought lightning was important. You know how we thought Noster was important. And after Noster, we got Chami and e cash, and, you know, that was important too. And those were those were the 4 the 4, ecosystems that were starting to collide and send off massive edge effects.
I don't think anybody like and if you look at those 4 ecosystems, when we look at ecosystems, we're essentially we're looking at ecosystems on the on the planet. Right? So for us, at our scale, 6 foot high on average is, you know, human being. We're on a on a on a sphere that sits in 3 dimensions. But for for most of our maps are in 2 d because it works, because of the scale that we're at. Right? I have a section of land. It's it's a square section of land. It's 640 acres, let's say, and I can represent that in the way that I think about it as I address that piece of land is that it's flat. But it's not flat, is it? It's part of a sphere. So, therefore, by definition, the corners of those properties are at our part they define they define the section of land as a wrapper on top of a sphere so by definition I'm not dealing with a 2 d or a 2 dimensional plot of land I'm dealing with a three-dimensional plot of land so when I say Bitcoin was important to us and it was gonna change the world and lightning was important. It's changed the world and Noster was important. It's gonna change the world and now we got e cash in the mix.
So I got 4 ecosystems and we're still looking at these on a piece of paper as 4 different networks that are starting to collide together. Now, think of it turn that paper on its side and then put Project Alexandria either on bottom or on top that is a distance away from that plane of paper, and then connect all 4 of those. The Bitcoin, Lightning Network, Nostr, and e cash, and anything else that you wanna, you know, that you think is important. And draw connection lines in your mind up to a three-dimensional point that is not on that plane, that is not on that piece of paper.
Because that's that's how we need to start thinking. We need to start thinking in 2 or in 3 dimensions rather than in 2 dimensions. Now the edge effect is in 3 dimensions, and not just where 2 edges meet. Where 3 edges meet. 4 edges, 5 edges, 12 edges, and they're all at different elevations, because now we're dealing with with with a a third dimension. Instead of just thinking about it on a flat sheet of paper, we need to start thinking about this shit and start playing three-dimensional chess. And I now that Craig Wright has poisoned all that three-dimensional chess talk, I I probably shouldn't say it that way, but we're just gonna say it that way. And I don't have anything else to say because my mind is a little bit blown right now, and I got a lot of reading to do.
And if you and if you think that I'm just bat shit crazy I actually want to hear that you think that I'm bat shit crazy, that this is just this is a nothing burger, but and tell me why. And it's not because I wanna argue with you. I I literally need, you know, my people out there to to drag me back down to earth because my mind's going a little bit into overdrive on what this can possibly mean. I'm serious. I think this turns I think that this is the link that we needed between human minds, the organic brain that sits in your skull. And that we needed a digital infrastructure to be able to link those minds together.
And that we become a human supercomputer that makes AI look like it's children on a playground figuring out how to not pull their pants down and take a wee wee over there by the slide in broad daylight with all the other parents watching. If you have children, you've you may have experienced this. And that's what I look at when I see AI. I see children. I don't see mature adults walking around with a real ability to synthesize information. Our only problem is we have been starved of quality information. I cannot impart to you how important these five things are together.
Money, Lightning, eCash, Noster, and Project Alexandria will probably change the history of humanity in ways that are going to be good. Sure. There's always gonna be an asshole out there that uses their powers for bad, but we're going to win. And I'll see you on the other side. This has been Bitcoin and and I'm your host, David Bennett. I hope you enjoyed today's episode and hope to see you again real soon. Have a great day.
Good morning. This is David Bennett, and this is Bitcoin and, a podcast where I try to find the edge effect between the worlds of Bitcoin, gaming, permaculture, podcasting, and education to gain a better understanding of all. Edge effect is a concept from ecology describing a greater diversity of life where the edges of 2 systems overlap. While species from either system can be found at the edge, it is important to note there are species in the overlap that exist in neither system, and that is what I seek to uncover. Uncover. So join me in discovering the variety of things being created as Bitcoin rubs up against other systems. Well, it was 10:30 AM Pacific Daylight Time, but now it's 11:26 AM Pacific Daylight Time.
And the running the numbers section and the back hack, back section of the show is already done because like a dumbass, I forgot to actually hit record. So we're doing the entire front of the show again. I just don't feel good or right about releasing that show as is. The product has to be superior. Circle P is open for business and it is Ink Blot Farms. If you've ever wanted to have a cow but don't have the room to put the cow on your grass because you live in suburbia, well he'll rotationally graze that animal for you. And then you can pick the cow up. Maybe you buy a farm or a little piece of property out, you know, later on and you can, fit a cow on there. Or you can just keep it there at Eatenplot Farms until it's time to graduate that little son of a bitch up to freezer camp. And these cows are bred. They're bred heifers, which means that they're pregnant. And that's why they cost $3,000 to $4,000 in Bitcoin. And if you're not selling it in Bitcoin, you're not in the circle p like inkblot farms.
He's got 8 of them are have been accounted for so far on sales. He's got 17 head left And again, $3,000 to $4,000 per Bitcoin. You can also go out there to his place and see. You can go fish and you can go camp and there's several wineries around there. I will be putting his contact information. It is his Nostr Inpub, as a link to a nostr client and it will be in the show notes for your perusal so that you can get a hold of him directly. But make sure that you tell him that you heard it here in the circle p. That way, he will be able to give me, some satoshis for sales. Now here's a guy that is in trouble.
It looks like he is in serious serious hot water. Craig Wright has been referred to the Crown Prosecution Service for consideration of perjury and forgery charges, James Hunt, writing for the block. Craig Wright, the Australian computer scientist who spent years fraudulently claiming to be synonymous, creator of Bitcoin and author of the white paper, Satoshi Nakamoto, is being referred to the UK Crown Prosecution Service. Quote, I have no doubt that I should refer the relevant papers in this case to the CPS for consideration of whether a prosecution should be commenced against doctor Wright for his wholesale perjury and wholesale forgery of documents and or whether a warrant for his arrest should be issued and or whether his extradition should be sought from wherever he is now.
Mister justice Malore wrote in a written judgment on Tuesday, quote, all those matters are to be decided by the CPS. Wright has brought litigation against several individuals and entities globally based on his false claims. However, the crypto open patent alliance, whose members include Jack Dorsey, filed a lawsuit in April of 2021 aimed at stopping right. In March, the UK high court judge, James Malore, ruled that Craig Wright is not Satoshi Nakamoto. Well, mister Justice Malore ordered Wright to pay substantial cost on an indemnity basis due to his fraudulent litigation conduct. Wright was required to cover the cost amounting to more than £5,900,000 or $7,600,000 for the COPPA claim and $149,000 for the Bitcoin Core claim with an interim payment set at 85% of these amounts, equating to approximately $6,600,000 Judge Malore set the interest rate on these costs at 8% to reflect the higher interest rates during the relevant period and COPA's representation of mainly US entities.
Additionally, Coinbase's application for cost was granted at 85% of their incurred expense related to worldwide freezing order amounting to $1,200,000 while Judge Mellor set an interim payment of 80% for various other defendants represented by the law firm Cook, Young and Keaton, LLP. Wright's whereabouts are currently unknown. The evidence shows that doctor Wright has left his previous residence in Wimbledon, which is in London, appears to have left the UK, has been said to be, quote, traveling, and was last established to be in the time zone of UTC+7, Judge Mellor wrote in the filing.
In March, a worldwide freezing order of $7,600,000 worth of Craig Wright's assets was approved to prevent him from avoiding court cost. A spokesperson for Craig Wright, well, hasn't said shit. It's funny that he's gone. And you know who else is is kinda like kinda like disappeared is, his buddy Calvin Ayr. Right after judge Malore pulled the plug on Craig Wright in court and said, nope. You're not Sidoti. He disappeared. He wrote, he's going away for a while. He's gonna go traveling or something like that. So makes you wonder whether or not, his buddy, Craig Wright came with him. Anyway, on to Bizzo, they're going to bring lightning to its 8,000,000 users via LightSpark and 8,000,000 users is one thing, but the institutional users is another. We'll get to that. Vivexin, Bitcoin Magazine, leading Latin American crypto exchange, Bitso, has partnered with Lightspark to integrate the Bitcoin Lightning Network onto its platform.
This will introduce faster cheaper Bitcoin transactions to Bitso's user base of over 8,000,000 retail clients. But here's the catch, and 1700 institutional customers. That's the one I'm interested in. Bitso will leverage LightSpark's infrastructure to enable lightning transfers. LightSpark will host the nodes while Bitso retains control of the private keys. The integration comes as lightning network adoption spreads globally making payments with Bitcoin faster, smoother, and less expensive. According to Bitso's research, 53% of crypto wallets in Latin America hold Bitcoin.
Trading pairs against local fiat currencies are also widely used. Thus, Lightning is a natural fit to upgrade Bitso's existing infrastructure. Daniel Vogel, co founder and CEO of Bitso said, we're thrilled to partner with LightSpark to bring Lightning to our platform. This advances our mission of making crypto useful by delivering faster, more cost effective, and transparent money transfers, end quote. With lightning, Bitso can offer near instant Bitcoin transactions at a fraction of a cost of regular on chain Bitcoin payments. And this unlocks new potential payment and remittance solutions for both retail and enterprise clients.
LightSpark CEO David Marcus said Bitso shares our vision of building open payments for the Internet. This gets us closer to that goal. We know people across Latin America want this solution, end quote. As a pioneering Latin American exchange with millions of users, Bitso's integration of Lightning is a milestone in increasing Bitcoin adoption. So Latin America back on deck. But Bitcoin has dropped. Oh, oh, the humanity. Bitcoin dips below 63,000 as Mt. Gox moves 2.8 $1,000,000,000 worth of BTC to internal wallets, CoinDesk, Amkar Godbold is writing.
Bitcoin faced renewed selling pressure on Tuesday after data showed defunct exchange Mt. Gox started moving their coins internally for potential repayments to creditors. The leading cryptocurrency by market value dipped 3% briefly falling below 63,000 after testing the $65,000 mark during the early Asian trading hours, according to CoinDesk. The decline happened as the wallet associated with Mt. Gox initially moved $1,000 worth of Bitcoin to a blockchain address. The small movement, supposedly a transfer test, was followed by a significant movement of, wow, 44,527 BTC to an internal wallet according to data tracked by Arkham Intelligence.
The movement was likely part of the repayment plan according to on chain sleuth, Look on Chain. Cryptocurrency exchange, Kraken, reportedly confirmed the creditor repayments saying that it has received funds and will distribute them over the next 2 weeks. And then they go into a little bit of TA on the price of Bitcoin due to the drop. I really you know, honestly, we knew this was coming. It's just that everybody freaked out that or everybody with paper hands freaked out because Mt. Gox just confirmed what we already knew was going to occur anyway. That Mt. Gox was going to give the coins for repayment to Coinbase, Kraken, Binance maybe, and a couple of other places. And it looks like all that happened was that Kraken said, we got the coins for repayment. And people flipped out and said, oh my god. It's the end of the world.
And for some people, it is going to be the end of the world because Trump has a new super pack. Well, he doesn't. He I mean, he does, but it wasn't opened by him. You you can't do that. So some people got together and a new Trump super pack gets 1,000,000 of dollars in donations from crypto backers, Sebastien Sinclair riding for Decrypt. Several prominent figures with ties to the crypto industry have emerged as backers of a new pro Trump super political action committee dubbed America PAC. Founders sorry. I see I hear PAC and I all I could think about is MoPac in Austin. And me and Buddy used to to joke about it. If you ain't got enough pack, MoPac.
Whatever. Founders of crypto exchange Gemini, Tyler and Cameron Winklevoss have donated 250,000 to the pack each, federal election committee records show. The pair, however, made separate $2,000,000 Bitcoin donations to former president Donald Trump's campaign last month. It comes as the crypto community kicked off a fresh wave of political support and grandstanding for former president Donald Trump for his White House bid following an assassination attempt in Pennsylvania on Saturday. I guess, Amkar Godbold doesn't like Trump. Elon Musk said he's planning to commit around 40 $5,000,000 a month to the pack. Let's read that again.
This is important. Elon Musk said that he's planning to commit around $45,000,000 a month to the pack according to a report by the Wall Street Journal on Monday. Now, it's it's we're we're well through July. So August, September, October, November. The election's in November. Let's just say that Elon Musk only donates 45,000,000 a month for 3 of those month. That that's getting close to a $150,000,000, which I think matches the amount of cash on hand, not total donation promises, but cash on hand of the Biden, reelection campaign.
Now somebody fact check me on that because I'm not sure. But I know that I think I heard $270,000,000 as being the the totality of the Biden war chest, but many of those are promissory. They actually haven't given the the the money yet. And until they actually give the money yet, they can renege on those promises, and it does not look good for Biden given several factors. The debate performance, the assassination attempt, and then for whatever reason, the Biden camp did not cancel his appearance in a new interview that on television that was scheduled for, you know, for a couple of weeks at least. And then be right before he went on the air, you know, like a day before or a couple of days before, you had the assassination attempt.
And all of a sudden, man, Biden started fumbling around. So nothing looks good for Biden. Nothing looks good for his camp. And now we've got Elon Musk saying that he's gonna be pulling the stops out at about a 150,000. Was it a 100 be a 135,000 or a $135,000,000? Something like that. Yeah. In the next 3 months. And if he does a 4th payment in November, that's I I I just don't see I don't see Biden or or the democratic camp surviving this election. I just don't. I'm sorry. I don't. It is not yet clear if Musk has already donated. Efforts were made to contact Musk, but there was no response. Established in June, America PAC is dedicated to voter registration and encouraging early voting as of June 30th.
FEC records show that the PAC has garnered $8,750,000 in donations across 18 entities, not all of which are linked to the crypto industry. John Lonsdale, cofounder of Palantir Technologies, and this is not somebody I want anywhere close to the presidency, was also named in the report having contributed $1,000,000. Lonsdale has previously said that crossing artificial intelligence and crypto could prove fruitful, whatever, dude. Douglas Leone and Sean Maguire are partners at Sequoia Capital, which has invested in several crypto projects, donated 1,500,000,000 or $500,000 respectively.
Sequoia had previously earmarked 500,000,000 for new crypto projects, but slashed that figure to 200,000,000 17 months later. Meanwhile, Kenneth Howery, cofounder of the venture capital firm Founders Fund, which focused on emerging technologies, including block chain, contributed $1,000,000 to the pack. The former president has appealed to crypto holders on the campaign trail accepting crypto donations in May after signaling that he's good with crypto now at a Mar a Lago event for holders of his, God forbid, Polygon based NFT collection. Last month, Trump specifically backed Bitcoin miners. So there you go. That's that's what's going on there, and it is now time to read the numbers.
CNBC Futures and Commodities West Texas Intermediate is down a point to 8108. Brent Norsee is down almost a point to $84.15. Natural gas moving in opposition up a point to $2.17 per thousand. And gasoline is up but scant, $2.49 a gallon. All the shiny metal rocks are doing well. Gold is up 1.6 percent to $2,469. Silver is up almost 2 full points. Platinum is up a quarter of a point, but copper is down 1 and a half. Palladium is up almost a full point. Ag is almost all red. And, cocoa taking us all down today, 8.23% to the downside for the tasty stuff.
Let's see. Who's winning today? Anybody winning? Yeah. We've got corn. The corn is winning. It's up 1 and a quarter points. Live cattle is up almost a half point. Lean hogs are up well over 3 points. Feeder cattle down scant. The Dow is up 1.5, charting a new all time high for the legacy index. S and P is up a quarter. Nasdaq is down over a 3rd. And the S and P is up almost 2 full points. What do we got here? We've got a Clark Moody Bitcoin, a price of $64,580. That is $1,270,000,000,000 market cap. You can get 26.5 ounce of shiny metal rocks with your 1 bitcoin, of which there are 19,000,726,296.12 of.
And fees have risen just a little bit. 0.09 BTC average fees per block. So how many blocks are there? Let's go find out. Do do do 141 blocks carrying 177,000 unconfirmed transactions confirming at priority high priorities of 9 satoshis per vbyte. Low priority is gonna get you in 6 satoshis per vbyte. And anything under the coveted 1 satoshi per vbyte is going to be booted from mempools around the world, which are operating at 576 exahashes per second. So we've dropped quite a bit in our hash rate, but that's okay because we're still well over securitized. Now from freedom of identity, Bitcoin and podcast 923, user 56179 545 boosted 5,000 sats and said nothing.
Hey. If you're gonna pay me that kind of money, dude, you should probably say something for me to read on the air. Pies with 5,000 says boost mofos. Enjoy your vacation, my brother. Thank you, man. User 195-5052 boosted 2,000 says nothing. Vague with a 100 no. 1 god. I can't can't even talk. 1,500 says live long and prosper. Pies with 1,000 says purple peeling boomers. Sir, you are my hero. That dude, Luke with a 1000 says nostril is the future. And you sir are a badass nostril. Oh, cool. Cool, man. Wartime with 444. Love the nostril rant. It pisses me off when people dismiss it to social media and many of those same people use Twitter. Laugh out loud. A shake of my head. Pies with 420. Thank you, sir. No. Thank you. God's death with 237. Thank you, sir. No. Thank you. And now it's gonna do it for the weather report.
Welcome to part 2 of the news you can use. I'm going to start this one off with a post on Wikipedia from Liminal. Wikipedia, if you don't know, is Pablo f seven z's, version of Wikipedia, except it is of course based on Nostr. And what I wanna read to you by liminal liminal, I I kinda got a preface. A few shows back, I brought you news about this thing called Project Alexandria, which is somehow or another becoming very, very much attached to my heart. I'm not part of the project. I've never suggested anything about this project, to any of the people that are developing the project. This is this is, you know, just all them. So I'm not take I'm definitely not going to take credit for anything. But there's almost an almost 80% overlap in the way that I've been thinking about using Obsidian for zettelkasten.
If you don't know what zettelkasten is, I've talked about it on several occasions. It's a a form of note taking. Like, all the books that you read, like, especially nonfiction books. If you're reading for, you know, history or science or something like that and you're taking notes and you close the book and you never see that note again because you're no longer studying for tests at high school or college, well then you basically just wasted your time. But zettelkasten is a is a form that you can use to not only write down your notes, in a place that you can keep them, but you can relate your notes to each other. And that's that's the most important part about Zettelkasten is being able to say, yeah. I remember reading something else that sort of relates to this thing.
And this is a and zettelkasten offers a way that that you can kind of link those. And now that we have we live in the digital realm, we have these zettelkasten note taking applications like Obsidian, Roam, NotesNook is another one that's Roam is Roam is gonna cost you money, and they own your data. Obsidian is free and you own your data. And Notes Nook, I don't think you own your data, but it is free up to a point when you wanna start, you know, dumping pictures and stuff in. They just want to charge you because they have to host those pictures which leads me to believe that your data is on their servers. That's why I use Obsidian almost exclusively because the data sits on my hard drives. But ever since I've come to know what's going on with Project Alexandria, My idea for what essentially, what I'm talking about here is I have all my notes and and I've, you know, linked many of them together.
But there's a there's a lot of other people that are out there that I know that have these really good thoughts. And some of them are becoming interested in also keeping keeping notes and there you know some people have asked me how do you use Obsidian? And I'll I'll send them over to Nick Milo, which is one of my guys over on YouTube that I listen to a lot about how to use these tools and how to think about note taking and, you know, what what can you do with all these notes once you've once you've compiled them. And it seemed to me that Nostra offered us an extreme ability to reach out to other nostriches out there and sort of leverage their note repository. So that maybe somebody else is is really more like even more hardcore into permaculture than I am. And they have an entire Obsidian library of all their notes, of all the stuff. That way, I can leverage their knowledge by linking my repository to their repository. Or rather, if I see if I'm able to see some of their notes and say oh that that that dude's note reminds me of something that I wrote and then I go find it in my repository using its internal search functions and then somehow or another be able to directly reference that note that that guy wrote from my note that is in sitting on my hard drive with what's called a backlink So it's like a live URL except in in in Obsidian terms, it's not really a URL. It's just a file location that when you click it, it takes you to that note because it's essentially taking you to that file location. But what if?
What if that file location that I'm linking to is not on my local computer but is on some dude's relay and we're using Obsidian to write to relays. Okay. So I wanna read you this. Well, first of all, Project Alexandria is sort of heading in that direction. Not exactly, but there's enough overlap that the guy the developers over at Project Alexandria are starting to talk to me, and I am very interested in talking to them because I think there's a huge synergy possibility here. And it looks like they they recognize that because I got, basically I got tagged in Nostor from Liminal, which is one of the developers of on Project Alexandria and he made sure that I saw this following Wikipedia entry, which is part of the Project Alexandria project. Okay. So I'm gonna read it to you now.
NKBIP 2. N k b I p. What does that stand for? It sounds like BIP and it sounds like a NIP. Except it's not. It's n k b I p or NCCBIP. It stands for Noster Knowledge Base Improvement Protocol or Proposal or something like that. I'm pretty sure that the NKB stands for Noster Knowledge Base. Okay, so NKBIP02 an extension to NIP32 labeling. This NKBIP defines the standard for attaching vector embeddings to any nostr event. These embeddings can represent text, images, audio, video or any other type of content. The specification includes a way to denote the model used for creating the embedding, the type of content embedded, and the embedding vector itself.
I'm going to pause to remind people that if you don't know what that was, don't be afraid. I didn't know what embedding was either, and I still don't. However, I'm looking into it. So when they say, let's see here. I'm trying to look for the word here. Semantic embeddings and, these other, basically embeddings themselves. I would just start looking for it and I'm finding that I'm about to fall down yet another rabbit hole. And it's kinda scary because of what this represents. This thing is huge. They didn't, like the liminal in the guys, they didn't invent embedding. Embedding was talked about years ago when people were talking about this thing called the semantic web which almost everybody has forgotten about and I forgot about it too.
But it had real promise but execution, it just wasn't going to happen. So that's why we don't have it. And I'm not going to explain it. I want to get through this n k b I p. If when you hear the terms that you don't understand what's going on, but you're interested in the power of linking groups or individuals knowledge together in a cohesive way, then listen on. Allowing rich content to be embedded within Nostra Events opens up new possibilities for applications built on the protocol. This is highly synergistic with NKBIP 0 1, where we can decompose existing events into their most semantically closed forms as defined either by the author or the analyst. See semantic closure.
For precise semantic embeddings, but this process can be applied to any other event. Embeddings are also typically computationally expensive, which makes it beneficial to compute them once and store them for reuse. And automatically, and this is me talking, automatically all I can think about is proof of work. And the fact that not everybody would be able to like, I couldn't just scrape the entire Noster verse for everybody's note and steal all their ideas. In a way, this sort of provides a doorway to introduce proof of work so that if I want somebody's note I damn well better pay a share in satoshi's for that note. Now, motivation. Hashtags and labels already exist as one way to classify content.
Embeddings allow for a fine grained resolution of content. Every embedding model has trade offs. So if you need something more specific than what is available, use your model. Nostra events are public. Therefore, it is expected to be that any event can be analyzed. And given this fact, it only makes sense for us to formalize and allow anyone to work with it. Embeddings are useful for various applications including semantic search across nostra events, content recommendation systems, clustering similar content and multimodal AI application.
The specification is a 1986 event and embedding specific labels for an event. There are required tags. The ID of the original event being embedded, the name and version of the model used to create the embedding, and if possible a link to the download source the type of content being embedded like is it text, an image, audio, is it video and the embedding vector represented as a comma separated list of floating point numbers. Again, if you don't know what what that means, that's okay. Because just just rise above the details of what I'm reading to you and understand that we're talking about embedding the ability to get into somebody's note and pull apart the, like, I the way that I'm reading it with these tags involved and I embed, like, I don't know, a copy of a video that I took on, how to propagate Confrey, that the embedding can be pulled out, searched by AI, and then a summary of what I said given back to you just because you have are are working with my particular note that I posted on Noster as just like a fun thing to do. Now, I'm not at all certain that I'm correct about that.
So understand. But the way that I'm viewing this is when they say rich content embedded into a Nostra event, what I see is not only did I throw a video down there, but the fact that it is embedded in this specific way enables other things to go grab that embedding and start doing work on it, whether it's pulling the audio out, whether it's summarizing the content. I don't know. I I I I don't know. I I really want to get invited to Liminal and Laceran's Slack on project Alexandria just so that I can be a fly on the wall. So if you guys are out there listening to me, that's what I really want from y'all. I I wanna be invited to the Slack so that I can I can actually try to figure out what the hell you guys are doing at the development level? Anyway, so optional tags though. There are dimensions of the embedding vector and that's in an integer format.
Boolean attribute, whether the vector is normalized to a range between 0 and 1. If there is a download link, use the tags and type to verify the model being used. A original data source that is being embedded. Mainly suited for text, this allows the original data to be attained without fetching the original event. All other tags and labeling conventions may also apply such as specified in NK BIP01 and NIP32, For non text embeddings, images, audio and video, the source tag may contain a URL or identifier for the original content. The model tag should be as specific as possible, including version information and location to download if available. This ensures that clients can properly interpret and compare embeddings.
Multiple embedding events can reference the same original event, allowing for different embedding models to or content types for the same source material. Now again, and it's for for the last time. My apologies if what I just read is just like, I'm not a apologies if what I just read is just, like, I'm not a developer day. Why the hell did you read that for me? I read that to you because nobody should be sleeping on what we just read. There's not a single person that's interested in Bitcoin, Lightning, e cash, nutsacks, what Pablo, f seven z just dropped with being with the first version of the ability to send sats to and from, oh god, insect and n pub key pairs on Nostr.
There's not really a wallet involved. Your identity is the wallet. He just dropped that shit yesterday and I still have yet to really figure out how this is working so I'm I'm going to wait to bring that to you. But if you're interested in any of this and and any of the things that I've ever said on note taking and leveraging other people's ability to do the same and then linking those things together to come up with God only knows what, then you don't need to be sleeping on what the hell that I just read. Everything that I just read is extremely important.
And if you have any interest in it at all, then go look at 2 or go search and start digging into the rabbit hole of 2 things. Embeddings. And then use the search term around that semantic embeddings. And then you can go and look at semantic web. Now, hold on for a second. There is something that I've got. Yeah, here we go. Vector embeddings. And I'm putting this one up in the in the Zap dot stream so that you can see it. This is from, pinecone. Io in their learn section and it's vector embeddings. I I have to actually go through and start reading about embeddings, because I've I've never heard of these things before. But from what I'm already reading and just the introduction by itself, I think our entire world is going to change.
I well beyond AI. This is this what the thought that I get in my head is that what LeCerin and Liminal and all the rest of the guys over at Project Alexandria are creating is a way for us to convert ourselves and our human brain from a human brain into the Dune or Frank Herbert's version of a human computer. A Mentat. Because we have almost instant access to related information and use our human brain, which is an extensive supercomputer to process that information. I think most of what holds humanity back is access to information and access to relevant information and access to related information. And if we had better access to that kind of information faster, then we would smoke the living shit out of any AI for the next 150 years because now we've turned into Mentats.
I you can just say, you know what? At this point, I'm never gonna listen to you again because you're you're straight up psycho. That very well may be, ladies and gentlemen. That very well may be. But I just I can't not see this. Now let's get back over here to OpenSats. Hold on. Make sure they're okay. OpenSats has announced the 5th wave of Nostra grants, and let's get to the list. Who are the grantees? Well, Nosvelte is a Svelte library designed to simplify the development of nostril applications. Npub.cash got a grant and it offers privacy preserving Lightning addresses without registration by combining Cashew, Nostra, and the Lightning Network.
Nos ter with 2 t's is a social web client for Nostra focusing on enhancing the user interface and experience. Nostra filter relay project provides a docker image package that filters nostra content based on the criteria such as language, user type, and content safety. Just marry that with embeddings and you'll you might actually get another picture of what's possible here in the future. Maestro is a peer to peer Bitcoin marketplace that is currently migrating from Telegram to Nostr. Thank god. Citrine is an Android based relay and data base that enables noster clients to send and receive events. Dvm dash is a monitoring and debugging tool for data vending machines on noster.
Nostr PHP is a helper library for interacting with Nostr. Shopster is a decentralized marketplace that enables users to buy and sell goods using Bitcoin anonymously. It aims to promote Bitcoin and Nostr adoption by providing free and open and globally accessible platform for online commerce. Nostromo is a versatile Nostra client supporting multiple platforms, including Android, iOS, macOS, Windows, Web, and Linux. It offers features like NIP 07 support and a visual editor. Nice. And last up is, hold on for a sec. Okay. Last up is Captain's Log. It is a Nostra native desktop note taking. Holy shit. Note taking application for Mac OS, Linux, and Windows. It supports markdown for creating and posting kind one events and kind 323 events which are long form articles.
So captain's log, you need to squarely put that into the camp that we were just talking about, Project Alexandria and embeddings and note taking applications and linking our abilities together. I I there's no possible way that I can impart to you what you're about to see. There's there's no there's no capacity for the English language to truly impart what you're about to see in the next 5 to 10 years when it comes to human thought. You if anybody is out there that's betting against human thought and betting for AI, you're gonna get fucking smoked.
You're gonna be smoked. You're gonna be a little pile of ash. You will have missed the boat and the train and the plane and the bus and the little fucking Kewanai go karts that you see in the 4th July parade. You're going to be left behind because there is no power like a single human mind except for a networked set of human minds. That captain's log is going to be part of that. Now I don't I have not I I haven't even seen captain's log yet, so I'm gonna have to actually keep this one up. Actually, let me let's see if they've got okay. It is a GitHub.
So I I I'd have to probably compile it myself and I'm I'm at my limit. Well, actually, I mean, I can do it, but I just I don't I don't want to just yet. I need to go go to the read me. Let's see if the read me is there. Oh, do do do do do do do. Oh, wait. No. That was just a pull request for the read me. Let's get to the actual read me. To install the dependencies and run the app in development mode, run the following command, whales 3 space dev. I might actually have to dust off some of my some of my chops. Kinda I'm I'm kind of I'm kinda thrown into a loop here, guys, so I'm just gonna kick myself out of the loop and go over here to Roman Storm. He's been granted a delay of the tornado cash trial while Alex Pertsev has been denied bail by Dutch court. So the tornado cash trial is still ongoing and there's at least somebody's got a delay of his trial, but it looks like the Dutch court is just gonna flat out screw over Alexei Pertseff, which which does not look make it look very much better for Roman Storm even though he was granted a delay in that particular trial. Let's move on.
Crux version 24.07.0 myxCubebip85bbqrsupport speed and security improvements. So crux is an open source firmware that enables anyone to build their own bitcoin signing device via off the shelf parts. It runs on Kendrite K2010 devices such as the M5 Sticky V and Mayex Amigo turning them into air gapped devices that can sign transactions for multi signature and single signature wallets. So if you know what this is, if you've been keeping up with Mayex, they have a brand new release out. So that's good for y'all. Bitcoin keeper version 1.2.1, or, well, 1 point 2.10 companion desktop app.
Bitcoin Keeper is also an open source mobile multisig Bitcoin wallet with inheritance features, and it's available on iOS, Android, and macOS. Yeah. So I think that that's pretty much it. I'm still stuck on this, on this Embeddings, captain's log, and the the fact that captain's log is gonna be reading into the 3, the 300, or the 30,000, scale event types, because that's where sort of where that n k b I p o one and NKBIP o two kind of fit in. Those are also 30,000, level, event types. Really excited about this. And again, LeSaren or Liminal, if any of you guys are actually listening to this today, I'm just gonna formally ask for permission, to get into y'all Slack.
I'm you don't know me from Adam. So, put put all the locks on me. Make sure I can only see the shit that you wanna see, And I'll be fine with that. I ain't gonna bitch. I just somehow or another I don't even want to get into the discussion. I just want to read what's going on as it's happening because this thing is probably you know how we thought Bitcoin was important. And you know how we thought lightning was important. You know how we thought Noster was important. And after Noster, we got Chami and e cash, and, you know, that was important too. And those were those were the 4 the 4, ecosystems that were starting to collide and send off massive edge effects.
I don't think anybody like and if you look at those 4 ecosystems, when we look at ecosystems, we're essentially we're looking at ecosystems on the on the planet. Right? So for us, at our scale, 6 foot high on average is, you know, human being. We're on a on a on a sphere that sits in 3 dimensions. But for for most of our maps are in 2 d because it works, because of the scale that we're at. Right? I have a section of land. It's it's a square section of land. It's 640 acres, let's say, and I can represent that in the way that I think about it as I address that piece of land is that it's flat. But it's not flat, is it? It's part of a sphere. So, therefore, by definition, the corners of those properties are at our part they define they define the section of land as a wrapper on top of a sphere so by definition I'm not dealing with a 2 d or a 2 dimensional plot of land I'm dealing with a three-dimensional plot of land so when I say Bitcoin was important to us and it was gonna change the world and lightning was important. It's changed the world and Noster was important. It's gonna change the world and now we got e cash in the mix.
So I got 4 ecosystems and we're still looking at these on a piece of paper as 4 different networks that are starting to collide together. Now, think of it turn that paper on its side and then put Project Alexandria either on bottom or on top that is a distance away from that plane of paper, and then connect all 4 of those. The Bitcoin, Lightning Network, Nostr, and e cash, and anything else that you wanna, you know, that you think is important. And draw connection lines in your mind up to a three-dimensional point that is not on that plane, that is not on that piece of paper.
Because that's that's how we need to start thinking. We need to start thinking in 2 or in 3 dimensions rather than in 2 dimensions. Now the edge effect is in 3 dimensions, and not just where 2 edges meet. Where 3 edges meet. 4 edges, 5 edges, 12 edges, and they're all at different elevations, because now we're dealing with with with a a third dimension. Instead of just thinking about it on a flat sheet of paper, we need to start thinking about this shit and start playing three-dimensional chess. And I now that Craig Wright has poisoned all that three-dimensional chess talk, I I probably shouldn't say it that way, but we're just gonna say it that way. And I don't have anything else to say because my mind is a little bit blown right now, and I got a lot of reading to do.
And if you and if you think that I'm just bat shit crazy I actually want to hear that you think that I'm bat shit crazy, that this is just this is a nothing burger, but and tell me why. And it's not because I wanna argue with you. I I literally need, you know, my people out there to to drag me back down to earth because my mind's going a little bit into overdrive on what this can possibly mean. I'm serious. I think this turns I think that this is the link that we needed between human minds, the organic brain that sits in your skull. And that we needed a digital infrastructure to be able to link those minds together.
And that we become a human supercomputer that makes AI look like it's children on a playground figuring out how to not pull their pants down and take a wee wee over there by the slide in broad daylight with all the other parents watching. If you have children, you've you may have experienced this. And that's what I look at when I see AI. I see children. I don't see mature adults walking around with a real ability to synthesize information. Our only problem is we have been starved of quality information. I cannot impart to you how important these five things are together.
Money, Lightning, eCash, Noster, and Project Alexandria will probably change the history of humanity in ways that are going to be good. Sure. There's always gonna be an asshole out there that uses their powers for bad, but we're going to win. And I'll see you on the other side. This has been Bitcoin and and I'm your host, David Bennett. I hope you enjoyed today's episode and hope to see you again real soon. Have a great day.
Market Updates and Analysis
Closing Thoughts on Human and AI Collaboration
