Welcome to The Bitcoin Street Journal Bitcoin Market Update, Episode 8 for Week 20, on Thursday, May 25th, 2023. Stay ahead of the government and central banks by tuning in to our daily live updates on the bitcoin market, technical analysis, price, market capitalization, and supply. Don't miss out on the latest news and trends in the world of bitcoin - subscribe to The Bitcoin Street Journal today! In today's episode, we'll cover the Nostr protocol - a global and censorship-resistant social media platform with resilient and verifiable features.
Nostr is a powerful tool with a simple, open protocol that makes global, decentralized, and censorship-resistant social media possible. To get started, all you need to do is create an account and join the thousands of others who have already made the move to Nostr.
One of the key benefits of Nostr is that it's based on a very simple and flexible event object system that uses standard elliptic-curve cryptography for keys and signing. This makes it easy to write clients and relays, which promotes software diversity and gives users more control.
Nostr is also incredibly resilient because it doesn't rely on a small number of trusted servers for moving or storing data. Instead, it assumes that relays will disappear and allows users to connect and publish to an arbitrary number of relays that they can change over time.
Another benefit of Nostr is its verifiability. Because Nostr accounts are based on public-key cryptography, it's easy to verify messages were really sent by the user in question, giving users greater confidence in the integrity of the platform.
Unlike other social media platforms, Nostr is not an app or service that you sign up for. Instead, it's an open standard upon which anyone can build. This makes it a powerful tool for creating a censorship-resistant global social network that is not controlled by any one organization or government.
Nostr fills an important need in the current landscape of social media. Platforms like Facebook and Twitter rely heavily on advertising revenue and use techniques to keep users addicted and engaged. They also decide what content to show users based on a secret algorithm that they can't inspect or change, which has led to concerns about censorship and bias.
To learn more about Nostr, there are a number of recommended resources available, including an introduction by scsibug, an article by Max Webster on why he's betting big on Nostr, and a piece by Jameson Lopp on why Nostr matters.
Additionally, there are a number of micro tools available to help users navigate and use Nostr, such as nostr.band, which indexes the entirety of Nostr and makes it searchable, and nostr.watch, which has an index and connection stats of all public relays on the internet.
Overall, Nostr is a powerful tool for creating a more open, decentralized, and censorship-resistant social media landscape. Whether you're a content creator, social media enthusiast, or just looking for a better way to connect with others online, Nostr has something to offer.
On today's episode, we explored Nostr, a revolutionary protocol for creating a censorship-resistant social media platform. Thanks for tuning in and don't forget to subscribe!
