Thanks to the implementation of sublinear staking, the #Idena network finally got rid of the human farms. This means that currently the network runs a set of validators (153 as of now) that are all unique humans and all have equal voting power (for block production, verification and oracles). This demonstrates a level of decentralization that is not seen in classic Proof-of-Stake or Proof-of-Work #blockchain. At current price, $3,600 worth of #iDNA is distributed monthly to the network participants (420 as of now). Those rewards are distributed based on the participants’ stake amount in a way that small stakers earn less than high stakers but benefit from a higher APY. This mechanism prevents the coins supply from being concentrated in the hands of whales over time. Overall #ProofOfPersonhood is a novel and promising approach that is showing some success. Something worth looking into if you are a decentralization maxi. #Crypto #IdenaNetwork

Now maybe this take is from a technical point of view and we should rather see the censorship resistance being maintained by a diversity of clients. Some clients may choose to censor some content and if you don’t like it, you can switch to a client with better practices without losing your followers and content. The risk being that centralization may still occur over time although new clients could always emerge. That said, I had heard issues from switching from Primal to another client where some content is lost. If that’s the case, this is not compatible with censorship resistance.

I think they use a proxy central server rather than pinging relays.

It’s possible, but I haven’t tried it. My understanding is that Primal makes significant tradeoffs on censorship resistance. Maybe those are acceptable or maybe they could undermine a fundamental property of Nostr, I’m not sure. I think #nostr has the potential to grow because social media censorship isn’t going away but long term, it also needs to offer a content discovery experience closely on par with centralized services.

The number of active users on #nostr has been dropping for the past six months. IMO, a big factor for this drop is the lack of algo to prioritize and personalize high value content. Without content prioritization, content creators can’t make it to this game unless they regularly post new content which has the perverse effect to flood users’ timeline with less valuable content. I don’t know how technically feasible it is for Nostr to implement content prioritization algos (it doesn’t seem so straightforward) but I’m afraid that without this feature, Nostr growth is doomed.

#Bitcoin price forecast update: Below are the two paths for #BTC that I see as the most likely. Path 1: The typical 4-year cycle. This path would send Bitcoin to around $135k in the next weeks/months and would be followed by about 200 days of sideway consolidation. A final leg up to around $150k in around May 2026 would mark the top for this bull cycle. Path 2: The extended supercycle. This path would send Bitcoin upward to around $220k by the mid-year next year. This move would be follow by close to 400-500 days of sideway consolidation. A final leg up to around $250k in 2028 would mark the top for this bull cycle. The key area to watch for is the resistance line (white line) drawn from the tops of the current cycle. Reaction at this inflection point is likely to determine which path Bitcoin will take. If Bitcoin fails to break above on the next leg up, then path 2 will be favored. If it convincingly breaks above then, the supercycle scenario will be at play. As always many alternative scenarios are possible including a deeper retracement or more consolidation in the current range before the next leg up. Those can take place and still keep the character of these two paths possible. #Trading #Tradestr

It looks like it’s still an issue. I haven’t tried to remove relays because I don’t know which followers I may lose or not. My connection isn’t the best but it’s the same setup (including connection) I’ve always had and this issue is recent.

#Bitcoin hasn’t seen a significant pullback over the weekend. The pullback may still happen next week but it’s now more likely that we trade higher without seeing a pullback. #BTC #Trading #Tradestr

There is the potential for a short term pullback here on #BTC. If it happens, we need to remain above $107k and Ideally $111K to maintain the impulsive structure. Also if $117K is breached, I’d like to see this level being quickly reclaimed for more continuation upward. #Bitcoin #Trading #Tradestr

Logically one would conclude from this statement that some of the abusers work for or control the government.