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The Bitcoin Street Journal Bitcoin Market Update Episode 24 Week 23

Author
The Bitcoin CEO
Published
Wed 14 Jun 2023
Episode Link
https://rss.com/podcasts/thebitcoinstreetjournal/997418

The Bitcoin Street Journal Bitcoin Market Update Episode 24 Week 23Welcome to The Bitcoin Street Journal, your daily source for live market updates, technical analysis, and breaking news regarding Bitcoin. Stay up-to-date with the latest Bitcoin trends, market capitalization and supply, as well as financial and economic news by subscribing to our podcast. The daily diary of the bitcoin dream. Join us on the journey through the world of Bitcoin and its impact on our daily lives. In today's episode, we'll cover the basics of the Nostr protocol, including how to create an account, use clients to access the protocol, follow friends, and browse content. We'll also discuss the use of NIPs and relays, and offer tips on using specific clients like Coracle and Damus. Finally, we'll talk about how to contribute to the success of Nostr.Have you ever wanted a truly global and censor-resistant social network? Well, that's where Nostr comes in. Nostr is a simple and open protocol that enables just that. It's a decentralized social network created to empower users and allow them to connect directly without relying on a central authority. So, how can you get started on Nostr? It's simple. Create an account and join thousands of others who are already on the network. Once you're in, you'll be able to see what makes the protocol so special. The Nostr protocol is based on flexible event objects that use standard elliptic-curve cryptography for keys and signing. By relying only on websockets connections from clients to relays, it promotes software diversity and makes it easy to write clients and relays.One of the essential features that make Nostr unique is that it is resilient. Nostr doesn't rely on a small number of trusted servers for moving or storing data. This means that the protocol is very resilient to censorship or any other kind of interference. Users can connect and publish to an arbitrary number of relays that they can change over time.Another key aspect of Nostr is that it's verifiable. Every Nostr account is based on public-key cryptography. This feature makes it easy to verify that the messages were actually sent by the user in question.But why do we need Nostr? Our current social media systems are fundamentally broken. They rely on using user's attention to sell ads and bizarre techniques to keep people addicted. These systems also decide what content to show you based on a secret algorithm that you can't inspect or change. And unfortunately, they also have complete control over who can participate and who is censored. The good news is that there are resources out there to help you learn more about Nostr and how you can use it. There are different clients (apps) you can use for the web, iOS, Android, or Desktop, whatever suits your needs best. There are also contributions you can make to help develop the Nostr protocol or relay implementation. So, are you ready to become part of this exciting decentralized social network revolution? Check out the recommended external content and micro-tools that can help you navigate and use Nostr. The possibilities are endless, and the benefits are significant.Today we're talking about how to get started with Nostr, and I'm here to guide you through the process! When you create a Nostr account, it's based on a public/private key pair. Your public key is basically your username, and your private key acts as your password - but with one major difference: if you lose your private key, it can't be reset. So be sure to store it in a safe place, like a password manager.Now, Nostr itself is just a protocol - a set of rules for passing messages around on the internet. To access this protocol, you'll need a client. Clients can be web-based, desktop-based, or even on your mobile device. They help you fetch data from relays, as well as generate new data and share it with others.

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