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This is a thread for random discussions that gets posted everyday at 5am central.
Tell us what you're doing today, ask questions, or vent about your life. Whatever you want, let it rip!
Happy to be back on SN. Happy to see everyone. I'm looking for a cold wallet. I was looking and can't decide. My cousin made his own and I wanna see if he can teach me. Assuming that would be cheaper than buying one. Gonna ask him soon how much he spent.
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I'm new here and I am blown away by how SN works. This is amazing. Excited for the future of LN!
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Does anyone know how my employer based in the US can go about compensating me (based abroad) in BTC for my services? What would be involved on his end in terms of paperwork/declarations? Is there a No-KYC service that allows for this in an easy way? Thanks!
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There are a number of ways to be paid as a freelancer / remote employee / vendor where you receive bitcoin.
  • BitWage (employer mode)
  • BitWage (gig worker mode)
  • Deel
  • Pay Me In Bitcoin (via Strike)
  • Hedge
  • OnJuno
  • Gilded.Finance
  • Get Paid In Bitcoin (Australia only)
  • BaseNode.io
Source: https://cointastical.medium.com/freelancing-platforms-which-pay-in-bitcoin-e38be56166df (under the Getting Paid In Bitcoin (Wages-to-Bitcoin / Bitcoin Payroll) section)
All of those, which use the banking networks, require you to provide identity / KYC though.
The only KYC-Free method would be to get your employer to do the conversion on their end and send payment to you in bitcoin. There are invoicing tools for that if you want, like Blockonomics, BTCPayServer, SatSale, etc.
This is one of the areas where prepaid gift cards (e.g., Amazon, prepaid VISA/MC) have been used as a substitute for use of the banking networks, as the virtual card's code can be transferred directly to the freelancer / remote staff, regardless of their location. But converting prepaid gift card into bitcoin via P2P trading platforms is expensive, due to many of the cards traded being either fraudulently acquired, or where the seller spends the funds before the buyer redeems the card. The high price lets the practice continue, at a profit to the buyer, even with a relatively high rate of fraud occurring.
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Thanks for the write up, will look into those services as well as the no-kyc option. Cheers!
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16 sats \ 1 reply \ @gmd 3 May 2022
honestly why not just accept fiat and buy more BTC? Would most likely be an unnecessary headache for your employer.
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Well mainly so I don't have to KYC with an exchange to buy it, as well as missing out on low BTC prices due to how long an international fiat transfer can take. But you're right, it seems like it would be a huge headache for my employer, sucks that there isn't a service out there that can simplify this (or maybe there is but not come across).
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We are earning some solid sats lately... It's getting into high hundreds per day :)
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21 sats \ 1 reply \ @gmd 3 May 2022
It's a ridiculous amount of sats actually. ~jobs board really filling out.
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I'll have to raise my defaults soon :D
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Yesterday, 1,055 unique visitors:
That's just 15 shy of breaking the single-day record (which was set April 13th, and the ATH for a day in which there was no AMA).
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Should we normalize a way of indicating that when someone posts a link to an article or video and they are the creator of it somehow? Maybe a little logo? I'd wanna tip more than when someone posts someone else's work. Sometimes I just know from the username, but not always.
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Agreed.
I think it's an inheritance from the Hacker News inspiration. Hacker news has an ugly way of displaying posts/links as well.
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I'd suggest folks try different things using comments and post content and see what works. If something works well, then it can be promoted to become first class feature...
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I was wondering what would it take for other LN wallets to support stacker news, for example breez as v4v podcasting support, would be cool if people could enable the RSS feed and use their wallet as an interface to SN
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I was talking to Roy at Breez about this. We have a GH issue for it. I got halfway through the process of doing it ... they require me to pass a JWT (auth token) via API and with the way I generate these currently it makes this very hard to do.
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Potential Idea to Kick the Tires on: An "upvote everything except this post/comment button/feature".
I don't want to censor people. But I do have the urge to signal to others that a specific piece of content is so low-signal/high-noise/unhelpful that pretty much everything else on the site is likely more valuable.
It's a worse than the average post signal.
I'm not exactly sure how the UI for this would work. But I imagine it's a button around a specific post, that somehow has context of all the surrounding/recent content, and just routes sats accordingly with some multiplier.
We we're also looking for a way for money to flow around the site more. This would do that, I think.
Probably controversial, but if SN is a protocol, there is nothing stopping me from manualy doing this right now.
Eg. there are 21 posts on the front-page right now. I want a button that says "Give everything else except this specific post, 10 sats".
Similar idea: "Upvote everything in my current view that has lower votes than this one". Similar effect, but more potent.
Or maybe I'm evil. I dunno.
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The sort of simple implementation of this is to have a "i don't like this" button and you have to pay at least 100 sats for clicking that button. And the sats go to the fund that's sent to everyone daily :)
Or are you thinking about something else?
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the sats go to the fund that's sent to everyone daily
This doesn't align incentives.
If you want to stick to two principles:
  1. Voting related sats flows to the content creators/posters
  2. No censorship
...then there is no room for a downvote button.
The 100-sats would mean that SN is selling downvotes. That's weird, imho.
I don't really like the idea of a rich person silencing some people and rewarding passive users of the site.
I do really like the idea of a rich person rewarding the good content posters.
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I'm open to alternative ideas and like your idea directionally even though it doesn't really work entirely.
I don't really like the idea of a rich person silencing some people and rewarding passive users of the site.
Passive users aren't rewarded really - they had to at least contribute some value at one time. I'm going back to work on the trust algorithm soon and this will be one reason why - I think I definitely over-reward people who weren't super active recently.
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This is a really interesting concept. It kind of fails if there's more than 1 bad thing though.
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Yah, if there is multiple bad things...it does break down.
One way around that would be multiplication instead of linear addition.
You could say "Spread 1000 sats over the top-content, proportional to their exiting votes". It would kindof be a form of amplifying the existing wisdom of the crowd. Hopefully, the "other bad things", wouldn't have very much to multiply.
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I kind of like the idea of that, only because it makes downvoting more expensive than upvoting.
Adding sats to all other posts on the same level, that don't have more stats than the comment you really don't like, until they are 1 sat above, leaving the unliked comment at the bottom, would be the way to do it.
But then what happens if you strongly dislike multiple comments on the same level? Gets even more tricky, doesn't it? Probably for the best that this is something you just get to do manually. :)
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What do you think of heavily discounting your service/product if they pay in bitcoin?
I'm thinking half price. It gives the customer a great price whilst getting their feet wet in the bitcoin blackhole.
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If you sell product with a gross margin of 15%, then you lose money giving more than maybe a 10% discount. If you are a freelancer, for example, you might still do fine giving a 40% or whatever discount if the client pays in bitcoin.
But not for every sale and forever, but as maybe a door opener.
Normal discount for bitcoin of 3% (around what fees exist for accepting credit / debit cards) or 5% even, might give customers incentive to pay in bitcoin.
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If you still have bills in fiat, it would depend on your margin, service businesses maybe you can skimp on the labour costs, but I don't see why you can't just price in processing fees and reduce fees by that amount so you get the same income you just not passing on your banking fees to the bank
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Just raise prices for fiat. You'll just help inflation move along faster. You can also run it as a promo for first time customers only, if that makes sense for your business.
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