Thread - Nostr Hypermedia

Vitor Pamplona _@vitorpamplona.com 1 year ago

The fact that Bitcoin needs a single chain of blocks is a centralizing factor in itself. Nostr is much more decentralized because it doesnt need a chain. We can have transactions everywhere. There is no need for consensus. Nostr wouldnt work for a global ledger but it does work for most other applications.

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Replies (3)

frphank 1 year ago

Uh oh next thing you say we don't need a global ledger either and then where is bitcoin.

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Vitor Pamplona _@vitorpamplona.com 1 year ago

Have you heard about a global Cashu ledger? ;)

1 replies ↓

frphank 1 year ago

Just googled it, a bitcoin derivative. So there is bitcoin but it's hidden a bit. An attempt to hide bitcoin's Achilles heel, the global ledger? Banks in my town create fiat money by lending it into existence and keep a ledger who in my town has what balance. There are several banks to choose from. Decentralization in the real world.