"everyone was looking for the next Michael Jordan on the basketball court, but he was walking up the fairwayโ€ - Phil Knight of Nike talking about the emergence of Tiger Woods it feels like there has been a lot of time and energy spent on finding the next Bitcoin, but maybe the similar philosophy, goals, technology, and energy isnt on another blockchain but a different distributed network in nostr lots of similarities with early bitcoin here. my main takeaway after attending my first nostr conference

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This social protocol was needed ! Simple, in text, open source and decentralized. Bitcoin exists ๐Ÿ™๐Ÿ”ฅ
Nostr and bitcoin share taproot as identity. That is the powerful thing, and the synergy at the intersection. The relay part shows a proof of concept, of what can be, but relays dont scale much beyond rapid prototyping. Notes and other stuff, bitcoin, taproot are all good. The intersection is hugely unexplored. There is a whole financial layer there, smart contracts, derivative, streaming sats, gamification, over and beyond anything lightning can dream of. It's an untapped gold mine, and I know you're going to figure this out!
The Bitcoin test will come when a decision between truth and profit are in conflict. Satoshi took profit out of the equation. Create a way. Give it away. Walk away with a message of ya might want to get some should be the mission statement for any one wanting to duplicate the process.
Thomas 's avatar
Thomas 1 year ago
Good point! The aspect of decentralization is certainly the same core attribute of both Nostr and #Bitcoin as far as I understand it. Another one is that of an open protocol that respects privacy.
if ligtning promotes centralizition, then how is nostr decentralized still, pandering to a centrilized L2 tech for supoossedly decentralized tipping? contradiction justaxposed ๐Ÿคฃ tipper gore devs
Suddenly the arrest of #Durov makes #nostr so much more important almost an emergency.
There could eventually be a push from major manufacturers and retailers to create their own digital assets. Similar to how gift cards/certificates currently work, or store credit, but using cryptography to digitalize the process. The main advantage for the consumer and business owner would be having the backing of the "bricks and mortar" companies, and a recourse for bad transactions.
Damon's avatar
Damon 1 year ago
What is the next step beyond relays?
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