Nostr Web Client

I see a lot of Twitter coin bashing. I’m of the same opinion (obviously).

But what we cannot disregard and perhaps should even possibly consider - is the ability to off-ramp into fiat.

I don’t like it. I prefer we have a circular economy. But, if we are to get the masses onboard, the UX matters a lot. Having the ability to earn shitcoins and off-ramp into fiat is a UX advantage.

Sure, we have off-ramps too for those weird enough to use them, but it’s all high friction compared to built-in functionality.

I think if we are to expect zaps to take over the world, then we’ll have to accommodate the world with in-client on and off ramps - at least for the time being. This is likely key to mass adoption of zaps without even knowing what’s under the hood.

Don’t kill the messenger 🙏

Also, good morning! ☀️ 🤙

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Discussion

yunginter.net 2y ago

I really want someone to build a way to convert alt to zaps in just that direction, then let them smash that ⚡︎ button as much as they’d like.

Base Layer Capital 2y ago

Good points, but I’d argue that Strike is pretty low friction. Except you can’t use it in some states like NY…

HoloKat 2y ago

What we need is a service provide for fiat ramps that can be integrated into any nostr app as easily as possible.

roya ୨୧ 2y ago

I love how you put this.

CitizenPleb 2y ago

#Triggered

The Fishcake (nostr.build) 2y ago

Good morning and good point! The current friction for getting/selling BTC in some countries (looking at you, Japan) is beyond unreasonable! 🐶🐾⚡️🫂

74772a29... 2y ago

Good morning

智子⚡ 2y ago

Good morning legend #[1]

yutaro 2y ago

Ty for very impressive speech❗️

GM🌞💜

HoloKat 2y ago

Speech 😂

yutaro 2y ago

Sorry what should I call⁉️

Ah idea? Thought? My English is poor🥺🙏

HoloKat 2y ago

You’re fine :)

yutaro 2y ago

Ty💜

⚡️🌱🌙 2y ago

Twitter Coin is mostly there to pollute the message and close the delta in a juxtaposition between Twitter and a monetised social tech like nostr.

Honestly we can just ignore Twitter Coin, it’s monopoly tokens.

Don’t take the bait.

HoloKat 2y ago

I think the apps that do well are going to be those that interface with the legacy world while providing on-ramps and off-ramps to and from fiat.

⚡️🌱🌙 2y ago

Oh I agree with this 100%, but it has little or nothing to do with Twitter Coin.

Twitter Coin is a red herring, that’s my point.

I think we should lower barriers to all FX and try and offer liquidity needed for seamless flows.

StackSats.IO 2y ago

Don’t ignore it, revel in it.

People will make more in zaps than they will with Twittercoin - we’ll have a direct financial comparison now and it will be hard to ignore A/B tests where Nostr consistently wins despite being much smaller.

Shawn 2y ago

Steady lads. #[2] has mentioned Breez SDK is on the roadmap.

やトナ 2y ago

Strike already does this. Zaps are auto converted to fiat.

KP 🧡⚡️ 2y ago

This coin business is not new…airlines invented it. Bitcoin is not the comparison here — it is in its own class - the hard money. Lightning makes it fly across the universe without any intermediary or permissions. Off ramps are available now and will not be necessary in (near) future. It is a matter of time the circular economy will happen. It may be within communities and countries to begin with and expand.

HoloKat 2y ago

Not comparing. Not gonna happen as soon as you think. Our off-ramps and on-ramps are crap.

charisma_ni_zandro 2y ago

Who is Patoshi?

What are Patoshi Blocks/Extra Nonce/Patoshi Pattern?

KP 🧡⚡️ 2y ago

It is still early. After a while you don’t need that level of on-off ramps…circular will happen enough so you will not need to. Products like CashApp, etc. will come along to make it easier. It will take time and it is crappy now agreed.

HoloKat 2y ago

We need a plug and play on/off-ramp into fiat solution for zaps to take off. Otherwise it’ll be slow rolling for a long time.

🇩𝔢𝔠𝔢𝔫𝔱 🇼𝔦𝔰𝔡𝔬𝔪 2y ago

Yes. If it's competition to the fiat they'll make sure to make it more difficult.

Earnest Holden 2y ago

#[4]

Is there a bounty for a Nostr-integrated fiat ramp?

Rock 2y ago

We're working hard on this! We've got a good solution in the US, but we need to bring Cash App to many more places on earth with full on/off ramp capabilities for us to make this a reality.

HoloKat 2y ago

💜 all of the cash app teams work!

Rock 2y ago

💚

KP 🧡⚡️ 2y ago

Love it

rajwinder 2y ago

Gradually, then suddenly.

Most bitcoiners will be shocked at the suddenness.

eee8f902... 2y ago

Up until now most people have been content working on an economy of worthless likes and views, literally engaging for absolutely zero in return. For people making a living off this kind of engagement, it’s not like they’re cashing out likes either. Their off-ramp to fiat is achieved by advertising partnerships and affiliate marketing.

So, while I agree the off/on ramps need to improve, the current system isn’t easier by comparison imo.

HoloKat 2y ago

Of course they are cashing out. That’s the whole point, to earn.

eee8f902... 2y ago

Of course people are cashing out, I just mean it’s not like it’s that easy for fiat either.

My main point though is that *most people* are just using social media to interact and have never earned a cent from it, so something like nostr, with this extra thing (zaps/lighting) is just a sweet bonus.

Matthieu 2y ago

I hear the intent and you make an important point from a business perspective. I think it’s similar to the hang up that regular users have with wallets and signatures etc etc.

Has to be a streamlined process otherwise the avg user may not stay as engaged.

Great thought.