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Replying to Avatar halalmoney

“A nice attribute of this model is that if someone has a really good idea for a new type of social media platform, they don’t have to worry about network effects. They can create a new experience, meaning a new client interface, connect it right into the Nostr protocol, and make it interoperable right from the start with every other Nostr user across existing clients. They can make use of the existing network effect, in a similar way that any new browser or new email provider makes use of the extensive network effect that already exists for those protocols.”

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halalmoney 2y ago

“Bitcoin is like a big decentralized spreadsheet that the world comes to an agreement on every ten minutes, using energy from miners and the rules enforced by the user-run node network as its arbiters of truth. This is an expensive process, but a valuable one that isn’t solved by other means.”

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