Nostr Web Client

It has been tried multiple times and has always failed. It’s incredibly complex to implement! Particularly the question of how to protect BOTH renters & hosts in a decentralized market is a tricky question.

Reputation systems are vulnerable to Sybil/spam attacks and some kind of proof-of-work or witness/oracle system would be required.

And even if these problems could be solved (they can but that’s another story) how do you bootstrap? When #airbnb started they were the first, without competition, but now you would need to convince users to switch away from Airbnb and the argument “crypto” is not enough. In fact, it could scare users away!!

Ideas like yours are typical: Easy said, but NOT easy done!!!

BeOG 2y ago

Well Stated

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Discussion

Botmaster General 2y ago

Wow! Thanks for the zap! That was unexpected, super appreciated!!

Just some clarification: a year or so ago I spent some time looking deeper into this question (in the context of sports betting) It comes down to two problems. As mentioned before, one technical and one social.

A) The Oracle problem: the same way you would feed real world events into a decentralized system. At the core of this system is a combination of Shamir Secret Sharing together with on-chain RSA. The RSA must be performed ON-CHAIN, contract-side and can NOT be done by individual clients. To my knowledge no blockchain supports this feature yet.

B) How to acquire users, and ensure they STAY after the hype has died off? Honestly, idk… 🤷

BeOG 2y ago

I value the feed back. I am always interested in knowing more from others and their longer thoughts. Much appreciated