is there a way to mimic a decentralized time stamping server solution like btc?

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Yes, of course

You can use BTC, use BTC layered, or roll out your own consensus system

You then use #nostr tags to create a reference

There's so many ways to do this, it isnt hard. It will happen.

NIP03?

are relays or clients currently attesting the time? or is it attested by relay & referenced by client?

Time stamp is part of event, so client