Nostr Web Client

But is the liability trade off worth it to them?? Centralized control also equals centralized liability - just ask Discord who is being sued currently. Nostr puts accountability and liability back into the users hands - just like Gmail can’t be sued for someone sending nefarious emails through their client. Protocols-over-platforms is better for these tech giants in a lot of ways, but especially to avoid coercion and litigation.

Pablo Xannybar 1y ago

There's also regulatory risk for handling Bitcoin payments though. They'd have to comply with various KYC laws in all the markets they operate in too. I think from their POV they'd see Bitcoin adoption as a bigger risk.

Not saying that's my belief. Just that it's a tradfi based business and that's how they will see it.

If they did implement Bitcoin it'd likely be through a centralised payment processor that could convert their commission to fiat.

Reply to this note

Please Login to reply.

Discussion

Jessica Chasteen 1y ago

I see your point. They def already hop through monetary hoops just to transact with fiat. Although they kind of have their own coin that gets exchanged for fiat when people give gifts on lives. But when you reach monetization level they have you fill out tax info like a contractor which is super interesting. I def wonder how this will shake out.