🤖 ⚡️
I’m always so confused why everyone on Nostr doesn’t use robosats. Seems like Nostriches would be in favor of robosats over centralized exchanges but in reality it doesn’t seem that way. nostr:note17kgk8fnalzf79y4uzh82edc5tmqq5w8vr24g93d6mgghknjlnycqftghs4
Economic cost ? do you pay way over market, plus high fees ?
Fees are low on robosats because they use lightning
You pay real market prices because it’s P2P, which is usually about 2% higher. So you’re selling your personal identity to an exchange for a 2% discount. Seems like a bad deal to me.
doesn't affect me personally, as there is a private P2P network locally where I am, but I'm sure people are choosing the privacy trade off, to get more Bitcoin for their Fiat.
When I looked into RoboSats etc a couple of years ago, sellers were looking for 5 to 10% premium, and platform fees were high..
Not just RoboSats, but other No KYC platforms too.
The principle of these platforms is exactly right. I hope the costs are now more favourable..
It's also interesting because most Robosats coordinators are using nostr relays to store order book information now. You think people on nostr would be chuffed about that.
it is more expensive and more inconvenient. The tecnichally proficient always has troubles acknowledging how big a barrier those two things are for the non-hardcore.
But I think most ppl on Nostr are already pro bitcoin and pro freedom and at least somewhat technologically proficient, this isn’t Instagram.
you would be surprised, lots of artists and common folk around here
