On nostr:npub15dc33fyg3cpd9r58vlqge2hh8dy6hkkrjxkhluv2xpyfreqkmsesesyv6e at least, the transaction is currently up to the buyer and seller to finalize, so they have to trust each other. If there’s a bad actor on one end, there isn’t really a path for remediation since transactions are irreversible. WoT, public merchant and/or buyer reviews, and escrow are key to making global commerce over Nostr viable.
nostr:npub16dhgpql60vmd4mnydjut87vla23a38j689jssaqlqqlzrtqtd0kqex0nkq how does it work today? How often do rugpulls happen, and how do you prevent?
Discussion
In terms of the number of bad actors, we can’t be 100% on that, but as far as I know, intentionally fraudulent purchases and sales have been almost non-existent. As the network grows, I expect that to change, especially since the community will be less tight-knit.
Escrow also just allows a lower barrier to entry for a seller. If you have to “know somebody” to have access to thousands of customers, that’s just an unfair barrier to jump.
But if anyone can sell and a customer need only trust the escrow, that’s a much more open marketplace