All the infighting a hissy-fit-throwing in bitcoin these days is nauseating. It stinks of 2015 in the worst possible way.
Check out DOMP in Vlad Costea’s newest magazine. And see it online at his website:
https://bitcoin-takeover.com/domp/ nostr:note1fy62tdlxqpjeanwklqyl7703j83fn9us0ue2kyj39w2nxue4d39s0tngjx
Reposting this now that the full proposal is posted online. There was an issue before and it wasn’t showing up in full at the link. nostr:note1my9mqf2lgkup0dx40w5yt7y5prwh3xt8vgvr9av88yge6a76zwequwrt6k
Introducing the Decentralized Online Marketplace Protocol (DOMP)
I am presenting the Decentralized Online Marketplace Protocol (DOMP), a framework designed to facilitate secure, trustless, and transparent transactions in decentralized online marketplaces. DOMP leverages Bitcoin, the Lightning Network, and the Nostr protocol to eliminate intermediaries and enhance user trust through specific mechanisms.
DOMP incorporates a dual-collateral system, a reputation framework, and an optional arbitration process. It defines specific event types to structure interactions, facilitating secure fund management and mitigating fraud risks without relying on third-party escrow services. The escrow mechanism is established through cryptographic proofs and mutual agreements at the protocol level.
Key Features
• Trustless Transactions: Establishes an escrow mechanism using cryptographic proofs and mutual agreements directly within the protocol.
• Reputation System: Implements a minimal framework that allows users to set acceptable collateral levels based on trust.
• Anti-Spam Measures: Enables relays to set individual anti-spam policies based on network conditions.
• Secure Escrow Mechanism: Manages funds through defined event types and workflows without third-party custody.
• Optional Arbitration: Provides options for mutually agreed-upon third-party arbitration without compromising decentralization.
DOMP aims to be a maximally decentralized protocol upon which others can build platforms. It is not intended to replace platforms like Amazon and eBay but to supplement them where centralized structures fail.
Full Proposal
See the full proposal here:
https://bitcoin-takeover.com/domp/
Note: Bitcoin Takeover is not directly involved with the project but has kindly published the full proposal on their website and included an article about DOMP in their newest magazine, which can be found here:
https://bitcoin-takeover.com/privacymag/
If you are inclined, please support them by donating to their cause.
Contributions to the development and implementation of DOMP are essential for creating a first implementation. Please reach out on Nostr if you have questions or wish to contribute to DOMP’s development.
• Nostr Handle:
@Fromperdomp
• Public Key: nostr:npub19n4ecg8l4l3fxe0muam78zth0hudt3l64fgezz20hyahcwq42sss587dtv
nostr:npub1zafcms4xya5ap9zr7xxr0jlrtrattwlesytn2s42030lzu0dwlzqpd26k5 i have not. I have heard of Mostro and Civkit recently though.
Introducing the Decentralized Online Marketplace Protocol (DOMP)
I am presenting the Decentralized Online Marketplace Protocol (DOMP), a framework designed to facilitate secure, trustless, and transparent transactions in decentralized online marketplaces. DOMP leverages Bitcoin, the Lightning Network, and the Nostr protocol to eliminate intermediaries and enhance user trust through specific mechanisms.
DOMP incorporates a dual-collateral system, a reputation framework, and an optional arbitration process. It defines specific event types to structure interactions, facilitating secure fund management and mitigating fraud risks without relying on third-party escrow services. The escrow mechanism is established through cryptographic proofs and mutual agreements at the protocol level.
Key Features
• Trustless Transactions: Establishes an escrow mechanism using cryptographic proofs and mutual agreements directly within the protocol.
• Reputation System: Implements a minimal framework that allows users to set acceptable collateral levels based on trust.
• Anti-Spam Measures: Enables relays to set individual anti-spam policies based on network conditions.
• Secure Escrow Mechanism: Manages funds through defined event types and workflows without third-party custody.
• Optional Arbitration: Provides options for mutually agreed-upon third-party arbitration without compromising decentralization.
DOMP aims to be a maximally decentralized protocol upon which others can build platforms. It is not intended to replace platforms like Amazon and eBay but to supplement them where centralized structures fail.
Full Proposal
See the full proposal here:
https://bitcoin-takeover.com/domp/
Note: Bitcoin Takeover is not directly involved with the project but has kindly published the full proposal on their website and included an article about DOMP in their newest magazine, which can be found here:
https://bitcoin-takeover.com/privacymag/
If you are inclined, please support them by donating to their cause.
Contributions to the development and implementation of DOMP are essential for creating a first implementation. Please reach out on Nostr if you have questions or wish to contribute to DOMP’s development.
• Nostr Handle:
@Fromperdomp
• Public Key: nostr:npub19n4ecg8l4l3fxe0muam78zth0hudt3l64fgezz20hyahcwq42sss587dtv