And this, ladies and gentlemen, is a perfect encapsulation of....something.
Nostr is actually about what people think they represent; "Freedom, self sovereignty, Bitcoin".
It doesn't have to solve a real problem; all it has to do is make people feel good about themselves, so that they can, "identify" with it.
Meanwhile, in the real world that they're hiding from, access to Bitcoin is being made harder and harder by the EU (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023R1114&pk_keyword=Crypto%20assets&pk_content=Regulation) while they Virtue Signal and spray around tiny amounts of "Sats", the origin of which is never accounted for.
Nostr is an easy place to be and hide; you don't have to take responsibility for what you're doing (or failing to do) in the real world, and you can openly Virtue Signal in several areas simultaneously. It's crack for Virtue Signallers.
Of course, none of this has anything to do with the idea behind Nostr, which is just software. This is a "people problem", a problem of the character of some users, and obviously, this brush cannot be used to paint all Nostr users.
It's endlessly fascinating!

What if I propose to use the Nostr network to bootstrap a global decentralized P2P order book to exchange between fiat & Bitcoin? To no longer serve as a backup to centralized social media, but also as the defacto, natively decentralized and non-custodial way to onboard people to Bitcoin? Ensuring the on-ramp & off-ramps can never be closed, at least until the entire world is using Bitcoin natively in every single transactions.
Until all transactions in the world are conducted natively with Bitcoin, decentralized P2P is the best weâve got. Native Bitcoin adoption will require price stability, and we are easily a decade away from widespread Bitcoin adoption at the mom and pop merchant level.
Platforms like Vexl is good. But they are like Blue Skys and Mastodon before Nostr. We need an open protocol for decentralized exchange. Not a lot of inter-incompatible little silos of centralized P2P solutions.
In particular, Vexlâs starting screen asking for my phone number tho, is not a good sign whatsoeverâŠ
Monero has its utilities, mostly as a stop gap for privacy transactions. But it has little chance to become the worldâs store of value, medium of exchange, adefacto of account. To do so it requires a market cap and liquidity large enough such that thereâs small enough volatility to be half of all of the worldâs transactions. Its simply not happening.
Monero is the short time preference version of Bitcoin where it cannot wait for price stability and privacies properties to emerge. These properties are slow to emerge on Bitcoin because of the need to be a âsly and roundtable way to introduce something they canât stopâ. In fact, Monero is effectively slowed, if not already stopped, because its simply not sly enough. Monero is the idealistic but impossible perfect that is in the way of the practical and already working good that is Bitcoin.
Medium of exchange and privacy properties will continue to improve on Bitcoin, at a rate that will not overly alarm, and effectively penetrate the authoritarians. Only Bitcoin has a chance to truly separate money from the state and become the one defacto money for humanity.
Centralized Bitcoin exchanges are even worse.
What makes Nostr and E-cash so attractive to developers and easy to built on top of? Asking for a friend
Maybe, just maybe, he is under a different pseudonym on Nostr vs Twitter. Just maybe
Liquidity and UX are very poor unfortunately. They are like the Mastodons of P2P before Nostr existed.
Absolutely. But you can also always find a different counterparty if its a decentralized P2P platform.
I am not sure how Monero fixed bridging the global economy, which the majority still sell product and services only for fiat, into anything.
Not to mention those who held onto Monero instead of Bitcoin, has diminished in purchasing power relative terms.
Both can exist at the same time. People are free to choose. But P2P solution is currently sorely inadequate nevertheless
Just like you are not using centralized services for your social media. Donât use centralized services for your Bitcoin. Then youâll never be chain analyzed. Pay with Bitcoin. Or use P2P exchanges. Make P2P exchanges the standard
My hope goes a step further. That the orderbook of Peaches can be interoperable with that of Robosats, and with Bisq, and with HodlHodl, etc. Thatâs the idea behind n3xB. Because as it is, the liquidity of all of these individually is low. But together, it might amount to something.
Thanks! If you know anyone might be interested in a project like this, providing feedback, critique or insights. Please help spread the word.
Thanks. At this point, need to get community feedback and some indication this is a good direction if this is to be an open interoperable solution like Nostr itself. Not good at marketing and building community here unfortunatelyâŠ
Last year I posted about the n3xB project - a proposal for an open protocol to facilitate Bitcoin exchanging across a globally shared order book, hosted using Nostr.
A year later today, I got the idea a lot more fleshed out - including a Rust library implementing the protocol, along with a demo iOS/macOS application and demo videos showcasing how this can work.
Hoping to get more interest and feedback on the idea. The hope is to make this an open standard for the decentralized exchanging of Bitcoin, similar to how Nostr itself is an open standard for decentralized social media applications.
Checkout the revamped portal for the project at n3xB project at https://n3xb.io/
Skimmed this also. I donât agree with the take re: AI. But lets not get distracted from building a open protocol for a shared Bitcoin/fiat order book on Nostr~
Gave it a quick read. Interesting on thinking about every layer as an order book. Unfortunate that CivKit was used as the example of an actual âorder bookâ built on top of Nostr, as the CivKit project is completely dropped as I understand it. Not to mention that CivKit, at least to me, is very complex. While n3xB is meant to be ânaiveâ (as simple as possible), if not at least to start with.
Whether Nostr is handling too much too quickly, whether Nostr will be a success, or whether n3xB will go anywhere at all, nobody knows. The good part of an open development landscape is anyone can pick up anything and experiment with it. And only through experimentations would we know what the free market will accept and find useful.
BUIDL
Looking for feedback. And eventually someone to build the âDamusâ & âAlbyâ, etc of n3xB
Yes sir. Some update to BUIDL on n3xB.
First implementation of the n3xB protocol library completed, written in Rust.
Also an example implementation & app built on top of n3xB as a demo.
Not familiar with Dhruv Bansal. Can you give some pointers or elaborate?
