I’m excited about ecash and I think Nostr people are intuitively more aligned.
And I’m raising an army so…
Finance is local while money is global.
Treating the decentralization of one like the other is an exercise in futility.
“The simple fact of the matter is that no entity has control over its own future, outside of the regular application of some simple rules that allow for its preservation and perpetuation.” - MP
Nostr operates from cause, not purpose.
This is why it is so strikingly reminiscent of Bitcoin.
It is a set of rules we have to adapt to but its cause makes it valuable to rally around, therefore aligning incentives.
You wrote a lot of things ignoring the fact that you explicitly rely on nyms to operate in the market.
You never interface with clients in your company? Suppliers?
You need nyms to operate in the market. That’s the only point I’m making. You can’t be anonymous.
> dont trust. verify.
That’s the entire point of a WoT :)
anonymity of your finances is one thing
you cannot operate in the world being anonymous ie. no identity because the world is based on trust (funny right)
what is there to engage with?
> tyranical lil mini dictatorships.
we already have tyranical dictatorships. Nostr is just an open standard. it opens reputation up and removes barriers to entry.
the alternative is the closed walled gardens we operate in already.
anonymity is a larp. you can’t have markets with anonymity
Ah. Absolutely, the state of Nostr decentralization must improve but that’s neither here or there.
Nostr operates from a cause and therefore has a better shot than alternatives who act out of purpose
Everyone in the world already has IDs. They are catalogued in silo’d government servers. This leads to information asymmetry which is the bane of markets.
What if your preferred incentive? That everyone operates anonymously?
Nostr is your economic memory
It will carry every information you might ever need to establish reputation on any market
It will work w/ every Bitcoin payment applications. It will leave its signature on every contract you participate in
It will change digital markets forever
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
One of the interesting observation about Boardwalk.cash I’ve shared with Bob is the idea that many users could fund a single mint and share backend costs.
This would potentially allow participants to share Lightning channels and distribute risk in an interesting way.
It’s not a federation, just multiparty funding with NWC
It’s also pretty interesting to consider that the interest from a margin long position could be user to fund the lightning channels
cc. @called 👁️⚡👁️ d
hashwars are coming
nostr:note1kgr73hn28glxzmsk760dak82hk5p2qmvxqmyrwrqyurjp0c95grqksfnsl
AHHHHHHHHHH
I’M MINTING
GM Nostr
Good evening Nostr
#becomethemint
🥜
nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg this is the ecash lobby people complain about 👆
lol what
nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg @
ALL THE MINTS EVERYWHERE ALL AT ONCE
Good evening Nostr ✌🏻
Ecash is a virus
It is the purest manifestation of money as data.
It will permeate everything.
