Nostr Web Client

BitGo had 64B USD in assets under custody. BitGo is the biggest custodians for exchanges and "wallets" but also custodied BTC for El Salvador for example.

All BTC backing "wrapped BTC" are also held by BitGo. That is 162.000 BTC.

That is a lot but many believe, BlackRock and others would overtake BitGo quickly if spot ETFs were approved. Or would BlackRock custody with BitGo?

Ivo 2y ago

No

Replying to

Louis

“They paid you enough to kill your dream.”

Ivo 2y ago

True, happened to me as well

Ivo 2y ago

BRIC’s R5 is around the corner. It will weaken the dollar ->>> stack sats now !

You will thank me later

Replying to

Cyph3rp9nk

Nostr

The only thing that worries me about Nostr is the sustainability of the relays, let's face it, people don't pay to post shit.

If the community is reduced to paid relays it will be a very very small community, a niche community.

Possible options:

- 4chan style relays, everything is deleted after a few hours, although this does not free you from the network traffic generated, although the most expensive is probably the storage.

- Each client can be his own relay, only storing his own events and the rest of the clients can consult it through NIP-65, although this option is not very viable for people who have many followers and less in a mobile client that should be somehow always active.

- Some p2p type implementation, although this changes the Nostr protocol completely and I do not think it is ideal. I was working for a while trying to create an IPFS api that would be easy to integrate in Nostr clients to share photos and videos, but I discarded it because of the high use of resources and it is totally inconceivable in a mobile device, even in a pc IPFS tends to hang conventional routers, IPFS sucks.

Ideas?

Ivo 2y ago

You are right, but I will there will enough people who will run relays on their costs to support the system, Bitcoin maxis early investors, etc.

Replying to