FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS - BULLBITCOIN.COM
francis@nostrplebs.com
npub1t289...nkzs
Founder of BullBitcoin.com
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
Some shower thoughts, thinking about what to build on Nostr as someone who runs a centralized OTC app. When selling Bitcoin on a P2P marketplace, the seller is at high risk of these kinds of scams especially of the buyer is using a non-cash payment (paypal, bank transfer, fiat payment apps). Sellers often get super rekt by the scams mentionned above. P2P or OTC bitcoin sellers will either charges a big premium as insurance, or does their own KYC (often either ultra invasive or hopelessly inadequate). Fraudulent buyers hurt the UX of P2P marketplaces, and ironically the fraud detection tools of centralized exchanges, whether KYC or pattern analysis, would be the solution. As a seller of Bitcoin, the only thing you really need to know about the buyer is "will this guy fuck me over and will the fiat be clawed back". As a buyer, you only want to give the minimum information possible, but enough that the seller will trust you and not charge you exhorbitant fees and put you through outrageous verification processes to make sure you're not a scammer. Bull Bitcoin's low-hanging fruit value proposition for Nostr: we have sophisticated fraud detection and KYC tools with varying degrees of due dilligence. Most of our tools are minimally privacy intrusive. The end result is that we have can have an extremely high degree of certainty that a given user "is not scammer", and a high degree of certainty that a user is "likely not a scammer". Our users already obtain a kind of "trust score" internally, which basically means they are not likely to do a chargeback, are not frausters stealing someone's bank account or a con artist performing some man-in-the-middle scam. So it seems like doing NIP-05 verifications, or some variation, giving broad labels (risk score very low, risk score low) based on internal that we have would be useful for people that want to show good reputation on Nostr-based marketplaces. And we could do this well. Bull Bitcoin users that are whitelisted by us could then "port" the reputation they have with us to a P2P exchange. Then again, I really don't want to be "the KYC guy" on Nostr. I hate the fact that KYC is one of our expertise (even if a lot of what we do is minimally invasive). I also don't want to be liable for "endorsing" people that aren't scamming Bull Bitcoin, but that may scam others. I wanna do something fun on Nostr, not replicate something that sucks from legacy Fiat-Bitcoin world. But there is demand for it and we're good at it. Final thought: just because you can, and just because people want, doesn't mean you should.
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
Microsoft shutting down the Bitcoin Core Github account might be the best possible thing to ever happen to Bitcoin development.
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
I posted a 2,1 million sats bounty for adding wasabi coordinator announcements over Nostr almost 1 year ago and I think Kukks can now (or soon) claim it #[0] image
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
Friday 17th morning: tour of the Dominical Farmer's market, where you buy pretty much anything with Bitcoin. The founder of the market, and Bitcoin pioneer, a wonderful lady, will be there to give us the story. Let's meet there at 9AM. Mark your calendar. DO NOT MISS THIS. It is one of the most wonderful Bitcoin experiences you will ever have, I guarantee it.
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
Met 4 nostriches already at Envision Festival. Who else is there?
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
Gigantic croc spotted this morning at Bitcoin Jungle. Where I surf almost everyday. These magnificient fuckers are no joke. image
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
I was woken up from a nap by Orange Dragon tugging on my hamac with his claws. I then got up, came back, handfed him a banana, he thanked me by taking a dump on my porch and promptly left. I'd call this immense progress. Follow me for more ๐ŸŠ๐Ÿ‰ posts
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
No twitter for March. We doing this or what?
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
44. Billion. Dollars. ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ๐Ÿคฃ
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
Coins on twitter have no market. The demographics who like this kinda shit is old people on facebook playing farmville.
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
Confession: I created a facebook page for a late-night chinese fast food takeout booth in Montreal's party district 12 years ago and I still own and manage the page. I was not able to find the owners of the shabby kiosk since leaving Canada during the lockdown. Sidenote: never eat it, it's poison. But as a degenerate teen/yound adult it was the place to go at 4AM after a good night out. THE LEGENDARY 2$ CHOW MEIN image
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
Had a Bitcoin dream ever. American Hodl was working for Ricardo Salinas to develop a blockchain R&D departement and I was telling him how to use cyphernode API to use opentimestamps, and I was whiteboard explaining how opemtimestamps and merkle trees work. The bitcoiners working there were pissed they couldnt enter the Salinas office without showing ID.
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
Red snapper filet baked in butter with orange, passion fruit and lemon. 15 baked oysters with garlic, butter, mozarella/parmesan mix and bread crumbs. Total prep time ~10 minutes. Cook time ~15 minutes. Total cost ~80k sats give or take. Restaurants are scams. Cook at home revolution is happening. Pura Vida image
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
Do you even have an Oyster dealer? image
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
Pura Vida, just discovered that toxin release from chiropractic adjustements is a rela thing. The body is amazing and toxin release fucking sucks it feels like having the flu.
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
I'm old school I don't filter my feed by relay I just follow the right people and my homepage is people I follow. Maybe I should set up a relay that only people I follow are allowed to post to it ๐Ÿ˜…
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
Potential attacks and corruption of Bitcoin on the horizon. Maximalist blood cells activate, aggressively fight it off with persuasion and moral high ground. Attacks and corruptions seem not to take hold of the hearts and minds, diminish in intensity. "See, we never actually need the Maximalist blood cells, the attack and corruptions disappear all by themselves"
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
I've received enough zaps to afford 20 more bananas! Thank you anonymous zappers
FRANCIS - BULLBITCOIN.COM's avatar
FRANCIS 2 years ago
From a CarnivoreMD video on Instagram ๐Ÿ‘€ image
โ†‘