vinney...axkl's avatar vinney...axkl
I'm nearly done with a web application that implements the Bounties/Lightning Escrows covered in this NIP. When it's finished, I'll post a link for any maniacs who want to test it (I say "test", but I'm not stopping you from creating real bounties). This really feels like it has legs.... View quoted note →
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A nostr-based peer to peer exchange is entirely possible. Might even be able to sort of get a hacky version of that out of my forthcoming project - Patron: "I want to buy sats for fiat, I have a credit card" - Arbiter/Escrow: "okay, I have a credit card processing app, I'll take your dollars and hold them" (maybe the Arbiter runs some ecash mints that make these kinds of swaps trivial) - Free Agent: "I'll sell some sats for that much fiat" (zaps this amount to Arbiter) - Arbiter checks everything, zaps the Patron, coordinates payment with the Free Agent, takes his small fee Of course this may be highly risky / illegal in a bunch of ways, and there are good reasons systems like RoboSats exist... But the basic, dangerous-mode mechanism could be easily supported by Nostr, and almost is already
I just would like to be able to create an issue that is a nostr event, and people could add the intention to pay some sats when these be merged. If people that promised to pay, do not pay, this information could be public and this profile will have a bad reputation, as someone that does not fulfill its promises.
This is really cool, exactly the kind of thing "only Nostr" can do. My first glance question is: Isn't this an ideal application for multisignature Bitcoin? This is basically a 2-of-3 transaction between buyer, seller and arbiter. Also is "Kind 3400" already in the protocol or something you came up with? Are / should transactions be linked to these Nostr events directly in some way?