💜

#[0]

can exchange by it now?

Two questions: 1 - what is a fidelity bond? 2 - what does it mean to be a layer 2 protocol on top of nostr?

This one is in the very early stages.

👀

Shits about to get real #[0]

mainet in 2024, OMG

Very cool. Can it run over Tor?

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Naive or native?

Bookmarked!

we don't talk about that.

I'm seeing a lot of boosts and that's great. Let's all chip in some sats too if we can. Don't break yourself, but let's help Derek a little if we can. #[0]

not sure about #1, but #2 sounds like it's just using nostr relays and architecture. possibly proposing a new NIP and event kind. honestly it just seems like a very in depth NIP to me. perhaps im oversimplifying it.

Thanks - reading through the GitHub now and trying to get a better grasp of what's being described.

A fidelity bond is some locked-up funds that you lose if you do bad stuff.

im not the developer. im just sharing this new and interesting project i found.

i would assume so. you'd just need to connect to nostr relays that are operating over tor.

Who is though?

you're welcome. as im reading through the XIPs, im actually really impressed thus far.

Interesting point. I’d have to forgo my preference for Damus I guess haha

#[1]​ How do you think this compares to CivKit by #[2]​ ? It seems like marketplaces built on top of #bitcoin and #nostr are all the rage these days 😅

This is they guy making it and which should be getting #zaps #[2]

1. Think of it like a deposit you make when entering into a trade with stranger having no trusted third party. The deposit gets returned to you if you don’t cheat or break pre-listed trading rules, and all or a portion of the deposit gets taken away if you cheat or break trading rules. Bisq had been using fidelity bonds in its trades for many years. The model had proven to work. 2. Correct me if I’m wrong, but from what I read, it seems the protocol wants to exist on top of the nostr layer without requiring NIPs or big changes to nostr protocol. Like how http or ftp is built on top of tcp/ip.

Projects and businesses come and go, protocols are what stay year after year. It makes sense to build a flexible, adaptable, decentralized marketplace protocol instead of a rigid app. Build a protocol, release it, open source it, and let the world’s imagination build on top of it. This is exactly what nostr is doing and why nostr is moving so fast and so successful. If Cory’s thesis of needing to win “the race to avoid the war” is true, we need a LOT more bitcoin adoption. If governments are hostile towards bitcoin, which seems to be the stance many governments are taking, one way to choke off bitcoin adoption is to cut off the on ramps to bitcoin. KYC exchanges are today’s biggest on ramps. Being centralized businesses, KYC exchanges are easily captured. Not to mention when captured, the user’s personal information collected by KYC exchanges will naturally be capture by governments. If you have coins from KYC exchanges, consider them known to the government. I have been using non-KYC exchanges for a bit over a year, mainly on Bisq and Robosats. One issue I see with these exchanges are that they are not necessarily newbie friendly. Another issue is that they all seem to have low liquidity, especially smaller currency pairs outside of USD and Euro. If a decentralized marketplace protocol is built, competing clients can coexist, providing different user interfaces and user experiences; at the same time, sharing the same larger liquidity pool. Therefore, I agree it is an excellent idea to build out a decentralized protocol to on board people to bitcoin. One that does not require KYC and cannot be captured by governments. One that has competing clients, competing for better user interface and user experience, but shares one universal protocol, shares one worldwide order book. If this can be built, it would definitely give us a boost to “the race to avoid the war.”

Esiste anche #[2] per acquistare #bitcoin su #nostr no-kyc 🤙

🧡🧡🧡

The problem with peer-to-peer exchanges is you have no idea who you are dealing with and that is a huge risk. Let me explain: you think nothing of buying $1000 of bitcoin from some anon. A month later the FBI is knocking on your door because your bank account made a transaction to a known human trafficker. Oh S*|+! I thought I was just buying some no KYC sats. FBI, “tell that to the judge.” Is there a solution to this problem that I don’t know about?

Thanks for the details :-)

Thanks. But not bothering with Zaps until there’s a better non-custodial way of doing so.

Mixed feelings about bitcoin to fiat exchange. The fiat systems involving cards are already KYC so.....why? Only in-person exchange or Bitcoin-lightning payments like V4V can be truly private. Am I missing something else? #[0]

Use cash.

Do you need help? I am a rust engineer. I have experience at nostr protocol (in rust). I am writing my own client and relayer. Cheers,

GM 🧡⚡ Doing to dive into this today, looks very interesting! #[0]

GM🐶🐾🫡☕️🫂

Good morning !

💪

👋

👍👊

So I zapped you because I want to see a review! But my default is super low so I wanted to zap again. But I can’t do multiple zaps?

Can’t mail cash. If done in person, is it really using a P2P exchange or just a messaging app?

Apparently, it’s Naive.

GitHub

Project title · Issue #4 · nobu-maeda/n3xb

Is it supposed to be 'native nostr' or 'naive nostr'?

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came here to say this.

Ça devient quand même le feu #Nostr ! Imagine une oalce d'échange décentralisée directement par message... Le bon coin décentralisé 🤣 #[0]

LFG 🚀🚀🚀 #[0]

Followed 🫂 and zapped ⚡ 🤙

This reminded me of Ross Ulbricht 😢