Why Nostr? What is Njump?
2024-08-12 21:26:06

mleku on Nostr: bitcoin uses PoW for miners, and everyone else pays fees and proves their identity ...

bitcoin uses PoW for miners, and everyone else pays fees and proves their identity with signatures

relays don't have the consensus problem, only the user spam problem
all forms of spam prevention boil down to paid access, really

bitcoin uses proof of work, and uniquely can use it because it is money, and there is only one money, and the vast graveyards of proof of work shitcoins stands testament to the there can be only one problem

proof of work is to spam-prevent the PROVIDERS of the bitcoin service

the users have to pay transaction fees, which is the spam prevention

so the same applies to nostr, except that we don't have a consensus so there is no competition for that, we just have a user spam problem

so, we just need transaction fees, and because it's a relay, and it's not just one-off service, you switch to subscription model, but the problem is

you need auth to do paid subscription model!
Author Public Key
npub1fjqqy4a93z5zsjwsfxqhc2764kvykfdyttvldkkkdera8dr78vhsmmleku