M. Dilger on Nostr: Im just gonna make a quick statement here about cashu and nutsacks (I know very ...
Im just gonna make a quick statement here about cashu and nutsacks (I know very little, I just read some hype bullets).
I came here to empower speech. Many of you came here to empower money. I think both goals are laudable, but I am trying to avoid the liability of that second one.
Governments have crazy complex and onerous regulations around money. Any technology that touches money needs a legal team, or needs to be developed by anonymous developers (of which I am not).
Gossip client has zaps because there is no money transfer involved when creating an invoice, or in reading and displaying a receipt. And your private key does not unlock or lock any monetary balance.
I'm not sure what cashu/nutsack technology does, but based on the hype bullet points I don't think gossip can implement it.
If the government pervertedly and twistedly (as they do) begins to view nostr private keys as financial instruments or technology facilitating money transfer, then I will be forced to cease nostr development.
Also if nostr nsecs start to control money, then fiatjaf is wrong about subkeys not being necessary.
Published at
2024-07-12 23:31:55Event JSON
{
"id": "e5fff3b1b13f40e6f2b971fdb3b6021d507fb8c6d6c2a5efba405e0a609dca91",
"pubkey": "ee11a5dff40c19a555f41fe42b48f00e618c91225622ae37b6c2bb67b76c4e49",
"created_at": 1720819915,
"kind": 1,
"tags": [],
"content": "Im just gonna make a quick statement here about cashu and nutsacks (I know very little, I just read some hype bullets).\n\nI came here to empower speech. Many of you came here to empower money. I think both goals are laudable, but I am trying to avoid the liability of that second one.\n\nGovernments have crazy complex and onerous regulations around money. Any technology that touches money needs a legal team, or needs to be developed by anonymous developers (of which I am not).\n\nGossip client has zaps because there is no money transfer involved when creating an invoice, or in reading and displaying a receipt. And your private key does not unlock or lock any monetary balance.\n\nI'm not sure what cashu/nutsack technology does, but based on the hype bullet points I don't think gossip can implement it.\n\nIf the government pervertedly and twistedly (as they do) begins to view nostr private keys as financial instruments or technology facilitating money transfer, then I will be forced to cease nostr development.\n\nAlso if nostr nsecs start to control money, then fiatjaf is wrong about subkeys not being necessary.",
"sig": "3ff83598603c68df7385ccfd221a900e8cc612951cc7230c3fb4b8205cc6d58070c7653eeba5fcdab8cd1f791b3253da7ed4feeaca95e4d8bcbf19de3a36ed86"
}