Damus
waxwing · 13w
Against decentralization? Not sure why; you choose to use specific relays already, right. If pay is cheap and low friction, don't see a problem there. (Re: Utxo ownership, it can be snapshot based an...
ThomasV profile picture
Re centralization: If you choose to pay relay A and not relay B, then why would relay B accept your posts? I am assuming they would not; otherwise, relay A can easily spam relay B (if relays compete for payments, then they have an incentive to take down competition, and spam is a way to achieve that).
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waxwing · 13w
Hmm, an interesting perspective. First, to be clear, most of these proposals are "self-verifying" so to speak, so the question doesn't arise (i.e. proof of burn, proof of work and aut-ct). Specifically for a payment though, like ecash, I imagined it as "user has N entry point relays, relays talk to ...
Bugtus · 1w
How about backing Nostr events (or pubkeys) with timelocked fidelity bonds as an alternative/addition to proof-of-burn? This seems to mitigate the perverse incentive you mention at the end of your paper: > "Interestingly, this proposal creates an incentive for Bitcoin miners to spam unprotected No...