frozear on nostr

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code monkey · 132w

I like this idea, and hadn't thought of it. What would happen to the physical note though when the amount finally is settled on-chain? At some point this needs to happen, and the note no longer has va...

frozear @frozear 1691630442

The note issuer holds nearly equivalent value in a BTC address. I say nearly because they need to take a very very small percentage for the service.

frozear · 132w

... or they could charge a very small fee at the time of issuance or redeeming.

code monkey · 132w

I meant to tag you in my main post this inspired, still figuring out mobile Nostr clients. I understand the issuer holds the on-chain funds, but what I had visualised was notes that can be easily proven to be worth what is printed on them. So using time-locked transactions, and possibly multisig, ...