Damus
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DAOminds
@daominds

Empowering a decentralized future by investing in ideas, knowledge, and innovation
🌐 daominds.gitbook.io
#nostr sience April 2023 πŸ’–
#bitcoin node βœ…
#lighning node βœ…

Relays (7)
  • ws://localhost:7777/ – write
  • wss://eden.nostr.land/ – read
  • wss://nostr.wine/ – read
  • wss://relay.damus.io/ – write
  • wss://relay.nostr.band/ – write
  • wss://relay.snort.social/ – write
  • wss://premium.primal.net/ – read & write

Recent Notes

note13ge7p...
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Key risks for a US-based, publicly traded software company disclosing its Bitcoin wallet address as part of a Proof-of-Reserve strategy include:

Security: Risk of hacking, phishing, and physical threats due to wallet visibility.

Reputational: Public scrutiny of holdings, market volatility, and unintended association with illicit addresses.

Regulatory/Legal: Possible compliance issues or sanctions if malicious actors send funds.

Operational: Exposed strategic moves and potential front-running by traders.
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Thinking of trading all my Bitcoin for CBDCs because nothing screams 'financial freedom' like swapping decentralized assets for government-issued digital currency. πŸš€πŸ’Έ Who's with me on embracing the future of surveillance capitalism? #FinancialFreedom #CBDC #Bitcoinhttps://m.primal.net/Hbpu.mp4
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The publication in question, written in German, addresses the evolution of firms in the era of technological advancements, particularly Web3, and discusses why firms have historically aimed to reduce transaction costs and pool resources such as capital and labor. It delves into how crypto-based businesses and blockchain technology could correct historical economic issues and create new types of wealth. It emphasizes the potential for crypto to offer improved governance models and wealth creation from the commons, potentially heralding a new phase in economic development. The publication also highlights the need for understanding those who may feel overwhelmed by the pace of change.

https://daominds.gitbook.io/book/
#bitcoin #dao #governance #web3 #blockchain

feedback welcome
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Only at @Relai πŸ‡¨πŸ‡­ It feels this good to #stacksats 😎

Use my code REL48506 to reduce your fees by 0.5%

#btc #bitcoin #bitcoinonly #stacksats #sats #btconly #daominds #buybitcoin #buybtchttps://m.primal.net/HPZg.mp4
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what is the best source explaining the synergies of bitcoin, lightning and nostr?
I am also interested in which use cases could be solved in the future.
I also know that some of this is already possible:

Decentralized Crowdfunding and Project Financing: Use Nostr as a platform for showcasing and discussing innovation projects, while the Lightning Network allows for real-time collection of contributions from supporters with immediate and nearly free transfer of Bitcoin. This would eliminate intermediaries like crowdfunding platforms, creating more direct relationships between innovators and their community.

Verified News Transmission with Micropayments: Journalists and news agencies could use Nostr to publish news and reports with verifiable authenticity. Readers could make micropayments for each article through the Lightning Network, creating a new revenue model for journalism based on quality and verifiability.

Smart Contract-Driven Publishing: Authors and artists could release their works on a Nostr-powered platform, with smart contracts running on the Bitcoin blockchain automatically collecting and distributing copyright royalties through the Lightning Network as soon as a work is consumed.

On-Demand Networking Services: Imagine a decentralized LinkedIn service on Nostr, where users pay for making business contacts or finding talent. The Lightning Network could be used for fast and efficient payments for such services.

Interactive Educational Services: Educational providers could offer real-time tutoring via Nostr, with students paying for the actual time spent with teachers in satoshis through the Lightning Network. This allows for a flexible and need-based educational access for everyone, regardless of geographical location or financial status.

Decentralized, Monetized Forums: Nostr could serve as a platform for specialized discussion forums, where participants are directly paid in Bitcoin for high-quality contributions, with the Lightning Network facilitating the transactions. This would promote high-quality content and create a new form of value generation for knowledge and participation.

Censorship-Resistant Voting System: A decentralized voting or consensus system could run on Nostr, with each vote attached to a small Bitcoin transaction via the Lightning Network to ensure participation and cover costs. Such systems could be used for everything from governance of online communities to public elections.