Show thread history
vinney | opfn.co
2d ago
Like I lock 10k sats to @dread . he _can_ spend them, but he doesn't. My locking demonstrates my trust in him, his refusal to spend them demonstrates that my trust isn't misplaced.
And I can repeat this with whoever else I want (including nostr:npubs that represent collective entities).
Maybe kinda pointless, kinda neat.
And I can repeat this with whoever else I want (including nostr:npubs that represent collective entities).
Maybe kinda pointless, kinda neat.
See translation
2
2
0
0
0
Replies
Leito
@Leito
♥︎ by author
2d ago
yeah I think this is possible
See translation
0
2
0
0
0
vnprc
@vnprc
2d ago
Cool idea. I worry that people will bid up others and get rugged. How would you cap it?
See translation
2
0
0
0
0
vinney | opfn.co
@vinney | opfn.co
2d ago
No reason to bid anyone up. You just put up however much you trust that person with. It's not a contest.
See translation
1
0
0
0
0
vnprc
@vnprc
♥︎ by author
2d ago
But it will be. :)
See translation
0
2
0
0
0
vnprc
@vnprc
2d ago
Maybe it's a better idea for mints than for people.
See translation
1
0
0
0
0
vnprc
@vnprc
♥︎ by author
2d ago
Holding bank notes from other banks was common practice under free banking. They would regularly settle up.
Mints could offer those notes for sale. The mint saves on fees and it serves as a discovery mechanism for new mints.
Mints could offer those notes for sale. The mint saves on fees and it serves as a discovery mechanism for new mints.
See translation
1
2
0
0
0
dread
@dread
2d ago
seems like this could work for both mints and for people. maybe even relays too.
i think bidding up and getting rugged would be a natural growing pain as everyone interacts with this "trust marketplace" until very trusted npubs are established
i think bidding up and getting rugged would be a natural growing pain as everyone interacts with this "trust marketplace" until very trusted npubs are established
See translation
0
0
0
0
0