We must make direct P2P transactions outside of any third party, including "P2P exchanges," which still rely on infrastructure outside of Bitcoin, the default way to interact again. This is even more relevant in a high-fee market where we can avoid paying extra fees and markups.
It's time to form chat groups with friends and leverage local Bitcoin meetups to exchange P2P. We should also hasten the implementation of key encryption standards like NIP 87, NIP 38, etc., so that Nostr can have encrypted group chat capability.
By doing so, we can build a permissionless economy as originally intended and create a network of exchange that relies solely on the protocol.
Too many of us are using third-party apps and sites regularly. We must have a thriving local P2P economy first and foremost.
A good question to ask yourself: if every exchange, payment processor and bitcoin app went offline tomorrow, would you still be able to buy, sell and trade for bitcoin?
If not, you have some work to do over this holiday break—myself included.
prochronist
npub147…6lr8c
2023-12-23 15:10:43
Author Public Key
npub1478w8wcqdhq9utad68256d7xc2gjcek03t99sr6qnmh5drzr4e8sl6lr8cSeen on
wss://relay.damus.ioPublished at
2023-12-23 15:10:43Event JSON
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"tags": [],
"content": "We must make direct P2P transactions outside of any third party, including \"P2P exchanges,\" which still rely on infrastructure outside of Bitcoin, the default way to interact again. This is even more relevant in a high-fee market where we can avoid paying extra fees and markups.\n\nIt's time to form chat groups with friends and leverage local Bitcoin meetups to exchange P2P. We should also hasten the implementation of key encryption standards like NIP 87, NIP 38, etc., so that Nostr can have encrypted group chat capability.\n\nBy doing so, we can build a permissionless economy as originally intended and create a network of exchange that relies solely on the protocol.\n\nToo many of us are using third-party apps and sites regularly. We must have a thriving local P2P economy first and foremost.\n\nA good question to ask yourself: if every exchange, payment processor and bitcoin app went offline tomorrow, would you still be able to buy, sell and trade for bitcoin? \n\nIf not, you have some work to do over this holiday break—myself included.",
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}