Oddbean new post about login | logout Well let me burst your bubble then: Bitcoin is not going below $30k before the end of the year. And it was always an asymmetric bet because even if I lose, I pay you in sats that are easier to replace.
Double or nothing?
You really are seeking out pain. Sure I’ll up the wager to 200k sats.
Deal
🤝
Nostr is already a decentralized p2p betting platform. No shitcoin smart contracts or trusted oracles. The bet security deposit is your social reputation and the eternal shame of losing a bet and not paying up. nostr:nevent1qqs9gu6x80c67uqmfdvde3enyqu82te5g2ykvy0hgfypshr3vdpkg6sp2emhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtmwwp6kyvfkwgc8gmpcvyenj6rgvdexzurpxqen2dfe0psksum2w94rgues0ym8gvnwx4nhqertxc68vvpkdf6xwettw9jxk734wpkqyg9d7uvs3g85je290jrew2ve0fz9mljlhxt4tln3kmm8f2fwkm6kuspsgqqqqqqs6t423q
but we seem to be behaving like degen shitcoiners 🤣
Speak for yourself, I'm using the bet as an edge against a big dump 😂
*hedge
what’s your hedge against a big pump?
The P2P part is incorrect
P2R2P?
Yes it's a relay network. Not p2p
It's p2p regarding the "betting contract" not regarding the communication network layer. That's like saying that bisq is not p2p because it communicates over tor.
The people who are building nostr said this and I believe them 🤷 "It doesn't rely on any trusted central server, hence it is resilient; it is based on cryptographic keys and signatures, so it is tamperproof; it does not rely on P2P techniques, and therefore it works."
What you read is correct, you're just applying it out of scope. Bitcoin is p2p electronic cash but the participants also don't need to communicate p2p.
I don't care about my reputation especially in Nostr.
Then people won't bother betting you if you cheat. The system works.
Exactly. This works better with nyms who have been around for a while.