Oddbean new post about | logout
▲ ▼
SimplifiedPrivacy.com Podcast | 10 days ago (raw) | root | parent | reply | flag 
 it's a binding smart contract is the reason they did it.  you're not trusting the gateway, it's the opposite, because it's binding, the payment is post-service.  you can swap it on permaswap, wAR.  Yeah i agree it would be easier if the on-board was better
▲ ▼
au9913 | 10 days ago (raw) | root | parent | reply | flag 
 Couldn't they have done something like how liquid works and had the token pegged to bitcoin? 

And aren't you trusting that the gateway doesn't do anything with your ip?
▲ ▼
SimplifiedPrivacy.com Podcast | 9 days ago (raw) | root | parent | reply | flag 
 They could peg to bitcoin if they had bitcoin reserves, and had a means of enforcing the peg in a decentralized way, which I'd have to research.  Liquid is centralized.

You're trusting the gateway to see the IP in the same way you trust Nostr relays or websites
▲ ▼
au9913 | 9 days ago (raw) | root | parent | reply | flag 
 Right, so same amount of trust there for blossom.
▲ ▼
SimplifiedPrivacy.com Podcast | 8 days ago (raw) | root | parent | reply | flag +1 
 yes, the same amount of trust on seeing your IP

but not on the payment.  Arweave is programmed to pay out after service.  Blossom is 100% trust

Also with Blossom, you're directly dealing with individuals.  With Arweave, you got the whole protocol, and the server you interact with is an irrelevant commodity.