Oh, I’d love to see what you do with Runes + Nostr… I agree it’s good that we’ve got some momentum around wallets/explorers/etc. which open up greenfield space for more experimentation
I am particularly interested in names (bringing it up since you mentioned “domain names”). I would like to see a system where we can have a neutral global namespace where a name can point to anything (a domain, a social media handle, a payment address, etc.) and the namespace is controlled by no one.
A friend proposed that maybe a Runes of supply size of 1 might be an interesting part of a solution. While I’m not currently much down the Runes rabbit hole I’m open to learning about it if it turns out to support new ideas/applications which I otherwise see value in
Yeah, they are already doing domain names, but I dont particularly like it. I think we can do a proper version on bitcoin and nostr with our own runes fork:
https://geniidata.com/ordinals/home?ref=RINSPZ
Hmmm... I can’t quite tell what this does.
Are you particularly interested in the names idea? Is that something you’re actively pursuing?
Example of a domain, but again I need to learn what it all means:
https://geniidata.com/ordinals/inscription/e2731695bd3be1117cd91774cb7a3455411fa8a25d9231512794bafc6ac189c8i0?ref=RINSPZ
I can’t quite tell what’s going on here… how can you tell it’s about names? Is there any writeup about what the authors have in mind?
Quite hard to find definitive documentation but I've been studying it the last week, with a view to rewrite the good parts. I'll let you know when I find out more.
But I assume it's the basic UTXO model:
1. UTXO allows you to create or mint a name
2. If two are minted, the first one wins
3. Indexers follow the chain and create an API according to the rules
4. UTXOs can be bought and sold on a market
Note: that because bitcoin taproot and nostr npubs are the same keys, then the ownership rights and trading extend equally to both systems.