vinney on Nostr: A nostr-based peer to peer exchange is entirely possible. Might even be able to sort ...
A nostr-based peer to peer exchange is entirely possible.
Might even be able to sort of get a hacky version of that out of my forthcoming project
- Patron: "I want to buy sats for fiat, I have a credit card"
- Arbiter/Escrow: "okay, I have a credit card processing app, I'll take your dollars and hold them" (maybe the Arbiter runs some ecash mints that make these kinds of swaps trivial)
- Free Agent: "I'll sell some sats for that much fiat" (zaps this amount to Arbiter)
- Arbiter checks everything, zaps the Patron, coordinates payment with the Free Agent, takes his small fee
Of course this may be highly risky / illegal in a bunch of ways, and there are good reasons systems like RoboSats exist... But the basic, dangerous-mode mechanism could be easily supported by Nostr, and almost is already
Might even be able to sort of get a hacky version of that out of my forthcoming project
quoting nevent1q…5fueEarly repo of "Cattalax" up: https://github.com/vcavallo/catallax-ui
nevent1q…d4k3
- Patron: "I want to buy sats for fiat, I have a credit card"
- Arbiter/Escrow: "okay, I have a credit card processing app, I'll take your dollars and hold them" (maybe the Arbiter runs some ecash mints that make these kinds of swaps trivial)
- Free Agent: "I'll sell some sats for that much fiat" (zaps this amount to Arbiter)
- Arbiter checks everything, zaps the Patron, coordinates payment with the Free Agent, takes his small fee
Of course this may be highly risky / illegal in a bunch of ways, and there are good reasons systems like RoboSats exist... But the basic, dangerous-mode mechanism could be easily supported by Nostr, and almost is already