We Study Billionaires - The Investor’s Podcast Network BTC111: Nostr - Decentralized Social Media and Bitcoin w/ William Casarin (Bitcoin Podcast)
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Jan 4, 2023 William Casarin, the builder of the Damus application, dives into the revolutionary Nostr protocol that enables decentralized social media without major corporate control. He discusses Nostr's simplicity and its potential evolution over the next five years. Concerns about open speech and moderation are addressed, alongside how traditional platforms might benefit from utilizing Nostr. Casarin also explains the financial ties with Bitcoin and the incentives for users to run their relays, providing a thought-provoking look at the future of online communication.
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Nostr Overview
- Nostr is a decentralized social media protocol like Twitter, but without central control.
- It addresses censorship issues by allowing users to connect to multiple relays (servers).
Nostr Protocol Simplicity
- Nostr's protocol centers around simple events or notes.
- These are sent to multiple servers (relays), increasing resilience against censorship.
Nostr Scaling
- Nostr's scalability is enhanced by not requiring every relay to store all data.
- Users can choose which relays to connect to, prioritizing specific content.