Why Nostr? What is Njump?
2023-11-27 09:28:10
in reply to

Carlos on Nostr: Or pay for PoW from mobile, for any event: ...

Or pay for PoW from mobile, for any event:
Looking for testers or feedback on PoW WoW.

It's a protocol to buy PoW for any notes, or to sell hashrate.

The idea is: clients can start "shopping" for PoW for any event they create. They say how much PoW they want, how fast, and how much they're willing to pay. Providers mine the PoW and send it over together with an invoice. The PoW is packaged in such a way that it's only usable after the invoice is paid (e.g. the preimage is known). Long story short, after the client pays, they can "open" (unblind) the PoW, add it to their event, and broadcast it right away.

To see it in action:

For details see https://oak-node.net/book/powwow/

Any feedback or questions, let me know! Thanks.

#pow #askstr

Yes scammers have botnets, but they'll only use them when it's economically viable. But if it's economically viable to mine PoW for spam, then:

1) it's also profitable for honest miners to sell PoW (e.g. in a marketplace), because there is now economic demand for PoW

2) relays can add a number of cheap defenses that makes spamming exponentially more difficult, even for spammers with botnets: for example, AUTH with PoW (one time per session), then post without PoW
Author Public Key
npub1zg69v7z7u7q4w5wzsqzwdnh58x8py4hef2fm750eqqvw9zkvh76q4yjdwv