This is an automated archive made by the Lemmit Bot.

The original was posted on /r/nanocurrency by /u/Adama_Now on 2025-01-03 18:49:11+00:00.


TDLR: This is just a rant of my experience with various crypto related tech over the holidays. I think Nostr is important for Nano. Free name idea: NaNostr, Nanostr

Long time fan of Nano since the XRB/Raiblocks days blah blah we all love the tech.

I’m only a hobbyist of crypto, so I lost touch with some of the current tech and like to pop in here every so often. I had some more free time over the holidays so I spent some time trying out various crypto tech that is new to me. This was mainly the ETH Layer 2 chains, Metamask, Bitcoin Lightning Networks, and the social platform Nostr. 

ETH and Metamask

In order to do these tests, I had to get a few hundred dollars so that the gas fees didn’t melt my total amount - I forgot how awful the user experience was seeing your number go down for every transaction. The amount of chains is overwhelming. I understand that each chain has their purpose and this will all be under the hood at some point, but it is still overwhelming even as someone who follows this stuff. Even with layer 2 speed, I still hate seeing 1 unit turn into .999999. Metamask feels clunky and glitched out a few times and I had 0 in my account, and returned a full day later.

Bitcoin and Lightning Network

One of the interesting things is that the new wallets have Satoshis as an option or by default. Interesting cultural shift since the last time I checked different btc wallets. The lightning wallets and their set up can be annoying and confusing. Some LN do not operate with older ones, liquidity pool, channel opening closing…once again not user friendly at all. If you want user friendly apps, it will cost you. At the end of the day, you can’t send 1 sat on the main chain. I thought LN would be further along but adding LAYER 2 just adds LAYERS of accounts you need to make with further charges/services and vectors of attack. 

Nostr

I went down a new rabbit hole with Nostr. I have tried out various social media alternatives like Steemit over the years but felt too similar to existing websites which would ultimately lead to the same issues I have with current media (Steemit might be good now, I just haven’t tried it since 2018 or so). Nostr is decentralized social media with Lightning Network tipping tied into it’s main use case. I made a meme and received around $6 in sats which was a lot of fun. Nostr is filled with Bitcoin Maximalists, but I think it will be very important for the adoption of Bitcoin. Even with Bitcoin’s new and exciting LN, Nano’s use case is still a way better experience. Since the protocol is open, I think a Nano Devs should start thinking about Nostr as a way to get some Nano circulating. I am aware there are tipping extension, etc, but it could be a fun battleground for XNO to take on. As far as I know only u/mnpezz on Twitter is doing something like that?

Disclaimer, I could be an idiot. Anyways, just some thoughts. Goodluck Nano - I can’t quit you.

/end rant