User Advisory: NostrAssets Temporarily Halts Deposits
In a recent announcement on Telegram, NostrAssets, a Bitcoin infrastructure developer, advised users to refrain from making deposits temporarily due to a surge in user activity. The service has seen over 70,000 new users since October 30 and accumulated $11.8 million during the same period.
User Communications
The announcement urges users to await further updates and not attempt to deposit into NostrAssets for now. This advisory comes just one day before allegations were made by Fiatjaf, accusing NostrAssets of engaging in an affinity scam.
Clarifying the Allegations
Fiatjaf claimed that NostrAssets has nothing to do with the Nostr protocol itself and warned against depositing any sats (Satoshis) into the platform. However, NostrAssets developers have refuted these claims through their X account, stating that NostrAssets utilizes Nostr, Taproot Assets, and Lightning in its construction. They emphasize that Nostr is a decentralized and censorship-resistant relay network that anyone can build on.
Garnering Attention
Nostr gained attention earlier this year with headlines related to Jack Dorsey’s favorite decentralized social network. Positioned as the Bitcoin community’s emerging social media favorite, Nostr aims to compete with various platforms like email, blogging, Instagram, Twitter, and Discord. It introduces a new approach to sending and receiving digital text while allowing open participation and enabling users to build apps freely using the protocol.
Hot Take: NostrAssets Addresses User Concerns
NostrAssets has recently faced scrutiny regarding its affiliation with the Nostr protocol. The development team at NostrAssets has clarified that while it borrows elements from the Nostr protocol, it is a separate entity. They assure users that NostrAssets utilizes Nostr, Taproot Assets, and Lightning in its construction and emphasize the decentralized nature of the Nostr relay network. NostrAssets aims to address the communication gap and allegations raised by Fiatjaf through further updates and engagement with its user base.
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