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10 sats \ 3 replies \ @kr 29 Mar 2023 \ on: Kollider Wallet AMA bitcoin
I used to think of Kollider mainly as a trading platform.
With the additions of your stablecoin, wallet and Nostr relay, what is the primary focus for the company moving forward?
Kollider is still primarily a trading platform.
Kollider Exchange powers basically everything that we do. The synthetic stablecoins and the swaps that are built into the wallet are only possible because they're powered by the exchange on the back end. The synthetic stablecoins are actually created using derivatives to hedge BTC on the exchange. So in some ways, the wallet is really an app that's build on top of the exchange infrastructure.
We're definitely excited about Nostr, especially because we think there's going to be a growing crossover between the world of Lightning and the world of Nostr, hence the relay as well as building a lot of Nostr features into the wallet to make it super easy for users to access both.
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makes sense, thanks for clarifying.
what do you think of as the most interesting crossover points between Lightning and Nostr?
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Overall, I think we're most excited about combining an open communication protocol with an open monetary protocol to do thing that weren't possible in traditional social media.
Zaps are a great example of that as a fun early use case. But Lightning makes it easy to do a wide variety of payments, from ~100sat zaps, to small micropayments for individual pieces of content, to bigger payments for things like infrastructure and services.
We've long thought of BTC as the native money of the internet, and Nostr gives us a glimpse of how novel protocols develop when they're integrated with global, fast, flexible digital money from the beginning.
Right now it's zaps, micropayments, and the ability to easily monetize services. But we're excited to see more creative use cases in the near future.
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