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333 sats \ 9 replies \ @nout 28 Oct 2022
That article contains exactly zero information besides the name and repeating "peer-to-peer"
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180 sats \ 0 replies \ @brxyz 28 Oct 2022 freebie
As much as they used peer-to-peer, I had to double check that pear wasn't a typo.
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100 sats \ 0 replies \ @ski OP 28 Oct 2022 freebie
Agreed. They shouldnāt have said ālaunchedā, maybe āannouncedā would have been better. They do have more technical info out there about Holepunch which is the infrastructure itās being built on.
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0 sats \ 6 replies \ @thrown 28 Oct 2022
Itās just tokens on Lightning. Fiat, Airline points, Loyalty points, etc.
Idk what they were thinking with the word ācreditā.
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1 sat \ 2 replies \ @nout 28 Oct 2022
Are you sure it's actually on lightning? The only mention is "Lightning-Network-styled speed", which doesn't give me confidence...
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0 sats \ 1 reply \ @thrown 29 Oct 2022
Yes. Synonym has been planning this for years. It used OmniBOLT https://synonym.to/our-stack/
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0 sats \ 0 replies \ @joko 29 Oct 2022
Saying OmniBOLT is lightning is not really accurate imho. Instead of "tokens for lightning" it's "lightning for tokens". You need an entirely new network instead of using the existing one.
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0 sats \ 2 replies \ @_b_o_n_e_s_ 29 Oct 2022
Credit as in IOU
Credit means thereās trust involved.
Trust that youāll be able to redeem the IOU.
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0 sats \ 1 reply \ @thrown 29 Oct 2022
Not necessarily. Sometimes tokens are issued and they donāt really know what they will be used for. Mcdonalds points are redeemable for random rewards and you lose them over time. Thereās really no guarantee there other than āyou might as well save these and theyāll beā¦ somethingā idk.
When I think of credit, I think of placeholders for money that is redeemable for the money. The use case of this is much broader.
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0 sats \ 0 replies \ @_b_o_n_e_s_ 29 Oct 2022
Was kind of just paraphrasing what the tweeter, one of the team, tweeted
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181 sats \ 0 replies \ @faithandcredit 28 Oct 2022
John Corvalho is playing with the big boys now
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5 sats \ 2 replies \ @cryptocoin 28 Oct 2022
Here's the Tweet that kicked off a Twitter thread where Synonym's CEO John Carvalho announced this as well:
Today, we at @Synonym_to, together with @Tether_to, and Holepunch (@keet_io), announced šPear Credit.
https://twitter.com/BitcoinErrorLog/status/1586041465662218240 [Nitter]
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25 sats \ 1 reply \ @DeezSats 29 Oct 2022
Nitter link points to twitter
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0 sats \ 0 replies \ @cryptocoin 29 Oct 2022
Oops, thank you!
Nitter (correctly, this time): https://nitter.it/BitcoinErrorLog/status/1586041465662218240
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0 sats \ 0 replies \ @alpacachino 30 Oct 2022
Curious what the story is with pear... anyone?
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