The decentralized social network Damus has hinted that its mobile application will soon include a feature that would enable users to earn satoshis, the smallest fraction of Bitcoin (BTC), depending on the interaction they get on their posts on the site.
In a tweet, the Damus team brought attention to the fact that the “coming soon” version of the app would have a function that enables users to earn satoshis and that this function will be available “soon”. After the first statement, the team did not give any more information.
Damus markets itself as a decentralized social network that is user-run and does not depend on centralized businesses for its functionality. The program is based on Nostr, which stands for “Notes and Other Stuff Transmitted by Relays.” It is a decentralized network that makes it possible for users to communicate with one another in a private setting. Within the confines of its network, there are no servers. Instead, messages are sent across the system through a decentralized network of relays.
Members of the community as a whole have shown their enthusiasm for the newly implemented Damus function, with some even going so far as to refer to Nostr as “the future of monetization.”
Jack Dorsey, who formerly served as CEO of Twitter, has also been showing his support for the Nostr initiative by contributing financial resources to its creators. Dorsey said on the 16th of December that he had contributed 14 BTC, which was equivalent to around $250,000 at the time, to assist in the growth of the decentralized social network.
On February 1, Damus was released to the public on the Apple App Store and became accessible for users of the iPhone to download. After this, Jack Dorsey also announced the news through his Twitter account, where he referred to the change as a new “milestone” for open-source protocol development.
Back on December 14, the former CEO of Twitter advocated for the establishment of a decentralized Twitter alternative. This was in response to the publication of the findings of an internal inquiry that had been headed by Elon Musk and had shown problems relating to censorship on Twitter. Dorsey addressed various solutions to the problems, such as resistance to control by corporations or governments, giving writers the authority to delete their own material, and using algorithmic moderation.