Damus to Enable Earning Satoshis on App
New decentralized social network Damus, has hinted at a new app feature that will enable users to earn satoshis, the smallest unit of Bitcoin.
The team tweeted about the upcoming feature, stating that it will be included in the next version of the app, which is expected to be released soon. However, no further details have been provided by the team and they have not disclosed any specific timeline for the release.
Coming soon in the next version… earn sats directly on posts! This post earned 118k sats which is about $40. Pretty neat! pic.twitter.com/dAbWWD4i93
— Damus⚡️ (@damusapp) February 5, 2023
Damus is constructed on Nostr, an open-source protocol that utilizes cryptographic keypairs to form the basis of a worldwide, decentralized, and censorship-resistant social network. Nostr allows anyone to build an application on top of its foundation, where users cannot be banned, and posts cannot be censored, as clients are managed by all users. The developers of Nostr created Damus, a Twitter-like application compatible with Apple, as a demonstration of the protocol’s potential.
Jack Dorsey, the former CEO of Twitter, has shown his support for Nostr by providing financial backing to the project’s developers. On December 16, Dorsey announced that he had donated 14 BTC, equivalent to $250,000 at the time, to support the development of the decentralized social network.
After going live on the Apple App Store on February 1, Damus became available for download for iPhone users. Jack Dorsey shared the news of the update on his Twitter account, describing it as a significant “milestone” for open-source protocols.
In addition, Dorsey advocated for the creation of a decentralized Twitter alternative in response to censorship-related concerns raised in an internal investigation led by Elon Musk. Dorsey suggested solutions such as resilience from corporate or government control, authors’ right to remove content, and algorithmic moderation.
The app lasted less than 48 hours on China’s version of the Apple App Store before being removed. Damus reported that the Cyberspace Administration of China (CAC) had ordered the app’s removal for purportedly breaching national speech laws. Apple promptly complied with the request.
Decentralized social networks that allow users to protect and keep their data and earn for adding value to the network are well and truly on their way to big things, the hurdles in their way might slow them down but are unlikely to stop them.