Micro sports betting. @ekzyis fixes this.
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1009 sats \ 10 replies \ @ek 18 Nov 2023
Hopefully I will
prepares new identity
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This really is a big deal. Sports betting could be a bigger on-ramp for Americans than anything else.
We're all prematurely proud of you.
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I’ve been tempted to build something similar. But not exactly sports betting.
More so for friend bets or challenges. Removing the oracle problem. Could probably use the zaplocker code, if working with someone more technical.
Already got an idea of UX. Felt like too much of a project to tackle alone.
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I think this will go beyond sports betting and allow people to wager on custom events, but ekzyis can correct me if that's wrong. I know he's also interested in political prediction markets.
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Yeah, sports betting is just one use case for "using money to determine information quality" (as mentioned in SN's job description).
Still need to look into how sport bets usually work. Maybe a prediction market is too general, and sports betting is more a prediction market with limited functionality. So I intend to build a solid foundation on which other stuff can be built on top.
Are you allowed to sell your bet to someone else? Or do you have to commit to a bet and then sit it out until the end?
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I don't think you need to restrict yourself to how sports betting usually works, but generally you are stuck with the bet you made. Having the option to sell it just makes it better, as far as I can tell.
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That's a good idea, have you try to look around for colaboration?
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This is my first time publicly disclosing it. Been tinkering behind the scenes with concepts/converting other code and with nothing sticking.
Should just go all-in into it. Could be a super viral product.
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Any example?
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Thank you for sharing!
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I've got an idea. Let me first state the problem. Let us say we want to order some physical product from somewhere near or far, and that product needs a delivery address. I would like to be able to obscure the physical address for delivery, w/o using a PO box. How could physical addresses be rendered in LN adresses? This also brings to mind mapping the physical world onto Bitcoin or Lightning thru use of Geo addresses encoded onto Ordinals or something of the sort.
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Yes. There is no need for every e-commerce merchant to know your physical address. There have been a couple explorations, but a lot of work still needs to be done to make it practical. See this SN thread
If done right, it feels like we should be able to take the Amazon Prime model and flip it inside out.
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Maybe some sort of middleman approach. Like the product is sent to address X and then forwarded onto address Y. The problem with this approach is that the middleman needs to know everything.
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Thats the problem
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Love the concept. Hope would be for those locations to be disposable and privacy first. Funny how I mentioned something similar before reading this earlier today.
What3Words exists but is not privacy minded.
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3 words is a really cool site. I'll definitely play around with that.
I have an idea on how it could be done. In order to get from point A to point B a route is determined, and the forwarding stations along the way are determined in the shipping contract. Each point along the way only sees the next destination for the pkg. So the final destination is only known by the final carrier.
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aren't there services now that let you proxy your address. why do you need to connect the protocol to addresses, couldn't you just setup a collection address and then accept lightning for payment?
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How do you deliver a kilo of coffee to the address?
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Concert tickets!
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Bingo hall for bitcoin. Gotta get those old people on board somehow
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Time for fun. Life’s begun
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Exactly, Bitcoin is for everyone
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I always thought that having vending machines that accept Bitcoin along with fiat as the easiest way to get more adoption. You can set up these vending machines everywhere. More people will get exposed to Bitcoin and they can see that you can actually buy things with Bitcoin so it wouldn't only be seen as an investment.
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ok, Ln vending machines
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I’d like to see a music app that uses lightning payments per song or per second instead of a subscription service.
LN_AUTH to log in, load 10k sats into your account, pay 1 sat per song. No KYC no subscription, just P2P exchange if sat for music.
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Isn't that what https://www.wavlake.com/ is doing?
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i'd like to see this sort of thing too, but if trying to incorporate the existing music catalogue of the world, i can see this running into legal hurdles right out of the gate.
i do enjoy what Wavlake is doing, where it is purely donation based, and everything can be streamed for free. but it requires being untethered from the record companies.
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Tidal should be experimenting with this.
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onboarding merchants - the best idea. Help all the merchants around you to accept BTC. Is the best way to go forward.
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But how would you make money?
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Like a lot of Bitcoin businesses, it might not scale. It could simply be consultancy and support: education, infrastructure setup and servicing for small merchants.
The fact this isn't appealing to VCs is actually a good thing.
It means tons of new work opportunities all over the world for independent lightning specialists.
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I wrote so many guides about these aspects... I am getting tired writing guides. I wonder why people do not pay attention to these things.
Just an example: the adult industry. Be their "uncle Jim" LN bank. I will give you some hints:
  • LNBits with the extensions: bitcoin switch, streamer copilot, LNURL/LN address, nostr market, split payment (you get a cut directly)
  • lightning.video is also an option (they have a dedicated NSFW section)
  • zap.stream too
Build the node/solution for them and be their "LN bank" and get a cut. The adult industry is a huge business opportunity to use it with BTC.
...and many more
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Thank you very! I like your contribution a lot. Good job!
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Good point!
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I think lightning can be used in events to create a circular economy between fans and performers. Imagine the entrance fee includes a fan interaction debit card loaded with sats and different tiers for certain privileges. From a merchant point of view, this would be good because it would encourage users to spend their balance in the circular economy. From a consumer point of view, it would allow them to exchange value for value in however they see fit.
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Also a good way to introduce people to bitcoin.
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Lightning-enabled IOT. Hardware that is flexible, modular and that works out the box.
Either DIY kits or preloaded with software. Lightbulbs, switches, relays, cameras, speakers, power monitors, batteries, scales, routers… all customisable that could make a lightning payment when used, turned on or state changes.
Use cases:
  • landlords wanting to charge for energy usage rather than end of month/quarter
  • pay for your Wifi (friends, family neighbours)
  • weight challenges - if get fat & weigh more than 100kg charge yourself a penalty fee
  • teaching kids about hardware via Lightning
  • automated inventories - ordering local produce when fridge running low
  • recycling plastics, glass & cardboard powered by LN that weighs and pays
  • trainers with a pedometer that unlock your own sats
In general would love to see more of this fun stuff, to pick-up and run with (pun intended). Building on what MakerBits is doing. It’s the type of stuff that inspires the next generation.
When i go to events and see a in-house raffle going on, cant help but dream of the lightning application.
Imagine you are running say a local minor league baseball team. You want to do a raffle during your game where you send employees out into the stadium to hawk raffle tickets then later in the game youll announce the winner. Instead of cash, you could have people send sats to the raffle, at whatever denomination, and could even display in real time the amount in the pool, likelihood per sat to win, payout amt, etc. You dont even need employees to hawk it, just have the qr code for sending. Could couple with nostr nicely too to easily ID who is sending what 🤙
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That's prety nice idea, nostr and ln usecase for in-house raffle, thanks!
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The world ran out of good lightning businesses 100 startups ok, so you tell us, what does it mean to be the "best" out of lousy businesses that should not exist? The best one is to sit on your ass and do nothing, then your value will be 0. Everyone else will be negative. Maybe check back in 2 years to see if it's different.
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I think all lightning businesses are the best and will change the world for better because they are using the best money the world ever seen. Every business serves an important role in the bitcoin economy. But I think you misunderstood mevon this, I was trying to ask the market for what they would like see that's not existed yet. But thank you though for your input!
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Here's one idea, expert advice platform in exchange for streaming sats. A platform where you can chat or book calls with experts for their opinion/consultations on specific topics (think lawyers, engineers, doctors, etc.) in exchange for sats. (fixed or variable amount of sats per unit of time).
There should be as well a reputation / vouching mechanism with some sats redistributed for those who vouched for / referred the expert.
And here's another idea coming from my hate of voice messages. Imagine if you can paywall voice messages on messaging apps with sats whereby the sender would incentivize the receiver to hear an audio message by streaming sats to them OR the receiver can set a sats rate per seconds for audio messages received.
That way, people would be incentivized to send succinct and essential voice messages and no time would be wasted hearing 5 mins of audio that can be summarized in 3 bullet points.
Telegarm has an option for premium users whereby you can opt out of receiving audio messages. It would be nice to take that one step further and paywall it.
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Thank you for taking time to explain, but how would you make money in that process? Would you take a cut?
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Yes either a cut or a subscription based model depending on how much you can expand your offerings (tiered subscription).
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perfect thank you
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I would like to see some sort of decentralized Uber type ride sharing service that relies on reputation and peer-based connections for trust.
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Uber ride sharing for sats is a great idea too
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Amateur and professional voice acting like narration, fun lines for ads or whatever.
Also proofreading or translations for writers maybe?
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Thank you!
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Mine.
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I go to a lot of craft shows and community markets.
These places are so ripe for using bitcoin over lightning.
Everyone's got the "Square" payment hardware which, somehow knows your email address for sending receipts.
A single QR code connected to a wallet or other app that can integrate with transmitting receipts back, perhaps with a time limit on the KYC info, would be a good substitute.
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Yeah true, LN Over Square would be the smoothest path for merchants that don't even need to know if its bitcoin as long as it saves them on fees
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Github on lightning like SN. I believe Jack Dorsey offering funding for Github on Nostr which would work
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Charge per clone or fork or comment. I like it.
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Thats a good idea too, to much exposure to github
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test
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Asking for a friend, eh?
Good question though
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An API call payment processor
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Some kind of commitment contract, to help motivate you do to things and avoid procrastination. Like Stickk (https://www.stickk.com/) but using zaps.
Here's the definition of Commitment Contract as per Stickk: A Commitment Contract is a binding agreement you sign with yourself to ensure that you follow through with your intentions—and it does this by utilizing the psychological power of loss aversion and accountability to drive behavior change.
So if you had a goal of, say, writing a blog post weekly, you could put that in the contract, along with some sats as a bond. You find a partner to hold you accountable. The partners job is to review the photo or link (or whatever evidence you provide) to make sure you did what you planned.
For instance, if you've been procrastinating on cleaning out the garage, you could post the before picture as a part of the contract, and then the after picture, with a clean garage. Your partner would agree - your garage is now clean - and the sats would get returned.
You'd make a profit by organizing this, connecting people, setting up the agreement - setters with the agreement - validators. And you'd take a percentage. Or maybe have a subscription model, where you charge people X amount a month and let them make these contracts.
People are looking for this type of thing. Check out flow.club. People want accountability.
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HQ Trivia powered by Lightning.
Many more people can earn than in the original game, and instant payouts too.
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This was fun to think about! Okay, I’m surprised that companies have not utilised the Lightning Network to conduct guerrilla marketing yet. They could announce to the public to be on the hunt for a specific number of QR codes scattered all over the city on public transport, shopping malls, amenities and so on. So, as you scan a QR code, you will be rewarded with some sats and required to read/watch an advertisement by the sponsoring company. Participants who manage to scan all the QR codes will be treated to even more sats as a bonus. I guarantee that the use of the Lightning Network will spike because it appeals to people’s competitive nature.
As an educator, I wish some companies engage students as part of their Corporate Social Responsibility efforts. Students who submit something they learn to a cloud platform will be rewarded with 21 sats as a small token of appreciation for their learning. I guarantee that youths’ motivation levels towards studying will increase since their submission will be viewed by others. Also, they get to earn just by studying. Who can complain about my logic?
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I'll offer a little critique. While I've come to be suspicious of any big corporation, their responsibility is to provide a good or service, and the employment that comes with it. This notion of "corporate social responsibility" sounds like this merger between fascism and Marxism. Aka BlackRock. On the other hand, the notion of a carrot for demonstrating learning seems valid. I would like think that some puzzle would have to be solved to resolve the QR code or something like that, in order that plagiarism is avoided.
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Your logic is fantastic, appealing people compatitive nature with lightning sats rewards. Thank you for this great input!
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Paid P2P wifi hotspots.
A raspberry Pi + a tiny WiFi router could be plugged in absolutely everywhere by entrepreneurs who have a few sats to spend on this cheap box. Imagine putting one in a starbucks.
Anyone with a phone, tablet, or laptop that wants some cheap, anonymous internets can simply log into it with LNAuth and pay for internet at a sats per minute rate. Today's WiFi spec (802.11ax) is highly efficient and operates on all 3 wifi channels. Great range & bandwidth.
Think of Jack Maller's streaming subscriptions video. That tech would bring a magical feel to this app.
This is amazing then
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Ok, I will tell you what I think, building a local classified website purposely build for people to sell their unwanted stuff for their first bitcoin. How was that?
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What about real world LN business aplications?
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Someone tried that a couple years ago. It was called Light Nite and it was a Battle Royal game. You could earn sats and withdraw on the LN. They even had Jack Mallers and some other influencers play it while being recorded. It was on Steam for a bit then got kicked off. Apparently, it never got enough traction so they turned to NFT's and minting their own shitcoin for the in game currency. I think it's dead now. lol
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Ok thank you for your input!
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that use Ordinal Inscriptions
LOL no
World of Warcaft MMO type game where you login with Lightning and the in-game currency instead of "gold or diamonds"
That is against their own business model. All those MMO games are huge business and is really hard to do it with real sats. The game incentive is hard to do it with real money. Just think about who is winning from who? Somebody have to put first some huge money and will want a profit.
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But how would you make money?
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I have a plan to do some simple .io-games where you pay for something through lightning. One Idea is to pay to get registered on the high score table, and pay like 10 sats per 5 tries and those 10 sats gets distributed to the top high score or something. I don't know, pay to play feels boring.
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You can use ZBD for more integration, I know they are working on accepting more games
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Normie mobile games filled with ads. Not the type of games i was talking about.
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Who won?
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I was busy 😅
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