Nostr Assets Protocol Storms Again

On the evening of December 3rd, Fiatjaf, the founder of the Nostr protocol, posted a message in Chinese on social media, stating: "Nostr Assets Protocol is a fully custodial service using the name Nostr, and it is an affinity scam. Nostr Assets Protocol has no relationship with the Nostr protocol itself, and only borrowed the name Nostr."

This public statement has once again brought Nostr Assets Protocol back into the spotlight of the cryptocurrency community.

Nostr Protocol Founder's First Statement: Nostr Assets Token is "100% a Scam"

According to BlockBeats, this is the first time Fiatjaf has spoken out about the events related to Nostr Assets Protocol.

In this public statement, Fiatjaf also warned people not to deposit any sats into the Nostr Assets Protocol platform: "The token named Nostr issued on the Nostr Assets Protocol platform is 100% a scam and has no relationship with the founder of Nostr or the (Nostr) team."

In fact, the Nostr protocol originated in 2019. On November 20, 2019, Fiatjaf began developing the Nostr protocol, aiming to create a simple, open, globally supported, decentralized, and censorship-resistant social protocol.

On that day, he wrote on his blog: "Nostr is the simplest open protocol, based on cryptographic keys and signatures, not relying on any trusted central server, not relying on P2P technology, and able to create a censorship-resistant global social network once and for all."

Related reading: "Nostr founder claims Lightning Network is a scam, what happened to the Lightning Network?"

The Nostr Assets Protocol project, according to its official introduction, is a "LightningFi on Nostr" that can help users "send, receive, and trade Taproot Assets and BTC." This project only opened its official Twitter account in April of this year.

On the surface, the two do have a certain degree of connection, as explained in the official statement released by Nostr Assets Protocol in the early hours of today.

Nostr Assets: We are a custodial solution and should not be misunderstood as a scam

In the clarification statement released by Nostr Assets Protocol in the early hours of today, three key points were highlighted.

First, Nostr Assets Protocol stated that its main goal in building the Nostr Assets ecosystem is to "enable builders to create business use cases on the Lightning Network and Nostr," and Fiatjaf's "fraud" accusation lacks basis because Nostr Assets Protocol is a "custodial solution" and should not be misunderstood as a scam.

"Many L wallets (including the Satoshi wallet) provide custodial wallets for users to take advantage of the Lightning Network, which is considered a scam, and they are crucial for providing excellent UIUX for users."

Second, Nostr Assets Protocol also pointed out that $NOSTR has no relationship with the core developers of Nostr, and that Nostr Assets Protocol "utilizes Nostr, Taproot Assets, and Lightning in its construction, making it related to Nostr."

Finally, Nostr Assets Protocol also expressed a hope to establish a cooperative relationship with the Nostr team: "Nostr is a decentralized, open-source, and censorship-resistant relay network, and anyone can build on it. This incident is a misunderstanding caused by communication gaps, and we hope to establish contact with the Nostr development team to improve collaboration and cultivate a better Nostr ecosystem."

$NOSTR is about to launch, and the website has been shut down for maintenance multiple times before

BlockBeats observed that Nostr Assets Protocol, from November to December, may have major news about Fair mint in the next two weeks, and some KOLs in the crypto community have also begun to promote tutorials.

Perhaps it is the gradual warming up of $NOSTR in the community that has attracted widespread attention to the "fraud" accusation made by the founder of the Nostr protocol against Nostr Assets Protocol.

However, prior to this, Nostr Assets Protocol had sparked community debates about the background of its team and the reliability of its project due to multiple website shutdowns for maintenance.

On November 7th, on the day it announced the upcoming launch of Taproot Assets issuance and Fair Mint functionality, Nostr Assets Protocol stated on its social media platform that the website was temporarily closed for maintenance due to load reasons.

Then, from November 13th to 16th, Nostr Assets Protocol announced the closure of the website for maintenance three times, sparking community controversy and suggesting that the Nostr Assets Protocol team had issues.

Related reading: "Nostr Assets resumes BTC deposits, multiple website shutdowns spark controversy"

BlockBeats will continue to monitor the dispute between the founder of the Nostr protocol and Nostr Assets Protocol.

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