Table of Contents:

· Nostr Protocol Founder's First Speech, stating that Nostr Assets token is "100% fraud"

· Nostr Assets: We are a custody solution and should not be misunderstood as fraud

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

Nostr Assets Protocol controversy reignites.

On the evening of December 3rd, Fiatjaf, the founder of the Nostr protocol (@fiatjaf), posted a message in Chinese on social media stating: "The Nostr Assets Protocol is a fully-managed service conducted under the name of Nostr, and is a type of affinity scam. The Nostr Assets Protocol has no relationship with the Nostr protocol itself, and only borrowed the name of Nostr."

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

Nostr Protocol Founder's First Speech: Nostr Assets Token is "100% Fraudulent"

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

In this public statement, fiatjaf also reminds people not to deposit any sats to the Nostr Assets Protocol platform: "The token named Nostr issued on the Nostr Assets Protocol platform is 100% a scam and has no relation to the founder or team of Nostr."

In fact, the Nostr protocol originated in 2019. On November 20, 2019, fiatjaf began developing the Nostr protocol with the goal of creating a simple, open, globally supported, decentralized, and censorship-resistant social protocol.

That day, he wrote on his blog: "Nostr is the simplest open protocol based on encryption keys and signatures, without relying on any trusted central server or P2P technology, which can create an anti-censorship global social network once and for all."

Related reading: "Nostr founder claims Lightning Network is a scam, what happened to 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 correlation, as explained in the official statement released by Nostr Assets Protocol early this morning.

Nostr Assets: We are a custody solution and should not be misunderstood as fraud

The clarification statement released by Nostr Assets Protocol early this morning highlighted three key points.

First of all, the Nostr Assets Protocol states 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." At the same time, fiatjaf's "fraud" accusation lacks basis, because the Nostr Assets Protocol is a "custodial solution" and should not be misunderstood as fraud.

"Many L wallets (including the Satoshi wallet) offer users custodial wallets to utilize the Lightning Network, which is considered fraudulent. They are crucial for providing users with excellent UIUX."

Next, the Nostr Assets Protocol also states that $NOSTR has no relation to the core developers of Nostr, and that the Nostr Assets Protocol "utilizes Nostr, Taproot Assets, and Lightning in its construction to make it related to Nostr".

Finally, the Nostr Assets Protocol also expressed a desire to establish a cooperative relationship with the Nostr team: "Nostr is a decentralized, open-source, and censorship-resistant relay network that anyone can build on. This incident was due to a communication gap and misunderstanding, 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 several times before.

BlockBeats observed that Nostr Assets Protocol, which has been promoting Fair mint from November to December, may have significant news in the next two weeks. Some KOLs in the cryptocurrency community have also started promoting tutorials.

Perhaps it was the gradual rise of $NOSTR in the community that drew widespread attention to the "fraud" allegations made by the founder of the Nostr Assets Protocol.

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

November 7th, on the day when the launch of Taproot Assets issuance and Fair Mint function was announced, Nostr Assets Protocol announced on its social media platform that the website is temporarily closed for maintenance due to heavy traffic.

And from November 13th to 16th, Nostr Assets Protocol announced the closure of its website three times for maintenance, which sparked community controversy and raised concerns about the project's team.

Related reading: "Nostr Assets resumes BTC deposits, multiple shutdowns and maintenance cause controversy".

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

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