Subnostr

Bryan 1y ago

Some people have been speaking about how great fedimint is and how it can scale bitcoin to 8 billion people…

But I am not seeing it…

Forget the custodial part, I get it. But even if you put that aside, I don’t see the appeal.

It’s not easy for me or a “village leader” to create a trusted community.

The only community I see as available to me is the generic “Bitcoin Principles,”

It closes in 2025 and I have no idea who controls those funds.

Has anybody on nostr created a mint? How did you do it? Did it run on top of your own LN?

Anybody on nostr part of a private mint?

Because, if we, the bitcoiners, aren’t using it, a remote village or the neighborhoods of the world are not going to be using it.

Am I missing something?

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Discussion

Zach⚡️ 1y ago

It's just an advanced form of a bitcoin bank. What is current banking? How did traditional banks earn the trust of the people who use them?

In many ways its significantly better than the current established banking. But it probably won't become highly used until people either realize how flawed traditional banks (and bitcoin exchanges are) or until on chain fees are so high that they have to use alternatives.

Bryan 1y ago

But it’s nothing more than a bad custodial Lightning Wallet. I fear the project has been overhyped by VCs and now it’s failing to deliver a usable, elegant product that could scale Bitcoin in meaningful way.

Zach⚡️ 1y ago

That might ultimately be true. Time will tell. The simplicity of an ECash mint seems more appealing to me but if you could distribute the trust and mint operation that would be great, which is the Fedi goal.

Hindu 1y ago

Exactly! See my note. Pedo Mr Alden nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9wsq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvql3tqm is shady, and He is invested in this FEDI crap. The whole of "Ego death capital" is a scam and anything it touches looks scammy and shady to me.

Bryan 1y ago

Really no need for you to be so mean and hateful.

Hindu 1y ago

Course there is a need. Scammers and grifters abound here. You know why? Because there are no actual Bitcoin jobs. There is no Bitcoin economy. It's digital gold. So you got all these "Invest in my Bitcoin fund to support my Bitcoin religion" and "Buy my book I am a priest of Bitcoin" hucksters lurking around.

aco 1y ago

the message seems to be “enabling people to take control of their currency/ build community” but if a mint runs the show 🤷 it has a rug-pull feel to it if things go south. i don’t think that’s the intention, just questioning the structure.

Hindu 1y ago

It's definitely a rug pull. Scammy Mr Alden nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsz9nhwden5te0wfjkccte9ec8y6tdv9kzumn9wsq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvql3tqm is an investor that's the biggest red flag out there.

aco 1y ago

nostr:npub1azm7k8dnv3yvqe72wujad5snvyg9wvny3dkhta2vrxv2weuxjxgs3jedhe lyn is not a red flag. 🤡🌍

Hindu 1y ago

Mr Alden aka Lyn Alden is definitely a huge red flag. Like Elizabeth Holmes v2

aco 1y ago

😂 🤡🌍