My Goals for this year:
πΈοΈRun a Bitcoin Node
πΈοΈRun a Lightning Node
πΈοΈSet up my own Nostr relay
πΈοΈTry out Cashu and Fedimint
TBU....
Discussion
Trying out Cashu only takes 3 minutes. Here's the explainer: https://maxmoney.substack.com/p/ecash-for-better-bitcoin-privacy
IS
IS C0FE G00D 4 YOU?
Why do we need this?
You are replying to a blog post that answers your question.
#Bitcoin removed third party and this reintroduce third party. So my question stands. Why do we need this?
From what I'm understanding, so far: it's a 3rd layer bitcoin application on the lightning network, that allows low friction, private, offline/online payments. There's the third party involved as the "mint", but you can also be the mint and then you're the third party. If it's necessary for bitcoin? No. Although it is another interesting option that may or may not catch on. Lightning network definitely did catch on as a 2nd layer (it's also potential third party involved, but you don't see many sceptics anymore).
Yeah I already looked into that. I just won't do it before I learn a bit more about it. I'm thinking of eventually runnig a mint. Using ecash seems pretty easy, not sure about running a mint. It definitely caught my attention, so I want to learn more. Thanks for the link π
All what you need for all that is Umbrel. Super easy.
That's good to know. I'll check options.
First step taken. Just purchased Raspberry Pi 4
Update on this years goals.
All accomplished.
Need to set out new ones.
πΈοΈtry mining Bitcoin
πΈοΈmultisig wallet setup
πΈοΈlearn basics of Python (in progress already)
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