I was thinking exactly the same yesterday when listening to #[6]’s podcast 639 on fedimint. Elon is thinking more of the WeChat approach where a corp is trusted by millions. It might work for western societies that have lost trust in their local communities. But in order to reach the billions, I agree the solution needs to be hyper-localized. After a week spent on Nostr, I could imagine the custodians being trusted with more than just the keys to the money…
https://fountain.fm/episode/11570727065
Unsolicited podcast recco 😀.
I’ve heard a lot about fedimint recently in notes and tweets, I personally want to relisten to this podcast about fedimint. If someone was to combine the social part of nostr with what fedimint is doing with bitcoin it would be powerful and is probably what Elon is thinking of doing on the bird app.
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