Now it’s you Mata

If you cant take the time to go thru your list of plebs following you, or always lik8ng, your just doing the same you did on twitteer.

Make someones day say something back dont just ignore .

Good boi

gm ☕️ 🤙

Say GM to „The Bosso“

#[1] Please leave your 111 invoice here

There are ideas for automated bank runs to keep them honest. It really hinges on the key holders being chosen well, though - people of standing in their local communities so they can be held accountable if there is a problem.

When you compare it to a regular custodial arrangement the fedimints seem clearly superior. Say you'd need 7 of 10 corrupt key holders who are ready to collude don't care about the consequences.

Also, any failures (fraud) would be highly localised with this model and obviously the actual supply of bitcoin would remain unaffected.

As far as the user is concerned it's like wallet of satoshi but where the keys to the actual bitcoin are held in a multisig so most of the key holders would need to collude to steal the coins.

The fedimints would have lightning channels between one another and custodial services so they were all interoperable. Users themselves would technically have e- cash rather than actual bitcoin, but that's irrelevant as far as user experience is concerned.

Better privacy and less chance of rug pulls are the benefits over custodial. It'll also be cheaper and easier than the self custody options, allowing bitcoin to scale.

(Brain damaged child is smiling with a deep glow)

Bull run nostr will be wild

Once fedimints are up and running we're good to go, right?

- on chain

- self custodial lightning

- custodial lightning

- physical (like Satscards, bitcoin notes, etc.)

- fedimints (distributed custody)

I think we have enough to make it work for everyone according to their ability and needs. It was never going to happen, imo, that everyone takes self custody on chain. No?

Well, not me, but yes..😂 I was the one asking: Tell me moarr..🤣

KINGS INDEED! EVEN A QUEEN IN THIS CASE!🔥

#Proofofsteak - Day 486