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christo
04222fa1e959dcafd11f5b74e376bf51ea735e6ffb05a4a691325be8634e9de5
Replying to Avatar mike

It's already on nostr:nprofile1qqsfy229w70e8lgtxavlz9t78k06yrel6fxyhreteafqet8kfxhhwmg2c6av2 liquid.

Mixed.

Bitcoin is supposed to replace fiat, not support it.

However, it does have utility for mainstreaming payments and taking Bitcoin profits

I need to research it more but initially sounds like shitcoinery, although I'll refrain from slating it until the facts are known

Replying to Avatar corndalorian

do cashu render in primal. they do on amethyst

Tell her you own [shitcoin]

nostr:note15gx7kqfdlnpck6pffyvtmqt4rhrk0dpmyd76k77j40uqnve76slq5u2rl4

Peter Jones is the goat on Dragon's Den all the others are npc's

(Shark Tank was based on Dragon's Den)

ngl it does seem like a single point of failure

decentralisation not centralisation

I call this a win for Bitcoin.

Why?

Because Bitcoin empower the individual and not the state.

Every time I hear people talking about "X country will declare Bitcoin as legal tender..." I just laugh. They have no idea what is legal tender.

Bitcoin CANNOT be legal tender! To be legal tender it means to be endless DEBT.

Bitcoin is to empower the sovereign individual and not the states!

Let's stop this crap bullshit with "make Bitcoin legal tender" ! Is a total fallacy! Instead, focus on empowering individuals using Bitcoin every fucking day without any gov permission.

What is a "legal tender"?

A “tender” is the name given to a small boat that “tends” to the needs of a larger ship, usually by transporting people or supplies from shore or another ship.

With the word legal referring to a contract, the term “legal tender” means to “tend” to a debt sometime in the future, by way of contract.

Meaning, by using legal tender the debt is never paid, as the “small boat” never left the “shore” to deliver the “money”.

These are contracts (legal tender):

Any retailer or individual could refuse to use a legal tender. Nobody can force you to use it. Why? What is the point of a legal tender then?

The point is that you cannot force a retailer to accept legal tender or indeed any other form of tender. If, however, you buy something from them and there is no contractual barrier to the use of any form of tender, and you offer legal tender in payment, and they refuse it, then they cannot enforce the debt in court.

That's what legal tender means: it's about discharging debts. If you incur a debt you can discharge it with legal tender, but you cannot be forced to incur the debt in the first place, if you see what I mean...

"Let's stop this crap bullshit with "make Bitcoin legal tender" ! Is a total fallacy! Instead, focus on empowering individuals using Bitcoin every fucking day without any gov permission"

This is the way

We need no nonsense clarification like this

Darth is an OG

cashu.me UX is better than nutstash imo #cashu

Replying to Avatar calle

A gigantic upgrade that is now merged: Blind authentication for Cashu mints is coming!

One of the most requested features from organizations and companies that prevented them from running a mint.

Read to learn more 👇

The most common concern we hear is: "We would like to run a mint but only for the users of our community / app / company."

The problem: How do we balance user privacy (our primary objective) with mint operator control?

The solution: blind authentication.

We designed a two-tier auth protocol that fits the needs of a Chaumian Ecash system.

Step 1: When connecting to a mint, users need to create an account first. Mints control who can create an account with them.

We call this "clear authentication" or CAT.

https://github.com/cashubtc/nuts/blob/main/21.md

Step 2: Now that the user has an account, we allow the authenticated user to mint a special kind of ecash called "blind authentication token" (BAT).

BATs are private and unlinkable, just like ecash. To use the mint, users provide BATs with each request.

https://github.com/cashubtc/nuts/blob/main/22.md

By doing so, users prove to the mint that they have an account – but they do not reveal *which account* they are. Users keep privacy, mint operators keep control. It's a balance.

We're literally using ecash to secure an ecash mint.

Think about it anon.

Blind authentication is a cryptographic primitive that has been used in various applications. A famous example is Google VPN that uses the exact same technique to prove that you've paid for the VPN without revealing which user you actually are.

Super smart.

We're going to see more mints being used for internal uses that aren't meant for the public.

Companies can use it to pay salaries to their employees, physical communities can provide wallets to their members, games can use it for their users.

This is still just the beginning.

amazing work calle and Co

A no-holds-barred brawl between three investors.

Peter Schiff, who we all know and I don't need to remind you of his views on Bitcoin.

Michael Oliver, an experienced asset manager who has an old school view of investing, save to say he thinks Bitcoin is a bubble.

And

Dominic Frisby, author of Bitcoin: The Future of Money? A very pro Bitcoin and also Gold maxi.

Interesting but not surprising to hear the views of these three, it plays out as a generational debate, the boomers don't get it!

Michael alledges that no Bitcoiner can explain Bitcoin in five seconds, he says they will just fluster and flounder.

Dominic retorts instantly and says, I'll describe it in four seconds....

CASH FOR THE INTERNET.

Also Dominic had a great comeback to Peter's and Michael's claims Bitcoin is a bubble, he said...

A bubble is a bull market where you don't have a position 🤣🤣 pure cope right?

https://youtu.be/9DuhDgqx21w

It's all very well the banks saying they'll custody Bitcoin.

But they will fuck it up.

When there is a run on the bank and there will be, the dipshit suits will get caught fractional reserving it, as they always do.

People will be worried about self custody'ing their keys 🔑 I understand but when they realise, by accepting some responsibility they will have total freedom to transact as they please.

Request a transaction through the bank....

What's this for? take this 2min exam, oh sorry you failed, your account is locked 🔒 for 48hrs.

Oh and by the way, your sending limit has been exceeded.

Fuck that, Fuck them retards