Still lots of experimentation. My hunch is that ‘better social media’ though the first use case, might not be the killer use case. For me, I’m exploring new possibilities- likely 99% are duds for compelling use cases, but you never know.
One of my favourite books on legal history- over 1200 years, describing the life and times of the day and the legal system that came as a result. It puts everything in perspective- that the modern state as we know it - is still a fleeting phenomenon.
There are some really cool stories: for example, the Norman Conquest - everything became the King’s unlike before where it was more of a decentralized land-based/clan-based rule. The social upheaval that resulted is a stark reminder of how a system of thought and beliefs is the true basis of power and order.
You might not lawmaking, but you have to give credit to the English Law Commission for creating this breathtakingly short bill on digital assets. In short the bill recognizes that digital assets can exist independently of legal strictures (in contrast to the other ‘things’) and should be regarded separately as such.
This bill comes after four years of consultation, a 1000 page consultation report and an 80 page final report where you can dig deep into the theory of personal property.
This is in absolute stark contrast to the EU, where they are writing regulations (laws) that bleed into the thousands of pages.
In the end, I am a big fan of the common law approach, where generalized principles are set out and then gradually refined by the courts and rulings. Once again, unlike the EU, where an appointed bureaucracy (European Commission) tries to figure out everything beforehand and then try to convince the EU parliamentarians to enact their massive bills. 
With #nostr there is no one behind the curtain. 
It’s been almost two years to the day that I discovered Cashu. It supercharged my learning curve, and now I am building my own wallet that works completely on nostr.
Welcome! I’m hopelessly in ❤️ with Cashu.
I had to read the NIP about 100 times to understand what a ‘parameterized replaceable event’ was. I think I understand. I like ‘addressable event’ better because it implies that it has a unique address - pubkey/kind/descriptor. I presume it is ‘updateable’ or ‘replaceable’?
🤟THE FIRST TEN npubs to repost this note will receive 1000 sat zaps 🥰 🙏
What are the privacy implications of spending btc via ecash like Cashu?
Im early in my exploration but have extensive experience as a routing node operator.
Id imagine that in this scenario you are only as strong as your weakest link, which in this case is lightning. For example, spending of ecash across mints requires liquidity on lightning, and is only as private as we can assume lightning, limited by publicly created channel liquidity and potential man in the middle attacks whereby a well connected routing node may also function to surveil the network flows.
Can I assume the closest we get to perfect privacy with Cashu is when spending WITHIN the mint, where our anonymity set is infinite among other network users, and equal to the pool of participants using the mint, when viewed from the mint operator's perspective?
If these discussions are occurring or have occurred elsewhere Id appreciate any info.
#asknostr
nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg
❤️
Yep. I built a lightning payment system where payments are cleared via a mint and settled via Lightning. If the payer and payee use the same mint, the clearing is done directly via the mint and does not even touch lightning.
Maybe an advertising model might help 🙂
I consider Lightning/ecash the same ‘layer’ where Lightning is the clearing mechanism for any ecash token. For simplicity of the post, I just focused on ecash.
The usefulness of the analogy is that while you have certain limit of power output (base layer), you may need different points of ‘leverage’ to best meet different conditions. The analogy shouldn’t be interpreted beyond that comparison.
I view ecash not as ‘money’ (Bitcoin is the money) but more as a payment instrument (gearing mechanism) that enables you to take advantage of different transaction requirements and payment conditions. In the end, it should all be settled back to a UTXO. As for Liquid, I’m not that familiar with it, but I suspect similar concepts apply.
Bitcoin is a fixed-gear track bike; ecash is a multi-gear road bike. Both translate my power to motion but are designed for very different conditions. I would never dream of taking my fixed-gear bike on a ride through the mountains; likewise, I would never take my road bike on to the track for a 200m sprint.
My point is this: both bitcoin and ecash work well together and separately in different circumstances. I would never bring my cold storage wallet shopping, nor would I store my life savings in an ecash wallet.
Coming soon, from a digital nation state near you.
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"There is nothing in a caterpillar that tells you it's going to be a butterfly." - R. Buckminster Fuller
"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete" - R. Buckminster Fuller
"Our world is not divided by race, colour, gender, or religion. Our world is divided into wise people and fools. And fools divide themselves by race, colour, gender, or religion" - Nelson Mandela.
GN 
Twitter was like that in the early days, but lost that spirit. I am glad to see that it has re-emerged here on #nostr.
Audio only for me.
It’s interesting reading a 40 yr-old spec when the internet was not considered to be a done deal. ChaosNet was still in the running.