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Replying to Avatar dread

- People want uber like convenience, and low cost for transactions when using money

- Non-custodial bitcoin or lightning is a straight up non-starter for most of the world

- Many users end up using custodial wallets for the convenience but...

- No privacy for their transactions

- Trusting their money to randos instead of holding it themselves

- They get rug-pulled all the time regardless if its a good custodian or not (FTX, Paxful)

- current example is Wallet of Satoshi, super easy to use and is a very successful wallet, prob the best LN wallet out there, but might rug-pull us all any day.

- FediMint is a easy to use bridge solution before we get to non-custodial, based on society today.

Here are the highlights:

- If you are gonna trust someone, its good for it to be someone local in your community.

- Even better for it to be multiple local custodians that hold multisig keys, so they would have to consipire to rob everyone (and the users of the fedimint know where they live and can go put a beating on them)

- Best part, the 'eCash' inside the fedimint moves around freely, without any trace. no users, no wallets, no blockchain. its just data moving around like *actual physical cash* would

- The 'eCash' is also interoperable with lightning, so you can still send to CashApp, Strike, WoS, BlueWallet, etc. which would leave the FediMint automatically and seamlessly.

*Here is the finishing move:* Bitcoin is not scalable, even Lightning is not fully scalable to billions of people without taking years of full blocks to get people onboarded. FediMint+Lightning is scalable TODAY to the world.

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Replying to Avatar Brent

Thanks for that thought and picture.

I often wonder why us (I include myself) Bitcoin maxis can be so instantaneously confrontational about any other Blockchain. It's really like comparing apples to tomatoes. They're both fruit but different things.

Ethereum to me is a technology using Blockchain that has smart contract functionality. And thereby could have many use cases for disruptive technology. Could replace the engine behind the stock exchanges for example. And so many other possibilities, too much to dive into. But at the end of the day, it's a technology/speculative play. I like a lot of technology. Loved the VOIP technology growth. Love the breakthrough of the iphone that created all smartphones. Love the technology use in Uber. Love how I can order on Amazon and get same day. And I think Ethereum technology could have tech that I love too.

But it's not sound money. Something that can change the rules/code at will. Absoleet all investment in the pow hardware for their network. Have no finite amount of total coins. Is not a sound store of value. And now some in the eth world call their token "ultra sound money" is ridiculous. They make that argument because there can be burning of eth. Sure it could lower the total supply and increase its usd price momentarily. But far from sound money. Something that constantly has rules changes and is a tech/speculative asset is not sound money. Maybe that argument about ultra sound money is what bitcoiners take exception to and shitcoin it daily.

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