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Big Barry Bitcoin
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Big Barry Bitcoin - Bitcoiner, pleb, developer, enthusiast, 👎💩coins Check out my nostr blog! https://big-barry-bitcoin.npub.pro/

Wait, if not everyone on the list is a pedophile, then what exactly are we learning here?

Don't we already know many of the high profile associates? What can this serve?

A classic.

And she destroyed the loophole when he asked if he would get 1 milli from kissing her.

Can't believe he didn't use that.

Replying to Avatar Mags

Sure, but will there be any bitcoin in that wallet? Cheapo.

Facebook is not TCP IP, so why do we accept it as a benefit of the internet?

I think you are either being disingenuous with your words or you are confusing them.

Most people understand the difference between "scaling Bitcoin" using layer 2's with unilateral exits vs "scaling Bitcoin" usage through services.

In the absence of the former, because it is hard and it does take more time, the latter has a purpose in the short term. The good ones will also contribute back in the form of funding and innovation being made public.

The only thing I can think of that you are referring to is the idea of limiting your mint to certain people (e.g. a small community) without falling back into accounts so you never know 100% who spent what and when.

The idea would be to provide a KYC gated way to MINT ecash by paying a Lightning invoice, but spending is unlimited.

So imagine in a community of just you and I, if you wanted to give your friend Bob ecash, you could, and Bob could spend it too, but if Bob wanted to mint ecash to give to you, he can't. Bob is a second class citizen relative to my mint.

The mint never knows who is spending ecash, but the mint can lock away the ability to mint ecash behind a gateway that only certain people can access.

Bob has to pay you the sats directly or pay a lightning address that prompts the Mint to give you the ecash. Bob won't get those ecash tokens himself.

KYC in this context is not official business KYC, it can just be "oh I know that npub, and I trust it. I'll let them be part of my mint". If a business wants to apply real KYC, they can build that themselves.

Also, this would be about identifying customers, not mints. It is not up to mints to reveal themselves to customers, it is up to customers to demand that they reveal themselves or refuse to use their services out of principle.

Using a free mint because they are "cheaper" than the other ones that identify themselves is a risk YOU take to get a better deal over safety.

This could still be useful.

Like how an XPUB allows you to use your wallet without pulling out your seed or keeping it in an insecure place, this could allow you to keep your master key somewhere safe while you simply use its derivatives.

If you can put one of the keys on a secure platform where deletions are guaranteed, (thinking 2-of-2 multisig) then if your personal key is compromised, then you can re-initialise your setup.

Maybe... 🤔

This is super cool.

Do you have any ideas around where users might store their keys? I think for a good UX, it would be cool to label the keys I.E.:

1. This is your client key,

2. This is your igloo key,

3. This is your recovery key.

But honestly, this feels like nsec bunker but where the bunker can't sign for you by itself which I guess is where you are going with this.

It came about naturally. Not sure who actually started it, but there wasn't much else to do at the beginning.

People just wanted to be polite in this small neighborhood of a social graph.