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Replying to Avatar Ethan Tuttle

Why can't ecash be for payments? I personally wouldn't want large amounts of long-lived amounts stored in a fedimint. The former reducing overall rug risk and the latter reduces the chance of inflationary practices (aside from running a client that validates the version of fedimint run by guardians).

Fedimint doesn't explicitly have to be a "bank", although, admittedly, that's been a advertised use case from louder voices than mine own.

Laying out an example:

I'm visiting LA. I somewhat know people in the area, maybe I'm visiting them. There's a smaller network of merchants that participate in a fedimint. Similar to handling cash, they don't keep large amounts in the drawer (in the fedimint). Just enough to do business of the day. When i arrive, I can peg-in (on-chain or with LN) to the fedimint and now have ecash to spend. Each merchant and myself don't have to mange LN nodes and the complexity inherent to it.

Another:

Remove the ecash/BTC/LN modules and insert a password manger or any other arbitrary data. Since the data is validated via consensus among fedimint nodes, the risk and access is distributed. It enables the syncing and validity across disaggregate nodes.

I personally would love to auto-sync my bitwarden instance between home and office servers. I understand there are solutions to that with some automation, but fedimint could offer this out of the box for the less technically inclined.

Myriad of solutions and fedimint could be one. Definitely not the end all be all, but i have to pick something to focus on with my limited time. 🫠

Exactly my original point. You, a technically competent fedimint enthusiast, don't see any problems because you can deposit onchain or over ln, do your business and get out, doesn't matter who the custodian is because most of your meaningful transactions happen non-custodially.

As we've already agreed, some form of custody will be necessary for most people in thw future (impossible for billions of people to own their own utxos).

Thw question then becomes what does the ideal custodian look like? Is it your uncle Jim and neighbor Johnny or is it a sybill resistant, annonymous, dynamic collection of parties deeply invested in the succees of Bitcoin as a money?

Replying to Avatar atyh

Unpopular opinion:

The mRNA vaccine platform has the potential to be an incredible breakthrough in fighting disease. Done correctly, it would tell your body to use its own natural immunity to produce resistance to infection agents, and would cause no damage to the body.

Its really kind of amazing when you get into the science of it.

The problem is not mRNA. The problem is Pfizer. To put it plainly, they are.... evil.

What is being discovered now, is that the side effects are likely the result of the manufacturing process. Or more specifically, it looks like Pfizer used a different manufacturing process for the mass distributed vaccines than it used for its submitted test vaccines. And hid it.

All over the world now, different researchers are discovering plasma dna contamination in the vaccines. The current hypothesis for why this is present is:

Pfizer used bacteria as a rapid growth medium for the dna used to produce the rna. In the test vaccines they took care to remove the residual plasma dna from the process. But in mass production, they let that slide. And as a result, sent out large batches of vaccine with varying levels of residual plasma dna contamination. The side effects of that will vary widely. But in some cases, its likely some people have had their dna altered. That genomic change would be permanent, and hereditary.

Additionally there is strong evidence they used e-coli in the bacterial process because of its rapid reproduction. The membranes of the bacteria used to produce the dna which is used for rna production, is an endotoxin, and results in massive levels of inflammation in the body if not removed after the vaccine production process. It looks like Pfizer also cut corners here.

Basically, it looks like Pfizer hid the fact that their vaccine mass production process was different from their test vaccine process, and cut corners on mass production process, resulting in vaccine batches filled with potentially dna altering material, and endotoxins which produce massive inflammation.

This would be consistent with many of the strange side effects seen all over the world.

So. While the mRNA platform seems to have a great deal of potential, seems like Pfizer is not the company to do it. Besides..their entire corporate board should be in prison.

I think immunologists are too confident in their supposed understanding of immunity.

The simple story that a vaccine just needs to show the "immune system" an antigen and it takes care of the rest is only loosely true some of the time.

Vaccines work, sometimes, but I suspect that it's not for the reasons that immunologists tell themselves.

I am.

But I thought Hawala was for payments. Not a bank like fedimint. More akin to lightning.

It makes sense to me that having friends or family as intermediaries for a short duration could work since afterwards the relationship goes back to being unencumbered with financial concerns.

Glad we agree on so much but you're missing the point.

Friends and family are bad custodians. Bitcoin miners are better custodians (dynamic and annonymous so very hard for governments to pressure, incentive aligned with Bitcoin, etc. )

Privacy on a chaumian mint is comparable to a zcash sidechain but the zcash sidechain also protects users from the custodians ibflating the supply. So the sidechain is strictly better.

We have millions of dollars and tons of smart young people (fedimint bros) working on a worse tool and telling their followers that an opt-in softfork that enables a zcash drivechain is "dangerous" because "shitcoins on bitcoin" or "changes incentives". This is a problem.

That being said, I don't think working on fedimints is bad or anything, we should have as many solutions as we possibly can and let the best one win.

Thanks for the thoughtful reply, I'll respond to each paragraph:

1) Not to any particular part of the world, to most people generally. It's simple to see that this true, if you have money, you keep it in a safe place only you have access to or in a bank, not with your brother. I think this was true even in the days of gold and silver.

2) The main downside is that the custodians might collude and run away with your money. The other downsides are the politics involved in chosing the custodians, the day to day annoyances of running the mint (even if the software is great there will always be tech issues that will have to be dealt with), the politics of chosing a fair fee structure to compensate the custodians, etc. In addition, having your friends and family serve as custodians might be better in terms of decentralization but it also introduces drama into relationships that you wpuldn't otherwise have.

3) It could be any "coin", the point is that it is a mistake to think thay Bitcoin is invincible. Ethereum has a lot of network effect and if they get a scaling solution with less downsides it might be preferred by the billions of people that will need to be onboarded in the coming decades. More worringly, cbdc-esque "coins" will come with the threat of state violence to reinforce their network effect, of course they have their own downsides (lol) but the fewer downsides our scaling solutions have the better.

I think fedimint bros think that they'll be the one runnung the fedimint, so they never consider the downsides.

I wouldn't use a fedimint run by my family or friends because I prefer not to have money involved in those relationships. Most people feel this way.

May take years of pain to realize that a dynamic federation kept sybill resistant and annonymous through proof of work is a good scaling solution but it will happen. Let's hope the self delusion of fedimint bros doesn't retard this realization for so long that another coin gets more network effect.

Well first I try to stay healthy and fit, do combat sports training for personal self defense (worst case scenario) I'm well connected to local farmers, make connections to people who understand the gravity of the situation.

Talk about it, show the people the official documents, they are not in secret but rather public, people just don't know where to look.

Exposing them, calling out to obvious dangers.

Stack Sats in Cold Storage, get basic medication, vitamin supplements, use Cash instead of Card Payments.

But they are far from succeding, rather they are panicking right now but they won't go down easy and quiet, rather we already put them into a downward death spiral where they expose themselfs more and more by becomming more radical over time.

Identify the enemy and it's progamm(Ideology/Religion)

Push them to make mistakes which you use against them and drag them into courts, it leads to the public loosing trust in them when they become aware of for example their shameless profiting.

Stay on high frequency thoughts, love and positivity, I use Bitcoin,Nostr and Jesus Christus as an Anchor Point to stay sane.

Laugh at them, make memes, riducule them in every way possible.

Inform yourself about legal implications of the pandemic Treaty (US won't have elections in 2024)

Get connected to key players who played along the first time and talk to them in a human and sane manner, show them sources, documents.

There is also an emergency backup plan in case everything goes in a horrible bad direction. Which foots on a legal basis but I don't want to disclose as of now.

Most important have fun, it's the most interesting time to be alive for sure, and never be afraid! 😉

Good advice, ty

You need both. They ban "nazis" on twitter (evrn if it would make them more money to have them) to win some warpped moral battle.

We must win morally AND economically