Running lightning nodes is too complicated for 99% of people

To do non-custodial lightning on your phone it needs to be online when you receive the payment and requires an initial onchain tx to receive.

This is terrible ux, so you are forced to use custodial solutions like wallet of satoshi, and privacy is terrible.

fedimint is a third option: the mint can provide a lightning address for receiving and sending out zaps even when you’re offline. This is private, temporary custody.

When the phone comes online it can choose to sweep fedimint funds into its non-custodial phone wallet (a future non-custodial ⚡️ wallet in damus as an example). In the UI this would be simplified as your custodied and non-custodied balanced summed to your total balance.

Damus’ fedimint would be federated with other guardians such as mutiny, so I can’t unilaterally rug the custodied balance. This is implemented as a multisig bitcoin wallet behind the scenes.

The use case is killing non-private lightning custodians who can unilaterally rug you. nostr:note12yd075f9un56nlmmh6dk6ehxnatjg5kf35wcevx8rwa8kstzt5rqkv8n9m

FEDIMINTS ARE GOING TO BE FUCKING MASSIVE.

SAME WITH CASHU.

INCREDIBLY FEW REALIZE THIS YET.

FEDIMINTS ARE GOING TO BE FUCKING MASSIVE.

SAME WITH CASHU.

INCREDIBLY FEW REALIZE THIS YET.

There is no historical precedent for cheaper, faster, more secure, and open technology losing to more expensive, slower, less secure, and closed technology.

While many don’t understand this yet, this time is no different.

#Bitcoin

#Nostr

I remember when Odell started talking about Prime Trust going bust before it did, I talked to someone at Swan about it and they assured me "trusted custodian" "certified fiduciary" or some suit talk for "couldnt possibly be re-hypothecating your money". I decided I trusted Odell more, and what do you know, turned out Odell was right.

It's not difficult to understand the entire cryptocurrency industry is a joke.

Dogecoin is literally one of the largest coins.

No, with 512k followers it has a lot of use.

Money trends to ONE BEST LEAST UNCERTAIN tool.

Not two, five, or 1,000 tools.

There is no second best.

Metcalfe’s law, Gresham’s law, Thiers’ law, etc.

Square is about to launch a premine scam. Anytime now

Good morning friends ☕️

Consider,

Twitter could've implemented lightning tips, or honestly payments of literally any kind YEARS ago. But they didn't. Why?

#Nostr on the other hand has accomplished this in no time, and everyone who has experienced it immediately feels what a big deal this is... but why exactly?

Numerous features implemented in Nostr could've been on Twitter all this time.

• Do you think it's because they didn't want to?

• Was it too technically difficult, even though Nostriches pulled it off in a matter of days or weeks?

Of course not, it was POLITICALLY infeasible. Remember how Facebook spent *years* and bookoos of capital trying to create a *whole new currency* just to enable it because there was no chance of doing it with dollars? They were even dragged before Congress to explain why they would do such a thing as enable payments on social media! How dare they! It was easily squashed despite the fact that the list of those backing it was essentially a Who's Who of Silicon Valley fintech.

And what did the Twitter Files teach us? That not only would the suffocating regulatory environment make tips and payments on social media virtually impossible, but the political leviathan refused to even allow them to freely TWEET to their followers! Intelligence agencies were both *funding* social censorship & had direct communication channels to shut down people's accounts, shadow ban, & ensure that "unapproved" opinions simply can't travel through the network.

Like @#[0] said, "this has the power to monetize dissent." Consider the insane power of sharing an "unapproved" opinion to millions of people and being directly rewarded with 1000s, maybe 10s of thousands of private, instant payments while the post has unfiltered, free flow to every last user in the network.

No more "donation services" or "patreons" that take 10% and will preemptively shut down anything remotely against the establishment. No more Go fund Me's fuck stealing millions going to protestors to donate to a "charity of their choice." They are all immediately redundant & pointless.

Instead we are walking into a world with unfiltered, free flowing information and unfiltered free flowing money.

The simple fact is that no large, centralized social platform of any kind CAN do what Nostr does so easily. Because they have a gun to their head & they know it.

This is the 10x value add that is going to wake people up, and it's going to start with ALL the dissenters. We need to find all of them and bring them here.

The simple ability to have direct access to millions of followers, and be able receive payments and tips from them directly, unfiltered, untaxed, with no middle man & no authority whatever involved...

They are afraid as FUCK of that power. And they absolutely should be. Think of what a staggering problem the mere existence of someone like Joe Rogan has presented in the past couple of years. Now consider they attacked him through his network, his advertisers, his payment processors, and a huge targeted propaganda campaign (and fucking LOST despite, 🤣). Now think about the 1000s of others we watched get attacked, banned, deplatformed, canceled, etc...

–––––––––––––

Now imagine the past 3 years done over again, except without any of that being possible anymore...

Guys, we are right in the fucking middle of the revolution. It's right now.

⚡⚡🔥🔥