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Nick Slaney
38609f8bb73a240a557511257c8917120a160657d9cb54d499315c1ff8ab8f0c
MOE maxi

It ain’t much but it’s honest work

I did not mean to misnumber your company nostr:npub1qkfnmpuz692azr8c5phn0930x2v92xyqvwgr6ve8znaa3qd6c3hq09ertp I’m only here to keep Tony from “but maybe that’s okay”ing himself into a hard to defend position

Guy on Reddit: Satoshi Nakamoto is Hal Finney in Japanese leet speak

Me: ok but have you ever considered calling him Satty Naks

Replying to Avatar JeffG

📣 Announcement time! 📣

As you might have guessed (from the photos I keep posting, mostly), I really love the place where I'm fortunate enough to live. It's a small town in northern Italy. We're surrounded by 3000m peaks, Lake Como is a short drive away, and the people are warm, welcoming, and hard-working.

My wife and I moved here 14 years ago with no more expectation than trying to figure out how we could live in the alps to climb and ski right outside our backdoor. Over those 14 years, Valchiavenna has become our home.

For a long time, I've been plotting and scheming about how I could give more back to this community that has given me so much and over the last few months, with the help of many local friends, all the pieces have started to come together.

Bitcoin Chiavenna is aimed at building a stronger Chiavenna using Bitcoin but; more broadly, it's a project focused on exploring how small, often marginalized, rural communities can benefit from adopting Bitcoin.

Chiavenna is the perfect petri dish for experimentation. We have local hydro power generation (run by a local coop). We are a stone's throw from Switzerland, which brings both tourism and shows local government how sane (and very minimal) regulation of digital assets can be beneficial. And, unlike many small towns in Italy, we have a large population of young entrepreneurs who haven't bailed for the big city and have started dozens of local businesses.

My hope is that our education and our learnings will be beneficial for other towns across Europe and North America. Many of whom, facing the death of their traditional industries, are having to find new ways to thrive, and do so without becoming wholly dependent on the central government for handouts.

I grew up in a small town. I live in a small town. I want to see tens of thousands of vibrant, wealthy, interesting, weird small towns across the planet. And I want them all to run on Bitcoin.

If you're with me, I'd love your support. We've just launched a Geyser project to raise funds for the first phase of several projects. We've got some cool rewards listed there, with more coming in the future.

And if anyone is coming through the area, let me know. I'd be happy to show you around and help you leave a few sats behind at local businesses!

Onwards and upwards! 🏔️🚀

https://geyser.fund/project/bitcoinchiavenna

Complimenti!

My child: AHHH

Me in my head every time: *I remember you was conflicted, misusing your influence. Sometimes I did the same. Abusing my power, full of resentment. Resentment that turned into a deep depression. Found myself screaming in the hotel room

Well it’s pretty simple, for bitkey 2/3 keys are controlled by the entity that controls the money. It is very simply self-custody.

For fedimints, it’s 4 third parties that you need to trust to custody your money. I don’t know how those 4 parties also enter into a federation without explicit trust between them. In a federation you need to confirm:

- whether those third parties are actually different people

- whether those different people actually hold the keys they say they do

- what the relationship between them is

Their relation being the really key part. Is it 3 people from the same company? I don’t know how you enter a federation without explicit trust and some sort of relation with other guardians. This is usually done formally with contracts.

So if this custodial system was controlled by multiple trusted entities, with contracts between them ensuring that 3/4 doesn’t steal all the money, what is that ecash issuer?

What we need to do is make sure they have their db admin access configured for at least dual auth, 3 of 4 even better

The group of people at stacker news form a federation, where a majority are trusted to not mess with the database