GM. Ecash is a scaling a privacy solution for bitcoin.
#weedstr needs #fedimint
I think the cannabis industry might be a strong candidate for the first industry in the US to adopt ecash.
They sit on piles of cash and have a hard time moving it. Their customer base is too paranoid because of too many dabs so want the privacy.
About to chat with a smart dood in the fedimint discord. chat.fedimint.org
20230918 - Fedimint Dev Call
Sorry no write up this week. Scarce cycles.
This feels appropriate.
https://nostrcheck.me/media/public/nostrcheck.me_3435888585057579831695039631.webp
Stratum v2/Fedipools
Stratum v2 is the most important tech being developed in bitcoin.
It doesn't matter how many people can share 1 UTXO if the miners are too centralized.
One of the keys to decentralizing mining, imho, is to spread out the hashrate.
home and hobby miners. heating devices that happen to mine. A small amount of hash isn't that great if you need consistent payments on a regular schedule. More people can manage plugging in small amounts of hash. this decentralizes the hash more.
Enter fedipools and the poolimint module. ecash benefits. privacy preserving. offline capable. swappable.
Small miners already trust custody of low amounts of sats to pools. fedipool spreads out the trust/risk. pool operators no longer hold the funds as a single entity. similar to the unchained model, each guardian in a federation only holds one key. no threshold by themselves.
badass LN operators can jump into a fedipool as gateway operators and do what they do best, liquidity management.
other writing: https://www.discreetlog.com/fedipool/
others writings on the topic:***
Stratum v2/Fedipools
Stratum v2 is the most important tech being developed in bitcoin.
It doesn't matter how many people can share 1 UTXO if the miners are too centralized.
One of the keys to decentralizing mining, imho, is to spread out the hashrate.
home and hobby miners. heating devices that happen to mine. A small amount of hash isn't that great if you need consistent payments on a regular schedule. More people can manage plugging in small amounts of hash. this decentralizes the hash more.
Enter fedipools and the poolimint module. ecash benefits. privacy preserving. offline capable. swappable.
Small miners already trust custody of low amounts of sats to pools. fedipool spreads out the trust/risk. pool operators no longer hold the funds as a single entity. similar to the unchained model, each guardian in a federation only holds one key. no threshold by themselves.
badass LN operators can jump into a fedipool as gateway operators and do what they do best, liquidity management.
other writing: https://www.discreetlog.com/fedipool/
Is this the appropriate response to very obvious scammers sending you a DM?
https://delvingbitcoin.org/t/bitcoin-developer-tools-suck-possibly-devimint-fixes-this/94
nostr:nprofile1qqs04xzt6ldm9qhs0ctw0t58kf4z57umjzmjg6jywu0seadwtqqc75spp4mhxue69uhkummn9ekx7mqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3vamnwvaz7tmpw3kxzuewdehhxarj9ekxzmnyn9c6nd nostr:nprofile1qqsr9cvzwc652r4m83d86ykplrnm9dg5gwdvzzn8ameanlvut35wy3gpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyv8wumn8ghj7am9d33k7mt99ehx7um5wgh8w6twv5q3gamnwvaz7tmjv4kxz7fwv3sk6atn9e5k72gqxlk Does nostr need bitcoin dev tools?
How do I get a telegram account without a phone number?!?
https://mynodebtc.com/products/two
nostr:note1f33a9maerl0vq2h2flldqejurez3xrhjvxjkvktksgr620gznk4skvfy2v
👀
I want to pick three node in a boxes to bundle Fedimint and gatewayd for.
1. Start9
2. Umbrel
3. ????
Thoughts?
Please share for viz
https://bitcointv.com/w/gXuKzcErKxWDv3KKBHZSbA
Bitcoin developer tools suck, Devimint fixes this