Well, I'm advocating for people to use custodial wallets for money they are willing to loose. I'm also fan of making these solutions less prone to be rugged.
That's why I started this thread, in the hope to spur a good discussion on what we can do better in the future.
Due to the mocking nature of your posts, my patience with you is now up, and I will not chat with you any further.
Haha, if we are to nitpick over the wording some more, I would argue the word centralized/decentralized can be used to describe several aspects of a software system.
The aspect I were thinking about is how easy it is for the people behind the service to screw over their customers. And I'm asking how to make the mints more trustworthy.
A better word to use here may be trustless.
Cachu does not have a trustless setup and therefore I were asking how to mitigate the lack of trust.
You tell me that the Cachu use federated solutions. That's new info to me as you can guess since it was one of the solutions I proposed.
Back in the day I remember Calle telling me that Cachu does not use a federated setup. So good for them, if your information is correct and they have been coming around on that one.
I mean centralized as in 'single point of failure'. If the mint goes down your ecash is worthless.
yea the guy who runs the cachu mint can at any time choose to shut down and run away with all the Bitcoin.
Lots of hype around cashu atm (pun intended) even though it is a highly centralized and hence rug prone solution.
I wonder if the way forward is a WoT approach or federated solutions like Fedimint or something else?
#asknostr
#ecash
#devs
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Kiki Beach, 1.0
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point, but wouldn't the swap be pretty fast and cheap though?
Didn't know they are that far in China. Many places in Europe robocars still seems years out in the future.
I think it's too early to say as Nostr evolves fast so it's hard to say where it'll be years from now...
That's also what's exciting – what aspect will make it resistent?!?
Maybe its mere ability to evolve, and do so rapidly, is the answer!
I also think Latam as much part of the western world as it can be, without being part of it. This is mostly because of shared culture.
You need to either innovate more or attract innovators/businesses to the Latam area.
And to make to place attractive you need some systemic stability and efficiency, so that businesses believe they can count on the people they do partnerships with, and so that people feel safe working from there and living there.
Sorry I feel I have to follow up on this one because first answer was horribly.
I think the main reason is innovation.
The last hundreds of years significant innovation has come from north western Europe. Basically from the France/Northern Italy and upwards. Perhaps with epicenter in the Nederlands.
The US has contributed significant innovation as well, same for Japan.
With innovation comes business. And with business comes partnerships.
So there you have the outline of the west + Japan.
This is what I'm most thankful for 🙏 #grownostr
nostr:note1ny7eudfjru2jrn3n7ekc6tes0feq6s9lc8g2hdduscgl0jk6yu4qv3dy4n
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