Good morning!

never knew

never knew

yeah he weirds me out too...

never got banned if i recall correctly which is super odd...

a bit of a one dimensional approach...

better than cnn though!

The fedimint custodians cannot unilaterally rug you, but they CAN arbitrarily inflate the token supply unless the tokens have some kind of cryptographic claim on the sats held by the mint. When a fedimint becomes popular, there is no way to audit the issued tokens unless privacy is eliminated. The technology for cryptographic claims on lightning sats is imminent, and possible, just not designed yet. If it becomes feasible, the cashu mint model will provide sufficient guarantees of custody, relying on the lightning network enforcement mechanism, and a fedimint will be unnecessary and likely cumbersome.

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タイ料理食べたい

NO PRIVACY? NO FREEDOM.

NO FREEDOM? NO WEALTH.

(In the USA)

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

Looks like my little elderberry cuttings and yaupon transplant survived the hard fteeze in the mini greenhouse. They had no extra source of heat, and we got as cold as 14F. #grownostr #permies #gardening #homesteading

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Looking for a writer for various Bitcoin shows in production. If you are saavy on all things BTC and monetary history (Federal Reserve, WTF in 1971, etc.), and have ever wanted to write for high-end scripted shows and documentaries, this position is for you!

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could be a bit too obvious - i mean put yourself in the position of the ones at the pinnacle. are they really gonna leave paper and identity trails?

or would they have disappeared from the scene back in some other age, having carefully constructed a multilayered public facing scapehydra to carry out your efforts to maintain position?

im not saying there isnt a problem with the other group in question here - its clear there are some issues that need sober assessment and policy corrections in regards to that group.

youre insane. and muted.