If we want ecash to have any hope of working out, we need anonymous mints, but anonymous mints are likely to get stolen. Instead, we need anonymous mints that are operated by one of N well-known and trusted parties. Mint operator(s) should take N public keys known to be from N well-known and trusted persons in the bitcoin space, then create ring sig(s) across those N to reveal that they are one of those N parties, but not which one.

Given many long-timers at one point or another had public donation addresses or some other key that is known to be theirs, this should actually be relatively doable, just don’t put too much money in the mint :)

The new 60/40 portfolio is 60% of your stack in cold storage and 40% in Lightning channels.

#Bitcoin

#Onchain

#SelfCustody

#StoreYourSeedPhrase

#LightningNetwork

#Layer2

#stackSats

#stackZaps

I recently learned that legislation has been drafted on Capitol Hill to classify *not re-using Bitcoin addresses* as "mixing"

There are also efforts to force "unhosted wallet providers" to collect user info for taxes

As well as to give power to Treasury to sanction any address (even Americans)

And a whole lot more bad stuff

IMO Coin Center does vital work to fight this and to protect privacy tech

They are a compact team and do a lot with the resources they have

They sue the OFAC and Treasury

They consider the Bank Secrecy Act unconstitutional and act accordingly

I just spent some time with their leadership team, asking questions, and came away impressed, I would strongly suggest a donation today

coincenter.org

So would the price of bitcoin need to be for that to be generational wealth, I wonder?

nostr:note14vy29e4hn77zs4xq9x8hgwn4ga68v3phyp8kz0zvsy8u2y3zxekqdx6upk

It could happen faster than anyone thinks

I just heard someone say that in the future you will be able to buy a nice home for 20k sats - 30k sats

And by the time this is a reality, the average person’s stacking goal would be 5k sats

Or like a household that’s hodling 10k sats will be well off

The only question is

How long will this take?

Could be 2025….

Could be 2030

Who knows

Soon I think

Don't underestimate the power of a #nerdminer as an entry drug for mining.

Many scoffed at them as useless, or worse, a scam.

I'm now running BitAxes using solar and I'm planning some S19 space heater builds.

Pleb mining ftw 🤟

Yeah it was just the medium of exchange. They will move it to the trad system and hopefully some to bitcoin too if they listen

My parents sold their house and got paid in USDT. They had been getting offers from this one government dude hence the USDT. They finally accepted an offer this morning and the buyer showed up 30mins later and sent them the money. All done just like that, violently fast, as my sister put it 😂

Contrast that to a few years ago when I helped my sister buy a house and got my bank account shut down cause I tried to wire transfer a large sum. I ended up having to get a cashiers check and depositing it at the bank of the person they were buying the house from.

Yeah. What other kind is there?

Get a mechanical watch, carry a wad of cash. Leave your phone at home. Head out into the world like this at least once a week and enjoy life without any digital bullshit. Thank me later.

💪