Some Fridays I wish the world could have a window into what happens at #SovEng

Today was such day.

Very very bullish on the future.

We love thinking about how miniscript can solve real world problems. For instance, how could it help align the incentives for Outies and Innies?

a 🧵 about how #Bitcoin fixes Severance

(spoilers)

⚠️ Here's the problem:

💰️ Outie wants to get the big checks for working on the severed floor

☹️ Innie may be miserable, but has no way of telling Outie it's not worth it

💥 Incentives are not aligned

👇️

👛️ New wallet:

💡️ Lumon pays all severed employee salaries into 2-of-2 multisigs

🔑️ Outie gets a key

🔑️ Innie gets a key

❌️ Funds don't get transferred into Outie's spending wallet unless Innie signs

👇️

🤷‍♂️️ Innie doesn't have use for funds (nowhere to spend)

🗜 But Innie can refuse to sign

➡️ So Outie has incentive to pressure Lumon to pay attention to Innie demands

👋 What if Outie just decides to quit?

👇️

👨‍💼️ Innie wants to keep Outie coming back to work

👛️ New wallet:

💡️ Every year Lumon deposits bonus into a 2-of-2 with recovery key that can spend after 13 months

🔑️ Innie gets key

🔑️ Outie gets key

🔑️ Lumon gets recovery key

👇️

🚨️ If Innie and Outie don't agree to move bonus within 13 months, Lumon takes bonus

⏱️ But Innie can make Outie wait till next year's bonus hits

💡️ Lumon increases bonus size every year

💵️ Outie keeps coming back to get next bigger bonus

👇️

✌️ Outies and Innies have a reason to work together for mutual benefit

🤝️ Bitcoin is a means of aligning incentives for people in different circumstances

🤗️ Your Outie may not know how it feels to be an Innie, but they can still come to consensus (every ten minutes on average)

cheap gimmick to get people to upload personal photos to openai

Early-stage Bitcoin founders looking for a technical advisor? Hit me up.

How will you be verifying open source applications and why is a physical address required?

How to create a micro-circulation with Bitcoin Children get it as a reward for completing English language learning levels or for a small fee for helping out at a coffee shop. And when they want to play games, they use bitcoin to buy game time.

#siamstr #HPP #Huaiphuengproject #nostr #v4v #p2p #lightning #zap #localthailand #huaiphueng #kalasin #thailand #bitcoin #plebchain #runningbitcoin #ecosystem #wherostr #bitcoinhub #bitcoinasia #nostrasia #bitcoincity

How to create a micro-circulation with Bitcoin Children get it as a reward for completing English language learning levels or for a small fee for helping out at a coffee shop. And when they want to play games, they use bitcoin to buy game time.

#siamstr #HPP #Huaiphuengproject #nostr #v4v #p2p #lightning #zap #localthailand #huaiphueng #kalasin #thailand #bitcoin #plebchain #runningbitcoin #ecosystem #wherostr #bitcoinhub #bitcoinasia #nostrasia #bitcoincity

Forever 21 is filing for bankruptcy.

Who’s the Bitcoiner that’s going to purchase it?

I received a Coinbase scam email earlier today and honestly it's the best one I've ever seen. Hats off to you, and fuck you, to those scammers. They're going to steal millions with this.

It's all legitimate sounding, and I honestly believed it at first, until I read the part where they gave me 12 seed words to use in my self custody Coinbase Wallet 😂

Help your friends and family. If they use Coinbase, reach out to them and let them know that it's a scam. (And help them withdraw to a real wallet that they own.)

So Silk Road. They have a Silk Road Reserve + change. nostr:note15lp0ac35qal7nqsj0madryaeyaea9lw954qltdudjraha2jyg23q2z88yy

Me too, but gotta start with catering to devs first:

That gives me the foundation to build out the apps that can then attract the less-geeky designers that work with them.

Will not make much by targeting the 6 designers around here.

Me too, but gotta start with catering to devs first:

That gives me the foundation to build out the apps that can then attract the less-geeky designers that work with them.

Will not make much by targeting the 6 designers around here.

Sundays are for figuring out how to cater to Designers #FigmaOnNostr