crazy week

the book was honestly a masterpiece 🙏 esp loved learning more about the individual characters of the cypherpunk era that i only knew surface level before

going on citadel dispatch tomorrow! come watch and ask questions 🙏

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if there are thousands of mints running locally to the communities they support? we have tor, bittorrent, etc. things that anyone can easily run with a small degree of altruism or reciprocity can survive

yeah ecash continues to blow my mind 😆

i’m coming to the oslo freedom forum (put on by HRF) in norway in june!

ecash is how we win

will do!

go through brink, opensats, and hrf.

shared a bit more on the thinking here: https://primal.net/e/note1c82kj5yqpaf6w8mulqkmacm2z977ze0hempqv7zqnuhrgvrqymxqhez856

i’m going to be at the MIT bitcoin expo this weekend (to talk about bitcoin etfs and our dev donation program)

who else is coming? would love to meet folks

bc there’s still (sadly) a decent audience that’s not reachable via nostr even amongst honest bitcoiners

yeah both very active tho opensat’s nostr fund is a separate fund

i find myself trying to post on nostr first as a nod to the network even if i later cross post to X

would love to at some point! maybe not via the bitcoin etf but would hope to via bitwise somehow

we put care into designing bitwise’s bitcoin etf donation mechanism

features:

- *no strings attached* donations

- to established non profit orgs rather than individuals to be further arm’s length from devs

- three orgs (open sats, brink, hrf) rather than one to reduce bias and increase reach

- recurring annual donation tied to 10% of profit of the etf to increase transparency and predictability

-long term commitment (10 years)

yes you can dunk on it as “wall street money” but not all wall street money is the same and we put effort into reducing potential for harm while still funding devs

my view is that every actor benefiting from bitcoin should bias towards funding devs while being mindful of harm donors can create (lmk if bitwise can be doing better here! open to feedback for sure but disagree with the idea that etf profits as a funding source is fundamentally corrupt or bad)

receiving some questions about this. i’m not knowledgeable about the matter since i don’t believe matt is referring to bitwise’s bitcoin etf here.

fwiw we’re still very much committed to donating 10% of profits of our bitcoin etf to open source bitcoin devs (via opensats, brink, and hrf) as announced.

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oh amazing. then am i reading this correctly that the max zap limit for my account currently is 11 million sats?

is there a zap limit? or just whatever LN liquidity allows?

cannot stop thinking about ecash send help

this podcast ep was so good.

few new ecash things that clicked for me:

- you can deterministically generate secrets for the ecash tokens from a seed so that ecash can be backed up and restored with similar UX to bitcoin

- the multi-source multi-destination atomic LN tx thing is just next level for practical privacy and censorship resistance holy shit

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yeah feel this