tank
Tankred Hase

Building StashPay • The Chain is Lava

Public Key

npub1xyd5ja34s4nk0l6urnh69wx9ep6uuxz2ujrkm2f8n6pfhgqa6y5s2xn6n2

NIP-57 Address

nippyhen31@walletofsatoshi.com

Profile Code

nprofile1qqsrzx6fwc6c2em8lawpemazhrzusawwrp9wfpmd4yneaq5m5qwaz2gpzpmhxue69uhkummnw3ezuamfdejszrnhwden5te0dehhxtnvdakz7ewsh20

Publishing to

nostr.wine

nos.lol

Author Public Key

npub1xyd5ja34s4nk0l6urnh69wx9ep6uuxz2ujrkm2f8n6pfhgqa6y5s2xn6n2

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Last Notes

2024-09-04 16:45:21

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Amazing work Ross!

2024-09-04 13:12:24

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FWIW I would personally trust the Liquid Network over a bank any day, especially for payments. But anyone can make that decision for themselves and their business.
Don’t forget as a US citizen you are speaking from a position of privilege. There is an underserved market that can’t get a bank account easily. Digital nomads and global small businesses is one of them. As a “foreign resident alien” (or whatever the IRS calls me) it’s hard to get a business bank account for my LLC. US banks see you as a compliance risk, not worth their time. So I have to use fintechs like Wise that don’t offer FDIC insurance. I’ll def take Liquid over holding any funds there.

2024-09-04 09:47:26

I think it might be useful distinguish between multiple use cases and threat models for Bitcoin as a medium-of-exchange and acknowledge that these are being served by different architectures.
1. C-2-C payments
2. B-2-B payments
3. B-2-C payments
It seems to me 1. requires trust-minimization and high privacy. This use case is currently being served by LSP based self-custody Lightning wallets. And also by Cashu/Fedimint though these do leverage local trust and social incentives to share UTXOs.
For 2. and also in partially for 3. I think federations like Liquid leverage trust between businesses. So not on a local/private level but on a corporate level. Trust relationships in business can also be viewed as a type of social inventive structure to scale UTXOs but these are more abstract. So it makes sense that these federations have more members and I hope we will see more than one competing with each other.
I’m still wrapping my head around Liquid, so I need to give this more thought. But it seems useful to reason about it that way.

2024-09-03 07:43:54

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Your first assumption is correct. The funds are received and held by the user‘s liquid wallet on their phone. There is no lightning node on the device, so no need to manage inbound liquidity. Boltz handles all of that.

2024-09-03 07:35:35

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Thanks for the feedback! Letting in testers gradually to make sure I don‘t get the same bug reports from everyone. Also to protect user funds from being lost. Will open it up once the quality is there 🙏🏼

2024-09-03 07:13:35

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Thanks Aljaz!
Re 1. yeah the idea is focus on receiving first. Will see where that journey takes me and add features customers ask for.
Re 2. a valuable service is also what I want to build. StashPay users will always be able to export their BIP39 seed and move to any other wallet that builds on the Liquid SDK. Keeps me honest.

2024-09-03 06:48:38

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Thank you 🧡⚡️🙌

2024-09-03 06:08:14

GM ⚡️ LFG #note1wxs…ha5s

2024-09-02 18:55:28

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Thank you 🙏🏼🧡⚡️

2024-09-02 16:46:49

Introducing StashPay, a Bitcoin wallet for freelancers and digital nomads.
🌎 Get paid in Bitcoin, anywhere
🤑 Low fees: 0,25% + 40 sats to receive
⚡️ Built on Lightning & Liquid
🧡 Your keys & no KYC
🧾 1st class Invoicing & Accounting
Learn more and sign up to the iOS Testflight release here: https://blog.onionmill.com/p/introducing-stashpay-a-bitcoin-wallet

2024-09-02 07:30:40

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So much going on, lol 🙈

2024-09-01 12:53:10

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Nope

2024-09-01 12:49:29

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Yes… will share more soon.

2024-09-01 12:47:11

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A new one 👨🏼‍💻

2024-09-01 12:18:22

Running … https://image.nostr.build/33a74fea0ed2a0410c2b156c0439d747731acdcce9ce788d55eaf5f3d0bdc46a.jpg

2024-09-01 08:45:25

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Thanks Lyn, appreciate you

2024-08-31 18:10:37

I hope they ban Bitcoin too #note1rpn…s26v

2024-08-31 13:26:49

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https://obscuravpn.io

2024-08-30 13:55:59

This is great, and I would add to it…
People project their fears onto whatever “other” they have identified and then unleash their anger onto them. Often due to a misunderstanding.
When someone acts in a certain way it often has nothing to do with you and mainly to do with their own unresolved issues. #note1gp0…mnzl

2024-08-30 11:33:43

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Probably Safari’s integrated cookie tracking blocker. Some sites don’t work by design until you disable it :(

2024-08-29 07:29:43

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HODL Life Coaching LLC

2024-08-29 07:26:10

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💯 I’d add owning one’s time

2024-08-29 06:48:25

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Couldn’t agree more

2024-08-28 16:17:53

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It’s funny how seeing the increase in EUR prices gave me anxiety, while seeing the price drop in BTC made me feel empowered.

2024-08-28 16:15:37

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Spoke with a friend who told me their rent in the Canary Islands is 30% higher in EUR terms this year compared to last year. We’ve both been going there the last few winters. I calculated the rent priced in BTC terms and it’s about half as much this year compared to last year.

2024-08-28 13:34:18

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What’s the best location to organize mentorship events?

2024-08-28 13:14:55

@npub1tsg…htk4 how do we unleash the productive capacity of a thousand AI indie hackers through zaps?

2024-08-28 13:14:35

@dave how do we unleash the productive capacity of a thousand AI indie hackers through zaps?

2024-08-28 10:08:58

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I’ll zap you 100 sats if you make the decision for me based on a list of 10 best features of each.

2024-08-28 10:02:49

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I’m looking for answers Dave, not more questions!

2024-08-28 10:00:42

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I like sublime

2024-08-28 10:00:22

@npub1tsg…htk4 emacs or vim?

2024-08-28 09:12:35

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yes https://x.com/karpathy/status/1828210213620748655

2024-08-27 16:49:16

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ChaCha20Poly1305 is a great choice on mobile due to lack of AES hardware acceleration. It’s also available natively in Apple’s CryptoKit as well as Google’s BoringSSL. I used it for Photon’s encrypted cloud backup for these reasons.

2024-08-27 14:56:04

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I would totally sign up and pay.
Been thinking about this further. Imagine an AI bot that gives
real time feedback on behavioral patterns and counterproductive programming from childhood. We could become aware of stuff holding us back much faster than e.g. a weekly therapy session. Then try different approaches and course-correct instantly instead of weeks later.

2024-08-27 11:34:34

Power corrupts and absolute power corrupts absolutely.
Macron is no different than Moxie launching a shitcoin, or Durov lying about Telegram’s encryption.
We are all blind to hypocrisy without the people around us keeping us honest. May we keep friends close that call us on our bullshit. It stings in the moment, but it protects us from our ego in the longterm.
#Nostr and #Bitcoin are technical manifestations of that check on the ego. They’re imperfect, but the best protocols we currently have in a world that has become unhinged. May the transition be peaceful.

2024-08-27 07:34:45

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https://x.com/gordonbrander/status/1827997632784179454

2024-08-27 07:28:46

To quote Gordon Brander:
things that are simultaneously true:
1. telegram is not an encrypted app
2. it is marketed as an encrypted app
3. the arrest of Telegram’s founder is probably possible because it is not an encrypted app
4. the arrest normalizes prosecuting people who build encrypted apps #note169u…0w8x

2024-08-27 06:58:59

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https://x.com/moxie/status/1828323610328736010

2024-08-27 06:58:43

😂😂😂 https://image.nostr.build/718193a97e3d08fae3934355dfae59ad05d143cb592ac808143657b31d15f5c7.jpg

2024-08-26 11:14:10

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TG already has to comply with legal requests either way. Regardless of SSL I hope this is wake up call for anyone using TG for private comms.

2024-08-26 09:16:26

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Don’t get me wrong… Durov’s arrest is certainly worrisome. But to me TG is grouped public billboard system and I assume messages are already CC’ed to govts worldwide.

2024-08-26 08:53:33

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See also https://x.com/matthew_d_green/status/1789690133765091532

2024-08-26 08:52:08

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To me it seems to be more in line with previous behavior. Zooko’s thread is worth reading https://x.com/zooko/status/1827780640668062152

2024-08-25 21:46:06

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I don’t get it. Telegram is plaintext by default. I don’t know a single person who even uses it encrypted. What’s Durov’s point with the story of injecting malicious open source libs into the client?

2024-08-25 19:23:20

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@npub1zuu…c2uc awesome work! Could clients sync MLS state e.g. via encrypted CloudKit records to rebuild convos across a user‘s iOS devices?

2024-08-23 10:34:14

This pod with Pieter Levels has motivated me to just build and ship the ideas I’ve had over the past few years. I love his mentality to just build shit and see what sticks. Don’t spend too much time on perfecting things. Just ship.
I’m currently building a product I need for my business and will try his indie hacker style. Build completely out in the open, self-funded and bootstrapped. I can focus on customers and build for the longterm.
I will try to charge money and validate the business case quickly. But if a product is not profitable, no pressure to shut it down. I’ll just let it run and use it myself while waiting for the market to catch up (or not) and focus on building other product ideas. Most ideas will fail. His failure rate is 95% and I expect no different for my ideas.
I’m really enjoying coding again and am close to having a first PoC running. This week I used https://venice.ai to generate an app icon and privacy policy. Can’t wait to share more soon!
#note1fsm…69u4

2024-08-23 09:51:18

All is well

2024-08-23 06:19:39

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Ich hör grad die erste Folge. @npub17fq…nr8y klingt total nervös 🧡🫂

2024-08-22 11:09:48

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https://image.nostr.build/e9856849859b8476e3b404c0e59d8215ec2a2edaddf493a18091fb0891c3aae2.gif

2024-08-22 10:34:51

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Just tested npub.cash lightning address in cashu.me … worked flawlessly 🙏🏼

2024-08-22 10:19:04

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I agree with everything you’re saying. I guess I am optimistic… people need a certain amount of pain before they are ready to wake up, both philosophically and spiritually.
I’m currently (re)reading Awareness by Anthony de Mello. I can wholeheartedly recommend it as a reset for the mind. It’s a great read if you like to laugh about yourself :)
FWIW I’m also quite optimistic on MoE adoption of bitcoin… it will start with small businesses demanding payment in bitcoin. I’ve run my coaching business almost exclusively in bitcoin for the last two years. I learned a lot about the pain points and am working on a new product to make it easier⚡️

2024-08-22 08:31:06

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That definition makes sense. I’m just wondering if someone runs a mint for family and friends, how will it be distinguishable from any other raspi on tor?

2024-08-22 08:15:33

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… or we see the proliferation of a million grey market ecash mints.
In the meantime we take our time to find a trustless way to scale self-custody.
Life finds a way

2024-08-21 12:18:04

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Depends on the size of the payment. Monthly invoices for freelance work have been cheapest on-chain for me for the past two years. Even in high fee environments it’s lower than the 1% (plus on-chain fee for splicing) when receiving to a self-custody Lightning wallet.

2024-08-20 21:25:59

https://youtu.be/oFtjKbXKqbg

2024-08-20 14:53:49

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Can state-management be abstracted away by a higher level api?

2024-08-20 08:30:26

It's not the load that breaks you down, it's the way you carry it.
Lou Holtz

2024-08-19 19:05:48

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Batching makes sense for pleb nodes. I am mostly interested in mobile, yes. I’m trying to keep an open mind re self-custody mobile Lightning. Though I suspect mobile wallets will start adopting more federated subnets like Liquid and Fedimint. The trust trade-off makes a lot of sense to lower liquidity needs and fees for end user payments.

2024-08-19 13:55:45

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Batching to open self-custody channels?

2024-08-19 09:51:48

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ADHD me time is the best 😁

2024-08-17 10:33:37

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Yeah, good reply from Jeremy Rubin to that tweet

2024-08-16 22:25:58

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What payment volume per month is required for a user to be profitable? Or what’s the minimum required ratio of active spenders vs hodlers? Especially considering unpredictable onchain fees for splicing out inactive users to regain unused inbound liquidity. How would an LSP mitigate that risk?

2024-08-15 14:26:10

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https://image.nostr.build/c7499509578cc368c0ea7b16a3ce89621461e870450e8a6f3afbe174f46578c9.jpg

2024-08-15 14:14:18

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The pro response is to reply thoughtfully and sincerely to the sub-tweeter. Kill them with kindness.

2024-08-15 14:10:51

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Exactly, this is my question with the bitcoin-dollar thesis. The petro-dollar created real demand for long dated debt. But how do the stablecoins provide any meaningful demand for US debt if all they do is roll profits from 3 month bond yields into bitcoin?

2024-08-15 09:08:20

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Which ones would you recommend to follow?

2024-08-15 08:16:44

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Putting it on the list. Thanks. In @npub1s5y…6q7z ‘s recent pod, Paolo says Tether only buys short term treasuries (3 months) due to duration risk and needing to liquidate Tether quickly. Wouldn’t the US need a buyer of longer term bonds to replace China and Japan?

2024-08-15 07:55:23

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Yes, I can recommend the book “The Great Depression: A Diary”
by Benjamin Roth … it’s written by a lawyer who lived through the 1930s and he makes observations about the markets and politics. Very interesting!

2024-08-14 17:43:51

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The process you’re describing is pretty much coaching. But it doesn’t matter what you call it. What matters is if you enjoy the conversations and it’s meaningful to you.
I did 6 months coaching training after working as a developer for 12 years. Just to try something new. Some of the most meaningful conversations I’ve had was with bitcoin founders during coaching sessions.

2024-08-14 17:10:27

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Has anyone ever encouraged you to work as a coach?

2024-08-13 09:22:02

@npub1hk0…20pf is pure 🔥 in this one.
💯 to his point about being tired of the ideological theatre and just wanting to have civil discourse on specific issues.
Watched this one with the girlfriend and now she wants to come to a bitcoin conference with me. #note1n6r…9wuk

2024-08-12 15:03:39

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Yeah, I don’t expect nominal prices to go down. Though prices adjusted for inflation might stabilize. And yes, rents priced in bitcoin become cheaper.

2024-08-12 10:39:21

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I suspect landlords will still need to increase rents to offset costs for the business case to make sense. But what might contribute even more to prices stabilizing back to utility costs is millennials/gen-z stacking bitcoin and renting instead of buying.

2024-08-12 10:16:29

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Great work @npub1v5k…8rd9 🔥

2024-08-10 15:41:02

The mental gymnastics some people go through in an attempt to misunderstand and discredit someone that says something uncomfortable always fascinates me.
It’s why people self-censor and fall in line with the crowd. Too risky to stand out. Seems like a boring way to live though. If you’re curious about something explore it, especially the uncomfortable parts. The right people will show up.

2024-08-08 13:11:18

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Appreciate all you do Matt.
It probably took me two years to admit to myself that I needed a break. Just imagine how much you’d be able to serve others at full capacity.

2024-08-08 06:06:17

What a heartwarming documentary about bitcoin adoption in Peru.
When I started at Lightning Labs in Jan 2018, I was working remotely from a coworking space in Lima. LND was still on testnet and I remember doing a video call with Jack Mallers to ask about Zap and to brainstorm ideas on what a good wallet UX could look like.
The slums around Lima was an absolute reality check for the level of poverty in the country. To see how far we’ve come and witness Lightning adoption in the poorest corners of Peru spreading so much hope is absolutely incredible:
https://youtu.be/4hWMHLF-OEg

2024-08-07 10:09:17

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💯 nsecbunker with FROST fixes this

2024-08-06 14:54:50

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🔥🔥🔥 congrats
What’s the recommended federation to migrate from principles?

2024-08-06 06:18:54

For me working with psychedelics helped immensely during my burnout. But always work with a therapist that is trained to guide you through the trauma. What comes up can be painful.
A coach can help with burnout prevention, or to support with achieving goals after deeper work has been done. But when shit hits the fan, you need a professional therapist 💪
This talk by Rick Doblin helped me to feel safe to work with psychedelics:
https://youtu.be/Q9XD8yRPxc8 #note1q2h…mt2z

2024-08-06 06:05:04

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Everyone has their own tools. Though if something is used every day, it‘s usually more of a coping mechanism and not getting at the root trauma.

2024-08-06 05:47:29

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I did. Worked with a therapist and Ayahuasca. It was like 10 years of therapy for me 😌

2024-08-05 22:13:06

Developer burnout is real… I‘ve gone through it myself. It‘s a bid for health that, when listened to, can be an amazing opportunity https://youtu.be/HC3uUGCJpqs?feature=shared

2024-08-04 12:20:49

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Makes sense to me in this context

2024-08-04 11:37:26

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In which context?

2024-08-04 07:20:44

"The opposite of war isn't peace, it's creation." — Jonathan Larson

2024-08-02 08:41:58

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Also assume your nostr DMs to be public one day when one of the two parties’ nsec is compromised, due to lack of forward secrecy.

2024-08-01 13:58:11

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Fees have been low enough for monthly invoices that on-chain works fine for now. Though I’m excited about migrating to BOLT12/BIP353 once offline payments are possible for self-custody Lightning.

2024-08-01 13:39:08

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Nope, they just send bitcoin on-chain to the company’s multi-sig.

2024-08-01 13:06:06

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Thanks. I’ve been pretty intentional about working only with bitcoin startups. So they are usually comfortable with bitcoin. And this may be my German side coming out, but doing accounting for a profitable small business is more exciting to me than raising one VC round after another 😅

2024-08-01 11:34:48

This is the way.
I’ve been running my coaching business almost entirely in bitcoin for the last two years. Only one client wanted to pay in USD. Otherwise I don’t even put ACH as a payment option on invoices anymore.
Accounting/invoicing needed some getting used to. But holding BTC in the company has worked well. I pay fiat expenses out of pocket with a personal debit card and reimburse from the LLC twice a year in bitcoin. Expenses usually stay lower than income. So free cash flow accrues value. Distributions are paid out at the end of the year in bitcoin. #note10y0…4gws

2024-07-31 14:00:20

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Atlantis is by far the best conference I’ve been to.

2024-07-31 11:57:03

Thoughts on trustlessness… #note156d…mn3e

2024-07-31 09:54:01

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Great points!
I’d encourage everyone to read @npub1a2c…w83a‘s book Broken Money. There is anthropological evidence that “2. rely on incentives” works. Specifically Chapter 4 “A unified theory of money”.
Ecash community banks in local high-trust environments are basically a social credit system. Or a “proof of punch” system to quote @npub1kp7…487l.
This is in contract to global low-trust environments that requires final settlement of commodity money. This would map to Bitcoin over Lightning (between banks and self-custody solutions).
8B people could use bitcoin today without a soft-fork with 10M community banks at an average of 800 users per bank. In reality things would obviously look much more heterogeneous with people using self-custody wallets, full custodians, ETFs and everything in between. But I don’t see why local community banks couldn’t be a part of the solution.
This is also how banking works in many places today. For example Germany has a very decentralized banking model with about 1500 banks. 70% of deposits are held at local community banks and credit unions (Volksbanken Raiffeisenbanken).
My point is with all these technical discussions about scaling, we shouldn’t forget about human nature. People are more likely to adopt bitcoin if it works in a way they’re used to. We should learn from history and not ignore anthological evidence. That means relying on local trust and incentives where appropriate.

2024-07-30 21:56:15

In case you don’t know James Mickens… this piece is a must read. Funniest man in itsec. #note1sdz…750q

2024-07-30 20:20:18

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I guess it’s also a question of the threat model. If it’s preventing the grocery store clerk or my client not seeing my utxos it’s fine. But a nation state adversary might still be able track me.
Or to quote James Mickens ( https://www.usenix.org/system/files/1401_08-12_mickens.pdf ): https://image.nostr.build/cb51d53d9f2bc1aa9c61edb13429846da8c8b9e6ec517f274b42b484ee05e0e3.jpg

2024-07-30 19:37:42

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Even with Lightning swaps when pegging out?

2024-07-30 19:36:17

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I’m just trying to understand the pros/cons vs. Fedimint. For both backends I’d be ok to trust the federation to store 100 dollars worth of spending money if I get decent privacy in return.

2024-07-30 19:23:52

Another question… why is no wallet using Liquid instead of Coinjoin for privacy? I’m aware of the trust trade-off, but it seems like a workable solution for a spending wallet. At least until Fedimint has all the bugs ironed out and we’ve figured out a good onboarding UX to select a default mint. #note133l…vry3