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The treasury of the community needs to be transparent and auditable. That’s where I could see a multisig on ethereum. Then you mint some ecash that can circulate in a privacy respecting way within the local community. Has anyone done this already? A USDC to USDcash mint? Or a EURe to EURcash mint? Those are the two largest community currencies we could use as examples, but the real power is in the long tail of local / community currencies.

Why are you a fan of web3 shitcoinery? Web5 is basically web3 without the shitcoinery and an emphasis on self hosting

Because we need yin and yang to make a world.

How does that analogy apply to this conversation

Bitcoin is yang. Sovereign individual. Very individualistic. Privacy is paramount. No bullshit. Just facts. Performance. No intermediary. Everyone should be able to manage their own private key. Web3 is yin. Sovereign collective. Transparency of all transactions. Limited privacy. A foundation to build new transparent institutions where everyone can see where resources are allocated. Both are right. Both are needed but for different contexts and usage. It’s not a competition. It’s a dance. 💃🏽 🕺🏼 Without yang life cannot be lived. Without yin life is not worth living.