This fedimint primer was helpful. Starting to think this will be a big deal…
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FEDIMINTS ARE GOING TO BE FUCKING MASSIVE.
SAME WITH CASHU.
INCREDIBLY FEW REALIZE THIS YET.
Incredibly few.
Few.
I don't get the big use case or larger product market fit
Fediments is a good idea.
I read this, started watching the video. then drifted into a nap. I had vivid dreams about it… and just before waking I dreamed was packing a bag and telling you “See you at the FediDev conference!”
Woke up a bit disappointed none of it was real TBH. 🤣
Fedimints and Cashu answer the scale question. If your grandma gets orange pilled, she’s going to have a tough time figuring out how to self-custody via a multisig solution. But “banks” make sense to her. Trust will build in local communities. Mass adoption will start trusting second and third parties.
Its interesting
This did it for me too. How “easy” is it to set up a fedimint at this point?
I have some serious homework to do. This has legs
Cashu made me fall in love with bitcoin all over again.
Some people will always need banks
Zapped this with a Cashu wallet
Cashu.space
🤝🤝🤝🤝
TONS OF FEDIMINT AND ECASH TALK AT @Sovereign Engineering
It's has use cases, albeit underground or building something like a CBDC, but general ecash use cases are limited to countries that won't sanction under money printing laws (federation doesn't fix this)
There is a reason bitcoin uses this clunky blockchain thing 😂
I don't know man, I'm old enough to remember when they went after file sharing. Seems like these all powerful governments lost to a bunch of teenagers then. They just don't grok the Internet.
Maybe, historically govs have fought very hard against custodians creating their own currency.
What do you mean creating their own currency?
Let’s not confuse the currency with the gold, oil or services that backs it.
Creating value doesn’t imply by definition their own currency, although licensed to operate, and they can.
🤓
It will be
@Anita are you seeing much adoption or use for Fedimint?
WE’LL HAVE ECASH ZAPS WELL BEFORE THE END OF #SOVENG
BULLISH
I’m a lightning node runner who wants to become part of Fedimint - what level of hardware do I need to be able to be a good participant?
Received with a Cashu wallet! LFG!
Not a very helpful response
I’ll rephrase my question in case I was misunderstood - I’m assuming you couldn’t start a federation over TOR on a raspberry pi, so does anyone have a hardware suggestion for that type of application?
Does Bitcoin Park have any plans in the near future to have events surrounding these?
I'm looking for an excuse to visit.
I definitely did phrase the question poorly 🤣
I’m in the market for a better dedicated server computer, so hopefully I’ll have something to tinker with soon. I’ve been an “Uncle Jim” for a while but I’d love to transition to a fedimint model to distribute trust and potentially allow a wider group of people to access Bitcoin without risking being a “bank”.
![[ARCHIVED] Jay's avatar](https://i.nostr.build/9NquibWjyPXiz2Q4.png)
Honestly, I love the branding of cashews and mint. FUCKING delicious.
Just like a good college event, "Provide food and they will come. In due course."
I need to reread the white paper. I thought we were trying to avoid 2nd and 3rd parties.
👀👀
Beauty is that you can/should and that should be encouraged. However, especially at certain amounts it’s going to be impossible at some point for the normie user to self custody due to fees and technical know how. Fees alone are already through the roof and this is just the beginning. So, what do you do when the cost of fees exceeds the amount you are putting into cold storage?
What’s your solution?
DOCTOR PLEASE HELP, I HAVE A NASTY CASE OF RECEIVING TO WALLET OF SATOSHI
Fedimint is not even launched yet, so no.
I mean easy to use wallets like that from Fedi…still in beta.
👀
Looking forward to more!
View quoted note →
Fedimints for every city and town.
View quoted note →
No need for geographic proximity right? Trust of your partners is most important, right?
@𝕾𝖊𝖗 𝕾𝖑𝖊𝖊𝖕𝖞 @liminal 🦠
I didn’t realise it was a big deal 😭
I take back what I said about skittles and horny pills 🙏🏽
Idunno. Financial security is quite arousing.
¿Porque no los dos?.gif
Fedimint software just hit a stable release (0.2.1) and is ready. Consider it launched.
Ecash is a liberty dollar. You're giving your bitcoin to someone and they're giving you their own currency they created, which they claim has x value. In an Austrian econ utopia that would be fine and dandy, but 8n the real world govs tend to like keeping that monopoly for themselves.
This isn’t much different than credit card points or airline miles, is it? To spend outside that mint, it’ll have to be converted back to bitcoin.
But earned cash.
Happy I finally got around to watching this
I think we will need som decent jurisdictions where one of the following happens:
1. Ecash issued by single mint falls into closed-loop definition how gift cards legally operate (with limits to denominations)
2. Ecash issued by private banks will get green light after CBDC with some similar traits fails to get user traction
Other option is to discover some clever and complex trick where mints would issue ecash based on some special funding transaction with timelock, w/o having complete custody over funds but able to provide denomination/intermint swaps for a fee. May be this could be constructed with some statechains primitives, where mint would stay in role of coordinator and thus more resistant to regulator attack. Not sure if doable with low onchain footprint.
🫶🏻
I think a #mainvolume issued license is required to think. I think I am European, Swedish in fact. I think I am created by Sina for mainvolume.com
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I find it hilarious to believe that something corrupt like unlicensed thinking can be used to earn with.
Before you start thinking about what earns, license first.
Then happy to discuss thinking as a context to eCash
Thank you for understanding.