2 sats \ 1 reply \ @dpc 22 Feb 2023 \ parent \ on: AMA: Ask Murch Anything bitcoin
What are your thoughts on Ordinals and Inscriptions?
Hey Murch! What's the funniest person you ever worked with and how big part of it is his Polish accent and bald head?
476 sats \ 0 replies \ @dpc 7 Nov 2022 freebie \ parent \ on: Standard Sats against Fedimint Hype bitcoin
The biggest flaw in the Fedimint narrative is that there will be all these community fedi mints. The underlying assumption is that users prefer a distributed, potentially anonymous federation over single centralized is just wishful thinking and has no bearning in reality.
Why would anyone NOT prefer a federated solution over a custodial one?
This whole critique paints Fedimints in most dis-favorable light, yet tries to compare it with a solution that is effectively worse on every single metric (HC), justifying it by Fedimints not being "perfect".
Yes Federations are not some golden bullet, and federated custody is a compromise comparing to a zero-custody solution, but in exchange the users gain: entirely anonymous and private off-chain solution, great scalability, great on chain anonymity set, possibility of amazing UX, and possibility of integrating of all sorts extra technologies and solutions.
I have nothing against HCs, and I find them useful and promising, and wish well open Standard Sats in all applications where they work well, but I think in this post and in some comments, not only authors have very narrow vision of possible use cases, but also commit serious logical errors.
I am one of Fedimint devs. I see plenty of possibilities for them, so I quit my previous job to work on them full time in August, and I honestly think they are the most promising and needed Bitcoin project right now. I think we have great documentation that is really honest about the tradeoffs. If you still have any questions, feel free to hit me up on Twitter (@dpc_pw) or join the Telegram group and talk it out. We're very busy building the project, so please be patient but we love to engage and educate with interested people.
GENESIS