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0 sats \ 0 replies \ @garyKrause_ 10 Aug 2024 \ parent \ on: First transaction using OP_CAT on the mainnet bitcoin
Mempool has it labeled as 'Seen in Mempool'
#524728
comparative and cheaper, but uses fedimint so has LN/on-chain interop. Saylor NGMI.
roastr brings a threshold multi-sig option to nostr by leveraging FROST/ROAST. (Fedimint's tech enables this because of the consensus mechanism of Fedimint coupled with FROSTs nonce management requirement.)
you can create a nostr account that requires 2of3 or 3of5 or 1of4 signatures to be valid. This means that a multi-person entity can have a quorum of signers for nostr events.
you can have a nostr account with friends. where you can "vote" on approving a note (or other stuff). Enterprises can have a board "vote" using nostr.
be sure to configure wireguard on the devices you sell to users. have their DNS point to your DNS server over WG and have it direct to other useful services in your WG network.
25 sats \ 0 replies \ @garyKrause_ 25 Feb 2024 \ parent \ on: Amboss, what are you doing here? lightning
"I just built the gulags so I'm not complicit in their use."
-- Amboss
Do better.
26 sats \ 2 replies \ @garyKrause_ 25 Feb 2024 \ parent \ on: Amboss, what are you doing here? lightning
Who gets to decide what makes something "criminal"?
Very disappointing answer. You clearly misunderstand the purpose of Bitcoin and seem to be actively complicit in aiding criminals in their endeavors of controlling the money.
Fedi is a company. Fedimint is the protocol.
That being said, this is exactly how i conceptualize ecash. Well done.
what if they're all connected via lightning? what if you're really exchanging for ecash with bitcoin and vice versa? it's not an exchange, it's a privacy service. do you pay for coinjoins or other type of privacy tools? what if that tool had a module system so it could be adapted to many privacy techniques already established? you already have a running tab in your head with people you interact with regularly?
I think fedimint can be a flexible bridge between things in your digital life for individuals, but also be a great service platform for the bitcoin age. Couple that with StartOS and we're about to get really fucking sovereign in this bitch.
I think you were at a Fedi booth. Fedi is a company with a community and app. Fedimint is a protocol they build on.
To clarify some things from a technical standpoint. The LN nodes are separate from the fedimint. The LN nodes offer swaps between ecash and LN sats. This is similar to how BTC on chain is swapped for ecash.
The protocol is intended for small communities so I think you're right in that regard.
Way I look at it it's an L3 utilizing both L1 & L2 I'm not certain it's a layer above. It's more of a nexus point for LN and BTC. Enabling swapping between the two via ecash.
Fedi is a company. Fedimint is a protocol.
To me Fedi<mint> looks like a strict upgrade from custodial Lightning because it has the same advantages and more (such as no routing required). Much easier to use on Nostr.
Agreed. you can also transmit ecash offline as it's just data.
The fedimint model doesn't come built in with LN liquidity or even a node. A LN node runs Gateway software along side their node that enables them to join the federation and offer LN services to the members of the mint. This is done using swaps between ecash and LN sats. Similar to the ecash <> BTC swaps done when pegging some funds into the mint.
You can easily run a single Guardian mint when setting it up. The setup UI was even designed to accommodate this in some regards.
All the companies in https://ten31.vc/home/#portfolio took investment and have obligations to provide good returns to their investors. The VCs take money from other investors and they have to do the best for their investors. So the question remains when it comes to privacy, opensource software, decentralization and freedom tech. How do people get good returns.
Ten31 did not invest in Fedimint, they invested in Fedi. Fedi is a company that is expected to make returns for its invested (assumedly). Fedimint is a protocol that anyone can use.
Good take on the trade offs part, but you can run a fedimint without the bitcoin wallet, lightning, or ecash features. In this way you can do other interesting federated things like have a password manager. Or a nostr account with federated keys/signing.
Fedimint seems to trade federate custody for low to no fees and privacy guarantees.