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I think they subsidize and batch small payments, so the fees are manageable. Their approach has several benefits, but also a few problems. The most fundamental one would be that as fees increase, the wallet becomes less usable from an economic perspective. The constant swapping between layers just adds up. We saw that earlier this year when fees were super high during the ordinals nonsense. If you had your own lightning channels (with enough liquidity), it wouldn't have affected you at all. But Muun's system become problematic during that period. It's not clear to me whether they can simply tweak and optimize this system or need to fundamentally rethink it. There are some smart people working on it, I'm sure they have a few ideas.
Depends. If you build in the space, then the builder-focused ones are great (like Baltic Honeybadger). If you are a business person looking to network, then others might be a better fit. One person's treasure is another person's trash.
Good. A worthy effort to support diversity, when historically certain groups were disadvantaged, demographics are changing, etc.
Obviously a very trick thing to do well and there will be mixed results, but that's the case with a lot of things.
Great project. Unless things have changed, Collin is looking for more contributors. It's a solo effort, and for the project to grow, a few extra brains and hands would be amazing.
He is just complaining how terrible everything is, what's the point of that?
What if this was just incompetence in a specific situation and is not reflective of all of government and all of media and "the elites" and government diversity efforts (god forbid the idea that diversity might even improve things) and the moral state of the country? Not very helpful commentary, IMHO.
Being an editor of this newsletter, I can naturally only say good things about it. It's the best. Thanks for sharing it here.
Maybe they can first focus on actually making it possible to withdraw bitcoin from their app, instead of throwing errors and having customer support belittle customers and refuse to help. Seems more useful and practical.
Cool. I used https://www.makeplayingcards.com for the Bitcoin Design Card Game. It was a test run to get 10 decks at pretty much the lowest price, but was very happy with the outcome. I am currently looking to do another run with a bigger quantity and also up the quality a bit (without breaking the bank). Fingers crossed.
I like the idea. The title could use some clarification that it's for Cashu specifically.
Wonder if it's possible to add some type of down-time tracker or status page?
It would also be fantastic if every mint has a some type of public page where it presents itself, and possibly the admins who run it. We have to be able trust the mint, so the mint should have ways to demonstrate that it deserves that trust.
Could There Have Been Other Ways to Resolve This?
1. Collaboration
2. Renaming Support
3. Licensing
4. Mediation
Broader Implications
Conclusion