Bitcoinium on Nostr: Here is the article that Tony referenced. Read at your own risk 👀 Apparently not ...

Here is the article that Tony referenced. Read at your own risk 👀 Apparently not everyone likes it 🙂

https://tonygiorgio.com/fedimint/

quoting note1y97…g05l

Plebs Service Announcement (PSA)

This episode is highly recommended. Why? Because I love Mutiny Wallet. TLDR below if you don't have time 👇

#nostr #grownostr #bitcoin #plebchain

https://youtu.be/z3Mt9ZAYzzA?si=3J0JUEA2PVtxZzNl

Tony (npub1t0n…jgqv), Carman 🏴‍☠ (npub1u8l…turz) , petermccormack (npub14mc…frlx) if I get anything wrong, please correct me :)

Here is the TLDR:

0. I just love starting at zero, don't you. Hello India. The episode kicked off by discussing the cases of Tornado Cash and Samourai Wallet.

1. Tony (npub1t0n…jgqv) gave a rundown of the state of Lightening wallets and expressed disappointment and concern that a few left the US.

2. He called out Phoenix wallet for capitulating and exiting without any direct threat. He said it is as if they were admitting "guilt". Carman 🏴‍☠ (npub1u8l…turz) disagreed and said he understands why.

3. Tony softened the blow to Phoenix by saying they are the best lightening wallet. He explained why. They run a node with $100M in liquidity. They make money by taking a cut on transactions going through their channel.

4. By contrast, Mutiny steers clear from taking any fees from transactions. They are careful and deliberate in their implementation of Mutiny wallet by ensuring they do not see or touch UTXOs. I can personally attest to this fact. I lost funds and got help from Tony and Ben on Github. I didn't copy the 12-word seed phrase. I copied the wrong one 🥲

5. Tony said interestingly enough, the best lawyers within the space are crypto lawyers. Because they are operating within the bounds of the law/regulations and they know it 😂

6. They are almost done with a new app which is more akin to a Dao to fill the void of privacy tech due to attacks on the industry. They made the hard decision to not profit from it to not pollute the waters. They believe in true cypherpunk fashion, it needs to be out there for the world. They are 70% of the way through. I am on it, NOSTR!!!

7. Ben said that no one understands the first amendment. Finally. Truth 😂

8. They talked about the real threat being centralization of mining 😱 Apparently Antpool has over 50% of hashrate, but you don't "see" it because some of the pools that do not appear under the name Antpool are proxy pools. Did you all know about Gcash? They talked about how it was almost was a successful attack on the Bitcoin network. The mining pool actually told people to point away from them to save Bitcoin. Now, that's what I call bravery. They did go out of business. SPOILER ALERT, kinda like Silicon Valley.

9. Tony and Ben are fans of Op Cat and would like to have more scripting enabled. What?! We definitely need to talk to Tony and Ben some more. Someone call petermccormack (npub14mc…frlx) and dannyknowles (npub16le…ffxj). We need a part 2 npub1vjlp9n3eyfs0lr7p750k0p2jwn7edj4832ws6qyuxqnaruuxgglqggkjsg 😉

That's all folks. Zaps welcome. Thanks.