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paulxnjoroge
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2025-02-04 19:36:11

paulxnjoroge on Nostr: Fedi has the right vision on building digital Hawala networks (Middle East) or ...

Fedi (npub1uq7…u0c2) has the right vision on building digital Hawala networks (Middle East) or Digital Cooperatives popular in Kenya/Africa

@fedimint protocol seems like the right infrastructure for Bitcoin adoption in parts of the world where sense of community is still intact.
Programmable money (ETH, etc) is hard to scale. So people build Layer 2s.

But these Layer 2s are barely decentralized. And now there’s a crop of L2s that are really just multisigs.

But wouldn’t a sufficiently large group of multisigs be somewhat decentralized? Like a digital Hawala network?

Especially for transactions (but not for smart contracts where money is locked up).
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