Obi Nwosu 🔅

@fedibtc @fedimint 🔅 — Reynolds Foundation @finneyprize @GridlessCompute — #Community #Privacy #Freedom #Bitcoin

[Obi Nwosu 🔅 @obi]

#Bitcoin has made me more:

- careful with my time
- patient
- stoic
- minimalist
- healthy
- honest
- analytical
- grateful
- anti-consumerist
- thoughtful
- holistic
- detail-oriented
- globally-minded
- long-termist

Bitcoin evolves our minds as much as our money.

[Fedi @fedibtc]

"A community that can talk freely but can't pay each other privately is still captured. A community with private money that coordinates on watched channels has handed over the map anyway." - @JeffBooth

https://t.co/KCseAW6Vbp

[Obi Nwosu 🔅 @obi]

The cost of security exploits in the age of AI is rapidly trending to zero. Here are my thoughts as to what this means. https://t.co/26iUT9WVjv

[Fedi @fedibtc]

With @fedimint, your security set up looks like that of institutional bitcoin security setups.

Your keys are stored:

1. In multiple locations
2. On multiple devices
3. On different software implementations
4. With multiple custodians

@obi recently explained this on @watchbmtv:

[Obi Nwosu 🔅 @obi]

@BITCOIN_SAT0SHI @fedibtc Thanks!

One question with your suggestion to hold your own keys: what happens to your family if you pass away unexpectedly?

Also, how do you deal with this situation without the involvement of a 3rd party (bank vault, trusted friend or family member, etc.)?

[BMTV @watchbmtv]

Fedi CEO Obi Nwosu says to assume you will get hacked in the new AI age:

"AI drives down the cost to exploit. It makes it basically free."

The solution? Coinbase-grade multisig and timelocks, now:

"Simple enough for any individual, any community or any family to run and have the same safeguards in place." 🔐

[Few @few_wiki]

"The protocol requires privacy." Jeff Booth on the @darkside2030 and @puncher522 Space with @fedibtc. Here's a free Fedi guide that tries to simplify it: https://t.co/7WSgVzOXHv

[Obi Nwosu 🔅 @obi]

Group saving with Multispend is one of the most powerful and under appreciated features within the Fedi app.

More info here:

[Fedi @fedibtc]

People have managed money together long before joint bank accounts existed.

The Multispend feature in the Fedi app lets you save with your group in a shared wallet you manage together.

In our recent article, we explained how Multispend works and how it differs from traditional joint wallets.

The article link is in the thread.

[Obi Nwosu 🔅 @obi]

Fedimint aims to remove single points of failure with your Bitcoin custody.

But having one codebase was an obvious gap.

In Berlin, members from the @Fedimint and @CashuBTC community made great inroads in resolving that situation.

https://t.co/qgSxirjyYW

[Obi Nwosu 🔅 @obi]

Community custody means no-single-point-of-failure custody. 🔅

[Fedi @fedibtc]

Self-custody sounds simple, but managing your keys can be challenging.

@vryfokkenou of @BitcoinEkasi points to this problem. Custodial Lightning is becoming harder to rely on, while self-custody puts all the responsibility on the individual. Lose access to your wallet, and no one may be able to help.

However, there’s a fourth way: Community Custody.

With community custody, @fedimint distributes control across a group of trusted Guardians. You get the security of shared control, removing the entire burden of key management from yourself.

For many people, community custody could be a better fit than self-custody.

Click the link in the thread to learn about the different custody models and why community custody is one you should consider.

[Obi Nwosu 🔅 @obi]

@EricSirion @giacomozucco 🔅💯❤️

[Obi Nwosu 🔅 @obi]

@eriklocalhost You got there first! 😅

[Obi Nwosu 🔅 @obi]

Another day another Fedimint wallet. 🫡

[Erik @eriklocalhost]

spent ecash hack day taking the fedimint kotlin bindings and wiring the fedimint protocol into cashu me.

fun experiment. real joy seeing both protocols living side by side in the same wallet

[Obi Nwosu 🔅 @obi]

@EsLorenaOrtiz @fedibtc @lobaestrangeira @mary_imasuen @dearezkitha @Modibe_ @MotivPeru Thank you, Lorena, for everything! It's been a pleasure having you as part of the Fedi family, and I'm excited to see what you do next. See you in Nashville! 🙏🏾

[Obi Nwosu 🔅 @obi]

☕️🎉🔅

[elsirion 🔅 @EricSirion]

Happy ecash coffee day from Dark Prague! ☕

[Obi Nwosu 🔅 @obi]

Happy Ecash Coffee Day!

Can’t believe it’s been five years since the first ecash transaction in sats.

But step by step the ecosystem is maturing as recognition for the need for federated private transactions on Bitcoin is growing.

More bullish on ecash than ever!

[Fedi @fedibtc]

Happy Ecash Coffee Day! ☕⚡️

Five years ago today, someone bought a cup of coffee with ecash on Bitcoin for the first time.

Here's the story of that coffee, and why it still matters 🧵

[Kyle Huber @thekylehuber]

The currency exchange business should be on notice... Trading sats for local currency (rupiah) in Indonesia @Silatoshi_id

60,000 sats made me a rupiah millionaire.

[Fedi @fedibtc]

As @fedimint and @CashuBTC both move ecash forward at @btcplusplus in Berlin this week, here’s a look back at Milton Friedman’s vision for its power to protect privacy and freedom 27 years ago.

[Sam Parker @zkchesterton]

Just caught @joschisanbtc’s talk in BTC++ Berlin on @fedimint and am blown away. As someone who is ecash-agnostic I don’t think there’s another project in bitcoin that’s using as much cutting edge black magic tech in pursuit of their goals. Incredibly impressed.

[Fedimint 🔆 @fedimint]

Federate all the ecash! 🚀

[Fedimint 🔆 @fedimint]

Today at @btcplusplus @joschisanbtc explained all the engineering that went into Fedimint over the last years 😎

Missed it? Watch out for the recordings!