| 2 Aug 2023 |
|  ironcladdev joined the room. | 13:12:31 |
|  trevor_18421 joined the room. | 18:17:05 |
|  tre_ag joined the room. | 18:22:27 |
| 3 Aug 2023 |
|  caiourtiga joined the room. | 03:15:24 |
|  alr joined the room. | 16:53:56 |
 dpcpw | woot https://www.youtube.com/watch?v=psObTmh-Qy4 | 17:52:40 |
|  psycarlo joined the room. | 19:27:50 |
|  .rah216 joined the room. | 19:41:22 |
| 4 Aug 2023 |
 ethantuttle | https://zap.stream/naddr1qqjxxv33ve3rvves94nrqces956xye3j94snjvnp956xyces8ycxxe33xycnzq3qeaz6dwsnvwkha5sn5puwwyxjgy26uusundrm684lg3vw4ma5c2jsxpqqqpmxwze75ts | 01:35:14 |
|  ridwan7770 joined the room. | 06:42:47 |
| ethantuttle | https://damus.io/note17q92hkm88jhguz3hllhn3z0usv0npf3nnufes7n8xpnup4r2ynrscqwglx
“Every balance in every app that isn't non-custodial Bitcoin should be ecash.”
This is the mission now. | 10:51:56 |
|  BeastYanker12345 joined the room. | 14:28:59 |
|  Father-of-Ash joined the room. | 14:35:10 |
| 5 Aug 2023 |
|  osososoin joined the room. | 03:39:05 |
 unsupervised.learner | Rambling about usecases
In the shitcoin world people are scrambling for yield from basic lend/borring and liquidity provision. One of the biggest assets is wBTC, which is as custodial as 'stablecoins' issued from an informal bank. If people want to get yield on BTC, they will find a way. A better way would be noncustodial, enter Fedimint. Fedimint already 'wraps' BTC into a custom state machine. Just plug in a messaging protocol to pass ownership of fedi owned BTC into the wider shitcoin defi ecosystem. This solves the custodial problem, no 'trusted third party' that is just an informal or formal bank, but not the liquidity problem. BTC is not fungible between different feds. Need to somehow make them fungible, this is hard. I see two obvious solutions. One is a fed becomes big enough that their wrapped BTC becomes a standard-- I dont like this as much, because it has a centralization issue. Another is a 'fed BTC basket' where you have some market determined exchange rate between fed issued wrapped BTC and an abstracted wrapped BTC combined from these individual fed issued amounts. Not sure on implementation details here, and markets arent 'free', they are notoriously hard to get enough network effect to become useful.
BTC is the natural money of a p2p financial system, having utilities for p2p lend/borrowing and other fun stuff would be nice. | 07:04:45 |
| unsupervised.learner | Having custom logic over BTC utxos also allows some more interesting asset classes. We could set some sort of conversion between hashpower and some token. You could long or short expected future hashpower of the chain, and you dont even need an oracle, its all there in the blocks. | 07:07:56 |
| unsupervised.learner | Ive seen some interesting implementations of DLC over lightning. Perhaps you could have the oracle of a DLC be a federation multisig itself (might need FROST or similar, not entirely in on the details) and implement the smart contracts for lend/borrow, and eventually more complex instruments, this way. More BTC native.
It looks like payment scaling is getting up to speed with federations, and eventually the fancy zk stuff. But payment is just the foundation cornerstone of a real p2p self soverign finance system. You want p2p lending, corporations, investment contracts, even insurance. You want all this over a soverign p2p messaging and communication system, nostr. Theres a lot to do and a lot that needs figuring out. Final boss seems to be a soverign internet, where peers arent clients of an ISP that owns all the cables your packets run through, a very hard problem. | 07:18:34 |
|  cwsory joined the room. | 12:40:29 |
|  tree sap joined the room. | 15:58:46 |
|  suprposition joined the room. | 17:32:28 |
|  stan36 joined the room. | 20:45:57 |
| 7 Aug 2023 |
|  brothercreamy joined the room. | 07:23:59 |
 sectore#0 | How Bitcoin Scales (Fedimint) | 10:59:56 |
|  .afromit joined the room. | 11:12:47 |
| ethantuttle | https://bitcoinmagazine.com/technical/utxoracle-model-could-bring-use-cases-to-bitcoin
haven't read it yet but the summary line is very intriguing, especially for someone looking to do stability pools/etc. | 17:43:37 |
|  ninja44 joined the room. | 18:49:58 |
| 8 Aug 2023 |
|  zenrasta joined the room. | 01:35:44 |
|  ello46 joined the room. | 06:48:41 |
|  pickles_62327 joined the room. | 16:22:00 |
|  rakeshimmy96 joined the room. | 16:41:54 |
