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@ da0b9bc3:4e30a4a9
2025-02-15 07:47:12
Hello Stackers!
Welcome on into the ~Music Corner of the Saloon!
A place where we Talk Music. Share Tracks. Zap Sats.
So stay a while and listen.
🚨Don't forget to check out the pinned items in the territory homepage! You can always find the latest weeklies there!🚨
🚨Subscribe to the territory to ensure you never miss a post! 🚨
originally posted at https://stacker.news/items/886437
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@ fd208ee8:0fd927c1
2025-02-15 07:37:01
E-cash are coupons or tokens for Bitcoin, or Bitcoin debt notes that the mint issues. The e-cash states, essentially, "IoU 2900 sats".
They're redeemable for Bitcoin on Lightning (hard money), and therefore can be used as cash (softer money), so long as the mint has a good reputation. That means that they're less fungible than Lightning because the e-cash from one mint can be more or less valuable than the e-cash from another. If a mint is buggy, offline, or disappears, then the e-cash is unreedemable.
It also means that e-cash is more anonymous than Lightning, and that the sender and receiver's wallets don't need to be online, to transact. Nutzaps now add the possibility of parking transactions one level farther out, on a relay. The same relays that cannot keep npub profiles and follow lists consistent will now do monetary transactions.
What we then have is
* a **transaction on a relay** that triggers
* a **transaction on a mint** that triggers
* a **transaction on Lightning** that triggers
* a **transaction on Bitcoin**.
Which means that every relay that stores the nuts is part of a wildcat banking system. Which is fine, but relay operators should consider whether they wish to carry the associated risks and liabilities. They should also be aware that they should implement the appropriate features in their relay, such as expiration tags (nuts rot after 2 weeks), and to make sure that only expired nuts are deleted.
There will be plenty of specialized relays for this, so don't feel pressured to join in, and research the topic carefully, for yourself.
https://github.com/nostr-protocol/nips/blob/master/60.md
https://github.com/nostr-protocol/nips/blob/master/61.md
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@ 57d1a264:69f1fee1
2025-02-15 03:52:36
The lead dev @gandlaf21 from [brrr.gandlaf.com](https://brrr.gandlaf.com) (https://github.com/gandlafbtc/cashu-brrr) reached out to me with an idea: a design contest for ecash paper note templates. Brrr is a paper note ecash generator that lets you easily create and print ecash in the form of bank-style paper notes.
We're thinking of putting up 150k sats as a prize pool to make it fun.
I think this could be a fun opportunity for the Bitcoin Design Community. I’m happy to lead it, but I’d love to get your thoughts. Here are a couple of directions I think it could take:
Could this fit into the next Designathon? Maybe we create a dedicated track for it with a side bounty or prize for the best note design.
Or should we keep it separate and run it as a standalone contest, promoting it as a unique, one-off event?
What do you guys think?
originally posted at https://stacker.news/items/886379
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@ 57d1a264:69f1fee1
2025-02-15 03:51:09
🧐 Who is the main character of 100,000 sats?!
📋 Checklist
I hope BitcoinSocialLayer will be well recognized when conducting BSL activities at home and abroad.
✅ Photo 1 is a list of participating organizations for the Chiang Mai conference sats 'n' facts. When viewed by a third party, BSL is an abbreviation, so additional explanation is needed, but the spelling BSL does not come to mind.
✅ It may be helpful to refer to the sponsor lists on the pages of other Bitcoin conferences or meetups, such as the Tokyo Conference in Photo 2, to help you write your draft.
* In addition to AI, Photoshop, and Illustrator, you can also use PPT or images in PNG format.
- Please create a logo that fits the name Bitcoin Social Layer:
- Key words: Bitcoin, expert, service, South Korea
- Prize: 100,000 sat
- Submission: bitcoinsociallayer@gmail.com
- Logo high-resolution original file, logo description
- Period: until midnight on February 28th.
- All legal and commercial rights of the winning logo will be transferred to BSL (copyright transfer agreement will be signed and trademark registration will be processed)
- Plagiarized and other copyright infringing logos may be disqualified.
- Depending on the results, there may be no winner. In this case, we will continue to use the existing logo.
Source: https://x.com/BTCSocialLayer/status/1888887772083335519
originally posted at https://stacker.news/items/886369
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@ 0fa80bd3:ea7325de
2025-02-14 23:24:37
#intro
The Russian state made me a Bitcoiner. In 1991, it devalued my grandmother's hard-earned savings. She worked tirelessly in the kitchen of a dining car on the Moscow–Warsaw route. Everything she had saved for my sister and me to attend university vanished overnight. This story is similar to what many experienced, including Wences Casares. The pain and injustice of that time became my first lessons about the fragility of systems and the value of genuine, incorruptible assets, forever changing my perception of money and my trust in government promises.
In 2014, I was living in Moscow, running a trading business, and frequently traveling to China. One day, I learned about the Cypriot banking crisis and the possibility of moving money through some strange thing called Bitcoin. At the time, I didn’t give it much thought. Returning to the idea six months later, as a business-oriented geek, I eagerly began studying the topic and soon dove into it seriously.
I spent half a year reading articles on a local online journal, BitNovosti, actively participating in discussions, and eventually joined the editorial team as a translator. That’s how I learned about whitepapers, decentralization, mining, cryptographic keys, and colored coins. About Satoshi Nakamoto, Silk Road, Mt. Gox, and BitcoinTalk. Over time, I befriended the journal’s owner and, leveraging my management experience, later became an editor. I was drawn to the crypto-anarchist stance and commitment to decentralization principles. We wrote about the economic, historical, and social preconditions for Bitcoin’s emergence, and it was during this time that I fully embraced the idea.
It got to the point where I sold my apartment and, during the market's downturn, bought 50 bitcoins, just after the peak price of $1,200 per coin. That marked the beginning of my first crypto winter. As an editor, I organized workflows, managed translators, developed a YouTube channel, and attended conferences in Russia and Ukraine. That’s how I learned about Wences Casares and even wrote a piece about him. I also met Mikhail Chobanyan (Ukrainian exchange Kuna), Alexander Ivanov (Waves project), Konstantin Lomashuk (Lido project), and, of course, Vitalik Buterin. It was a time of complete immersion, 24/7, and boundless hope.
After moving to the United States, I expected the industry to grow rapidly, attended events, but the introduction of BitLicense froze the industry for eight years. By 2017, it became clear that the industry was shifting toward gambling and creating tokens for the sake of tokens. I dismissed this idea as unsustainable. Then came a new crypto spring with the hype around beautiful NFTs – CryptoPunks and apes.
I made another attempt – we worked on a series called Digital Nomad Country Club, aimed at creating a global project. The proceeds from selling images were intended to fund the development of business tools for people worldwide. However, internal disagreements within the team prevented us from completing the project.
With Trump’s arrival in 2025, hope was reignited. I decided that it was time to create a project that society desperately needed. As someone passionate about history, I understood that destroying what exists was not the solution, but leaving everything as it was also felt unacceptable. You can’t destroy the system, as the fiery crypto-anarchist voices claimed.
With an analytical mindset (IQ 130) and a deep understanding of the freest societies, I realized what was missing—not only in Russia or the United States but globally—a Bitcoin-native system for tracking debts and financial interactions. This could return control of money to ordinary people and create horizontal connections parallel to state systems. My goal was to create, if not a Bitcoin killer app, then at least to lay its foundation.
At the inauguration event in New York, I rediscovered the Nostr project. I realized it was not only technologically simple and already quite popular but also perfectly aligned with my vision. For the past month and a half, using insights and experience gained since 2014, I’ve been working full-time on this project.