The future of finance is explored through the lens of older tech and rebellious innovation. Multi-nut payments promise enhanced privacy and user experience, backed by the emerging Cashew Protocol. The risks for pension funds ignoring Bitcoin are highlighted, signaling urgent educational needs. Bitcoin is framed as a revolutionary trust layer against traditional banking's constraints. Embracing generational change and diverse perspectives is essential in navigating the complex landscape of decentralized finance and e-cash.
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Multi-nut Payments Analogy
Guy Swann explains multi-nut payments using the analogy of paying a landscaper with small balances across Cash App, Venmo, and PayPal.
This innovative payment method enables combining funds from different mints to pay a single invoice instantly and securely.
insights INSIGHT
Banking vs Permissionless eCash Mints
Creating a traditional bank is complicated, requiring multiple permissions and huge bonds, limiting new entrants.
eCash mints are permissionless and technically easy to set up, enabling anyone to offer Bitcoin-backed money services quickly.
insights INSIGHT
Permissionlessness is Vital
Permissionlessness is crucial and interdependent with decentralization and privacy.
Being decentralized without permissionlessness would undermine key system attributes like asset assurance and privacy.
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The future of banking and payments will be run on old laptops and built by rebels. But really. As inspiration from Callebtc's announcement of successful multinut payments, Marty gives a short but interesting rip on where ecash is headed, and we get the audio today in my lovely voice followed by an unnecessarily long rant about network lock in and how to prevent it, what the "one step back" period of our evolution might look like, and why pessimists are dumb. Lets go.
OFF: The Oslo Freedom Forum (OFF) is an international human rights conference series hosted and produced by the Human Rights Foundation (HRF). Bringing together the world’s most engaging human rights advocates, journalists, artists, tech entrepreneurs, and world leaders, we aim to share their stories and brainstorm ways to expand freedom and unleash human potential across the globe. Don't miss next year’s Oslo Freedom Forum in June. (Link: https://oslofreedomforum.com/)
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Education & HomeSchooling
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