Thread by @Synonym_to

Today's presentation:

Architecting a Self-Sovereign Economy

We have been working in stealth mode for the past 20 months with a team of engineers and designers to prepare an ambitious new company building products for Bitcoin.

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Synonym is a new Tether-owned company created to make products that strictly use Bitcoin as the only blockchain.

We have designed a strategy & ecosystem of products that will empower Bitcoiners to opt into an entirely alternative social economy.

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We all talk about hyperbitcoinization like it will magically happen on its own someday, but what would it actually be like to live in a world that does not have megabanks, or regulations, or Big Tech controlling every aspect of our lives?

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Satoshi literally invented Bitcoin to obsolete the banking system, but here we are celebrating every time we get news about a new ETF, or some custodial Bitcoin startup raises another ten million dollars.

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As a community we need to build and support non-custodial apps and services that replace modern finance and allow users to stop trusting banks and government fiat forever.

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We are proposing replacing these systems with the Lightning Network by making it as simple as possible for everyone to hold their keys.

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Mobile Wallet:
We believe all wallets should be non-custodial, thus ours will allows you to hold your own keys for Bitcoin, Lightning Channels, and even tokens on Lightning

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Blocktank:
To make things even easier, we have created a service for any website, platform, or app to add non-custodial Lightning services for their users.

Configure, buy, renew, automate, and manage Lightning connections whether your team runs a node or not.

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Why Tokens on LN?
Bringing Lightning’s instant and cheap transactions to retail can allow us to replace our trust in the dollar by enabling the merchants you love to issue any redeemable credit you can imagine: gift tokens, tickets, or subscriptions, or hamburger tokens.

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The last 2 years of this “plandemic” have shown us that governments are not only willing to surveil our internet behavior and bank transactions, but also capable of restricting our access to services and removing our freedoms with Vax passes and other forms of coercion.

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We want to help you take back your privacy and demonstrate that we can have an internet where everyone meets on their own terms.

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Slashtags:
For the past year, we have been designing a new protocol for the web that allows you to decide how you share and find information, while controlling your own web accounts and passwords in the same secure way that you hold your Bitcoin.

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Slashtags leverages a localized Web of Trust model to create interoperable, uncensorable private networks that connect via encrypted private channels and feeds, all without using any blockchain at all.

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Slashtags Accounts:
Use Bitcoin keys to make website accounts for passwordless login, uncensorable websites, and avoid certain attack vectors.

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Slashtags Contacts:

- Bi-authenticated
- Upgraded Phone Contacts
- Early WoT-building

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Slashtags Feeds:

- Simple Encrypted Web API
- Automatic Background Updates
- Use Wallet for Updates & Backups

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Big Tech and most popular websites and apps have become a cancer to our privacy and freedom by locking us in to walled gardens where they can freely censor us and farm our private information, while selling it to advertisers and governments.

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Combine Webs of Trust with Bitcoin to create an Atomic Economy - a localized, reputation-based circular economy.

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Publishing Platform:

Our publishing platform is a search and publishing platform that gives you every tool you might need to create and monetize literally any type of data, content, or service you can digitally express.

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Decentralized Social Media:
The second web platform is actually two apps that will show you how we can totally replace Twitter and Facebook with a truly decentralized and uncensorable method of social networking built with Slashtags.

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No matter how hard we try to design a private, uncensorable economy for hyperbitcoinization, none of it matters if you keep giving your trust to people that don’t deserve it.

With Slashtags and our other products, we can address many more use cases, if you embrace it.

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We can combine Webs of Trust with Bitcoin to create an Atomic Economy where everyone holds only the data they need, and actively curates who to trust and share their content with.

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The Atomic Economy is a concept that combines the ideas of a circular economy with a web of trust to form a highly efficient and relative social economy. If we can achieve minimal conversion and minimal data redundancy, we can replace the legacy economy.

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We are releasing several different open-source libraries *today* that any of you can use to build this new world.

Visit github.com/synonymdev

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We are recruiting, we are building, and we are ready to discuss the possibilities with you.

synonym.to/team

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