1/ NEWS: @HRF is teaming up w/ @jackmallers, @r0ckstardev, and @ln_strike to set 1 BTC bounties for the first open-source, non-custodial, non-KYC Lightning wallets to ship features requested by dissidents worldwide:
2/ These features were chosen after extensively interviewing activists from across the globe.
Conclusions:
Human rights defenders need an easy way to privately receive BTC/LN donations.
They need a way to peg BTC to dollars.
And they need cash-level privacy for transactions.
3/ The bounty program will run for one year until December 31, 2022.
Wallets wishing to claim any of the three bounties can submit documentation to bounty @ hrf dot org
Our friends at @OpenSats have generously agreed to judge whether or not submissions meet bounty requirements.
4/ We are also very grateful to @cmsholdings whose recent donation (encouraged by @udiWertheimer) will help support this program along with @HRF's next round of Bitcoin grants, to be announced this January.
5/ A world where anyone can download an open-source, non-KYC, non-custodial BTC wallet and:
A) Print a QR code to privately receive tips
B) Choose to transact BTC with cash-like privacy
C) Peg BTC to dollars w/o trusting a custodian
...is a world we want to live in 🚀
6/ We launch this program with the hope that at least two of the three bounties get claimed in the next 12 months.
Any unclaimed bounty funding will be folded into @HRF's Bitcoin Development Fund on January 1, 2023 for distribution via grants that following month.
7/ There are many ways to achieve these three features, including ways that no one has even thought of so far.
Just as Bitcoin UX has improved dramatically in the past year, it will continue to improve in the next year and we hope this program can assist in this evolution.
8/ We believe that these three features and many more will eventually come to Bitcoin, no matter what.
Bolt 12, DLCs, and federated chaumian mints already lay the groundwork.
But dissidents need better money today, so why not provide an extra incentive :)
9/ We look forward to keeping you posted on the challenge program, and will announce whenever a bounty is claimed.
We wish good luck to anyone competing in this challenge.
Fiat delenda est.
10/ Full details on bounty 1:
11/ Full details on bounty 2:
12/ Full details on bounty 3:
• • •
Missing some Tweet in this thread? You can try to
force a refresh
1/ How did Tokyo's Imperial Palace become more valuable than all the land in California?
"Princes of the Yen" tells the story of how central banks shape society, focusing on the US-led effort to stop Japan's 1980s rise by creating an asset bubble
🇯🇵 🧵
2/ The film describes how the Japanese had grown into the world's second largest economy through a wartime system of "window guidance," where the Bank of Japan would dictate to domestic commercial banks how much and who they could lend to.
3/ By the mid-1980s, US officials had grown majorly concerned about this kind of "wartime" export-led economic rise, and aimed to find a way to make the dollar cheaper and the yen more expensive, so that Japan's growth would slow at America's benefit.
2/ During World War I, German officials went off the gold standard and increased the country’s money supply from 17.2 billion marks to 66.3 billion marks.
Britain did the same, increasing its money supply from 1.1 billion pounds to 2.4 billion pounds.
2/ In 1972, one year after Nixon defaulted on the dollar and formally took the world off the gold standard for good, the financial historian and analyst Michael Hudson published Super Imperialism, a radical critique of the dollar-dominated world economy.
3/ The book is a study of how the world shifted from using asset money in the form of gold to balance international payments to using debt money in the form of US treasuries.
It's from a left-leaning perspective, but everyone from progressives to libertarians can learn from it.
1/ My new essay "The Quest for Digital Cash" follows the evolution of eCash to Bitcoin, the career of @adam3us, and the ongoing Cypherpunk struggle to fight for freedom and privacy via open-source code instead of asking the state for permission.
2/ We see articles everywhere from the @nytimes to the @ap on how mass surveillance-busting tools like Signal and Bitcoin are being used by domestic extremists.
Treasury Secretary Janet Yellen said that cryptocurrencies are “a particular concern” for terrorism + money laundering
3/ This isn’t the first time these arguments have filled the news cycle.
In the early 1990s, the Clinton Administration (and Joe Biden) opposed widespread strong encryption on grounds that it would help terrorists and pedophiles.