@fedibtc @fedimint ๐Ÿ”… โ€” Reynolds Foundation @finneyprize @GridlessCompute โ€” #Community #Privacy #Freedom #Bitcoin

Bitcoin. Fedimint. Lightning.
Joined March 2007
Obi Nwosu ๐Ÿ”… retweeted
With @fedimint, your security set up looks like that of institutional bitcoin security setups. Your keys are stored: 1. In multiple locations 2. On multiple devices 3. On different software implementations 4. With multiple custodians @obi recently explained this on @watchbmtv:
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Obi Nwosu ๐Ÿ”… retweeted
Fedi CEO Obi Nwosu says to assume you will get hacked in the new AI age: "AI drives down the cost to exploit. It makes it basically free." The solution? Coinbase-grade multisig and timelocks, now: "Simple enough for any individual, any community or any family to run and have the same safeguards in place." ๐Ÿ”
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Obi Nwosu ๐Ÿ”… retweeted
"The protocol requires privacy." Jeff Booth on the @darkside2030 and @puncher522 Space with @fedibtc. Here's a free Fedi guide that tries to simplify it: few.guide/guides/fedi.html
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Obi Nwosu ๐Ÿ”… retweeted
The currency exchange business should be on notice... Trading sats for local currency (rupiah) in Indonesia @Silatoshi_id 60,000 sats made me a rupiah millionaire.
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Obi Nwosu ๐Ÿ”… retweeted
As @fedimint and @CashuBTC both move ecash forward at @btcplusplus in Berlin this week, hereโ€™s a look back at Milton Friedmanโ€™s vision for its power to protect privacy and freedom 27 years ago.
Obi Nwosu ๐Ÿ”…
@obiOct 1
So much exciting stuff happening in the federated ecash space. @EricSirion yesterday, @calle and @joschisanbtc today. Federated ecash is so hot right now!
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Obi Nwosu ๐Ÿ”… retweeted
Just caught @joschisanbtcโ€™s talk in BTC++ Berlin on @fedimint and am blown away. As someone who is ecash-agnostic I donโ€™t think thereโ€™s another project in bitcoin thatโ€™s using as much cutting edge black magic tech in pursuit of their goals. Incredibly impressed.
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Obi Nwosu ๐Ÿ”… retweeted
Fedimint ๐Ÿ”†@fedimintOct 1
Federate all the ecash! ๐Ÿš€
The FROST basis for this new design enables composability across the ecosystem, with @bitcoindevkit to power onchain, and Bark (@secondhq) to power the Lightning! @callebtc @btcplusplus
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Obi Nwosu ๐Ÿ”… retweeted
Fedimint ๐Ÿ”†@fedimintOct 1
Today at @btcplusplus @joschisanbtc explained all the engineering that went into Fedimint over the last years ๐Ÿ˜Ž Missed it? Watch out for the recordings!
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Obi Nwosu ๐Ÿ”… retweeted
With collaborative custody, you share responsibility for securing your Bitcoin across multiple keys or people. Community custody takes a different approach. A group of trusted Guardians collectively holds the keys on behalf of a community. But how does it work, and where does it fit within the broader collaborative custody model? Our latest article explores both approaches, their differences, and how @fedimint makes community custody possible. The link is in the thread.
๐Ÿค– Made with AI
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Obi Nwosu ๐Ÿ”… retweeted
Great work Om and everyone else who helped make the Fedimint native SDK reality! ๐ŸŽ‰
Fedimint now has a native Android SDK ๐ŸŽ‰ org.fedimint:sdk 0.1.0-beta.1 is live on Maven Central, the first native Android SDK for Fedimint. Join a federation, send and receive ecash, and pay over Lightning, all from Kotlin, in one dependency. central.sonatype.com/artifacโ€ฆ @fedimint
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Obi Nwosu ๐Ÿ”… retweeted
.@EricSirion talks about threshold custody in this video, where a threshold of people must agree before funds move. Fedi is built on @Fedimint, where Guardians collectively secure a Federationโ€™s bitcoin using threshold multisig. With Multispend, a threshold determines how many members of a group must approve a withdrawal from their shared fund. They sound similar, but they serve different purposes. Our latest article breaks down multisig and Multispend, how each works, and where they fit into shared custody and spending. Link to the article is in the thread.
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Obi Nwosu ๐Ÿ”… retweeted
Why multiple implementations make sense for security beyond a certain point:
Calling on fellow cypherpunks to build alternative Fedimint implementations. The Liquid hack shows once again that single points of failure are what will break our systems and that includes the code we write. Security is an asymmetric game: an attacker has to find one weakness, while defenders have to find all. AI has permanently changed the attacker-defender balance for the worse. This is a fundamental problem for the entire freedom tech space and only mitigatable by aggressively reducing single points of failure. Federations are meant to do exactly that, but just like Liquid, Fedimint shares the โ€œsingle implementationโ€ problem. If we still want to bring privacy and freedom to the world we need to work together more than ever to reduce these single points of failure. For me that means seeking help to bootstrap independent Fedimint implementations. We are still early, but I've started extracting a specification that others could build off and would love to collaborate with any fellow cypherpunks who want to join us in that mission. In particular, Iโ€™d love to work with @callebtc and the @CashuBTC team, who have much more experience with a multi-implementation ecash protocol while the Fedimint team brings federation experience to the table. While AI exposes existing vulnerabilities and wreaks havoc in our ecosystem, it is also an opportunity for talented engineers to be far more productive than ever before. Iโ€™ve been talking with @fedibtc and there is funding for a small, crack team to pull this off. If this sounds interesting as a funder, please reach out! The idea is for the teams to be purposefully disconnected from the existing Fedimint implementation and to work autonomously, communicating mainly through the spec process. If you too believe that privacy and freedom are needed more than ever, please join us!
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Obi Nwosu ๐Ÿ”… retweeted
I'm enormously grateful that @thesimplekid made the first step into a multi-implementation future of federated ecash systems, I think that will make ecash the most robust it can possibly be! xitter.cf/EricSirion/status/2097โ€ฆ
Why multiple implementations make sense for security beyond a certain point:
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Obi Nwosu ๐Ÿ”… retweeted
Fedimint ๐Ÿ”†@fedimintSep 15
Another Fedimint implementation just dropped! ๐Ÿš€
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Obi Nwosu ๐Ÿ”… retweeted
Multiple Fedimint implementations were part of the original vision, now with the help of AI the dream is becoming reality ๐Ÿฅน Time to call the fedimint repo minimint again? Has my holding out finally paid off? ๐Ÿ˜
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Obi Nwosu ๐Ÿ”… retweeted
ecashmeshโšก๏ธ evidence-aware routing for Ecash across @CashuBTC , @fedimint and eventually @lightning beyond fees: liquidity, reliability, proof freshness and route risk which Ecash route should I use, and why? building for @bitshala boss battle 2026 ๐Ÿ”— github.com/bansalayush247/ecโ€ฆ
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Obi Nwosu ๐Ÿ”… retweeted
Calling on fellow cypherpunks to build alternative Fedimint implementations. The Liquid hack shows once again that single points of failure are what will break our systems and that includes the code we write. Security is an asymmetric game: an attacker has to find one weakness, while defenders have to find all. AI has permanently changed the attacker-defender balance for the worse. This is a fundamental problem for the entire freedom tech space and only mitigatable by aggressively reducing single points of failure. Federations are meant to do exactly that, but just like Liquid, Fedimint shares the โ€œsingle implementationโ€ problem. If we still want to bring privacy and freedom to the world we need to work together more than ever to reduce these single points of failure. For me that means seeking help to bootstrap independent Fedimint implementations. We are still early, but I've started extracting a specification that others could build off and would love to collaborate with any fellow cypherpunks who want to join us in that mission. In particular, Iโ€™d love to work with @callebtc and the @CashuBTC team, who have much more experience with a multi-implementation ecash protocol while the Fedimint team brings federation experience to the table. While AI exposes existing vulnerabilities and wreaks havoc in our ecosystem, it is also an opportunity for talented engineers to be far more productive than ever before. Iโ€™ve been talking with @fedibtc and there is funding for a small, crack team to pull this off. If this sounds interesting as a funder, please reach out! The idea is for the teams to be purposefully disconnected from the existing Fedimint implementation and to work autonomously, communicating mainly through the spec process. If you too believe that privacy and freedom are needed more than ever, please join us!
Obi Nwosu ๐Ÿ”…
@obiSep 9
A topic this critical deserves my first long-form post. The real question is not trusted vs trustless. It's how many independent things have to go wrong before you lose money. @TheBlueMatt said it in one sentence. Run the same software, suffer the same bugs. โฌ‡๏ธ Think about what actually happened. Liquid was an 11-of-15 multisig. Fifteen independent signers. No keys were compromised. Nevertheless, eleven honest signers approved a withdrawal that emptied 95% of the reserves, because every one of them was running the same code, and the code had the same bug. A few weeks before that, one firmware flaw swept thousands of Coldcard cold wallets. Different product, same lesson from the other side.โ€จ Before anything else, none of this is abstract. Coldcard victims lost savings they stacked over years. LBTC holders woke up to frozen funds through no fault of their own. And anyone who has ever shipped code that holds other people's money can and should empathise with the engineers at Blockstream. I do. But we have to be honest with ourselves here. The world has changed. AI tooling is surfacing bugs that sat dormant for years, a point Matt also made after Coldcard. Five year old vulnerabilities are getting weaponised. Supply chains are getting attacked. "Secure so far" doesn't mean much anymore. So let's also retire a comforting fiction. There is no such thing as โ€œtrustless.โ€ There never was. It was always shorthand for trust-minimised. Every system puts trust somewhere: in code, in firmware, in the people who write, ship, and run both. Liquid users trusted Elements. Coldcard users trusted a random number generator they never saw. Don't get me wrong. We should keep doing everything possible to make our code, our systems and the people behind them as trustworthy as we can. Audits, reviews, security culture, all of it. But trustworthiness is not the same thing as fault tolerance, and we need both. Fault tolerance only comes from having independent failure domains. In other words, no single point of failure. So what does this look like in practice: 1. Multiple implementations of every protocol that holds funds, with the power to reject and not just observe. 2. Multiple wallet implementations. We mostly have this already. 3. Keys generated on hardware from different vendors. 4. Multiple independent, trustworthy humans behind every system that holds money. 5. Geographic and jurisdictional distribution as one jurisdiction's rules can change overnight.ย  And to be clear, Matt's sentence currently applies to @Fedimint too. Fedimint was designed to remove single humans and single institutions as points of failure. That's the whole point of a constellation of federations. But today there is only one implementation of the protocol: every guardian runs the same software. Federated humans, monoculture code, and it's not good enough. So I'm calling on the Fedimint community to lead by example and fix this as quickly as we can. And to everyone else, tell me where I'm wrong. If I am, propose something better. If I'm not, then let's stop debating trusted vs trustless and start demanding independence at every layer. Software, hardware, humans, jurisdictions. All the way down. That's how Bitcoin stays worth the highest confidence as we enter this new age.
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Obi Nwosu ๐Ÿ”… retweeted
Please join @Modibe_, @frankcorva , and @vryfokkenou on Thursday, 10 September, at 9am ET. Theyโ€™ll be discussing how @fedimint is used within the @BitcoinEkasi community and beyond in South Africa. Be sure to tune in!
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Obi Nwosu ๐Ÿ”… retweeted
From an upgrade to @fedimint to an inspirational conversation with a Kenyan community leader and entrepreneur, we had a lot to be excited about this week. A thread ๐Ÿงต:
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