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The biggest flaw in the Fedimint narrative is that there will be all these community fedi mints. The underlying assumption is that users prefer a distributed, potentially anonymous federation over single centralized is just wishful thinking and has no bearning in reality.
Running a bitcoin core or an LNbits node for a few friends is one thing, but Fedis are taking actual custody over people's money. This is a completely different ball game. No one would just entrust their money to a bunch of Anons on the Internet who you might not get hold of if something goes wrong.
If I am forced to give up custody of my coins and entrust them to a third party, then I am much more likely to go with one professional player that knows what they are doing, instead of a "group of friends" who might have the best intentions but not the resources or skills to guarantee availability, security, disaster recovery, customer suport etc. etc.
Like, if you want a profesionally operated federation, why not use Liquid?
All that means that at the end of the day only professional, known player (most likely incorporated companies) can offer viable Fedimints. And there goes your decentralization. They'll be very easy targets for regulators as they'll have a phone number and the people behin them; they are probably required to get money services businesses or even banking license and of course fall under KYC/AML rules.
Congratulations, we have built banks 2.0.
So, I doubt we will see any of the benefits that the Fedimint hype trainer folks promise us.
I am truly confused how that sort of custody is suddenly OK, while Hosted Lightning Channels on the other side receives all the "oh but it's custodial" FUD.
Of course, HCs have trade offs and they are well documented, but they offer very decent amount of privacy, are proven and available today, and are natively on the Lightning network and not some extra software stack on top
The Fed printing money has essentially no effect on the reduction of purchasing power. Bank reserves are not fiat currency. Bank deposits and cash are fiat currency. Bank deposit fiat currency has been a largely electronic decentralized ledger since the 1950s. Collateral is more important than bank reserves, collateral dealing is more important than all Fed activity combined. Bitcoin is better thought of as a form of disintermediated collateral than as a currency or digital cash.
Anarchy means: without rulers, not without rules.
People can agree each others without rules, based on direct agreements and common basic rules.
Bitcoin have very direct rules, without any ruler, so by itself is an anarchist protocol.
So yes, Bitcoin in the end will lead to an anarchy.
As I explained in one of my guides:
https://darthcoin.substack.com/p/natural-law-and-bitcoin
https://darthcoin.substack.com/p/how-bitcoin-will-save-the-world
I think the best way to do this is what @grayruby proposed: writing questions in the bitcoin beginners territory or the saloon. Experienced stackers are making their contribution by posting great stuff. It would be too much to ask them to write even lectures, imo.
the more a project is talked about before launch the more likely it is to be a let down.
I also think that propaganda is the best chance against Bitcoin after direct attacks to shut it down didn't work out (ie cutting out miners in China).
I believe decentralized approach is our best bet: take action in your local community, find what's the most relevant value your community can get from Bitcoin, help onboard people and business, run local meetups, advertisement, support other people doing good work, and share here how its going so that we can all learn from each other.
How about daily or weekly thread, similar to "what are you working on?", maybe who did you orange pill this week?
Also, I think our huge advantage is that Bitcoin is truly global, and therefore its easy for wealthier people (ie folks working in Silicon valley) to financially support efforts in South America or Africa, ie on Geyser.
If you're worried, I suggest doing a bit more research to understand the interplay between L1 and L2 networks
Also, if you are going to make contentious comments on SN, at least back it up with some reasoned analysis, or link to a reliable source.