Published: "Building a Bitcoin Circular Economy: Five Spectrums You Have to Navigate"
Five years of learnings from Blink, Adopting Bitcoin, and OpenMMLN distilled into one piece.
Custodial <> Self-Custodial
Spending <> Saving
Open Source <> Closed Source
Technical <> Non-Technical
Push <> Pull
A circular economy is a journey, not a destination. Your community will live across all of these spectrums simultaneously.
Skill for Openclaw agents to send and receive Lightning payments with @Blink Wallet API, supports BTC and USD Wallet.
Set your agent up and let it purchase an email for itself at lnemail dot net to test ⚡️
I really like NIP-46 NostrConnect - authentication with sovereign ID and great UX. Every app should have it!
But not even every nostr app supports it...
Still seeing too many that offer option to enter nsec...
🧵 I published my perspective on Bitcoin governance.
Where does Bitcoin derive its censorship-resistance from? And how do we preserve it?
Sharing some frameworks I've found helpful 👇
The main insight: Bitcoin's unique value comes from censorship-resistance, and the two magic ingredients to achieve it are:
✅ Free users
✅ Free software
-> Censorship-resistance requires free users
-> Free users require free software
Traditional governance asks "who decides?"
These systems are easy to co-opt and can therefore never preserve censorship-resistance.
Bitcoin governance asks "how do we preserve free users?", and this is they key to preserving censorship-resistance.
For developers, this means:
-> Optimize for user agency
-> Default to user choice over "optimal" outcomes
Remember: we're building infrastructure for freedom.
These are just my current thoughts - governance philosophy evolves with experience - but it's clear to me that censorship-resistance is a derivative of free users.
There is a leap of faith required in bitcoin’s governance model.
We must trust that when users are given genuine freedom and access to good information, they will make choices that preserve what makes bitcoin valuable.
Users who want bitcoin to remain censorship-resistant will choose software and rules that maintain that property.
Users who prefer other properties may make different choices, but the network’s evolution will reflect the aggregate of all these individual decisions.
When we take the leap and trust that free users will make the right choices, Bitcoin succeeds.
I would love to hear perspectives from builders, users, and researchers working on or thinking about these problems.