pull down to refresh

0 sats \ 5 replies \ @fiatjaf 31 Mar 2022 \ on: Praia Bitcoin & Openoms: Deploying the Galoy Open Source Bitcoin Banking Stack in a Self-Hosted Environment bitcoin
Why is this news?
write
preview
0 sats \ 4 replies \ @nout OP 31 Mar 2022
It's interesting because they are establishing federated bitcoin communities in different countries and helping enable local businesses - I was happy to see the efforts in Uvita, CR by BitcoinJungle group... Part of the post is a video that's somewhat informative.
reply
0 sats \ 3 replies \ @fiatjaf 1 Apr 2022
Federated my ass.
reply
0 sats \ 2 replies \ @nout OP 1 Apr 2022
You have some grudge against the Bitcoin Beach wallet? Because it's centralized?
reply
0 sats \ 1 reply \ @fiatjaf 1 Apr 2022
So you know it is centralized?
Why do you spread the lie that it is federated then?
reply
0 sats \ 0 replies \ @nout OP 1 Apr 2022
Yea, I know how it works. Different groups of people fork (or just directly use) the open source wallet and stack to power their community (e.g. one in El Salvador, different one in Costa Rica, different in Venezuela).
The leads in each community hold the sats in multisig. Galoy provides help and support, but Galoy doesn't own the keys for each community. That's what I meant by federated. What did you understand by federated?
reply