peacemonger on Nostr: New world being built. ...

New world being built.

quoting
note1x6w…ny88

Yesterday at the Minneapolis Bitcoin meetup, we launched The Minneapolis Fed, which is a Fedimint for our community. I think this is one of the first mainnet community-lead federations and I'm excited to see more federations pop up over the coming year.

We on-boarded attendees using Fedi and OpenSecret (npub1mut…23vg) and even had a contest to see who could redeem a 100000 sat ecash note the fastest (shout out to Collin for winning).

Fedimint is still pretty early software so it was made clear that this is still somewhat #Reckless and to use with low value but given that v0.2.1 is the first stable release, we were eager to test it out with some real funds.

It was pretty cool to see federated ecash in action. I know we had an IRL ecash transaction for Real Bedford merch and some attendees reimbursed others for Keeper's Heart Old Fashions. Unfairly cheap too, our federation has no fees!

Given that this Fedimint is for the Minneapolis community, we will be keeping it small and mainly share invite codes during in-person gatherings. So if you want to try it out, be sure to attend a Minneapolis Bitcoin meetup or Minneapolis BitDevs https://bitdevsmpls.org

We are working on a guide that other communities can follow to setup their own federation. And over time this will get easier as we build tools to automate the deployment process.

Very fun meetup last night, thanks to everyone who attended and tried out Fedimint!