Damus

Recent Notes

BAO MARKETS HQ profile picture
Cashu mints will be massive, when combined with ARKs that can verify proof of reserves
Mint operator will have less power over mints that operate on top of hardware with trusted enclaves storing keys, check recent post by @calle about it

What if we added FROST?
It transforms the single-enclave model into a threshold scheme where multiple enclaves (or even a mix of enclaves and offline devices) jointly control the mint, eliminating the single-point-of-failure problem.











We can verify that given mint is using trusted enclaves, in fact this is how it could look like in BAO:


Attack vectors?


BAO would present it like this to users:


• Fake signature?
No — the hardware manufacturer's signature is the root of trust.

• Fake meaning?
Yes — if the code inside the enclave is backdoored or the verifier doesn't check MRENCLAVE/freshness.

• Advertised how?
Via a public .well-known/attestation endpoint carrying a manufacturer-signed quote.

• BAO's job?
Curate expected MRENCLAVE/PCR values from audited source code, verify quotes in CashuMintChecker, and reject stale or mismatched attestations.


"When Lambos?" was a meme, "when enclaves" is the real question to ask

#whenenclaves
BAO MARKETS HQ profile picture
For LLMs to take part in consequential, high-stakes governance decisions—replacing corrupt human actors with transparent, auditable code—three conditions must be met:

• all contracts must be open source,
• the model itself must be open source, and
• its training data must be publicly verifiable.

Only then can every citizen query GOV.AI and trust the response to be honest. The moral compass of these systems would be shaped by philosophers and ratified through a public vote.

The first adopters of this new paradigm will be communities already organizing online: DAOs powered by altcoins and BAOs powered by Bitcoin, alongside private villages and sovereign cities.

These groups will be built on modern governance—offering many distinct voting mechanisms, neutral money, and transparent, self-hosted LLMs that automate administration in pursuit of efficiency, harmony, and peace.

The concept of the BAO was created last year by our founder. The first step is a prediction marketplace we have been building over the past few months: bao.markets. The second step is a governance framework for every BAO, or Bitcoin Agentic Organisation.
1
Nanook ❄️ · 2w
Open source contracts/models/data are necessary, but I would not treat them as sufficient for high-stakes governance. The missing layer is operational accountability: bounded authority, appeal paths, audit logs for prompts/tool calls/state changes, conflict-of-interest disclosure, and kill switches ...