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thoughtcrimeboss
thoughtcrimeboss@thoughtcrimetraphouse.com
npub1uqxk...ffca
Writer, Privacy Ninja, Voluntaryist. Currently practicing countereconomics outside of the system. I haven't had a bank account since 2011, Bitcoin is my savings account, Monero is my checking account. Opt the fuck out with me and subscribe to my newsletter, Thought Crime Trap House
Strike now has native Bitcoin backed loans available..kinda. The minimum loan amount is 75,000 USD at an APR starting at 12%. Maximum LTV is 50% so you need a bare minimum of 150,000 USD worth of BTC to get one. They aren't available in every state either. And you wonder why people are wrapping their bitcoin to access some liquidity. With Strike you have to KYC and send off your Bitcoin to a company. Is that any better than wrapping it and depositing into a smart contract on Ethereum to borrow USDT at 5% with no KYC? I guess with the no KYC loan you have to trust Bitgo, the smart contract itself, and Ethereum whereas with Strike you just have to trust Strike but you have to KYC and be richer than me. Interesting trade offs. image
I feel safer holding Bitcoin and Monero than I would ever feel holding USDC or USDT. I'd rather endure some volatility than know that my funds can be frozen at any time for any reason. Bitcoin wants to break out here so badly, you can feel the stored energy building. The fact that BTC has performed this well in this kind of macro environment is being noticed. It is a safe haven international asset that trends up over time and is becoming uncorrelated to stocks. While most alts have failed to match this outperformance, XMR continues to beat expectations as well despite being delisted from many exchanges. With the United States attempting to make regulated stablecoins into a de facto CBDC that can be frozen at any time for any arbitrary reason, I feel safer using BTC as my savings account and XMR as my checking account than I feel holding amy stablecoins or dollars in a bank. If you disagree with what the state is doing with its power, you can opt out today with Bitcoin and Monero. #bitcoin #monero #CBDC
A thought occured to me just now. In the future, when the block reward is miniscule and the Bitcoin network's miner's revenue comes solely from transaction fees, wouldn't large bag holders have an incentive to mine blocks just to keep their bags secure regardless of whether the transaction fees make it profitable or not? I feel like if Bitcoin is worth enough money then anyone with a significant amount would at least have an incentive to protect their wealth by mining. Am I wrong? I would love to hear what other people think. #bitcoin
Currency devaluation via money printing within a fiat system hurts the poor more than anyone because they don't have assets other than cash. Poverty increases stress which leads to health problems, drug use, relationship problems, suicide, etc. The fiat monetary system enriches a few at the expense of many. For the first time in history, we have a solution to this and it is called Bitcoin. It's not going to magically fix this broken system just by existing though, people have to use it as a medium of exchange. The solution is available, the question is are we going to adopt it or will we continue to let the state control our money? Use your bitcoin! #bitcoin
On Monerotopia I heard a clip of Jeff Booth appearing on some podcast talking about how if Bitcoin fails as a medium of exchange then it also fails as a store of value. I think the Monero community has this part figured out, but I don't know how many bitcoiners realize just how important it is to actually use BTC and support businesses that accept it. Empty blocks are not good, especially when the security of the entire network eventually will depend on transaction fees. We as a community have the power to ensure Bitcoin succeeds by simply using it. #bitcoin
Instead of just getting rid of Jerome Powell, Trump needs to get rid of the entire Federal Reserve. A fiat monetary system controlled by central bankers enriches those closest to the money spigot at the expense of everyone else, artificially increasing wealth inequality. It can also encourage consumption and disincentivize saving at the expense of the environment. Don't forget it also enables the financing of endless wars through money printing. End the Fed. #endthefed #trump #bitcoin image
I absolutely love it when bitcoin goes up when stocks are down. If this continues, iit is going to quickly gain adoption as a way to diversify one's portfolio. Any competent financial advisor will recommend an allocation to an asset that is both uncorrelated to stocks and also trends up over time. Good luck getting enough sats once everyone and their mom starts allocating a % to bitcoin, better get them now.
I don't know if people or even myself truly grasp all the implications of Russia and China settling some energy trades in BTC. More proof that it can serve as both a medium of exchange and a store of value in place of the dollar. I don't own enough bitcoin. #bitcoin
Your data has value, stop giving it away for free! You don't have to give every company that you deal with your real name and address...it is ok to lie to a random website or to the grocery store or Amazon or whoever. It is ok to recieve packages under an alias. You are whoever you want to be. You also don't need to give your doctor or dentist your social security number. Just say you aren't comfortable sharing that information, they will be okay with it. Some people are uncomfortable with lying about their name and that is understandable, but we are in a world of data breaches, phishing scams, and 5 dollar wrench attacks. So you should probably get comfortable with lying. #privacy
The poverty rate in Argentina is dropping fast. Wait a minute though, everyone always told me the poor will suffer when you implement radical free market policies! Libertarians, ancaps, minarchists they are all supposed to hate poor people. Could it be that they actually want to help people escape poverty!! 🤯🤯🤯 #milei #argentina #economics
Protonmail collects usage diagnostics and sends crash reports by default, on desktop go to your settings/security and privacy and scroll to the bottom to turn it off. On mobile, just click settings and it is near the bottom. Although in the mobile app they call it "anonymous telemetry" instead of desktop's "usage diagnostics". #privacy #protonmail image
If you haven't done this already, you should change the settings in your browser to ask where to download a file instead of automatically downloading. Not sure why auto download is often the default setting because it is a security risk. There are some malicious cloudflare "verify if you are human" boxes going around where it will download a file when you click to verify. Turning off auto download is an easy fix. #security