Replies (101)
That's why they have lots of gold and so little bitcoin, and besides el salvador no state is buying
i didnt understand your question well here, but i will tell you why govs are not buying bitcoin, but only building the roads to people use it, and that's simply because it's too easy for them to steal bitcoin from you that they don't need to spend their hard money (gold) to buy bitcoin.
If bitcoin removed any power from system it would be living in the kind of environment that monero and other privacy coins are living
Oh, well Bitcoin is dead then. Nice knowing ya.
Without decentralized mining, i don't see how it went well in the long run
Yup, also a significant issue for the network to overcome. It’s possible that it may not…
Indeed.
It's as easy as introducing AML, introducing KYC, tracking the chain, makeing up some wild money laundring claims - profit!
Well I think bitcoin purchased p2p and selfcustodied is still a problem for them.
Also to who owns it, but yeah.
They can print paper to buy it. No need to use gold
I know, but dont expect that to happen.
Confiscation like Gold yes. 6102. I dont believed they will really be able to enforce this fully for those who dissent. "My kyc bitcoin was stolen in a hack"
There desired model is apparent. Tokenized paper bitcoin attached to your identity. Reduce bitcoin to a gambling token
The risks can be mitigated but it's not ideal at all.
It's like putting yourself in a risk position that you don't need to be
This will happen, before the ''Bitcoin Standard'' starts
they will steal from you when you try to use it to buy normal services dont worry
I'd be worried about loosing out on bitcoin cycles tbh
how do you loose bitcoin on bitcoin cycles?
Yes probably. Enforecment in other contries will probably be far less though
Whos to say i didn't swap with someone across boarders first?
This is not probably, is 100% sure, or you think they will push that reality before they are ready?
Man BIS controls the financial systems of all countried expect 3
It just not realistic for them to enforce even if they theoretical have viability
Naivety in not knowing what BIS is
Wishful thinking bro
**visibility. I think a lot of the bitcoin opsec stuff is geared toward high profile targeted individuals. Yes bitcoin is a liability for them. For most though and at scale????
I'm saying if i had no bitcoin exposure. What are you meaning?
Why do you think BlackRock don't self-custody their bitcoin and put the risk on Coinbase side?
How do you loose Bitcoin if you dont own none? I cant understand what you are saying here
I'm not trying to make predictions about what happens when. Yes they have influence but enforcement requires boots on the ground
Ik about the BIS. People still steal bitcoin and get away with it today is my poiny
Because they don't wanna be liable
No it don't, its very easy to enforce this, the only way to scape is not to move bitcoin
But when enforced by law sounds different
Your saying i dont need to own bitcoin and risk the surveillance from what i understand. I'm saying I dont wanna miss the 4 year cycle pumps and am willing to manage the risk of owning bitcoin
They want you to think they are all powerful. Really they just make a spectical out of the low hanging fruit and hope everyone else complies
If you dont want to own bitcoin why would you need it? I own 0 bitcoin, and i don't feel i need it to anything on my life.
Not the risk of surveillance, the risk is if you want to use it in a sovereign way, they will steal it.
You think all nonkyc bitcoin activities will stop? There will be a black market for bitcoin still
What non kyc bitcoin activities? No one uses Bitcoin on black markets unless they are from gov
I think i'll be able to swap to monero just fine
The eyes only can see what mind can comprehend
Maybe no one from monero will want it, maybe..
I would not even at discount
There is still black and grey market bitcoin activities.
The honey pots from govs yeah
Being overly optimistic is unrealistic and being overly pessimistic and paranoid is unrealistic. Im in the middle
Im neither one side neither the other, but i still can see the reality that are happening around me i think
Yeah i just dont see that happening. I think crypto should be seen as a tool and not a tribal walled garden
The guys have the power to enforce it, the guys show you how they will do it, the guys are not trust worthy, but you still think is not happening?
Government wallets will likely become lost, or stolen.
I'm just a little fishy that hackers probably don't want to waste time with.
Bitcoin maxi culture created that walled garden dystopian future, and even when faced with the reallity still ignoring what is rigth in front of their eyes..
What government wallets?
If i put a gun to your head and said you die or figure out a way to make a private bitcoin transaction you couldn't figure out a way to do it?
No, the only thing i can do is ''wash the history of that'' but private bitcoin transactions can't be done right now and if is im not aware, but you will have a way soon, but that doesn't grant that people will adopt that tool, because as i see bitcoiners think anything that isn't bitcoin is a shitcoin so i don't most will comply. But you will will not be transacting bitcoin, you will move that bitcoin with another coin...
like what you can do with wBTC on ETH
So if i buy bitcoin with cash and then broadcast a transaction over tor what is that?
What about if i swap monero for bitcoin and broadcast it over tor
The transaction is tracked the same, do you call that an anon transaction? I don't
Again, you are confused, the transaction still trackable
I do call it an anon transaction. How would you deanon me or link me to amy other payment?
But is not because you have non kyc that the transaction is untrackble, you will see the same on blockchain, i think you are a little bit confused here, we are talking about different things, to make bitcoin move untrackble you need to mint it on DarkFI, and then you can transact dBTC in a untrackble way
Me no, maybe a state can, maybe not, it depends on conditions that you dont control
You think if i make a payment like this on bitcoin im gonna have trouble with the government? Thats the only think i would care about as to anonymity. Ik there are technical differences in how much info im leaking but realistically does the average person need more anonymity that what i discribed ?
I cant think of any way you could be deanonomized
Of course you can have, because what you said don't grant you 100% anonimity, but what i explained to you that you can do with darkFI yes, and thats a big difference..
It's not that easy to grant 100% and that doesnt even exists..
The thing is using what have the best odds, why be in the middle?
No one is 100% anonymous online if being followed by a state level agency
And if someone says he is, he doesnt know enough
My reason is i think bitcoin is the shelling point for crypto. Thats why we have the 4 year cycles and ngu.
Your main problem is you’re allowing yourself to believe your own reductive generalizations. Every generalization you wrote about doesn’t apply to large numbers of global Bitcoiner’s.
The only people I’m aware of on #nostr who are actively engaging in P2P Agorism are Bitcoin only.
Have you missed that trend? I buy stuff and sell stuff P2P and settle tx’s in sats. I save profit in Bitcoin UTXOs. All non-KYC. Bitcoin is permission-less freedom money and it works flawlessly.
Yes i agree
bitcoin is worthless in the conditions we are talking
doesnt worth nothing i mean
Yeah idk i think if crypto and exchanges where banned bitcoin would be find because there would be no kyc info.
Your main problem is that you can't undestand the basics. When someone generalizes something is to talk about the most not all, do i need to explain the basics?
You dont know nothing so..
What you can do today maybe you cant do tomorrow or it's not the wisest thing to do, and i will not elaborate more with you because you can't even know the basics...
It would be useless the same, why people would choose to use an option that have bigger risks than other options available?
Very delusional and empty reply.
Of course, i need to get to your level of undestanding
Real Agorism happens on Monero not here on nostr
Go see in DW if what Agorism is
Because of the shelling point. Do you recognize the importance of that?
I know how it works, but most people don't have what it takes to do it rigth
You’re the drummer in JRAD? Very cool, love your work man
Yup its a game of survival of the intellect
yeah, but don't expect that at scale
No, im not drummer kkkkkkk
Only the best of the best can do it right
Exactly my point. You can even do a few swaps to disassociate from your stack
If you do it regularly, is a matter of time until the radar of the system catch who owns that UTXO
That's why no one uses bitcoin on darkweb unless honeypots, if that was 100% true, everyone would be using it...
This guy is insufferable. Constantly doom posting about bitcoin so he can shill Monero
Despite plenty of us proving to him that he is spewing bullshit he just continues to say the same nonsense over and over and over again
Yeah but this is not a required threat model for the average person in usa let alone the global south.
Absolutely, seems like an LLM. Muted and moved on after one exchange lol
not really
if you do proper UTXO management it won't be linked to any BTC purchase info
but if you're buying stuff and having it mailed to you or otherwise linking those UTXOs to yourself,
AND you are under targeted surveillance,
they just have to contact one of your exchange counterparties to dox the entire UTXO cluster.
as you say, its pretty fragile privacy.
I should probably do the same but I kind of enjoy fighting with retards on the internet
His exchange with
@mike the other day was something else
I had fun 😂
That's a kind of thing that someone that is serious about what he's doing don't even take as an option, if you want to be ready to a dystopian future, the kind of tools that are valuable is totally different that if you are preparing to a world where you expect to improve for better, water and food is the most valuable thing, a safe home is second, than gun's to protect what you produce and what you have is the third, than you need to be in the right place, surrounded by people that think like you, because running is not an option, that's what weak people do, and sooner or later you get cough like John was in Barcelona, and he was sharp as fuck, but he didn't go underground if you know what i mean, then gold because it's here for 6000 years and in a ''great reset'' environment digital is not an option, than military grade routers and radios, that you can build to communicate with the like minded ones...
Expect the best, but be ready for the worst, is better to be a warrior in a garden than a gardener in a war...
Generational wealth is build with this bases, not a miraculous asset that fix everything like this dumbfucks think, no one from the top 1% thinks different than me in what they need to have, than vanilla VCs think they are at my level kkkkk
It's not by case that this was the year that more bunkers were sold than anytime on history, i still don't have mine, but soon i will...
Me also, and the ones with wisdom laugh at you kkkkkkkk
lack of vision..
