UNCLE ROCKSTAR's avatar
UNCLE ROCKSTAR rockstar@primal.net 1 year ago
Bitcoin is already, by far, the best privacy coin. What is left now is to teach the history of how we got here - recognizing pioneers like Wasabi and Samurai - and learn from it. Even more importantly - spread the knowledge on how to use the right tools: eCash, Boltz swaps, RoboSats, solid wallets like AquaBitcoin & BullBitcoin, and merchant platforms such as @npub155m2...dcvg. It's critical that most Bitcoin stays no-KYC. Anything less than a supermajority pushes us toward a dystopian future - one already previewed in Sweden, where anyone can legally look up your home address and Bitcoin holdings in a public, government-mandated registry. I don't think anyone sane wants to live in the chaos of that type of world. See you today at Lugano PlanB P2P Stage, 3 PM where I'll be talking with SethForPrivacy, @Giacomo Zucco, @Max and @ODELL about one of my favorite topics. No privacy, no freedom ✊🗽 image

Replies (24)

Hanshan's avatar
Hanshan hanshan@hanshan.io 1 year ago
I'm not talking about monero. pseudonymity is insufficient because it is trivial to link UTXO clusters to KYC information now or in the future. Onchain #bitcoin privacy is almost dead. I hope to hear the talk but if its all rationalizing custodial privacy and ecash I'm out.
1 replies ↓
rafael_xmr's avatar
rafael_xmr 1 year ago
- if bitcoin is the privacy coin why does the name privacy coin exist - why does it exist image
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npub1ah3a...l76e 1 year ago
*yet The KYC data and AI caoabiliw are already there. Just not public publically.
Jordan The Nostr Miner 🫪's avatar
Jordan The Nostr Miner 🫪 Jordan@nostr.land 1 year ago
Right now for the next 16 years, Monero could be considered the harder money, as the monero rewards granted for mining are now gone. It has a supply of 18.4 million, and is only CPU minable which theoretically is a more difficult task since the hardware isn't specialized for mining. Tail emissions offset lost coins, and incentivize miners to maintain the network. Personally, I see utility over theoretical value. And swapping usually tends to be the vulnerability in opsec. For me obviously, I wouldn't be buying anything that requires good opsec but I'd prefer to maintain transaction privacy as a given principle rather than as an assumed luxury.
1 replies ↓
Jordan The Nostr Miner 🫪's avatar
Jordan The Nostr Miner 🫪 Jordan@nostr.land 1 year ago
To use E-Cash Privately, you would first have to accomplish the first two layers privately, and self-hosted. Acquire KYC-Free Bitcoin, use silent payments, coinjoins, and payjoins, self-host, open, and manage your own lightning channels, then open a e-bank, etc. 🙃. Additionally, you'd have to swap back, and forth between various softwares since there isn't a software that I'm aware of that offers full privacy tools for all 3 layers. Cake Wallet, Zeus, and Peanut Wallets (Cashu wallets) are the closet tools that I'm aware of that do a fraction of each layer but I'm not aware of a self-hosted method that does all three in one app.
Jordan The Nostr Miner 🫪's avatar
Jordan The Nostr Miner 🫪 Jordan@nostr.land 1 year ago
Right now given current protocol rules, and estimated block time, under Monero's current fork tails emissions produce 0.6 every two minutes, of course this could change in the future, however under the current rules, and projections it's estimated the monero won't pass 21 Million coins in supply until around 2040, which is about ~16 years from now.
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rafael_xmr's avatar
rafael_xmr 1 year ago
how can they use this as marketing if bitcoin already has it
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npub18803...48lq 1 year ago
A. As OP said privacy on bitcoin took time to develop. B. Since when has the truth ever stopped an altcoin marketing campain?
1 replies ↓
rafael_xmr's avatar
rafael_xmr 1 year ago
a. nothing changed on bitcoin, and if it still doesn't have privacy by default is it a "what" coin? b. fake marketing is not the same as a "no difference", if bitcoin was a privacy coin the name privacy coin wouldn't exist and all of them would be, selling a privacy coin as a privacy coin would be like selling water but with the taste of water, but then you can fake market other things like scale, speed, etc
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npub1ah3a...l76e 1 year ago
Bitcoin maxis. A lost cause?
UNCLE ROCKSTAR's avatar UNCLE ROCKSTAR
Bitcoin is already, by far, the best privacy coin. What is left now is to teach the history of how we got here - recognizing pioneers like Wasabi and Samurai - and learn from it. Even more importantly - spread the knowledge on how to use the right tools: eCash, Boltz swaps, RoboSats, solid wallets like AquaBitcoin & BullBitcoin, and merchant platforms such as @npub155m2...dcvg. It's critical that most Bitcoin stays no-KYC. Anything less than a supermajority pushes us toward a dystopian future - one already previewed in Sweden, where anyone can legally look up your home address and Bitcoin holdings in a public, government-mandated registry. I don't think anyone sane wants to live in the chaos of that type of world. See you today at Lugano PlanB P2P Stage, 3 PM where I'll be talking with SethForPrivacy, @Giacomo Zucco, @Max and @ODELL about one of my favorite topics. No privacy, no freedom ✊🗽 image
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GG's avatar
GG GG@primal.net 11 months ago
I would suggest you try BULL wallet. When purchasing off an exchange of your choice, withdraw via Lightning to your Instant Payments wallet in BULL, which will automatically swap your LN bitcoin to Liquid bitcoin (perks of Liquid is that transaction amounts are confidential) and then swap back to on-chain. You can even connect your wallet to BULL wallet, and set automatick swaps from Liquid directly to your cold-storage when your threshold is reached i.e. 1M or 5M sats, it's up to you. Also Bull Bitcoin wallet should be available in Switerzalnd soon, so youll be able to buy Bitcoin directly via Liquid, followed by auto swap to cold stage.
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